KWSP, KWAP, PNB , Tabung haji, State Financial Secretary Sarawak, Public mutual fund should have an idea should sell or hold even before SIR... Look at the QR result, they should know what to do next, not continue waiting and waiting for SIR.
Even after SIR, banks will do precise due diligence before giving out big loans to companies. Look at Evergrande....still hanging in a limmbo....
Lets see the progress Maybe will have domino effect Quite convincing
Serba Dinamik Holdings Bhd remains focused on operating and managing its affairs on a business as usual basis, group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah.
At the same time, Serba Dinamik would be on the lookout for business opportunities to enhance profitability.
The assurance comes on the back of the global integrated oil and gas (O&G) services provider posting a net profit of RM13.8 million on RM1.2 billion revenue for its sixth quarter (Q6) ended June 30, 2021.
For the cumulative 18-month period, Serba Dinamik today said it registered a total revenue of RM8.6 billion with a net profit of RM758.4 million.
Abdul Karim also said the special independent review by Ernst & Young to assess the veracity of the audit issues raised by Serba Dinamik's former auditor KPMG was progressing well.
He is hopeful that the findings can be disclosed in Q4 of 2021 "to remove all doubts on the group's navigation".
"We remain bullish on the group's prospects despite the current circumstances from the Covid-19 pandemic," he said in a statement today.
For Q6, the company's operations and maintenance (O&M) segment was the largest contributor to group revenue with RM1.1 billion or 90.6 per cent of the total revenue.
This was attributable to strong maintenance repair and overhaul (MRO) and inspection, repair and maintenance (IRM) activities in the Middle East region namely the United Arab Emirates, Qatar and Oman, and followed by Malaysia.
Delving on its prospects, Serba Dinamik said it had boarded the space-related industry as part of its strategy to reduce reliance on the O&G industry.
"Satellite connectivity and internet service provider is one of business pillar that the group plans to focus on. Internet network is needed by Malaysia and the Asean region to deliver faster internet speed and higher data capacity with wider coverage connectivity."
Serba Dinamik said Asean, which boasts over 400 million internet users, was expected to need some US$11 billion-US$18 billion investments to roll out 5G network in the region with a view to reaching some 200 million people by 2025.
"The Covid-19 pandemic has changed the behaviour, attitude and purchasing habits of consumers, and many of these are set to remain post-pandemic.
"Serba Dinamik possesses the Network Facilities Providers and Network Service Providers licences from the Malaysian Communications and Multimedia Commission to become one of the internet service providers," it added.
At the close of today's trading, Serba Dinamik was down one sen or 2.9 per cent to 33.5 sen with 38.97 million shares traded, valuing it at RM1.25 billion.
The on-going statutory audit issues may continue to be a drag on sentiment, with much attention paid to the independent auditor’s review which is expected to be concluded by end-October 2021, and the subsequent submission of the 18-month audited accounts. Recent share price weakness may continue given the negative surprise on its earnings, as well as on the uncertainties ahead. As such, we adjust our valuation for the stock based on a discount of 70% to its June 2021 book value of RM1.05 (from 50% discount to 12-month book value of RM0.88).
@ up slowly better la, SD wings dipatahkan oleh KPMG already. now got broken wing. You image a bird without wing can fly or not ? no walk also susah not saying fly.
Market weak and soft...budget month coming .investor hold back plus uncertainty like the US market took a hit yesterday, depressed by tech stocks due to a volatility trading on 10-year Treasury yield rose as high as 1.56%. This has put a pressure on growth stocks. Today Mabel use this opportunity to collect some growth stocks in China...
A lot of Great Growth will be coming from Asia and we are just in the beginning of the cycle.
i think tomorrow will drop below 0.30 lah like that. so sad. Karim kept convincing ppl, seem that no one trust what he said and ppl kept dumping tickets since this morning. But cannot blame ppl loh, later he himself sell too because of the so called force selling
the issue is you do not know how deep is the lubang. Then you fill with tanah, till you bankrupt the lubang still tak penuh. you can only average down if you know how deep is the lubang loh
#OpporturnityHunter ppl sell too becos of force selling loh , no money to keep and no time to keep too 30/09/2021 5:07 PM
Ya lor...Mabel has advised long time oledi. When the stocks becomes too speculative, use only extra cash..Don't play margin..
According to Richard Branson, timing is everything in life, and it’s particularly crucial in entrepreneurship. People often equate success with luck, but it usually comes down to impeccable [and carefully mapped out] timing. Staying ahead of the curve; predicting market conditions; spotting opportunities before they arise; and forecasting the wider economic, social and technological landscape cannot be underestimated when starting a business. If this all sounds a bit complicated, the most important thing to remember is that the best time to go into a new business is when it’s being run badly by others.
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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....
solomolo
1,329 posts
Posted by solomolo > 2021-09-30 15:22 | Report Abuse
thats why unclelim says true..buy and up the price...not buy sell low...you just gave free money to serbadk lorh..