7chewe

7chewe | Joined since 2021-03-14

Investing Experience -
Risk Profile -

Followers

0

Following

0

Blog Posts

0

Threads

397

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
397
Past 30 days
0
Past 7 days
0
Today
0

User Comments
Stock

2021-07-07 09:42 | Report Abuse

good news is no more FORCE selling frm director
small ups and downs is normal day sell/buy

the worst have gone for serbadk
now is the brighter shining day....

WE bilis-UNITED is the savior
do not wait until SHARK come and rescue
new emerging major shareholder can appear anytime onwards

Pak Karim can also waiting BUY back

until then, GRAB!!!

haha enjoys the show
MORE to come

Stock

2021-07-07 07:38 | Report Abuse

Serba to rid 2 burdens off its chest soon: New external auditor and INEDs

2-2 minutes 7/6/2021

HAVING cemented the appointment of its special independent reviewer in Ernst & Young Consulting Sdn Bhd (EY) last Friday (July 2), Serba Dinamik Holdings Bhd now targets to appoint its new external auditor by end-July 2021.

In response to a status update required by Bursa Malaysia, the board of the global integrated oil & gas (O&G) outfit said it had submitted the request of proposal for provision of external audit to international audit firms on June 27.

“In conjunction (with this), the company will make an immediate announcement to this effect immediately upon the finalisation of appointment of the new auditors,” Serba Dinamik pointed out in a stock exchange filing.

On the same note, the company’s board noted that it has also requested a meeting with the Companies Commission of Malaysia (SSM) for a consultation in relation to the appointment of its external auditors pursuant to Section 272 of the Companies Act 2016.

Recall that, KPMG PLT has quit as Serba Dinamik’s external auditor with immediate effect on June 24 pursuant to Section 281 of the Companies Act 2016 (CA 2016).

In a related development, the company said it has identified two new independent directors with a Bursa Malaysia announcement “to be made on Thursday (July 8)”.

“The board has finalised the two names – that of one man and a woman – who are both experienced individuals and subject matter experts in governance and integrity and risk management,” a source close to the top management told FocusM

https://focusmalaysia.my/serba-to-rid-2-burdens-off-its-chest-soon-new-external-auditor-and-ineds/

-----------------------------------------------

LETs REcap

2 NEW INEDs : 8th July
NEW Auditors : 4th week July

We ride on this NEWS...
Today tomorrow and FRIYAY!
TP 0.6-0.75

We bilis-UNITED
here we come

PAK Karim BUY back shares
Possible new emerging major shareholder

HOT stock SerbaDK of the month

your money
your call

pessimist will still be there
sceptic will always be there
haters is there

HAPPY queuing before 9AM!
Happy morning :)

Stock

2021-07-06 22:07 | Report Abuse

CONFIDENT OF WIN

https://themalaysianreserve.com/2021/07/05/serba-dinamiks-group-md-confident-of-winning-legal-case-against-kpmg/

https://www.airtimes.my/2021/07/05/seerba-dinamik-yakin-mampu-pulihkan-kepercayaan-para-pelabur/


BUY BACK SHARES

https://focusmalaysia.my/share-buyback-by-two-serba-dinamik-founders-on-the-cards/

https://focusmalaysia.my/serbas-founder-doesnt-want-to-miss-the-fun-in-its-share-price-recovery/


EY as IR

https://www.theedgemarkets.com/article/serba-dinamik-share-price-opens-after-co-said-formalised-eys-appointment-special-independent


SDK as fundamental strong co.

https://dagangnews.com/segmen-it-operasi-dan-penyenggaraan-serba-dinamik-pamer-prestasi-teguh-7094

https://focusmalaysia.my/to-doubt-or-not-to-doubt-its-high-tech-bau-at-serba-dinamik/


SDK as fundamental strong co.

https://www.airtimes.my/2021/07/03/think-globally-act-locally-serba-dinamik-tabur-jasa-kepada-masyarakat-tempatan-dan-antarabangsa/


Massive strong volume traded (HOT STOCK)

https://dagangnews.com/deadline-bursa-dipenuhi-saham-serba-dinamik-rancak-didagangkan-7077



In terms of hot stocks, Shiba Power (SERBADK, 5279, Main Board Energy Group) occupies the hot list. The stock rebounded by 10 sen or 25.97% to 48.5 sen, with up to 897,233,300 shares changing hands. Its Shiba Power WA (SERBADK-WA, 5279WA, warrants) also rose 2.5 cents to 12 cents, with a total trading volume of 317,517,600 shares.

The managing director and chief executive officer of Shiba Power Group, Dato' Mohd Kalin-related companies Weili (KPOWER, 7130, Main Board Consumer Product Service Group) and Sarawak Concrete (SCIB, 9237, Main Board Industrial Product Service Group) respectively It rose by 3.5 sen and 3 sen to 84.5 sen and 95 sen, ranking fourth and sixth in the popular list.

https://www.sinchew.com.my/content/content_2506406.html


New INEDs (8th July) and New Auditor (4th W July)

https://focusmalaysia.my/serba-to-rid-2-burdens-off-its-chest-soon-new-external-auditor-and-ineds/



https://www.thestar.com.my/business/business-news/2021/07/06/serba-dinamik-to-appoint-new-auditors-by-end-on-this-month

-----------------------------------------------------------

JUST TO RECAP...

Good nite folks...

Your money
Your call

Good Job PAK Karim
He is very good in creating interest...
1.7B vol in 1st July
till 1.5B on Monday

The SAGA shall continues....

whilst....LETs ENJOY the RIDE, while making profit in between...

