Probability is a measure of 'likeliness' that an event will occur - there are no 100% certainty.
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2021-06-04 20:05 | Report Abuse
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 ?
2021-06-04 20:04 | Report Abuse
this london biscuit tricks is old fashion i thought....appears like still being practised by such big companies.....unbelievable
2021-06-04 20:01 | Report Abuse
thats why during covid time also ''business doing very well" looks like..... Karim is a genius..bernie madoff of malaysia...
2021-06-04 19:49 | Report Abuse
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.
2021-06-04 18:53 | Report Abuse
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...
2021-06-04 18:40 | Report Abuse
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)
2021-06-04 18:36 | Report Abuse
@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
2021-06-04 18:18 | Report Abuse
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
2021-06-04 17:30 | Report Abuse
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
2021-06-04 14:53 | Report Abuse
noted charlest... just buy bit bit
2021-06-04 14:50 | Report Abuse
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...
2021-06-04 13:56 | Report Abuse
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
2021-06-04 13:51 | Report Abuse
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
2021-06-04 00:41 | Report Abuse
LC Titan also another potential privatization stock
2021-06-03 19:55 | Report Abuse
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
2021-06-03 14:15 | Report Abuse
what news to sell? news yet to come....
2021-06-03 12:31 | Report Abuse
never sell guys, its just the beginning....
2021-06-02 16:51 | Report Abuse
good closing, money from market will keep coming here.....safe haven stock
2021-05-30 20:56 | Report Abuse
why gap down? It should gap up... retailers all stay at home, money will overflow here
2021-05-30 20:49 | Report Abuse
Thanks emsvsi..
2021-05-29 21:11 | Report Abuse
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%
2021-05-29 20:51 | Report Abuse
More TEUs handling capacity on the way through expansion...
https://www.seatrade-maritime.com/ports-logistics/zpmc-wins-port-equipment-contract-ptp-malaysia
2021-05-28 12:26 | Report Abuse
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
2021-05-25 13:02 | Report Abuse
Next year PSA will hike up its port tariff by 6%, margin will surely expand at PTP
2021-05-25 13:00 | Report Abuse
If it disposed its loss making Senai airport itself you will have additional 100m profit per qtr......
2021-05-25 12:59 | Report Abuse
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.
2021-05-25 11:31 | Report Abuse
i see the max it may deliver 5m profit (per qtr) to Suria assuming 100% stakes
2021-05-25 11:30 | Report Abuse
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
2021-05-25 11:09 | Report Abuse
@sincerestock, what is its TEU handling capacity? i think its incomparable to ptp
2021-05-25 11:03 | Report Abuse
finally pingdan came out...boss any comments on eng segment? any remaining revenue to be recognized
Posted by pingdan > May 25, 2021 10:59 AM | Report Abuse
finally mmc to the moon
2021-05-24 18:38 | Report Abuse
satisfied with the port performance as predicted (next qtr will be even better due to Suez canal clearing pent up vessels), only the engineering segment did not turn out as pingdan predicted...if it comes next qtr, it will be a record qtr earnings
2021-05-24 15:13 | Report Abuse
and by the way PTP transshipment is at 97% of all TEUs handled presently, North port would also be at similar level.
2021-05-24 15:12 | Report Abuse
Just some deep information sharing to enlighten all:
Another ‘New Normal’ as Container Rollover Rates Increase
May 11, 2021
https://gcaptain.com/another-new-normal-as-container-rollover-rates-increase/
The worst performer was Malaysia’s Port Klang, where rollover rates increased 7% year on year to reach 64%, meaning that nearly two of every three boxes handled missed their intended sailing.
https://www.icontainers.com/us/2018/06/19/what-happens-when-your-cargo-gets-rolled/
What happens when your cargo gets rolled?
If your cargo is rolled because of a carrier issue, the carrier will automatically rescheduled your shipment and place it onto its next-departing vessel. Any extra charges involved will be covered by the carrier.
However, should your cargo get rolled due to missing paperwork or customs problems or failure to comply with certain requirements, you will be charged for the roll over.
Note that roll overs often cost more than the ocean freight price itself.
Avoid transshipments. Containers travelling on routes with transshipments run a much higher risk of getting rolled. First at the port of sail and then at the transshipment ports, however many and wherever there may be.
2021-05-23 21:13 | Report Abuse
lame excuse.... bullshit...
Malaysian avg death rate per day is only 5 before covid from all natural causes, covid alone is hitting 50 per day now
how can suicides due to economic restriction go above this rate?
2021-05-23 16:43 | Report Abuse
if left as it is...there will be a point where Islamic countries would only chose to trade with Islamic countries...every single produce for consumption will be forced to have Islamic origin..
it will be an economic sanction based on religion
2021-05-23 16:41 | Report Abuse
reproduction in the name of love is not far from war via domination (by increasing their population %)..its violence masked in the name of love...
China is smart enough to sense this by seeing how they deal with Uighurs
2021-05-23 16:24 | Report Abuse
if aliens see our planet...it would be too obvious to them that the above is the single most stark issue humans are facing that is preventing absolute peace..
its embarrassing to see despite all the technological advancement and intelligence and empathy human posses...the above is still persisting like a growing cancer
2021-05-23 16:18 | Report Abuse
I would give a Noble prize....if we can find one single Muslim leader out of the 1.8 billion Muslims around the world to teach the Islamic followers on recognizing, respecting that all other religion have equal strength and conviction on their own respective religion and that absolute freedom and respect to be given to their rights and practices.. and that the Muslims shall be given rights to convert and chose whatever religion they wish too...
religion should not be forced on the believers and to the others who are living within their surrounding...give absolute freedom to others to do what they wish
if the leader can make muslims live with other religion just like how christians could live together with jews, and hindus with buddhist...
if he could do that, we will be saving millions of lives for years to come and eliminate war completely from the planet, and will reduce significantly the risk of humanities extinction from potential nuclear mishaps...
