Gerard Lam

GillianTan78 | Joined since 2020-10-20

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Stock

2021-06-24 09:51 | Report Abuse

Sslee, material on site is held with Liwat L.L.P.

Remember got the dot in L.L.P., not Liwat LLP.

Without the dot one is owned by Jho Low


Sslee i3lurker maybe the RM500 million materials on site is a lie also. Where is it?

Shhhhhh! i3lurker I already sold it to masteel as scrap metal and pocket the proceed.
24/06/2021 9:29 AM

News & Blogs

2021-06-23 19:05 | Report Abuse

hahahaha is he referring to someone margin call and publicly said is tactical move?

Stock

2021-06-23 18:27 | Report Abuse

If I am CEO of a large company, I will fire my CFO for not being able to manage the auditors.


colin888 Why lah ! SD finance staff would know the truth! In. normal circumstances, auditors would not make this an issue. Don’t blame KPMG lah , blame Their CFO that cannot convinced KPMG the truth. The CFO should be sacked….or they cannot even confirm the matter. So many questions with no answers.
23/06/2021 6:21 PM

Stock

2021-06-23 17:51 | Report Abuse

Which big4 audit firm dare to sign the accounts after this?

Stock

2021-06-23 17:34 | Report Abuse

If Company A resign, it means that Company A admit that they were wrong. If Company A stay on, it means that Company A believe their work is correct and nothing to be afraid even if being sued.


Superhero9188 My only question - Why company A not resigned since the Client does not agree with what they wrote? What is the point hanging the same thing there for few weeks

Stock

2021-06-23 17:24 | Report Abuse

Can sue. Grounds solid or not is separate matter, also must consider legal fees

Stocksafeplayer If accounts not audited by SC/Bursa’s deadlines, can retail shareholders sue SD and its Board also?
23/06/2021 5:23 PM

Stock

2021-06-23 17:19 | Report Abuse

He got track record fixing hole? what type of hole?

colin888 Pease trust Karam . The boat is not sinking! Only have holes ….. they are sending Shaffee to fix it.
SD is the best OnG and I trust him more than I trust my family. How convincing. No fraud. They are innocent until proven guilty. Just like 1MDB. Guilty but still walk free. Malaysian boleh!
23/06/2021 5:18 PM

Stock

2021-06-23 17:18 | Report Abuse

Pharker, see your name also know you telling the truth. Is ok, just continue sarcasm will be happier =)


pharker Posted by ggcomliao > Jun 23, 2021 5:11 PM | Report Abuse

i bought at 0.72 cut loss already from bull become bear apa lagi cn mau

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

U not alone, I also sufferred loss. So now turn anger into sarcasm
23/06/2021 5:17 PM

News & Blogs

2021-06-23 17:13 | Report Abuse

Philip, add or cut loss?

Stock

2021-06-23 17:10 | Report Abuse

ggcomliao became racist and senile after buying at RM1.6 and refuse to cut loss.

Pls flag his racist comments


ggcomliao f u melei
23/06/2021 5:08 PM

Stock

2021-06-23 17:05 | Report Abuse

i3lurker, what if the vaccine is COVAXIN (India vaccine), all still ok or only some ok? =)


i3lurker no worries

Serba will be vaccinated on 31 June 2021 and after that all will be ok
23/06/2021 5:03 PM

Stock

2021-06-23 17:02 | Report Abuse

1. Lodge complaint to Bursa, SEC or MSWG
2. Average down and sell on techical rebound
3. Cut loss
4. Wait and pray
5. fk gerard
6. fk back ggcomliao with pisang

Stock

2021-06-23 16:59 | Report Abuse

What can minority shareholders do now? (My personal opinion, not advise)

1. Lodge complaint to Bursa, SEC or MSWG
2. Average down and sell on techical rebound
3. Cut loss
4. Wait and pray

please add on:

Stock

2021-06-23 16:51 | Report Abuse

i3lurker, how about Turkmenistan or Afghanistan? =)


i3lurker Under Emergency Powers you can actually appoint any auditor from Somalia, Yemen and some say South Sudan to sign audit report, just need Emergency Decree from Government.

