$DIALOG / 7277 (DIALOG GROUP BERHAD)
Research by MIDF
Buy – TP RM2.72

“Steady Earnings Throughout FY24"

• FY24 normalised earnings up +13%yoy, slightly below estimates
• Upstream and midstream segments showed better performance, but downstream saw delays, cost overruns
• Geopolitics and favourable Brent benefits upstream EPCC, storage farms; but downside risks higher operational cost remain
• Maintain BUY with unchanged of TP: RM2.72

Analyst:
MIDF Research
research@midf.com.my