Maybank Keeps Dialog Group At Buy, MYR2.60 Target

 Maybank IB Research keeps Dialog Group (7277.KU) at Buy with an unchanged target of MYR2.60. The house says Dialog, together with consortium partner Roc Oil (ROC.AU), is tipped by the market as the next local candidate to develop Petronas' marginal field projects under risk sharing contracts for Balai and Bentara. The house says it is keeping forecasts unchanged for now, but the RSCs, if they materialize, will provide "ample room for earnings upgrade." In addition, the current forecasts exclude full potential earnings from Dialog's Pengerang CTF operations, Saudi Arabia supply base, and Tj. Langsat CTF's Phase 3 and beyond. The stock is up 1.6% at MYR2.56.