Posted by stockraider > 2021-05-29 12:03 | Report Abuse

Totally agree loh...instead of management trying to solve the problem & queries, they decided to sack the auditors loh!

Monday sure limit down loh!

Posted by Just88 > May 29, 2021 10:01 AM | Report Abuse

From an ex-auditor;

"My opinion on Serbak : The issues raised by KPMG are not actually only raised to the management on 3 May 2021. The date represents the official date to which the issues were brought to Serbak after months of deliberation but still remain unacceptable by KPMG. These audits were carried out as interim audit where the emphasis of the audit is on the authenticity of the transactions instead of the accounts itself. Audit procedures were carried out to verify the identities of the customers and suppliers and the nature of the underlying transactions. These procedures were normally carried out 3 months before year end account closing date. Therefore, the company and the auditors have been working on these irregularities found by the auditors for more than 6 months but unable to resolve the matters to the satisfaction of the auditors. From the company's announcement, it seems to most people that auditors are unreasonable in solving the matters but not to me. Auditors are generally tolerable and acceptable to explanations by the management but why aren't they towards Serbak ? As mentioned, KPMG have been its auditors since 2013, so the auditors is well aware of the businesses of Serbak. If they are not comfortable now, it only means that the risk involved is too big for them to tolerate now. Remember Transmile's auditors only raised the red flag after 3 years of audit. Personally, I agree with the irregularities found by the auditors and I found management responses hard to swallow."

Posted by brian3381 > 2021-05-29 12:05 | Report Abuse

Ally, r u ok?

Posted by Hotstuff > 2021-05-29 12:22 | Report Abuse

the funny thing in the stock market is when one person buys, another sells and both think they are the winner. the only winner in stock market is the one who walk away with the real profit

Posted by Bgt 9963 > 2021-05-29 12:35 |

Post removed.Why?

Posted by stockraider > 2021-05-29 12:43 |

Post removed.Why?

Posted by stockraider > 2021-05-29 12:54 | Report Abuse

U see karam...have 3 ships all burning, which ship he gonna to safe leh ??

1. Serba
2. Kpower
3. Scib

Posted by abang_misai > 2021-05-29 12:56 | Report Abuse

So free kah Stockrider? Tembak sana tembak sini? Hehe

Posted by stockraider > May 29, 2021 12:54 PM | Report Abuse

U see karam...have 3 ships all burning, which ship he gonna to safe leh ??

1. Serba
2. Kpower
3. Scib

Posted by stockraider > 2021-05-29 12:59 | Report Abuse

Ala machine gun & bullets mah!

Posted by abang_misai > May 29, 2021 12:56 PM | Report Abuse

So free kah Stockrider? Tembak sana tembak sini? Hehe

Posted by stockraider > May 29, 2021 12:54 PM | Report Abuse

U see karam...have 3 ships all burning, which ship he gonna to safe leh ??

1. Serba
2. Kpower
3. Scib

Posted by abang_misai > 2021-05-29 13:03 | Report Abuse

Haha. No need to keep frightening small shareholders here. Have some mercy.

Posted by stockraider > May 29, 2021 12:59 PM | Report Abuse

Ala machine gun & bullets mah

Posted by nmsfqi > 2021-05-29 13:10 | Report Abuse

Funny la stockraider. First of all, if you think this company is bad, what’s the purpose you’re here telling this and that? You have any shares here? If no, then why it bothers you? It has nothing to do with your money at all. Or you actually want to collect cheap? Buying stock need to summon force la what the crappy hell. You must be so stup*d that your brain stucked inside your a*s. Lolololol! If I ever know someone like you personally in my life, I’m sure I’ve spit on your face and let you be cursed until your grandchildren.

Posted by stockraider > 2021-05-29 13:13 |

Post removed.Why?

Posted by nmsfqi > 2021-05-29 13:19 | Report Abuse

Lolololol! Who are you to save us? Such a holy intention but doing so by being the devil? Is that how you were raised? Pity your parents. Why you have so much care at the first place if you’ve your own intention to collect more? Why you care so much about people’s money and the risk they’ve put if not for your personal gain? Hopefully for what evil intentions you have you’ll get even worse at some point in your life. Then you’ll remember what you did here. Brace yourself.

