The immediate question for many who waited forever would be, should i sell?
What's the hurry since QR is around the corner? Worse case you are still collecting a 6-7% dividend yield.
For those chartist, the next resistance is RM18. Don't sell after break resistance unless drop back below RM15. With volume today, i doubt this would happen

you gotta ask lawyer or international auditors. Too complicated for me.

Kuangyoa. I got my info by googling. I didn't do comprehensive analysis on Serba since i don't intend to own any Serba shares. The relationship between efire, block 7 and serba was found in news via googling. However, when Serba annouced in April 2020, Serba never mentioned their relationship. You could only find out this information in much later news thru middle east news report. I personally will question such irregularity. This is not proof of wrong doing.

shorter. Not much info was revealed about Block 7 by the annoucement in April 2020. If indeed it's a Abu Dhabi registered Block 7 awarded the contract, then it's not dissolved. Your link only showed an Abu Dhabi address and not much else. A US registered company and one registered in Abu Dhabi would be a different entity. You can't transfer rights like that.

Ok. i gonna give my tp. RM10,000

My father was burnt badly in the 90s with his retirement money and till today, he still feels hurt. In the old days, limited information is available even if you wanna learn. Nowadays, with google god, 1 has only him/herself to blame for his ignorance. However, i would just wanna share my knowledge which is not necessary correct. Financial market is my interest (i am money face) and i spend at least 1 hour daily reading financial news for almost 30 years. Still i am an amateur.
I am not saying Serba sure is con job, i am highlighting the possibility by logical arguements

MiaoMiao. what you pointed out to rkg is correct. Only that you pick the wrong example. Maybank market cap is indeed bigger than PBB.

Promotion time. Yeah BAT has scaled new height not seen since Dec 2020. Now, that's before pandemic. Chart wise, unless it drops below RM14, otherwise the uptrend might continue. Haha, all the sudden i sound like a chartist.
Now, i gotta declare my average cost is less than RM11 and i am promoting because i don't intend to accumulate more shares and would like you to push up the price. Apart rom capital gain, i am looking at dividend yield. 50% of my share holdings are in dividend stocks because that's what i gonna rely on after retirement.
Gonna dispose of my properties portfolio before i retire at 55 because it's just too much nuisance dealing with real estate agents especially during the pandemic. When i retire, i just wanna travel the word with no worries

Btw, just to let you know, Teluk Ramunia won't see immediate financial impact for Serba. It's meant for Serba to bid for EPCC job in Malaysia just like Sapura, MMHE, Muhibahh in West Malaysia and Oceanmight (KKB) and Brooke Dockyard in East Malaysia. Teluk Ramunia can cater for small well head typically RM100-200m in value. The most, it could generate RM300m - 400m if Serba sapu all. It's a big deal for companies like Oceanmight (KKB) but kacang putih for Serba's current market cap. Also, it's something that Serba has zero experience. You don't become expert overnight.

Now that most of the major projects are almost completed, such as Teluk Rumania, it will generate positive cash flow. But this doesn't mean investor will price it highly.

MiaoMiao7. Yes, you are right. You mentioned 1 past month so i didn't check earlier annoucements. I didn't add up the total accumulation but indeed thaat's a lot. So, this is a positive to Serba shareholders. How about my arguements below? Does it make sense?
1. Why Serba never revealed Karim's interest in the RM7.7B project? Now, as a married man, if i am seeing other woman and didn't tell my wife, my wife gonna be pissed with me and gonna question me why i didn't tell her if i got nothing to hide? From my findings, Efire or whatever has a authorised capital of USD10m. Now, from my limited dealings with bank, no way even to get RM700m loan. How to finance the construction? Also, this is a private project, not government, so means if noone buys, it could fail. So there are execution and business risk even if contract is genuine. Agree?
2. Block 7 Investment showed dissolved. Unless it's a different company. That's not for me to find out as i have no Serba shares.
3. I can't remember whether it was 2019 or 2020 but i believe it was during pandemic. I saw news of Serba in CNBC. Now, CNBC is an American business news network that i go daily. Naturally, i was super impressive. The title was like "Serba ventures into VR for O&G". After clicked into the news, it was about Serba having a amusement like VR park which i saw in Genting. Then, i realised it was a SPONSORED CONTENT. Now, why on earth Serba wanna waste such money on such contents? Ego like Tan Sri Lim of TG?
The other company which i regularly saw SPONSORED CONTENT during pandemic was Green Packet. That time it was selling for RM1. You know how much the share price now? The sponsored content was in THEEDGE. Why on earth GPacket wanna waste such money in THEEDGE? For benefit of shareholders? I think i know the answer. Do you? And do you agree with me it's fishy?

