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In a separate report, the research team at AmInvestment Bank Bhd (AmInvestment) said these confirmed fresh contracts would enlarge Serba Dinamik’s already huge order book by three per cent to RM17.5 billion (3.4-folds FY20F revenue), of which 44 per cent stem from the massive US$1.8 billion (RM7.7 billion) Innovation Hub property development project in Abu Dhabi.
“This already exceeds management’s FY20F year-end target of RM15 billion,” it pointed out.
All in, AmInvestment retained its ‘buy’ rating on the stock. It said: “We are positive that Serba Dinamik will be able to secure fresh jobs during an oil & gas cyclical downturn.”
Kenanga Research retained its ‘outperform’ rating. It opined, “We continue to like Serba Dinamik given its superb record of earnings growth delivery, and also having one of the best return on equities within the sector.
02 Feb 2021 02 Feb 2021 Acquired 56,292,000 DATO' DR IR TS MOHD ABDUL KARIM BIN ABDULLAH
02 Feb 2021 02 Feb 2021 Acquired 56,292,000 DATO' DR IR TS MOHD ABDUL KARIM BIN ABDULLAH