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Research by RHB
Buy – TP RM3.09

“Strong Landing; Keep BUY"

Keep BUY with new MYR3.09 TP from MYR2.96, 24% upside and c.2% FY25F (Jun) yield. FY24 results surpassed expectations, with core earnings strengthening by 20% YoY, backed by a ramp-up in Dialog’s domestic and international operations. We see new midstream capacity expansion as long- term growth drivers amidst delivering a strong set of results.

Analyst:
Sean Lim, CFA 
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$KLSE-DIALOG
Research by RHB
Buy – TP RM3.09

“Strong Landing; Keep BUY"

Keep BUY with new MYR3.09 TP from MYR2.96, 24% upside and c.2% FY25F (Jun) yield. FY24 results surpassed expectations, with core earnings strengthening by 20% YoY, backed by a ramp-up in Dialog’s domestic and international operations. We see new midstream capacity expansion as long- term growth drivers amidst delivering a strong set of results.

Analyst:
Sean Lim, CFA 
sean.lim@rhbgroup.com