Stock Name: DIALOG
Company Name: DIALOG GROUP BHD
OSK Research Sdn Bhd is positive on the construction of Langsat Terminal (Three) to Dialog Group Bhd as it will provide more recurring income and a constant future cash flow.
In a research note today, OSK said Dialog's (55 per cent) and MISC Bhd's (45 per cent) unit, Centralised Terminals Sdn Bhd, had signed a shareholders' agreement to set up the JV company, LgT-3, with China Aviation Oil (Singapore) Corp Ltd.
"LgT-3 will undertake the proposed design, development, operation, management and maintenance of an oil storage tank terminal facility near Tanjung Langsat Port in Johor," it said.
It said the development would allow the company to deploy more capital expenditure and take on higher risk projects such as marginal oilfields.
OSK said it has maintained its "buy" call on Dialog with a higher fair value of RM3.66 from RM3.43 previously. -- Bernama
Company Name: DIALOG GROUP BHD
| Research House: OSK | Price Call: BUY | Target Price: 3.66 |
OSK Research Sdn Bhd is positive on the construction of Langsat Terminal (Three) to Dialog Group Bhd as it will provide more recurring income and a constant future cash flow.
In a research note today, OSK said Dialog's (55 per cent) and MISC Bhd's (45 per cent) unit, Centralised Terminals Sdn Bhd, had signed a shareholders' agreement to set up the JV company, LgT-3, with China Aviation Oil (Singapore) Corp Ltd.
"LgT-3 will undertake the proposed design, development, operation, management and maintenance of an oil storage tank terminal facility near Tanjung Langsat Port in Johor," it said.
It said the development would allow the company to deploy more capital expenditure and take on higher risk projects such as marginal oilfields.
OSK said it has maintained its "buy" call on Dialog with a higher fair value of RM3.66 from RM3.43 previously. -- Bernama
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