Can belanja us some drinks too Mabel?

Posted by Mabel > Jun 29, 2021 9:56 AM | Report Abuse

How nice and lovely.

Well done to all the Group C Players. Congratulation to those that has collected yesterday.

Meanwhile Mabel has already locked her profits. Serba has climbed more than 20% from yesterday's closing.

Meow Meow Meow

You always involve others family in your sarcastic postings.

Typical minded. Sigh

Posted by siaokar > Jun 29, 2021 9:42 AM | Report Abuse

to those who persuades other ppl to buy, u should buy first.
set a good example, invite ur family members to buy too to prove that this shit is worth it.

Maybe. If there is any potential investor, it might also help Serba to revive.

Posted by armadatuah2017 > Jun 29, 2021 9:40 AM | Report Abuse

But there must be some funds buying…new investors will appear after audit…let’s see who

Wah, start with green today.

Anybody buy this stock yesterday? Easy profit

They should push the appointment of EY immediately.

Should be best by this week

Posted by alenac > Jun 28, 2021 4:27 PM | Report Abuse

Serbak won't act fast anything done fast will be for benefit of owners. Eg appointment of independent reviewers since before LDs until now not settled while share price have collapsed

I dont know how long is the procedure or process of appointment needed, but i do personally think Serba has do it immediately

Https://www.nst.com.my/business/2021/06/702915/serba-dinamik-finalise-ey-appointment-independent-reviewer-one-two-weeks#.YNk1WEsMvq8.whatsapp

Agree on this.

All counters are red

Posted by rr88 > Jun 28, 2021 12:12 PM | Report Abuse

Blind ka? THIS MARKET CANNOT GO DOWN ANYMORE. Not only serba, but across the board.

Is there any new news from SD, SC or KPMG today?

Just wake up from Euro game. Hehe

Rr88 always confident.

So positive vibes

Posted by rr88 > Jun 28, 2021 11:49 AM | Report Abuse

Hold on. Dont worry.

I am so confident that i already started counting my chickens b4 they hatch:

Cost of investment 10,000 lots @ 0.34 = $340,000

Sell @ 0.53 = $530,000

Chickens = $530,000 - $340,000 = $190,000 less brokerage

Auditors should communicate professional scepticism to clients before premature reporting to regulators — Serba Dinamik

KUALA LUMPUR (June 25): Serba Dinamik Holdings Bhd, whose share price dropped to a fresh record low of 46.5 sen this morning, issued a statement late last night to reiterate again its stance that its former external auditor KPMG PLT had in fact committed a breach of contract, and that the latter should have communicated its professional scepticism to the client instead of prematurely reporting it to the regulators.

In a response to media releases issued by the Securities Commission Malaysia (SC) and Bursa Malaysia, the oil and gas (O&G) firm also restated its stand that KPMG had raised red flags on the group's auditing issues in an inappropriate manner.

Serba Dinamik was referring to KPMG's decision to go to the SC last month with its audit red flags in the company’s books for the 12-month period ended Dec 31, 2020.

Following that, the SC announced in the first week of June that it had started investigations into the matter in regard to the dispute between Serba Dinamik and KPMG over the handling of the audit issues, and that it had secured documents and records from Serba Dinamik to assist its investigations.

"We thank profusely both institutions (the SC and Bursa) for alerting us of the laws in relation to auditors’ obligations in reporting to the SC.

“We, however, wish to point out that auditors in performing that duty have the highest onus to exercise that professional opinion, that there has in fact been a breach or non-performance of the identified laws, not a mere reasonable belief on their part that that was so.

"We also accept the advice by the two esteemed institutions, with gratitude, that auditors can exercise some elements of professional scepticism during their audit, but this mere scepticism must be communicated to their clients for resolution of the matters, and mere scepticism is not sufficient for auditors to prematurely report to the detriment of the companies and the market," Serba Dinamik said in a press statement yesterday.

The statement was released after the announcement that KPMG had quit as Serba Dinamik’s external auditor, citing the reason as it could not discharge its duty independently.

In the statement, Serba Dinamik also highlighted that it had never claimed that its newly appointed chairman Datuk Mohamed Ilyas Pakeer Mohamed had “officially communicated with either institutions”, namely Bursa and the SC.

"We thank the institutions for not delving into the facts of this case, whose facts are still at large," it added.

To recap, Mohamed Ilyas during a press conference on Tuesday claimed that he had previously spoken to the SC and Bursa about KPMG's alleged breach of contract and non-performance.

