Title | DPR Update Report - OUTPERFORM - Bac Dong Phu and Nam Dong Phu IPs’ expansions are are key highlights for the long term |
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Category: | Company Report |
Source: | Bao Viet Securities |
Industry: | Basic Materials |
Business: | Dong Phu Rubber Joint Stock Company |
Detail: |
11/09/2024
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Summary: |
DPR is a financially sound company with stable core operations, one of the top-performing entity within the Group with a track record of consistently paying high cash dividends annually. Additionally, the master plan of Binh Phuoc has created certain advantages for obtaining investment approval for DPR’s industrial parks. With investment approvals for the industrial zones nearing completion, the company is poised for significant growth in the coming period. We upgrade our rating to OUTPERFORM for DPR, with a new target price of VND47,505/share, implying an upside of +15.6% from the closing price on Sep 9, 2024. ………………………………………………………………............. Please find the attached file below. |