Now the question is can the another audit firm come out the audited report by this month or not. KPMG also took several months to audit the report.

The financial report will cover 16 month result by the end of the june. Don't know how may times more they can extend. I don't think the auditor had done thorough investigation if they able to come out the audited report that cover 16 month by just using 1 month

I always tell u all ma. How you know will go back 1.5? Unless u are the shark. Afraid is that u are the shark pretend by an ikan bilis.

But Fitch ratings is not because KPMG discovered issue only downgrade the ratings? So is dependent right? Or they based on current unaudited results?

Malaysia can't open is ok. Our MYR so low. Most of the revenue are actually contributing from foreign country. If US can open is more than enough. Of course need contribution from China as well.

Almost 50 percent of market cap liquidated that day. Guess shark is in act.

1.6 billion volume on second day limit down. Seriously who go collect. Smell some money laundering.

Like what i say whether they have wrongdoings or not. Just wait after they settle the issue only decide. This thing can be drag very long. Now another third auditor involved even more messy.

I am willing to pass this chance. Better miss than loss. Is not that this is the only listed company in bursa. I still got other choices. This is not even penny stock. They have so many tickets to push. Can't recover back the loss in share price quick.

I saw the side. Whole thing is very messy. They earn bullion of revenue from these small office. That's very impressive haha.

Haha that invoice so fake one. 3 million invoice can't believe is using this kind of poor format haha.

Let me tell the reason why the director buying back the shares. They want to create this confusion to lure u. They will continue buy until u doubt yourselves and go inside before result out.

No company will drop forever this I agree but not for the company that was found have wrongdoings. Haha not every dip you can trade short term one la. Want trade on short term also don't trade on company that involve fraud one and already being exposed.

Those who said kmpg audit quality not good and blah blah. Then you said those simple question raised by KPMG impossible director can't fake it and overlook if they are a billion revenue company. Let me tell u exactly these simple nitty gritty issue can't be ignore. A lot of fraud cases are detected from these simple nitty detail. They can easily fake up those complex details but not the most simple and basic details.

Panic or not. Just wait the final audited report came out then only make your decision. You guess correct also won't limit up. Don't listen those people say will limit up after the issue resolve. Unless you are the shark.

Don't know what they doing and simply average down. You must be a lot of cash to burn. For those still haven't cut loss. Don't recommend you do average down before the truth came out.

Don't blindly follow EPF. You don't know what they are doing. Who say EPF is buying? EPF has so many nominee account. You know which one is EPF buying or selling or not?

Please look at how EPF last time also kena in transmile cases. They still can file petition to recover back the losses. You are ikan bilis can't do such thing.
https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20100929/281505042561927

Everyone know how to buy that simple. Just 1 click. But selling also 1 click but no one dare to sell. What's the difference?

Best is to buy when trend come and when trend gone just take profit. That simple

Haha who can predict future? Who can confirm what's going to happen after 10 years?

6 billion revenue is like topglove level already yet the paper figure is like shit here.

I love to see this magic show. Last time najib pretty well done in the magic show. Hope this twin brother can come out another great magic show. See how they can deny all these evidence one by one.

Analyst TP not accurate one la. Is not they come out TP then they will buy themselves. Just analysis only ma. Analyst only will update TP on next QR published so now QR release will be delayed.

Just stay tune until the end of this month. See how the twin brother do the magic show that can entertain us.

Junior auditor theory is the most dumbest idea i have heard

No one look at the income statement? Increasing revenue but the profit and net income still stay around same range as the beginning. Tell me what's this math?

Period Ending: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Total Revenue 6014.07 4528.62 3283.17 2722.32
Gross Profit 1053.85 810.83 582.32 483.93
Operating Income 910.54 691.04 473.33 382.1
Net Income 631.75 496.64 391.48 308.09

Let me tell you EPF and whatever fund manager can made bad decision as well. Like robert kok the famous billionaire also made the wrong decision last time invest in transmile but at the end the director fake the figures. Last time transmile also own by many fund entity.

See people simply comment here will limit up or down. If you don't say then I might misunderstood your are the sharks here who pretend by small ikan bilis.

Director can lie to us but not auditor because they were pay to do the job. If they can choose they can just close one eye and open one eye. Why go so much trouble to raise this red flag to independent director without going through company management board first? Who want to work extra mile like this? All the questions raised by KPMG are valid by the way.

They smart la. Purposely assign another auditor and drag another 3 months. See how director want to do magic show. Sure they will release some good news in misdt of it. That period u all good luck la.

