[DIALOG GROUP BHD：Pengerang深水码头（“PDT”）第一期的正在进行的运营目前正在扩大430,000立方米，炼油和石化综合开发（“RAPID”）专用石油和石化终端2A阶段将在2019年初全面完工]
截至2018年9月30日止的第一季度，戴乐集团录得可观的财务表现，包括合营企业及联营公司在内的税后净营业利润为1.181亿令吉，较去年同期的9,860万令吉增加20％。
然而，来自马来西亚经营活动的较低收入部分被Langsat Terminals于2017年9月成为附属公司后的收入抵消。上游活动的收入在本季度油价上涨后也有所增加。尽管收入下降，但与去年同期相比，马来西亚业务的税后净利润增长了22％。这主要是由于终端和上游活动的贡献增加，以及在审查的财政季度期间各种已完成项目实现的成本节约。
在国际方面，收入和税后净利润分别较去年同期增长3％和20％，主要是由于物流服务的贡献增加。合营企业及联营公司于这季度的税后贡献利润为3,090万令吉，较去年同期增加14％。增加的贡献主要来自终端业务和上游合资企业，因为油价上涨。
戴乐集团当前财政季度的税前利润为1.386亿令吉，较上一季度的1.488亿令吉低7％。
前景：
作为石油，天然气和石化行业上游，中游和下游行业多元化的领先综合技术服务提供商，DIALOG仍然相信其业务模式结构合理，可以抵消油价波动和货币变动。
DIALOG致力于通过整合新技术和改进业务流程来提高效率和生产力，以保持竞争力。 Pengerang深水码头（“PDT”）第一期的正在进行的运营目前正在扩大430,000立方米。炼油和石化综合开发（“RAPID”）专用石油和石化终端2A阶段将在2019年初全面完工。在2B阶段，液化天然气（“LNG”）再气化设施和LNG储罐于2017年11月开始商业运营。
通过与Johor Darul Ta'zim州政府和State Secretary, Johor (Incorporated)签署谅解备忘录，该集团还在PDT第3阶段取得了进展，以投资和开发共同的储罐设施（包括共享基础设施）和深水海洋设施，以支持和促进石油和石化储存和处理油罐码头业务。第3阶段将在PDT内约300英亩的土地上开发，指示性初始投资成本为25亿令吉。土地复垦活动已经开始，他们正在与第3阶段的潜在客户进行讨论。未来阶段还将有大约500英亩的余额。
除Langsat Terminal（One）Sdn Bhd和Langsat Termina（Two）Sdn Bhd的容量为647,000立方米外，他们还将Langsat Terminal（Three）Sdn Bhd扩建为300,000立方米的存储设施，符合他们的可持续发展战略来扩大经常性收入。
在上游行业，戴乐集团继续积极开发现有合约的新储备。与此同时，戴乐集团正在寻找可行的生产资产，这些资产可能会被收购。展望未来，戴乐集团将继续以经常性收入增长其核心业务，尤其是包括储罐终端在内的物流服务。除非出现任何不可预见的情况，戴乐集团有信心其于2019年6月30日止财政年度的表现将保持强劲。
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James Ng Stock Pick Performance:
Since Recommended Return:
BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.24 in 2 months 5 days, total return is 18.5%
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[DIALOG GROUP BHD: on going operations of Pengerang Deepwater Terminal ("PDT") Phase 1 is currently being expanded by 430,000 m3, phase 2A, the dedicated petroleum and petrochemicals terminal for Refinery and Petrochemical Integrated Development ("RAPID"), remains on track for full completion in early 2019]
For the 1st quarter ended 30th September 2018, the Group recorded a commendable financial performance with net operating profit after tax including joint ventures and associates of RM118.1 million, higher by 20% against RM98.6 million registered in the corresponding quarter last year.
The lower revenue from Malaysian operations activities were, however, partially offset by revenue from Langsat Terminals as they became subsidiaries in September 2017. The revenue from upstream activities was also higher following the increase in oil prices in the current quarter. Despite the drop in revenue, the net profit after tax from their Malaysian operations was higher by 22% when compared to the corresponding quarter last year. This was mainly attributable to the increased contributions from terminal and upstream activities, and cost savings realised from various completed projects during the financial quarter under review.
On the International front, the revenue and net profit after tax were higher by 3% and 20% respectively, against the corresponding quarter last year, mainly attributable to an increase in contributions from logistic services. The profit after tax contribution from joint ventures and associates for the current reporting quarter was RM30.9 million, higher by 14% against the corresponding quarter last year. The increased contributions were primarily from the terminal businesses and from the upstream joint venture following the higher oil prices.
The Group’s profit before tax for the current financial quarter of RM138.6 million was 7% lower compared to RM148.8 million recorded in the preceding quarter.
Prospects:
As a leading integrated technical service provider that is diversified across the upstream, midstream and downstream sectors in the oil, gas and petrochemical industry, DIALOG remains confident that its business model is well structured to manage oil price volatility and currency movements.
DIALOG remains committed to enhancing efficiency and productivity by incorporating new technologies and improving business processes to remain competitive moving forward. The on going operations of Pengerang Deepwater Terminal ("PDT") Phase 1 is currently being expanded by 430,000 m3. Phase 2A, the dedicated petroleum and petrochemicals terminal for Refinery and Petrochemical Integrated Development ("RAPID"), remains on track for full completion in early 2019. In Phase 2B, the Liquefied Natural Gas ("LNG") regasification facilities and LNG storage tanks commenced commercial operations in November 2017.
The Group also made progress for Phase 3 of PDT with the signing of a Memorandum of Understanding with the State Government of Johor Darul Ta’zim and the State Secretary, Johor (Incorporated) to invest and develop common tankage facilities (including shared infrastructure) and deep water marine facilities to support and promote the petroleum and petrochemicals storage and handling tank terminal business. Phase 3 will be developed on approximately 300 acres of land within PDT with an indicative initial investment cost of RM2.5 billion. The land reclamation activities have started and they are in discussions with potential customers for Phase 3. There will also be a balance of approximately 500 acres available for future phases.
In addition to Langsat Terminal (One) Sdn Bhd and Langsat Termina (Two) Sdn Bhd's capacity of 647,000 m3, they are also expanding Langsat Terminal (Three) Sdn Bhd into a 300,000 m3 storage facility, in line with their strategy to grow sustainable and recurring income.
In the upstream sector, the Group continues to actively develop new reserves from existing contracts. At the same time, the Group is looking for viable production assets, which may become available for possible acquisition. Moving forward, the Group will continue to grow its core businesses with recurring income, especially in its logistics services which includes storage tank terminals. Barring any unforeseen circumstances, the Group is confident that its performance will remain strong for the financial year ending 30 June 2019.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.24 in 2 months 5 days, total return is 18.5%
I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must > 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
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