This counter keep for day traders, gamblers, punters and hardcore believers lor. Whether or not it can profit, KWSP and KWAP not interested.

Maybe it is ok and company might recover to RM1, but big funds not interested cause management is lapsap. Where got management go fight auditor and challenge auditor in court. This shows the mentality of the management. Even if future they might be profitable or have money, all other big funds will not want to touch because there is a risk Karim wake up and sue auditor next day. One day u worth RM2, next day worth 30 cents. This is kerana mulut, badan binasa scenario.

If there is very rich tycoon, but attitude like rubbish, some people will flock to them many will choose to avoid them and live a normal life without ever interacting with that tycoon. Likewise, there are companies that are profitable, but business is "haram" according to religion such as beer or gambling. So they stick to business that are Syariah Compliant.

This is just opinion, but there are 1000 stocks, why wanna touch this when there are so many others that are guaranteed profitable with a more calm and thoughtful management?

Lol... the pattern same as when it was 9 cents, 7 cents. 6 cents... now 3.5 cents pretending to go to 4.5 cents, later queue at 4 cents disappear, all get caught off guard again lol

pearlwhite, u kena stroke ah? why everything you type must do in caps? or you got cataracts, cant see your own typing, so have to put all caps?

Today's gamble is worth it, if operator goreng, it wont be 1 day goreng. Want goreng also won't go goreng 1 day before deadline, that is not logical because you need to accumulate and sai lang to trap bilis. We baru reach 30+ cents in 1 week, where got time for operator to pattern...

The more logical possibility is speculators betting tomorrow or tonight will announce auditor. These are punters that buy big buy small like genting dai sai.

The other logical possibility is insider news spread and leak on whatsapp or telegram, hence the buying interest.

Who go take hundreds of million to push it up? Karim and gang kena force selling kau kau, so pushing is definitely not them la.

Use common sense la, wanna suggest also at least suggest something logical and feasible la. If they really never appoint, u tahan for what? tomorrow LD not so bad, then Monday LD how? Nobody will tahan and push up if no news la... pls give suggestion like a smart person, dont announce the world u are dumb like a fool..

The volume too big today, I suspect maybe got inside news leak our on auditor appointment. The amount too big for shark to goreng... 1.74b traded...

No, this is uptrend for now. It will resume above 40 tomorrow. I wonder is it cause of news they appointed auditor already?

Wow wtf, someone park 50m then cancelled. gg this one operator goreng u guys. Need to report bursa, how can park 50m and delete like that? Market manipulation

Congratulations, tomorrow will LU. Today manage to break 40 cents. If got auditor + independent reviewer announcement today, we can look forward to 60-70 cents.

If they announce independent reviewer and auditor are appointed, then have chance will LU. Auditor is more important at this point because they need to sign off the audit report.

Today will breach 40 cents.

Big funds disposed and cabut already la.. if you got follow news. Biggest fund disposed 90m shares in a single day lol

Maybe PPIM come to bail out members who bought high, bail them out kot... take opportunity on dead cat bounch ya..

Careful, the index breached death cross and below the 400 days average moving. It should be the start of bear market the next couple months. I cash out all few days ago at the recent peak.

Wow, serba is so high in demand, so great until EPF and KWAP dispose and cabut so they can give bilis the opportunity to become millionaires.. so thoughtful and kind of EPF to help all the bilis cari makan during MCO.... /s

For 30 cents, u can buy bricks. With the bricks u can go do bbq, u can build jamban, u can do many things. Please spend wisely on bricks and stones, it has more value than serba.

Mabel, buyers more than sellers, but share quantity sellers more than buyers.

Cause sellers are the big fish and sharks like EPF, so there's few funds.

Buyers are small bilis thats why more buyers

But quantity wise, share selling exceed buying shares, thats why all the bilis helping us to bail out our retirement money. It's good thing imo, cause i want to see >5% dividend in my EPF...

rr88, u are right, I have already let go all my other positions and taken profit yesterday and today.

Only have 2 counters, which are defensive stocks that hardly move and their dividend ex-date is coming this month end so I will hold those. Otherwise I am taking profit this week already as I also noticed we will be in bear market the next few months.

