No worries. Al Jazeera's HQ is in Doha Qatar. They can do a review real fast.


Layman2020 Good info, but can we wait for audited AR out to conclude this?
06/11/2021 5:08 PM

CynicalCyan,

Yes.


CynicalCyan PSAi3alert ,

I believe your comment is adapted from Jack Nicholson's <A Few Good Men>?
06/11/2021 3:51 PM



----- The truths about SCIB's clients in Oman & Qatar here -----

Pavilion Qatar Engineering Co. W. L.L.

The second contract, given by Pavilion Qatar Engineering Co. W. L.L., is for civil works - fire water project (47,000 metres) at Ras Laffan Industrial City - Power Station - in Qatar valued at US$62mil (equivalent to RM252.84mil) and is expected to be completed in November 2021.

--->>> Pavillion Qatar ( pavilionqatar.com/organisation-chart.html ) is a cleaning company run by Indian nationals and is not licensed for Oil n Gas acitivities

--->>> Only evidence of rotating equipment or fire water project is available here: http://www.pavilionqatar.com/images/gallery/4.jpg

--->>> SCIB will not be able to collect receivables for fictitious projects


Revenue International LLC

"PETALING JAYA: Sarawak Consolidated Industries Bhd’s wholly-owned subsidiary SCIB International (Labuan) Ltd has bagged three engineering, procurement, construction and commissioning (EPCC) contracts worth US$200.45 million (RM864.54 million).

The three contracts is for the 20 units of villa in Muscat, Oman awarded by Revenue International LLC for the period between April 5, 2020 to April 4, 2021..."


The client Revenue International LLC was registered in Oman in September 2018
CR Commercial Name: Revenue INTERNATIONAL
Commercial Registration No: 1326105
Registration Date: 10/09/2018

Domain: revenueinternationalllc.com
Created: 2018-09-15 15:35:35 UTC

Revenue International LLC's website at https://revenueinternationalllc.com provided the following service descriptions:
Manpower Supply
• General Helpers & Semi- Skilled Employees.
• Skilled Employees such as Carpenters, Painters, Electricians, Steel Fixers, Masons, etc.
• Skilled Employees such as Cleaning, Packing, Loading & Unloading, etc.
• Office Boys, Housekeepers, etc.
Carpentry, Electrical Services, Cleaning, Other Services - Painting, trained handymen, Tile Flooring, Waterproofing

--->>> Revenue International LLC is managed and staffed by Indian foreign workers
--->>> primary business is cleaning services
--->>> the only rotating equipment used are mops
--->>> it's Commercial Registration Certificate is licensed for cleaning services
--->>> Revenue International does not have licences for activites in repair and maintenance of mining, construction, and oil and gas field machinery; renting of mining and oilfield machinery and equipment; repair and maintenance of steam generators, turbines


Interceptor Trading & Contracting Co W.L.L

"Meanwhile, the group's wholly-owned subsidiary SCIB International (Labuan) Ltd has accepted the LOA for an EPCC contract in Qatar worth US$98 million (approximately RM399.35 million).

The client for the Qatar project is Interceptor Trading & Contracting Co W.L.L, according to SCIB."

Domain registrant was from Kerala, India.

Hosting and nameservers were all India based.

ns171.globehost.com
ns172.globehost.com
ns1.bh-in-32.webhostbox.net
ns2.bh-in-32.webhostbox.net
rns409.webhostbox.net
rns410.webhostbox.net

Domain: interceptorqatar.com
Registrar URL: www.publicdomainregistry.com
Creation Date: 2017-03-29T12:24:55Z
Registrant Name: bitz Infos
Registrant Organization: bitzInfos
Registrant Street: Calicut
Registrant City: CALICUT
Registrant State/Province: Kerala
Registrant Postal Code: 673001
Registrant Country: QA
Registrant Phone: +974.66016695

You want the truth?

You can't handle the truth!

We live in a world that has Special Independent Reviews (SIR), and those reviews have to be guarded by men with forked tongues.

Who's gonna do it? You? You, Leno?

I have a greater responsibility than you can possibly fathom. You weep for Integrity, and you curse the lack of Honesty. You have that luxury.

You have the luxury of not knowing what I know -- that Integrity's death, while tragic, probably saved lives; and my existence, while grotesque and incomprehensible to you, saves lives.

You don't want the truth because deep down in places you don't talk about at parties, you want me on that SIR -- you need me to bury the SIR.

We use words like "BAU," "EPCC," "Shoplot." We use these words as the backbone of a life spent pretending something. You use them as a punch line.

I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the fake receivables that I provide and then questions the manner in which I provide it.

I would rather that you just said "thank you" and went on your way. Otherwise, I suggest you pick up a satellite and monitor images of all fictitious projects. Either way, I don't give a DAMN what you think you're entitled to!

i3lurker,

Good of you to get out early.

Mabel is a personification of Serba. It's just too good to be true.

Reminds me of a commercial with a pretty girl next to a broken down Corolla in the middle of nowhere:

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




i3lurker no worries
thats not any surprise at all.

