We refer to the Company's announcements on 5 May 2021, 3 June 2021, 8 June 2021 and 2 August 2021 on the suspension of Mr Syed Hizam Alsagoff, the Group Chief Financial Officer of the Company and appointment of KPMG Management & Risk Consulting Sdn Bhd ("KPMG MRC") as the independent consultant to review the financial management of certain investment and contracts. Whilst KPMG MRC has completed its reports, the legal investigations of the said investments and contracts are still ongoing. The Company expects the complete results of the review to be announced by the end of October 2021.
Noting that the contract of Mr Syed Hizam Alsagoff as the Group Chief Financial Officer of the Company ends tomorrow (31 August 2021), the Board has today decided for the Company's General Manager, Group Finance, Madam Tan Mei Fung to continue as Head of Finance pending the recruitment of a new Group Chief Financial Officer.
Date of change 07 Aug 2021 Name DATO ISAAC LUGUN Age 64 Gender Male Nationality Malaysia Designation Non Executive Director Directorate Non Independent and Non Executive Type of change Retirement
CAHYA MATA SARAWAK BERHAD
Date of change 08 Jul 2021 Name DATO ISAAC LUGUN Age 64 Gender Male Nationality Malaysia Designation Non Executive Director Directorate Non Independent and Non Executive Type of change Others Description Retired as Group Managing Director and redesignated as Non-Independent Non-Executive Director with effect from 8 July 2021. Qualifications
# Treasurehunt, U got Anson wronged, by saying he's a retiree.
Who Anson is? A young ciku, any one try before? A guy in his early thirty, who spent most of his free time besides working into online games. Used GG Garena clients platform to play his favourite DOTA2 ( Defence Of The Ancients 2) either at home or cybercafé. Very familiar with characters such as SD (shadow demon), AM (anti mage), PA(phantom assassin) etc on their skills and ultimate power is. Guy with very small social circles, no romance and lonely who had big dreams but reluctant to work harder (find accurate facts, details, analysis) cos too indulged into games.
See how often he use GG in his comments. The word GG in e-game culture means :
Polite way : good game Rude way : ur team lose, game over or finish, u guys sucks.
It's totally hearsay to say SD is a sarawak base company, where Karim started his career as mechanical engineer in Asean Bintulu Fertillizer s/b (1988) before setting up Serba Dinamik. SD HQ is in Seksyen 14, Shah Alam, Selangor.
By his logic, can we assume GRAB is Malaysia 1st unicorn startup since both founders Anthony Tan and Tan Hooi Ling are both born Majaysian with early office in Klang valley before become Singaporean?
In few days time, one will see great disparity in price movement for CMSB and SD, once SIR and KPMG report out.
1) cahaya price cont recovery, main point is damaged in CFO inflicted damage was minimum damage plus +ve catalysts budget 2022, sarawak's state election, recovery theme, big tender participation and asp increase.
I maintain, the ONLY villian is outgoing CFO.
2) SD, persistent downward movement cos lucky anticipate EY results mostly identical with KPMG.
TA for CMSB, price will be well supported at 1.39 and drastically up when report concluded.
Worst senario - 1.33 to 1.36, which I am glad to support with my extra funds.
*** all with profits or lesser lost are welcome to sell. Now 10m daily transactions waiting 4 u if one could not bear the risk/ reduce risk of the outcome RESULT. Negative sentiment diminish as date nearer to announcement.
I never step one more leg/bad mouth or show off in SD i3 forum for once's. If not because of needs to differentiate bet 2, I would not comment as it's non of my business.
SD holders : prepare for worst scenario
1) EY more the same as KPMG, another lv down from 52w low. 2) tough road ahead, very hard to find supports from creditors ( suppliers, bankers, bond holders)
*** Trust deficit, cost for projects financing goes higher and eat into net margin in order to be competitived thus reduce cash flow. It nature business model requires big capital row over before projects completed subject to 90/120 days term. Genuine receivable.
In contrast with CMSB, manufacturing plants ( cement, MPAS, Ferrosilicon) ALL PPE, are prebuild or invested and only need small capex to generate revenues. Sacofa rely on rental income, where else Tower building, new road/highway/Bridge/property developments are on project basis. It business structure branches out nicely to reduce risk of slow down in particular sector. Net borrowing stood at RM100M.
3) Institution investers or PP holders will shun this counter.
*** be prepared RI on the card. Dilution of shares.
the only O&G listed company I can think off to staged remarkable recovery is Hibiscus from SPAC (ZERO) to discovery of oil in Northern basin that recently declared dividend.
*** even than price of Hibiscus is still shy of its all time high around 2.8 and the time it takes to recover from lowest of 0.13 till today.
SD already gave a big clue proir SIR announcement :
1) CEO as Head of entity cum biggest shareholder behave like primary school boy to with hold his report card( many F and E) from parents. Suppose to be ready by 30th September. 2) shoplot Chairman, the loudspeaker act like church mouse. If good news, will be like Ayam bertelur riuh sekampong.
Only 1 man to blame :
Kasi Anda Ribuan Impian Malang!
He use kasi instead of bagi/beri as he is Is.... CONvert.
Rugi, buat perniagaan tak pandai boleh maaf. Tapi con con tak boleh lah.
OM Holding which 75% owned by OM Materials Sarawak and 25% owned by CMSB is planning CAPEX of RM373M for expansion due to demand of Ferrosilicon and pricing
2) OM Sdn Bhd 是和 OM Holdings (Australia Listed Company) 在Samalaju Industrial的一个合资,主要生产 Ferrosilicon Alloys & Manganese Alloys. 厂房坐落在Samalaju重工业区,隔壁就是Pmetal啦。好处就是能够享用廉价的电力,低电费又能剩一笔了。呵呵
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AnsonLiew
2,251 posts
Posted by AnsonLiew > 2021-10-24 19:13 | Report Abuse
someone buought at high now wanna con new bie here
i dont want to mention his name la
later he get mad like crazy
hahahahahahaha