If continue go down at this rate, will index breach below 1500 next week?

If u come to buy today and hope to sell T+2 on Friday, then you really really special person... cause your strategy is buy high sell low. U got seen Serba up green on Fridays wan ah?

Buy today means Friday T+2 for you... Friday is always shark day for Serba.. the water all red with blood after Jaws makan all the bilis...

All the noobies here need more training on cut loss. This counter can teach you, so next time you won't repeat mistake. People become irrational when market downturn badly. When they already announce EY to be independent reviewer and appoint them, your counter can still end in red...

Logically and Rationally, do you think T+2 (Today) and force selling day (Tomorrow) will suddenly become green ah? Give you the appointment of independent reviewer news also cannot up green, then when quiet day/ no news day, you can be sure it will go even redder. Next range is 26.5-29.5 already.

Your only hope is appointment of independent Auditor next. That also can give you 40-42 cents only. You want to rebound, u need them to sign-off the Annual Report and submit to Bursa officially. Otherwise, u can slowly wait 15-18 cents by end of July.

Give u guys tips la, next range is around 26.5-29.5 cents for day traders... every week we contra lower and lower... like circus

For those who bought on monday when market started to crash, today is T+2. Today will gg EOD because tomorrow force selling day. Good luck.

greenyard, if the 2b is fake, then year end their bond and loans are expiring. How they gonna pay? I've mentioned this last Friday night, it's not about the price, but a problem if bankruptcy. If they cannot finance the bonds and loans at year end because the 2b is fake, then your creditors will sue you for bankruptcy. In addition, the rating agencies will downgrade you, making it harder for you to get loans or favourable terms from banks to refinance your existing bonds and debts.

Don't think 2b is fake, so can just lower price. You still need to finance and repay your debts. U think this is ramly burger stall, can just abandon and walk off if you decide not to do business next week?

@anemon, there is no auditor la... only independent reviewer. There is no auditor appointed to sign audit report and annual report. Go read properly before commenting.

EY is just doing review on the query from KPMG to verify the contracts and customers. They are not signing off the audit report.

Can anybody tell me who is the new auditor who will sign the financial audit report and annual report? As far as I know, there is none at the moment. Hence it will sink until further notice on appointment of new auditor.

Sekian, terima kasih.

No way big funds going into Serba. The biggest funds are disposing Serba, for example, you can see EPF disposing Serba every few days. They are slowly dumping so not to crash the price at once.

Actually ceo deny right hand pay left hand in news.

But i3 here speculating it might be circle fraud thing, cause it seems like that on the surface la. Then again, only KPMG knows more info, we dont know what's happening.

@Stockisnotfun

Yes, today supposed to be up, then tomorrow and Thursday down. Cause T+2 and Force selling is tomorrow and Thursday. If today it cannot end neutral or up even after they announce EY doing the review and 100 mil profit for the quarter, imagine what will happen tomorrow when there is no news to boost Serba.

Somemore, if you hold overnight, you risk later 7pm announcement EPF and Awang dispose another 30-50 million shares. The risk and downside is so much higher than upside. Even give you good news that EY will be independent reviewer also cant boost your share, you think tomorrow will have good chance to reach 40 cents ah?

Later if 7pm, if you're lucky, they announce EPF dispose another 30m, so it's good because EPF wanna dispose majority shareholder position to save your retirement money. Worse case, 8pm announce got some director jump from 15 floor, then buyers die, non-buyers EPF money also die. All sama sama sad ok. Better wish Serba up.

I seen the annual report, company is doing ok. If you dont mind holding long term, it is okay because they are moving into solar and batteries. Currently they are doing software, which should be better than most brick and mortar companies as they do not rely only physical contact with customers like F&B or shopping malls, hence they will fare way better than other industries like tourism related or physical contact reliance businesses.

Just wait for government or some Tech company to move Malaysia into renewable energies then you can see YGL move up liao... but not in the short term la..

