Sektor Pembuatan (Elektrik dan Elektronik) is 60% capacity la. Mana ada total loss..

There is systemic risk here. End of the day asks yourself risk v reward ratio. The risks is this; SC is investigating a possible offence. Under CMSA I could think about false reporting. Bear in mind thaf Serba has already reported these numbers in their unaudited quarterly reports. If proven the numbers are false, the company and its directors are in trouble. When SC investigates, there is uncertainty. Fund managers and investors hate uncertainties. They rather protect the capital and find other opportunities. It will result in weakness of share price.

Reward is of course if there is no wrongdoing and cleared by SC and the new auditors ( assuming it get changed).

But all these scenarios will take time and no one know the bottom. Mitigate the risk and profit will take care of itself

Sbb ?? ask Topglove’s shareholders..

There is systemic risk here. End of the day asks yourself risk v reward ratio. The risks is this; SC is investigating a possible offence. Under CMSA I could think about false reporting. Bear in mind thaf Serba has already reported these numbers in their unaudited quarterly reports. If proven the numbers are false, the company and its directors are in trouble. When SC investigates, there is uncertainty Fund managers and investors hate uncertainties. They rather protect the capital and find other opportunities. It will result in weakness of share price.

Reward is of course if there is no wrongdoing and cleared by SC and the new auditors ( assuming it get changed).

But all these scenarios will take time ans no one know the bottom. Mitigate the risk and profit will take care of itself

Changing auditors now at this juncture only makes it worse

Sc should investigate Karim and his people.. shareholders must start a petition.. this is deplorable

You see, KPMG wont raise a flag unless it is a matter of concern. The amount that cannot be verified is huge.. just cut loss and preserve capital. Serba has handled this horribly wrong. Two days suspension and a so called half baked explanation after that is not acceptable. They should have seen this coming and taken measures before that

Allegations made by KPMG is serious! SC will sure lu investigate. Basically what KPMG is saying is that potentially there is some issue that the identity and authenticity of some contract cannot be verified..

Game over guys..monday will go down more.. serba will see pressure. Protect your capital

Guys, Monday when Serba opens deep red. Kpower and SCIB will suffer too.. my advice is to sell and preserve your capital first. This is not an ego contest. Serba has not done much to clarify till now so Monday its going to be ugly. Get out while you can now..

There will be some weakness when Serba starts trading. It will be there for few days..

Wait until QR is out. SCIB is run independently and dont use KPMG. Karim is non executive Chairman. Non executive means he doesn’t run day to day affair. CEO Rosland does..

Market will overreact ans its opportunity to buy when it does. SCIB is not Serba. Both are run separately. That is basic company law

Honestly im surprised with these analysts downgrading even before Serba’s statement is out. They don’t even know what KPMG’s basis to not sign. Sometimes just could be something minor. Intent is to create panic selling so that funds pick up cheap. Don’t forget RM100 TP for Topglove.

Dont create unnecessary panic. You are highly immoral HighChaperal. Karim is only a non executive director in SCIB. Know the difference!
Kpmg is not the auditor for Scib. SCIB uses Crowe. Another thing is only annual accounts are audited by external auditors. Quarterly report that SCIB is due to announce doesnt need external auditors to audit

Aiya. I told since last year that Stanley doesn’t give a dime about share price anymore. He has made fat money and enjoy life in his new condo. Mana ada buy back? Even directors tak mau beli. Beli pun sikit macam ciput. So forget about Supermax and go buy tech counters already.. they are here to grow and provide long term opportunities.

https://www.theedgemarkets.com/article/emergence-new-covid19-variants-worrying-says-health-dg

https://www.theedgemarkets.com/article/sarawak-consolidated-subsidiary-bags-pr1ma-housing-project

RSI oversold. Dont panic sell now. No stock can go down in a straight line..the whole market is weak.. just hold your cards

RSI at a ridiculously low levels. Watch for rebound. Those panic selling will regret when it rebounds. The whole market is soft. Not just this counter.

Selangor, KL may see MCO 1.0 like restrictions?

Taiwan tightens curbs after reporting 180 local COVID-19 cases in a day. https://cna.asia/2RTHCxB

Taiwan tightens curbs after reporting 180 local COVID-19 cases in a day. https://cna.asia/2RTHCxB

Aiya Singapore pun kena restrictions. Goreng on Monday

Chip shortage expected to cost auto industry $110 billion in revenue in 2021
https://www.cnbc.com/2021/05/14/chip-shortage-expected-to-cost-auto-industry-110-billion-in-2021.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

TSMC and Apple rebound yesterday. Further rebound today will be early reversal trend for Inari too..

What’s the big deal with KLCI news. The last time when it was included it went down like a diarrhea.. it doesn’t make much difference

Somebody pressing down

Only fools sell when RSI is oversold. RSI 14.. go back to work and shut the screen.. you cut loss when you are a trader who chased high.. buy low no issue. Just have to be patient

Dont talkok la gooshen. Nowadays Nasdaq and Bursa tech no correlation d. Bursa tech has been down past 9 trading days.

Oversold.. tommorow Karim giving Raya angpow

Mco news, best time for Stanley to SBB the stock. Come on bro

Not only Inari going down. Tech index has been down 9 trading days consecutively. But stocks won’t go down indefinitely

Post raya surge is real. God knows how long this MCO going to be. Best time to accumulate gloves.. it has fallen a lot from the RM6 levels

Tommorow gloves will kena goreng

Buy slowly each day.. be greedy when others are fearful

Be greedy when others are fearful

Buy when low. Simple

If PP is for biz expansion then it’s good.

https://klse.i3investor.com/blogs/humblepie188/2016-01-14-story89814-Private_Placement_Good_or_Bad.jsp

Depleting cash is not prudent . Either they gear up or do PP..

If PP price is 3.20, the stock price has to be above it. Otherwise can get private party to subscribe. It will be supported

EPF has been mopping up Harta and Topglove. TS Lim and family also sapu.. Investment is a cycle.

RSS has caused havoc in KLCI. The entire index is down. Exactly what EPF, Bursa wanted. Bravo

US nowhere close to achieving herd immunity

https://www.cnbc.com/2021/02/26/cdc-scientist-says-the-us-is-nowhere-close-to-herd-immunity.html?__source=iosappshare%7Cnet.whatsapp.WhatsApp.ShareExtension

https://www.businessinsider.com/biden-plans-supply-chain-order-spurred-by-virus-ppe-car-chip-shortage-2021-2

https://www.forbes.com/sites/brucelee/2021/01/18/why-mask-gown-ppe-shortages-persist-even-though-manufacturers-want-to-help/


Supermax’s US long term contract coming soon!

Fauci: New data shows Covid vaccines may be less effective against some new strains
https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Fauci: New data shows Covid vaccines may be less effective against some new strains
https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

https://www.cnbc.com/2021/01/14/jim-cramer-gamestop-bed-bath-beyond-are-surging-on-short-busting.html?utm_content=MadMoney&utm_medium=Social&utm_source=Facebook&fbclid=IwAR0D6DfWVizdk8oJwI1OMdpha8oJNOCFORteTvTvnn47YyinZlUoj82xldk#Echobox=1610674080

Short busting or short squeeze is happening a lot now. US market shows that stocks are surging due to short coverings. Short selling is not peculiar to Malaysia. So, those who are holding tight must know that glove prices are being supported tightly by stubborn uncles and aunties who has become die hard supporters. They know JP Mangkuk and Ambank is just writing non sense to support the short positions.

Once it becomes untenable, especially with Supermax’s numbers coming soon, it will result in a massive bust upwards.
Till then be patient. Cheers to the weekend