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2022-03-17 22:35 | Report Abuse
Please revert to old version
2022-03-12 22:55 | Report Abuse
Surprised that there are still people believing this stock. So many having paper loss all the way but still stay invested. Better to cut-loss.
2022-02-25 22:24 | Report Abuse
Is there a dividend declaration of 20 sen?
2022-02-11 21:29 | Report Abuse
JSB OR last date to sell is on 9/2. Those holding need to subscribe by paying 30 sen.
2022-02-11 21:26 | Report Abuse
May reach 60 sen before 16/2
2022-02-11 21:22 | Report Abuse
NTA is at 2.10. Most likely MGO will be above 1.80.
2022-01-13 21:56 | Report Abuse
They may announce warrant issue ex date any time
2022-01-12 22:31 | Report Abuse
Next stop 3.00 with the upcoming bonus issue of shares and warrants
2021-12-24 23:09 | Report Abuse
One thing for sure, America practices more freedom for it's people. If no for US during WW2, we would probably be governed by the Japanese and our mother tongue maybe Japanese.
2021-12-20 21:49 | Report Abuse
Correction. EX date is on 3/1
2021-12-07 22:53 | Report Abuse
keep dreaming. heading towards 52 sen
2021-11-27 23:05 | Report Abuse
commendable share price in weak sentiment. Next stop above 70 sen.
2021-11-14 22:54 | Report Abuse
Unlikely go below 4 since QR out this month. Most likely may go above 4.20 if good QR.
2021-11-11 23:09 | Report Abuse
Wonder why some still believe in this counter. Could invest in other counters and if smart can make lots of money instead of stuck for 2 years. Even then, there is no guarantee the share price will improve.
2021-11-11 23:05 | Report Abuse
Tomorrow EGM. Upon approval of bonus, may go up further
2021-11-08 22:01 | Report Abuse
Tomorrow listing of split shares. Last date before ex for bonus warrant.
2021-11-03 22:08 | Report Abuse
looks like KYY has moved from Hiap Tek to AYS big time. Now he is promoting
2021-10-28 21:36 | Report Abuse
Now he will slowly wait for the opportunity to sell and run
2021-10-26 22:57 | Report Abuse
A good example is Digi. Before split to 10 it was trading above 20.00. After ex-date it went up to above 5.00 with a gain of above 100%.
2021-08-22 22:09 | Report Abuse
Nice to hear all the recommendations but it takes a man to do all these things
2021-08-12 21:30 | Report Abuse
No official announcement on credit or listing date of warrant. On the way.
2021-08-11 21:35 | Report Abuse
So far no announcement of listing date of warrant. Ex-date for warrant entitlement is 9/8. Most likely they will push mother share before listing of warrant.
2021-08-03 21:03 | Report Abuse
If ex date is 9 Aug, the last date for entitlement of warrant is on 6 aug. If buy on 9 aug you are not entitled.
2021-07-28 21:56 | Report Abuse
There is no mention of listing date of warrant. Yet to be announced.
2021-07-22 22:25 | Report Abuse
This cunning old man expects everyone to follow him to sell down all shares. He better go and fly kite.
2021-07-21 21:19 | Report Abuse
Why the delay in announcement of bonus warrant ex date? EGM was held and approved on 18/6
2021-06-27 21:19 | Report Abuse
I think some don't even know what margin call is and insinuating epf will have margin call. Do they think epf uses margin to invest?
2021-06-12 23:14 | Report Abuse
Dato Awang Daud and epf already disposing big. Time to wait for 10 sen,
2021-06-11 22:04 | Report Abuse
It's best to avoid a gamble until something concrete comes up with the audit issue. If KWAP and EPF continues dumping, it may go seriously low.
2021-06-10 22:09 | Report Abuse
May pass 45 sen before EGM
2021-06-07 23:04 | Report Abuse
Good luck for those with optimistic view
2021-06-07 21:53 | Report Abuse
Cut loss. PN17 and dropping to 10 sen
2021-06-05 23:33 | Report Abuse
Anyway, the funny thing is that the directors are still moping up the shares.
2021-05-31 23:20 | Report Abuse
1334% yoy profit of more than 10 million
2021-05-28 23:33 | Report Abuse
Pullback is on all counters if there is any. Upcoming announcement of ex-date with good QR will keep it steady
2021-05-28 23:03 | Report Abuse
(i) Certain suppliers’ invoices do not have registration number;
(ii) 2 suppliers and 2 customers companies stamp did not bear registration number;
(iii) Differences in the names contained in legal contract agreement, invoices, user
acceptance test and customer companies’ stamp;
(iv) Differences in addresses contained in legal contract agreement compared to
customers’ website;
(v) 6 out 7 customers will make direct payment to subcontractors and the Group will
receive the net amount; and
(vi) 3 customers have minimal share capital and were only incorporated in 2019 and
2020, one of the customer’s principal activities do not appear to be IT related.
