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Affin Hwang Capital raises target for Serba Dinamik to RM4

TheEdge Wed, Dec 13, 2017 - 1 year ago

KUALA LUMPUR (Dec 13): Affin Hwang Capital Research has maintained its “Buy” rating on Serba Dinamik Holdings Bhd at RM3.10 with a higher target price (TP) of RM4 (from RM3.60) and said it expects a higher order book replenishment in FY18E as it rides on the favorable oil price outlook.

In a note today, it said this, coupled with the current all-time-high order book of RM5.3 billion should drive better earnings growth in FY18E.

“In addition, the success in penetrating new markets will lift earnings.

“All these factors prompt us to raise our EPS by 11% in FY18-19E. We reaffirm our Buy call with a higher TP of RM4.00,” it said.

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