Dialog earnings set to extend upcycle into FY27
KUALA LUMPUR: Dialog Group Bhd is expected to maintain its earnings momentum into financial year 2027 (FY27), with new upstream projects and midstream capacity supporting growth despite moderating Brent crude prices, according to Hong Leong Investment Bank Bhd (HLIB).
Dialog Group Bhd is expected to maintain its earnings momentum into financial year 2027 (FY27), according to Hong Leong Investment Bank Bhd (HLIB). Analyst Thye May Ting highlighted that new upstream projects and midstream capacity, such as the Cendramas and Baram Junior Cluster projects, should lift upstream contributions and offset lower realized oil prices and natural production declines.
Dialog's FY26 core net profit rose 46% year-on-year to RM617.6 million, with upstream earnings expected to increase to 30-40% of the earnings mix for FY27, while midstream should remain at about 50% and downstream at 10-20%.
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