Serba Dinamik up 2.16% on securing jobs worth US$110m

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KUALA LUMPUR (Feb 13): Serba Dinamik Holdings Bhd shares rose 2.16% in early trade this morning after it secured nine contracts worth at least US$110 million (RM448.09 million) in aggregate.

At 9.08am, Serba Dinamik was up 8 sen to RM3.79 with 175,400 shares traded. The stock had earlier risen to a high of RM3.82.

Its unit, Serba Dinamik International Ltd secured three operations and maintenance (O&M) contracts from Energeniq FZE for work in United Arab Emirates, Pavillion Multi Holding LLC in Uzbekistan, and Process Dynamics Company in Qatar.

Another unit, Serba Dinamik Sdn Bhd, secured three O&M contracts from Pengerang Refining Company Sdn Bhd, Pengerang Petrochemical Company Sdn Bhd, and Petronas Dagangan Bhd.

It also secured one engineering, procurement, construction and commissioning (EPCC) contract from Malaysia LNG Sdn Bhd, and two O&M and EPCC contracts from Petronas Carigali Sdn Bhd.