I wonder why sifu Calvin made the U turn call on Kpower and turned promoter instead. Could he have been threatened with a lawsuit? Calvin, you made some good calls but this U turn really pulled you down. Btw, how many shares do you yourself own? Pity those who bought the 3 related counters at high price and are still holding hoping that one day in the future the prices will be back to the good old days

Haha, PSAi3alert, I like the term "Corporate schizophrenia"

Hahaha. Just shows your level of educatuon.
Just 4 letter words from your mouth. This kid is throwing tantrums again. Glad I have spoilt your weekend. To the rest of you, enjoy your day. One thing I can't stand is cyber bullying.. Btw, I off for the week. Relax ya

A self absorbed person only can see the faults of others but they are colour blind to their own

Atilanohun haha. I also spotted the stark grammatical error of the "Oxford" graduate. And to think that he is always critising or making fun of others. Lol!

All karam related companies in quicksand. The more SD sues, the deeper they sink…until they hit rock bottom

All karam related companies in quicksand. The more SD sues, the deeper they sink…until they hit rock bottom

All karam related companies in quicksand. The more SD sues, the deeper they sink…until they hit rock bottom

https://www.thestar.com.my/business/business-news/2021/11/10/scib-inks-settlement-to-terminate-contracts-in-qatar-oman

No need to sue. Just come up with the accounts and prove everyone wrong. Sd focusing on the wrong issues.

We have many Sifus with some attacking the others. Some make U turns within days while there was no change in the economic situation. Just read everything but believe a few and take the rest wirh a pinch of sale. Never fully trust them as most have hidden agendas

Aiyah, 5 lots only

#Solomolo ........
DATU HAJI MOHIDIN BIN HAJI ISHAK on 28-Oct-2021 buy share at 0.325 price today

https://klse.i3investor.com/insider/director/9237/28-Oct-2021/161532_571133988.jsp

why Datu Haji still buy Scib today when he also know to suspended....hehe
.......
28/10/2021 6:38 PM #

Calvintaneng, had you stood your ground on your deleted blog, you would be a hero today but I really thank you. I cut loss after reading your article else I would have been in deep shit. Thanks

Who are the placees? If money has been placed to purchase the pp shares is it fair to refund by reason that the price had gone down? If price. had gone up, they could hv made a killing.
Can we retailers not pick up the shares we bought by reason that there is now a better price on sale? Who benefits from this cancellation?


#stockjobber SCIB is so kind hearted to be returning the placement monies and aborted the deal to placees after the share price dropped, lest they would be losing big time given that the placement price had been fixed at 0.43 ! Well done Karem and good deeds will retribute to you in due course, wish you well and surely you would overcome all your issues and triumphs !
27/10/2021 9:52 PM #

Mabel, why spend time on this forum when it's much more enjoyable at Langkawi?

SD can put aside for the time being till SIR out

SCIB changed the financial year end of the Company from 31/12/2020 to 30/6/2021.

And reason they gave was due to continuing extension of the MCO in Malaysia and lockdowns in countries in which the Group operate, which hampered the ability to finalise the Group's financial statements (FS); expansion of Group's operations in new countries further add to more time required to finalise FS; and to facilitate better audit planning and allocation of resources to avoid the peak financial reporting period.

That was in May 2021. Now, 5 months later, the report is still not ready. Add to this the not so strong quarterly figures and private placements, and what's happening over in SD, investors prefer to stay by the sidelines till there is a clearer picture

Buy in slowly without creating big impact to the market? Does this guy really care the impact to the market? What about his disposal of ALL his warrants ALL, not even 1 lot left. Did he think of the impact to the market? In his own words, he is after all a bizman. All he cares is his bizness, his money. Does he think of the shareholders? I doubt so


Posted by Hop333 > Oct 26, 2021 12:01 PM | Report Abuse

Haha, come on guys

The boss wouldnt do such "lowyat level" stuff, he is a man with reputation. Doing such things will kill off his reputation and makes it harder for him to do any businesses in future as no one trust him due to this case, where alot of big companies is watching him.

