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us apple developer accounts for sale:Kenanga raises earnings forecast on Serba Dinamik

admin2021-01-0910

KUALA LUMPUR: Kenanga Research raised its earnings assumptions on Serba Dinamik Holdings Bhd following its recent contract wins."Post-announcement, we raised our FY21E earnings by 1% as we slightly bumped our order-book replenishment assumption to RM11b (from RM10b)."We continue to like SERBADK given its superb record of earnings growth delivery, and for also having one of the best ROEs within the sector," it said in a note.The research house maintained its "outperform" recommendation on the stock with a higher target price of RM2.75 from RM2.70 previously.According to Kenanga, the contracts wins display Serba Dinamik's outstanding job delivery and contract-winning capabilities during the current challenging environment.It expects the contracts to fetch gross margins of about 15%, in line with the group's historical average."More particularly, we are also further positive on the two ICT contracts won in Indonesia and Guinea, seeing this as the continued fruition of the group,

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