Serba Dinamik to raise up to RM1bil

Serba Dinamik said the purchase consideration was arrived at on a

KUALA LUMPUR: Serba Dinamik is planning to raise a sukuk issuance worth US$200mil to US$250mil (RM826mil to RM1bil) for a tenure of three years to refinance its existing foreign loans and international projects.

AmInvestment Research is maintaining its “buy” call with unchanged forecasts and sum-of-parts-based (SOP) fair value of RM6.50 a share, which implies an FY19F PE of 20 times or 33% below Dialog’s 30 times, the company’s closest peer in Malaysia.