I felt he plan to buy in slowly without creating big impact to the market, but somehow Bursa found out and stopped him

Accounts not accpunts

Would NTA still be 1.05 if the accpunts were incorrect?

Pearlwhite, I forgot to add, you are basing on your opinions on Emperorfund's insidsr news but it that the truth? Any evidence? If not, it's hearsay only

Pearlwhite, I was just asking some questions. The report is as of 30th September. Means findings are up to 30th September. What I wrote cannot brainwash anybody as the counter is already suspended. And I have no reason to brainwash all the experts here. Each have their own reasons for buying / selling / watching on the sidelines. To each his own

Findings on SIR were given to 3 of the INEDS on 21.10.2021. As of 22.10.2021 2.30pm, still no announcement by SD causing Bursa to suspend the countrr and SD has till 26.10.2021 to inform the public.
Q: Does SD have to wait till the last minute bef announcing the findings?
Q: Can it announce today?
Q: Is it because the findings are adverse that it has not been announced?
What's happening? No one knows except those who are in control

Reply to Makit, pp is private placement. You can find out more by doing a google search on "private placement"

Calvin, am I interpreting the annual report wrongly?
Receivables increased from RM43million to RM144million
Cash increased from RM90million to RM104million
Liabilities increased from RM61million to RM175 million
Cash flow negative
Is that solid report or did I miss something?

Abang_misai, after reading your explanation I decided to buy MKH instead of JayaTiasa

OTB explained and gave his views and resons for entering Hiaptek. Based on his analysis and also abit of homework on our end, we buy or sell, win or lose sometimes due to luck also.

No one expected the shares price to go down when profits were superb. And no one predicted the Evergrande debacle and we also do not know if this would impact Hiaptek's share price, if at all, over long term.

Anyway, OTB did say it was for long term so if any of you lost on contra, I feel sorry for you and good luck to those still holding including me. Don't let Mr Market's daily screamings confuse us. Have a great Sunday!

Calvintaneng, would you recommend a company with high and increasing receivables, high payables and not much cash and now in the red?

Yes, SCIB has more than RM1billion worth of projects but this goes right to 2030. And you see their trend. How are they going to finance their project. I don't think their recent PP was fully subscribed.

Read their report - they are behind time in carrying out their projects so how to get all those projected profits. Furthermore, they cite high material costs.

You paint a too rosy picture of SCIB

But anyway, thanks to what you wrote before you u turned your opinion, I cashed out.

Not a sell call. I have nothing against SCiB

For those who asked, RM121million was for consolidation elimination.

Gross profit RM136million. Company expenses and consolidation elimination RM121million leaving Profit before tax of RM14.8 million

@calvintaneng > Sep 29, 2021 12:11 AM
Very ok guys pp can raise funds faster
See after opcom gave pp at low prices now it shot up more than 100%
kpower will go above Rm1.00 like Opcom
#

Calvin, why not compare to SCIB? After all, SCIB and SERBADK and KPOWER always go together much as Kpower wants to distance itself from Karim.

After PP SCIB's price went even lower.

So don't take a chance that this counter will goreng up. Those who thought SCIB's price will goreng up due to its PP sure lost money.

Although incread revenue by huge amounts but profit decreased indicating higher operating costs. Furthermore, increased borrowings and increased trade receivables in this quarter. And don't forget private placement brought in rm55.4 million which partly contributed to working costs. And subsequent to June 2021, property in England was sold at a loss. With Serbadk's shadow still hanging over, i rather put not go in now

@ Solomolo - dont run..if playing cash..just wait SIR out...if margin...just sell first...
20/09/2021 9:52 AM #

That is based on premise that SIR will be good. If it is bad, you wished you had run earlier and cut loss.

PSAi3alert, as always, you have given a good explanation. Agree with you

Happy Malysia Day, SS Lee and all Malaysians!!

Was the PP this time fully subscribed?

If not, SCIB could be abit tight with their cash flow to run their projects. When PP was proposed for this round of PP, the price was around RM1.548 and SCIB planned to raise RM227.8 million (see the Edge 3/5/2021).

After the news, the price of SCIB dropped to the price where the 10 - 20% discount made the PP shares RM0.58. Based on that, it looks like SCIB iwill only manage to get about one third of what SCIB planned to raise and that, too, if PP was fully subscribed.

