Declared Dividend • May 15
Dividend of RM0.017 announced Shareholders will receive a dividend of RM0.017. Ex-date: 10th June 2026 Payment date: 25th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
Third quarter 2026 earnings released: EPS: RM0.026 (vs RM0.024 in 3Q 2025) Third quarter 2026 results: EPS: RM0.026 (up from RM0.024 in 3Q 2025). Revenue: RM696.9m (up 20% from 3Q 2025). Net income: RM148.3m (up 9.9% from 3Q 2025). Profit margin: 21% (down from 23% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM2.32, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 7x in the Energy Services industry in Malaysia. Total returns to shareholders of 4.5% over the past three years. Announcement • Mar 17
Ocean Fund India Holdings Pte. Ltd. and Circulate Capital Ocean Fund I-B managed by Circulate Capital entered into a Share Purchase Agreement to acquire Dialog Diyou PCR Sdn. Bhd from Diyou PCR Sdn. Bhd. and Dialog Group Berhad (KLSE:DIALOG) for MYR 33 million. Ocean Fund India Holdings Pte. Ltd. and Circulate Capital Ocean Fund I-B managed by Circulate Capital entered into a Share Purchase Agreement to acquire Dialog Diyou PCR Sdn. Bhd from Diyou PCR Sdn. Bhd. and Dialog Group Berhad (KLSE:DIALOG) for MYR 33 million on March 16, 2026. A cash consideration of MYR 2 and of MYR 33 million will be paid directly to Dialog Diyou PCR Sdn. Bhd. to fully repay its bank loan. As part of consideration, MYR 2 is paid towards common equity and MYR 33 million is paid towards non-convertible debt of Dialog Diyou PCR Sdn. Bhd.
As of June 30, 2025, Dialog Diyou PCR Sdn. Bhd reported total assets of MYR 33.6 million.
The expected completion of the transaction is April 10, 2026. Reported Earnings • Feb 13
Second quarter 2026 earnings released: EPS: RM0.024 (vs RM0.023 loss in 2Q 2025) Second quarter 2026 results: EPS: RM0.024 (up from RM0.023 loss in 2Q 2025). Revenue: RM756.3m (up 11% from 2Q 2025). Net income: RM137.7m (up RM267.2m from 2Q 2025). Profit margin: 18% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Board Change • Jan 23
High number of new directors Executive Director & Director of Corporate Strategy Wu Ngau was the last director to join the board, commencing their role in 2026. Announcement • Jan 21
Dialog Group Berhad Appoints Ngau Wu Wei as Executive Director, Effective January 21, 2026 Dialog Group Berhad announced the appointment of Mr. Ngau Wu Wei as Executive Director effective January 21, 2026. Mr. Ngau Wu Wei, aged 49, is a Malaysian national. His directorate is Executive. He holds a Master of Business Administration from MIT Sloan School of Management, USA, a Bachelor of Science in Information and Decision Systems from Carnegie Mellon University, USA, and a Bachelor of Commerce in Accounting and Finance from University of Canterbury, New Zealand. Mr. Ngau Wu Wei has served as Director of Corporate Strategy of DIALOG since November 2018. He joined DIALOG in 2007 and has since held senior leadership roles across sales and marketing, operations, digital and technology, corporate planning, and joint venture management. In April 2021, he was appointed Managing Director of DIALOG Systems (Asia) Pte Ltd. ("DSAPL"), where he oversees international business operations and the Specialist Products and Services division. Prior to joining DIALOG, Mr. Ngau was a Manager at KPMG Consulting/BearingPoint Inc. in New York, providing consulting and advisory services to financial services clients. Mr. Ngau Wu Wei is the child of Tan Sri Dr. Ngau Boon Keat who is the Executive Chairman and major shareholder of Dialog Group Berhad. Upcoming Dividend • Nov 25
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 02 December 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Malaysian dividend payers (5.5%). Lower than average of industry peers (3.4%). Announcement • Nov 20
Dialog Group Berhad Approves Final Single Tier Cash Dividend in Respect of the Financial Year Ended 30 June 2025 Dialog Group Berhad at its AGM held on 20 November 2025, approved the payment of a Final Single Tier Cash Dividend of 1.80 sen per ordinary share in respect of the financial year ended 30 June 2025. Reported Earnings • Nov 19
First quarter 2026 earnings released: EPS: RM0.025 (vs RM0.027 in 1Q 2025) First quarter 2026 results: EPS: RM0.025 (down from RM0.027 in 1Q 2025). Revenue: RM657.0m (up 3.6% from 1Q 2025). Net income: RM140.0m (down 7.3% from 1Q 2025). Profit margin: 21% (down from 24% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 19
