Posted by dimmubroker > 2021-11-12 19:35 | Report Abuse

Many give comments like they are really expert in this matter now regarding SD.

Sometimes it really funny to be read

Posted by JJchan > 2021-11-12 19:37 | Report Abuse

Also for the first time, i really Doubt SB's books are Real ( one set Or 3 set )----Hear SB got 500mil
Cash but unable to pay sukuk interest of only 30mil

Posted by Huangbk72 > 2021-11-12 19:49 | Report Abuse

Never read cash column… can be easily manipulated.

Study FCF and OCF, harder to play with

Posted by drken91 > 2021-11-12 19:52 | Report Abuse

anyway, here's for some of the shareholders here too looking for answers from Sueba Dinamik

Contact the Befrienders
03-76272929

stay strong, lets not bash those who stayed on the sinking ship, but give them lifeboats for them to sing on.

Posted by Jay_bossy > 2021-11-12 20:13 | Report Abuse

No one knows the really outcome. Keep comment peeps. Nothing gonna change anything.

Posted by leno > 2021-11-12 20:15 | Report Abuse

Conman got Trapped together.

Canteeeeeeeeeeeeeeeekk !!

Posted by Jay_bossy > 2021-11-12 20:16 | Report Abuse

https://www.theedgemarkets.com/article/after-terminating-six-epcc-contracts-abroad-scib-secures-rm64-mil-job-kl

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

CB !! Jialat ~~ Mampus

Posted by InterFund® > 2021-11-12 20:19 | Report Abuse

Limit up soon...............................

Posted by leno > 2021-11-12 20:19 | Report Abuse

Try to con other people
end up con ownself

CANTEEEEEEEEEEEEEKKKK !!

Posted by dianatrader > 2021-11-12 20:23 | Report Abuse

I heard that SD questions on EY appointment.

Actually EY was appointed by SD or Bursa?

Posted by dianatrader > 2021-11-12 20:24 | Report Abuse

And if Bursa whom appointed the EY, is it under his capacity or jurisdiction to do that?

Just curious to know

Posted by Zackmeiser > 2021-11-12 20:24 | Report Abuse

Cash flow is the main issue now.

Pop pop

Posted by alieyasmart > 2021-11-12 20:28 | Report Abuse

Actually do they really have that issue?

Posted by Zackmeiser > Nov 12, 2021 8:24 PM | Report Abuse

Cash flow is the main issue now.

Pop pop

Posted by alieyasmart > 2021-11-12 20:29 | Report Abuse

I actually think Karim can handle that cash flow.

But now, the main thing to be solve is that AR and SIR

Posted by Sandlejepon > 2021-11-12 20:32 | Report Abuse

Lawan tetap lawan.hahaha

Posted by Beautyseeker > 2021-11-12 20:44 | Report Abuse

Who con who?

Posted by leno > Nov 12, 2021 8:19 PM | Report Abuse

Try to con other people
end up con ownself

CANTEEEEEEEEEEEEEKKKK !!

Posted by Beautyseeker > 2021-11-12 20:44 | Report Abuse

Yes. Should solve on SIR

Posted by alieyasmart > Nov 12, 2021 8:29 PM | Report Abuse

I actually think Karim can handle that cash flow.

But now, the main thing to be solve is that AR and SIR

Posted by Mini Bull > 2021-11-12 20:52 | Report Abuse

All waiting to sell, RM0.005 coming

Posted by wolfbroker > 2021-11-12 20:55 | Report Abuse

Who is waiting?

Posted by Mini Bull > Nov 12, 2021 8:52 PM | Report Abuse

All waiting to sell, RM0.005 coming

Posted by wolfbroker > 2021-11-12 20:57 | Report Abuse

Until today Public Bank still advise to HOLD.

Interesting.

PublicInvest Research Headlines - 12 Nov 2021
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.31
Last Price : 0.35, Upside/Downside : -0.04(11.43%)

Posted by BE_GREEEEEDY > 2021-11-12 21:03 | Report Abuse

hmmm.... Together We " Karam " ( Sink)...

