The research house maintained its “buy” call on Serba Dinamik with a target price of RM2.10 based on a 2021 price-earnings multiple of 10.5 times.
PETALING JAYA: Serba Dinamik Holdings Bhd
’s outstanding order book of RM18.5bil remains resilient, with no requests by its clients for discounts, contract cancellations or delayed execution.
According to TA Research, the resilient order book was due to Serba Dinamik’s marginal exposure to offshore oil and gas (O&G) upstream segment, making up only 10% to 20% of its total projects.
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