【DIALOG 7277 交流专区】戴乐集团

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戴乐边佳兰终站吞吐量 或纳普氏能源报价评估

财经新闻 财经  2015-03-11 08:12
（新加坡10日讯）油价报价公司普氏能源（Platts）表示，考虑将戴乐集团（DIALOG，7277，主板贸服股）有份参与的边佳兰终站吞吐量，纳入目前仅限于新加坡的馏分油和汽油的报价评估。

麦格劳希尔金融（McGraw-Hill Financial）旗下的普氏能源，在文告中指出，考虑将新加坡外的装载点，纳入在报价评估中，包括巴西古当、丹绒冷刹，以及数个浮式储油装置。

边佳兰终站是由戴乐集团和荷兰皇家孚宝集团（V0PAK）所联营，拥有6个停泊处，可容纳130万立方米。

普氏能源的这项新报价考量，将让交易商在装载货物时更具弹性，也能改善市场流动。

新加坡是亚洲最大的石油交易中心，但土地不足打击市场发展，因此花费数十亿美元，在邻国大马和印尼投资和兴建储存设备。

普氏能源为区域大部分石油产品贸易提供报价指标，计划从7月1日开始，调整燃油、汽油、喷气燃料等产品的装载点评估。【南洋网财经】

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边佳兰石油终站　戴乐集团看好招资

南马  2015年03月16日
（新山16日讯）戴乐集团主席丹斯里饶文杰表示，国际油价虽然在过去出现下跌现象，但以长期来看，石油价格仍会稳定上扬，相信拥有优越地理位置的边佳兰独立深海终站，將会吸引大量投资者前来投资。

他说，目前该终站已有约100余艘船只使用港口设施作为油槽设备，该计划的第2阶段投资额高达6亿3000万令吉，第3阶段的投资额也已高达2亿7000万令吉。

他表示，现阶段，共有近3000名左右的员工参与戴乐集团的此项计划，该公司也会优先给予本地人士工作机会。

饶文杰是于今日，出席边加兰独立终站私人有限公司迎接来自中东的最大型油轮「MTMesdar」的欢迎仪式上，发表上述谈话，出席者包括了该公司的首席执行员刘细发。

处于策略性位置

饶文杰表示，这艘由俄罗斯的船长拉迪米及26名船员负责驾驶，长达333公尺的大型油轮，用了2个星期的时间从中东海域抵达该终点站，为这个东南亚首个独立深海终站设备，创造了另一个歷史性的里程碑，同时也证明了该区域，已成功成为主要的油气中心。

他重申，该石油终站设在柔佛边佳兰东南部，面积逾500英亩，主要为大型油轮（VLCC）提供港口设施、装卸、贮存、混合与分销石油和原油產品的油槽设备，因此在种种良好的条件下，將会吸引潜在的新客户。

他强调，边佳兰拥有24公尺深的海域，该码头从去年4月开始营运后如今业务良好，边佳兰靠近新加坡和印尼的策略性地理位置，开发石化工业拥有佔据天时、地利、人和的优势。【东方网财经】

