SAPNRG already low..
But for me, its low risk. Good time to collect and buy now.

The price is already too low but for me, its low risk. Good time to collect and buy now.

SEB order book on new prospects and contract wins are still positive, based on analyst view. Oil gas price remain high until year end and i bet more opportunities for Sapura

Walaoeh, Sapura damn cheap right now.
better buy it now....before u regret

i think during this covid season, its very hard lah to come out with profit especially when it comes to projects delay. sap have a huge order book and already bid on several other projects.

Next quarter most likely turn into the black dy. just hold for now and wait

even aminvestment suggest buy call and sap being pick as the heavyweight for malaysia OG sector. need to wait patiently and collect once rebound

Confirm this counter will be rebound soon after new CFO coming

Relax guys... It's time to buy now!!! oil price is rising

Sapura Energy wins FEED for Dorado wellhead platform

https://klse.i3investor.com/blogs/ongmy/2021-08-26-story-h1570574506-Sapura_Energy_wins_FEED_for_Dorado_wellhead_platform.jsp

I bet on this counter at the moment. SO cheap. Keep hold and buy buy buyyyy.

Keep holding. The counter will go up hopefully.

Good opinion and view on Serba Dinamik situation. Stop the speculation and let the related parties do their job. Dont pass judgement easily until proven guilty.

Serba Dinamik current share price does not make sense

Recently Serba Dinamik dunked a record profit in the latest quarterly report by the company. At the current swing, Serba Dinamik fundamentals are still solid because their cash flow is still hevaily backed up by the current oil & gas market. Unfortunately the stock price keeps going down.

This in a way opens the Malaysian stock market to the power of speculation. For years, BURSA remained steadfast and try to remain bullet proof to speculation.


Unfortunately what is happening to Serba Dinamik is worrying. It is true that they are facing a few stumbling blocks in regards to their audit report. However, the audit report is not finalised yet but people are quick to jump on the bandwagon to cry foul. Our society's long standing culture and principle has always been innocent until proven guilty. That is why we have proper legal mechanism to ensure all parties are equally protected.

But the sad reality is the stock market is strengthening by mob mentality, a hint of speculation and people are quick to pass judgment. This not some random coffee shop gossip hour. This is a billion dollar mark on the economy. Words hurt real working class people.

Serba Dinamik has been open so far. They want another auditor to close the report, willing to cooperate with SC and open to legal channel to clear their name. Most importantly, they want business to continue as usual and have maintained the confidence of their oversea business partners.

Their profit in this quarter is a good sign. Do not succumb to market speculation. Do not start a mob economy. Innocent until proven guilty.

KPMG negligence that left serba dinamik with billions loss. And the management is at fault? How is that making any sense. If the leaderships are faulty. Long time already the company will not rise to where they are now. They wont be one of the best bumiputera oil and gas companies.

Posted by TedTock > Jun 25, 2021 4:15 PM | Report Abuse

This is not SD vs Kpmg. This is SD vs itself. The one that made things spiral out of control is SD’s leadership

The best the non believers should do is maintain their composure and let the things move slowly to the final truth.

If its true like someone said that once kmpg has resigned, bursa and sc will look into it more thoroughly. Let them do their job.

Im curious to see the end of this issue. I believed that both serba and kpmg will equiped themselves with their own firepower to fightt this case

but im feeling that serba dinamik gonna have the upperhand.

Kmpg response is simply just another 'no comment' response to the lawsuit. To avoid saying anything that could implicate them further. Duhh. After some time. Thats all they can say? Lets see if they this case will be another of their list of losses.

Imagine everything blown out of of proportion just because a unprofessional mistake that shouldt have been done by a reputational yet controversy company like kpmg. Yet people mock serba dinamik for attempting to sue? Heck no company will act silent if this one kena to them too.

"KPMG has also raised the issue of conflicting IT contracts involving foreign vendors where in the contract the name of the company involved is set as L.L.P, while claiming Serba Dinamik, in the invoice of the company which in turn refers to themselves as LLP.

According to Serba Dinamik, the difference between these two abbreviations is similar to the issue of companies having "Sdn. Bhd." and "Sdn Bhd" where these matters are not substantive in nature and can be easily resolved with diligence."

