8899EL8899

Take it private with what? A large percentage of his wealth is in topglove, if topglove falls, so does his wealth.

The Edge has reported that the Securities Commission (SC) found 59 company and personal stamps of external parties in a box at Serba Dinamik Bhd’s office with some of the stamps including prominent companies such as Petronas Gas Bhd, Exxonmobil Exploration and Sabah Shell Petroleum Co Ltd.

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

Fraud
Scam
Lies
Cheat
Fake
Defaulted

https://focusmalaysia.my/trial-by-media-has-the-media-been-fair-to-serba/

karim still in denial mode.... and what about the 59 stamps of other companies found in serba? hidden hand put it in his office? what about all the text messages on making fake account? ghost send those messages between 2 smartphones?

YourQuirkyWays29

EPF could be trading on Harta, after all, they delegated some of their money to various fund houses, therefore we will never know if they make or lose money. but seeing how they stop becoming substantial holders of TopGlove, they've probably gave our noticed to all the other funds under them not to trade glove since March.

EPF is leaving all glove counters.

Serba every quarter shows fancy animation of their IT products

Everybody is still waiting for a screen shot of their software, names of their clients, etc....

wah,... that video... now want to do vertical farming.
holy moly
really Serba boleh, everything also want to do.
what they dont want to do? go to jail is what they dont want.

Awang from Serba.... avoid

Historically for a long time it was around 10 cents ++ before covid. Careplus is going to drop below 10 cents... RIP to those that bought at RM4.00+

Simple math:

RM1.00 drop to RM0.50 = RM0.50 drop = 50% drop
RM0.50 go up to RM1.00 = RM0.50 up = 100% up

So....

RM4.00 to RM0.10 = RM3.90 drop = 97.5% drop
RM0.10 to RM4.00 = RM3.90 up = 4000% up

Good luck....

Run
Glove 2.0
Run

10 quarters of losing money.... this one dont go to PN17 I also got nothing to say anymore.

Harta is good, but am not touching it. even if they have 2 or 3 quarters of earnings growth, it will be side ways for many years till he moves up again, but with so many people holding the bag, the resistance will be great, thus very hard for it to move up.

told you guys to run... but no. once you see this kind of huge drop but company kept quiet... insiders are throwing, throw via official account and dump last minute via proxy account.

Monday die.... Serba 2.0

Run before it goes to zero. run.

glove 2.0. run boys run.

FPSO spin off

Kuala Lumpur-based market sources said Yinson will have some issues to navigate to satisfy the Malaysian authorities in order to separate the FPSO business.

The same sources said if Yinson can satisfy these demands the likelihood of the spin-off occurring is high but still not guaranteed.

Yinson, however, was not willing to provide an update to Upstream about its plans.

If the separation goes through, and a listing in Oslo occurs, Yinson would expand its Oslo office and possibly shift some functions from Singapore, said market sources.

The company has traditionally used shipyards in Asia for its FPSO construction work, but is currently using Drydocks World in Dubai for FPSO Atlanta as it tests yard abilities in other regions closer to Europe.

Other capabilities

Malaysian securities analysts said recently that Yinson has good growth prospects in FPSOs and renewable energy.

An analyst from RBH said Yinson is currently pursing six new FPSO projects including four in Angola and one in Suriname. The analyst said Yinson is comfortable about securing one new large and one new medium-size project.

Yinson is also making strides in the renewables energy play, which is already a separate business segment to its FPSO division.

An analyst with Kenanga Resarch said Yinson “continues to also be in the forefront of energy transition, with about 1.5 gigawatts of renewable energy projects currently in the development and consent stage, as it targets to achieve carbon neutrality by 2030”.

RBH said Yinson is targeting to secure a 3 GW pipeline of renewable energy projects by the end of 2022 and expand the operating portfolio by 5 GW to 10 GW by 2028.

In its recent full-year 2021 results, Yinson executive chairman Lim Han Weng, said the company's strong fundamentals, backed by a strong and experienced management team, had allowed it to remain resilient through the recent global turbulences.

"During this juncture, the group has been relentless in our sustainability pursuits while our divisions chalked up new projects, further stamping our position as a global energy infrastructure and technology provider," he stated.

FPSO spin-off on the cards as Yinson looks abroad for listing options

Malaysia's Yinson Holdings is edging closer to a landmark decision to spin off its floating production division via a listing on an overseas stock exchange as a strategic review of its floating production, storage and offloading business segment moves toward its climax.

Yinson told investors back on 1 March that it was conducting a strategic review of its FPSO division in order to better unlock and maximise shareholder value.

The review has explored various options including an initial public offering or strategic partnership opportunities.

Multiple market sources said Yinson is now inclined toward separating the FPSO division and listing it on a different stock exchange, with the Oslo Stock Exchange a favoured avenue.

The company is also evaluating having major strategic investors in its FPSO business.

The rationale for listing in Oslo is the improved access to finance in an FPSO-friendly market, leading to the conclusion that this would also generate a better valuation than in Malaysia.

In addition, the company's FPSO division is already strongly influenced by Norwegians who came on board when Yinson acquired Fred Olsen Production in 2014.

Oslo is currently the headquarters for its global FPSO operations; Kuala Lumpur is the corporate headquarters and Singapore is the headquarters for projects.

The acquisition of Fred Olsen Production meant that Yinson inherited a strong and experienced team, and the company has since grown into a top-tier global FPSO provider, with six units in operation — two in Nigeria, one in Ghana, two in Vietnam, and one in Malaysia — and three large FPSOs under construction for the Brazil market.

