Index red.............. expect profit taking................ October is going to be a bull month............ 2 months before end of the year..................... window dressing by fund managers............
In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence.”
S&P downgrade after SD dispute with auditor, as this has damper market confident and impact the refinancing
Will S&P revise the rate without clarity from the SIR, lol.
BUSINESS Smart infrastructure key to Serba Dinamik's Pengerang projects By NST Business September 24, 2021 @ 8:28am
KUALA LUMPUR: Organisational plasticity has always been the key "digital trait" of Serba Dinamik Group Bhd as it once again shows its capability in adapting to changes and innovating with speed.
On top of adjusting to the challenges of Covid-19, Serba Dinamik has moved up a notch with the rapid development of Smart Pengerang Eco-Industrial Park (Smart PeIP) and Pengerang International Commercial Centre (PICC) in Johor.
Serba Dinamik, a total technical engineering and commercial services provider, said it has now established a new ecosystem of infrastructure, facilities and providers of products and services housed within one location.
GET THE LATEST TOP NEWS Sign up to receive New Straits Times daily newsletters! Your Email SUBSCRIBE By submitting this form, you are giving consent for your e-mail to be used and disclosed. * Thank You! Thank you for subscribing! PeIP is poised to become a one-stop-centre to meet the needs for maintenance of plant and machinery.
MORE NEWS Serba Dinamik hits limit down, Bursa's top loser Serba Dinamik's third largest shareholder not staying put? Serba Dinamik instils confidence in shareholders: HLIB Research Serba Dinamik unlocks new modes of interactivity, immersivity It consists of Malaysia's first smart MRO (maintenance, repair and overhaul) global centre of excellence, plant turnaround village, IRM (inspection, repair and maintenance) global centre, technical and vocational education and training city and smart logistics hub.
PICC, meanwhile, is incorporated to support PeIP with commercial, hospitality and residential properties along with other key facilities and amenities.
Serba Dinamik said in future proofing the productivity and sustainability of both PeIP and PICC as an industrial park and a commercial centre, the company was developing and deploying several key smart infrastructure.
The smart infrastructure planned for PeIP and PICC revolves around environment sustainability and smart city framework to create a smart entrepreneur community.
Mainly supported by Serba Dinamik's subsidiary Serba Dinamik IT Solutions Sdn Bhd, the smart infrastructure encompasses smart mobility systems, smart warehouse technology, smart resident, automated surveillance system, eco-waste management, green lung and digital mall, among others.
"As a Malaysian-owned MRO centre, PeIP can enable the development of Malaysian companies to compete with international MRO players while pushing for local upskilling and job creation.
"Supported by Serba Dinamik's 25 years of experience in the provision of MRO services and holistic vendor development programme, local vendors participating in PeIP are set for an immediate head-start to engage in MRO activities in the region," the company said.
Tapping into Serba Dinamik's global network and operations in Asia, Middle East, the UK and Africa, PeIP and PICC are well-equipped to attract foreign direct investments.
This, Serba Dinamik said, was based on opportunities from Johor's Pengerang Integrated Petroleum Complex which includes Petronas' PIC, Johor's power generation industry as well as Singapore's oil and gas, power generation and marine industries.
"The strategic location and multi-accessibility of PeIP also opens an opportunity for an export base to be established for manufactured parts, components and fabrication," it added.
Currently progressing well in their development phase, PeIP and PICC have a combined gross development value of RM1.9 billion and gross development cost of RM1.7 billion.
This in turn could boost employment prospect in Johor as well as contribute positively to Malaysia's gross domestic product growth, said Serba Dinamik.
Both projects are developed on 27.46 hectares with a gross floor area of 4.23 million sq ft and net floor area of 2.36 million sq ft.
Based on recent forecast, PeIP and PICC stand to create at least 6,000 new high-skilled and in-demand jobs for Malaysians.
"With the global Covid-19 pandemic having massively ushered the maturity of Industrial 4.0 which currently prove to be a necessity over luxury especially in MRO industry, the Smart PeIP and PICC can serve as the right catapult to push Malaysia into the lead as a high-tech global MRO service provider," Serba Dinamik said.
Or do you need me to point it out to you which para. that S&P used to justify per your "In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence."
Nikmon In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence.”
S&P downgrade after SD dispute with auditor, as this has damper market confident and impact the refinancing
Will S&P revise the rate without clarity from the SIR, lol. .
This smart investor never short of story, recap some of the entertaining narrative, privatization before SIR, good fren with politician, dark hand and dark face,.
So latest S&P will 'accept' the QR without SIR....lol, genius genius. Accept woh without SIR.
pearlwhite .posted Alot will say the QR report is not accurate, way off and without SIR means nothing. This is fact here in klsei3 for some. But for S&P, bankers and customers, should be 'acceptable' as AR will be out by 31st Oct. 2021
"..S&P highlights that in the next nine months, Serba Dinamik has maturing debts that include RM900 million in sukuk, RM700 million in loan amortisation of its long-term bank facilities and short-term facilities, and RM100 million of its commercial paper."
There are no haters here lar ... Everyone is looking for opportunity to grab at low price if possible, waiting for turnaround ... Provided the SIR is favorable n no hanky panky accounting ... Otherwise finished story ...
DickyMe4 "..S&P highlights that in the next nine months, Serba Dinamik has maturing debts that include RM900 million in sukuk, RM700 million in loan amortisation of its long-term bank facilities and short-term facilities, and RM100 million of its commercial paper."
Or do you need me to point it out to you which para. that S&P used to justify per your "In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence."
Nikmon In S&P view, the company’s decision to take legal action against the previous auditor, KPMG, further complicates its bid to restore market confidence.”
S&P downgrade after SD dispute with auditor, as this has damper market confident and impact the refinancing
Will S&P revise the rate without clarity from the SIR, lol.
HLB believe these recent developments will possibly continue to exert selling pressure on the stock while buying interest is unlikely to resurface until its audit issues are resolved.
Banker and S&P will not accept the QR untill SIR release.. lol
pearlwhite .posted But for S&P, bankers and customers, should be 'acceptable' as AR will be out by 31st Oct. 2021
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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....
risingstar21
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Posted by risingstar21 > 2021-09-24 16:05 | Report Abuse
If you do have strong cash advantage, you can play sideways too.
But need to alert