Posted by InterFund > 2021-09-29 20:10 |

Post removed.Why?

Posted by stocksensei > 2021-09-29 20:10 | Report Abuse

Some sengaja cari pasal by saying it's weird , something not right . Today's price is 0.335 la and not 1.60 . The question is has the current price Already factored in all these weird and something not right.? If yes... Tomorrow green lor . Investor only wan some form of closure and certainties . Not 100% but ateast it's heading that way haha.

Posted by Huangbk72 > 2021-09-29 20:11 | Report Abuse

Again.. this QR is not audited.

For a clearer picture, have to be read in tandem with previous QR report.

At a glance:

1) GP and NP Margin coming down to a more reasonable level. Previously, we have members here that argue that SD nature of business insulates them from margin fluctuations. It is never possible in real world.

More concerning to me are the following:

1) Cash flow is really really bad. Negative cash flow generated from business reported (200+) million. Last Q still have 9.7M.
2) EPS.. previous QR was 3.04 compared to latest 0.40. I dont have words for this
3) Long overdue receivables. Their note: 30-90 days is a given norm. I see over 120M receivable over 120days. 100% must make provisions or write-off adjustment if audited. If this is included, SD will have to report big loss this QR.

Overall, not good. Precarious i would put it.

Posted by InterFund > 2021-09-29 20:11 | Report Abuse

@uncle_lim and the gang said he got action tomorrow............ we see he shakes out bilis......................

Posted by leno > 2021-09-29 20:11 | Report Abuse

We can not use earning to value serba share anymore.
The earning should be presume fake by now.

If we willing to accept the last quarter profit as real
which is 0.4 sen per quarter.
FY is about 1.6 sen eps
This give value about 16 sen per share at PE 10.

We cannot use higher PE because this company is still under investigation for fraud accounting. EY report, after so long, still cannot be released.
Why ? Another Red Flag.

So, we need to look at the balance sheet.
We want to know, can serba stay above water ?
For how long ?

Posted by amet2017 > 2021-09-29 20:12 | Report Abuse

Hehe. Expected qr not so good. So this qr already corrected the error from all the previous QRs, but still have profit for this quarter. Hence expected SIR will come out with favorable result. Hehe.

Posted by amet2017 > 2021-09-29 20:14 | Report Abuse

Good to see 'experts' started calculating eps and pe.. Suddenly the trust the qr aa.. Hehe

Posted by leno > 2021-09-29 20:18 | Report Abuse

this quarter report is more acceptable
But this quarter has NOT corrected any of previous quarter.

I believe sebak has overstated previous 5 quarters profit by more than RM 500 millions.

This is very BAD.

Posted by dianatrader > 2021-09-29 20:19 | Report Abuse

No need to pity. For me, this is my decision

Bare with it

Posted by prince11 > Sep 29, 2021 7:30 PM | Report Abuse

pity serba hodler

Posted by OpporturnityHunter > 2021-09-29 20:21 | Report Abuse

if tomorrow open market price didn't gap up, will raise a little but not limit up. Unless gap up a lot. Can judge leh by open market price

Posted by leno > 2021-09-29 20:21 | Report Abuse

At this point,
nobody is talking about buying any sebak share anymore.

Question is
who going to sell first thing in the morning,
who is going to sell second,
who is going to get stuck.

Posted by OpporturnityHunter > 2021-09-29 20:22 | Report Abuse

so let see what is the open market price, if huge gap up, then show for limit up may be. If not, then raise 0.04/0.05 cent also OK lah

Posted by OpporturnityHunter > 2021-09-29 20:22 | Report Abuse

let cross our finger

Posted by Surebet > 2021-09-29 20:23 | Report Abuse

Nexia has audited signed of EY is only for Sir then EY bye bye. Profit share value rm1.00 as per asset and business on shorties can throw tmr.

Posted by Surebet > 2021-09-29 20:24 | Report Abuse

Impairment co like armada with more debt no dividen flying high.

Posted by Huangbk72 > 2021-09-29 20:25 | Report Abuse

Purely on cash flow analysis, this company already underwater.


leno We can not use earning to value serba share anymore.
The earning should be presume fake by now.

If we willing to accept the last quarter profit as real
which is 0.4 sen per quarter.
FY is about 1.6 sen eps
This give value about 16 sen per share at PE 10.

We cannot use higher PE because this company is still under investigation for fraud accounting. EY report, after so long, still cannot be released.
Why ? Another Red Flag.

So, we need to look at the balance sheet.
We want to know, can serba stay above water ?
For how long ?
29/09/2021 8:11 PM

Posted by tradersampah > 2021-09-29 20:25 | Report Abuse

Steady pak karim..ini mcm la business, always profit..

