Economist/Mathematician by education, trained in finance, assurance and risk. Experience in Manufacturing, FMGC, Construction, Oil&Gas and IT with significant leadership involvement in Marketing/Projects, Operations, SCM, Logistics, HSSEQ, IT, HR, Finance, Risk and Assurance.
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2022-03-17 14:41 | Report Abuse
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InvestorKING,
Looks like you have competition.
https://www.theedgemarkets.com/article/director-four-listed-companies-23-who-azri-azerai
Despite being another hit piece to put question SD, what it shows is that apart from what InvestorKING is proposing, there seems to be a LONG LIST OF DEEP POCKETS investors waiting to BUY UP SD SHARES.
This person Azerai Junior (most likely proxy to his dad) waiting to buy as much shares as speed99 plans to do.
Big players waiting to take up when others throw.
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2022-03-14 12:06 | Report Abuse
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Wah you so good ar? Give price RM0.30 to RM0.35?
They really lucky to have you since, all of them want to throw their shares at RM0.00 or RM0.05 later.
You lot better take up InvestorKing offer.
Good Deal.
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2022-03-14 08:28 | Report Abuse
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Just make your offer to those desparate here. I am sure buying 100 million shares from klsei3 forum is easy to achieve.
Venue : Bursa Securities
Date : xx/xx/2022
Time 10.00am
1) Fill in share transfer form and sell to Investorking
2) Provide bank details
3) Transfer $ will be done in front of you.
InvestorKing price : 50 sen per share.
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Chleow and Danny, good lo If it sinked to that price, I will ALL IN and take margin ALL IN also.
Danny, u know 99 boss kah?? He is my good friend childhood friend, and he asked 99 already,he said will pump in more to invest, 35mil not an issue at all.
2022-03-11 19:09 | Report Abuse
Dear all,
New article out.
Kindly spread the article via the link.
https://klse.i3investor.com/web/blog/detail/Pearlwhite/2022-03-11-story-h1600188676-How_misinformation_about_Serba_Dinamik_was_perpetuated_A_case_study
Thanks
2022-02-28 15:37 | Report Abuse
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Please lah, don't say manipulating as tho. all is for investors like a tho they are the only stakeholder. Its all about running a biz 1st.
Why you so salivating to buy SD shares? Then contact shareholders and just do OTC Bursa transfer la if so desparate.
The auditors have continued to audit since last year end, and I am wondering why they haven't gone to SC to make report against SD. Unless, there is nothing to report?
Surely, there must be something.??? or no?????
InvestorKING Read the report la, the revenue for this quarter is only 177m? While for previous quarterssss all 1bil except last quarter 799mil. But last quarter 799Mil only have 42mil losses, now revenue is 177m, but losses is 290mil. Obviously,it's manipulation of accounting purposes la.
Anyway, the sales can be Brought forward later for next quarters.
Again, they also can avoid paying the prosperous taxes this year by giving losses.
2022-02-28 15:31 | Report Abuse
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TBH, SC has not even vetted thru all the docs they seized and went ahead to charge CEO Karim with nothing.
Now, cant even get it all organised on time for its own court case.
Very sloppy work.
Dont end up like Bursa Malaysia, getting bitten by ownself until SD suspended indefinately.
Furthermore, now they are scraping the barrel for more evidences by asking public to send in their own superb google satellite images and substandard investigate conclusions.
How desparate to concoct something when all along there was nothing against SD.
Tsk Tsk Tsk.
Next time, SC/Bursa/Media, don't involve in politics.
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2022-02-28 11:39 | Report Abuse
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Congrats! Happy daddy. Your son did you proud.
He reminds me of myself, aced all 3 years at with double degree in UK Univ, did chartered Actuary and ICAEW at the same time, work and study.
After few years, turn bad boy and shredded all the qualifications to do what I love.
yeap, I had adequate $$ only. So, advice is good to bring out the best in a person.
