Bursa style, bad qr = tomorrow up.

I've been researching their milk product. Can't find it on Walmart or Amazon. Can't even google anything related to their milk product in USA, Canada or Mexico. Am I missing something?

Yes, therefore CIMB will do whatever it takes to make sure it doesn't cross the 5.55 price. Thus price will remain so until after October 29th, unless Yinson won a tender or something, then CIMB cannot do anything to stop it.

Soy price dropping, but palm oil price remains high. means chicken feed price will drop while their palm oil profit remains high.

Now on average 300K get vaccinated per day, 200K first dose. If 200K x 30 days, this means 6 million people will get vaccinated with their first dose. As for now, 20% already on their first dose, this means by end of the month, 12 million people would have gotten their first dose, which is good enough, that is about 40% of the population.

I am predicting by end of August we will have more than 50% vaccinated with 1st dose, and if we do win the Olympic gold medal for badminton with the promising new rising star, our country will go into positive mood.

Dollar cost averaging is still the best strategy, do it gradually. leave 20% cash. The future is bright.

EPF and KWAP are buying, they sold ATA.

Well.... all those say they are so lucky can collect cheap ticket, then say RSS helping them to push down the price so they can collect more....

All started as gambler, hope to go in fast and sell for a profit, ended up as long term investor.

@tongtamarat

Nice try, you want the price to go down so that you can buy. Not smart. If your 1 comment can move the price, then this stock is not worth the value it is. dont waste your time, market too big for you to move.

I told many in Telegram TG group not to average down... but I was ban. TG is profitable and good, but the trend is not good, best is to wait and see. If really want to average down, wait for the worse news - WHO declares end of pandemic and covid is now endemic. Then you only buy.

But no, curse me, ban me. It will continue to go down. You will know it is the bottom when a big bad news wont even push it down anymore.

https://www.youtube.com/watch?v=dIvmehb2kt8

If a stock price drop from RM1 to 50 cents, it is 50% drop but it takes 100% up to recover the capital.

So, if you bought Harta at RM21, that is almost a drop of 70%, and you need it to go up 200% to recover your capital.

can Harta go up 200%?

Sure, they are losing money now. Sure, MCO will greatly effect their business. They dont have huge debt, and in an interview with an IB, they've already said a few bankers are ready to loan them money. Their debt is moderate to low, thus unlikely to PP. Their receivable is not even high.

The right question is, do you see super long q next year this time when the pandemic is under control? WHO projected we will have 80% of Malaysian vaccinated by the end of this year.

SRR is liquidity
OPR is to boost consumption, lower the monthly payable debt

retailers do not know how to cut loss, that is the biggest problem. they buy shares based on the price, not the value of the company or the quality of the management.

they see 10 cents and say it is cheap, but say MBB RM8 is expensive. in the end, if you going ot invest RM100K in both companies, 10 cent of RM8 makes no difference in the amount you going to invest. Many think 10 cent and easily go to 20 cents, can double up. or 90 cents can easily go to RM1, and can profit 10%...

Many new retailers buy stocks like buy kuih kuih... 10 cents, 20 cents.... if you buy stocks based on their price, then you should put all in EPF fund and let the professionals do the investing and most important of all, let them do the 'reading'

Found this in TG forum.


U lost 10% u need 11%
U lost 20% u need 25%
U lost 30% u need 43%
U lost 40% u need 67%
U lost 50% u need 100%
U lost 60% u need 150%
U lost 70% u need 233%
U lost 80% u need 400%
U lost 90% u need 900%

for those still clinging to their paper lost..always remember this formula.

Fib support line 1.585
second fib support line 1.495 ( I suggest wait for this or somewhere near this price )

One of my friend's friend has a paper lost of RM2 million averaging down on TopGlove. Crazy.

@PSAi3alert

I am confused. KPMG is the auditor for all those Petronas companies and yet they have problem verifying what Serba submitted? Is this a huge red flag?

WTF, ESOS again.
they print more shares than make glove.

@AThope

How much you lost?
Who is Mr.Mak? The director?

