Serba Dinamik to raise up to RM1b, Amlnvest Research retains buy
KUALA LUMPUR : Serba Dinamik is planning to raise a sukuk issuance worth US$200mil to US$250mil (RM826mil to RM1bil) for a tenure of three years to refinance its existing foreign loans and international projects. Amlnvestment Research is maintaining its buy call with unchanged forecasts and sum-of-parts-based (SOP) fair value of RM6.50 a share, which implies an FY19F PE of 20 times or 33% below Dialog's 30 times, the company's closest peer in Malaysia. It saud in Wednesday Serba Dinamik's foreign debt accounts for 40% of gross debt of RM1.7bil as at Dec 31, 2018, of which RM496mil (US$120mil) is scheduled…