PETALING JAYA: Analysts see an earnings recovery for Dialog Group Bhd in its financial year ending June 30, 2025 (FY25) driven by strong energy storage rates and a pick-up in business at its Jubail Supply Base in Saudi Arabia.
UOB Kay Hian (UOBKH) Research noted although storage costs are at peak levels at S$6 to S$7 per cubic m, most of Dialog’s independent terminal’s capacity at Pengerang Independent Terminals and Langsat Terminals had been renewed at the high rates, while about 50% capacity may see the next renewal only from December this year, which coincides with the second half of Dialog’s FY25.