Ok i accumulated my target stock SMETRIC (0203) at 0.16,can't say why but it will explode soon.Buy if you want to recover your losses at Serba.Bye Bye!

https://www.mswg.org.my/sites/default/files/Major%20Shareholders%20must%20provide%20fair%20exit%20to%20minorities-3752.pdf

https://www.theedgemarkets.com/article/minorities-advised-accept-um-land-privatisation-offer-rm250-share-0

https://www.theedgemarkets.com/article/syed-mokhtar-and-investors-privatise-umland

"If you can’t take a small loss, sooner or later you will take the mother of all losses.”

"He who despairs of the human condition is a coward, but he who has hope for it is a fool"

"Better a witty fool than a foolish wit."

Surebet $1.20 or $0.20?ke ke ke you better standby change your nickname to Lilibet bc you going to be 'Lili' soon ke ke ke

Anybody still think tmw can limit up?ke ke ke

who the dunggus selling lar hmm hmm hmm

tau foo fah tau foo fah tau foo fah

tau foo fah tau foo fah tau foo fah

tau foo fah tau foo fah tau foo fah

5 minutes to charity run ke ke ke

Those being optimistic have little choice but to be one :)

It wont be a limit down but definitely down :)

more and more bad news,now setting my alert for serba at 0.20 ke ke ke

Dannyarcher you think big company like serba would bother to show those photos to ikan bilis like all those above ke ke ke :)

Analysts to MMC shareholders: Just grab and walk away with the windfall
By Cheah Chor Sooi


SHAREHOLDERS of MMC Corp Bhd should just accept the company’s cash offer which is deemed attractive.

UOB Kay Hian Research reasoned that the RM2/share offer price is a whopping 54% higher than last traded share price of RM1.30/share.

“Importantly, the offer is compelling as it values the company at 10 times EV/EBITDA (enterprise value/earnings before interest, taxes, depreciation, amortisation) and a 33% discount to our revised net asset value (RNAV) of RM3/share,” justified analyst Chong Lee Len in a company update.

“This is significantly more attractive as the market has historically ascribed a 45% holding company discount to MMC.”

UOB Kay Hian Research has last rating on MMC was “hold” with a target price of RM1.20.

At the close of this morning’s trading session, MMC was trade limit up at RM1.69, up 39 sen or 30% with 1.84 million shares traded, thus valuing the company at RM1.84 bil.

Yesterday (June 3), tycoon Tan Sri Syed Mokhtar Albukhary made an offer to take MMC Corp private via a selective capital reduction and repayment (SCR) exercise.

Under the proposed deal by Seaport Terminal (Johor) Sdn Bhd (STJ), minority shareholders in MMC Corp will receive RM2.94 bil in cash or RM2/share.

STJ, the company controlled by Syed Mokhtar, has a majority 51.76% of MMC. The proposed SCR offers a substantial premium to prevailing market price of RM1.30/share.

STJ said the proposed delisting of MMC’s would provide the company “greater flexibility” to manage and develop its existing businesses. The proposed SCR is subject to shareholders’ approval at an EGM to be called later.

Meanwhile, MIDF Research maintained its “buy” call on MMC on the belief that the offer by STJ is appealing.

“The proposed exercise is a great value unlocking mechanism for a counter that is persistently trading at discounted valuation,” opined analyst Ummar Fitri.

“Key risks to our call is (i) rejection of the proposed exercise by the shareholders; (ii) price revision on the offer; and (iii) competing bid for privatisation of MMC.” – June 4, 2021

https://focusmalaysia.my/markets/analysts-to-mmc-shareholders-just-grab-and-walk-away-with-the-windfall/

After thinking very hard its definitely a no go for me on any of the 3 companies,the odds are just too low and too risky.I will be hitting hard on a particular counter where there is a good news from a reliable source and a potential multi bagger possibly like Dataprep i hope ke ke ke.To be revealed next week after i accumulate :)))

Ok i want to ask Serba no.1 fan Mabel meow meow or any other expert next week i want to gamble half my MMC profit on one of this three Karim stock.So personally after looking at all financial aspect i personally think KPower is the best bet and safest,can you tell me why i should take the risk with Serba instead since Serba is the one directly related to this KPMG issue and even before this fiasco Serba price like a sleeping beauty leh,always at $1.60 region.Anyone wondered why this Karim

armada2017 on tuesday the one facing more poverty is you ke ke ke

Just now aso i was thinking whether to enter at $0.77 or not,after turn here turn there on the bed with Princess Leia then i finally bought focussp phew if not my ass burned ke ke ke

Monday 100% will be same with today closing bc Agong birthday ke ke ke

haiya bubur cha cha lor

comparing ambank and serba ke ke ke

wah so many tai lan ngong sell $1.69 ke ke ke

popcorn not yet eat finish lu ady ke ke ke

jeng jeng jeng :)))

Only those ahsoh or makcik never see news one might sell to you $1.69 ke ke ke

greedy44 kanasai you scroll up and see wed night and thurs morning also i keep asking here people to buy MMC bc going to explode but all want to talk serba only celaka ke ke ke

