Latest news with #DialogGroupBhd
New Straits Times
12 hours ago
- Business
- New Straits Times
Bursa's Energy Index breaks from pack on oil price rally
KUALA LUMPUR: Bursa Malaysia's Energy Index rose to the top of sectoral gainers, driven by a global rally in oil prices amid heightened geopolitical tensions in the Middle East. It was the only index to post a gain of over one per cent, bucking the broader downtrend across sectors that persisted into the afternoon session. As at 3pm, the 31-stock Energy Index had climbed 1.32 per cent, or 9.73 points, to 745.44. Year-to-date, the index is still down 10.23 per cent. Reservoir Link Energy Bhd, Hibiscus Petroleum Bhd and Dialog Group Bhd were among the most actively traded counters fuelling the sector's gains. At press time, Reservoir Link rose 1.35 per cent to 37.5 sen. The counter was the third most active with nearly 40 million shares changing hands, its highest single-day volume in at least six months. Hibiscus Petroleum led the gainers in the oil and gas space, surging 7.02 per cent or 12 sen to RM1.83 on 17.21 million shares traded. Bumi Armada Bhd edged up half a sen to 47.5 sen, while Dialog Group Bhd added four sen, or 2.60 per cent, to RM1.58 with 6.32 million shares traded. The rally in energy stocks followed a spike in global crude oil prices after United States military strikes on Iran intensified concerns of supply disruptions in the Middle East. Brent crude futures for August rose 2.4 per cent to US$79 a barrel, while West Texas Intermediate (WTI) climbed 2.5 per cent to US$73.84. Both benchmarks had earlier jumped as much as four per cent to hit four-month highs, with Brent briefly touching US$81 a barrel. At the time of writing, Brent and WTI were trading at US$77.51 and US$74.31 respectively, both up about 0.65 per cent on the day and marking their highest levels in a month. In Tehran, Iranian Supreme Leader Ayatollah Ali Khamenei vowed retaliation against "the Zionist enemy" in his first public statement since the US joined Israel's attacks on Iran. Market participants anticipate further price gains as fears grow that Iran may retaliate by closing the Strait of Hormuz, a vital chokepoint for about one-fifth of the world's crude oil supply. Back home, the FTSE Bursa Malaysia KLCI rose 0.51 per cent, or 7.62 points, to 1,510.36, rebounding from last Friday's close of 1,493.19. Apart from energy, financial services was the only other sectoral index in the green, up 0.43 per cent. The day's biggest sectoral decliners were the Transportation & Logistics, Technology, and Healthcare sectors, which fell 1.28 per cent, 1.23 per cent and one per cent respectively.
The Star
16-06-2025
- Business
- The Star
Trading ideas: Axiata, Dialog, Kretam, KJTS, UUE, NuEnergy, Rex, Ping Edge, IOI, Cuckoo
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Axiata Group Bhd has completed the sale of its Myanmar tower operations for a revised US$90.0mn (RM380.4mn), down from the originally proposed US$15.0mn. Dialog Group Bhd has won a 14-year production-sharing contract from Petronas for the development of the Mutiara Cluster field in Sabah. A consortium led by DCAH Holdings and individuals Chiong Kiau and Chiong Hang Leong has acquired a 10% stake in Kretam Holdings Bhd for about RM162.0mn, becoming its second-largest shareholder. KJTS Group Berhad had entered into a Memorandum of Understanding with Shenzhen Envicool Technology Co., Ltd. on 13 June 2025 to jointly pursue data centre infrastructure projects, with a focus on innovative, energy-efficient cooling solutions in ASEAN. UUE Holdings Bhd has secured 3 new contracts worth RM83.4mn from Sutera Utama Sdn Bhd. NuEnergy Holdings Berhad had accepted offers for the disposal of 20,625,000 ordinary shares on 13 June 2025, representing 10.14% equity interest in Hengyang Petrochemical Logistics Limited via married deal through Singapore Exchange, for a total cash consideration of SGD3.3mn. Rex Industry Bhd has received a mandatory takeover offer at 10.0sen/share from new major shareholder ETA Industries Sdn Bhd, after the latter acquired a 40.6% stake for RM26.8mn, or 10.0sen/piece. Ping Edge Technology Bhd , a commercial kitchen equipment supplier, closed 52.2% or 12.0sen higher at its trading debut on Bursa Malaysia's LEAP Market on Friday. IOI Corporation Bhd said former Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar will join its board as a senior independent and non-executive director on June 16, 2025. Cuckoo International Bhd, which is slated to debut on the Main Market of Bursa Malaysia on 24 June 2025, saw modest demand from the Malaysian public for its initial public offering, with an overall oversubscription rate of less than 1.5 times.
