More robust second half seen for Dialog

“We believe Dialog deserves above-peer premium valuations, given its long-term recurring cash flow-generating businesses which are further underpinned by the Pengerang development’s multi-year value re-rating bonanza and low net gearing levels,” AmInvestment said in a note.

PETALING JAYA: The gradual moderating impact of Covid-19 lockdowns on labour and border restrictions will likely translate to a stronger second half of financial year ending June 30, 2022 (FY22) for Dialog Group Bhd.

Recall that Dialog’s net profit for the first quarter ended Sept 30, 2021 had slid 4% year-on-year due to higher project expenses, primarily from raw material and logistics costs driven by global supply chain disruptions and delayed execution.