Highlights

Bursa Master

Author: BURSAMASTER   |   Latest post: Wed, 30 Jun 2021, 10:13 PM

 

SERBADK - WILL IT BE BETTER TO STAY OUT???!!!!

Author: BURSAMASTER   |  Publish date: Wed, 30 Jun 2021, 10:13 PM


SERBADK.... I m staying out as i believe All local & foreign funds
 
will be selling their holdings until the problems sorted out.
 

EPF ceases to be substantial shareholder in Serba Dinamik

TheEdge Wed, Jun 30, 2021 07:11pm - 2 hours ago View Original


KUALA LUMPUR (June 30): The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in Serba Dinamik Holdings Bhd, after selling another 96 million shares or 2.57% in the oil and gas services group on June 25.

The shares were sold in the open market, Serba Dinamik said in a stock exchange filing.

A back-of-the-envelope calculation shows that the latest transaction leaves EPF with 185.08 million Serba Dinamik shares or just under 5% in the group.

EPF is the second and the remaining institutional fund to cease as a substantial shareholder in Serba Dinamik. On June 1, Kumpulan Wang Persaraan (KWAP) disposed of 26.03 million shares to reduce its stake to 4.53%, from 5.24% previously.

EPF, which held over 10% in Serba Dinamik previously, started paring its stake after the group notified Bursa Malaysia of certain audit issues raised by former external auditor KPMG involving bills and transactions worth over RM4 billion.

In a related development, Serba Dinamik’s largest shareholder and group CEO Datuk Mohd Abdul Karim Abdullah was forced to pare his stake in the group for the first time since the audit issue arose in late May.

The group’s filing showed that Abdul Karim sold 46.3 million shares or 1.2% in the group on June 28, citing force-selling as the reason for the disposal.

The sale leaves Abdul Karim with 957.76 million shares, representing a 25.8% stake in the group, the filing showed.

Similarly co-founder and non-independent director Datuk Awang Daud Awang Putera was also forced to sell 26.95 million shares or a 0.7% stake between June 28 and today, leaving him with 25.43 million shares or a 0.68% stake. 

The disagreement by Serba Dinamik on how KPMG addressed the audit findings caused friction between the two parties, which escalated into an investigation by the Securities Commission, a civil suit filed by Serba Dinamik against the auditor, and mass resignation of Serba Dinamik independent directors.

KPMG, too, eventually resigned, citing conflict of interest in completing the audit. In the process, Serba Dinamik’s share price fell by nearly 80%.

Following instructions from regulators, the group is now in the midst of finalising Ernst & Young Consulting Sdn Bhd’s appointment as an independent reviewer by Friday (July 2) to review the veracity of the issues flagged by KPMG.

Today, shares of Serba Dinamik reversed earlier losses to close up one sen or 3.13% at 33 sen, valuing the group at RM1.21 billion.  

Trading volume slowed from recent weeks but Serba Dinamik remained the top active counter on Bursa Malaysia with 379.58 million shares traded — some 2.5 times its 60-day average of 147.15 million shar

 
 
 
 
https://www.klsescreener.com/v2/news/view/848469
 
Regards
BURSAMASTER
 
 
  LimitUp likes this.
 

MAG - COULD SOMETHING BE COOKING FOR THIS COUNTER ???? !!!!

Author: BURSAMASTER   |  Publish date: Sat, 16 Jan 2021, 1:02 PM


MAG  &  MAG-WB   :   COULD SOMETHING BE

COOKING FOR THIS COUNTER ???? !!!!

 

MAG HOLDINGS BERHAD  (MAG - Stock Code 0095,

Consumer Products & Services, ACE Market)

I WISH TO SHARE MY OBSERVATION ON MAG & MAG-

WB AS I NOTICED SUDDEN INCREASE IN VOLUME &

PRICE TOWARDS YESTERDAY, 15-JAN-2021 CLOSING.

THE SUUDEN INTEREST BY MARKET PLAYERS DURING A

VERY LETHARGIC, POOR MARKET SENTIMENTS CAUGHT

MY EYES.

COULD SOMETHING BE COOKING FOR THIS

COUNTER ?

