There are still many naive investors or gamblers who believe that the resignation of auditors (KPMG) is a good sign. It is a bad indicator to foreign fund houses that there is a crisis in Corporate Governance.

KPMG is a reputable firm and has been established since many years from a business combination of 4 different firms. KPMG is believed to have exercised professional judgment and carried out their fiduciary duties diligently and independently in accordance with ISA and MIA By-Laws.

Many people who are not within audit and accounting industries might think that it is easier to appoint another audit firm to carry out the audit and they are wrong.

Number of reasons:-
1) Professional Clearance letter which will be requested by the new auditors and issued by KPMG will give a very detailed and clear reason on why KPMG had tendered resignation although everyone should be aware of the reason of resignation;

2) Changes of Board of Directors especially Independent Directors during a short time period

3) Complexities of accounting issues and audit difficulties which had previously been highlighted by KPMG

4) Background of management if it involved special VIP or PEP.

5) Even if the new auditor accept the appointment, it will take time for the incoming auditor to complete the audit and reporting on timely basis because as the predecessor auditor resigned without issuing audit opinion, there will be an encouraged method to mitigate risk under ISA which is to re-audit the historical financial statements for the past 3 years.

6) Late filing and reporting of financial statements to SC will expose the Company to the risk of being listed to PN17 and subsequently delisted.

Good luck for those who are still holding the shares.

Disclaimer: This is not an advice to buy or to sell or to hold. This is just a sharing of my experience as an auditor for more than 10 years. Buy or Sell at your own risk and discretion.

Police took action already. https://www.kwongwah.com.my/?p=1014203

The above news is a solid evidence.

Hopefully, Q2 result is impressive.

Looking forward to receiving good dividends with good QR. Share price will skyrocket soon in July 2021.

Now, it is a good timing to collect more BAT before the price goes beyond 15.00

Extracted from Announcement dated 24 June 2021:-

KPMG in the Notice stated that the suit filed by the Company on 22 June 2021 against them in regard to the ongoing statutory audit of the Company for the financial period ending 30 June 2021 has compromised their ability to independently continue the audit engagement and discharge their professional duties as auditor of the Company.

我猜想等下会有缺乏专业审计知识和法则的人会说KPMG畏罪辞职。

KPMG 辞职是正确的，是跟着ISA & MIA By-Laws。

What is Auditor Independence?
Auditors are expected to provide an unbiased and professional opinion on the work that they audit. An auditor who lacks independence virtually renders their accompanying auditor report useless to those who rely on them.

One of the threats to Auditors' Independence in Serba case is Intimidation Threat. Resignation is the best resort for KPMG based on my understanding of ISA and MIA By-Laws with my many years of auditing experience.

An intimidation threat exists if the auditor is intimidated by management or its directors to the point that they are deterred from acting objectively.

Example
XXX Company is unhappy with the conclusion of the audit report and procedures with findings highlighted by the auditors and threatens to sue auditors

Issue
The auditor’s independence may be compromised, as XXX might be suing auditors and auditors might no be able to carry out their fiduciary duties diligently and independently.

那些继续怂恿散户捞底的真的居心不良。世霸要控告历史悠久的四大会计楼之一，KPMG 是天大的笑话。审计师只要根足审计法则 ISA 来审核公司账目是否有根足 MFRS, 加上跟着Capital Markets and Services Act 就可以了。记得啊，审计师的责任就是给audit opinion based on Reasonable Assurance and not absolute assurance.

Under Section 320 of the Act, auditors are required to report to the Securities Commission Malaysia (SC) and the exchange any cases that adversely affect to a material extent the financial position of the public listed company (PLC), or any breach of securities laws and rules of the exchange.

And if they do so, they will enjoy legal protection in their employment and also be protected from being sued by the PLC.

Management is believed to have contravened few listing acts; one of them particularly states that auditor shall report the audit matters to audit committee only instead of to the management. Management clearly contravened this part by condemning auditor for not reporting to the management and alleged the auditor for breach in duty.

