Hot Stock Dialog rises 3.12% on positive earnings

by **Cals** Thu 14 May 2015, 02:14

Hot Stock
Dialog rises 3.12% on positive earnings

KUALA LUMPUR (May 13): Shares of Dialog Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose 3.12% in early trade today after the company posted 9MFY15 earnings of RM211.5 million.
At 9.16am, Dialog (Fundamental: 2.10; Valuation: 0.50) rose five sen to RM1.65 with 1.65 million shares done.
BIMB Securities Research maintained its “Hold”rating on Dialog Group Bhd at RM1.60 with a higher target price of RM1.75 (from RM1.67) and said Dialog’s 9MFY15 net earnings of RM211.5 million were above house earnings forecast, making up of 91% of house full year estimate.
In a note today, the research house said year-to-date earnings had reported a 29.3% improvement due to contributions from upstream activities and fabrication activities as well as improved operating margin.
“In view of the stronger earnings, we are revising our FY15-17 forecast upwards by 13%-25%.
“Dialog has also declared a 1 sen dividend.
“Our target price is now higher at RM1.75 from RM1.67 previously. Maintain Hold,” it said.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to [You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)