“The deal is also earnings/NPV accretive to Dialog, albeit marginally (sub-1%), leading us to slightly raise our SOP-based target price to RM4.90 (rounded up), ” Maybank Investment Bank Research said in its latest report.
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.
The research unit said that it 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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
