Not to worry now,just wait for now.

Next week should be interesting

Posted by ǷearlꙌhite > Nov 26, 2021 11:04 AM | Report Abuse

.
Don't worry. That will change. Going forward, we may see MMLR and CSMA be made more robust.

As an example, (apart from Scomi, Genting etc),

Mavcom already media released that if AAX doesn't refund to passengers, then it will terminate its operating license.

Where is Bursa's concept of material facts when there is no formal disclosure from AAX to Mavcom's directive? Even at 5 sen, its still $$ to investors.


Jkoay no wonder our Index keep going South b'cos investors have no confidence in our market. Too much fraud and corruption. much

Hope not happen lorr

Posted by gemfinder > Nov 25, 2021 9:43 PM | Report Abuse

No anual report bo quarterly report nothing. Beter delist. Kakakakaka

Good result for today

Posted by choysun > Nov 25, 2021 6:51 PM | Report Abuse

Wow, not bad results. Better than I expected. Damn la, no more 4.80 :(

No. The election is coming. Lol

Posted by treatshijau > Nov 23, 2021 12:22 PM | Report Abuse

the assistance has come?
good if true
the will continue trading

Wow.

Can i get his number pleaseee

Posted by straightarrow > Nov 25, 2021 9:53 PM | Report Abuse

Yes he is the Deputy CEO of Bintai and only 22 years old

There is still time available

Posted by Sneakpeek > Nov 25, 2021 9:42 PM | Report Abuse

Of course they cannot finish the AR..instead of tackling the issue..they busy sue here and there..replacing directors..where got time.

Serba finds itself pushed to one corner as Bursa commences legal action
Author: savemalaysia Publish date: Wed, 24 Nov 2021, 12:21 PM

BURSA Malaysia Securities Bhd did not mince its words as it demonstrated a tough stance – a counter suit in a way – against Serba Dinamik Holdings Bhd to ensure that the latter reveal the content of what the company described as an inconclusive and preliminary findings of its special independent review (SIR).

Yesterday (Nov 23), the market regulator filed an originating summons in the Kuala Lumpur High Court against the global integrated oil & gas outfit under Sections 360(1)(c)(i) and/or (ii) (J) and/or (K) and/or (M), 360(1)(4) and 360(13)(b) of the Capital Markets and Services Act 2007 to order Serba Dinamik to make an immediate public announcement of the Factual Findings Update on the SIR as of Sept 30.

According to Bursa Securities, the court application arises from Serba Dinamik’s failure to comply with its directive dated Oct 22.

The directive required the company to disclose the material findings of the Factual Findings Update as of Sept 30 made by Ernst & Young Consulting Sdn Bhd (EY Consulting) who was appointed by Serba Dinamik to carry out an independent review to assess the veracity and accuracy of the matters highlighted by the company’s then external auditor KPMG PLT.

“The court application is brought, in discharge of the role and responsibilities of Bursa Securities in regulating the conduct and enforcing compliance with the continuing obligations of listed issuers pursuant to the Main Market Listing Requirements (MMLR),” the market regulator pointed out in a statement issued last night (Nov 23).

“This is necessary for the purpose of upholding and upkeeping the integrity of the capital market, inter-alia, maintaining a level-playing field, advancing the ‘blue sky’ principle and facilitating equal access to material information affecting a listed issuer.”

As it is entrusted with statutory duties to ensure an orderly and fair market in the securities that are traded through its facilities, Bursa Securities said it is paramount that it takes all appropriate action to secure compliance with its rules.

“Bursa Securities wishes to reiterate that a listed issuer must make immediate public disclosure of any material information under the MMLR and the Factual Findings Update is material information in accordance with the MMLR,” it further asserted.

“All investors must be well-informed of and given equal access to material information in order to be able to trade on equal footing.”

Recall that on Nov 8, Serba Dinamik filed an unprecedented legal suit in Corporate Malaysia against Bursa Securities with a similar action two days later against EY Consulting “to defend its rights, protect the company’s reputation as well as its shareholders’ interests”.

Serba Dinamik was last transacted at 35 sen at the close of the mid-day trading on Oct 22 prior to the trading suspension of its shares/warrants, hence giving the company a market capitalisation of RM1.31 bil. – Nov 24, 2021



https://focusmalaysia.my/serba-finds-itself-pushed-to-one-corner-as-bursa-commences-legal-action/

Share this
https://klse.i3investor.com/m/blog/savemalaysia/2021-11-24-story-h1594618815-

Surely not Harta!

Posted by JBond007 > Nov 24, 2021 12:17 PM | Report Abuse

Kopi kaw kaw. Which one better? Higher return next year?
Genting 4.93, Harta 5.09, CIMB 5.19

There will be big bucks flying around Sarawak soon

That's for sure

Can more interesting later.

