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Tuesday, July 31, 2018

Serba Dinamik gets ‘buy’ call from Rakuten

Tuesday, 31 Jul 2018

KUALA LUMPUR: Rakuten Trade Sdn Bhd has recommended a “buy” call on Serba Dinamik Holdings Bhd with a target price of RM4.66 on the back of the company's healthy balance sheet and current order book.

In a research note, Rakuten said Serba Dinamik's order book now stands at RM6.8bil and this was expected to hit RM7.5bil by end-2018, while its earnings growth was anticipated to increase over 20% for the financial years (FY) 2018 and 2019.

Year-to-date, it said the company's share price had risen over 20% but is still trading at an undemanding valuation.

Domestically, Serba Dinamik is a Petronas licensed company with 63 standardised work and equipment categories codes which allows it to bid for projects from major oil and gas (O&G) service providers. — Bernama


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