Posted by Nikmon > 2021-12-04 20:33 | Report Abuse

With all the legal case and EY finding, no possible get loan from commercial lender ..with this institute will definitely keep distance from this kind of counter.

Only left SD member and stupod retailer

Lol, confirm will delisted, is matter of time.

Posted by superrr > 2021-12-04 20:35 | Report Abuse

How do y expect in this counter ?
Fake A/c
Drama sue cases
Can't repayment debt
Can't fulfilled Bursa requirement
ETC.....

Posted by superrr > 2021-12-04 20:36 | Report Abuse

Follow pearlblack to holland..

Posted by Huangbk72 > 2021-12-04 20:43 | Report Abuse

That is not fraud..

That is market play...

Fraud is finding SD hand caught in the cookie jar.

KPMG saw SD hand in cookie jar

EY checked and saw SD hand in cookie jar


Depeche Plenty of ridiculous trading in Bursa..... weak FA counters can flyfrom RM2.xx to 3x.xx also jadi... fraud comes in other forms too....LOL

Posted by superrr > 2021-12-04 20:50 | Report Abuse

It won't make any difference , Been suspended in Holland..

Posted by Depeche > 2021-12-04 21:19 | Report Abuse

Nobody would have branded SD as fraud counter before May... it was a darling counter ppl will pay RM1.xx to buy, and still say it's cheap.... those were mostly sharks...not bilis....LOL

Posted by Prudentinv > 2021-12-04 21:44 | Report Abuse

Why no one suspect auditor, the edge and Bursa?

Posted by Prudentinv > 2021-12-04 21:46 | Report Abuse

Who is the auditor for 1MDB? Can the be always right?

Posted by Honesty > 2021-12-04 22:17 | Report Abuse

Assumption to Accusation to Denial to Disillusioned Reality to Repeat Old Stories and Name Calling !!
Daily Nay Sayers Activities, in order to brain wash people perception~~

Posted by Honesty > 2021-12-04 22:19 |

Post removed.Why?

Posted by Honesty > 2021-12-04 22:21 |

Post removed.Why?

Posted by zoizai > 2021-12-04 22:46 |

Post removed.Why?

Posted by wongchin > 2021-12-04 22:47 | Report Abuse

Pity all this promoter... promoting non stop on a death suspended counter. For what reason?? Must be a well paid job i guess.. or maybe u all r sd anak angkat...
Wakaka..

Posted by zoizai > 2021-12-04 22:49 |

Post removed.Why?

Posted by Honesty > 2021-12-04 22:50 |

Post removed.Why?

Posted by Honesty > 2021-12-04 22:51 | Report Abuse

Boring le ~~ ZzzzzZz
Time to sleep like a baby again~~

Posted by Legend > 2021-12-04 23:06 | Report Abuse

Mengantuk la....

Posted by superrr > 2021-12-04 23:12 | Report Abuse

I have seen a lot of delisted companies with many different tricks and reasons....

Posted by Prudentinv > 2021-12-04 23:50 | Report Abuse

If the auditor is wrong by making to public those unconfirmed audit issue, they will be sue for damages for company credibility, reputation that affect their financing for the day to day business. This damages will be huge.

Posted by Prudentinv > 2021-12-04 23:53 | Report Abuse

Serba would not sue the auditor and bursa if there is no ground. Use some common sense, please.

Posted by Huangbk72 > 2021-12-05 06:16 | Report Abuse

If you have common sense, you won’t be stuck with SD stocks. That’s the reality

1 auditor may make mistake

2 auditors won’t make same mistake

That’s also the reality.

Wake up la to reality…

Posted by Honesty > 2021-12-05 06:33 | Report Abuse

Assumption to Accusation to Denial to Disillusioned Reality to Repeat Old Stories and Name Calling !!
Daily Nay Sayers Activities, in order to brain wash people perception~~

Posted by Honesty > 2021-12-05 06:36 |

Post removed.Why?

Posted by Honesty > 2021-12-05 06:39 |

Post removed.Why?

Posted by Sslee > 2021-12-05 07:55 | Report Abuse

Time will inevitably uncover dishonesty and lies; history has no place for them. ...

Posted by Prudentinv > 2021-12-05 08:19 | Report Abuse

Huangby72, of course another auditor won't make the same mistake if there is no game play by certain group. Only people who are without wisdom cannot analysis this whole saga.

Posted by BobAxelrod > 2021-12-05 08:32 |

Post removed.Why?