The Star
13-06-2025
- Business
- The Star
Dialog wins 14-year PETRONAS contract for Mutiara Cluster field in Sabah
PETALING JAYA: Dialog Group Bhd had won a 14-years production sharing contract from Petroliam Nasional Bhd (PETRONAS), for the development of the Mutiara Cluster field in Sabah. In a Bursa filing, Dialog noted the contract was awarded to its wholly owned subsidiary Dialog Resources Sdn Bhd which will assume 100% participating interest and the role of operator for the marginal field cluster contract. The 14-year contract includes a two-year pre-development phase to prepare a field development and abandonment plan (FDAP) and assess the asset's commercial viability, followed by a two-year development period with production targeted by its end. The remaining 10 years will be allocated for the production phase, subject to PETRONAS' approval of the FDAP upon reaching the final investment decision. Dialog said its participation in the Mutiara Cluster contract complements its strategy to continue to expand and diversify across the energy sector and increase opportunities within the group. 'This is expected to create a robust platform for generating long-term sustainable revenue from oil and gas production, reinforcing Dialog's position as a leading integrated technical service provider,' it added. Dialog's shares closed at RM1.57 a piece today.
New Straits Times
08-06-2025
- Business
- New Straits Times
Dialog seen ripe for re-rating on potential tank terminal contracts
KUALA LUMPUR: Dialog Group Bhd's stock could see an upward re-rating once long-term tank terminal contracts for its Pengerang Deepwater Terminal (PDT) Phase 3 are secured. Hong Leong Investment Bank Bhd (HLIB Research) said near term potentials include storage leases for ChemOne's aromatics plant and Petronas' joint venture biorefinery. The firm maintained its forecasts and reiterated a 'Buy' call on Dialog, keeping the target price unchanged at RM2.59. "We believe the eventual award of long-term tank terminal contracts for PDT Phase 3 will help re-rate the stock, which is currently trading at a reasonable valuation of 16 times forecast earnings for financial year 2026, compared to its five-year mean of 23 times. "We like Dialog for its recurring income business model and its unique position in riding the future expansion of Pengerang via development of tank terminals," it said in a research note. HLIB Research also highlighted that Dialog's downstream engineering, procurement, construction and commissioning business has swung back to minor profitability in the third quarter of financial year 2025 (3Q25). It said the group had assured that there would be no further cost provisions in anticipation of the official handover of Melamine plant in Kedah and gas compressor plant in Kluang to Petronas by the second half of 2025. On the midstream front, HLIB Research said storage rates edged up slightly to S$6.4 (RM20.98) to S$6.6 (RM21.63) per cubic metre in 4Q25, compared to S$6 (RM19.67) to S$6.5 (RM21.31) over the past year. It noted that this uptick was driven by stronger storage demand from oil traders, spurred by increased crude supply from OPEC+ and softening oil prices amid escalating trade tensions and heightened demand uncertainty. "The temporary shortfall from upstream in 4Q25 should be mitigated by better midstream contribution," it said.
The Star
16-05-2025
- Business
- The Star
Dialog to continue its focus on midstream business
The company said ongoing projects in the upstream segment will count towards its diversification strategy. PETALING JAYA: Dialog Group Bhd will continue to focus on its longer term strategy of growing its sustainable and recurring income. Dialog Group has the second largest independent terminal owner-cum-operator in South-East Asia with a current operating capacity of 5.1 million metres cube. Dialog's midstream business will continue to be its core focus and it will continue to invest in phased capacity expansions for dedicated long-term customers across its mid-stream terminals business portfolio. The group will also focus on the development of Pengerang Deepwater Terminals to transform it into one of the largest petroleum and petrochemical hubs for the wider Asia Pacific region. For new projects in the downstream segment, the group said it will conduct thorough risk assessments for new projects and strategically pursue opportunities that align with its risk management framework and strategic goals. This is due to the current geopolitical and market uncertainties. 'We will take a cautious and selective approach to bidding for engineering, procurement, construction and commissioning contracts to prioritise in-house projects,' it said. In its upstream business, Dialog said it will continue to grow its presence through the development and rejuvenation of oil and gas fields. Ongoing projects here in the upstream segment will count towards its diversification strategy, it said. In its third quarter ended Mar 31, Dialog saw a decline in both its revenue and net profits. Net profits for the third quarter declined year-on-year (y-o-y) by 13.6% to RM134.97mil while revenues dropped 17.6% y-o-y to RM578.81mil. 'The current net profit position is a recovery from the net loss of RM125.6mil in the preceding quarter. 'The performance in the current quarter was driven by contributions from both the company's Malaysia and international operations, as well as share of profits from the group's joint ventures and associates,' it said. Within Malaysia, the group said its performance was driven primarily by midstream and upstream operations. 'The midstream operation reported better performance with increased earnings from higher tank storage occupancy and increased tariff rates at our independent terminals. The upstream operation continued to deliver strong production volume from its assets,' it said. 'The revenue and profits contribution for the current financial quarter was, however, reduced slightly when compared to the same period last year due to lower realised oil prices,' it added. On the international front, Dialog said revenue and profits achieved in the current financial quarter was lower y-o-y due to reduced business activities.
