1 person likes this.

26 comment(s). Last comment by scenery 2021-06-01 20:56

brian3381

1,888 posts

Posted by brian3381 > 2021-05-30 20:26 | Report Abuse

True true. Must catch all these crocs

gohkimhock

3,026 posts

Posted by gohkimhock > 2021-05-30 20:31 | Report Abuse

did the KPMG auditors really spot some creative accounting there? Hence the eagerness to boot out them..?

qqq3333

2,263 posts

Posted by qqq3333 > 2021-05-30 22:18 | Report Abuse

KPMG about to issue a qualified audit report. By changing the FY, Serba avoids that and gives themselves time. But, really, normal people do not change FY because audit not finished. Normal people ask for extension of time from Bursa.

qqq3333

2,263 posts

Posted by qqq3333 > 2021-05-30 22:19 | Report Abuse

nominal accounts, fake account to do manipulation of accounts is the oldest trick in the world.

qqq3333

2,263 posts

Posted by qqq3333 > 2021-05-30 22:20 | Report Abuse

Sslee Sometime I wonder how can auditor allowed and signed off Chairman dealing in financial instrument (level 3) to the tune of billion.

that is dealt with by disclosures. Not illegal under the laws.

Sslee

5,459 posts

Posted by Sslee > 2021-05-30 22:22 | Report Abuse

qqq3 already sold your SCIB and Kpower?

qqq3333

2,263 posts

Posted by qqq3333 > 2021-05-30 22:25 | Report Abuse

changing FY, sacking auditors, ....all these are desperate moves ......desperate moves for desperate people.

qqq3333

2,263 posts

Posted by qqq3333 > 2021-05-30 22:26 | Report Abuse

a drowning man will grab any thing.

emsvsi

3,517 posts

Posted by emsvsi > 2021-05-30 22:39 | Report Abuse

Serba Dinamik shareholders should diversify their holdings into safe havens (Defensive stock) that are undervalued (Value stock) and which has shown year-over-year growth (Growth stock) during the pandemic and unprecedented times

The Top DEFENSIVE + VALUE + GROWTH Stock is MMC (2194)

Ports are essential and allowed to run at maximum capacity without restrictions see:
https://klse.i3investor.com/blogs/emsvsi/2021-05-30-story-h1565956926-BREAKING_ALLOWED_SERVICES_MCO_1_JUN_14_JUN_2021_OFFICIAL_LIST_MMC_CORP_.jsp


Note: MMC's auditors are PricewaterhouseCoopers (PwC). It is considered a Big 4 accounting firm

But to those within the industry, it is known as the top accounting firm. (Note: PwC is the only accounting firm that remains untainted by the 1MDB saga)

Posted by Lukey_Greek > 2021-05-31 02:52 | Report Abuse

From cash flow perspective, the company distributed lesser dividend even though they earned higher EPS since 2019. Hhmmm...

Trader258

435 posts

Posted by Trader258 > 2021-05-31 11:34 | Report Abuse

THE Institutional Investors Council (IIC) views on the controversial matters are stressed with good basis. Serba Dinamik seems to stink of ' cooking ' the books..

calvintaneng

55,043 posts

Posted by calvintaneng > 2021-05-31 12:48 | Report Abuse

yes cooking the books?

go did out the past accounts of kpower and scib as well

same modus operandi there

calvintaneng

55,043 posts

Posted by calvintaneng > 2021-05-31 12:51 | Report Abuse

qqq333 escaped from Philip snake den telegram ?

Your 50% invested in sendai (send die) now how ?

shpg22

2,984 posts

Posted by shpg22 > 2021-05-31 18:21 | Report Abuse

Karim already ask auditor to kasi chance, but went unheeded.

qqq3333

2,263 posts

Posted by qqq3333 > 2021-05-31 19:17 | Report Abuse

business risk bankruptcy risk with Kpower and scib surely higher than Serba.......hahahaha....if no pp, all their projects will collapse.

stockraider

31,556 posts

Posted by stockraider > 2021-05-31 19:19 |

Post removed.Why?

scenery

2,361 posts

Posted by scenery > 2021-05-31 21:35 |

Post removed.Why?

Joe Ng

210 posts

Posted by Joe Ng > 2021-06-01 10:13 | Report Abuse

lmao the auditor caused the minority shareholders to lose so much money and they still wanna keep them?

timbermad

118 posts

Posted by timbermad > 2021-06-01 12:03 | Report Abuse

Studied the response the issue raise. there's nothing indicated clever accounting was in place. KPMG should sit down & discuss the finding with Serba & seems that KPMG reluctand to do so. Agree with Joe Ng, minority shareholders loose money & KPMG should be booted out. https://www.theedgemarkets.com/article/kpmg-raised-audit-issues-transactions-involving-over-rm3-billion-says-serba-dinamik

timbermad

118 posts

Posted by timbermad > 2021-06-01 12:12 | Report Abuse

its odd as some company without a good revenue & profit price go up like hell (DATAPREP) & genuine company like Serba (with good profit & dividend) which have good result been scrutinize like this. Will monitor & collect its shares (at discounted rate)

stockraider

31,556 posts

Posted by stockraider > 2021-06-01 14:09 |

Post removed.Why?

sting79

760 posts

Posted by sting79 > 2021-06-01 18:22 | Report Abuse

My own red flag in Serba IT - no system PO ever raised from Petronas Carigali company to Serba Dinamik IT Solutions Sdn Bhd vendor, but in Serba IT website it mentioned Carigali as one of its client. Just a short 15 minutes system search, believe it or not...

Evil triumphs when good people do nothing, thank god for KPMG in this case!

scenery

2,361 posts

Posted by scenery > 2021-06-01 20:50 |

Post removed.Why?

scenery

2,361 posts

Posted by scenery > 2021-06-01 20:54 | Report Abuse

Conman stockraider further lied that netx is owned by Fintec, when it is not.

Posted by stockraider > May 31, 2021 7:19 PM | Report Abuse

B4 netx was confirmed a counter owned by kon fintec....investing in netx is perfectly viable mah...!!

scenery

2,361 posts

Posted by scenery > 2021-06-01 20:56 |

Post removed.Why?

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