sandy roxy's comment on SERBADK. All Comments

sandy roxy
23 Like · Reply
Since Serba can report a profit under the audit of new auditor. I believe there is already obvious light at the end of the tunnel.
Hong Yong Lee
Yes, you got the point. I believe the QR is real this time and so are the previous QRs
1 Like · 7 months · translate
sandy roxy
This lower profit is under the strict scrutiny of f Nexia SSY auditor. I am sure the new auditor will be very strict to make sure that whatever KPMG highlighted items are all well justified and any questionable items will do provision to writeoff or write down.

Hence, SD is now cleaner than most other listed company.

With the write off and impairment and is still profitable. This is consider a good QR .

Hence, limited downside. High potential upside.
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6 Like · 7 months · translate
Loh YY
Meaning can buy sd still?
1 Like · 7 months · translate
Chan WaiLoon
yes absolutely correct
1 Like · 7 months · translate
Yeoh Chang Hup
lowest liaw...Opening ..n future ..sure Better.. Covid WILL subside..too
3 Like · 7 months · translate
Yz Hoo
Sure or not... Revenue & profit good, doesnt make it a good company leh.
Bad Cash flow & high debt will kill t
1 Like · 7 months · translate
Benny Lau
Haha. May be they just buy in.
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Eason
obviously you are so naive
2 Like · 7 months · translate
Harry ENG
This auditor alot of scam news
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Ian ou yang
Tell me, which auditor x ada scam news?
1 Like · 7 months · translate
CHI LONG QUA
currently testing 305, wow, looking hot
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Alfonso Yeoh
133.7M versus 14.9M (profit) for 1Q - 20 versus 21 , almost same t/over amount , something is at amiss
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sandy roxy
@Alfonso, the key difference is in the lower GP margin of 11.3%. 11.3% is still reasonable. The problem is in the "Corporate expenses and consolidation elimination amounted to RM121mil. I believe something have to be done to reduce this.
1 Like · 7 months · translate
sandy roxy
I personally think, Serba is moving forward now. They just have to deliver the result now.

Karim starts to buy back. Good sign of confidence with investing further. He shows his confident by putting his $$ in.
2 Like · 7 months · translate
Light Shine
After so long, finally got someone like sandy who post something quite meaningful. Just 2 news you need to wait now.
2 Like · 7 months · translate
sandy roxy
Light, in risk management, we study the potential upside or downside. The catastrophic situation (mean like Enron) is definitely not there now. But the price have drop from this yr high of RM2.09 to RM0.305 (85% drop). To me this drop is considering overdone.

The potential upside is huge. Just be going back to RM0.60 is about 100% gain.
What if RM1?
If it drop to RM0.20 whereby it is no likely, is about 33% drop.
Conclusion, I am betting on 100% upside with a unlikely lower 33% drop.
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1 Like · 7 months · translate
sandy roxy
That is a good start today. This is showing confidence is coming back for Serba.
1 Like · 7 months · translate
Yeoh Chang Hup
yup. sandy...China s Evergrande..episode. .mco. .immobility.
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Yeoh Chang Hup
all factored..now opening of evonomy..covid numbers down fast..OIL IS STILL KING...driver of economic growth. .Sure better qtr...
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Chan WaiLoon
yup absolutely correct and we must think positively
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sandy roxy
@Jau, we can only tell you the sky is clear and blue. You have to decide will it rain. There is no absolute in this world.
1 Like · 7 months · translate
SaraH CM
Finally got someone like sandy giving a good point ! Not just like other come out yells the sky gonna drop ! As I said , the one that start buying now is the one that know the risk , of coz they have they own thought ! Keep arguing doesn’t make the thing comes better ! Do ur own risk management !
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5 Like · 7 months · translate
Yz Hoo
Wish such bad cash flow and trade receivables, I still think the risk is high. Maybe good for short-term trading for bad for long-term investment as of now.
1 Like · 7 months · translate
Abe T
I'm just happy can buy at 0.305 again. hopefully Karim give support.. lol
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sandy roxy
Karim is buying back shares after market. A good sign for today.
2 Like · 7 months · translate
Lumbrusco Haw
dun come out con ppl la, I dunno what is your motive, but if you keep on doing this, your will give birth to a child without backside....
2 Like · 7 months · translate
koo kelvin
where did you get the source that karim is buying?
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快乐衰神
koo~pls learn how to read announcement
5 Like · 7 months · translate
sandy roxy
Koo, Karim buy back share information is in the Announcement Section.
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koo kelvin
Thanks guys for the heads up!
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sandy roxy
Today should be a good day for Serba. World squeeze on energy and rise in USA and European share.
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Edmund M
Another Sapura Energy in the making.
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Yz Hoo
sandy roxy
Rise in USA and EU share is just a temporarily rebound after consecutive days of losses. hahaha. Coming nxt few weeks, we still have many events that may shake the market, e.g. release of Fed FOMC meeting minutes, US Payroll data, imminent Bond Tapering,...

