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KUALA LUMPUR: Petronas Chemicals Group Bhd could be seeing further downside risk owing to potential start-up losses in the Pengerang RAPID plant, says Affin Hwang Capital research.
KUALA LUMPUR: The country’s largest oil and gas (O&G) services provider by market value believes that the time is right to expand its upstream operations through new asset acquisitions.
KUALA LUMPUR: Petronas Chemicals Group Bhd's net profit for the third quarter ended Sept 30,2019, slumped 54.11% year-on-year (y-o-y) to RM553mil as revenue took a hit from lower product prices.
PETALING JAYA: Property-based Damansara Realty Bhd’s (DRealty) net profit rose 106% to RM3.85mil in the third quarter ended Sept 30,2019 (3Q19) from RM1.87mil a year ago, boosted by other income and a share of profit of an associate company.
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).
KUALA LUMPUR: Damansara Realty Bhd's net profit rose by 106% to RM3.85mil in the third quarter ended Sept 30,2019 from RM1.87mil a year ago, boosted by other income and share of profit of an associate company.
KUALA LUMPUR: RHB Research reiterates Buy on Dialog Group, sum-of-parts derived target price RM4. This is 17% above closing price of RM3.43 on Monday.
PETALING JAYA: Dialog Group Bhd’s net profit jumped 43.6% to RM164.63mil in the first quarter ended Sept 30 (1Q19) from RM114.64mil a year ago, attributable to the stronger performance of all activities in its Malaysian operations.
KUALA LUMPUR: Oil and gas company Dialog Group Bhd posted a jump in first quarter earnings, boosted by improved results across its business operations.
PETALING JAYA: Oil and gas (O&G) stocks have been rallying on the back of the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor becoming fully-operational by the fourth quarter of this year.