Serba Dinamik Annual Report 2019

19 Petroliam Nasional Berhad (“Petronas”) expects the O&G industry to remain challenging for 2020 even without taking into consideration the coronavirus outbreak. Petronas’ outlook is based solely on the fragile economic situation going into 2020, continued geopolitical tensions and uncertainties over the relationship between the US and China despite the signing of a first phase trade agreement in mid-January 2020. Petronas remains cautious and has urged all O&G players to be conscious of cost, sustainability of operations and to pursue innovative solutions. Despite the sombre backdrop, Serba Dinamik remains optimistic that it will show improvements in its financial performance, for both the top and bottom lines, backed by contracts secured across the globe. The Group will focus on enhancing the ICT segment of the business and gradually reduce dependency on the Middle East while expanding into smaller markets in Central Asia and Africa. This will include growing the ICT segment while diversifying the Group’s business operations geographically. The Group is optimistic about growth prospects for 2020 and despite the challenging outlook, is confident of charting another year of exceptional results. C H A I R M A N ' S M E S S A G E DATO’ MOHAMED NOR BIN ABU BAKAR Chairman/Independent Non-Executive Director A P P R E C I AT I O N I would like to take this opportunity to extend my heartfelt gratitude to my fellow Board members for their unceasing contribution towards the Company’s continued success. On behalf of the Company, we would like to thank our valued customers, business associates, partners, bankers and staff as well as our loyal shareholders for their invaluable support and confidence in Serba Dinamik throughout the years.