Posted by tvz32 > 2021-11-12 21:19 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/11/12/serba-dinamik-clarifies-it-has-30-days-to-pay-coupon-payment-for-us300m-sukuk

Posted by bojed > 2021-11-12 21:22 | Report Abuse

What's more interesting is that they called for hold but gave TP -4 sen from SD's current price.

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

wolfbroker Until today Public Bank still advise to HOLD.

Interesting.

PublicInvest Research Headlines - 12 Nov 2021
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.31
Last Price : 0.35, Upside/Downside : -0.04(11.43%)
12/11/2021 8:57 PM

Posted by alenac > 2021-11-12 21:27 | Report Abuse

Several big funds including Public got caught big time besides sardines here ranting and gloating all day long. Not listening to experience punters here is a big mistake. Thinking that a few good comment buddies warning since early June and suspecting that they are just trying to buy low is a big mistake. Greedy people deserved to lose all.

Posted by wolfbroker > Nov 12, 2021 8:57 PM | Report Abuse

Until today Public Bank still advise to HOLD.

Interesting.

PublicInvest Research Headlines - 12 Nov 2021
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.31
Last Price : 0.35, Upside/Downside : -0.04(11.43%)

Posted by ming > 2021-11-12 21:27 | Report Abuse

At least still got balls to call now~

Posted by JJchan > 2021-11-12 21:36 | Report Abuse

seriously-- Karim should leave for Kazakhstan tomolo. DonT attend next court case. With the # of
assets Bursa throw at SB anything can happen between now and next court meeting

Posted by Kakume > 2021-11-12 21:37 | Report Abuse

KUALA LUMPUR (Nov 12): The Securities Commission Malaysia (SC), which does not usually comment on its investigations, broke its silence in view of the legal suits by Serba Dinamik Holdings Bhd against its former auditor KPMG, Bursa Malaysia, and Ernst & Young Consulting Sdn Bhd (EY) that it appointed to conduct a special independent review (SIR).

The SC told The Edge that the commission had raided several of Serba Dinamik’s offices on May 18 to secure documents and relevant evidence after it had received a “Section 320 of the Capital Markets and Services Act 2007 (CMSA) notice” from KPMG.

The regulator assures the investing public that it has made progress on its investigation and additional resources have been added to the team to ensure the investigation is completed in a timely manner.

As the capital market regulator, the SC stressed that it is empowered under securities laws to investigate and enforce any transgression or potential transgression of securities laws, SC guidelines and rules of the stock exchange.

“The SC will evaluate all available evidence and take any appropriate action as is deemed necessary. As investigation is ongoing, the SC is not able to comment further on this,” said the SC in an email reply to The Edge.

In the course of its investigation, the SC said it received and granted a request from EY to have access to documents and evidence seized by the SC during the raid as EY was having difficulties obtaining complete documentation from Serba Dinamik on several aspects of its review.

Subsequently, the SC issued a Section 152 Securities Commission Malaysia Act 1993 (SCMA) notice to require EY to disclose its SIR findings for the SC’s review, according to the email reply.

Posted by paulthesotong > 2021-11-12 21:42 | Report Abuse

Its customers are also its cronies n its cronies are also its customers sound confusing!!!

Posted by leno > 2021-11-12 21:43 | Report Abuse

#tangkapkarim

Posted by alenac > 2021-11-12 21:46 | Report Abuse

Next change, what is cumming for Chef? Interesting development, but many have lost money big time expecting Serbak to recover. Next Serbak will be with the receiver appointed by the creditors?

"The regulator assures the investing public that it has made progress on its investigation and additional resources have been added to the team to ensure the investigation is completed in a timely manner."

Posted by whocare1982 > 2021-11-12 21:47 | Report Abuse

https://youtu.be/bDCaliZz5Pg

Posted by i3lurker > 2021-11-12 21:51 | Report Abuse

of course I will suggest to those Creditors and Bondholders to appoint KPMG as the Receivers and Managers duly Appointed

Posted by abang_misai > 2021-11-12 21:53 | Report Abuse

Ya. Kasi tangkap dia

Posted by gemfinder > 2021-11-12 21:57 |

Post removed.Why?

