[%LibL%]
Research by Maybank
Buy – TP RM3.16

“4Q24: Strong quarter; FY25E to be a new growth chapter"

Dialog’s 4QFY24 results came in broadly in line at the upper range of our forecasts. Post-updates of full-year figures, our FY25-26E earnings are tweaked by +1%/+1% respectively, and we introduce FY27E net profit of MYR760m. Our SOP-TP is marginally reduced to MYR3.16 (from MYR3.17). Dialog remains our top BUY . We continue to like Dialog for its operational/ financial stability from its dedicated midstream tank terminal assets.

Analyst:
Jeremie Yap
[%qxdf%]

$KLSE-DIALOG
Research by Maybank
Buy – TP RM3.16

“4Q24: Strong quarter; FY25E to be a new growth chapter"

Dialog’s 4QFY24 results came in broadly in line at the upper range of our forecasts. Post-updates of full-year figures, our FY25-26E earnings are tweaked by +1%/+1% respectively, and we introduce FY27E net profit of MYR760m. Our SOP-TP is marginally reduced to MYR3.16 (from MYR3.17). Dialog remains our top BUY . We continue to like Dialog for its operational/ financial stability from its dedicated midstream tank terminal assets.

Analyst:
Jeremie Yap
jeremie.yap@maybank-ib.com