Serba dinamik financial report

- A + A KUALA LUMPUR (May 25): Serba Dinamik Holdings Bhd group managing director (MD) and group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah has been forced to sell more shares — this round involving 16.99 million shares representing a 0.458% stake — in the troubled oil and gas outfit. The forced disposal of the shares was done in two blocks of 3.54 million and 13.45 million shares on Monday (May 23) and Tuesday (May 24) respectively, the company's bourse filings showed. The first block crossed at 12 sen apiece, while the second larger block was let go at 10.5 sen apiece. The transactions amounted to RM1.84 million. This latest round of forced selling has trimmed his stake in Serba Dinamik to 20.368% or 755.57 million shares. Prior to that, Mohd Abdul Karim held 772.57 million shares or 20.826% in Serba Dinamik — after he was forced to sell 5.15 million shares or 0.139% — at 15 sen a share on May 20. With the latest disposal, Mohd Abdul Karim has … [Read more...] about Serba Dinamik MD Abdul Karim forced to sell more shares

- A + A KUALA LUMPUR (May 26): Serba Dinamik Holdings Bhd was the top most active counter on Bursa Malaysia on Thursday morning (May 26) and its share price was up 20% or two sen to 12 sen. Trading volume stood at 68.2 million shares as at the time of writing. On Wednesday, Bursa filings showed that Serba Dinamik group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah had been forced to sell more shares in the company — this round involving 16.99 million shares representing a 0.458% stake. The filings showed that the forced disposal of the shares was done in two blocks of 3.54 million and 13.45 million shares on Monday and Tuesday respectively. The filings also showed that the latest round of forced selling trimmed his stake in Serba Dinamik to 20.368% or 755.57 million shares. A few weeks ago, Serba Dinamik and its four top executives that included Mohd Abdul Karim were given a discharge and acquittal after paying RM16 million in … [Read more...] about Serba Dinamik top active counter, up 20%

The Goldman Sachs Group, Inc. ( GS ) reports fourth-quarter 2020 earnings next week, with analysts expecting a profit of $7.36 per share on $10.1 billion in revenue. If met, earnings per share (EPS) will mark a 57% profit increase compared to the same quarter in 2019. The stock entered a two-week slide in October despite beating third-quarter top- and bottom-line estimates, but Goldman shares recovered in November and lifted nearly 40% into year-end. Expectations are running high as a result of that impressive performance, especially with the financial sector in full-blown accumulation mode. Key Takeaways Goldman Sachs reports fourth-quarter 2020 earnings in the pre-market on Tuesday, Jan. 19. The stock is technically overbought and trading at an all-time high. The company is benefiting from higher yields and the widening yield curve . A sell-the-news reaction after earnings could presage a larger-scale correction . The financial powerhouse lost its … [Read more...] about Goldman Sachs (GS) at All-Time High Ahead of Report

Flint, Michigan, Councilman Eric Mays recently berated a reporter from one of the local papers. Mays previously pleaded guilty to felonious assault and has been sentenced to jail and community service as part of other plea deals. Mayor Karen Weaver has instructed her staff not to talk to media, despite the numerous significant scandals Flint has faced, according to a councilwoman. A felon-turned-city councilman in Flint, Michigan, berated a young reporter in the council chambers, calling her “nasty” and repeatedly saying she was ignorant. “You’re a nasty woman. Maybe it’s a cultural difference,” Councilman Eric Mays said to reporter Zahra Ahmad , who is Muslim. “She ain’t from Flint.” Mays also threatened to call the police on Ahmad. Ahmad is one of the only print reporters to cover the impoverished city’s government, but Mayor Karen Weaver has prohibited her administration from speaking to journalists, according to one elected official. “The mayor has told her … [Read more...] about Flint Councilman Berates Muslim Reporter: ‘Nasty Woman. Maybe It’s A Cultural Difference’

- A + A KUALA LUMPUR (May 25): Bursa Malaysia snapped a four-day losing streak to end higher on Wednesday (May 25), supported by buying demand for selected financial services and plantation counters amid cautious sentiment on regional bourses, dealers said. Public Bank Bhd and IOI Corp Bhd were the top two gainers, rising five sen to RM4.55 and 12 sen to RM4.24 respectively, and contributing a total of 2.97 points to the FBM KLCI's gains. At 5pm, the benchmark index closed 4.26 points, or 0.28%, higher at 1,535.56, from Tuesday’s close at 1,531.30, after hovering between 1,531.22 and 1,538.82 throughout the day. The KLCI opened 0.47 of a point higher at 1,531.77. However, market breadth was negative with decliners outpacing advancers 586 to 310, while 437 counters were unchanged, 976 untraded and 24 others suspended. Total turnover fell to 2.34 billion units worth RM1.8 billion from 3.6 billion units worth RM2.09 billion on Tuesday. Rakuten Trade Sdn Bhd … [Read more...] about Bursa closes higher on buying support

