Waiting for the next quarterly result and let the investors decide. I am pretty optimistic. I am happy that the market has absorbed the terrible news flow in May 2021 regarding the majority shareholder. We will soon the light at the end of the tunnel. The media has finally stopped focusing the limelight on it
The U.K.’s Financial Reporting Council filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees of the accounting firm over past audits of two U.K. companies.
KPMG and the charged individuals provided “false and misleading information” and documents to the FRC during its review of two KPMG audits, the regulator said in a statement. One was a 2016 audit of now defunct contractor Carillion Plc and the second a 2014 audit of Regenersis Plc, the regulator said.
Markets SCIB: Bags RM80m contract to build specialist hospital in Johor. Sarawak Consolidated Industries (SCIB) has bagged an RM80m contract from Kencana Healthcare SB to supply medical equipment for a specialist hospital in Johor. SCIB said it had on Sept 1 accepted a letter of award for procurement, supply, installation, testing and commissioning of medical equipment for proposed development of specialist hospital. The company said the contract was for a minimum 10 years and should be mutually extended for another five years from the date of full completion of the project. (Business Times)
Touched 0.60 but my order not matched yet... today will try queue at 0.59 since there is forced selling at SD.... if force selling continues today, may get 0 59 or lower
---------- quote ----- Stock: [SCIB]: SARAWAK CONSOLIDATED INDUSTRIES BHD
Jul 26, 2021 10:19 PM | Report Abuse
Finally scib get loss. Bye bye. KPMG memang ajar Karim betul-betul, Power la auditor as today scib share drop to 0.67 ..... market tell everything......
---------- quote ----- Stock: [SCIB]: SARAWAK CONSOLIDATED INDUSTRIES BHD
Jul 26, 2021 10:19 PM | Report Abuse
Finally scib get loss. Bye bye. KPMG memang ajar Karim betul-betul, Power la auditor as today scib share drop to 0.67 ..... market tell everything......
If not, SCIB could be abit tight with their cash flow to run their projects. When PP was proposed for this round of PP, the price was around RM1.548 and SCIB planned to raise RM227.8 million (see the Edge 3/5/2021).
After the news, the price of SCIB dropped to the price where the 10 - 20% discount made the PP shares RM0.58. Based on that, it looks like SCIB iwill only manage to get about one third of what SCIB planned to raise and that, too, if PP was fully subscribed.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 735 views | 4 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 14283 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Risk Trader
3,942 posts
Posted by Risk Trader > 2021-08-27 08:34 | Report Abuse
PP price is only 58 cent..