Type	Announcement
Subject	OTHERS
Description	MAIDEN CALL BY VLCC AT PENGERANG DEEPWATER TERMINAL
Dialog Group Berhad (“DIALOG”) is pleased to announce that Pengerang Deepwater Terminal, with a draft of up to 24 metres, located at Pengerang, southeastern tip of Johor, Peninsular Malaysia has today received its very first Very Large Crude Carrier (“VLCC”) – the Liberian-registered “MT Mesdar”. The 333-metre long vessel weighing in 315,802 metric tonnes arrived from the Middle East to discharge its crude oil cargo at Phase 1 of the deepwater terminal. “MT Mesdar” is the first VLCC to call at Pengerang and, the first to berth at Malaysian jetty, since the recent commissioning of the crude oil tanks in early March 2015. To date, more than 100 vessels have used the terminal which offers petroleum and crude storage facilities for trading purposes. Phase 1 terminal of the Pengerang Deepwater Terminal which is owned by Pengerang Independent Terminals Sdn Bhd, a joint venture between DIALOG (46%), Royal Vopak (44%) and State Secretary, Johor (Incorporated) (“SSI, Johor”) (10%), had commenced operations in Q2 2014. Phase 1 has a storage capacity of approximately 1.3 million cubic metres together with six deepwater berths at a cost of RM2.0 billion with the capability to handle the storage, blending and distribution of crude oil, petroleum, chemical and petrochemical feedstock, products and by-products. The Pengerang Deepwater Terminal, an Entry Point Project under the Economic Transformation Programme ("ETP"), is a deepwater terminal development on 500 acres of reclaimed sea-bed land with proposed storage capacity of 5 million cubic metres. Strategically located at one of the world’s busiest shipping lanes with close proximity to the regional trading hub in Singapore, the Pengerang Deepwater Terminal project is built with deepwater jetty facilities, 24 metres deep, enabling it to handle VLCCs. The entire development may take another 10-15 years to be fully complete and will create huge impact to local communities through creation of many economic activities as it will also complement the RAPID project that was announced last year. Upon completion, the Pengerang Deepwater Terminal will be able to handle the bulk breaking and bulk-building activities for crude oil, petroleum products and Liquefied Natural Gas (“LNG”). The Pengerang Deepwater Terminal has the potential to become a regional oil and gas hub owing to its strategic location close to one of the busiest international shipping lanes and close proximity to Singapore. DIALOG is currently investing in the Pengerang Terminal Phase 2 Project at Pengerang Deepwater Terminal which involves the construction of the storage capacity of approximately 2.1 million cubic metres and a deepwater jetty with twelve berths at an approximate total project cost of RM6.3 billion. DIALOG is also currently investing in the Pengerang LNG Project for the development of LNG regasification facilities comprising of a regasification unit and two (2) units of 200,000 cubic metres LNG storage tanks with an initial send out capacity of 3.5 million tonnes per annum (“MTPA”) (equivalent to approximately 490 million standard cubic feet per day (“MMscfd”) of natural gas at a total estimated project cost of approximately RM2.7 billion. Phase 1 terminal together with the investments in Pengerang Terminal Phase 2 Project and Pengerang LNG Project at Pengerang Deepwater Terminal will synergise with DIALOG’s investments in tankage facilities in Kertih, Terengganu in eastern Peninsular Malaysia and Tanjung Langsat, Johor, in southern Peninsular Malaysia. The development of Pengerang Deepwater Terminal is part of DIALOG’s business strategy to own terminals and tankage facilities which will result in an increase in its sources of sustainable and recurring income. This announcement is dated 16 March 2015 and a copy of the press release by Pengerang Independent Terminals Sdn Bhd is attached herewith. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1903481

Attachments PITSB Press Release 16March2015.pdf

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籌27億注入邊‧佳蘭戴樂計劃照跑

2015-03-20 16:30      
（吉隆坡20日訊）戴樂集團（DIALOG,7277,主板貿服組）將尋求股東批准，以籌集27億令吉注入邊佳蘭兩大項目，分析員樂觀看待這項建議，認為這是兩大項目未因國際油價重挫而喊停的好預兆。

該公司昨日宣佈，將注入資金予兩家特別用途公司（SPV）。這兩家公司的成立，主要是為了發展邊加蘭第二期計劃及邊加蘭液化天然氣計劃，總資本各為63億及27億令吉。

根據文告，戴樂集團分別持有上述兩家公司的25%股權，以此推算，該公司需要注資18億9千萬令吉和7億5千萬令吉。這意味著若這兩家公司完全發行股票集資，戴樂集團需依據持股比例撥給27億令吉的資金。

肯納格研究表示，由於上述資本開銷龐大，相信戴樂集團必須集資才能應付。

“假設該公司配售10%股票予指定投資者，以1令吉56仙計，這將可籌集8億令吉左右，佔上述資本開銷的30%。我們也不排除該公司發行附加股的可能。”

融資成本將提高8550萬

分析員認為，如果戴樂集團需要承擔27億令吉的資金，其負債比將從0.3倍提高至1.5倍，這是假設戴樂集團貸款投資這兩家公司，以貸款利息4.5%計，戴樂集團的融資成本將提高8千550萬令吉左右。

“若兩家公司採用結合貸款及股票等其他方式集資，戴樂集團的負債比則可能較低。”

目前，邊加蘭首期項目的1A工程及1B工程已經開始投運，而1C工程尚在測試當中。

肯納格研究說，該公司為邊佳蘭孚寶（VOPAK）建立的210萬立方米的存儲空間，預計在2019年可完成，屆時可提振戴樂集團工程、採購、建造和啟用（EPCC）業務，預計將提高55億令吉的營收。

此外，該公司也參與邊加蘭天然氣化船的項目，預計2017年第四季竣工，將貢獻公司2018淨利，戴樂集團持有該項目25%的股權。

肯納格表示，該公司需面對EPCC工程延期及資本開支資金現金流的風險。

總的來說，分析員看好該公司在邊佳蘭煉油及石油化學綜合發展計劃（RAPID）下，為公司建立經常性營收。

分析員表示，以綜合估值（SOP）法計算，維持該公司1令吉67仙目標價及“同步大市”評級不變。若該公司發行10%的新股，屆時目標將從調整至1令吉50仙。（星洲日報／財經‧報道：謝汪潮）

