invest with your spare cash only

hahaha contra speculator susah cari makan counter ini woooiiiii

Waiting for more funds to come in tmr ...pls dun up too fast ya

Anyway anything below 0.70 just sapu ..not kpkb

you must have missed 0.55 last week rite?

Wait all you want ...always invest with your spare cash and not borrowed money

From AA misleading comments better do your own homework first..in SD case no brainer ..kikiki

Last time when full lockdown ppl says AA will close shop wait lower and lower but the day doesnt come .. SD is reputable and a profitable company ...many ways to generate funding ...no worries if you know what i mean

How to build trust when integrity zero compare to a dog ...sekejap promoter sekejap demoter ? hahaha

Maybe they disown their parents too...very high probability

Sore Axes plentiful like to bite the owner's hand that feed em...integrity worst than a dog...ungrateful Axes hahaha

Lawsuit happen before on I3 forum by an accusation or fake news by CEO of at forumner , cant remember when ? Anyway , prepare your defend and most importantly can afford a lawyer ?

never doubt the power of Karim and supporters push up Kpower rm 2.48 (max up 15jan2021) and Scib rm2.67 (max up 29 Jan 2021) ...next project SD ...sell sell sell if you cant hold

Those who say or comment negative abt SD ..is there any meaning at all for those dogs to still buy and invest in SD unless their integrity is worse than a dog . Because a dog will not bite the hands of its owner ....better self reflect maybe you might betray your own family as well....my pity on you ...

Believe in Karim and his capable A team

BUY and HOLD ...more positive news to be announce by Karim soon ...collect as much as you can now

HAHAHA SO OBVIOUS ANSWER

VROMMMMMMMMMMMMMM!!!

slowing marching up 0.70 ...selling weakens

some one sold 1 mil shares more than EPF and KWAP dispose at 0.68 and build buying supoort at 0.675

hahaha who sold below 0.675 keong gan liao

Wave 2 buying today ....

Opportunities only comes today to collect ...dun say i never share ya

Super Duper Entry price ....pls dont follow me............. wait wait wait k later dun KPKB k

1mdb audit donkey years KPMG AUDITS also silent but will law caught up soon ...cannot elak MOF lawsuits ....see you in court

Mohd Karim disposes more KPower warrants
Adam Aziz

theedgemarkets.com

June 14, 2021 19:25 pm +08
Datuk Dr Mohd Abdul Karim Abdullah

-A+A
KUALA LUMPUR (June 14): KPower Bhd chairman and largest shareholder Datuk Dr Mohd Abdul Karim Abdullah has disposed of 2.92 million company warrants, a company filing to the exchange today showed.

The warrants were sold at 28.91 sen apiece or a total of RM843,401 on June 11, leaving Mohd Karim with 3.33 million warrants or 2.21%. He had sold 6.31 million warrants earlier this month.

The one-for-one warrants expire in 2026 with an exercise price of RM2.50 each.

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Mohd Karim also owns 146.39 million shares or a 32.36% stake in KPower, making it one of two listed sister companies of Serba Dinamik Holdings Bhd by virtue of a common shareholder. He owns 27.07% in Serba Dinamik.

KPower shares have retreated by over 38% amid the negative sentiment, after Serba Dinamik revealed on May 25 certain audit findings flagged by its auditor involving transactions amounting to RM4.54 billion.

However, the counter rebounded 13.46% or 14 sen today to settle at RM1.18, after Serba announced the appointment of EY as the independent audit reviewer, as well as the appointment of three new independent directors to form the independent review committee.

KPower warrants meanwhile, closed up 3.5 sen or 12.7% at 31 sen. Serba Dinamik’s share price also rebounded to close 14 sen or 23.14% higher at 74.5 sen.

Another one of Serba Dinamik’s sister company, Sarawak Consolidated Industries Bhd, also rose 9.5 sen or 12.1% to close at 88 sen. Mohd Karim owns 37.01% in the construction and infrastructure outfit.


More bullets for CEO Karim to sue KPMG !!! Hahaha

Sell early dun complaint or becomes a demoters k ...nobody force to click sell ...hahaha

Serba Dinamik appointments get vocal support

Wednesday, June 16th, 2021 at Business | News

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Analyst upgrades the company’s stock to ‘Hold’ from ‘Sell’, with an unchanged TP of 78 sen

by LYDIA NATHAN / Pic by TMR GRAPHIC

SERBA Dinamik Holdings Bhd’s moves to appoint an independent reviewer and new board members are viewed as positives and a symbol of commitment by the company to clear issues highlighted by its external auditor.

