DGC [BUY +22.6%] - Phosphorus demand recovers - Update
  • 20 Sep 2023
  • Company Research
- We reiterate BUY for DGC and raise our target price (TP) by 31% to VND110,000/share as we (1) increase our 2023F/24F/25F core EBITDA by 14%/27%/21% mainly due to our higher selling price assumptions and (2) roll our valuation horizon forward from mid-20