控告能成功吗？天大的笑话！

还有人继续怂恿散户继续买进或捞底。这个大的Corporate Governance Issue 这个是个高风险的投资！ I really do not understand why there are people who keep asking retail investors to buy when the risk of investing in Serba Dinamik is very HIGH. Just admit the mistake in this investment and look for potential and good counters only to make money. 马来西亚股市还有很多，五星级，低估，基本面良好的优质二线股，大家怎么视而不见呢？ 且不管调查结果如何，世霸闹出那么大的风波，是个big matter in corporate governance! 这样的公司和其他两家的关联公司，我都不会投资。 有 太多的优质二线股票，但是很多人都看不上眼，因为很多是冷门股票。人多的地方，不要去！这几天闹出很多审计师，笑死人。 看了很多留言，就知道谁人是真的审计师！ISA 505, ISA 200, ISA240 还有KPMG 的目前给出的回复，其实是专业且符合 ISA 的条件！如果审计师那么多，四大的审计员和团体不用做到那么狗了。ISA600 赋予审计师更大的权力，很好玩，可以审核component auditor 的项目和审计工作报告，即使是远方！ 还有人质疑 KPMG的专业，因为他们不了解审计！There are many other good stocks. For those losers, take this as a good lesson! For those winners, do not take the pride because of earning from Serbak. You are just lucky. From a professional point of view, the recent Dispute between Serba Dynamik and External Auditor raises serious governance concerns!

A lot of naive retail investors are stubborn! They think they can collect more and more cheap ticket and hope for rebound. They are out of mind already because they are not investing anymore. They are betting and they are gambling using their Money! There are some so called market experts or "课程老“ still asking their followers to stay calm and to hold which is totally a risk taking action. No matter how good or bad the conclusion after the independent review, Serba Dinamik is not a good investment choice because of the risk and because the dispute between external auditor and the top management is not a small matter! Corporate Governance matter that will cause a lot of foreign funds or investors to get rid of!. Good luck to all naive investors! Good lesson for all naive investors!

The price will plummet to give all naive investors a good lesson and a precious lesson.

Those who supported the group admin to kick me out from Rainmaker Facebook Group in last December 2020 when I gave warning about Serba Dinamik deserve this painful lesson!

@wkc5657

Agreed!

We just look forward to seeing exponential growth and development of BAT

PLUS witnessing the skyrocketing of BAT share price very very soon!

@Lanmum @Pinky

Welcome on board

@Lanmum
@Pinky

I will just wait patiently. I bought some BAT shares on Tuesday at RM14.32. You had just acquired right.

Although the price of RM14 above but below RM15 is not the best entry price, I am willing to park some of my $$$ here to earn Dividends and to wait for opportunities.

Top Management of BAT will not do nothing and I believe RM14 should be fair enough for a good start. I am planning to hold BAT and I believe BAT will become a multibagger soon, i.e. RM30.

******************Extracted from eNanYang*****************************************************************

（吉隆坡10日讯）一名金融与经济分析员认为，烟酒和赌博是国家经济的关键贡献领域，因此政府应确保这些行业不会因疫情而严重受挫。

分析员说，这些行业为国家创造许多就业机会，总共有数十万名国人直接和间接就业，也对经济产生积极的乘数效应，还有外来直接投资 （FDI）。

分析员邦嘉古马是针对我国于本月1日实施全面封锁行动管控令（FMCO）的问题，发表文告表达观点。

他说，FMCO实施以来，必需品或非必需品之说引起的混淆与不确定性，及模糊的SOP对商业不是好事。再说，上述3领域因为政治化及不实际的辞藻，常在这类模糊的政策下首当其冲。

他认为，主要是向这些“罪恶行业”寂施的国产税，是政府重要的收入来源。

“例如在2020年，政府征收近100亿令吉的税务，占2020年征收的419亿令吉间接税务的约23.5%。”

“我不是在谈论要给予这些行业援助或特殊融资，而是确保这些行业能继续以纳税的形式，为政府提供直接和间接的收入。

“这些行业需要复苏并继续为我们的国库做出重大贡献，是明确而实在的政策，以减少运营中断。财政稳定对这些行业非常重要及毋庸置疑，若现阶段提高酒、烟和赌博的国产税，等于杀死会下金蛋的鹅。”

立法打击非法烟草

他建议政府通过大胆的2021年预算案执行控制措施及加强执法，以解决非法烟草问题，并制定可以有效打击非法烟草的法律。

他说，走私烟酒继续影响合法的厂商的业绩，而非法互联网赌博则祸害有执照的经营者。

****************************************************************************************************************

After the FMCO and this pandemic, I believe that Government will do something to safeguard the interest of business related to Cigarette and Liquor.

