Posted by arv18 > 2021-12-12 19:37 | Report Abuse

Time and time again, b.umiputera M.alay O&G companies follow the same pattern. Look and you will see the market littered with such failures:

i) Sapura Petroleum
ii) Daya Materials
iii) Perdana Petroleum
iv) Serba Dinamik
v) Perisa Petroleum
vi) Scomi Group
vii) Velesto Energy

and the list goes on...

Nothin new. It will always come to pass. Same ol same ol.

Posted by superrr > 2021-12-12 19:42 | Report Abuse

Knm also having bond defaulted..

Posted by fms016 > 2021-12-12 20:06 | Report Abuse

when resume?? still cannot release report??
not sure why auditor hard to release result..Block 7 investment still ongoing..now can see EY as partners..

look at the news, Serba Dinamik via Efire still related to this project..

from :- https://www.block7investments.com/event/new-innovation-hub-to-come-up-in-abu-dhabi

Abu Dhabi: ZonesCorp, one of the largest operators of purpose-built economic zones in the United Arab Emirates has signed an agreement with Block 7 Investments, a joint venture between EFIRE Capital Holdings Limited of Abu Dhabi and Serba Dinamik Holdings Berhad of Malaysia, that will see the development of the Block 7 Innovation Hub in the heart of the Industrial City of Abu Dhabi (ICAD).

The new development caters to key sectors like healthcare, computer science, robotics, mobility, renewable energy and sustainable advance materials. Block 7 is designed to function as a breeding ground for innovation driven industries with ultra-modern infrastructure, robust services, and a unique setup that links intelligent living space leveraging ZonesCorp’s existing manufacturing ecosystem and serves as a platform for tech start-ups.

The development of the Block 7 Innovation Hub will take advantage of ZonesCorp’s Advanced Manufacturing Cluster, a leading regional manufacturing hub that will also service the biopharma, environmental technologies, mobility, and ICT sectors amongst others.

Spread over 820,000 square metres, it will also include a host of dedicated IT facilities, smart office complexes, exhibition centres, as well as retail and entertainment spaces.

The agreement was signed by Mohamed Al Khadar Al Ahmed, Chief Executive Officer, ZonesCorp, and Dato’ Dr. Ir. Mohd Abdul Karim Bin Abdullah of Block 7 Investments LLC as part of a ceremony hosted at ZonesCorp’s headquarters, in the presence of Abdullah Al Hameli, Head of Industrial Cities and Free Zone Cluster at Abu Dhabi Ports.

“The announcement of the Block 7 Innovation Hub development in the Industrial City of Abu Dhabi marks a key milestone in the emirate’s progressive efforts to position Abu Dhabi as a world-leading hub for innovation,” said Al Hameli .

“In line with the leadership’s vision to foster a sustainable economy driven by innovation, the Innovation Hub’s promise of intelligent living will complement Abu Dhabi’s industrial strength and create numerous opportunities for coming generations of youth to venture into some of the world’s most transformative industrial fields.”

“Leveraging ZonesCorp’s growing industrial ecosystem, this project will not only deliver ground-breaking concepts and solutions for the benefit of the global manufacturing industry, but will also showcase how we can combine technology, innovation, and the human element within a single environment,” said Mohamed Al Khadar Al Ahmed, Chief Executive Officer, ZonesCorp.

Posted by Mabel > 2021-12-12 21:36 |

Post removed.Why?

Posted by Mabel > 2021-12-12 21:39 |

Post removed.Why?

Posted by Mabel > 2021-12-12 21:41 |

Post removed.Why?

Posted by Mabel > 2021-12-12 21:47 |

Post removed.Why?

Posted by jeffchan1901 > 2021-12-12 21:49 | Report Abuse

@arb18 dont forget Sumatec!!!!

Posted by arv18 > 2021-12-12 22:08 | Report Abuse

O ya! Silly me. Serba is not lonely! It has a good friend named Sumatec! hahaha.

Sumatec Resources continues to be suspended

https://www.thestar.com.my/business/business-news/2021/10/08/sumatec-resources-continues-to-be-suspended

Posted by Mabel > 2021-12-12 22:12 | Report Abuse

#Huangbk72 Mabel What's wrong for me defend Serba?

It has been a great company until this KPGG Fiasco..

Everyone deserves a 2nd chance..