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hey yo !
busy settling my son into Monash at Melbourne/Clayton,
(wah lanciau eh ! so much thing to fill, register, call up, blood test, health test, pcr test, rapid test, biometric collection, security check - at airport even more forms to fill - jam 1 hour to airport, flight delay - you name it)
Luckily everything go smoothly once reach Melbourne airport - no, I no follow, he went alone.
starting year 2 in Electrical and Computer System Engineering
mastering in AI,
specializing in deep and machine learning.
He will be studying
- Electrical engineering,
- computer science,
- data science,
- programming (C/C++, Mathlab)
- coding (Tensorflow, Keras, etc.)
- advanced and super advanced math.
He aced his first year, last year with 4.0
and managed to secure an internship (youngest)
in deep and machine learning during year end break.
He just came back from rock climbing at Mt. Macedon
and today will jump start his 3rd year course.
(he almost completed his year 2 by himself during year 1 last year and has full filled his 3rd year internship requirement hours last year - meaning during 3rd and 4th year, he will be covering the master degree syllabus, so that after finish undergraduate, he could jump straight into phd)
My advise to him is to do what he loves, and the work will become a Joy.
I learn good important advise 20 years ago
- to give adequate money to children so that they can go study and become whatever they want
- and do not give too much money until they don't want to study or do anything at all.
Chow !
2022-02-18 10:11 | Report Abuse
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New article up.
https://klse.i3investor.com/blogs/Pearlwhite/2022-02-18-story-h1599170054-Serba_Dinamik_on_track_to_come_out_winning.jsp
Kindly forward the link to your relevant groups that you have to spread the information.
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2022-02-17 11:41 | Report Abuse
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Dear all,
I have updated the article (at the last para) to include the following:-
Furthermore, during the court hearing on 17th January 2022, Bursa's Datuk Loh Siew Cheang concurred with Serba Dinamik's counsel Mak Lin Kum that " that due to the suspension, Serba Dinamik is listed as a PN17 company".
In summary, the Malaysian capital markets regulators, in respect to Serba Dinamik, had
- permitted and continue to permit investor shareholding disclosure in-adequacies;
- failed to investigate and disclose proxy ownership in Serba Dinamik;
- caused Serba Dinamik to be listed as a PN17 company;
- at its decision to suspend Serba Dinamik being questioned by and lobbied by a particular media company and Minority Shareholder Watch Group (MSWG) CEO lobbying to revoke the suspension.
The link remains unchanged.
https://klse.i3investor.com/blogs/Pearlwhite/2022-02-16-story-h1598514744-Serba_Dinamik_Why_the_Factual_Findings_Updated_FFU_is_an_embarrassment_.jsp
Thanks
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2022-02-17 09:44 | Report Abuse
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Dear all,
New article up.
https://klse.i3investor.com/blogs/Pearlwhite/2022-02-16-story-h1598514744-Serba_Dinamik_Why_the_Factual_Findings_Updated_FFU_is_an_embarrassment_.jsp
Kindly forward the link to your relevant groups that you have to spread the information.
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2022-02-09 13:26 | Report Abuse
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New precedent set and have consequences to the Capital market regulators.
https://www.malaymail.com/news/malaysia/2022/02/08/high-court-allows-tnb-to-quash-rm1.8b-tax-claim/2040297
“The court went on further to rule that the IRB’s internal interpretation as contained in its Guidelines and Public Rulings are not binding on taxpayers,” said the counsel.
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2022-02-08 10:30 | Report Abuse
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As predicted, one particular media was the 1st to report and yet left out so many details.
Only interested in the disclosure of the FFU or whatever is it called nowadays and never mention the other "orders". Framing as usual.
Bursa set a precedent that anything disclosed can be inconclusive yet material, without ability to question the author nor the author giving an opinion since the author doesn't exist. All in the name of getting SD off the suspension.
Good news is that SD got what it wants and its only 4.5 months till the next financial year end and Bursa is still in the fiasco it created.
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2022-02-07 11:50 | Report Abuse
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And SC's case against the directors will start upon completion of SIR.
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2022-02-07 11:47 | Report Abuse
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SD has gotten what it wants and Bursa washes its hands from the fiasco it created. . But suspension will continue
2022-02-07 11:45 | Report Abuse
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Publish something without signoff, letterhead and opinion? Very unlikely.
