Continued profit growth fails to support Serba Dinamik share price, why?
Weak Balance sheet...
Inventories - RM 1.88 billions Meanwhile, inventories swelled to RM964 million or over 100% in the period, bringing the total to RM1.88 billion. It was up by another RM217 million in the latest quarter.
Trade Receivable - RM1.92 billion Trade and receivables expanded by RM665 million or 53% since the end of 2019 to RM1.92 billion as at end-March. However, the amount was up at a much slower rate of RM56.3 million in the quarter under review
>Most of the Investment banks fund had unloaded Serbak shares except Public Mutual fund still holding 84 mil Serbak shares. this could be the reason Public Bank IB still actively update Serba and gave the highest TP of 0.44.
That is normal? Because no IB would look at a company that is having unresolved audit issue in their watchlist
. The video of Serba’s independent director and Chairman of Audit Committee, Johan Ishak confidently claiming thus far no wrongdoing discovered in SD's books (as confirmed in the SIR) has been taken down in FMT.
Wah ini macam harus table talk baik2....get a mediator...Pearlwhite would be a good choice(sorry no offence).....otherwise business cannot go on as usual and all minority shareholders all caught in the web.....
Most of the Investment banks fund had unloaded Serbak shares except Public Mutual fund still holding 84 mil Serbak shares. this could be the reason Public Bank IB still actively update Serba and gave the highest TP of 0.44.
Most of the Serbak shares are owned by Retial investors now since most of the Fund ( like EPF, PNB) and local funds had unloaded their shares. Therefore very unlikely ,this shares can be push up a lot in the absent of the big money...
imho this counter got potential to recover but it is high risk high reward game. For now, trading crypto probably better until got some positive news. haha
Is there really no material development despite bi-weekly reporting to INEDs since EY accepted to conduct SIR last early july resulting in no immediate announcement by SD until today?
Is there really no material development despite bi-weekly reporting to INEDs since EY accepted to conduct SIR last early july resulting in no immediate announcement by SD until today?"
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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....
InterFund
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Posted by InterFund > 2021-09-07 13:23 | Report Abuse
Enough buying SERBADK for me................. Looking at KPOWER now...................