Hahaha.

How long TG has been in red?

Posted by UlarSawa > Sep 15, 2021 4:26 PM | Report Abuse

Only drop not even usd0.04. JPM macai berpuluh puluh mari sini talk like macam TG mau bankrupt ini macam kah. Correct?

Seems like many naysayers are coming back to SD today.

They are enjoying the selling spree.

I just enjoying reading their statements.

Yes.

Buy, wait and just read the comments in here.

Heee

Posted by matthewming > Sep 15, 2021 4:26 PM | Report Abuse

Buy and wait

Hahaha. Nice one

Posted by Catchthewave > Sep 14, 2021 6:56 PM | Report Abuse

If you love someone, ask him/her to Topglove.
If you hate someone ask him/her to buy Topglove.

After all timing is all it is about.

Everybody expect for selling.

But big players, sharks expect to grab at very low.

2 different views

Posted by izoklse > Sep 14, 2021 6:40 PM | Report Abuse

no la. Everybody already expected force selling. So tomorrow business as usual. But the thing is what surprise me is this shareholder really holding tight to their share. They not selling any of their share and let the force selling continue. Really surprise me. Is it because they have confident on serba or there are other plan for this shareholder which Karim ask them to just hold to whatever they have. Really really interesting.

Soon, he will queue to buy back. Trust me

Posted by UncleFollower > Sep 14, 2021 4:43 PM | Report Abuse

then u see awang force sell also very odd...last round at that range no force sell. so he withdrew cash after last round share rebound???

2 option for them.

1 - to cut loss and just play another counter
2 - stay hold, or buy more to average down

Posted by suprnoob > Sep 14, 2021 3:47 PM | Report Abuse

wonder how above 1.50 holders are holding up with this shake-up...

Agree new support at 0.35

Posted by EVO118 > Sep 14, 2021 3:42 PM | Report Abuse

It is struggling to get below 0.35 Obviously there are no more margin calls until the push starts again. New base is 0.35

Tomorrow will rise back.

Many buys tomorrow. Sure

Posted by x_abe81 > Sep 13, 2021 5:11 PM | Report Abuse

so tomorrow will go back to all time low 0.305 ka? :) :)

How can Big4 use so called free apps - truecaller to do their checkings and confirmation?

Is this practise really professional way of checking?

Proven wrong based on 'truecaller' method of checking?

Posted by pearlwhite > Sep 13, 2021 1:09 PM | Report Abuse

.
Correct loh.

"if something is proven wrong, sebak will try to correct the wrong,.."

That why he confident now mah. Prove SD wrong with his good acting skills.

With only around 2 million trades, the price already drop 0.14

Selling trend

Can do it again on Monday

Posted by Gkhan > Sep 10, 2021 4:39 PM | Report Abuse

i bought tg ystday.today sell at opening.want to invest harta wait at 5..

Do you have SD stocks now?

Posted by i3lurker > Sep 10, 2021 6:50 PM | Report Abuse

will be cheaper later and you can simpan forever and ever

Is this gonna be true?

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Focus Malaysia Logo

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Will Serba’s major shareholders ever consider taking company private?
By Cheah Chor Sooi
2 hours ago
in Featured, Markets, Top

CAN prospect of privatisation be looming in Serba Dinamik Holdings Bhd given that the patience of its major shareholders may be thinning having to watch the company’s share price stagnating at the 40 sen zone since end-July?

Obviously it pains the heart to be watching from the sidelines the gloom more so as the stock price of the global integrated oil & gas (O&G) outfit remains range-bound even as the FBM KLCI has shown some uptrend since the appointment of Malaysia’s ninth Prime Minister on Aug 20.

What If…Peggy Carter had been chosen as Captain America
Sponsored by Disney+ HotstarLearn more
Delving on the privatisation, a market observer contended that although the share price of Serba Dinamik has been badly hit due to governance issue emanating from the flagging of accounting discrepancies in its FY2020 financials by former external auditor KPMG PLT, the company’s fundamentals seem to remain intact with an outstanding order book.

