RM1000? If there is an oversupply of cooking oil, then maybe. But you have to understand, palm oil is not the same as other vegetable oil, palm oil is the most stable form of editable oil, which is why it is found in soap, biscuit, chocolate and etc. Anything that requires a long shelf life will need to use palm oil as other editable oil will degrade faster.

Next question is, what is the alternative? none, not even close. Palm oil is a very stable oil in term of the oil structure.

Next question is, can we scale up palm oil? no, unlike seasonal crops, you cannot grow palm oil today and expect to harvest it next year or few months later.

Is there an over supply of palm oil? no.

You are comparing this with glove, probably you got burn in glove and thinks all chart will move the same? you can ramp up glove production but you can not ramp up palm oil. Takes 3 to 5 years for palm oil to mature.

EMS.... so easy meh?

EY and KPMG both came to the same conclusion, 10 out of the 11 Petronas Vendors are fake.
59 stamps found in Serba
Invoices and templates of other 'companies' linked to Serba found in their HQ
Fake addresses
None existence projects
Right hand pay left hand to create fake transaction

Even the blind can see so much fraud is going on, why are there still people supporting Karim? The 3 knew what was going on. Karim Kadir Awang should be in jail.

https://www.theedgemarkets.com/article/cover-story-what-serba-dinamik-didnt-want-you-know

"Editable Microsoft spreadsheet files containing templates of invoices and delivery orders of 10 vendors under Serba Dinamik’s VDP and email communications with a list of suppliers’ company stamps were found in devices and server files of Serba Dinamik employees. The total transactions in these files amounted to RM357.49 million."

FAKE FAKE AND MORE FAKES

ken2004, this is hinting that Serba/Karim had a cozy relationship with the previous KPMG guy in Sarawak. The new team in KL, which I heard was a lady auditor ( should be a she if I am not mistaken ), she is very strict and audited quite a number of other O&G companies in Malaysia, thus she probably found out something is not right as she can cross reference some of Serba's contracts.

That is why KPMG said 10 out of the 11 vendors are dubious and not verifiable.

KPMG is the auditor for Petronas.

mabel, your analogy is wrong. it is like Capital A without AirAsia.

https://www.theedgemarkets.com/article/cover-story-serba-dinamiks-lawsuit-reveals-contention-kpmg-and-banks-potential-exposure

RM3B resolved? resolved what? And EY stop work? WTF u talking? EY completed the FFU already, what stop work? and refuse to sign off? this is FFU not audit, why need to sign off? good lord, you really lost your mind.

what about the 59 stamps? when is your next article on the stamp? please write, we want to read.

EYC cannot release the FFU. the FFU belongs to Serba. If you hire someone to write an essay for you, and he completed it and you paid for it, whom does the essay belongs to? you, right?

problem is serba does not want to release it and kept spinning.

karim, i know you are reading this... do the right thing. you have big house big car expensive watches... have you thought about those small retailers like pearlwhite that lost everything in serba? satan is waiting for you in the deepest hell.

drop 1 more cent and it is time for consolidation.

Karim the scammer
Kadir the mastermind
Awang the snake

money all transfer to middle east for fake projects.

those got to be fake que right? so many wants to buy but VT selling like no tomorrow.

by selling the highway, this means going forward Gamuda earnings growth will be slow and they will also earn less. A company's price will go up and up based on earning growth, not their cash pile. This is why vincent tan was against jalil selling berjaya toto, without sportstoto, berjaya will be valued even less as the cash flow will dry up.

In their T&C, it says "The Website uses third party services that may collect information used to identify you. Links to privacy policies of third party service providers are as below:- Google Sign-in and Google Drive Services."

Didn't they say they have their in-house self develop cloud hosting? but still need to use Google Drive cloud hosting? So, my question is, got own cloud server or not?

Probably bought a script from codecanyon and then upload to GoDaddy Hosting.
Do you know what is GoDaddy Hosting? It is a cheap and affordable hosting.
And ARBB says they are an IT company, yet they host their script on a cheap server?

