if today able to maintain above 0.475 ~>15%, surely tomorrow gonna gap up, and very high potential to limit UP! now momentum still strong!

shooting to the star soon....
waiting to limit up,
very strong momentum in the early morning
enter while its still "cheap"

FLY above RM1.00 soon....

Report: FELDA looking to 'dispose of a stake' in Encorp

KUALA LUMPUR (Aug 21): Federal Land Development Authority (FELDA) “is understood to be looking to dispose of a stake” in developer Encorp Bhd, The Edge Malaysia reported this week.

A source told the weekly in its report that FELDA is “toying with the idea of selling a block of shares to a bumiputera entrepreneur”.

The source added that “if the share price picks up, FELDA will exit the company”.

Another source said that: “What I hear is that the asking price is high at about RM1 (a share). FELDA bought in at a high price, so it is considering many options now.”

https://www.edgeprop.my/content/1895737/report-felda-looking-dispose-stake-encorp

BBB

Buy
Buy
Buy

Encorp: Appointment of three new directors ‘sparks interest’

EdgeProp.my3-4 minutes

KUALA LUMPUR (Sept 18): Excitement and gains in share price seem to have originated from the appointment last week of three new directors at the property development company Encorp Bhd, reported The Edge Malaysia.

The three appointments are Mohd Ali Abd Karim (independent non-executive chairman), Lukman Abu Bakar (independent non-executive director) and Datuk Shireen Ann Zaharah Muhiudeen (non-independent non-executive director).

The weekly stated that Shireen’s appointment “raised the most eyebrows, as being a non-independent director means that she is a nominee of the Federal Land Development Authority (FELDA), a 62.3% shareholder of Encorp”.

“She is experienced, she is on the board of FELDA, she was with a regulator, she has been with some very good companies, a couple of banks … So, of course, the expectations are high, with what she may be able to do at Encorp,” a market watcher told The Edge.

https://www.edgeprop.my/content/1899693/encorp-appointment-three-new-directors-%E2%80%98sparks-interest%E2%80%99

https://klse.i3investor.com/blogs/fdd/2021-09-14-story-h1571527937.jsp

Jakel owner collecting...

Jakel collecting dataprep then "BOOM"

Jakel collecting sedania then "BOOM"

Now Jakel collecting AVI, something "brewing" isn't it?

TAYOR!!

KNM 7164

Overall prices may still seem to be in a ranging mode, however, the hints that prices are giving out may say otherwise. One of the most obvious hints given by the price is that higher lows are forming and this indicates that the buyers are slowly coming back, forming a ranging uptrend which is Hidden in Plain Sight.

Fast forward last week, we can see that prices are now re-testing the Fibonacci Resistance Level 1 as it had been tested once previously and could not breakup from it. This indicates strength as well, as the bankers are using the that resistance level for now.

Good news is that, if prices are able to breakup from the Fibonacci Resistance Level 1, then a new uptrend will begin and the next resistance level would be the Golden Ratio Resistance Level. However, if prices are unable to break up then the range will continue until the bankers have collected enough shares.

Industry: Energy Resources.

https://klse.i3investor.com/blogs/KLSEChartStories/2021-09-13-story-h1571523879-KNM_7164_The_Story_behind_the_Chart_of_KNM_GROUP_BHD.jsp

CHASE HIGH Game just started...0.30!

below 0.30 considered discounted price....haha hurry UP!

if closed by 0.30, monday SURELY GAP UP!!!

more good news gonna out on weekends!

"SOMEONE" is collecting in a "BIG" amount and HODL...

Erm...something is "brewing" in KNM, waiting to explode!!

NOW is 0.29...still strong momentum

https://www.thestar.com.my/business/business-news/2021/09/04/spotlight-on-knm

revisit.

https://focusmalaysia.my/serba-will-release-its-special-independent-review-findings-once-finalised/

SERBA Dinamik Holdings Bhd has reiterated that it will make an immediate announcement on the outcome of its special independent review (SIR) upon completion of the findings by its special independent reviewer Ernst & Young Consulting Sdn Bhd (EY).

In a Bursa Malaysia filing dated Sept 6, the global integrated oil & gas (O&G) service provider said EY has been furnishing its independent non-executive directors with progress updates on a bi-weekly basis.

On Sept 2, the company’s audit and risk committee chairman Johan Mohamed Ishak told FocusM that the timeline and submission of the SIR pertaining to certain accounting matters flagged by its former external auditor KPMG PLT rests solely with EY.

Above all else, the matter is under the prerogative of EY who will be directly reporting its findings to Bursa Malaysia.

“On its part, Serba Dinamik has given a full cooperation to EY with regard to the SIR,” he pointed out. “Our estimation is that the SIR will most likely be made public in 4Q 2021”.

Johan was responding to an opinion expressed by the Minority Shareholders Watch Group (MSWG) CEO Devanesan Evanson that it has been close to two months now yet the global integrated oil & gas (O&G) service provider has not announced an indicative date as to when the SIR report will be made available.

“The SIR is not an external audit of the financial statements and its scope is limited to the matters highlighted by KPMG,” Devanesan pointed out in a recent weekly newsletter. “Surely, between the company and EY – by now – they should be able to iron out an indicative date for the release of the SIR report and the findings thereof.”