Got a feeling that they will escape from this. Anyway thanks kpmg for reporting. Afterwards, just let those clown do magic show. Even whole world believe serba financial got issue. There will be still a group of people think the company is mega sale and go buy haha. KPMG has done their best.

This is different thing la. Don't play with fire. Sapura no fake financial. This is fake financial. Left hand out right hand in. Is a very serious offense under sec laws. One SEC confirm director got wrongdoings sure die already.

If SC simply let this go away because got whatever big political people supporting behind. Shame on bursa and sec because they are not doing anything. The fact the director buying back their own shares because they thought they can managed to escape from these red flag raised by them due to got big political people supporting them.

Who say someone already have wrongdoings can't pretend they are innocent? Najib is one of the sample. When we query him where's the money go, a honest and innocent answer give to us but turn out he is very good in acting. The director here also very good acting.

KPMG no answer the query from this company means because they don't want to be the last one to catch the bomb anymore. Haha KPMG become smarter after 1mdb case.

Actually I believe KPMG had found more issue than what they raised. Now the bomb will be throw to third independent auditor.

Silence is the best way to handle bomb and let higher official like SC to investigate further. Auditor job only report what they found so KPMG has no obligation to answer back your query because the director already answered. KPMG insisted don't want to resign from the auditor is to force kariel to assign another auditor to dig more misdoings. Nice one kpmg.

Ya don't understand why u all think director buying back their own shares means he did nothing wrong. I look back the Q&A. Some doesn't even make sense at all and i am very impressed director can come out this story.

Whatever KPMG ask, their management say because the document and contract provided to them are wrong one. And legal contract also have typo one? The finance didn't check the invoice one? Come on this is billion revenue company.

A billion biz without proper black and white? Who run biz like this?

Actually I don't really care whether their audit issues can be resolved or not. Of course that will be rebound after issue resolved. However, I don't expect the uptrend can continue after all the big sharks run already. Come one that day as soon as market resume trading. 1.6 billion volume ticket gone.

So basically is like doing short term trading based on news.

If going private don't understand why they need to buying their own shares.

Who have trading in bursa long time should know the EPF trading not necessarily correct one. One more thing EPF will assign the fund to other fund company doing left hand in right hand out. So common.

Haha don't know which sharks gave you fake hope that will limit up after audit issue resolved. Use your little brain think. U think sharks so easy for u to guess limitup limitdown.

U all still don't get the point aiyo. Is not about debt and profit. Is all about whether director got made up the fake figures or not.

Other company having great debt and doing PP still working fine now. The problem is that u can have PP to refinance debt. Of course investor won't like PP that need to refinance the debt but still won't die.

Ambank need PP is ok. Not frequent like this company.

Yummy haha

Is just same with transmile to be honest. Outside looks good only. Only difference here is the director here face very thick just like najib. You see the answer provided by their management to KPMG doesn't even make sense at all. Billion of biz can print wrong invoice? Fake website?

A big bull trend follow by a big bear trend is not good at all. Easy to trade on uptrend but not downtrend that after bull.

Open a small position first

The problem is not huge debt. Problem is they fake the figures. I can see the director still trying to defend but doesn't means he did nothing wrong. You see Najib he keep defending himself when we accused him. At the end, he was lied to us.

No LU la. 3 billion outstanding shares. You think so easy to push. This is not penny stock. Ticket so many.

Lol u all think this is penny stock can limit up that fast. Don't dream because the number of outstanding shares so much not normal retailers can push one.

Shame

Issue won't be resolved soon. I can see what the director going to play already. He going to drag this long long. Assign another independent auditor take time to check all the figures as well. At the end, they not able to come out a proper audited report this year.

No show already. Supermacy kicked out from index already. Only last 1 year haha. At last, also can't fight the top 2 gloves in Malaysia which are harta and topglove

Haha well played. Changing auditor at the end still. Now no one will know the truth anymore. Same like 1mdb scandal. Even KPMG not dare to voice out under pressure. I guess they will just not approve the financial report and resign.

Going back to pp price already

If the figures really are fake, then both karim and kariel twin brother will be the biggest joker of the year because can even cheat the fund manager like epf and so on.

Abdul Karim maintained that the group did nothing wrong, and that KPMG was acting in an unfair and peculiar manner by going straight to the company's independent directors to address the audit issues.

Unfair? So u want everything go through Karim then only fair haha.