Hong Leong Investment Bank Bhd analyst Low Jin Wu upgraded Serba Dinamik’s stock to ‘Hold’ from ‘Sell’, with an unchanged target price (TP) of 78 sen on the above action taken by Serba Dinamik’s management on Monday.

“While Serba Dinamik has taken positive steps forward with regards to its governance framework, we believe the stock will remain volatile until its audit matters are resolved,” Low noted in a report yesterday.

Low added that since Serba Dinamik’s share price has fallen below his TP, he has upgraded the counter to ‘Hold’ from ‘Sell’, with an unchanged TP of 78 sen based on an unchanged 0.7 time financial year 2022 book value per share.

Low believes the appointment of Ernst & Young Advisory Services Sdn Bhd (E&Y) as an independent reviewer is a positive step due to its credibility as one of the Big Four accounting firms.

He further noted that the appointment of Masleena Zaid, the managing partner of Messrs Masleena, Yee & Partners, is a positive step for Serba Dinamik as she was previously with the Companies Commission of Malaysia from July 2008 to December 2009 and a prosecuting officer at the Securities Commission of Malaysia between February 2001 and June 2008.

“We read this move as a signal that Serba Dinamik is committed to proving the company is free from any wrongdoing,” he said.

Low wrote that the independent audit would take at least three months to complete and “we believe investors would not be ready to jump the gun completely just yet”.

He said the recent steps taken by Serba Dinamik was a display of confidence to shareholders. Volatility in Serba Dinamik’s share price will ensue until the accuracy and veracity of the accounting matters are resolved, Low noted.

Serba Dinamik’s shares fell 6.5 sen to 68 sen yesterday after rising some 14 sen on Monday on the appointments of new board members and E&Y as an independent reviewer.

Meanwhile, Malaysian Institute of Corporate Governance (MICG) deputy president David W Berry said E&Y’s review should not involve a full re-audit of the company.

He said the naming of E&Y is subject to finalisation of details and the key factor will be the scope of the advice sought, which should be restricted to the specific audit issues raised by KPMG PLT.

“The independent E&Y opinion should apply the same professional standards expected of any auditor in assessing its stance on those audit issues.

“Any difference will be in the weight given to the surrounding factors,” Berry said in a statement yesterday.

He said the “second opinion” should be sufficient. Whether E&Y agrees with the KPMG opinion, he said both opinions should be made available to shareholders.

He further said the board, especially the independent directors, should also express their views.

Berry said it is difficult to tell if the matters would resolve as it will depend on E&Y opinion.

“MICG continues to be of the view that any director who is also a shareholder should not participate in any shareholder vote related to this matter or the choice of the company’s auditor,” he added.

On Monday, Serba Dinamik announced three new independent non-EDs, namely Johan Mohamed Ishak, Datuk Mohamed Ilyas Pakeer Mohamed and Masleena, effective last Friday.

Structure-wise, Minority Shareholders Watch Group CEO Devanesan Evanson told The Malaysian Reserve that more independent directors on board would mean better corporate governance.

He said E&Y and the new independent non-EDs have no baggage as they are independent newcomers. Hence, they should be able to look at things independently and objectively.

RELATED ARTICLES

The worst is over as SD has promptly injected capable Auditors into SD permanently ....the worst may be over , lets hope for the positive announcement and a lawsuit on KPMG soon . Enuff said

Demoters with own agenda dont trust their misleading news ...monitor their comments if suddenly turn positive means they are onboard ..hahaha

Serba Dinamik: Seeking escape route from the rock and hard place
By Cheah Chor Sooi
06/10/2021
in Markets

SERBA Dinamik Holdings Bhd seems to have priced in most of the downside – unless there are more unforeseen events occurring.

According to UOB Kay Hian Research, the current price is close to the company’s adjusted initial public offering (IPO) price of about 56-60 sen and below the book value per share (BVPS) of 96 sen.

“If there are no updates from (external auditor) KPMG, and Serba Dinamik’s independent auditor requires some time to complete its work, there will not be a major near-term re-rating at this juncture,” reckoned analyst Kong Ho Meng in a company update.

UOB Kay Hian Research has retained its “hold” rating on Serba Dinamik with a new target price of 70 sen or 60.7% discount from RM1.78 previously with an entry price of 55 sen.