Posted by nmsfqi > 2021-05-29 13:21 | Report Abuse

stockraider Beware. You’ve position and interest in those plantation companies. We all hope it’ll bite you back soon.

Posted by Pington10 > 2021-05-29 13:30 | Report Abuse

Stockraider is only here because he is roasting Phillip, bragging how is Philip going to lose to him on the stock market

Posted by Rayyan > 2021-05-29 13:30 | Report Abuse

Wow. I come here for SCIB, just curious after i read kpower comments. Same people telling same shits about KPOWER, SCIB would sink because of SERBADK?. These people are the real kon.. Both SCIB and KPOWER doing well in their business and no issues with financial audit.. they have separate and independent management, system and auditer teams. why people replicate SERBADK issues to KPOWER and SCIB?. No need lah..

Posted by Citadel9999 > 2021-05-29 13:52 | Report Abuse

how how how, Monday drop or up???

Posted by Mazhar3192 > 2021-05-29 14:32 | Report Abuse

Karim buy2 ...pp price...price stabilize

Posted by nmsfqi > 2021-05-29 15:01 | Report Abuse

Lol! No wonder la stockraider is actually battling Uncle Phillip. stockraider is also an old wily man. Battling the man he believes his competitor to prove who’s right. Summon the force la those crappy things can only come from old people as what I first thought. Enough la uncle stockraider. Go and play with your grandkids la. Don’t let them pay for what you did for your own bad interest. Sooner or later it’ll bite you back or worst your family.

Posted by Ally Yee Min Ong > 2021-05-29 16:02 | Report Abuse

Brian, I'm good and fine. ^^

Posted by saidora > 2021-05-29 16:04 | Report Abuse

Karim bought Scib but not Kpower shares last Thursday and Friday. What is your comment?

Posted by Ally Yee Min Ong > 2021-05-29 16:09 | Report Abuse

I manage to average my cost at RM1.341 now. I will continue buy in next Monday. Don't follow me ya. I might be wrong.

Posted by questionmark > 2021-05-29 16:59 | Report Abuse

Sell accept the loss and chefkarim will buy low

Posted by Ally Yee Min Ong > 2021-05-29 17:00 | Report Abuse

Please watch the zoom meeting ya.

Posted by power88 > 2021-05-29 17:11 | Report Abuse

（吉隆坡29日讯）面对审计疑云，世霸动力（SERBADK，5279，主板能源股）认为，外部审计师毕马威（KPMG）的一些行为是“不正常的”。
集团董事经理兼总执行长拿督莫哈末阿都卡林博士在今日的记者会上揭露，毕马威在向管理层通报了有关审计事项之前，已提早向独立董事通报了相关事项。
“独立董事并未参与集团日常运作，他们无法对审计师的通报给予解释。”
阿都卡林进一步说明，审计师于今年4月中旬就向独立董事通报上述事项，但直到5月3日才通报予管理层；而这已经接近集团应该提呈年报的截止日期。
他因此认为上述行为是“不正常的”。
阿都卡林也强调，撤换外部审计师是世霸动力股东提呈的提案，并将由股东们，而不是管理层来决定。
当询及阿都卡林作为股东，对此提案的立场时，他并未透露自己的决定：“根据我的经验，这是个保密的决定，我会在当天投下我的决定。”
根据马交所最新的数据显示，阿都卡林目前持有世霸动力26.932%股权；而昨日提呈撤换毕马威动议的非独立非执行董事拿督阿都卡迪建议，持有15.96%股权。
撤换外部审计师动议，需简单股权多数通过。

Posted by brian3381 > 2021-05-29 17:20 |

Post removed.Why?

Posted by Ally Yee Min Ong > 2021-05-29 17:24 | Report Abuse

Because i always wrong. Don't follow me ya. ^^

Posted by power88 > 2021-05-29 17:30 | Report Abuse

transmile..i think no la

Posted by abang_misai > 2021-05-29 17:31 | Report Abuse

Nobody that includes WarrenB & Coldeyes can win all the time.