Court will order, as sought by Bursa with 2 choices, either continue with EY consulting (which SD is against due to not being auditor), or start over again with internationally affiliated auditor.
SD will appoint Nexia to do it and since they are current auditors and this SIR is the info that will complete their opinion on AR 2021.
Depeche 1st verdict today will be Bursa 1 SD 0... compel SD to disclose FFU best way to move forward.
07/02/2022 10:04 AM
2022-02-07 10:39 | Report Abuse
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Dear all,
New article up.
https://klse.i3investor.com/blogs/Pearlwhite/2022-02-07-story-h1598341577-Serba_Dinamik_hidden_nominees_and_hidden_proxy_ies_concealed_themselves.jsp
Kindly forward the link to your relevant groups that you have to spread the information.
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2022-02-05 09:09 | Report Abuse
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While it is expected that the court will judge in favour of Bursa (based on MMLR), how would you publish the FFU or whatever it is called now, when there is no letterhead and sign off from EY?
Do you accept an AR without any auditors' letterhead, signature and more importantly opinion?
FYI, share trading is not about all about shorties and what not. You should get rid of this kinda thinking.
InvestorKING Court between (Bursa against SD) decision be made on 7 February 2022, it is believed that court decision will favour to Bursa, and will be announced on 8 February 2022. But the court decision (SD against Bursa) will be on 10 February. And it will be announced on 11 February. So, it is believed that 9 February can resume trading, then shorties will try their last resort to press the price further. That's the time good for collections
2022-01-31 16:55 | Report Abuse
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The hideen proxies and hidden nominees all didn't vote.
Well, doesn't matter, we know who they are.
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2022-01-20 08:42 | Report Abuse
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beneficial ownership offences are also very serious crime under AMLA
https://www.nst.com.my/opinion/letters/2021/03/670177/unmasking-beneficiaries-corporate-world
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2022-01-19 16:17 | Report Abuse
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Tonight, I will release the final part of the nominee articles.
I hope that this will bring closure to the shareholding saga and for whoever to move on.
Thanks
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2022-01-19 16:14 | Report Abuse
@InvestorKING, Has the RM30 million financing facility for KYY been finalised?
Looks like CEO Karim has RM80million, 99 Mr Lee has RM21 million, cold eyes sifu?? RM25million, KYY RM30million
Total RMRM156 million (=approx.440 million SD shares waiting to be sapued).
Not much, but every support is greatly appreciated.
InvestorKING Regarding SD, 99 Mr Lee has allocated another 21m cash for accumulating more SD shares, and our beloved cold eyes sifu also allocated 25m cash for investing this SD. Kyy also very high possible of buying, as current SD price is damn cheap.
Based on the nexia as external auditor, after auditing, the NTA is 0.80, but this is not inclusive of the overseas assets, as Nexia only able to audit within Malaysia area only, while the rest 0.24 is at oversea which needs time to verify further. That's why disclaimer of opinion leading SD to PN 17.
2022-01-15 09:45 | Report Abuse
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Sslee,
Your remark was noted. Lets give a few "working days" for the relevant parties to address the issue before the follow up will be published.
Thanks.
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2022-01-15 09:36 | Report Abuse
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Dear all,
New article up.
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2022-01-13 16:36 | Report Abuse
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Still the same information.
https://www.bursamarketplace.com/mkt/themarket/stock/SERB/ownership
Who here made a physical face to face visit to Bursa? Who here had the guts to confront Bursa?
At least a call to 03-2732 0067. Or nobody did anything?
Something so easy to do.
So concerned about the Special Independent Review for Serba Dinamik and but can't even do a SIR on the shareholdings with Bursa Malaysia on your own? Talk about fake office, fake address, fake invoices, truecaller, etc. etc.
What is the rhetoric about protecting investors from con persons?
How many of you got conned and fell hook line and sinker to the media?
https://www.google.com/maps/place/Bursa+Malaysia+-+Stock+Exchange+Cent...
Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
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2022-01-11 17:36 | Report Abuse
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Oh it's past 5.30pm. Is it not a good day to report the conclusion of today's hearing?