To be honest, if it is possible, maybe SD should ask for a suspension until AR is out. That way, they can at least preserve the share price. When the AR is out in 2022, then they can request to remove the suspension and get LU. At least can help current people stuck from losing further value. You can still get dividends if share are suspended, just that it cannot go any lower since you cannot trade it. Suspension can help weak hands to persevere until AR clears up all the negative news and emotions on the market.

On the other hand, people will panic at the start of a suspension. But as time goes by, people will calm down while waiting the AR. But SD needs to keep everybody in the loop so people dont die of heart attack or do anything drastic la..

Yes Reap88, there is no auditor after KPMG resigned. EY has been appointed as independent reviewer only, but that is to review the queries, not to sign off the audit report. To appoint the company auditor and sign off the audited accounts and annual report (AR) is a different role. The appointment will be in Bursa and new auditors need a long period of time (6-9 months) to conduct audit from before 2020 until June 2021.

From my knowledge, new auditors will audit more than 1 year accounts (usually up to 3 years) when they takeover new company auditors because they cannot fully rely on other people's work. They need to confirm with their own eyes only can sign off, thats why 6-9 months is considered normal. I think SD will get suspended temporarily because the year end closing is June 30 and they need to come up with the report within a statutory period. Since new auditor needs 6-9 months, means the earliest u can expect 2020 audited report will be in early 2022. So I can say there is a chance SD will get suspended once they breach that statutory period until the new AR comes out and they can request to get relisted. You guys can trade SD again in 2022 or 2023 if they get suspended temporarily la.

Good thing our EPF cashing out whatever it cans before the delisting. Hope my EPF next year can retain above 5% dividends... no eye see... Let bilis eat bilis since they wanna eat each other, dont kacau my retirement money...

Who manage to exit today's dead cat rebound? The graph is a waterfall with no end yet, so hope the day traders here manage to exit ya... Tomorrow is T+2, so not really much hope tomorrow.. Thursday is force selling, day traders can buy cheap at 4.30pm on Thursday lol

Can anybody confirm if the independent role by EY is just to review the queries and verify the response on the query or is the independent review also going to look at the overall account?

This makes a very big difference because:

A) just check the authenticity of the response to the query but will not sign the AR.

B) The other is to review the entire accounts from scratch and ultimately sign the AR.

It sounds like they are only doing A), and will not sign off the AR, but rather to just verify the response to the query.

You still need to sign AR otherwise you get delisted...

This is bad, today ended even lower, tomorrow can eat popcorn. Wednesday is T+2, so it will not help sentiment also. Want buy, wait thursday to contra ya... assuming they have suspended yet.

If I wanna skip paying taxes, I'll put private placement in the company, then use the company give project to contractors using my friends and family names. Then contractor companies you can put in the costs, opex, etc and "salary" and skip paying taxes.

If a company quarter after quarter red report card, then raise money via private placements, bonds, bonus issuance, etc... all these are red flags la. 10 years of red card with a couple green in between is not sustainable. Does it even make sense for people to continue private placement with a company that does not pay any dividend for the past 10 years? I don't say they're doing what I mention above, but that is the first thing that comes to mind la. The cash in the company was not sustainably generated, rather it's obtained through non-business ways....

Crazy, it just broke the 9mil queue at 33 cents, now down to 32.5 cents

Real or not, problem is their AR not yet signed by auditor and submitted to Bursa. This means their share can get suspended when time runs out. Your money is as good as 0 if you cannot cash out and sell. What's the point of having lots of projects or good news but you cannot actually get the money? It's all on paper only, make u feel rich but not actually rich in real life.

whole market down cause MCO extended. So many counters to buy, why touch this. I rather earn less than lose money if it drops. Go up then you guys lucky lo, but I rather not earn than risk losing. Best opportunity to buy fundamentally strong companies when market is down, why need to risk and gamble with uncertainty lol

i wait u guys at 12 cents. MCO extended is not going to help also..

Hi, I just want to ask out of curiosity. The company has never ever given out dividends before in the past 10 years until 2020. What is the logical reason the company even has buyer above RM2 previously? What is the benefit of holding KPower if there's no returns apart from speculation and bait with bonus ya? Just wanna know the thought process of the shareholders who go and buy this counter.

