KUALA LUMPUR: RHB Research reiterates its ‘buy’ on Dialog Group
, with a sum-of-parts derived target price of RM4. This is 17% above the stock’s closing price of RM3.43 on Monday.Dialog’s Q1 net profit ended Sept 30,2019 rose 19% year-on-year (y-o-y), largely led by the full contribution from Pengerang Terminals (Two) (PT2SB) and higher maintenance work orders from the master service agreement (MSA).
“We continue to like Dialog for its consistent earnings growth profile (7%-10%), solid ROEs (14.0-14.3%), and recurring income-business model.
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