SSlee. I agree with JAKS reply to you.
Btw, apart from JAKS, do you question other listed companies? I still don't see any wrongdoings in JAKS yet but i can see so obvious misconduct in other companies. If you just raise your queries to JAKS, that's not called advocating shareholders rights. That's selective and i would have to question the genuinity of your concerns

Btw, i am not calling buy on Sapura cos Sapura OMV is just part of Sapura. I am eyeing Sapura

Firehawk. O&G has recovered and will strengthen more, no doubt. Immediate beneficiaries are top Hibiscus and Sapura thru Sapura OMV.
Now for those involve in maintenance and services, yet to be seen. My favourite in O&G maintenance is Dayang and they are loaded with jobs now. However, their margin will be squeezed due to extra cost from pandemic (eg. Dayang is putting their offshore workers in hotels long term due to pandemic and interstate travel restriction etc) I won't buy Dayang at current price personally.

I notice Sealink is actively traded recently. I don't know what's the news but for benefit of JAKS forumers, if you wanna buy Sealink as investment, i suggest not.
Sealink's main activities are ship building of mainly O&G vessels and chartering. For O&G chartering, even when O&G recovers, which already begun, Sealink vessels already obsolete and can't be chartered unless upgrade or refurbished. So, whatever assets are worth shit. As for ship building, that's still a ray of hope but Sealink mainly build their own vessels.
Sealink major shareholder should be about 80. His successor? I am not optimistic
Do read audit firm's report on Sealink being going concern

MiaoMiao7. I agree with your arguement. Typical dodgy company, the controlling shareholder won't increase their shareholding substantially. However, i had a check via Bursa Malaysia company annoucement and the only news i saw on Karim actually was him selling shares, not buying. Now, i presume your arguement on Karim buying is via simply wall street? I have seen reports in simply wall street. I believe simply wall street reports are done by AI. My understanding, could be wrong, any majority shareholders with more than 5% need to inform Bursa for any buying or selling of shares. I can see EPF, KWSP but not Karim. You can use link below to find any companies official annoucements
https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=&sub_type=&company=5279&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=

As on your arguement about EPF done their due diligence. I am not EPF so i can't confirm but i doubt they do that. Even analysts that write report, most based their report on company management guidance. Eg. if you bought Yong Tai based on analysts optimistic reports, you would have lost your pants/dress. Simply because Yong Tai management has an optimistic projections on visitors number for Impression Melaka? Now, i am not in tourism business but i can count 5 fingers successful tourist attractions in Malaysia? I don't blame those analysts because most are young fresh graduates. (Hopefully not paid by anyone to write reports. This is fake news ok)

As on TG, i agree TG is a good company. However, worth buy or not depends on valuation at certain price. I don't post many comments and you can see that i suggest forumers to allocate 10% of their investment to glove companies in April due to uncertainty of covid. As on TG boss buying his shares, now this is my personal speculation. I speculate he did it because TG almost became biggest company in Bursa. It's an ego thing. Otherwise, why did he buy most when TG price was at the peak and his purchase reduced during March/April low? TG is a good company which i am monitoring

very boring for JAKS shareholder so spare me some time to promote BAT.
Although i am not a chart person but i believe actually BAT share price shows a lower low and higher high chart? Now enough with technical. let's talk fundamental
As recent as Jan 2019, BAT was selling at RM31. Now, it's less than 50% at RM14.56. Now, my understanding is that BAT profit takes a hit because of 2 issues. Nothing to do with change of customer habits
1. Illegal cigarrettes
2. e cigarretes

