Banks are undervalued ....when economy picks up post CV they will show tremendous growth banks in US and Europe have already outperformed

Mabel always economical with the truth!

Yinson management, I would advise you strongly to take legal action for defamation. This is the only way to address fraudsters. The bloggers details are available, and should be taken to the cleaners. The allegations are serious when you make comparison to Serba you implying there is fraudulent activity!

Serious allegations without evidence is a very serious matter that should be addressed in court. I think the accuser has got a Covid the Indian version

Las Vegas is heaving hotels and resorts all booked,casinos back in action ...according to new reports. The demand ha sbeen under estimated ...no doubt when things open up the move will surprise everbody.

Real trouble makers in the forum, spreading false accusations based on rumours and allegations!

Nobody is bidding, for Petronas, because Yinson has already established in this field and no one else can make it work as their bid won’t be competitive. Not surprising. Yinson will be subject to proper due diligence ...that is also a proof they are not like Serba as claimed by Calvin.

Calvin out or order my friend...when you make comparison between Serba and Yinson. Be rationale based on facts.

Very poor comparison between serba and Yinson.....Yinson sure have better overall governance and directors are not buying and selling shares on daily basis not to to mention frequent pp and rising debtors corresponding decrease in working capital. You have to ask why it has taken such a long time for KPMG and SC to investigate irregularities. Sufficient alarm bells. I reckon you may find other companies with similar practices....I hope not!

Yinson undervalued and not loved. Unlike Serba Yinson is not up to mischief, from waht I can see. There has been constant directors buying and seeking companies shares, PP, MOU’s hyping, which we now know what has been the problem. In contrast Yinson has good governance ...about time the shares price reflects its performance!

Think about it ....can KPMG be wrong. This debtor / receivables issue is not rocket science. The revenue has been inflated by setting up a trade debtor, by all accounts from overseas contracts. What has happened I suspect is rising outstanding debtors, rising borrowings without corresponding increase in cash over many reporting periods. If you do a simple verification on the relationship between these balances you will conclude that they need further investigation and if these debtor balances cannot be certified as being true and correct than there is problem...which is not an accounting error but a deliberate action to overstate companies financial statement...very serious. If this is established to be the case than I am afraid the company will collapse and may not be a going concern when all liabilities are taken into account. The directors concerned will end up behind bars in most jurisdictions.

I can’t see how a seasoned accounting firm can make such an error of judgement.

Which is the best call warrant for a gamble?Any idea?

What is the bell call warrant if one wants to gamble? Any ideas?

What a carry on!

What is the NAV or break up value! That is what one has to answer after settling its debts!

This is shocking ....Ali baba and 40 thieves ...kinda of story. We have to wait until we pass judgment ...but I must say it is not looking too good, setting up erroneous debtors or receivables is very old and but archaic way to inflate sales income. For now I am hoping we are all wrong ..because this sort of behaviour comes from the top and surely same practices may be prevalent in other associated companies. I for one always questioned the director share dealings for their timing quite often before announcements and disposing soon after before placement of shares. This sort of behaviour is very poor governance.

Genting let’s go ..look ahead 2022 and beyond

Cimb clouded by political affiliation unfortunately. Bias analysts and retail,investors.CMB is good investment propsects in medium term ,

I have been saying that CIMB results will be good even taken into account one off...they will recover further.

Good consistent results ..yet price stable...the impact will filter through in few days.

Kenaga ....Real jokers...are they in real world ..look at the other banks in the world ...any short time I lack on credits costs will be eliminated in due course. Banks continue to function the biggest risk is from a big corporate failure like in Singapore ...nit likely to happen. Serba is the big risk

Just think about all the selling of share that took place with Onion pulling out?

Ride out the storm look back in history!

I am very surprised Securities Commission has not investigated them as well?

No communication as to then the trading will open...that itself is so poor is unbelievable! They need to communicate and say what the issue is when trading will recommence ...by be silent is pouring oil on water.

