Serba Dinamik shares hit all-time high

PETALING JAYA: Serba Dinamik Holdings Bhd, an international energy engineering services provider, saw its share price hit an all-time high of RM3.89 this morning.
At 11.28 am, its share price climbed up four sen or 1.04% to RM3.84, which is more than double of its initial public offering price of RM1.50. It has a market capitalisation of RM5.58 billion.
The group recently announced that its unit Serba Dinamik International Ltd has secured a US$66.2 million (RM268.8 million) engineering, procurement, construction and commissioning contract from Laos-based Nam Taep 1, 2, 3 Hydropower Co Ltd.
The contract is expected to contribute positively to the group's earnings for the financial years ending Dec 31, 2019 to Dec 31, 2022.