That's why employ Shafee, the head chef.

Posted by Stockisnotfun > Jun 22, 2021 6:30 PM | Report Abuse

Haha they should sue only when EY comes out the result. They trying to sue now got what use? No evidence whatsoever to prove kpmg is wrong

Yeah, Chef Karim and gang back in kitchen. hahahahah............

Posted by probability > Jun 22, 2021 6:24 PM | Report Abuse

my frank view on SD now....they definitely not white earlier but grey...now they must have done something to clean up such that they will look white now.....

this is what i get from this special announcement (no reason to ask for additional trouble by suing KPMG unless you know the odds of winning is high)

to protect against margin call sounds bullshit at this price level

On 17-Jun-2021 EPF sold another 3.4 mill shares. Must be selling everyday now.

Shafie, Jibby lawyer, Jibby also lost in 1MDB case. This legal action looks more of covering own wrong doings. Caution because the audit will drag and no more financials coming out. Everything in limbo. Should have sacked KPMG as earlier proposed.

Posted by Steady Punpipi > Jun 22, 2021 5:14 PM | Report Abuse

Top lawyer shafie shld filter out those lowballers too ya

Hahahahah see more independent directors resigned more fireworks to come?

Probably the related parties transaction, but this is side issue, crucial issues are the RM4.3 billions still to resolve.


iHunter The rumours among hedge fund saying that he going to deny the company involvement in some countries.

This is good news for shorters and hedge fund to clear thier holding which we have been waiting for him to make any announcement. It's going to be fun.
22/06/2021 10:14 AM

New chairman wants to promote himself, old chairman resigned. Not a good sign. This press conference can solve the outstanding audit issues? Hardly.........

wow, bad news after 5pm. Go top up somemore?


Posted by pendekarbujang > Jun 22, 2021 9:42 AM | Report Abuse

Bad news usually announce after trading hours.Good news will be at noon.Stay tune for good news today.Top up some more.Im coming

If go below 54 sen Awang bankers start to forced sale again.

Where is gigolo(gg)comliao? Let him kill himself.

If EPF dump all at once 300 mill shares, 10 sen is possible. Notice EPF net seller since audit issues.


Posted by josephn > Jun 21, 2021 9:24 PM | Report Abuse

EPF purposefully let go 4% to create panic so that later EPF buyback cheaper from you to get back their principle and profit

I encourage you to buy more. Go ahead first thing tomorrow morning don't forget yah?

ggcomliao Alenac ikan bilis, how you know no buying, remember bilis like u will ALWAYS be 7 days late to know any news yo if u insider say u are or else u just bull out ur way
21/06/2021 9:09 PM

Very weak ones from below, expect insignificant movement unless owner come out to support for EPF may come out in full force to sell.
greenhorny macd crossing soon, next few day will be up~

Epf not supporting Serbak anymore, no net purchase since KPMG audit issue arised. Another 300 mill share at EPF disposal.

Posted by Profit77 > Jun 21, 2021 8:54 PM | Report Abuse

Epf have acted as punters before. They will do it now. Buy in the morning sell in the evening,.

Expected EPF disposing while bullish small fries said there is no disposal from substantial shareholders. 15th June was the next day after the slight run up and bullish retailers were super excited. If tomorrow run up again, expect EPF to dispose the same day or next day?

wow you scared Punpipi, targeted to be BOD member, when the rest exited......

Posted by DannyArcher > Jun 21, 2021 1:09 PM | Report Abuse

going to 10 cent

Sentiments all down when bursa down not 1 or 2 points, see which syndicates wants to goreng when Serbak down with negative news....?


Posted by retailbroker99 > Jun 21, 2021 1:04 PM | Report Abuse

Bursa down in general. Not a share problem

KLCI 16 pts down, holland........

wow bloodshed.......................

Setengah sen, beli tunggu theme play.............

wow, good software, where can I download?


Posted by wallstreetrookie > Jun 21, 2021 10:48 AM | Report Abuse

Data from my sentiment tracker and models using natural processing language finds that 78% of i3 and KLSE screener users are Very Bearish on Serba Dinamik (5279: KLSE) unlike Top Glove Corporation at 60% bearish during its capitulation phase.

You are talking about the past, post price collapse different approach and the counter need reevaluation. It has accounting and audit issues period.

Posted by Mabel > Jun 20, 2021 11:22 AM | Report Abuse

I’m sure you’ve seen companies whose share prices surged multiple times in a short span..

Then we tend to question ourselves, “Aiya, why didn’t I invest in this company last time?”

Sounds familiar?

There are companies whose share prices soar multiple times due to "goreng". But there are also fundamentally strong companies whose share prices soar through the roof because of stronger earnings and brighter future prospects.

As an investor, we should avoid the former and focus on the latter....

19 Consecutive Profits since 2016...Goreng?

Thank you Sharks for making Serba Dinamik soooo affordable for those that believe in this company...