In recent times, Serba Dinamik has secured 15 new contracts with 10 operation and maintenance (O&M) projects in Malaysia and Indonesia, and five engineering, procurement, construction and commissioning (EPCC) contracts in Malaysia and Nepal.

According to PublicInvest Research analyst Nurzulaikha Azali in her research note dated Aug 12, the contracts are valued at circa RM386.3 mil, hence able to improve Serba Dinamik’s earnings visibility to a healthy order book of RM18 bil.

“There are bound to be ups and downs in business … based on current position, it seems that Serba is too big to fail given it has played a big role in Malaysia’s oil and gas (O&G) industry and particularly so as a vendor development partner for the national oil corporation (PETRONAS),” opined a market observer.

“Henceforth, at its current valuation, it is not surprising that Serba’s major shareholders may contemplate taking Serba private on the basis that its valuation is too cheap to be ignored.”

The company’s five major shareholders as of Sept 10 are its founder, CEO and group managing director Datuk Dr Mohd Abdul Karim Abdullah (21%), the company’s non-independent non-executive director Datuk Abdul Kadier Sahib (16.25%), Amanah Saham Nasional Bhd (6.15%), the Employees Provident Fund (4.99%) and the Retirement Fund (Inc) (4.55%).

“Technically, Serba’s current valuation is at three times PE (price-to-earnings) compared to the industry’s average at six to seven times while its latest NTA (net tangible asset) value is a mere 1.05,” the market observer pointed out.

“All this gives credence that privatisation cannot be ruled out given such move will open up prospect of a better return to the company’s major shareholders”.

Assuming the prospect of privatisation is on the card, the market observer added he will not be surprised if the share price of Serba Dinamik “is able to double up from its current price”.

At 10.53am, Serba Dinamik was unchanged at 38.5 sen with 5.92 million shares traded, thus valuing the company at RM1.44 bil. – Sept 10, 2021

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Argue on argument


madmatts
351 posts
Posted by madmatts > Sep 10, 2021 11:51 AM | Report Abuse

Ha...ha...still argue, now different group of people.

0.26 is a big downfall today

Really a big red day for KLCI

Just hold and watch

Just wait to buy more tomorrow

Posted by solomolo > Sep 9, 2021 4:18 PM | Report Abuse

don't sell..just wait tomorrow maybe the price will up a little bid...then can sell..if market continue down

The price is going down now, yes.

And now depend to our own plan and decision.

To cut loss or to wait and hold.

Profit and loss are normal in this tradings.

Hahaha. Really desperate action.

No need until to that extend.

Posted by suprnoob > Sep 9, 2021 12:41 PM | Report Abuse

jual kucing jiran buy more sd...

Dont think they will bankcrupt if SIR is good to SD

Posted by i3lurker > Sep 8, 2021 7:20 PM | Report Abuse

The bankruptcy rate from Lady Ramunia is 100%, no one had managed to escape before.

If Serba does not go bankrupt, this will be the first and ONLY time.

Is this true???


Depa Kata Lah

Home
▼
Tuesday, September 7, 2021
Adakkah MSWG, Bursa Malaysia Dan Suruhanjaya Sekuriti Cuba Melindungi KPMG?
Bursa Malaysia boleh sahaja mengeluarkan Kenyataan Media mereka sendiri. Sebaliknya umum berpendapat Kumpulan Pemantau Pemegang Saham Minoriti (MSWG) seolah-olah digunakan untuk menyampaikan hasrat mereka.

Adakah sebarang kemungkinan Ketua Pegawai Eksekutif (CEO) MSWG digunakan untuk melindungi pihak-pihak tertentu? Untuk rekod, CEO MSWG, Devaneson Evanson mempunyai pengalaman selama 18 tahun di Bursa Malaysia dalam pengawalseliaan dan operasi pasaran.