anything can be done in Bolehland

23/06/2021 4:39 PM

Stock

2021-06-23 14:55 | Report Abuse

Silterra's EBITDA is projected to be US$22mil or RM90mil this year and rise to US$48mil or RM192mil

That works out to be projected profit after tax and minority interest of RM60mil (Due to lower depreciation as the useful lives will is prolonged due to machineries having more value over the duration and predictable fixed cost)

Ping is projected to be profit of RM75mil (90% interest and oil price at US$65-70/bbl)

NSW and others around RM15mil

Total DNex profit = RM180mil / 3.8mil shares (FY21) or RM250mil / 3.8mil shares (FY22)

At PE of 30x = RM1.42 (FY21) or RM1.97 (FY22)
At PE of 40x (Inari PE) = RM1.90 (FY21) or RM2.63 (FY22)
At PE of 50x (Greatec, UWC PE) = RM2.36 (FY21) or RM3.23 (FY22)

This excludes the expansion of additional 300mm (more advanced wafer capacity in FY23) and MEMS plus Silicon Photonics contribution in FY23)

Stock

2021-06-23 14:25 | Report Abuse

no wonder pearlwhite says invite KPMG is a dumb idea, he is stuck after punting.

Must be the 'real world' that taught him to punt and make loss =)

Stock

2021-06-23 14:13 | Report Abuse

@pearlwhite

since you say it is a dumb idea, what idea do you think is a good idea? since you have rich experience in "real world workings"

Oh, after the PC yesterday the share price fell even more. Prepared to see EPF disposing more end of the day?

Oh, you seem to criticize KPMG alot in your posts. Is it real world workings to keep criticizing others that do not have same opinion as you? Maybe the world you are referring to is Atlantis

Stock

2021-06-23 13:58 | Report Abuse

If there are really no issues, then invite KPMG to a PC to talk.

KPMG may speak their point, but investors and public will judge right or wrong.

Sue them will only make the public perception worse as it may be perceived as trying to shut KPMG up

News & Blogs

2021-06-23 08:58 | Report Abuse

just invite KPMG to PC la, matter resolved. Sue only lose more confidence from public

Stock

2021-06-23 08:53 | Report Abuse

if KPMG is invited to talk, more likely to limit up
if KPMG is sued, more likely to limit down

Institutional investors need to hear from all sides, not just one side.

News & Blogs

2021-06-15 09:50 | Report Abuse

stop it lah sslee.. you are becoming like Herbert Chua...

Stock

2021-03-22 09:49 | Report Abuse

Silterra increased ASP for 200mm wafer by 20-30% since beginning of the year.

ASP continues to be on upward trend as chip shortage situation worsens.

On Silterra's revenue of RM620mil (before ASP increase), every 1% ASP increase is 1% free profit.

Dnex and Beijing CGP will also pay off all remaining Silterra's borrowings of RM230mil, reducing interest cost to zero.

From ASP increase and finance cost savings, Silterra's profit is expected to be RM260mil - RM300mil.

This excludes Silicon Photonics segment that is experience high order growth due to widespread use in data centre.

Stock

2021-03-15 10:41 | Report Abuse

Minetec valuation:

i. Uniqa (Fintec) business -> Profit of RM10.5mil / annum (60% attributable to Minetech equals RM6mil)
ii. Selinsing Gold mine business -> Profit of RM0.3mil / annum
iii. Perak 9.99MW solar farm -> Profit of RM1.9mil / annum
iv. Bitumen business -> Profit of RM0.1mil / annum
v. Civil Engineering business -> Profit of RM1.8mil / annum

Total current Minetech profit -> RM10.1mil / annum

PE of 30x = RM0.26/share

Factoring in Kazakhstan oil business, which will further add RM0.24/share to Minetech, Minetech should be worth at least RM0.50/share

Stock

2021-03-11 15:31 | Report Abuse

Minetec's maiden venture into Renewables/Solar is poised to bear fruit.