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.054 (down from RM0.10 in FY 2024). Revenue: RM2.50b (down 21% from FY 2024). Net income: RM303.8m (down 47% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Oct 17
Dialog Group Berhad, Annual General Meeting, Nov 20, 2025 Dialog Group Berhad, Annual General Meeting, Nov 20, 2025, at 10:00 Singapore Standard Time. Location: ballroom 1, 1st floor, sime darby convention centre, 1a, jalan bukit kiara 1, 60000 kuala lumpur, Malaysia Announcement • Oct 16
Dialog Group Berhad Proposes Final Single Tier Cash Dividend for the Financial Year Ended 30 June 2025 Dialog Group Berhad proposed final single tier cash dividend of 1.80 sen per ordinary share in respect of the financial year ended 30 June 2025. The payment of the Final Single Tier Cash Dividend is subject to shareholders' approval at the Company's Thirty-Seventh Annual General Meeting to be held on 20 November 2025. Reported Earnings • Aug 21
Full year 2025 earnings released: EPS: RM0.054 (vs RM0.10 in FY 2024) Full year 2025 results: EPS: RM0.054 (down from RM0.10 in FY 2024). Revenue: RM2.50b (down 21% from FY 2024). Net income: RM303.8m (down 47% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 6.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Upcoming Dividend • Jun 04
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 26 June 2025. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (3.7%). Declared Dividend • May 17
Dividend of RM0.013 announced Shareholders will receive a dividend of RM0.013. Ex-date: 11th June 2025 Payment date: 26th June 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Third quarter 2025 earnings released: EPS: RM0.024 (vs RM0.028 in 3Q 2024) Third quarter 2025 results: EPS: RM0.024 (down from RM0.028 in 3Q 2024). Revenue: RM578.8m (down 18% from 3Q 2024). Net income: RM135.0m (down 14% from 3Q 2024). Profit margin: 23% (up from 22% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.3% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.67, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 6x in the Energy Services industry in Malaysia. Total loss to shareholders of 23% over the past three years. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to RM1.23, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Energy Services industry in Malaysia. Total loss to shareholders of 51% over the past three years. Major Estimate Revision • Feb 20
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM3.16b to RM2.91b. EPS estimate also fell from RM0.114 per share to RM0.082 per share. Net income forecast to grow 64% next year vs 3.7% growth forecast for Energy Services industry in Malaysia. Consensus price target down from RM2.66 to RM2.29. Share price fell 10% to RM1.62 over the past week. Price Target Changed • Feb 14
Price target decreased by 10% to RM2.35 Down from RM2.62, the current price target is an average from 14 analysts. New target price is 50% above last closing price of RM1.57. Stock is down 16% over the past year. The company is forecast to post earnings per share of RM0.088 for next year compared to RM0.10 last year. Announcement • Feb 14
Dialog Group Berhad Announces Resignation of Zainab Binti Mohd Salleh as Joint Company Secretary Dialog Group Berhad announced resignation of Zainab Binti Mohd Salleh as Joint Company Secretary. Date of Change is February 14, 2025. Puan Zainab Binti Mohd Salleh continues to hold the positions of Group Chief Financial Officer and Executive Director of DIALOG Group Berhad. New Risk • Feb 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Upcoming Dividend • Nov 26
Upcoming dividend of RM0.028 per share Eligible shareholders must have bought the stock before 03 December 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Malaysian dividend payers (4.9%). In line with average of industry peers (2.2%). Announcement • Nov 21
Dialog Group Berhad Approves Final Single Tier Cash Dividend for the Financial Year Ended 30 June 2024 Dialog Group Berhad announced that at the AGM held on November 21, 2024, approved final single tier cash dividend of 2.80 sen per ordinary share for the financial year ended 30 June 2024. Reported Earnings • Oct 24
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: RM0.10 (up from RM0.09 in FY 2023). Revenue: RM3.15b (up 5.0% from FY 2023). Net income: RM575.0m (up 13% from FY 2023). Profit margin: 18% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.4% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 23
