Limit up? sure or not wo....

@Stocksafeplayer

How much you invested in Serba? Tell us please.

no banks will borrow Serba money, no supplier will supply anything without Serba paying in cash, no credit term.

and guess what, Serba got no positive cash flow, no money in bank.

@Stocksafeplayer

Glove and Serba losses means nothing to EPF. EPF is too big.

Oh no, Serba bankrupt soon, oil price is going to drop because of this. Oh no. how? Help.... This is your argument on EPF paying less dividend.

SERBA IS NOTHING TO EPF. NOTHING, but everything to you as you've invested everything into it and refuses to cut loss.

Public Mutual still holding 1.08% of Serba.

@8dragon

The only reason why karim cannot accept KMPG and EY's finding is because there is a difference between fraud and bad management. Fraud means go to jail eat curry. That is why die die also must sue to stop the report from being made public.

Those that averaged down.... God have mercy on them

They sue EY to repeat the same tactic, so that EY says because of this lawsuit, they cannot give out neutral judgment or opinion, and Serba can argue because of this, EY will make bad report.

All just to stop the truth from coming out.

Karim going to prison.

#TangkapKarim

nexia will never sign untill the SIR is released.

@Sslee

Only gamblers and the blind invest in AA and AAX hoping they can turn the company around. You can explain 1001 times but it will change their mind, like the crazy Mabel. At least Tony is not as crazy as Karim.

Bursa says release the SIR report
Serba says no FFU report

Bursa says go find someone to do SIR
Serba says why you force me to choose EY?

Serba playing with words, pusing pusing, deny....

Mabel, I think you have mental problem.

@getingreal

You're talking as if Serba is such a big company and if the defaulted their bond Malaysia will go down with it. Serba is nothing.

If Petronas or Maybank or Public Bank or some really big company defaulted their bond then Malaysia in trouble, but not Serba. Serba is nothing. Close shop also nothing.... one day, they will move to a shop lot and become a shoplot O&G co.

Karim, if you are reading this, remember how you pushed SCIB and KPower up and then push it down by selling your warrants. Have you ever thought about those that trusted you and bought at the peak? I remember KPower went from RM3 to RM1.70, so many people have paper lost, all due to you selling your warrants.

In AGM you said warrants are 'rewards' for loyal shareholders.

I call this Karma, all you care if yourself. Never thought of those that trusted you and bought at RM3. It was you that pushed Kpower and SCIB down, making people lose so much money.

Awang knew what was going on. Good thing I follow Awang. When a founder of a company sells their shares in such a big way, it only means one thing, either he is retiring or he smells something aweful.

Karim, Karma.

Bursa told Serba to get an auditor for SIR
Bursa never recommend EY
It was Serba that chose EY

Who said Serba was forced to choose EY?
Serba was forced to do SIR only.

Dont spin spin

It is too late to do anything anymore. I was kicked out of the Serba 2.0 Telegram group for telling people not to average down.... not sell ya, just dont average down. Well... I tried my best to save many lost souls that was eaten up by Karim.

Serba is now in ICU or Morgue, I dont know which.

Those that think can limit up when or if trading resumes need to wake up. Those in KPower... faster run before it is too late.

all the admin in Telegram Serba 2.0 group told people to average down and it is BAU and everything will be alright...

#TangkapKarim

#TangkapKarim

This coming quarter report wont be very good, what to look out for is next quarter report, where MCO was relaxed and ended. This is where the true value lies in.

#TangkapKarim

#TangkapKarim

SIR is either completed or almost completed and EY briefed both Bursa and Serba on October on their findings.

If the SIR is good, means no fraud or hanky panky, Serba would have released it immediately. But Serba knew the SIR is bad and shows KPMG was right, so they now sue Bursa saying the SIR is not required or was forced upon them.

Those that stood with Serba has money vested in Serba.

Serba rather get delisted than to see SIR made public.

https://www.freemalaysiatoday.com/category/nation/2021/11/09/mydin-boss-sounds-alarm-over-rising-chicken-prices/

So, what is the purpose of this new lawsuit?
It is to stop Bursa from releasing EY's report?
One thing for sure, the EY report is equally bad,
and Serba sue Bursa to stop this report from being release or being recognize as Serba said Bursa has no authority in forcing Serba to appoint a SIR report.

Whatever it is. the outcome is bad.

RM1.7B bond debt due in May 2022.

@UmarTaylorSwift

Dato Karim is not a bumi, not a Malay.

anyone that averaged down.... I wish them all the best.

Long term should be ok. Short term, hard to tell.

@nokia8250

1. Yes, they've been losing money for ages, I think only made money for 2 years because oil price crashed. Around 2016-17, and not every quarter also, some quarter still lose money. So, yes, they're disabled.

2. Go into RM100 debt? RM100 debt to zero is still ok, but AAX debt is RM1,000,000 to zero. What was the debt again? Liabilities of RM32 billion. Do you know how much TG or Harta made during that crazy glove rally? RM4 to 6B... even with these glove super profit also cannot pay off AAX debt. Maybank profit also cannot pay off in 5 to 10 years.

3. My analogy is not logic because you are emotional and have a vested interested in this AAX financially. If you think AAX can crawl out of this hole and make a profit in a few years time when they cant even make a profit before pandemic, then Tony must pray for more pandemic.

god give brain, but many choose not to use the brain to go read the financial report. some people choose to be food to sharks, they choose to be fooled and cheated, and when they got cheated, they play victim.

AA and AAX debt is so big, yet many willingly walked into Tony's ass, smell his shit and then claims it is chocolate with vitamin A.

walao eh, even if bankers forgive the debt, AAX also never made a profit before the pandemic, why now so special? It is like saying a disable person that cannot walk suddenly can walk again after a car crash, logic or not?

