Stock Name: DIALOG
Company Name: DIALOG GROUP BHD
OSK Research is maintaining a "buy" for the Dialog Group with a RM3.43 fair value following financial year 2012 (FY2012) earnings upgrade.
As at 12.10pm, Dialog gained five sen to RM2.57.
OSK Research said it continued to like Dialog as one of the most defensive oil and gas stocks in its sector and one that possessed a steady business model and in net cash position of RM168.5 million.
The research house is upgrading Dialog's FY2012 earnings by 10 per cent in line with its good fourth quarter 2011 performance.
"The next catalyst for the stock is probably the potential announcement of success in bagging the Balai Bentara marginal oifields together with its Australian partner, Roc Oil, which ultimately may contribute high earnings opportunities in future," it added in its research note. -- Bernama
Company Name: DIALOG GROUP BHD
| Research House: OSK | Price Call: BUY | Target Price: 3.43 |
OSK Research is maintaining a "buy" for the Dialog Group with a RM3.43 fair value following financial year 2012 (FY2012) earnings upgrade.
As at 12.10pm, Dialog gained five sen to RM2.57.
OSK Research said it continued to like Dialog as one of the most defensive oil and gas stocks in its sector and one that possessed a steady business model and in net cash position of RM168.5 million.
The research house is upgrading Dialog's FY2012 earnings by 10 per cent in line with its good fourth quarter 2011 performance.
"The next catalyst for the stock is probably the potential announcement of success in bagging the Balai Bentara marginal oifields together with its Australian partner, Roc Oil, which ultimately may contribute high earnings opportunities in future," it added in its research note. -- Bernama
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