DHC [BUY +36.1%] - Price spread, earnings to continue recovery - Update
  • 16 Feb 2023
  • Company Research
- We keep our target price for DHC nearly unchanged and reiterate a BUY rating. Our aggregate 2023F-2025F NPAT remains unchanged as our firmer packaging ASP forecast is offset by higher old corrugated container (OCC) cost projections. - We trim our 2023F