Said yesterday and now proved right

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
Jun 24, 2021 5:21 PM | Report Abuse

Either KPMG is removed or resigns, will bring bad effect over share price, expect another round of fall

Said yesterday and now proved right

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
Jun 24, 2021 5:21 PM | Report Abuse

Either KPMG is removed or resigns, will bring bad effect over share price, expect another round of fall

I can’t remember who said KPMG was sued many times before, but the news title tells different fact, who’s right?

Do you understand what is “UNPRECEDENTED”, by the way?

“Serba stands firm with its unprecedented legal suit against external auditor”
https://focusmalaysia.my/serba-stands-firm-with-its-unprecedented-legal-suit-against-external-auditor/

Look like a lot people here do not know much about how important is the role of auditors to investing institutions.

If you have any friend working with investment firms or institutions, go ask where they put their money? Company or auditors?

I can tell you, 100% to auditors.

Once you have put perspective right, then look at what the management did since things were burst out, you will know how UNPROFESSIONAL is the management in dealing this crisis.

Probably they can’t produce concrete facts or evidences, all what i see now is the management trying to turn here & there to diverting the focus

1-2% ok lah, can blame overallbad market sentiment, but 10% is definitely not.

josephn Today drop is because klse sentiment, cannot blame SD itself, all counter also drop heavily
24/06/2021 5:36 PM

Either KPMG is removed or resigns, will bring bad effect over share price, expect another round of fall

Guess one if the term must include as below:

the management undertake to give full authorization to auditors to freely express their opinions in accordance with applicable auditing standards in Malaysia & International. The management undertake to fully compensate the auditors for all costs & damages including legal consultation fees that may be incurred in the course of statutory audit carried out by auditors.

The management will not take legal action against auditors over differences in treating & recognizing any accounting transactions

deloitte paid high settlement fee for replacing KPMG in 1MDB case.

Who was smart? And indeed, who can be smarter than Deloitte?

Now I wonder who is dare to take up the audit job?

Even though there is one, the terms of engagement must be extremely high & tight, and expecting HIGH AUDIT FEES

Heard that the audit only done up to Dec, how about the 6 months up to Jun?

No audit = no accounts = no submission to KLSE = SUSPENSION !!!

Pls enlighten us which time & when so called “many times”? Guess you must have lots of info with you, just give us details.

By the way, I personally hardly heard any if due to audit disputes, thanks in advance for telling everyone here.

By the way, just share with you, Changing auditors are very NORMAL in audit business. sometimes, after few years, it may be change back. Don’t believe? Go check with those familiar with the audit practices.


kalofarmako Yes Kpmg has been sued manyyy times lah .
Now recently even Petron replace them with Pricewaterhouse pwc.
Many professional auditors here looks like they know everything

The whole management team is totally disgrace, instead of resolving the audit queries, now want to fight with auditors, what a joke.

Come on, just take the simple & easy way, produce the evidence to answer the queries, that’s it!

Guess one if the term must include as below:

the management undertake to give full authorization to auditors to freely express their opinions in accordance with applicable auditing standards in Malaysia & International. The management undertake to fully compensate the auditors for all costs & damages including legal consultation fees that may be incurred in the course of statutory audit carried out by auditors.

Now I wonder who is dare to take up the audit job?

Even though there is one, the terms of engagement must be extremely high & tight, and expecting HIGH AUDIT FEES

EY has not accepted yet, but the management keep on saying already appointed, then later want to wider the scope of special review OR OTHERWISE, end up no appointment yet.

WHAT IS OTHERWISE? Why still no appointment?

The whole management team is totally disgrace, instead of resolving the audit queries, now want to fight with auditors, what a joke.

Come on, just take the simple & easy way, produce the evidence to answer the queries, that’s it!

That new chairman talked like politician, better stay away from this kind of joking team

I don't know if you purposefully tell lie or you really don't know, there was no dividend paid out since May 2019.

Check yourself here:
https://klse.i3investor.com/servlets/stk/annent/5184.jsp

azfar8 wow, now they set their foot to kelantan?, after went in south part? eyes on the east malaysia? looks like i will hold this stock for a long time, hey give dividend too, hihi
02/04/2021 11:37 AM

Good counter, worth to compared this way

downside = limited, less than 10%
Upside = potential 20% if market revalue it to RM4

That’s the business model of Cypark for the past 10 years

Potential good development, but not sure if Kelantan merely give out the grant for use of water surface & do not fork out any cents?

Based on past year’s experience, cypark will be the one who need to settle the financing of the project.

All my comments are for sharing & discussion purposes. I do not have any shares in any solar company

It supposed "Profit before tax", not after tax

it is lower than the RM5.2 million annual profit after tax projected by KPower.

It supposed "Profit before tax", not after tax

it is lower than the RM5.2 million annual profit after tax projected by KPower.

Too many downside issues & factors and worse part is capped revenue. Any slight hiccup will cause ZERO profit

To conclude, SOLAR RE Industry is terribly managed by Malaysia Government, never thought about sustaniable management for solar industry and only keep asking for lowest priect, leaving little rooms for players to provide for any hiccups in future

what is interest rate after 15 years? since all projection shows the life span of solar panel can last as long as to 21 years or more

If the revenue is projected at maximum RM17.3m
Optimal performance is to generate profit of RM4.67mil

It indicated profit margin of 27%.