CEO MSWG dipetik Fokus Malaysia, baca di sini, berkata,
Serba Dinamik harus memberikan tarikh yang indikatif mengenai bila laporan Special Investigation Review (SIR) akan tersedia untuk memberi sedikit keselesaan kepada pemegang saham minoriti membuat keputusan jangka panjang.
Kami di Depa Katalah, telah menulis panjang lebar mengenai perkara ini. Baca di sini.

Laporan The Edge, bertarikh 12/07/2021, baca di sini, menulis,
Bursa sebelum ini telah mengarahkan skop penilaian bebas yang telah dipersetujui di antara Jawatankuasa Audit Serba Dinamik Holdings Berhad (Serba Dinamik) dan firma juruaudit, EY Consultancy Sdn Bhd (EY), hendaklah dibentangkan kepada pihak pengawal selia. Serba Dinamik berkata, mereka dalam proses untuk melantik EY, namun masih menunggu maklum balas dari KPMG, termasuk pengesahan bertulis mengenai kerjasama yang akan mereka berikan kepada pihak yang dilantik.
Perubahan itu juga menuntut agar penilai bebas melaporkan terus kepada Bursa Malaysia dan Suruhanjaya Sekuriti (SC) mengenai sebarang kemajuan dan penemuan.

Ironinya, The Edge pula pada 06/09/2021 membuat laporan bertajuk "EY provides biweekly progress updates to independent directors, says Serba Dinamik" atau "EY Akan Menyediakan kemaskini kemajuan secara dua minggu sekali kepada Pengarah Bebas, Serba Dinamik".

Dalam pada itu, Pengarah Bebas dan Pengerusi Jawatankuasa Audit Serba Dinamik, Johan Ishak memberi komitmen kepada Free Malaysia Today (FMT), video di bawah, bahawa tidak akan berkompromi dengan sebarang kesalahan dan salah laku.

Dengan keyakinan dengan mengatakan mereka akan mengambil tindakan sekiranya sebarang salah laku ditemui, Pengarah Bebas ini pastinya amat yakin bahawa tidak ada sebarang salahlaku ditemui oleh pihak Penilai Bebas setakat ini.

Adakah ini sebabnya Bursa Malaysia diam seribu bahasa dan Suruhanjaya Sekuriti takut KPMG akan kalah dalam kes mereka?

We're just asking.
at September 07, 2021
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No comments:

He want to show that SD is really not tolerate with any wrongdoings

Posted by GoodBoy > Sep 8, 2021 3:23 PM | Report Abuse

The chairman of Serba Dinamik’s audit committee says they will take swift action if any wrongdoing is found in the course of the ongoing internal investigation into alleged discrepancies unearthed during its statutory audit ... Is the chairman giving a hint that there is something wrong in their account ? ...

But normally Public Bank call is better than others

Posted by Loh Kok Wai W > Sep 8, 2021 3:53 PM | Report Abuse

When Public Bank call better .......lari cepat....jual

'Excluding' is the word being used.

Not sell. It might be also hold.

Just my little opinion


https://focusmalaysia.my/amresearch-leaves-out-serba-as-the-only-og-stock-with-sell-rating/

Excluding Serba Dinamik Holdings Bhd’s 2Q 2021 results which have yet to be announced, AmResearch said the 1H FY2021 earnings delivery of the eight companies under its universe were mixed with three being above expectations, three within expectations while another two underperformed.

We can see Public Bank really trust SD

Posted by Huatexpert > Sep 7, 2021 2:07 PM | Report Abuse

Most of the Investment banks fund had unloaded Serbak shares except Public Mutual fund still holding 84 mil Serbak shares. this could be the reason Public Bank IB still actively update Serba and gave the highest TP of 0.44.

Still don't know why still got people think it will go down to 0.30.

It won't happen until SIR report come out definitely

HahHa

Dicky oh dicky

With his 30 cents

Posted by DickyMe > Sep 7, 2021 12:40 PM | Report Abuse

30 sen coming soon!

Yet to reach that price today


Posted by williamtkb > Sep 6, 2021 4:21 PM | Report Abuse

today breakout Rm1.40 very good already. If can close Rm1.42. Tomorrow may test Rm1.49

Will you buy if the price go to 0.30?

