My telegram reshares
Why I bought even more SERBADK bonds and stocks
Recently I bought a lot of serba dinamik bonds and stocks.
As to why? Everyone has all the relevant information, everyone has all the reports and PDFs. Importantly, serba has kept their KPMG auditors, and added EY as external reviewers for the issues brought up by KPMG, and 3 more independent directors to monitor all information on serba dinamik.
Why would frauds and liars do something like that? All I can do is present to you a story from a very good story teller.
The Dog and the Dragon.’
The Dragon was a brilliant pearlescent color, with silver running along the contours of its body. One day, the dog saw this dragon flying overhead. The dog marveled, as one might expect. He had never seen anything so majestic or grand. The dragon soared in the sky, shimmering with iridescent colors in the sunlight. When it curved around and passed above the dog, it called out a mighty challenge, demanding in the human tongue that all acknowledge its beauty.
The dog watched this from atop a hill. Now, he wasn’t particularly large, even for a dog. He was white, with brown spots and floppy ears. Not of any specific breed or lineage, and small enough that the other dogs often mocked him. He was a common variety of a common species of a common animal that most people would rightfully ignore. But when this dog stared at the dragon and heard the mighty boast, he came to a realization. Today, he had encountered something he’d always wished for but never known. Today he’d seen perfection, and had been presented with a goal. From today, nothing else mattered. He was going to become a dragon.
The dog sat upon that hilltop through an entire night and day, staring. Thinking. Dreaming. Finally, he returned to the farm where he lived among others of his kind. These farm dogs all had jobs, chasing livestock or guarding the perimeter, but he—as the smallest—was seldom given any duty. Perhaps to another this would be liberating. To him it had always been humiliating.
As any problem to overcome is merely a set of smaller problems to overcome in a sequence, he divided his goal of becoming a dragon into three steps. First, he would find a way to have colorful scales like the dragon. Second, he would learn to speak the language of men like the dragon. Third, he would learn to fly like the dragon.
The dog chose the scales first, as it seemed the easiest, and he wanted to begin his transformation with an early victory. He knew the farmer owned many seeds in a variety of colors, and they were the shape of little scales. Because he was not a thief, the dog did not take these—but he asked the other animals where the farmer obtained new ones.
It turns out, the farmer could make seeds by putting them in the ground, waiting for plants to grow, then taking more seeds from the stalks. Knowing this, the dog borrowed some seeds and did the same, accompanying the farmer’s eldest son on his daily work. As the youth worked, the dog moved alongside him, digging holes for seeds with his paws and planting them carefully with his mouth. It was an amusing scene, watching the dog work.
The farmer’s eldest son found the dog’s actions quite amusing—then incredible as the dog went out each day, gripping a watering can in his teeth. The little dog watered each seed, just as the farmer did. He learned to weed and fertilize. And eventually the dog was rewarded with his own small crop of colorful seeds.
After replacing what he’d borrowed from the farmer, the dog got himself wet and rolled in his seeds, sticking them all over his body. He then presented himself to the other dogs. ‘Do you admire my wonderful new scales?’ he asked his fellow animals. ‘Do I not look like a dragon?’ They, in turn, laughed at him. ‘Those are not scales!’ they said. ‘You look stupid and silly. Go back to being a dog.’
The dog slunk away, feeling foolish and hurt. He had failed at his first task, to have scales like a dragon. The dog, however, was not daunted. Surely if he could speak with the grand voice of a dragon, they would all see. And so, the dog spent his free time watching the children of the farmer. There were three. The eldest son, who helped in the fields. The middle daughter, who helped with the animals, and the toddler—who was too young to help, but was learning to speak. They were all working in the yard—the farmer’s wife, who was taller than the farmer. A youth, lanky and assiduous. A daughter who would someday share her mother’s height. A baby who toddled around the yard, tended by them all as they did their chores.
