So far, these are the Research Houses that have come out with their TP on Dialog recently after this Langsat 3 acquisition :

CIMB - RM3.13 (Add)
Ambank - RM2.75 (Buy)
Maybank - RM2.63 (Buy)
Kenanga - RM2.55 (Outperform)
Affin - RM2.30 (Hold)

Average : RM2.67 TP.

Expecting Dialog price to pass RM2.40 tomorrow trading for a new high before trading sideways until Q1 results announced and AGM press conference.

@shocklim - I'm expecting announcement of the Phase 3 reclamation and expansion anytime from now until 1stH2018, staggerred with SPV4, 5, 6,7, etc. especially with China who definitely would want to have a base in PDT with RAPID being a one-stop centre for O&G petrochemical hub.

Assume SPV4 is similar structure to SPV2, 1milcu/m3 will bring about RM0.20/share and Dialog are already running on 5.0mil cu/m3, with its potential landbank reclamation, Dialog has capacity to increase to another minimum 5.0mil/cu/m3, hence RM1.00/share. I'm actually working on very prudent numbers.

RM3.00 price is easily achievable by mid-2018 end-2018. I'm pretty sure that Dialog will throw in a capital raising exercise in between with sweeteners (free warrants) to shareholders to participate in the growth of Dialog.

Kenanga upgraded their TP for Dialog to RM2.55 from RM2.42 earlier valuing LGT3 expansion at RM0.13/share. Phase 3 reclamation & expansion still the main re-rating catalyst which will take Dialog share price beyond RM3.00/share.

@casanwk @Mustovoi @dialog ...

What's your reading on the TA charts ?

Although both Chartnexus & MQTrader have similar MACD signal lines @ 0.039, Chartnexus has its RSI @ 67% whilst MQTrader @ 75.9% ??

I still see some further uptrend in Dialog price at least to RM2.41 but what say you guys?

OK.. no we know the reason for the recent spike of Dialog shares...

LGT 3 entered into a Lease Agreement and Sale of Facilities Agreement with Johor Corporation respectively on 10 November 2017 as follows:-

(1) Lease Agreement with Johor Corporation (“JCorp”) to lease 2 parcels of land (Plot A = 18 acres & Plot B = 17 acres) at Tanjung Langsat, Johor, Malaysia from JCorp for a term of thirty (30) years for a total lease rental of approximately RM62 million (“Lease Payment”).

(2) Sale of Facilities Agreement (“SFA”) with JCorp for the purchase of a tank terminal facility located on Plot A of approximately 100,000 cubic metre (“cbm”) in storage capacity for RM91 million.

The combined land area of Plot A and Plot B which are situated next to DTSB’s existing tank terminal facilities can support development of additional storage tanks capacity of approximately 300,000 cbm (including existing 100,000 cbm on Plot
A).

ok...no some simple number crunching...
Existing Langsat 1 & 2 CTF (80%) - 650cbm³ ~ RM0.35

Additional 300cbm³ on same terms (very prudent) ~ RM0.35/650 x 300 ~ RM0.16 (RM0.05 immediate Plot A + RM0.11 future Plot A & B).

Average SOP Dialog price ~ RM2.25 (b4 PDT Phase3+++) + RM0.16 = RM2.41 adjusted new price (FY2019).

So... immediate RM2.41
FYE 2018 = RM2.41 + RM0.16 = RM2.61
FYE 2019 = RM2.90 + RM0.16 = RM3.06

Lets see what the analyst have in their TP's...

@ shocklim - AGM is fixed for 23/11/2017 and normally Dialog will announce their Q1 results before their AGM, so I guess it will be sometime 20/11 or 21/11.

You know something is brewing in Dialog when in general share prices on Bursa Malaysia closed lower at midday on lack of follow-through support with some profit-taking seen in selected counters, but DIALOG is supported up 4sen... Q1 results must be good with improved NTA from Langsat consolidation. Dialog should be chasing RM2.40 soon..

Time to buy...RM2.20... nibble! If it goes down.. no worries.. Dialog fundamental still intact.

Thanks for the info Mustovoi... I'm doubtful you'll see 2.17 any time soon.

Q2 results will be announced in 3 weeks time which i believe is going to be a another record profit & improved NTA (now with Langsat consolidated) + additional profits from SPV1 expansion (both EPCC & Tanking) + possible additions EPCC & Tanking from Phase 3 reclamation and Tanking (with China party) + possible Langsat expansion.