The volume up looks like the people who know the potential of serbadk are more than the people who scared and keep spreading panic in this forum. The same rebound happen in the previous good news. If you know you know folks.

Guys, look at Serbadk share price now, very cheap.. go buy go buy.

Who said death. No death. If i wanna die it go down lower already in the first place. This is opportunity if want to buy at low price and trust it will settle good and sure the price will go up back. simple. Low risk. High benefit.

Just because they disposed doesnt mean everything is sinking. These substantial holders also buy and sell at other times. They still hold a lot of serbadk. If the ship is going underwater why wont they disposed all. They still holding means theres something they strongly stand on.

Yes. Once they got new promising findings. People feel assured dy with serba dinamik. The price will gradually recover back. By then whoever ran away from this earlier will regret. Now can lah mock mock here and there when it down. See later what happen when it starts to rebound.

Even mswg has step and gave their opinion on serba dinamik. Mswg's role is to protect minority shareholders from being cheated. These are the guys who have listen to minority calls and has vocally criticised big big companies when they messed up. Remember that. And these guy commended the action so far from serba dinamik. They agreed that the new independent directors on board would mean better corporate governance, will expedite the effectiveness in solving the issues. And they agreed that the company is entitle to a 2nd opinion. If these people can give a benefit of the doubt to serba. I dont see why i cant too.

Analyst also supporting serba dinamik's decision to hire ey as it will help provide more assurance to the market. HLIB also said it is a positive step forward for the company as it displays confidence to the shareholders. They even upgrade their sell rating to hold for serbadk

https://www.nst.com.my/business/2021/06/698853/serba-dinamik-instils-confidence-shareholders-hlib-research%C2%A0

Serba Dinamik Holdings Bhd's move to appoint Ernst & Young Advisory Services Sdn Bhd (EY) as its independent reviewer and three independent directors and non-executive directors to the board could instil confidence in shareholders.

Hong Leong Investment Bank Bhd (HLIB) said the appointment to assess veracity and accuracy of its audit issues was a positive step for Serba Dinamik due to EY's credibility as one of the top four accounting firms.

The oil and gas (O&G) services company had also appointed three individuals to its board namely Datuk Mohamed Ilyas Pakeer Mohamed, Masleena Zaid and Johan Mohamed Ishak as independent directors effective from last Friday.

"The appointment of Masleena, who is the managing partner of Messrs Masleena, Yee & Partners is a positive step for Serba Dinamik as she was previously the head of section at the Companies Commission of Malaysia from July 2008 to December 2009 and prosecuting officer at the Securities Commission between February 2001 and June 2008," said HLIB Research analyst Low Jin Wu.

lol looks like someone is cherry picking facts and findings here. Even Yinson themselves claim that calvin is spreading factually wrong info.

cant be trusted lah u so called research many people get conned dy. always other way around

ENERGY infrastructure and technology group Yinson Holdings Bhd has distanced itself from its oil & gas (O&G) peer Serba Dinamik Holdings Bhd, following a damning blog which the former claimed to contain “factually wrong” allegations about the state of its financials.

https://focusmalaysia.my/yinson-plays-the-distancing-game-dont-compare-us-with-serba-dinamik/

Covid drop below 5k. Serbadk volume is looking promising. Many uturn say wanna buy. Is today the day where everything start getting better? Buy buy buyyy.

Dont panic. Yes the drop is expected from the negativity. As far as we know, the thing is still progressing and been updated. No silent silent suddenly prapp big news came in. Can see they are trying to solve this issue. Recently said that the company is working to get in another 3 independent on executive director to help in solving the issue examination. This show their effort and confidence in getting this mess wrapped up. You think that these people that are very experience in the sector would want to get near to serba dinamik if its a sinking ship? Why would they. Not making any sense to me.


https://focusmalaysia.my/serba-dinamik-to-add-3-new-ineds-to-expedite-search-for-solutions-of-sorts/

SERBA Dinamik Holdings Bhd is believed to be roping in three new “hands-on” independent non-executive directors (INEDs) to accelerate the formation of two review bodies tasked to examine auditing issues pertaining to its FY2020 financials that have been flagged by external auditor KPMG on May 25.

Zuliana if what you say is true. EPF have already sold their 367million shares if the true value is 60sen. why bother holding on to your hundred millions of shares if you dont share the opinion that the price will rebounce back soon. Even Awang oso still have 70mill shares in serba.