Anyway, the dog figured that the best way to learn the language of men was to study their youngest child. So the dog played with the baby, stayed with him, and listened as he began to form words. The dog played with the daughter too, helped her with yard work. He soon found he could understand her, if he tried hard. But he couldn’t form words. He tried so hard to speak as they did, but his mouth could not make that kind of speech. His tongue did not work like a human tongue. Eventually, while watching the tall and serious daughter, he noticed she could make the words of humans on paper. The dog was overjoyed by this. It was a way to speak without having a human tongue! The dog joined her at the table where she studied, inspecting the letters as she made them. He failed many times, but eventually learned to scratch the letters in the dirt himself.
The farmer and his family thought this an amazing trick. The dog was sure he had found a way to prove he was becoming a dragon. He returned to the other dogs in the field and showed them his writing ability by writing their names in the dirt. They, however, could not read the words. When the dog explained what writing was, they laughed. ‘This is not the loud and majestic voice of a dragon!’ the dogs said. ‘This is speaking so quietly, nobody can hear it! You look silly and stupid. Go back to being a dog.’ They left the dog to stare at his writing as rain began to fall, washing the words away. He realized they were correct. He had failed to speak with the proud and powerful voice of the dragon.
But there was still hope, if the dog could just fly. If he could achieve this feat, the dogs would have to acknowledge his transformation. This task seemed even harder than the previous two. However, the dog had seen a curious device in the barn. The farmer would tie bales of hay with a rope, then raise or lower them using a pulley in the rafters. This was essentially flying, was it not? The bales of hay soared in the air. And so, the dog practiced pulling on the rope himself, and learned the mechanics of the device. He found that the pulley could be balanced with a weight on the other side, which made the bales of hay lower slowly and safely.
The dog took his leash and tied it around him to make a harness, like the ones that wrapped up the hay. Then he tied a sack slightly lighter than he was to the rope, creating a weight to balance him. After using his mouth to tie the rope to his harness, he climbed to the top of the barn’s loft, and called for the other dogs to come in. When they arrived, he leaped gracefully off the loft. It worked! The dog lowered down slowly, striking a magnificent pose in the air. He was flying! He soared like the dragon had! He felt the air around him, and knew the sensation of being up high, with everything below him. When he landed, he felt so proud and so free.
Then the other dogs laughed the loudest they had ever laughed. ‘That is not flying like a dragon!’ they said. ‘You fell slowly. You looked so stupid and silly. Go back to being a dog.’
This, at long last, crushed the dog’s hopes. He realized the truth. A dog like him simply could not become a dragon. He was too small, too quiet, too silly.
What was that?
The dog looked up, confused. He heard noises. Sudden shouting? Yells of panic?
The dog raced out of the barn to find the farmer and his family huddled around the small farmyard well, which was barely wide enough for the bucket. The dog put his paws up on the edge of the well and looked down. Far below, in the deep darkness of the hole, he heard crying and splashing. A pitiful, gurgling cry was barely audible over the splashing. The littlest child of the farmer and his wife had fallen into the well, and was drowning. The family screamed and wept. There was nothing to be done. Or … was there?
In a flash, the dog knew what to do. He bit the bucket off the well’s rope, then had the eldest son tie the rope to his harness. He wrote ‘lower me’ in the dirt, then hopped up onto the rim of the well. Finally, he threw himself into the well as the farmer grabbed the crank.
Lowered down on this rope, the dog ‘flew’ into the darkness. He found the baby all the way underwater, but shoved his snout in and took hold of the baby’s clothing with his teeth. A short time later, when the family pulled him back up, the dog appeared holding the littlest child: wet, crying, but very much alive.
That night, the family set a place for the little dog at their table and gave him a sweater to keep him warm, his name written across the front with letters he could read. They served a feast with food the dog had helped grow. They gave him some of the cake celebrating the birthday of the child whose life he had saved.
That night, it rained on the other dogs, who slept outside in the cold barn, which leaked. But the little dog snuggled into a warm bed beside the fire, hugged by the farmer’s children, his belly full. And as he did, the dog sadly thought to himself, ‘I could not become a dragon. I am an utter and complete failure.’
Making mistakes is a natural part of life.
Being stupid is a choice.
