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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Serba Dinamik Holdings    SERBADK   MYL5279OO004

SERBA DINAMIK HOLDINGS

(SERBADK)
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Serba Dinamik : pushes ahead with tech expansion

10/18/2020 | 12:35pm EST

KUCHING: Serba Dinamik Bhd, which has launched its RM13mil D-Virtual Park in Kota Samarahan, has teamed up with several parties to drive IR 4.0 technology to the public.

Apart from being the first virtual reality (VR & AR) theme park in Borneo as well as a creative studio, D-Virtual Park houses facilities such as the D-Arena Esports hub and a platform for startups.

The platform for startups is connected to Serba Dinamik's strategic labs in three countries - India Institute of Technology with 100 labs for research and development (R&D), partnership with Standford University AI Lab for research in artificial intelligence (AI) as well as its Shenzen lab in China.

At the launch of the D-Virtual Park by Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg yesterday, Serba Dinamik inked four memorandums of understanding (MoU), including one with Sarawak Economic Development Corp (SEDC) and the Centre of Technical Excellence (Centexs) to strengthen Sarawak's initiatives in the digital economy.

Serba Dinamik group managing director and CEO Datuk Abdul Karim Abdullah said the company's collaborations with the parties involved were important as they not only open a new frontier for the company's technology ventures but they also bring IR4.0 technology to a wider base.

'We want visitors to the D-Virtual Park to see what these technologies are capable of and how it can help in everyday life.

'This include reaching out to women and showing them what these technologies can do for them. 'We hope to promote and empower them with these technologies which we believe are important tools for the digital age that we live in, ' he said.

Meanwhile, Serba Dinamik chairman Datuk Abdul Kadier Sahib said D-Virtual Park is part of the group's breakthrough digital strategy for Sarawak. It was established with the concept of showcasing the finest of digital technology infrastructure, mainly focussing on the latest developments of virtual reality and digitalised entertainment. Abdul Kadier said the theme park, housed in nine blocks of a three-storey building, boasts a remarkable Esports arena and an innovation hub which aims to provide the foothold for rising entrepreneurs and startup ventures.

Disclaimer

Serba Dinamik Holdings Bhd published this content on 13 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2020 16:34:00 UTC


© Publicnow 2020
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Financials
Sales 2020 5 384 M 1 321 M 1 321 M
Net income 2020 578 M 142 M 142 M
Net Debt 2020 2 185 M 536 M 536 M
P/E ratio 2020 9,36x
Yield 2020 3,18%
Capitalization 5 490 M 1 348 M 1 347 M
EV / Sales 2020 1,43x
EV / Sales 2021 1,22x
Nbr of Employees 1 725
Free-Float 33,8%
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Number of Analysts 11
Average target price 2,36 MYR
Last Close Price 1,63 MYR
Spread / Highest target 71,8%
Spread / Average Target 44,9%
Spread / Lowest Target 15,3%
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NameTitle
Mohammad Abdul Karim bin Abdullah Group CEO, Non-Independent Executive Director & MD
Mohamed Nor bin Abu Bakar Chairman
Azhan Azmi Chief Financial Officer
Kalaikovan Anthony Chief Technology Officer
Abdul Kadler bin Sahib Non-Independent Non-Executive Director
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