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Whether the corporate proposal involves the issuance of new type and new class of securities?	No
Types of corporate proposal	Others
Details of corporate proposal	Conversion of warrants 2012/2017 to ordinary shares
No. of shares issued under this corporate proposal	90,306,663
Issue price per share ($$)	MYR 1.190
Par Value ($$)	MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units	5,053,312,627
Currency	MYR 505,331,262.700
Listing Date	23/03/2015

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Name	Azam Utama Sdn Bhd
Address	Room 1, 3rd Floor Wisma Kwong Siew 149 Jalan Tun H.S.Lee 50000 Kuala Lumpur
NRIC/Passport No/Company No.	190320-M
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.10 each
Name & address of registered holder	Please refer below

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	23/03/2015	35,000,000	1.190

Circumstances by reason of which change has occurred	Conversion of warrants to ordinary shares
Nature of interest	Direct interest
Direct (units)	462,315,418
Direct (%)	9.15
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	462,315,418
Date of notice	23/03/2015

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Name	Wide Synergy Sdn Bhd
Address	Room 1, 3rd Floor Wisma Kwong Siew 149 Jalan Tun H.S. Lee 50000 Kuala Lumpur
NRIC/Passport No/Company No.	366494-T
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.10 each
Name & address of registered holder	Please refer below

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	23/03/2015	35,000,000	1.190

Circumstances by reason of which change has occurred	Conversion of warrants to ordinary shares
Nature of interest	Direct interest
Direct (units)	454,195,376
Direct (%)	8.99
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	454,195,376
Date of notice	23/03/2015

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Name	Tan Sri Dr Ngau Boon Keat
Address	LiVillas Condominium, Unit C1308 No. 1 Jalan 16/20 46350 Petaling Jaya Selangor Darul Ehsan
NRIC/Passport No/Company No.	480608-71-5107
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary Shares of RM0.10 each
Name & address of registered holder	Please refer below

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	23/03/2015	90,306,663	1.190

Circumstances by reason of which change has occurred	Conversion of warrants to ordinary shares
Nature of interest	Direct & Deemed interest
Direct (units)	59,985,985
Direct (%)	1.19
Indirect/deemed interest (units)	1,103,331,526
Indirect/deemed interest (%)	21.85
Total no of securities after change	1,163,317,511
Date of notice	23/03/2015

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Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF PENGERANG DEEPWATER TERMINALS SDN BHD
We are pleased to announce that Dialog Group Berhad ("DIALOG") has on 30 March 2015 incorporated a wholly owned company, Pengerang Deepwater Terminals Sdn Bhd ("PDTSB”). PDTSB was incorporated with an authorised share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each of which 2 ordinary shares have been issued and fully paid-up. PDTSB is intended to be an investment holding company.             This announcement is dated 31 March 2015.

APULA

低油价利中下游业务　戴乐对今年业绩乐观
财经  2015年04月03日
http://www.orientaldaily.com.my/index.php/business/cj2015528

（吉隆坡3日讯）儘管国际油价仍未回弹，但戴乐集团（DIALOG，7277，主板贸服股）指出，该公司的中游及下游业务將从中受惠，预料公司2015財政年（6月30日结账）可交出令人满意的业绩表现。

戴乐集团执行主席丹斯里饶文杰博士在週五的股东特別大后的记者招待会上表示，虽然近期国际原油价格下跌，將会影响公司的上游业务；不过，中下游业务却从中受益。

他透露，上、中、下游3大业务对集团的贡献比重，各为1/3。有鑑于此，他预测，公司今年依然可交出让人满意的表现，同时，上游业务的净利贡献比重，预计將会下跌至20%-25%。

此外，饶文杰透露，隨著市场有更多的石油供应，这也意味著，石化储存设施的需求也会提升。

当询以对原油价格走势的展望时，他指出，该公司主要是以提供服务为主，並非贸易公司，所以並不担忧油价走势会影响公司。但他相信，国际油价並不会在短期內看见明显的復甦跡象。

特大通过联营建议

周五，戴乐集团召开特大的议案是，寻求股东批准早前宣布的联营建议。

该公司通过联营的方式，与3方合作承包边佳兰终站第2阶段项目--原油和石化储存相关设施。相关联公司分別是边佳兰码头（2）私人有限公司（SPV2）及边佳兰码头（3）私人有限公司（SPV3），戴乐集团將分別投入19亿令吉及7亿5000万令吉作为成本。

以上2家联营公司的股权，分別由戴乐集团子公司--Dialog Equity（TWO）私人有限公司、PRPC Utilities公司、Vopak与柔佛州政府共同持有，各持有25%、40%、25%及10%股权。

