DCM – Brighter 2019F prospects – Update
- We expect the government to continue to subsidise DCM’s gas input price, and to a greater extent than previously forecasted.
- DCM’s NPK plant is well on track for a trial run by the end of 2Q19F.
- Maintain Hold. We raise our TP to VND9,900.
|
Market Price
|
Target Price
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Dividend Yield
|
Rating
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Sector
|
|
VND9,100
|
VND9,900
|
5.49%
|
HOLD
|
PETROCHEMICAL
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