vlim88

vlim88 | Joined since 2020-08-26

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2021-07-14 15:25 | Report Abuse

This is not tech stock d... It is a healthcare stock

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2020-10-06 19:24 | Report Abuse

Actually there aren't many pandemics before this...

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2020-10-03 00:44 | Report Abuse

20k bookings reached!

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2020-08-26 14:31 | Report Abuse

KUALA LUMPUR: RHB Investment Bank Research remains bullish on Serba Dinamik Holdings Bhd following the release of its earnings results for the first half of 2020, which came within expectations.

The research house said 1H20 core profit rose 18% year-on-year to RM287mil, which was 52% and 50% of its and consensus full-year estimates.

For future earnings visibility, RHB said Serba Dinamik's orderbook remained solid at RM18.5bil with EPCC contributing half of that amount, followed by O&M at 40% and ICT at 10%.

With a RM300mil revenue target for the ICT segment in FY20, RHB expects the group to tap into ICT as a new source of growth especially since many oil and gas clients in the Middle East are also ramping up investments in ICT applications.

Serba Dinamik is also eyeing to tender more offshore-related jobs and expects to generate more meaningful revenue from the Teluk Romania yard from FY22 onwards, it said.

"Following the yard handover, which is slated to be by September, the Teluk Ramunia yard will be used to execute some internal work orders in hand.

"Serba Dinamik is also looking to lease part of the yard space to other services players for a short duration," it added.

RHB, which has a "buy" call on Serba Dinamik maintained its earnings forecasts and target price of RM2.55 on the stock, which is at a 47% premium to Tuesday's last traded price of RM1.73.