Meow


Everyone deserves a 2nd chance:. Both you and SD

SD 2nd chance failed again when EY confirmed KPMG findings

Your 2nd chance failed when you keep glorifying SD after EY confirmed KPMG findings

To more you post, the more it shows your lack of knowledge of financials and exposed as a fraud.

Why do I even have to be paid for postings?

I’m here to kill snakes and collect good Karma.
12/12/2021 7:07 PM

You are talking about you ke?

Have you ever wonder why the supporters are defending Serba.?

That's because they have put their own stakes in this company..

What financial number are you talking about?

During Covid-19 many companies has their own issues and it goes across Bursa..

I'm sure over time Serba will make a strong comeback from the current shortcomings. . I have seen this has happened before in many companies..

If Serba is that bad why are you still here bad mouth Serba?

2 to 3 years from now you all will thanks us who stood by Serba in time of needs..

Meow

Posted by kfbusjd > 2021-12-12 22:14 | Report Abuse

For Sumatec, In view of the winding up order against the company, the suspension of trading will continue until further notice, said Bursa Securities. So delisting means winding up?

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

y is karim still not in prison?
in sg for daugher delivery also kah?

Posted by Huangbk72 > 2021-12-12 22:17 |

Post removed.Why?

Posted by bobvic96 > 2021-12-12 22:24 | Report Abuse

Second chance:
Every guilty person gets a second chance after they have served their time in prison.

Posted by MrsLim > 2021-12-12 22:33 | Report Abuse

Greatech or GreatScam?

As at 10th Dec 2021, Greatech's market cap was at a dizzying level of RM8,464M and PE ratio that is close to 100.

Greatech's website at greatech-group.com listed it's product and services as - Solar, Electronic Devices, Semiconductor, Life Science, Energy Storage and Glass Substrate.

It's FY2020 annual reported that Customer A, Customer B and Customer C accounted for 95% of the year's revenue. (Between 2019 and 2020, contribution by Customer B dropped by almost RM104M but a new Customer C contributed RM158M in 2020, a period of global pandemic).

Receivables increased sharply to RM125.559M for the quarter ended 30 September 2021.

Taxes paid for the first 9 months of 2021 is only 0.8% of PBT.

It appears that Greatech derived it's revenue primarily from EV customers.

However, the customers have not been specifically named, with the exception of Atlis Motor Vehicles. Altis Motor Vehicles is just a start-up and the amount of money that it has managed to raised through crowdfunding was only about USD5M.


--->>> Without paying taxes, a company can report high profits just by shipping empty boxes.

--->>> While revenue has increased by 174% for the first nine months of 2021, trade receivables and contract liabilities increased by 237% to reach RM237.344M

--->>> Greatech's customers are dubious

--->>> Greatech's only customer that was named is Altis Motor Vehicles

--->>> By doing fund raising through Instagram and crowdfunding, Altis Motor Vehicles also appears to be a dubious company

--->>> Aturmaju Resourses also has questionable customers and financials and currently has a PE ratio of 2

--->>> At a PE of 2, Greatech's share price is worth only RM0.14/share (2019 PAT RM87.847 x 2 / 1252)



__________________________ 30/09/2021 ______ 30/12/2020
Trade and other receivables ___ 125.559M _______ 41.459M
Contract liabilities ___________ 111.785M ________ 58.349M

Cumulative 9 months _________ 30/09/2021 ______ 30/12/2020
Revenue ___________________ 326.83M ________ 184.78M
Cost of sales ________________ (197.072M) ______ (107.209M)
Gross Profit _________________ 132.761M _______ 77.571M
PBT _______________________ 114.983M _______ 60.144M

Tax expense ________________ (0.947M) ________ (0.806M)

Net Profit __________________ 114.036M ________ 59.338M


https://www.theedgemarkets.com/article/greatechs-us-unit-wins-battery-purchase-order-new-electric-vehicle-customer

KUALA LUMPUR (April 5): Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells.

“This new order confirms that our customer has confidence in our technology, quality and reliability of our high-tech equipment,” the industrial automation solutions provider said in a statement.

The identity of the customer and the value of the purchase order were not disclosed.

Page 112
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207121&name=EA_DS_ATTACHMENTS

___________________ FY2020 __________ FY2019
Customer A _________ 48,035.960M _____ 47,744.048M
Customer B ________ 42,054.731M ______ 146,268.945M
Customer C ________ 158,117.222M ______ *
Total _____________ 248,207.913M ______ 194,012.993M


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207121&name=EA_DS_ATTACHMENTS
Page 19
In August 2020, the Group successfully secured our first order for a PLS from a new customer in the EV energy storage.