2021-05-22 14:42 | Report Abuse
Lotte Chemical’s spread to sustain in 2H21
https://themalaysianreserve.com/2021/05/04/lotte-chemicals-spread-to-sustain-in-2h21/
JP Morgan Chase & Co in a separate note last week, expects Lotte Chemical to post strong earnings in 2Q21 though it anticipates some normalisation into 2H21.
The investment bank expects spreads to remain healthy into 2H21 and 2022 as it forecasts FY22 polyethylene (PE) and polypropylene (PP) spreads to be between US$600 and US$675 per tonne versus US$710 and US$850 per tonne range currently.
“We upgrade our FY21/FY22E net earnings by circa 2.5 times to three times as we raise our December 2022 TP to RM5.50 from RM4, which accounts for an 84% potential upside,” it said.
The firm reiterated its ‘Overweight’ call on Lotte Chemical.
Due to the strong PE/PP spreads experienced by Lotte Chemical, JP Morgan raised the company’s FY21 and FY22 Ebitda to US$199 and US$163 per tonne respectively.
2021-05-22 13:14 | Report Abuse
Click on the 'Quick Guide' on The top 20 producers of single use plastic, on below article
https://www.theguardian.com/environment/2021/may/18/twenty-firms-produce-55-of-worlds-plastic-waste-report-reveals
The top 20 producers of single use plastic
1. ExxonMobil contributes 5.9% of total single use plastic waste
2. Dow 5.6%
3. Sinopec 5.3%
4. Indorama Ventures 4.6%
5. Saudi Aramco 4.3%
6. PetroChina 4%
7. LyondellBasell 3.9%
8. Reliance Industries 3.1%
9. Braskem 3%
20. Alpek SA de CV 2.3%
11. Borealis 2.2%
12. Lotte Chemical 2.1%
13. Ineos 2%
14. Total 1.9%
15. Jiangsu Hailun Petrochemical 1.6%
16. Far Eastern New Century 1.6%
17. Formosa Plastics Corporation 1.6%
18. China Energy Investment Group 1.5%
19. PTT 1.5%
20. China Resources 1.3%
.........
I see Lotte Chemical is already top 5 players in Asia.
If they expand with LINE in Indonesia they will have almost monopoly in terms of pricing in the region....
2021-05-22 13:01 | Report Abuse
hope more investors realize that this is safe haven stock at current worrying level covid cases in malaysia and seeing the pace of vaccination....
Posted by probability > May 21, 2021 1:48 PM | Report Abuse X
https://www.theedgemarkets.com/article/stacking-mmc%E2%80%99s-ports-against-westports
While certain quarters say PTP, MMC’s port division’s main revenue generator, is largely a transshipment port, with 95% of its throughput being transfer cargo, it has to be noted that as much as 70% of Westports throughput comes from transshipment too.
PTP handled 8.03 million TEUs in 2016, according to the Ministry of Transport’s website. Of this almost 94%, or 7.54 million boxes, were transshipment.
94% transshipment (meaning it does not involve our import & export)
.........
say you have 3% import and 3% export of the remaining TEUs, even if Malaysia completely lockdown (zero manufacturing for export), it effects about 3% max.
Further more, we will have to import way more to compensate under lockdown
2021-05-22 12:48 | Report Abuse
Financial year ending 2020: Net cash generated from operating activities 1,076,804 ( RM 0.47 per share per annum)
Q1 - 2021 alone, Operating profit/(loss) before working capital changes 633,045 (RM 0.28 per share quarter)
Total Cash and other investments: 4,698,658 (Rm 2.06 cent per share)
..............
The above means, at current price you are buying the company at RM 3.05 - RM 2.06 = RM 0.99
Using the average cash flow before the turnaround results in Q1-21, of RM 0.47 per annum, your pay back is 2 years (RM 0.99/ RM 0.47)
Using the cash flow generated in Q1 - 2021 and annualize it, you get a a forward payback period of less than a 1 year (RM 0.99 / (RM 0.28 x 4)
Even if you HALF the cash flow for annualizing, your payback is 1.8 years.
Not sure if there is any stock cheaper than that in Bursa...if it persists too long i think easily you can have take over offer
2021-05-21 17:11 | Report Abuse
LOL!...
Posted by SincereStock > May 21, 2021 5:01 PM | Report Abuse
@Ogopogo maybe they bought some at 1.10, TA wise it is uptrend now, so who knows. uptrend = buy, downtrend = cutloss. that what TA sifu teaches us
2021-05-21 13:48 | Report Abuse
https://www.theedgemarkets.com/article/stacking-mmc%E2%80%99s-ports-against-westports
While certain quarters say PTP, MMC’s port division’s main revenue generator, is largely a transshipment port, with 95% of its throughput being transfer cargo, it has to be noted that as much as 70% of Westports throughput comes from transshipment too.
PTP handled 8.03 million TEUs in 2016, according to the Ministry of Transport’s website. Of this almost 94%, or 7.54 million boxes, were transshipment.
94% transshipment (meaning it does not involve our import & export)
.........
say you have 3% import and 3% export of the remaining TEUs, even if Malaysia completely lockdown (zero manufacturing for export), it effects about 3% max.
Further more, we will have to import way more to compensate under lockdown
2021-05-20 15:58 | Report Abuse
unlike gloves having large number of workers and densely packed....petrochemicals have high standard of precautionary measures and trained staffs to follow struct procedures to prevent any such cases
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-06-04 20:07 | Report Abuse
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