CLAP CLAP
CLAP to all you guys both suppoters and haters ;-)

Stock

2021-07-06 20:12 | Report Abuse

Tomorrow is the time to RELOAD additional BULLET

NOW or NEVER!

pessimist is always be there,
haters gonna be there,

ITS you who make the call
YOUR Money
your decisions

BRING IT ON GUYS!

ride on the GOOD news first!

Stock

2021-07-06 20:08 | Report Abuse

Serba to rid 2 burdens off its chest soon: New external auditor and INEDs

Cheah Chor Sooi3-4 minutes 7/6/2021

HAVING cemented the appointment of its special independent reviewer in Ernst & Young Consulting Sdn Bhd (EY) last Friday (July 2), Serba Dinamik Holdings Bhd now targets to appoint its new external auditor by end-July 2021.

In response to a status update required by Bursa Malaysia, the board of the global integrated oil & gas (O&G) outfit said it had submitted the request of proposal for provision of external audit to international audit firms on June 27.

“In conjunction (with this), the company will make an immediate announcement to this effect immediately upon the finalisation of appointment of the new auditors,” Serba Dinamik pointed out in a stock exchange filing.

On the same note, the company’s board noted that it has also requested a meeting with the Companies Commission of Malaysia (SSM) for a consultation in relation to the appointment of its external auditors pursuant to Section 272 of the Companies Act 2016.

Recall that, KPMG PLT has quit as Serba Dinamik’s external auditor with immediate effect on June 24 pursuant to Section 281 of the Companies Act 2016 (CA 2016).

In a related development, the company said it has identified two new independent directors with a Bursa Malaysia announcement “to be made on Thursday (July 8)”.

“The board has finalised the two names – that of one man and a woman – who are both experienced individuals and subject matter experts in governance and integrity and risk management,” a source close to the top management told FocusM.

“Both names are very important to Serba Dinamik in order to enhance and strengthen its board composition. This is definitely a good sign to restore confidence of shareholders. The management has nothing to hide and will allow its independent directors to protect the interest of its shareholders at all cost.”

To re-cap, Serba Dinamik’s pool of independent directors has shrunk to only two at present after five of its independent non-executive directors (INEDs) resigned from its board on June 24, including recently appointed Masleena Zaid.

The other four were old guards who had cited differences in opinion that they had with the decisions made by the board which in their views were not to the best interest of the company.

The four INEDs were Tengku Datuk Seri Hasmuddin Tengku Othman, 59; Hasman Yusri Yusoff, 60; Rozilawati Basir, 50; and Sharifah Irina Syed Ahmad Radzi, 44.

On a brighter note, Serba Dinamik has extended its gain for the second day running this week after inching up 2.5 sen or 5.15% to 51 sen with a heavy volume of 1.08 billion shares which thus valued the company at RM1.9 bil.

“Prevailing strong buying interest coupled with no incidence of forced selling by company founder Datuk Dr Mohd Abdul Karim Abdullah has enabled the share price to close in the green for three consecutive days (since Friday, July 2) now,” a market observer told FocusM.

“There were some profit taking activity in the afternoon part but was well absorbed by strong buying interest from retailers. Technically, we can expect 48.5 sen to be a strong support level although there could be more upside potential in the next few weeks.” – July 6, 2021
_____________________________________________________

AUDITORS by 4th week JUL
INEDs by this week by JULY 8 THURSDAY
Director BUY back share
Emerging of new major shareholders
Bilis UNITED keep buying more..
no more FORCE Selling news today...

haha... MORE to come

STAY TUNE....
HOLD, just...

PAK Karim on the right move....

until the verdict come:
IR results
QR by OCT

LETs ENJOY THE RIDE....

Stock

2021-07-06 19:33 | Report Abuse

Serba Dinamik to appoint new auditors by end on this month

1-1 minutes 7/7/2021
KUALA LUMPUR: Serba Dinamik Holdings Bhd told Bursa Malaysia today that it has submitted request of proposal for the provision of external audit to international audit firms on June 27.

"The Board is targeting to appoint the new auditors by end July 2021," Serba Dinamik said in a reply to the exchange's query.

"The Board also wishes to further inform that the company, on July 2, has requested a meeting with Suruhanjaya Syarikat Malaysia (SSM), for a consultation in relation to the appointment of external auditors pursuant to Section 272 of the Companies Act 2016," it added.

Serba Dinamik is in the midst of appointing a new external auditor following the resignation of KPMG on June 24.Serba Dinamik to appoint new auditors by end on this month
1-1 minutes 7/7/2021
KUALA LUMPUR: Serba Dinamik Holdings Bhd told Bursa Malaysia today that it has submitted request of proposal for the provision of external audit to international audit firms on June 27.

"The Board is targeting to appoint the new auditors by end July 2021," Serba Dinamik said in a reply to the exchange's query.

"The Board also wishes to further inform that the company, on July 2, has requested a meeting with Suruhanjaya Syarikat Malaysia (SSM), for a consultation in relation to the appointment of external auditors pursuant to Section 272 of the Companies Act 2016," it added.

Serba Dinamik is in the midst of appointing a new external auditor following the resignation of KPMG on June 24.

https://www.thestar.com.my/business/business-news/2021/07/06/serba-dinamik-to-appoint-new-auditors-by-end-on-this-month

AUDITORS by 4th week JUL
INEDs by this week b4 FRIYAY
Director BUY back share
Emerging of new major shareholders
Bilis UNITED keep buying more..
no more FORCE Selling news today...

haha... MORE to come

STAY TUNE....
HOLD, just...

PAK Karim on the right move....

