Dialog a buy...

Ok, stocks have been flat for a while now and despite the negative sentiments of uncertainty due to the upcoming election, Dialog remains strongly supported ~RM2.75-2.85 range.

The proposed Petronas ~RM50 billion Refinery and Petrochemical Integrated Development (RAPID) in Pengerang, southern Johor, is expected to benefit oil and gas (O&G) players like Dialog Group Bhd and PCHEM.

Dialog, an integrated specialist in technical services in the O&G and petrochemical industry, and the company already has a major presence in Pengerang and the O&G construction segment

The company certainly stands to benefit from the RM50 billion investment by Petronas,
Dialog which already has a progressing terminal project in Pengerang has established itself a significant presence in the O&G downstream segment and has a track record of building various Petronas’ plants across the country.

Today's stock price looks cheap and definitely good for buying in anticipation of a small rally come Jul-Aug.

I remain very bullish of Dialog's 3-6 months stock price. Target RM3.40 in the next quarter.