Is there any possibility that the performance of solar panel drop to 80% at 15th year?

If that happen, then all profit will be gone by then, as it is expected the cost of O&M will be increased over time

the projection does not include:

1)the deteriorating performance of the solar paner over time

2)major repair & maintenance during several milestones over the period

At KPower’s tariff of 17.91 sen per kWh, that means the SPV would be earning RM17.3 million in revenue a year.

Given that 80% of the RM160.25 million project cost will be funded by borrowings, and assuming an interest rate of 3% a year for a period of 15 years, the SPV will have to pay RM10.6 million a year to service the loan.

After deducting O&M cost of RM1.6 million a year and land lease cost of RM432,000, the SPV would have a profit of RM4.67 million a year. While this shows that, at 17.91 sen per kWh, the SPV can still make a profit, it is lower than the RM5.2 million annual profit after tax projected by KPower.

https://assets.theedgemarkets.com/pictures/CS_cht3_TEM1362_theedgemarkets.jpg

To conclude, SOLAR RE Industry is terribly managed by Malaysia Government, never thought about sustaniable management and leaving little rooms for players should any issue arise in future

Too many downside issues & factors and worse part is capped revenue. Any slight hiccup will cause ZERO profit

If the revenue is projected at maximum RM17.3m
Optimal performance is to generate profit of RM4.67mil

It indicated profit margin of 27%.

Is there any possibility that the performance of solar panel drop to 80% at 15th year?

If that happen, then all profit will be gone by then, as it is expected the cost of O&M will be increased over time

what is interest rate after 15 years? since all projection shows the life span of solar panel can last as long as to 21 years or more

the projection does not include:

1)the deteriorating performance of the solar paner over time

2)major repair & maintenance during several milestones over the period

At KPower’s tariff of 17.91 sen per kWh, that means the SPV would be earning RM17.3 million in revenue a year.

Given that 80% of the RM160.25 million project cost will be funded by borrowings, and assuming an interest rate of 3% a year for a period of 15 years, the SPV will have to pay RM10.6 million a year to service the loan.

After deducting O&M cost of RM1.6 million a year and land lease cost of RM432,000, the SPV would have a profit of RM4.67 million a year. While this shows that, at 17.91 sen per kWh, the SPV can still make a profit, it is lower than the RM5.2 million annual profit after tax projected by KPower.

Who follow who die, it is funny to see still so many follow

May be they didn't see those who was already dead

Price @ 17 March = RM5.02, not bad though, can still maintain at 4.40, I expected now should be RM4.00

Good luck all


Stock Kingdom From 1.80 to as high as 6.20 within 3 months, without supporting from fantastic result, instead came out with rubbish result.
17/03/2021 11:31 AM
X
Stock Kingdom To fall is definitely a sure thing
17/03/2021 11:32 AM

Who in then who needs extreme good luck from Calvin, need more BS from Calvin

Also need Calvin to promote to ALL FORUMS, promote his BS everywhere & everyday

managed by a bunch of political linked people and extremely inconsistent past results

To fall is definitely a sure thing

From 1.80 to as high as 6.20 within 3 months, without supporting from fantastic result, instead came out with rubbish result.

If you analyse carefully, you will find your cost of investment to install solar roof at the double story house is no different from those LSS projects. The ROI is almost the same.

LSS is not a good things, everyone rushed in to bid with lower & lower prices, no way to get "fantastic" selling price from LSS project.

Totally opposite to private IPP in those days. All now so transparent & open.

IBs have been working hard to reasonlise their workings to set high TPs for KESM

Anyone who followed KYY's call to buy this company, better get ready to be condemned by KYY.

KYY is short memory old man, he will never remember what he said few days ago & may say "he was cheated by xxxx"... blah blah

This stock never deserved to be labelled "under-rated", it was indeed "over-cooked" by OLD MAN, better read the quarterly reports yourself, and compared to other furniture manufacturers, this is not so good company if compared to Pohuat & Liihen.

Ya, interesting to go down & I managed to buy 230k @ RM0.755, I hope to buy more, how?

18KHarmoni Intresting to keep go down? Hahaha
10/03/2021 5:59 PM

Mohd Karim said Serba Dinamik planned to venture into the space economy because it would connect the dots in terms of information and communications technology, which was one of the core competencies within the group, through Internet connectivity to the underserved and unserved areas domestically by utilising satellite technology for connectivity.

"This is required to support the group’s various initiatives on frontier technologies that require broadband and Internet connectivity to realise the utilisation," he added.

Mohd Karim noted that providing the facilities and infrastructure would open much bigger markets for other related industries under the Fourth Industrial Revolution (IR4.0).

Thanks @Mickeymoose:
Mickeymoose https://www.thestar.com.my/business/business-news/2021/03/11/serba-din...
11/03/2021 2:32 PM

嗟乎，燕雀安知鴻鵠之志哉！

seem very interesting

If you think it's none of my business, you watch show only mah

So, I come here to watch show only.... lol