There has been much controversy about the Bursa energy company - Serba Dinamk Bursa. Its ROE had gone from about 20% in 2019/2020 to negative 100 % in 2023. I will not go into whether this is poor management or poor corporate governance. But I was curious about its Altman Z-score.
The Altman Z-Score is a financial metric that is used to assess the financial health of a company. It was developed by Edward Altman in 1968 and is designed to predict the likelihood of a company going bankrupt within the next two years.
• A Z-Score above 2.99 suggests that the company is likely in good financial health and is not at risk of bankruptcy.
• A Z-Score below 1.81 suggests that the company may be at risk of bankruptcy.
The Altmaz Z-Score for Serba Dinamik based on its Sep 2023 LTM financials is negative 1.9. This is way below the Z-Score for bankruptcy.
Now why would you want to bother about this company when there are better oil and gas companies like Deleum to look into with a LTM ROE of 15%. There has been much controversy about the Bursa enegy company - Serba Dinamk Bursa. Its ROE had gone from about 20% in 2019/2020 to negative 100 % in 2023. I will not go into whether this is poor management or poor corporate governance. But I was curious about its Altman Z-score.
The Altman Z-Score is a financial metric that is used to assess the financial health of a company. It was developed by Edward Altman in 1968 and is designed to predict the likelihood of a company going bankrupt within the next two years.
• A Z-Score above 2.99 suggests that the company is likely in good financial health and is not at risk of bankruptcy.
• A Z-Score below 1.81 suggests that the company may be at risk of bankruptcy.
The Altmaz Z-Score for Serba Dinamik based on its Sep 2023 LTM financials is negative 1.9. This is way below the Z-Score for bankruptcy.
Now why would you want to bother about this company when there are better oil and gas companies like Deleum to look into with a LTM ROE of 15%.
In 2023, the Bursa energy index grew by 5.3 % compared to the S&P500 energy index that declined by 3.7 %
In 2023, the Bursa energy index grew by 5.3 % compared to the S&P500 energy index that declined by 3.7 %
karim nama ape? ini penderhaka cinapek. kita dah tak mengaku dia orang kami. jadi dia follow your way. tengok polis polis semua.. banyak makan duit. haha
Hahah. Auntie Felicia claims she is here as Rela team... and now defending ConMabel
Never seen her.. She wants to claim credit for something she didnt do? 😂😂😂😂
So many active i3 members was here.. This also she has to lie..
So Pitiful
Stock: [SAPNRG]: SAPURA ENERGY BERHAD
28 minutes ago | Report Abuse
Auntie Huang muka tembok when you where there in Serbak price already crashed from 1.80 to 0.40. Already crashed 77%!!!
Have you warn anyone during 1.80?? Haha haha your archivement?? PUK! Your archivement. You go back check Serbak I was there since the KPMG raised red flag. I was against Mabel in Serbak. Her risk appetite is big, out of 10 maybe 3 lost 7 win is good enough for her. Your dumb brain forever cannot understand this.
How in the world is their revenue so low... this probably means even before they go IPO they already fake the accounts? Seems like the only real business they have is MRO for Petronas, the others are all fakes.
I work in oil and gas industry. This MRO is all lies.. Serba dinamik in Bintulu already kick all their workers. There is no RM millions profit get from MRO with PETRONAS. this is all lies. Because my company had take all MRO contract previously serba dinamik with PETONAS and we did not even make profit for millions.
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....
143922
231 posts
Posted by 143922 > 2 months ago | Report Abuse
Akal panjang baru bole jadi tokey.Kasi spin abang Halim.