Dialog’s latest purchase fails to excite investors

Dialog shares, which stood at RM2.27 a piece on Monday prior to the announcement that it was buying an onshore oil producing field in Thailand, briefly rose by seven sen to RM2.34 the day after. But soon after, Dialog’s share price lost that rise and closed at RM2.17 a piece yesterday.

Dialog Group Bhd’s purchase of its first overseas upstream oil and gas (O&G) asset is generally seen as positive by analysts.

Despite that, the move does not seem to have overly excited investors.