Posted by DickyMe > Sep 6, 2021 5:34 PM | Report Abuse

30 sen coming soon!

This might be good news for O&G counters

https://www.nst.com.my/business/2021/09/724642/og-services-overlooked-subsector-amid-recovering-crude-oil-prices#.YTVj8EQQTVI.whatsapp

BUSINESS
O&G services: An overlooked subsector amid recovering crude oil prices?
By NST Business
September 6, 2021 @ 8:26am

KUALA LUMPUR: Brent crude, the global benchmark for unrefined petroleum, has risen above the pre-pandemic level of more than US$70/barrel from a low of around US$15/barrel in mid-March 2020.

The Organisation of Petroleum Countries (OPEC) and countries acting in concert, notably Russia-led OPEC+, had done a reasonably disciplined job in controlling production and supply to sustain prices amid increased demand as economies emerge from strict lockdowns, analysts said.


The Malaysian oil and gas (O&G) industry itself has seen notable changes over the past two years.

Crude oil can still dip below US$60 despite rebound: Kenanga Research
CPO price to stay high amid supply tightness, firm demand
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Additionally foreign oil majors and producers such as Shell and Talisman have gradually exited Malaysia, while smaller, independent operators such as Hibiscus Petroleum Bhd and Jadestone Energy Sdn Bhd have acquired both producing and exploration blocks.


In its recent research note, Kenanga Research opined that upstream activity would pick up and eventually normalise back to pre-pandemic levels by 2023.

The firm also thinks that O&G services players would need to "increase competencies to compete overseas, and/or expand their services into other sectors of energy in order to future-proof their portfolio."

However, O&G services players are currently valued at relatively low price-to-earnings ratios (PERs).

Understandably, this is a reflection of the uneven recovery as lockdowns and re-openings alternate in many countries – depending on the severity of Covid-19 cases and vaccination rates – and the uncertainty of air travel, a major demand driver for petroleum products.

Nonetheless, many countries are starting to accept the reality of living with Covid-19 with the realisation that extended lockdowns are unsustainable and intolerable to the economy.

Eventually as pointed out by Kenanga Research, the picture would start to normalise with the O&G services sector ripe for a re-rating.

Stripping its embroilment in the auditing dispute with its former external auditor KPMG PLT which has cast dark clouds at its corporate front, Serba Dinamik Holdings Bhd fits the bill as an all-rounder O&G service provider.

This is evident by the securing of 15 new contracts with 10 operation and maintenance (O&M) projects in Malaysia and Indonesia, and five engineering, procurement, construction and commissioning (EPCC) contracts in Malaysia and Nepal.

The contract awards, according to Public Investment Bank Bhd (PublicInvest) on August 12, is valued at RM386.3 million and would improve Serba Dinamik's earnings visibility to a healthy order book of RM18 billion.

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 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.

Granted, the company is affected by a slew of unfavourable publicity due to the controversy surrounding the company's former auditor.

However, the issues are being resolved with an independent reviewer in place and a new auditor appointed.

While it is understandable that most analysts are still bearish with Serba Dinamik's near-term outlook – hence their "sell" rating – the tide has begun to shift with KAF Research and PublicInvest retaining their "hold/neutral" calls at 38 sen and 44 sen respectively.

At Serba Dinamik's end, obviously a comprehensive – and favourable – resolution to its auditing-related issues will be a re-rating catalyst given the company may outperform its peers within a sector that is already seeing across-the-board undemanding valuations.

At industry-wide level, the long-suffering O&G services subsector, too, is set for a re-rating as capex and activities pick up from 2022 onwards.

The pickings are there for the astute and steadfast investor to profit from the currently under-appreciated situation.


RELATED VIDEO

Cahaya increase 0.07 today.

Really brighter day by day.

Nice

Hahaha. He is everywhere

Posted by Godofgambler > Sep 2, 2021 8:02 PM | Report Abuse

This dickyme also something wrong with brain..
Everyday pasti muflis... Just like parrot..
Pasti muftis all day long. Now I feel myself muflis already...
Thumbs down.

