Posted by sayangawak > 2021-06-03 11:05 | Report Abuse

Sapa cakap pp finished by end month

Posted by benlooi123 > 2021-06-03 12:13 | Report Abuse

Average down, huge discount.

Posted by benlooi123 > 2021-06-03 12:13 | Report Abuse

Long term investment, potential up surge.

Posted by KEENTRADER > 2021-06-03 12:23 | Report Abuse

Karim bought 1mil shares in the open market yesterday. This prevent it from going limit down. However, there will be a gradual fall.

Posted by gloveisgreat > 2021-06-03 12:28 | Report Abuse

bought 1 mil yesterday or 27/5? buy the dip.

Posted by KEENTRADER > 2021-06-03 12:38 | Report Abuse

Kadier and Karim each bought 5 mil shares on Monday and not yesterday

Posted by KEENTRADER > 2021-06-03 12:39 | Report Abuse

edgemarket reported

Posted by brian3381 > 2021-06-03 12:41 |

Post removed.Why?

Posted by gloveisgreat > 2021-06-03 14:01 | Report Abuse

alright noted, both bought serba instead of kpower.

Posted by sayangawak > 2021-06-03 14:03 | Report Abuse

Boring kpower

Posted by robertzz > 2021-06-03 14:06 | Report Abuse

nanti power mari, hari hari ho ho tiao

Posted by sayangawak > 2021-06-03 14:56 | Report Abuse

Hahaha..down like crazy

Posted by Legend > 2021-06-03 14:56 | Report Abuse

Adoiiiiiiii..

Posted by gloveisgreat > 2021-06-03 17:09 | Report Abuse

after listen to so many of u, i decided to add more..

Posted by Bgt 9963 > 2021-06-03 17:13 |

Post removed.Why?

Posted by hantamking > 2021-06-03 17:18 | Report Abuse

kpower over undervalue hahah, boss also collect hahah
really hoot already

Posted by hantamking > 2021-06-03 17:26 | Report Abuse

Date Open Price Target Price Upside/Downside
25/05/2021 1.66 2.47 +0.81 (48.80%) BUY AmInvest
21/05/2021 1.69 2.47 +0.78 (46.15%) BUY AmInvest
27/04/2021 2.08 2.31 +0.23 (11.06%) BUY AmInvest


according Aminvest , Target price RM2.47

just buy for longterm ^^

Posted by hantamking > 2021-06-03 17:28 | Report Abuse

If price go up rm2 , really gain alot already haha. No need to argue . If u believe Kpower , is ur own decision to buy and hold ^^ Chill ya

Posted by Godofgambler > 2021-06-03 17:43 | Report Abuse

Hantammmm

Posted by MakeitGrow > 2021-06-03 17:43 | Report Abuse

I guess this counter share price may not be increased much until Serba settles the account issue, perhaps Aug this year, but still have the possibility to go down during these two months. So, I think not suitable for short-term players. For long-term players, it depends on the outcome of Serba's case. There is always have plenty of opportunity in the stock market, as Bursa has about 1000 counters to invest.

Posted by MasterYoda > 2021-06-03 18:17 | Report Abuse

https://www.theedgemarkets.com/article/fitch-downgrades-serba-dinamik-b-places-it-rating-watch-negative?type=malaysia

Posted by MasterYoda > 2021-06-03 18:24 | Report Abuse

Fitch downgrades Serba Dinamik to 'B-', places it on Rating Watch Negative

By Tan Siew Mung | theedgemarkets.com | 2021-06-03 18:07:12
KUALA LUMPUR (June 3): Fitch Ratings has downgraded Serba Dinamik Holdings Bhd's Long-Term Issuer Default Rating to 'B-' from 'BB-', following questions raised over the quality of its earnings by its auditor. The rating agency has also downgraded Serba Dinamik's senior unsecured sukuk due 2022 and 2025 to 'B-' from 'BB-', with a Recovery Rating of 'RR4'.

The ratings have been placed on Rating Watch Negative (RWN), Fitch said in a statement. The downgrade reflects the pressure on Serba Dinamik's liquidity and the elevated refinancing risk from its short-term debt maturities in 2021 and its US$222 million sukuk due May 2022, Fitch said.

“We believe the company's access to debt funding has been compromised after its auditor, KPMG, requested an independent review when a 2020 statutory audit raised multiple questions over the company's operations. The RWN takes into account the plans for the independent review and the uncertainty over the completion of the review, and the limited time to maturity of its bonds. We expect to resolve the RWN following the completion of the review and the company demonstrating it has access to funding to enable it to refinance its upcoming debt maturities,” it said.

While Serba Dinamik has indicated it plans to complete the review within one month, Fitch believes the process is generally complex, necessitating ground checks to ascertain accuracy, which may take longer than anticipated. It also believes the issues raised by KPMG and the review will constrain Serba Dinamik's ability to access capital markets to manage its liabilities.

“We think the company had strong access to multiple forms of capital before the KPMG findings, which, combined with its proactive refinancing strategy, would have enabled it to refinance its short-term debt and undertake liability management. However, the independent review has hurt its ability to address its short-term maturities, resulting in the multiple-notch downgrade,” it said.

