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Caution continues

At least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd. This means the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being. A source from RHB Investment told StarBiz that Serba Dinamik securities are considered as high-risk.
PETALING JAYA: After several rating downgrades and hitting limit-down for two consecutive days, at least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd
.
This means that the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being. ....

Malaysia General , Serba Dinamik , Davidw Berry , Datuk Abdul Kadier , Serba Dinamik Holdings Bhd , Islamic Commercial Papers Programme , Securities Commission , Malaysian Institute Of Corporate Governance , Malaysian Rating Corp Bhd , Term Notes Programme , Serba Dinamik Holdings , Rakuten Trade , Wesak Day , Islamic Medium Term Notes Programme , Malaysian Institute , Corporate Governance , Datuk Abdul Kadier Sahib , Corporate News , Credir Ratings , S Ampp Global Ratings , மலேசியா ஜநரல் , இஸ்லாமிய வணிகரீதியானது ஆவணங்கள் ப்ரோக்ராம் , பத்திரங்கள் தரகு , மலேசியன் நிறுவனம் ஆஃப் பெருநிறுவன ஆளுகை , மலேசியன் ரேடிஂக் கார்ப் ப்ட் , கால குறிப்புகள் ப்ரோக்ராம் ,

Serba Dinamik shares hit limit-down on audit issues

31 May 2021 / 22:58 H.
PETALING JAYA: Serba Dinamik Holdings Bhd shares hit limit-down in early trade today on resumption of trading following a two-day suspension after it was informed by its longstanding external auditor KPMG about issues pertaining to the statutory audit. At today’s close, the stock was down 29.81% or 48 sen to RM1.13 with 28.33 million shares changing hands. It was the top loser of the day on Bursa Malaysia.
The tumble in Serba Dinamik’s share prices came as analysts appear to be at odds over concerns about the reliability of the oil and gas service firm’s unaudited FY20 results. ....

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Newsbreak: SPAN approves Air Selangor's RM35.4 bil capex

SURUHANJAYA Perkhidmatan Air Negara (SPAN) is understood to have approved Air Selangor Sdn Bhd’s business plan, which entails the state-controlled entity undertaking a capital expenditure of RM35.4 billion over the next 30 years.
It is understood that the business plan, which was submitted to SPAN in December last year, had to be revised recently in October to account for the Covid-19 pandemic, and was approved on Nov 13.
Details of the revision, however, are not known. Some aspects of the capex are understood to have commenced in January this year, prior to SPAN’s approval. SPAN is the regulatory body for the water services industry. ....

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