SARAWAK CONSOLIDATED IND BHD

KLSE (MYR): SCIB (9237)

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Last Price

0.25

Today's Change

+0.005 (2.04%)

Day's Change

0.25 - 0.255

Trading Volume

1,445,500


8 people like this.

23,356 comment(s). Last comment by Eagle77 1 day ago

muhfiq

759 posts

Posted by muhfiq > 2021-12-13 12:24 | Report Abuse

To the announcement

This is the main part

Should act now

Posted by Cyber_moneyman > 2021-12-13 13:23 | Report Abuse

Hopefully they will sunmit their QR soon and resume trading.

Posted by Cyber_moneyman > 2021-12-13 13:24 | Report Abuse

Imagine if GPS win big this weekend. Sure meletup this counter

Posted by treatshijau > 2021-12-13 14:56 | Report Abuse

election will boost them
also might help in long term
wish the best

Posted by treatshijau > 2021-12-13 14:57 | Report Abuse

best scenario
but need to see other angle
maybe have the domino effect

Posted by alieyasmart > 2021-12-13 19:52 | Report Abuse

Election is just around the corner

Posted by treatshijau > Dec 13, 2021 2:56 PM | Report Abuse

election will boost them
also might help in long term
wish the best

Posted by kamirise360 > 2021-12-13 20:06 | Report Abuse

Tomorrow they will debate about Sabah and Sarawak in Parliament.

They want equal rights same like Peninsular

shybutter

624 posts

Posted by shybutter > 2021-12-13 20:34 | Report Abuse

But it will depend on SD situation too right?

Posted by Cyber_moneyman > Dec 13, 2021 1:23 PM | Report Abuse

Hopefully they will sunmit their QR soon and resume trading.

shybutter

624 posts

Posted by shybutter > 2021-12-13 20:35 | Report Abuse

Or is it if they manage to settle their own QR, already settle and the suspension can be uplifted eventhough SD still not settle?

Just wondering

Posted by hijau belalang > 2021-12-14 08:08 | Report Abuse

hi
new day
will see something new?

amirf1221

768 posts

Posted by amirf1221 > 2021-12-14 08:15 | Report Abuse

Need faster action
Resume as before

Posted by InsiderShark > 2021-12-14 08:34 | Report Abuse

#TangkapKarim

We need to organize a protest outside of Serba's Shah Alam office.

krish52

257 posts

Posted by krish52 > 2021-12-14 08:43 | Report Abuse

in malaysia the culprits know in and out formula to deceive the rule of laws and enjoy themselves with any ill-gotten wealth. only god has to punish them.

amirf1221

768 posts

Posted by amirf1221 > 2021-12-14 08:45 | Report Abuse

Need more than that
Wait for after election?
Wink wink

Posted by hijau belalang > 2021-12-14 10:20 | Report Abuse

we maybe can talk
but the real issues still hovering around

IdleMoney66

1,203 posts

Posted by IdleMoney66 > 2021-12-14 10:27 | Report Abuse

I hope Karim resign SCIB position too

Posted by neouslaughter > 2021-12-14 10:40 | Report Abuse

karim should resign like kpower?

Posted by NatsukoMishima > 2021-12-14 10:43 | Report Abuse

KUALA LUMPUR (Dec 14): Fitch Ratings has downgraded Malaysia-based energy service provider Serba Dinamik Holdings Bhd's long-term issuer default rating to "RD" (restricted default) from "C".

In a statement on Monday (Dec 13), Fitch said the downgrade follows the expiry of the 30-day grace period after the non-payment of the coupon on the group's US$222 million (about RM939.35 million) senior unsecured sukuk due in 2022.

It said potential cross-acceleration clauses in its other debt may be triggered by the non-payment of the 2022 notes.

“The 'RD' rating indicates an issuer that in Fitch's opinion has experienced an uncured payment default, but has not entered into bankruptcy filings and has not ceased operating,” it said.

At the same time, Fitch affirmed the ratings of the May 2022 sukuk issued by SD International Sukuk Ltd and the sukuk due March 2025 issued by SD International Sukuk II Ltd at "C", with the recovery rating remaining at "RR4".

Prudentinv

226 posts

Posted by Prudentinv > 2021-12-14 12:12 | Report Abuse

KUALA LUMPUR (Dec 13): Serba Dinamik Holdings Bhd (Serba Dinamik) on Monday (Dec 13) said it has yet to receive any notice of default in response to its outstanding US$222 million sukuk.

Prudentinv

226 posts

Posted by Prudentinv > 2021-12-14 12:20 | Report Abuse

News keep spreading on the default of payment but the owner of bond holder did not give them notice of default. Do you notice this?

sparrow

46 posts

Posted by sparrow > 2021-12-14 12:25 | Report Abuse

if serba has made the payment, they would have announced that coupon payment has been made, but instead serba said "it has yet to receive any notice of default in response", meaning that serba has already defaulted the payment, but haven't receive the notice YET, the notice will come sooner or later.

