1. First, without knowing other people entry price labelling them as unimaginable entry price is childish
2. Secondly you are suffering from mental issue as seeing others suffer will excite you

Everyone has a different investment strategy and risk tolerance. Celebrating someone else's financial misfortune says more about your character than it does about their investing skills! !

Serba 2.0??? Let me refresh you with the analysis of Serba Dinamik down fall instead of being a loose canon said whatever you wish that bear so similarity with Bauto and cast yourself as being a fool ya

The drastic decline and eventual collapse of Serba Dinamik Holdings Berhad's stock price is a classic case study in corporate governance failure and one of the most significant scandals in Malaysia's financial market history.

The downfall was not due to a single reason but a cascade of events triggered by a fundamental issue: questions about the veracity of its financial statements.

Here are the key reasons, broken down chronologically and thematically:

1. The Immediate Trigger: The Audit Controversy (May 2021)

· Whistleblower Report & KPMG's Red Flags: The crisis began when the company's external auditor, KPMG, raised numerous red flags after investigating a whistleblower report. KPMG could not verify the existence and authenticity of transactions amounting to billions of ringgit.
· Key Areas of Doubt: The major issues identified were:
· Sales Transactions: Questionable sales figures to customers, suggesting they might be inflated or non-existent.
· Trade Receivables: Difficulty confirming money owed to the company by these customers.
· Plant, Property & Equipment (PPE): Questions about the existence and value of assets listed on the company's books.
· Boardroom Battle: Instead of addressing the concerns, Serba Dinamik's management, led by CEO Datuk Dr. Mohd Abdul Karim Abdullah, turned on KPMG. They applied to the court to remove KPMG as auditors and sued them for negligence, creating a major governance red flag.

2. Deep-Rooted Causes: Corporate Governance Failures

This audit dispute revealed severe underlying governance problems:

· Dismissal of Regulators: The company's aggressive stance against its own auditor and later against the Securities Commission Malaysia (SC) eroded investor confidence entirely. It signaled a management unwilling to be transparent.
· Board and Management Issues: Key independent directors resigned en masse, citing a lack of cooperation and information from management. This exodus was a clear sign of internal dysfunction.
· Appointment of a "Special Auditor": To investigate, the company appointed Ernst & Young Consulting Sdn Bhd (EY) as a "special independent reviewer." Their findings, though limited in scope, confirmed many of KPMG's concerns, revealing that many documents related to the questionable transactions were missing or inaccessible.

3. Regulatory and Exchange Intervention

· Suspension and Classification: Bursa Malaysia suspended trading of Serba Dinamik's shares multiple times. The stock was eventually classified as a PN17 status company. This is a designation for financially distressed companies, forcing them to submit a regularisation plan to avoid delisting.
· Investigation by Authorities: The Securities Commission Malaysia (SC) launched a formal investigation into the company for possible breaches of securities laws.
· Legal Action Against Executives: In March 2023, the SC charged Serba Dinamik and four of its top executives, including the CEO and CFO, with furnishing false statements to Bursa Malaysia. This was the culmination of the regulatory probe and a fatal blow to the company's credibility.

4. Financial and Operational Collapse

· Default on Debts: With its credibility shattered, the company could not secure new funding or business. It began defaulting on its multi-billion ringgit debts owed to local and international banks.
· Liquidation of Assets: Lenders began seizing and selling off the company's assets to recover their loans.
· Failed Regularisation Plan: The company failed to submit a viable plan to regularise its financial condition, a requirement to lift its PN17 status.

5. The Final Blow: Delisting

After failing to meet multiple deadlines and requirements set by Bursa Malaysia, Serba Dinamik was delisted from the Main Market of Bursa Malaysia on January 5, 2024. Its shares are now worthless, and retail investors who held the stock lost their entire investment.

In summary, the stock's fall was due to: A whistleblower report that exposed potential accounting fraud → which led to a fight with the auditor instead of transparency → revealing catastrophic corporate governance failures → triggering regulatory action and a PN17 status → causing a liquidity crisis and debt defaults → culminating in delisting and a total loss of shareholder value. The core reason was a severe breach of trust in the company's reported financial health.

Today is a month end rebalancing day not the shorting day ya

In the 4 phases of valuation over time is it not that we should buy when it is at the blown off phase where the reward outweighs the risk as long as the management is honest and company is sound? Yes I will buy in Bauto when there is despair and fear at the moment

Relax lah for sure Bauto management and major stakeholders have their own vision and mission where we ordinary shareholders wouldn’t envisage that is the reasons why they are the founding owners whereas we are just an ordinary shareholders who are scared by the share price movement instead of the potential value in the locomotive industry via Bauto waiting to be unlock ya

I can assure you Harta will definitely initiate share buy back after the AGM on 3rd Sept 25, you mark my words ya

AGM is coming let me see if I can propose you to replace Tan Sri to become the CEO to steer Bauto forward to overtake MBMR and Sime auto ya.

What Dato’ Sri Ben Yeoh typically says about the Malaysian automotive sector is that it is promising but faces significant headwinds. His commentary is characterized by a balanced, business-focused perspective that highlights:

· Strength in resilient consumer demand.
· Major challenges from currency exchange rates and inflation.
· A practical, step-by-step approach to electrification, favoring PHEVs in the short term.
· A strategy of growth through portfolio expansion and local assembly.

You can find his direct quotes in the business sections of major Malaysian news outlets like The Star, The Edge Malaysia, and Bernama, especially during Bermaz's quarterly financial result announcements or new model launches.

A share buyback is a tool. Like any tool, its value depends on how it's used.

· A "good" buyback is executed by a company with ample cash, whose stock is undervalued, and which lacks superior investment opportunities within its own business. It is a shareholder-friendly policy.

· A "bad" buyback is executed by a company that is overvalued, uses debt it can't afford, and does so to mask operational problems or enrich executives at the expense of long-term company health.

If Harta initiate share buy back at this point of time it will benefit the shareholders

Come on Harta management, quickly initiate share buy back as show of support to the business moving forward