https://klse.i3investor.com/m/blog/rights_of_minority_shareholder/2021-06-07-story-h1566079873.jsp

Below 1.00 only can buy...too expensive compare to other glove stocks.

If you still want to try your luck on Serbadk then you must play with FIFO strategy, if needed to cut loss then you must sell your holding without any second thought.

Another LD is possible if the audit issues is found to be true.

Still better don't catch the falling knife for the time being until the audit issues is resolved. The outcomes of the audit review could be on either side.

No good reason for Scib to go up tomorrow since the audit issues haven't resolved.

Tomorrow another 10% drop ?

Zero covid death in UK...best news of the day. When will be Malaysia turn ?

Zero covid death in UK...best news of the day. When will be Malaysia turn ?

Buy a few lot of malakof and called warrant to keep for any surprises.

Big surprise could come anytime

SCIB and Kpower shareholders are suffering in pain too because of this saga. That's the disadvantages of having the same major shareholder and with their major contract received are interrelated. Pity them buta2 get involved in this unfortunate event. Sama2 senang sama2 susah is the best way to describe the three siblings.

Expect more downside unless miracle happen overnight

Share price drop like no tomorrow means nothing ? Sellers are nuts too stupxd to sell ?

Remember Sapura E only worth 13¢. Ramunia, Sumatec, Megan Media, Transmile, Renong, London Biscuit and Ekran all went holland liao.

Keep your dream alive although in reality the covid-19 cases around the world will decrease sharply towards the end of the year as more ppl around the world get vaccinated. ASP will definitely go down sharply too as less demand and more supply in the market.

Keep your dream alive although in reality the covid-19 cases around the world will decrease sharply towards the end of the year as more ppl around the world get vaccinated. ASP will definitely go down sharply too as less demand and more supply in the market.

Next crucial support is 75¢, if break easily then it may go lower than 70¢

Play a FIFO strategy... cannot be too greedy

These days investors won't look at the fundamental of Kpower or SCIB. What they worry now is Kpower and SCIB both are connected with Karim and most of the big projects received by Kpower and SCIB are largely from associates that connected with Karim.

These days investors won't look at the fundamental of Kpower or SCIB. What they worry now is Kpower and SCIB both are connected with Karim and most of the big projects received by Kpower and SCIB are largely from associates that connected with Karim.

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 the accuracy, thus may take longer than anticipated.

More downside pressure for Kpower, Scib and Serbadk in coming weeks until the audit issues settled.

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 the accuracy, thus may take longer than anticipated.

More downside pressure for Kpower, Scib and Serbadk in coming weeks until the audit issues settled.

Means downside risk is much higher than upside unless got positive finding come out quickly.

Another one month or more time means the share prices could move much lower until the audit issues is settled.

SERBA Dinamik Holdings Bhd may face a more challenging access to funds if its independent review on the auditing irregularities flagged by its external auditor reveals any anomalies, according to Fitch Ratings Inc.

The credit ratings agency, which has downgraded Serba Dinamik to ‘B-’ on rating watch negative (RWN), believes the issues raised by KPMG PLT and the review would constrain the oil and gas (O&G) services company’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,” Fitch said in a rating action commentary on Wednesday.

Fitch has downgraded the energy-service provider’s longterm issuer default rating to ‘B-’ from ‘BB-’, two days after S&P Global Ratings did a similar move.

At the same time, it has downgraded Serba Dinamik’s senior unsecured sukuk due 2022 and 2025 to ‘B-’ from ‘BB-’ with a recovery rating of ‘RR4’.

Fitch added that Serba Dinamik’s ‘B-’ rating and RWN reflect its heightened liquidity risk following the questions raised over the quality of its earnings by its auditor, which gives rise to the possibility lenders may cut their exposure to the company, and investor or lender interest in the company may be constrained, if the audit review is unresolved or prolonged.

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 the accuracy, thus may take longer than anticipated.

Buy a bit play play enough since the audit issues will drag on for weeks, share prices will keep sliding by those contra players and local and foreign funds. I think KWAP haven't finished disposing all their Serbadk as they still holding less than 5% of Serbadk share.

