Still can get good ceo to handle this.

Call Wahid ex maybank to handle this

Posted by IronShirt > Nov 26, 2021 11:00 AM | Report Abuse

A remisier for 30years, said No Ceo will put his Life in Harm ways if his Books are not Clean.
So TakeOver is just a wishful thinking

Until now, we can see that Public Invest still recommended to hold this SD.

Serba Dinamik Holdings Berhad - Ceasing Coverage
Author: PublicInvest | Publish date: Thu, 25 Nov 2021, 10:15 AM

Shares of Serba Dinamik (Serba) have been suspended since October 22, of which Bursa Securities cited paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of the company’s securities. This came as a result of a directive by the regulator to disclose findings of the Special Independent Review pursuant to Paragraph 2.23(1) of the Main Market Listing Requirements, which Serba declined to do, contending that Ernst & Young Consulting Sdn. Bhd. is still in the midst of performing the Special Independent Review. Subsequent to this, Serba has missed coupon payments for its USD300m coupon, though the company has indicated that it will make good the payments within the 1-month grace period under the terms of agreement. Meanwhile, Serba’s Chairman and an independent director have just resigned, citing that Bursa’s most recent stipulations had stopped them from fairly discharging their duties. Bursa had, on November 22, announced that it was seeking a court order to compel Serba to disclose updates on the findings of the special independent review.

Given the heightened uncertainties as a result of these issues – accounting related queries, legal challenges with auditors (both KPMG and EY) and the regulator – we are unable to appropriately assess the prospects of the Group in the near to medium term. With earnings visibility likely to be limited and given the need to re-deploy our resources internally, we are ceasing coverage on Serba.

Our last call is Neutral with a target price of RM0.31 based on a 0.3x multiple to its FY21 book value of RM1.05. Earnings estimates should no longer be relied on as basis of investment decisions.

Source: PublicInvest Research - 25 Nov 2021

Another downtrend today.

Hope it wont break

Posted by Beautyseeker > Nov 23, 2021 2:42 PM | Report Abuse X

If today it break 0.35, it will be not good

Who still want to stay at AA?

Please be more careful

Should stay calm now. No need to panic yet.

Let see next week.

Posted by Mabel > Nov 24, 2021 7:48 PM | Report Abuse

#JKPTR COMMON SENSE
IF THE REPORT IS FULLOF GOOD NEWS, YOU THINKKARIM WILLTRY TO BLOCK IT FROM BEING RELEASED?
24/11/2021 7:01 PM

Here's another Common Sense...

Two Scenarios...

1. If the report is half baked, Panic Investors will sell and consequently drives the price down..

2. If the report is fully baked, Many Investors will buy and consequently push the price up..

If you are sitting in Karim seat, what would you do?

So the best things we could do is...Turn off the lights, take a deep breath.... Relax...

If you find it hard to relax...Do the Hustle....

https://www.youtube.com/watch?v=V3kE0rvAJhM&list=RDV3kE0rvAJhM&;...=1

Do It!

I think Public Bank do have sentimental values with SD. Hahahaaa

Posted by dianatrader > Nov 24, 2021 7:42 PM | Report Abuse

Public Banks still call to hold.

PublicInvest Research Headlines - 24 Nov 2021
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.31
Last Price : 0.35, Upside/Downside : -0.04(11.43%)

Yes. This is not good.

Posted by amircesc4 > Nov 24, 2021 7:49 AM | Report Abuse

Another dilution of PP. Now 30% from total. Gila.

UK probing Supermax over forced labour allegations — report
Author: savemalaysia | Publish date: Wed, 24 Nov 2021, 12:22 PM

KUALA LUMPUR (Nov 24): The UK government has launched an investigation into one of its National Health Service's (NHS) main suppliers of personal protective equipment — Supermax Corp Bhd, over allegations of forced labour.

Citing officials at the UK Department for Business, Energy and Industrial Strategy (BEIS), the Guardian earlier this week reported that they are investigating Supermax, which won a £316 million (RM1.78 billion) contract for 88.5 million rubber gloves amid the Covid-19 pandemic.

