The company announced today that it received a notice on September 4 from Messrs. KPMG PLT on their resignation as auditors of the company on a voluntary basis.

https://www.nst.com.my/business/corporate/2024/09/1103897/short-selling-globetronics-shares-suspended-price-drops-more

Proposed Internal Reorganisation https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=235122&name=EA_DS_ATTACHMENTS

Maybank TP is 1.13 as per 26.07.2023. TP of 0.87 is old MBB report

Maintain BUY
Cypark’s 1QFY22 core net profit came in within expectations where
earnings were at 17%/18% of our/consensus’ full year estimates. This was
also in-line with expectation of earnings improvement in 2H, upon
completion of LSS2, LSS3 and WTE. Nevertheless, we adjust lower our
FY22/23/24E net profit by 23%/10%/10% respectively, as we anticipate
delay in commissioning of WTE to July 2022 (previously April) and after
adjusting for distribution of perpetual sukuk. Our SOP-based TP is
unchanged at MYR1.35.

Maybank report referred to in above Star article dates from 01.04.2022