DHC [BUY +27.6%] - Paper demand exceeds our expectations - Update
  • 11 Mar 2021
  • Company Research
We reiterate BUY, premised on DHC’s ability to ride on Vietnam’s packaging paper consumption growth thanks to the company’s proven track record and potential capacity expansions. We raise our target price (TP) by 24% as we increase our aggregate 2021F-202