Among the Norwegians with Yinson are two in the senior management team — Eirik Barclay and Rolf Marthin Normann.

Recent success in winning th Brazil contracts has, however, put Yinson under pressure to secure the significant funding requirements to build and deliver the FPSOs.

The company is currently on a fundraising drive, and is aiming to raise 1.2 billion ringgit ($273 million) in a renounceable rights issue with free detachable warrants.

More than half the proceeds will be dedicated to its new FPSOs. The three under-construction floaters for Brazil are the Anna Nery FPSO and the Maria Quiteria FPSO, both for Petrobras, and the Atlanta FPSO for Enauta.

https://www.upstreamonline.com/exclusive/fpso-spin-off-on-the-cards-as-yinson-looks-abroad-for-listing-options/2-1-1224354

flytothemoon, Serba? I buy Cypark now.

What are you guys waiting for? To see the longest waterfall ever? Tomorrow drop again... drop until no underwear.

Cheetah = Cheeter = Fintec scam stock

i have bad news, westport wont make into KLCI30. another food company will.

Nobody saw Supermax latest QR right? I have bad news for you guys.... really bad news.

Price still above pre-covid... before covid was 70 cents, but now earnings lower than 2019. This one... GG... will drop to 70 cents or lower, that is the support line.

Super profit but stock price never fly.... some more went down, why?

confirm got big bad news, if not, wont sell down until like this

This one same pattern like ATA.... insider selling like crazy. ATA was sold like crazy for 1 week and then only bad news come out. You guys better get ready.

Lou Sai Park

I hope no more share buyback. I dont like share buyback, I rather they hold cash and wait for opportunities.

flytothemoon

What? U told me to buy Dialog... I already all in Dialog... how?

Serba true value = RM0

LubeTrader

No, ATA dropped for few days, close to 1 week then the news came out in TheEdge that dyson is not continuing with them. Insider has been throwing ATA for 1 week.

What are the chances of court saying banker cannot liquidate Serba? If court says cannot, then who will repay the loans? Serba is not going to repay the loans. It is a contract and Serba defaulted on the loan and bond.... once liquidation is approved, Serba will go to RM0

Reminds me of ATA, first few days kept on dropping, but many refuses to cut loss. These kind of big drop and sudden move means insider throwing like crazy. They know something big and bad is coming.

Lou Cy Park....

Dont think it is fraud, just bad decision and bad management.

Tomorrow Limit Down?

tomorrow follow nasdaq?

I smell blood... looks like tomorrow will LD again. Run boys run. This is like Serba 2.0

Poultry is the 3rd profitable business in QL. I think number 1 is Marine, 2nd is Palm Oil (After the palm oil rally), and 3rd is poultry. Since poultry and familymart are in the same subsidiary, we dont know how much FM is contributing towards that subsidiary, but this coming QR we will know when FM will have its own separate report. My guess it poultry will probably be last.

If Serba can pay back 100%, then for sure next few years the profit will be crazy high, right? Possible?

slowly slowly go to RM0.... or will straight away RM0 if court allows the liquidation to go on? Gamble your money here, if win, win little bit, if lose, lose everything.

bossku aint coming back. looks like tan sri got health problem or what?
https://klse.i3investor.com/web/announcement/detail/1679180

Tan Sri vacant his position and wife took over. I have no idea what is going on, maybe insider can enlighten us?

hmm... today no limit up? Earn so much money, but still need to do Rights Issue. Sold their timber business, got the cash but still needs to do Rights Issue. Earn so much but never give out dividend. Park so much in bank but still need rights issue? Weird.

PE1. What do they do? Nobody knows. I only heard buzzwords like IOT and etc. I am a tech guy, I understand cloud and web coding, but somehow I dont understand ARBB. I can understand Amazon Cloud business, Microsoft Azura cloud business, and all those HR software, set up one for my friends company... but ARBB.... hmm... weird.

Anyway, good luck holding. Even the auditor resign liao. ARBB got so much money but auditor resign due to auditing fees? weird, very weird.

PearlWhite still thinks hidden hands are collecting this rubbish? Delusional. Serba is not going back to the original price pre-KPMG's truth telling audit. Here are some undeniable facts:

- 59 fake stamps
- Templates of fake invoices in Serba computers
- SMS or Karim telling someone to fake it
- Fake projects
- Fake numbers
- PN17
- Defaulted on bond
- Banker file winding up / liquidation

This kind of rubbish co can fly, I tell you Sapura will 10000x because even Sapura is not that bad.

fed popping the commodity bubble, run boyz run.
Glove 2.0 incoming.

PearlWhite,

Who else is at fault? The ants in Serba office? Who force karim to make the 59 fake stamps? who force karim to make the fake invoices?

bojed

That is because all the big projects they got are fakes. What was that super huge project in UAE? That digital hub?.... have anyone thought about it? Nobody knows where the location is. All fancy animation and graphcs saying how big that project is but 0 info on the location of the project. amazing.

Magic.... after this whole audit thing, say can repay back all the loans, but before that need to borrow to survive. Weird. what kind of logic?

https://www.theedgemarkets.com/article/serba-dinamik-seeks-restraining-order-against-units-proposes-100-return-scheme-arrangement

100% repayment.... some kind of BS by Karim again. Not owe few hundred millions, but billions. How can they ever repay the loan? bond? how? They just want to buy time.