Kenanga Research downgrades Serba Dinamik to underperform

Serba Dinamik announced its external auditors, KPMG, had flagged some matters pertaining to statutory audit.

KUALA LUMPUR: Kenanga Investment Bank Research has downgraded Serba Dinamik to underperform from outperform after the company announced its external auditors, KPMG, had flagged some matters pertaining to statutory audit.

In its research note on Thursday, it said Serba Dinamik was in the midst of appointing an independent firm to commence a special independent review.