November 17, 2011

Dialog Group RM2.40: Buy

Stock Name: DIALOG
Company Name: DIALOG GROUP BHD
Research House: MAYBANKPrice Call: BUYTarget Price: 3.35



No surprises, on track for growth
 
Maintain Buy. 1QFY12 results yielded no surprises with Dialogregistering a solid 35% YoY growth in net profit. We are keeping ourconservative forecasts unchanged with further upside potential. Wecontinue to like its business model, its focused management anddefensive qualities that offer steady and progressive dividends. Dialogremains among our preferred Buys in O&G with an unchanged RM3.35target price (sum-of-part valuations).


Maybank research (17 November 2011)

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