Haiya mon is Agong birthday,must wait until tues to see double limit up ke ke ke Daulat Tuanku

Congrats all MMC shareholders,to da moon ka ching ka ching $$$$

Congrats all MMC shareholders,to da moon ka ching ka ching $$$$

Tmw you need to buy fast not sell fast ha ha,i just eat popcorn and watch movie,not chasing anymore,bought at $1.14 ke ke ke

Tmw no need sell so fast lah,minimum 2 days limit up ke ke ke

Haiya this i3 something wrong post message halfway one,ok i continue-no time to monitor bc tmw i lim teh eat popcorn see my MMC fly,if drop below $0.70 i sapu,if limit up then congrats to those that persevered in this game,ok i going to sleep now princess leia waiting for me ke ke ke

Already set my alert for serba to below $0.70 just in case,no time to monitor bc tmw

Fitch downgrades Serba Dinamik to 'B-', places it on Rating Watch Negative

By Tan Siew Mung | theedgemarkets.com | 2021-06-03 18:07:12
KUALA LUMPUR (June 3): Fitch Ratings has downgraded Serba Dinamik Holdings Bhd's Long-Term Issuer Default Rating to 'B-' from 'BB-', following questions raised over the quality of its earnings by its auditor. The rating agency has also downgraded Serba Dinamik's senior unsecured sukuk due 2022 and 2025 to 'B-' from 'BB-', with a Recovery Rating of 'RR4'.

The ratings have been placed on Rating Watch Negative (RWN), Fitch said in a statement. The downgrade reflects the pressure on Serba Dinamik's liquidity and the elevated refinancing risk from its short-term debt maturities in 2021 and its US$222 million sukuk due May 2022, Fitch said.

“We believe the company's access to debt funding has been compromised after its auditor, KPMG, requested an independent review when a 2020 statutory audit raised multiple questions over the company's operations. The RWN takes into account the plans for the independent review and the uncertainty over the completion of the review, and the limited time to maturity of its bonds. We expect to resolve the RWN following the completion of the review and the company demonstrating it has access to funding to enable it to refinance its upcoming debt maturities,” it said.

While Serba Dinamik has indicated it plans to complete the review within one month, Fitch believes the process is generally complex, necessitating ground checks to ascertain accuracy, which may take longer than anticipated. It also believes the issues raised by KPMG and the review will constrain Serba Dinamik's ability to access capital markets to manage its liabilities.

“We think the company had strong access to multiple forms of capital before the KPMG findings, which, combined with its proactive refinancing strategy, would have enabled it to refinance its short-term debt and undertake liability management. However, the independent review has hurt its ability to address its short-term maturities, resulting in the multiple-notch downgrade,” it said.

Fitch believes Serba Dinamik's top priority under these circumstances will be to ensure the continuity of its operations. “In our opinion, cash will be deployed to ensure that its oil and gas service contracts are carried out smoothly, rather than servicing or redeeming debt. Serba Dinamik has indicated that its banks have not frozen or withdrawn any facilities to date. However, it may face limited access to funds if the independent review reveals any anomalies,” it said.

Fitch also noted that Serba Dinamik's working capital needs surged to RM1 billion in 2020, from the rating agency's earlier projection of about RM420 million, due to a disproportionate increase in inventory. "We estimate that even if Serba Dinamik reins in its dividend distribution, its working capital and capex needs will use up cash of about RM90 million to RM100 million per month. Hence, Serba Dinamik is reliant on increasing working-capital facilities to smoothen operations and bridge the time lag between the rendering of its services and the receipt of cash," it added.

Serba Dinamik shares closed one sen or 1.21% higher at 83.5 sen today, valuing the group at RM3.07 billion. The counter has tumbled 48.14% since the audit issues were made public.

Fitch downgrades Serba Dinamik to 'B-', places it on Rating Watch Negative

By Tan Siew Mung | theedgemarkets.com | 2021-06-03 18:07:12
KUALA LUMPUR (June 3): Fitch Ratings has downgraded Serba Dinamik Holdings Bhd's Long-Term Issuer Default Rating to 'B-' from 'BB-', following questions raised over the quality of its earnings by its auditor. The rating agency has also downgraded Serba Dinamik's senior unsecured sukuk due 2022 and 2025 to 'B-' from 'BB-', with a Recovery Rating of 'RR4'.

The ratings have been placed on Rating Watch Negative (RWN), Fitch said in a statement. The downgrade reflects the pressure on Serba Dinamik's liquidity and the elevated refinancing risk from its short-term debt maturities in 2021 and its US$222 million sukuk due May 2022, Fitch said.

“We believe the company's access to debt funding has been compromised after its auditor, KPMG, requested an independent review when a 2020 statutory audit raised multiple questions over the company's operations. The RWN takes into account the plans for the independent review and the uncertainty over the completion of the review, and the limited time to maturity of its bonds. We expect to resolve the RWN following the completion of the review and the company demonstrating it has access to funding to enable it to refinance its upcoming debt maturities,” it said.

While Serba Dinamik has indicated it plans to complete the review within one month, Fitch believes the process is generally complex, necessitating ground checks to ascertain accuracy, which may take longer than anticipated. It also believes the issues raised by KPMG and the review will constrain Serba Dinamik's ability to access capital markets to manage its liabilities.

