Posted by tradersampah > 2021-09-23 18:09 | Report Abuse

seminggu je lagi QR kluar, lepas SIR lg 4mgu...lepas tu bluechippp

Posted by DickyMe4 > 2021-09-23 18:11 |

Post removed.Why?

Posted by tradersampah > 2021-09-23 18:21 | Report Abuse

skrg mmg la nmpk lawak...genetec dulu pun diayam-ayamkan..skrg duduk menung tgk jela

Posted by DickyMe4 > 2021-09-23 18:25 | Report Abuse

Genetec share baru 51 juta.

Ini dah berbillion, dah gemuk, payah nak gerak.

Posted by pearlwhite > 2021-09-23 18:34 | Report Abuse

.
Next contentious point of discussion for klsei3

"Serba Dinamik - Deviation between Unaudited Results and Audited Financial Statements for the financial year ended 30 June 2021"

More or less can expect disbelief from many here.
.

Posted by solomolo > 2021-09-23 18:35 | Report Abuse

Dicky...cybersecurity boleh buat byk untung...mcm Genetec...buat bateri ..kos rendah tapi byk pembeli...cybersecurity pun sama...

Posted by wongchin > 2021-09-23 18:37 | Report Abuse

At least today gt some news abt QR and SIR. Hopefully QR is sign by auditor Nexia n nt the sendiri tulis sendiri syiok one. Js my 2 cents. Dt be serious frd.

Posted by Nikmon > 2021-09-23 18:38 | Report Abuse

So the trivial matters need 4 months to verify ....EY is also a kampung Auditor like KPMG ...haha. SIR target to comply by Oct.....lol

Posted by pearlwhite > 2021-09-23 18:42 | Report Abuse

.
Name me a handful of listed companies in M'sia where auditor sign QR. TQ.

wongchin At least today gt some news abt QR and SIR. Hopefully QR is sign by auditor Nexia n nt the sendiri tulis sendiri syiok one. Js my 2 cents. Dt be serious frd.

Posted by DickyMe4 > 2021-09-23 18:43 | Report Abuse

Ya la.

EY, PWC KPMG DEloitte semua kampung auditors.

Auditor cap ayam Malaysia dari UiTM jer paling unggul.

Posted by straightarrow > 2021-09-23 18:45 | Report Abuse

@pearlwhite, is it good news or otherwise?

Posted by pearlwhite > Sep 23, 2021 6:34 PM | Report Abuse

.
Next contentious point of discussion for klsei3

"Serba Dinamik - Deviation between Unaudited Results and Audited Financial Statements for the financial year ended 30 June 2021"

More or less can expect disbelief from many here.

Posted by straightarrow > 2021-09-23 19:05 | Report Abuse

Posted by Steady Punpipi > Sep 23, 2021 5:53 PM | Report Abuse

UM NO has failed the rakyat again and again ...true facts

Welcome back....looks bleak...

Posted by Sneakpeek > 2021-09-23 19:07 | Report Abuse

Cash flow ok ke tu? Just asking..kah. kah

Posted by myfuad > 2021-09-23 19:17 | Report Abuse

Look accumulation

Posted by wongchin > 2021-09-23 19:26 | Report Abuse

Pearl mean sd QR after verify by nexia use mouth talk only ? No need to be sign off by nexia?? Than im sorry im wrong here. Pearl is the best here.

Posted by alieyasmart > 2021-09-23 19:40 | Report Abuse

The uncertainties has been long, but yet still survive

Posted by superrr > Sep 23, 2021 4:13 PM | Report Abuse

Uncertainties a/c problem, any bad news come out will gone like water fall plunged.

Posted by alenac > 2021-09-23 20:01 | Report Abuse

Yes, but the price is almost dead. Owners have lost huge realised and unrealised sums.

alieyasmart Uncertainties have been long, but yet still survive

Posted by Surebet > 2021-09-23 20:23 | Report Abuse

Sd qr 29 sept confirmed by karim.

Posted by Surebet > 2021-09-23 20:24 | Report Abuse

https://themalaysianreserve.com/2021/09/23/serba-dinamik-looking-at-fast-cash-generating-projects/

Posted by Surebet > 2021-09-23 20:25 | Report Abuse

So profit as per pearlwhite is confirmed

Posted by Surebet > 2021-09-23 20:27 | Report Abuse

Oct sir out

Posted by risekita8 > 2021-09-23 20:30 | Report Abuse

It has been held for very long actually

Posted by InterFund > Sep 23, 2021 8:06 PM | Report Abuse

Not bad Karim can still holding his enormous shares............... He's a cash guy................

Posted by risekita8 > 2021-09-23 20:31 | Report Abuse

The ability of Karim to hold the price and SD despite all the mess in the audit or situation, should get some credit too.

If other person is handling SD, i think SD already collapse

Posted by DickyMee > 2021-09-23 20:43 | Report Abuse

RM1.60 to RM0.34 not considered collapse?

