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NewsCIMB Research keeps Dialog as Outperform (7277)
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CIMB Research keeps Dialog as Outperform (7277)
by hlk Fri 14 Sep 2012, 10:15
KUALA LUMPUR: CIMB Equities Research is maintaining its Outperform on Dialog Group with a target price of RM2.91.
It
said on Friday the government's efforts to develop Pengerang as a
regional storage hub continues with a RM4.08bil LNG terminal project
that will be undertaken by a consortium that includes Dialog.
“Already a big beneficiary of the ETP, Dialog is still scouting for more projects.
“In
our SOP-based target price calculation, we continue to value Dialog's
businesses at 18.6 times CY13 P/E, a 40% premium over our 13.3 times
target market P/E, supported by attractive prospects relating to
marginal and mature fields. Maintain Outperform,” said CIMB Research
It
said on Friday the government's efforts to develop Pengerang as a
regional storage hub continues with a RM4.08bil LNG terminal project
that will be undertaken by a consortium that includes Dialog.
“Already a big beneficiary of the ETP, Dialog is still scouting for more projects.
“In
our SOP-based target price calculation, we continue to value Dialog's
businesses at 18.6 times CY13 P/E, a 40% premium over our 13.3 times
target market P/E, supported by attractive prospects relating to
marginal and mature fields. Maintain Outperform,” said CIMB Research
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» CIMB Research keeps Dialog as Outperform, ups TP to RM3.48
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