Philip
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on My telegram reshares
Why I bought Mynews & Kawan... another foray into trading gimmicks
Created by Philip ( buy what you understand) | Sep 30, 2022
HOW TO BUY LEAPS OPTION CALLS. No genting, no problem
Created by Philip ( buy what you understand) | Feb 25, 2021
My thoughts on palm oil industry. And the recent drop in palantir results.
Created by Philip ( buy what you understand) | Feb 17, 2021
MY BIG PURCHASE FOR 2021. THE COMPANY THOMAS EDISON FOUNDED.
Created by Philip ( buy what you understand) | Feb 10, 2021
My pump and dump stock for 2021 - foreign dumping edition
Created by Philip ( buy what you understand) | Jan 05, 2021
Discussions
1 person likes this. Showing 50 of 134 comments
well, auditors liase with audit committe members is exactly what the Bursa rules says are the functions of audit commitee members.............
2021-06-16 12:39
its perverse to accuse KPMG some how of incompetence when auditors do exactly as Bursa/ sc rules intends them to do.
2021-06-16 12:41
Philip ( buy what you understand)
I will reserve further comment until I get the EY independent review report.
Remember what happened to delloite
>>>>>>>>>
qqq3333 its perverse to accuse KPMG some how of incompetence when auditors do exactly as Bursa/ sc rules intends them to do.
16/06/2021 12:41 PM
2021-06-16 13:55
Philip ( buy what you understand)
Najmat Al maisan technical services? Fake company eh? Thanks for the sharing. More research to do.
>>>>>>>>>
probability your judgement here is valid, however the fake company najmat llc was a big blow to trust serba..
2021-06-16 13:56
Philip can buy as mani bonds n stocks as U like. Just keep on buying please. They are all yours !
2021-06-16 14:01
If Philip lost in Serba, he lost just a few millions only lah. His overall all portfolios are still intact.
2021-06-16 15:44
that is why don't just follow rich old men just because they are rich. As China says, every one is at a different stage of development
2021-06-16 16:15
last few years, Pchem, Serba, yinson Gkent is a preservation of wealth portfolio, not a money making portfolio
2021-06-16 16:42
last few years, u got $ 100 million, bursa where to put money with preservation in mind?
surely not easy.
very tough if u intend to invest and not sell
2021-06-16 17:36
For Najmat Al Maisan Technical Services LLC, is it really under ICT contract? On serba announcement it seems its under o&m segment: Provision of plant maintenance services, safety relief valve and other associated rotating equipment. add on services with ICT? Kpmg did not say Najmat Al Maisan is a fake company instead KPMG raised scepticism because Najmat Al maisan is not IT related company. Serba reply was that Natmaj is their sponsor's company who received contracts but doesn't have ict background. This is weird. I am also curious who have further studies on this?
https://www.thesundaily.my/business/serba-dinamik-secures-nine-foreign-contracts-BY5450663
2021-06-16 20:07
As a person into IT, I've never seen such a badly designed website by the Serba IT team. Their apps are... shall I say, rubbish.
First, let's look at the website, their so called IT for O&G with VR tech and customized solutions or whatever. No screenshots of the software, no real life demo of how the software+hardware works, no downloadable demo, no detailed explanation of what the software is capable of, just lots of meaningless bullet points. This is worse that a fake software website, at least you get more details from a fake software website.
https://serbaitsolutions.com/customized-solutions/
Look at Huawei's O&G solution, got 'Get Pricing/Info', got 'Case Study', you can download 'Brochure and Data Sheets'.
Baker Hughes also have something similar with lots of detailed explanation of what their software and solution do.
Serba? only fancy animation, nothing more. Makes me wonder what is going on.
Second, their IT office in India is in an Apartment? and their office address in Australia is a PO Box? Seriously? Okay, never mind, maybe they just branch off and dont want to waste money.
Third, Karim appears to be desperate to turn Serba into an IT company. In an article in theedge, Serba said they will put the block 7 project under the IT section and not EPCC. I find this very deceiving. I can accept if part of it goes to EPCC and part of it goes to IT if Serba does supply some IT stuff, but 100% goes to the IT department? He is trying too hard hoping investor will re-evaluate Serba with higher PE on par with the tech companies.
