the replies given by SerbaDK now is very vague. They are trying to pin the blame on the auditors of not doing an efficient job. This is not a 3rd tier auditing firm.

I still want to listen to KMPG's side of story regarding the audit process.

@noah i also don't think the auditors extracted the wrong address. They are professionals.

i think tech stock will be the biggest beneficiaries, especially those involve in WFH.

Posted by pjseow > May 28, 2021 10:42 PM | Report Abuse

Get yourself vaccinated.ASAP. I will.get my.AZ vaccines next 2 weeks. The efficacy.is about 90 %. Sinovac also ok even though.efficacy is 50 to 60 %. Even if you get infected after vaccination, it will either be no symtoms, mild symtoms like fever or cough but you wont get serious symtoms like cannot breath or need to go into.ICU. Vaccinated is better than.no vaccination.
*********************************************************

that's the best comment i have seen from you @pjseow.

Everybody think they are immune after getting vaccines, and in reality it is not. Only measles is immune after getting vaccines.

because if SerbaDK cannot come out with the verifications, KPMG can sign a qualified opinion report.

@JSoang Ooi i agree with your view now until we get to see KPMG's story..

i am more amazed when people saying total lockdown = more glove sales. What is the rationale behind this? more condom sales i believe..

all Malaysians are immune to MCO already. Tell me which was the last time you are not in MCO since mid March last year..?

I agree will be better price than pre-covid, but the current price is also overvalued. btw, Euro 2021 football starting next few weeks.. let's see whether you get what I mean..

Prepare your bullets for banking stocks if they tank. Thats the best investment you could have in stockmarket.

I don't see anybody wearing gloves wor, not even the 1st mco until now, minus those dishwashers..

Did you wear?

30 points.. hmm... I think possible..

everybody is talking about vacation in Europe next month. Euro 2021 football also start next 2 weeks. Only MY is still talking about lock here lock there..

@thestockhunter computers? mobile phones? Everybody work from home ma..

KPMG did a brilliant job here flagging irregularities..

Proposal to remove auditors. If it is passed through, it will be a slap to the transparency.

i am refering to the external auditors KPMG. Thats the the last line of defence. I never pay attention to a company's internal auditors as they are salaried employee of the organisation.

if the Serbadk auditors resign, it will be more worse. So currently better wait for Serbadk issue settle first. It is now the issue of perception and transparency. The uncertainty which is like a sword of Damocles hanging over the organisation's head puts that at risk.

results is within expectations. Ruberex is safe for now..

The reported profit had included an exceptional gain of RM5.9 million from the dissolution and de-registration of Rubberex (Hong Kong) Limited, a wholly-owned subsidiary of the Company, from the Companies Registry of Hong Kong in February 2021. Disregarding the gain of RM5.9 million above, operational net profit from the sale of gloves amounted to RM80.7 million, an increase by RM21.3 million or 35.9%
quarter-to-quarter.

It is a zero sum game because nobody is supporting such counters. Totally no o margin of safety. It is the gamblers who are playing among themselves. The key is who get to jack up the price and run first.

purely pump and dump counter. Nothing more than that..

@MoneyMakers yes. good observation..

it is still quite a big loss. EPS -21.6 sen

the edge reporter must be dreaming..

if Singapore is using it widely, i don't see any reasons why Malaysia is holding it up..

It’s never been a good idea to bet against the Chinese people.

Looking at how they built a hospital in days, you know that they will be controlling the world glove volume very soon..

If the news of MrDiy taking Supermax's place in KLCI soon is true, then Supermax will be the shortest lifespan counter in KLCI history.

ESOS is okay la. It is to reward own employees. It is not a big dilution. The bad one is rights issue.

don't you guys realize that someone will become the greater fools and pay an exorbitant price for this garbage? Definite not the investors or fund managers.

so what? Did Pohkong mine the gold?

I really like those people who took the time and effort to read the quarterly report. This is very good as it can minimize your mistakes.

I am eyeing this counter now as its valuations look very, very attractive..

Israel is more terrific.

The country reported just 12 new virus cases on Saturday, down from a daily peak of more than 10,000 in January.


https://www.straitstimes.com/world/middle-east/israel-to-end-covid-19-restrictions-after-vaccine-success

Now you know why i always say high commodity prices might not translate into profit for downstream players. The only guarantee is you extract the commodity and become the wholesaler yourself.

Breathonix - the real-time results is the game changer here.

I have Inari and Vstecs. Both also posted very good quarterly results recently. Value investing really work. No need to go gamble on those loss making penny stock counters as they are zero sum games. There is reasons why they are cheap. Always protect your capital by holding onto good companies. Putting inside FD will not going to beat the inflation.

For 1Q2021, VSTECS registered revenue of RM669.0 million which was 79.5% above
revenue of RM372.7 million achieved in the corresponding period of the preceding year
(“1Q2020”). Profit after tax increased by 87.6% to RM12.7 million as compared to 1Q2020.
All segments recorded higher revenue during the quarter. The ICT Distribution segment
saw a 134.5% increase in revenue to RM423.1 million driven by the new normal of working
from home and new handphone model launches. The Enterprise Systems segment posted
revenue of RM227.6 million, an increase of 29.9% while the Group’s ICT Services segment
grew by 7.7% to RM18.3 million.

Chief Executive Officer of VSTECS, Mr. Soong Jan Hsung said: “The first quarter of the year is typically a less vibrant period for ICT spending, but our performance this year bucked the trend as digital spending continues to accelerate amid lockdowns. With the current shift towards working and learning from home coupled with the extended personal income tax relief of RM2,500 on computer products until the end of 2021, market demand for mobile phone, tablet and notebook PC is expected to remain robust in 2021.

all these years, there is still no light to be seen in this tunnel. Stay safe..

so pls dont fool innocent newbies into buying this overpriced and expensive counter anymore.

If you see the "X" sign beside the stock name, means it already adjusted post dividend.

today is ex date. So you won't get any dividend if buy today.

uncle KYY was lucky to have dodged this bullet..

once a prominent glove supporter, eventually also take vaccine in the end..

5G adpotion rate is still very new here. You and I might still not owing one 5G device yet. Bright days ahead for Inari as a Apple supplier and Vstecs as Apple main distributor in Malaysia.

I already said all vaccines work against all variants. As long as the spike protein of the virus doesn't completely change, then this pandemic is controllable..

so who are the greater fools here?

Why some people buying at 0.286sen and others buying at so 60sen?

this price very tempting..

the cash is classified as asset. It has nothing to do with profit/loss from operations. I am 101% sure you don't know simple accounting.

normal investor cannot buy large amount of PBank. All are fund managers. That's the safest counter they can hold, together with Nestle.