Both the SC and Bursa later denied such a meeting with Mohamed Ilyas.

The commission pointed out that auditors should be allowed to carry out their responsibilities and render their independent opinion without fear or favour, and discharge their duty free from any retaliation, after Serba Dimanik filed a lawsuit against KPMG.

The audit issues, which were revealed to the public late last month, have wiped off more than RM4 billion market capitalisation from Serba Dinamik. Its share price has plunged from RM1.61 prior to the news to below 50 sen currently.

KPMG highlighted discrepancies involving transactions to the tune of RM4.54 billion to the company's independent directors last month.

Institutional shareholders, such as the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP), have cut their stakes in the company.

At the time of writing today, shares in Serba Dinamik were six sen or 11.2% lower at 47.5 sen with a market capitalisation of RM1.77 billion.

https://www.theedgemarkets.com/node/573863

Points highlighted by SD on KPMG.

https://www.theedgemarkets.com/node/573863

Agree. That is the best thing SD should do now

Posted by fortunefire > Jun 25, 2021 12:08 PM | Report Abuse

the only thing they can do is to quickly get EY finish their job.

May the forcec be with you - EY


EmperorFund
833 posts
Posted by EmperorFund > Jun 25, 2021 9:56 AM | Report Abuse

My sources said EY had been greenlighted too...Pending announcement...

Buy at low, sell at high.

Basic fundamental

Got new announcement today?

From SD or KPMG?

Posted by iHunter > Jun 25, 2021 7:59 AM | Report Abuse

Just wait for today's announcement

:)

Good morning!

Good points for this early Friday morning.

Posted by iHunter > Jun 25, 2021 7:59 AM | Report Abuse

Since thinking is a process of asking yourself question, ask the following question:

1 - Have your read https://drive.google.com/file/d/1n5-VYPdzBcsFyGDDyZJ0QxYhwQCOURMQ/view the audit finding.

2 - KPMG Auditors are human. They have a deadline that they must comply. It happened to be many countries were lockdown this year and last year and the audit was during that year. Some of the audit investigation were conducted by their friends at the other country since they unable to enter to that country. (SerbaDK can use this as major technical evidence to sue KPMG to win the case easily if KPMG unable to prove that they were there as claimed in their report). So, don't you think miss communication can happen during the process?

3 - Set aside prejudice to KPMG and SerbaDK. Look at the response by SerbaDK to KPMG and it appears the response were legitimate which KPMG should have ability to investigate further and make better conclusion. Unfortunately, they unable to do so because they have flagged SC based on premature investigation and fail to anticipate consequences of doing that and it will tarnish their reputation and exposed to another legal implication if they agree to do further investigation while they have made report to SC. If you are the Auditor and you have caused almost 5 billions gone, will you dare to take back your premature report when you know you will be sued for the negligence?

4 - Do you think EY will agree to be the Auditor if they are not confident that the KPMG report could be "in-complete investigation"

5 - Do you think SerbaDK dare to go to the court if they are cheating? Believe me, you need to talk with evidence in court and they will have ability to show all the contracts with evidence.

So, you make your own conclusion...

Agree. Everybody want to know the true. If there are wrong doer, just get him punished. But if there are some error/negligence in the process, rectify it.

Posted by jeffchan1901 > Jun 24, 2021 12:48 PM | Report Abuse

in a way I hope justice is served if wrong doing is detected. I lost a lot of money in Sumatec and money lost and balance cannot get back a sen since company in PN17 more than 3 years ago. that one hanky panky case. dunno why so many of these oil and gas companies involve in mickey mouse

Did they already come out with the findings?

Hear that they are yet to start


i3lurker
7321 posts
Posted by i3lurker > Jun 24, 2021 12:18 PM | Report Abuse

let me tell you that EY audit programme is EXACTLY the same as KPMG

and since EY is deemed as Legally Put On Notice upon appointment, the audit program is even more stricter than normal statutory audits without controversy.

Will not surprise me if EY decides to audit 100% all transactions.

Then, it will be interesting to know the EY findings

Posted by EmperorFund > Jun 24, 2021 12:10 PM | Report Abuse

My sources told me that there is some green light in the appointment of EY

Please share to us Herbert

The point is all started by KPMG. And now, KPMG should make a statement of their so called excellent auditing process.

I still cant forget about the truecaller practice by this big4. Pathetic procedure

KPMG yet to settle on 1MDB, now making a new mess already

Yup. Agree

Posted by lapidmalik90 > Jun 24, 2021 9:38 AM | Report Abuse

In 2015, KPMG went all out clearing 1MDB. That was insane. Malaysian people lost close to 2 billion. Now Malaysians defending KPMG like they are some saint. Seriously???