Now i know that BAT has or gonna launched e cigarette. Any sucess will be an added bonus because before this they were zero. And i know it's a good move because i saw many people are smoking e cigarettes nowadays.
As to illegal cigarrettes. I honestly not sure if authority has improved on their enforcement? As per BAT's MD interview, Malaysia's contraband cigarettes are highest in the world. Now, that's what i called Malaysia Boleh!!!
So, i bought BAT because i was trying to bottom fishing and betting that since Malaysia already No. 1 for contraband cigarettes, we won't wanna pursue further for super No.1 . So, any % drop would be a winner. So far, the share price seems to be proving me right leh?
In conclusion, assuming that Malaysia can slightly drop from No. 1 spot in contraband and BAT having some success in e cigarette, then hor sey liao lah.
Don't say i don't show you any shares to buy ah. Of course la, i don't need your money but if you could help push BAT up further and help my retirement, i TQ.
TQ for reading

SSlee. What's the funding gotta do with my 2 concerns on Serba?
My concern is whether the project or contracts are genuine or not and not funding.
When i read listed company annoucements, 1 very fast way for me to conclude whether i should further study the potential are contents of the announcements. In general, reputable companies would annouced contract awarded by which company right? Those that don't provide names or with names i can't find much information with google, then i immediately conclude it's fishy.
So, Ageson annouced billion dollar sand contract but the awarder can't find much info online. I say they are conman. Vivocon annouced huge sand contract too but it's a reputable china company. So, i am not sure whether it's a con job not. I did buy.
In fact, even though i am not an accountant, 1 way to find out is by cashflow and debtors. If show profit but all stuck inside debtors or low cash flow, it's a warning sign

i have added some additional comments targeting SCIB in my blog. When you find regularity in irregularities, you need to work on me. I believe this is what audit 101 teaches which i failed in UNI haha

Souljaboiiii. Sorry, i can't justify as i won't elaborate here. I am in O&G business and i am not here to make Serba my enemy. Simple thing is for Serba shareholder to query Serba management why it was not revealed Karim interest in Block 7? And if Block 7 info being "dissolved" true?
Just as i can't justify to you Dayang and Sapura are well managed company. It's all from personal experience. You can never judge management of company on audited account. i3 forum can be a more productive place if forumers from their industry can contribute their expertise instead of just chanting up or down

If you are Serba shareholders, it's your right to get this clarify. Your financial health in your own hand

Windy1974 MiaoMiao7. Exactly as i read in theedge. Are you a shareholder of Serba? If yes, you should ask Serba to clarify the 2 points highlighted?
1. Is the Dato really the owner of Block7? If yes, it was not disclosed in the news.
2. If Block 7 being dissolved, very soon you will receive a news on cancellation of RM7.7B project. You wanna find out later or now?
04/05/2021 9:39 AM

MiaoMiao7. Exactly as i read in theedge. Are you a shareholder of Serba? If yes, you should ask Serba to clarify the 2 points highlighted?
1. Is the Dato really the owner of Block7? If yes, it was not disclosed in the news.
2. If Block 7 being dissolved, very soon you will receive a news on cancellation of RM7.7B project. You wanna find out later or now?

Firehawk. TQ. Since you are shareholder of serba, suggest you to shoot them an email to explain on such allegation. Indeed, the financial impact on you might be negligible but if this is true, then it will cause a lot of losses for a lot of people. Not only financially but also in their life.
Taking financial losses because i choose the wrong company to invest is different from a company that's out to cheat. That's a crime. I personally saw how my father had a big chunk of his hard earned retirement fund vaporised in the 90s as a newbee. Tilll now, he still feels the pain. Needless to say, he invested in goreng stocks.

Benny. Sorry, i tried google but couldn't find how much steel was used to build JAKS power plant in Vietnam. But indeed you are right to say that JAKS related to steel. Without steel, power plant can't exist

do read my serba post especially if you own serba

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

do read my serba post especially if you own serba

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

do read my post on serba especially if you are shareholder

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

do read my post on serba

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

do read my post on serba dinamik

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

i can have as many zero at the back as i want. If at the end it's all just on paper

SSlee. Haha, i really don't understand statutory. However, right hand awards left hand? Would you buy my company because my left hand award my right hand company RM100B contract?

