Serba Dinamik also said that at this juncture it is unable to provide a solvency declaration for the listed issuer as requested by the exchange. However, it did not elaborate.


https://www.theedgemarkets.com/article/serba-dinamik-sees-significant-financial-impact-us222m-sukuk-default

Can Serba fare better than the Titanic after hitting the iceberg?


https://focusmalaysia.my/can-serba-fare-better-than-the-titanic-after-hitting-the-iceberg/

https://www.theedgemarkets.com/article/serba-dinamik-planning-have-own-satellite-three-and-half-years-%E2%80%94-ceo

Lol

It is going to end extremely badly for SD.

From BOOM to DOOM.

What is next, folks.....Going bust???

AI..a diversion from the main issues..SIR, AR2020 & court cases???

EPF, KWAP, PNB, SFS Sarawak, TH & the rest have abandoned the ship months back.

The latest shareholding standings will only be published in the AR2020.

What was circulated here just a "SuratKhabar Lamaaa".

Armageddon in the making.

Careful now, folks!

https://focusmalaysia.my/citing-myriad-of-unknowns-ta-securities-resea...

AMID a murky prospect due to a myriad of unknowns, TA Securities Research has ceased its coverage on Serba Dinamik,

More IBs to follow suit soon?

Doommmm....Can SCIB roll out its AR2021 in time to prevent stock suspension?

Doommmm....Bursa announces continued suspension of Serba Dinamik share trade due to not meeting directive

Another related counter SCIB shares tumble 23% on suspension risk

Announcement dated 29 June 2021.

Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 28 June 2021, issued a directive that requires the Company to:


(d) Allow the said accounting firm or the accounting firm, with international affiliation appointed to undertake the SIR, to report directly to Bursa Malaysia and the Securities Commission Malaysia, periodically, on the progress of the SIR, and on the findings upon completion of the SIR.

Again to those who have missed this announcement:

This announcement dated 29 June 2021.

Bursa Securities has also informed the Company that failure to comply with their directive above would be a breach of the Listing Requirements and Bursa Securities may take or impose such actions or penalties as it considers appropriate on the company and/or its
directors.

On behalf of the Board of Directors (“Board”), we wish to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 28 June 2021, issued a directive that requires the Company to:

(a) Appoint, by 2 July 2021, an international accounting firm or an accounting firm, with international affiliation, that has adequate experience and resources, to undertake the Special Independent Review (“SIR”), to address concerns raised by KPMG PLT (“KPMG”), in their presentation to the Board on 3 May 2021;

(b) Ensure the said accounting firm appointed or its affiliates, has a presence in Bahrain and such other overseas locations, where the customers and suppliers which were highlighted by KPMG, in their presentation to the Company on 3 May 2021, are located;

(c) Ensure the scope of the SIR is as per agreed between the Audit Committee of SDHB and Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services Sdn Bhd) (“EY”), where the scope was also shared with Bursa Securities on 15 June 2021 and that Bursa Securities reserves the rights to enlarge and extend the scope of work of the SIR to such extent as Bursa Securities may specify; and

(d) Allow the said accounting firm or the accounting firm, with international affiliation appointed to undertake the SIR, to report directly to Bursa Malaysia and the Securities Commission Malaysia, periodically, on the progress of the SIR, and on the findings upon completion of the SIR.

Rules of Bursa Malaysia Securities

2.01 Exercise of powers
(2) The powers of the Exchange include:
(b) adding to, repealing, enforcing, waiving or modifying compliance with any of these Rules or Directives

15.09 Violation by Participants
(b) has failed to comply with any of the Exchange’s decisions, directives, rulings or guidelines (other than those guidelines which are expressed to be non-binding) made under these Rules and/or by the Exchange;

This announcement dated 29 June 2021.

Bursa Securities has also informed the Company that failure to comply with their directive above would be a breach of the Listing Requirements and Bursa Securities may take or impose such actions or penalties as it considers appropriate on the company and/or its
directors.