Meow

Not for those who bought at high. This guy is the old Independent director should know how KPMG operate and have accessed through KPMG top partners network raised a lot of doubts and questions why issues not nip in the bud.


This is good news to me. Let them do the work for us..that's what they are paid for...

Hopefully they all can come to conclusion soon...

Got Ex KPMG partner in the BOD cannot resolve simple audit issues, Ohhhhhhh berat deh.....? Quite serious me think.

"bekas rakan kongsi KPMG Malaysia Hasman Yusri Yusoff, bekas pengarah urusan Nationwide Express Holdings Bhd. Rozilawati Basir dan akauntan Sharifah Irina Syed Syed Ahmad Razi "

Report from some source, the existing old Independent directors wish to resign but were told to stay on until resolution of audit issues. While not verifiable, must be some difficult or self inflicted problems to resolve that's why EY have to take longer time to search for answers.

Truly Jinx, it seemed like a cursed on ownership. Now translated to whoever buy its shares, LD.

Must be playing "Tai Chi" after providing doubtful and unverified documents.

Posted by OrlandoOilSemiconIoT > Jun 19, 2021 4:34 PM | Report Abuse
Sidestep here refers to tat UMNO era wit UMNO mentality rich shareholders attempt to sack KPMG

AlsvinChangan KPMG tanya lain

SD jawab lain

Dont sidestep auditors queries

19/06/2021 4:20 PM

Assets rich Plantation company NPCS audited by EY also got flagged for losses although report was unqualified by EY. Audit standards all the same within big 4 audit firms. At any time bankers and creditors demand/recall for advances/loans down goes NPCS.

""The ability of the group and of the company to continue as a going concern is dependent on the continuing financial support of their bankers and a major shareholder, the success in refinancing certain of their borrowings, and the foreign subsidiary's non-controlling interest to defer the payment of the amount owing until the disposal of certain plantations in Indonesia. Our opinion is not modified in respect of this matter," EY said in the filing."


https://www.theedgemarkets.com/article/npcs-auditor-flags-material-uncertainty-over-its-ability-continue-going-concern

Yes, DRP is a negative for counters having such a scheme. Generally DRP stops speculation and EPF only wants returns to members.


Posted by Yippy68 > Jun 19, 2021 1:21 PM | Report Abuse

not just MBSB, so many other counter share price fall badly after DRP new share issued. one of them Uoadev.

Steady Punpipi , keep on buying, hope you be appointed to the BOD, so as we can get clarity over the audit issues.

Serbak BOD lack professionalism in carrying out their duties.

"We have seen that when the board does not do this, the shareholders vote with their feet, and overnight, there is a collapse of share prices and a diminishing of market capitalisation. And that is value destruction for shareholders and stakeholders involved.

"It is very important that boards exercise this professionalism in responding to legitimate queries that have been raised by their auditors," she said during a press conference following ICDM's fourth annual general meeting today.


https://www.theedgemarkets.com/article/icdm-directors-must-not-sidestep-when-external-auditor-raises-red-flags

As predicted.

Jun 17, 2021 5:21 PM | Report Abuse

Tomorrow when market goes up again, chef karim supporters will be euphoric again and start verbal attacks on others who call for caution approach to Serbak.


Posted by Steady Punpipi > Jun 18, 2021 9:49 AM | Report Abuse

YoYo where are all those ungrateful dogs bark at now?

Some said "Serbak De Casino", place all your bets for tomorrow opening..........

alenac Huangbk72 you just hit the nail to the coffin. Simple jobs on issues raised.

Seemed like you are in panic, think clearly KPMG could not get satisfactory answers from the high powered BOD. So they are expressing their doubts. BOD did not mitigate KPMG queries.


Posted by Steady Punpipi > Jun 17, 2021 8:00 PM | Report Abuse

If KPMG can prove SD audit at fault...why no news , why no police report or get a legal proceeding against those involved asap? How about 1MDB audit all these years of no wrong doings ? KPMG already lost it's reputation due to 1MDB long time ago

In a nutshell, KPMG took issue with Serba Dinamik’s sales transactions worth RM2.32 billion, trade receivables (RM652 million) and material on-site balances (RM569 million). The transactions add up to RM3.54 billion.

KPMG was also uncomfortable with certain transactions involving trade payables, in which there were issues concerning addresses of suppliers, and where the amounts owed ranged from RM60 million to RM96 million — despite the companies having paid-up capitals of only RM100,000. These transactions were pegged at RM481 million by KPMG.

Also in the spotlight is a customer and supplier in Bahrain, whose office address cannot be located, and which has US$101 million (RM417.36 million) in sales transactions and US$24 million (RM99.17 million) in trade receivables with Serba Dinamik.

https://www.theedgemarkets.com/article/cover-story-serba-dinamik-eye-storm

TA Securities O&G analyst Kylie Chan Sze Zan, in a report after the accounting issues cropped up, wrote, “At this juncture, apprehension over Serba Dinamik’s corporate governance and financial integrity weigh on sentiment … We believe investors will not completely rule out the possibility of accounting and operational irregularities on Serba Dinamik’s part.”

https://www.theedgemarkets.com/article/cover-story-serba-dinamik-eye-s...

