*Key takeaways from Serba Dinamik conference call:*


♦️ *Serba received the official review request in early May this year* and this is the main reason for the change of financial year end to June. *The prolonged COVID-19 pandemic has somewhat limit the ordinary audit process* despite >90% of the subsidiaries/material subsidiaries are audited by KPMG.

♦️ *No fraudulent related reports have been raised* thus far. The review are not particularly on certain transactions or subsidiaries but more on overall operations which include domestic and overseas operations. Some of these issues have been addressed by management and the independent reviews will “give comfort” to the auditors.

♦️ *No RPT is related and the additional reviews are not backdated to prior year numbers.* The additional review also not extended to Dato’ Karim’s related companies i.e. KPower and SCIB.

♦️ Serba Dinamik has identified a new independent firm to address this issue and *the review is guided to be completed by August* concurrently with the conclusion of 18MFY21 financial statements (until October 2021 for submission).

♦️ Management reiterates that *no disruption to its business operations* at this juncture. They have also engaged with financiers and *have not received any pullback of banking facilities* and credit lines.

♦️ Our view - *the explanations given by management may not be able to provide sufficient clarity and comfort to address investors doubt.* Expect share price to react negatively and it will remain a major overhang until the company is able to prove the veracity and accuracy of these matters.




*RHB Research*

No

I think so...but they only will calm us down when big invest eat enough ticket at cheap ticket :) can also flush weak retailer n contra player...

Among others, Azhan was entrusted to engage, on behalf of the group, with the principal bankers, analysts, auditors, consultants, shareholders and regulators, in particular the Securities Commission of Malaysia and Bursa Malaysia.

He began his career with Khairuddin Hasyudeen & Razi in 2005 and later joined KPMG in the same year and serve until 2009.

Thereafter, he joined Schlumberger and his last position was operation controller prior to his appointment as group financial controller of Serba Dinamik.

☝️
2018 no prob

2019 no prob

2020 got matter?why?

covid 19...

Need third party 2 confirm...

Change in Financial Year End
SERBA DINAMIK HOLDINGS BERHAD

Old financial year end 31 Dec 2020
New financial year end 30 Jun 2021

Remarks :
The Directors of the Company is desirous to change the financial year end of the Company from 31/12/2020 to 30/6/2021 due to continuing extension of the MCO in Malaysia and lockdowns in countries in which the group have hampered the ability to finalise the Group's financial statements (FS); expansion of Groups operations in new countries further add to more time required to finalise FS; to facilitate better audit planning and allocation of resources to avoid the peak financial reporting period.

Good info bro

What is the main point bro in the presentation by karim?tqvm

Agree

Yup..no worries..just collect more n hold...

I told u yesterday... ;)

Epf got many fund...got short and long term....

https://www.bernama.com/en/business/news.php?id=1936247

I just follow and make friend with the market n luckly my ep also quit nice n last year topup serba wa at 0.16

1st its money n risk management bro...half of my money for serba is for invest and another half is for trade...its up to u bro...its really2 works for me...

If is not truth its is just a rumours...but if it truth..its good news..but my 6 figure profit its not a rumours :)

https://focusmalaysia.my/business/serba-dinamik-is-bullish-with-2021-prospects/

That why we have to wait....i m also hope this news is legit...

No prob bro....tayor..i just forwarding from my fren..so that we can monitor ..this is not a buy call...

“The big money is not in the buying and selling, but in the waiting.” – Charlie Munger.

Dont worry i already got my 1st 6 figure profit with this counter last year...risk n reward ratio is very good...hoping to get my 1st 7 figure this year... :)

“Besides our ICT segment, we will also continue to seek opportunities in oil and gas (O&G), utilities and space technology in 2021,” he said in a statement.

https://focusmalaysia.my/business/serba-dinamik-is-bullish-with-2021-prospects/

Something BIG for Serba Dinamik is coming this Wednesday, 3 March 21.. Please get yourself prepared or you will miss the SPACEship

Fyi Serba Dinamik will enter into an agreement with Malaysia Space Agency for the development of Malaysia space economy and on the same day they will sign an agreement with foreign company (i cant reveal the name here)

Forwarding info from my fren...

Hold is gold....

KUALA LUMPUR: Serba Dinamik Holdings Bhd has acquired a fabrication yard in Teluk Ramunia from Petronas Nasional Bhd (Petronas).

The acquisition, Serba Dynamic said, provides the company with the opportunity to venture into the marine and offshore services segment, leveraging on its close proximity to Petronas' refinery and petrochemical integrated development (Rapid) project in Pengerang.

https://e-serbadk.com/site-visits-to-pengerang-eco-industrial-park-peip-pengerang-international-commercial-centre-picc-in-johor/

Just hold tight guys....

https://e-serbadk.com/portfolio/pengerang-eco-industrial-park-and-pengerang-international-commercial-centre-in-johor-malaysia/

Yup....

Serba Dinamik Holdings is consolidating, testing the RM1.61 resistance level. With its RSI indicator in an uptrend, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.66 and RM1.72. The downside support is projected at RM1.50. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.61

Target: RM1.66, RM1.72 (time frame: 2-4 weeks)

Exit: RM1.50

Source: AmInvest Research - 5 Feb 2021

Typo bro....

Tqvm :)

How to check the short selling?

Dont worry im with u...hold is gold...6 figure profit already...in sha Allah 7 figure profit after this...

Vaccine+good management=recovery mode...

http://globalnews.ca/news/7522774/new-coronavirus-strain-mutation-vaccine/

Agreed...

Yup management is the key...look at vietnam...no vaccine but still the case is very low..now is recovery mode...hold is gold...risk n reward ratio is still very2 good...

In serba we trust...in serba we invest...

In serba we trust and we invest...

Jdt :)

No need to worry... last price i hold much lower than that..

We just have to trust the process ;)

Good morning and have a nice day...
Hold is gold...if people throw i collect more...
Nothing to worry beside put big money in serba as a major share holder..dato karim also directly involve 20% (101mil out of 500mil)in the private placement. Look at kpower n scib, then u will know what dato karim vision. Even awang not throwing anymore...Serba is not a goreng counter, its an investent counter...just go with the flow n hold tight.. ;)

Karim also put big money in the serba...so dont worry...

Yup....on monday dato karim just meet with tmj...something big is hapening...

Let hold tight nant kita raya cina n raya melayu awl ckit... ;)

Hold tight

In serba we trust....trust the process...