Posted by amet2017 > 2021-09-29 20:25 | Report Abuse

I suspect that since SIR is ongoing, serba has somehow corrected this qr to reflect the errors, hence to ensure a favourable SIR. Again this is my guess, want confirmation just wait for the SIR lor..someone mentioned about compromised has been reached with regards to the SIR, so I guess this is the way it was reached.. Whatever it is SIR will tell the true story.

Posted by Huatexpert > 2021-09-29 20:25 | Report Abuse

Let see some highlight with big change for Serba QR result...

Bahrain - Revenue
QR end 31/12/2020 - Revenue RM 66 mil
QR end 31/3/2021 - Revenue RM 129 mil
QR end 30/6/2021 - Revenue RM 12 mil...QR

KPMG got red flag at Bahrain.... check out KPMG red flag.

ICT revenue...
QR end 31/12/2020 - Revenue RM 113 mil
QR end 31/3/2021 - Revenue RM 30 mil
QR end 30/6/2021 - Revenue RM 11.8 mil...

KPMG got red flag at ICT business... check out KPMG red flag.

Cash on hand....
QR end 31/12/2020 RM 836 mil
QR end 31/3/2021 RM 1 bil (w private placement)
QR end 30/6/2021 RM 497 mil

Inventory
QR end 31/12/2020 RM 1.66 bil
QR end 31/3/2021 RM 1.88 bil
QR end 30/6/2021 RM RM 2.1 bil

Trade receivable
QR end 31/12/2020 RM 1.865 bil
QR end 31/3/2021 RM RM 1.921 bil
QR end 30/6/2021 RM 1.922 bil

Net profit margin....
QR end 31/12/2020 11%
QR end 31/3/2021 8%
QR end 30/6/2021 1.01%

How the company pay debt with such little profit margin and so low cash on hand ?

Most likely all the IB downgrade the earning for Serba for the next few yrs...
SIR... more drama coming out...

QR end 31/12/2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3133994

QR end 31/3/2021

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3169980

QR end 30/6/2021

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196801

Posted by Surebet > 2021-09-29 20:26 | Report Abuse

Petronas will help soon to raise to rm2

Posted by alieyasmart > 2021-09-29 20:27 | Report Abuse

Everyone here are 'expert'

Hahaha

Posted by AnsonLiew > Sep 29, 2021 7:32 PM | Report Abuse

aiya report profit also shoot

report loss also argue

relax la

covid mah sure profit drop lo

karim said u have to believe it

hahahahahahaja

Posted by OpporturnityHunter > 2021-09-29 20:28 | Report Abuse

@Huatexpert, thank you for sharing but much better than making loss right. Air Asia also huge loss, still survive well and price keep raising right ?

Posted by piranha88 > 2021-09-29 20:29 | Report Abuse

For those who asked, RM121million was for consolidation elimination.

Gross profit RM136million. Company expenses and consolidation elimination RM121million leaving Profit before tax of RM14.8 million

Posted by OpporturnityHunter > 2021-09-29 20:30 | Report Abuse

In this critical time, 1 million profit also considered good lah,

Posted by OpporturnityHunter > 2021-09-29 20:31 | Report Abuse

many go bankrupt in this critical time not saying making profit, correct boh ?

Posted by pearlwhite > 2021-09-29 20:33 | Report Abuse

.
Based on that conclusion, 2016 - 2019 also all fake based on the ratios as far as P&L is concern. I believe KPMG has alot to answer why SD accounts are FAKE, since they signed off.

And how many QR reports for listed companies are audited? Then to be applied fairly, all also fake since not audited.

You forgot 30/6/2021 was in the midst of suing KPMG, appointing new auditors, etc.

Anyhow, gist is GP margin reduction (-RM70m), increased finance costs (-RM100m) and loss of associated profits (-RM40m) are the key takeaway for 18th months adjusted to 2019.

Still BAU from my experience RUNNING a billion ringgit growing company.

@Leno, you are requested to file a report to SC immediately about your concerns. Thanks

First 5 quarters profit are all FAKE.
The END.

Posted by josephn > 2021-09-29 20:33 | Report Abuse

Dayang negative EPS also 0.90 above

Posted by kamirise360 > 2021-09-29 20:34 | Report Abuse

Aerospace got big potentials

Sep 29, 2021 7:51 PMPosted by gbt_9428 > Sep 29, 2021 7:51 PM | Report Abuse

takeup aerospace industry!!
tomorrow drop is time to buy at a lower price
looking forward after 1month++ return me 30++%

Posted by Surebet > 2021-09-29 20:36 | Report Abuse

0.4 on for this qr no impairement or loss like others still show profit after all the drama.

