Today market sentiment. Most counters lower. Extension of phase 1 { MCO 3.0} worrying with no end date

Aimflex is a niche player in the sampling and control testing of automation for specific requirements. Not widespread applications

Majority bet on Bstead but but... BPlant is the other viable and practical option

RSS killing the counters. BURSA should not allowed short sellers

Afternoon announcement serba

Latest qtr result showed net plantation loss of 11+million plus vs previous qtr profit unbelievable.???with record high CPO prices

Holding firm at 18 sen despite yesterday bad sentiment

Sentiment real bad yesterday. Hopefully today things will be better. all positive & green

Blood bath yesterday

The updated & revised list published is the stock counters "permitted under short selling" under Bursa. Rubbrex is part of the numerous counters. Funds are making a killing every day targeting the gloves

Agreed with the views. Once BPlant privatise. Land sales can be conducted discreetly without going thru all the formalities. Cash easily raised thru valuable land tracts. Bplant land banks all fully paid and at prime localities

Believed funds targeting gloves counter. Everyday open lower

Funds short selling supermax shares. Everyday opening lower

Dato 0ng {Rubbrex} disposing and reducing his share holdings continously. This in addition to zero dividend savings for minorities despite big profit earnings. What is puzzling the company have high reserves { still asked for PP funds} doesn't add up

Sell down yesterday. 1 day up next 3 trading days down

Between BPlant and Bstead. Funds & Glic players portfolio Bstead price is higher { easier for LTAT using SCR} to privatise BPlant instead of Bstead.} Just my personal view that the price offer may be higher than what was offer to Bstead { 80 sen} previously.

KFC previous franchise holder { CG Loo} was ousted because of certain parties acting in concert. The franshise was later terminated and a new Bumiputra company was appointed to replace CG Loo company in the early eighties

Gloves manufacturer facing margin presurre from China producers

Serba taking legal action against external auditor {KMPG for their damming unsolicited published report}

Strong support at 1.00

Looking at today scenario {KLK taking over IJM plant} there is a likelihood LTAT make a move on BPlant and not Boustead holdings. Much straight forward {BPlant} compared to parent Boustead holdings

Of late online new reports not so negative coming in

Yes. EGM today {18Jun} and coming 23 June for shareholders approval on thier acquisition

Errata :KMPG now engaging in talks with MOF over the penalty in 1MDB

This is something new KMPG removal by GE {US} not forgetting KMPG faced a heavy penalty and not engage in talks with MOF { 1MDB} on their role

This is one of the best bet on for a long term growth investing. A right call at the right time. Just my personal view based on Dnet mulriple approach on their growth projections. Ping petroleum, marine cables mainteance, software programming and silterra mems chip

This is really bad. CCP using GP to invest in its own Mirai Alpha group. Related party transaction this is not going to be the first or the last one. Really dissapointed

Meeting just commenced

Dr hisham is the key guy for approval

Serba is lurking with high beta trader. Placed your bet at 68 sen potentially can run up to 88 { if EY review is in Serba favour} or drop back to 60 sen if no new developments. Remember from $ 1. 61 drop to 56 sen { KMPG vs EY}

Betw EY and KPMG. The bigger question EY is sending the experienced and senior partners to conduct the review { whereas KMPG girls are wet behind their ears} all newbies never expected the fallout and senior partners not alerted

Awang sold his share due to margin calls not market rumours circulating his parting of way with Serba. Please read the full article in the Edge

Yes. Read that news on MOF coming hard on KPMG involvement n IMDB. Deloitte and KMPG are all overseas accounting firm that don't give a damm to our local interest. DELOITTE paid MYR 336 million penalty to MOF. KMPG now in talks with MOF. There's always a reason and motif behind every action. Serba is a successful bumi company, built a presence in middle East hub, Petronas O&G contractor, Sarawak based, locally incorporated in the late 90's, listed in 2017. Confirmation of accounts and outstanding balances are all handled directly and send out directly by KMPG to Serba clients. Error in postal address???