Devanesan added Serba Dinamik should provide an indicative date as to when the SIR report can be made available to provide some comfort to minority shareholders.

Johan also dismissed allegations that Serba Dinamik is purportedly trying to delay the release of the SIR findings.

“We are equally as desperate to await the outcome of the SIR report as we are looking forward to close a black chapter in the company’s corporate history. But this is not without logistical complications due to meeting requirements of the movement control order (MCO) policies by the Securities Commission (SC) and EY,” he justified.

“Nobody has gained anything from what has transpired since mid-May; Serba Dinamik has seen 75% of its market capitalisation wiped out from RM6 bil to RM1.55 bil today”.

Unless the SIR is released soonest, Devanesan has also raised concerns that the external audit deadline of Oct 31 for Serba Dinamik’s accounts for financial year ended June 30, 2021 could be extended which would add further uncertainty to minority shareholders.

Serba Dinamik was unchanged at 40 sen with 3.91 million shares traded, thus valuing the company at RM1.49 bil. – Sept 9, 2021

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3190985

ESOS

https://focusmalaysia.my/og-services-an-overlooked-subsector-amid-recovering-crude-oil-prices/

For comparison, Dayang Enterprise Holdings Bhd and Wah Seong Corp Bhd, Serba Dinamik’s nearest peers in the O&M space, are both trading at PER 2022 of about eight times, while well services providers like Deleum Bhd (Deleum), Uzma Bhd and Reservoir Link Energy Bhd are trading at PER 2022 of six to eight times.

Larger market cap players such as Dialog Group Bhd and Yinson Holdings Bhd are at PER 2022 of 22.8 times and 12.3 times respectively, but even that is at the lower end of their historical PERs.

Interestingly, Serba Dinamik is ‘at the bottom of the food chain’ with a PER 2022 of only two times.

On 18 Mac 2020 : Insider DATUK JOSEPH LEE YOK MIN @ AMBROSE (a company director) acquired 17,850,000 shares at 0.015, then the price climbing up till 0.095, that's a whopping increase of 633%

Can 2020 history repeat by itself? in Sept 2021....guess??? SURE CANNN!

More GOOD news is coming out soon

TP 0.10 can be achieve soon :),,,,

https://www.nst.com.my/business/2021/09/723281/bornoil-posts-solid-q4-earnings-contribution-quoted-securities

BornOil posts solid Q4 earnings, contribution from quoted securities

NST Business2-3 minutes 9/1/2021

KUALA LUMPUR: Borneo Oil Bhd (BornOil) reported a net profit and revenue of RM35.51 million and RM15.82 million for the fourth quarter (Q4) ended 30 June 2021 (FY21), an increase of 2,736 per cent and decrease of two per cent respectively.

The sharp increase in net earnings was due to fair value gain on an investment in quoted securities of RM26.46 million, reversal of impairment loss of RM18.63 million and disposal of business assets of RM1.91 million.

For the full year, BornOil's net profit jumped 1,784 per cent to RM28.51 million from RM1.59 million, while revenue decreased 42 per cent to RM51.40 million from RM88.28 million last year.

Its resources and sustainable energy division, in particular, reported profit before tax of RM16.98 million for the quarter due to a gain of RM20.54 million on reversal of impairment loss and disposal of business assets.

The New Straits Times previously reported that BornOil collaborates with Nevada-based Verde Resources of the United States on catalytic biofraction green technology initiatives.

This collaboration has enabled BornOil to penetrate the US market, where global investors have been demanding socially and environmentally conscious initiatives related to green sustainable products.

BornOil executive director Datuk Joseph Ambrose Lee said that the company has aspirations to be a global renewable energy player in converting palm oil waste products to biomass, biochar, biogas, biofuel and wood vinegar.

Under the Biden administration, the proposal of a US$2.25 trillion infrastructure plan will focus on green energy and decarbonisation.

BornOil's other core business is limestone, the main and monopolistic limestone supplier to the cement industries in Sabah and the BIMP-EAGA (Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area).

The company is also sitting on some strategic properties in Sabah.

The company is also involved in gold mining and trading, while the Sugarbun management team spearheads its food and franchise operations.

BornOil's 'culture of innovation' also launched the popular Sabasco chilli sauce in recent weeks.

01-Sep-2021 Insider DATUK JOSEPH LEE YOK MIN @ AMBROSE (a company director) acquired 1,000,000 shares at 0.035 on 01-Sep-2021.

BUY BUY BUY!!! Price already bottom 0.035, now time to GO UP SKYROKETING!

Parkson made a profit of 130 million yuan in 3 months-Finance |

2-2 minutes 8/25/2021


(Kuala Lumpur, 25th) Attribution and improvement of retail business contribution, as well as cost austerity and enhanced operational efficiency measures have worked. Parkson (PARKSON, 5657, Main Board Consumer Product Service Group) has successfully turned a profit for the three months ended June 30, 2021 , Recorded a net profit of 130.628,000 ringgit, and the cumulative 12-month net loss also dropped by 91.44% to 37.368,000 ringgit.

In the fourth quarter, the turnover increased by 15.36% to 781.418,000 ringgit, pushing up the 12-month turnover by 3.34% to 335,634,800 ringgit.

https://www.sinchew.com.my/content/content_2536365.html

BAU for SDK!