The last time I looked at it many many moons ago, cash flow was already negative and company borrowed money heavily from here from there from everywhere to pay off dividend.

Coincidentally Serba shares at that point in time was advertised heavily by "dunno what analysts" at Bernama non-stop to small retailers ie Suiyee Sucker Bilis to buy up as a kind of wonder share guaranteed to make money.

Police => When its too good to be true, its not true.

This was all way before covid.

The BAU was terrible, really smelled terrible.
Heavy fishy BAU smell
That was when I dumped all my Serba and never looked back.

After that ...
this desperate non-stop advertising to get Suiyee Sucker Bilis,
borrowing to pay dividends,
fishy BAU smell,

I consider it a total waste of time looking at financials anymore......

and now the end is near.................................. so its really not a surprise thingy



Sneakpeek Fitch forecast free cashflow to be negative for the next three years

CCC rating somemore...gone case
05/11/2021 7:53 PM
05/11/2021 8:55 PM

newtrader1989, nice parody on someone


newtrader1989 Sleep like a baby. Life is so beautiful when you fake everything lolz
06/11/2021 12:54 AM

It's extremely difficult to fact check on whether the Martians have landed in Putrajaya,

It's very easy to fact check dubious projects by Serba and SCIB in Qatar.

*** hint: Al Jazeera's HQ is in Doha, Qatar ***


i3lurker and the Martians had landed in Putrajaya too

LossAversion fooled by mega projects, or fooled by political masters behind this fiasco?
05/11/2021 8:33 AM
05/11/2021 8:38 AM

I think Mabel is like Song Liling (portrayed by John Lone) in M. Butterfly; or Dil (portrayed by Jaye Davidson) in The Crying Game.



i3lurker FYI

Mabel is also an anonymous user without any legal rights

user id section is not filled up.

We have no idea who "it" is,
"Mabel" could jolly well be a dog posting

or a bald headed old man wearing Pagoda singlets,
naked from waist down
squatting on a stool

keying into a 486 machine
with nicotine stained fingers,

hand shaking from abuse of Timah whisky
wearing red wooden clogs
04/11/2021 11:18 PM

https://www.thesundaily.my/business/sarawak-consolidated-expands-qatar-oman-footprint-with-3-contracts-EJ2209024

In March 2020, SCIB announced the award of a project by Revenue International LLC in Oman.

"PETALING JAYA: Sarawak Consolidated Industries Bhd’s wholly-owned subsidiary SCIB International (Labuan) Ltd has bagged three engineering, procurement, construction and commissioning (EPCC) contracts worth US$200.45 million (RM864.54 million).

The three contracts is for the 20 units of villa in Muscat, Oman awarded by Revenue International LLC for the period between April 5, 2020 to April 4, 2021..."

The client Revenue International LLC was registered in Oman in September 2018
CR Commercial Name: Revenue INTERNATIONAL
Commercial Registration No: 1326105
Registration Date: 10/09/2018

Domain: revenueinternationalllc.com
Created: 2018-09-15 15:35:35 UTC

Revenue International LLC's website at https://revenueinternationalllc.com provided the following service descriptions:
Manpower Supply
• General Helpers & Semi- Skilled Employees.
• Skilled Employees such as Carpenters, Painters, Electricians, Steel Fixers, Masons, etc.
• Skilled Employees such as Cleaning, Packing, Loading & Unloading, etc.
• Office Boys, Housekeepers, etc.
Carpentry, Electrical Services, Cleaning, Other Services - Painting, trained handymen, Tile Flooring, Waterproofing

> Revenue International LLC is managed and staffed by Indian foreign workers
> primary business is cleaning services
> the only rotating equipment used are mops
> it's Commercial Registration Certificate is licensed for cleaning services
> Revenue International does not have licences for activites in repair and maintenance of mining, construction, and oil and gas field machinery; renting of mining and oilfield machinery and equipment; repair and maintenance of steam generators, turbines

Yes. Frequent usage of the 'chill' word and consistent grammar errors.

Interfak is probably Unclear Lim.

Unsure about solanmolo.



i3lurker Dishonesty ?

After nuclear fission, I wonder whether thats suepipi or conpipi or maybe its another particle called Dark Matter


Posted by PSAi3alert > Nov 4, 2021 8:38 PM | Report Abuse

^^^
The guy above writes like conpipi.
04/11/2021 8:47 PM

^^^
The guy above writes like conpipi.

Since Jan 2020, Oman and Qatar is accounting for over 83% of SCIB's revenue:

01.01.2020 to 30.06.2021 Cumulative Revenue
Oman 242.074M
Qatar 469.301M

One of SCIB's and Serba's key client in Qatar is Pavilion Qatar Engineering Co. W. L.L.

--------

SCIB

https://www.thestar.com.my/business/business-news/2020/12/03/scib-units-secure-epcc-contracts-worth-rm271mil

The second contract, given by Pavilion Qatar Engineering Co. W. L.L., is for civil works - fire water project (47,000 metres) at Ras Laffan Industrial City - Power Station - in Qatar valued at US$62mil (equivalent to RM252.84mil) and is expected to be completed in November 2021.