Margin call coming soon since the share prices kept on sliding....BEWARE !!!

Brent rose about 3% on the week while U.S. crude notched gains of nearly 5%. It is the second week of gains for both contracts.

Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran's nuclear programme, which reduced expectations of a return of Iranian oil supply.

"Energy markets are locked in on Iran nuclear talks that should pick up next week," Edward Moya, senior market analyst at OANDA said.

"The fifth round of negotiations will heat up next week and that should keep oil prices supported as Tehran will stick to their red lines for restoring the nuclear deal."

Meanwhile, U.S. crude output is likely to grow more slowly than expected as shale producers have added only a limited number of extra rigs to boost production, opting to push for higher prices and profits instead.

While rising demand and the fast pace of vaccinations in countries such as the United States have boosted oil, a slower inoculation rollout and high infections in the likes of Brazil and India are hitting demand in high-growth oil markets.

"Not every country in the world is on a full recovery mode yet, but at the moment no hiccup seems able to reverse the bullish momentum ushered in by strong summer demand," Rystad Energy's oil markets analyst Louise Dickson said.

Brent rose about 3% on the week while U.S. crude notched gains of nearly 5%. It is the second week of gains for both contracts.

Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran's nuclear programme, which reduced expectations of a return of Iranian oil supply.

"Energy markets are locked in on Iran nuclear talks that should pick up next week," Edward Moya, senior market analyst at OANDA said.

"The fifth round of negotiations will heat up next week and that should keep oil prices supported as Tehran will stick to their red lines for restoring the nuclear deal."

Meanwhile, U.S. crude output is likely to grow more slowly than expected as shale producers have added only a limited number of extra rigs to boost production, opting to push for higher prices and profits instead.

While rising demand and the fast pace of vaccinations in countries such as the United States have boosted oil, a slower inoculation rollout and high infections in the likes of Brazil and India are hitting demand in high-growth oil markets.

"Not every country in the world is on a full recovery mode yet, but at the moment no hiccup seems able to reverse the bullish momentum ushered in by strong summer demand," Rystad Energy's oil markets analyst Louise Dickson said.

NEW YORK: Oil extended gains on Friday, with Brent topping US$72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about a patchy COVID-19 vaccination rollout around the globe.

The Organization of the Petroleum Exporting Countries and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed U.S. crude inventories dropped more than expected last week.

Oil extended gains after U.S. figures showed nonfarm payrolls increased by 559,000 jobs last month. The U.S. dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.

Brent crude rose 58 cents, or 0.8%, to settle at $71.89 a barrel, after touching $72.17, its highest since May 2019.

U.S. West Texas Intermediate crude rose 81 cents, or 1.2%, to settle at $69.62. The session high was $69.76, its highest since October 2018.

Oil prices drifted higher after U.S. energy firms this week cut the number of oil and natural gas rigs operating, for the first time in six weeks, data from energy services firm Baker Hughes showed.

"After much dilly-dallying, Brent appears to have found a new home above $70," said Stephen Brennock of oil broker PVM. "Summer and the reopening of the global economy is bullish for oil demand in the second half of the year."

NEW YORK: Oil extended gains on Friday, with Brent topping US$72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about a patchy COVID-19 vaccination rollout around the globe.

The Organization of the Petroleum Exporting Countries and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed U.S. crude inventories dropped more than expected last week.

Oil extended gains after U.S. figures showed nonfarm payrolls increased by 559,000 jobs last month. The U.S. dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.

Brent crude rose 58 cents, or 0.8%, to settle at $71.89 a barrel, after touching $72.17, its highest since May 2019.

U.S. West Texas Intermediate crude rose 81 cents, or 1.2%, to settle at $69.62. The session high was $69.76, its highest since October 2018.

Oil prices drifted higher after U.S. energy firms this week cut the number of oil and natural gas rigs operating, for the first time in six weeks, data from energy services firm Baker Hughes showed.

"After much dilly-dallying, Brent appears to have found a new home above $70," said Stephen Brennock of oil broker PVM. "Summer and the reopening of the global economy is bullish for oil demand in the second half of the year."