Gloves counter also not so good now

Posted by MamakKutty > Sep 3, 2021 12:56 PM | Report Abuse

No more BIG CAP, Serba no stim already.

Today also low sell despite heavy trades

Posted by InterFund > Sep 3, 2021 11:15 AM | Report Abuse

Short sell yesterday 6,700 unit only............

What if the kitchen was actually clean?

Hihi

Just a thought

Posted by alenac > Sep 2, 2021 8:11 PM | Report Abuse

Mistaken the branch for the tree trunk. Dun blame the inspector of health if the chef's kitchen is dirty.

Posted by Nikmon > Sep 2, 2021 8:05 PM | Report Abuse

The investor should only concern about whether SD is right or wrong, you invest in SD, not KPMG.

Big 4???


nuclearmanbursa

Wednesday, 1 September 2021
KPMG : REPEAT offender!!!
is the third single from the Rifles , which topped the UK indie charts some 16 years ago, making it the British group's biggest hit to-date.

Yes folks we have a REPEAT OFFENDER in our midst.

Nothing unfazes this REPEAT OFFENDER. I must say despite all the negativity about them, they are still sitting on TOP of the WORLD.

PETRONAS, thank you for VIEW ; The MERDEKA ADD , though coming from you, we must take it with a large dose of salt.

If you really mean what you say, why is it KPMG is still your auditor. ?

Let's throw the Government's RM4.5 billion suit against KPMG aside and agree that let justice takes its course.

But my dear Petronas, what about KPMG's silence when the rakyat needed a voice, any voice to stop the repeated RAPE of 1MDB?

It will be after Hollywood produced a movie about it, a book on 1MDB became a global best seller and a change in Government, KPMG, would take the role of GOD and regulator by admitting that it's work with 1MDB cannot be used.

NEVER did KPMG say sorry to 30 million Malaysians for not have the testicle to do the right thing, and for defending 1MDB for so many years.

KPMG AT NO COST CAN BE ALLOWED TO THE AUDIT FLAG BARRIER OF THE RAKYAT'S PRIDE AND JOY .

PETRONAS, do the right thing. Stand with the RAKYAT and show KPMG the exit door .

KPMG's reputation is in tatters world wide . READ :KPMG accused of supplying ‘false and misleading’ data to FRC.

Now don't you pretend that when you wake in the morning
Your lying to yourself it will happen again
Repeated offender you should come with a warning
It's embarrassing for all of your friends

Considering that KPMG had identified some Petronas linked entiry as potential red flags in Serba Dinamik... What is KPMG trying to IMPLY?

And by the way, Securities Commision, are you sure you can trust KPMG ?



Despite all the hundreds of millions of Ringgit being branded by KPMG on Serba Dinamik Bhd, I have NOT READ A SINGLE SENTENCE THAT ACTUAL HARD CASH HAD VANISHED INTO THIN AIR.

Why is that so? So how now you Brown Cow???


NuclearManBursa at 07:39
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Believe me, sure SD (Karim) will come out with something this week.

Posted by tradersampah > Sep 2, 2021 10:48 AM | Report Abuse

brp lama lg daaa nk terbang...kamon pak karim push sikit news baik

Agree

Posted by DickyMe > Sep 1, 2021 8:41 PM | Report Abuse

No deadline and transparency reflects badly on all parties involved.

Unless a gambler, a shrewd investor will avoid controversial stocks like the plague.

Good price increase by Cahaya today

[CMSB]: CAHYA MATA SARAWAK BHD

Last Price Today's Change Day's Range Trading Volume
1.34 +0.08 (6.35%) 1.23 - 1.35 33,893,400

Waiting for any suggestions from Public Bank or any other analysts.

Cashing out some profits maybe

Posted by latuk > Sep 1, 2021 12:42 PM | Report Abuse

Is there heavy selling?

It seems like Insas also very difficult to reach 1.00 again.