Numbers wise, I believe a confident 25% increase (history=17%-24%) in Dialog profit from these "projects" on FYE17 actual profit of RM373million works out to be RM466.3million in FYE18 and a modest 20% in FYE19 works out to be RM560.0million in FYE19.

EPS=RM0.083 FYE18 @ 5 years historical PE average of 29X, intrinsic value of Dialog is RM2.41 whilst EPS=0.10 FYE19 @ 5 years historical PE average of 29X, intrinsic value of Dialog is RM2.90.

casanwk & Mustovoi... does that mean that support level is established at RM2.22 ?

Retreat and consolidate at what price please? I had support at RM2.10 previously which was not breached but now I do believe it would have support at RM2.15 thereabouts?

I'm pretty confident of Dialog's fundamentals.

Actually, at present, what I need is a TA chartist to give us their insight of Dialog presently. My limited knowledge on TA is haywire on this stock movements recently. i had buy orders ready @ RM2.10 support level but the price instead shot-up ...So.. any TA chartist willing to share their knowledge..pls do.. I'd appreciate it very much..Cheers.

WOW !!! Cant believe CIMB initiated coverage of Dialog with a TP of RM3.07 !!! Waiting for the report, meantime.. re-allocating more resources into DIALOG !!

All technical indicators pointing bullish outlook. Price will inch upwards towards RM2.15 intermediary level waiting for Q1 record results & catalyst news to punch RM2.20-RM2.30 by end of 2017.

Consolidation acquisition of Langsat Tanking Terminal would not only enhance results but also pave way for expansion of capacity and hence EPCC contracts. With this announcement, Dialog share price is expected to hover around RM2.00 level as an upgraded support level and stabilise around RM2.05-RM2.10 in the intermediary term.
I still believe, Phase 3 reclamation and China participation will be the re-rating catalyst news which should happen before end-of the year 2017... look forward for the announcement and also the improved Q1 results...

Charts still showing downward trend.. established support level @ RM1.90, seek new support @ RM1.95 thereabouts.. sideways until catalyst re-rating news on Phase 3 China coming in and Q1 results in Nov17.

Any TA chartist out there willing to part with their knowledge on the technical indicators of Dialog ?

TA Chart RSI indicating overbought position... time to sell RM2.10 price hit. Wait for it to find support @ RM2.00 before embark on new high..

Still got plenty more upside.. confirmed SPV1 expansion for Vopak will yield another minimum RM0.15sen from the TP price.. due to be ready by Q1-2019.

Dialog shareholders... FYI... with the no-par-value regime, Dialog has approx RM774 million in share premium account arising from warrant & esos conversions and this has been transferred to Share Capital in accordance with the Co. Act requirement. However, Dialog is given a 24 month grace period to decide on how to utilise this share premium ie. just remain as paid up capital, issue as bonus shares, issue as dividend in specie, etc. Something to look forward to...

Both fundamental & technical indicators are showing an upward price movement trend. The TA charts shows a heavy accumulation period evidencing an impending price advance supported by its MACD increasing upside momentum. Both RSI & Stochastic displays bullish divergence looking forward to support break price of RM1.92.

Perhaps waiting for a re-rating catalyst announcement... and I do believe something is brewing within Dialog. With Saudi's Aramco taking a stake in Petronas RAPID in Pengerang, I strongly believe CHINA would want a piece of this PDT cake especially in securing crude and LNG storage.

Dialog have 500 acres of undeveloped land here in Pengerang to accommodate 5.0 million cubic metre storage terminals. On assumption that CHINA takes up a crude storage of 1.0 million cu m and LNG storage of 400,000 cu m, this would bring in Dialog approx RM4 billion project cost....

easily a RM0.40sen upside potential from EPCC and JV profits FYE 18 & 19.

So.. I'm looking at RM2.05 within a month, RM2.20 by end 2017, RM2.50 mid 2018 & RM3.00 in 2019....

I just realised that I've been promoting Dialog since 2010... WOW !

The Group delivered a strong financial performance for the financial year ended 30th June 2017 with revenue of RM3.39 billion, an increase of 33.9% from last year. Group’s net profit after tax increased by 23.8% to RM373.1 million from RM301.3 million recorded last year.

