DGC [BUY +20.6%] - Indian demand bottoming out, chip demand to strengthen - Update
  • 30 Jan 2024
  • Company Research
- We reiterate our BUY rating for DGC despite trimming our target price (TP) by 4% to VND104,000/share. - We cut our 2024F/25F/26F core EBITDA by 13%/8%/3% mainly due to our lower sales volume assumptions. However, this is offset by an increase in our tar