Must be good news

So high PE ratio and not even a tech stock

@ Mush Joker
Karim is distancing himself. to prevent further loss. then transfer all the opportunity to other director. still involve but is undercover
##

Same thoughts here. See the last transactions were all done at the same time

Najib's lawyers must be real thick skin. Guess he pays them well. Like a Chinese saying, one can pay the devil to pull your cart.

A lawyer should do what is right and not what his client tells him to do.

Najib should at least have the courtesy to be present in Court, excuse himself, then be on the way to the Palace. His attitude just goes to show that he has little respect for the Court and does what he likes

Sorry, the notice was yesterday, not today

The Directors and Principal Office of Kpower has given notice to Bursa that that they will be dealing with shares of Kpower today. Is Karim buying or selling since he has said he is distancing himself from Kpower? My guess is Karim is selling and the others buying. Let's see if I am correct

Yes, AZRB climb up to rm0.365. When Calvin promoted around that time it was 34sen. And after that all the way down.

Calvin also promoted AZRB. Now fallen to 23 sen

When Uncle kyy wrote his article that he was cashing out, I was a bit sceptical. Good investors seldom sell all their shares. But kyy said he sold everything due to covid 19 infection on the rise and due to the political situation. He talked as if the market was going to crash!

Market sentiment is still the same. Political situation has got worse from the time he cashed out and covid 19 infection is at its highest and yet he bought back.
Now his reason is Hiap Tek has fallen to a low level. What about his interview with William Cheng when he said we cannot buy any more steel counters? This Uncle has got a bad memory

@ LaoTzeAhSir
Blog: KPOWER : Some Takeaways after One to One Talk with Kpower Management Today (July 12 2021) Calvin Tan Research

Jul 13, 2021 10:28 PM | Report Abuse

omg.. now he becomes kpower worshipper.. you have no idea how much investors got wiped off by serbad n sclb#

Above was what you wrote. Does that make you a hater? Haha. People who live in glass houses shouldn't throw stones. Haha.

Enough time wasted talking to you. Got other better things to do and if you are holding any shares from those counters, good luck. You make, your good fortune. You lose, you have been warned.

@LaoTzeAhSir, no need to hate. No need to call names. Just telling facts. Read the whole article. PP has to be postponed as price is too low. ScIb has to turn to banks to obtain loans, etc, etc. I do not have any shares in Serbadk nor Kpower nor Scib. Many are newbies from the questions tbey ask so just gave them the article to read for themselves. I just said "does not look to good". Any hate there? Don't read anything further into my words. You are the one creating hate

https://www.thestar.com.my/business/business-news/2021/07/31/life-goes-on-for-scib

Does not look too good for SCIB

Many ppl still don't get it. KPMG does not work for SD although it gets paid by SD. KPMG's job is to ensure that SD's accounts are correctly done and gives a true picture of its state of finances.

Kpmg protects the shareholders. In those cases where KPMG or any company auditor was sued, it was because the said auditors did not raise any red flag when they should have done so.

@ Huangbk72
Everyday fanboys showing KPMG audit news.

All wrong comparisons!!

Wanna compare, make apple to apple comparisons, don’t twist fact to suit own agenda.

1)Auditors worldwide gets sued all the time for LACK of Audit. Means shareholders or liquidators sue auditor.
2) in SD case, auditor OVER audit in raising red flags.
3) Surprise surprise.. EY top in 2020 for lack of audit. Kenna sue left and right much much more than the other Big4


####

And in many cases, red flags on the companies were raised after another auditor took from EY

Nizamtricky24, belum. PP not done yet

Some of the projects of Kpower are a spin off from Serbadk. If Serbadk goes down, Kpower will also be affected. Karim has now decreased his shares in Kpower to show that Kpower and Serbadk are in no way connected. Would Kpower still bag big projects now that Karim is distancing himself from Kpower.

Calvin has given kpower a TP of rm2 but he has qualified it by saying if kpower gets its receivables turned into cash. As of the last qr dated 31.3.2021, the current receivables was Rm183million