对此，饶文杰表示，「在股东特大上，股东们都全力支持此项目。」至于此项目的投资资金，將通过资本市场（转换现有凭单）、银行贷款及內部融资所筹集。

他指出，目前公司的负债率为0.2倍，料此投资项目成本，在未来3至4年內，將把负债率推高至0.5倍左右。不过，饶文杰认为，该负债率仍处在可接受水平，因为该项目在未来將为公司提供经常性收入。

寻上游业务商机

另外，该公司目前的石化储存量为230万立方米，一旦边佳兰终站第2阶段完成后，將提升至420万立方米。同时，该公司目前的石化储存设施的使用率超过90%。

除此之外，饶文杰说，虽然该公司目前会专注中游业务的发展，但仍旧会不断寻找及探討上游业务的发展机会。

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發展成本拖累‧戴樂3年成長受限

2015-04-10 17:59      
（吉隆坡10日訊）戴樂集團（DIALOG,7277,主板貿服組）負責的邊佳蘭計劃正如期進行，由於受發展成本入賬影響，分析員預期未來3年成長放緩；一旦第二期計劃逐步提供盈利時，2018財政年起將強勁成長。

分析員預測2018財政年淨利增長超過28%，相比2014至2017財政年之年均複合增長率（CAGR）為9%。

馬銀行研究日前實地訪問邊佳蘭計劃發現，第一期130萬立方公尺儲藏量已投運，達100%使用率，自去年3月投運總共有133艘船隻停靠。猶有空間在需求上升時，增至100萬立方公尺。

第二期計劃預計在4年間建竣，包含石油（150萬立方公尺，22儲藏槽）和石化（20萬立方公尺，34儲藏槽）；建築工程，預期各於2018年7月和2019年1月竣工。

第三期涉再氣化（常年輸出產能達350萬公噸）和40萬立方公尺貯槽終站，最近動工，預計2017年投運。

“戴樂已在預計的500英畝土地中，進行了330英畝土地挖填工程，這也包含第四期的液化天然氣儲存槽。若發揮全面潛能，總儲存產能將達500萬立方公尺。”

分析員維持“買進”評級，目標價1令吉90仙不變。（星洲日報／財經）

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财经新闻 财经  2015-05-13 12:15
http://www.nanyang.com/node/700346?tid=462

218万售欧子公司

戴乐集团子公司戴乐服务欧洲，以40万英镑（218万令吉）脱售间接子公司戴乐Technivac，予尼日利亚的Cakasa公司。

这是为了响应戴乐集团的策略，即重新专注大马和亚太区域的转换管理服务市场。

该集团在2007年时，是以126万英镑（856万令吉）购入戴乐Technivac，这将造成约36万3200英镑（198万令吉）的交易亏损，而后者也不再是戴乐集团的子公司。

Type	Announcement
Subject	OTHERS
Description	DISPOSAL OF DIALOG TECHNIVAC LIMITED
The Board of Directors of Dialog Group Berhad (“DIALOG” or “the Company”) wish to announce that on 11 May 2015, its subsidiary, Dialog Services Europe Limited (“DSEL”) has disposed of its wholly owned subsidiary, Dialog Technivac Limited (“DTL”) to Cakasa (Nigeria) Company Limited for a total cash consideration of GBP400,000 (approximately RM2.18 million based on exchange rate of RM5.45 / GBP1) (“Sale Consideration”) (“Share Sale”). The disposal of DTL, which is principally involved in the provision of catalyst and process material handling services, is in tandem with DIALOG’s strategy to refocus its catalyst handling services market to Malaysia and the Asia Pacific region. Both DSEL and DTL are companies incorporated in United Kingdom. The disposal involves the sale of the entire paid-up share capital of DTL comprising of 313,500 ordinary shares of GBP1.00 each in DTL. The Sale Consideration was based on a willing-buyer willing-seller basis, after taking into account DTL’s unaudited net liabilities as at 30 September 2014 and audited net liabilities as at 30 June 2014 of GBP103.1 thousand and GBP115.5 thousand respectively. DSEL’s original cost of investment in DTL was GBP1.26 million (equivalent to RM8.56 million) which was made in 2007 and the Share Sale resulted in a transaction loss to DIALOG of approximately GBP363.2 thousand (equivalent to RM1.98 million). The sale proceeds will be used for working capital purposes. DTL ceased to be a subsidiary of DIALOG with effect from 11 May 2015. The Share Sale has no effect on the share capital and substantial shareholders’ shareholdings of DIALOG and has no material impact on the earnings, net assets and gearing of DIALOG. The Share Sale does not require approvals from the relevant authorities and the shareholders of DIALOG. None of the directors of DIALOG, major shareholders of DIALOG and/or persons connected with them have any interest, whether direct or indirect, in the Share Sale. This announcement is made pursuant to Para 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This announcement is dated 12 May 2015.