Look! Almost one quarter of Tax was derived from the total tax collected in year 2020.

Do you think government will allow BAT (cash cow) to suffer?

I am very very positive and I believe some positive movements will be implemented by the Government soon.

BAT - Stable Blue Chips + Sustainable and High Dividends + Potential Growth and Development which will then drive exponential spike in share price very soon (in my humble opinion 1-3 years)

@pang72,

Part of my principles, bankers who made sell or buy call would normally make call in favour of their own interests because I believe in share market there is no free lunch. In other words, HL IB would like to collect cheap tickets. My two cents.

I ignore the Sell Call of TP RM11.75 set by HL Investment Bank.

This is part of my principles and I will continue to hold tightly BAT at this juncture.

However, I do respect your stand. You can use HL Investment Bank's advice as the basis of your decision in investment.

Good luck.

@fengpinglangjin

Thank you for your sharing.

I am positive towards the future development and growth of BAT. Top management will do something to drive result for the next few quarters.

@Pinky,

I am parking my money in BAT in view of the future plan of BAT to expand into E-Cigarette upon granting of licence to operate E-Cigarette business after the resumption of Parliament.

There is a solid potential fundamental in near future because it is the trend for E-Cigarette now.

Look at RLX Technology listed in Nasdaq.

@Lanmum @Collie @Pinky @LossAversion @Chong Kong Hui @ks Shien

How are you my friends in Tguan? Hope that everyone is doing well.

I have aimed another counter instead of MBSB.

Finally, I have decided to join BAT this big family after studying since Jan 2021. Yesterday, I bought some at the entry price of RM14.32.

I trust the top management from BAT.

EPS - 2018 (164.20 cents), 2019 (121.00 cents), 2020 (84.70 cents)

FCF per Share - 2018 (161.77 cents), 2019 (108.57 cents), 2020 (62.09 cents)

I am not too worried about the decreasing EPS and FCF because the above result has not taken E-Cigarette sales in future into consideration.

With the Company's plan to cut cost (plan to move some services to Pakistan for Shared Services) and business expansion, I have no worry about this counter.

For Thong Guan, I am definitely positive towards its development especially the top management and their strategy in combating all kinds of obstacles and challenges during this Pandemic.

I wish all in Tguan will HUAT CHAI. Remember, do not Chase High.

Disclaimer: This is only a sharing of my idea. Not an advice to you to decide BUY or SELL. Remember, Buy or Sell at your own discretion and own risk!

I foresee BAT to become a multibagger soon. I believe in 2 years time, BAT could go up RM30

I am very positive and will hold tightly.

开番，指日可待。

Finally, I have decided to join BAT this big family after studying since Jan 2021. Yesterday, I bought some at the entry price of RM14.32.

I trust the top management from BAT.

EPS - 2018 (164.20 cents), 2019 (121.00 cents), 2020 (84.70 cents)

FCF per Share - 2018 (161.77 cents), 2019 (108.57 cents), 2020 (62.09 cents)

I am not too worried about the decreasing EPS and FCF because the above result has not taken E-Cigarette sales in future into consideration.

With the Company's plan to cut cost (plan to move some services to Pakistan for Shared Services) and business expansion, I have no worry about this counter.

Happy to join this big family with everyone here.

PATIENCE is the key. Let's wait for better price and opportunity! Let's learn from Charlie Munger

“The world is full of foolish gamblers and they will not do as well as the patient investors.” Charlie Munger

"I think the record shows the advantage of a peculiar mind-set - not seeking action for its own sake, but instead combining extreme patience with extreme decisiveness." Charlie Munger

"The big money is not in the buying and selling … but in the waiting.” Charlie Munger

“The world is full of foolish gamblers and they will not do as well as the patient investors.” Charlie Munger

"I think the record shows the advantage of a peculiar mind-set - not seeking action for its own sake, but instead combining extreme patience with extreme decisiveness." Charlie Munger

"The big money is not in the buying and selling … but in the waiting.” Charlie Munger

Hi all, I gonna be away for many days already because need to meet tight reporting deadlines.