Posted by Andre Kua > Aug 30, 2021 9:13 AM | Report Abuse

If you want to buy Insas, then you need to play along with the boss.

Subscribe PRS which gave 4% every year... sell the Warrants around 50c... this is how Insas boss will continue to milk from the slow sale of Inari shares every year

FMT News

We’re building back better than ever, says Serba Dinamik CEO
Imran Ariff -August 30, 2021 8:30 AM
293


He emphasised that the oil and gas services company is focused on putting its audit troubles behind it and focusing on repaying it’s shareholders’ faith.
PETALING JAYA: Oil and gas services company Serba Dinamik is committed to ensuring it finishes 2021 on a high, moving past the audit issues that bogged down the company earlier this year.

With the dispute with former statutory auditor KPMG now before the courts, company CEO Mohd Abdul Karim Abdullah told FMT the company was looking forward and focusing on fulfilling its promise of strong results to its shareholders.


“Alhamdullilah, back to business as normal, and the company should be able to emerge as a better, stronger and more forceful business entity, not only domestically but also internationally,” he said.

The company announced RM286.3 million in new foreign and local contracts earlier this month which include deals with oil and gas company PT Pertamina EP for work in Indonesia and with Gas Malaysia Distribution Sdn Bhd locally.


Karim said these contracts were proof that companies still had faith in their technical expertise and were confident that their recovery was on track, hinting that these contracts were just the beginning.

“We are working diligently, and very aggressively monitoring and discussing some sizeable contacts which we believe we should be able to close before year end,” he said.

In addition, he reiterated Serba Dinamik’s commitment to weather the challenges posed by the Covid-19 pandemic to soon return to the 15% annual growth target the company was able to meet before the crisis, especially given many of the sectors the company operates in were considered essential and were able to continue in spite of restrictions.

He said Serba Dinamik had a sustainable business plan in place and was still honouring orders and looking for creative and innovative ways to continue serving its clients.


“The important thing here is that we are committed to the assurances and promises we have made to our shareholders, which means we will do our level best to ensure that the company is running on a profitability mode,” he said.

Karim said while the company was still pursuing local and international deals and continuing to deliver on agreed upon contracts, some partners pulled back when their alleged audit discrepancies came to light.

“I would not lie to say that everything is still normal, there are banks which pulled the brakes. At the same time, there are some banks who are still continuing their support and, of course, we have partners from other parts of the world who believe in us and are convinced of our integrity and technical capabilities.



“There are some business partners … they were not happy and they have actually stopped the collaborations or business ventures we had agreed on, but we have mitigated that with other options and alternatives, and as a result of that, I would say it is still a situation that is manageable.”

He also said the company’s diversification into other sectors was going smoothly and that it allowed them to offset challenges faced in certain areas of the business.

“The ICT component (information communication and technology) of the group has been progressing very well and as everybody knows, in this Covid-19 pandemic situation, frontier tech has been deployed in a big way… so in that segment, we are growing quite successfully.”

In June, Serba Dinamik initiated legal proceedings against KPMG for alleged negligence and breach of its contractual and statutory duties after the firm flagged a number of discrepancies during its audit, which resulted in the loss of billions of ringgit worth of market capitalisation.

Since then, the company has appointed Ernst & Young to perform a special review of the issues raised by KPMG and also appointed Nexia SSY to replace it, with the aim of returning a sense of normalcy to the company’s operations.

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https://www.freemalaysiatoday.com/category/nation/2021/08/30/were-building-back-better-than-ever-says-serba-dinamik-ceo/

Maybe SD now are more cautious on the report.

Have to make sure the report is good and the dividends is also good.

Suppose to come out by this month

Posted by tradersampah > Aug 30, 2021 12:38 PM | Report Abuse

betui ka QR kena kluar ini hari utk kes serbadk..i though in october

We can expecting some selling activities after this.

Due to the recycle cabinets announcement

The increase of 0.005 is before the announcement.

Let see what will happen after lunch hour

Tik tok

Azmin still handle MITI?

The same result when he was in PH and PN government.

ZERO