Serba Dinamik’s unit acquires 24.84pc stake in CSE Global for RM170.57m

Serba Dinamik’s unit acquires 24.84pc stake in CSE Global for RM170.57m

Digital Economy, Entrepreneurs, Industry 4.0, Our Community
KUALA LUMPUR: Serba Dinamik Holdings Bhd’s subsidiary, Serba Dinamik International Ltd has proposed to acquire 123.17 million shares or 24.84 per cent stake in Singapore listed technology company, CSE Global Ltd for RM170.57 million from its existing shareholders. In an exchange filing yesterday, Serba Dinamik said the acquisition will allow the company to gain a stake in a profitable target with its own financial capabilities and ready order books without the requirement for further capital injection. Group managing director Datuk Dr Mohd Abdul Karim Abdullah said the acquisition is in line with the company’s overall strategy to enlarge its geographical footprint into countries where CSE Global has presence. “It includes countries that Serba Dinamik does not have presence in, namely the USA, Mexico, Australia and New Zealand, of which USA…
Read More
Serba Dinamik set for global success

Serba Dinamik set for global success

Creative Arts & Design, Digital Economy, Entrepreneurs, FinTech, Industry 4.0, Our Community, Renewable Energy, Sarawak, Smart City
Group Managing Director Datuk Dr Abdul Karim Abdullah said Serba Dinamik becoming an International energy engineering services provider by establishing itself in strategic locations. KUALA LUMPUR: Serba Dinamik Holdings Bhd (Serba Dinamik), an international energy engineering services provider, is positioning itself as a multinational company by expanding its presence overseas. Its group managing director Datuk Dr Abdul Karim Abdullah said Serba Dinamik is doing this by establishing itself in strategic locations. “We have done this via our internal organisation and also through acquisition of entities in other countries which will have the relevant synergy,” he told Bernama at the Shariah Investing Fair 2018 at the Kuala Lumpur Convention Centre last Saturday. Besides Malaysia, Serba Dinamik is also in Indonesia, with new markets in Southeast Asia such as Laos, Myanmar and…
Read More
Serba Dinamik To Market Qwik Pay In Indonesia

Serba Dinamik To Market Qwik Pay In Indonesia

Digital Economy, Entrepreneurs, FinTech, Industry 4.0, Kalimantan, Our Community, Smart City
KUALA LUMPUR, Sept 3 (Bernama) -- Serba Dinamik Holdings Bhd (Serba Dinamik) plans to further push its latest niche offering – a QR code-based parking solutions named Qwik Pay – not only in Malaysia but also in countries where the company has presence, particularly Indonesia. “Indonesia is one of the big markets we are looking at and we have been in Indonesia for more than 10 years, so it is not a country new to us. “The existing government in the country is proactive. Like Malaysia, it is also embracing the digital economy. And with a vast population of more than 200 million people, we cannot afford to leave the country out,” said Serba Dinamik group chief executive officer Datuk Dr Ir Mohd Abdul Karim Abdullah on talk show ‘Bernama…
Read More
Serba Dinamik to market Qwik Pay in Indonesia

Serba Dinamik to market Qwik Pay in Indonesia

Digital Economy, Entrepreneurs, FinTech, Industry 4.0, Kalimantan, Our Community, Smart City
KUALA LUMPUR: Serba Dinamik Holdings Bhd (Serba Dinamik) plans to further push its latest niche offering a QR code-based parking solutions named Qwik Pay not only in Malaysia but also in countries where the company has presence, particularly Indonesia. “Indonesia is one of the big markets we are looking at and we have been in Indonesia for more than 10 years, so it is not a country new to us. The existing government in the country is proactive. “Like Malaysia, it is also embracing the digital economy. With a vast population of more than 200 million, we cannot afford to leave the country out,” said Serba Dinamik group chief executive officer Datuk Dr Ir Mohd Abdul Karim Abdullah on talk show “Bernama Today”. A subsidiary company is doing the networking…
Read More
Serba Dinamik Perluas Tawaran ‘Qwik Pay’ Ke Indonesia

Serba Dinamik Perluas Tawaran ‘Qwik Pay’ Ke Indonesia

Digital Economy, Entrepreneurs, FinTech, Industry 4.0, Kalimantan, Our Community, Smart City
KUALA LUMPUR, 4 Sept (Bernama) -- Serba Dinamik Holdings Bhd (Serba Dinamik) merancang untuk mengembangkan penawaran produk terbarunya - sistem penyelesaian parkir berasaskan Kod Maklum Balas Pantas (Kod QR) yang dipanggil Qwik Pay - ke pasaran Indonesia. Pengarah Urusan Kumpulan dan Ketua Pegawai Eksekutif Serba Dinamik Holdings Bhd, Datuk Dr Ir Mohd Abdul Karim Abdullah berkata pasaran untuk Qwik Pay dijangka sesuai bukan sahaja di Malaysia, malah di negara-negara di mana syarikat itu telah berada, terutamanya Indonesia. "Indonesia adalah salah satu pasaran besar dan kami telah berada di sana selama lebih dari 10 tahun, jadi ia bukan sebuah pasaran baru kepada kami. "Kerajaannya proaktif. Seperti Malaysia, ia juga bersedia mengamalkan ekonomi digital. Dan dengan jumlah penduduk lebih dari 200 juta orang, kita tidak mampu untuk meninggalkan ia dari senarai," kata…
Read More
Serba Dinamik will not stray from core business