Posted by alieyasmart > 2021-09-23 20:56 | Report Abuse

If the SIR later is good, sure the price will change dramatically

Posted by alenac > Sep 23, 2021 8:01 PM | Report Abuse

Yes, but the price is almost dead. Owners have lost huge realised and unrealised sums.

alieyasmart Uncertainties have been long, but yet still survive

Posted by dianatrader > 2021-09-23 21:00 | Report Abuse

They have to act fast

Home
Business
News
Serba Dinamik looking at fast cash-generating projects
Serba Dinamik looking at fast cash-generating projects

Thursday, September 23rd, 2021 at Business | News
Independent review by EY into issues raised by its former external auditors is expected to be completed by next month

by NUR HANANI AZMAN / Pic by TMR FILE PIX

SERBA Dinamik Holdings Bhd is in “business as usual” mode with all operations put on close monitoring for compliance to the environmental, social and governance (ESG) framework.

Group MD and CEO Datuk Dr Mohd Karim Abdullah said the company is tapping into orders that can generate fast cash income, especially from projects related to information and communications technology (ICT), and operations and maintenance (O&M) jobs.


“The business outlook is fairly optimistic, but dependent on the Covid-19 pandemic situation,” he told The Malaysian Reserve.

With sustainability issues gaining prominence in the corporate sector, the group is aware ESG has become the yardstick by which most institutional investors make their investment decisions.

Mohd Karim said Serba Dinamik’s upcoming quarter results are scheduled to be announced on Sept 29.

The company changed its financial year end from Dec 31, 2020, to June 30, 2021, due to extension of the Movement Control Order in Malaysia and lockdowns in other countries that hampered the group’s ability to finalise its financial statements.

Despite its accounting issues, Serba Dinamik registered a net profit of RM113.32 million on the back of RM1.38 billion in revenue for the fifth quarter ended March 31, 2021.

The company’s O&M segment was the largest contributor to the revenue, at RM1.26 billion or 90.5% of the total revenue.

Mohd Karim said the independent review by Ernst & Young


Consulting Sdn Bhd (EY) into the issues raised by its former external auditors, KPMG Ltd, is ongoing and expected to be completed by October 2021.

“The report will be submitted to Bursa Malaysia,” he added.

The integrated oil and gas service provider appointed EY in July as its independent reviewer to assess the veracity of the audit issues raised by KPMG.

Its independent non-Eds have been receiving progress updates from EY on a biweekly basis, Mohd Karim said.

The scope of works calls for EY to assess the validity and veracity of the transactions and balances on sales, trade receivables and materials on sites with respect to 11 identified customers, and to quantify any possible financial impact.

It is also looking into purchases from six local suppliers; IT contracts and transactions involving six customers and two suppliers, as well as the revenues and costs involved; and the transactions and balances involving one customer and one supplier in Bahrain.

On Aug 4, Serba Dinamik announced the appointment of Nexia SSY PLT as its new external auditor.

In an exchange filing, Serba Dinamik said Nexia has received professional clearance from KPMG in accordance with Section 320 by-law of the Malaysia Institute of Accountants.

KPMG had resigned as Serba Dinamik’s external auditor on June 24 after the latter filed a court action against it.

Meanwhile, Serba Dinamik’s share price has weakened after co-founder and non-independent director Datuk Awang Daud Awang Putera was made to force sell shares according to the company’s filings.

He force sold some 12.6 million shares since Sept 8, exchange filings showed, which has put the price under fresh downward pressure.

Serba Dinamik closed three sen or 8.2% lower at 33.5 sen yesterday and is only three sen off its historic lows.

Following the disposal of the shares, Awang Daud’s stake in Serba Dinamik stands at 12.8 million shares or 0.346%.

RELATED ARTICLES

Posted by kamirise360 > 2021-09-23 21:02 | Report Abuse

So pearl white gain profit again today?

Posted by Surebet > Sep 23, 2021 8:25 PM | Report Abuse

So profit as per pearlwhite is confirmed

Posted by kamirise360 > 2021-09-23 21:03 | Report Abuse

Lucky for those who really know how to take advantage of the current situation and has money ability

Posted by hanna20 > 2021-09-23 21:06 | Report Abuse

The strategy and plan still look good for SD

Posted by Huatexpert > Sep 23, 2021 9:03 PM | Report Abuse

It is also looking into purchases from six local suppliers; IT contracts and transactions involving six customers and two suppliers, as well as the revenues and costs involved; and the transactions and balances involving one customer and one supplier in Bahrain.

https://themalaysianreserve.com/2021/09/23/serba-dinamik-looking-at-fa...

Sound very familiar... Block 7 was a customer... later Serba became owner of block 7...
Does this work...not sure.. It happened this year and Serba claimed not related party transaction.
Look like he plan for similar method to change his customers who issued contracts to serba then later owned by Serba.

I guess , this six IT customers awarded contracts to Serba and now Serba would like to buy over them.

Not sure how EY classified with this kind of transaction...
Serba claim that it is not RPT cause it bought them later...

Posted by hanna20 > 2021-09-23 21:07 | Report Abuse

Beside, i think SD aware that they really need to come out with quick win projects immediately.