Pak Karim bringing SDK back to its GLORY!

focusmalaysia.my /serba-not-letting-corporate-challenges-hinder-its-biz-operations/

Serba not letting ‘corporate challenges’ hinder its biz operations

4-5 minutes 8/11/2021

SERBA Dinamik Holdings Bhd is not resting on its laurel as the company wants to show shareholders and investors that it remains BAU (business as usual) for the global integrated oil & gas (O&G) service provider.

Despite economic challenges posed by the COVID-19 health crisis, the company through its Malaysian and Indonesian subsidiaries has recently secured 15 contracts in the areas of operations & maintenance (O&M) and engineering, procurement, construction and commissioning (EPCC).

Of the 15 contracts, eight with specific value are valued at US$67.7 mil (RM286.3 mil), according to the company’s latest Bursa Malaysia filing.

Through PT Serba Dinamik Indonesia (PT SDI), a 75%-owned subsidiary of Serba Dinamik International Ltd (SDIL), a wholly-owned subsidiary of Serba Dinamik Group Bhd (SDGB), the company has secured three O&M contracts in Indonesia as follows:

Provision of operational assistance workforce services for the production operations division of Subang Field for client PT Pertamina EP (April 1, 2021 till June 20, 2023);

Provision of workforce support services to assist in the production operation function of the Samberah Area in the PT Pertamina EP Asset 5 Sangatta (April 1, 2021 till June 20, 2023);

Provision of micro turbine generator spare parts for Saka Energi Muriah Ltd (April 30, 2021 till April 29, 2024).

Through SDIL, the company has secured one EPCC contract, namely that of EPCC for the 57.3 megawatt (MW) Myagdi Khola Hydropower project in Nepal’s Gandaki Province (June 1, 2021 till May 31, 2024).

Moreover, through Serba Dinamik Sdn Bhd (SDSB), a wholly-owned subsidiary of SDGB, the company has secured the following contracts with specific value:

Engineering, procurement, installation and commissioning of 55 units of EVC (electronic gas volume corrector) for existing service station (EVC Phase 1 2021) for Gas Malaysia Distribution Sdn Bhd (April 13 till Dec 21, 2021);

Engineering, procurement, installation and commissioning of Automated Meter Reading (AMR) system Phase 2 for Gas Malaysia Distribution (April 19 till Oct 18, 2021);

EPCC of service station SS/FD/DR Phase 2 2021 (15 units) for Gas Malaysia Distribution (May 5 to Oct 27, 2021).

EPCC of service station SS/FD/DR Phase 3 2021 (seven units) for Gas Malaysia Distribution (June 30 till Dec 22, 2021)

“This contract wins are good evidence that our operational business is still in a good shape in regardless of challenges the company is facing on the corporate front,” commented Serba Dinamik’s chairman Datuk Ilyas Mohamed.

“Backed by our good track record, we are optimistic that Serba Dinamik has strong capability to deliver those 15 projects while ensuring that they contribute to the company’s revenue stream.”

Below are the seven O&M contracts with no specific value sealed by SDSB:

Long-term mechanical repair works service agreement with Kapar Energy Ventures Sdn Bhd (Jan 25, 2021-Jan 24, 2023);

Provision of general manpower supply and repair maintenance for rotating equipment (PUMP) for Regas Terminal (Sg Udang) Sdn Bhd (Feb 1, 2021-Sept 30, 2022);

Umbrella contract for the design, supply, installation, testing, commissioning of LPG (liquefied petroleum gas) bulk facilities equipment at Petronas Dagangan Bhd’s LPG customer locations (Feb 10, 2021 till Feb 9, 2024);

Supply material, fabrication, blast & paint and site removal of old tank and installation of new T7002 tank for Shell MDS (M) Sdn Bhd (June 1, 2021 till Dec 31, 2021)

Provision of onsite pressure vessel repair for Block B-17 & C-19 snd Block B-17-01 for Carigali-PTTEPI Operating Company Sdn Bhd (June 29, 2021 till June 28, 2024);

Provision of mechanical, tank and civil maintenance services for Shell MDS (M) Sdn Bhd (Aug 15, 2021 till Aug 14, 2025);

Piping construction and mechanical services for AIA plant changes for Shell MDS (M) Sdn Bhd (Aug 15, 2021 till Aug 14, 2025).

At the close of today’s trading, Serba Dinamik was down half sen or 1.23% to 40 sen with 70 million shares traded, thus valuing the company at RM1.49 bil. – Aug 11, 2021

https://focusmalaysia.my/serba-not-letting-corporate-challenges-hinder-its-biz-operations/

www.airtimes.my /2021/08/11/serba-dinamik-di-landasan-yang-betul-atasi-isu-audit-pengarah/

Serba Dinamik di landasan yang betul atasi isu audit – Pengarah

3-3 minutes 8/11/2021

KUALA LUMPUR, 11 Ogos – Pengarah bebas bukan eksekutif Serba Dinamik Holdings Berhad (Serba Dinamik), Datuk Abdul Kadier Sahib menegaskan syarikat itu berada di landasan yang betul untuk mengatasi kemelut audit.