On behalf of the Board of Directors (“Board”), we wish to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 28 June 2021, issued a directive that requires the Company to:

(a) Appoint, by 2 July 2021, an international accounting firm or an accounting firm, with international affiliation, that has adequate experience and resources, to undertake the Special Independent Review (“SIR”), to address concerns raised by KPMG PLT (“KPMG”), in their presentation to the Board on 3 May 2021;

(b) Ensure the said accounting firm appointed or its affiliates, has a presence in Bahrain and such other overseas locations, where the customers and suppliers which were highlighted by KPMG, in their presentation to the Company on 3 May 2021, are located;

(c) Ensure the scope of the SIR is as per agreed between the Audit Committee of SDHB and Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services Sdn Bhd) (“EY”), where the scope was also shared with Bursa Securities on 15 June 2021 and that Bursa Securities reserves the rights to enlarge and extend the scope of work of the SIR to such extent as Bursa Securities may specify; and

(d) Allow the said accounting firm or the accounting firm, with international affiliation appointed to undertake the SIR, to report directly to Bursa Malaysia and the Securities Commission Malaysia, periodically, on the progress of the SIR, and on the findings upon completion of the SIR.

https://www.bursamalaysia.com/market_information/announcements/company...
26/10/2021 12:02 PM

Doommmmm: Bursa Malaysia has resolved to suspend the trading of securities



SUSPENSION OF TRADING OF SECURITIES OF SERBA DINAMIK HOLDINGS BERHAD (SERBADK)
22 Oct 2021

Bursa Malaysia Berhad (Bursa Malaysia) has resolved to suspend the trading of securities of Serba Dinamik Holdings Berhad, including all structured warrants relating to SERBADK.

The suspension in the trading of SERBADK and all structured warrants relating to SERBADK takes effect from 2.30 p.m., 22 October 2021 until further notice.

The suspension of SERBADK’s securities is effected pursuant to paragraph 16.02(1)(c) of the Main Market Listing Requirements, in the interest of maintaining an orderly and fair market in the trading of SERBADK’s securities.

There you go again folks. Will there be light at the end of the tunnel? Careful now, folks!!

https://www.bursamalaysia.com/market_information/announcements/company...


Kindly be advised that trading in the Company's securities will be suspended with effect from 2.30 p.m., Friday, 22 October 2021 until further notice. The suspension is effected pursuant to paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of SERBADK’s securities.



Accordingly, all structured warrants relating to SERBADK will also be suspended at the same time

Hmmmmmm....doommm

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3202683


Kindly be advised that trading in the Company's securities will be suspended with effect from 2.30 p.m., Friday, 22 October 2021 until further notice. The suspension is effected pursuant to paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of SERBADK’s securities.



Accordingly, all structured warrants relating to SERBADK will also be suspended at the same time.

No worries. Bought below 0.50 & still holding steadily. Better earnings expected for the remaining Qs.

Revenue for the current quarter of RM43.9 million was 5% lower compared to the preceding quarter primarily due to the FMCO in early June 2021.

For the six months period ended 30 June 2021, the Group recorded a revenue of RM90.2 million as compared to RM80.4 million in the corresponding period in the previous financial year, an increase of RM9.8 million or 12%.

The increase was primarily due to an increase in sales in the first quarter of this year to both existing and new local and international customers.

The Group reported a profit before tax of RM2.7 million for the six months ended 30 June 2021 compared to a loss of RM2.5 million for the same period last year primarily due to higher revenue

Remember folks during the 2Q20 Tomypak shares traded above 0.80sen.
With better 2Q21E & market sentiments below 0.50 is now history & soon 0.60 too folks!

Very bullish..good 2Q21 financial results announcement this week..do not miss this boat folks!

Careful now folks.

Director continuously selling is a bad sign. Probably the FY21 will be in the red.

Common sense..if you are a director of a company with knowledge of the company developments, will you sell your if the prospect is bright for FY2021? Hmmmmmm

Careful now folks. Suddenly the buying support of 10k plus gonneeee.Fake support to excite buying so that director can sell again at a good price? Hmmmm

Careful now folks when director keep on selling frequently. What does this tells you on Company performance?