@JaneTan68

So desperate to create fake url with fake text? I also can lah

https://www.theedgemarkets.com/article/janetan68-goes-to-prison

leverage what? Underwear?

AA will fall to PN17 soon, just like AA. No way AA can ever pay back the debt, and no banker will ever accept that 0.5% repayment.

Yinson partners with GreenTech to develop EV charging infra in Malaysia – ChargEV to be part of JV

https://paultan.org/2021/10/29/yinson-greentech-ev-charging-infra-in-malaysia-chargev-part-of-jv/

We can't be in lockdown forever
we will beat covid eventually.
revenge spending and sudden huge demand will bounce back very quickly

https://www.youtube.com/watch?v=KAU3oV6Zhys

https://www.malaymail.com/news/malaysia/2021/07/09/khairy-10pc-of-malaysias-population-fully-vaccinated-against-covid-19/1988655

- He said by the end of August, Malaysia will achieve 30 to 40 per cent of the population fully vaccinated to observe a decline in the death rates based on the world data.

- We're entering Phase 2 on July 15th.

Move to SKP. EPF already dispose ATA and move to SKP. SKP will get all of ATA business once UK and USA and Europe ban ATA.

Buy SKP

Download the report from Bursa Market Place. TP is not always accurate, invest with your own judgment. If you're investing for the future in 5 years time, then this might be a good bet, not a sure bet but good bet we all can understand.

Maybank TP RM0.94 | June 28, 2021
Kenanga TP RM0.95 | June 28, 2021
RHB TP RM1.20 | June 28, 2021
CIMB TP RM0.91 | June 29, 2021
AMBank TP RM1.18 | June 29, 2021

1) Incoming New Products

The group managed to clinch the third product contract from its key customer (probably Dyson), securing a 100% win rate for this year’s tender activity. The first product already started production in April 2021 while the second one will begin in Dec 2021. The third product (beauty care) is slated to commence production in Mar 2022. We believe that SKP’s operational track record has managed to impress its key customer, positioning the group as the preferred contract manufacturer among its peers for future product awards.

2) 600k sq. ft. expansion.

Current utilisation rate is at its peak as existing products continue to see overwhelming order volume from its key customer. To fulfil the recently won tenders and take on more products award in the future, SKP has acquired a 6.4 acre land for RM14m in Johor Bahru and set aside RM45m for the construction of a new plant which is slated to be completed by July 2022, a slight delay from initial timeline of end-2021 due to the pandemic. This will provide an additional 600k sq. ft. of production space, representing a 60% increase from existing floor space.

SKP factory is in Johor. no shut down

Covid cases may be up in UK, but dead rate is down, so is ICU admission. I think every gov is getting ready for covid to be endemic, meaning it will just be like another cold virus once everyone is vaccinated, of course some people will still die of covid but it won't overload the ICU and cripple the healthcare system.

Life goes on, we live with covid.

Yes, RI is better than PP. Skin in the same, we die together.

Of course no que lah. If you see got que and only decided to buy, that time already fly liao. either you take some risk or none.

Ride your winners, cut your losers.
Selling your winners and holding your losers is like cutting the flowers and watering the weeds.

Earnings will continue to grow.

1) New jobs from customer X (Dyson)

After record high earnings in FY3/18 (which saw a 3-year net profit CAGR of 43%), net profit fell 23.7% y-o-y in FY3/19 due to weaker demand for ageing products. Note that the last contract secured by SKP was in Jul 2016. While FY3/20 saw another gestation period with net profit dropping 21.7% y-o-y, the SKP managed to secure several new jobs from 2QFY3/21 from its existing premium home electronics customer. These include a new vacuum cleaner model that it started producing in April 2021. SKP also won the contract for a new purifier fan model that it plans to start mass production by end CY2021. Approaching Mar 2022, SKP expects to start mass production of a new beauty care product. Overall, SKP reported a stellar FY4Q/21 results with core profit of RM30.3m (-30.4% q-o-q, +335.3% y-o-y) and this brought its FY3/21 revenue/ core profit up 25%/ 69.2% y-o-y due to strong demand from its main customer.

2) New plant to enhance production floor space

SKP’s management has recently clarified the Group’s next phase of expansion and this comes as utilisation of existing capacity is expected to peak soon. The Group intends to capitalise on opportunities from existing and new customers. Its imminent plans are to construct a new plant nearby its existing operations in Senai, Johor with target completion by end-2021. The new facility with 600,000 sq. ft. of floor space is expected to enlarge its production floor space by 60% with a capex of approx. RM65m. To capitalise on the prolonged US-China trade spat, the Group is in active discussions with existing customers on potential projects and also new customers who are looking to diversify their supply chain. These, if they materialise, would help expand its earnings base further in the long-run and diversify its customer mix.

I PROPOSE WE BAN SELLING. ONLY CAN BUY BUT NO SELL.

good or not?

only way is up up up and up.

btw, paper losers still not yet reply to my question. RSS was reinstated in Jan 2021, all glove counter started to drop since September 2020, why they all drop without RSS? Is it still RSS fault?

dont forget his 'palm oil' rally... how? super profit for palm oil counter? where? IJM PLT went up only because of privatization, not because of palm oil price.

palm oil price drop already.

calvin is a pump and dump expert, what he recommend, dont buy... con man with satan as his partner.

incoming 10 cents....

All paper loser cannot answer me.... why glove stock price starts to drop in September 2020 when there is no RSS?

All paper loser cannot answer me.... why glove stock price starts to drop in September 2020 when there is no RSS?