Menurut beliau, Serba Dinamik telah mengambil langkah yang tepat dalam isu ini termasuklah melakukan pelantikan barisan pengarah bebas baharu pada awal Julai lalu.

“Pengarah bebas yang baharu dilantik telah berkerja sepenuh masa bagi memastikan kepentingan pelabur dan syarikat dapat dipenuhi,” kata Abdul Kadier yang dilaporkan oleh media tempatan berbahasa Inggeris.

Pada 7 Julai lalu, Serba Dinamik telah melantik bekas Ketua Pengarah Cawangan Khas Polis Diraja Malaysia (PDRM), Datuk Seri Mohamed Farid Abu Hassan sebagai pengarah bebas bukan eksekutif Serba Dinamik.

Selain daripada itu, Siti Zaleha Sulaiman, bekas Ketua Pengurusan Risiko Korporat di Bursa Malaysia dan pengarah bebas bukan eksekutif AIMFLEX Berhad turut dilantik pada tarikh yang sama.

‘Pelantikan audit yang cepat’

Selain daripada itu, Abdul Kadier turut menyatakan Serba Dinamik turut mengambil langkah yang pantas untuk melantik Ernst & Young Consulting Sdn Bhd (EY) sebagai pemantau dapatan audit KPMG.

“EY telah dilantik sebagai badan bebas untuk melakukan taksiran dan menyemak kebenaran dapatan audit oleh KPMG,

“Selain daripada itu, kami turut mempercepatkan pelantikan Nexia SSY PLT sebagai auditor luar baharu bagi menggantikan peranan KPMG,” ujarnya.

Nexia SSY PLT, syarikat tempatan telah dilantik sebagai badan audit Serba Dinamik pada 26 Julai lalu. Pada 3 Ogos, Nexia telah menerima kebenaran profesional oleh KPMG untuk mengambil alih peranan sebagai auditor Serba Dinamik.

Nexia merupakan salah satu ahli bebas rangkaian Nexia International. – airtimes.my

White Horse disposes of land in Vietnam for RM113m

KUALA LUMPUR (June 22): Ceramic tile maker White Horse Bhd is disposing of a piece of leasehold land with buildings in Vung Tau, Vietnam for RM113.45 million.

The group is selling the land measuring 278,511 square metres to Vietnam's Viglacera Tien Son Joint Corp, it said in a bourse filing.

White Horse said the disposal is expected to improve its bottom line in the long run as the ceased operation in Vietnam would reduce its loss position, besides consolidating the production facility in Malaysia.

The expected gain from the disposal is RM58.3 million, the group added.

White Horse's share price rose one sen or 1.63% to 62.5 sen today, giving the group a market capitalization of RM148.79 million.

https://www.theedgemarkets.com/article/white-horse-disposes-land-vietnam-rm113m

White Horse: Disposes of land in Vietnam for RM113m. White Horse is disposing of a piece of leasehold land with buildings in Vung Tau, Vietnam for RM113.45m. The group is selling the land measuring 278,511 sqm to Vietnam's Viglacera Tien Son Joint Corp. The disposal is expected to improve its bottom line in the long run as the ceased operation in Vietnam would reduce its loss position. (The Edge)

HOW TO SPOT A LIMIT UP STOCK ? PART 2 Answer by LTA

WTHORSE catch my attention as it fulfilled limit up criteria. Price has been high previously and now drop to bottom.

Can obviously see low volume previously, and lately a bit active. Just break recent high. To verify why, we notice they selling a piece of land worth RM 113.45 million. This could translate into RM 0.472 per share. After checking into balance sheet, not hard to see they are quite cash and asset rich which have NTA above RM 2.00. Selling this piece of land will bring them into net cash position of roughly RM 0.525 per share. Special dividend might be potentially announce after this land disposal deal.

Since NTA (property and plant) worth above RM 2.00, and cash so rich, I wound think that if boss wanna do privatization, it should give a price tag of at least RM 1.30-RM 1.80.

https://klse.i3investor.com/blogs/logicdiary/2021-08-09-story-h1569653804-HOW_TO_SPOT_A_LIMIT_UP_STOCK_PART_2_Answer_by_LTA.jsp

Meanwhile, Abdul Kadier expects Serba Dinamik to be on the right track to resolve its auditing-related issue with the appointment of new board members, hence able to chart the future without sacrificing its corporate governance interest.

“We can see that all our newly appointed independent directors have been working 24/7 to serve the best interest of the stakeholders and company,” he observed.

“Not only that they have facilitated the appointment of Ernst & Young Consulting Sdn Bhd (EY) as the special independent reviewer to assess the veracity of the audit issues raised by our former auditor (KPMG) but also fast-tracked the appointment of Nexia SSY PLT as Serba’s new external auditor.”

https://focusmalaysia.my/the-serba-conundrum-riding-a-heavy-storm-with-great-faith/

MORE gud news about SDK is OUT on daily basis,

HATERS gonna move into CAVE back soon

SDK will FLY, just waiting on the right moment...

Haha more light at the END of the TUNNEL,

Pak Karim will prove that he is a reliable-man, and SDK going back into its GLORY!

