Latest news with #Dialog
New Straits Times
13 hours ago
- Business
- New Straits Times
Dialog seen ripe for re-rating on potential tank terminal contracts
KUALA LUMPUR: Dialog Group Bhd's stock could see an upward re-rating once long-term tank terminal contracts for its Pengerang Deepwater Terminal (PDT) Phase 3 are secured. Hong Leong Investment Bank Bhd (HLIB Research) said near term potentials include storage leases for ChemOne's aromatics plant and Petronas' joint venture biorefinery. The firm maintained its forecasts and reiterated a 'Buy' call on Dialog, keeping the target price unchanged at RM2.59. "We believe the eventual award of long-term tank terminal contracts for PDT Phase 3 will help re-rate the stock, which is currently trading at a reasonable valuation of 16 times forecast earnings for financial year 2026, compared to its five-year mean of 23 times. "We like Dialog for its recurring income business model and its unique position in riding the future expansion of Pengerang via development of tank terminals," it said in a research note. HLIB Research also highlighted that Dialog's downstream engineering, procurement, construction and commissioning business has swung back to minor profitability in the third quarter of financial year 2025 (3Q25). It said the group had assured that there would be no further cost provisions in anticipation of the official handover of Melamine plant in Kedah and gas compressor plant in Kluang to Petronas by the second half of 2025. On the midstream front, HLIB Research said storage rates edged up slightly to S$6.4 (RM20.98) to S$6.6 (RM21.63) per cubic metre in 4Q25, compared to S$6 (RM19.67) to S$6.5 (RM21.31) over the past year. It noted that this uptick was driven by stronger storage demand from oil traders, spurred by increased crude supply from OPEC+ and softening oil prices amid escalating trade tensions and heightened demand uncertainty. "The temporary shortfall from upstream in 4Q25 should be mitigated by better midstream contribution," it said.
Vancouver Sun
26-05-2025
- Business
- Vancouver Sun
Next phase of Richmond's River Green community offers 'location and lifestyle'
Location is always at the top of the checklist, but lifestyle considerations are becoming increasingly important as homebuyers align decisions with their interests, activities and the amenities provided in residential developments. Signature, the next stage of Aspac Development's master-planned River Green community located along 1.1 kilometres of the Fraser River in Richmond, offers location and lifestyle, says Alice Lam, director of sales and marketing, Aspac Developments. Designed by Dialog, Signature comprises three 13-storey residential buildings and includes 365 homes. These range from one- to three-bedroom homes with floorplans from 430 to 1,290 square feet and larger Skyhomes with floorplans from 1,350 to 2,270 square feet while the Sky Garden Mansion will be a 2,385 square feet home with a 2,420 square feet terrace. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Aspac launched the first phase of River Green on the 27-acre site in Richmond in 2013 and since then more than 1,300 homes have been delivered in the established waterfront community, says Lam. In addition to over 50,000 square feet of amenity space for Signature residents there are scenic pathways along the river and nearby bike trails. Shopping (Richmond Centre and Lansdowne Mall) and the Vancouver International Airport are a short drive away while Lansdowne SkyTrain station is a 15-minute walk from River Green. 'We feel like our homeowners who live in this area are not just looking for accommodation, they're really looking for more than just a home – that's why they choose River Green,' says Lam adding, 'they love the quiet, the conveniences, the activities. They do a lot of sports, and they care about their health – that's why we integrated wellness and health into the project.' Signature's comprehensive amenities package will include wellness, social and entertainment features spread across the three towers (Towers A, B and C). In Tower A, Le Jardin de France, a Provence-inspired Garden, surrounds the Astoria Sky Club, a rooftop amenity with views of the Fraser River and space to entertain friends and family. On the ground floor of Tower B, the Braxton Club Room (a lounge with kitchen, media setup, outdoor seating and barbecue facilities) connects with a games lounge while other amenities on this level include a co-working space, multimedia room and two private mahjong rooms. The podium that connects all three towers includes many of the development's fitness and wellness amenities. The fitness centre with its strength and cardio equipment will extend to an outdoor fitness zone while the yoga room has space for stretching, aerial yoga and Pilates equipment. In addition, plans to include a spa pool and chill pool along with sauna and steam rooms plus a Zen garden also lean into the wellness component of the development. 'It's like bringing a five-star spa resort right to your home,' says Lam. The podium also has a children's play area, a fireside terrace and a lawn. 'The amenities have something for everyone, for people of all ages, for families and [their] different needs,' says Lam. Diana Ellis, associate and senior interior designer at CHIL Interior Design says for the amenities there was focus on curating distinct palettes to evoke different moods and uses. 'For instance, the media room features a rich, moody and intimate palette that invites comfort and cosiness. In contrast, the co-working and social spaces – such as the Braxton Club and mahjong rooms –incorporate brighter tones with pops of colour creating a youthful, energetic atmosphere,' she says. The Astoria Sky Club exudes a luxurious ambience with a mix of marble finishes, glossy surfaces, warm wood tones, feature ceilings and decorative lighting, says Ellis. In the lobby, design elements were chosen to create a sense of sophistication and arrival. 