Just read the FUTURE PROSPECTS:

With the on-going operations of Pengerang Deepwater Terminal Phase 1 and current construction of Phase 2, the Group is now working towards expanding Phase 1 as well as securing new potential partners for Phase 3, which will include the development of industrial land and more petroleum and petrochemical storage terminals. Phase 3 and future phases will be developed on a total of approximately 800 acres comprising reclaimable land and the buffer zone. Further development of the Pengerang Deepwater Terminal will provide more opportunities for the Group’s engineering, construction, fabrication and plant maintenance services.

In the upstream sector, the Group is actively developing new reserves from the existing contracts. At the same time, the Group is also on the lookout for viable production assets, which may become available for possible acquisition.

The Group continuously reviews its resources to ensure efficient and effective utilisation and will continue to look for new opportunities to enhance its recurring income streams. In order to sustain its continuous growth, the Group will further improve and strengthen the skills of its manpower.

Barring any unforeseen circumstances, the Group is optimistic that it will continue to deliver a strong performance for the financial year ending 30 June 2018.


We can expect chasing of Dialog shares upto about RM2.05 thereabouts and seek support at that level until next set of results released in November 2017. All shareholders can look forward to another rewarding year in 2017 & 2018 with this prospects. Assuming a modest 20% increase in PAT for FYE 2018, this would mean RM447million and EPS ~ 0.083sen. Core PE 30X, intrinsic value of Dialog RM2.49.

So, I'm predicting a rise form current level of RM1.93 to RM2.05 immediately, then hover around the +-10c band before a step-up climbs upwards toward RM2.20 level by end 2017 and RM2.50 by mid-2018. Monitor the TA charts.

A lot of people will say that Dialog is riding on a very high PE compared to its peers, but imho, there are "hidden" values in Dialog earning them the high PE, quality of business assets & operations, quality of management & operation personnels, expansion possibilities & reserves, +ve cashflow generation biz model... Dialog will be a CASH rich company in the near future with free +ve cashflow of RM300 million per annum.

Read the extract of the "confident" prospects statement made by the the Board..

The Group's financial track record has proven that DIALOG’s business is well risk-managed and sustainable.

(A) The Group is now working towards securing new potential partners for Phase 3, which will
include the development of more petroleum and petrochemical storage terminals. Further development of the Pengerang Deepwater Terminal will provide more opportunities for the Group’s engineering,construction, fabrication and plant maintenance services.

(B) The Group is also developing an industrial estate with a land area of approximately 170 acres that would support the development of further downstream petroleum and petrochemical industries in Pengerang, Johor.

(C) In the upstream sector, the Group is on the lookout for viable production assets, which may become available for possible acquisition.

Just imagine the earnings that would be derived from (A), (B) & (C) in the future..

What a great set of results and prospects reported.
Q3 net profit of RM97.8mil and 9mths ytd net profit of RM272.2mil (EPS 1.74sen for Q3 and 9mths YTD EPS of 5.00sen.
It will be record breaking FYE 30/6/2017 when they announce Q4 results in Aug17.
Seems like support level for Dialog has been established at around RM1.85 and now will be testing its RM2.00 barrier..
Don't miss it's re-rating catalyst..

There us no missing the boat on Dialog.... just be patience... track it via TA and buy on weakness, it will come down to 1.85 thereabouts (hopefully) before climbing up past RM2.00.
Based on its Pengerang project, I see Dialog priced around RM3.00 by 2019...

RM1.90 hit already... now wait for sideway trading +-RM0.07 before pushing for next target of RM2.00.

RM1.70 reached.... now Dialog will move +/- 5c from this level ... inching upwards towards RM1.80 sometime May and push towards it's valuation of RM1.90 by August 2017. Buy..buy..buy.. on weakness.

35% increase in net profits Q1 2016/17 results... with nett cash. should be seeing some buying interests soon to bring the share price back up to RM1.60 - RM1.70 level. one resilient long term cash profit making company....

RM2.94... new high... waiting for it to cross RM3.00. Then in August RM3.50 before announce results!

It will break RM3.00 after Q4 results announcement in August.

Hmmm... seems like no sellers put there... small volume!