Serba

In a filing with Bursa Malaysia today, it said wholly-owned subsidiary Serba Dinamik International Ltd had entered into a contract with Pavilion Qatar Engineering Co WLL for the repair, overhaul and maintenance of pumps, compressors, gearboxes and other associated rotating equipment.

--------

--->>> Pavillion Qatar ( pavilionqatar.com/organisation-chart.html ) is a cleaning company run by Indian nationals and is not licensed for Oil n Gas acitivities

--->>> Only evidence of rotating equipment or fire water project is available here: http://www.pavilionqatar.com/images/gallery/4.jpg

--->>> SCIB will not be able to collect receivables for fictitious projects

Serba's Chairman does not need to change 9.03 of the MMLR because he's arguing that the factual findings document was not made by Serba and as such does not need to be disclosed.


"Given that the purported update is not a document made by Serba Dinamik or any of its directors, Ilyas contended that neither the company nor its directors was in a position to suggest that such a document would fall within the terms of paragraph 9.03 and 9.35A of the MMLR." - Serba Chairman

9.03 Disclosure of material information

(2) Information is considered material, if it is reasonably expected to have a material effect on:-
(a) the price, value or market activity of any of the listed issuer's securities; or
(b) the decision of a holder of securities of the listed issuer or an investor in determining his choice of action.

(3) Without limiting the generality of subparagraph (2) above, material information may include information which:-
(a) concerns the listed issuer's property, business, financial condition or prospects;
(b) related to dealings with employees, suppliers, customers and others;
(c) relates to any event affecting the present or potential dilution of the rights or interests of the listed issuer's securities; or
(d) relates to any event materially affecting the size of the public holding of its securities;




i3lurker Bursa listing guidelines is whether any information is material or not.
whether the information is official or not is not stated and not important.

but of course Serba can sue to get BURSA Listing Manual changed by Court Order if Judge agrees.

Just like anybody can sue to get Constitution of Malaysia changed. Whether Judge agrees with you that you are more important than Parliament is the question.


Posted by neohts > Oct 28, 2021 5:04 PM | Report Abuse

https://www.nst.com.my/business/2021/10/740452/no-reason-bursa-suspend...

"No reason for Bursa to suspend Serba Dinamik as review findings are unofficial"
28/10/2021 5:23 PM

https://www.thestar.com.my/business/business-news/2021/10/28/warrant-of-arrest-issued-against-ex-ceo-of-transmile

KUALA LUMPUR: The Securities Commission (SC) is seeking information from members of the public to locate Gan Boon Aun, the former chief executive officer and executive director of Transmile.

In a statement, the SC said the warrant of arrest was issued by the High Court when Gan failed to appear at the High Court for the hearing of his appeal after several attempts were made to secure his attendance.

Gan was convicted on Aug 27, 2020 for knowingly furnishing a misleading statement relating to Transmile Group Bhd’s revenue in the company’s quarterly report on unaudited consolidated results for the financial year ended Dec 31, 2003.

The misleading statement on the revenue amount comprised over RM333mil fictitious sales.

Gan was convicted and sentenced by the Sessions Court to one-day imprisonment and a fine of RM2.5mil.

He filed an appeal against his conviction and SC filed a cross-appeal against the sentence imposed by the Sessions Court against Gan.

The High Court had since dismissed Gan’s appeal following his failure to appear before the High Court for the hearing of his appeal.

The court has set Dec 13, 2021 for the SC’s cross-appeal against the sentence, pending the execution of the warrant of arrest against Gan.

The public with information on Gan can contact the SC at: +6012 248 4186 / +6017 360 8329 /+6012 604 3195 or aduan@seccom.com.my.

The so called operational issue in Bahrain is related to a client by the name of Lata International Services Ltd.

"Revenue generated in UAE grew by 35.67% from RM213.50 million in FYE2016 to RM289.66 million in FYE2017. This revenue was mostly generated from our EPCC contracts with Lata International Services Ltd which provides its services to local end user clients in the oil & gas sector."

There is no company by the name of Lata International Trading and Services that is registered with the UAE's Ministry of Economy.

--->>> Serba 2017 Annual report incorrectly listed Lata International Services Ltd as a client from UAE.

A search at the Bahrain's Commercial Registration portal returned a result.

The company LATA INTERNATIONAL TRADING AND SERVICES S.P.C. OWNED BY SAYED ALI MOHAMED BAQER ALAWI was established on 03/02/2016 and it's name was changed to LATA INTERNATIONAL TRADING AND SERVICES W.L.L on 01/12/2020.

