More drama for Serba holders :

Former Serba audit committee chairman charged in court

SERBA Dinamik Holding Bhd’s former senior independent non-executive director (INED) Hasman Yusri Yusoff was charged in the Magistrate’s Court in Jalan Duta, Kuala Lumpur yesterday (July 26) for criminal intimidation.

Hasman, 60, who was also the former audit and risk committee (ARC) chairman of the global integrated oil & gas (O&G) outfit was charged under Section 507 of the Penal Code for threatening to cause physical harm to a fellow board member – an act which provides for a maximum of two years’ imprisonment or a fine, or both, upon conviction.

A former partner at KPMG Malaysia prior to his retirement in December 2015, Hasman who was appointed to the Serba Dinamik Board on November 16, 2016 resigned on June 24 alongside four other INEDs, citing “differences in opinion with the decisions made by the board which in his view are not to the best interest of the company”.

The four INEDs who resigned en masse together with Hasman were Tengku Datuk Seri Hasmuddin Tengku Othman, 59; Rozilawati Basir, 50; Sharifah Irina Syed Ahmad Radzi, 44; and newly appointed Masleena Zaid.

Hasman is also one of the defendants among the 44 KPMG partners in the 1Malaysia Development Bhd (1MDB) legal suit filed by the Ministry of Finance Inc (MOF Inc) and the Malaysian Government.

According to his profile in Serba Dinamik’s Annual Report 2019, Hasman is a member of the Malaysian Institute of Accountants (MIA) and a fellow of the Association of Chartered Certified Accountants (ACCA).

He also holds a Postgraduate Diploma in Islamic Studies from International Islamic University Malaysia.

Hasman joined KPMG in 1999 as a director in the assurance and audit division before becoming a principal with the assurance division in October 2001.

Prior to KPMG, he was with the Petronas group of companies for 10 years from 1984 to 1994, holding various positions in the group. Thereafter, he joined Malakoff Bhd for four years from 1995 to 1999 as the general manager (finance).

His experience in audit and commercial covers a wide range of industries including construction, property development, plantation, power generation and O&G. – July 27, 2021

I think gloves wise, Malaysia controlled over 50% of the global market thus there's will be some premium locked in for the achievement.

Tech wise is harder to understand. Yes, semiconductor is really on a high right now but what Malaysia players have been doing are mostly low margins section of it. Although there's huge potential to grow, just the EPS alone left a lot to be desired for the PER they command. Not to mention there's a lot of competitions overseas for these low margins section. Personally I think semiconductor will normalise soon and maybe then we will see an increase in competitions for these low margins section which will be interesting going forward.

Semicon it self got a lot of sub-sector, some in equipment testing, some semi-part, some component manufacturers, some servicing.
Even workers inside don't know what their company producing, as they never see the complete parts and product.

But retailers most doesn't care, anything touch semicon, EV now like gold across. PS: Gold is not a good word now, dropping a lot. 

You tell that to those who invested in Inari and vitrox 8 years ago. They will laugh at your statement

They are also trading more than 30X PE. What had they become?

It will likely take a few days to convince h.m who has the backing of the majority of mp.