Posted by Gerrardo > Nov 24, 2021 7:25 PM | Report Abuse

Wow. This is interesting

Posted by ǷearlꙌhite > Nov 24, 2021 10:11 AM | Report Abuse

.
Do you want to know what was replied to Bursa/EY's affidavits last week? Nov 18th?

“I will allow the plaintiff (Serba Dinamik) to respond to the affidavits following their request within one week of today (Nov 11). As to their request for an ad interim [injunction] and balancing in the interests of justice, this court orders that no ad interim order be granted," ruled Justice Datuk Ahmad Fairuz Zainol Abidin.

https://www.theedgemarkets.com/article/court-dismisses-serba-dinamiks-...

The answer is here,

https://focusmalaysia.my/too-premature-to-release-serbas-still-work-in...


The key takeaway is of course, with latest OS from Bursa, I am very sure new presentations and findings documents will surface with correct terminologies, disclaimers and authors.

The counter is still under suspension.

Just need to wait now

Cannot inject anything now bro

Posted by treatshijau > Nov 23, 2021 12:41 PM | Report Abuse

need more than just injection of cash
many factors to consider
then only will heal

Some of us expecting some news by this month end.

Any news as long from SD or either Bursa

It is up to Bursa and SD now. We just need to wait

Posted by fms016 > Nov 22, 2021 9:02 PM | Report Abuse

still not in trading?? not fair to investor..

Just dropping by to see comments in here.

No movement yet

Nice. Today the price is good.

So bad to EPF, leaving this counter too soon

For me, it is good to have them both here too.

If not, we just seeing more negative comments in here.

Should put some balance

There are really positive persons. Nice

Posted by OpporturnityHunter > Nov 22, 2021 1:37 PM | Report Abuse

This Pearl white and Mabel one same type, put so many positive movement of the company for what ? they don't even know what is the first priority of the company now. so funny, hehehe, both can kahwin and jadi suami isteri

I believe that Bursa will do that. And SD also need to cooperate

Posted by wolfbroker > Nov 19, 2021 6:31 PM | Report Abuse

Bursa need to allow the company to serve the final AR.


Unless the company is fail to do so, and still no further action to seeve it, then Bursa can take action

Too many downfall this week actually

Posted by shybutter > Nov 19, 2021 5:49 PM | Report Abuse

Still facing another downtrend today

Scib still not delisted.

And also SD. Just suspension due to the audit report which in progress

Posted by Citadel9999 > Nov 18, 2021 3:43 PM | Report Abuse

Malaysian retailers love suspended and delisted stock, sumatec perisai scib comcorp serba csl

Sometimes it can be so unlucky even for those who are also experts.

The risks still there.

Posted by i3lurker > Nov 19, 2021 4:41 PM | Report Abuse

thats how you compare and contrast the skill level of both 3iii and Philip.

having and making a lot of money in Bursa can be just pure dumb luck that is entirely not repeatable.
A few rounds of this "Unrated Skill" and the Dumb Lucker is already a bankrupt again, AGAIN?







Sslee But unfortunately our good friend Philip bought more and only take a big hit very late.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Nov 19, 2021 4:11 PM | Report Abuse
Lesson from this saga:
Sell immediately when accounting irregularity was first revealed by the initial auditor. Sell first, think later.

Philip ( buy what you understand) Taking a big hit on serba dinamik shares and sold fully to reduce further exposure long term. I think their inability to improve cash flow via borrowings and the red flag of 10% receivables uncollected more than 3 months is going to be the back breaker for me. Short term debt and inability to collect money are worrying signs indeed.
30/09/2021 12:07 PM
19/11/2021 4:32 PM

Just ignore them.

Posted by risingstar21 > Nov 18, 2021 7:23 PM | Report Abuse

Aiyoo.. Why must play racist issue in here?



Posted by InterFund® > Nov 18, 2021 6:54 PM | Report Abuse

Shop lot cinapek company...................

Just chill even it is red. The time will soon come.

Genting will surely green again after this

[AIRASIA] Rights Issue on 18-Nov-2021
Stock [AIRASIA]: AIRASIA GROUP BHD
Announcement Date 18-Nov-2021
Financial Year
Subject Rights Issue
Type RightIssue
Description RENOUNCEABLE RIGHTS ISSUE OF RM974,513,219.25 IN NOMINAL VALUE OF 7-YEAR REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RCUIDS") AT NOMINAL VALUE OF RM0.75 EACH BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT) ON THE BASIS OF 2 RCUIDS WITH 1 FREE DETACHABLE WARRANT FOR EVERY 6 ORDINARY SHARES IN AIRASIA GROUP BERHAD ("AAGB") HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 2 DECEMBER 2021 ("RIGHTS ISSUE")
Amount 2.0000 : 6.0000
Ex Date 01-Dec-2021
Entitlement Date 02-Dec-2021

Hopefully it will really come out on time

Posted by SHQuah > Nov 18, 2021 7:36 PM | Report Abuse

Another 2 weeks. Cannot wait for quarterly and Annual report.