FYI, I am a full time auditors and freelance consultant. Busy day and night. Hahaha

Even today I am working still from home...

Take good care..... I will be back after rushing and finishing all my works.

PATIENCE is the KEY.

Hi all, I gonna be away for many days already because need to meet tight reporting deadlines.

FYI, I am a full time auditors and freelance consultant. Busy day and night. Hahaha

Even today I am working still from home...

Take good care..... I will be back after rushing and finishing all my works.

@daveji

Sent to your i3 messenger......

@oppstar,

Please check your i3 messenger. Sent there already

@chengcheekaan,

TQVM for your insightful thoughts from you blog.

EK

To be honest, I have not done any homework on OCK

Haha I will see if I could try to study

Now rushing reporting deadline working from home. Still have lot of audited reports to rush even though there is an extension of filing time set by SSM but I am still waiting for news about LHDN Extension

If anyone knows, please let me know

What I mean is other good counter

We need to wait already

Lot of good shares are overvalued or too higher price, good share such as Tongher is overvalued d

So I will wait and wait 耐心战

@Lanmum

Thank you very much for your understanding and support

So at this juncture, we need to observe and wait because of uncertainty due to Covid 19, total lockdown and government policy

I hope that everyone is happy and satisfied with Tguan performance. Remember my advice is collect on dip and do not chase higher price

@E K

At this juncture, I am observing and waiting for other good counter.

For the benefit of myself and my group of comrades,

I could only tell you to focus more on Consumers Good Industries and for Bank, I shall wait and see because of many uncertainties due to government policy and covid

No worry all. We all need to wait for next counter patiently because there are a lot of choices after the total lockdown.

Be patient.

Due to the above reason, I have been misunderstood in MBSB KLSE i3 forum

You people guessed who is there to create and trigger problem.

The Gardener or Pekebun went there to comment and talk badly about me.

Then, I asked everyone to come here and read all Pekebun comment

I had already shared to some of you my analysis and hopefully my message could be conveyed to you effectively to avoid future misunderstanding

Please let me know if you would like to have my excel spreadsheet which i could share via i3 messenger.

Please let me know if you would like to have my excel spreadsheet which i could share via i3 messenger.

Initially, my gang and I planned to go for concentrated investment into MBSB due to the reason below. Very unfortunate matter was that the Syndicates did not press the price of Mother Shares to RM0.55 to ensure 100% losses incurred by Call Warrant Holder this round as compared to last round on 29 Jan 2021. Probably, the Syndicates purposely did not want to press down further because they knew my gang and I were waiting to collect the cheapest MBSB mother share on one (1) trading day before and after 25 May 2021. So next time, my gang and I will be silent and waiting for other better counters since Syndicates already identified my existence.

There is always a reason on why I keep waiting for MBSB to plummet to RM0.55 and below. I was using (1) Call Warrant Exercise Price; (2) Intrinsic Value and Price for Margin of Safety; and (3) Historical performances of MBSB from year 2014 to year 2020 from FCF per share, Net Cash per share and Net Income.

Historical event where my basis of assumption was CORRECT:-
MBSB C31; Expiry date on 29 Jan 2021; Issuer is CIMB; Exercise Price RM0.60; Exercise Ratio 1:1
Formula to calculate the arbitrage gain or price gap for the conversion of call warrant to mother shares:-
= (Price at Expiry Date - Exercise Price) / Exercise Ratio LESS Average Cost of Call Warrant
= (o.595 – 0.600)/1 LESS 0.040
= Maximum loss of 0.040 per call warrant

My Experience:-

My experience when I was working as a consultant to Syndicates and Fund Managers from BVI and Cayman Island told me that there is always a tendency that Syndicates (I could not mention the name or else I will be sued) will purposely throw the mother shares so that the mother share price will plummet. Then, warant holder who aims to convert the call warrant to mother share before the expiry will not be able to make profit from the price gap or what it is normally known as an "arbitrage". The issuer will be the big beneficiary if the price of mother share plummets. I had attempted some counters using this way so I always use the same way whenever I wanted to purchase mother share of MBSB. My recent experience was when I bought MBSB at end of January 2021, i.e. 1 day before and 1 day after 29 January 2021 so as to maximise my return on investment later when I could actually buy MBSB at the lowest point possible using the expiry date of Call Warrant as a benchmark. I experienced this good entry point in Jan 2021 and as such, during 1 week before and after 25 May 2021, I tried to ask everyone to wait for the price of MBSB to drop to RM0.55 assuming that the Syndicates would again press the mother share price to RM0.55.

