2021-11-16 14:44 | Report Abuse
Can they please develop AI to detect accounting fraud as well?
or create AI to target who to sue next.
2021-11-10 19:26 | Report Abuse
XD XD XD
come on guys! have some sympathy, it's very unfortunate for SD to get sabotaged by 2 shoplot auditors lol!
2021-11-10 19:04 | Report Abuse
lol this is so dumb it's funny.
NEVER TRUST ANYONE WITH PhD FROM DEGREE MILL LOL!!!
2021-11-08 21:21 | Report Abuse
dumb fk supporters doing a vote as if it's going to change anything lol....
2021-06-28 16:02 | Report Abuse
wow a new low for Utusan, giving investing advice based on race and religion.... speechless
2021-06-28 10:50 | Report Abuse
Together with the group’s high net gearing of 77% currently, the likelihood of securing full financial support for the huge US$1.7bil (RM7.4bil) contract awarded in April 2020 to engineer, procure and construct an IT-focused innovation hub in Abu Dhabi, United Arab Emirates (UAE) now appears uncertain after recent revelations that Serba has an effective 49% stake in the project owner, Block 7 Investments.
Left hand to right hand... not the most transparent
2021-06-27 11:54 | Report Abuse
Hardcore supporters please buy heavily on Monday. Don't just talk, make sure you actually buy. No one is stopping you. I'd love to watch the outcome.
2021-06-25 19:34 | Report Abuse
where's the update regarding new auditor? or has Karim gone into hiding?
2021-06-25 18:35 | Report Abuse
Posted by SincereStock > Jun 25, 2021 6:32 PM | Report Abuse
how can bursa release QR if audit issue not settled?
sigh..... so many noob Malaysian "investors"...
QR is released by the company, and it is unaudited. Means they can report whatever shit they want.
2021-06-25 18:11 | Report Abuse
maybe no chance to sell on Monday, it could be suspended pre-market open.
2021-06-25 17:52 | Report Abuse
fanboys: KPMG must have paid the directors to resign.
2021-06-25 17:48 | Report Abuse
ikan bilis are screwed.... directors resigning
2021-06-25 17:12 | Report Abuse
Posted by bilisutara > Jun 25, 2021 5:10 PM | Report Abuse
Maybe we can buy back at below 20sen and keep for long term i.e. 6-7months. I am confident SD will rebound back to >RM1.50 but not now. I estimate will get back to RM1.50-1.70 in Nov-Dec 2021. But we no lose if we can keep 100,000-200,000 at 15-20cents per shares. Profit 10X after 5-6months.
not if they fail to refinance debt and go into default, that would mean the company is more or less finished for good.
2021-06-25 16:40 | Report Abuse
suspension soon.... good luck y'all
2021-06-25 16:32 | Report Abuse
lol it's funny Karim is talking to everyone for PR, except large shareholders whom he has absolutely no guts to face....
2021-06-25 16:09 | Report Abuse
PhDs from degree mills lah.... zero credibility
2021-06-25 13:52 | Report Abuse
MICG: Regrettable for listed company to file suit against external auditor
SD's board of directors is full of rubbish, just like our politicians.
2021-06-25 11:55 | Report Abuse
looks like either SD is getting suspended, or they have simply failed to appoint a reputable auditor. Either way it won't end well.
2021-06-25 11:26 | Report Abuse
shoplot gangsters are selling!
2021-06-25 08:43 | Report Abuse
why are you guys selling? later Ilyas would call you shoplot investors behaving like gangsters XD
2021-06-24 16:58 | Report Abuse
I believe they gonna come out with some excuses tomorrow with regards to the next auditor. Typical Serba Menipu....
2021-06-24 14:32 | Report Abuse
lol supporters please buy more.... i want my EPF money to exit
2021-06-24 10:34 | Report Abuse
lol all they are doing is cry "KPMG!!!" but they dare not to even meet up with institutional investors to explain. Read today's The Edge Morning Brief if you have a subscription. SD is pathetic.
2021-06-24 00:10 | Report Abuse
next thing dumb Ilyas would say:
1. Bursa is a shoplot exchange
2. SC is a shoplot regulator
3. We're a successful company
4. I've spoken to the government
Shoplot Chairman hahahahha
master of misleading - Chairman of SD
2021-06-23 20:19 | Report Abuse
SC, Bursa deny having spoken to Serba Dinamik chairman Mohamed Ilyas
lol Ilyas caught lying, a slap in the face. what do you supporters/trapped ikan bilis have to say about this?
2021-06-23 19:29 | Report Abuse
Status of the appointment of the independent reviewer
The Board had on 14 June 2021, agreed to appoint an independent reviewer to assess
veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.
However, as of 22 June 2021 the Company has filed a writ and statement of claim against
KPMG PLT on the grounds of professional negligence, breach of contract and breach of
Accordingly, the Board shall be deliberating this Friday 25 June 2021 whether the scope of
the independent reviewer has to be expanded or otherwise. Based on legal advice, the
Company is of the view KPMG PLT can no longer act independently as external auditors.
The Company will make an immediate announcement to this effect immediately upon the
finalisation of the aforesaid scope of work.
This announcement is dated 23 June 2021.
They sued to buy time lol. Such an urgent matter and they have to wait until Friday?
2021-06-23 18:53 | Report Abuse
they better get EY hired soon to gain some credibility, If even EY refuses the appointment, you ikan bilis confirm get fried alive.
2021-06-23 17:32 | Report Abuse
Karim & Co. must have been getting whatever they want too easily, until they thought issues like these can kaodim easily.
2021-06-23 16:33 | Report Abuse
well, KPMG basically said "Bring it on!".... now let's see if SD has the balls to play on.