Stock

2021-07-06 17:01 | Report Abuse

Steady Punpipi 7chewe ...pls share more positive news ya
06/07/2021 4:49 PM

Haha sure...

More to come...

Stock

2021-07-06 16:55 | Report Abuse

last 10 minute buying spreee.....no more selling

GOOD indicator for what will happens tomorrow

;)

Stock

2021-07-06 16:48 | Report Abuse

HAPPY to see more supporters SERBADK here.... ;-)

lets have some fun while making some profit....

Stock

2021-07-06 16:35 | Report Abuse

Pak karim buys BACK!

Stock

2021-07-06 16:35 | Report Abuse

SHOW started.....million dollar funds coming.....

Stock

2021-07-06 15:38 | Report Abuse

haters will always be there
pessimist will always there..

your money your call
make your owned calculated risk ;)

Stock

2021-07-06 15:22 | Report Abuse

all counter most ly down trend....KLCI still RED!

so expected, invest101. stay cool

more to come....

Stock

2021-07-06 10:48 | Report Abuse

yesterday volume as at 10.45 ; 2.8 million transaction
TODAY volume as at 10.45am ; 5.3 million transaction



TOO STRONG to deny IT!!!


HOLD HOLD GUYS

LONG GREEN TODAY!

Stock

2021-07-06 10:22 | Report Abuse

ME"ROKET to the NEXT Level

HOLD!!!

it will be a LONGGGGG GREEN today!!!

more good news to come...

Stock

2021-07-06 09:50 | Report Abuse

more million dollar fund just IN....stay tune, the "SHOW" just started

Bilis-UNITED just HOLD!

Stock

2021-07-06 09:47 | Report Abuse

Serba Dinamik share price continues uptrend
Serba Dinamik share price continues uptrend

Ganeshwaran Kana3-3 minutes 7/6/2021

PETALING JAYA: Embattled Serba Dinamik Holdings Bhd’s share price increased by more than a quarter in a day but the stock still has a long way to go to recoup over RM4bil in lost market capitalisation.

The strong surge in share price happened as investors reacted positively to the formal appointment of Ernst & Young Consulting Sdn Bhd (EY) as the group’s special independent reviewer.

Serba Dinamik counter has been on the uptrend for four consecutive trading days, including yesterday.

Nevertheless, the shares are still 70% down from the last price level of RM1.61 on May 25, the day the group announced that its external auditor KPMG had raised an issue on some matters pertaining to an audit.

https://www.thestar.com.my/business/business-news/2021/07/06/serba-dinamik-share-price-continues-uptrend


LET'S RIDE ON THE GOOD NEWS!!!

More to come, HOLD!

Stock

2021-07-06 09:41 | Report Abuse

https://themalaysianreserve.com/2021/07/06/serba-dinamik-gains-on-ey-appointment/

With institutional selling pressure weakening, Serba Dinamik’s share price come off its lows of 39.5 sen but well below its high of RM1.61 on May 25, when the accounting issues flagged by its then external auditor KPMG PLT broke, thus sending the stock down and erased more than RM3 billion in market value.

MORE...good news to come!!!

Stock

2021-07-06 09:23 | Report Abuse

On a lighter vein, yesterday was one of the rare occasions in more than a month when staunch Serba Dinamik supporters – Mabel ‘the cat lady’ and Steady Punpipi – had the last laugh on the popular i3Investor platform as they silenced the ‘haters’.

Good job frends...CLAP CLAP!!! ;)

Stock

2021-07-06 09:21 | Report Abuse

https://focusmalaysia.my/serbas-founder-doesnt-want-to-miss-the-fun-in-its-share-price-recovery/


Serba’s founder ‘doesn’t want to miss the fun’ in its share price recovery
Cheah Chor Sooi3-4 minutes 7/6/2021
SERBA Dinamik Holdings Bhd is putting to test the wisdom of renowned Chinese philosopher Lao Tzu – the journey of a thousand miles begins with one step – by battling the odds to achieve solid revival in the days ahead.

As a starter, the global integrated oil & gas (O&G) outfit did not only beat the Monday blues but outsmarted many pessimists with strong buying interest to close 10 sen or 25.97% higher at 48.5 sen with an astounding 1.49 billion shares yesterday (July 5) – the second highest in its corporate history after an all-time high 1.74 billion shares on July 1.

Profit taking activity was well absorbed judging from yesterday’s trading range of between 39.5 sen and 51.5 sen while its market capitalisation improved to RM1.81 bil.

Meeting Bursa Malaysia’s deadline last Friday (July 2) by cementing its engagement with Ernst & Young Consulting Sdn Bhd (EY) as its special independent reviewer must have added some firepower alongside optimism of the company being able to appoint new independent directors “over the next few days.”

To sum up today’s performance, it is surely a praiseworthy baby step for Serba Dinamik to try to redeem its last traded price of RM1.61 which gave the company a valuation of RM6 bil prior to “all hell broke loose” on May 31 when its share price just headed south while relegating the counter to a penny stock.

On a lighter vein, yesterday was one of the rare occasions in more than a month when staunch Serba Dinamik supporters – Mabel ‘the cat lady’ and Steady Punpipi – had the last laugh on the popular i3Investor platform as they silenced the ‘haters’.

In all frankness, Serba Dinamik still has a tall mountain to climb given the flagging of accounting issues pertaining to its FY2002 statutory audit by the company’s former external auditor KPMG PLT has eroded the confidence of numerous investors from retailers to institutional investors.