Experience for MBSB C-32:-

MBSB C32; Expiry date on 25 May 2021; Issuer is AMBANK; Exercise Price RM0.55; Exercise Ratio 2:1

For this round, the Syndicate did not press down aggressively the price of the mother share to RM0.55 which was the exercise price. As such, warrant holder only lost a bit.

Possible hint: Look at the issuer.
I could not tell who the syndicates are and you people is smart to relate the parties such as WA Holder, Syndicates and Issuer of WA.
What is the fact about Ambank? Ambank incurred lot of costs and compensation due to 1MDB case.
Hint for next game by relating your investment decision to MBSB C-34:-

Please refer to my excel spread sheet.I will provide upon request.

Another reason on why I think the current price of MBSB is still expensive to me:-

Intrinsic Value as of early of April 2021 = RM0.72

Price for Margin of Safety (PMOS) = RM0.54 (still my desired price was RM0.55, please refer to my conversation between myself and icepumpkin and yippy68 from my excel spread sheet which I will provide upon request)

Net Cash per share (in cent) from year 2014 (-51.19), 2015 (-65.16), 2016 (46.45), 2017 (-51.85), 2018 (-172.87), 2019 (-229.93) and 2020 (-202)

Free Cash flow per share (in cent) from year 2014 (12.85), 2015 (13.51), 2016 (13.71), 2017 (14.80), 2018 (6.30), 2019 (11.84), 2020 (-20.96)

Net Income from year 2014 (1,015 mio), 2015 (258 mio), 2016 (201 mio), 2017 (417 mio), 2018 (642 mio), 2019 (717 mio) and 2020 (270 mio).

For those who would like to request for my excel spread sheet, please let me know. I send to you via KLSE i3 messenger upon request.

Thank you. My intention is to enable everyone to maximise the return by waiting for the lowest possible price which is the PMOS, a concept founded by Benjamin Graham.

Well, perhaps, my basis of assumption did not work successfully for this MBSB C-32, My intention is to maximise return and at the same time follow Value Investment and Fundamental Analysis.

Disclaimer: This is only a sharing of my idea and basis of assumption. Not an advice to you to decide BUY or SELL. Remember, Buy or Sell at your own discretion and own risk!

Initially, my gang and I planned to go for concentrated investment into MBSB due to the reason below. Very unfortunate matter was that the Syndicates did not press the price of Mother Shares to RM0.55 to ensure 100% losses incurred by Call Warrant Holder this round as compared to last round on 29 Jan 2021. Probably, the Syndicates purposely did not want to press down further because they knew my gang and I were waiting to collect the cheapest MBSB mother share on one (1) trading day before and after 25 May 2021. So next time, my gang and I will be silent and waiting for other better counters since Syndicates already identified my existence.

There is always a reason on why I keep waiting for MBSB to plummet to RM0.55 and below. I was using (1) Call Warrant Exercise Price; (2) Intrinsic Value and Price for Margin of Safety; and (3) Historical performances of MBSB from year 2014 to year 2020 from FCF per share, Net Cash per share and Net Income.

Historical event where my basis of assumption was CORRECT:-
MBSB C31; Expiry date on 29 Jan 2021; Issuer is CIMB; Exercise Price RM0.60; Exercise Ratio 1:1
Formula to calculate the arbitrage gain or price gap for the conversion of call warrant to mother shares:-
= (Price at Expiry Date - Exercise Price) / Exercise Ratio LESS Average Cost of Call Warrant
= (o.595 – 0.600)/1 LESS 0.040
= Maximum loss of 0.040 per call warrant