As announced in February 2021, through our wholly owned subsidiary, Greatech Integration (USA) Inc. has successfully inked a partnership agreement with Atlis Motor Vehicles, Inc.

In early April 2021, the subsidiary successfully secured its first purchase order in USA from a new EV customer for equipment for the production of lithium-ion battery cell.


Atlis Motor Vehicles R&D products: Atlis Energy, XP Platform, XT Pickup

Crowd Funding by Atlis Motor Vehicles
https://investinatlismotorvehicles.com/
Investors: 4,108
Raised: USD 4.999M



Mabel #rchi Mabel,not wise to waste energy to defend this piece of S*it.Better spend time monitoring your winning trade like greatec.Going forward,Fed likely hasten monetary tapering.More s*its will join this one n atamis m mgrc.
12/12/2021 6:52 PM

Cheers to Greatech.

Greatech has been a Darling..

Bought since IPO and it keeps giving Mabel endless orgasm...

To our success

Meow
12/12/2021 9:41 PM

Posted by Mabel > 2021-12-12 22:54 | Report Abuse

#Huangbk72 fraud accounting is not bad for you?

I wonder what really is bad for you?

No need 2-3 years.. wont last past 6 months

Hope you sleep like a baby and happy about losing 100% of your money invested

I pity those people that listened to you and buy into SD
12/12/2021 10:17 PM

Innocent until proven guilty..

Enough said..

Posted by i3lurker > 2021-12-12 22:59 | Report Abuse

MrsLim

1) => Greatech main subsidiary has pioneer status, its tax free until 2023

2) => for a company that is only 3 years old, it will not be so easy to do public desk audit on it.
Lack of data will mean that if you input into some "wink wink" templates, all kinds of flashing lights will blink.
And it will not be fair or an honorable thing to do to this company.

3) => 5 years old will be an adequate time to draw some conclusions either way good or otherwise.
You heard about the saying fengshui master 10 years 8 years???

Posted by leno > 2021-12-12 23:22 | Report Abuse

yup .. najib anak cibye say the same thing.

Posted by Sslee > 2021-12-12 23:37 | Report Abuse

Innocent until proven guilty.. not applicable in stock market.

On stock market “Buy on rumours, sell on news.” and run for your life when suspect red flag for fraud or bookcooking.

Posted by i3lurker > 2021-12-12 23:39 | Report Abuse

3iii already gave you solution

run for your life when auditors give first hint

Posted by InterFund® > 2021-12-12 23:49 |

Post removed.Why?

Posted by Sslee > 2021-12-13 00:00 | Report Abuse

Haha i3lurker,
The first sign of something not right when you have funatic SD supporter threatening i3 blogger:

JensenChin Have Screenshot this post and sent to Serba’s legal counsel again.

Will follow up on the email to legal counsel, police report and report made to MCMC on baseless accusation and fake news spread by Choivo Capital.

Hope Choivo Capital will be sued for spreading fake news

Don’t think you deleted the post you can’t be tracked.
22/11/2017 10:26 AM

Posted by MrsLim > 2021-12-13 00:02 | Report Abuse

i3lurker,

Don't need to wait for 5 years. Can just read tea leaves to know the future.

You already saw the future in another counter.


THE PRESENT

Top Glove
_______________ 3 months ended (MYR in millions)

___________________30th Nov 2021 ___ 30th Nov 2020 __ change
Revenue ___________ 1584.12 ________ 4758.33 _______ -66.71%
Cost of sales ________ 1367.06 ________ 1712.23 _______ -20.16%
Operating Profit ______ 260.55 _________ 3084.84 _______ -91.55%
PBT _______________ 258.85 _________ 3084.66 _______ -91.61%
Profit for the period ___ 202.37 _________ 2387.26 _______ -91.52%

Assets
Cash & equivalents ___ 894.95 _________ 878.45 ________ 1.88%
Inventories __________ 997.03 _________ 1144.71 _______ -12.90%
PPE _______________4090.38 _________3958.72 _______ 3.33%
Total Assets _________ 9017.49 ________ 9782.42 _______ -7.82%

Profit / Revenue ______ 12.78% _________ 50.17%
Profit / Assets ________ 2.24% __________ 24.40%
Cash / Total Assets ____ 9.92% __________ 8.98%
Revenue / Inventories _ 158.88% _________ 415.68%