The media are just sensionalizing the issue. Dont just go haywire without reason and follow the trend to sell. When epf sell its bad? When kadier and karim buy also bad? if nothing is positive. Then what is. When the price finnaly spiked? Then its too late already. Understand the investment and trading fundamental. Know what we invest in and put trust on it. Things are not as bad as the what been potrayed in the media. Just collect whatever u can now and hold patiently.

You guys can read whatever speculation, rumours, theory. But choose which to believe and wait for the findings. Know what ur stock, know when to buy, know how to invest. DOnt just simply gamble. For me it is the right time to buy serbadk. Despite the hype of the audit issue. The progress shows the odds are still in favour of serba dinamik. Price already 60 sen. This is the right time.

The share price of Serba Dinamik Holdings rebound to 4.5 sen or 7.26% this morning to 66.5 sen after dropped to 61 sen since the audit issue a few days ago.

https://www.theedgemarkets.com/article/serba-dinamik%E4%BA%A4%E6%8A%95%E5%A4%A7%E7%83%AD%E4%B8%AD%E5%8F%8D%E5%BC%B9

Posted by Shinobi > Jun 7, 2021 12:03 AM | Report Abuse

After that, let’s take a look at the third point which is the information about the customers and suppliers of Serba and Bahrain. Here is also to tell you that Bahrain is a fact.

However, it is not accidental that KPMG suddenly throws shock bullets. In addition, many of the questions raised by KPMG are relatively low-level issues, such as telephone numbers and addresses and the Serba also responded, and I think that if Serba deliberately falsified accounts, it would not fail to take these simple questions into consideration. So why did KPMG suddenly throw this bomb when the Malaysian stock market is most vulnerable? Who gave the instructions behind? There are some conspiracy theories circulating on the internet. Some say it is because our Finance Minister asked KPMG for funding for 1MDB in May. Some say it is a political infighting in Malaysia and some even say that these are the US’s economic impact on Asia. After all, if KPMG intends to make trouble on this issue, I believe that more information will surface in the future. So, do you think this matter is Serba really making false accounts or someone instruct behind it?

This looks like legit things to ponder about KPMG. Well well well.

Posted by Shinobi > Jun 7, 2021 12:03 AM | Report Abuse

THE CONTENT OF THE FILE: SO CALLED THE INSIDE STORY,..RELAIBILITY UNSURE....
This incident originated on May 25, 2021, when Serba suddenly distributed an announcement stating that they had been notified by their external auditor, KPMG, stating that there were problems with some statutory audit matters. Later, the board of directors is also appointing an independent company to start a special review to evaluate this matter. After that, the 26th was a Wesak day holiday, and there was no trading. Then on the 27th and 28th, Shiba suddenly announced the suspension of trading for two days. At this time, everyone felt that this matter was not simple. Then on May 28th, Serba announced their response to the Special Independent Review issued by KPMG. So here is the beginning of the story. So back to their review report, I believe everyone has seen it shared by many people on the Internet, here I will briefly explain to you, and then analyze their doubts and rationality.
First of all, the first point raised by KPMG is the confirmation of sales and transactions, accounts receivable and balances for certain Serba customers KPMG stated that they have sent confirmation documents for 12 customers, but only one customer replied to this document. And the sales amount involved in these 12 customers is 2.32B the accounts receivable is 652M and the balance is 569M. Later, in order to facilitate the whole process, Serba once again sent a second confirmation letter to the 11 customers who did not respond and received responses from all customers. But until the meeting on May 3, KPMG stated that they were still unable to verify the authenticity of the confirmation document and the signatory of the document. To put it simply, the first point that KPMG put forward is that they can't confirm who are Serba’s customers even though they get a reply. In response to this, Serba’s response on May 6th was that they suggested arranging KPMG to hold meetings with their 12 customers to communicate and solve problems in other ways. Moreover, Serba also suggested KPMG to issue the third confirmation document again, and share the signatures that KPMG feels unable to confirm or have problems so that they can take further investigations. After that, the company's management also said that they will continue to help KPMG in this matter. From this point, I feel that Serba’s reply is reasonable instead that KPMG did not make any response to Serba’s reply after May 6 and then distributed it in a special independent review. This raises suspicion.
Coming to the second point that is, Serba's transactions with local suppliers and the balance of accounts payable. First of all, KPMG stated that they found that 2 local suppliers were incorporated on the same day and the registered addresses of the other 4 local suppliers were the same as the registered addresses of the two suppliers just now. And the paid-up capital of 5 of these 6 suppliers is only 100,000 and they are all held by one shareholder, but the amount of transactions they involve is as high as 60 to 96M. From the second point, does it seem that things are not that simple anymore? Let’s take a look at how Serba explained. They stated that the Malaysian government established a “Vendor Development Program” (VDP for short) in 1998. The purpose of this program is to develop and promote indigenous vendors in the manufacturing and service industry. Serba also became a supplier of Petronas in 1997 and graduated from the VDP program in 2007, and the government also designated Serba as the pillar company of the VDP program afterwards, and the companies mentioned by KPMG just now were evaluated and recommended by VDP relevant departments, the recommended company does not require a large share capital as a selection criterion, and new suppliers that have just been listed in the VDP will also be considered
So this is Serba’s response to why their suppliers only have 100,000 paid up capital. What we see here is that Serba has mentioned his two big brothers: Malaysian government and Petronas. So what does this mean? Serba’s explanation of suppliers having the same address is that their registered addresses are the addresses of their company secretary, and they all use the same secretarial serviceIn fact, it is reasonable for a company to use the address of their secretarial service company as the mailing address. I believe some business friends will do this too but all companies have only one shareholder, which is a bit strange. After that, the two suppliers were also willing to meet with
KPMG, but KPMG did not make any response. Then, Serba also stated that the total transaction volume of these 6 companies is as high as 481M as KPMG stated but similar to the first point is that Serba responded as early as May 6 but KPMG has not yet responded.

