Maybank IB Research positive on Dialog’s purchase of HBP


Maybank Investment Bank Research is positive on Dialog Group’s proposal to buy a 25% stake in Halliburton Bayan Petroleum (HBP) from Halliburton International (HI) for RM34.5mil because it makes financial and strategic sense.

KUALA LUMPUR: Maybank Investment Bank Research is positive on Dialog Group’s proposal to buy a 25% stake in Halliburton Bayan Petroleum (HBP) from Halliburton International (HI) for RM34.5mil because it makes financial and strategic sense.

It said on Monday tt has been part of HI’s plan to incubate local entities like Dialog through JVs to prepare these entities to eventually take the lead in such ventures.

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