Ok, let's wait and see.


InsiderShark @Prudentinv

Congratulation, you've brainwashed yourself. 9 more days and you will know Nexis will refuses to sign the AR too. Why? Without the SIR, Nexis will not sign knowing KPMG and EY come to the same conclusion.

Prudent analyse event pakai logic not buta buta follow. Ha ha.

Who is kinder, pls judge.


joy est Prudent is imprudent

KPMG has been very kind enough to SD in consultation with them to give them a chance, maybe more than once, to rectify the questionable transactions detected during the course of KPNG statutory audit but SD was lackadaisical and indifferent to deal with them.

KPMG could have qualified the audit report straightaway without consultation with SD but they didn't choose to do so.

Again KPMG only raise red flag. Did they sign any document to confirm?

Sorry it is Serba

I also disagree with your post.

I try to recall the chronological of event happen.
1) KPMG red flag direct to independent director.
2) KPMG try to sack KPMG but independent director disagreed.
3) Serba sue KPMG, then independent director resign to protest.
4) Serba appoint EY consultant s/b base on condition, To me it is very likely this EY is recommended by Bursa.
5) So what is suspicious here some one must ensure this red flag tally. But not signed and is still incomplete audit.
Why got red flag problem need to go direct to independent director? This is not normal as they are Serba auditor for so many years. Highly suspicious of things happening under the curtain of accounting issue.
What were those independent directors up to?

Just sharing. This is food for thought.


InsiderShark @Prudentinv

Unconfirmed red flag causes serba problem now? If 1 audit firm says so, maybe,but both KPMG and EY?

We all know via court filling EY has the same conclusion as KPMG. Stop living in denial. Serba cooked the books and KPMG caught them doing so, then EY confirm it.

I can tell you Nexia will not sign the AR and Nexia will probably confirm EY and KPMG's finding too. Then how?

Anyway your views against few of our views. Time will tell. Good luck.

Epf still hold 5.49 percent, KWAP 5.01 percent, Permodalan Nasional 4.8 percent. State financial serectary 3.74 percent, Lembaga Tabung Haji 1.54 percent. Public mutual 1.08 percent.

Someone said epf sudah lari is not true. They only sold half.

Furthermore, they don't engage Lawyer burok. Top lawyer representing them.

It can be sued either way. Accounting issue that lead to damages.

What cause them do default coupon bond payment? It is due to the party raise unconfirmed red flag.

Exactly, they have to let us know why they signed the previous audited account. Meaning to tell us that previously no issue. The issue only surface this time.

Suspicious, right?


BobAxelrod The duties and responsibilities of the Auditors coming into questioned and blamed?

The hardware store sells axe but not actually commanding you to become Freddy Krugger on Elm's Street,....NO?

The damage done on loss of market capital, reputation, then degrading of rating that lead to suspension of borrowing. That is cause by one thing. Unconfirmed red flag. Accounting issue.

Looks like the hammer not heavy enough for the big nail. Ha.

Sarawak election victory is even better. Some struggle in between.

This make more sense than just accounting issue.



ǷearlꙌhite .
With this move, Serba Dinamik is now officially under the wings of Gabungan Parti Sarawak (GPS). Chairman Kadir is a member of PBB. PBB is a component party of GPS (PBB /GPS is under the leadership of Sarawak Minister Openg).

It is to prevent the take over from 2 parties (aka KL buyers) who are in the federal government, from abusing the Capital Market regulations.

The shareholders will fight tooth and nail to prevent the abuse of regulatory action to force Serba Dinamik to surrender to accept a white knight.

As for minority shareholders, your investments will not be written off under whatever outcome (being taken over or not). Your investments will return to is former value.

No mater what the outcome of 3.5 billion of accounting issue, auditor is held responsible. Big 4 can be international but remember there is scandal on big 4 too. To me the puzzle of the big sum of 3.5 billion just doesn't match. Damage is done.

Epf is still holding share.


superrr As u can see, EPF KWSP were the fastest to leave sd....They are experts and professional

Secondly I am not convince with 3.5bill amount that red flag by Auditor. Can this figure be cook in one to one and a half year? Of course not possible.

Why didn't the auditor pick this up in the previous financial report? If what they claim the figure is true, investor will definitely sue them for negligence.

Cooking book up to billion. How can this be possible.

Banker are full of professional and not easy to cheat. As far as I know they wanted double security. I have experience with them on project so really not easy.


superrr My accountant friends said: many listed companies more or less will do some cooking book. it is very normal , but not like sd was cooking too much.

Maybe true approve loan due to past audit account but major bank need the LOA to confirm. But our project Loan need LOA.

Someone from bank need to verify this.

