Heavy rain expected to hit several states


Hujan

MO,13/1/2018, PETALING JAYA: Heavy rain is expected to continue in several areas in Johor, Pahang, Negri Sembilan, Melaka, Terengganu and Sarawak until today. The Malaysian Meteoro­logical Department has issued a severe weather warning for several areas in Johor and Pahang.

“Heavy rain is expected to continue in Johor (Segamat, Kluang, Mersing, Kota Tinggi, Johor Baru and Kulai) and Pahang (Rompin, Pekan and Kuantan) today,” it said in a statement.

The department has also issued a weather warning alert for Negri Sembilan, Melaka, several areas in Johor including Tangkak, Muar, Batu Pahat and Pontian, and several areas in Pahang including Bentong, Temerloh, Maran, Bera and Jerantut.

 

 



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Serba Dinamiks share price expected to hit RM4.00



KUALA LUMPUR: International energy services group, Serba Dinamik Holdings Bhd has been exceeding expectations since it first listed in February, and UOB Kay Hian expects the group to maintain that momentum.

In a report published Monday, the research house put a target price of RM4.00 on Serba’s shares, an approximately 37 percent increase from the company’s current share price.

UOB says, Serba’s recurring maintenance revenue will be driven by high renewals in its orderbook which exceeds RM5 bil, as well as its plans to acquire assets. It says this will also be driven by Serba’s active international expansion and its current efforts to secure contracts from a RM10 bil global tenderbook.

The research house also remained bullish on Serba due to its continuous diversification of revenue, the latest being to penetrate Africa.

It says, Serba also has a diversified customer mix in its Operations & Maintenance (O&M) segment, ranging from refineries, power plants and liquefied natural gas (LNG) plants, making this revenue stream more resilient to industry cycles. It adds, Serba’s end-customers are also of high quality such as Petronas, Pertamina, Saudi Aramco, Qatar Gas, and Junaco.

UOB says, key to Serba’s growth from strength to strength was its entrance into the Middle East. First entering the region in 2001, Serba now has presence in 6 countries in the Middle East, contributing to more than 60 percent of its total revenue for the first nine months of 2017. This is compared to the revenue share from Malaysia which is below 30 percent, while orderbook tenures in the Middle East are also healthy at 1 to 5 years.

Going forward, UOB expects the group to sustain growth by leveraging on orderbook renewal, of which it has a track record of 20-30 percent success rate.

It says, this will be strengthened by asset ownership strategies and by its strategy to invest in joint ventures (25-40 percent stakes) of downstream plants and utilities.



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Bryan Adams tampil dengan album kompilasi hit terbaharu Ultimate



PENYANYI popular era 1990an dari Kanada, Bryan Adams tampil dengan album terbaharu berjudul “Ultimate”.

Koleksi “Ultimate” mengandungi 21 lagu hit sebelum ini, termasuk “Summer of 69” dan “Everything I Do I Do It For You”.

Lebih istimewa, “Ultimate” menampilkan dua lagu baharu “Ultimate Love” dan “Please Stay”.

Bryan Adams dalam satu temu bual berkata hanya selepas “Ultimate” diterbitkan, beliau akan membuat persembahan live dalam jelajahnya di UK pada Mei tahun depan.



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Flash floods hit Penang again



GEORGE TOWN: Still reeling from the Sept 15 massive floods, several areas in Penang are once again inundated by flash floods which reportedly reached up to 0.5 metres and uprooted trees as continuous heavy rain and strong winds lasted more than five hours today.

The incessant rain and winds began battering the areas about 2pm.

Among the affected areas in George Town are Kampung Masjid, Jalan P. Ramlee, Sungai Pinang, Jalan Kebun Lama, Lebuh Carnovan, Jalan Anson, Halaman Bukit Gambira as well as Bayan Baru, Bayan Lepas, Batu Feringghi and Balik Pulau.

In Seberang Perai, affected areas include Permatang Rawa; Taman Bagan; Taman Cantek; Mak Mandin; Guar Perahu; Jalan Raja Uda; Jalan Bukit Tengah; Taman Mutiara; Jalan Tembikai; Bukit Mertajam; Taman Usaha; Lorong Usahajaya; Taman Senangin; Taman Nibong Tebal; Jalan Bukit Teh; Kampung Baru Sungai Bakap; Kampung Sethu; Lorong Janggus and Sukun.

Reports from the Timur Laut Drainage and Irrigation Department stated that the water levels have reached danger levels in Sungai Pinang, Sungai Air Itam and Sungai Dondang.

One of the affected residents, Abdul Karim Abdul who resides in Jalan P. Ramlee said the flash floods in the area were just continuous, one after another, as every time there was heavy rain, their homes would be flooded.

“We are tired of the flash floods and hope the state government does something to solve our woes here… in this year so far, we were hit by floods more than 20 times.”

Flash floods have also caused traffic congestion in the vicinity of George Town, Bayan Lepas, Bayan Baru, Seberang Jaya, Bukit Mertajam and Juru, and led to the closure of several roads.

— BERNAMA



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