The investigation comes one month after the US Customs and Border Protection (CBP) said it would detain imports of disposable gloves produced by Supermax on forced labour allegations.

According to the Guardian, the UK government has initiated its own inquiry after Jeremy Purvis, a Liberal Democrat peer, demanded scrutiny of Supermax and action to ensure that products made using modern slavery are not used in Britain.

“We take allegations of this nature very seriously and we are investigating the claims made against Supermax. We have made strong commitments to eradicate modern slavery from all contracts in the government supply chain,” the Guardian reported a government spokesperson as saying.

The report said the government made clear that the investigation could lead to Supermax being banned from supplying the NHS.

“A proper due diligence process is carried out for all government contracts and our suppliers are required to follow the highest legal and ethical standards. If they fail to do so we will remove them from current and future contracts,” the report cited the spokesperson as saying.

The Guardian said Supermax did not respond to requests to respond.

At 10.35am, Supermax was unchanged at RM1.75, valuing the group at RM4.63 billion. Year-to-date, the counter has tumbled 68.42%.



https://www.theedgemarkets.com/article/uk-probing-supermax-over-forced-labour-allegations-%E2%80%94-report

Let see what will happen next week first

Posted by amirf1221 > Nov 23, 2021 11:46 AM | Report Abuse

In near soon will see the outcome
Sure will have huge impact
Then most of them will become loud

Tomorrow will drop to 2.10

Another downtrend

If today it break 0.35, it will be not good

And why don't we just stop labelling people with improper name.

No beggars
No culprit

Just respect each other

Just let all voice out their opinions.

Posted by armadatuah2017 > Nov 23, 2021 11:39 AM | Report Abuse

always talk and shout with empty pockets...klse beggars..m.hahahahahaa

Where do actually EPF suggest to follow then?

Sometimes the EPF also can be so cunning

Where did EPF mentioned this?

Posted by superrr > Nov 22, 2021 1:18 PM | Report Abuse

EPF had commented that not worth to invest in sb anymore.

It coming back to 0.36

Going sideways again

At the end, the gov just want to know how much they can gain tax from it.

So simple

Posted by Start_0f_the_bull > Nov 22, 2021 2:14 PM | Report Abuse

Heat-not-burn products and tobacco are all harmful to human body, just admit it is a sinful business although it is not banned. Defence it by all means will only make smokers happy, nothing more. Full stop.
------------------------------------------------------------
Williamh Yes cigarette is of Health concern and Bat has been working on thatHNB is the alternative product to addressing beside alsoprevent some to addicted to drug,corporate Govermance is Bat second to none and also generous divided ,90% of the profit is return to share holders,it the care ling of the share holder that matters
22/11/2021 1:11 PM

They entered the counter immediately, and also exit immediately even for some increment.

Because they buy bulk

Big players like EPF always do that.

Page < 1657 1658 1659 1660 1661 1662 1663 1664 1665 1666

Sslee
7909 posts
Posted by Sslee > Nov 19, 2021 4:32 PM | Report Abuse

But unfortunately our good friend Philip bought more and only take a big hit very late.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Nov 19, 2021 4:11 PM | Report Abuse
Lesson from this saga:
Sell immediately when accounting irregularity was first revealed by the initial auditor. Sell first, think later.

Philip ( buy what you understand) Taking a big hit on serba dinamik shares and sold fully to reduce further exposure long term. I think their inability to improve cash flow via borrowings and the red flag of 10% receivables uncollected more than 3 months is going to be the back breaker for me. Short term debt and inability to collect money are worrying signs indeed.
30/09/2021 12:07 PM

And another up today.

What a lovely Friday

Posted by Beautyseeker > Nov 18, 2021 6:46 PM | Report Abuse X

Suddently it up by 0.005

still good.

Already fall. Big boys cashing out


129 posts
Posted by J.EL > Nov 19, 2021 5:53 PM | Report Abuse

Apa ni. Mau jatuh, tak mau jatuh

EPF will taking out profit immediately.

Better dont follow where EPF goes.

Suddently it up by 0.005

still good.

We have been waiting for too long now.