Hold on and go attend the AGM when lockdown/covid is over.
make sure you let him know you mean business.

General Public has 5.3% only.
The rest are own by big institution or insider.

https://ibb.co/5GSz4kd

All those telling people to average down and say the lower it is the better it is because can buy cheap.... well? getting cheaper and cheaper. Now even IB TP price went down as ASP going down too.

Glove going into winter for the next 2 years, then sideways until the next virus.

TG will go back to the original price. RM1.50

this is like glove again, look at harta profit and youi'll know.... harta up tg down. tg cannot sell to usa. skp treat their workers good, epf sold all of their ata already and now moving to skp. buy skp before it is too late. move now.

market is forward looking, everyone is numb with this lockdown thing. nobody cares anymore, just buy if you think you will see super long que once things goes back to semi-normal or normal.

https://focusmalaysia.my/midf-downgrades-prospects-of-glove-sector-big-4-glove-makers-to-neutral/

WTF? Private Placement? cannot be lah. myNEWS debt so low.

All paper losers... I told everyone to cut loss when vaccine came out... but no. dont want to cut 10% loss, now 40-50% loss?

In Telegram group, got say best dividend in the world lah, so much BS. dividend also not enough to cover the capital loss lah. then say buy for future... want to lie, also lie properly lah. initially all want to buy and sell quickly but got trapped, then fall in love with the stock... wake up lah, stock dont love you. say keep for future lah, what rubbish.... this one, keep 10 years might not even go back to pandemic high.

now all in telegram group hope for a new virus pandemic, hope vaccine fails, hope more people die, hope virus gets out of control.

all glove counter will go down and down and down.

WHEN TO BUY GLOVE AGAIN?

Buy after WHO declares the end of pandemic, with that news, we know glove counter will go sideways and just wait for the next endemic, not pandemic.

@piggydrew

He is probably part of the syndicate

https://www.thestar.com.my/business/business-news/2021/06/21/serba-dinamik-former-chairman-mohamed-nor-resigns

@stockraider

How was your 'Palm Oil' rally pump and dump? Palm Oil price crash already, but last week kept on saying this is the rally of a lifetime and how palm oil companies are going to make lots of money.

the longer this drag, the lower it goes. 30 cents is possible before report comes out.

on a serious note, why is yinson considered a good company by some fund managers when their debt is so huge? can someone elaborate this, I cant find the answer. thanks.

QR out liao.... PBT 38m NP 30m

oh... I thought Yinson stands for Why In Son?

Can someone explain to me why is Yinson's debt so high? Yet I heard many people says they are a good company run by good management. What's up with the huge debt?

@power88
Where to check?

@Chanzeryl

Like i said, Transmile never paid dividends, no cash to show for. the only big institute they have is robert kuok. serba got epf, pnb, kwp.

@Zackmeiser

walao eh, few months. how much you own?

@Just88

yeah, KPMG is big and have offices in middle east. dont know lah. maybe not enough man power or what or something.

The difference between transmile and serba is transmile founder selling like crazy, serba karim and epf buying like crazy.

@Just88

Yes, we are too small to influence. As mentioned in the press release, the directors and institutional funds and bursa already knew this long ago. If it is bad, they would have sold it long ago and not subscribe to the PP.

Whatever happens, tomorrow market movement will depends on the director's action, hopefully all of them out come in full force and purchase some in show of support.

@Bennychua007

Karim holds 29%, Chairman of the Board, and non independent none executive chairman

@Just88

They said this is to better lias with all the other accounts overseas, which Serba is in 20 countries.

@sarawakconso

I think not this quarter lah. If I am not mistaken, it is 2020 annual report if you read the press release.

Quote: "The audit for FYE2020 has had its share of challenges given the impact of the COVID-19 pandemic in the markets where the Group has a presence at more than 20 countries. This has certainly presented challenges to finalise the financial statement”."

basically KMPG cannot travel to all these countries to verify the accounting to sign off the 2020 book due to covid-19

Quote: "The Group’s management has taken prompt action to address the matters much earlier prior to the announcement made to Bursa
Malaysia on 26 May 2021."