BASIC INFORMATION ABOUT MAG HOLDINGS BERHAD

MAG Holdings Berhad, a Malaysia based investment holding company, with wholly owned subsidiaries in Malaysia, Australia, the United States, Canada, Brunei, Philippines and Hong Kong. It provides wholesale and retail telecommunications services and long distance services to telecommunication companies, as well as to corporate and individual subscribers. The company also provides support services to telecommunication companies, as well as offers prepaid calling cards. In addition, it operates a telecommunications call center. The company is headquartered in Kuala Lumpur, Malaysia.

MAG had completed their purchase of XW Aquaculture Sdn Bhd on 12 December 2019 which starts their foray on diversification into Prawn Aquaculture.

Wakuba farm at Kampung Wakuba, Tawau Sabah – 102 shrimp ponds at 97.90 hectares site. Own and operate by XW Aquaculture Sdn Bhd, a wholly owned subsidiary of MAG Holdings Berhad. Kampung Wakuba is well known for its pristine waters ideal for producing outstanding quality shrimps. We culture mainly Vannamei shrimps in a non-pesticidal cured marine ponds as our fresh shrimp product.

Sectors: Consumer Products, Penny Stocks, Telco, Consumer Products & Services, Food & Beverages, Newly Classified Shariah-Compliant Securities

 

Market Capitalization : RM 147 million

Shares Float : 682 million

NTA : 0.75 (Currently trading at 71% discount to NTA

Website :  https://magholdings.com.my/

 

prawn-aquaculture-03

 

 

 

Related Links:

 

https://klse.i3investor.com/blogs/rhbresearch/2020-11-24-story-h1536586787-Trading_Stocks_MAG_Holdings.jsp

1. IMPROVING QUARTER RESULTS  TRENDS AFTER diversification into Prawn Aquaculture

MAG  has announced on Friday, 27 November 2020 An impressive increased of 188.6% in PAT  YoY  & 228.56% QoQ.

 

 

 

 

 

 

 

CONCLUSION

Considering all the above, I gather that current price for MAG & MAG-WB is attractive due to:

i) Improving QR prospects AFTER diversification into Prawn

Aquaculture ;  food stocks should recover strongly from the

pandemic COVID19 going forward

ii) MAG share price is currently trading at discount of 71% to its

NTA OF 0.75.

iii) MAG closed last Friday at 0.205 whilst MAG-WB closed at 0.055.

iii) Gann Support (EP/CL): 0.19/0.17 | Resistance (TP): 0.21/0.23

(from i-SAHAM)

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THIS WEEK FORBEARING ANY GOOD CORPORATE NEWS.

 

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

 

 

 
 
 
  chanph likes this.
 
mbbx6sm3 Bursamaster conmaster shout already. Careful.
16/01/2021 5:50 PM
Citadel00 dun post stuoud post la want people buy Ur tickets is it
16/01/2021 5:54 PM
greedy44444 So good why don't you buy alone quietly ? Doing charity here ? No thanks !
17/01/2021 1:19 AM
lavenderong they collect the shares, then write an article. The moment u buy, they start selling. I have heard analysts say this. The moment one share recommended, it goes up. So they buy lst.
18/01/2021 8:40 AM

DRB & MCEHLDG : THESE TWO COMPANIES SHOULD CORRELATE WITH EACH OTHER IN THE AUTOMOTIVE THEME PLAY!!!

Author: BURSAMASTER   |  Publish date: Tue, 29 Dec 2020, 9:16 PM


THESE TWO COMPANIES SHOULD CORRELATE WITH EACH

OTHER IN THE AUTOMOTIVE THEME PLAY!!!

 

THE TWO COMPANIES IN QUESTION ARE DRBHCOM &

MCEHLDG.

LATEST NEWS LINKS:

AmInvestment Research said in a report that the automotive sector’s total industry volume (TIV) is forecast to grow 12% year-on-year to 560,000 units in 2021, premised on projected economic growth of 6.5% to 7% in 2021.

 

PETALING JAYA: New vehicle sales are expected to pick up significantly next year due to economic recovery post-pandemic, improved consumer spending and new car model launches, according to research analysts.....for more Click the Link below.

 

https://www.klsescreener.com/v2/news/view/771497

 

 

Government extends SST exemption period to June 30, 2021 – 100% on new CKD cars, 50% for CBU

 

 / 10 comments

 

https://paultan.org/2020/12/29/government-malaysia-extends-sst-exemption-period-to-june-30-2021/