Serba Dinamik’s shares slightly down despite winning jobs

PETALING JAYA: Serba Dinamik Holdings Bhd's share price fell 0.86% this morning despite its units securing contracts worth RM606 million.

As at 11.47am, Serba Dinamik stood at RM2.30 with 903,200 million shares changing hands.

Its unit Serba Dinamik Sdn Bhd has secured three new operations and maintenance (O&M) contracts and four new engineering, procurement, construction and commissioning (EPCC) worth RM206 million.

The O&M contracts were awarded by Vestigo Petroleum Sdn Bhd and JX Nippon Oil & Gas Exploration (Malaysia) Ltd for the provision of transportation and offshore installation campaign for Bentara Field, and maintenance services for mechanical and rotating equipment.

The EPCC contracts were awarded by Eversendai Oil & Gas Sdn Bhd, Indoor Air System Sdn Bhd and Lotus West Sdn Bhd, which covered the erection, fitting, welding, testing and reinstatement piping works; installation of chiller, solar aircond and LED lighting systems for roads and buildings under the purview of Terengganu State Government; and installation of energy saving equipment for 33 units of Ibusawat Telekom.

Its wholly-owned subsidiary Top Luxury Sdn Bhd was also awarded a RM400 million contract to undertake the construction work for the Pengerang eco-Industrial Park.