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RHB Research upgrades Dialog to Buy, raises fair value
by Cals Tue 09 Sep 2014, 02:26
| RHB Research upgrades Dialog to Buy, raises fair value |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Monday, 08 September 2014 11:17 KUALA LUMPUR (Sept 8): RHB Research has upgraded Dialog Group Bhd to a Buy at RM1.85 with a highre fair value of RM2.25 (from RM1.90) after Dialog completed its 20%-farm out for the D35/D21/J4 PSC from Roc Oil. In a note Monday, the research house said it sees upside given that developments towards the company’s long-term strategy were unfolding – both upstream activities and tank terminals (Phase 1) are expected to contribute positively post FY16. “We upgrade Dialog to Buy, with a fair value of RM2.25 (from RM1.90) as we include the RSC in our assumptions, and roll over valuations to FY16F,” it said. |
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