SERBADK] Change In Substantial Shareholder's Shareholding - EMPLOYEES PROVIDENT FUND BOARD on 25-Jun-2021 Stock [SERBADK]: SERBA DINAMIK HOLDINGS BHD Announcement Date 25-Jun-2021 Substantial Shareholder's Particular: Name EMPLOYEES PROVIDENT FUND BOARD Details of Changes: Currency - Date of Change Type Number of Shares 22-Jun-2021 Disposed 34,000,000 Registered Name CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD Nature of Interest Direct Interest 22-Jun-2021 Disposed 659,000 Registered Name CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FD BD (AM INV) Nature of Interest Direct Interest Nature of Interest Direct Interest Shares Ordinary Shares. Reason i. Disposal of shares in open market. Total no of securities after change Direct (units) 283,119,600 Direct (%) 7.63 Indirect (units) 0 Indirect (%) 0.00 Total (units) 283,119,600 Total (%) 7.63 Date of Notice 23-Jun-2021
James, your analysis on CMSB is very factual and detail , personally I would reckon at current price of RM1.1 is very attractive further with PE single digit and NTA at RM2.7 and vast business ventures across Swak , monopolistic in cement and diversified business , also appointment of auditor to rectify mismanagement is a good sign of not in denial mode to improve the governance are all good hence it is definitely not another SD. Disclaimer, I have skin in CMSB and will continue to buy more if dip further. Thanks James
CMSB does not have any trade receivables or high inventory like Serbadk. In fact CMSB is appointing KPMB to investigate the said malpractice by its financial official.
CMS Q1 operating profit 52.5mil. JV&associates contributed another 37mil. James should mention these geese that lay golden eggs. CMS can leverage on profitable companies that want to cari makan in Sarawak.
Too dumb to think CMSB is another Serbadk. One of CMSB major shareholder is Sarawak government not Karim la. If too scared then don't buy, nobody force you to buy @chkhooju
What need to done now is kick out all the parasites in the company. Appointing Kpgm to do the house cleaning process is a good move. Market should welcome the action.
If further investigation unveiled some key personnels wrong doings does it cause any loss? No. All losses are realised loss. The only harm to the company is ESG down grading.
The group operates ferroalloy smelters and manganese sintering facilities in Sarawak, Malaysia, via a joint venture with Samalaju Industries Sdn Bhd, a subsidiary of Cahya Mata Sarawak Bhd, and in Qinzhou, China.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Needluck
514 posts
Posted by Needluck > 2021-06-25 16:54 | Report Abuse
looks like might go below 1.00...