Sri Trang Gloves
_______________ 3 months ended (THB in millions)

___________________ 30th Sep 2020 ___ 31st Dec 2020 __ change
Revenue ____________ 10864.03 _______ 8192.64 _______ 32.61%
Cost of sales _________ 5272.87 ________ 3265.46 _______ 61.47%
Operating Profit _______ 4987.23 ________ 4827.02 _______ 3.32%
PBT ________________ 4982.50 ________ 4803.48 _______ 3.73%
Profit for the period ____ 4532.82 ________ 4404.77 _______ 2.91%

Assets
Cash & equivalents ____ 25414.22 _______ 24273.99 ______ 4.70%
Inventories ___________ 5297.88 ________ 3266.36 _______ 62.20%
PPE ________________ 17203.49 _______ 9736.82 _______ 76.68%
Total Assets __________ 53045.63 _______ 44235.90 ______ 19.92%

Profit / Revenue _______ 41.72% ________ 53.76%
Profit / Assets _________ 8.55% _________ 9.96%
Cash / Total Assets _____ 47.91% ________ 54.87%
Revenue / Inventories ___ 205.06% _______ 250.82%


THE PAST

At an output of 600k plus metric tonnes per year, Malaysia ranks 6 in terms of major producer of latex. The biggest producer of latex is Thailand with close to 5M metric tonnes per year.

Malaysian glove factories use only 8% of locally sourced rubber. 92% is imported from Thailand.

Rubber price has increased from USD1.33/kg in April 2020 to USD2.37/kg in March 2021 before moderating to USD1.93/kg in Nov 2021



i3lurker MrsLim

1) => Greatech main subsidiary has pioneer status, its tax free until 2023

2) => for a company that is only 3 years old, it will not be so easy to do public desk audit on it.
Lack of data will mean that if you input into some "wink wink" templates, all kinds of flashing lights will blink.
And it will not be fair or an honorable thing to do to this company.

3) => 5 years old will be an adequate time to draw some conclusions either way good or otherwise.
You heard about the saying fengshui master 10 years 8 years???
12/12/2021 10:59 PM

Posted by MrsLim > 2021-12-13 00:39 | Report Abuse

Erratum on Sri Trang's date of financial indicators.

Should be 30th Sep 2021 (not 2020)


Sri Trang Gloves
_______________ 3 months ended (THB in millions)

___________________ 30th Sep 2021 ___ 31st Dec 2020 __ change
Revenue ____________ 10864.03 _______ 8192.64 _______ 32.61%
Cost of sales _________ 5272.87 ________ 3265.46 _______ 61.47%
Operating Profit _______ 4987.23 ________ 4827.02 _______ 3.32%
PBT ________________ 4982.50 ________ 4803.48 _______ 3.73%
Profit for the period ____ 4532.82 ________ 4404.77 _______ 2.91%

Assets
Cash & equivalents ____ 25414.22 _______ 24273.99 ______ 4.70%
Inventories ___________ 5297.88 ________ 3266.36 _______ 62.20%
PPE ________________ 17203.49 _______ 9736.82 _______ 76.68%
Total Assets __________ 53045.63 _______ 44235.90 ______ 19.92%

Profit / Revenue _______ 41.72% ________ 53.76%
Profit / Assets _________ 8.55% _________ 9.96%
Cash / Total Assets _____ 47.91% ________ 54.87%
Revenue / Inventories ___ 205.06% _______ 250.82%

Posted by shareinvestor888 > 2021-12-13 07:00 |

Post removed.Why?

Posted by Mabel > 2021-12-13 07:53 |

Post removed.Why?

Posted by SHQuah > 2021-12-13 08:00 | Report Abuse

Good luck to SD and everyone.

Posted by arv18 > 2021-12-13 08:20 | Report Abuse

Weird isn't it?

Must be paid or mentally ill.

No normal person wastes time furiously promoting a suspended counter (Sumatec 2.0).

Having a good laugh with Mabels delusional posts :)

Cheers!

_______________________________________
Posted by shareinvestor888 > Dec 13, 2021 8:08 AM | Report Abuse

Relaks la Ah Kua Mabel.

No need to desperately promote other stocknames at Serba forum everyday including weekends.

Posted by Mabel > 2021-12-13 08:26 | Report Abuse

Hahaha keep cheering..

You guys and gals are doing a great job..