To re-cap, Serba Dinamik has decided not to remove its external auditor and targets to appoint its independent auditor by June this year.

The global integrated oil & gas (O&G) service provider also said it has responded to KPMG’s matters (dated May 3) on May 6 in which KPMG has not followed up as of end-May.

Commenting on uncertainties, UOB Kay Hian Research said some events that warrant further downside and downgrade to its call include:

KPMG decides to resign; a resignation move from an external auditor will mark an event with the most serious ramifications on the company. Auditors can resign if they suspect fraud, malpractice or mismanagement which were unable to be resolved with management;
Serba Dinamik’s owners massively dump their shares, suggesting they have something to hide; or
Independent auditors conclude their accounts with adverse opinion.
On behalf of shareholders, UOB Kay Hian Research hopes that Serba Dinamik would consider to – once it has positively clears its accounting issues:

Slashing dividends to preserve buffer in view of uncertainties;
Reduce or fine-tune a system to allow companies and transactions to be easily traceable and verified by auditors, or else,
Shed away some operations and asset ownership companies to be simpler and more straightforward.
“This is because due to Serba Dinamik’s growth to a global complicated structure it has today, we have to assume that there will always be another incident where auditors may raise special audit matters but face insufficient time to verify all of them,” added the research house.

At the close of this morning’s trading session, Serba Dinamik was up 0.5 sen or 0.8% to 63 sen with 50.29 million shares traded, thus valuing the company at RM2.35 bil. – June 10, 2021

KUALA LUMPUR: The Malaysian Institute of Corporate Governance (MICG) states the scope of independent advice to be given by Ernst & Young Advisory Services Sdn Bhd to Serba Dinamik should be limited to issues raised by external auditor KPMG PLT.

MICG deputy president David W. Berry said on Tuesday the key factor will be the scope of the advice sought, which should be restricted to the specific audit issues raised by KPMG.

“The independent EY opinion should apply the same professional standards expected of any auditor in assessing its stance on those audit issues. Any difference will be in the weight given to the surrounding factors. This should not involve a full re-audit of the company, ” he said in a statement.

Berry said that originally Serba Dinamik named BDO as the adviser, but there was no final agreement it seems.


“The naming of EY is subject to finalisation of details. Both firms should be competent, ” he added.

EMSWG: Serba Dinamik entitled to second opinion
Arjuna Chandran Shankar
/
theedgemarkets.com

June 14, 2021 17:53 pm +08
MSWG: Serba Dinamik entitled to second opinion
-A+A
KUALA LUMPUR (June 14): Serba Dinamik Holdings Bhd is entitled to a second opinion on its external auditor KPMG PLT’s findings, just like anyone else, opined the Minority Shareholders Watch Group (MSWG).

“There is a difference between opinion shopping and genuine seeking of a second opinion. It augurs well for the company that the second opinion that they are seeking is from a firm associated with a Big Four accounting firm,” MSWG chief executive officer (CEO) Devanesan Evanson said in a response to emailed queries from The Edge.

“There are now two sets of independent parties that are coming on board — three new independent directors and independent firm Ernst & Young Advisory Services Sdn Bhd (EY) as the independent reviewer,” he added, also noting that “it is always better corporate governance, structure-wise, to have more independent directors on board”.

He observed: “It seems that the three independent directors are brought on board to help address the issues arising from the audit.”

“They say there are more than one way to skin a cat, but what is important is that one adopts the fastest way. Minority shareholders have suffered due to the falling share price due to uncertainty arising from the unresolved audit issues — time is of the essence,” Devanesan added.

He also noted: “The board in its wisdom has decided that appointing three new independent directors and an independent advisory firm is the best and fastest way to resolve the issues. The board should know better the dynamics, competency and capacity of the current board — there is no need to second-guess the wisdom of the board in this instance.”

Serba Dinamik announced today that it had appointed EY as its independent reviewer for the audit matters highlighted by KPMG.

The group said that its board had agreed in principle to appoint EY, and that an updated announcement will be made upon the finalisation of the terms and conditions of the said appointment.

Serba Dinamik also announced that it had appointed Datuk Mohamed Ilyas Pakeer Mohamed, Masleena Zaid and Johan Mohamed Ishak to its board as independent and non-executive directors.

Serba Dinamik previously announced that it intends to conduct an independent review of the audit issues raised by KMPG. The company had revealed some details of the issues that the auditor cast doubt on, including sales transactions, receivables and payables to the tune of over RM3 billion.

