Posted by robertzz > 2021-06-02 18:57 | Report Abuse

hello.. you sure what you are talking about bo.. dont just simply jump the gun

Posted by robertzz > 2021-06-02 18:58 | Report Abuse

everyone can dig, no people stopping them.. but how you going to relate Serba with scib and kpower? because of Karim?

Posted by robertzz > 2021-06-02 18:59 | Report Abuse

tho even karim is the MD, but those 3 company basically have 3 different team of BOD and management team

Posted by robertzz > 2021-06-02 19:00 | Report Abuse

you think the others (scib and kpower) will follow step from Serba? if they really did.. unless you prove it black and white here

Posted by m_aloha > 2021-06-02 19:34 | Report Abuse

Audit concerns finally to clear up. Kpmg stay..blame to pandemic lol

Posted by robertzz > 2021-06-02 19:35 | Report Abuse

maybe you dont even know how to differentiate management team and BOD.. no people blaming you

Posted by invest_malaysia > 2021-06-02 20:02 | Report Abuse

Market is all about sentiment. Serba got problem, kpower and scib also will drop. Same like topglove. When topglove kena ban, other glove counters will drop as well. Maybe you don’t even know the basic of investment. Just look at the surface things onky. No people blaming you. Blame yourself for losing money

Posted by robertzz > 2021-06-02 20:11 | Report Abuse

ooh yaa.. izit? maybe you dont even know what is happening for Serba.. hahaha.. dont act smart here

Posted by AnsonLiew > 2021-06-02 20:12 | Report Abuse

u guys very funny Lol

when tis stock go up u all said bcause of karim, serbadk give huge project

when serbadk got problem

u all said no lah scib difference with serbadk
different management la , karim not involve in scib daily management la


tis one something like u ask a god, when the god say good think u all believe, when god say bad think u all will ignore many excuses la


haha haha haha haha haha

Posted by AnsonLiew > 2021-06-02 20:12 | Report Abuse

betul betul pusing baby punya perut ada tahi

Posted by invest_malaysia > 2021-06-02 20:19 | Report Abuse

Hahahahhaha

Posted by robertzz > 2021-06-02 20:26 | Report Abuse

hahahaha.. rest assure that will be not me..

Posted by robertzz > 2021-06-02 20:27 | Report Abuse

no need try to manipulate something.. dont later kena fake news law then Masuk lokap.. hailat

Posted by Bgt 9963 > 2021-06-02 20:30 |

Post removed.Why?

Posted by AnsonLiew > 2021-06-02 20:34 | Report Abuse

NO fund manager would dare to buy Karim related stocks anymore…
This event will be remembered forever…so it’ll either flat or further down due to sell down…
or Karim will put bait for retail investors to fall into the trap again.. So don’t fall into the trap guys..

Posted by invest_malaysia > 2021-06-02 20:45 | Report Abuse

There’s many good construction companies out there. Why choose this fishy company

Posted by sarawakconso > 2021-06-02 20:52 | Report Abuse

ok la asson ...instaed of ranting away on a downtrend stock like a dog on a leach why dun you put your " 10 years so called experience to test" guide investors here how to make up for this temporary setback....i dun see u barking mongrel in genting ..henyuan dialog drb..mbm axiata forum...to mention a few... aiyaa get your act together instead of telling everyone here " i told you so "

Posted by Bgt 9963 > 2021-06-02 21:14 |

Post removed.Why?

Posted by agate > 2021-06-02 21:53 | Report Abuse

news terkini..all is ok..just wait n see

Posted by Nightkid99 > 2021-06-02 22:36 | Report Abuse

If SCIB have problem. Why didn't KPMG mentioned SCIB too in the first place?

Why KPMG need to go through one by one? If both company have the same issues, why not settle both company, why need to wait for SERBADK first?

Posted by robertzz > 2021-06-02 22:39 | Report Abuse

someone mentioned he got first hand info ma.. asked him to prove then pushing sini pushing sana..