EPF, KWP, PNB, and all directors knew about this long ago. Nobody sold anything, infact, EPF and others bought more of the PP, and Karim bought even more on the open market last month.

Serba Dinamik Press Release 26-May-2021

https://docdro.id/BXpqyA0


SERBA DINAMIK HOLDINGS BERHAD EYEING TO COMPLETE STATUTORY AUDIT AND INDEPENDENT REVIEW

The Group is targeting to finalise its audited financial results by end September and annual report by October

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

KUALA LUMPUR, 26 MAY 2021 - Serba Dinamik Holdings Berhad (“Serba Dinamik Holdings” or the “Group”), a global integrated engineering services provider, today announced that the Group has responded to matters brought up by its external auditor, KPMG PLT (“KPMG”) pertaining to its annual statutory audit for the financial year ended 31 December 2020 (“FYE2020”).

Group Managing Director / Group Chief Executive Director of Serba Dinamik Holdings, Dato’ Dr.Ir. Ts. Mohd. Abdul Karim bin Abdullah (“Dato’ Karim”) expressed, “The Group’s management has taken prompt action to address the matters much earlier prior to the announcement made to Bursa Malaysia on 26 May 2021. As far as we are concerned, we have not changed our business structure materially since the initial public offering (“IPO”) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013. As far as the management is aware, we have been conducting our business professionally”.

“We have also engaged potential international independent firms to assess the veracity and accuracy of the matters brought up by the external auditor after consulting with Bursa Securities as time is now of essence given that we need to prepare for the Group’s annual report for publication by 31 October 2021, resulted of change of our financial year end to 30 June. The audit for FYE2020 has had its share of challenges given the impact of the COVID-19 pandemic in the markets where the Group has a presence at more than 20 countries. This has certainly presented challenges to finalise the financial statement”.

“We are in the midst of finalising the terms of appointment of the independent firm and are expected to confirm the appointment as soon as possible. We will accord the to-be-appointed independent firm the time and space to verify the matters with accuracy and veracity. We will be updating promptly any material developments in a transparent manner”.

“We understand the concerns of our stakeholders and shareholders and ask for their understanding and patience on the matters raised. Please be assured that the Board and management remain committed in safeguarding your interests. In the meantime, day-to-day operations will continue and we appreciate the support of stakeholders and shareholders in resolving this matter”.

Serba Dinamik Press Release 26-May-2021

https://docdro.id/BXpqyA0


SERBA DINAMIK HOLDINGS BERHAD EYEING TO COMPLETE STATUTORY AUDIT AND INDEPENDENT REVIEW

The Group is targeting to finalise its audited financial results by end September and annual report by October

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

KUALA LUMPUR, 26 MAY 2021 - Serba Dinamik Holdings Berhad (“Serba Dinamik Holdings” or the “Group”), a global integrated engineering services provider, today announced that the Group has responded to matters brought up by its external auditor, KPMG PLT (“KPMG”) pertaining to its annual statutory audit for the financial year ended 31 December 2020 (“FYE2020”).

Group Managing Director / Group Chief Executive Director of Serba Dinamik Holdings, Dato’ Dr.Ir. Ts. Mohd. Abdul Karim bin Abdullah (“Dato’ Karim”) expressed, “The Group’s management has taken prompt action to address the matters much earlier prior to the announcement made to Bursa Malaysia on 26 May 2021. As far as we are concerned, we have not changed our business structure materially since the initial public offering (“IPO”) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013. As far as the management is aware, we have been conducting our business professionally”.

“We have also engaged potential international independent firms to assess the veracity and accuracy of the matters brought up by the external auditor after consulting with Bursa Securities as time is now of essence given that we need to prepare for the Group’s annual report for publication by 31 October 2021, resulted of change of our financial year end to 30 June. The audit for FYE2020 has had its share of challenges given the impact of the COVID-19 pandemic in the markets where the Group has a presence at more than 20 countries. This has certainly presented challenges to finalise the financial statement”.