Commercial Name (English) LATA INTERNATIONAL TRADING AND SERVICES W.L.L
Registration Date: 03/02/2016

Flat/Shop No.: 42
Building:421
Road/Street: 1805
Block: 318
Town: MANAMA / ALHOORA
Email: s.3li.89@hotmail.com
Phone No.2: ( +973 ) 37774479

Amendment History

01/12/2020 CHANGE COM NAME
Old Name: LATA INTERNATIONAL TRADING AND SERVICES S.P.C. OWNED BY SAYED ALI MOHAMED BAQER ALAWI
New Name: Lata International Trading and Services W.L.L

--->>> The old name of the company was Lata International Trading and Services S.P.C. owned by Sayed Ali Mohamed Baqer Alawi

--->>> Serba's 2017 annual report stated the company name to be Lata International Services Ltd

--->>> On 01/12/2020, the company's name was changed to Lata International Trading and Services W.L.L

Shareholders and Partners

Name (English) Nationality Number of Shares Ownership (%)

SAYED ALI MOHAMED BAQER HUSAIN ALAWI BAHRAINI 500 100

The website for Lata International Services Ltd , lataintl.com , was created on the 21st April 2016 and was hosted with Penang based Yeahhost (reported by yours truly on Jul 16, 2021 11:28 PM)

Nameservers:
NS1519.SECUREN.NET
NS1520.SECUREN.NET
Dates Registry Expiration: 2026-04-21 14:49:26 UTC
Created: 2016-04-21 14:49:26 UTC
Hosting company: Penang based Yeahhost

Subsequently, the nameservers and hosting were changed to GoDaddy on 3 Aug 2021

Nameservers
ns45.domaincontrol.com
ns46.domaincontrol.com

Changes made to lataintl.com
+ns45.domaincontrol.com
+ns46.domaincontrol.com
-ns1519.securen.net
-ns1520.securen.net

Leno,

Can ask creditors to wait till April 2022?

There are a couple of tranches of dividends that are less than 1 year old.

If the company were to be insolvent within 12 months of the last dividend payment, the directors can face criminal and civil actions under the Companies Act 2016 (Section 132 Distribution only if company is solvent and Sec 133 Recovery of Distribution).



leno With ZERO cash
and MASSIVE DEBT
on top of FRAUD Accounting
Sebak is Dead.

Starting yesterday,
bankers, creditors, suppliers are scrambling over each other
to get back their money.

Sebak will close shop within these 29 days.

Cheers !
27/10/2021 9:54 PM

Huangbk72,

Are you referring to Unclear Lim?


Huangbk72 Our fake fund manager bought 2m shares SCIB yesterday at 40c

He also been buying SD since 40c.

If use real money to invest, he would have run road...
27/10/2021 3:37 PM

But, John, even if
we manage to pull that off,
and that's saying something,
the real question is,
who are we selling this to?

Same people we've been selling it to
the last two years,
and whoever else will buy it.

But, John, if you do this,
you will kill the market for years.
It's over.
And you're selling something
that you know has no value.

We are selling to willing buyers
of the current fair market price.
So that we may survive.

You will never sell anything
to any of those people ever again.

I understand.

- Do you?

- Do you?
This is it!
I'm telling you. This is it.


i3lurker besides the sex firm,
the Company Secretary for Serba can also do for you.
Like I said before, its very expensive sex coz instead of the normal RM8.00 or RM12.00 or whatever charged.

The suspended transfer professional fees charged can be RM500.00 to thousands of RM depending on the Company Secretary.


newtrader1989 How to sell when suspended hahaha
27/10/2021 5:09 PM
27/10/2021 5:48 PM

Nessun dorma, nessun dorma
Tu pure, o, Principessa
Nella tua fredda stanza
Guardi le stelle che tremano
D'amore e di speranza

Ma il mio mistero e chiuso in me
Il nome mio nessun saprà
No, no, sulla tua bocca lo dirò
Quando la luce splenderà

Ed il mio bacio scioglierà il silenzio
Che ti fa mia
(Il nome suo nessun saprà)
(E noi dovrem, ahimé, morir, morir)

Dilegua, o notte
Tramontate, stelle
Tramontate, stelle
All'alba vincerò
Vincerò
Vincerò

Fat Lady sang.

Habis wayang.

InterFund,

Good that you're using real-time images. (There were construction activities towards end of 2020 and has since stalled.)

Now, playback the images for 2018, 2019, 2020. Images from those years do not correlate with the utilization of PP funds and recognition of revenue.


FYE 2019 Actual Utilisation: RM 111.113M

--- Income recognized from the Project ---

The total income recognized from the Tanzania project is RM194.813M and comprises:

FYE 2018: RM29.82
FYE 2019: RM104.02


InterFund® I already did a quick verification with esri real time satelite image and the tanzania construction site no where empty like i3lurker image........... hahahahah.............. If you work for KPMG then better ask your boss to subscribe esri enterprise if you dont have your own KPMG people in Tanzania hahahahahahahaha............
26/10/2021 7:33 PM

i3lurker,

There is a lag in Google Maps.

I now use data from Sentinel-2 L2A satellite that has the latest high-resolution images. To be sure, I also have photographs from many sites.


Sample low-res images of Tanzanian site here:

--- Satellite images of the Project ---

Sentinel-2 L2A satellite images of the site at Msufini Area, Mlandizi Ward, Kibaha District, Tanzania.