Brent rose about 3% on the week while U.S. crude notched gains of nearly 5%. It is the second week of gains for both contracts.

Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran's nuclear programme, which reduced expectations of a return of Iranian oil supply.

"Energy markets are locked in on Iran nuclear talks that should pick up next week," Edward Moya, senior market analyst at OANDA said.

"The fifth round of negotiations will heat up next week and that should keep oil prices supported as Tehran will stick to their red lines for restoring the nuclear deal."

Meanwhile, U.S. crude output is likely to grow more slowly than expected as shale producers have added only a limited number of extra rigs to boost production, opting to push for higher prices and profits instead.

While rising demand and the fast pace of vaccinations in countries such as the United States have boosted oil, a slower inoculation rollout and high infections in the likes of Brazil and India are hitting demand in high-growth oil markets.

"Not every country in the world is on a full recovery mode yet, but at the moment no hiccup seems able to reverse the bullish momentum ushered in by strong summer demand," Rystad Energy's oil markets analyst Louise Dickson said.

NEW YORK: Oil extended gains on Friday, with Brent topping US$72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about a patchy COVID-19 vaccination rollout around the globe.

The Organization of the Petroleum Exporting Countries and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed U.S. crude inventories dropped more than expected last week.

Oil extended gains after U.S. figures showed nonfarm payrolls increased by 559,000 jobs last month. The U.S. dollar weakened after the report, making oil cheaper for holders of other currencies and lending support to oil prices.

Brent crude rose 58 cents, or 0.8%, to settle at $71.89 a barrel, after touching $72.17, its highest since May 2019.

U.S. West Texas Intermediate crude rose 81 cents, or 1.2%, to settle at $69.62. The session high was $69.76, its highest since October 2018.

Oil prices drifted higher after U.S. energy firms this week cut the number of oil and natural gas rigs operating, for the first time in six weeks, data from energy services firm Baker Hughes showed.

"After much dilly-dallying, Brent appears to have found a new home above $70," said Stephen Brennock of oil broker PVM. "Summer and the reopening of the global economy is bullish for oil demand in the second half of the year."

Maybe Syed Mokhtar offer high price 2.00 for MMC is to help EPF recover their big losses in Serbadk. That's possible.

Seems our EPF is not that smart after all. No wonder their given dividend kept on sliding year by year.

Check out whether EPF already disposing or not. Hopefully they didn't.

Bad finding if out then next week below 70¢ is not impossible.

80¢ easily broken...runnnnn !!!

Selling by institution investors continue today. 80¢ in great danger today. Karim and friends will push back above 80¢ before market close.

MMC shareholders are celebrating while Serbadk shareholders are suffering quietly. That's is share trading. Luck is also important not just based on financial report or chart analysis to determine whether you could make money or not. All the best guys ! Good luck !

Already dropped half from 1.60 to 80 cents still stay calm ? You could only get back your lost in MMC. Hope you are holding MMC as well.

But be very careful as U-turn story is quite common in this covid-19 environment. Get your big profit while you still have the chance. Look at FGV and Boustead then you know the risks.

Maybe MMC have to sell off all their holding in Zelan...surely the price will fall below 10 cents.

So what ? MMC received offer 2.00 not Zelan.

Interesting read

https://valueinvesting.substack.com/p/serba-dinamik-red-flag-analysis

Why KWAP throw almost all their holding in Serbadk ?? They knew something that we didn't know yet ??

If EPF also throw then 50 cents is possible. KWAP already throw 26m share !

Just hope Boustead and FGV saga wouldn't happen to MMC. That's why don't be too greedy. If could sell between 1.80-1.95 then you sell all.

Beware ! KWAP still in the process of disposing the remaining share in serbadk after disposed 26,032,000 yesterday. Even KWAP also sell off all their holding in serbadk. Soon KWSP may follow. Can't imagine what will happen to the price if KWSP starts to dispose their holding as well. So far no action yet from them. Soon we will hear from KWSP, be alert guys !!