Dialog aims to reduce volatility
PETALING JAYA: Dialog Group Bhd will focus on diversifying across the value chain with regard to its oil and gas business to reduce earnings volatility, according CIMB Research.
Quoting Dialog executive chairman Tan Sri Ngau Boon Keat, the brokerage noted that Dialog would continue to work towards integrating the upstream-midstream-downstream aspects of its oil and gas businesses.
“The underlying rationale is to reduce earnings cyclicality in the context of pursuing structural growth, as a cyclical upswing in one sector can offset a cyclical downswing elsewhere,” CIMB Research said.
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