Need to hear from kpmg to know whats the truth. Wonder why kpmg never get back after 6th of May. Every statement seems hanging until that date.

Probably wont limit down, but some massive selling for sure. At least some clarity. That said many counters will tank on monday. Buying opportunities.

Whatever the outcome, market will tank on monday. Good news that it is somewhat cleared the air. But once the next auditor found some issue that time really GG.

How come merger with digi, axiata barely moving? Merger is 50-50. Digi went up so much.

Still no news on what are the irregularities mentioned by kpmg. Should come clean if any accounting value difference. Market will digest the information and decide the value of the company. Its not difficult unless massive book cooking in place. At least AA tony is honest about his company (massive losses each quarter) despite pn17 status.

Yea. All counter sure red. Time to reload bullets.

Statutory audit or not market will tank on Monday regardless. Haha

If karim kena margin call, kpower will be dirt cheap since he hold 30% of it. If the management said is true, then it will be a bargain considering the book order almost 2billion (in malaysia mostly).

Every man loss is someone else gains.

Mixed view from analysts. But serba keeping mum is not a good sign. QR also not out to calm the market. Its not difficult to be honest and tell shareholders what are the issues and possible remedies. Unless Karim is hiding something. That said, he knew this since April, yet buying more serba shares, the only point against him manipulating the market. Tainted image nonetheless.

On average tp is somewhere 1.3 if u take into account all analysts. Probably gonna go down to 1.2 slowly recoup back 1.3. Then 1.3 sideways until next announcement.

Unless serba comes out with a statement, without leaving retail investors in the dark, trading should be suspended. We don't have same informations like big boys to make our own judgements.

If open today probably gonna limit down. Lets see. The only argument against that would be there was never massive insider selling for past one month. They would know better how this would turn out.

If karim kena margin call, kpower n scib sure go down some more. Sapu when cheap. Haha

Very unlikely issue resolved in one weekend. However a strong statement should soften the blow to the company. What we hearing all about cooking the book, while statutory audit could be anything under the sun. What fishy is how management fail to mention specific issue and how are they going to address it. It was brought up in April by kpmg, major shareholder sure in the know, yet no one selling anything massively. If Karim knows he is in trouble, surely he would save his ass first. 30% from 6 billion company is no joke.

Tomorrow also suspended it seems

Recent AA pn17 issue or statutory audit worse? Haha

The issue came up in april. Yet PP taken up, epf keep buying. No major selling at all.

Poor sentiment.

Apart from kenanga other analyst prefer to hold probably gonna settle at 1.3 and sideways

Below 10 is a good buy

From the statement i could take few months to clear out. If massive dumping by institutions nothing we can do also.

Exactly my point. Not able to verify due to covid restrictions very pale excuse. We dont hear Apple saying that. Or any other MNC. But its good serba came out to issue a statement at least. We shall see tomorrow.

Can we know tomorrow if big boys buying? Usually they only announce after 2-3 trading days after.

Yes. Not overreacting would be unlike market. Surely down 10% then probably settled down 5% or so. Then news comes out up another 10% next trading day. Then slowly fade to 1.6.

@insidershark surely alot more MNC have subsidiaries anywhere in world. U would expect that to be sorted for listed company.

If serba come out and calm investors like kpower did then all is good. If not GG all tomorrow.

All the best.

Some announcement by kpower today. Scared price drop tomorrow.

By the way pp of 2.05 is rather optimistic.

If financial report can be manipulated, then how on earth small investors can invest smartly.

@piranha88 i agree on suspension of trading. Statutory could be anything. Dato karim should come out and calm investor. His portion also on the line.

That said, audit or jot, their debt getting bigger each year. Should ve used the dividend money to pay debt if management are serious.

What kind of receivables actually? Anybody can clarify? Usually market overreact on news first day. Second day when more calm then only can judge.

Funny how kpower not flagged by auditor. Or not yet audited?

There is some value to the company. Once the gearing is lowered. Imagine audit cleared sure fly one. Haha

If profit so huge, wonder what kind of receivables for such amount?

@noah care to enlighten us how it unfold?

Again we should all invest with our own knowledge.

Looking forward for his statement in the next day or two. Even AA pn17 also didnt reach limit down.

It makes no sense for major shareholder of 29% to cook up books and not doing justice to his own company. The gearing ratio supposed to better after the PP. with 18.9bil orders to date, revenue appears to be sound. that said probably Thursday gonna be some extensive selling. Good chance to buy some if u still believe in the company.

@oldwiseman100 is epf still major shareholder? Usually they sell few days earlier than us. PP previously if not mistaken hugely taken by Dato Karim and EPF. Since he is major shareholder i would assume he would hold integrity of the company.

I would like to see scenario one to happen. Price stuck at 1.6 for so long. Even sapura energy (who have bigger debt) moves, albeit up or down.

Anybody have any idea? Worrying statement. But otherwise fundamentally still solid. Book orders 18billions. Surely epf knows better? Major shareholder also.

If 3 cents per quarter equals to 12 cents per year. Pe is still reasonable. That is if we assume stagnant growth for a ‘growing’ company. Only worry is possible PP to fund the projects. This counter is hold few years kind with green energy still new in malaysia.

With the ifrs17 will that means allianz ‘profit’ more in new accounting terms?

Based on past 3 years earnings company managed to get something 30-35mil pat. PE 15-20. Decent price for tech stock. If the prospect is good, current price if very good entry.

9 months period profit is 100% better than last. Pre covid was 1.9-2 range. If we take same PE, rm3 is justified with the possible PP.

Epf secretly been buying for months. And not selling.

Good enough QR? Assuming full quarter is 9sen, current price means PE of 33x. With possibility of PP, and higher interest rates, price might needs to weather some storm ahead to justify. Tech possibly takes some breather and then only resume in digitalisation decade. Lets hope the rm800mil acquisition they plan is worth it. Any news on what company?

Assuming stagnant growth going forward of eps 4sen per quarter and of 16sen per year, pe of 10 would mean rm1.6. Which is what it is now. If we combine better profit and probably higher PE, rm 2 is very achievable. Company is new kid in the renewable energy. Short term volatility is unavoidable. Chart looks terrible.

Broke the 3.84. Good time to sapu. Fundamental doenst change. Normality will resume eventually albeit short term volatility

Even pre covid also more than rm2. With higher earnings on digitalisation of this decade, surely earnings will be higher. Anything below rm2 is a steal. If u can stomach the near term volatility.

1.26 support level? Wait to calm few days then top up. Steel price in china maybe dropping by the export blocking order as they are biggest producer. Think about the rest of the world? I read somewhere on financial report, malaysian company fighting price with china companies. Invest wisely and read report. Dont just trade on momentum.

Investor looking to hold here. But quite concern on the debt tnb is on. 9.87 is some value. Margins will be affected on mco as residential rate not as high as commercials.

If u are investor no point barking on recent news that wont affect fundamentals of the company. Mco or not eventually normality will resume. Unless ofcourse we all traders using margins.

Fundamental is solid. But bond market is not helping. Probably gonna have a few ‘loss’ quarters