-------------------------------------------

https://dagangnews.com/nexia-terima-kebenaran-kpmg-semak-fail-serba-dinamik-7942

https://focusmalaysia.my/serba-takes-impending-challenges-in-stride-re-building-future-is-key/

https://www.freemalaysiatoday.com/category/highlight/2021/08/04/after-auditing-blip-serba-dinamik-boss-says-focused-on-the-future/

“We don’t have anything to hide, that’s why we’ve been so quick to bring in another auditor to look over our accounts. We just want to move past this and get back to business.

“We are in close contact with our clients and banks, updating them on what we’re doing and reassuring them that all is okay. The ship is steady and we are moving forward.

*Investors appear to be taking notice, too, with the company’s share price slowly beginning to recover after taking a hit in late June*

Hab Tenaga Bersepadu Bintulu unjur kontrak kerja RM1 bilion dari firma global | Dagang News

https://dagangnews.com/hab-tenaga-bersepadu-bintulu-unjur-kontrak-kerja-rm1-bilion-dari-firma-global-7842

Former Serba audit committee chairman charged in court

2-3 minutes 7/27/2021

SERBA Dinamik Holding Bhd’s former senior independent non-executive director (INED) Hasman Yusri Yusoff was charged in the Magistrate’s Court in Jalan Duta, Kuala Lumpur yesterday (July 26) for criminal intimidation.

Hasman, 60, who was also the former audit and risk committee (ARC) chairman of the global integrated oil & gas (O&G) outfit was charged under Section 507 of the Penal Code for threatening to cause physical harm to a fellow board member – an act which provides for a maximum of two years’ imprisonment or a fine, or both, upon conviction.

A former partner at KPMG Malaysia prior to his retirement in December 2015, Hasman who was appointed to the Serba Dinamik Board on November 16, 2016 resigned on June 24 alongside four other INEDs, citing “differences in opinion with the decisions made by the board which in his view are not to the best interest of the company”.

The four INEDs who resigned en masse together with Hasman were Tengku Datuk Seri Hasmuddin Tengku Othman, 59; Rozilawati Basir, 50; Sharifah Irina Syed Ahmad Radzi, 44; and newly appointed Masleena Zaid.

Hasman is also one of the defendants among the 44 KPMG partners in the 1Malaysia Development Bhd (1MDB) legal suit filed by the Ministry of Finance Inc (MOF Inc) and the Malaysian Government.

According to his profile in Serba Dinamik’s Annual Report 2019, Hasman is a member of the Malaysian Institute of Accountants (MIA) and a fellow of the Association of Chartered Certified Accountants (ACCA).

He also holds a Postgraduate Diploma in Islamic Studies from International Islamic University Malaysia.

Hasman joined KPMG in 1999 as a director in the assurance and audit division before becoming a principal with the assurance division in October 2001.

Prior to KPMG, he was with the Petronas group of companies for 10 years from 1984 to 1994, holding various positions in the group. Thereafter, he joined Malakoff Bhd for four years from 1995 to 1999 as the general manager (finance).

His experience in audit and commercial covers a wide range of industries including construction, property development, plantation, power generation and O&G. – July 27, 2021

------------------------------

TRUTH will prevail soon!

TAKE your positions NOW!!!

https://focusmalaysia.my/former-serba-audit-committee-chairman-charged-in-court/

https://www.nst.com.my/business/2021/07/712153/serba-dinamiks-next-challenge-deliver-2020-financial-accounts-time-says-mswg

With operations in more than 128 countries, Nexia is currently eighth largest accounting firm in the world according to the International Accounting Bulletin Survey 2021.

"It is good that an external auditor has been appointed before the deadline," MSWG chief executive officer Devanesan Evanson said.

"The company and the auditor should now endeavour to release the audited financial statements by the October 31 deadline," he added.

Although Nexia SSY may not be as well-known as the Big-Four firms, Devanesan said it was nevertheless registered with the Audit Oversight Board (AOB) which aims to foster high quality independent auditing to promote confidence in the quality of audited financial statements of public-interest entities.

"Usually international firms have to get internationally centralised risk clearance before they take on audits with issues. Then it becomes a risk appetite issue for auditors," he said, adding that Nexia SSY would be able to do the job as well as other firms.

"After all, they are members of the Malaysian Institute of Accountants, licenced and registered by AOB which would have done some due diligence before registering them," Devanesan said.

MSWG: Serba’s next challenge is to deliver its 2020 financial statements on time

2-3 minutes 7/27/2021

THE Minority Shareholders Watch Group (MSWG) has applauded Serba Dinamik Holdings Bhd for striving to appoint a new external auditor ahead of its end-July timeline to replace KPMG PLT which resigned on June 24.

Yesterday, the board of Serba Dinamik Holdings Bhd ssid it has today nominated Nexia SSY PLT to fill up the vacancy for its new statutory auditors in accordance with the Companies Act 2016 for its financial year ended June 30, 2021.

To re-cap, Nexia SSY PLT is an independent member firm of Nexia International, a leading London-based global network of independent accounting and consulting firms.

With operations in more than 128 countries, Nexia is currently ranked the eighth largest accounting firm in the world by the International Accounting Bulletin Survey 2021.

“It is good that an external auditor has been appointed before the deadline,” head honcho of the share activism group Devanesan Evanson told FocusM.