Private placement ....again haha the usual destruction of minority interest continues unabated. What gets me with these companies is amount of share dealing they under take on their account! They can’t be too focussed on developing the business and contributing shareholder value...any growth is destroyed and redistributed to the chosen few connected folks! It is a scam for sure. Another is use of MOU with no value ...keep hitting the market ..all a game,

Poor governance for sure ....I had a feeling something would happen like this to Serba...something was not quite right ...Auditors very often are blamed for not picking up irregularities. They have exercise reasonable care when auditing businesses ..and usually you can feel there is wrong doing as the culture at the top is usually the reason. I for one don’t believe in PP particularly when you ramp up the price than sell before and then announce PP..with large discount and no transparency as to who receives the allocation not available to shareholders! Very very unethical practice particularly if it used multiple times ....I am surprised SC has not investigated this?

How many times Auditors have failed and consequently been sued for negligence and not acting properly...as they were compromised? I have a bad feeling on this ...it cannot just be structural issues, more to with contracts and acquisitions and explore values.

Time to be brave and innovative. uK gov after a disasterous handling of CV stumbled in right strategy, that is Funding vaccine development and deployment without much red tape! It was owned and driven by one lady and once good scientist ..Valance...saved the bacon for Incompetent Boris and cabinet.

I agree of Sing is using this saliva based testing, no point reinventing the wheel...need to be quick off the Mark. Just like vaccines being approved by leading world scientists should me no need to detailed testing as much critical time is wasted. Time is of essence and cost lives and money

Highly unusual...they need to make a very clear announcement of the issue(s) raised and remedial actions if any....there is huge opportunity to ensure there is no panic ...communication needs to be be well thought out. Many a company has been destroyed for poor communication with issues of lesser gravity. What is poor is that the Mgt knew it was coming ...these are not actions taken over Night. I think the mgt is poor from what I can based on decisions they have taken previously ...placements , MOU, director disposing large shareholding in open market and so on! This is a company not strong on governance culture

The question is the worse over for the banks and CIMB in particular? I would like to think so.

I think better results will filter through ....let’s be positive. Buy for good recovery in 2022, accumulation for solid return

Good set of results posted by RHB...including dividends it is now CIMBs turn!

Well done RHB. RHB is due rerating for sure ...it should move up, supported by reasonable dividend

TUFGamer I suppose that changes his character! BTW auditors have failed many times to properly and accurately evaluate financial statements, too often there is conflict of interest. I personally had doubts about the way placements were undertaken and subsequent share price movements. Also the timing of announcements were questionable, with insiders having information and dealing.

Gcke totally agree with your comment on 21 May. These share placements actually are questionable and don’t have transparency as to who gets what! If company has to raise funds the better option is rights issue...as it treats existing shareholders more fairly and not just a select band ...who make immediate profit on heavily discounted shares. There is lot happening in this counter which is questionable, for example open market disposal of significant shareholding by Onion which is again very questionable by a director on the board. Very poor governance.

Serious issue....external auditors have discovered significant irregularities hence independent review. I would also review share dealings when placement was made ..at discounted price.

Waiting for results to emerge to give glimmer of hope. Health of the banks are critical ,for Malsyia PLC...CIMB have a buy call even from offshore market analysts

Sell in May has been pretty accurate ....look forward to June and upwards.

A friend of mine went to Las Vegas and he said it was very busy almost back to normal. So for a new opening there will be extraordinary demand.

U.K. have successfully used dogs to identify Covid infection...very cheap and effective apparently

Banks world wide have rallied despite bigger impact from CV....

Will be supported from institutional investment .....price around 4 will be temporary

Moratorium does not directly equate to bad debts!

Cimb will rally from here....there is big recovery in write offs! The worst of the big corporate failures in 2020 will not shown....so positive for the bank going forward.

RHB a good buy....results will good.

By the way Las Vegas is sold out in many venues....all activities are full and operating 100%! So this would be good news and NK doubt when things return to normal,in other venues there is huge lent up demand.

Stale price has lot to with private placement, that was heavily discounted. Any rise in price is counteracted by disposals by those who got shares allocated from private placement. They have already profited

Foreign ownership reduction merely reflects lower asset allocation to Malaysia Plc. Not surprising given the political hiatus