Interestingly, despite having to grapple with margin call issue, founder, group managing director/CEO and controlling stakeholder Datuk Dr Mohd Abdul Karim Abdullah rendered “moral support by not wanting to miss out in the buying spree”.

In fact, he lived up to his words that he intends to buy back the shares he was forced to sell earlier due to margin calls.

“Touched by today’s buying support – and even being aware that the company he co-founded in 1993 is not truly out of the woods yet – Abdul Karim felt obliged to chip in his share of buying,” a source close to Serba Dinamik’s top management told FocusM.

“He is now keeping a close eye on the next vital move which is to expedite the appointment of new independent directors to restore the company’s board function with highest integrity.”

Nevertheless, yesterday’s (July 5) Bursa Malaysia filing showed that Abdul Karim parted with a further 32.18 million shares in two tranches (on June 30 and July 1) as well as eight million warrants (on July 1) due to forced selling which brought down his stake in Serba Dinamik to 20.73% from 27.07% prior to the sell-down of the counter. – July 6, 2021

TEASER FOR TODAY!!!

HOLD for more good news.....

Stock
Stock
Stock

2021-07-05 17:04 | Report Abuse

HOLD your breath (within this Friyay latest)

wait for good announcement:

director share buy back
new emerging major shareholder
new INEDs
new auditors

More UP side before TP!!!

clap clap clap

Stock

2021-07-05 16:56 | Report Abuse

today monday blues...

most counter RED, but serbadk green +0.10

so tomorrow when most counter green, SERBADK TRIPLE GREEN

bravo Pak Karim!!! NO TURNING BACK! 1.5B very strong transactions!!!

Stock

2021-07-05 15:27 | Report Abuse

big volume coming IN again!

Stock

2021-07-05 14:47 | Report Abuse

already cross 1 billion transaction!!!

wallawweoiii

Stock

2021-07-05 14:37 | Report Abuse

my prediction TP 0.50 hit early, at 2.35PM wooohoooo

next target 0.75 before Friyay!

after INEDs announcement...

Stock

2021-07-05 14:24 | Report Abuse

https://themalaysianreserve.com/2021/07/05/serba-dinamiks-group-md-confident-of-winning-legal-case-against-kpmg/



https://focusmalaysia.my/share-buyback-by-two-serba-dinamik-founders-on-the-cards/



https://www.theedgemarkets.com/article/serba-dinamik-share-price-opens-after-co-said-formalised-eys-appointment-special-independent



https://dagangnews.com/segmen-it-operasi-dan-penyenggaraan-serba-dinamik-pamer-prestasi-teguh-7094



https://dagangnews.com/deadline-bursa-dipenuhi-saham-serba-dinamik-rancak-didagangkan-7077



https://www.airtimes.my/2021/07/03/think-globally-act-locally-serba-dinamik-tabur-jasa-kepada-masyarakat-tempatan-dan-antarabangsa/



In terms of hot stocks, Shiba Power (SERBADK, 5279, Main Board Energy Group) occupies the hot list. The stock rebounded by 10 sen or 25.97% to 48.5 sen, with up to 897,233,300 shares changing hands. Its Shiba Power WA (SERBADK-WA, 5279WA, warrants) also rose 2.5 cents to 12 cents, with a total trading volume of 317,517,600 shares.

The managing director and chief executive officer of Shiba Power Group, Dato' Mohd Kalin-related companies Weili (KPOWER, 7130, Main Board Consumer Product Service Group) and Sarawak Concrete (SCIB, 9237, Main Board Industrial Product Service Group) respectively It rose by 3.5 sen and 3 sen to 84.5 sen and 95 sen, ranking fourth and sixth in the popular list.

https://www.sinchew.com.my/content/content_2506406.html


SPREAD THE POSITIVITY OF SERBADK!

Stock

2021-07-05 12:18 | Report Abuse

today already surpass market expectations, 0.50

imagine when INEDs being announced...

new auditors being confirmed....

sure me"ROKET" for this week... touching up 0.75 before Friday!!!

Stock

2021-07-05 11:42 | Report Abuse

good news is spreading non stop....more shows after lunch

better buy now!

Stock

2021-07-05 11:34 | Report Abuse

Big fund/Shark just IN....

0.44 Public bank forecast just hit, gonna exceed

0.50 comingggggggggggg

Stock

2021-07-05 10:25 | Report Abuse

haha... haters gonna hate the show....

now 0430

1 1/2 hour UP 0.0.45.

possible to be above 0.5

enjoys....and sell on news another 1-2 days when INEDs been announced

be smart!

Stock

2021-07-05 10:14 | Report Abuse

new show started.....0420

Stock

2021-07-05 10:02 | Report Abuse

https://themalaysianreserve.com/2021/07/05/serba-dinamiks-group-md-confident-of-winning-legal-case-against-kpmg/

Serba Dinamik’s group MD confident of winning legal case against KPMG
5-6 minutes 7/5/2021
Monday, July 5th, 2021 at News

FOR the past few years, Serba Dinamik Holdings Bhd has built its name as a prominent global integrated engineering services provider with presence across SouthEast Asia, Central Asia, the Middle East, Europe, Africa and America.

As a homegrown oil and gas player, the group could be second only to Petroliam Nasional Bhd in terms of the global footprint.

Top and bottom lines have been growing at a cumulative annual growth rate of over 30% in the past five years and investors bought into the meteoric rise of Serba Dinamik.

Mohd Abdul Karim said the company had no abnormalities or difficulties with the external auditors in the past, but 2020 and 2021 have been unprecedented years.

“We have taken legal action to disentangle the differences in terms of opinion between the management and the external auditor”.

Mohd Abdul Karim said the group believes they have a valid case and a very high prospect of winning.