advertisement advertisement Sony CEO Howard Stringer recently told the Wall Street Journal that his company is concentrating on a “different kind of TV set.” It’s part of an effort to build a cohesive four-screen strategy to compete with Apple, and it’s something Sony absolutely has to do if its future is to be as shiny as its past. For his “ I’ve finally cracked it ” moment, Stringer said: “I spent the last five years building a platform so I can compete against Steve Jobs. It’s finished, and it’s launching now.” The way Sony makes and sells TVs has to change from the way it’s currently done, Stringer thinks, because “Every TV set we all make loses money.” The TV Market’s Dire Straits advertisement This fact is borne out by Sony’s last financial report, from a few weeks back where the electronics giant said it expected to post a group loss of 90 billion yen (equivalent to $1.15 billion) for the financial year ending in March, due to … [Read more...] about Why Sony Must Reinvent The TV

Dow component American Express Company ( AXP ) is trading lower on Friday morning after meeting fourth quarter earnings expectations and slightly raising fiscal year 2019 revenue guidance . A 14% year-over-year increase in loss reserves may have spooked investors concerned about loan quality, but the limited downturn has had little impact on an already bearish technical outlook in the aftermath of December's brutal 22% decline. The financial services giant plunged from an all-time high last month, trapping complacent shareholders who will now think twice about reloading long positions. While the rout held February support , it broke the 200-day exponential moving average (EMA) by 13 points and hasn't remounted that long-term barrier in January price action. This suggests that short sellers are now rounding the wagons, looking for the perfect price to jump back on board. AXP Long-Term Chart (1995 – 2018) The stock broke out above the 1987 high in 1995, entering a … [Read more...] about Sellers in Control After American Express Earnings

Deepinder Goyal At analyst calls, questions come fast and furious at a company’s management as the street is hungry for answers on earnings and is searching for vital signs for the coming quarters. But what happens if the CEO happens to be reclusive and media-shy at that? Add to that, the —unusual—reluctance the company has shown in participating in such post-earnings meets. That was the case with Zomato and its co-founder and CEO Deepinder Goyal when they decided to field questions from a bunch of analysts on Tuesday, a day after the food delivery platform reported that its net loss in the March quarter had widened to Rs 359 crore even as revenue zoomed 75 percent YoY to Rs 1,211 crore. Zomato was celebrated as a trailblazer last year after it became India’s first internet unicorn to list on the bourses.But as it so often happens in markets, that is so last year. The company has since received flak for its averseness to answer questions from investors and analysts. And … [Read more...] about Combative, reticent, confident: The many shades of Zomato CEO Deepinder Goyal during the company’s first analyst call

Real Madrid's Vinicius Junior (left) and Karim Benzema PARIS: Real Madrid remain Europe's most valuable football club despite the ever-increasing dominance of the English Premier League, according to a report published Thursday by analysts Football Benchmark. The report ranks Europe's 32 most prominent clubs, calculating their value based on their annual financial statements and assessing squad values. Real, who face Liverpool in Saturday's Champions League final, came out on top for the fourth consecutive year of the report, with a valuation of 3.184 billion euros ($3.4 billion). That is still short of their valuation in 2020, just before the pandemic, of nearly 3.5 billion euros, although the report points out that they were one of few clubs to register a net profit in both seasons impacted by the pandemic. "Real Madrid have extended their lead at the top due to continuous sporting and commercial success," says the report's author, Andrea Sartori. It said Real lost 84 … [Read more...] about Real Madrid remain Europe’s most valuable football club

As a slowing economy and trade wars cloud the outlook for U.S. companies, Goldman Sachs has compiled a list of stocks that are expected to post double-digit sales increases in 2020 despite strong macro headwinds. And as rising costs squeeze profits, companies with robust revenue growth are in a far better position to expand earnings. Excluding stocks in the financial, utilities, and real estate sectors, a mere 24 members of the S&P 500 Index (SPX) are projected to increase revenues by 10% or more 2020, per the new edition of Goldman's US Quarterly Chartbook. While the S&P 500 is up by 16.5% year-to-date through Oct. 9, 2019, six of these stocks have posted even more impressive gains: Global Payments Inc. ( GPN ), 56.2%, Danaher Corp. ( DHR ), 33.1%, Adobe Inc. ( ADBE ), 21.2%, Nvidia Corp. ( NVDA ), 35.4%, Mastercard Inc. ( MA ), 44.3%, and Microsoft Corp. ( MSFT ), 36.1%. Key Takeaways Goldman says 24 S&P 500 companies will post double-digit sales … [Read more...] about 6 Market Leaders Fueled by Superior Revenue Growth