thanks smoking...any clue on the number of employees? any friends with acc & finance dept?

Posted by smoking > Jun 4, 2021 9:17 PM | Report Abuse

It is a big company in bintulu, sarawak with a lot of employees

sifu sslee another money laundering genius

i feel the same...may be just a virtual CGI presentation...LOL!

Posted by jinova546 > Jun 4, 2021 8:59 PM | Report Abuse

Probably, Karim is non existent too

do they really have service engineers for maintenance of O&G equipment...rotating & stationary??

even this is non-existent?

Post removed.Why?

say the left hand to right hand theory is what is true....who are those working under accounting & finance of serbak? they must be an accomplice to make this work..

its impossible they dont know who are the supplier and customers this many years....

we want to discuss logically ma...nobody wants to influence anyone...we want nothing but the truth only ma....

10 out 11 customers cannot confirm on the invoice received is a big question mark....does the business exist?

what a genius Karim

guys lets have a logical deduction..give benefit of the doubt to KPMG'allegations...

the question is what is Karim to gain out of the fault he did? and how?

one answer is....under payables money does go to his pocket but under receivable money never comes out of his pocket to pay serbak

money is constantly channelled from serbak's borrowings to his pocket by acting as a supplier who gets paid....but never a customer who pays..

he enjoys the popularity that comes with his fake business growth?

what is Karim gaining by doing this çooked up business which does not exist....

this is the big elephant in the room

all said and done...my biggest question mark is - what is Karim's motive by doing all the cooked up business which does not exist?

how does he stand to gain out of it?

by channelling the borrowing to his pocket in dividend form? Is that it only?

something to ponder...

@i3lurker...no wrong...just that it will make market believe its not sustainable to produce recurring profit or more importantly 'recurring dividend (without further borrowings evntually).... as such they will dump the shares

@mabel, what i heard is KPMG had been asking on this to the management more than half a year back....

bernie madoff created fake tradings....Karim made fake business...

Karim is really at another level...Malaysia Boleh!

the kind of growth serba showed was phenomenal......after realizing market believe this without any doubt....he started doing aggressively on kpower and scib looks like...

look at how fast the revenue grows....no company in bursa can grow this fast


karim became too greedy seeing dummies in bursa looks like

ya...after sifu charles revelation....

bought 81 cents...but moment it touch 80 cents repeatedly...need to cut loss before the wall broke..

Posted by CharlesT > Jun 4, 2021 8:05 PM | Report Abuse

Sifu Probability cut loss oredi? Changed tone now

this guy is just saying receivables are paid now la....

ystmywh i heard rumours saying 97% of the rm3b trade that kpmg questioned was received by serba already in June. Is this true? got any news article ?

this london biscuit tricks is old fashion i thought....appears like still being practised by such big companies.....unbelievable

thats why during covid time also ''business doing very well" looks like..... Karim is a genius..bernie madoff of malaysia...

oh i see...new info for me

Posted by ChefKarim > Jun 4, 2021 7:14 PM | Report Abuse

@probability

Karim is Chinese lah, Chinese Muslim Convert, not even mix blood.

actually it would be very disappointing if Karim - one of very few malays who can do business so well (i thought)..turns out to be a fraud ...this country sure no hope... might as well become the centre for Hamas & Jihad training...

may be Karim realized he need to form smaller companies (kpower & scib) to show similar growth level as serba ...since serba revenue has gone too big to sustain using artificial exponential growth tricks (right pocket to left pocket sales throughput and dividend from borrowings)

@bobvic96 , so they are employing the same strategy on SCIB and Kpower? all bullshit earnings masked by receivable and capex (assets which are non existent) ?

wonder if KPMG has similar findings on the other two companies

all the cash had disappeared into working capital mainly the acquired PPE (almost 600m) should be real, as these are physically observable...

you can check their website and search on these plants they have made

O&M contributed 83.2 per cent of revenue in 2Q20 with an increase of RM244.3 million or 25.7 per cent a year earlier due to higher activities from its maintenance repair and overhaul activity in the Middle East region such as United Arab Emirates (UAE), Qatar, Oman, and Malaysia.

http://energy.bernama.com/news.php?id=1873548

........


O&M revenue also can bullshit meh? sounds unbelievable

have a good weekend guys...

noted charlest... just buy bit bit

sellers are limited....but buyers are unlimited and they dont need a rational reason as needed by the sellers

after so many days at this level....upside risk is more than downside now...

auditors usually live in a perfect ideal world....real business practise cannot be fully executed as per IFRS rules due to practical reasons...

sometimes its very difficult to make auditors understand

dividend yield wont protect downside?

In this region its common to have payment being made on behalf of big companies by individuals....

perhaps serba is not really cooking up the top line...the mistake could be only insiders (friends of Karim) benefitting indirectly by these transactions.. may be Karim wanted to protect these fellows and refute KPMG claims earlier and now this would be the only inevitable damage to serba

LC Titan also another potential privatization stock

yes...1.69

Posted by probability > Jun 3, 2021 12:31 PM | Report Abuse X

never sell guys, its just the beginning....


Posted by probability > Jun 3, 2021 2:15 PM | Report Abuse X

what news to sell? news yet to come....

.....

hope everyone benefitted

what news to sell? news yet to come....

never sell guys, its just the beginning....

good closing, money from market will keep coming here.....safe haven stock

why gap down? It should gap up... retailers all stay at home, money will overflow here

Thanks emsvsi..

PTP currently has 14 container berths with an annual handling capacity of over 10.5m teu. The terminal is equipped with 58 super post panama cranes, 45 of which are provided by ZPMC.

7 additional cranes from ZPMC will increase Total annual TEU throughput by 12%

More TEUs handling capacity on the way through expansion...

https://www.seatrade-maritime.com/ports-logistics/zpmc-wins-port-equipment-contract-ptp-malaysia

https://www.porttechnology.org/news/psa-singapore-breaks-productivity-record-as-suez-crisis-causes-transshipment-surge/

https://assets.theedgemarkets.com/pictures/essential-services-list-amended-13012021.png

BP plastic is not only able to pass down the rising price of the raw material HDPE, but expand their margin too from 8.5% to 9.6%...this shows the demand is end consumer driven due to E-commerce where everything is delivered at your door step from any part of the world (this would be a lasting trend)

https://klse.i3investor.com/servlets/stk/fin/5100.jsp

unlike glove players, petrochemical plants wont sprout like mushroom after momentary rain (good margin)..

petrochemical margins is likely to sustain at a good level going forward for long term

Next year PSA will hike up its port tariff by 6%, margin will surely expand at PTP

If it disposed its loss making Senai airport itself you will have additional 100m profit per qtr......

We gathered that while its construction order-book is currently at c.RM4.9b (90% from MRT Line 2, expected to be completed by 2022), management is actively bidding for new projects in order to meet its targeted order-book replenishment of c.RM500m p.a.

i see the max it may deliver 5m profit (per qtr) to Suria assuming 100% stakes

thanks for sharing sincerestock

https://www.theedgemarkets.com/article/newsbreak-dp-world-eyeing-stake-sabah-ports

Last year, the Sabah-based port operator handled 386,786 TEUs (twenty-foot equivalent units) — up 9.5% from 353,161 TEUs in 2017.

..........

the handling capacity is like 3% of MMC'capacity

@sincerestock, what is its TEU handling capacity? i think its incomparable to ptp