2021-06-23 16:05 | Report Abuse
Under Section 320 of the Act, auditors are required to report to the Securities Commission Malaysia (SC) and the exchange any cases that adversely affect to a material extent the financial position of the public listed company (PLC), or any breach of securities laws and rules of the exchange.
2021-06-23 16:04 | Report Abuse
KPMG says audit was proper and will contest Serba Dinamik’s suit — but can a company sue its auditor?
2021-06-23 15:10 | Report Abuse
SO, RELOOKING AT KARIM'S PRESS CONFERENCE YESTERDAY, DO YOU THINK HE WAS TELLING THE TRUTH OR TELLING LIES?
My opinion is that they have been extremely evasive. What they have said is basically "KPMG is shit. We're innocent." when they should have addressed the transactions worth RM 3bil one-by-one. OR, simply hire EY asap to investigate, rather than throwing a tantrum at the press conference.
2021-06-23 14:57 | Report Abuse
Press conference was a joke. It was like a bunch of kids throwing a tantrum bashing KPMG but did not even put out anything substantial like what exactly they disagree with, what shocked him so much by the "shoplot auditor" etc.
This BOD is a bunch of jokers.
2021-06-22 19:32 | Report Abuse
Amid suit against KPMG, Serba Dinamik yet to appoint EY for independent review
lol you ikan bilis talking as if EY has already started work. you're being played by Karim & co.
2021-06-22 19:19 | Report Abuse
lol so obvious SD is trying everything to buy more time. I hope this suit gets international attention, SD has no where to run then
2021-06-10 17:49 | Report Abuse
Changes in Director's Interest (Section 219 of CA 2016)
SERBA DINAMIK HOLDINGS BERHAD
Particulars of Director
Name DATO' AWANG DAUD BIN AWANG PUTERA
GOOD LUCK HOLDERS..... director disposing...
If this isn't a red flag, i don't know what is...
2021-06-09 20:42 | Report Abuse
Serba is likely to default soon. There's no way they can issue bonds in situation like this and redeem maturing ones. BE WARNED!
2021-06-08 22:07 | Report Abuse
If you think Karim is trustworthy, please check where he got his PhD.
2021-06-08 15:59 | Report Abuse
high chance of seeing EPF's share disposal announcement today.
2021-06-08 12:16 | Report Abuse
this is pathetic... even their presentation slides look as if a secondary school kid did them.
2021-06-08 10:26 | Report Abuse
lol waiting for delusional ikan bilis to come and blame KPMG again and again.... grabbing myself a cup of coffee
2021-06-05 08:21 | Report Abuse
Lol there are still people supporting and living in denial here? And simply assumed inexperience auditors worked on this?? Lol you guys are funny, thing is delusion will only cause you more losses
2021-06-02 15:46 | Report Abuse
KUALA LUMPUR (June 2): Malaysia's largest fund manager Permodalan Nasional Bhd (PNB) said on Wednesday it was deeply concerned by developments at Serba Dinamik Holdings Bhd, which is under investigation by the country's securities regulator.
The comments from PNB, Serba Dinamik's fifth-biggest shareholder, follow the revelation last week that Serba Dinamik's auditor KPMG had not been able to verify contracts and transactions totalling RM3.5 billion with 11 customers, prompting an investigation by Malaysia's Securities Commission.
Serba, an oil and gas services firm, rejected those concerns and said there are no issues with the contracts. It plans to appoint an independent firm to review the issues.
"PNB has informed the Serba Dinamik board of directors of the firm's deep concern about recent developments," the fund manager told Reuters in an emailed statement.
It also said there is no merit in removing the appointed auditor before they finish the annual audit, adding it reserves its right to vote against any resolution to replace the current auditor.
Serba Dinamik's second-largest shareholder last week proposed removing KPMG as auditor after the audit issues first came to light.
KPMG, in its first public comments on the matter, told Reuters it remained in communication with Serba Dinamik but declined to comment further, citing ongoing investigations and client confidentiality.
Shares of Serba Dinamik have lost about 46% of their value so far this week. They were trading up 3.6% on Wednesday, after heavy losses in the last two sessions.
2021-06-02 09:58 | Report Abuse
price movement will be just like SAPNRG.... how the mighty have fallen
2021-05-30 11:10 | Report Abuse
During the one-hour session, reporters were not allowed to raise questions directly to Abdul Karim. The media were requested to type in their questions into a chat box. Only selected questions were picked up during the press conference.
LOL bodoh! So afraid to answer difficult questions and only answer selectively in an attempt to prevent themselves from digging a deeper hole.
2021-05-29 13:09 | Report Abuse
Lol at those pointing finger at KPMG. You have common sense don't you? Please use it.
Auditors would not screw clients for no reason BECAUSE IT IS THE CLIENTS who hire them. In 1MDB's case one can argue they might have turned a blind eye to continue being hired, which eventually led to them being criticized for not flagging potential issues.
In this case it is the opposite. They are flagging the inability of SD in providing satisfactory answers to queries. NOW THEY HAVE ZERO INCENTIVE TO DO THAT UNLESS SHIT IS REALLY SERIOUS.
No one is saying SD is guilty for now, but you noobs taking 1MDB as an example are foolish at best.
2021-05-29 09:59 | Report Abuse
Two local suppliers were incorporated on the same day.
Four local suppliers were found to have the same registered address as the two local suppliers above
Five out of the six suppliers were noted to have paid-up capital of RM100,000 each whereby each supplier is owned by an individual shareholder despite having transactions which ranges between RM60 million to RM96 million.
Looking at SD's rubbish explanation to the above is already a huge red flag. Good luck to shareholders. You can hope for the best but usually it isn't the case.
Stock: [HSPLANT]: HAP SENG PLANTATIONS HOLDINGS
2022-05-10 09:31 | Report Abuse
Ringgit is going down, export counters would be a good hedge.