Since everyone seems to have their own intention by spreading or speculating the good and bad about SD.

Let's do as below:

Those who does not hold any SD share, let's not to buy/queue until everything is clear. Please don't spread news that is still unsure. What you might miss is just a chance to earn big or a chance to avoid a big loss. That's your hard earned money, study more and make your own judgement before buying any stock.

Those who is holding SD ad insist holding SD, let's continue to hold it but please don't drag or convince other people to buy it. That's their hard earned money. Please don't spread news that is still unsure. You no need to scare if you insist SD is a fundamentally strong company.

Facts from previous financial result, comparing 2019 to 2020:
Revenue increase from 4.5b to 6b, +1.2b
Profit increase from 500m to 630m, +130m

Inventories increase from 900m to 1.6b, +700m
Receivables increase from 1.2b to 1.8b, +600m
Cash decrease from 1.3b to 800m, -500m

Borrowing(non-current) increase from 2.9b to 3.1b, +200m
Borrowing(current) increase from 400m to 800m, +400m

Those increases in inventories and receivables, can a company consider them as revenue even if they not yet sold their inventories or not yet collects their receivables?

Any finance expert can clarify?

Ref: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3133994

Hey, it's nice to see IT people here!
Nice to meet you kinuxian, i3lurker!
(I'm a noob developer which only use html+js+css+php+mysql to get all my job done, lol)

http://www.block7investments.com/
https://fdds.ae/

They want to do IT business, data center, but their official site is not even secure.

possible bank list, I'm not sure, just Google it randomly:

https://www.theedgemarkets.com/article/serba-dinamik-gets-rm12b-islamic-syndicated-financing

Thanks kinuxian, just noticed that you're one of the person that providing info and links for us to read and verify our self (at least me). Really appreciate that.

To be honest, I really learned something from this SD case.
Just sharing, Please don't hantam me.

First, I'm quite new in investment and I'm not a risk taker, most of the time I pick stock by looking at their Revenue by year, EPS every quarter, DPS.
And suddenly there is a news on SERBADK and it's stock price suddenly plunge which interest me. By looking at it's fundamental: Revenue, EPS, DPS and current stock price, that's perfect stock for me,its an opportunity once in a while! My plan was to hold for long time, waits for its value back to 1.XX+ and at the same time enjoy it's dividend every year. And I managed to grab some at cheap price.

And when I come to i3invest forum, I saw a lot of people a lot of people accuse the wrong doing of SD say something bad about SD. I seriously don't understand why some people will come and say something bad about certain stock, they don't gain anything by doing that. (Except some people, their intention is very clear: to promote the stock they're holding).

Finally, I decide to spend some time to read the links provide by some of the hater of SD. (Yeap, I'm getting influenced by the haters)
https://valueinvesting.substack.com/p/serba-dinamik-red-flag-analysis

After reading it, (but TBH, not really understand them completely) but a few points that i get was(correct me if I'm wrong):
- Revenue is not necessary the money you already got, it can be the money that your customer still owe you
- Due to the business nature of SD, the revenue calculation can be as follow: for example if they get a 2 billion contract for 4 years, they can divide it and put it in their revenue, under receivable (the money that customer still owe me)

A more serious situation is that, the customer is a little bit suspicious, for example below news from theedgemarkets:
https://www.theedgemarkets.com/article/serba-dinamik-bags-rm771b-contract-abu-dhabi-project

it mention serba get 1.8 billion contract from a US based company called Block 7 Investments LLC
if you google "Block 7 Investments LLC"... the official website is: http://www.block7investments.com/
the website looks ok... acceptable... but if you go and verify this website... (we can check when is a website created online)
https://smallseotools.com/domain-age-checker/
then put in the website you want to check, it will show when is the website created.

The result shocked me after comparing the date with the theedgemarkets news,(although some people already mentioned in the forum). I'm not 100% sure what does it means, but I instant sold all my SD on hand. (There are possible that I'm wrong too, people can easily justify the reasoning behind this too, but I wouldn't take the risk)

Probably people can still earn from the UP and DOWN during this uncertain period. Probably nothing happens in the end and SD price slowly rise back to it's previous price before the news, but I definitely will not touch SD anymore. To me, it is no longer a fundamental stock. I will also be more careful picking fundamental stock next time.
Thanks for reading!