KUALA LUMPUR: CIMB Equities Research has raised the target price for Dialog Group
from RM1.96 to RM2, which is 25% above the last traded price of RM1.60.
The research house said higher contributions from Pengerang and the production-sharing contract (PSC) for three fields powered Dialog to hit a record quarterly net profit in the third quarter ended March 31, 2015 (3QFY6/15).
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