SB is actually the last Actor in restructuring O&G sector. SB is following the same path as Sapnrg Armada, Velesto...someone has to Clear its Debt whether thru RI or "some white Horse"....The problem with RI is that the Owner must forked Out substantial amount of Cash which he doesnT has( forced selling )
GILA INI ORANG AFTER GET CAUGHT ONLY WE SEE REAL NUMBERS !!!!1!! I TOLD YOU TO SELL TODAY !!!!!1! QR IS THE SOLID PROOF THAT THEY ARE NOT HONEST AND FRAUDSTER !!!!!1
In order not to confuse anyone, Consolidation elimination is a "write off entry" in SD case.
As not much details is show in this QR, most likely they have to reverse out RM121M due to double accounting. Example Parent and Subsidiary both reported revenue on same project. I think most likely is their Middle East project.
Either way, SD will have to write off this amount and net profit reported is as 1.01% 29/09/2021 9:18 PM
armadatuah2017 total profit is 134 million. 29/09/2021 9:09 PM
with thanks to KPMG for doing the right thing...the company in fact not earning that much from previous QRs....hope all company using KPMG as auditors...then we are safe to invest in KLCI.
Uncle lim says tomorrow huat chai. Mabel say earn until cant see the road in front. Lets wait until tomorrow than will knw hw much u all earn or loss. As i hv says this is a risk u all gamble in. Win or loss its your money right.
Tomorrow will gap down ... Don't worry , still got stoxxpicx2u " Doctor Edwin " and half boiled egg tyxxp accompany the shareholder till end of the world....... today closing 0.335
look at Airasia, did they perform as expected from public noobs"
AA attempts to survive are transparent and it has always been transparent. The pandemic brought a reputation degradation when operation is banned few months/year.
Helluva entrepreneur don’t you think. Capitalised on NEP build a multi-billion biz from nothing. Now paper loss in excess of a billion but he stands tall working on ventures old and new while keeping mum on the SIR as he should be
For Karim giving us bilis this opportunity and Chinese-Muslim muhibahness hahaha I really hope he survives this crisis
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OpporturnityHunter
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Posted by OpporturnityHunter > 2021-09-29 21:01 | Report Abuse
see how loh tomorrow guy, only time can tell, good luck to all