Posted by Mikecyc > 2022-05-31 21:45 |

Post removed.Why?

Posted by cicakman > 2022-05-31 21:46 | Report Abuse

Pardon,monsieur
I did not do it on purpose.

Posted by InsiderShark > 2022-05-31 21:47 | Report Abuse

Where is PearlWhite?

Posted by BobAxelrod > 2022-05-31 21:49 | Report Abuse

Kacang putih stall dah expired lesen......tak ada taip taip lagi....

Posted by Mabel > 2022-05-31 21:57 | Report Abuse

#Mikecyc Haha no worries .. do not underestimate Farming potential ... just for the food : our import n export differences is ard 23.0 billion ....

Remember the once Hong Kong TVB star “ Ah Chan “ ... that failed in Malaysia restaurant venture n others ... now is a over RM 100 million millionaire that success in China farming venture ...
31/05/2022 9:19 PM

Haha Mouse...smart thinking..

Now you know why Mabel loves SD so much. Beside going to space we now have Farming. This is in line with Mabel's passion for Plantation Biofuel...

Market has already this QR will be negative since Serba's account has been frozen for so many months. -400m is way better than Sapura and Capital A. That's why Mabel said it need at least 2 years as we dealing with super heavy battleships... so you need to give them time to make a complete turnaround..

Let see how the meeting with creditors goes..

To Our Chicken

Meow Meow Meow

Posted by Mabel > 2022-05-31 22:06 | Report Abuse

Serba deserve a 2nd chance...

To Our Eagle..

Meow Meow Meow

Posted by BobAxelrod > 2022-05-31 22:11 |

Post removed.Why?

Posted by williamtkb > 2022-05-31 22:14 | Report Abuse

SC should suspended SD from trading again until issues fully resolved. Maybe petronas going to use Malaysians money to help SD pay debts... LOL

Posted by InsiderShark > 2022-05-31 22:16 | Report Abuse

Karim talks about vertical farming as if it is something new, like it doesn't exist 20 or 50 years ago. There is a reason why vertical farming never took off - cost. No matter how, it is cheaper to just grow on land.

Karim sure can BS. If vertical farming is so profitable, then Saudi, Singapore and many small countries dont need to import vegetables anymore, just grow for food security reasons. Which we all know, even the saudi tried those circle farming thing and eventually gave up as it is too costly.

https://www.youtube.com/watch?v=ziGN8HXdj6U

Posted by BobAxelrod > 2022-05-31 22:18 | Report Abuse

Lately, vertical farming was in the News mah......monkey see, monkey do lor....

Posted by BobAxelrod > 2022-05-31 22:22 |

Post removed.Why?

Posted by BobAxelrod > 2022-05-31 22:23 | Report Abuse

No offense meant to Leno, sir....ahem...

Posted by wongchin > 2022-05-31 22:28 | Report Abuse

Yes give sd a 2nd chance only if sd can give investor 2nd chance to sell thier share at rm 1.60 again. Can or not??

Posted by BobAxelrod > 2022-05-31 22:32 | Report Abuse

@wongchin
Tadi yang minta 2nd chance tu, ingat USD300,000,000 and RM100,000,000 wang bapak dia punya.

Posted by BobAxelrod > 2022-05-31 22:34 |

Post removed.Why?

Posted by BobAxelrod > 2022-05-31 22:35 | Report Abuse

Rupa macam main Monopoly lah.....wang palsu........

Posted by BobAxelrod > 2022-05-31 22:36 | Report Abuse

Tak apa...dah kalah....RESET...start lagi Monopoly....macam tu je

Posted by BobAxelrod > 2022-05-31 22:37 |

Post removed.Why?

Posted by Mikecyc > 2022-05-31 22:37 |

Post removed.Why?

Posted by Mikecyc > 2022-05-31 22:39 |

Post removed.Why?

Posted by Mikecyc > 2022-05-31 22:50 |

Post removed.Why?

Posted by Legend > 2022-05-31 22:52 | Report Abuse

Serba Dinamik defaults on payment of RM1.07 bil under sukuk, ICP programme
KUALA LUMPUR (May 31): Serba Dinamik Holdings Bhd said it has defaulted on its payment of an aggregate sum of about RM1.07 billion under a sukuk and Islamic commercial paper (ICP) programme.