He said if the company did not have very solid reasoning, based on its counsel’s explanation, it would not have taken the legal recourse.

The move was taken “to defend our right, to defend what we believe needs to be done for the betterment of shareholders and stakeholders”, he said.

Stock

2021-07-05 09:34 | Report Abuse

NO turning back, only movin UP!

strong buying...act now

Serba Dinamik share price opens up after formalising EY’s appointment as special independent reviewer

theedgemarkets.com1-1 minutes 7/5/2021

https://www.theedgemarkets.com/article/serba-dinamik-share-price-opens-after-co-said-formalised-eys-appointment-special-independent

Stock

2021-07-05 08:46 | Report Abuse

Share buyback by two Serba Dinamik founders on the cards?
Cheah Chor Sooi3-4 minutes 7/5/2021
SERBA Dinamik Holdings Bhd co-founders Datuk Dr Mohd Abdul Karim Abdullah and Datuk Awang Daud Awang Putera have expressed desire to buy back the shares that they were forced to sell earlier due to margin calls.

Since acquiring five million shares on May 31 to cushion the fall of the global integrated oil & gas (O&G) outfit following the flagging of accounting matters pertaining to the company’s FY2020 statutory audit by its former external auditor KPMG PLT which raised his shareholding to 27.07%, Abdul Karim has been on a ‘selling spree’.

The group managing director/CEO of Serba Dinamik last disposed of 95 million shares in the open market at an average price of 35 sen/share on June 29 due to forced selling which trimmed his stake in the company to 21.59%.

Meanwhile, Awang Daud who is also the non-independent non-executive director of Serba Dinamik parted with almost 27 million shares between June 28 and June 30 – also because of forced selling emanating from margin call – which further reduced his stake in the company to 0.69%.

“Potentially, both shareholders will start to accumulate the stock once they put their margin call issue behind them,” a source close to the company’s top management told FocusM.

“Moreover, the share price of Serba has stabilised substantially in view of strong buying interest from retailers, hence looking ripe for picking.

“Another plus point to consider is that Serba Dinamik will start its formal engagement with EY (Ernst & Young Consulting Sdn Bhd) on Wednesday to start the ball rolling on the jobs scope provided by Bursa Malaysia.”

Recall that the company had officially engaged EY as its independent reviewer to assess the accuracy and veracity of the matters highlighted by KPMG as per Bursa Malaysia’s deadline last Friday (July 2).

In a related development, a market observer who is familiar with the counter expects a positive outlook for Serba Dinamik in the week ahead following EY’s appointment.

“Technically speaking, the share price could potentially rebound to the 65 sen-75 sen range depending on the development of its audit case,” the market observer told FocusM.

“Hopefully, we can hear more positive developments with regard to the appointment of new independent directors over the next few days.”

At this level, with most negative news been already factored in, the market observer expects selling pressure to be “not as aggressive as before or could be absorbed by strong buying interest”.

“The current price is very attractive in terms of risk and reward with 29.5 sen being a decent support level,” he added.

At the close of Friday’s (July 2) trading, Serba Dinamik was up up 0.5 sen or 1.32% to 38.5 sen with 542.68 million shares traded, thus valuing the company at RM1.43 bil – July 5, 2021

https://focusmalaysia.my/share-buyback-by-two-serba-dinamik-founders-on-the-cards/

Stock

2021-07-04 16:25 | Report Abuse

To doubt or not to doubt: Its high-tech BAU at Serba Dinamik

Cheah Chor Sooi3-4 minutes 7/4/2021

TO prove many naysayers wrong that its business has come to a stand-still, Serba Dinamik Holdings Bhd has embarked on a virtual road show of its information technology (IT) prowess to convey the message that it is business as usual (BAU) for the company even as it continues to resolve the numerous odds at its corporate front.

Serba Dinamik Holdings Bhd has embarked on a virtual road show that showcases its information technology (IT) prowess in the oil & gas (O&G) sector.

Themed Unlocking New Boundaries with IR 4.0, the global integrated O&G outfit said it has proactively been incorporating IT as part of its core business since the arrival of Industrial Revolution 4.0 where engineering services has become more frequently intertwined with IT solutions.

“Therefore, even before COVID-19 became a global outbreak, Serba Dinamik IT Solutions Sdn Bhd (SDIT), a subsidiary of the Serba Dinamik group, has been deploying XR (X-Reality) technology globally,” the company said.

“Through the corporate partnership with Microsoft, SDIT is able to tap into the MR (mixed reality) innovation rapidly thus producing key products such as O&G technical training in XR.”

Deployable on the unique HoloLens device, users are able to conduct the training in a semi-virtual manner where they can make hand gestures to interact with a digital twin form of the physical O&G equipment such as rotating equipment (pumps, compressor, gas turbines, etc).

Additionally, SDIT also developed VR (virtual reality) technology for health, safety and environment (HSE) training such as working at height, confined space, rigging and slinging.

Key projects by technical application of XR in its O&G industry are the Pertamina HSE VR Centre and remote assistance with PETRONAS, to name a few projects.

Another impressive piece of innovation rolled out by SDIT is the D-Virtual Expo (DVE) which serves as a platform to run highly immersive virtual conference, exhibition, mall and product launches, among others.


Virtual Reality HSE Training
Compatible with VR, users can experience a 360-degree view of the mall to give the enhanced excitement of participating in online event.

Launched in 2020, SDIT said DVE has already garnered huge tractions and demands by hosting key events such as MARA e-Jana Niaga, ESPC Mall, the upcoming first International Architectural Education Exhibition & Conference with the Board of Architects Malaysia (LAM) and the upcoming first ever online-merge-offline Malaysia E-Sports Summit 2021 with the Malaysia E-Sports Federation and partners.