LSS4 offers a large pie to Malaysian listed companies, including Minetec

Minetech's track record in 9.99MW floating solar farm is a testament to its ongoing investment in the solar space.

Stock

2021-03-11 14:03 | Report Abuse

In addition, there may be more opportunities for MyDigital and undersea cable that is yet to be factored into RM2.5/share value.

Value could be more than RM3/share if factored into.

Stock

2021-03-11 14:01 | Report Abuse

DNex's extension of NSW contract solidifies their position in MyDigital.

NSW contract is a guarantee RM100mil every year contract from the government.
DNex was given renewal due to their exceptional performance in execution of the NSW contract.

In addition, DNex is able to lower costs due to economies of scale having executed this project in the past.

NSW's profit contribution to DNex is expected to be RM35-RM40mil per annum.

Based on DNex's fully diluted share base of 2,868mil shares (2,157mil other shares + 711mil WD warrants), NSW contract value to DNex alone is RM0.39/share (Benchmarked with MYEG PE of 28).

DNex full value should be updated to reflect the updated value of NSW:

Silterra value: RM1.40/share (Per China CGP's plan to integrate with SMIC to reach RM4bil valuation)
NSW value: RM0.39/share
Ping Petroleum: RM0.7/share (Assuming oil prices at US$70/barrel)

Total DNex value: RM2.5/share

*Note that Silterra value may be bigger than RM4bil due to massive wafer shortage of 200mm fabs that is widely used in Electric vehicles

Stock

2021-03-09 14:17 | Report Abuse

ESOS being cancelled will lower tha shares outstanding, which will mean less dilution.

New ESOS are most likely to be issued at a higher exercise price, to motivate employees to work harder.

Stock

2021-03-09 14:14 | Report Abuse

Kpower and SCIB rise 1,000%, Minetech price dropped.

Who knows if Kpower and SCIB price drops 50% in the next one year, and Minetech rise 2,000%?

Nobody knows the answer.

If you are unhappy with Minetech's performance and turnaround, you should either sell or engage the management.

Complaining and badmouthing here does not solve anything, but only shows your true behavior.

Just a word of caution, be careful what you say and type here, people are watching.

Stock

2021-03-09 11:58 | Report Abuse

Minetec Chairman Dato Awang is hardworking and ambitious, which is a good sign.

Any turnaround needs time, so investors should be patient. As long as the company is on track. So don't expect any turnaround overnight, but accumulate and patiently wait.

Uniqa is growing as a leader in Fintech. It has large base in Indonesia and has networks in China. Once they venture into digital currencies or digital coins (Bitcoin and Eth), expect share price to be a multi bagger.

Chairman is also making concerted efforts to venture into renewables space and dispose off legacy business like quarry segment.

This company's future is bright if executed correctly.

Stock

2021-03-08 11:45 | Report Abuse

Softbank's Vision Fund 2 has been on the lookout for a 200mm wafer fab manufacturer to invest after the sale of ARM Holdings to Nvidia.

The severe shortage of 200mm wafer fab is hitting Japanese electric vehicles producers very hard.

There are rumours that major Japanese electric vehicles producers like Toyota, Nissan and Mitsubishi are ready to collaborate with the Chinese to boost electric vehicles that require 200mm wafer fab in large quantities.

Stock

2021-03-08 11:28 | Report Abuse

Softbank recently sold ARM Holdings to Nvidia.

Softbank sitting on a cash pile from sale of ARM Holdings.

They are now on a lookout in a partnership stake in a 200mm wafer fab due to surge in demand for 200mm wafer fab in electric vehicles and flying drones.

Stock

2021-03-01 18:29 | Report Abuse

Uniqa is a global fintec company with presence across ASEAN nations and China.

They could be in for applying Digital Bank license with one of their China bank partner.

If Digital bank is successful, their value should sky rocket

News & Blogs

2021-03-01 14:16 | Report Abuse

Downside risk is high for Supermax if they get dropped from KLSE Index, big funds will sell further.