In a filing on Tuesday (May 31), the engineering services provider said that its unit SD International Sukuk Ltd (SDISL) defaulted on its payment of US$222.22 million (RM972.99 million) due on May 9, pursuant to a US$300 million sukuk.

"SDISL is unable to meet its obligation to pay the interest in a timely manner due to cash flow constraints of the company. This constraint is due to the Covid-19 pandemic which resulted in an unfavourable condition in the operation of the company," Serba Dinamik said.

Posted by HolyMoly > 2022-05-31 23:01 | Report Abuse

This is actually a known news that was announced last year, nothing surprising.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3218308

We refer to Bursa Malaysia Securities Berhad’s query letter dated 10 December 2021 and the news article by The Edge titled “Serba Dinamik subsidiary defaults on bond coupon payment” dated and published on 10 December 2021.

Please be informed that Serba Dinamik Holdings Berhad and its group of companies (“the Group”) have yet to receive any notice of default in respect of the outstanding USD222 million sukuk.

The Group shall update from time to time should there be any new development.

This announcement is dated 13 December 2021

Posted by OKU_2020 > 2022-05-31 23:10 |

Post removed.Why?

Posted by superrr > 2022-05-31 23:12 | Report Abuse

Itu Longkang Mabel kuching of course tak pakai otak lah...He/she?? is using backside thinking...

Posted by HolyMoly > 2022-05-31 23:15 | Report Abuse

Serba Dinamik said that together with its units, it has filed an application to seek leave from the court to convene a court-convened creditors meeting to address the defaults in interest payment.

Meanwhile, Serba Dinamik said it will continue its business and operations despite the default.

"The group is of the view that the application to seek leave to convene a creditors meeting is in the best interest of the group and is likely to generate a positive cash flow for the group," it said.

Posted by BobAxelrod > 2022-05-31 23:26 | Report Abuse

HolyMoly baru dilahir pada jam 11.00 malam ni.....only 2 post at SD.....

Posted by HolyMoly > 2022-05-31 23:26 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-received-oneyear-term-renewal-licence-petronas

KUALA LUMPUR (May 31): Petronas has renewed Serba Dinamik Sdn Bhd’s licence to continue offering supply and services to the national oil and gas company and its contractors.

In a statement Tuesday (May 31), Serba Dinamik said the renewal, effective May 30, 2022, is for a one-year term.

The licence stipulates that Serba Dinamik shall, within one year from the effective date, submit its audited financial statements for the financial year-end June 30, 2022, duly accompanied by the auditor’s unqualified opinion.

“Also, Serba Dinamik is required to submit financial guarantees as a prerequisite for all and every Serba Dinamik’s participation in tenders initiated and/or conducted within one year from the effective date.

“Petronas will engage with Serba Dinamik on the details of financial guarantee requirements, in due course,” it said.

Serba Dinamik’s founder and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah said the renewal would enable the company to reposition itself strongly on its financial aspects.

“This signifies Petronas’ vote of confidence on us. Given the circumstances and legal issues we have had in the past year, this renewal is very meaningful.

“We can continue to participate in various bids and continue to honour our existing contracts,” he said in a statement Tuesday.

He also mentioned that the company will adhere to the terms imposed by Petronas and will duly submit the necessary financial statements and guarantees.

“We will fully utilise our investment into our assets, both in human resources and hi-end equipment, to be utilised to generate the sales and revenue for the company,” he added.

It is a mandatory requirement for Serba Dinamik to obtain a licence from Petronas to participate in the oil and gas industry in Malaysia.

“This licence facilitates Serba Dinamik to facilitate the provision of products and services to oil majors, operators as well as other oil and gas service providers in the industry,” it said.

Posted by BobAxelrod > 2022-05-31 23:34 |

Post removed.Why?

Posted by stocksensei > 2022-05-31 23:36 | Report Abuse

If serbak wan 2nd chance , then bring the price back up to rm 1. Investor also deserved a 2nd chance. Karim hear this.