Elsewhere, SDIT has also positioned its D-Virtual Park (DVP) as a total virtual reality and hologram theme park that offers wide range of exhilarating rides in VR as well as a unique hologram theater to provide hyper immersive entertainment.

At its DVP Kota Samarahan, SDIT said it provides D-Arena Esports as an Esport facility and development hub along with innovation lab for start-ups.

“The innovation lab aims to incubate and accelerate niche technology startups by bringing them onboard with start-up growth programmes,” noted SDIT. The overall effort to push DVP as the technology hub in Kota Samarahan is in tandem with the Sarawak State Government digitalisation roadmap.” – July 4, 2021

https://focusmalaysia.my/to-doubt-or-not-to-doubt-its-high-tech-bau-at-serba-dinamik/?fbclid=IwAR0ddmBs0dsiEDDn0vt9sW0ofEtV0oqcP4fdATf54hxORcqs7cxpxcpRZyQ

Stock

2021-07-04 13:45 | Report Abuse

Deadline bursa dipenuhi, saham Serba Dinamik rancak didagangkan | Dagang News

4 bilion saham didagangkan 28 Jun-2 Julai


Menurut satu laporan, keseluruhannya lebih 4 bilion unit saham Serba Dinamik didagangkan dalam tempoh 5 hari pada minggu lalu.

Serba Dinamik merupakan antara yang tersenarai sebagai kaunter aktif dalam tempoh yang sama. Statistik yang dikeluarkan oleh Yahoo Finance menunjukkan saham Serba Dinamik paling banyak didagangkan pada 1 Julai lalu iaitu sebanyak 1,744,645,300 unit.


Faktor pendorong

Kerancakan dagangan kaunter saham Serba Dinamik berkait rapat dengan kejayaan syarikat memenuhi arahan Bursa Malaysia supaya melantik penilai bebas pada tarikh deadline 2 Julai lepas.

Dalam laporannya kepada bursa, Serba Dinamik mengumumkan perlantikan EY sebagai juruaudit bebas untuk memeriksa isu yang dibangkitkan oleh KPMG.

Difahamkan, EY juga sudah menerima komitmen Bursa Malaysia untuk memastikan KPMG memberi akses kepada EY dalam melaksanakan tugasnya secepat mungkin seperti diarahkan oleh bursa.

Serba Dinamik muktamadkan pelantikan EY hari ini

Minat belian yang kuat didorong harga rendah berjaya meningkatkan harga saham Serba Dinamik disebabkan pantulan teknikal dan juga prospek fundamental yang kuat.

Syarikat bakal mengumumkan barisan pengarah baru yang sudah dikenal pasti, dengan latar belakang lebih profesional dan berkaliber.

Ketiga-tiga faktor di atas dirumuskan antara pendorong utama pelabur saham memberi perhatian besar minggu lalu, dan dijangka berterusan minggu depan.

Seorang pedagang saham yang enggan namanya disiarkan berkata, walaupun diselubungi masalah audit, para pelabur sentiasa menanti berita positif dari Serba Dinamik.

``Pelabur mengikuti rapat perkembangan semasa dan Jumaat lepas, Serba Dinamik telah mengumumkan pelantikan EY yang dianggap positif dalam jangka masa terkini,” kata beliau.

Untuk prospek jangka masa pendek, harga saham Serba Dinamik mampu untuk berada di paras RM0.65-RM0.75 sesaham namun tertakluk kepada fundamental dan perkembangan di dalam masa terdekat.

Sekarang masa terbaik beli saham Serba Dinamik

Bukan lengahkan masa

Jika sebelum ini terdapat spekulasi mengatakan pengurusan Serba Dinamik seolah-olah sengaja `melengah-lengahkan masa permainan’, semua itu tidak wujud lagi.

Sebenarnya itu sekadar spekulasi tidak berasas, kata seorang sumber rapat syarikat kepada DagangNews.com. “Mana ada orang sihat akal fikiran dengan sengaja hendak dragging their feet ketika nilai saham syarikat jatuh?

“Pengurusan bekerja siang dan malam untuk menyelesaikan segera masalah ini. Semua isu ini meragut peluang syarikat untuk mengembangkan perniagaan. Sebaliknya sekarang terpaksa memberi perhatian memadamkan api,” ujar beliau.

Namun perniagaan tetap perlu dijalankan. DagangNews.com difahamkan pengurusan kanan syarikat telah berlepas ke luar negara bagi menguruskan projek.

“Benar kita berdepan isu di Malaysia tetapi projek Serba Dinamik kena berjalan seperti biasa. Sebagai syarikat penyedia perkhidmatan minyak dan gas global, kita sedaya-upaya memastikan `business as usual’.

“Dalam konteks lain, Serba Dinamik adalah serius dalam melaksanakan langkah-langkah mereka untuk menyelesaikan segera isu yang berbangkit,” kata beliau.

Pelayaran masih jauh bagi Serba Dinamik untuk keluar daripada gelora laut sekarang tetapi sekurang-kurangnya kompas pada kapal sudah stabil mencari daratan yang tenang untuk berlabuh. Anda pelabur runcit tahu apa benda boleh dibuat bila pasaran saham dibuka esok. Jangan jadi macam kelasi kayangan, tinggalkan kapal terkapai-kapai sewaktu mereka diperlukan. - DagangNews.com

https://dagangnews.com/deadline-bursa-dipenuhi-saham-serba-dinamik-rancak-didagangkan-7077

Stock

2021-07-02 19:10 | Report Abuse

Serba Dinamik appoints Ernst & Young as independent reviewer under directive of Bursa Malaysia

KUALA LUMPUR (July 2): Serba Dinamik Holdings Bhd has formally appointed Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services Sdn Bhd) [EY] as the special independent reviewer to assist the board in undertaking the special independent review on the issues raised by its former external auditor KPMG PLT.