Posted by BobAxelrod > 2021-12-05 08:49 |

Post removed.Why?

Posted by BobAxelrod > 2021-12-05 08:52 | Report Abuse

Notwithstanding any response, the bonds coupon payment on 8th Dec now cuts a step as to which direction this saga is pointing.

Posted by Honesty > 2021-12-05 08:57 |

Post removed.Why?

Posted by Honesty > 2021-12-05 08:57 |

Post removed.Why?

Posted by Honesty > 2021-12-05 08:58 | Report Abuse

All the they do is to come to the forum and complain this and that… Just like a cry baby !! Wakaka

Posted by BobAxelrod > 2021-12-05 09:00 |

Post removed.Why?

Posted by Honesty > 2021-12-05 09:00 | Report Abuse

Baby cant buy in and now become desperate so they vent frustration in the forum~~
Oh cry baby oh cry baby !!
Poor Thing ~~ wakaka

Posted by OpporturnityHunter > 2021-12-05 09:02 | Report Abuse

cry cry, ok lah, we got no internal information mah, you can say we have no common sense. Those who own the company, can say them brainless or not leh ?
-------------------------------------------------------------------------------------

Huangbk72 If you have common sense, you won’t be stuck with SD stocks. That’s the reality

1 auditor may make mistake

2 auditors won’t make same mistake

That’s also the reality.

Wake up la to reality…
05/12/2021 6:16 AM

Posted by Prudentinv > 2021-12-05 09:22 | Report Abuse

Again investment comes with risk. High gain high risk and low gain low risk or no risk. Put in fixed deposit with pidm no risk. Just like Alibaba present situation. There are people who see aportunity and there are people who run. A go or not a go is individual judgement and of course people who know more about the whole situation will have less risk. When you buy in means that you are prepare for what ever outcome. No need to bash people and the company.

Posted by BobAxelrod > 2021-12-05 09:34 |

Post removed.Why?

Posted by ǷearlꙌhite > 2021-12-05 09:34 | Report Abuse

.
This was my response previously.

Oct 28, 2021 2:42 PM | Report Abuse
.
As for [Case:SC2021-23643] - RE : Serba Dinamik Klse i3investor - Reports of Fraud accounting, I will post SC's response later when SIR is out.

Suffice to say, it will definately break the hearts of leno and psai3alert. So much efforts put in.

I wish to state that despite pressing for more explanations from SC, I was denied to SC's findings.
.
Depeche Pearlwhite. SC's conclusion to your report to SC...U said it once and say it again now that you'll reveal when SIR is out... can I assume u know the outcome of SC's investigations partially or wholly?
04/12/2021 6:56 PM

Posted by Faiza > 2021-12-05 09:47 | Report Abuse

Cash 300M vs borrowing more than 3B
Can arrhhh?

Posted by BobAxelrod > 2021-12-05 09:50 | Report Abuse

Can refresh and remind again the Bonds due in May, 2022?

Posted by superrr > 2021-12-05 10:11 | Report Abuse

I don't think able to repayment the Bonds due....Ten bottles with three caps, no able to cap the bottles...common sense.

Posted by ǷearlꙌhite > 2021-12-05 10:14 | Report Abuse

.
TheEdge : Having read Bursa's of Originating Summons and SIR - What is your conclusion?
by Pearlwhite 5th December 2021 10.12AM

The Edge in its feature length coverage on 29th November 2021 entitled “Bursa’s suits sheds more light on Serba Dinamik’s financials” sheds some very interesting lights on Bursa and The Edge.

In the four areas of SIR, it always begins in a paragraph or two that "EY shares the same concerns" or "EY found discrepancies". Thereafter, it continues with a repeat of KPMG's findings that was disclosed by Serba Dinamik in May 2021.

That narrative meant that that all of KPMG's findings are correct, in addition to more discrepancies that were found. So,

Firstly, the question is that does "EY shared the same concerns" or "EY found discrepancies" a conclusion that cannot be disputed? Not once was there any mention of words that suggests "finalisation", "completion", "conclusion" or some words towards that effect.

Secondly, there was never mention of any attempts to resolve the RM1.438 billion of audit discrepancies. Was this the reason why Bursa wanted it to be disclosed as EY was supposed to stop work (just like what KPMG did previously)?

Thirdly, nor was the fact that up to RM3 billion worth of audit discrepancies that was resolved was ever mentioned or more likely conveniently left out.