Posted by Nightkid99 > 2021-06-02 22:56 | Report Abuse

Plus, dato abdul kadir withdrawn his proposal to change auditor meaning serbadk is still with kpmg, and he confidently add 5 million more share. Thats something.

This would be a good news to those who hold.

Im no one. Dont take my comments too deep. Just sharing my thoughts.

Posted by robertzz > 2021-06-03 07:09 | Report Abuse

better watch up with your info, fake news law mari.. kasi lokap.. that time I will just laughing non stop hahaha

Posted by Bgt 9963 > 2021-06-03 08:32 |

Post removed.Why?

Posted by birdparadise > 2021-06-03 09:37 |

Post removed.Why?

Posted by robertzz > 2021-06-03 10:07 | Report Abuse

FGV? palm oil price so high but still cant make good profit.. what a joke, kudos to the management

Posted by MasterYoda > 2021-06-03 10:28 | Report Abuse

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

Posted by invest_malaysia > 2021-06-03 10:36 | Report Abuse

If want plantation better go for Genting plantation lo. Fgv is a joke

Posted by robertzz > 2021-06-03 10:56 | Report Abuse

that why, if FGV is a joke and the person who keep promote FGV is ??? joker????

Posted by invest_malaysia > 2021-06-03 11:48 | Report Abuse

Aiyo, backed by government ma. Take salary and do nothing lo. Rilak je

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

Merah sudah start . Hold u mati lepas u cedera saja mana u mau.

Posted by questionmark > 2021-06-03 12:56 | Report Abuse

haiya master yoda, the writer of the article is still a kid loh

Posted by Davidl > 2021-06-03 13:19 | Report Abuse

Time to accumulate!

Posted by robertzz > 2021-06-03 14:12 | Report Abuse

Calvin.. dont just simply.. please prove that scib related to Serba.. else just keep quite and walk off..

Posted by robertzz > 2021-06-03 14:20 | Report Abuse

ask to prove cant prove pula.. Adui.. orang ini betul betul tak malu

Posted by Bon888 > 2021-06-03 15:52 | Report Abuse

Trade Receivable ballooned 1000% compare to last year with negative cash flow. Something investors have to worry.

Posted by just_startrade > 2021-06-03 17:49 | Report Abuse

let dato' and the geng do his job. no need to speculate. we just sit and rilex. TAYOR.

Posted by MasterYoda > 2021-06-03 18:19 | 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 18:25 | 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 alphajack > 2021-06-03 18:26 | Report Abuse

A lot of the newbies and uneducated fellas here gonna kena burn again thinking it is cheap now. Go look at balance sheet and cashflow statement. Same pattern as Serba and tell me how many RPT since Karim came in? Whole story also fake as hell la. but maybe 30-40c a share ok la wont go to zero. Just not at current inflated price once truth goes out kakakakakaakaka

Posted by alphajack > 2021-06-03 18:29 | Report Abuse

Where Anson? Wanna congratulate him. This stock will 50-60c very soon once all their crimes leaked out. Anson tembak from before but finally right. He found a scam co!

Posted by invest_malaysia > 2021-06-03 18:34 | Report Abuse

Ya lor. So many receivables. Very fishy

Posted by AnsonLiew > 2021-06-03 19:14 | Report Abuse

i test positive covid now guarantee

betul betul bad luck very terrible in. my.area

i take rest no.more action here stop for while

Posted by LossAversion > 2021-06-03 19:20 | Report Abuse

Anson gains 2 most actives - covid and SCIB

Posted by limkokthye > 2021-06-03 19:30 | Report Abuse

keong gan liao tio covid 19

Posted by HaroldHuong > 2021-06-03 19:31 | Report Abuse

Anson from where? Selangor? Take care lah

Posted by invest_malaysia > 2021-06-03 19:34 | Report Abuse

Take care ansonliew

Posted by Mazhar3192 > 2021-06-03 20:28 | Report Abuse

Thanks god

Posted by invest_malaysia > 2021-06-03 20:52 | Report Abuse

Very fishy management

Posted by invest_malaysia > 2021-06-03 20:52 | Report Abuse

Avoid at all cost. But can fast in fast out