“The company and the auditor should now endeavour to release the audited financial statements by the Oct 31 deadline.”

Although Nexia SSY may not be as well-known as the Big-Four firms, they are nevertheless registered with the Audit Oversight Board (AOB) which aims to foster high quality independent auditing to promote confidence in the quality of audited financial statements of public-interest entities, according to Devanesan.

“Usually international firms have to get internationally centralised risk clearance before they take on audits with issues. Then it becomes a risk appetite issue for auditors,” he opined, noting that Nexia SSY would be able to do the job as well as other firms.

“After all, they are members of the Malaysian Institute of Accountants (MIA), licensed and registered by AOB who would have done some due diligence before registering them,” added Devanesan.

At today’s mid-day trading break, Serba Dinamik was up 0.5 sen or 1.19% to 42.5 sen with 73.84 million shares traded, thus valuing the company at RM1.58 bil. – July 27, 2021

https://focusmalaysia.my/mswg-serbas-next-challenge-is-to-deliver-its-2020-financial-statements-on-time/

Serba Dinamik nominates Nexia as new external auditor

KUALA LUMPUR: Serba Dinamik Holdings Bhd has nominated Nexia SSY PLT as its new external auditors for the financial year ending June 30, 2021.

This was following the resignation of its previous external auditors KPMG PLT.

Nexia is ranked among the top ten global accounting firms.

"The board of directors of Serba Dinamik wishes to announce that the company has nominated Nexia SSY PLT to fill in the vacancy for the new statutory auditors of the company in accordance with the Companies Act 2016 for the financial year ended June 30, 2021 30 June 2021, subject to amongst others, professional clearance from KPMG PLT in accordance to Section 320 By-Law of the Malaysian Institute of Accountants," it said in a filing with Bursa Malaysia today.

https://www.thestar.com.my/business/business-news/2021/07/26/serba-dinamik-nominates-nexia-as-new-external-auditor

----------------------------------------------------

https://www.theedgemarkets.com/article/serba-dinamik-nominates-nexia-new-external-auditor

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https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E4%B8%96%E9%9C%B8%E5%AE%A1%E8%AE%A1%E7%96%91%E4%BA%91part75%E3%80%91%E4%B8%96%E9%9C%B8%E6%8F%90%E5%90%8Dnexia-ssy%E4%B8%BA%E6%96%B0%E5%AE%A1%E8%AE%A1%E5%B8%88

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https://www.bharian.com.my/bisnes/korporat/2021/07/843648/nexia-dilantik-juruadit-luar-baharu-serba-dinamik


News is spreading fast!
do not keep analyze until paralyze

the one who act fast will reaps the fruits

:)

https://www.agn.org/AGN/INTL/IAB/IAB-618-World-Survey-2021.pdf

Page 8 | www. internationalaccountingbulletin.com | Feb 2021

Read.....

Ermmm Good for SDK

https://nexia.com/about-us/press/press-2021/-nexia-international-becomes-eighth-largest-global-accounting-network/

Nexia International becomes eighth largest global accounting network

Nexia International, a leading, global network of independent accounting and consulting firms is delighted to announce that according to the latest International Accounting Bulletin (IAB) World Survey, the network has risen one place since last year to become the 8th largest global accounting network, as measured by fee income.

In 2020, Nexia's total fee income was USD4.5bn across the network - an increase of 5% on 2019.

This increase in global revenue is a result of consistent organic growth across the network in every region, though the LATAM region performed particularly well due to the admission of several new firms.

Throughout 2020, Nexia continued to expand its global presence by welcoming new member firms in Albania, Egypt, New Zealand, Sweden, Kenya, Cambodia, Canada, Oman, Gabon, Algeria, and Argentina.

Commenting on the results, Kevin Arnold, CEO of Nexia International, says: ''I am extremely pleased that we have moved up into 8th position in global rankings and of the consistent, year on year growth we have achieved over the last ten years. This remarkable achievement reflects the high quality of our member firms and the value they deliver to their clients.

The last twelve months has been a challenging time for all but the Nexia network has continued to grow and improve its offerings to member firms and their clients. All Nexians are proud of this accomplishment.”

https://focusmalaysia.my/serba-dinamik-appoints-nexia-ssy-plt-as-new-external-auditor/

Nexia SSY PLT is an independent member firm of Nexia International, a leading London-based global network of independent accounting and consulting firms.

With operations in more than 128 countries, Nexia is currently ranked the eighth largest accounting firm in the world by the International Accounting Bulletin Survey 2021.

https://www.nst.com.my/business/2021/07/711910/serba-dinamik-names-nexia-ssy-new-external-auditor

Nexia is currently ranked the eighth largest accounting firm in the world by the International Accounting Bulletin Survey 2021 and with operations in more than 128 countries.

Nexia International to strengthen presence in Asia Pacific | Dagang News

2-3 minutes

KUALA LUMPUR 26 July - Nexia International plans to strengthen its presence in Asia Pacific particularly in locations where its network is not represented and through greater collaboration with other Nexia member firms in the region.

Nexia still saw Asia Pacific as an area of growth despite the Covid-19 pandemic, according to Nexia SSY PLT managing partner Jason Sia. Nexia SSY is an independent member firm of Nexia.