From big4, become to big asshole. Down KPMG.

https://m.malaysiakini.com/news/574407

They only see the current issue. They ignore the potentials.

Just let them happy with their own thoughts then.

Posted by hello > Jun 24, 2021 2:45 AM | Report Abuse

Serbadk IPO price = Rm1.50, now at Rm0.595, If you still can't see this as an opportunity to buy, I wonder how you could survive or make money in the share market!?!?....hehehe.

Unique way in using truecaller?

Hehe he

Posted by dimmubroker > Jun 23, 2021 6:47 PM | Report Abuse

KPMG is so famous in their 'unique' way.

Posted by B4b4 > Jun 23, 2021 6:03 PM | Report Abuse

https://www.reuters.com/world/uk/kpmg-faces-call-record-fine-british-a...

KPMG ada cerita di UK

Yesterday also it was getting lower than 0.60 and yet it bounced back.

We'll see what happen today

Is this from their analyst?

Posted by roger3210 > Jun 23, 2021 10:56 AM | Report Abuse

PUBLIC BANK
Stock : SERBADK Price Target : 1.39

Sure they are confident?

Any respond from KPMG?

Posted by SWT1988 > Jun 23, 2021 9:19 AM | Report Abuse

Court case but KPMG look like confident with their finding. Will be disaster if fall below 0.60 again. Good luck

1MDB case already a big mess involving KPMG.

Abuse

Oh yeah?

And KPMG Law said jz sign d IMDB audit report!!



Stocksafeplayer Lazy and dumbos go google la…. Kpmg is what?
Kpmg has own legal division called Kpmg Law.

Don’t worry for KPMG la…. Better worry for our ownselves

Morning!!
Its gonna be interesting looking at this counter today

The edge also uturn like PN government arr?

Posted by izoklse > Jun 22, 2021 9:59 PM | Report Abuse

Hahaha finally the edge afraid kena saman for their own interpretation of today news. They released the actual script. hahahahah. Baru ada akal.

https://www.theedgemarkets.com/article/what-serba-dinamik-says-its-aud...

Maybe KPMG is using premium version of Truecaller

Hahaha. Damn it. This is so funny

Yah. Agree with you.

How come Big4 can only trust their findings using truecaller.

Hahaha

Posted by ggcomliao > Jun 22, 2021 9:44 PM | Report Abuse

kaki putar kpmg gunaa truecaller tom dick n harry even can use

Just read this one. KPMG use 'Truecaller' to identify?

Hahaha. This one is funny.

https://dagangnews.com/4-sebab-serba-dinamik-mendakwa-kpmg-cuai-6759

Does anyone got any news link related to SD's PC today?

Share please

It seems like SD really confident on this.

Let us just see the outcomes later.

Bounced up to 0.635 already.

Interesting

Everyone want profit. Haha

Posted by ABSBOSS > Jun 22, 2021 12:35 PM | Report Abuse

Wah..now all talk profit hah...yesterday all condemn kaw kaw...malaysian style making money condemn..condemn..condemn like PH aslo...huhuhuhuhu

What an instinct.. Haha

Posted by ggcomliao > Jun 22, 2021 11:16 AM | Report Abuse

EPF DUMPING!! Source: Bapak Ko Instinct HAHHA

Panic day. Haha

Posted by pete tf > Jun 22, 2021 10:41 AM | Report Abuse

Panic sell, panic buy.

Steady paktua

I hope so

Posted by Cheryl90 > Jun 22, 2021 7:58 AM | Report Abuse

Today is good day to take profit

Let see what will happen today

Get ready for today

I will choose bursa

Posted by DickyMe > Jun 21, 2021 6:05 PM | Report Abuse

Who will you believe, KLscreener or Bursa?

Good Mabel.

You are still in confidents mode

Posted by Mabel > Jun 21, 2021 4:56 PM | Report Abuse

Why you always few steps behind?

Meow

Then SD should tell more on this in order to gain back the trusts

Posted by goldenluck16 > Jun 21, 2021 2:02 PM | Report Abuse

SD themselves said they accepted a contract from U.S. based company Block 7 L.L.C.

We see if they can rebound back from 0.60

True. Problems everywhere now

Posted by rr88 > Jun 21, 2021 10:25 AM | Report Abuse

The dow pancit. Europe pancit. Regional pancit. Index pancit 18 pts. What do you expect.

CHEAPER EVERYDAY