My Experience:-

My experience when I was working as a consultant to Syndicates and Fund Managers from BVI and Cayman Island told me that there is always a tendency that Syndicates (I could not mention the name or else I will be sued) will purposely throw the mother shares so that the mother share price will plummet. Then, warant holder who aims to convert the call warrant to mother share before the expiry will not be able to make profit from the price gap or what it is normally known as an "arbitrage". The issuer will be the big beneficiary if the price of mother share plummets. I had attempted some counters using this way so I always use the same way whenever I wanted to purchase mother share of MBSB. My recent experience was when I bought MBSB at end of January 2021, i.e. 1 day before and 1 day after 29 January 2021 so as to maximise my return on investment later when I could actually buy MBSB at the lowest point possible using the expiry date of Call Warrant as a benchmark. I experienced this good entry point in Jan 2021 and as such, during 1 week before and after 25 May 2021, I tried to ask everyone to wait for the price of MBSB to drop to RM0.55 assuming that the Syndicates would again press the mother share price to RM0.55.

Experience for MBSB C-32:-

MBSB C32; Expiry date on 25 May 2021; Issuer is AMBANK; Exercise Price RM0.55; Exercise Ratio 2:1

For this round, the Syndicate did not press down aggressively the price of the mother share to RM0.55 which was the exercise price. As such, warrant holder only lost a bit.

Possible hint: Look at the issuer.
I could not tell who the syndicates are and you people is smart to relate the parties such as WA Holder, Syndicates and Issuer of WA.
What is the fact about Ambank? Ambank incurred lot of costs and compensation due to 1MDB case.
Hint for next game by relating your investment decision to MBSB C-34:-

Please refer to my excel spread sheet.I will provide upon request.

Another reason on why I think the current price of MBSB is still expensive to me:-

Intrinsic Value as of early of April 2021 = RM0.72

Price for Margin of Safety (PMOS) = RM0.54 (still my desired price was RM0.55, please refer to my conversation between myself and icepumpkin and yippy68 from my excel spread sheet which I will provide upon request)

Net Cash per share (in cent) from year 2014 (-51.19), 2015 (-65.16), 2016 (46.45), 2017 (-51.85), 2018 (-172.87), 2019 (-229.93) and 2020 (-202)

Free Cash flow per share (in cent) from year 2014 (12.85), 2015 (13.51), 2016 (13.71), 2017 (14.80), 2018 (6.30), 2019 (11.84), 2020 (-20.96)

Net Income from year 2014 (1,015 mio), 2015 (258 mio), 2016 (201 mio), 2017 (417 mio), 2018 (642 mio), 2019 (717 mio) and 2020 (270 mio).

For those who would like to request for my excel spread sheet, please let me know. I send to you via KLSE i3 messenger upon request.

Thank you. My intention is to enable everyone to maximise the return by waiting for the lowest possible price which is the PMOS, a concept founded by Benjamin Graham.

Well, perhaps, my basis of assumption did not work successfully for this MBSB C-32, My intention is to maximise return and at the same time follow Value Investment and Fundamental Analysis.

Disclaimer: This is only a sharing of my idea and basis of assumption. Not an advice to you to decide BUY or SELL. Remember, Buy or Sell at your own discretion and own risk!

Dear all, please be patient. I am compiling my information to share to all of you my basis of assumption made in the past especially one trading day before and after 25 May 2021.

Dear all, please be patient. I am compiling my information to share to all of you my basis of assumption made in the past especially one trading day before and after 25 May 2021.

The Gardener

好心你啦。真的什么都能断章取义。我说二月开始重仓和关注Tguan 跟我说我开始在二月尾，三月头慢慢累计这个Tguan 是没有冲突的。别玩字眼游戏。你就是这个款，所以才会在tguany给其他valued investor 投诉你。

For those who wanna know the whole story about the personality of The Gardener, please go and read the whole story in Tguan klse i3 from end of Feb 2021. Do not be fooled by this joker.

@TheGardener, or you are famous with the nickname Pekebun as per Pinky in Tguan forum.

Wow you changed counter over here after being complained and disliked by valued investors in Tguan.