And a lot rumors come out due to that delays.

Must settle it ASAP

No matter who is the auditor, just settle out the AR immediately

Posted by Stocksafeplayer > Nov 18, 2021 1:28 PM | Report Abuse

https://www.nst.com.my/business/2021/07/712153/serba-dinamiks-next-cha...

(Excerpt from abv news)
‘Yesterday, the board of Serba Dinamik nominated Nexia SSY to fill up the void and audit its financial accounts for the year ended June 30, 2021.

Nexia SSY is an independent member firm of Nexia International, a leading London-based global network of independent accounting and consulting firms.’

Bursa has its own power to control it.
SD has its own right to use also.

At the end,we just want to see them settle this situation

Posted by BobAxelrod > Nov 17, 2021 1:06 PM | Report Abuse

Bursa is a Trading platform for investors and companies easy access. If SC as watchdog is not exercising Rules, what good would that be? Good for Table tricks?

Oh no.

Be cautious everyone

Posted by CoolBull > Nov 17, 2021 2:50 AM | Report Abuse

Another covid-19 wave expected in December

https://www.sinarharian.com.my/article/172827/KHAS/Covid-19/Gelombang-...

Just be cautious, guys

Still coming

Posted by Beautyseeker > Nov 16, 2021 4:18 PM | Report Abuse X

Looking to this, it will break 0.35 by tomorrow

Eager to see next analysis by Public Bank on SD.

Should hold again?

I see the new project is good. It can help boost back SD image.

But i do believe that SD still need to do more than this.

And i believe they can

What happen today?

Downtrend again?

Looking to this, it will break 0.35 by tomorrow

Main thing is, to settle it.

SIR and AR too

Posted by treatshijau > Nov 16, 2021 4:16 PM | Report Abuse

will boom again
but need to release the report quickly
also gaining trust again

He is still one of good entrepeneur. We can't deny that with just this incidents.

Stop playing 'bumiputera' issue in here.

Posted by IdleMoney66 > Nov 15, 2021 4:16 PM | Report Abuse

Karim = Icon of Bumiputera Entrepreneur

Just wait and see. Nothing to worry.
Posted by Yu_and_Mee > Nov 15, 2021 12:33 PM | Report Abuse

What will happen after 15 days?
I saw S&P also downgraded SD from CCC to CC. But still higher than Fitch given rating of C.
How to get fund raising with such rating? Got water fish swim into the bucket or not?
Oh, no need fund raising I guess. Because if not mistaken they have terminated the contracts, right?

Good strong hike up also today for TG

Very good

Nice. Then just wait for another weeks before you come in to see the latest price again. Be calm

Posted by risktoreward > Nov 12, 2021 10:19 PM | Report Abuse

today I join bintai gang for the first time. @0.365

Top Glove and Supermax do really good today.

Both hiking up more than 0.10

Quite slow movement here

Yes. Should solve on SIR

Posted by alieyasmart > Nov 12, 2021 8:29 PM | Report Abuse

I actually think Karim can handle that cash flow.

But now, the main thing to be solve is that AR and SIR

Who con who?

Posted by leno > Nov 12, 2021 8:19 PM | Report Abuse

Try to con other people
end up con ownself

CANTEEEEEEEEEEEEEKKKK !!

Enjoy shopping today?

Posted by UlarSawa > Nov 11, 2021 11:09 AM | Report Abuse

Start to shopping at lazada. Correct?

khatulistiwa1234 11.11 am START .
11/11/2021 11:07 AM

Not so much different

Just a lil bit red

True news?

Posted by Hotstuff > Nov 11, 2021 4:07 PM | Report Abuse

(Highlight) The High Court on Thursday (Nov 11) dismissed Serba Dinamik Holdings Bhd's application for an ad interim injunction to be imposed against Bursa Malaysia Securities Bhd and Ernst

Just go buy crypto

Posted by bobochacha > Nov 11, 2021 4:06 PM | Report Abuse

miss sukuk payment. holland is getting nearer lu.. sue back your own boss karem la.