Domain Name: arbcosec.com
Registry Domain ID: 2636281536_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: https://www.godaddy.com

If you are a cloud company, you will have your own server, or the very least use a good server that is scaleable like Amazon AWS or Google.

And the DNS.... use the default GoDaddy DNS? Seriously?
Even my blog uses premium hosting with Amazon CDN and premium DNS.
This is a company some more, like SerbaIT, use Exabytes for their hosting.

I cannot even sign up, I wonder if I email them they will give me a demo.
I will go thru the code and see if the script is bought from codecanyon.

1 more month to go for the 9th May 2022 bond.
https://www.bondsupermart.com/bsm/bond-factsheet/XS1900582476

like donald trump said... billions and billions and billions of.....

GG. already cross default, but this will the last straw that break karim's back.

can u show me 1 image of their products.... just 1. not asking for 10 or 100. show me 1.

red flag when they say want to list in nasdaq, serba also tried to do the same by sponsoring a SPAC and wanting to list it in Nasdaq.

Serba's AR got extended by 6 months, ARBB also the same.

Serba IT's software got 0 screen shot of their software, and website full of cool animation and graphics. ARBB also the same, no screen shots, and all fancy graphics.

Am not saying ARBB cook their books but if something smells the same.... you better watch out.

am curious if there are any misuse of money, like say buy watches, spend on prostitute, or buy sports car and bungalow for personal use....

knowing theedge, I bet theedge saw this coming and probably have another article ready with more juicy news.

well, it says consultant for 5 months, never mention if she will be go back as CEO after 5 months. Maybe 5 months to guide the new CEO and then leave for good. if that is the case, it must be something personal, probably health related. which is good news for mynews.

51 years old on maternity leave is like my 90 years old grandma doing break dance... possible but not probable.

https://focusmalaysia.my/serba-serves-the-edge-with-letter-of-demand-for-defamatory-articles/

Sue theedge.... who will they sue next? i3? sue sue sue to hide the truth.

the problem with mynews is the foundation. it started off trying to copy 711, then came FM, it knew FM is eating them and thus they went big with the FPC. I never like companies that goes big into something at lightning speed. One small mistake during the early stage will snowball into something massive which will be very hard to rectify in later stage. This can be seen with the big FPC strategy.

Now they are moving CU at lightning speed too. I wont be surprised next qr will be the same or bad.

Have anyone seen the interview FIRL done with them? Basically CU lets the manage be responsible for the outlet P&L. If I am the manager, and P&L is under my responsibility, I will continue to sell expired food, reheat food that was not sold yesterday, dont keep too much food to avoid losses, give smaller portion of something to max profit....

In the end, every out will be different, no consistency. These are managers, not businessman, expecting them to be a mini businessman while paying them a wage is a recipe for disaster.

mynews supervalue... this one, inside got a mini convenient store... they just cannot let the mynews name die, their baby. the sooner they realize the mynews brand is dead, the better it is.

Tan Sri resign liao?

hmm.... good news or bad news?

never. karim will never allow it to resume... unless new JM took over and release the SIR. by then, probably after May and defaulted on their bond again.

I believe they said one of their biggest wastage is ice cream they sold in mynews, obviously nobody is going to mynews and buy ice cream, or their bakery stuff. Now that 711 is moving towards the same FamilyMart concept with 7-Cafe, their wastage will go up too.

mynews should just accept the fact that mynews is a flop, even the name is outdated, and should slowly close it down, or at the very least stop selling ready to eat food in mynews as it is clearly not working.

If they PP at RM1 and can collect RM75m at 10% when market cap was around 750m, they can easily open 100+ news stores, thus solving their FPC underutilized problem. 1 stone kills 2 bird, no need to borrow ( with on going concern of rising interest rate ) and also speed up the opening of more CU stores.

Good news but stock price drop with insider selling... you know i know what to do.

@bad_advice

Actually, from what I read their turnover rate for their goods in mynews was kind of lousy, even before CU. Not sure if they are good paymaster to their suppliers or not.

hmm.... maybe the supplier for their CU stores is CU Korea and there is a limit? I dont think mynews stores need much financing or supplies.