Posted by Ally Yee Min Ong > May 29, 2021 5:24 PM | Report Abuse

Because i always wrong. Don't follow me ya. ^^

Posted by power88 > 2021-05-29 17:31 | Report Abuse

only 2 big boss fighting

Posted by power88 > 2021-05-29 17:32 | Report Abuse

no need so worry la

Posted by brian3381 > 2021-05-29 17:38 | Report Abuse

No wory? U think minoritoes hard earn money like water ah?

Posted by ukoris > 2021-05-29 17:40 | Report Abuse

Monday I will buy the dip for kpower and scib. The auditor thing was a nothingburger.

You guys better buy too. It's on a deep discount right now because IBs panic without really thinking/investigating themselves.

Thank me later. Screenshot this.

Posted by brian3381 > 2021-05-29 17:43 | Report Abuse

U think stil got opl pushup high for u to win big? Haha. Reputation tarnish

Posted by Ally Yee Min Ong > 2021-05-29 17:47 | Report Abuse

Brian3381 used to be a big fan for both Kpower and SCIB. But after he sold off all his stake, he start to putting every comment negatively ya.

Posted by brian3381 > 2021-05-29 17:49 |

Post removed.Why?

Posted by brian3381 > 2021-05-29 17:50 | Report Abuse

U know ka. I die die keep kpiwer. Unitl i kniw serba case. I hv to unload to protect my gain

Posted by brian3381 > 2021-05-29 17:51 | Report Abuse

Even drop back 50sen whick is equivalent to rm2. i oso wont buy back. Reputation tarnish

Posted by Ally Yee Min Ong > 2021-05-29 17:52 | Report Abuse

You are a good kind person ya by spending your weekend time to warn everyone here. ^^

Posted by brian3381 > 2021-05-29 17:53 | Report Abuse

I dun expect i earn more in scib than kpower haha

Posted by Ally Yee Min Ong > 2021-05-29 17:53 | Report Abuse

I always loss money in share market. So, please don't follow me ya. You might loss everything if follow my foot step.

Posted by brian3381 > 2021-05-29 17:55 | Report Abuse

Yeka. U so bad luck ka

Posted by Ally Yee Min Ong > 2021-05-29 17:59 | Report Abuse

Only time will tell who is right and wrong ya.

Posted by Yu_and_Mee > 2021-05-29 18:05 | Report Abuse

Just my own thinking and what I'm doing, sell and don't ever come back. Forget about Dato Karim's 3 horses. By seeing the price stagnant for some time, I sold off quite some time ago because I got the feeling they will be the same pattern like Serbadk price movement. I quoted myself very lucky. After sold off, even seeing price likely to move upward, I also ignore them because I still strongly believe both kpower and SCIB stocks price will be like Serbadk. After long way up, stagnant for years. My profit on kpower and scib reduced a lot when not selling off at peak in Jan. But still manage to exit before this news out, else even more painful. Might end up with penny profit.

Reputation is not easy to build but easy to damage. Once damage it will take few times of effort did previously to gain back the confident. Just like you are building an apartment. Damage is always easy if not taking serious precaution of each activity in building up.

Posted by brian3381 > 2021-05-29 18:06 | Report Abuse

Damage is damge. No one wil buy in for u to run.

Posted by Yu_and_Mee > 2021-05-29 18:08 | Report Abuse

Ally is really excellent in picking up good stocks. She is great in that.
But follow or not, is our own decision. Don't be personal attack. We are adult, so always be kind to others, say good words, do good things to gain more good karma.
Don't be a short happy to be keyboard master shooting others like you are the best of the best or the only on the earth. Remember, if you are the only on the earth, you will also die eventually and guarantee you are not happy being alone on earth.

Posted by Ally Yee Min Ong > 2021-05-29 18:10 | Report Abuse

Brian, I just noticed you did text me once to ask for my hidden gem stock. You should feel grateful because I didn't reply to you, or else you may suffer losses in that stock.

Posted by Ally Yee Min Ong > 2021-05-29 18:16 | Report Abuse

Here is the zoom meeting link ya.

https://drive.google.com/file/d/1Pbgl6PoihETa0nmF2gKh9gvot09VhYD5/view?usp=drivesdk

Posted by abang_misai > 2021-05-29 18:36 | Report Abuse

Karim & his team explained well during the PC. Thanks for sharing the link.