Tomorrow surely will go down below 2.30

Bad

Good increment too


trader101
376 posts
Posted by trader101 > Nov 10, 2021 12:17 PM | Report Abuse

kfc meal today. not bad

Serba Dinamik sues EY, questions legality of "special auditor" - save malaysia! | I3investor


Serba Dinamik sues EY, questions legality of "special auditor"
Author: savemalaysia Publish date: Wed, 10 Nov 2021, 7:10 PM

KUALA LUMPUR: Serba Dinamik Holdings Bhd has sued its special auditor Ernst & Young Consulting Sdn Bhd (EY).

In its filing to the stock exchange today, Serba Dinamik said it had filed an originating summons against EY at the High Court here on Nov 5.

This came a few days after Serba Dinamik announced that it had brought Bursa Malaysia to the High Court for acting "in excess of power".

EY is the special auditor chosen by Bursa to be appointed by Serba Dinamik.

Bursa had reportedly in June and July this year issued a directive to Serba Dinamik to appoint EY as a special auditor to conduct a "special independent review" for the auditing issues raised by the company's previous auditor.

Subsequently in October, Serba Dinamik was issued another directive by Bursa, demanding it to announce a "Factual Findings Update" which is understood as material that had been prepared by EY.

Both instructions were allegedly made on the justification that Bursa has the authority to do so under the Main Market Listing Requirements (MMLR).

Pursuant to the second directive on Oct 22, Bursa suspended trading of the Serba Dinamik securities listed on the Main Market, pending the announcement of the said "Factual Findings Update"

Serba Dinamik alleged that Bursa had acted grossly in excess of authority and that there was an underlying theme that the regulator had interfered in the company's audit process.

In response, Bursa had on Nov 8 said it was entitled to exercise its power against Serba Dinamik being the frontline regulator of the country's capital market.

Such action was pursuant to the listing requirements in the interest of maintaining an orderly and fair market, it added.

In its suit agains EY, Serba Dinamik said it was seeking declarations that the former is not an "auditor" within the meaning of MMLR and that its appointment by Serba Dinamik, pursuant to MMLR, was based on misrepresentation and therefore, the appointment and letter of engagement executed between them was "void ab initio".

Serba Dinamik challenges EY's status as an auditor as defined under the MMLR and Companies Act 2016 and the fact that it was not registered with the Audit Oversight Board.

The consulting firm's independence is also being questioned as its affiliate is the auditor of Bursa.

Serba Dinamik said EY had not yet provided an answer to the company concerning the question of whether it was in fact an "auditor".

Market observers said Serba Dinamik had taken steps in recent days to defend its rights, as well as protect its reputation and shareholders' interests.

They said the stock trading suspension against Serba Dinamik was a suspension based not on a specified event in the MMLR e.g. failure to issue audited accounts. Rather, this was a suspension because "Bursa says so".

The episode concerning Serba Dinamik would be instructive for everyone as the investing public should also understand whether Bursa can suspend a counter at will, they added.

A market observer had raised the question: "Even if Bursa is right, do you give the directors a show cause or do you punish all the shareholders by a suspension? As it stands, there is no show cause and Bursa should ask itself, who are they punishing and why so?

Transpiring from that, the observer said Serba Dinamik was now calling into question the entire basis for the need of the special independent review.

Meanwhile, according to Serba Dinamik's originating summons, EY had acted contrary to its undertakings in the letter of engagement when it provided a "Factual Finding Update" to the Securities Commission without Serba Dinamik's consent and without even notifying it in the first place.

Serba Dinamik is also praying for an order that EY is restrained from releasing and publishing any form of opinions on the company.

Together with order for restitution and claim for damages, Serba Dinamik is also seeking for interim injunctive relief pending the full and final disposal of the originating summons.

The court has set the hearing of the interim injunctive relief on Nov 11 while the originating summons is fixed for case management on Nov 17.



https://www.nst.com.my/business/2021/11/744284/serba-dinamik-sues-ey-questions-legality-special-auditor

Can the trading resume during the legal process?

Posted by investorbat > Nov 10, 2021 7:02 PM | Report Abuse

If 2 legal processes on going,guess when to resume trading,2 years? 3 or 4?