DESTINI Annual Report 2018

Prospects Destini remains committed to maintain its profitability and optimise returns for shareholders. With strategies in place focusing on growing our commercial businesses organically coupled with geographic expansion, Destini is confident of delivering better results for the coming year while maintaining a discipline towards managing risks. In addition, Destini will strengthen its initiatives in talent development, process improvement, capabilities enhancement and cost optimisation. Moving forward, Destini anticipates several avenues that would enable the Group to achieve its ambitions. Within the marine manufacturing segment, the Government has expressed its commitment to enhance the nation’s maritime border security. This would entail the procurement of additional maritime assets to patrol and secure Malaysia’s borders. DSBE is well positioned with the necessary track record and expertise to fulfil these requirements. In addition, DSBE also has positioned itself to bid for the fabrication of both paramilitary and commercial vessels within the region. Vanguarde is also expanding its capabilities to producing tender boats for the passenger cruise industry aside from its current lifeboat contracts for the oil & gas and marine industries. In addition to that, stringent regulatory requirements will require ship owners to improve their maintenance standards on lifeboats which would ensure added opportunities for TF Corp to extend its lifeboat MRO services. DOS anticipates exciting times ahead due to the recovery in oil & gas prices. The company intends to leverage on the momentum that started in 2018 to secure additional contracts within its core expertise, namely TRS and oil field decommissioning. DOS is also constantly exploring strategic partnerships with industry experts to further enhance its capabilities. Additionally, in an effort to strenghten our foorhold in the rail business, Destini intends to form partnerships with established rail companies to bid for various rail projects in Malaysia and the region. As we move forward, Destini will continue to pursue sustainable growth strategies for its four main core businesses and enhance shareholders value. DESTINI BERHAD ANNUAL REPORT 2018 49