“We are in the midst of finalising the terms of appointment of the independent firm and are expected to confirm the appointment as soon as possible. We will accord the to-be-appointed independent firm the time and space to verify the matters with accuracy and veracity. We will be updating promptly any material developments in a transparent manner”.

“We understand the concerns of our stakeholders and shareholders and ask for their understanding and patience on the matters raised. Please be assured that the Board and management remain committed in safeguarding your interests. In the meantime, day-to-day operations will continue and we appreciate the support of stakeholders and shareholders in resolving this matter”.

Serba Dinamik Press Release 26-May-2021

https://docdro.id/BXpqyA0


SERBA DINAMIK HOLDINGS BERHAD EYEING TO COMPLETE STATUTORY AUDIT AND INDEPENDENT REVIEW
The Group is targeting to finalise its audited financial results by end September and annual report by October

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

KUALA LUMPUR, 26 MAY 2021 - Serba Dinamik Holdings Berhad (“Serba Dinamik Holdings” or the “Group”), a global integrated engineering services provider, today announced that the Group has responded to matters brought up by its external auditor, KPMG PLT (“KPMG”) pertaining to its annual statutory audit for the financial year ended 31 December 2020 (“FYE2020”).

Group Managing Director / Group Chief Executive Director of Serba Dinamik Holdings, Dato’ Dr.Ir. Ts. Mohd. Abdul Karim bin Abdullah (“Dato’ Karim”) expressed, “The Group’s management has taken prompt action to address the matters much earlier prior to the announcement made to Bursa Malaysia on 26 May 2021. As far as we are concerned, we have not changed our business structure materially since the initial public offering (“IPO”) in 2017 and have worked with KPMG, whose auditors are familiar with our operations, since 2013. As far as the management is aware, we have been conducting our business professionally”.

“We have also engaged potential international independent firms to assess the veracity and accuracy of the matters brought up by the external auditor after consulting with Bursa Securities as time is now of essence given that we need to prepare for the Group’s annual report for publication by 31 October 2021, resulted of change of our financial year end to 30 June. The audit for FYE2020 has had its share of challenges given the impact of the COVID-19 pandemic in the markets where the Group has a presence at more than 20 countries. This has certainly presented challenges to finalise the financial statement”.

“We are in the midst of finalising the terms of appointment of the independent firm and are expected to confirm the appointment as soon as possible. We will accord the to-be-appointed independent firm the time and space to verify the matters with accuracy and veracity. We will be updating promptly any material developments in a transparent manner”.

“We understand the concerns of our stakeholders and shareholders and ask for their understanding and patience on the matters raised. Please be assured that the Board and management remain committed in safeguarding your interests. In the meantime, day-to-day operations will continue and we appreciate the support of stakeholders and shareholders in resolving this matter”.

no way of knowing... by the time we know, already too late. we can only look at the price and volume, if volume up and price up, this is good news. If we panic sell, lose also. in the end, only god can decides.

Both are unrelated, only share a single majority shareholder. Both have different auditors, management, lawyers, offices, team and more.

Therefore tomorrow is a good buying opportunity.

Question:

Lau Chee Leong, a shareholder of the Company, asked the following
questions:-

(a) Can Dato’ Karim stop selling the Company’s shares?
(b) Most of the Company’s projects were awarded by Serba Dinamik Holdings Berhad, when can the Company receive projects independently?

Response:

(a) Dato Karim thanked the shareholder for the question and took note of his suggestion. He further explained that sale of shares could create liquidity in the stock market.
(b) The Company has been independent in the tender process in which the projects were awarded by the consortium based on the Company’s proven strength and capability in both local and overseas market.

As they say, we are all Ikan Biliks. Only the big boys can decide.

Individual Insiders 49.5%
Institutions 32.6%
General Public 13.5%
State or Government 4.4%

Most probably the 13.5% General Public will panic sell. Institutions and big funds was already briefed on this auditing thing in last Meeting. They already knew this KPMG thing, which is why they never sold.

The only remaining question is, will they buy up if price drops? We'll only know at the end of the day. My advice is it is too late to panic, wait till Friday. If directors and funds went shopping when it crash or if it crash, then this KPMG thing is not an issue.