23-10-2018
https://ibb.co/vdZ2mj3

02-07-2019
https://ibb.co/pZN52CG

07-07-2020
https://ibb.co/CQkBtTm



i3lurker maybe psai3alert just might be able to find the father in one of those Google Maps empty land supposed to contain Serba completed plants?

anyway I keep telling psai3alert that Google Maps is a liar....
26/10/2021 5:52 PM

Latest photographs of site will be sent to CNN, CNBC, Al Jazeera, Bloomberg and Reuters.

Be patient.


InterFund® Shop lot auditor verify with satelite image only..............? hahahahha................................. Although I know Karim is a scammer.............. But verifying with satelite images are beyond stuppid............ Do you work properly send image from the construction site....................................
23/10/2021 4:12 PM

Pressing on with the hydropower project in Nepal?!


One of the contracts listed in the above announcement is for a hydropower project in Nepal.

The details are:

EPCC for 57.3MW Myagdi Khola Hydropower Project at Gandaki Province, Nepal
Client: Hydro Village Private Ltd(1)
Duration: 1 June 2021 – 31 May 2024
Note
(1) Subject to satisfaction of internals and regulatory approvals, SDIL would pursue with its asset ownership business model.


The same project was previously announced on the 16th Mar 2020:

https://www.hydroreview.com/hydro-industry-news/hydro-village-serba-dinamik-sign-agreement-for-57-3-mw-myagdi-khola-hydro-project/

"Malaysia-based Serba Dinamik International Limited (SDIL), a wholly owned subsidiary of Serba Dinamik Holdings Berhad (SDHB), has signed a memorandum of understanding (MoU) with Nepal-based Hydro Village Private Limited (HVPL) for development and operation of the 57.3-MW Myagdi Khola hydro project.

The project is estimated to cost about US$100 million, and HVPL has executed a power purchase agreement (PPA) with Nepal Electricity Authority and obtained required legal clearances from other concerned departments."

Nepal Electricity Authority Power Trade Department has listed the IPPs and capacities of hydropower projects grouped into various stages:

IPPs' Hydro Power Projects (Operation): 80 projects, total 552.345MW
IPPs' Hydropower Projects (Under Construction) (Financial Closure concluded projects): 116 projects, total 2,581.765MW
IPPs' Hydropower Projects in Different Stages of Development: (Without Financial Closure): 144 projects, total 2,909.944MW

The Myagdi Khola hydro project falls under the 'Without Financial Closure' category

https://www.nea.org.np/admin/assets/uploads/supportive_docs/45415077.pdf


--->>> Why is Serba announcing a project now when the same project was announced with a value of USD100M on the 16th Mar 2020

--->>> The projects under construction and being planned totaled 260 with capacity of 5,491MW, equivalent to 10 times of the capacity of hydro power projects in operation

--->>> Given the glut in the hydro power capacity in Nepal, how does Serba intend to finance the said project


stocksensei Serba Dinamik presses on despite suspension of trading on Bursa Malaysia

https://www.freemalaysiatoday.com/category/highlight/2021/10/23/serba-dinamik-presses-on-despite-suspension-of-trading-on-bursa-malaysia/

23/10/2021 3:34 PM

Wirajati,

For the Tanzania project, SD raised funds from private placement.

RM111.113M was transferred to Sufini Holding Ltd (JV company with Junaco (T) Limited) as working capital for the EPCC project in Tanzania.

SD Associates Sdn Bhd will be the entity to build the plant in Tanzania.

Almost RM200M revenue has been recognized as receivables.

Sentinel-2 L2A satellite images of the site at Msufini Area are showing that the plant is not up.


Wirajati PSAi3alert,

So tanzania project is bogus?
Left hand right hand MO?
23/10/2021 3:33 PM

I have been compiling a Shadow Independent Review and the report has run to hundreds of pages long.

If Factual Findings are not released, I will release detailed facts and findings.


Sample paragraph below:


--- Funds Used in the Tanzania Project ---

Serba's 31 Dec 2019 Financial Results showed that RM111.113M was used in the Tanzania project
Utilisation of Proceeds from Private Placement on 30 January 2018

Details of utilisation of proceeds: Working capital for the EPCC work in Tanzania
Actual Utilisation: RM 111.113M


--- Income recognized from the Project ---

The total income recognized from the Tanzania project is RM194.813M and comprises:

FYE 2018: RM29.82
FYE 2019: RM104.02
15 months ended 31-03-2021: RM60.973M


--- Satellite images of the Project ---

Sentinel-2 L2A satellite images of the site at Msufini Area, Mlandizi Ward, Kibaha District, Tanzania.

23-10-2018
https://ibb.co/vdZ2mj3

02-07-2019
https://ibb.co/pZN52CG

07-07-2020
https://ibb.co/CQkBtTm

i3lurker,

One year ago, coal price was 50 USD/T

Now coal price is 230 USD/T

https://tradingeconomics.com/commodity/coal


i3lurker

Like I said.
Coal is passthrough......you dun make money on coal prices.
Someone gonna lose gigantic big.