Did it go not as expected?
Maybe 10.00pm tonight then.
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2022-01-11 08:55 | Report Abuse
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Dear all,
We should write in to the relevant parties have the court case of Serba Dinamik aired live. It would be very useful for the investment community to see how issues are cross examined.
It would provide not only useful insights into the misinformation that were perpetuated, but also train the investment community to have critical thinking and questioning abilities to rationally dissect and analyse issues, prior to making a decision.
It would be a good way to stamp out "herd mentality".
What do you think? If you think its a good idea, please write in to Serba Dinamik and lawyer Safee, Bursa Malaysia and Securities Commission.
They will respond in due course.
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2022-01-11 08:46 | Report Abuse
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A Statement of Action from the Supporters of CEO Karim and Serba Dinamik Berhad.
We have been aware and would officially state that we will deny and prevent the hostile takeover of Serba Dinamik Berhad through guerilla tactics.
We the mutual and institutional funds and retail investors in support of CEO Karim and Serba Dinamik Berhad would ensure that the current Board and Management and great team at Serba Dinamik Berhad would continue in the foreseeable future.
We will maintain more than 2/3 of overall share support for CEO Karim and Serba Dinamik Berhad.
Thank you.
PS : Using the regulatory bodies to force Serba Dinamik Berhad into a checkmate position for takeover will also be denied by us.
2022-01-11 08:41 | Report Abuse
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Dear all,
Do not worry, the misinformation rhetoric will slowly unravel itself for the world to see.
The media audaciously advises Bursa Malaysia to have the trading suspension for many months.
1) End the standoff: Serba Dinamik should make EY review public to prove it has nothing to hide
https://www.theedgemarkets.com/article/end-standoff-serba-dinamik-should-make-ey-review-public-prove-it-has-nothing-hide
2) "No reason for Bursa to suspend Serba Dinamik as review findings are unofficial"
https://www.nst.com.my/business/2021/10/740452/no-reason-bursa-suspend-serba-dinamik-review-findings-are-unofficial
And now backtracks?
3) Serba Dinamik issues annual report but remains suspended pending release of special independent review findings
https://www.theedgemarkets.com/article/serba-dinamik-issues-annual-report-remains-suspended-pending-release-special-independent
They knew long ago what can be done and what cannot and yet they chose to do so otherwise.
Majority of the ignorant fall hook line in sinker. Let them be, We proceed as planned.
p.s. Please circulate the link to the Telegram/Whatsapp group and forums. Thanks.
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2022-01-11 08:31 | Report Abuse
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Dear all,
New article up.
The battle of the nominees in Serba Dinamik so long as there is no doubt as to the credibility of Bursa Malaysia
https://klse.i3investor.com/blogs/Pearlwhite/2022-01-10-story-h1596640852-The_battle_of_the_nominees_in_Serba_Dinamik_so_long_as_there_is_no_doub.jsp
p.s. Please circulate the link to the Telegram/Whatsapp group and forums. Thanks.
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2022-01-06 21:15 | Report Abuse
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Tomorrow will release my *hijacked by auditors* article, although a lot of it been mentioned before in previous articles. Will disclose all again.
Article writing couldn't be easier. Falls perfectly like a puzzle.
Will put in how Bursa/SC have to sort out the mess.
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2022-01-06 20:39 | Report Abuse
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Auditors really terbaikkkk. Put current circumstances on write offs, going concern, and blah blah blah on Bursa/SC. Even blame the deviation on current circumstance.
Oh well, more to come from Bursa/SC on how to solve their mess.
Worst, they cant even lift the suspension, auditors put the SIR a condition as to their opinion.
My next article on
Why trading halt of SD will continue into the foreseeable future without recourse.
already explain in Auditors' opinion.
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Interference with Serba Dinamik’s Annual Report 2020 disclosure
https://klse.i3investor.com/blogs/Pearlwhite/2021-12-29-story-h1596464772-The_peculiarities_of_Securities_Commission_s_SC_charge_sheet_against_Se.jsp
Serba Dinamik had consistently decided to uphold the compliances with the approved auditing and accounting standards by allowing the auditor to perform their duties without interference and time constraints.