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砂油田帶動‧戴樂第三季淨利漲65%

2015-05-13 10:14      
（吉隆坡12日訊）由於砂拉越岸外3項油田的產出分享合約（PSC）作出貢獻，戴樂集團（DIALOG，7277，主板貿服組）截至2015年3月31日止第三季淨利按年猛漲65.17%至8千184萬7千令吉。

9個月淨利則揚升至2億1千149萬8千令吉，按年揚29.25%。

第三季營業額走高4.92%至6億6千976萬令吉，9個月營業額則報17億8千159萬9千令吉，較前期減少6.62%。

派息1仙
6月10日除權

該公司建議派發每股1仙單層中期股息，6月10日除權。

該公司董事部在文告中說，大馬業務運作在第三季取得更佳業績表現，主要歸功於上游業務活動作出貢獻，尤其是3項產出分享協議，集團在邊佳蘭的深水終站1C階段建築和工程工作亦已竣工。

國際業務方面，因工程、建築和新加坡廠房維持活動放緩，加上特殊品銷售降低，同期營業額下滑21%，淨利亦跌14%，惟前期數據實際上包含了一次性脫售盈利。

對於未來，董事部認為油價下滑將降低各種石油和石化產品的生產成本，對中游和下游領域帶來正面影響。

“市場對儲藏設備的需求料持續上升，而邊佳蘭深水終站發展活動將為集團旗下工程和建築部門帶來機會，集團亦將從握有的儲油設備中賺取長期經常性收入。”

該公司還透露，邊佳蘭深水終站的第一階段發展目前已完全運作，至今已有超過160艘船艦使用該終站，集團目前正進行第二階段發展，同時亦為剩餘階段找尋新合作夥伴，以發展更多石油、石化和液態儲藏設備。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	669,760	638,324	1,781,599	1,907,956
2	Profit/(loss) before tax	110,155	63,514	280,670	209,876
3	Profit/(loss) for the period	85,706	54,141	220,061	173,583
4	Profit/(loss) attributable to ordinary equity holders of the parent	81,847	49,553	211,498	163,633
5	Basic earnings/(loss) per share (Subunit)	1.65	1.01	4.28	3.34
6	Proposed/Declared dividend per share (Subunit)	1.00	1.10	1.00	1.10
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3870		0.3180

Remarks :

Note for No. 5The earnings per share are calculated based on weighted average number of ordinary shares of RM0.10 each in issue of 4,969,502,000 shares after deducting treasury shares for the current financial quarter. (4,906,711,000 shares in previous year corresponding quarter after adjusting for the effect of the bonus issue of 1 for 1 which was completed on 25 July 2014.)Note for No 6 The Board of Directors has on 12 May 2015 declared an Interim Single Tier Cash Dividend of 1.0 Sen based on the enlarged share capital of 5.0 billion shares after 1-for-1 bonus issue in July 2014 (preceding year: 1.1 Sen based on 2.4 billion shares) per ordinary share in respect of the financial year ending 30 June 2015. The entitlement to the Interim Single Tier Cash Dividend will be determined based on shareholders registered in the record of depositors as at 12 June 2015 and the date of payment will be on 25 June 2015.Note for No 7The net assets per share for the preceding year has been adjusted for the bonus issue of 1 for 1 which was completed on 25 July 2014.

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EX-date	10 Jun 2015
Entitlement date	12 Jun 2015
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Payment of an Interim Single-Tier Cash Dividend of 1 sen per ordinary share held in Dialog Group Berhad in respect of the financial year ending 30 June 2015.
Period of interest payment	to
Financial Year End	30 Jun 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHD (.)Level 6, Symphony HouseBlock D13, Pusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	25 Jun 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	12 Jun 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0100
Par Value	Malaysian Ringgit (MYR) 0.100

icy97

利好支撐業務‧戴樂3年財測上調

2015-05-13 16:45      
（吉隆坡13日訊）戴樂集團（DIALOG，7277，主板貿服組）最新盈利創新高，分析員認為該公司業務前景受到多項利好支撐，普遍上調其2015年至2017年財測。

分析員認為，戴樂集團未來業務表現，包括旗下邊佳蘭計劃盈利貢獻強勁、儲存油槽終站穩健的經常收入及現金流、3座油田的產出分享合約持續穩健盈利貢獻等，都是市場看好其後市表現主要催化因素。

淨利表現符預測

安聯星展研究指出，戴樂集團第三季及首9個月淨利表現，符合該行及市場預測。該行認為，隨著邊佳蘭獨立深海終站（PIDT）將進入第二發展階段，未來業績表現將逐漸改善，特別在2016年財政年。

