company is good but affected by many bad news, (serba bad news and emco in whole Msia starting 1 june) Although price is cheap now, too many uncertainties.
Another note that is worthy of consideration is the very fact that some Serba Dinamik’s shareholders have expressed dissatisfaction with KPMG being the company’s auditor as the audit firm is involved in the 1Malaysia Development Bhd (1MDB) fiasco.
In a related development, Devanesan also made a valid observation that it is good corporate governance to rotate external auditors every few years as no independent party should remain for long periods of time as their independence would be impacted.
@ Posted by kfbusjd: Bad News are actually the creation of BAD people....People's sentiments, People's anxiety, People's disobedience, People's arrogance, People's ignorance, People's unethical behavior,
buy at 2.12 high place and see the price continue to drop until now, Thinking of top up at 1.4 to lower down but then the price drop further to 1.3, Now serba problem hasnt solved yet, then full lock down coming on 1 june. How dare i top up now...
Profits have been possibly or probably inflated and chucked into its huge receivable. It has net cash but still needs cash via private placement. That is the second big red flag. This company operates without much fixed assets. Possibly it’s serving mainly as a billing platform only, a third red flag. This kind of company should be valued at book value, at most. We are looking at RM0.15 fair value, ie 50% discount, to be judging the veracity of its book reasonably. A strong sell.
Kpower already announced that there is no relation between KPOWER and SERBADK. It just sentiment. There are people saying risk of delisting and PN17 waits KPOWER what the hell? Not even possible..
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....
power88
1,588 posts
Posted by power88 > 2021-05-29 09:12 | Report Abuse
this project tipu?