'From the marble-fronted concierge counter and the intricately detailed coffered ceiling with integrated lighting, to the softly illuminated archways and the curved wood slat feature wall, the space offers a refined, hotel-like welcome,' says Ellis. Homeowners can choose from two interior design schemes for their units: Sunlit Dream, a light and bright palette, and Twilight Glow, a warm and moody collection. 'Each colour palette was chosen to ensure connectivity to the property's waterfront setting and to complement the surrounding river views,' says Ellis. Both design schemes incorporate high-quality Italian cabinetry custom-designed for Aspac by Cesar, with the Sunlit Dream featuring a light blonde laminate for the upper cabinets while Twilight Glow shows a darker grey oak tone. The same neutral quartz countertops and backsplashes (by Silestone) will be used in both colour schemes with an integrated appliance package by Bosch and polished chrome faucet by Kohler adding the finishing touches. In the bathrooms, the tile selections were inspired by nature. 'Both [colour scheme] options have a stone-nature feel to them: a warm sandstone or a marble look,' says Ellis. Primary bathrooms include dimmable LED-lit mirror cabinets, radiant floor heating and soaker tubs (in some residences). Both these colour schemes are represented at the Signature presentation centre (5111 Hollybridge Way, Richmond) with a one bedroom and den suite highlighting the Sunlit Dream scheme while a two-bedroom two-bathroom suite features the colours and tones of Twilight Glow. Several of the Skyhomes (penthouses)are available with an upgrade package. These enhancements include a custom curved-edge kitchen island by Cesar, Gaggenau appliances and luxury features in the bathroom including a freestanding soaker tub and TOTO smart toilet. The Signature development will also include several features that will up the convenience factor for residents including a keyless entry system, a bike repair station (and secure bike lockers), a pet wash and grooming space, a large parcel storeroom and a car wash facility. Project: Signature at River Green Project address: 6011, 6033, 6055 River Road, Richmond, B.C. Developer: Aspac Developments Architect: Dialog Interior designer: CHIL Interior Design Project size: 365 units Number of bedrooms: one to four bedrooms Price: 1-bedroom: from $559,800; 2-bedroom: from $740,800; 3-bedroom: from $1,266,800 Sales centre: 5111 Hollybridge Way, Richmond B.C. Centre hours: Daily 12 p.m. to 5 p.m. (except statutory holidays) Sales phone: 778-899-2638 Website:
New Straits Times
16-05-2025
- Business
- New Straits Times
Dialog needs major tank terminal wins to boost earnings, share price, say analysts
KUALA LUMPUR: Dialog Group Bhd would need to secure new, large-scale tank terminal contracts in order to drive a re-rating of its share price, as this would strengthen its recurring income base. According to Maybank Investment Bank Bhd (Maybank IB), recurring income currently accounts for 55 per cent of Dialog's core net profit. "Dialog could benefit from ChemOne Group's development of Pengerang Energy Complex and Petroliam Nasional Bhd's RM6 billion development of a 650,000 biorefinery with Eni and Euglena with the need for tank terminals for LT storage of refined/crude products," it said in a note. Dialog reported a decline in net profit for the third quarter of 2025 (3Q25), posting RM134.96 million compared to RM156.16 million in the corresponding quarter last year. Revenue also dropped to RM578.80 million, with the group attributing its performance during the quarter to contributions from both its Malaysian and international operations, along with profit shares from joint ventures and associates. Maybank IB said Dialog remains profitable in its downstream segment through both its engineering, procurement, construction and commissioning (EPCC) and plant turnaround divisions. It added that the group's core net margin rose to a multi-year high of 23.4 per cent in 3Q25, which is an improvement of 0.3 percentage points, likely driven by the absence of losses in the EPCC segment during the quarter. "The results came in within our expectations. As such, we make no changes to our financial year 2025 to 2027 (FY25-FY27) earnings estimates and maintain our target price of RM2.34. "We continue to like Dialog for its operational/financial stability from its midstream tank terminal assets," it added. Hong Leong Investment Bank Bhd (HLIB) noted that Dialog's earnings came in below both its and market expectations, mainly due to higher tax expenses and a slowdown in regional activities as several major projects approached completion in 3Q25. However, the firm remains optimistic about the outlook for Dialog's downstream segment, expecting continued growth supported by an expanding pipeline of plant maintenance projects and potential reversals of earlier substantial EPCC provisions. "The group's midstream operations stayed stellar with near full utilisation (>90 per cent) with storage rates of SG$6-6.5 per cubic meter. "Given the decreasing US dollar/ringgit, its share of joint ventures/associates could potentially see better contributions in the coming quarters due to forex translation gains (Pengerang JV terminals books denominated in US dollars)," it adds. HLIB has revised down its earnings forecasts for Dialog by 10 per cent for FY25, 7 per cent for FY26, and 6 per cent for FY27, reflecting lower expected revenue from the downstream segment and a higher assumed tax rate.