Is there any statements or news on this?

Posted by leno > Nov 17, 2021 4:11 PM | Report Abuse

u go bursa and ask bursa to ask sebak to announce whether they did submit for another postponement or not.

Public Bank and SD are good buddies.

We can see almost all analysis by Public Bank supported SD

Posted by Beautyseeker > Nov 17, 2021 4:07 PM | Report Abuse

Eager to see next analysis by Public Bank on SD.

Should hold again?

Maybe when all goes red, only the gloves goes green.

Haha

But for gloves, they are having green day today

Posted by robin5813 > Nov 17, 2021 4:55 PM | Report Abuse

Around 700 stock red today

Very agree on that.

Just let them with their bangsat words. Haha

Posted by Honesty > Nov 16, 2021 10:05 PM | Report Abuse

Why bother about the nay sayers ??
Very high possibility that they are just paid monkeys from the shop lot loser!! So it is their job to come to the forum and trash talk~~

Tomorrow i will queue at 4.80

Will it hit that? Let see

For sure not this week

Posted by muhfiq > Nov 16, 2021 11:11 AM | Report Abuse

Prediction for this week?

Will suspension be lifted?

Some of the words come out here, seems like from very unmature people.

It is more boring when seeing many negative comments in here.

Too many negative vibes

Nice. That is so true

Posted by Honesty > Nov 15, 2021 9:18 PM | Report Abuse

Anyone can play nice and be good when the situation is good BUT not everyone can replicate that when the situation is bad.

Not so sure about this

Posted by Trader258 > Nov 15, 2021 5:12 PM | Report Abuse

The conman, Karam... will definitely sink with his counter(s)..

Closing red today.

Tomorrow will start green, i believe

Really true.

I am one of the customers

Posted by Sslee > Nov 15, 2021 10:10 PM | Report Abuse

This is actually what the customers felt when they try to claim for refund was not entertained by AA.

We won’t forget those who helped and we won’t forget those who were just plain mean. We can’t believe company who made so much money from us then when we struggle with something as extreme as Covid and then treat us so badly. We were disgusted by the way we were treated in such a manner when claiming what is owed to us.

Another negative comments.

Only talk about delisting. What a crap

Posted by newtrader1989 > Nov 12, 2021 7:37 PM | Report Abuse

SD issue will only settle with delisting

We should support our local industry first

Posted by Riaz1954 > Nov 11, 2021 7:42 PM | Report Abuse

Malaysia to open international borders by 1 Jan! Why not open early December as most people from west take holidays in December ! Open early Jan means loose ground to other countries like Thailand! Need to think properly and not wait and see …have some foresight for gods sake!

I actually think Karim can handle that cash flow.

But now, the main thing to be solve is that AR and SIR

Actually do they really have that issue?

Posted by Zackmeiser > Nov 12, 2021 8:24 PM | Report Abuse

Cash flow is the main issue now.

Pop pop

Not simply suka-suka

osted by bobochacha > Nov 11, 2021 10:45 AM | Report Abuse

can suka suka terminate contract one meh??

Will skyrocket soon

Posted by emsvsi > Nov 10, 2021 10:18 PM | Report Abuse

INDEED WAITING FOR Q3 BUY-ON-RESULTS AND SKYROCKET WHEN THE WORSE IS OVER

Posted by shareinvestor88 > Nov 10, 2021 4:35 PM | Report Abuse
YES WAITING FOR Q3 RESULTS

Any respon by Bursa on this issue?

Maybe you will get soon. Hee

Posted by InterFund® > Nov 11, 2021 5:31 PM | Report Abuse

Karim should send LOD to me already........................

Maybe Nexia will take this SD task as a challenge for its portfolio

Posted by Stockisnotfun > Nov 10, 2021 7:00 PM | Report Abuse

Nexia will resign or not. Not sure. Depends their audit result. Good no sue. No good sue until u kao kao and automatically resign.

At this case, kpmg and serbadk both forcefully resign due to conflict self interest. No need whatever EGM la. They don't care what shareholders think. They help u replace the auditor themselves.

Just now who say drag longer is better. Ya is definitely better because they can try on many auditor.

Just stay calm.

Genting will go up

No need to angry-angry


Stocksafeplayer
8333 posts
Posted by Stocksafeplayer > Nov 9, 2021 12:32 PM | Report Abuse

Hi @jasonred, there’s a quite useful Malay wise saying… “Marahkan nyamuk, bakar kelambu sendiri