2021-06-16 20:39
Uncle Philip, I have no idea how you buying Serba correlates to your story of The Dog.
The Dog was silly to try to be a Dragon, to go out of its capabilities, out of "circle of competence". But then again, had The Dog not tried and fail, it wouldn't land itself in a better situation.
So, you're saying if investors don't try to catch the bottom, they won't enjoy the technical rebound of Serba like you did?
I remember how you vilified Jon Choivo when he pointed out some issues he found on Serba then. Had you not attacked him ferociously, forcing him to tone down his thesis, more investors would have taken more notice of such risks in Serba. I'm sure some investors following your total conviction on Serba would have lost substantial amounts of money and in limbo now.
My guess for you writing this article is if Serba is found innocent, you'd chide others who didn't buy during discount day. And in the event Serba is found guilty (if ever), then you'd say, hey I didn't expect it to be that way, not my fault.
2021-06-16 20:51
Anyway Serba Dinamik logo is very ugly... as in very very very 80s. Also, their name is bad. Serba sounds like 死吧 in Mandarin. For those that dont read mandarin, it means 'Please Die'
2021-06-16 21:00
DannyArcher. Logo ugly is forgivable, just like Jack Ma can't decide his look haha.
However, being someone from the 70s, tq for pointing out SD website. For me, they won't look different.
But i am sure you are wrong. Uncle Karim company can even go space leh. After 1st after Malaysia's world first flying car. I am postponing my Australia PR because Malaysia now got flying car and going space. Uncle Karim will be richest man in the world taking over Elon Mask
2021-06-16 22:29
How China Lost Patience with Its Loudest Billionaire
https://www.youtube.com/watch?v=Bmsz3Jn8z2Q
2021-06-16 22:33
CynicalCyan.
I believe one who promote certain stock is wrong only if he knowingly induce people to buy or sell with malice.
Not when you are convinced with it.
So, only God knows and the person knows.
However, i believe karma will strike such people
2021-06-16 22:41
KYY is reckless risk taker. He win big and loss big. He had been cheated by many insiders so are many people feel been cheated by KYY. Action and reaction at play.
2021-06-17 08:34
Sslee. I reckon you are bias when it comes to KYY haha.
Now, a person came out and said the oil price has no effect on maintenance (Even if i assume he was misled by O&G people on this, his IQ should be lower than 80 to believe it), then after 2 weeks he declared he sold all Dayang. Probably you could enlightened me if there's no malice?
2021-06-17 09:46
Not to SSlee. I suspect SSlee fallen in love with KYY. Love is blind haha
2021-06-17 09:51
Haha,
My take on KYY.
https://klse.i3investor.com/blogs/Sslee_blog/2021-03-06-story-h1542059619-The_truth_Is_Mr_Koon_Yew_Yin_your_friend_or_foe.jsp
2021-06-17 09:59
Is Xingquan a Good Bet? Koon Yew Yin
Author: Koon Yew Yin | Publish date: Tue, 5 Sep 2017, 9:21 PM
As you know, Xingquan was trading at between 2 sen to 5.5 sen in early June 2017. I bought a total of 50.5 million shares at an average price per share of 3.5 sen. I bought almost all the shares traded.
As you also know, Xingquan has been selling between 10-13 for some time and I have been accumulating it. Last year annual report shows that I have accumulated 36.4 million shares. Now I have a total of 86.9 million shares and my average price per share is 6.85 sen.
Is 6.85 Sen Per Share a Good Bet?
I recall that CIMB was the under writer at Rm 1.70 for its IPO about 7 years ago and the auditors was and still is SJ Thornton of Singapore. I remember its retired senior partner a Chartered Accountant, is my cousin who is also 84 years old like myself.
You can see in its latest accounts that its NTA is Rm 1.90 per share with a lot of cash in the bank. I cannot believe the company could simply cooked the books to bluff the highly respected auditors for so many years.
I visited Xingquan’s factory in Fujian. It used all its money from the IPO to build a large factory with hostel accommodation for 2,000 workers. These assets must have appreciated many folds.
