Dialog Group Bhd is a long term, sustained growth stock, leveraging on its Pengerang (tank terminal and regas projects) operations, according to Maybank Investment Bank Research.
The research house has maintained its “buy” call on Dialog said the oil and gas services firm’s nine months to March 31 FY16 core earnings made up 76% of its full year’s forecast and Dialog’s investment thesis was intact.
“It is net cash, atypical to its industry peers, testament to its lean management and largely cashflow driven tank terminal businesses. Our target price of RM1.90 is SOP-based,” Maybank said.
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The research house has maintained its “buy” call on Dialog said the oil and gas services firm’s nine months to March 31 FY16 core earnings made up 76% of its full year’s forecast and Dialog’s investment thesis was intact.
“It is net cash, atypical to its industry peers, testament to its lean management and largely cashflow driven tank terminal businesses. Our target price of RM1.90 is SOP-based,” Maybank said.
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