It will be bad news if jockey have to change. Share price will hit bottom.

Posted by Huangbk72 > Jun 17, 2021 6:10 PM | Report Abuse

I am personally eyeing this counter to invest. Waiting for EY to confirm KPMG findings.

This is a good horse, just a bad jockey.

Refer to Mabel being a Tom. I do not catcall. Truths hurt?

Posted by ggcomliao > Jun 17, 2021 5:22 PM | Report Abuse

@alenac seems like a plan to me, thanks for planning out the schedule for tomorrow, you seem like a Tom to me

Tomorrow when market goes up again, chef karim supporters will be euphoric again and start verbal attacks on others who call for caution approach to Serbak. If KLCI is down then maybe the Limit up supporters will stay in the back ground.

Guys here are just selling potential that tomorrow Serbak fishing boats will harvest plentiful of fish from the Spartly islands

Posted by DannyArcher > Jun 17, 2021 1:26 PM | Report Abuse

Nowadays, every software is called A.I. Just like the good old days, when everything comes with Nano tech, remember the good old 2000? nano this nano that.

I dont even think majority of the people know what A.I. is.

AI means the software has the ability to make decision on itself based on unforeseen events not programmed into it. Like self driving cars driving itself in all type of road condition. Pre-program a software to respond a certain predicted way is not A.I. Sophia the robot is pure BS.

If every software is AI, then all hardware got AI, from fridge to cars.

Look at Serba IT for O&G - https://serbaitsolutions.com/customized-solutions/
Then compare it to Huawei IT O&G - https://e.huawei.com/my/solutions/industries/oil-gas
and then Baker Hughes IT O&G - https://www.bakerhughes.com/

and I repeat, Serba got


No software to download
No software screen shot
No demo
No detailed description of their software and capabilities
No data sheet or usage
No 'Contact us for pricing / demo'
Lots of meaningless bullet points.

Takes more than clear hurdle but more of reassuring shareholders and would be investors about the fishy related parties invoices.

lassy The only thing missing from this ESG company is GOVERNANCE and once it clear it hurdle, SERIOUS INVESTORS will pile into it. EITHER ways it can go NOW but not much room to fall now because it still boast of some good assets.

Ya, he now see his vision shattered into pieces. All those hardwork gone when he and his BOD can't resolved simple audit issues.


Posted by B4b4 > Jun 17, 2021 12:53 PM | Report Abuse

Hi Steady Punpipi, thanks for sharing the utube video on SD. The boss has an excellent vision especially on the IT biz

More of who is going to sit on the BOD when they accumulated enough all the way down. Possible?

posted by CUTLOST > Jun 17, 2021 12:10 PM | Report Abuse

Whose going to be new Substantial for coming sinking ship soon. Next icon in the making.

Desperate company only come up with all business plan under the sky.

Posted by ATARAH > Jun 17, 2021 10:42 AM | Report Abuse

CEO Serbadk interview mention got e-wallet
Parking project ...ICT ..caught me by surprise
AI ...

Low volume meant people (including sharks) are getting less interested in the counter, price decline greater as there is less support unless the owner got plenty of fund to pump up the counter. Then just buy low and sell high to the owner. Tricky part is which price to buy?


Posted by Steady Punpipi > Jun 17, 2021 9:49 AM | Report Abuse

where EPF or KWAP or Directors selling ??? where ? where ?

low vol means good news ...price stabilization in progress

Ya, for long term investors and be part of your heritage to pass to your grand children. What rubbish!!!!


Posted by thor85 > Jun 17, 2021 8:50 AM | Report Abuse

Serba dinamik is not for gambler and short term trader expecting limit up asap.

What if the finding are bad and EY resigned because of lack of agreement with BOD?

Posted by kalofarmako > Jun 16, 2021 3:13 PM | Report Abuse

Once ey complete their findings, everything is solve then the price will gradually recover back to 1.6 and higher. We can see the price rebound a bit when ey was hired. What happen if they solve it. And what happen if kpmg eventually give its final findings that in favour of serba dinamik. Everything will go back on the right track. I see more positive prospect to buy.

what progress? Just new appointments since KPMG broke the audit issues?
No news of when commencing work by EY and what is the role of expanded BOD when the existing one of high powered members also cannot solved simple audit issues?

Posted by mamatede > Jun 16, 2021 3:01 PM | Report Abuse

Guess is Awang forced with more margin... I dont think big funds want to throw at a lose since Serba making good progress in solving this problem

Yes good question, euphoria over the recent run up. I think more of EY will have to gather evidence to convince KPMG to accept all the issues raise as it is going to be tough as audit procedures and evidences required are generally standardised.

Posted by joyvest > Jun 16, 2021 2:10 PM | Report Abuse


3.Why makes you think that EY would conclude differently ?