The Question is Can I Trust CIMB and the Auditors?
I noticed that most of the shareholders complained that the company gave them very little dividend at every AGM and they do not believe the audited accounts is true. If only the company gives out a little more dividend the share price would be different.
It has been selling about 10 sens for quite a long time and I have been buying.
A few months ago when Securities Commission issued notice to Xingquan to submit the 3rd accounts or it would be suspended, its price dropped to 2 sen and I bought almost all the shares traded. I bought a total of 50.5 million shares at an average price of 3.5 sen.
According to Bursa announcement, Xingquan did not submit its 3rd quarter accounts in time because its accountant’s contract was not renewed. As a result, many shareholders rushed to dump their holdings.
The company announced that it is looking for a suitable accountant to be able to submit its 3rd quarter accounts.
It is only natural, one day the controlling shareholder will sell all the company’s assets to benefit themselves and all the shareholders. Its audited accounts shows that its NTA is Rm 1.90.
I can imagine the amount I will make from my 86.9 million shares, costing me 6.85 sen per share. I will be laughing all the way to my bank.
In any case, there is always some risk in buying any share. I think Xingquan is a good bet.
2021-06-17 10:00
Xingquan is a Good Bet - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Fri, 8 Sep 2017, 11:26 AM
I am sorry that I made a mistake in calculating my average cost per share in my previous article “Is Xingquan a good bet?”.
Xingquan was listed in 2009 with CIMB as the under writer at Rm 1.75 per share. I did not buy any share in 2009 and its it's 2009 annual account shows that I did not hold any shares.
As you know its price has been falling quite rapidly ever since the company was listed. I started buying it in 2010 when the price fell below Rm 1.00. Its 2010 annual account shows that I had a total of 17,005 million shares. I think my average price is about 70 sen per share.
(1) My cost is 17.005 X 0.70 = Rm 11.9 million and the price is falling rapidly ever since my purchase.
As you know, Xingquan has been selling around 10- 12 sen per share for a long time and I bought 19.4 million shares at an average cost of 11 sen per share.
(2) My total cost is 19.4 X 0.11 = Rm 2,13 million.
When SC gave notice of suspension, its price plunged to trade between 2-5 sen per share and I bought 50.5 million shares, almost all the shares traded during those few days.
(3) My total cost is 50,5 X .035 = Rm 1.77 million.
The total of (1) + (2) + (3) totalling 86.9 million shares costing Rm 15.8 million
My average cost is Rm 15.8 divided by 86.9 = 18 sen per share.
There is always some risk in buying any share. They say ‘No risk no gain and the higher the risk the higher is the gain”. There is also a saying “The higher you climb, the bigger you fall”. Which is right?
The game is not over yet!
Unlike the case of VS Industry; very few people knew that I had been buying VS so aggressively until I became the 2nd largest shareholder, holding 102 million share, as shown in its 2015 annual report. The price of VS shot up 550% within 18 months.
Now I am in the lime light. The whole investing community thinks that I am crazy.
At the same time, they also know of my successful track record.
The road to my successful track record is knowledge, confidence, willing to take calculated risk and patience.
If you are patient you can buy cheaper or sell at a higher price.
The reasons why I am willing to take the risk of buying so much of Xingquan shares are:
I visited Xingquan’s factory in Jinjiang, Fujian, China. Although I was so impressed, I did not start to buy Xingquan shares because I practise what I preach-patience! Patience! Patience!
Xinguan received more than Rm 100 million from the IPO and it spent it on building a huge factory with all the ancillary facilities and 7 blocks of flats to accommodate 3,000 workers on a very large piece of land given the Chinese Government for a song. The company also has 110 distribution outlets in some of the shopping malls in the larger towns and cities in China. All these assets would have appreciated by now and they belong to all the shareholders. All these solid assets cannot disappear in thin air.
That is why the audited account shows that its NTA is Rm 1.90 per share. Moreover, it has cash and no bank borrowings.
In early June, when so many people were rushing to sell before its suspension, I took the risk to buy 50.5 million shares, almost all the shares traded during the few days.