Final dividend increased to RM0.028 Dividend of RM0.028 is 17% higher than last year. Ex-date: 3rd December 2024 Payment date: 20th December 2024 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 21
Dialog Group Berhad, Annual General Meeting, Nov 21, 2024 Dialog Group Berhad, Annual General Meeting, Nov 21, 2024, at 10:00 Singapore Standard Time. Location: training room, level 5, dialog tower, no. 15, jalan pju 7/5, mutiara damansara, 47810 petaling jaya, selangor darul ehsan, Malaysia Announcement • Oct 08
Dialog Group Berhad Promotes Encik Mustaffa Kamal Bin Abu Bakar to Chief Executive Officer Dialog Group Berhad announced the promotion of Encik Mustaffa Kamal Bin Abu Bakar to Chief Executive Officer. Age is 60, Date of change is 07 October 2024. Qualifications: Degree in Mechanical Engineering from Nevada-Reno University, USA. Working experience and occupation: Encik Mustaffa Kamal Bin Abu Bakar has more than 37 years of working experience in the oil, gas and petrochemical industry. He was formerly with PETRONAS Carigali Sdn. Bhd. for 5 years and with other oil and gas related companies in design consultancy, construction and fabrication, and maintenance and specialised services. He is also a Council Member of the Malaysian Gas Association. He joined the Group in 2001 as Director, Business Development (Plant Services Division) and was later the Chief Executive Officer of DIALOG E & C Sdn. Bhd. and DIALOG Plant Services Sdn. Bhd. He was subsequently promoted to Group Managing Director for Malaysia Business Operations on 1 November 2009 and later appointed as the Chief Operating Officer of DIALOG on 10 October 2014. Announcement • Oct 07
Dialog Group Berhad Announces Keith Collins Assumes the Role of Chief Operating Officer The Board of Directors of Dialog Group Berhad announced that in line with DIALOG’s business strategies and succession planning for DIALOG to remain resilient and committed to creating sustainable value for all stakeholders, Mr. Keith Collins, who was the Managing Director of Upstream Oil and Gas and is a member of the Executive Leadership Team, has assumed the role of Chief Operating Officer, effective 7 October 2024. Mr. Keith Collins is a British, aged 63 and holds a degree in Chemical Engineering from the University of Manchester, United Kingdom. He has more than 41 years of oil and gas experience, and has considerable expertise in upstream management, drilling, completion, and field development activities abroad and in Malaysia. Prior to joining DIALOG, he was the CEO of Vestigo Petroleum, a wholly owned subsidiary of PETRONAS Carigali for 7 years. In 2021, he joined DIALOG as the Managing Director of Upstream Oil and Gas. Reported Earnings • Aug 16
Full year 2024 earnings released: EPS: RM0.10 (vs RM0.09 in FY 2023) Full year 2024 results: EPS: RM0.10 (up from RM0.09 in FY 2023). Revenue: RM3.15b (up 5.0% from FY 2023). Net income: RM575.0m (up 13% from FY 2023). Profit margin: 18% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Jun 05
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Malaysian dividend payers (4.3%). Lower than average of industry peers (1.9%). Declared Dividend • May 15
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 12th June 2024 Payment date: 27th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
Third quarter 2024 earnings released: EPS: RM0.028 (vs RM0.023 in 3Q 2023) Third quarter 2024 results: EPS: RM0.028 (up from RM0.023 in 3Q 2023). Revenue: RM702.2m (down 13% from 3Q 2023). Net income: RM156.2m (up 19% from 3Q 2023). Profit margin: 22% (up from 16% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.4% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Announcement • Feb 21
Dialog Group Berhad Not to Recommend Interim Dividend in Respect of the Current Financial Period Ended December 31, 2023 The Board of Dialog Group Berhad does not recommend any interim dividend in respect of the current financial period ended December 31, 2023. Announcement • Feb 20
Dialog Group Berhad Reports Property, Plant and Equipment Written Off for the Three Months Ended December 31, 2023 Dialog Group Berhad reported property, plant and equipment written off for the three months ended December 31, 2023. For the period, the company reported property, plant and equipment written off of MYR 41,000. Reported Earnings • Feb 20
Second quarter 2024 earnings released: EPS: RM0.026 (vs RM0.023 in 2Q 2023) Second quarter 2024 results: EPS: RM0.026 (up from RM0.023 in 2Q 2023). Revenue: RM859.2m (up 7.8% from 2Q 2023). Net income: RM148.3m (up 17% from 2Q 2023). Profit margin: 17% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Feb 19
