Posted by calvintaneng > 2021-06-02 14:06 | Report Abuse

Talk is cheap

Receivables ballooned from Rm1.2 billions to Rm1.865 Billions in Feb 2021 result

We have yet to see May 2021 reports

Debt has gone up to Rm3.1 Billions and Cash equivalent has dropped to Rm800 Mil

Now Net asset cannot cover net debt and no margin of safety at all

At this state Serba is not for investing but blind gambling at best

Posted by Sslee > 2021-06-02 15:25 | Report Abuse

Let's understand the project here: the ultimate customer awarding the Block 7 Innovation Hub project is ZonesCorp, a subsidiary Abu Dhabi Ports company. Abu Dhabi Port is a very well known company in the Middle East

https://www.theedgemarkets.com/article/serba-dinamik-bags-rm771b-contract-abu-dhabi-project

KUALA LUMPUR (April 15): Serba Dinamik Holdings Bhd has bagged a US$1.78 billion (RM7.71 billion) contract for the engineering, procurement and construction of an innovation hub, academic campus, related facilities and information technology (IT) infrastructure in Abu Dhabi, United Arab Emirates.

In an exchange filing today, the firm said its wholly-owned unit Serba Dinamik International Ltd (SDIL) accepted the letter of award last Sunday from US-based Block 7 Investments LLC for the four-year project, which is set to commence on May 14.

So who owned US-based Block 7 investment LLC?
ZonesCorp or Karim?