Posted by TryMakeGoodBuy > 2021-11-12 17:05 | Report Abuse

EY appointed by SD.
Cannot turn around and say now not qualified.
SC has been investigating SD since May.
EY ask SD for info but SD did not give.
EY asked SC and SC allowed access to the documents.

So tell is EY recognized?
Why SD does not allow EY to documents?

Why does investors think there is still hope?
Not even 1 sen

Posted by Nikmon > 2021-11-12 17:09 | Report Abuse

KPMG raise red flag - should caution
SD sue KPMG - only idixt still invest
Ex risk director resign - only 2 x idiox still invest
SD sue exDirector - only 3x ixiot still invest
SD sue Bursar - only 5x idxot still support SD
SD sue EY - only 6x xdiot still support SD

Which lever are you....lol haha

@InvestorKING quoted Common sense , if all these so called "kind hearted" forummers now shouting to sell and delisted, bankrupt, etc etc etc, why don't they ask here to Sell when the price was at 1.6 to 2.0?

But only at this price range,then all these kind hearted person came in and said price will go down to 0.10 or even 0.005
12/11/2021 4:24 PM

Posted by solomolo > 2021-11-12 17:09 | Report Abuse

.....

jangan gadoh gadoh..EY dulu audit 1MDB loh before KPMG..same shit happen loh...hehe

...........................

Ernst & Young dan para pemegang saham Lehman Brothers

Pada 2013, Ernst & Young (EY) bersetuju membayar AS$99 juta kepada bekas para pelabur Lehman Brothers yang menuduh juruaudit membantu Lehman tersilap nyata dalam rekod kewangannya sebelum kejatuhan bank pelaburan itu yang mencetuskan krisis kewangan pada 2008.

Para pelabur telah menuduh pengarah-pengarah di Lehman membuat gambaran salah terhadap keadaan firma itu menerusi kenyataan kewangannya dan tawaran sekuriti.

Mereka mendakwa EY dan penaja jamin menyumbang kepada penipuan itu apabila gagal menyiasat dan memastikan kebenaran penyata terbabit.


https://www.freemalaysiatoday.com/category/bahasa/tempatan/2021/09/04/serba-dinamik-lawan-kpmg-antara-kes-terbaru-babit-juruaudit/

.........

Posted by solomolo > 2021-11-12 17:10 | Report Abuse

just wait SC sudah....

Posted by TryMakeGoodBuy > 2021-11-12 17:15 | Report Abuse

Yes.
Long ago EY got problem.
KPMG also got problem.
Both learned their lesson.

Now both say SD accounts does not look right.
You think who got problem

Posted by superrr > 2021-11-12 17:17 | Report Abuse

How they are going to appoint another new auditor , there is no audit firm to deal with his business, later kadondon has to sue someone again....no more announcements of sb I think.....

Posted by Hop333 > 2021-11-12 17:18 | Report Abuse

Its okay.... money is theirs, let them decide :D

Posted by InterFund® > 2021-11-12 17:20 | Report Abuse

Week 3 comes to an end....................... Still nothing from the shop lot company itself.......................... That speaks volume...............................

Posted by superrr > 2021-11-12 17:21 | Report Abuse

Gone case..

Posted by BobAxelrod > 2021-11-12 17:24 |

Post removed.Why?

Posted by 433tikitaka > 2021-11-12 17:25 | Report Abuse

what happen if serba found guilty?

Posted by solomolo > 2021-11-12 17:26 | Report Abuse

.......
The end...just wait SC

Bursa should abolish action against Serbadk...because KPMG audits should not be eligible to be accepted when they are fined by the government for audit negligence from SC investigation...and EY too got audit negligence case in 2013...
....................

Posted by BobAxelrod > 2021-11-12 17:28 |

Post removed.Why?

Posted by solomolo > 2021-11-12 17:32 | Report Abuse

if SC says Serbadk is guilty we must accept lah...that;s all...and hope SC use the court to return investors money back from sebadk...

Posted by Stockhunter88 > 2021-11-12 17:37 | Report Abuse

Missed 300M sukuk payment.. Jeng Jeng Jeng

Posted by Loading > 2021-11-12 17:43 | Report Abuse

Air ada asal nya , penyakit ada punca nya ,
Harimau lawan harimau , mesti ada satu yang luka ,
Anjing hitam yang curi makan , anjing putih pula di bantai ,
Gigi belum habis tumbuh sudah mau mengunyah .

