Errata :KMPG now engaging in talks with MOF over the penalty in 1MDB

This is something new KMPG removal by GE {US} not forgetting KMPG faced a heavy penalty and not engage in talks with MOF { 1MDB} on their role

This is one of the best bet on for a long term growth investing. A right call at the right time. Just my personal view based on Dnet mulriple approach on their growth projections. Ping petroleum, marine cables mainteance, software programming and silterra mems chip

This is really bad. CCP using GP to invest in its own Mirai Alpha group. Related party transaction this is not going to be the first or the last one. Really dissapointed

Meeting just commenced

Dr hisham is the key guy for approval

Serba is lurking with high beta trader. Placed your bet at 68 sen potentially can run up to 88 { if EY review is in Serba favour} or drop back to 60 sen if no new developments. Remember from $ 1. 61 drop to 56 sen { KMPG vs EY}

Betw EY and KPMG. The bigger question EY is sending the experienced and senior partners to conduct the review { whereas KMPG girls are wet behind their ears} all newbies never expected the fallout and senior partners not alerted

Awang sold his share due to margin calls not market rumours circulating his parting of way with Serba. Please read the full article in the Edge

Yes. Read that news on MOF coming hard on KPMG involvement n IMDB. Deloitte and KMPG are all overseas accounting firm that don't give a damm to our local interest. DELOITTE paid MYR 336 million penalty to MOF. KMPG now in talks with MOF. There's always a reason and motif behind every action. Serba is a successful bumi company, built a presence in middle East hub, Petronas O&G contractor, Sarawak based, locally incorporated in the late 90's, listed in 2017. Confirmation of accounts and outstanding balances are all handled directly and send out directly by KMPG to Serba clients. Error in postal address???

Big risk Big reward not advisable for ordinary people

EGM on 18 June may have a surprise announcement from the Board. Just keep our fingers cross for the good news

Look at Microsoft how it was listed initially and how it grew exponentially. Of course DNex is not microsoft but just a side reference. Microsoft listed in 1986 at the price of $21 per share. Now. Microsoft is trading at $ 254.00 excluding dividends, rights or splits. Everything need to start from somewhere. Warren Buffet says investor needs a really long term view in investing.

UOB kay hian note to clients raised Serba price to 70 sen citing all negative news price in. From pre suspension price of $1. 61 down to 61 sen { within 7-8 trading days} which is massive loss in market capitalisation. Serba acquistion of the Petronas Telok Ramunia shipyard and the EPC deal of $1.8 billion {Block 7} Abu Dhabi UAE is seen positive

Nobody knows their game plan?

can be other way round sell in the moring cover in the afternoon

tenure of KMPG is renewed and extended. KMPG continues and complete their ongoing audit report. Board is agreeable and sign off the papers { only the papers are reveal and what truly transpired between KMPG, Ind directors and Management lead by Karim}

Disposal in the open market. Seller and buyer match. KWAP sells? Who is the buyer { not retail or funds} this is interesting

It's a bumiputra entrepreneurs develop program initiated by the government to encourage Bumiputra participation in the O&G industry. KMPG naive not to fathom and deep understanding of Malaysia business initricaies interwink with political play. Can KMPG itself kick out
the Bumiputra agenda. The bigger question can Bursa handled the fallout

We need to know what really transpired between KPMG and the Serba management. Without prejudice to any parties. The question why KPMG went directly to see the ind directors and not the management is certainly food for thought. In most business conventional practices if the company management notify the retiring auditor that their services are not extended { and to be replaced by another one } most companies would be agreeable and not raise a bubble. Unless KMPG feels they are irreplaceable. Unless it's boils down to personality issue.

The chips shortage is hitting all industries real hard. Apart from cars manufacturers, computer production, smart phones and even dryers and other household kitchen products. Chips the little one components lurk beneath hoods of a numbers of products we never heard of. Demand for chips is to outstrip demand for many years to come.

China companies hit by the sanctions imposed by the US is hording their stockpiles of indemand chips is making others even more tougher to get the supply.

