Answer apa, from 2.10 to 1.12 in 4 weeks timeframe despite of so call ‘good qr’ that is already alarming. No need to explain next house currently on fire la brader. Currently no sign for reversal, still searching for rock bottom foundation.
to all kpower & SCIB shareholders, please go through in detail below KPMG query & Serba's reply. Details appears to be not that bad at all for SD....i see kpower and scib does not at all deserve this level share price punishment
Just read so called own-published report by Calvin. He arrogantly claimed kpower reporting is fishy by JUST looking at the increase in revenue and debt for past 9 months. Bro, u should look how the company expand their business by securing multiple projects and assets in the 9 months period. Debt is required for business expansion.. revenue of course have to increase as debt increase.. is the increase are unbelievable?. Read company business and prospects bro. No need to hustle publish simple intern report.
Calvin may is fund group people lai Where got people always give free advice Nothing is free in this world. He also wanna 海底捞 buyer dips from ur stock ^^ Why he dont want comment other counter , always kpower. Sure he is interest this Kpower !
BE VERY CAUTIOUS WHEN U BUY INTO SHIT SERBA, KPOWER & SCIB LOH!
These are some dangerous signs now appearing in Serba
1) Auditors are Flagging Red Flags
A Post investigation reveals a perfect storm in China’s manufacturing industry, with consultants helping factories receive a passing grade from auditors by covering up malfeasance. Illustration: Henry Wong
Above refers to Corrupt Auditors which money can buy
Thank God, KPMG PLT the whistle blowing Auditors Is Upright & Righteous
THUMBS UP TO KPMG!
WELL DONE!!!
So Now We See Lots of Hidden Worms Coming out of the Cans.
2) See Some Fellow i3 Forum Comments
Blog: Serba Dinamik: In search of total solutions to address KPMG’s red flags
Posted by sense maker > May 31, 2021 3:35 PM | Report Abuse
The solution is dissolution of the company. When figures are so materially inflated or fake, the company is worth nothing. We are gonna see RM0.15-0.30 a share for all 3 companies of serba, kpower and scib.
A check with Sense Maker i3 forum history shows that he 1st joined i3 forum in January 2013 (9 months before i joined)
To have survived the shark and crocs infested stock market these 8 years show that he has been very careful & watchful of his investments while so many have fallen prey and perished. Many other Careless & Heedless Punters & Traders No longer in i3 after having lost everything & gone bankrupt
Let us do a breakdown of when Sense Maker posted
Posted by sense maker > May 31, 2021 3:35 PM | Report Abuse
The solution is dissolution of the company. When figures are so materially inflated or fake, the company is worth nothing. We are gonna see RM0.15-0.30 a share for all 3 companies of serba, kpower and scib.
1) When figures are so materially inflated or fake, the company is worth nothing.
He said Serba accounts are inflated & fake & the company is worth nothing
2) We are gonna see RM0.15-0.30 a share for all 3 companies of serba, kpower and scib.
He said Serba, Kpower and Scib are worth only 15 sen to 30 sen?
WoW! That is a great judgement
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
May 31, 2021 9:40 AM | Report Abuse
First limit down, two more to come.
Stock: [KPOWER]: KUMPULAN POWERNET BHD
May 30, 2021 1:27 PM | Report Abuse
Triple limit downs are expected.
WOW! Sense Maker expects Kpower to limit down 3 times!!
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
May 29, 2021 2:15 PM | Report Abuse
Same tactic is used in kpower and Serba. Bloated Receivables and huge bank borrowings. Fair value of this kind of companies is minimal. RM0.20-0.30, max.
Stock: [KPOWER]: KUMPULAN POWERNET BHD
May 29, 2021 12:22 PM | Report Abuse
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.
So his comments piqued my interest
That Triggered Calvin's own Investigations into the Accounts of Serba, Kpower & Scib
Only Serba got account in discrepancy(Only 5-10 percent of the account numbers not total).Other not related also get bash.But expect this counter below rm 1 then collect.Other collect starting from rm 1.30 and below no need scare.All of Karim.company different accounting firms.Not related.But rm 1.80 valuation by me in the future.