Fitch believes Serba Dinamik's top priority under these circumstances will be to ensure the continuity of its operations. “In our opinion, cash will be deployed to ensure that its oil and gas service contracts are carried out smoothly, rather than servicing or redeeming debt. Serba Dinamik has indicated that its banks have not frozen or withdrawn any facilities to date. However, it may face limited access to funds if the independent review reveals any anomalies,” it said.

Fitch also noted that Serba Dinamik's working capital needs surged to RM1 billion in 2020, from the rating agency's earlier projection of about RM420 million, due to a disproportionate increase in inventory. "We estimate that even if Serba Dinamik reins in its dividend distribution, its working capital and capex needs will use up cash of about RM90 million to RM100 million per month. Hence, Serba Dinamik is reliant on increasing working-capital facilities to smoothen operations and bridge the time lag between the rendering of its services and the receipt of cash," it added.

Serba Dinamik shares closed one sen or 1.21% higher at 83.5 sen today, valuing the group at RM3.07 billion. The counter has tumbled 48.14% since the audit issues were made public.

Posted by lee901 > 2021-06-03 19:12 | Report Abuse

Dont knw which so hai subscribe the private placement.

Posted by FreshNoob > 2021-06-03 19:55 | Report Abuse

K power different from serba.. no crazy debt..

Posted by hantamking > 2021-06-03 21:07 |

Post removed.Why?

Posted by hantamking > 2021-06-03 21:09 | Report Abuse

Still have people want to add up^^

Why all here so agressive give free advice ^^
Nothing is free in this world. Hahhaha

Posted by hantamking > 2021-06-03 21:10 | Report Abuse

Kpower is Kpower dont campur campur macam rojak hahaaa

Posted by sayangawak > 2021-06-03 22:02 | Report Abuse

Goodbye kpower

Posted by kfbusjd > 2021-06-03 22:52 | Report Abuse

for me this matter saved me. Director manipulate account caught by audit is definitely better than audit cant see the problem. The worst case is that serba delisted and karim kena fined heavily. This gives a big lesson to karim not to manipulate account. Then kpower safe.

Posted by MatKoh > 2021-06-03 23:37 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-audit-issue-may-hit-kpower-scib-more-their-share-prices

No matter how we would like to defend and deem KPower and SCIB is safe, the market will react with fear and panic. Its a shame but will have no choice but to respect the market.
Stay safe everyone, from the pandemic and also the stock market!

Posted by BATFLY > 2021-06-03 23:38 | Report Abuse

Don't simply comment if you don't know anything..

Posted by jutawansenyap > 2021-06-03 23:48 | Report Abuse

All story is speculated.But TA wise said tomorrow is heavy selling.tq

Posted by sayangawak > 2021-06-03 23:53 | Report Abuse

Yes tomorrow is heavy selling guys

Posted by gloveisgreat > 2021-06-04 01:18 | Report Abuse

waiting for buying the dip.

Posted by KEENTRADER > 2021-06-04 09:14 | Report Abuse

now can buy one get one free (based on the price a few weeks ago)

Posted by fortunefire > 2021-06-04 10:22 | Report Abuse

Karim is busy using up his cash to rescue Serba. Think Kpower gonna gg soon.

Posted by gloveisgreat > 2021-06-04 10:22 | Report Abuse

true, this price no buy sure regret later.

Posted by FreshNoob > 2021-06-04 12:57 | Report Abuse

Wait for the fear to subside.. then people who wanna make good money will enter again ! :)

Posted by FreshNoob > 2021-06-04 13:00 | Report Abuse

Kpower debt very healthy. No problem :)

Posted by gloveisgreat > 2021-06-04 14:28 | Report Abuse

collect more if further drop, look promising..

Posted by gloveisgreat > 2021-06-04 14:28 | Report Abuse

going up is imminent

Posted by KEENTRADER > 2021-06-04 16:29 | Report Abuse

RUN BEFORE IT IS TOO LATE

Posted by KEENTRADER > 2021-06-04 16:30 | Report Abuse

NO MORE HOPE

Posted by adam1314 > 2021-06-04 16:43 | Report Abuse

why run for long term investment......

Posted by KEENTRADER > 2021-06-04 16:48 | Report Abuse

The price is suddenly pushed down... whereas Serba went to lowest 75 and could rebound to 77

Posted by Antfakeguru1 > 2021-06-04 16:56 | Report Abuse

Another knife

Posted by scenery > 2021-06-04 17:11 |

Post removed.Why?

Posted by Cakes Moon > 2021-06-04 17:28 | Report Abuse

Penny stock soon?

Posted by beyond2288 > 2021-06-04 17:32 | Report Abuse

what price ·can enter

Posted by Ekkram > 2021-06-04 18:39 | Report Abuse

Dropped from 2.10 to 1.12 for the last 4 weeks.. most likely will continue to drop next week, bullet loaded for any sign of reversal, right now still now the time. Plenty of time to buy later.