Samsung, LG { Korea} chip shortage is hitting television and appliances production. DELL, Hewlett Packard is facing the same issues. Not forgetting Honda, Toyota, Nissan, Volkswagen even the US automakers are harder hit compared to the others.

DNex acquisition of silltera is really good fortune and right timing. Many chip companies are eyeing a stalk in the Dnex owners. Look at TSMC { world largest contract chip maker } said the chip shortages will persist over the next 3 years.

BP used to be great dividend stock. Paid dividend every qtr after announcement. Except for year 2019 & 2020 when CPO prices hit rock bottom

Brent crude have dipped from their high of usd 69 to 65-66 price per barrel in the last few days

you can lock in the forward sales in March with any buyer at a contracted fixed price { 3 months ahead } to be deliver in eg. April, May & June. The sales are only taken up or recognised in your books after the shipment is delivered. But the price is already contracted or fixed in March. But the export duty levy is based on the actual date of shipment to be deliver in April, May and June respectively. Now lies the danger. In a uptrend market your contracted price in March is lower compared to the average export price in eg. If April, May or June. You will be paying a much higher tax but your sales price is substantially lower. In Indonesia trading are tough. Is a volume game, if your Mill is stand alone without any volume. You are squeeze by the buyer in terms of pricing { lack of tank space} but you ends up paying higher tax on the export but a lower sales price

no Parliament sittings as long covid cases - straight forward answer PN

Hiew kiong peng - agreed with you. average CPO selling price reported is {$3,010 per ton} lower versus market spot prices { qtr on qtr} likely contributed by forward sales position. What is disturbing is the increase in their Indonesia tax levy paid. From 10.29 million jump to 52.6 million. The Indonesia tax levy is hitting hard on the planter's bottom line. All the companies operating in Indonesia have to paid the levy structure based on CPO export price scheme. Higher the price higher and sharper is the tax contribution. indirectly means the Indobesia government grab part of the higher CPO price as tax

Looks like Gpacket in the same sinking boat like Prestariang. Margin calls and forced selling on certain shareholders.

Dissapointed Rsawit not moving despite higher CPO prices for the past 1 year. Prices seem lock in between 26 - 30

Cpo prices { at some point of time will eventually retraced back some of the gains} and reflect the demand and supply of edible oils in the open market vs prices of other competing soft oils. Currently SBO {Rotterdam} is around USD 1,650, Indonesia CPO {FOB} is at USD 1,290 vs Malaysia CPO {FOB} at USD 1,270 per tonne. The price premium between SBO and CPO is big app USD 350-USD 380 per tonne. Whatever the price farmers in the {US mid West} is enjoying the boom in superbull run in commodities { corn, wheat, soya} Palm oil is not a market marker. Palm oil is just positioning itself following the lead in SBO. Mr Market knows best

Fear of a total lockdown and the sharp rise in Covid infections was a damper for the investors. The MCO 3.0 is not the answer to curb the spread of covid infections. What investor fear most is the ineptness, confused and contradicting signals sent out by the Ministers

Lock in to the so called kiple app. Nothing special to attract users. plain simple ordinary app. Now understand kipple means kids play

This counter up 1day next day down

Retailers stuck between 45 - 55 when all the fu _king hype over the so call China JV, Silttera chips factory, hi tech technology park, digital bank licence, e wallet, Singapore business. All talk but none materialised

CPO price already up 40% { $4,500 - 4,750 per ton } SOP still stuck betw $4.15- 4.20 price. In theory SOP should be trading at least above $ 5.00 mark

Shares in circulation would be double up to 2.5 billion excluding the private placements or warrants conversion. Warrant conversion may be fixed at very low entry price. Market price now 32-34 sen, rights at 34 sen, free warrants { eg conversion price fixed at 15 sen} Die lah

DNex all their business segments performing. INDONESIA operations tie up with local telecoms, silltera chip operations tie up with China, Ping petroleum outperforming and thier local own Malaysian operations contract with the Government extended. Good strategy