ANALYSIS BY SIZE SHAREHOLDINGS
Size of Holdings No. of Shareholders % No. of Shares %
Less than 100 21 4.36 745 0.00
100 to 1,000 55 11.41 34,282 0.03
1,001 to 10,000 290 60.17 1,264,900 1.05
10,001 to 100,000 89 18.46 2,666,008 2.22
100,001 to less than 5% of issued shares 23 4.77 23,517,661 19.60
5% and above of issued shares 4 0.83 92,516,404 77.10
TOTAL 482 100.00 120,000,000 100.00

Before HSC Healthcare sold their shares (19%) out to increase the free float, 27 shareholders were holding 96.7% shares of the company. Now HSC Healthcare holds about 4%, meaning the 27 shareholders holding 100,000 shares and above now holds 77.7% of the total shares (means 93.24million shares). However, with HSC disposing their shares to institutional buyers, the actual free float remains small and these shareholders are all in for the longterm to reap the benefits of SIGN's boz profitability & dividend.

Point to ponder...

I really would waste time trying to counter strykerjunior's comments. If he believes kitchen cabinet industry is a sunset industry then there is nothing that could change his perspective. It would mean that the "Condo property market" is also going to be a sunset industry ! The big condo property players will always throw in built-in kitchen cabinets (which had been contracted with the contractor) with various design options thrown in when they offer the condo's for sale. This is of course a win-win situation for both developer and contractor. This is the trend now even in Australia ! You might want your kitchen top to be made of solid gold or the cabinet handles to be solid gold but those are options you discuss with the developer/contractor when you purchase the condo... if you don't like the design, well you either don't buy the condo or after your purchase, you rip it off and rebuild it with your own kitchen cabinet contractor ! While I can agree there is no entry barrier... there is still a contractor track record to rely on and not just any tom dick harry kitchen cabinet contractor... for 200 over units in a condo??
Before a dividend commitment can be decided, the company needs to assess their cashflow, becoz this sort of kitchen cabinet contractor can only make claims for completed projects and subject to warranty period. Hence, they need to finance the project first, before getting their cash later. Over a period of time they can build their cash chest to finance future projects whilst balancing it with bank borrowings and pay dividends to shareholders.
Well... that's my 2 cent worth...

Don't be fooled by this so called assets valued at RM51.4 billion.

From what i gathered, these lands were bought form the government cheap eg. RM60 psf. Lets assume the land size is 1,000,000 sq ft, which means cost would have been RM60million.

Hence, if 1MDB classified these as Investment Properties, then the accounting standards allows the company to fair value them annually and recognise the profits into P&L. This is what 1MDB did... it would seem fair value of these land is much higher, eg. @ RM2500 psf, they would create a HUGE profit and the assets would valued at RM2.5billion, creating a revaluation profit of RM2.44billion !

Don't forget that the original borrowings of 1MDB id still RM42billion, and they actually used the funds (using the above example, land for only RM60million), and spend the rest of the rest of the borrowings elsewhere on other similar assets & expenses! The revaluation amounts just covers up the expenditure which has yet to be identified and explained by 1MDB !!

Let me put the above into another perspective...

Assume I am very influential and well connected to the government and I borrowed RM1,000,000 from the bank and i spend it as follows:

Bought 50,000 shares in ABC @ RM5.00 = RM250,000.00**
Bought 30,000 shares in XYZ @ RM7.00 = RM210,000.00
Paid wife a hefty bonus to buy diamond ring = RM500,000.00
Cash held in bank = RM 40,000.00
------------
RM1,000,000.00
------------
** MV is RM25.00 per share, but I managed to buy it @ RM5.00 becoz of connection with government.
XYZ went bust becoz JhoLow siphoned it out and shared with me to party!

Now, BANK and public is asking me to show how the hell where the hell is the RM1,000,000.00 that I borrowed...


Well... this is how I tell them:

50,000 shares in ABC @ RM25.00 = RM 1,250,000.00
Cash held in bank = RM 40,000.00
---------------
RM 1,290,000.00
---------------

I got assets worth RM1.29million !

GET THE PICTURE?????

THIS IS 1MDB !!!!

Sigh... 2.51/52

Hopefully I can still buy tomorrow at this price thereabouts RM2.38 or even lower... Just look at the results.. 9mths EPS RM0.29c... even if I assume 4Q EPS @ RM0.07c, that would mean an annual EPS of RM0.36c... take a comparative industry average PE of 8X (CIMB says 10X), the intrinsic value of SIGN is RM2.88 minimum ! Potential gain of RM0.48 which is approx 16.67% gain...
and... NTA is RM1.28... if the receivables are converted to cash and pay liabilities, that would push cash holding to RM50million (after RM5mil dividend)..approx RM0.42c per share... high dividend payout possible !
I have bought Sign @ RM2.30 & RM2.60... so I'm buying further coz I believe SIGN can achieve the target price easily over time... definitely NOT for traders ! Cheers !

