Serba Dinamik earnings seen resilient

Kenanga Research said this in a report to clients yesterday, noting that despite being a mostly challenging quarter for the oil and gas industry, as well as the overall global economy due to the impact of lockdowns amidst the Covid-19 pandemic, Serba had “proven once again its earnings base resiliency

PETALING JAYA: The successful execution of oil and gas company Serba Dinamik Holdings Bhd’s orderbook of RM18.5bil should continue fuelling its short-term earnings growth, while the group’s ventures into offshore fabrication as well as expansion of its ICT segment are its longer-term growth plans.

Kenanga Research said this in a report to clients yesterday, noting that despite being a mostly challenging quarter for the oil and gas industry, as well as the overall global economy due to the impact of lockdowns amidst the Covid-19 pandemic, Serba had “proven once again its earnings base resiliency by being able to continue delivering earnings growth.”