Im nt saying market will be bearish forever, but at least recent weeks, stocks will still see some pressure
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Like · 7 months · translate
sandy roxy
Hoo, you are right. Stock market is just always as challenging. Never stay constant. Important is to stay on top of the risk and opportunity and ride on them. Cheers!
1 Like · 7 months · translate
Yeoh Chang Hup
$80oil..shortage . think
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Light Shine
Keep it low sandy n yeoh. Don't post everyday. Big sharks satisfy dy only can up.
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Light Shine
Let the 5 sen and 10 sen people post can dy
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Yeoh Chang Hup
haha..nothing to do...
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Chong Bing Hou
Most of you here have forgotten something... The latest QR is still categorised as 'have not been audited', this means the QR is released by the company itself, it is different from an AR/ SIR which is audited by an assigned external audit firm... Hope you guys are aware of it

Good luck, and all the best
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Like · 7 months · translate
欢喜哥
No offence here. actually u guys know QR normally is not audited, only AR audited?
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Chong Bing Hou
欢喜 Of course, if the company can release their AR annually on time.. There is no problem for that
Like · 7 months · translate
sandy roxy
Exactly, that is why I believe last QR result SB has a lot of freedom to do a lot of write down & provision to make sure that the SIR report will be clean.

With this the following qtr could be normalise back. These are all speculation.
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2 Like · 7 months · translate
Chong Bing Hou
欢喜哥 每个人的 Risk and reward ratio 不一样, 不过对于我来说.. AR / SIR 一天不出, Serba 是很难从审计疑云走出来的... 毕竟AR也是用来audit 公司一年下来所released 的QR 的真实性

So, my advice is...be more caution
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Hong Yong Lee
即使账目疑云还不明朗 但是看到老板自己加票 已经很明确了。要是有问题应该会跑路 而不是真金白银丢进大海吧。
3 Like · 7 months · translate
Chong Chong
yes. i am waiting at 0.450.
1 Like · 7 months · translate
Chan WaiLoon
Be patient and i m waiting at 0.7
1 Like · 7 months · translate
Chong Bing Hou
Hong Yong, 你说的有你的道理, 不过也不排除有其它可能性.. 要明白SBB这个东西很多时候是公司用来扶持公司股价用的 (就好比Topglove, Harta等等), 当然老板是最懂audit 进展的人,也可能像你说的已经明朗化.. 不过他真正意图, 也只有他懂 XD

No buy / sell call, 祝大家投资愉快
2 Like · 7 months · translate
jj jjpaano
SBB对手套股不起作用是因为他们在高位,前景有疫苗和中国也加入, 利润下降 ,还是回到了价值概念 ,所以SBB 是不能让人信服的 。
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Abe T
coming over to u guys from 31 cents..
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Yeoh Chang Hup
after SIR.Double in price. .Need transparency. .Institution s will come in again...small investors CANT move markets
1 Like · 7 months · translate
Wayne Wong
Kuen, no matter the report is audited or not, this is not the concern, imagine if u r under investigation, will u dare to go commit another crime ? no logic what
2 Like · 7 months · translate
wen tan cheah
Soon drop to 2 cents? Stupid thinking!ha ha .....
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Yeoh Chang Hup
i WAS right..always right...now to 0.60 cts...anyone?
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sandy roxy
Wayne, you are right! Like thinkers. Cheers!
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Arman Hashim
PN 17 ……… ?
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Yeoh Chang Hup
Arman. .you high on ketum or what...?..Chairman n MD buying. .n buying..If i GOT 1 BILLION..I ll buy all ...serious ..Once in a lifetime cheapest sale...
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Lumbrusco Haw
Yeoh, what weed u smoke? bcause u suka gamble , thats why u dont have 1B and you're not going to have it one fine day in future bcause u are just a gambler, either all in or pergi holland..... A gambler like u will never have more than 500k assets on hand... mark my word
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Yeoh Chang Hup
haha....holiday spirit la....weekend..
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Abe T
let it be la.. see chart pattern enough liaw.. no need to be haters.. shark push also see chart pattern ma.. although Monday may be questionable if can fly or not since no tail on top the candle. lol
1 Like · 7 months · translate
Yz Hoo
back to the fundamental question. If you think SERBADK is a good company, on what basis? Fundamentally strong for long-term investment? Or strong for short-term trading only? I only agree with the latter.
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Abe T
lol... this is cyclical stock leh. at most mid term ler..
1 Like · 7 months · translate
sandy roxy
Serba's prospect:-
1. Short Term - good return as is currently undervalued and owner's confidence in the company. Also EY's SIR report coming out soon.
2. Mid & Long Term - depend on Oil price
and renewable energy sector expansion.
1 Like · 7 months · translate
Yeoh Chang Hup
Sandy:..short n mid term ..looks Very good..Is $1 T.p..too little to project For Valuation? Mind you..no losses..future potentials high..Abe..cyclical meaning oil is high in price/barrel n shortages now. Buy!
Like · 7 months · translate
Yz Hoo
For long term investment, serba's cash flow from operating activities is almost the worst. Revenue high but cash dapat sikit je. Almost relying on financing activities to fund its daily operation. Is it really good enough? This problem has persisted for long.
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Like · 7 months · translate
Yeoh Chang Hup
i think oil n gas industries..is not like retail ..cash..This industry needs time..on going projects. .tens of billions in the pipeline..Oil IS KING NOW. .i.e post pandemic..Super prospects. .
Like · 7 months · translate
sandy roxy
Serba's current cash can be increased by
1. reducing the inventory of RM2.1 bil,
2. reducing the trade receivable of RM1.9 bil.

