What a sad state of affairs….almost 2 years ago I raised my suspension in this forum about Serba and was pretty sure it was unethical set up, the way the directors were continuously trading in company shares, announcing MOU’s and share placements suggests were sure signs of fraud. I was shouted down! Where is that feline who makes stories and made a thing about battleships, another fraudster.

When it comes to traditional valuation methods in case of CIMB it is not so relevant. Due to large Investment by govt institutions, in CIMB it will do better than most in attracting new investment. Pension contributions have to be invested somewhere…and CIMB has a fair allocation to it. So I expect it to rally 6 sometime next year before final,results.

Stock raider please do some research….and learn basic meaning of net profit. Sure if they had no loans it would be better, but in such capital intensive industry borrowing or raising capital via RI is the norm…check out other global companies in oil and energy sector.

Sure 10% return next 6 weeks!

Borrowing is leveraging…..besides in such capital intensive industry borrowing is the only answer.

Writing is on the wall sadly! Not too difficult prove that there is no fraudulent reporting. I always suspected something was not quite right! So many private placements at huge discounts and MOU almost monthly, most did not progress….receivables rising faster than sales! Tell tale sign. Surprised it has taken such a long time. Sad that many would have lost lot of money… greed leads to fraud. I am sure problems already existed but auditors where more diligent this time around. I am sure there may be case against the audit firm for not picking earlier. Hopefully lessons will be learnt. Very bad for Malaysia Plc and the regulator.

General consensus after initial scare is that the omicron is mild compared to other variant. In any case we need to be carful comparing to countries who are unvaccinated and who are in winter …as they suffer from seasonal flu ….remember scaremongering is an art to make money. Who has come out of the CV stronger …the rich old countries like US and others.

How can you miss the rally when it has just started….it will retrace to 5.53 in the new year and if results season in Feb / March is better than it will rally further.

Genting will rally to 5+ by year end or soon after in the new year! New virus is infectious but symptoms are mild…..don’t listen to U.K. where hospitalisation due to flu are also very high in the winter months….Dec - March…..it is obvious having lived there. Flu deaths number 45000 annually! We need to live with cV as we do with flu etc. Chnage our life style and follow SOPs.

Omicron….it has been confirmed that the symptoms are very mild. Rate of infections in countries like U.K., US and Europe with or without omicron would be high given that it is winter and they have been enjoying the summer months without following any of,the protocols ….whilst countries like Malaysia have been locked down and over zealous …time has come to be brave and back the fact that most Malaysians have been vaccinated ….we need to change mind set! We need to live with the virus and get vaccine top up….open up the economy otherwise death will come for sure .
Don’t forget Western countries can print money at will and there is no impact as they control the rating agencies. We need to be smart and not trust these countries have our own strategy and viewpoint

Mini 2020 talk total crap!

Mini BRAINS FORGETS TO mention that omicron V gives very mild symptoms ! This is being consistently stated by SA and US….so Far!

Lot of bull is talked here. Let’s be honest lot of scare mongering going on! We follow the west blindly…the fact is U.K. and West has been irresponsible….in their compliance. We need to learn to live with is virus…mutation happens ….and bull accounts the symptoms are mild….the folks who benefit panic we know who they are! Deaths in MALAYSIA are mostly from folks that have poor health and existing co-morbidities…..things will settle down

Panic has been created deliberately…..the results so far indicate mild reaction to the latest CV variant! Some people and countries have vested interest in creating this panic! In U.K. in normal winter around 40000 people,die from flu, with Jan / Feb being the worse months …I suspect this applies to most European countries and US.

Who cares about sheep farmers! Not relevant

Short term correction…due to general world wide market conditions. New year will rally

I think very respectable set of results given the circumstances. US is very encouraging and soon malaysia will contribute positively. Good price to acquire shares for medium term returns

Solution wind up and jail. Shameful company and fraudulent behaviour ….equally fraudulent supporters ….meow and battleships crap!

Undervalued stock compare this company to Serba, who is run by crooks!

Short sighted government …..look at the countries strategy….they are supporting the corporate sector sot ant they csn compete and grow and pay more taxes from additional revenue ! Not before!!

Malaysia to open international borders by 1 Jan! Why not open early December as most people from west take holidays in December ! Open early Jan means loose ground to other countries like Thailand! Need to think properly and not wait and see …have some foresight for gods sake!

Need to shut down all companies connected with CEO and bursa should investigate other companies operating the same way…there are many more sadly!

What a shameful company! Absolute disgrace to Malaysia PLC when you have such companies operating as listed. Followed by fools and led by fools.

Meow total crap to all! Shameful

Genting, Cameron Highlands…..all chock of block as visitors return. Certain hotels booked all of Nov aim to Dec

Big rally due running into 3rd qtr results.