Disposed 2 mil on 30/6/21

A fair value of 63 sen by Public Investment Bank Bhd

Careful now folks.

Directive by Bursa dated 28/06/21 only announce today.

Interestingly on 28 June 2021, prior to the directive being issued by Bursa Securities, the Company had made an announcement entitled “Status Update on the Appointment of Independent Reviewer."

Wowww..what a coincidence if you know what I mean.

Seem that the bear will definitely greet you tomorrow at 9am.


********************************************************************


Bursa Malaysia Securities Berhad (“Bursa Securities”)had on 28 June 2021,issued a directive that requires the Company to:

(a)Appoint,by 2 July 2021, an international accounting firm or an accounting firm, with international affiliation,that has adequate experience and resources, to undertake the Special Independent Review (“SIR”), to address concerns raised by KPMG PLT (“KPMG”), in their presentation to the Board on 3 May 2021;

(b)Ensure the said accounting firm appointed or its affiliates, has a presence in Bahrain and such other overseas locations, where the customers and suppliers which were highlighted by KPMG, in their presentation to the Company on 3 May2021, are located;

(c)Ensure the scope of the SIR is as per agreed between the Audit Committee of SDHB and Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services Sdn Bhd)(“EY”), where the scope was also shared with Bursa Securities on 15 June 2021and that Bursa Securities reserves the rights to enlarge and extend the scope of work of the SIR to such extent as Bursa Securities may specify;and

(d)Allow the said accounting firm or the accounting firm, with international affiliation appointed to undertake the SIR, to report directly to Bursa Malaysia and the Securities Commission Malaysia, periodically, on the progress of the SIR, and on the findings upon completion of the SIR

Bursa Securities has also informed the Company that failure to comply with their directive above would be a breach of the Listing Requirements and Bursa Securities may take or impose such actions or penalties as it considers appropriate on the company and/or its directors.

The plot thickens. Adding salt to the wound (cheaper world crude oil price) tomorrow the bear will definitely welcome you 1st thing in the morning. Careful now folks.

******************************************


kinuxian For block 7 deal, it signed between Dato K and Zonecorp.

https://w.media/zonescorp-partners-with-block-7-investments-to-develop...

The links says
"The agreement was signed by Mohamed Al Khadar Al Ahmed, Chief Executive Officer, ZonesCorp, and Dato’ Dr. Ir. Mohd Abdul Karim Bin Abdullah of Block 7 Investments LLC"

However, since the claims was not a related party transaction, thus, can we assume Dato K represent Serba?

https://www.theedgemarkets.com/article/serba-dinamik-bags-rm771b-contract-abu-dhabi-project

https://apps.theedgemarkets.com/article/serba-dinamik-ceo-block-7-deal-not-related-party-transaction-i-didnt-take-shares-personally

If so, who are the representative from Block 7 / Efire? It's unlikely nobody from Block7/Efire for a 7.7bil deal.

Do check on https://efirecapital.com/ but nothing from "Who we are"

There you go folks after my earlier timely reminder.

Manage to dispose your holdings? Careful now the bear is going to run wild causing havoc again.

UOB Kay Hian 20 sen
HLInvestment 28 sen
TA Securities 28 sen

Again folks just a timely reminder.

The bear is still roaming in SD. At this moment the bear is taking a breather giving you time to escape. Take this limited & short opportunity to sell. Soon the bear will continue to cause havoc in SD.

UOB Kay Hian 20 sen
HLInvestment 28 sen
TA Securities 28 sen

k Careful now folks.

The bear is still roaming in SD. At this moment the bear is taking a breather giving you time to escape. Take this limited & short opportunity to sell. Soon the bear will continue to cause havoc in SD.

UOB Kay Hian 20 sen
HLInvestment 28 sen
TA Securities 28 sen

A fair value of 79 sen or 75% above its initial public offering price (IPO) of 45 sen by Mercury Securities Sdn Bhd.

Two choices: Cut lose now or be an unwilling long term investors

There you go folks. Kenanga Investments Bank Research.

- 1st ever results disappointment from Serba Dinamik.

