KUALA LUMPUR: RHB Research has maintained its Buy call on Dialog with a fair value of RM4.12 and lowers its FY14/FY15 earnings estimates by 8.6%/5.7% respectively, taking into account overall lower estimated contribution from Pengerang.
In a note on Friday, the research house said Dialog’s 9MFY14 core net profit of RM142mil was below expectations, as Pengerang Phase 1A only started its commercial operations in 4QFY14.
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