Analyst Pin-board DPM – Weak domestic urea demand and falling selling prices to put pressure on profits in 2H2022
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For 2022, we forecast DPM's revenue and profit after tax to reach VND16,670 bn (+30.4%) and VND4,366bn (+40,1%). With unfavorable changes in demand and selling price, we lower DPM's target price to VND 44,700/share. At this price, the dividend yield is very attractive
PetroVietnam Fertilizer and Chemicals Corp. PetroVietnam Fertilizer and Chemicals Corporation is a Vietnam-based manufacturer of agricultural chemicals. It manufactures and trades diversified fertilizer products, including urea fertilizers; nitrogenous phosphatic potassic (NPK) fertilizers, liquefied ammonia, as well as other industrial gases and chemicals used for oil and gas exploration and refinery. The Company is also involved in the provision of technical services in fertilizer and petrochemical production.
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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