With SC’s charge sheet, the Annual Report 2020 would be considered invalid, no matter the opinion of the auditors, with exception if the auditor’s opinion was that the financial statements were not true and fair.
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2022-01-06 20:02 | Report Abuse
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AR 2021 is out. The opinion put the ball in SC and Bursa's court.
Bursa and SC, as expected, will have to resolve the issue they created.
And the suspension continues as explained by the auditors' basis of opinion.
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2022-01-04 21:38 | Report Abuse
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Next article coming up
Why trading halt of SD will continue into the foreseeable future without recourse.
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2022-01-03 18:28 | Report Abuse
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Things to watch out for when AR2021 is out.
1) Rating agencies gave excuse last time downgrade SD because of no AR 2020. Now, soon to come out, let see what they say and *do*.
2) Banks froze RM3 billion banking facilities due to negative publicity. Now, soon to come out, let see what they say and *do*.
3) Let see if current auditors report to SC for accounting irregularities like KPMG. So far none yet. What does that mean?
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2022-01-03 18:21 | Report Abuse
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Today, there is a court hearing. Usually, theedge would report promptly.
Why is it today so slow? Didn't go as well as hoped for?
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2022-01-03 17:04 | Report Abuse
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Another personal opinion piece whilst leeching on MSWG's name.
So brazen to ask Bursa/SC to break 2 MMLR rules when they know it cannot be done.
Time to lift trading suspension?
https://www.nst.com.my/business/2022/01/759875/time-lift-trading-suspension
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2022-01-03 16:58 | Report Abuse
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I postulate the Auditors statement for SD would be as follows:
Qualified Opinion
We have audited the financial statements of Serba Dinamik Holdings Berhad, which comprise the statements of financial position as at 30 June 2021 of the Group and of the Company, and the statements of profit or loss and other comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the Company for the period then ended, and notes to the financial statements, including a summary of significant accounting policies, as set out on pages X to XXX.
In our opinion, except for the effects of the matters described in the Basis for QUalified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 30 June 2021, and of their financial performance and their cash flows for the period then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 In Malaysia.
Have a nice day!
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2022-01-03 16:52 | Report Abuse
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Dear all,
Since it is now disclosed, I can hereby state that SD had the intention to deliver the AR 2020 early December 2021. See previous posts.
They have had made the preparations during the the week 26th November 2021 to 3rd December 2021. They also prepared the AGM slides.
However, due to circumstances at that time, it was derailed.
It doesn't really matter, since the AR 2020 was completed end November 2021 and with the latest SC charges, no changes have been made save for the auditors report with a little tweak to their statement.
Thanks.
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Dec 7, 2021 10:10 AM
Dear all,
As promised, I hereby am giving notice of *possible* announcement of Serba Dinamik's Annual Report 2020/21.
Serba Dinamik started the announcement machinery last week.
However, SCIB will *most likely* not like follow Serba's footsteps.
Thanks
Dec 4, 2021 2:13 PM
Since its down to the wire for the release of the Annual Report 20/21, I will try (no guarantee) to give an advance notification of 1-3 days in advance of its disclosure by SD.
For example, if SD intends to release it on 20th December 2021, I will let you know on 17th - 19th December 2021.
Conversely, if SD cannot release it by 31st December 2021, I will let you know on 28th - 30th December 2021.
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2022-01-01 12:01 | Report Abuse
Dear all,
Here is the article. Due to the lenghty nature of this piece, (no choice as there were too many points and I have had to cut it down dramatically for manageable reading).
Securities Commission's (SC) uphill task to successfully charge Serba Dinamik (Part 2)
https://klse.i3investor.com/m/blog/Pearlwhite/2021-12-31-story-h1596494663-Securities_Commission_s_SC_uphill_task_to_successfully_charge_Serba_Din.jsp
Ps. Pls forward to the whatapp/telegram groups with the link rather than the entire article. Thanks.
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2021-12-31 20:22 | Report Abuse
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New article up. Enjoy.