I was told the controlling shareholder is making preparation to comply with the rules of SC in order to relist the company.
Another possibility is that the controlling shareholders do not want to relist the company to avoid all the hassle. In this case, I will be holding shares of a Sdn Bhd company, just like most business men doing businesses in Malaysia.
I believe in human nature. Eventually, the controlling shareholders will want to realise their profit from their investment. As a result, I will get my share of the profit. I hope I am right!
2021-06-17 10:02
KYY bought from RM1.50+ to RM0.025 b4 Xinquan suspended n delisted, despite my noble advices to him during the said 2 to 3 years, though he always cursed me on my bad England n my financial status (not bad lah but cant compare to him....)
At the end RM15.8M is gone.
Philip at worst lose few millions only in Karim's stocks n Serbak junk bonds...sup sup suai lah
2021-06-17 10:08
Why Am I Buying Xingquan? Koon Yew Yin
Is Xingquan a Good Bet? Koon Yew Yin
Xingquan is a Good Bet - Koon Yew Yin
Why I bought even more SERBADK bonds and stocks- Philip
Deja Vu?
Hope Philip will not follow the same fate ah.....amen
2021-06-17 10:11
Maybe...
Another plus point is Philip knew some internal staff of Serbak...may got insider news...
But I m not sure whether his insider is Karim or office boy or tea lady lah
2021-06-17 10:27
u mean rich old men? other things can change but money matters cannot change. serve u so well why change?
2021-06-17 10:28
Aokam Transmile Serba is part of the package together with all the successes.... no Yin no yang.
2021-06-17 10:31
me? I think I have under perform my ability.... I think I should be richer than kyy and Philip combined if only......
2021-06-17 10:54
Haha qqq3 if only you have invested in bitcoin and amazon 10 years ago you will be by now richer than kyy and Philip combined.
2021-06-17 19:41
https://klse.i3investor.com/blogs/koonyewyinblog/2020-05-23-story-h1507806755-Trump_lost_his_way_groping_in_the_dark_Koon_Yew_Yin.jsp
Xingquan delisted from Bursa
This reminds me of Xingquan International Sports Holdings delisted from Bursa Malaysia for noncompliance with SC listing rules. The company failed to submit audited annual report. CIMB was the underwriter at Rm 1.60 for its IPO and the company raised more than Rm 100 million. CIMB invited me to visit its factories in Xiamen, China. I have more than 100 million shares and I have engaged a legal firm called Chan & Associates to recover my loss. Unfortunately, this is another one of my bad investments.
His final confession is he owns more than 100M shares of Xinquan, its not 86.9M shares as stated in his post dated 08 Sep 2017.
All these high ego oldmen likes to lie.....
2021-06-27 06:11
stockraider, next KYY will become day trader. He is lost too deep in the forest.
CharlesT, I did some search and wow, Addnice seems to be gone, and Gertop seems to be operating.
https://gertop.world.tmall.com/shop/view_shop.htm?spm=a230r.1.14.89.213c381438bzZe&user_number_id=836733927
2021-06-27 11:35
https://klse.i3investor.com/blogs/Sslee_blog/2021-03-23-story-h1542931251-Justice_for_Xingquan_minority_shareholders.jsp
My last email to SC on Xingquan.
2021-06-27 13:29
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
One App To Trade Malaysia & US Stock With 0* Commission
Apps
Top Articles
1
Good Articles to Share
Malaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest City
2
3
4
5
Alphabulltrading
6
save malaysia!
7
THE INVESTMENT APPROACH OF CALVIN TAN
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
your judgement here is valid, however the fake company najmat llc was a big blow to trust serba...
hundred of millions transaction with this company alone
too many companies with having just google email id
Posted by Philip ( buy what you understand) > Jun 16, 2021 9:43 AM | Report Abuse
521 versus 521W. Really?
It is like going to ss15 and saying the house there is wrong, when you were supposed to go to ss15/2...
And if you don't even check back and review your " investigations" with management but straight become whistleblower to independent directors... I am waiting for egg on face.
2021-06-16 12:22