Hold until end August, see the price climb to RM3.50 based on fundamentals.. earnings...

Another plus point for TSH is the BOD... they are committed, young and experienced to propel TSH to greater heights.
From the shareholding spread list, there are only 356 shareholders out of ~6000 shareholders who holds >100,000 shares each and collectively, these 356 shareholders control 95% of the total shares of TSH... which means they are in for the long term!

Not to worry so much... this counter NOT for traders.... TSH fundamentals still intact, they have been new planting regularly so every year there is new production of FFB added into their overall production figures. With its high yield, a steady increase in FFB & CPO price in the future will see their results jump tremendously. Must have confidence in TSH... mid to long term holdings will reward shareholders well !
If price drop, see its tech chart for immediate price support and buy-in... accumulate!
Cheers.

Fly with this counter until 2017...

http://www.thestar.com.my/Business/Business-News/2014/09/19/Indonesia-pulls-back-equity-plan-It-wont-carry-on-with-draft-Bill-on-foreign-ownership-limitation-in/

Now sit and watch the weak holders rushing in to position themselves back into this counter...

RHB just posted a buy call on Dialog with a TP of RM2.27!

PE 42 is NOT reflective of Dialog's potential. This PE is derived based on enlarged capital using FYE30.06.2014 results.
There a couple of rerating catalyst identified that have yet to be unlocked in terms of it's value, hence upside potential is still great... if you were to take in potential profits to be derived from EPCC, upstream activities & tanking biz, my guesstimate forecast profit of RM350mil for FYEJune2015, enlarged capital of 5bil shares, taking it's historical 3 years PE of 30X, projected MV of Dialog is RM2.10.
You will see Dialog's potential when they announce their Q1 profit for FYEJune2015 in Nov this year.

Completion of the 20% farm-out agreement for D35, D21 AND J4 participating interest in the
Production Sharing Contract for the three fields D35, D21 and J4, located offshore Sarawak, Malaysia from ROC to Dialog.

Following the farm-out, the participating interests of the PSC Contractors will be:
PETRONAS Carigali Sdn Bhd 40%
E&P Malaysia Venture Sdn Bhd 10%
Roc Oil (Sarawak) Sdn Bhd 30%
Dialog Resources Sdn Bhd 20%

PETRONAS Carigali Sdn Bhd (“PCSB”) is the Operator of the PSC and retains responsibility for operations and maintenance of the facilities. PCSB has, in addition to ROC’s participation in the PSC, appointed ROC as the PSC Development Manager.

The field re-development and enhancement of oil recovery consist of:

1. Phase 1 – commenced in early 2014 is designed to increase oil production rate and enhance the Fields production potential through a series of intervention activities and facility debottlenecking projects. Phase 1 has a minimum work commitment of US$70 million.
2. Phase 2 - is expected to significantly expand the production and overall recovery potential from the Fields. Phase 2 is subject to a Field Development Plan (“FDP”) sanction, following completion of a series of studies designed to prove the reservoirs’ responses to re-pressurisation and tertiary recovery. Completion of the study work and the subsequent FDP approval process are planned during 2015. Phase 2 has a minimum work commitment of US$50 million and full Phase 2 cost estimates will be refined during the study period.

The PSC terms are designed for field re-development and enhancement of oil recovery to commercially encourage progressive incremental oil development over the full life of the PSC, which expires on 31 December 2034.

The Group closed its Financial Year 2014 with another record revenue of RM2,551.7 million and net profit after tax of RM228.8 million. This represents an increase of 14.1% in revenue and 23.5% in net profit after tax from last financial year.

Trading volume exceeded average volume... something's brewing... Q4 & FYE 2014 results due out soon.

Dialog.. poor results... seriously... price is down becoz foreign & weak & earlier shareholders + EPF portfolio realignment liquidating position.. their results is going to be SUPER and don't be surprised if their oil & gas field profits from D35 (RM1.5million) is not reflected in P&L but as working capital adjustment.

Bonus issue is 1 for 2... so... looks like we can expect some hike first (RM3.80-RM3.90), further upside (RM4.00-RM4.20) announcement of 4Q results and FYE 2104 results this month before approvals and then theoretical ex-price would be @ 66.67% of closing price... good rewarding stock... just like Dialog ! Yeah baby... yeah !