We maintain our ACCUMULATE for DPM with the target price of VND19,100 per share. The business is facing short-term difficulties including lower Urea consumption and no contribution from the NPK plant in 2019 but performance is expected to improve from 2020. Meanwhile, DPM pays a stable cash dividend of at least VND1,000 per share.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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