"It is Petronas’ strongest bottom line performance in at least a decade, on the back of higher crude oil prices as 1QFY22's average dated Brent rose to US$102.23/bbl......"
Tutup kedai lar. Cheating time, making so much money. No cheating time, debt cannot pay. Bankers circling it like a pack of wolves want to tutup kedai and get whatever they can get from lock, stock and barrel.
31 May 2022, Friday (Focus Malaysia) YOURS truly must confess that it is getting increasingly challenging to publish latest developments on Serba Dinamik Holdings Bhd. This is especially so when majority of the readership – to put it bluntly – “only expects you to whack the company”.
Well, Lord Buddha’s wisdom of pursuing the middle path – ie trying to pen a balanced piece or at least allow the global integrated oil & gas (O&G) or its promoters to run their so-called alternate views – does not seem to work anymore.
It seems that it’s one-way traffic all the way. Yours truly has been accused of running “paid advertorials” in the name of trying to be fair – even as yours truly has had his fair share of ‘whacking’ or ‘belittling’ (or whatever despicable word one can think of) the company.
On this note, yours truly feels the need to enlighten readers on the need to furnish two sides of the story no matter what pre-conceived notion readers might already have on Serba Dinamik. After all, the media has the responsibility to be fair to both sides of the divide regardless of the hostility readers expect the media to vent out on the company.
It is already public knowledge that Serba Dinamik’s financial health has fallen deeper into the chronic state. The company continued to bleed as it posted a third consecutive net loss of RM434.19 mil for its 3Q FY6/2022 ended March 31, 2022 – its largest to-date.
Prior to this, the company posted a net loss of RM290.33 mil for its 2Q FY6/2022 and a net loss of RM42.11 mil for its 1Q FY6/2022.
However, revenue for the quarter rose 16% quarter-on-quarter (qoq) to RM205.48 mil from RM177.14 mil in 2Q FY22, attributable to its operations and maintenance (O&M) segment, especially from Qatar, United Arab Emirates (UAE) and Malaysia.
No two sides of the story! Why give chance when Karam lied and confirmed Business as usual , sue SC, Bursa, EY , KPMG, KL screener and almost wanted to sue all commentators that are telling the truth. Do you know that many institutions written off their investments on this useless company! Is Karam going to make good of the loans, bonds and all parties that has suffered directly or indirectly due to his action? As long as he still runs the company if will not change! Leopard will not change its spots and it rots from the head. It takes an orchestrated approach to cheat this far! Could be going on for years!
I understand from Black Pearl, if not for EPF investment on SD the 2021 EPF interest should have been 6.3%! Can we get back the difference from Karam? Inflating revenue also translates that they would have fake expenses charged out. They would have paid it out to their bank accounts.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
45,577 posts
Posted by Mikecyc > 2022-06-01 08:32 | Report Abuse
Haha no worries ... Bobby in suspicious trading behaviour ke ???