"Our established service approach based on Nexia SSY's extensive experience and expertise, is designed to provide consistent and high-quality services to meet the companies' required standards as well as identifying improvements and opportunities to increase operational efficiency.

"Nexia SSY, with our international outlook, will help companies to navigate the increasing complex maze of global markets and recommend the optimum solutions for their business as well as their individual wealth creation and preservation," Sia said in a statement today.

Nexia currently ranked eighth among the major global accountancy and business network, according to the International Accounting Bulletin Survey 2021.


The ranking was based on a combined turnover of over US$4.5 billion for 2020 with Nexia represented in more than 128 countries with over 34,000 employees.

Other than audit and assurance, Nexia SSY also provides services such as business taxation, special advisory services as well as personal tax and wealth management.

Nexia's established network enables its member firms to leverage the strength of other member firms across the network and enabling the delivery of global solutions to their respective clients.

Nexia International is a worldwide network of independent auditors, business advisers and consultants. Nexia International was founded in 1971 by two firms – Oppenheim Appel Dixon & Associates, USA and Spicer & Pegler, UK.

These two founding member firms serviced over half the firms in the financial sector in the major centres of London and New York. Today, the Network is headquartered in London. - DagangNews.com

https://dagangnews.com/nexia-international-strengthen-presence-asia-pacific-7663

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MORE good mews to come

https://dagangnews.com/serba-dinamik-appoints-nexia-ssy-plt-new-external-auditor-7682

Serba Dinamik appoints Nexia SSY PLT as new external auditor | Dagang News

2-3 minutes

KUALA LUMPUR 26 July – The Board of Directors of Serba Dinamik Holdings Berhad announces that the Company has nominated Nexia SSY PLT (Nexia) to fill in the vacancy for the new Statutory Auditors of the Company in accordance with the Companies Act 2016 for the financial year ended 30 June 2021.

It would be subject to among others, professional clearance from KPMG PLT in accordance to Section 320 By-Law of the Malaysian Institute of Accountants. Further announcement will be made upon completion of the aforesaid procedure.

Serba Dinamik’s Chairman Datuk Mohamed Ilyas said, “The Board of Directors, including the Audit & Risk Committee of Serba Dinamik is committed in ensuring the nomination is based on the objectivity and independence as well as the sound performance of the external auditor.”

He said, the appointment is based on the criteria set by the Board which is in line with legislative promulgations such as Companies Act 2016, Capital Markets and Services Act 2007 (Amendment 2012) and Listing Requirements whilst also taking into account the Malaysian Code on Corporate Governance (MCCG), and the By-Laws (on Professional Ethics, Conduct and Practice) by the Malaysian Institute of Accountants (MIA).”

Nexia SSY PLT is an independent member firm of Nexia International (Nexia), a leading global network of independent accounting and consulting firms. Nexia is currently ranked the eighth largest accounting firm in the world by the International Accounting Bulletin Survey 2021 and with operations in more than 128 countries.


“By leveraging on Nexia SSY PLT’s extensive experience and expertise, the Group is confident that Serba Dinamik will continue to maintain its high corporate governance standards while simultaneously increasing its operational efficiency,” added Datuk Mohamed Ilyas in a statement here today.

READ ALSO: Nexia International strengthen presence in Asia Pacific

Nexia SSY PLT is the established sole member firm in Malaysia with a strong presence in the Asia Pacific region. Other than Audit and Assurance, Nexia SSY PLT also provides services such as Business Taxation, Special Advisory Services as well as Personal Tax and Wealth Management. - DagangNews.com

https://www.theedgemarkets.com/article/kpmg-resigns-external-auditor-scib-light-recent-events-surrounding-audit-firm-has-caused

"To put the matter into context, the company has been inter alia seeking legal advice regarding recent events surrounding KPMG that has caused adverse speculation against the company. This is in light of a perception that the company shares similarities to that of another publicly listed company, which is currently in litigation with KPMG," explained SCIB.

"Accordingly, concerns were raised by the company as to whether KPMG is able to continue acting independently in their capacity as auditor consonant with Rule 400.5 of the Malaysian Institute of Accountants By-Laws (on professional ethics and conduct)," it added.

https://www.melakahariini.my/eksklusif-bekalan-oksigen-di-hospital-melaka-tak-cukup/

(EKSKLUSIF) Bekalan oksigen di Hospital Melaka tak cukup?

AYER KEROH 25 Julai – Bekalan atau tekanan oksigen untuk kegunaan pesakit di wad kecemasan termasuk unit rawatan rapi (ICU) Hospital Melaka didakwa berada di bawah paras kritikal ketika ini.

Menurut sumber, kekurangan tekanan ‘wall oxygen’ di hospital berkenaan baharu berlaku sejak sejak minggu lalu disebabkan kemasukan terlalu banyak pesakit melebih had biasa.

India receives 17,755 oxygen concentrators in foreign aid: Health ministry
Of these 15,567 oxygen concentrators, about 12,530 units have been delivered to states, and another 3,037 have been dispatched

https://www.business-standard.com/article/current-affairs/india-receives-17-755-oxygen-concentrators-in-foreign-aid-health-ministry-121052401548_1.html

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How important OXYGEN is....

SO do BIG!