Who will lose gigantic big?

Who gives you the orders?
07/10/2021 10:10 PM

Oil prices from mid 2015 to 2017 were generally low.

https://www.iata.org/contentassets/9036deaf9c984009a3515fd6aa1c5e24/chartc_27092021.png

However, jet fuel prices have reached USD86.5/bbl and is likely to trend higher. For LCCs that have jet fuel expenses as a percentage of revenue of above 30%, it will be extremely challenging to be profitable operationally.

Free company search portals:


Bahrain
https://www.sijilat.bh/

Qatar
https://hukoomi.gov.qa/en/home

India
https://www.mca.gov.in/mcafoportal/showCheckCompanyName.do

Tanzania
https://ors.brela.go.tz/orsreg/searchbusinesspublic
https://elaw.locusattorneys.co.tz/search-cases

Laos
http://www.erm.gov.la/index.php/en/explore-data-en/search

Company searches:

UAE

Block 7
https://ibb.co/6Bm54hJ

FDDS
https://ibb.co/qWh3Zf5

New Thunder
https://ibb.co/HFRc0LY

Sufini
https://ibb.co/X7TqnPv


Bahrain

Lata
https://ibb.co/m0YGS3K
https://ibb.co/pfdTpGK

Regno
https://ibb.co/2NGPf9Q
https://ibb.co/BV43Fvz


India

Captiv Techno
https://ibb.co/0rtPGhQ

Serba2C
https://ibb.co/WzM5Lmb

The total amount of write-offs and impairments will exceed 10 digits.

Reinstatement has to be done not only for un-audited quarters, but audited ones as well.



Huangbk72 Yes.. if really BAU as said by Chef Karim, we will not see a massive adjustment on the margins of SD in a period of a MERE 3 months.

Working backwards using this profit margins over the last 6Q, the most optimistic calculation is a total impairment of 500M. Could be as high as 800M.

When audited accounts is released, will have a clearer picture.

Cash flow on the other hand, its a real problem. The company is running on fumes now or admitted in ICU now.

By early next year, we will see China version of Evergrande here.
02/10/2021 10:07 AM

Message from Samy to you "Jangan hisap dada"


InterFund Collecting a lot today.................. good price...................
30/09/2021 5:16 PM

Business-As-Usual or Business-Unusual?


Revenue 3 months ended 30-06-21

Bahrain: RM12.819M
UAE: RM202.21M
Qatar: RM391.527M
Oman: RM111.768M
Tanzania: RM4.8M

Will like to provide complete details to all those left-hand right-hand clients in due course.

The private placement is probably to fund construction of projects awarded by related parties.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=114177&name=EA_GA_ATTACHMENTS

If you look at the salient terms in the announced projects, each of the projects has the following terms:

--- TERMS ---
[The payments of the Contract Price 1 shall be made to KPEng in accordance with the payment schedule and on such terms and conditions to be set out under the relevant definitive agreement, including an advance payment of an amount equal to ten percent (10%) of the Contract Price 1 or RM10,000,000, whichever is lower.

KPEng shall provide an on-demand bank guarantee from a bank in an amount equal to five percent (5%) of the Contract Price 1 and shall remain in full force until KPEng has provide an on-demand bank guarantee from a bank in an amount equal to ten per cent (10%) of the Contract Price 1, being the warranty bond.

CHSB reserves the right to assign or novate the rights and/or benefits under Project 1, subject to a written notification to KPEng.

He is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power Sdn Bhd (“One Hydro Power”), in which he is also an indirect shareholder and accordingly, he is deemed interested in the Contracts. One Hydro Power, a wholly-owned subsidiary of OHP Ventures Sdn Bhd (“OHPV”) has entered into share sale agreements with Dato’ Ahmad Sufian bin Abdul Majid, the vendor representing the registered owners of the Project Companies.

Amirul Afif Bin Abd Aziz is the Group Chief Financial Officer (“CFO”) of KPower. He currently holds 1.21% direct interest in KPower. He is a Director of the Project Companies and has the intention to acquire the Project Companies via One Hydro Power, in which he is also an indirect shareholder, and accordingly, he is deemed interested in the Contracts.]

--- TERMS ---

---> Even before commencement of those projects, there is already a mismatch between deposits received and performance bond requirements.

a) Cabaran Hijau Sdn. Bhd. (“CHSB”)
Project: 18.7 MW mini hydro power plant
Location: Sg. Jelai Kecil, Mukim Jelai, Daerah Lipis, Pahang Darul Makmur
Contract Price: RM199,159,192.83 (“Project 1”) (“LOA 1”);

>>> CHSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to CHSN = RM19.9159M

b) Selat Serasi Sdn. Bhd. (“SSSB”)
Project: 13.9 MW mini hydro power plant
Location: Sg. Telom, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: RM148,038,116.59 (“Project 2”) (“LOA 2”);