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Posted by Prudentinv > Dec 14, 2021 12:20 PM | Report Abuse

News keep spreading on the default of payment but the owner of bond holder did not give them notice of default. Do you notice this?

imvu

7,888 posts

Posted by imvu > 2021-12-14 12:32 | Report Abuse

nanti scib-wb open open limit up , 200% untung .

newtrader1989

1,429 posts

Posted by newtrader1989 > 2021-12-14 12:43 | Report Abuse

Konrim please resign from scib before suspension uplifted. Thanks

birdparadise

1,468 posts

Posted by birdparadise > 2021-12-14 12:44 |

Post removed.Why?

getingreal

405 posts

Posted by getingreal > 2021-12-14 12:47 | Report Abuse

SD Bond holders are investment syndicates and banks. The interest is in default (about 7 million) small money to them, however if they give notice of default they will need to record the default of the interest plus the entire Bond principle sums (over 1.4Bil), no small sum. They may choose to hold off till after the end of the year reporting cooking their own books to make their books look better than they are. Also, they may choose to leave it till after Christmas, a big mess best left till after end of year bonuses have been paid and after holidays have been enjoyed.

Bren21

182 posts

Posted by Bren21 > 2021-12-14 13:02 | Report Abuse

imvu...u are a very optimistic person...everytime i see your post anywhere in I3 forum even when counters are down is always with a bit of hope. CHEERS WAY TO GO !!

muhfiq

759 posts

Posted by muhfiq > 2021-12-14 15:02 | Report Abuse

Keep moving
This is the way forward

muhfiq

759 posts

Posted by muhfiq > 2021-12-14 15:44 | Report Abuse

Want to see next plan

How will it be?

Posted by treatshijau > 2021-12-14 16:21 | Report Abuse

must wait some more?
or is it just another delay tactic?
will know soon

Posted by treatshijau > 2021-12-14 16:26 | Report Abuse

long time already
how long will it take?
must have thorough explanation by now

Posted by treatshijau > 2021-12-14 16:54 | Report Abuse

wonder the next step
but not much for today
see you tomorrow

Posted by alieyasmart > 2021-12-14 22:40 | Report Abuse

Moving like Kpower

Posted by muhfiq > Dec 14, 2021 3:02 PM | Report Abuse

Keep moving
This is the way forward

Posted by kamirise360 > 2021-12-14 22:44 | Report Abuse

Currently just follow other counters

Posted by muhfiq > Dec 14, 2021 3:02 PM | Report Abuse

Keep moving
This is the way forward

shybutter

624 posts

Posted by shybutter > 2021-12-14 23:12 | Report Abuse

If SD can settle the loan and also audit reports, sure they can be better than Kpower

Posted by alieyasmart > Dec 14, 2021 10:40 PM | Report Abuse

Moving like Kpower

Posted by muhfiq > Dec 14, 2021 3:02 PM | Report Abuse

Keep moving
This is the way forward

amirf1221

768 posts

Posted by amirf1221 > 2021-12-15 09:41 | Report Abuse

Some might target other action
But keep improving

amirf1221

768 posts

Posted by amirf1221 > 2021-12-15 10:16 | Report Abuse

The best part still not happen yet
Wait for it
Sure will excite more people

muhfiq

759 posts

Posted by muhfiq > 2021-12-15 10:45 | Report Abuse

How about now?

Still no update?

Or wait the other time?

muhfiq

759 posts

Posted by muhfiq > 2021-12-15 10:46 | Report Abuse

Wait for election to conclude first?

Will it be that way?

Posted by treatshijau > 2021-12-15 12:42 | Report Abuse

need to release now
the longer delay, the worse
trust is important

Posted by treatshijau > 2021-12-15 14:47 | Report Abuse

longer saga?
will reveal soon
the best chance is now

Posted by hijau belalang > 2021-12-15 16:55 | Report Abuse

push for another day
let see how
maybe have the decision

shybutter

624 posts

Posted by shybutter > 2021-12-15 17:09 | Report Abuse

The best part is yet to come

Posted by amirf1221 > Dec 15, 2021 10:16 AM | Report Abuse

The best part still not happen yet
Wait for it
Sure will excite more people

Posted by kamirise360 > 2021-12-15 17:19 | Report Abuse

Sarawak's election coming soon.

The early votes has done

Posted by hijau belalang > 2021-12-15 17:21 | Report Abuse

wait for another day
maybe have progress

Posted by alieyasmart > 2021-12-15 18:21 | Report Abuse

Just wait for next year only.

The counter still frozen now.

Posted by hijau belalang > Dec 15, 2021 5:21 PM | Report Abuse

wait for another day
maybe have progress

muhfiq

759 posts

Posted by muhfiq > 2021-12-16 10:16 | Report Abuse

With the latest news, how about this one?

No announcement?

amirf1221

768 posts

Posted by amirf1221 > 2021-12-16 10:39 | Report Abuse

Can say that the wait almost over
What's next?

Posted by treatshijau > 2021-12-16 11:34 | Report Abuse

will the latest news be updated today?
or will take longer time

Posted by treatshijau > 2021-12-16 11:54 | Report Abuse

something to cover up?
delay tactic?
seems familiar

Posted by hijau belalang > 2021-12-16 15:43 | Report Abuse

how is the progress now?
will have more time?

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