Sslee. Now, i have open the worm can. You can dig into the details. This is protecting bursa investors

i know it's not Serba forum. But i reckon it's important for Serba shareholders to read my blog post on serba

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

do read my first blog ever. On serba. Especially if you own serba shares

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

Do read my first blog wrote on Serba Dinamik especially if you own their shares

https://klse.i3investor.com/blogs/windy1974/2021-05-03-story-h1564258777-Serba_Dinamik_Top_Favorite_O_G_Counter_By_Analysts.jsp

Sslee. Seek your advise. I wanna start 1 blog in i3. Blog title i know but blog path? Description is where i input my blog right?
I feel ashamed don't know how to write blog haha

While i don't know how much longer commodities gonna run, probably a lot longer. I won't buy below 3 companies because of these reasons. I understand Calvin logic behind buying these companies, which should have lower PE i presume? Sorry, i didn't study in details and just a quick guide.
1. I presume THplant and FGV both GLC? 1 rule i have is not to touch GLC if i am looking at long term investments. I believe you have seen enough scandals with GLC to know why? Even i got the privilege to run GLC, i don't mind doing it for free cos i will become very rich anyway wink wink
2. Jtiasa. Cautious with 2nd generation successors. Few succeed (eg YTL) but majority are embroiled in power struggle. When everyone is busy with politic, you think they got time to care for the long term well being of businesses? That's why i miss Dr. M. From my memory, his dictatorship period was the best economically for Malaysia. Changing PM every year won't bring Malaysia anyway, no matter who the PM is.


calvintaneng Paktua73

Now CPO price has gone into World record high

Remember you did very well buying Hlt during Glove Bull?

Now Paktua73 must not miss Palm oil bull run

Go buy Thplant, Jtiasa or FGV now

Yes. if i run JAKS i would clear off all accounting negatives and show big profit in upcoming QRs. I believe we are heading there...That's why i bought a lot. But definitely no where near paktua la

paktua. Are you sure you were not the one pressing down the price to collect cheap kah haha

I agree SSlee.I don't understand accounting but from what i understand, JAKS is trying to write off bad investments and won't affect future earnings? Of course, if it involves any wrong doing, it's rightly so you raised your concerns. However, sorry for me to say, i couldn't understand your arguements. I might be the minority, if i am the majority, then how would you gain support from JAKS share holders.
Your cause is noble but why just stop at JAKS. They are many goreng stocks which the exurberant prices will damage the players? If indeed JAKS is so bad and try to con me, i say i would lose 30-40% of my investment cos Vietnam PP gotta worth something? Whereas many goreng stocks, some with animal names even haha, worth 0? Now, if Airasia can't survive, at least they fight right? Those goreng stocks they do plan, but for their own pockets. You should fight for the awareness for the newbie in bursa. They are gonna lose their life savings.
Btw, i do appreciate your comments on AA. I have exited AA. Covid is so uncertain. I would be lucky to fly domestically from August onwards. Internationally, 2022 finger cross.

Wow, Sarifah macam business woman or accountant ni. SSlee, it's good that you raised your concern but in this case i tend to agree with Sarifah. In life or investment, the hardest thing is to admit defeat due to our ego. I won't invest in JAKS if not because of Vietnam PP. Obviously, ALP sucks at property. He can blame it on market timing but i know many veteran property developers actually turned cautious before 2014. Of course, if you are a listed companies you react differently than a privately held company. I see no problem with the disposals and in fact i am happy. As i stated earlier, JAKS tolong please don't do property again. That might increase overall profit but it's a big MIGHT. Just give me Vietnam PP that's all. MFCB has created 1 of Malaysia richest man and hopefully JAKS will make ALP next and i tumpang belakang sikit.
Many goreng stocks have halved in value. So, are you gonna hold or admit defeat? It might go up, noone knows. However, from me being 1 that used to play goreng stocks, my experience told me that over a time span of 5 to 10 years 1 bound to lose their pants in goreng stocks overall.
I have heard many overnight millionaire stories in Genting but they all now already cabut from loan sharks

Sslee. Please don't take offence. I hardly could understand your arguements. Below are my queries whenever i see you wrote.
1. JAKS really did breach the rules? Since SC also ignored you. While you are a senior management yourself, doesn't make you understand company laws. I would consult auditors or lawyers friends before i would make such post. I honestly not sure if JAKS did breach rules or not by reading your statements.
2. Please summarise your points that you wanna bring out. I prefer reading summaries.
3. If indeed auditors and lawyers find ground, tell JAKS shareholders what action we can take. Eg. draft a letters and get us to sign petition.
Otherwise, your fights won't interest me, at least