戴樂集團儲油槽終站第一階段將全面投入營運，將推高該業務表現；過去數個季度里，該公司聯營公司及聯號公司（包括終站盈利）盈利貢獻並不顯著，主要受到第一C階段啟動成本所拉低，料在2016年財政年將逐漸消逝。

戴樂集團2015年首9個月淨利表現，超越大馬研究及市場預測，即占該行及市場全年預測的89%及86%。這使該行將其2015年至2017年淨利預測上調5至16%，分別至2億7千590萬令吉、3億零210萬令吉、及3億1千450萬令吉。

儲油設施需求料走高

大馬研究預料戴樂集團旗下儲油設施需求將走高，特別是目前國際原油價格走低，使交易商趁機儲存原油以鎖定有關原油價格。

大馬研究指出，戴樂集團在邊佳蘭第二階段值55億令吉的工程、採購、建築及啟用（EPCC）合約，料將支撐該公司未來3年的盈利表現。

目前戴樂集團在2015年預測本益比28倍水平交易，比較整體行業平均為18倍，大馬研究認為，有關溢價合理，主要是它經常性及現金流強勁，特別是不受近期原油價格波動影響。同時，該公司營運記錄標青，即過去5年盈利复合平均成長率高達20%。

聯昌研究指出，隨著戴樂集團旗下邊佳蘭工程計劃，以及3座油田的產出分享合約盈利貢獻走高，激勵2015年第三季淨利創下新高記錄，使首9個月淨利超越預測，占該行及市場全年預測85%及86%。

聯昌研究將其2015年至2017年淨利預測上調2至6%，並認為邊佳蘭計劃的正面展望，將是潛在價值重估的催化因素。

馬銀行研究對戴樂集團的後市業務表現較為謹慎，表示該公司未來3年的盈利成長將放緩，因邊佳蘭發展計劃的折舊/利息成本將逐漸浮現，並在第二及第三階段的營運落實後，從2018年財政年開始的盈利成長才較為顯著。

該行對其財測保持不變。



（星洲日報／財經‧報道：李文龍）


買進券商心頭好．全年淨利有望創新高 戴樂集團上看RM2
財經股市13 May 2015 23:00
http://www.chinapress.com.my/node/621596

券商：聯昌證券研究
目標價：2令吉


油槽终站將贡献盈利　戴乐前景受看好
财经  2015年05月13日
http://www.orientaldaily.com.my/index.php/business/cj200015392

icy97

戴樂集團末季淨利漲22%

財經企業20 Aug 2015 20:45
（吉隆坡20日訊）戴樂集團（DIALOG，7277，主要板貿服）上財年截至今年6月底末季，營業額按年跌10%至5億7658萬令吉，淨利漲22%至6363萬令吉，公司宣布每股派息1.2仙。

戴樂集團發布最新業績時指出，大馬營運業務依然維持強勁，主要因完成了邊佳蘭獨立深水石油終站首階段，及開始第2階段發展工程。另外，其他活動與上游工程也將持續積極更好業績。

戴樂集團上財年全年營業額按年跌7.6%至23億5818萬令吉，淨利跌27%至2億7513萬令吉，全年派息2.2仙。

在國際業務方面，上財年全年營業額下滑，主要因新加坡的工程、建築與維修活動減少，及澳洲和紐西蘭特殊產品與服務的低銷量影響。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	576,584	643,734	2,358,183	2,551,690
2	Profit/(loss) before tax	89,825	66,626	370,495	276,502
3	Profit/(loss) for the period	65,237	55,190	285,298	228,773
4	Profit/(loss) attributable to ordinary equity holders of the parent	63,632	52,236	275,130	215,869
5	Basic earnings/(loss) per share (Subunit)	1.26	1.06	5.54	4.41
6	Proposed/Declared dividend per share (Subunit)	1.20	1.10	2.20	3.10
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3980		0.3180

Remarks :

Note for No. 5The earnings per share are calculated based on weighted average number of ordinary shares of RM0.10 each in issue of 5,059,438,000 shares after deducting treasury shares for the current financial quarter (4,909,543,000 shares in previous year corresponding quarter after adjusting for the effect of the bonus issue of 1 for 1 which was completed on 25 July 2014).Note for No. 6a) The Board of Directors has on 20 August 2015 recommended a Final Single Tier Cash Dividend of 1.2 sen per ordinary share based on the enlarged share capital of 5.09 billion shares after 1-for-1 bonus issue in July 2014 (preceding year: 1.1 sen based on 5.0 billion shares) in respect of the current financial year for approval of the shareholders at the forthcoming Annual General Meeting. b) The total dividend for the current financial year of 2.2 sen per ordinary share amounting to approximately RM111.7 million comprises of the following:-        (i)        Interim single tier cash dividend of 1.0 sen per ordinary share amounted to RM50.7 million based on enlarged share capital of 5.07 billion shares after the 1-for-1 bonus issue which was completed in July 2014.(ii)        Proposed final single tier cash dividend of 1.2 sen per ordinary share of approximately RM61.0 million based on enlarged share capital of 5.09 billion shares after the 1-for-1 bonus issue which was completed in July 2014.        For the previous financial year, the total dividend of 3.1 sen including cash dividend of 2.2 sen and special share dividend of 0.9 sen per ordinary share amounted to RM102.5 million.Note for No 7The net assets per share for the preceding year has been adjusted for the bonus issue of 1 for 1 which was completed on 25 July 2014.

