DGC [BUY +33.2%] - Value stock pick as earnings downtrend stabilizes - Update
  • 17 Feb 2023
  • Company Research
- We reiterate our BUY rating for DGC despite cutting our target price by 32% as we reduce our 2023F/2024F/2025F core EBITDA by 36%/12%/4%. - For 2023F, we lower our projected sales volume and ASP by ~15% and 9%, respectively, due to weaker-than-expected