Posted by boboiboy400 > 2021-09-29 20:36 | Report Abuse

Oleh Wartawan BH

KUALA LUMPUR: Serba Dinamik Holdings Bhd, penyedia perkhidmatan kejuruteraan bersepadu global, meraih pendapatan RM1.2 bilion pada suku yang ditinjau berakhir 30 Jun 2021.

Dalam satu kenyataan, syarikat itu berkata, kumpulan mencatatkan keuntungan sebelum cukai (PBT) sebanyak RM14.8 juta dan keuntungan selepas cukai (PAT) sebanyak RM13.8 juta untuk suku dikaji.

"Sama seperti suku sebelumnya, tidak ada perbandingan untuk suku yang sama tahun kewangan sebelumnya kerana Serba Dinamik mengubah tahun kewangannya menjadi 30 Jun 2021 dari 31 Disember 2020 pada 7 Mei 2021.

"Untuk suku dikaji, segmen operasi dan penyelenggaraan (O&M) adalah penyumbang terbesar kepada pendapatan berkenaan, dengan nilai RM1.1 bilion atau 90.6 peratus daripada jumlah pendapatan. Ini disebabkan oleh aktiviti MRO dan IRM yang kuat di Asia Barat iaitu UAE, Qatar dan Oman, diikuti oleh Malaysia.

"Segmen kejuruteraan, perolehan, pembinaan dan pentauliahan (EPCC) kumpulan adalah penyumbang kedua terbesar kepada pendapatan dengan RM100.4 juta atau 8.3 peratus daripada jumlah pendapatan," kata kenyataan itu.

Sementara itu, segmen teknologi maklumat dan komunikasi (ICT) memberikan sumbangan RM11.8 juta atau satu peratus kepada jumlah pendapatan bagi suku yang dikaji.

Segmen pendidikan dan latihan kumpulan memperoleh pendapatan sekitar RM900,000 atau 0.1 peratus menerusi Serba Dinamik Education Sdn Bhd, yang juga dikenali sebagai Universiti Malaysia Sains Komputer & Kejuruteraan (UNIMY).

UNIMY adalah platform pendidikan ICT yang memupuk graduan yang pakar dengan kemahiran ICT.

"Secara geografi, wilayah Asia Barat adalah penyumbang terbesar pendapatan, memberikan RM744.4 juta atau 61.6 peratus daripada jumlah pendapatan untuk Q6FY21. Rantau Asia Tenggara, RM409.3 juta atau 33.9 peratus daripada jumlah pendapatan. Wilayah Asia Tengah dan Selatan menyumbang RM44.6 juta atau 3.7 peratus daripada jumlah pendapatan.

"Baki sumbangan datang dari Tanzania dan Inggeris masing-masing pada RM4.8 juta atau 0.4 peratus dan RM4.63 juta atau 0.4 peratus," katanya.

Mengulas perkembangan itu, Pengarah Urusan Kumpulan dan Ketua Pengarah Eksekutif Kumpulan Serba Dinamik, Datuk Dr Mohd Abdul Karim Abdullah, berkata perniagaan kumpulan berjalan dengan baik dalam menghadapi situasi yang mencabar dalam tempoh berkenaan.

"Semua segmen perniagaan kami menunjukkan pertumbuhan yang membanggakan. Kumpulan gigih dan proaktif dalam mencari peluang baru di daerah bukan minyak dan gas.

"Kami akan mengembangkan perniagaan ruang dan perhubungan kami secara agresif ke hadapan. Ini sejajar dengan Rancangan Malaysia Ke-12 (RMK-12) yang diumumkan kerajaan," katanya.

Untuk keseluruhan tempoh lapan belas bulan, kumpulan mencatatkan jumlah pendapatan sebanyak RM8.6 bilion dengan PBT dan PAT masing-masing masing-masing berjumlah RM848.4 juta dan RM758.4 juta, katanya.

"Kami ingin meyakinkan pihak berkepentingan, menjalankan perniagaan seperti biasa dan mencari peluang perniagaan untuk meningkatkan keuntungan kumpulan.

"Tinjauan bebas khas berjalan dengan baik dan kami berharap penemuan ini dapat diungkapkan pada suku keempat tahun ini untuk menghilangkan semua keraguan. Kami tetap optimis terhadap prospek kumpulan walaupun keadaan semasa dari wabak COVID-19, " katanya.

Posted by ipohwhitecoffee > 2021-09-29 20:36 | Report Abuse

dayang got scandal meh?

No mah. clean mah. Damn honest company mah.

Don't mempersiasuikan other companies by relating them with serba salah can?