Everyone who wanna know the feedback from Tguan counter about this Gardener, please go and read all the forum there from early of March.. You may ask ppl there like Pinky, KS Shien, LossAversion, more other

园丁制造恐慌在Tguan不成，反而来这里惹事了哦。。很好继续演

大家若要知道The Gardener 的为人，请到Tguan i3 看完从3月尾到五月，他的留言，还有几乎全部人对他的看法。


About my view in MBSB, my main objective is to help all retail investors to buy at the lowest possible price based on historical basis. Which I will share to all of you my analysis end of this Friday

至于，我对MBSB 的看法，旨在让大家能够在5月25日捞底，怎知失策。我的看法是有一个基础的，而且历史上发生过的。我这个星期五晚上也就是答应的6月4日会揭晓答案。

I am not here to make enemy. My analysis is that the syndicates will press down the price to 0.55 unfortunately the syndicates did not take aggressive action one trading day before and after 25 May 2021. As such the lowest price was only around 0.595. Perhaps，the syndicates had already sensed my tactic as I might be too high profile. I apologised for all complication.

我不是要来树敌的，我的出发点是为了让大鳄压价，然后大家低价收购，利益最大化。可惜天意难违，大鳄不买单，算我失策，我在这里道歉。或许我打草惊蛇了，所以大鳄不上钩。

@loy loy Cheong, I wish to apologise for being too harsh and for bringing any unpleasant experience to you. Just to inform you that, there is a proven basis or evidence to prove my stand which I will be sharing only end of this Friday, 4 June 2021. Hopefully, everyone can learn together and I look forward to hearing any constrictive feedback.

@loy loy Cheong, 我在这里也向你道歉，可能之前我的语气过于激动和高傲。但是我的看法是有一个基础的，我拜五晚上会分享我的分析和看法。也希望大家一起指教。

马来西亚股市还有很多，五星级，低估，基本面良好的优质二线股，大家怎么视而不见呢？ 且不管调查结果如何，世霸闹出那么大的风波，是个big matter in corporate governance! 这样的公司和其他两家的关联公司，我都不会投资。 有 太多的优质二线股票，但是很多人都看不上眼，因为很多是冷门股票。人多的地方，不要去！这几天闹出很多审计师，笑死人。 看了很多留言，就知道谁人是真的审计师！ISA 505, ISA 200, ISA240 还有KPMG 的目前给出的回复，其实是专业且符合 ISA 的条件！如果审计师那么多，四大的审计员和团体不用做到那么狗了。ISA600 赋予审计师更大的权力，很好玩，可以审核component auditor 的项目和审计工作报告，即使是远方！ There are many other good stocks. For those losers, take this as a good lesson! For those winners, do not take the pride because of earning from Serbak. You are just lucky. From a professional point of view, the recent Dispute between Serba Dynamik and External Auditor raises serious governance concerns!

DISCLAIMER: Only sharing of my view and this shall not be deemed as an advice for buy or sell. Buy or Sell at your own risk and discretion!

YOLO 等到时候我会把我的分析表spread sheet 全部分享给你。。。send 去你的i3 messenger 吗？

记得我不是来结怨，也不是来树敌。我还是希望大家能够更低价格买入。。

我之前说的低价的benchmark or basis 我可以分享在这里

不过必须等6月4日。。希望你的投资赚多多啊

请看清楚

Total lockdown 是龙卷风

我说的东风是有分析的。。东风是另外一个factor

我下个拜五会给你分析。。虽然只是借到东风一半，但是我还是很愿意分享，可能我的分析有疏漏之处，请到时候多多指教。

我不是来这里结怨，也不是树敌的。

我只是来分享大鳄, 商机，还有一些市场的瑕疵给我带出我所谓的东风，你耐心一点等待，我答应了我的恩师只能在6月4日，分享那个东风，请等待，好吗？

我的分析是有历史依据的。。请等待

大家可以继续觉得我是大炮王。我真的不介意。因为做人必须海纳百川，不然做不了大事。

我的分析报告on 东风会给大家。希望大家安康。大家一起安全在家吧。有子弹的继续等捞底吧。经济效应很快会来了。一年时间应该快了

Total Lockdown phase 1 from 1 June till 14 June 2021.Tornado is coming and expected as per a researcher who always follows and respects the Chinese Professor 钟南山。

星期二，东风借不到100%。但是龙卷风真的来了，小弟的一个崇拜中国专家钟南山的中国朋友，给我分析和预算疫情会严重，叫我等到6月4日，叫我等天时，地利，果然等到了。

记得啊，我说龙卷风的时候是非常非常早的时候，也就是上个星期的事情了，不是马后炮，自己去读读。

我下个拜五会公开我所说的东风借不到100%.