What a carry on by SD, EY, and the Bursa….. complete and utter jokers…seems like there is no effective communication between these parties on what is fundamental importance to investors that leaves Malaysia’s corporate governance in total shambles and reputation shot to,pieces.

Load of bull on this forum SD finished contracts business is dependent on trust and sound reputation. All destroyed. Corporate due diligence is fundamental in doing trade unless the other parties are similarly suspect. That’s is why SD should be listed should be privatised if it wants to survive.

Comedy in action….shameful saga

I agree about this battleship crap being talked about….mabel

Battleship crap!

Need to be patient Genting is leverage play and I am confident people there will be heavy demand as we learn to live with CV…new norm

Bull shit ….saying that company has 18b of contracts! No body would want to deal with this sort of organisation …unfortunate and very bad role model for Malaysia …in all departments they have let investment community down! With lots of insider dealing, Private placements galore MoU with questionable entities disposing large number of share in the open market …very surprised the regulators were not on the ball earlier …..So what will happen, go private , wind down or get some one to acquire them. If reports confirms misreporting which is serious then the management should be barred from holding high office. Then there is the question of legal action perhaps by KPMG to defend their reputation. All very sad, we have very strange people here promoting all,kind of things…the funniest being this battleship crap …pretends to be women! All shameful folks

Some gullible fools think it will be all,ok? After all SD suppose to have 18b contract outstanding! Have these be verified….I doubt it! Any way who would deal with such a company unless they are also of the same ilk! The worst people are corrupt and untrustworthy ….they have morality and can pretend to be righteous and pray…counts for nothing you may fool mortals but not the almighty! Remember this.

Some corrupt or fools see there is still hope after this debacle! Market works on trust how can you trust the directors when they cannot be relied on busy dealing in company own shares!

The accounting issue was simple not a complex investment trading product like sold by Lehman Bros…this is a simple as you get! You record sales and post a receivable ….which could not be verified! the big debtor outstanding could have been picked up by year 1 ACA student! Question did they verify earlier debtors or was this first one from a suspect contract?

Really shameful and questionable behaviour by all…no winners. Bursa should have taken action long time ago. Now Monday will be panic day…all because trading was not suspended when the report was issued to Serba management. It should have been suspended then! These guys know the contents which cannot be good surely! Look the last qtr results were down why! Because could not set up fictitious not verified sales debtors….my assumption which is heart of the year end issue.

Very interesting! Suggests company was prepared to release and meanwhile directors were busily trading! That included selling of warrants and buying of 2m shares! That itself is a big issue in my mind.

Are we really surprised I raised concerns few year ago about this company with regard to directors continuous share dealing and private placements with significant discounts and MOU all very suspicious and so it turned out. I was shouted down! Very poor governance and warning. Signs were there for the Bursa and others but failed to take action. I am shareholder lost some money but the damage to Malaysia and Bursa is immense, very sad. No matter what happens from here is not important. What is amazing is despite the investigation the shares were allowed to be traded ! Why the stock should have been suspended …why too many shares held by the insiders. This is an issue.

Where is the investor on this forum who talks about battleships? Sunk I assume without trace?

Jokers maintain an orderly market ….when was it orderly? As soon as all thsi came out it has been nothing but orderly! The insiders have been trading mostly selling their shares without any recourse.

Should not have been allowed to dispose his warrants …..this is not fair trading and conduct of orderly market…which Bursa or any other exchange prescribes to! Suspend after the horse has bolted. Shameful

Should not have been allowed to even sell warrants….there should have been a trading ban or suspension long time ago! This sort of things is nit equitable to normal retail or imsotiruinal investors assuming you have only public line information. Insiders have all the info and are allowed to deal! Shocking really.

He is privy to what is happening how is he allowed to deal, when outsiders don’t know what is happening! This is unacceptable! That is why I think the trading should have been suspended until the report is out. That way effort would have been made to expedite the report. As it stands insiders trade knowing the outcome one way or other.

We need to learn to live with the virus, simple! Death rates are low! Don’t keep, quoting U.K. which in a normal year has deaths from flu and associated condition mostly impacting the elderly! We need to follow the SOPs and conduct life as normal.

Without doubt foreign investors coming in.

Here it comes placement again……discounted for friends ….epf investors knew amd withdrew. Get ready for good correction.

Definitely construction will re rate as economy restarts and construction projects are significant part of the economy. I am expecting good performance in 2022

Good Call, emsvsi…….Genting group definitely due for re rating and should go ahead of pre CV price and beyond given Las Vegas resort as well as other business sectors it is invested in out performing

Still on the uptrend EPF disposing to make their turn…..and pay benefits. They will soon buy back as the price goes to next level. From business viewpoint we know there has been no major corporate failures that took place March 2020, 2 big ones in Sing! Economy on the recovery so I expect the uptrend to continue in 2022.

I am pretty sure the contents and conclusion of the report is known by some, it is politically dire I suspect and there is negotiation going on to get the tone right and make it as palatable as possible.