Company Brief

Serba Dinamik Holdings Bhd has appointed Siti Zaleha Sulaiman, former head corporate risk management at Bursa Malaysia as an independent director and nonexecutive board member. She is joined by former director of the Special Branch Datuk Seri Mohamed Farid Abu Hassan whom was also appointed to the board yesterday. (The Star)

https://klse.i3investor.com/m/blog/MplusOnline/2021-07-08-story-h1567867490-Mplus_Market_Pulse_8_Jul_2021.jsp

Today starts differently with the last few days.

Red alert.

Just to stay watch only mode today

Genting should call Ronnie Lu to come and support now.

If not, will always red

But if you are really making money limontea, then it is gold for you.

No harm

Is it?

But aminvest silence when the movement is not as per they predicted. Public bank consistently hold their analysis since last week

Posted by limontea > Jul 7, 2021 1:11 PM | Report Abuse

@Gerrardo, AmInvest more accurate, call sell 0,530 twice.
I stay sidelines for the time being.
If continue to go up, then maybe not my rezeki. I accept.

Still better than aminvest.

Heee

Posted by Loh Kok Wai W > Jul 7, 2021 11:59 AM | Report Abuse

Public Bank invest comment can't believe any more...you will lost more........马后炮。

For references

PublicInvest Research Headlines - 7 Jul 2021
Date: 07/07/2021

Source : PUBLIC BANK
Stock : TOPGLOV Price Target : 4.40 | Price Call : HOLD
Last Price : 3.90 | Upside/Downside : +0.50 (12.82%)

Source : PUBLIC BANK
Stock : HARTA Price Target : 9.75 | Price Call : BUY
Last Price : 7.06 | Upside/Downside : +2.69 (38.10%)

Source : PUBLIC BANK
Stock : SERBADK Price Target : 0.44 | Price Call : HOLD
Last Price : 0.50 | Upside/Downside : -0.06 (12.00%)

Yes. It more likely to be sideways.

But if there are news from SD, it may affect the movement again.

Just wait for their next action

Posted by limontea > Jul 7, 2021 11:52 AM | Report Abuse

@Gerrardo, but Public still maintain TP 0,440.
I think price will be sideway until things cleared up, or got further +ve progress on the audit case.

Maybe.

Maybe they have info and analysed it to decide on hold

Posted by limontea > Jul 7, 2021 11:25 AM | Report Abuse

Public Mutual holds 0.98% Serbadk share.
Maybe that's why all this while Public call price is HOLD kot?

Public Bank still suggest to Hold SD since last week.

It seems like Public Bank very confident that SD will nkt go lower than 0.44


Source : PUBLIC BANK
Stock : SERBADK Price Target : 0.44 | Price Call : HOLD
Last Price : 0.50 | Upside/Downside : -0.06 (12.00%)

Today it start with red.

Waiting for any news today for further action

0.50 -0.01 (1.96%)

Just hold for tomorrow.

Still got potential to uptrend

Posted by limontea > Jul 6, 2021 1:23 PM | Report Abuse

Ya, if can close 0.480 today sudah cukup baik. I not greedy.

Should be interesting trading today

Posted by ratz > Jul 6, 2021 10:19 AM | Report Abuse

ANOTHER STRONG BREAKOUT AGAIN NOW???

Already reach 0.50 as per Sunpipi prediction.

Now it is really up to the market

Posted by Steady Punpipi > Jul 6, 2021 9:39 AM | Report Abuse

My hint at 0.50 oledi my all in spare cash last support ...the rest is up to mr market ...go go go

25.97% change
And did reach 0.50

Good indicator for tomorrow

: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Last Price Today's Change Day's Range Trading Volume
0.485 +0.10 (25.97%) 0.395 - 0.515 1,494,985,600

A lot of Karim haters dont believe that this SD can survive last friday.

Yet today, a green day for SD since morning

Posted by 7chewe > Jul 5, 2021 4:56 PM | 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!!!

I think that there will be more upcoming companies will change their auditors after this.

Bye bye KPMG

Posted by Plantermen > Jul 5, 2021 9:39 AM | Report Abuse

Negligence or unprofessional work if proven by Shafie. KMPG better
pack up. This year alone MBSB and Petron already replaced KMPG as their external auditor { replaced by PwC } not forgetting GE drop KMPG as the ins auditor

Many tried to condemn SD here, but yet they are still survive.

Wah. Started with green.

SD really know how to start their Monday

Serba passes Bursa’s D-day for independent reviewer with flying colours
By Cheah Chor Sooi
6 seconds ago
in Featured, Markets, Top

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:

More news on SD

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

Once they announce, the price rebound

https://www.airtimes.my/2021/07/02/ey-sah-juruaudit-serba-dinamik-imej-terus-meningkat/

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

Interesting.

https://focusmalaysia.my/serba-dinamik-all-set-to-resolve-independent-reviewers-appointment-today/

Wah. Ok nice.

Thanks for the info

Posted by Silentreader88 > Jul 2, 2021 10:59 AM | Report Abuse

Gerrardo, others dont know haha. but top 5 active volume in bursa today serbadk, scib,scib-wb,dnex,kpower

What about other counters? Up or downtrend?

Or only these 3 counters active?

