Posted by josephn > 2021-12-10 13:14 | Report Abuse

Kpower without Serbadk insert revenue = rubbish stock. Do you think shoplot company without engineer and building equipment can build big power plant? Doubt that Serbadk could pay their employees now, they have spent money for useless war to sue this and that, which cost large amount of money for useless lawyer, useless directors, media press, bribe political party until cannot pay their own debt

Posted by AnsonLiew > 2021-12-10 14:24 | Report Abuse

gg lo

hahahahahaha

Posted by citadel888 > 2021-12-10 14:25 | Report Abuse

mana Calvin, he proudly add more at rm 0.6, now 0.4 he takut???

Posted by leno > 2021-12-10 14:28 | Report Abuse

nta 31 sen only
fake nta some more.

Posted by newtrader1989 > 2021-12-10 15:04 | Report Abuse

I have been warning all since long time even when the global warming guy Calvin was doing promotion. Lolz see now

Posted by newtrader1989 > 2021-12-10 16:55 | Report Abuse

Nice closing hahaha. More to come next week

Posted by citadel888 > 2021-12-10 16:55 | Report Abuse

down to 0.2

Posted by newtrader1989 > 2021-12-10 16:59 | Report Abuse

0.2 is still very overvalued

Posted by newtrader1989 > 2021-12-10 17:04 | Report Abuse

The fair value is 20c before the bonus issue. Currently trading at 1.60 before bonus which is super overvalued

Posted by newtrader1989 > 2021-12-10 17:36 | Report Abuse

The price in April 2019 was only abt 6c to 7c. Will retest this level as everything have to assume no serba in the picture. Serba is confirm close shop just a matter of time

Posted by Prudentinv > 2021-12-10 20:43 | Report Abuse

So many waiting for cheap stock. I am also waiting for that.

Posted by Benhobenhobenho > 2021-12-10 21:09 | Report Abuse

The only worry is will this stock go the way of serbak n scib. Can the accounts be trusted n verified by auditor. Hope it won't be like serbak with auditing issues

Posted by gemfinder > 2021-12-10 21:22 |

Post removed.Why?

Posted by Karlos > 2021-12-11 10:06 | Report Abuse

Don't be surprised if the reality in KPower will turn out to be as bad if not worse than that of Serba Dinamik!

Posted by stockraider > 2021-12-11 16:21 | Report Abuse

JUST STAY AWAY FROM PEOPLE THAT HAVE DOUBTFUL CHARACTER MAH!

Posted by stockraider > Dec 11, 2021 4:13 PM | Report Abuse X

THE BOND DEFAULT ARE A GREATER PROBLEM THAN SERBA AUDIT ISSUES, ALTHOUGH BOTH ARE RELATED MAH!

KUALA LUMPUR: Engineering services company Serba Dinamik Holdings Bhd has been downgrade by S&P Global Ratings. The global rating agency downgraded Serba Dinamik to ‘D’ on the missed coupon payment of its sukuk.

It said the downgrade reflects the rating agency’s view that the company would generally be in default of its debt obligations after it failed to meet its missed coupon payment within the stated grace period of 30 days.

“The grace period expired on Dec 9, 2021.

“We lowered the issuer credit rating to ‘D’ from ‘CC’ because the default on its US$222mil (RMRM937mil) sukuk due May 2022 is likely to trigger a cross-default on its US$180mil (RM760mil) sukuk due March 2025 as well as long-term banking facilities.

“We estimate 70% of the company’s total outstanding debt as of Sept 30, 2021, could be liable for immediate repayment,” it added.

The company’s missed US$7mil (RM30mil) coupon payment on its sukuk indicates that the it is unable to remain current on its debt obligations. After a partial repayment of US$500,000 (RM2.1mil) on Nov 23, the current outstanding coupon payment due is US$6.5mil (RM27.4mil).

“In our view, its ensuing court proceedings with ex-auditor KPMG PLT, stock exchange Bursa Malaysia and special independent auditor Ernst & Young Consulting Sdn Bhd would further hinder its access to external capital funding.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

“In the meantime, we expect the company to face a continued cash drain from its working capital-intensive operations over the next 12 months. This would further deplete its reported cash balance of RM290mil as of Sept 30, 2021.

“This cash balance is dwarfed by the company’s sizable RM1.48bil of debt maturing over the next 12 months, which is largely made up of a RM99mil syndicated loan amortisation payment due in December 2021, RM100mil of commercial paper and the US$222mil (RM937mil) sukuk. Both the commercial paper and sukuk are due in May 2022,” S&P Global said.

The company also has an upcoming coupon payment due on its outstanding US$180mil (RM760mil) sukuk in March 2022.

Meanwhile at the home front, Malaysian Rating Corporation Bhd (MARC) has also issued a downgrade on the company’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.

Serba Dinamik’s Islamic Commercial Papers (ICP) rating remains at MARC-4IS which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100mil ICP.

“MARC’s downgrade action is premised on the missed semi-annual coupon payment of US$7mil (RM30mil) on the outstanding US$222mil (RM937mil) senior sukuk issued by Serba Dinamik’s wholly-owned indirect subsidiary, SD International Sukuk Ltd,” it said in a statement.

The coupon payment was due on Nov 9, 2021 and the company confirmed that no payment was made during the 30-day grace period which ended on Dec 9, 2021.