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2021-12-31 18:58 | Report Abuse
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Let's wait patiently for SD's Audited Report (AR). I am also holding back the release of my next article although I don't forsee any changes to it. Btw, it's completed.
InvestorKING SCIB AR out, proven Real and Genuine by nessa auditor firm. Where are those naysayers that always say SCIB is doing fake sales too???
SCIB has many business sales linked with SD, so how do you all think?
2021-12-31 18:40 | Report Abuse
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Scib AR out. True and fair and continuing going concern notwithstanding qualification of the terminated contracts as a subsequent event. No FAFT
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2021-12-30 18:40 | Report Abuse
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https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3222861
Upcoming AGM announced with the following
The Board of Directors of Serba Dinamik Holdings Berhad ("SDHB" or the "Company") wishes to announce that the Company proposes to seek shareholders' approval at the forthcoming Annual General Meeting for the following proposals:
Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature;
Proposed Renewal of Shareholders’ Mandate for Share Buy Back by the Company;
Proposed Renewal of Authority to Issue and Allot Shares pursuant to Sections 75 and 76 of the Companies Act 2016; and
Proposed Alteration of the Constitution by Replacing with a New Constitution.
The Circular and Statement setting out the details of the above proposals will be dispatched to the shareholders of the Company in due course.
This announcement is dated 30 December 2021.
2021-12-30 18:39 | Report Abuse
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Dear all,
Due to the article "SC's uphill task to successfully charge Serba Dinamik" contains too many points to support and prove why SC would face uphill task, I will spend time to shorten it to be manageable for easy reading.
Part 2 will be released tomorrow.
Please be patient.
Thanks
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2021-12-30 09:41 | Report Abuse
Dear all,
Here is the latest write up.
Enjoy the read!
The peculiarities with Securities Commission’s (SC) charge sheet against Serba Dinamik (Part 1)
https://klse.i3investor.com/blogs/Pearlwhite/2021-12-29-story-h1596464772-The_peculiarities_of_Securities_Commission_s_SC_charge_sheet_against_Se.jsp
p.s. Please circulate to the Telegram/Whatsapp group and forums. Thanks.
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2021-12-29 21:23 | Report Abuse
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Part 1 of article is up.
Too bad I could not trademark the word "fictitious" since it was used in the article entitled "Serba Dinamik is ever so helpful, but the rest refuses to leave Malaysia to finalise the SIR"
Anyhow, all was explained previously abt the typed documents that were seized and to what extend will be FAFT.
Part 2 tomorrow .
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2021-12-29 18:35 | Report Abuse
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1st of 2 parts of new article will be up tonight. Stay tuned.
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InvestorKING To all real genuine but panic shareholders here,
Don't be conned by the drama created by all these actors.
Why only now those higher management and Karim being charged by SC?
You all should be alert that, in Malaysia criminal practice, deputy public prosecutor will only charge the suspects upon they gathered the strong evidence against the suspects.
**But, the normal procedures before they obtaining all this strong evidence, the SC needs to detain the suspects for at least 24 hours for further investigation and statements, and can apply for remand for another 48hours if needed. But there is no detainment, why? But SC only went to SD office on June 2021 then to "Rampas" all the so called strong papers as evidence? But only after 6 months then only start charging them? What a funny drama, this drama can only cheat all the ignorant investors, but couldn't be able to deceive the experienced smart investors like coldeye sifu and KYY.
And the funny part is deputy public prosecutor charged them first, then only asked karim to assist in investigation with investigating officer? If for those who have common Sense, also will know after full investigation first, then with strong evidence against the suspects then only will charge them for Criminal offense, but why SC still need the suspects to assist in investigation again while DPP already charged them?
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2022-03-17 14:44 | Report Abuse
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And yes, theedge, I am flattered that some of the words I used in my articles are imprinted in yours.
Thanks for reading.
https://www.theedgemarkets.com/article/director-four-listed-companies-23-who-azri-azerai
Btw, and Bursa too for using thestar as the alternate site to request SD to respond. I know it was a goodwill gesture on your part.
:)
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