Posted by Silentreader88 > Jul 2, 2021 10:34 AM | Report Abuse

at the time of writing, SCIB already up 89% from its lowest, KPower 56%, while Serbadinamik ONLY 28%. So those who wanna talk dirty, GO AHEAD. brilliant investor/traders will know what to do and what to catch. :)

Public bank still with hold strategy. Target price 0.44

Posted by Throwdown > Jul 2, 2021 10:16 AM | Report Abuse

Serbadk will collapse completely. UOB downgraded Serbadk to sell with a target price of 20 sen

Now uptrend in here.

Should reach 0.40 this afternoon

Yah. Maybe no suspension today.

Posted by williamtkb > Jul 2, 2021 10:16 AM | Report Abuse

Someone should have insider news and sapu a lot yesterday. I don't think today will suspension. Everyone waiting sales in red red sea today.

Hahaha. Steady sunpipi already look like paktua

Enjoy

Posted by Steady Punpipi > Jul 2, 2021 10:07 AM | Report Abuse

Oh baby I shake you from now on
I'm gonna break down your defenses
One by one
I'm gonna hit you from all sides
Lay your fortress open wide
Nobody stops this body from
Taking you

Another new business venture by Serba - Space Technology.

Definitely one of future prospects of value

https://fb.watch/6td5KaIlFL/

This is the main news that we want to know immediately.


“Important developments for now would be the official appointment of its independent reviewer amid the July 2 deadline given by Bursa Malaysia and replacements for the five independent directors who quit last Friday (June 25).” – June 30, 2021

It will be a tremendous change if this is announced immediately


izoklse
3886 posts
Posted by izoklse > Jul 1, 2021 12:30 PM | Report Abuse

Maybe that possible news is :

EY acceptance and receive all audit doc from KPMG.

OR

Appointment of new board members

Let see either they can break the 0.35?

: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Last Price Today's Change Day's Range Trading Volume
0.34 +0.01 (3.03%) 0.325 - 0.35 272,580,900

It seems like SD also is uptrend for the time being

Posted by azlanao > Jul 1, 2021 12:10 PM | Report Abuse

kpower and scib look uptrend

Mabel also so confident.

Got high fighting spirit against the naysayers

Posted by Mabel > Jul 1, 2021 11:28 AM | Report Abuse

#Mikecyc Haha kucing now blowing OGSE theme ke...can give Best 3 stocks ? Dont be chicken...
01/07/2021 11:21 AM

Told you oledi ConMouse love to sniff around after loosing big time in Armada..

Mickey ConMouse is totally run of idea
Every day parroting same cerita
He will face the same fate like in Armada
When the tsunami happens, he will be MIA...

Thank you Mabel Body Shops..

Meow Meow Meow

Start with green, end with red?

Let see together the movement

Posted by IbnuShaari > Jul 1, 2021 11:54 AM | Report Abuse

today and tmrrw f/Selling are quite heavy. If the market cannot absorb, it may close red today.

Everybody is waiting at 0.30, but it rebound again as usual

Hahaha.

Missed out?

Posted by DickyMe > Jun 30, 2021 4:00 PM | Report Abuse

30 sen coming soon!

One of real fact.

Just eager to see how Serba will survive and rising back

Posted by Steady Punpipi > Jun 30, 2021 9:43 AM | Report Abuse

SDK is too strong to be suspended ....Karim and Team will not allow it to happen ....reliable sources

Others already green. Let see if SD can also go green

Posted by azlanao > Jun 30, 2021 9:41 AM | Report Abuse

kpower scib green

Good. They need to announce it immediately

Posted by EmperorFund > Jun 30, 2021 9:40 AM | Report Abuse

Latest news...my sources say EY to be appointed today ! Hopefully its true

Let see if it can reach 0.40 this afternoon.

Then it will be interesting to see how the market end today

I heard it too.

Any of big GLC maybe?

Posted by EmperorFund > Jun 29, 2021 9:50 AM | Report Abuse

My sources told me Big Funds may be returning...Dont know how true...

A lot of naysayers in here.

SD is like their personal enemy. You can see from the postings

Hahaha

Posted by ratz > Jun 29, 2021 9:44 AM | Report Abuse

Be smart. Separate yourself from others

If the revision findings are good and positive, it will be really interesting to see how much difference it will affect this counter

It seems like Serba is really serious to get this semakan semula to be done immediately

https://dagangnews.com/semakan-semula-audit-beri-harapan-baru-buat-serba-dinamik-penganalisis-6885

EY will be the another option to give opinions

"SERBA Dinamik Holdings Bhd will appoint credible corporate leaders to replace the resigned directors as soon as today or latest by Tuesday, as part of its move to reconstitute its board and shore up market confidence in the embattled counter.

The company is seeking to appoint Ernst & Young Advisory Services Sdn Bhd (E&Y) as its independent auditor to review the issues raised by its former external auditor."

Something i found just now.
Read

https://themalaysianreserve.com/2021/06/28/serba-dinamik-to-rejig-board-with-reputable-appointments/

Really trusted sources meh?



EmperorFund
849 posts
Posted by EmperorFund > Jun 28, 2021 12:49 PM | Report Abuse

Sorry...my sources only confirm BDO and EY rejected...no other further info..will update once get further info..