China and HK have a ZERO CV policy totally unrealistic, it is not the infections numbers but excess deaths that matter! We need to get real!! Particularily, those who want to live like hermits and don't realise they are dead any way!

HK covid policy is zero covid.......not sustainable.....and realistic, need to quote countries who are dealing to live with infections, most people have very mild, symptoms such it is even less of an issue than flu in European countries and US who have a severe flu epidemic every winter. In UK flu accounts for 45000 excess deaths between Nov and February! I keep repeating, it is in the interest of certain countries to alarm weak countries, we know who are the financial winners....from pedaling doom and gloom.

well it is a upward trajectory, volumes still low, fund will start after new year. Heading towards to 5.0+ for sure

No big deal....look in the past corrections.......one should learn. Short termism .....Where do you think the EPF money from new contributions going to go? Think about it! Also other institutions such as mutual funds and insurers where do they invest? Soon the local allocation will return.

this panic is being created......to date the panic is not justified......the big winners from this panic and other panics are countries were the billionaires created from this........they have very low credit cost if any. They have trebled the number of billionaires since March 2020! you know that country! The big bully! We are falling for it..... sure our finance and business strategy is shit....but we love West and follow them blindly.

KPMG frequently have been used in other markets! They are not always right.

Obviously time taken for the report suggest it is not straight forward at all. As to KPMG, they can get things and context wrong and have been frequently used in many other markets.

companies ability to win international contracts is probably damaged. Who would enter into contracts if there is a doubt about governance

best solution is to go private or desolve the company

What a carry on! even the new auditors struggling, the report is so detailed like Leoy Tolstoy! It is almost Nov, and previous years FR not resolved yet! Shambles! Despite the situation all parties had an opportunity to make amends.... instead we have this comical display.

don't forget NTA 8.47, based on current income stream

immediate target 5.60, then it has to be 6.70, then on to 7.40, given the new income streams which did not exist before and the demand.

these investors are happy to make few thousand myr.......so that they cna have a holiday or buy something not going for the realistic target.

eventually it will go well past pre CV levels...which suggests 6.40+

small profit takers gives an opportunity to top if you have the liquidity

will rally in the final quarter in my view, by then there will be clearer picture emerging from locally and internationally in term of what is open!

Where s the Chairman who came in ready for fight and now has gone quite? Is he still around? without knowing the facts he became very aggressive.

good incentive to buy more shares at this price before XD!

Total silence from all parties is truly amazing! No updates, milestones, deadlines etc? Actually trading should be halted completely until conclusion is reached, this way there is no more speculation and loss of money. Very poor advert for Malaysia Plc.

Lehman directors never went to prison! That is democracy for you in action!

Biggest scam of century somebody suggested here in the forum! Not by a long Shot! Hav eyou heard of Lehman Brothers? Now that is mega it lost USD 680 billion, yes 680b that is more than 80
-100 countries countries reserves put together. In fact all big fraudalent activities eminate from US!

Just to clarify, i think high infections rates won't matter if most are asymptomatic or with very mild symptoms. Every year in the UK for example 25k-50,0000 people die of flu. The numbers are huge yet people get on with it, the key is to learn to live with it and get fully vaccinated. Just reporting infection numbers in isolation does not mean a lot. Some political fool suggested that infections have to fall below 1000 to open interstate....what a load of crap!

Taking up the drip option will give you pretty quick return of 16-20%, cant be bad. If you keep it for longer period than returns (income ) will compound on top of capital growth which is highly possible within 1-2 years max. Day traders different ball game.

The results were good.....given what is happening....and CIMB don't forget have diversification and regional exposure.

buying will come later as results are digested and asset allocation redefined. only short term day traders will sell other than epf who are trading in any case an dhave a large holding.

dip in CV cases is always over the weekend. Should have addressed migrant workers ages ago and we would not have had this problem! The focus from day 1 should have been on Klang valley and Selangor, sad really, but we will get there

We should support Genting.....as it represents Malaysia globally.

Genting come on fly the flag for Malaysia! Genting will recover very nicely, 2 year view.

banking sector is still the favoured sector!