In a filing with Bursa Malaysia, Serba Dinamik said the appointment of EY is “also made under the directive from Bursa Malaysia pursuant to paragraphs 2.23 and 2.24 of the Main Market Listing Requirements of Bursa Malaysia”.

“This decision is on the back of discussion held between the company and Bursa Malaysia whereby EY is fit for the engagement as they are a reputable 'Big 4' firm of auditors,” it added.

https://www.theedgemarkets.com/article/serba-dinamik-appoints-ernst-young-independent-reviewer-under-directive-bursa-malaysia

Stock

2021-07-02 19:04 | Report Abuse

Serba passes Bursa's D-day for independent reviewer with flying colours
Cheah Chor Sooi1-2 minutes 7/2/2021
SERBA Dinamik Holdings Bhd has confirmed a FocusM report that its board has formally appointed Ernst & Young Consulting Sdn Bhd (formerly Ernst & Young Advisory Services Sdn Bhd) as the special independent reviewer to assess the accuracy and veracity of the matters highlighted by the company’s former external auditors KPMG PLT.

“This decision is on the back of discussion held between the company and Bursa Malaysia where EY is fit for the engagement as they are from the reputable Big-Four firm of auditors,” the global integrated oil & gas (O&G) service provider pointed out in a Bursa Malaysia filing.

“The appointment of EY is also made under the directive from Bursa Malaysia pursuant to paragraphs 2.23 and 2.24 of the Main Market Listing Requirements of Bursa Malaysia.”

As per agreed by the market regulator, Serba Dinamik said the job scope comprised the following areas:

https://focusmalaysia.my/serba-passes-bursas-d-day-for-independent-reviewer-with-flying-colours/

Stock

2021-07-02 19:02 | Report Abuse

EY secara rasmi dilantik penilai bebas Serba Dinamik | Dagang News
3-3 minutes
Oleh ANIS FARHANAH MALEK
anisfarhanah@dagangnews.com

KUALA LUMPUR 2 Julai - Ahli Lembaga Pengarah Serba Dinamik Holdings Berhad (Serba Dinamik) secara rasmi telah melantik Ernst & Young Advisory Services Sdn. Bhd. (EY) sebagai firma penilai bebas untuk menyemak kesahihan isu yang dibangkitkan oleh bekas pengaudit luarnya, KPMG PLT.

Perkara yang merujuk kepada pengumuman Serba Dinamik berhubung pelantikan satu firma penilai bebas pada 14 Jun 2021 itu, disahkan syarikat menerusi makluman di Bursa Malaysia lewat petang ini.

“Keputusan ini diambil susulan perbincangan yang diadakan antara syarikat dan Bursa Malaysia di mana EY sesuai untuk keterlibatan (berhubung penilaian isu yang berbangkit) memandangkan mereka dari firma pengaudit ternama ‘Big 4’.

“Pelantikan EY juga dibuat berdasarkan arahan daripada Bursa Malaysia mengikut perenggan 2.23 dan 2.24 dari Keperluan Penyenaraian Papan Utama Bursa Malaysia,” jelas Serba Dinamik.


Terdapat empat skop kerja bagi penilaian bebas khas yang telah disemak dan diluluskan oleh Bursa Malaysia itu termasuk:

Skop Penerangan
1
a) Menilai kesahihan dan kebenaran urus niaga serta baki melibatkan 11 pelanggan yang dikenal pasti berhubung transaksi penjualan, perdagangan yang belum diterima dan material di tapak

b) Mengukur sebarang kemungkinan kesan kewangan, jika ada

2
Menilai kesahihan dan kebenaran pembelian dari enam pembekal tempatan

3 a) Menilai kesahihan dan kebenaran kontrak atau transaksi IT yang dilakukan dengan enam pelanggan yang dikenal pasti dan dua pembekal
b) Menilai kesesuaian hasil dan kos yang disahkan pada tahun kewangan terbabit

4
Menilai kewujudan (jika boleh); dan kesahihan transaksi dan baki daripada seorang pelanggan dan seorang pembekal yang berada di Bahrain

Pada 14 Jun lalu, Serba Dinamik mengumumkan bahawa syarikat pada dasarnya bersetuju untuk melantik EY sebagai penilai bebas serta akan memuktamadkan terma dan syarat pelantikan berkenaan.

Menerusi satu sidang media khas pada 22 Jun, Serba Dinamik mengumumkan syarikat telah memfailkan saman terhadap KPMG atas dakwaan cuai di dalam pengauditannya sehingga kerugian hampir RM5 bilion dari segi permodalan pasaran.

Writ saman tersebut telah dikemukakan di Mahkamah Tinggi Shah Alam dengan Serba Dinamik melantik peguam terkemuka, Tan Sri Muhammad Shafee Abdullah mewakili syarikat.

Dalam pada itu, Serba Dinamik mengemukakan empat sebab KPMG didakwa cuai dalam pengauditannya ke atas syarikat.

