ramsyll was right about

DIALOG above $2.45 by 31-Aug-2012

  • target price: $2.45 ( 9.87 % in 122 days)
  • price when predicted: $2.23
  • current price: $2.21
  • 1875 days pass target date.
  • Exceeded $2.45 on 20-Jun-2012
  • Highest Price $2.54 on 06-Aug-2012
Dialog should be announcing their results sometime in May 2012, and imho, I can only see them showing improved results only based on what they already have in hand (CTF & EPCC) + potential earnings from (a) Pengerang CTF project (b) Saudi Arabia supply base (c) Tanjung Langsat Phase 3 CTF & (d) RSC marginal oil-field in Balai & Bentara.

Dialogs earnings visibility and prospects especially with its Pengerang project (International Oil Trading Hub) is something that I like and looks very lucrative.

Guesstimate EPS of RM0.104 for FYE 2012, with a historic low PE of 25X, gives us a TP of RM2.60, lets just say RM2.50 for this purpose of prediction by 31.08.2012.

cheers.
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I Think So

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Dialog today announced its Q3 results...

In line with the higher revenue, the Group’s net profit for the current financial quarter and yearto-date was up by 10% and 16% to RM45.1 million and RM130.6 million, respectively when compared to last year same periods.
Prospects:
The development under Economic Transformation Programme in both upstream and downstream sectors will generate tremendous opportunities for the local oil and gas players. In this connection, being an integrated specialist technical services provider to the oil, gas and petrochemical industry, the Group will benefit from such opportunities.
The development of the Independent Deepwater Terminal in Pengerang will not only bring in short to medium term contribution from engineering and construction activities in Malaysia, but also long term recurring income when the tank facilities are operational. In addition, the Group is investing in the upstream oil and gas opportunities, including the development and production of petroleum under the Small Field Risk Service Contract.
The Group continues to grow its technical services, such as, its specialist products & services, engineering, procurement, commissioning & construction and plant maintenance services.

Barring any unforeseen circumstances, the Group is optimistic that its performance will be favourable for the financial year ending 30 June 2012.


Also read OSK's report:
http://www.osk188.com/adminv2/UserFiles/OSK188-Malaysia/Article/Dialog%20Group_All%20is%20Well_20120510_OSK.pdf

cheers.
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