Big plans: An artist’s impression of Dialog Group’s oil storage terminal in Pengerang. It targets to develop its Pengerang project into an integrated petrochemical hub, akin to Singapore’s Jurong.
PETALING JAYA: Dialog Group Bhd
’s RM3bil sukuk programme has raised a lot of interest about its next move, with one research house, Maybank Investment Bank Research (Maybank IB), raising its target price on the stock by 34% to RM4.90.
“We see opportunities to acquire worthy assets at a decent price in a downcycle. Our earnings forecasts and investment thesis on Dialog are unchanged, ” it said in a report.
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