Dialog Group Berhad Appoints Ong Wai Leng as Joint Secretary Dialog Group Berhad announced appointment of Ong Wai Leng as joint secretary. Date of change is 19 February 2024. Announcement • Jan 19
Dialog Group Berhad Announces Resignation of Lim Hooi Mooi as Joint Secretary Dialog Group Berhad announced resignation of Lim Hooi Mooi as Joint Secretary. Date Of Change: 19 January 2024. Upcoming Dividend • Nov 24
Upcoming dividend of RM0.024 per share at 1.8% yield Eligible shareholders must have bought the stock before 01 December 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (1.8%). Announcement • Nov 17
Dialog Group Berhad (KLSE:DIALOG) agreed to acquire Tarpon Platform Systems Malaysia Sdn. Bhd. and All assets of Tarpon Systems International II, LLC from Tarpon Systems International II, LLC and others for $1.2 million. Dialog Group Berhad (KLSE:DIALOG) agreed to acquire Tarpon Platform Systems Malaysia Sdn. Bhd. and All assets of Tarpon Systems International II, LLC from Tarpon Systems International II, LLC and others for $1.2 million on November 15, 2023. On closing and completion of the relevant formalities for the transfer of shares, Tarpon Malaysia will become a wholly owned subsidiary of DIALOG. The consideration will be funded by internally generated funds. The completion of the relevant formalities for the transfer of shares to DIALOG is expected to be within 1 month from the date of this announcement. Board Change • Oct 26
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Exec. Deputy Chair of DIALOG Fitzroy Ltd. Group of Companies & Deputy Chair of DIALOG Property NZ Richard Ellis was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 19
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: RM0.09 (in line with FY 2022). Revenue: RM3.00b (up 29% from FY 2022). Net income: RM510.5m (flat on FY 2022). Profit margin: 17% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.2% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Oct 17
Dialog Group Berhad Proposes Final Single Tier Cash Dividend for the Financial Year Ended 30 June 2023, Payable on 21 December 2023 Dialog Group Berhad announced final single tier cash dividend of 2.40 sen per ordinary share in respect of the financial year ended 30 June 2023. Ex-Date is 01 December 2023. Entitlement date is 04 December 2023. Payment Date is 21 December 2023. The payment of the Final Single Tier Cash Dividend is subject to shareholders' approval at the Company's Thirty-Fifth Annual General Meeting to be held on 16 November 2023. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Full year 2023 earnings released: EPS: RM0.091 (vs RM0.09 in FY 2022) Full year 2023 results: EPS: RM0.091 (up from RM0.09 in FY 2022). Revenue: RM3.00b (up 29% from FY 2022). Net income: RM510.5m (flat on FY 2022). Profit margin: 17% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.4% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 06
Upcoming dividend of RM0.013 per share at 1.6% yield Eligible shareholders must have bought the stock before 12 June 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Malaysian dividend payers (5.4%). In line with average of industry peers (1.6%). Announcement • May 19
Dialog Group Berhad Announces Interim Cash Dividend for the Financial Year Ending 30 June 2023, Payable on 27 June 2023 Dialog Group Berhad announced payment of an interim cash dividend of 1.3 sen per ordinary share held in DIALOG Group Berhad in respect of the financial year ending 30 June 2023. Ex-Date is 12 June 2023; Entitlement date is 13 June 2023; Payment Date is 27 June 2023. Reported Earnings • May 19
Third quarter 2023 earnings released: EPS: RM0.023 (vs RM0.024 in 3Q 2022) Third quarter 2023 results: EPS: RM0.023 (down from RM0.024 in 3Q 2022). Revenue: RM802.8m (up 35% from 3Q 2022). Net income: RM130.8m (down 1.7% from 3Q 2022). Profit margin: 16% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 17
Second quarter 2023 earnings released: EPS: RM0.023 (vs RM0.023 in 2Q 2022) Second quarter 2023 results: EPS: RM0.023 (in line with 2Q 2022). Revenue: RM797.0m (up 46% from 2Q 2022). Net income: RM127.2m (flat on 2Q 2022). Profit margin: 16% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Nov 23
Upcoming dividend of RM0.021 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Malaysian dividend payers (5.2%). In line with average of industry peers (1.6%).