hmm looks like what @shinobi is talking about quite makes sense. the company has a lot of portfolio overseas. involved in a lot of mega projects partnering with vendors locally and international. hopefully serba not victim of politics lah. if every company like this when lah Malaysia want maju. always Malaysia boleh jee when can we really become boleh. hope later I can collect back at 1.60

Be patient. This is all because of the sentiments. Fear. believe that fundamental value of the company must always take into consideration. Business performance and prospect. Once the issue cleared. Fear gone. Its gonna go back up again.

I bet on SAP and Serba at the moment. SO cheap. Keep hold and buy buy buyyyy.

Even Dato Kadir withdraw the plan to change auditor which means they are still working with kpmg. he even up his share another whopping 5million. he wont buy more share lah if he is not confident that the price will go up.

lol they already decided to call off the egm lah. i think they already resolve the issue. might have overlooked things and solve it together. just wait and see the announcement

Posted by Stockisnotfun > Jun 3, 2021 11:09 AM | Report Abuse

You got to remember the timing he bought the shares. He bought the shares when he think that time he able to change the auditor from the EGM. Definitely EGM final result will vote to change the auditor.

very hopeful this counter will go up lah.

if not my asb dividend will also affected. if all my stocks go down die lah like this aaaaaa

hopefully, dialog also go up lah need to collect summore

huat ahh!!

i think if they decided not to kick out kpmg as auditor, maybe at the first place nothing is wrong? i mean they can back all the findings and issues thats why they cancel the egm.

Posted by Valgrovest > Jun 3, 2021 8:51 AM | Report Abuse

They call off the EGM to sack KPMG becoz they know they are not going to lose in the vote. Previously they said they have done nothing wrong. Now they decided to call off the EGM and not to sack KPMG meaning to say they have to agree with KPMG and that mean something is wrong with the accounts. The issue remains (not resolved) - what are the audit issues and are they able to provide the supporting documents & verification for the RM3.0bil revenue??

Im still optimistic with this counter regardless of whatever that is still ongoing. When everyone is fearful, be greedy and when everyone is greedy, be fearful. Peace.

From the disclosure, we can see that the company gave full cooperations. Serba looks like they got nothing to hide also. They have responded to KMPG queries and yet to receive any feedback till today. Now some said that KMPG say no major issue already? Pfft.

Buy buy buy. Dont miss the trainnn

Im betting on sapnrg and serbadk. Don wanna miss any trip.