The Star
16-05-2025
- Business
- The Star
Dialog to continue its focus on midstream business
The company said ongoing projects in the upstream segment will count towards its diversification strategy. PETALING JAYA: Dialog Group Bhd will continue to focus on its longer term strategy of growing its sustainable and recurring income. Dialog Group has the second largest independent terminal owner-cum-operator in South-East Asia with a current operating capacity of 5.1 million metres cube. Dialog's midstream business will continue to be its core focus and it will continue to invest in phased capacity expansions for dedicated long-term customers across its mid-stream terminals business portfolio. The group will also focus on the development of Pengerang Deepwater Terminals to transform it into one of the largest petroleum and petrochemical hubs for the wider Asia Pacific region. For new projects in the downstream segment, the group said it will conduct thorough risk assessments for new projects and strategically pursue opportunities that align with its risk management framework and strategic goals. This is due to the current geopolitical and market uncertainties. 'We will take a cautious and selective approach to bidding for engineering, procurement, construction and commissioning contracts to prioritise in-house projects,' it said. In its upstream business, Dialog said it will continue to grow its presence through the development and rejuvenation of oil and gas fields. Ongoing projects here in the upstream segment will count towards its diversification strategy, it said. In its third quarter ended Mar 31, Dialog saw a decline in both its revenue and net profits. Net profits for the third quarter declined year-on-year (y-o-y) by 13.6% to RM134.97mil while revenues dropped 17.6% y-o-y to RM578.81mil. 'The current net profit position is a recovery from the net loss of RM125.6mil in the preceding quarter. 'The performance in the current quarter was driven by contributions from both the company's Malaysia and international operations, as well as share of profits from the group's joint ventures and associates,' it said. Within Malaysia, the group said its performance was driven primarily by midstream and upstream operations. 'The midstream operation reported better performance with increased earnings from higher tank storage occupancy and increased tariff rates at our independent terminals. The upstream operation continued to deliver strong production volume from its assets,' it said. 'The revenue and profits contribution for the current financial quarter was, however, reduced slightly when compared to the same period last year due to lower realised oil prices,' it added. On the international front, Dialog said revenue and profits achieved in the current financial quarter was lower y-o-y due to reduced business activities.
The Star
15-05-2025
- Business
- The Star
Dialog Group maintains positive outlook for FY25
KUALA LUMPUR: Dialog Group Bhd is optimistic about its performance for the financial year ending June 30, 2025 (FY25). 'As the economic environment is expected to remain challenging in the short to medium term, we will continue to build and strengthen our competencies by investing in and upskilling our workforce, and digital transformation to ensure we remain efficient and competitive,' it said in the notes accompanying its financial results. In the third quarter ended March 31, Dialog's net profit fell 13.6% to RM135mil, or earnings per share of 2.39 sen, compared with RM156.2mil, or 2.77 sen in the year-ago quarter. Its revenue fell 17.6% to RM578.8mil from RM702.2mil achieved a year ago. For the nine months ended March 31, Dialog posted a sharply lower net profit of RM156.4mil, down from RM436.6mil, while revenue fell 19% to RM1.9bil from RM2.3bil. It has declared an interim dividend of 1.30 sen per share for FY25, payable on June 26 to shareholders registered in the record of depositors as at June 12. Dialog said it remained focused and steadfast in executing its long-term strategies across the energy sector's upstream, midstream and downstream segments. Backed by a dedicated management team, Dialog said the group is confident that its integrated business model is well-positioned to navigate economic uncertainties, oil price volatility and currency fluctuations. Dialog said it would continue expanding its upstream business by developing and rejuvenating oil and gas fields. The company added that development of the Baram Junior Cluster, a 70:30 joint venture with Petros, started in January 2025 following the final investment decision. Meanwhile, pre-development studies for the RAJA Cluster Small Fields Asset Production Sharing Contract, awarded to DIALOG in December 2024, are currently underway. Dialog, the second-largest independent terminal owner and operator in Southeast Asia with 5.1 million m³ of operating capacity, said its Midstream business will remain a key focus. 'Our focus will be on our ongoing development of Pengerang Deepwater Terminals (PDT) into one of the largest petroleum and petrochemical hubs for the Asia Pacific region. 'Within PDT, Dialog and Petronas Gas Bhd joint venture has commenced work on the liquefied natural gas-driven air separation unit facility,' it said. Dialog is also expanding into renewable fuel storage at Dialog Terminals Langsat 3. The first phase, comprising 24,000 m³ of storage, began operations in February 2025. The second phase, adding 150,000 m³ of capacity, is expected to be completed by September 2026, reinforcing the group's focus on sustainable, recurring income. In its downstream business, Dialog will maintain focus on its core EPCC and maintenance services, adopting a cautious and selective approach to new projects that align with its risk management framework and strategic goals amid market uncertainties.
