DBC – Stellar performance in 1Q20 – Update
- 1Q20 net profit remarkably grew 1,638.6% to VND349bn, forming 56.9% of our previous forecast.
- We believe the business of DBC should be less sensitive to Covid-19 pandemic and outperform other peers’ earnings growth in FY20F.
- Reiterate ADD with higher TP of VND35,500.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND27,800
|
VND35,500
|
1.79%
|
ADD
|
CONSUMER GOODS
|
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