Posted by InsiderShark > 2022-05-31 23:53 | Report Abuse

stocksensei,

wah, you think so easy to bring up back to RM1? how many billions needed? you think Karim is Elon Musk? If really want to bring back to RM1, easy, share consolidation. 10:1, it will go back to RM1....

Posted by cashflow > 2022-06-01 00:47 | Report Abuse

Positive Petronas news. Gap up and might break 0.15 tomorrow to attempt breakout at 0.20

Posted by DannyArcher > 2022-06-01 01:47 | Report Abuse

Amazing… still got people holding serba when given so many chance to cut loss… not many people can lose 100% when investing… get ready for liquidation… 100 over parties suing serba for credit

Posted by Jokers2020 > 2022-06-01 06:10 | Report Abuse

petronas bail out...draining the cash cow to help the conman company

Posted by Wirajati > 2022-06-01 07:29 | Report Abuse

Why would petronas bail out a farming/satellite/cashless ticketing wannnabe company? Funny.

Posted by EVO118 > 2022-06-01 07:58 | Report Abuse

It's not a bail out. Just a life line for SD to prolong the saga and chance to get out of trouble by using Petronas name as a support. No $$$ injection involved. Probably some hidden Govt intervention.

Posted by Huangbk72 > 2022-06-01 07:59 | Report Abuse

No one will be able to bail out SD.

Not even Government or State owned companies.

You cannot bail out a fraud company.. simply because you cant do a forensic audit. No one really know how deep the hole is in SD. How much is needed ? Or unless someone willing to write a blank check.

To those gamblers holding SD, you need a lot of luck cashing out this stock.

Posted by nicholas99 > 2022-06-01 08:06 | Report Abuse

Petronas needs the equipment to pump more oil. so, give contract.. but whether or not serbadk can fulfill is another story,

Posted by Mikecyc > 2022-06-01 08:06 |

Post removed.Why?

Posted by cashflow > 2022-06-01 08:13 | Report Abuse

Today gap up. Stock will try for 0.15 on Petronas renewal.

Posted by joyvest > 2022-06-01 08:19 | Report Abuse

The news on Defaults , more defaults and more cross defaults have superceded the news on renewal of license from petronas.

Share price continues to be depressed..

Posted by nicholas99 > 2022-06-01 08:20 | Report Abuse

you need to see petronas contract value and is it serbadk can fulfill lo..

Posted by investortrader88 > 2022-06-01 08:21 | Report Abuse

https://themalaysianreserve.com/2022/05/30/serba-dinamik-to-strengthen-presence-in-middle-east-focuses-on-vertical-farming/#aoh=16540393668106&csi=1&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fthemalaysianreserve.com%2F2022%2F05%2F30%2Fserba-dinamik-to-strengthen-presence-in-middle-east-focuses-on-vertical-farming%2F

Posted by investortrader88 > 2022-06-01 08:22 | Report Abuse

Bosku K.Try marijuana & cannibies farming.many foreign fund willing to invest.ini kalilah !

Posted by Mikecyc > 2022-06-01 08:23 | Report Abuse

Haha no worries ... is billionaire Bobby Axelrod here ke ?? so free ke ??

Posted by joyvest > 2022-06-01 08:25 | Report Abuse

No working capital, no internal funding through right issues,no external funding through loan and bonds,how to fulfil the supply contract renewed by Petronas?

Failure to supply within stipulated time frame will end up termination of contract in the end...

Posted by investortrader88 > 2022-06-01 08:26 | Report Abuse

Datuk K should approch elon musk since both are very ambitious.marijuana & cannibis farming.elon musk just one tweet serba limit up few days.hahaha

Posted by cicakman > 2022-06-01 08:27 | Report Abuse

Potong kepala.
I got MOU,
I got new driving licence.
So no Polisi and Chetti can saman me.

Posted by Mikecyc > 2022-06-01 08:29 | Report Abuse

Haha no worries .. later Michael P. will be here to bail out Bobby ke ....

Posted by investortrader88 > 2022-06-01 08:31 | Report Abuse

Elon musk can help Serba fulfill the ambition Malaysia first spaceship !