Saya difahamkan bekalan oksigen sangat kritikal di banyak hospital-hospital seluruh negara sejak beberapa minggu kebelakangan ini.

Semalam pun PM8 mengakuinya dengan berkata bekalan oksigen kita kritikal walaupun dia masih cuba menyalahkan pentadbiran saya.

Isu oksigen ini sangat kritikal.

Tanpa oksigen ramai pesakit yang akan mengalami kemudaratan yang teruk termasuk kematian.
Langkah pertama untuk mengatasi masalah adalah dengan kita mengaku kita ada masalah.
Kes hari ini mencecah 17K. Bermakna penggunaan hospital dan fasiliti kesihatan termasuk oksigen akan semakin meningkat. Tidak ada tanda ia akan menurun.

Diharap kerajaan tidak melakukan kecuaian jenayah sekali lagi sebagaimana mereka membiarkan penggunaan ICU mencecah 104% sebelum melakukan tindakan.

Sekiranya kita tidak mampu lagi mengendalikan masalah ini, sudah tiba masanya kita meminta bantuan masyarakat antarabangsa kerana kita sememangnya dalam krisis yang sangat teruk.
Jumlah penduduk India sebanyak 1.37 bilion orang - 43 kali ganda lebih ramai berbanding Malaysia.

Keadaan Covid Malaysia sebenarnya sudah berkali ganda lebih teruk berbanding paras paling parah India pada bulan Mei lalu.

Masa itu, kerajaan India tak ego. Tak sombong.

Mereka mengaku sistem kesihatan sudah lumpuh, bekalan oksigen hospital tidak cukup dan meminta bantuan antarabangsa.

Hasilnya ialah lebih 17,500 unit Oxygen Concentrator, iaitu alat yang menghasilkan oksigen dari udara atmosfera, dihantar ke India oleh komuniti antarabangsa dalam masa beberapa hari sahaja.
Tapi di Malaysia pula, kerajaan kita asyik kata kita belum gagal. Keadaan terkawal tapi realitinya ialah kita kekurangan oksigen sehingga ada tuduhan yang tidak dinafikan kerajaan PN bahawa puluhan orang mati lemas di hospital Ampang pada Hari Raya Haji akibat bekalan oksigen gagal.
Tolong jangan nafikan keadaan ini.

Darah saya mendidih melihat jumlah kematian yang semakin membukit saban hari.
Dan tolong!!! Saya tak mau dengar idea pelik-pelik seperti cetak duit, menghijaukan ward dengan membawa masuk tumbuh-tumbuhan untuk tambah oxigen dan seumpamanya..
Bukan masanya untuk anda jadi badut. Cari hari lain.

FROM Najib Razak FB 25/07/2021 ; 7.43PM

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Hopefully, B.I.G can ease the burden....

Sudah cecah 1 juta secara rasmi.
1,013,438 kes Covid-19 di Malaysia.

TODAy is the HIGHEST 17,045!

Oxygen need is more than EVER! so do B.I.G!

BIG during its PEAK, climb until 6.250 per shares...

Will it do the same this time around? Now or never, lets watch the show...
with only 52.9M share issued, the possibility is there

with covid19 cases is on the INCREASE, more oxygen needed

look at other, with the same share issued, it can easily hit RM4-5

ermm the possibility is there, be optimistic, currently 1.8 seems still very cheap

;)

malaysiagazette.com /2021/07/24/bali-kekurangan-bekalan-oksigen/

Bali kekurangan bekalan oksigen

JAKARTA – Pulau Bali di Indonesia kekurangan oksigen untuk pesakit Covid-19 ketika jangkitan meningkat, kata ketua agensi kesihatannya.

Bali, terkenal dengan pantai dan kuil-kuil pelancongannya, bersama dengan pulau utama Jawa dan 15 wilayah lainnya berada di bawah sekatan koronavirus yang ketat sehingga esok.
Kerajaan sedang membahaskan sama ada sekatan itu akan dilanjutkan atau tidak.
“Kami mengalami kekurangan oksigen sejak 14 Julai lalu dan hari ini semakin kritikal kerana lonjakan kes baharu.

“Ada krisis oksigen di Bali,” kata Ketut Suarjaya, Ketua Badan Kesihatan Bali.
Indonesia, negara keempat terpadat di dunia, telah mengalami lebih daripada 3 juta kes jangkitan koronavirus dengan 80,598 kes kematian menurut data rasmi.

Kes-kes dicetuskan oleh varian Delta dan setakat ini tiada tanda-tanda kes akan reda.
Organisasi penyelidikan Our World in Data mengatakan Indonesia merekodkan kadar kematian tiga kali lebih tinggi daripada purata global.

Suarjaya berkata, pesakit di Bali memerlukan 113.3 tan oksigen pada hari Khamis, sementara hospital hanya memiliki 40.5 tan.

Kekurangan oksigen juga berlaku di Jawa dan kerajaan telah mula mengimport bekalan oksigen dari Amerika Syarikat dan China. – MalaysiaGazette
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Original Page: https://malaysiagazette.com/2021/07/24/bali-kekurangan-bekalan-oksigen/?fbclid=IwAR0W9UO_xjZCkRMlLQ7cCnia9kC7McN1JGMxlSWW7-a5dKsZEuab_XGLOpM