Despite suspension, Serba is consistently up on the podium

Let Karim and his boys, Bursa and SC do their job. They are working for us..

Based on Snow White updates there's lots of things happening in the background.. So just be patient and be prepared with the two scenarios..

Have a great week!

Meow

Posted by joyvest > 2021-12-13 08:29 | Report Abuse

efence hopelessly

They have no choice but to defend SD where their stakes are now..

They are self comforting themselves ( not sure if they are delusional or self deceiving) as if everything is going to be alright contrary to what is happening now....

EVentually the reality does set in and their stakes will be sunk with it to the seabed like the gigantic titanic....

Posted by shareinvestor888 > 2021-12-13 08:40 |

Post removed.Why?

Posted by BobAxelrod > 2021-12-13 09:07 |

Post removed.Why?

Posted by hijau belalang > 2021-12-13 09:07 | Report Abuse

any development?
still waiting?

Posted by hijau belalang > 2021-12-13 09:13 | Report Abuse

must have more by now
will take longer time
the process is complex

Posted by hijau belalang > 2021-12-13 09:28 | Report Abuse

is there any given date?
i think not yet right
or depends on BUrsa?

Posted by superrr > 2021-12-13 09:40 | Report Abuse

Mabel 60+, I am 182 height previous Karate master. If 182 is short then you must be 135 : 38 38 43 short short fat old nenek Holland success lol …haha


---------------------------
Mabel #superrr This Mabel lady boy Ah kua444 buy high sell low, buy sd not way out, and been frustrated ..a con counter will disappear automatically..
12/12/2021 7:19 PM

Haha...Short Old man..

No one is frustrated OK...

Waiting patiently mah...

Posted by superrr > 2021-12-13 09:49 | Report Abuse

mabel 60+ bought Topglove at 3.00 and now at 2.09, not able to sleep tonight....sucess to holland all the way down...

Posted by superrr > 2021-12-13 09:51 | Report Abuse

Haha. I have to lari kuat kuat from mabel 444....haha

shareinvestor888 Don’t get ah kua mabel 444 excited la… @superrr
Ah kua like very tall men
13/12/2021 9:45 AM

Posted by hijau belalang > 2021-12-13 09:52 | Report Abuse

wait first
long journey ahead
atleast announcement is better

Posted by superrr > 2021-12-13 10:02 | Report Abuse

Sued EY, How to get A/C announcement ? Will sue new auditor later....

Posted by superrr > 2021-12-13 10:22 | Report Abuse

The A/C cannot be changed, they will all have the same result... Malaysia audit firms are up to the international standard indeed. Don't tell me they are going to change new auditor again ?

Posted by amirf1221 > 2021-12-13 10:35 | Report Abuse

Suing fiasco again
How many will be sued?

Posted by amirf1221 > 2021-12-13 10:36 | Report Abuse

Need answer now
No need to delay
Something need to be figured out

Posted by Marky3 > 2021-12-13 10:38 | Report Abuse

SD wan to have his own satellite? Hhmm…. Why not settle your bond payment 1st?

Posted by ǷearlꙌhite > 2021-12-13 10:38 | Report Abuse

.
@sslee, FYI

I would using some of your blog quotes especially on the below as I am writing up an article to dispel once and for all the claims of fictitious, fraudulent FS that SD has done for the past few years.

"3. On is the cash in bank real or fraud?: The cash in bank was verified by the external auditors who had obtained confirmation and printed bank balances statement directly from the various banks, the low interest income because of low interest rate and minimum placement of funds in fixed deposit accounts."

I hope you do not mind as this reference to your blog would assist in clearing the air for SD and put to rest be baseless claims.

Thanks.
.

Posted by eipun203 > 2021-12-13 10:43 | Report Abuse

Dead fish or 咸鱼翻生？

Even alive also not ez for them anymore.

Posted by lkoky > 2021-12-13 10:44 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-planning-have-own-satellite-three-and-half-years-%E2%80%94-ceo


parallel universe?

Posted by DoomStock > 2021-12-13 10:45 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-planning-have-own-satellite-three-and-half-years-%E2%80%94-ceo

Lol

Posted by InterFund® > 2021-12-13 10:51 |

Post removed.Why?

Posted by Hop333 > 2021-12-13 10:59 | Report Abuse

Guys, let's not making false accusation or baseless claim..

So far, information shows its bad for SD.. However, no wrong/right as long as there is no official news stating that SD committed fraud or etc

Media always exaggerate the information