As a result of this default, there is now an increasing likelihood of a cross default trigger under the IMTN and ICP programmes. Should sukuk holders declare an event of default, the ratings of both programmes will be downgraded to DIS,” it said.

Posted by newtrader1989 > 2021-12-12 00:26 | Report Abuse

Monday gap down opening. ...

Posted by wongchin > 2021-12-12 13:04 | Report Abuse

Next week testing testing testing 123 for 35.

Posted by AnsonLiew > 2021-12-12 13:20 | Report Abuse

ok next year 10sen

Posted by shpg22 > 2021-12-12 20:58 | Report Abuse

Is like rubbish with cash.

Posted by newtrader1989 > 2021-12-13 16:11 | Report Abuse

Last week to sell off at a very premium condo price of 40cents.

Posted by whcheong71 > 2021-12-13 22:44 | Report Abuse

bladdy conman stock

Posted by whcheong71 > 2021-12-13 22:53 | Report Abuse

spit on him

Posted by InsiderShark > 2021-12-14 08:24 | Report Abuse

#TangkapKarim

We need to organize a protest outside of Serba's Shah Alam office.

Posted by cicakman > 2021-12-14 08:47 | Report Abuse

Karim sudah cabut.Run lor!

Posted by LossAversion > 2021-12-14 08:51 | Report Abuse

No need to run. Just wait for someone else to take over!!

Posted by newtrader1989 > 2021-12-14 09:05 | Report Abuse

Suspensed lolz

Posted by bojed > 2021-12-14 09:09 | Report Abuse

KPOWER - Trading Halt and Resumption of Trading
KPOWER BERHAD

Kindly be advised that trading in KPOWER's securities will be halted with effect from 9.00 a.m., Tuesday, 14 December 2021.

Trading in the Company's securities will resume with effect from 10.00 a.m., Tuesday, 14 December 2021.

Your attention is drawn to the Company's announcement dated 13 December 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3218385

Dato' Karim has officially stepped down from his position as KPower's chairman.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3218373

Posted by newtrader1989 > 2021-12-14 09:12 | Report Abuse

Offcourse, he wanna run. Road to fair value starts 10am

Posted by bojed > 2021-12-14 09:12 | Report Abuse

I never knew it would be this exciting waiting for 10am to come LOL!

Posted by newtrader1989 > 2021-12-14 09:20 | Report Abuse

Lolz already warned so much yesterday

Posted by bigby7 > 2021-12-14 09:36 | Report Abuse

It's time to skyrocket

Posted by superrr > 2021-12-14 09:37 | Report Abuse

Shyrocker to longkang.....

Posted by niktraderinvestor > 2021-12-14 09:39 | Report Abuse

Karim resign .. huatt ah

Posted by superrr > 2021-12-14 09:41 | Report Abuse

Same as sd before , big kaki keep selling...it is a warning sign..

Posted by everest29029 > 2021-12-14 09:43 | Report Abuse

if the price can shoot up, better for karim to exit SD & Scib completely. busuk already...

Posted by xiaoeh > 2021-12-14 09:43 | Report Abuse

Will share price go back to preKarim level?

Posted by xiaoeh > 2021-12-14 09:45 | Report Abuse

Share price shoot to the moon because of Karim painted a wonderful picture for all three Kpower, SCIB & SD.

Posted by InsiderShark > 2021-12-14 09:46 | Report Abuse

when a bad cook left the kitchen, does it mean the food automatically becomes good? whatever he cooked is still in the kitchen/menu. unless the new cook comes in a clean the kitchen, it will still have bad food.

Posted by superrr > 2021-12-14 09:46 | Report Abuse

Rocker to longkang...

Posted by leno > 2021-12-14 09:53 | Report Abuse

...the Company has agreed to indemnity its auditors, Al Jafree Salihin Kuzaimi PLT, as part of the terms of its audit engagement against claims by third parties arising from the audit (for an unspecified amount).

(page 77 annual report)

Posted by InsiderShark > 2021-12-14 09:56 | Report Abuse

@leno

this means the auditor also scared to sign off. I dont know what is this, it is like KPower is the auditor. wtf, this is BS to the max. That means Al Jafree Salihin Kuzaimi PLT can sign off regardless of the accuracy as KPower guarantees them of any liabilities.

Is this even legal?

Posted by linheng > 2021-12-14 10:01 | Report Abuse

KPower sold.

Posted by Legend > 2021-12-14 10:07 | Report Abuse

Cabut...take profit 0.55....tq.

Posted by imvu > 2021-12-14 10:09 | Report Abuse

tak percaya lah boleh naik ni , mesti tipu tipu

Posted by troy88 > 2021-12-14 10:10 | Report Abuse

Con man stock. Suddenly pumped up and then sharks will cabut. This process has been repeated many times..

Posted by imvu > 2021-12-14 10:10 | Report Abuse

limit up ?

Posted by bojed > 2021-12-14 10:11 | Report Abuse

Bought the warrants at 0.11 and sold all at 0.155.

+40% in 8 minutes LOL!

Posted by izoklse > 2021-12-14 10:11 | Report Abuse

Finally no more Karim. KPOWER can fly.

Posted by beaver > 2021-12-14 10:12 | Report Abuse

tengah cuci tu. careful

Posted by imvu > 2021-12-14 10:12 | Report Abuse

kpower-wa menarik .