Tuesday, August 14, 2012

Dialog Group: Maintain Buy - A Solid Performance

A Solid Performance
  • BUY for earnings and dividends growth potential. FY6/12 results were in line with our expectation.
  • We maintain our FY6/13-14 earnings forecasts and remain optimistic on Dialog’s long term growth prospects.
  • Dialog remains among our preferred BUYs in O&G with an unchanged MYR3.05 target price (based on a sum-of-parts valuation). We continue to like its business model, focused management and steady dividends.
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Source: Maybank Research - 14 August 2012

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