>>> SSSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to SSSB = RM14.8038M

c) Denai Delima Sdn. Bhd. (“DDSB”)
Project: 12 MW mini hydro power plant
Location: Location: Sg. Lemoi, Mukim Hulu Telom, Cameron Highland, Pahang Darul Makmur
Contract Price: Contract Price: RM127,802,690.58 (“Project 3”) (“LOA 3”)

>>> DDSB's deposit to KPEng = RM10.000M
>>> KPEng Bond to DDSB = RM12.7803M

d) Koridor Mentari Sdn. Bhd. (“KMSB”)
Project: 5.25 MW mini hydropower plant
Location: Sg. Kampar, Kampar, Perak Darul Ridzuan
Contract Price: RM35,000,000 (“Project 4”) (“LOA 4”)

>>> KMSB's deposit to KPEng = RM3.5M
>>> KPEng Bond to KMSB = RM3.5M


---> Those four projects, to be built by KPower, will cost OHP Ventures Sdn Bhd RM510M and, when completed, will have a total power generation capacity of 49.25MW

---> At 28.98 sen per kilowatt-hour, the potential revenue for OHP will only be able to cover interest payments and maintenance. And as such, funding will be a question mark

---> If OHP Ventures is unable to obtain fundings, KPower will indirectly be funding those projects

---> KPower's Receivables went from RM46.056M in June 2020 to RM149.791M in June 2021

---> KPower's Borrowings went from RM0.565M in June 2020 to RM52.384M in June 2021

---> The clause, for CHSB, SSSB, DDSB and KMSB to be allowed to assign or novate the rights and/or benefits, ought not be allowed to mitigate risks

What's going to happen to Leno's migration plan?


TheContrarian Leno already cashed out WC at 44.5 sen.
28/09/2021 1:16 PM

stockraider,

Linking brent oil price to palmoil counter share price is rather tenuous.

Rising fossil fuel price is good for O&G counters

Rising oil price is bad for aviation and freight companies and companies that use products derived from oil e.g. methyl methacrylate monomer (MMA)

BursaHodler,

Hahaha. Was puzzled for a moment.


BursaHodler @valueinvestor

obviously i'm mimicking someone...that certain someone will come bark whenever this counter drop 0.01 cents but hide in his crab hole when this counter fly like now.
damn clown
27/09/2021 5:12 PM

Updated theoretical price of Tang Dynasty's mooncake using the traditional BSM (non-dliutive) model:

Volatility: 33.8%
Stock Price: 1.01
Strike Price: 0.90
Interest Rate: 2.62%
Warrants/share: 1
Days to Expiration: 1110


Stock Price __ Theoretical Warrant $
0.28 _________ 0.003
0.38 _________ 0.013
0.49 _________ 0.034
0.59 _________ 0.067
0.69 _________ 0.112
0.80 _________ 0.167
0.90 _________ 0.232
1.00 _________ 0.305
1.11 _________ 0.383
1.21 _________ 0.467
1.31 _________ 0.554
1.42 _________ 0.645
1.52 _________ 0.738

AA Ride driver can afford a RM1M+ Richard Mille watch.

"Qu'ils mangent de la brioche"


Sslee https://youtu.be/U6CEPnYCb1I

Nazir Razak AA Ride
25/09/2021 5:01 PM

Was a rights issue mentioned?

Their war chest is quite big already. Why the need for more cash?

Unless, they are looking at buying towers and fiber assets to lease to Ericsson/DNB.


EVO118 That is why there is a push on the price, so they can eventually do a rights issue.
25/09/2021 4:24 PM

“We need more cash reserves to take up bigger projects in the 5G territory,” says Ong.

https://www.theedgemarkets.com/article/eddie-ongs-digital-move

Opcom's cash position ought to be about RM50M at this juncture.

Below is the theoretical pricing of Scope's upcoming warrant using the traditional Black Scholes (non-dliutive) model:


Stock Price ___ Theoretical Warrant $ __Time Value
0.19 _________ 0.04 ______________ 0.043
0.25 _________ 0.07 ______________ 0.073
0.30 _________ 0.11 ______________ 0.108
0.35 _________ 0.14 ______________ 0.093
0.40 _________ 0.18 ______________ 0.081
0.45 _________ 0.22 ______________ 0.071
0.50 _________ 0.27 ______________ 0.063
0.55 _________ 0.31 ______________ 0.057
0.60 _________ 0.35 ______________ 0.053
0.70 _________ 0.44 ______________ 0.040
0.75 _________ 0.49 ______________ 0.040
0.80 _________ 0.54 ______________ 0.038
0.90 _________ 0.63 ______________ 0.033
1.00 _________ 0.73 ______________ 0.030


Volatility: 66%
Stock Price: 0.35
Strike Price: 0.30
Interest Rate: 2.62%
Warrants/share: 1
Days to Expiration: 660


Snapshot @0.36 __Calls
Price ___________ 0.14
Delta ___________ 0.749
Gamma _________ 1.025
Theta ___________ 0
Vega ___________ 0.001
Rho ____________ 0.002
Elasticity ________ 1.83

Ok. We wait for Bengali to throw durian.


rr88 You dont know the intention one. All sort of crooks roaming around in market place.