Not just waiting and waiting

Posted by tomtom > 2021-09-23 21:21 | Report Abuse

Quick win project also useless and totally unhelpful , It seems like the shop is decorated and can't get a license so can't do business , A/C problem till now can't be resolved , may face delisting risk.

Posted by InterFund > 2021-09-23 21:27 | Report Abuse

Al Murisi 61million pengerang asset and he bought only for 18million........ smart guy........ https://www.e-serbadk.com/group-of-companies/

Posted by alenac > 2021-09-23 21:36 | Report Abuse

If you looked at the chart, Serbak is like a Focus Dynamic. Sideways for days, weeks and months.

Posted by Surebet > 2021-09-23 21:46 | Report Abuse

So many naysayers qr out 29 sep first good news sir oct only 1 month 2nd and final good news 1.60 achievable.

Posted by solomolo > 2021-09-23 22:07 | Report Abuse

no need to worries....airasia tony know how to run their bisnes..Karim also same...knowledge...marketing...most important thing to run their bisnes...maybe person from malaysia also can create facebook...google...but how to explode to make u rich..haha

Posted by solomolo > 2021-09-23 22:48 | Report Abuse

i buy focus 0.040...up to 0.065 i sell...cause counter have no buyer...no big projek..and i think no money lorh....haha

Posted by izoklse > 2021-09-23 23:09 | Report Abuse

walau wei kpower manage to released result. That mean SD will be able to also released result which only mean that there is a possibility that SD will not going to have major issue on audit report and possible SD also can released their financial report.

Posted by Mabel > 2021-09-23 23:47 | Report Abuse

Mabel InterFund Not bad Karim can still holding his enormous shares............... He's a cash guy................
23/09/2021 8:06 PM

Not only Karim, many long term investors here are also Cash Guys and Gals..

Only Amois, Bawang, Mickey Mouse and his Stooges are using margins..

That's why Karim and long term investors very cool aje..waiting patiently..

Meow

Posted by dimmubroker > 2021-09-24 00:57 | Report Abuse

Really ?

Good day again

Posted by kamirise360 > Sep 23, 2021 9:02 PM | Report Abuse

So pearl white gain profit again today?

Posted by Surebet > Sep 23, 2021 8:25 PM | Report Abuse

So profit as per pearlwhite is confirmed

Posted by dimmubroker > 2021-09-24 00:58 | Report Abuse

I do still waiting and hold.

Interested to know the price will go green or red tomorrow

Posted by hanna20 > 2021-09-24 01:01 | Report Abuse

He is really a tough guy

Posted by InterFund > Sep 23, 2021 8:06 PM | Report Abuse

Not bad Karim can still holding his enormous shares............... He's a cash guy................

Posted by hanna20 > 2021-09-24 01:02 | Report Abuse

No wonder Karim has a big reputation.

Eventhough SD facing big situation, they still manage to sustain

Posted by Beautyseeker > 2021-09-24 01:08 | Report Abuse

The price will rebounce back

Posted by superrr > Sep 23, 2021 4:02 PM | Report Abuse

T3 back to 0.30..MC MC karorom

Posted by Beautyseeker > 2021-09-24 01:12 | Report Abuse

We can say that the current support is now at 0.31

Thw price will definitely rebounce

Posted by wolfbroker > 2021-09-24 01:17 | Report Abuse

SD should has done this much earlier

https://themalaysianreserve.com/2021/09/23/serba-dinamik-looking-at-fa...

Posted by Gerrardo > 2021-09-24 01:41 | Report Abuse

The SIR must be out immediately

Posted by Surebet > Sep 23, 2021 8:27 PM | Report Abuse

Oct sir out

Posted by risingstar21 > 2021-09-24 01:43 | Report Abuse

Yes. That is why they plan to get fast cash projects now

Posted by Huatexpert > Sep 23, 2021 9:47 PM | Report Abuse

Serba need to keep cash for bond and borrowing overdue next yr... Serba Dinamik looking at fast cash-generating projects, in directly tell u that it need cash now..

Posted by Sneakpeek > 2021-09-24 02:02 | Report Abuse

No cash how to finance project

Posted by Depeche > 2021-09-24 02:49 | Report Abuse

Once SIR clears SD, financing not an issue already... their rating will be revised upwards by S&P... banks will rush to offer financing... that's why Karim said it's only temporary... all boils down to the SIR.

Posted by solomolo > 2021-09-24 06:04 | Report Abuse

https://www.msn.com/en-my/money/topstories/bursa-rejects-sapura-energy-s-request-for-one-month-extension-to-submit-quarterly-results/ar-AAOJbHn?ocid=msedgdhp&pc=U531

KUALA LUMPUR (Sept 23): Bursa Securities has rejected Sapura Energy Bhd’s application for a one-month extension to announce its latest quarterly results.

“The company wishes to inform that the application was unsuccessful via a letter dated Sept 22, 2021 issued by Bursa Securities to the company,” it said in a filing today.

The oil and gas (O&G) outfit submitted its application on Sept 14 for the one-month extension until Oct 30.