Aside from the three new independent directors announced today, Serba Dinamik's independent directors include KPMG Malaysia's former partner Hasman Yusri Yusoff, Nationwide Express Holdings Bhd's former managing director Rozilawati Basir, as well as accountant Sharifah Irina Syed Ahmad Razi and lawyer Tengku Datuk Seri Hasmuddin Tengku Othman.

Serba Dinamik ended 23.14% or 14 sen higher at 74.5 sen today, and was the most actively traded counter on Bursa Malaysia, with 1.23 billion shares traded.

Serba Dinamik to appoint Ernst & Young
CORPORATE NEWS
Tuesday, 15 Jun 2021

Related News
Serba Dinamik appoints EY as independent reviewer, shares jump
CORPORATE NEWS 1d ago

The counter rebounded yesterday following the announcement regarding the appointment of Ernst & Young. Serba Dinamik had hit a new low of 54 sen yesterday morning before jumping 23% or 14 sen to close at 74.5 sen. It was also the most actively traded stock on Bursa Malaysia with 1.235 billion shares changing hands.

PETALING JAYA: Serba Dinamik Holdings Bhd’s board has agreed, in principle, to appoint Ernst & Young Advisory Services Sdn Bhd as the independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.

The group told Bursa Malaysia it will make an updated announcement upon the finalisation of terms and conditions of the appointment.

Serba Dinamik also appointed three new independent and non-executive directors, namely, Johan Mohamed Ishak, Datuk Mohamed Ilyas Pakeer Mohamed and Masleena Zaid.

Johan, 45, is the managing director of Awesome Media Network Sdn Bhd and was formerly chief executive officer of Media Prima Bhd(2017 to 2020).

Mohamed Ilyas, 65, is the executive chairman of Koperasi Amanah Pelaburan Bhd and also the chairman of Awesome Media Network, Hartanah AP Rakyat Bhd, CTG Capital Sdn Bhd, HAF Automotive Sdn Bhd and AP Holding Bhd.

Masleena, 45, is a managing partner at Messrs Masleena, Yee & Partners and also a director at De Apex Force Security & Consultancy Sdn Bhd and AP Holding.


She was formerly head of section at Companies Commission of Malaysia (July 2008 to December 2009) and a prosecuting officer at Securities Commission of Malaysia (February 2001 to June 2008).

Serba Dinamik came into the spotlight a few weeks ago when its long-time external auditor KPMG sounded alarm bells on some of its past sales transactions and trade receivables.

Since then, a host of developments have occurred including Serba Dinamik’s second largest shareholder’s attempt to replace KPMG before later withdrawing his intention.

Serba Dinamik’s stock has since taken a beating, falling to 60.5 sen on June 11 from its close of RM1.61 on May 27.

However, the counter rebounded yesterday following the announcement regarding the appointment of Ernst & Young. Serba Dinamik had hit a new low of 54 sen yesterday morning before jumping 23% or 14 sen to close at 74.5 sen.

It was also the most actively traded stock on Bursa Malaysia with 1.235 billion shares changing hands

Highest trades done today at 0.725

I believe in SD innocence .TrustKarim

Tml will add and collect more 0.68 to 0.70 ..I think the audit report will be ready soon than expected ...

Today, Hong Leong Investment Bank Bhd (HLIB) analyst Low Jin Wu wrote in a note that HLIB believes the appointment of EY and the three independent directors "is a positive step forward for Serba Dinamik as it displays confidence to shareholders”.

However, HLIB believes that “[share price] volatility will ensue until the independent audit process is resolved", according to Low, who also said the research house had upgraded its Serba Dinamik share call from "sell" to "hold", with an unchanged target price (TP) of 78 sen.

Buy and Hold...GREEDS kills

Sure get

Quickly Q buy some at 0.68 for tmr ..

4 pm Show.maybe postponded to tmr ..due to COVID-19 number increase bk to 5xxx...hahaha

Hahaha ..lebih kurang 2

Announcement on audit will be asap ...SD managements is working 24/7 , I m very sure of this .

So many buying and.keep you think seller bullet very limited , hahaha

Strong Fundamentals and Order books plus High Dividend payout ...

TP RM 1 when the air is clear

Sold all my other portfolio even at below costs switch to SD ...buy and hold

No brainer for mid to long term ...buy and hold

Buying Power building up ...wait for 4 pm showtime !

4pm got show