@antoniomc27

Clearly you did not attend the zoom briefing. The management already explain it there, can you please go read up the notes before commenting. Thanks.

https://www.reuters.com/business/dyson-invest-11-bln-singapore-part-global-plan-2022-03-25/

To be honest, their debt to equity not that high. around 30%, so they can still borrow, but is it worth paying the interest seeing that it will take a few years for CU to break even. maybe that is why they dont want to do PP. time will tell.

What I find puzzling is why they did not do PP when CU was the talk of the town, that time their price was high... weird. Now that 7-11 is upgrading their outlets to 7 Cafe, this is another new competitor on top of FamilyMart and emart24. FM is profitable now, emart24 not yet but got mamee backing, 7 cafe got berjaya's backing.

my my my.... look who is here... pearlwhite and mabel. must be husband and wife tag team. invested in sapura? goodness....

QR out. go read now.

@flytothemoon

Last week bad mouth Yinson, saying how lousy it is... go to RM4.67 you dont want to buy... only when fly you go chase. After you buy, never fly and go down a bit you cry.

Do you think you can influence the price here? If you want to trade, you came to the wrong counter. Go try metal or palm oil counter.

@Ultimatekkg

Please read who is behind myairline... a scammer.

https://www.theedgemarkets.com/article/malaysia-see-entry-new-ultra-lowcost-carrier-myairline

MyAirline is a ponzi scheme. You go read about it. It was started by Datuk Goh, founder of i-serve, which was raided by BNM last year for running some scam. And who are the major shareholders of MyAirline? you go check, it is Trillion Cove, another company by Datuk Goh, a loan sharking business.

This MyAirline is a pyramid scam, Datuk Goh will send his agents to recurit people to invest, 30% return per year if you invest RM500K, and they promised you will get a piece of it when they go IPO.

They said the same thing with i-serve, will go IPO soon, invest now. Then they say the same thing with their k8xpress, gomart and season grocery.... invest now and they will beat FamilyMart and 99 and then dominate the industry and go IPO, you will be a millionaire.... all lose money. Now they do airline scam... like moonspace airline scam, remember that airline scam? go google.

@flytothemoon

I see, you've bought Yinson already. ESOS for employee is ok, nothing wrong, it is a reward. Maybe the employee wants it and want to subscribe to the RI too, who knows. Not happy, can always go buy dialog, a good company too.

karim cooked the books. go shah alam hq and find him

Inari got make chip? sorry for asking, I dont own inari, just curious.

Johan QR Report:

Further to the commencement on the commercial glove production through its first high-capacity double-former dipping line in November 2021, Dynacare is expected to commission the subsequent dipping lines in stages with a total of 6 dipping lines in commercial production by middle of 2022. The low production volume was mainly due to the testing and commissioning in the early months of production, Dynacare is expected to incur operating loss as a start up for the next six months of the financial year. Nevertheless, the Company has already secured sales with both local and overseas customers for deliveries commencing from 1st quarter of 2022.

RM10B to save sapura, where to get the money?

@Sslee

Serba PP investor got conned too... many many times. Not their hard earning money as long as they ditch it out. If it is our hard earn money, we have to put in 200% effort to know what we are investing in.

@i3lurker

Basically what you are saying is in the future intel, amd, qualcomm, samsung can incorporate things like bluetooth, wireless, memory, and etc into their chips... something like Apple M1 chip? thus we dont need a separate chip like broadcom? or a separate RAM memory .... everything inside the chip for speed?

Based on last quarter
Total Debt 6.38B
Total Equity 4.93B
Free cash flow -385M

negative free cash flow for 2 quarters, how can they have negative free cash flow in a bull market? am i missing something?

even serba drop till like this can claim make money, and glove too... either you are really good in trading or good in lying....

mabel... the best trader in bursa, better than soros. can always buy low and sell high. never lose money in serba, sapura, glove.... always managed to run before it drops... amazing.