Limited upside potential unless covid cases suddenly spikes.

Stock

2021-03-01 13:51 | Report Abuse

Minetech Resources Berhad, a company closedly linked with Serba Dinamik's director, Datuk Awang bin Putera, has seen its price rose to all time high last July-August at RM0.355, before correcting at current levels at RM0.19.

The company had recently announced its 3rd quarter results that reflected a turnaround into a commendable profit of RM0.238mil.

Outlook:

Datuk Awang stated in the quarter results release that he is confident that Minetech will be able to record growth in leaps and bounds in the immediate future:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3132066

Why is this so? It could be due to his confidence in Minetech's fintech venture and disposal of quarry segment business:

Fintech venture:

- Datuk Awang in his announcement to Bursa Malaysia mentioned that Minetech is in the process of acquiring a local fintech technology solutions company that specialises in a suit of payment solutions that has strong networks with two local banks.

- Datuk Awang currently sits on board of Orpheus Capital, a local fintech invoice and payment solutions company. Based on channel checks, the company is poised for enormous growth due to its potential in a proxy for digital banking.

- Valuation of this fintech company could fetch Minetech at least RM50-RM60mil annual profit per annum.

Disposal of loss making quarry segment:

- Based on the latest annual report, all quarry segment has been classified as discontinued operations and assets held for sale. This means that the quarry segment shall be disposed off by Q4 (Year end).

- On disposal, Minetech will no longer take into account losses from quarry segment and potentially recognise a one off gain on disposal.

Bitumen segment:

- Minetech's bitumen segment is in line with the recovery of Malaysia's economy.

- Bitumen prices has sky rocketed inline with global oil prices recovery.

- Note that Minetech is the only listed bitumen supplier that exports overseas.

- 3rd quarter results showed that Bitumen segment recorded a 77% rise quarter on quarter

Solar segment:

- Minetech's maiden venture into solar is expected to begin contributing to profits in the next quarter

Overall:

Based on potential Fintech venture alone, Minetech could be potentially worth RM0.65

Fintech venture = RM50mil profit / 1,165mil shares = RM0.043 (EPS)

At 15 PE = RM0.65

This is excluding profits from existing segments - Civil Engineering, Bitumen and Solar.

Stock

2021-02-24 12:52 | Report Abuse

Minetech should benefit from the recovery in market conditions. They are the only listed player that supplies bitumen and asphalt for import and export. Bitumen prices has been on uptrend.

There is also a shortage of bitumen worldwide.

Acquisition of Fintech company, likely to be Orpheus Capital, is likely to further boost its value.

Dato Awang has also been engaging with Kazakhstan counterparties for solar and oil projects.

Upside for Minetech could be very strong

News & Blogs

2021-02-18 08:44 | Report Abuse

Fair point. Then again, investors are forward looking.

Stock

2021-02-18 08:43 | Report Abuse

Minetech is similar to DNex, could be another DNex 2.0, twin engine of growth from oil and tech:

Minetech:
Bitumen segment (Bitumen price mirrors oil price), as bitumen is made from burning oil at highest viscocity
Fintec segment (Islamic e-payment + Virtual currency, highly correlated to cryptocurrency price movement)

Stock

2021-02-17 21:23 | Report Abuse

Orpheus Capital is a major player in e-Islamic fintec space.

Not surprise if Minetech rises to RM1bil valuation, or RM1.

Stock

2021-02-17 17:28 | Report Abuse

On why Khazanah dispose SilTerra, if it is going to be so good. Well this is anyone's guess. Khazanah sold many investments that went up many folds after their disposal. Not saying that Khazanah made the right or wrong decision.

Many factors drive investment decisions, it could be portfolio reshuffling or they felt operational performance would be better in other hands (+ JV with China)

What is important is the future of SilTerra and whether this supercycle is sustainable.

Stock

2021-02-17 17:19 | Report Abuse

Yes hafizsmj is right, foundry business is cyclical.

