PETALING JAYA: Analysts view Dialog Group Bhd
as a relatively defensive proxy within the oil and gas (O&G) sector due to its recurring tank terminal income and strategic exposure to regional energy infrastructure growth amid prolonged Middle East tensions.
In a note, CGS International (CGSI) Research said it expects the O&G support services player to post an even stronger fourth quarter of 2026 (4Q26), underpinned by higher crude oil prices and increased plant maintenance activities.
“We expect Dialog to deliver stronger profits for 4Q26 because average Dated Brent crude prices rose to US$115 per barrel between April 1 and May 13, 2026 (US$111 per barrel as at May 13), which is 42% higher than the 3Q26 average of US$81 per barrel,” it said.
CGSI Research has maintained an “add” call and a target price of RM2.46, driven by the near-term catalyst of stronger earnings alongside long-term tank terminal and upstream growth.
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