DUG Keeps Bull Despite Capital Commitments -- Market Talk

Dow Jones

Sep 17, 2025

0111 GMT - DUG Technology keeps its bull at Canaccord Genuity despite the increased capital commitment required by its new contract with Petronas. Analyst Allan Franklin tells clients in a note that working capital shouldn't be an issue and that the payment terms of the US$43.3 million contract look favorable. He expects the resources technology provider to sign an asset financing in the coming months. Franklin observes that Petronas has used DUG's tech for many years but that has now become one of the Australian company's top customers. Canaccord Genuity raises its target price 14% to A$2.90 and keeps a buy rating on the stock. Shares are up 3.2% at A$2.61. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

September 16, 2025 21:11 ET (01:11 GMT)

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Analyst Allan Franklin tells clients in a note that working capital shouldn't be an issue and that the payment terms of the US$43.3 million contract look favorable. He expects the resources technology provider to sign an asset financing in the coming months. Franklin observes that Petronas has used DUG's tech for many years but that has now become one of the Australian company's top customers. Canaccord Genuity raises its target price 14% to A$2.90 and keeps a buy rating on the stock. Shares are up 3.2% at A$2.61. 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Analyst Allan Franklin tells clients in a note that working capital shouldn't be an issue and that the payment terms of the US$43.3 million contract look favorable. He expects the resources technology provider to sign an asset financing in the coming months. Franklin observes that Petronas has used DUG's tech for many years but that has now become one of the Australian company's top customers. Canaccord Genuity raises its target price 14% to A$2.90 and keeps a buy rating on the stock. Shares are up 3.2% at A$2.61. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 21:11 ET (01:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUG.AU","symbol_name":"DUG TECHNOLOGY LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2568430078","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2568430078","pubTimestamp":1758071460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0111 GMT - DUG Technology keeps its bull at Canaccord Genuity despite the increased capital commitment required by its new contract with Petronas. Analyst Allan Franklin tells clients in a note that working capital shouldn't be an issue and that the payment terms of the US$43.3 million contract look favorable. He expects the resources technology provider to sign an asset financing in the coming months. Franklin observes that Petronas has used DUG's tech for many years but that has now become one of the Australian company's top customers. Canaccord Genuity raises its target price 14% to A$2.90 and keeps a buy rating on the stock. Shares are up 3.2% at A$2.61. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DUG.AU":"DUG TECHNOLOGY LTD","BK7016":"应用软件"},"translate_title":"尽管有资本承诺，DUG仍保持牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DUG.AU":0.9},"content_text":"0111 GMT - DUG Technology keeps its bull at Canaccord Genuity despite the increased capital commitment required by its new contract with Petronas. Analyst Allan Franklin tells clients in a note that working capital shouldn't be an issue and that the payment terms of the US$43.3 million contract look favorable. He expects the resources technology provider to sign an asset financing in the coming months. Franklin observes that Petronas has used DUG's tech for many years but that has now become one of the Australian company's top customers. Canaccord Genuity raises its target price 14% to A$2.90 and keeps a buy rating on the stock. Shares are up 3.2% at A$2.61. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 16, 2025 21:11 ET (01:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}