Posted by risekita8 > 2021-09-29 20:37 | Report Abuse

If it selling down tomorrow, sure big player waiting to catch all at real low price

Posted by taco89 > Sep 29, 2021 7:43 PM | Report Abuse

Expect tmr morning will have strong selling pressure, mostly goes below 30c.

Posted by Surebet > 2021-09-29 20:38 | Report Abuse

Sir is important for price hike but business wise SD is solid as major international service provider for O&G

Posted by Nikmon > 2021-09-29 20:39 | Report Abuse

Net profit drop 90% than expect LU......a lot smart investor here..lol

Posted by OpporturnityHunter > 2021-09-29 20:40 | Report Abuse

@Huatexpert, what you worry is what i worry too. I am afraid someone will use this QR to dump the ticket into market. If so, meaning that SIR doesn't look good, i guess. Sure insider already know how SIR will be already by this time. correct boh ?

Posted by Depeche > 2021-09-29 20:40 | Report Abuse

Dat Karim said result within expectation...SIR progressing well... he seems to have everything under control... holders will have to bear with short term pain....till SIR is out... tomorrow price likely down.... operator will likely take opportunity to press diwn hard.. but at least one chapter closed...13m profit better than loss.

Posted by OpporturnityHunter > 2021-09-29 20:40 | Report Abuse

If SIR is in positive direction, sure insider will not dump the ticket and will collect instead

Posted by OpporturnityHunter > 2021-09-29 20:41 | Report Abuse

let see how tomorrow loh, say too much also bo yong now

Posted by wolfbroker > 2021-09-29 20:43 | Report Abuse

Good suggestion here

Posted by Huatexpert > Sep 29, 2021 8:38 PM | Report Abuse

I think Serba need a massive right issue share to raise cash to pay bond and debt which over due soon... Hard to get loan fr banks at this moment...

What do you think the best price for right issue...
RM 0.3 - 1 for 1 could raise RM 1 bil + to pay debt and borrowing.,,

Posted by Beautyseeker > 2021-09-29 20:44 | Report Abuse

Really? You think it is that simple?

And auditor with Bursa allow it?

Posted by amet2017 > Sep 29, 2021 8:25 PM | Report Abuse

I suspect that since SIR is ongoing, serba has somehow corrected this qr to reflect the errors, hence to ensure a favourable SIR. Again this is my guess, want confirmation just wait for the SIR lor..someone mentioned about compromised has been reached with regards to the SIR, so I guess this is the way it was reached.. Whatever it is SIR will tell the true story.

Posted by amet2017 > 2021-09-29 20:47 | Report Abuse

Think some people are expecting to see much worse result i.e. Millions of dollars loss, hence a bit disappointed to see this qr. EY is performing the review based on the 5-6 QRs back. If serba didn't come clean and correct those numbers in this QR, SIR will becomes ugly.

Posted by Nikmon > 2021-09-29 20:48 | Report Abuse

1.7 billion debt due soon less than 6 months?, how to pay with tiny 13mil net profit ..lol

Why no clarification on the low margin?

Posted by abang_misai > 2021-09-29 20:48 | Report Abuse

Middle East….. hmm… space venture….hmm…

Posted by Huangbk72 > 2021-09-29 20:49 | Report Abuse

Huatexpert I think Serba need a massive right issue share to raise cash to pay bond and debt which over due soon... Hard to get loan fr banks at this moment...

What do you think the best price for right issue...
RM 0.3 - 1 for 1 could raise RM 1 bil + to pay debt and borrowing.,,
29/09/2021 8:38 PM

The timeline is not in SD favor. Who will subscribe to rights issue share? They have practically locked themselves out from capital market by creating this big mess in the first place. No more institutional support.

Posted by remomama94 > 2021-09-29 20:49 | Report Abuse

Anything is possible in malaysia look at a.maslan a free man now

Posted by solomolo > 2021-09-29 20:49 | Report Abuse

lol...right issue if company need cash if their cash not enough to do some projeck...what the hell serbadk need cash?...hahaha

Posted by remomama94 > 2021-09-29 20:50 | Report Abuse

Just pay the fine

Posted by Depeche > 2021-09-29 20:50 | Report Abuse

Previous PP above 1.50... SD owes to the investor(s) to make sure they won't lose money...SD's treasury shares also 1.xx... they will make sure SIR clears

Posted by taco89 > 2021-09-29 20:59 | Report Abuse

Profit margin is the biggest question of this QR... How come dropped so much?

Posted by OpporturnityHunter > 2021-09-29 21:00 | Report Abuse

why i feel that few people come here to make sure that Serbadk price drop, hehe. sold their shares earlier already must be, hehe. Don't guess, if share price can easily be guess, i already resign and sit in front of computer to earn money liao