- Absence of dividends is also below expectations, as SD had previously paid dividends every quarter.

- YOY against 1QFY21 (1QCY20) saw earnings dropping by 15%.

- QoQ against 4QFY21 (4QDY20) saw earnings plunging 44%.

- Short of its successfully releasing its fully audited accounts, the group's corporate governance & reliability of its reported financial statements may remain a point of contention.

- Kenanga Fair value at 0.32 sen.

Be very very fearful when the BIG INVESTORS have been & still selling & dumping aggressively.

TA Securites TP 0.28sen while HLIB at 0.28sen.

Careful now folks..Any upside in stock price, opportunities for the BIG INVESTORS to bail-out as they are not willing to be in s scenario of holding SD in-case SD it get suspended0

TA Securities Research 28 sen.

HLeong Investment Bank 28 sen.

There you go folks.

TA Securities Research has further revised downward to 28 sen.

Hong Leong Investment Bank downgraded with a target price of 28 sen.

Careful now folks..Be fearful when the big investors are aggressively bailing out from SD.

https://focusmalaysia.my/as-the-clock-ticks-serba-needs-to-quickly-get...

What say you, folks!

Continued profit growth fails to support Serba Dinamik share price, why?

https://www.theedgemarkets.com/article/continued-profit-growth-fails-support-serba-dinamik-share-price-why

There you go, folks!

Desperate times call for desperate measures.

https://www.facebook.com/groups/241567406034394/permalink/1642152582642529/

Careful now folks!

By the time all the big institutions finish selling my six sense feeling says that Bursa & SC will take necessary actions against SD. Followed with loans default only then the banks will take necessary actions against SD too.

So the big question can Serba Dinamik be the same as before after hit by a continuous tsunami?

Careful now, folks!

SD is the one who should reply professionally to their auditor.

Also up till this date, there still no confirmation from their oversea Client/Contractors/Suppliers on the authenticity for the supply & contract awarded by or to their oversea clients/contractors/suppliers to counter the auditor claims.

Worse still, their oversea client/contractors/suppliers in question are keeping mum too.

Be fearful when the big investors are aggressively on selling mode.

Careful now, folks!

KPMG Resignation{ Good news to the BoDs but sadly not the share prices.

Big investors will continue to shun this counter...worse still existing big funds will surely continue to cash out

Careful now, folks!

KPMG Resignation{ Good news to the BoDs but sadly not the share prices. Big investors will continue to shun this counter...worse still existing big funds will surely continue to cash out

The end is near, folks!

KPMG will vigorously contest any court proceedings.


https://www.theedgemarkets.com/article/no-basis-legal-action-says-kpmg-serba-dinamik-suit

There you go folks.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166170

Now we know which party is a clown?

Folks, is he the same person as Chairman??

1st read this; https://www.freemalaysiatoday.com/category/highlight/2021/04/09/co-op-...

Next read this: https://www.freemalaysiatoday.com/category/nation/2021/04/11/now-kapb-...

Careful now!

Folks, is he the same person as Chairman??

1st read this; https://www.freemalaysiatoday.com/category/highlight/2021/04/09/co-op-...

Next read this: https://www.freemalaysiatoday.com/category/nation/2021/04/11/now-kapb-...

Careful now!

The end is near..careful now folks!

18/6/21 - director disposed 2mil at 0.175

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3167951

https://twitter.com/chrisannechin/status/1402141207745073152?s=21

Anyone checking the authenticity of the PhD qualifications

SD securedt two ICT contracts to implement a digital platform in Zambia worth RM529.63 million,…. Can’t even find ZCOM Systems Limited website

EPF reported 680k sold on 2 June. 3 & 8 Jun??

Conspiracy theories

https://twitter.com/saraedoraali/status/1401825324766175232?s=21

https://twitter.com/saraedoraali/status/1401825332341084161?s=21

Old news SC to investigate SD

https://www.google.com.my/amp/s/www.malaymail.com/amp/news/money/2021/05/31/securities-commission-opens-investigation-into-oil-firm-serba-dinamik/1978397