Total mismanagement of CV by authorities! Total Lockdown is not the answer.......we had 1.7 months to develop a strategy.....yet we have none! Strategy should have focused on Selangor and Klang valley, to begin with, it should have been test, test and test followed by vaccination of Selangor as a priority including foreign workers! If parliament was functioning strategy could have been discussed and implemented! Malaysia needs to unite.

very sad, serba downfall reflects in many ways what the country is suffering right now, poor governance, strategy, mismanagement, corruption, greed etc etc. It should not have been this way. The whole Serba issue has been very badly managed by Serba management, KPMG, no winners, Malaysia plc the losers! New Chairman comes in, had an opportunity to calm things down but he decided to breathe fire....now it is fight for survival Serba and KPMG.

Conclusion all involved incompetent, as the situation right or wrong could have been better handled! no winners here. Confidence will be hit for ever. May stage a small recovery only for those to recover losses.

huge buying support 180m +, who is buying? Do they know the true status or guessing, or is it dead cat bounce, with people verging the losses down and then will sell? All will be revealed soon!

las vegas is going beserk, with people spending 5 times the average spending. Pent up demand is huge! This will be replicated in all other sectors. Patience will be rewarded, this counter is blessing in disguise when compared to Serba shananigans

going concern, banks Risk functions must be busy, when to activate contingency plans?

Serba, actually come to think of it is very amateurish in terms of how it conducts itself, and who it deals with. Looking at the queries they are actually very basic, verification audit stuff, nothing complex. The question remains that these sort of issues must have also been relevant in previous audits, how where they managed? Is the KPMG audit manager new? I had serious issues with directors constantly dealing in the companies shares, and of course the retailers bane, dreaded PP. Any investigation should cover both audit issues and share dealings and allotment of PP shares, which may be to some of these customers / suppliers, in return for private payment? All speculation, at this stage, but i have a bad feeling. I hope i am wrong as this scandal will have a major impact on Malaysia PLC and Foreign investment. Already Malaysia suffers from poor governance image. This will make matters worse.

where is calvin ding dong....bad mouthing Yinson?

where is Meow the cat? Average down popular advise come what may......until your knickers are left to dry!

directors / owners have to buy to shore up the valuation which in terns their ability to borrow. The interesting point is what is there book value or break value?

can you imagine what the directors in question as well significant investors and exposed banks are going through. I think of investors all 3 companies need to be investigated quickly to verify assets and receivables if they are bonafide!

glad to see CIMB is not one of the bankers! UOB?

Serba, SCIB and Kpower have 2 things in common, same majority shareholder and all have very high receivables, in relation to their capitalised value. Think about it! I don't buy that MYR 3.2 b of receivable cannot be validated pretty quickly? Furthermore, if new auditors are appointed they will have the same process? Management knew it was coming so why did they not take some action before coming to is? Can the directors be sent to jail for deliberately falsifying accounts?

be warned all these companies Serba, SCIB and Kpower have unusually high receivables in relation to their market value. could be similar problems....no evidence but highly concerning.

CIMB will be good investment medium term....the actions taken by management during CV would be positive in the longer run. Indonesia and Thailand will businesses will see a good turn around. Indonesia is has very positive outlook with FID coming.

Bad debt provision including management overlay, will begin to see writeback 2nd qtr in my assessment. If MCO ends soon with vaccination progressing well and gov begins to function we may see more positive move by CIMB management.

soon onion will dump remaining shares as well. Entry point is PP share price

All eyes on Aston Martin and Rolls Royce shares today,

beautiful Serba very consistent sellers outnumber buyers by a huge margin, very consistent performer. Keep dumping PP shares.

Fickle investors very itchy prepared to small profit....any further correction time to collect for the lont term. Cant see going much lower as interstate travel will b allowed.in March

Malaysian market remains a laggard due to political, uncertainity risks and MCO imposition. When MCO is relaxed interstate travel is opened up followed by functional parliament, we may then see broad based recovery. US is not a reference point as they have endless capacity to print money at will as they control the global market and the credit agencies. Lesser mortal countries don't have that luxury.