icy97

边佳兰成本高冲击赚幅 戴乐财测目标价下修

财经新闻 财经  2015-08-22 12:34
（吉隆坡21日讯）大马业务激励，戴乐集团（DIALOG，7277，主板贸易服务股）截至6月末季净利大涨21.8%，券商认为表现符合预期，但未来净利有挑战，而纷纷下修财政和目标价格预测。

肯纳格投行相信，该公司下财年和后财年的专业产品和服务增长率将放缓，而边佳兰（Pengerang）第一期终站油槽使用率更低，未来两年分别只达到45%和70%。

所以该分析员分别下修了该公司2016和2017财年的核心净利预测，12%和10%。

分析员还说，合理价格也从1.70令吉，下调到1.65令吉。但维持“跟随大市”评级。

不过，分析员指出，戴乐现财年末季业绩表现符合该行预测，且整体来看，相信该公司将如期完成，未来获得长期经常收入的目标。

岸外业务放缓

该分析员说，炼油与石油化工综合发展计划（RAPID）将带动油气下游领域的活动，而戴乐集团的多个油槽料从中受惠。

另外，随着边佳兰第二期开始建筑活动，安联星展研究预计，戴乐2016财年的净利表现将持平。

该行分析员解释，因为第二期的建筑活动规模比第一期庞大，且预计会在2018至2019年才完成。

因此下修目标价格，从1.65令吉，下调到1.50令吉，维持“守住”评级。

同时，分析员预计，该公司岸外业务也会放缓，尤其是明年下半年，不过还有增长中的工程、采购和承建（EPCC）合约和第一期的营运贡献支撑。

马银行投行则认为，戴乐集团的业绩令人惊喜，尽管营业额按季下滑21%，但本地业务税前赚幅改善，激励了净利表现。

该分析员暂维持该公司净利预测，因为边佳兰营运成本更高，下财年净利料萎缩7%。

净利2018年看涨

马银行投行分析员认为，戴乐集团的长期增长将由边佳兰的液化天然气再气化工厂和气槽工程所推动。

分析员预计，2016财年内，边佳兰第一期的营运收入将全面入账。而随着第二和第三期的营运展开，该公司的净利会在2018财年开始增加。

第二期的石油和石化产品储存槽料于2018年7月至2019年1月间完成。第三期的天然气槽和再气化设备即将动工，料于2017年年底完成。




【南洋网财经】


不受油價波動影響‧戴樂本地業務推動盈利
2015-08-22 11:48      
http://biz.sinchew.com.my/node/121359?tid=18

icy97

售印度Anewa工程 戴乐集团赚193万

财经新闻 财经  2015-08-30 10:01
（吉隆坡29日讯）戴乐集团（DIALOG，7277，主板贸易服务股）宣布，以296万4375美元（约1245万令吉）脱售印度Anewa工程。