Without knowing the identity of the parties who subscribe for the warrants and their conversion price at 50sen { we can only assume they are in for a long ride unlike those who assume they are only trade flippers } the funds who undertake the private placements { mind you the amount subscribe are not peanuts} most likely have do their own research and undertake diligent studies on the projects and the payback period. This are venture capitals and shrewd funds manager not your typical neighbour friends who pumps in millions. Just my own view and personal take

This group of armchair analyst's are still sticking to their 2021 pricing forecast of 2,800 per tonne { citing their own reasons.} First 5 months {Year 2021}average traded price have already surpassed their price assumption by 30%-40% depending on what angle you are looking. Jan {$3,748} Feb{$3,895} Mar{$4,041} April {$4,220} May { 4,500 - 4,800} Corn and SBO is on solid uptrend. US Corn per bushel is at 7.00 { Whereas China domestic price is at 10.00} China will continue to up their corn purchases. This is just a clear example where commodities is heading whether it translate into the stock Prices? Is anybody guess

Serba just obtain additional 1.5 billion Islamic financing

Too many related party transaction dampen investor interest. KC and Botak also not seeing eye to eye. Ekovest become the ATm fundings for Botak. Ekovest main interest in construction and toll road is now diluted with the injection of PLS durian farms and the delayed Bandar Malaysia project which Ekovest acquired partially from IWH. From 1.00 +Ekovest keep on trending lower and lower. Minorities need to voice out

Turn around story, disposing non core business, new CEO and board members

Our MOH vaccine rollout way too slow. Look at how Singapore roll out their program. Public medical health centres & hospitals, GP doctors, private clinics, NGO & targeted factories, all have their anti covid shots { plus you can opt for the different vaccines} community hall, shopping centres not forgetting schools, poly etc even foreign workers already administer anti covid vaccine Foc

Pharma { Boustead subsidiary} announcement of bonus issue. Expect both Affin and BPlant higher final dividend payout too

Expect final dividend announcement in early June

Windfall tax on the palm sector is already in existence since the late 80's {not a new tax} it's applicable if the CPO price in Peninsular hits above $2,500 and $3,000 in Sabah & Sarawak. Indonesia imposed a levy system of $55 - 250 { subject to CPO pricing} to subsidise the palm diesel B30 program. It is a fuel subsidy program to reduce Indonesia less dependent O fuel imports { but it also means less CPO is available for the export market. Of late, certain sectors are urging the MOF to impose the windfall tax regime on the glove producers { that's currently in place for the palm producers and IPP power producers} the MPOA {Palm Council association} is now engaging with the government to up the windfall tax ceiling from $2,500 to $3,500 for Peninsular and $3,000 to $4,000 in Sabah & Sarawak respectively. Meaning the tax only applies if CPO touch a higher ceiling price

CPO export tax is only applicable to Producers who ship out { export} their CPO overseas. This tax was originally intented to protect the local refiners. For the record Malaysia export only limited percentage of their domestic production{ CPO} overseas { majority 95% is RBD olein, RBD palm oil and other processed palm oil for the overseas market. Whereas Indonesia is world number 1 exporter and producer of CPO whereas Malaysia is the number one exported of PPO. There is a marker difference between CPO vs RBD olein or processed palm oil. Boustead sells the CPO directly to local refiners. They do not export their CPO directly. FGV, IOI, Sime Darby eg. have the own Tax duty exemptions permits when they ship out their CPO to their own overseas factories.

Strong coming qtr result expected. Average CPO selling price substantially higher { 8 year high}. Imagine if they sell 50% on spot basis. Do your own research and look at their production too
This is not a buy call.
Jan 2021 - $ 3,748
Feb. 3,895
Mar. 4,041
Apr. 4,220
May. 4,700 { physical new high}

Big private placement of 30% {maximum allowed by Bursa revised listing}. Big investor 642 million at 72 sen

Big private placement of 30% at 72 sen {max allowed by Bursa revised listing rules} . Not a small player but a long term investor putting in 642+million into Dnex

Lack of awareness on CPO price vs plantation bottom line {profit contribution} partly contributed to the lethargic retailers level of participation. Remember the CPO price downtrend over the last 3 years another contributing factor. Unlike the glove counters which was heavily promoted { hardly any news coverage by the main stream press or the IBs}