Posted by Mabel > 2021-11-12 17:49 | Report Abuse

#InvestorKING Mabel, I guess during the last day of trading before suspension, PNB then sold off about 1.86% of their shares to public, but that day trading volume was around 105millions volumes, which means 3272millions x 1.86%=69,322,200 shares sold that day by PNB plus stubborn shorties and weak retailers shares of approximately 46Mil shares being collected and absorbed by this so called suspected investor (described by pearlwhite,it could be suspected person,group or provident fund).

So,it's about 3.2% of shares being collected that day.

Quoted by pearlwhite:
Unknown Shareholder 1 * 8.80
Unknown Shareholder 2 * 4.62
Plus 3.2%

Total would be 13.42% + 3.2%= 16.62%
12/11/2021 4:15 PM

It is a pity that SD's shares were suspended. A lot of foreign funds were buying in to support SD and CEO Karim. BlackRocks could be one of them..

Summing up: The big picture is what matters

Long-term investors, don't care much about the short-term developments that push stock prices up and down each trading day. When you have many years to let your money grow, things such as analyst upgrades and earnings beats are irrelevant. What matters is where a company will be two to three years from now. That's why Mabel just stick to i3 Target Price..

While a lot of ink is spilled about daily fluctuations in stock prices, and while many people try to profit from those short-term moves, long-term investors should be laser-focused on a company's potential to increase its profits over many years. Ultimately, it's rising profits that push stock prices higher. So stay focus on the end game and ignore the noises.

When it is raining, just look at the brighter side as there's rainbow everywhere..

Feel sorry to all the Pom Pom Boys who already miss the boat..

Now working around the clock..

Enjoy your weekend !

Meow

Posted by 8dragon > 2021-11-12 17:49 | Report Abuse

Top 30 richest man in Malaysia will go bankrupt...???

Posted by Prashan Ram > 2021-11-12 17:52 | Report Abuse

TehCPing, sounds smart when u provide commentary in hindsight right?

Posted by shybutter > 2021-11-12 17:57 | Report Abuse

He won't go bankrupt.

Thats for sure

Posted by 8dragon > Nov 12, 2021 5:49 PM | Report Abuse

Top 30 richest man in Malaysia will go bankrupt...???

Posted by shybutter > 2021-11-12 17:57 | Report Abuse

Do you really think Karim did put his all in one basket?

Surely not

Posted by Trader258 > 2021-11-12 17:59 | Report Abuse

KUALA LUMPUR (Nov 12): Fitch Ratings has downgraded energy-service provider Serba Dinamik Holdings Bhd's long-term issuer default rating to "C" from "CCC-".

In a statement on Friday (Nov 12), Fitch said it has also downgraded the rating on the senior unsecured sukuk due May 2022 and March 2025 to "C", from "CCC-", with the Recovery Rating remaining at "RR4".

The rating agency said the downgrade follows the confirmation from Serba Dinamik that it had missed the interest payment on its 2022 senior unsecured sukuk and entered a 30-day grace period.

Posted by Gerrardo > 2021-11-12 18:05 | Report Abuse

I never look at this grade actually

Hee

Posted by Trader258 > Nov 12, 2021 5:59 PM | Report Abuse

KUALA LUMPUR (Nov 12): Fitch Ratings has downgraded energy-service provider Serba Dinamik Holdings Bhd's long-term issuer default rating to "C" from "CCC-".

In a statement on Friday (Nov 12), Fitch said it has also downgraded the rating on the senior unsecured sukuk due May 2022 and March 2025 to "C", from "CCC-", with the Recovery Rating remaining at "RR4".

The rating agency said the downgrade follows the confirmation from Serba Dinamik that it had missed the interest payment on its 2022 senior unsecured sukuk and entered a 30-day grace period.

Posted by i3lurker > 2021-11-12 18:12 |

Post removed.Why?

Posted by amet2017 > 2021-11-12 18:14 | Report Abuse

Don't be a racist bxstxrd lar.. Btw according to info in this forum, he is a Chinese. So by the definition of your shallow minded thinking, he i a Chinese scammer aa. Extremist like you don't have a place in our multiracial country. We do respect each other nd don't bash by generalising the race.

Posted by IdleMoney66 > Nov 12, 2021 6:01 PM | Report Abuse

Karim = Icon Bumiputera Entrepreneur
So Karim = Scammer ?
Then, Bumiputerea = ??

Posted by Gerrardo > 2021-11-12 18:15 | Report Abuse

D means bankrupt?