Posted by paulthesotong > 2021-11-12 21:57 | Report Abuse

" bankruptcy filings, administrations, receivership, liquidation winding up" before Christmas???

Posted by joyvest > 2021-11-12 21:58 | Report Abuse

Pathetic.

1.Serious probe is conducted by SC following the findings confirmed by EY.
2. Criminal proceedings shall be followed when fraudulent activities are affirmative.
3.Delisting is inevitable
4.Default of loan is prominent
5.Receivership is imminent
6.Liquidation is the final nail to the coffin
7.One man weeps and make another man sing....

Posted by i3lurker > 2021-11-12 22:08 | Report Abuse

Hooray!!!

shortage of coal
need to buy some cheap tables and chairs from Serba to use as firewood
also maybe got lots of toilet rolls there as staff esos all pangsai

hopefully KPMG can charge RM20 million as Receivers and Managers fees



=> One man weeps and make another man sing....

Posted by BE_GREEEEEDY > 2021-11-12 22:09 | Report Abuse

before he is Kareem ,..but now " Karaam "...(sinking )

Posted by alenac > 2021-11-12 22:13 | Report Abuse

2 or 3 years down the road or even earlier, if it happens, don't be surprised whatever assets left would be bought over by connected people of the previous management. Welcome to the corporate world.

Posted by i3lurker > Nov 12, 2021 10:08 PM | Report Abuse

Hooray!!!

shortage of coal
need to buy some cheap tables and chairs from Serba to use as firewood
also maybe got lots of toilet rolls there as staff esos all pangsai

hopefully KPMG can charge RM20 million as Receivers and Managers fees



=> One man weeps and make another man sing....

Posted by bojed > 2021-11-12 22:13 | Report Abuse

That's because you weren't here back in May/June this year.

In fact, your first post in SD's thread this year was only two days ago:

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

No wonder you have no idea what happened here 6 months ago.

Go and take a seat in the corner and have a little bit of respect for yourself.

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

InvestorKING 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

Only Wise and smart investors after reading this, will know why? For this who trapped at high price, should average down from now.
12/11/2021 4:24 PM

Posted by shpg22 > 2021-11-12 22:13 | Report Abuse

#tangkapkarim
jangan bagi lari

there goes Elon musk of Malaysia

Posted by wongchin > 2021-11-12 22:34 | Report Abuse

Cash flow definetely a big issue. Imagine 24 million also cant get frm banker. What abt 100 n 200 million? Kasse elek ....

Posted by babanono > 2021-11-12 22:43 |

Post removed.Why?

Posted by serbatipu > 2021-11-12 22:45 | Report Abuse

Glove fak off la

Posted by InterFund® > 2021-11-12 22:47 | Report Abuse

hahahahahaha.................. https://focusmalaysia.my/serba-clarifies-missed-sukuk-coupon-sum-its-us7m-not-us9-45m

Posted by NatsukoMishima > 2021-11-12 22:49 | Report Abuse

The Fitch rating system is as follows:

Investment grade

AAA: companies of exceptionally high quality (established, with consistent cash flows)
AA: still high quality; still has a low default risk.
A: low default risk; slightly more vulnerable to business or economic factors
BBB: a low expectation of default; business or economic factors could adversely affect the company

Non-investment grade

BB: elevated vulnerability to default risk, more susceptible to adverse shifts in business or economic conditions; still financially flexible
B: degrading financial situation; highly speculative
CCC: a real possibility of default
CC: default is a strong probability
C: default or default-like process has begun
RD: issuer has defaulted on a payment
D: defaulted

Karam stocks are belong to which grade ????

Posted by Kakume > 2021-11-12 22:50 | Report Abuse

Karim will use Sarawak government to rescue, to pressure PM to fire the SC and Bursa CEO, both woll be replaced soon. LOL

Posted by icon2021 > 2021-11-12 22:50 | Report Abuse

More court cases meaning that more time to drag down everything and everyone... whatever related to litigation could involve appeal.. a long way to go..

Posted by shpg22 > 2021-11-12 22:52 | Report Abuse

C - on the way to holland
Please give us 30days to pack and runaway.
TQ