Posted by Ally Yee Min Ong > May 29, 2021 6:16 PM | Report Abuse

Here is the zoom meeting link ya.

https://drive.google.com/file/d/1Pbgl6PoihETa0nmF2gKh9gvot09VhYD5/view...

Posted by power88 > 2021-05-29 19:46 | Report Abuse

（吉隆坡30日讯）遭外部审计师毕马威（KPMG）质疑账目问题而闹得满城风雨的Serbadk控股（SERBADK，5279，主要板能源），特别召开线上记者会澄清毕马威提出的疑问。同时也指出毕马威直接通报法定审计事项的做法，实则不寻常。



Serbadk控股董事经理兼总执行长拿督莫哈默卡林周六（29日）临时召开线上记者会指出，毕马威针对Serbadk控股5大审计事项提出疑问。其中包括：

1.外部客户关于销售交易，应收账款和余额相关的客户确认。

2.本地供应商的采购交易和应付账款余额。

3.在西亚巴林的客户和供应商公司搜索问题。

4.贸易应收款余额和销售交易中IT合同的合法性。

5.其他未决事项

Serbadk控股总财务长阿兹汉指出，毕马威于今年4月中旬就越过Serbadk控股管理层，事先将以上法定审计事项通报给独立董事，5月3日才通报管理层。

对此卡林指出，若审计出现问题，毕马威理应先向管理层提出疑问，因此认为后者的做法其实不寻常（Abnormal）。

“而且针对毕马威提出的这5大审计事项疑问，我们早于5月6日召开了董事会议做出澄清，当时毕马威的代表也有出席，他手上也有我们这份解释的演示（presentation）文件。”

此外，毕马威历年来一直是Serbadk控股的外部审计师。当媒体询问为何早年没相关问题，如今毕马威却骤然对Serbadk控股的账目提出法定审计事项的问题时，卡林回应道：“我们也很纳闷，这一点，恐怕要问毕马威。”

但期间卡林也特别强调，毕马威的审计疑问中不存在集团所获项目的真实性，以及项目价值虚实的问题。

他指出，相关完整解释文件已于周五（28日）较晚提呈马证交所。


针对Serbadk控股建议召开特大，撤换外部审计师毕马威，卡林指出，作为管理层，他只是将股东的请求提出来。

Serbadk控股周五（28日）稍晚向马证交所报备，收到大股东兼董事拿督阿都卡迪发出的特别通告，建议根据2016年公司法令召开特别股东大会，撤换审计师。

阿兹汉指出，一般上只要股东发出特别通告，两周后就会举办特别股东大会，预计落在6月28日或29日。

阿都卡迪是Serbadk控股的股东之一，持有15.96%股权，他同时建议撤除毕马威，并委任德豪（BDO）为截至2021年6月30日财年的外部审计师。

德豪目前是全球第5大审计师，排名仅在毕马威之后。

但据小股东监督机构（MSWG）最新文告指出，该机构呼吁Serbadk控股小股东反对换审计师提案。

“作为良好监管的一部分，毕马威应该被允许完成他们的工作，并在来届股东大会向股东们作出汇报。”

该机构认为，既然Serbadk控股将委任独立审计师来评估审计通报事项的真实性和准确性，那毕马威也应该被允许出面捍卫及解释自己自己的审计结果。

“当下并没有即刻移除审计师的需要。”

许多小股民都担心该起事件会对公司股价带来崩跌冲击，对此，卡林指出他已尽力做出解释，希望可解除投资者的疑虑。同时也强调已停牌两日的Serbadk控股，周一（31日）将恢复正常交易。

针对该起事件会否重挫投资者信心，卡林指出，Serbadk控股拥有强而有力的基本面，因此相信独立审计师了解介入后，会解决相关问题。

“但是目前尚未委任独立审计师，对此仍需得到股东的议决。”

此外，对于Serbadk控股为何将财政年从2020年底改至2021年6月底，总财务长阿兹汉解释，这主要因为受疫情冲击，集团没有足够时间完成审计，故将财政年延后。

Serbadk控股是于本月7日向马证交所报备延后财年的消息。

Posted by questionmark > 2021-05-29 21:49 | Report Abuse

Very good deal if can catch at rm1, park 3 to 6 mths. Thanks to cartel trying to bring down karim.bring it on!!vamos!!