Cannot be over punished, if it is fake account it is likely lead to bankruptcy nowhere to escape with current heavy interest paying debts of more than Rm 3b loh....!!
Posted by Stockisnotfun > Jun 5, 2021 12:06 PM | Report Abuse
See people simply comment here will limit up or down. If you don't say then I might misunderstood your are the sharks here who pretend by small ikan bilis.
Director can lie to us but not auditor because they were pay to do the job. If they can choose they can just close one eye and open one eye. Why go so much trouble to raise this red flag to independent director without going through company management board first? Who want to work extra mile like this? All the questions raised by KPMG are valid by the way.
Reputation is the most ultimate important in social, be it individual or company VIP. Earning reputation needs time, it's not easy. When the reputation gone, no matter how much you try to recover, it will still a damage hit. Even Kpower and SCIB in future can be 2x or 3x or even 10x, I will never touch. I rather to miss because you never know when you will get surprise again. Same goes to Serbadk. This happen to some of the tycoons. I might be wrong but I just don't like all Vincent Tan and Shed Mokthar. I only love Maybank because Maybank is the most secure. I love doesn't mean I will buy, don't get me wrong. Don't like doesn't mean I will not buy.
These days investors won't look at the fundamental of Kpower or SCIB. What they worry now is Kpower and SCIB both are connected with Karim and most of the big projects received by Kpower and SCIB are largely from associates that connected with Karim.
No need to look at fundamental la brader from 2.10 to 1.12 in 4 weeks time is already alarming, without KPMG exposing next door are on fire, those insiders already start selling living behind bilis wondering about. As long no reversal sign, better stand aside watch first la. Plenty of time to enter.
If that is still not alarming, look at the recent despite so called ‘good qr’ the traded price closed at 1.12 level on Friday. You think it just dive / sideways for no reason? Think about it la brader. Something to be sorted out first before can make reversal.
Management revealed that the Block 7 project (Figure 3) is led by renowned Gulf businessman, HE. Eng. Salah Salem Al-Shamsi. He is the Chairman of LIWA Group, which is one of the leading general trading companies based in Abu Dhabi. LIWA supplies chemicals, engineering products and major equipment to industries such as O&G, utilities, petrochemicals and construction. Salah Salem is also one of the members of United Arab Emirates (UAE) royal family, and a key figure behind the establishment of Abu Dhabi National Oil Company (ADNOC). Lastly, Salah Salem spearheaded the development of Saadiyat Island at Abu Dhabi (acreage: 27km2 ) in 1999 This resort island is a world-class tourism-cultural hub with leisure, residential, business and cultural components. This reinforces his track record in development of major infrastructure projects, similar to Block 7. Bulk of Revenue Will Flow-In by Mid-2021. Development of Block 7 will be spread over four phases. Meanwhile, physical construction works for Block 7 are slated to commence in mid-2021. Correspondingly, the bulk of project revenue will be recognized during this phase. Additionally, working capital requirements are expected to peak later in 2022 to RM500mn p.a. Management is confident of funding this via internal monies, claims invoiced to Block 7, and debt financing (i.e. unutilized i-Sukuk and credit facilities totalling RM2.3bn). Given the robust gross profit margin of 20% for this project, management may even plough back profits to fund working cap.
Block 7 Innovation Hub 的大老板是 HE. Eng. Salah Salem Al-Shamsi. 他是Liwa Group和Block7 Investment LLC的总裁。他也是UAE的皇室成员。
choyyeelun@...is it worth the risk? Definitely u cud not buy the lowest n neither u cud sell the highest price of the day...just 5 -6cts profit the most if u are lucky...able to cabut in time
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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....
Ekkram
763 posts
Posted by Ekkram > 2021-06-04 18:40 | Report Abuse
*still not the time