KUALA LUMPUR: Dialog Team Bhd’s 1st quarter (Q1) effects has broadly achieved expectation at 22.9 for each cent and 24.9 per cent of revenue and main earnings estimate respectively, claimed PublicInvest Investigation.
In a investigation report right now, PublicInvest stated moreover that, the benefits are also in line with consensus at 22.1 for every cent of profits and 22.9 per cent of main earnings.
It claimed Dialog’s Malaysian functions grew 24.4 for each cent predominantly from its midstream and downstream actions, in distinct engineering and development (E&C) and plant upkeep from a variety of jobs.
The higher E&C income however was marginally offset by slower upstream functions and decreased revenue in specialist products and solutions and solutions, it reported.
Revenue from worldwide functions grew 7.9 for each cent owing to bigger income of expert products and solutions and technological expert services. The improved functionality having said that was curbed by decreased E&C activities in Singapore.
PublicInvest stated Dialog’s on-heading Pengerang Deepwater Terminal (PDT) functions which have 1.3million m3 underneath Phase 1 are presently raising capacities by an supplemental 430,000 m3.
“The design of Phase 2 is on plan. The Team is also in the midst of securing potential partners for Stage 3, which we understand will be undertaken on an 800-acre plot comprising of reclaimable land and a buffer zone allotted for future phases which contain the improvement of industrial land and additional petroleum and petrochemical storage terminals.
“The PDT enhancement will present more possibilities for products and services to be delivered by the Group’s engineering, design, fabrication and plant maintenance divisions,” it stated.
PublicInvest has reaffirmed its “outperform” suggestion on Dialog with unchanged focus on selling price of RM2.89, centered on its operational monitor record and steady expansion techniques.