However, that was the past. Many foundry business companies were wiped out in the past 10 years and only a few remain, SilTerra being one of them.

As a result, foundry supply declined massively over the past 5-10 years, but due to the sudden demand spike in foundries, and President Xi's plan for China to build its own chip sector, it created a foundry supercycle (or is creating one in an infancy stage).

Imagine, SilTerra only supply foundry to mega China tech companies, how much can it go? It is anyone's guess.

China has closed its doors to Taiwan foundries, further limiting available supply of foundries.

Stock

2021-02-17 13:14 | Report Abuse

Fintec business (Orpheus): RM500mil
Civil Enginerring: RM200mil
Solar segment: RM30mil
Bitumen segment: RM20mil
Dato Awang's network (Potential Kazakhstan renewable energy business): RM300-RM500mil

Total potential Minetech value: RM1bil - RM1.2bil

Minetech is only RM233mil now. Potentially more than 500% upside

Stock

2021-02-17 13:11 | Report Abuse

Minetech also disposing quarry segment based on latest quarter results. Which means that Minetech losses are likely to turn into profit as Civil Engineering is profitable segment

Stock

2021-02-17 13:11 | Report Abuse

Likely to be Orpheus Capital. The network of clientele of e-Islamic services by Orpheus capital is very big. Based on latest funding estimated worth is more than RM500mil.

Minetech is only RM233mil now. Still got more than 100% upside.

Stock

2021-02-17 13:01 | Report Abuse

Silterra is the only Malaysian frontend chip maker. Chip shortage only directly benefits Silterra.

All other Malaysian tech companies like Greatech, Inari, Unisem, etc are all backend chip maker support services companies.

Silterra = Topglove, Supermax
Greatec, Inari, Unisem = HLT, Esceram

Stock

2021-02-17 12:56 | Report Abuse

So don't be surprise if EPF emerge as substantial shareholder in DNex in the next few days.

Stock

2021-02-17 12:54 | Report Abuse

To those who panic, ask yourself:

Question 1: Why is DNex price supported at RM0.55? Can retailers support DNex price so strongly?

Simple answer: Only institution can support DNex with such amount of money

I am sure that there is a high likelihood that EPF will emerge as substantial shareholder in DNex. EPF already has around 2% of DNex based on last Annual Report.


Question 2: Why does it make sense for local institution to buy DNex?

Silterra must be controlled by Malaysian at all times (Otherwise, the business direction of Silterra is at risk). This makes EPF more likely to mop up DNex shares as they must at all times control 50.01% of DNex.

Question 3: Is DNex overvalued? Since Silterra is currently loss making

DNex + China CGP has laid out the plan to turnaround Silterra to make it a unicorn tech company by 2025 with a value of US$1.5bil (RM6bil)

How much of this value is factored into DNex now?

Current DNex value = RM1.1bil
Discounted present value of Silterra = RM7bil (RM6bil in 2025)

Value of Silterra to DNex (60% of RM7bil) = RM4.2bil

DNex share price has only factored in around 20% of Silterra future value.

Look at Greatec, it has factored in more than 100% of its future value.

Stock

2021-02-16 21:54 | Report Abuse

To give a better context, just imagine Silterra is the only Topglove + Hartalega + Supermax + Kossan of chips


Worldwide shortage of glove = Directly benefit Big 4 gloves

Worldwide shortage of chips = Directly benefit Silterra (As Silterra is the only frontend Malaysian chip producer)

Other backend semiconductor companies like Greatec, Unisem, Inari are like HLT, Esceram (Support)

Stock

2021-02-16 21:47 | Report Abuse

correction: "Silterra being the only frontend Malaysian chip producer"

Stock

2021-02-16 21:46 | Report Abuse

Powerplay666, I can't predict timeframe. The timeframe depends on how fast the market believe in this value and also whether the sentiment is strong.

Sentiment is very strong now because oil price is above US$60 and a worldwide chip shortage (Silterra being the only frontend chip producer should benefit more than any other Technology sector stock in Malaysia because all of them are backend, with the exception of KGB)