DPM – Update – 20180316
- We believe that 2018 could mark the trough in DPM’s current business cycle as profits from the NPK-NH3 revamping project can only be realized after 2018. We reiterate our HOLD recommendation but reduce our target price on the basis of higher oil price assumption and lower ASPs of self-produced NPK than previously forecasted.
|
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
|
VND23,200
|
VND23,000
|
4.3%
|
HOLD
|
BASIC MATERIALS
|
Please follow this link for the full report
You Might Be Interested
Company Note
40
MWG plans for FY24 revenue and net profit of VND125tn/VND2.4tn, respectively, increases of 6% yoy and 14 times compared to FY23. According to management, BHX will begin to record profit in 1Q24 and targets to reach net profit of VND1tn-VND2tn…
Company Note
34
We maintain our Hold rating with 11.9% upside and a 0.0% dividend yield. We increase our TP by 11.0% while the stock price has increased 5.6% since our last report. The main drivers of our recommendation are the decline in…
Company Note
27
We maintain our ADD rating with 50.2% upside. We decrease our TP by 22.3% while the share price has increased 8.5% since our last report. The main driver of our TP change is that we apply a 40% discount rate…
VI
EN
JA
ZH