If you are saying bank base on audited account. Then who did the audited account previously? Should that party be held responsible?





alenac Due diligence is not 100% proven that there is no book cooking. In this case, most banks had relied on the past audited accounts to approve loans, if past audited accounts were cooked then they were relying on false info to approve the loans

Maybe you go and try borrow from the bank if you think is easy. Small amount may be easy, when come to hundreds of millions. Not one person decision. Due diligence must be in place. I am not promoting but there are the thing we need to consider rather than believing just from one source.



superrr Why not easy ? they have been cooking book for many years and got a lot of banks loan...

To cook order book is not as easy as you think. The company borrow money from bank. Bank had to check the aunthecity of the Letter of Award for each project before borrowing. You mean that LOA are fake. Of all the institution, the hardest to cheat is the bank.

Correct me I am wrong. This ordeal of accounting issue and company suing each other is the first in Bursa Market of Malaysia.

Yes correct but later we will know the truth. Final score not out yet mah.

InsiderShark @Prudentinv

Truth doesnt care about your feelings. The numbers shows there is cooking going on.

I also believe institution did their due diligence once the accounting on order book arises few months back. They would have sell all their share already before suspension.

Other people may believe this company is cooking so much order book. Personally I don't believe this news.


RexKing What good news you can expect from a company which cooking the book. Everything is all fake... Just cheating investor money only to running the company.

Landfall victory. 76 seat out of 82 total.

hijau belalang how about the election?

Sorry it is coffin and not confirm

Whether a stock is consider high risk or not is not base on speculation. This result of report is not out yet. Although there are confirm default bond coupon payment, it is not a nail to the confirm. After all the covid bill do some sort of protection at the meantime.

There are a lot of project delay in Malaysia due to covid last year. Government cannot imposed LAD or Terminate them due to this bill. I don't know this bill will extend or not. Shortage of workers, stringent SOP, high inflation price and world wide supply chain shortage had cause the delay and loss. Government may need to relook into this as it affect all projects. There are a lot of bumi contractor affected too.

joyvest No uncertainty

Investing in a high risk stock which no one dares to invest, is an opportunity?

You call the volatility caused by uncertainty is an opportunity?

There is no uncertainty anymore.Cross default is the certainty and thd next certainties are PN17 followed by liquidation process

Previously yes but now Sarawak is the King maker of the government. Can they ignore now with the recent election result?


InsiderShark @shybutter

New to politics? UMNO MCA MIC never fought in Sarawak.... never in the history of Malaysia.

Votality do happen in short term cause by uncertainty or different opinion. Again that is where to find apportunity. Happy investing.

For your info there are people with cancer recover overnight. This is miracle. Sometime miracle do happen.


TryMakeGoodBuy Good.
Now can hold until RIP.
Just like Ms Meow, sleep like RIP.

Doctor confirmed cancer.
10th opinion also confirm cancer.

Put in coffin also still believed not died from cancer.

There are reason why they didn't disclose. They will be held responsible if some findings (later stage) that is different from what had being disclosed.

I just know that court case not over yet. Many thing will unfold. Just be patience.

Insider Shark @Prudentinv

The game not over? They defaulted on their bond, how is the game not over? Can you please explain. It is a cross default, do you know what that means? They have to pay the RM1.4B bond, or is it 1.7? That is crazy alot, and then what about other bonds? No way they can pay all of the other bonds too.

game over already

Then be patience and wait. The game is not over yet.

InsiderShark @Prudentinv
Hold? What to hold? How to hold? Cannot even trade. If can trade, the risk is super high as it will go to 0. They already defaulted on their bond, nothing to say anymore. PN17.

Definitely the person who know the real issue will have the advantage.

After weighing the calculated risk and reward on this counter, my take is to hold on. Reward is much higher at this price now of 35cts.

High gain comes with risk but it is minimize by having first hand info.

As long as report is not out and court case have not end, this counter is still have potential. I have a group of friends holding on.

76 seat out of 82 seats.

Umno is teaming up with GPS. Of course cannot contest.

Sarawak GPS big win.

If company have potential, savior will be there to lay a hand.

Do you notice this election, Sarawak counter no moving. Everyone predicted so no goreng.

Sarawak big win will be good for Scib. Hopefully

Alieyasmart. This don't need miracle. My take base on chronological events.

Excatly. Agreed to this statement from mabel

Investor take a long-term approach to the markets. That's why they can sleep like a baby

Traders involves short-term strategies to maximize returns daily, monthly, or quarterly. That's why they are very uptight, very aggressive and always cry like a baby.

Investors are more likely to ride out short-term losses, while traders will attempt to make transactions that can help them profit quickly from fluctuating markets.

There's no right or wrong approach. It all depends on how deep is your pocket. However, the best players are the one who can master both by riding the wave...

Sarawak election. Hope good outcome.

We all waiting for 95cents but never come lah?