MBSB Research keeps target at MYR 2.57 for Dialog Group stock

Published on 10/20/2026 at 00:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dialog's FY2026 net profit rose 95.4 percent to RM593.55 million from RM303.83 million. Dialog Group stock next reports on November 17, 2026.

Thailand expansion and earnings

MBSB Research kept its MYR 2.57 target on October 8, 2026.
Dialog reported FY2026 net profit of MYR 593.55 million on October 6, 2026.
The next earnings report is scheduled for November 17, 2026.

Dialog, MYL7277OO006, Illustration mit AI erstellt.

Dialog Group Berhad (MYL7277OO006) has a MYR 2.57 price target from MBSB Research, which kept its buy rating on October 8, 2026, after the company secured an additional Thailand exploration block. The target lies 35.26 percent above the last quoted Bursa Malaysia price of MYR 1.90 on October 19, 2026 at 4:51 p.m. MYT.

The Thailand award is the latest strategic development for Dialog. According to KLSE Screener on October 6, 2026, Dialog's 50.01 percent-owned joint venture received operatorship of Thailand's L8/66 block. The concession carries a minimum work commitment of USD 14.30 million, equivalent to RM58.40 million.

Three dated steps to MYR 2.57

Dialog's recent chronology links operating results with upstream expansion. On August 20, 2026, the latest quarterly release showed revenue of MYR 774.56 million and net income of MYR 167.47 million, according to Investing.com. On October 5, 2026, the Thai government notified the joint venture of the L8/66 award with the RM58.40 million commitment, as reported by KLSE Screener. On October 8, 2026, The Star reported that MBSB Research maintained its MYR 2.57 target.

What does the block mean for earnings?

MBSB Research expects limited near-term earnings contribution because the project remains in its development phase. The Star reported that the research house sees potential for net profit margins to rise by as much as 35 percent after a discovery, while Dialog's share of the minimum commitment is estimated at RM22 million.

The counterweight is timing. The same report said MBSB Research left its earnings estimates unchanged until first hydrocarbons are established. Dialog's FY2026 net profit nevertheless rose 95.40 percent to RM593.55 million from RM303.83 million, while revenue increased 15.30 percent to RM2.88 billion, according to KLSE Screener.

Dates for the next move

TradingView lists November 17, 2026 as Dialog's next earnings-report date. That date will give investors the next reported test of the group's earnings momentum and the early financial impact of its expansion plans.

Market value and investor context

Dialog's market capitalization stood at MYR 10.70 billion on October 19, 2026, while its 52-week range was MYR 1.54 to MYR 2.36 on October 18, 2026. The last quoted Bursa Malaysia price was MYR 1.90 on October 19, 2026 at 4:51 p.m. MYT.