9157 posts
Posted by i3lurker > Nov 12, 2021 6:12 PM | Report Abuse

Fitch normally downgrades to CC from CCC

a immediate dive to C is very interesting

D means bankrupt

Posted by i3lurker > 2021-11-12 18:16 | Report Abuse

Martians had landed in Putrajaya

maybe its a conspiracy and Fitch wants to buy Serba shares cheap?

if you believe that then you must also believe that the Martians had landed in Putrajaya.

Posted by Honesty > 2021-11-12 18:18 |

Post removed.Why?

Posted by Honesty > 2021-11-12 18:20 | Report Abuse

No doubt the foreign investors is coming in and they all understand you need a high pressure and stress to form a diamond !!

Posted by risingstar21 > 2021-11-12 18:22 | Report Abuse

Dont play racist button

Posted by IdleMoney66 > Nov 12, 2021 6:01 PM | Report Abuse

Karim = Icon Bumiputera Entrepreneur
So Karim = Scammer ?
Then, Bumiputerea = ??

Posted by risingstar21 > 2021-11-12 18:23 | Report Abuse

Don't create racist issue here.

Be mature

Posted by i3lurker > 2021-11-12 18:24 | Report Abuse

Top Ten List of Celebrities who want to buy Serba shares cheap in order of appearance

KPMG

BURSA

EY

SC

Awanbiru

Fitch

"blank" (reserved for Nexia)

"blank"

"blank"

"blank"

Posted by wongchin > 2021-11-12 18:27 | Report Abuse

Karam pocketed how much divedend frm his 21% sd share n hw much his yearly income n claim anyone can calculate? My guess is 100 blue collar work life time also cant match his income wealth frm sd alone. And sir good or bad or release or not also his reputation is already a goner.

Posted by bojed > 2021-11-12 18:45 | Report Abuse

@Gerrardo: You said you never look at this grade but you seem so happy with Fitch giving B+ to Genting that you couldn't refrain yourself from posting this 3 days ago:

"Gerrardo Good news for GenM holders

Posted by ALrookie > Nov 8, 2021 8:57 AM | Report Abuse

KUALA LUMPUR (Nov 7): Fitch Ratings has assigned Genting Malaysia Bhd's indirect 49%-owned associate Empire Resorts Inc a final "B+" long-term Issuer default rating (IDR) following the closing of Empire Resorts' new US$300 million (about RM1.25 billion) senior secured bonds and fresh US$75 million holding company (HoldCo) loan.

In a statement on Friday (Nov 5, 2021), Fitch said it had also assigned a "BB+"/"RR1" rating to Empire Resorts' senior secured notes.

"The rating outlook is stable. The stable outlook reflects the property's recent healthy operating performance and regional gaming's broader solid recovery.

"Empire (Resorts) completed a recapitalisation that included US$300 million of senior secured notes, a new US$75 million HoldCo loan, and a US$150 million preferred equity investment by Genting Malaysia," Fitch said.
09/11/2021 3:35 PM"


https://klse.i3investor.com/servlets/cube/post/gerrardo.jsp

Oh the irony...

---------------------------------------------------------------------------

Gerrardo I never look at this grade actually

Hee

Posted by Trader258 > Nov 12, 2021 5:59 PM | Report Abuse

KUALA LUMPUR (Nov 12): Fitch Ratings has downgraded energy-service provider Serba Dinamik Holdings Bhd's long-term issuer default rating to "C" from "CCC-".

In a statement on Friday (Nov 12), Fitch said it has also downgraded the rating on the senior unsecured sukuk due May 2022 and March 2025 to "C", from "CCC-", with the Recovery Rating remaining at "RR4".

The rating agency said the downgrade follows the confirmation from Serba Dinamik that it had missed the interest payment on its 2022 senior unsecured sukuk and entered a 30-day grace period.
12/11/2021 6:05 PM

Posted by kamirise360 > 2021-11-12 18:49 | Report Abuse

Definitely no

Karim will just laugh if he saw this

Posted by 8dragon > Nov 12, 2021 5:49 PM | Report Abuse

Top 30 richest man in Malaysia will go bankrupt

Posted by kamirise360 > 2021-11-12 18:50 | Report Abuse

Do you think Tun Daim also never facing any failure?

Posted by Luckyboy88 > 2021-11-12 18:57 | Report Abuse

Real life experienced by pulling 2 and 1/2 friends of mine from wreakage called SD.