Finally, what is more intriguing, Bursa has given the option to Serba Dinamik to continue to complete the SIR with EY and in the event that EY resigns or is terminated, Serba Dinamik will appoint another auditor with international affiliation to complete the SIR.

This whole SIR saga deserves a re-look as there are too many discrepancies of it own.
.

Posted by BearBear6115 > 2021-12-05 11:02 | Report Abuse

Morning all, so what else we are waiting ?

Posted by Trader258 > 2021-12-05 11:15 | Report Abuse

Dirty business bangsat(s) needs to be buried deep and proper... NO exception.

Posted by i3lurker > 2021-12-05 11:16 |

Post removed.Why?

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

THE DANGER FAKE SENSE OF CONFIDENT THIS PHILIP HAS PROJECTED!

Alot of People would have remember Raider had a bet with Philip on QL Rm 6.70 v Insas Rm 0.67 for 2 years loh!
FYI raider had beaten Philip on this for consecutive year 1 & year 2 plus overall win loh!

The main reason why Raider decide to bet is due to arrogrance of Philip belittling Insas & Sifu Sslee which is a very sound margin of safety investment pick loh!

True to raider analysis Insas turn out a better investment than QL loh!
Yes QL is a good company but this Philip has no sense of value by over paying for this stock mah!. Remember W.Buffet says never over pay on your investment bcos it will drag down your return mah!
The valuation metrics of QL do not support QL share price when he bet with Raider loh!

Coming back to Innoprise, Philip recent pick...u will have notice that sifu calvin also promoted this stock loh! As usual General Raider agreed with most of sifu calvin palmoil stock selection as sound especially TAANN and BPlant but Innoprise is one of the few stock in which Raider has big reservation despite giving good decent dividend yield of 7% to 8% pa far exceed most plantation loh!

Why leh ?
1. Innoprise is a concession or Business Reits with very short term expiry coming in about 8 years term....meaning in 8 years time Sabah foundation can just take back their land by not renewing the concession loh!
2. There is a dispute between Sabah foundation and Innoprise on the quantum of the lease rental for the land that innoprise suppose to pay loh! This the sabah govt said Innoprise under paid them for many years loh! If Innoprise will to make good of this payment for many years, the company will not report such a good result anymore loh!
3. Given such a major dispute with the sabah govt the risk of non renewal of the concession is extremely high loh! Even renewed there will be big back payment & much higher future lease Rental needed that will affect its attractiveness of this stock.
4. Most Plantation own their lands with only a few exception like FGV and Innoprise operate on a concession basis loh! Under this model this company does not really benefit from appreciation of land prices which is a natural hedge against inflation mah!

Coming back another Philip high risk pick is yinson! This is touted by Philip as one of the best investment....u will need to becareful on Yinson loh!
1. Yinson has very high borrowings mah!
2. The FPSO has very long gestation period loh!
3. Oil & Gas have negative ESG and the trend are to shunned this type of business in the long run loh! What happen oil & gas collapse, yinson customer can usually just walk away leaving the company to carry the bags loh! This has happened b4 in the case of Armada loh!

I believe Yinson risk is like Serba loh....just be very careful when u look at Yinson...as based on past records Philip analysis had missed many critical area & his analysis are superficial with flaws as in the case of serba & scib. Philip is actually a high risk taker mah!

It is best u go for TAANN if u want to invest base on dividend yield as this stock can give 6%pa to 7%pa but if u want capital gain on land appreciation Bpland is the pick as it has big track of potential commercial & residential land at the cost of plantation mah. Its dividend yield also quite decent at 4% pa to 5% pa loh!
The above stocks is also calvin sifu pick loh!

Posted by klee > 2021-12-05 11:34 | Report Abuse

Raider 1 Philip 0.Philip shud shut up in i3.

Posted by PSAi3alert > 2021-12-05 11:42 | Report Abuse

THE REAL DANGER SIGNS THAT HAVE BEEN IGNORED

- PE Ratio that is 3-4 times bigger than those of comparable listed EMS companies in Nasdaq

- High percentage of foreign workers

- Dependence on Broadcom, which in turn, is dependent on Apple



Inari
Market Cap: USD 14.308B
PE 43.29
EPS: 8.94

_______________________________


Jabil
Market Cap: USD 8.507B
PE 12.96
EPS: 4.58

Flextronics
Market Cap: USD 8.17B
PE 8.8
EPS: 1.97

Plexus
Market Cap: USD 2.497B
PE 18.74
EPS: 4.76

Sanmina Corp
Market Cap: USD 2.44B
PE 9.46
EPS: 4.12

Celestica
Market Cap: USD 1.301B
PE 14.4
EPS: 0.72
05/12/2021 11:40 AM

Posted by PSAi3alert > 2021-12-05 12:36 | Report Abuse

Cash (less pledged FD) as at 30th Sep 2021 was RM 244.926M.