KPMG viewed that they are unable to determine the appropriateness of the contracts and
transactions as well as the revenue and cost recognized based on the above.
Management’s Action / Reply to queries:
In relation to (i) to (iv)
- The Management noted that KPMG had extracted the wrong address from the
document.- Informed KPMG that there is no requirement for the company in the said jurisdictions
to put company’s registration number in the invoices but nevertheless the said
number was stated at the bottom page of the invoices
- There is no requirement for the company in the said jurisdictions to put company’s
registration number in the stamp
- With regards to the different name, there is no significant differences in the name
which has been highlighted e.g. “Ltd” or “Limited” / LLC against L.L.C
- In terms of legal contract agreement against the website address, (1) in one of the
company, there was a slight typo in the address and; (2) for another case, the
contract is as per the place of business whilst the website stated their registered
office.
In relation to (v)
The mentioned subsidiary has entered into a triparte agreement at client’s request where
payment will be made directly to the sub-contractor. The Company is of the view that the
subsidiary acted as a principal to meet the contract’s obligations and hence, we believed
that this subsidiary is able to recognize the revenue and cost associated with the contract.
In relation to (vi)
The Company does not view that its customers’ profile must include huge paid-up capital
in their books so long that the relevant customers are able to secure the contracts from the
ultimate contract awarder and meet the legal requirements to perform such contracts.
In relation to the company of which the principal activities do not appear to be IT related,
there is no legal restrictions for them to participate in any other business activities.
The Company has responded to KPMG on all queries on 6 May 2021 and to-date, KPMG
has yet to revert with the above.
3. APPOINTMENT OF AN INDEPENDENT FIRM AND SCOPE OF WORK
The Board is targeting to appoint an independent firm to review the accuracy and veracity
of the matters highlighted by the external auditors as stated above in June 2021. In
conjunction, the scope of the work in relation to the above shall be finalised accordingly.
The relevant procedures will include among others the review process and determination
of appropriateness of the item as highlighted in Paragraph 2 above.
The Company will make an announcement to this effect immediately upon the finalisation
of the aforesaid appointment.
4. IMPACT ON FINANCIAL AND OPERATIONAL OF THE COMPANY
The Company is not able to substantiate the impact pending the review by the
independent firm. The Company takes the view that there is no issue with regards to the
legitimacy and existence of the contracts as well as the value that will render any material
impact to the financial and operational aspects of the Group for the financial year ending
30 June 2021.Further announcement will be made once the impact, if any, can be ascertained.
5. MEASURES / STEPS TO BE TAKEN BY SDHB TO ADDRESS THE MATTERS
UNDER REVIEW
The Company has taken and will be taking the following steps:
Reverted with reply to queries to the external auditors on 6 May 2021;
Provided the necessary information including contact details of the relevant parties as
requested by the external auditors to satisfy their extended procedures requirements;
Provided all outstanding audit information as requested by the external auditors; and
Constantly attempt to engage with the external auditors to resolve matters on hand
6. ESTABLISHMENT OF INDEPENDENT COMMITTEE
The Company is setting up an independent committee to manage and handle the matters
in relation to the independent review, that will report to the Board of Directors.
The composition of this committee will mainly comprise of Non-Executive Directors, Legal
Advisors, Internal Auditors, Company Secretary and Representative of the management.
This announcement is dated 28 May 2021.
2021-05-28 23:00 | Report Abuse
SERBA DINAMIK HOLDINGS BERHAD
Type : Announcement
Subject : OTHERS
Description : SERBA DINAMIK HOLDINGS BERHAD (“SDHB” OR THE
“COMPANY”)
SPECIAL INDEPENDENT REVIEW
1. INTRODUCTION
We refer to our announcement made on 25 May 2021 and Bursa Malaysia’s query on 27
May 2021 the above captioned matter.
On behalf of the Board, we wish to announce the following additional information in
relation to the aforesaid matter.
