KUALA LUMPUR: CIMB Equities Research said DIALOG GROUP BHD [] remains an OUTPERFORM, with the potential share price triggers being more marginal field contracts and the US$20bn Rapid project in southern Johor.
It said on Monday, Aug 22, that fresh from securing a contract worth up to US$950m for the Balai marginal field, Dialog is pumped to land more projects not just in Malaysia but also in the region.
In an interview with The Edge, management said that the cash call announced on 18 Aug is aimed at building up the company's war chest for future projects, which CIMB Research believes will include more marginal fields and the US$20bn Rapid project.
'Pending further details, we maintain our forecasts and our SOP-based target price of RM3.48. Dialog remains an OUTPERFORM, with the potential share price triggers being more marginal field contracts and the Rapid project,' it said.
It said on Monday, Aug 22, that fresh from securing a contract worth up to US$950m for the Balai marginal field, Dialog is pumped to land more projects not just in Malaysia but also in the region.
In an interview with The Edge, management said that the cash call announced on 18 Aug is aimed at building up the company's war chest for future projects, which CIMB Research believes will include more marginal fields and the US$20bn Rapid project.
'Pending further details, we maintain our forecasts and our SOP-based target price of RM3.48. Dialog remains an OUTPERFORM, with the potential share price triggers being more marginal field contracts and the Rapid project,' it said.
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