绝对没有马后炮。我分析的东风是根据历史上的确发生的数据作为依据。一切等我6月4日的全面答案。

这也是为什么我早早一直说我会在6月4日揭晓我的分析。我的analysis 可以通过klse i3 messenger 分享给大家。

也许我借不到100%东风，但是你看了我的分析报告，你就明白我的苦心。不是要跟大家为敌，只是要帮助大家捞底，利益最大化。希望大家可以赚最大。我在ThongGuan 也是帮了不少人，这就是我出现的宗旨。大家等我6月4号晚上的分析吧。

By the way, where is Pekebun already? Our good friends

@Pinky

wow you in out in out, you let Brokerage Agent earned a lot....lolx

If you acquired at lower price, do not worry much. Holding for LT can earn a lot.

If you are a short term trader, I already mentioned earlier last week, you need to make own judgment call.

No need worry much on the fluctuation in share price.

Brother and sister

Good good....

Glad and happy to see everyone is earning by not chasing high....

我都快气死了。还是Thong Guan 这里最温暖

别的股票 forum 笑死人，冤枉我，去害人，，。。。。天啊

Yolo1111,

Do not simply pinpoint me to Serbak Dynamik,

I will never buy Serbak Dynamik because of Karim. I do not trust Karim.

Plus Serbak Dynamik Cash Flow is Poor. I will never touch Karim Counter at all.

真的是什么都能说的。 冤枉咯！！！

我丛二月尾到现在都是重仓和注重 Thong Guan

Please go there and ask around bah...Those ppl follow my advice earn very very much.

My main point is to Maximise Profit.

4号，我肯定拿出我的看法的基础。别担心。

Just be careful everyone.

Do not chase higher price. .....My advice...

I wish to bring everyone to MAKE MONEY..so I hope no one is making loss because of being too greedy by chasing higher price.....

暂时闭关两个礼拜

I will be very busy for my corporate reporting and corporate exercises for the next 2 weeks..

@ Yippy68

Hope the above clarifies....

You may use different technique like

Collect gradually on DIP...

This is my ideas to you without breaking my promises to my group

@Yippy68

I could not tell you how low because it will spoil my plan and I need to take care of my group of comrades....

I would only say

The price of RM0.595 is still very expensive....Even RM0.585 also I will not have any interest at all...

It might drop all the way further down.....I cannot tell you the exact price as mentioned above....

I would say you ppl to observe for the next few days or next few weeks....

I can share to you my analysis which I made on today only somewhere in June 2021 to prove that I am not talking big .....

@Jjkcl

Correct. Let them determine what they think is LOW. No right or wrong answer.

To me, MBSB price at RM0.595 is too expensive in view of the slightly bad performance because of Covid-19 and economic downturn.

Let's see if my hypothesis is correct again.

MBSB price will still decrease but to what extent, I do not want to tell right now in the public. Hahahaha, I do tell some of my loyal followers privately.

Can show you ppl soon after I have collected enough on the "DAY" and "PRICE" set based on my experience in analysing Financial and Non-Financial Factors.

In June 2021, I can privately share you via KLSE i3 messenger, a printscreen of my analysis made and shared to my comrades which show the date and time to ensure that I am not talking big and to ensure that I am not talking only after the event..I could foresee the near future

不是事后诸葛亮，不是车大炮的。

Stay tuned...

I still love to sing LONDON BRIDGE IS FALLING DOWN...for MBSB.....You are smart enough to know what I mean here...I also know there was a big group of ppl started selling shares last 2 weeks as they also know they could earn even more at a very very very very LOWER PRICE.... RM0.595 is very very very EXPENSIVE......I expect more and more people will SELL especially those who are CONTRA Players..

My prophecy should be correct!!!!

Remember, at current price, if you think it is not an expensive price, please go ahead to buy. No one can stop you....hahahahah

Disclaimer: Buy or Hold or Sell at your own discretion. This is not an advice but just a sharing of my idea

·@kion11, I am not sure how you get the valuation of 80 cents

for my computation of Intrinsic Value and PMOS, the price should be far below your 80 cents

Anyway, you may follow you own computation because different person is using different computation model