KMPG is not God they are equally fallibile. KMPG was replaced by MBSB and Petron as their external auditor this year and replaced by PWC. Not forgetting KMPG worldwide biggest client GE drop them and replaced them as the independent external auditor. Brand name ? good but field work & audit is ????

Interesting KMPG was replaced both by Petron Malaysia and MBSB this year as their external auditor and replaced by PWC. Now followed by Serba

Still remember the rights issue at 40sen at the end of 2018. 1 rights for every 5 existing share. CCP sweet talk and give a glowing review about exciting new ventures .

Today sentiment bad.penny stocks all hit hard

Analyst recommendations are somewhat like pasar malam hawkers "follow the winds." last year glove stocks was the darling .this year "ham ka ling"

LTAT option play either Bstead or Bplant.

CCP trying to save & salvage his own companies using GP funds

Boustead shooting up

Hope 94-95 sen is the bottom

Getting lower day by day { eversince PP price news out }

Post removed.Why?

if PP price at 87 . Bad for minorities plus big 4 { TG ,Super, Harta , Kossan } sentiment down.

GE { USA } dumps KMPG and appoint Deloitte as the new independent auditor replacing KMPG for 2021. KMPG was GE auditor for the past 100 years

Private placement offering 83.23 million shares

EY disagreed with KMPG

The press statement " Serba suing KMPG for negligently red flagged issues " the group is seeking punitive and aggravated damages from KMPG for breach of contract and negligence. External auditor KMPG did not respond or comment. The Crux of the KMPG subject they are not able to verify certain contracts and transaction with 11 customers of the group. Possibilities link to pandemic outbreak and movement control imposed in most countries. Have they { KMPG contacted, visited or interview the parties individually}

DJ index jump + 500 points. Gloves still stagnant

DJ index jump + 500 points. Gloves still stagnant

2 school of thoughts. Cut loss or hold. Risk and reward is something which all of us have different criteria or appetite. Just like a game of poker. Who holds the winning hand or the last card will showed hand

Looks like GP following MMAG trend trending from 25 sen to 17-18. both operate in the same ICT and software

Glove stock facing headwind and bad sentiment

Sentiment bad today everthing down

Oil price strong but local market drop like shit

Bad sentiment facing glove stocks

Asked any KMPG interns past experience. Good brand name but bad work culture. over load work,long working hours , odd hours, no balance work life.this are the interns send out to do the field

Drop for the past 7 -8 days

SCR follow MMC

CEO { Syed Zainal } is a hands on entrepreneur cum engineer not a bureaucratic guy

Yes. At this point & price level 67-68 .what else can we do

Yes.but the price drop like a brick from 1.61 to current 67-68 { KMPG dragged serba, Kpower,Scib } far reaching impact if KMPG accuracy and veracity is tested by EY and ind directors review

Asp gloves dropping .look at TG and supermax chart pattern { just my own take }

Need to wait in the afternoon

The 3 newly appointed ind directors heading the committee would not have agreed to thier appointment if they had any interest with Serbak.highly reputable individuals. One is former SC board member, another is from a state fund board, last one is a seasoned corporate player.last but not the least EY us the independent reviewer on the audit { to verify and review } the accuracy and assess the veracity. Veracity of KMPG

Abdul Kadier the second largest shareholder in Serba is a self made man. Started off working in SEDC ( state economic board } before venturing into own business. Believed to have close ties with State .member of PPB

MSWG { CEO } mentioned Serba is entitled to have an third party independent review on KMPG { rarely MSWG voiced out to support a company } something is not right with KMPG

Foxconn { Hon Hai } is a reliable and reputable name. buying into Dnex showed they have map out plans for silterra

EGM forthcoming good news announcement

Imagine 3 additional ind directors on the board. I from KWSP, another past SC board member .third one from Sarawak State investment fund. Bingo

Yes Toyota totally agreed. Invest in Dnex and prosper together

If one of the 3 new ind directors come from KWSP .a great booster for Serba shares

Alot of retailers get shot and shit in their pants

Related to Awang dragged down by bad serba perception

Hon Hai offer Silterra exclusive contract manufacturing ?

Hon Hai is not stopping at 5% .they need to top to 10% to ask for Board representation

Everything in Malaysia is link politically. Look how Cimb take over SBB bank. How KFC { CG loo } lose the franchise, how Etronas pump in money to BMF and not forgetting MAS airlines saga. Sarawakians is the new power brokers or king maker

KPMG causes ??? Collapse of the Serba , Kpower,, Scib and other related counter share prices. Investors lose millions or billions wipe off kLSE market capitalization if serba doesn't have a case to answer .big big question and behind the scene negotiating.

Kanenites : great article. JIT inventory has impacted all sectors { not only car manufacturers or even the home appliances } it cut across all business with the chips manufacturing seriously hampered by the China -US trade dispute and the high start up cost

Warchest : totally agreed with the figs. May I add Bplant prai estate is a very valuable tract of land fronting the NS Highway. great potential & loads of suitor from northern property players

Those want to throw already throw the past 3 days

The private placement at 72 sen to a third party is huge .Not small change potentially can raise up to 720 million - 1.4 billion in multiple tranches. Expect multiple sovereign state funds with deep pockets to subscribe