DBC – Robust earnings growth in FY20F on pork price spike- Initiation
- It’s the golden time for clean meat producers in Vietnam.
- Pork production capacity expansion will prompt DBC’s revenue to grow 23.7% yoy in FY20F.
- Robust earnings growth ahead, on the back of margin expansion.
- Initiate coverage with ADD and TP of VND30,700.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND24,200
|
VND30,700
|
2.1%
|
ADD
|
CONSUMER GOODS
|
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