DPM - [BUY +37.8%] - Margins to expand despite pricing pressure - Update
  • 23 Feb 2016
  • Company Research
We revise our target price down by 9.3% to VND 36,300 and keep a BUY rating on DPM based on the following factors: Cheap input gas cost and sustained selling price boosted gross margins. Although revenue increased by only 2.3%, NPAT soared by 35.7% thanks