Key Points from Dialog quarter report

• Higher profit from increased production in upstream activities.

• Stable revenue from operating Terminals Langsat and Terminal Pengerang 5.

• Higher profit due to increased tank storage occupancy rates.

• EPCC and plant maintenance projects reported losses.

• Increased activities at Jubail Supply Base, Saudi Arabia led to higher revenue and profit.

• Terminal business currently has an operating capacity of 5.1 million m³.

• Associate company Morimatsu Dialog is expanding its fabrication facilities.

• Building a specialty chemical plant producing malic acid at BASF Petronas Chemical Complex in Gebeng, Kuantan.

• Venturing into storage facilities for renewable fuel products at Terminal Langsat 3.

My Opinion:

EPCC Profit Potential: The EPCC segment is expected to turn profitable once Dialog renegotiates new contracts. Many existing contracts were signed during the low oil price era, resulting in low margins.

Pengerang Land Bank: Dialog has a vast land bank in Pengerang, which could benefit from chemical companies relocating from Singapore to Johor.

Strong Management: The management is handling operations well and has clear growth prospects.

Overall, it's a solid company with a promising future. Just my 2 cents.