Big risk Big reward not advisable for ordinary people

EGM on 18 June may have a surprise announcement from the Board. Just keep our fingers cross for the good news

Look at Microsoft how it was listed initially and how it grew exponentially. Of course DNex is not microsoft but just a side reference. Microsoft listed in 1986 at the price of $21 per share. Now. Microsoft is trading at $ 254.00 excluding dividends, rights or splits. Everything need to start from somewhere. Warren Buffet says investor needs a really long term view in investing.

UOB kay hian note to clients raised Serba price to 70 sen citing all negative news price in. From pre suspension price of $1. 61 down to 61 sen { within 7-8 trading days} which is massive loss in market capitalisation. Serba acquistion of the Petronas Telok Ramunia shipyard and the EPC deal of $1.8 billion {Block 7} Abu Dhabi UAE is seen positive

Nobody knows their game plan?

can be other way round sell in the moring cover in the afternoon

tenure of KMPG is renewed and extended. KMPG continues and complete their ongoing audit report. Board is agreeable and sign off the papers { only the papers are reveal and what truly transpired between KMPG, Ind directors and Management lead by Karim}

Disposal in the open market. Seller and buyer match. KWAP sells? Who is the buyer { not retail or funds} this is interesting

It's a bumiputra entrepreneurs develop program initiated by the government to encourage Bumiputra participation in the O&G industry. KMPG naive not to fathom and deep understanding of Malaysia business initricaies interwink with political play. Can KMPG itself kick out
the Bumiputra agenda. The bigger question can Bursa handled the fallout

We need to know what really transpired between KPMG and the Serba management. Without prejudice to any parties. The question why KPMG went directly to see the ind directors and not the management is certainly food for thought. In most business conventional practices if the company management notify the retiring auditor that their services are not extended { and to be replaced by another one } most companies would be agreeable and not raise a bubble. Unless KMPG feels they are irreplaceable. Unless it's boils down to personality issue.

The chips shortage is hitting all industries real hard. Apart from cars manufacturers, computer production, smart phones and even dryers and other household kitchen products. Chips the little one components lurk beneath hoods of a numbers of products we never heard of. Demand for chips is to outstrip demand for many years to come.

China companies hit by the sanctions imposed by the US is hording their stockpiles of indemand chips is making others even more tougher to get the supply.

Samsung, LG { Korea} chip shortage is hitting television and appliances production. DELL, Hewlett Packard is facing the same issues. Not forgetting Honda, Toyota, Nissan, Volkswagen even the US automakers are harder hit compared to the others.

DNex acquisition of silltera is really good fortune and right timing. Many chip companies are eyeing a stalk in the Dnex owners. Look at TSMC { world largest contract chip maker } said the chip shortages will persist over the next 3 years.

BP used to be great dividend stock. Paid dividend every qtr after announcement. Except for year 2019 & 2020 when CPO prices hit rock bottom

Brent crude have dipped from their high of usd 69 to 65-66 price per barrel in the last few days

you can lock in the forward sales in March with any buyer at a contracted fixed price { 3 months ahead } to be deliver in eg. April, May & June. The sales are only taken up or recognised in your books after the shipment is delivered. But the price is already contracted or fixed in March. But the export duty levy is based on the actual date of shipment to be deliver in April, May and June respectively. Now lies the danger. In a uptrend market your contracted price in March is lower compared to the average export price in eg. If April, May or June. You will be paying a much higher tax but your sales price is substantially lower. In Indonesia trading are tough. Is a volume game, if your Mill is stand alone without any volume. You are squeeze by the buyer in terms of pricing { lack of tank space} but you ends up paying higher tax on the export but a lower sales price

no Parliament sittings as long covid cases - straight forward answer PN

Hiew kiong peng - agreed with you. average CPO selling price reported is {$3,010 per ton} lower versus market spot prices { qtr on qtr} likely contributed by forward sales position. What is disturbing is the increase in their Indonesia tax levy paid. From 10.29 million jump to 52.6 million. The Indonesia tax levy is hitting hard on the planter's bottom line. All the companies operating in Indonesia have to paid the levy structure based on CPO export price scheme. Higher the price higher and sharper is the tax contribution. indirectly means the Indobesia government grab part of the higher CPO price as tax

Looks like Gpacket in the same sinking boat like Prestariang. Margin calls and forced selling on certain shareholders.