interesting. I am not sure who are you referring to. I didn't change my ID before. I am using my real name to post here. only cowards talks his ego behind an unidentifiable ID which he doesn't have to responsible on what cocks he talks. I challenge you to register an ID using your real name to talk here.

There are a few types of ppl in the forum. One of it is so called salesman:when stock price down, they will come out and "promote" the prospect of the stock. The other one is loser: when stock price down, they will jump out and give a statement "i told u so" like he is warren buffett. Ppl buy the stock based on his own judgement and investment goal (short/medium/long term). Pls repect other ppl's opinions like I respect urs. Pls dont say in a way that how stupid they look if their opinion different than urs. Stocks will goes up and down, there will be a time ppl revenge at u. Be mature. Thx

https://klse.i3investor.com/blogs/ifrit2020/126190.jsp
done

opps, the rest are all sdn bhd, not listed in Bursa. Maybe we could look at oversea companies and compare their P/E, ROE, etc with SerbaDk

there are still some small players i didn't include. In that case I think I better include and compare them all if I were to create a new post for this purpose. Stay tune.

https://klse.i3investor.com/blogs/ifrit2020/125730.jsp
I found SERBADK's peers in Bursa market, I did a quick comparison between them, take a look

Thanks for the work you did for us. There are many information can be found in annual report, but no many are willing to read and analyze it for the future business potential. Too few people are investing stock like investing as their own business. Glad to find one like you!

Tell the management then. Be it CCS or FIFO margin, oil prices could affect the company margins as stated in the annual report. I just trying to be rationale here.

"The Group has entered into a contract on 20th February 2017 to acquired 40% equity interest in Konsortium Armanie JV Sdn Bhd (“KAJV”), for a total cash consideration of RM34 million. KAJV was awarded a contract by the State Government of Terengganu for the design and build of 120 million litres per day (“MLD”)and 28 MLD membrane water treatment plant, intakes, service tank, installation of raw water and clean water pipes, retrofitting and other works for the Kuala Terengganu Utara Water Supply Scheme.

The acquisition is expected to be completed by the second quarter of 2017 and SDSB had been awarded the engineering, procurement, Construction and commissioning (“EPCC”) works with total value of approximately RM289.72 million as well as a 40% share of KAJV’s profits derived from a RM1.30 billion contract value awarded to KAJV by the state government of Terengganu."

I was right about the EPCC comment in QR on why they are so confident EPCC revenue would be increase in 2017. There is an unbilled contract of RM 289M in value! As well as enjoying the 40% profit sharing of a RM1.3B projects from the JV!

It was written in their 2016 annual report:
"This volatility affected the Company’s margins as on average we hold about three to four weeks inventory. Since we account for inventory using the first-in, first-out method, any sharp increase or drop in oil prices could affect margins because we sell finished products produced or bought in previous periods."
Page 24, 1st paragraph
However, I still think that Petron is a good stock overall and market shall continue to grow in long run. We have to accept the periodicity of the crude oil price which affecting the margins of oil and gas related stocks in short term. Buy when it is low and sell when it is high. OR keep it long term to average out the fluctuation of crude oil price

in that case, i believe "war" is an over claim under the current situatio

Hi Probability. Wah, u r one of the sifu here. Haha. Has been watching this stock quite some time. Waiting the right time to enter

CKCS, those news are the impact of local business and economies, it doesn't point out there will be a war going soon if the situation continues.

goes down only buy, goes up wont buy. As long as Qatar crisis still there, the stock price may not stable. Today's surge I believe it is because of the news of Africa expansion, but it is still too early to tell, as the result will only flow in by 1Q2018 (1Q QR announcement date in April 2018)

http://www.theedgemarkets.com/article/serba-dinamik-eyes-african-expansion-year

Toto2009, i cant find SerbaDk peer in bursa market. Can you pls share which stock u r comparing to? It would helps me to reevaluate the stock. Thx

When things go bad, always look back at the fundamental. Serbadk total 1st 3 quarters EPS was 19.87 cents (4.20+9.24+6.43), so even the next quarter has NO PROFIT (0 EPS), by using P/E at 10x (standard value according to master coldeye) x FY EPS, is still worth RM1.99!!
Severely under value now

Maybe ppl cash out becauae of raya. Hahaha. Need money to buy raya things. Tmr will see will it break the 1.79 support level and diarrhoea back to 1.6+. Will sell my underwear to buy more…

Oil price does affect but not affect much. Becuase they are not using oil as raw material to run thier business. It was written in the QR as well

Waiting for 1.79

don't forget other than O&M, it also has EPCC business which contributed 56 mil business to the company in Q1, the company is very confident that "the EPCC segment will experience increased growth for 2017" (written in their Q1 report). Very rare a company would comment as such in QR (normally they will instead use the word "foresee" or "optimistic"). It shows the company may already have some unbilled EPCC contracts on hand

be patient, still long way to go. As long as we don't sell, we don't lose any money. If you don't plan to sapu at next support level, just leave it and don't look at it until Qatar crisis is resolved. It will shoot up in a short period of time and goes back to the reasonable value.
Or we can wait until Aug 2017 when Q2 QR announces, if profit is undisturbed, it may restore the confidence of the investors.
Mentality is the key to succeed during this bearish market.

CKCS, if you are so confident, please write a blog or article about middle east is going to war with facts and data. if you are so sure the money was siphon out from the company, please provide proof or evidence that Henry is acquiring assets in US with unjustifiable income (posting a photo of celebrating birthday in US doesn't help at all). Please also put together the claims of company misused the investment fund and the correlation of its revenue and profit, in a systematic way. So that you can help us to see the picture clearer.

however, don't be too optimistic as long as the crisis does not resolve. the stock price will goes down further if the crisis escalate or announcement of bad news. Let's hope for the best and be prepare for worst, RM1.79 support level.

Thx mic82. Confidence come from the knowledge and facts. Many ppl are shouting the rumors without doing the homework. I laughed when i saw comments like cancellation of projects and non payment, what a nonsense.

https://klse.i3investor.com/blogs/ifrit2020/125730.jsp
try this and see

most of the research reports use 11x, some use 12x, I choose the lowest. Well the focus of this blog is to look at the risk to SERBADK, optimum FY18F P/E could be another topic to discuss. Of course you have the right to decide how much P/E is worth for this stock for yourself.

you are welcome probability. those are the homework I had done so far. Hope you will find it useful.
;)

https://klse.i3investor.com/blogs/ifrit2020/
done.

Collected some at 1.89. Hope the panic sell will continue until it drops to IPO price

if you are playing contra/short term investor, bad time for you; if you are medium/long term investor, good time for you. I will write a blog to explain what is the impact of Qatar oil and gas firm and the prospect of SERBADK by these few days if time permit

Thank you chkhooju. Luck is definitely needed. And i believe more in facts and reality. I eliminated my fear with my homework. Wish you good luck too.

Qatar is the biggest natural gas export country in the world! Its main customers include Japan, India, Europe countries. Despite diplomatic disputes with UAE, UAE STILL buying hundreds of metric tans of natural gas from qatar through pipes. 1/3 of UAE electricity depend on it. Qatar is still able to export oil and gas via sea. In fact with the diplomatic crisis, Qatar depends on oil and gas export more than ever. There are a lot of info u can search from internet, understand the situation in middle east and u will be more confident. Just search google what if Qatar stop export oil and gas. DO THE HOMEWORK. But i really welcome panic sell so that i can sapu at lower price.