Luckyboy, if suspended and you cannot cut loss, you need to pay the full amount that you bought+ brokerage. As your buying on contra/margin, it's a loan to you. In Malaysia, 50k enough for your broker to bring you to court and declare you bankrupt if you don't pay up.

If you bankrupt, your CTOS record will be marked permanently. No banks will deal with you, you can't travel overseas, you cannot own property under your name, very very difficult to get jobs unless you wanna clean dishes...etc

U think you can gamble without consequences in Malaysia? Think again, kawan

Air Asia didn't have auditor problem. They are unlucky because covid hit and business became bad. They are asking for loan to survive through covid, then once everybody vaccinate, it'll will be business as usual. The trust is there because they're not commiting fraud. They are just going through a rough patch.

Serba problem is accounting have trust issues and most likely circle fraud. They are 2 different things. The trust is not there. Even if serba can pay dividend now, they do not have the cash flow to redeem 2 billion in bonds later on because nobody will lend due to trust or potential fraud.

Banks borrow money to people, when your business is bad, you get loan from bank, that is normal. Bank understands and also wish you well because they want you to profit and pay them back interest. But I never heard of banks borrowing to conman and fraudster and hope the conman will pay them back interest hahahaha... All banks will shun the fraudster la kawan

My advice, if Monday got rebound, sell and don't look back. Even if the 112m profit is real, the 2 billion debt bond is also real. My friend in the bank told me their capital and trust in the company is so low below IPO that they will never get funding anymore after this from bankers to extend.

Meaning if they don't go bankrupt now, year end also will risk getting bankrupt when their bond expires and they cannot get loan. If you cannot sleep now over this, you're not going to sleep in December when the bonds expire. For this KPMG audit queue we don't know the true story yet, but the bonds are real and the company must redeem them.

Do you think any banks going to lend 2 billion cash when you're directors go around suing auditors and 4 independent directors resign in a day? The mentality and action is so crazy and unpredictable, nobody going to risk 2 billion to lend to a crazy person and hope they pay them back. When they get cash crunch, they're going into PN17, if not now then sooner when bond expires they will face the same problem. For your mental health, just sell and move on.

What makes you think big holders come out buy a company? You think they won't cut loss like so many holders at RM1.60? You're at a disadvantage la. The big stakeholder can say they buy only at 3 cents. Either you sell at 3 cents or you get 0 from delisting. You think u got the bargaining power at the moment ah? To have bargaining power, u need to have the advantage over the buyers. Right now, nobody wanna touch the falling know. You're the one desperate to cash out kawan, big stakeholders can choose not to buy out and stall a decade or two while enjoying director benefit and claim golf club membership from serba, he say buy back 3 cents also u have to bow to him la, otherwise you get 0.

You're still part owner of the company since you are a shareholder for buying their shares. But you won't get money. How is the money going to be paid to you? If the company is not bankrupt, the NTA are the assets, meaning the building, the chairs, the table, the toilet brush, the rubbish bin in serba office are part of the NTA. You going to their office to take the rubbish bin and lelong to get your money back? You think NTA is cash ah? NTA is the estimated value of the company worth la kawan. NTA is not literally cash la... its the brick and mortar, the cement... u go collect the A4 paper in their office la, that is your NTA

No, if company gets delisted, you will not get anything back. You can go serba office take the chairs and sell off if you want since you're a shareholder/owner of the company.

Explain to me, if company gets delisted, who will pay you the money? Where is the money coming from? Karim sell house to pay you back?

@kfbusjd, you are wrong. Shareholders have no right to the assets first if company liquidate. Creditors are the front of the line according to the law. Meaning banks and creditors and all the loans have to be paid back first. They also have to settle and clear all bonds, which we currently don't even know if they have money or not in the first place.

NTA RM1 doesnt mean it actually is RM1 for this case. Because as of now KPMG wont sign of the audit report. How you know NTA is actually -30 cents if KPMG discovered some information that cause them not to sign the report?