SDHB’s then chairman, Mohammed Ilyas, has filed an affidavit stating that:
- all of the company’s entities as shown below had their banking facilities frozen due to the “negative publicity” surrounding the company
- is a “game changer event” that has thrown SDHB into a “tail-spin”.


Debt that is almost RM 4 billion and banking facilities frozen:

--->>> is not a "game changer event", its a "game over event"

--->>> Stop singing "Don't dream it's over". "It's really over!"


FACILITIES FROZEN:


Serba Dinamik Holdings Berhad
HSBC Amanah Malaysia Berhad, Syndicated Term Financing : RM 1.2 billion
HSBC Amanah Malaysia Berhad, Revolving Financing-i (USD) : USD 25 million (RM 106.9 million)

-->> Total Serba Dinamik Holdings Berhad : RM 1,306.9 million


Serba Dinamik Group Berhad
HSBC Amanah Malaysia Berhad, Commodity Murabahah Financing-i: RM 30.8 million
Affin Islamic Bank Berhad, Tawarruq TF-i: RM 33.4 million
MBSB / Bank Rakyat, Islamic Club Term Financing: RM 224 million
Hong Leong Islamic Bank, Flexi Term Financing-i : USD 47 million (RM 196.6 million)

-->> Total Serba Dinamik Group Berhad : RM 484.6 million


Serba Dinamik International Ltd
Standard Chartered Saadiq, Syndicated Murabaha Term Financing : USD 50 million
Standard Chartered Saadiq, Trade Finance Facilities, LCs, Guarantees: USD 43 million
RHB Islamic Bank Berhad, Trade Finance Facilities, LCs, Guarantees: USD 25 million
Bank of China (Malaysia) Berhad, RCF, LCs, FX Loan, Trust Recipt: USD 30 milliion
HSBC Amanah Malaysia Berhad, Trade Financing Facilities, LCs: USD 47 million
Mizuho Bank (Malaysia) Berhad, Commodity Murabaha Financing-i Revolving Credit: USD 20 million

-->> Total Serba Dinamik International Ltd: USD 215 million ( RM 903 million)


Serba Dinamik Sdn Berhad
Ambank Islamic Bank Berhad, Syndicated term Financing-i Facility: RM 100 million
Standard Chartered Saadiq, Syndicated term Financing-i Facility : RM 100 million
CIMB Bank Berhad, Overdraft, LC, Guarantee : RM 4 million
Standard Chartered Saadiq, Trade Finance Facilities, LCs, Guarantees : RM 85 million
Standard Chartered Saadiq, Receivable Financing : RM 130 million
SME Bank, Bai' Inah (BIN) Term Financing : RM 8 million
HSBC Bank, Receivables Financing : RM 200 million
HSBC Bank , Trade Finance Facilities, LCs, Guarantees : RM 40 million
Affin Islamic Bank Berhad, Cash Line, Guarantee : RM 15 million
Hong Leong Islamic Bank, Commodity Murabaha Revolving Credit-i, Islamic Trade Financing-i : RM100 million
RHB Islamic Bank Berhad, Trade Finance Facilities, FX Line : RM 50 million
Ambank Islamic Bank Berhad, Trade Finance Facilities : RM 45 million
Al-Rajhi Bank, Trade Finance Facilities, LCs, Guarantees : RM 17.9 million
Malayan Banking Berhad, Term Loans, Overdraft, Commodity Murabahah Term Financing-i : RM 10 million
Public Islamic Bank, Term Equity Financing, Cash Line, Overdraft : RM 18.8 million

-->> Total Serba Dinamik Sdn Berhad : RM 923.7 million


SD Advance Engineering Sdn Bhd
Alliance Bank Malaysia Berhad, Overdraft, Trade Facilities : RM 9.5 million

-->>> Total SD Advance Engineering Sdn Bhd : RM9.5 million



Faiza Cash 300M vs borrowing more than 3B
Can arrhhh?
05/12/2021 9:47 AM

Posted by superrr > 2021-12-05 12:44 | Report Abuse

Ten bottles with three caps, no able to cap the bottles...common sense.