根据文告，脱售是由子公司戴乐系统（亚洲）（简称DSAPL）进行，将持股51%股权的子公司Anewa工程，卖给NPCC工程。

Anewa工程业务主要是提供设计和细节工程服务给油气和化工领域。

而脱售Anewa工程是为了将旗下的工程业务，精简至国内范围。

戴乐集团指出，当初投入在Anewa工程的投资成本约为790万令吉，因此公司可从上述股权脱售活动中，取得193万令吉的收益，作为营运资本。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	DIALOG GROUP BERHADDISPOSAL OF ANEWA ENGINEERING PRIVATE LIMITED
The Board of Directors of Dialog Group Berhad (“DIALOG” or “the Company”) wish to announce that on 28 August 2015, its wholly owned subsidiary, Dialog Systems (Asia) Pte Ltd (“DSAPL”) has disposed of its 51% owned subsidiary, Anewa Engineering Private Limited (“Anewa”) to NPCC Engineering Private Limited for a total cash consideration of USD2,964,375 (approximately RM12.45 million based on exchange rate of RM4.2 / USD1) (“Sale Consideration”) (“Share Sale”). The disposal of Anewa, which is principally involved in the provision of design and detailed engineering services to the oil, gas and petrochemical industry, is to streamline the Group’s engineering activities to be within Malaysia. DSAPL is a company incorporated in Singapore and Anewa is a company incorporated in India. The disposal involves the sale of 2,040,000 equity shares of Rs.10 each or DSAPL’s entire 51% equity interest in Anewa. The Sale Consideration was based on a willing-buyer willing-seller basis, after taking into account Anewa’s unaudited net assets as at 30 June 2015 and audited net assets as at 31 March 2014 of Rs. 177.9 million and Rs.158.6 million respectively. DSAPL’s original cost of investment in Anewa was Rs. 117,145,050 (equivalent to RM7.9 million) which was made in 2011 and the Share Sale resulted in a transaction gain to DIALOG of approximately RM1.93 million. The sale proceeds will be used for working capital purposes. Anewa ceased to be a subsidiary of DIALOG with effect from 28 August 2015. The Share Sale has no effect on the share capital and substantial shareholders’ shareholdings of DIALOG and has no material impact on the earnings, net assets and gearing of DIALOG. The Share Sale does not require approvals from the relevant authorities and the shareholders of DIALOG. None of the directors of DIALOG, major shareholders of DIALOG and/or persons connected with them have any interest, whether direct or indirect, in the Share Sale. This announcement is made pursuant to Para 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This announcement is dated 28 August 2015.

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Notice of Interest Sub. S-hldr (29A)

DIALOG GROUP BERHAD

Particulars of Substantial Securities Holder

Name	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address	Aras 4,5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang Kuala Lumpur 55100 Wilayah Persekutuan Malaysia.
NRIC/Passport No/Company No.	KWAPACT6622007
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)Aras 4,5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang55100 Kuala Lumpur

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	25 Aug 2015
No of securities	1,000,000
Circumstances by reason of which Securities Holder has interest	Purchase of shares in open market by KWAP
Nature of interest	Direct
Price Transacted ($$)
Total no of securities after change
Direct (units)	227,189,986
Direct (%)	4.47
Indirect/deemed interest (units)	27,615,430
Indirect/deemed interest (%)	0.54
Date of notice	04 Sep 2015

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Acquired		26 Aug 2015	604,500
Acquired		27 Aug 2015	500,000
Acquired		28 Aug 2015	412,600

Circumstances by reason of which change has occurred	1. Purchase of 1,104,500 shares in open market by KWAP2. Purchase of 412,600 shares in open market by KWAP's Fund Manager
Nature of interest	Direct and Indirect
Direct (units)	228,294,486
Direct (%)	4.49
Indirect/deemed interest (units)	28,028,030
Indirect/deemed interest (%)	0.55
Total no of securities after change	256,322,516
Date of notice	04 Sep 2015

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DIALOG GROUP BERHAD

EX-date	25 Nov 2015
Entitlement date	27 Nov 2015
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	Payment of a Final Cash Dividend of 1.2 sen per ordinary share held in Dialog Group Berhad in respect of the financial year ended 30 June 2015
Period of interest payment	to
Financial Year End	30 Jun 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	Symphony Share Registrars Sdn BhdLevel 6, Symphony HouseBlock D13, Pusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaSelangor Darul EhsanHelpdesk Line: 03 7849 0777Tel: 03 7841 8000
Payment date	17 Dec 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	27 Nov 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0120
Par Value	Malaysian Ringgit (MYR) 0.100

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Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Disposed		26 Oct 2015	3,000,000
Disposed		27 Oct 2015	4,000,000

Circumstances by reason of which change has occurred	Disposal of 7,000,000 shares in open market by KWAP
Nature of interest	Direct
Direct (units)	230,171,786
Direct (%)	4.49
Indirect/deemed interest (units)	27,778,030
Indirect/deemed interest (%)	0.54
Total no of securities after change	257,949,816
Date of notice	04 Nov 2015

Notice of Person Ceasing (29C)

DIALOG GROUP BERHAD

Particulars of Substantial Securities Holder

Name	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address	Aras 4,5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang Kuala Lumpur 55100 Wilayah Persekutuan Malaysia.
NRIC/Passport No/Company No.	KWAPACT6622007
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Date of cessation	29 Oct 2015
Name & address of registered holder	KUMPULAN WANG PERSARAAN (DIPERBADANKAN)Aras 4,5 & 6, Menara Yayasan Tun Razak200, Jalan Bukit Bintang55100 Kuala Lumpur

Currency	Malaysian Ringgit (MYR)
No of securities disposed	4,097,200
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest	29 October 2015 - Disposal of 97,200 shares in open market by KWAP's Fund Manager29 October 2015 - Purchase of 1,000,000 shares in open market by KWAP29 October 2015 - Disposal of 4,000,000 shares in open market by KWAP
Nature of interest	Direct and Indirect
Date of notice	04 Nov 2015