If the intention is to distribute cheap placement shares, you wud die standing.

If you think the intention to goreng n push higher. You wait until the goreng starts with conviction n you go in.

Got it boys n girls?
24/09/2021 4:06 PM

rr88,

When Genetec was at 10+, you said that it can shoot to 30+. And it did.

You think the small Bengali is happy at this price level?


rr88 Wait lar. Dia goreng itu jam boleh kenal punya master chef at work. All fire cukup, asap & bau sedap semua keluar, you watch like a hawk possibly tuesday or wednesday, then you masuk lar tumpang sekaki. Dapat sekaki, sepinggan kuey teow goreng cukup lar.
24/09/2021 3:39 PM

Chef in Dataprep/Widad does quick stir-fry.

The chef here is doing sous vide reverse sear.


rr88 Masterchef is cooking at dataprep..
24/09/2021 12:24 PM

Now we go 'Crouching Tiger Hidden Dragon'?


rr88 Now high risk area. Wait lar.

Yesterday high 1.28.

Once it breaks out 1.28, you whack in like no tomolo at 1.30/1.31. Zero risk area. Its not about the price, its about the direction n momentum.
24/09/2021 12:17 PM

Ok. We wait for Bengali.


rr88 Bengali can cut 6 bids q n bom 20,000 lots like yesterday
24/09/2021 12:07 PM

Coast clear? Did you check for invisible bengali hiding in the bush?


rr88 I bought 1.02 yesterday just b4 close. I kena bom. 1.09 straight away bom to 1.02.

Morning i q 1.08, 1.09. Then kecut perut also when i saw long q to the slaughter house.

Price was at 0.955 when i was walking out for a smoke, heard ding ding ding fr computer. Orders being matched.

I said what the fuk. So quick. I did not believe it. Went to the computer, saw all orders matched. Happy managed to escape the slaughter house.

Now hand itchy again seeing this taik stock holding 1.17/1.18. Bcause chart now looking cantek. But i dont like the overall market undertone - weak.
24/09/2021 11:25 AM

rr88,

Yesterday you posted that there is an invisible person hiding in the bush and was ready to ambush

Why did the guy bothered to hide when he's already clocked with invisibility? He can just come right up front and smack you in the face.

How do you know that the invisible guy is a bengali?


rr88 Cannot. Overall market is very weak. Bail out now if u dont want to be fuked twice by the same bengali.
24/09/2021 11:08 AM

Only Huntley & Palmers biscuit tins are acceptable.


i3lurker its confirmed they use recycled biscuit tins from rubbish dump and stay on top of trees


PSAi3alert Huangbk72,

Even the unaudited report for 31/03/21 is showing odd numbers:
Cash: RM1025.929M
Interest Income: RM0.807M

Annualized interest rate of 0.3% does not look right.

It's as though 80% of the cash is kept underneath the beds of all employees. Unless, that's the practice for Sarawak companies.
22/09/2021 11:39 PM

VSAT? Still proof of concept? Seriously?!

https://www.theedgemarkets.com/article/measat-deploy-300000-connectme-now-connections-yearend

MEASAT to deploy 300,000 CONNECTme NOW connections by year-end
September 09, 2021 18:57 pm

KUALA LUMPUR (Sept 9): Satellite operator MEASAT Satellite Systems Sdn Bhd (MEASAT) intends to deploy its high-speed satellite broadband service, CONNECTme NOW, to 300,000 connections throughout Malaysia by year-end.

MEASAT chief operating officer Yau Chyong Lim said to-date, MEASAT has installed more than 2,000 CONNECTme NOW sites — including 1,183 sites in Sarawak and 243 in Sabah — serving over 200,000 broadband connections nationwide.

...

“Very recently, we worked with the Sabah Ministry of Science, Technology and Innovation to expand deployment of the CONNECTme NOW service in 50 remote locations across Sabah,” said Ganendra.

...

In the near term, he said, MEASAT looks forward to announcing the launch of MEASAT-3d in early 2022, which will address Internet connectivity needs for 100% of the unserved population when MEASAT-3d is operational.



izoklse Serba Dinamik in collaboration with Sabah govt to reduce rural digital divide

https://www.theedgemarkets.com/article/serba-dinamik-collaboration-sabah-govt-reduce-rural-digital-divide
22/09/2021 11:18 PM

Huangbk72,

Even the unaudited report for 31/03/21 is showing odd numbers:
Cash: RM1025.929M
Interest Income: RM0.807M

Annualized interest rate of 0.3% does not look right.

It's as though 80% of the cash is kept underneath the beds of all employees. Unless, that's the practice for Sarawak companies.


Huangbk72 Hint: you need to read the footnote in the link you posted

*On 07 May 2021, the Group announced the change of financial year end for the Company and its subsidiaries from 31 December 2020 to 30 June 2021. The audited financial statements is for a period of fifteen (15) months, made up from 1 January 2020 to 31 March 2021.

solomolo https://www.e-serbadk.com/financial-information/

kita share lagi ini link...haha
22/09/2021 10:42 PM