the fake figure is potential on receivables and inventories, but the huge debt is real figure. Please becareful. don't play with fire. Operator pun tak mau goreng this counter knowing the potential risk. What risk? i guess operator will also kena trap once all big fund dump the share sekali gus....and all hangus.

Boss and gang support the price at 0.8. it wont go up. But the potential to go down will arise once fund started to throw. don't hold this share, very dangerous. day trade only.

if can go down to RM2, best price to enter.

must be careful, if the price up. sell first. don't hold. these few days boss keep buying yet price not moving. if so good, the price already moving up. the high receivables + inventories with low payable environment is a worrying sign to the business. it is not normal.

it is not logical to finance receivable and inventories via debts. this not normal norm. if serbak is building some kind of project, sure there will be pretty high subcon payable. But none, very suspicious la. Don't play with fire man, day trade only for gambler, don't aim for holding it.

don't joking, even a small amount is proven fake, the impact will be great. because the trust is broken and fund will dump their holding. that time all your capital will all burn.

dont play with fire, balance sheet already telling the risk, high debt, high receivables, high inventories. potential fake sales will wipe out receivables and inventories, left only debt 4 bil.

hidden hand is unloading....careful....

is very obvious, think rationally how serbak operate with high debt low payable. cash keep reduce and yet PP pumping 1 bil into the account and yet not enough. careful guys, day trade only this counter. don't hold overnight.

What is serbak business nature? Capital intensive? Human intensive? How they finance their asset? 4bil debt to finance 2bil PPE? Remaining 2bil to finance customer & inventories? Why payable so low? Is the debt real? Yes! Is the customer real? Not sure...how about inventories? Also not sure... walao eh dont play with fire...

From 2020 to 2021, serbak did 2 PP. raise almost 1bil fund. And yet the debt keep balloon to 4bil. Something fishy. Careful guys, debt is real and need to repay, however if receivables is fake, means die kaw kaw.

Mr. Sardin. Can you give some response?

Careful guy, balance sheet fugure already show obvious potential risk involved. Play with care and dont hold for long. Swing few cent ok for day trade.

Why use bank loan to finance receivables? If u can hutang the payables? Loan need to pay interest. Not logic at all. And the amount is 1.8bil. Who do business like this? Not make sense right?

For now, only can play swing few cents. Don’t hold this share. Very high risk.

Fms016,

You read again the balance sheet. Total debt is 4bil.PPE only 2bil. Very obvious the debt were also use to cover receivables. Very dangerous.

I never come across businesses, company will pay supplier before money receive from customer. And the amount is 3.5 bil. Very high chance is fake sales. Anyone agree with me?

can any expert here help to guide me? How possible serbak with trade receivables + inventories of 3.5bil, but trade payable only 57mil? Does it make sense? It is not logic serbak pay supplier first before receive $$ from customer. Not make sense. Fake receivables?

Fms016, possible as long they get cash..

I dont agree because serbak debt is 4bil. Which means they are borrowing to pay supplier? Lagi not make sense.

can any expert here help to guide me? How possible serbak with trade receivables + inventories of 3.5bil, but trade payable only 57mil? Does it make sense? It is not logic serbak pay supplier first before receive $$ from customer. Not make sense. Fake receivables?

Back to balance sheet, can any expert here help to guide me? How possible serbak with trade receivables + inventories of 3.5bil, but trade payable only 57mil? Does it make sense?

From the Balance Sheet, I notice Total debt is 4 bil. PPE is 2 bil, Receivable + Inventories is 3 bil. Very obvious smtg is not right here. indirectly Serbak is financing customer via its debt. this is not normal. careful guys, this doesn't smells good.

So tomorrow still got room to go down.

They are trying hard not hit LD today

1.3 bil share trade, means 30% of the total share cap. who throw? retailer do not have such quantity on hand. IB? EPF? Boss?

BRENT OIL PRICE BACK USD 70. lets pray for the best!!!

CAREFUL WEI, 1.3BILLION VOLUME, WHO IS THROWING?

if already know today can get lower, why sapu at 1.13?

Mr. Sardin, any comment on their latest QR?

Halo, mana latest QR? Today last day to announce QR. Mana QR? Die lor, cannot make it. Kena saman ni.

so, profit down. share price up? this is BURSA trend now.

if want to buy, why buy today knowing tomorrow can get cheaper?

Mr karim not buying? Epf no support? Remaining 10% in the market now. If sapu all can straight privatised this GEM. Why not do so? Since so confident in Serbak.

Who buy today? Can dare to tell us here?

50% vs 50% . Open bet now. Very easy only. If monday open down then buy. If open up then sell. Why? Because this issue is going to drag at least for 3 months. So shortterm reaction give opportunities for fast money game.

Aiya, about to start engine. Fmco puls

Yah lor, means waterfall must buy more lor...haha

FMCO, get ready for waterfall

FMCO, get ready for waterfall

FMCO, get ready for waterfall

There is also possibility that the management may not know the risk involve until auditor highlight to them. Example customer cheating, not paying them and end up need to write off BIG SUM. Like you having a BIG customer suddenly go bankrupt and can't pay you. You won't know until you knock their door. Means the management can also not aware of the risk and keep topping up share and now BOOM!!!! Possible? We can't deny the possibility right?

No QR report means their report not PASS and cannot release? Possible?

hope result ok, pray hard, pray pray pray....

Yes Sir !!!

look like this isn't small issue. going to be BIG one. SCIB and KPOWER going limit down...oh my god.

suspended, hahahaha. make people scare cannot sleep during the weekend.

Start recover from here 0.9. The worse is over. I forsee price to double in one year from now.

1.13 is the limit down price, if anyone want to gamble, just queue at this price. After tomorrow, you will get 2 days rest and back in action on Next monday. Who knows during saturday and sunday they announce issue resolve....hahahahahah

If not serious need to suspend?they should be transparent on what is the issue.

Inventory=1.6 bil + receivable 1.8bil total 3.4 bil . Any impairment triggering on these 2 item also will blow up and big impact to the share price.

sorry sorry 4 bil debt, 800 mil cash...correction yah...debt keep on increase and cash keep dropping. by right cash should keep increase as every qr also hundred million profit...this might give hint on something. So the financial statement do give some indicator.