DHC [OUTPERFORM +15.9%] - Price spread to recover in 2024; GL3 to drive long-term growth - Update
  • 07 Aug 2023
  • Company Research
- We maintain our OUPTERFORM rating for DHC but trim our target price by 1%. We change our 2023/24/25/26/27F NPAT-MI by -5%/-9%/-14%/-15%/39%, respectively. - In this Update Report, we incorporate DHC’s Giao Long 3 (GL3) factory into our forecasts, which