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Overview
Financial Highlight
HeadlinesBusiness Background Dialog Group Bhd provides technical services to the upstream, midstream, and downstream sectors in the oil, gas, and petrochemical industry. Its comprehensive range of services includes logistics, engineering and construction, fabrication, and maintenance. Products range from pumps, pipe support, and diagnostic services for upstream operations to multi-purpose dispensers and petrol retail and convenience stores. Dialog Group works on multiple phases of the oil and gas value chain and has several technology partners to enhance solutions. The company's customers are primarily multinational oil majors, national oil companies, and multinational engineering and services providers. It has offices in multiple regions of the world but generates the majority of its revenue in southeast Asia.
  newbie5354_ 7-Dec-2018 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 11,834,400 shares on 14-Dec-2018. https://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=DIALOG 18/12/2018 11:01 newbie5354_ T4Q P/E | EY: 36.02 | 2.78% https://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=DIALOG 18/12/2018 11:04 ramsyll its a pity at times need to school ignorant loud share "players"... substantial shareholders i.e. 5% shareholding or more are in the investment for long term, and it would have been bought way back couple of years ago probably RM1.80 thereabouts. With holdings of 200-300 million shares, and average volume of Dialog's daily trading of 10 million shares, they have to take a longer period of time buying & selling taking profits whenever they realign their portfolio holdings. pe 36 is cheap for Dialog based on 2 factors. i. past 5 years average history pe was 46x. ii. the biz model of Dialog in the O&G sector involved in 3 segments, upstream, midstream & downstream which balances their proven profitability over the years in volatile oil prices movements. Oil price drop, upstream lower profit but midstream profit up due to tanking and visa-versa. Sometimes, when contracts are involved, it has a "period", hence completion of contracts will result in contract staff termination which is normal in the biz. Dialog just launched a new ESOS for staff and it reflects a "growth" to look forward to which staff are being rewarded for their contribution. You have to look at Dialog future, and workout its future intrinsic value. If you think there is a good mid-long term prospects, then invest in it and trade along the way. Have anyone thought of the potential take-over potential of Dialog by PETRONAS ? Cheers. 18/12/2018 15:01 Marcum PE 36 is too high. Is not having a great growth story ahead Dialog NOT pure O&G also buildhigh rise condo in Australia and industrial estates in pengerang so PE will go down say arnd 15-20z. Delays with phase 3, have no customers and so now are sacking hundreds of staff experienced on phase 2. Phase 3 cost will go up as resulti . KWP sell 40+Mill shares in one week!! Pet won’t take over haha - They will build own tanks at half the price as they organized and good management. 18/12/2018 21:19 commonsense Hi ramsyll, I think investors are not doubting Dialog business performances. Tan Sri Ngau has a track record on delivering value to shareholders. He and his management team has been able to grow the financials of the company from a revenue of RM1.1bil and core PBT of RM150mil recorded in 2010 to revenue of RM3.1bil and core pbt of RM563mil in 2017. This translate to a an avg growth rate of 15.4% and 20% respectively. Not many companies are able to deliver this type of growth especially those from the O&G industry. The only thing that worry investors is the valuation which is now around 34x PE. For this type of valuation people will be expecting a profit growth of at least 15% (at this rate profit will double in 5 years). Most analysts are actually projecting a core profit growth for the company in the next 2 FYs at least (FY19 & FY21) with the core PBT in FY20 projected to be around RM672mil (avg of 5 analysts). Growth is good which show the management ability in growing the company but still the avg growth rate is only 9.2% which might be below some of the investors expectation. The average PATAMI for FY20 (from the same 5 analysts) is RM 536mil. At the current share price that would translate to 29.8x fwd PE. Hopefully Dialog managed to deliver higher than expected profit growth in the near quarters to dispel some of the worries that investors has on its rich valuation. If you are looking to diversify your portfolio outside of the O&G industry (due to the current oil price volatility), I would recommend you to look at MBMR. MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19. Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Good luck. 19/12/2018 10:25  necro ramai staff kena buang...kesian oo...cut cost staff think can help your profit a lot kerr? 19/12/2018 12:09 Marcum Ya lah - Poor staff who commit to Dialog now slaughtered is so bad. This stock going under rm2.0 by year end 19/12/2018 14:07 Marcum Manee staff approaching us at rapid looking for jobs. phase 3 got delays. No room at rapid now work as coming to end same 19/12/2018 16:01  James Ng https://klse.i3investor.com/blogs/general/187276.jsp [转贴] [DIALOG GROUP BHD：Pengerang深水码头（“PDT”）第一期的正在进行的运营目前正在扩大430,000立方米，炼油和石化综合开发（“RAPID”）专用石油和石化终端2A阶段将在2019年初全面完工] - James的股票投资James Share Investing 20/12/2018 11:08  paktua73 done sell back 65% share on hand..at 3.00,3.01 earn contra profit here.. on board at 2.95,2.96 tut tut munkir janji join back here 20/12/2018 16:22 paktua73 paktua manage sold back all from 3.00 till 3.03 brink back capital lock some profit tut tut 26/12/2018 16:39 paktua73 paktua manage buy big some at 2.75 for first bath.. will reload more on 2nd bath soon tut tut always buy when red come 08/01/2019 10:14 paktua73 manage sold back 85% from 2.82,2.81 reduce share on hand secure back capital earn big some profit its only a tactical step for more strong later left 15% balance share avrrge pershare at 2,7475 tut tut 08/01/2019 15:21 paktua73 with balance share on hand paktua still in huge paper profit now tut tut will ride till on the sky 09/01/2019 11:20 ky75 https://www.thestar.com.my/business/business-news/2019/01/10/dialog-eyes-investments-in-specialty-chemical-plants/ 11/01/2019 16:42 paktua73 done sold back all balance share at 3.05,3.04 lock huge profit will be back soon tut tut 17/01/2019 16:14 Marcum Dialog is tanking now. The profit for this year low and turnover low. However they paints it Dialog is in for a drop below 2.5 soon. Sell while you can above 3 12/02/2019 08:22 ky75 Haha...buy while below 3...I have feeling that this qr maybe they will declare bonus issue. Maybe 10 free 1...:) 14/02/2019 12:08 SamuelLuke Those players in O&G sectors can sell lo, time to watch construction.... the worst time is over. Place your bet and wait for your reward. O&G sector will now meet its worst challenge. Sell now while your have your profit!!! 15/02/2019 10:06 paktua73 At last manage sold back 65:% from 3.17,16,15 After reload silently from 2.27,98.. Secure back capital Lock big some profit Tut tut Love play cuti cuti angpow 15/02/2019 15:45 James Ng https://klse.i3investor.com/blogs/general/193673.jsp [转贴] [Facebook live:浅谈Dialog Group bhd (Dialog)] - James的股票投资James Share Investing 16/02/2019 09:11 James Ng https://klse.i3investor.com/blogs/general/193681.jsp [转贴] [DIALOG GROUP BHD：Pengerang深水码头（“PDT”）第1阶段的持续运营目前正在扩大430,000立方米，第3阶段将在PDT内约300英亩的土地上开发，指示性初始投资成本为25亿令吉] - James的股票投资James Share Investing 16/02/2019 11:15  |
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