“We think the company had strong access to multiple forms of capital before the KPMG findings, which, combined with its proactive refinancing strategy, would have enabled it to refinance its short-term debt and undertake liability management. However, the independent review has hurt its ability to address its short-term maturities, resulting in the multiple-notch downgrade,” it said.

Fitch believes Serba Dinamik's top priority under these circumstances will be to ensure the continuity of its operations. “In our opinion, cash will be deployed to ensure that its oil and gas service contracts are carried out smoothly, rather than servicing or redeeming debt. Serba Dinamik has indicated that its banks have not frozen or withdrawn any facilities to date. However, it may face limited access to funds if the independent review reveals any anomalies,” it said.

Fitch also noted that Serba Dinamik's working capital needs surged to RM1 billion in 2020, from the rating agency's earlier projection of about RM420 million, due to a disproportionate increase in inventory. "We estimate that even if Serba Dinamik reins in its dividend distribution, its working capital and capex needs will use up cash of about RM90 million to RM100 million per month. Hence, Serba Dinamik is reliant on increasing working-capital facilities to smoothen operations and bridge the time lag between the rendering of its services and the receipt of cash," it added.

Serba Dinamik shares closed one sen or 1.21% higher at 83.5 sen today, valuing the group at RM3.07 billion. The counter has tumbled 48.14% since the audit issues were made public.

Tmw lelong lelong ke ke ke

Fitch downgrades Serba Dinamik to 'B-', places it on Rating Watch Negative

By Tan Siew Mung | theedgemarkets.com | 2021-06-03 18:07:12
KUALA LUMPUR (June 3): Fitch Ratings has downgraded Serba Dinamik Holdings Bhd's Long-Term Issuer Default Rating to 'B-' from 'BB-', following questions raised over the quality of its earnings by its auditor. The rating agency has also downgraded Serba Dinamik's senior unsecured sukuk due 2022 and 2025 to 'B-' from 'BB-', with a Recovery Rating of 'RR4'.

The ratings have been placed on Rating Watch Negative (RWN), Fitch said in a statement. The downgrade reflects the pressure on Serba Dinamik's liquidity and the elevated refinancing risk from its short-term debt maturities in 2021 and its US$222 million sukuk due May 2022, Fitch said.

“We believe the company's access to debt funding has been compromised after its auditor, KPMG, requested an independent review when a 2020 statutory audit raised multiple questions over the company's operations. The RWN takes into account the plans for the independent review and the uncertainty over the completion of the review, and the limited time to maturity of its bonds. We expect to resolve the RWN following the completion of the review and the company demonstrating it has access to funding to enable it to refinance its upcoming debt maturities,” it said.

While Serba Dinamik has indicated it plans to complete the review within one month, Fitch believes the process is generally complex, necessitating ground checks to ascertain accuracy, which may take longer than anticipated. It also believes the issues raised by KPMG and the review will constrain Serba Dinamik's ability to access capital markets to manage its liabilities.

“We think the company had strong access to multiple forms of capital before the KPMG findings, which, combined with its proactive refinancing strategy, would have enabled it to refinance its short-term debt and undertake liability management. However, the independent review has hurt its ability to address its short-term maturities, resulting in the multiple-notch downgrade,” it said.

Fitch believes Serba Dinamik's top priority under these circumstances will be to ensure the continuity of its operations. “In our opinion, cash will be deployed to ensure that its oil and gas service contracts are carried out smoothly, rather than servicing or redeeming debt. Serba Dinamik has indicated that its banks have not frozen or withdrawn any facilities to date. However, it may face limited access to funds if the independent review reveals any anomalies,” it said.

Fitch also noted that Serba Dinamik's working capital needs surged to RM1 billion in 2020, from the rating agency's earlier projection of about RM420 million, due to a disproportionate increase in inventory. "We estimate that even if Serba Dinamik reins in its dividend distribution, its working capital and capex needs will use up cash of about RM90 million to RM100 million per month. Hence, Serba Dinamik is reliant on increasing working-capital facilities to smoothen operations and bridge the time lag between the rendering of its services and the receipt of cash," it added.

Serba Dinamik shares closed one sen or 1.21% higher at 83.5 sen today, valuing the group at RM3.07 billion. The counter has tumbled 48.14% since the audit issues were made public.

https://www.theedgemarkets.com/article/fitch-downgrades-serba-dinamik-b-places-it-rating-watch-negative?type=malaysia

https://www.theedgemarkets.com/article/fitch-downgrades-serba-dinamik-b-places-it-rating-watch-negative?type=malaysia

https://www.theedgemarkets.com/article/fitch-downgrades-serba-dinamik-b-places-it-rating-watch-negative?type=malaysia

To da moon MMC,I love you ke ke ke

ka ching kaching kaching $$$$$$

https://www.theedgemarkets.com/article/trading-mmc-shares-suspended-pending-material-announcement?type=malaysia

ha ha sunny leong you need to get some weed ke ke ke

13 lurker your mouth really smelly like petai ke ke ke