Setakat 5 petang ini, saham Serba Dinamik ditutup 1.32% atau 0.005 sen lebih tinggi kepada 0.385 sen. - DagangNews.com

https://dagangnews.com/ey-secara-rasmi-dilantik-penilai-bebas-serba-dinamik-7062

Stock

2021-07-02 16:12 | Report Abuse

Serba Dinamik all set to resolve independent reviewer’s appointment today
SERBA Dinamik Holdings Bhd will fulfill Bursa Malaysia’s tall order that the company appoints its much awaited independent reviewer by today (July 2).

A source close to the company’s top management said the global integrated oil & gas (O&G) service provider is able to finalise the appointment of EY after a consultation involving its former external auditor KPMG PLT and the market regulator.

“An announcement will be made after the market closes today … this is a good sign to restore investors’ confidence and to prove that there were no wrongdoings or delay technique as speculated before,” the source told FocusM.

“Additionally, we believe that it should be BAU (business as usual) for Serba Dinamik moving forward. The company can’t afford to let the business down as it needs to serve as well as is committed to its clients. Let’s focus on the fundamentals after one month of time wastage”.

Recall that in an announcement dated June 29, Bursa Malaysia has warned Serba Dinamik that failure to comply with its directive would be tantamount to a breach of the Listing Requirements, hence the market regulator may take or impose actions or penalties that it deems appropriate on the company and/or its directors.

In fact a day earlier (June 28), Serba Dinamik had made an announcement via its “Status Update on the Appointment of Independent Reviewer” that the company had confirmed that EY have agreed to act as its independent reviewer subject former external auditor KPMG PLT issuing a written consent that it would co-operate with EY to facilitate an effective independent review.

In a related development, the source said Serba Dinamik is also finalising the appointment of three independent directors “to get our board to function with more transparency while embedding the highest corporate governance for the best interest of various stakeholders”.

At the close of this morning’s trading session, Serba Dinamik – the day’s most active counter thus far – was unchanged at 38 sen with 359.45 million shares traded, thus valuing the company at RM1.42 bil. The stock was traded between the range of 36.5 sen and 39.5 sen during the first session.

Meanwhile, two other counters linked to head honcho Abdul Karim fared better with Sarawak Consolidated Industries Bhd (SCIB) spiked 7.5 sen or 10% to 82.5 sen with 27.53 million shares traded, hence raising its market capitalisation to RM405 mil.

Another company which also featured Abdul Karim as its chairman and controlling shareholder, KPower Bhd was up 3.5 sen or 3.87% to 94 sen (traded between 88.5 sen and 99 sen), hence valuing the company at RM425 mil. – July 2, 2021


https://www.e-serbadk.com/serba-dinamik-all-set-to-resolve-independent-reviewers-appointment-today/

Stock

2021-07-02 16:03 | Report Abuse

SCIB, KPOWER, SERBADK piciking up

good news start spreading....being absorb

as easy as buy...hold and....sell again

BUY-Q increasing....forget the sceptic

Stock

2021-07-02 15:58 | Report Abuse

rebound....big fund in

Stock

2021-07-02 15:24 | Report Abuse

sceptic will always be skeptical, analyze till paralyze

your money, your call....

Stock

2021-07-02 15:03 | Report Abuse

focusmalaysia.my /serba-dinamik-all-set-to-resolve-independent-reviewers-appointment-today/
Serba Dinamik all set to resolve independent reviewer’s appointment today
Cheah Chor Sooi3-4 minutes 7/2/2021
SERBA Dinamik Holdings Bhd will fulfill Bursa Malaysia’s tall order that the company appoints its much awaited independent reviewer by today (July 2).

A source close to the company’s top management said the global integrated oil & gas (O&G) service provider is able to finalise the appointment of EY after a consultation involving its former external auditor KPMG PLT and the market regulator.

“An announcement will be made after the market closes today … this is a good sign to restore investors’ confidence and to prove that there were no wrongdoings or delay technique as speculated before,” the source told FocusM.

“Additionally, we believe that it should be BAU (business as usual) for Serba Dinamik moving forward. The company can’t afford to let the business down as it needs to serve as well as is committed to its clients. Let’s focus on the fundamentals after one month of time wastage”.

Recall that in an announcement dated June 29, Bursa Malaysia has warned Serba Dinamik that failure to comply with its directive would be tantamount to a breach of the Listing Requirements, hence the market regulator may take or impose actions or penalties that it deems appropriate on the company and/or its directors.

In fact a day earlier (June 28), Serba Dinamik had made an announcement via its “Status Update on the Appointment of Independent Reviewer” that the company had confirmed that EY have agreed to act as its independent reviewer subject former external auditor KPMG PLT issuing a written consent that it would co-operate with EY to facilitate an effective independent review.

In a related development, the source said Serba Dinamik is also finalising the appointment of three independent directors “to get our board to function with more transparency while embedding the highest corporate governance for the best interest of various stakeholders”.

At the close of this morning’s trading session, Serba Dinamik – the day’s most active counter thus far – was unchanged at 38 sen with 359.45 million shares traded, thus valuing the company at RM1.42 bil. The stock was traded between the range of 36.5 sen and 39.5 sen during the first session.

Meanwhile, two other counters linked to head honcho Abdul Karim fared better with Sarawak Consolidated Industries Bhd (SCIB) spiked 7.5 sen or 10% to 82.5 sen with 27.53 million shares traded, hence raising its market capitalisation to RM405 mil.

Another company which also featured Abdul Karim as its chairman and controlling shareholder, KPower Bhd was up 3.5 sen or 3.87% to 94 sen (traded between 88.5 sen and 99 sen), hence valuing the company at RM425 mil. – July 2, 2021

Stock

2021-07-02 10:03 | Report Abuse

rebound back to GREEN....flushing weak holders!