2. DETAILS OF THE MATTERS HIGHLIGHTED BY THE EXTERNAL AUDITORS
The Company wishes to inform that the matters raised mainly by the external auditors on 3
May 2021 pertaining to the statutory audit relates to the following:
2.1 Certain customers’ confirmation relating to sales transactions, trade receivables
and material on site balances
Issues raised by KPMG:
- KPMG had sent out confirmations on the aforesaid balance where only 1 reply out of
12 customers was received by KPMG.
- In order to hasten the process, the Company had subsequently sent a second
confirmation to the remaining 11 customers with same amount as in our first
confirmation to the relevant debtors of which all have replied.
- Based on the meeting dated 3 May 2021, KPMG has yet to test the completeness and
- is not able to verify the authenticity of the confirmations identified nor validate the
person signing the confirmation.
Management’s Action / Reply to queries:
In addressing the above queries, the Company had carried out the following:
- Proposed to arrange for interviews and other means of communication between
KPMG and certain debtors to clarify matters;
- The Board also suggested to KPMG to send the third confirmation;
- Requested KPMG to share the signed confirmation that was in contentious for the
Company’s further investigation; and
- Commitment to continuously assist KPMG.The Company has responded to KPMG on all queries on 6 May 2021 and to-date,
KPMG has yet to revert with the above.
In respect to the 11 confirmations received which KPMG as stated above accounted for
total sales transactions of RM2.32 billion, trade receivables balance of RM652 million
and materials on site balance of RM569 millions.
2.2 Certain transactions on purchases and trade payables balances on local supplier
Issues raised by KPMG:
- 2 local suppliers were incorporated on the same day
- 4 local suppliers were found to have the same registered address as the 2 local
suppliers above
- 5 suppliers out of the 6 suppliers were noted to have paid-up capital of RM100,000
each where each supplier is owned by an individual shareholder despite having
transactions which ranges between RM60 million to RM96 million.
Management’s Action / Reply to queries:
Choice of local suppliers
The Government of Malaysia has implemented the Vendor Development Program
(“VDP”) since 1998 of which the objective is to develop Bumiputera vendors to be
successful in the manufacturing and services industry.
The Company has become PETRONAS vendor in 1997 and graduated from
PETRONAS vendor in 2007 and subsequently, the Government has appointed the
Group as the anchor company for the program.
The aforesaid suppliers are assessed and recommended by supply change
management under the VDP. Companies that were appointed as the Group’s vendors
do not require to have huge share capital as a condition to assign and fresh vendors
will also be considered, through VDP.
Same address of local suppliers
Company has informed that the registered address was actually the company
secretary’s office and these companies are using the same secretarial services.
Arrangement on further interviews with the local suppliers
2 suppliers have agreed to meet up with KPMG. Notwithstanding, KPMG has yet to
take any further action.
In respect to the 6 local suppliers as mentioned above the total transaction amounting
to RM481 million as stated by KPMG.
The Company has responded to KPMG on all queries on 6 May 2021 and to-date,
KPMG has yet to revert with the above.
2.3 Further information relating to customer and supplier in Bahrain
Issues raised by KPMG:
- Office address cannot be located on physical site for our supplier and customer.- KPMG has noted fax contact number of the customer as indicated in the official
website is registered under one of the Group’s employee but using ‘Truecaller’
application.
Management’s Action / Reply to queries:
KPMG has sighted the wrong address and accordingly management had on 6 May 2021
provided KPMG with right address.
Management had provided KPMG with the official telecommunication bill from the
provider.
KPMG has stated total sales transactions of USD101 million and trade receivables
balance of USD24 million.
The Company has responded to KPMG on all queries on 6 May 2021 and to-date, KPMG
has yet to revert with the above.
2.4 Trade receivables balances and sales transactions for information technology
contracts
Issues raised by KPMG:
KPMG had noted that there was no company registration number and registered business of
the customers as indicated in their respective contract
2021-05-24 22:26 | Report Abuse
Why buy OR at 1 sen if can easily get at half sen. If want to subscribe, just get 100 shares and the balance apply excess.
2021-05-24 22:15 | Report Abuse
May easily cross 30 sen by this week
2021-05-24 22:06 | Report Abuse
Yes, 50 sen could be easily reached.The adage 'sell in may and go away' got another 3 days. On announcement of bonus date, may cross 50 sen
2021-05-24 22:01 | Report Abuse
So many water fish get caught. Now those applying for RI are in for a bigger shock.
2021-05-07 22:25 | Report Abuse
Should cross 50 sen soon. Share price up even in sea of red for the past week
Stock: [WONG]: WONG ENGINEERING CORPORATION
2022-04-05 22:51 | Report Abuse
1 sen dividend goes ex on 14/4