At least the current asset is RM5.5 bil.
and current liabilities is RM2.2 bil.
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2 Like · 7 months · translate
sandy roxy
Kuen, since 2 groups of auditor is at Serba, i.e. EY and Nexia SSY. I believe the QR is more prudent. Should have a lot of provision and writedown (be it cost or revenue) to make sure that EY's SIR report is showing positive report.

This are just my view. only time can tell what is right.
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1 Like · 7 months · translate
Yeoh Chang Hup
sandy.you sound professional.i agree with you. SD assets $8billion plus..
1 Like · 7 months · translate
Bon Bon Sin
他的inventory是commodity 所以inventory的价格应该更高 哈哈哈哈
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Harry ENG
Bon Bon Sin, inventory 再多也没用, cash 都烧光了, 这个分明是 sapura version 2, 唯一生路就是政府买RI出资救土著公司, 哈哈哈。。。。。
1 Like · 7 months · translate
Yz Hoo
Sandy, Yes, good ways to increase cash flow by reducing inventory & trade receivables. But these two items have been on the super high side too for long..hahah. They should have done it early if they want to win investors confidence
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Like · 7 months · translate
Yz Hoo
Yeoh Chang Hup, high commodity prices do not directly increase their revenue, Serbadk is not directly extracting or producing oil. The provide engineering services to support oil extraction & production. Oil price now is high due to its limited supply. When supply limited, production activities decrease, guess what then?? haha.
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2 Like · 7 months · translate
Yeoh Chang Hup
Hoo,Law of economics, ..there IS A STRONG correlation bet High Oil prices and corresponding oil related counters..ABSOLUTELY 100%..oil companies Will spend more to service equipments to raise productivity!
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Yz Hoo
Yeoh, to raise supply/productivity or not is decided by OPEC leh, not suka hati those companies. haha. But i dont disagree with u. Current oil supply is only temporary and can change anytime. What's important is that, Serbadk should decrease their trade receivable and increase cash flow, only value investors will have confidence in them in near term..
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1 Like · 7 months · translate
Yeoh Chang Hup
i think. .we can go run ...any BIG .CO's..haha
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sandy roxy
Hope those who have position in earlier will enjoy the ride today. Cheers!
4 Like · 7 months · translate
Lumbrusco Haw
HUT C-26 ALL IN JE HAHHAHAHAHA
1 Like · 7 months · translate
Yeoh Chang Hup
How?.Lumbrusco ..wah big time you..I was right .Bro. ...say sori haha. .i buy you beer.. .or you buy me...It WILL get better ok. .
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杨茗顺
Lumbro , 你真的很好笑咯。。。
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杨茗顺
跟大湿一样parttern,跌的时候损,起的时候说也有买 哈哈哈哈
3 Like · 7 months · translate
Yz Hoo
Sandy Roxy - still holding the stocks?? It's becoming worse...
Like · 5 months · translate
sandy roxy
Yeoh, still holding. There are unfavourable news by Bursa. Anyway, cannot do much as still suspended. Karim should gather all their form information and explain to the investor before submitting QR before lifting from Suspension.

I believe he should be preparing this now.
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1 Like · 5 months · translate
TW Ho
Privatisation is the only way to safe the company and shareholders. Depend on group decision now.
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Eason
positive thinking is good, but not blindly positive, anyway nothing u can do now, except praying to god
1 Like · 5 months · translate
Yz Hoo
Suspension really freeze all investor's action... no choice
Like · 5 months · translate
Yz Hoo
Serbadk entering PN17 soon..
Like · 4 months · translate