Serba Dinamik will not stray from core business

Digital Economy, Entrepreneurs, Industry 4.0, Our Community
Serba Dinamik Holding Bhd’s entry into the property development and technology sector is causing some investors to wonder if it is venturing too far from its core business focus. However, the company has moved to allay fears, saying it will remain focused on its core oil and gas services. “Whatever exercise we go into, we will always stick to our core capabilities. In fact, we have mentioned it in (our) prospectus that the three components (of our business) are operations and maintenance (O&M); engineering, procurement, construction and commissioning (EPCC); and other products and services (which consists of IT services, education and training), and that they will continue to be our focus,” Serba Dinamik’s group managing director and group CEO Datuk Mohd Abdul Karim Abdullah tells FocusM. Since its listing on the…
Read More
Serba Dinamik shows its dynamism beyond oil and gas

Serba Dinamik shows its dynamism beyond oil and gas

Community Initiative, Digital Economy, Entrepreneurs, FinTech, Industry 4.0, Our Community, Smart City
ONE company operating in the upstream oil and gas sector that has been doing surprisingly well is Serba Dinamik Holdings Bhd. The engineering services company, which has become one of the best performing new listings this year, derives more than 80% of its revenues from servicing oil and gas production facilities. And yet it has shown a solid, close to threefold growth in its bottomline for the cumulative nine months on a year-on-year basis since its February listing. “There is minimal implication (to Serba Dinamik) from changes in oil prices, as long as platforms keep producing and our maintenance contracts are utilised,” says Datuk Karim Abdullah, managing director and CEO of Serba Dinamik, in an interview with StarBizWeek. But this is not to say that Serba Dinamik is not aggressively…
Read More
Serba Dinamik Holdings – Long-term Plans to Move Up the Industry 4.0 Value Chain

Serba Dinamik Holdings – Long-term Plans to Move Up the Industry 4.0 Value Chain

Community Initiative, Creative Arts & Design, Digital Economy, Entrepreneurs, FinTech, Industry 4.0, Our Community, Sarawak, Smart City
Serba still offers further upside, as it is expected to meet its RM7.5b orderbook target. Aside from international EPCC projects and the incoming inclusion of PICC in the orderbook, there are long-term O&M contracts available in the Middle East and Malaysia. Management is also serious with ramping up Industry 4.0 initiatives for O&G maintenance, and its three non-O&G apps are generating revenue and have long-term potential for carve-outs. Maintain BUY with a target price of RM4.30. WHAT’S NEW Abundant Petronas-related opportunities. Despite having <20% direct Petronas exposure in its orderbook, Serba Dinamik Holdings (Serba) may benefit from the upcoming plant turnaround maintenance contracts of up to 5+5 years. This is in contrast to its existing 2+1 year Malaysian plant O&M contracts. According to the Petronas Activity Outlook, the number of plant turnarounds is expected to…
Read More
Serba Dinamik in talks to expand training programme to Senegal

Serba Dinamik in talks to expand training programme to Senegal

Digital Economy, Entrepreneurs, Industry 4.0, Our Community, Smart City
KUALA LUMPUR: Engineering services provider Serba Dinamik Bhd, whose share price has more doubled since its listing on Bursa Malaysia a year ago, has identified West African country Senegal as the expansion target for its training programme. “It is not a firm order, we are negotiating to set up a technical and vocational education and training programme. They (Senegal) are very keen if an entity like Serba Dinamik can come in to upskill their manpower and their citizens,” the group CEO Datuk Abdul Karim Abdullah (pix) told SunBiz recently about its plans to expand to Senegal. The group provides technical and vocational education and training services for the oil and gas sector as well as petrochemical industry-related skills. Abdul Karim believes that a skilled local workforce is important and cost…
Read More
Serba Dinamik buys stakes in Dutch companies for RM6.5m

Serba Dinamik buys stakes in Dutch companies for RM6.5m

Digital Economy, Entrepreneurs, Industry 4.0, Our Community, Smart City
PETALING JAYA: Serba Dinamik Holdings Bhd has proposed to acquire a 25% stake in Psicon BV for 400,000 euro (RM1.93 million) cash and the entire 100% equity interest in Psicon AVV for US$1.1 million (RM4.56 million) cash. Serba Dinamik said in a filing with the stock exchange that its wholly owned subsidiary Serba Dinamik International Ltd (SDIL) had entered into two separate share sale agreements, including with Liberty Industries B.V. for the Psicon BV acquisition; and with Frank Koper for the Psicon AVV acquisition. Psicon BV and Psicon AVV are primarily engaged in the business of process improvement, rotating equipment performance upgrading, advisory and trading of steam turbines and spare parts within Europe, Africa, the Middle East and the Far East. The purchase considerations will be satisfied entirely in cash,…
Read More