Potential risks from normalisation of storage rates

PETALING JAYA: Oil-and-gas services firm Dialog Group Bhd could see some potential risks from the normalisation of storage rates, says UOB Kay Hian Research.

“After a strong 50% year-to-date outperformance due to expansion angles, we see limited near-term share price upside, given the potential risk in joint venture incomes (phase 1) from a high base,” it said in a report.