1) A professional by training who had invested 40000 shares around 1.69. I told him O&G are risky assets and adviced him to cash out while sky still shinny. I too asked him to switch to GENM when price is at historical low of rm2. After twice fail break 1.95, he heeded my words by cashing out around 1.9. The best part was he took all the capital into GENM around RM2.2. see GENM now (3.17). Escaped with profits and a happy man still holding GENM.

2) a loaded retiree uncle who always say hoot9e due to his gambling nature. He brought in big WA(0.22) while mother share already shown sign of weakness. He asked me how I see his pick and I gave him same advice. Whenever we met, he will buy me tea and say phew! lucky escape.

3) a housewife constantly looking for better yield compared FD. Invested heavily in accord her std. 60000 shares at 1.6. Only told me when alleged fraud making headlines. SD got twice limit down. I told her to cut everything whenever u see rebound. Managed to sold all around 0.9++, with a heavy heart. This I only counted half as her capital almost crippled. A painful investment venture goes awry.

There are still kind-hearted people around. I never stamped or bad mouth in SD forum for once.

Reasons why I didn't comments are :

1) it's non of my business, I sense their pain too.
2) I'm nobody in i3 forum, too many diehard fans , any negative comments will be ignored.

If only you personally know me, maybe can rewrite history. The experience seeing big O&G tumble 1 after another make the different as I also season investor in bursa.

Posted by risekita8 > 2021-11-12 18:57 | Report Abuse

Agree. Most of the big sharks will do like that.

Posted by shybutter > Nov 12, 2021 5:57 PM | Report Abuse

Do you really think Karim did put his all in one basket?

Surely not

Posted by risekita8 > 2021-11-12 18:59 | Report Abuse

I believe Karim have many other options in his pockets

Posted by IdleMoney66 > 2021-11-12 19:06 | Report Abuse

I didnt conclude anything here. What i surprise is Dato Karim can award Icon of Bumiputera Entrepreneur in last few years. I dont mean racist here

Posted by IdleMoney66 > 2021-11-12 19:06 | Report Abuse

Apple is apple, orange is orange

Posted by IdleMoney66 > 2021-11-12 19:07 | Report Abuse

A basket of apple does not equal a basket of orange

Posted by IdleMoney66 > 2021-11-12 19:07 | Report Abuse

There is never have mix genetic, unless we blended it haha

Posted by IdleMoney66 > 2021-11-12 19:08 | Report Abuse

i always trust Karim, this is what we always see in Malaysia

Posted by IdleMoney66 > 2021-11-12 19:13 | Report Abuse

Karim awarded Icon of Bumiputera entrepreneur. hahaha so ironic

Posted by BE_GREEEEEDY > 2021-11-12 19:13 | Report Abuse

before Karim , but now Karam ( sinking ) !

Posted by JJchan > 2021-11-12 19:24 | Report Abuse

Karim has made Bursa really Mad this time. No Courts in Malaysia Dare to challenge Bursa's
authority bcos it is delegated by Parliament ( The ultimate Law Maker of the Country )
Understand for the first time Bursa is directing more Asset to look into SB dealings---the shit
will Hit the ceiling Fan and all over the place

Posted by hanna20 > 2021-11-12 19:26 | Report Abuse

It wont change the SD image i think

Posted by Trader258 > Nov 12, 2021 5:59 PM | Report Abuse

KUALA LUMPUR (Nov 12): Fitch Ratings has downgraded energy-service provider Serba Dinamik Holdings Bhd's long-term issuer default rating to "C" from "CCC-".

In a statement on Friday (Nov 12), Fitch said it has also downgraded the rating on the senior unsecured sukuk due May 2022 and March 2025 to "C", from "CCC-", with the Recovery Rating remaining at "RR4".

The rating agency said the downgrade follows the confirmation from Serba Dinamik that it had missed the interest payment on its 2022 senior unsecured sukuk and entered a 30-day grace period

Posted by hanna20 > 2021-11-12 19:27 | Report Abuse

But he did extremely well previously to be honest

Posted by IdleMoney66 > Nov 12, 2021 7:13 PM | Report Abuse

Karim awarded Icon of Bumiputera entrepreneur. hahaha so ironic

Posted by dimmubroker > 2021-11-12 19:34 | Report Abuse

A lot of people acting smart right now

Posted by Prashan Ram > Nov 12, 2021 5:52 PM | Report Abuse

TehCPing, sounds smart when u provide commentary in hindsight right?