reports
- Hung Le
DPR – The value from land conversion requires more time for validation...
DPR's revenue reached VND 612 billion (-27% YoY) while NPAT-MI reached VND121 billion (-31% YoY). The main reason is that rubber prices have not yet recovered as expected and the progress of collecting compensation from Tien Hung 1 and Tien Hung 2 projects has not met expectations. For the entire year of 2023, we estimate the revenue to be VND 1,030 billion (USD 42 million, -15% YoY) and the net income for the parent company's shareholders to be VND 174 billion (USD 7 million, -30% YoY), with...
- Hung Le
DPR – Core earnings will be gloomy in 2023
DPR ’s revenue was VND 180 billion (USD 7.8 million) in 1Q2023, down 12% YoY. However, its NPAT reached VND 55 billion (USD 2.39 million), up 45% YoY due to the higher earnings contribution from the tree liquidation segment and provision reversal. Totally, we estimate that the 2023 revenue of will reach VND 1,070 billion or USD 46.5 million (-12 %YoY), NPAT-MI will be VND 221 billion or USD 9.6 million (-11 %YoY) and the corresponding EPS will be VND 5,143. Based on the sum of the parts met...
- Hung Le
DPR – Tree liquidation lift up 3Q2022 earnings, Land use conversion wi...
In Q3/2022, revenue was VND 340 billion or USD 14.2 million (+13% YoY), and NPAT-MI was VND 85 billion or USD 3.5 million (+25% YoY). Accumulated 9 months, revenue reached VND 841 billion or USD 35 million (+15.68%), and NPAT-MI reached VND 139 billion USD 5.8 million (+34.53% YoY). We believe that DPR can complete the revenue plan in 2022 as the main business segment does not have much fluctuation, however, the year's profit target is difficult to achieve as the land handover plan was not as...
Analyst Pin-board DPR – Outlook will be positive in 2H 2022
In the first 6 months, the rubber price still maintained its average of 2021. While output has not been much as the peak of harvesting season is expected to be in the 2nd half of the year. The rubber segment of Dong Phu will be stable because rubber prices are unlikely to return to the high level of 2021. This is due to the effect of China’s demand, which make up 70% of export sales, where is under strict lockdown (zero Covid policies) as the positive cases reversed to raise recently. ...
- Son Tran
Analyst Pin-board DPR – Expect abnormal income in Q4 2021 but stable r...
9M 2021 revenue reached VND 727 billion and NPAT-MI was VND 161 billion (+23% yoy). We forecast DPR to record NPAT-MI of 184 billion in Q4 (+142% yoy) and 345 billion in 2021 (+94% yoy) respectively. The sharp increase in earnings is attributed to non-core earnings from the handover of 200 hectares of land, which contributed VND160 billion to NPAT-MI). Growth in revenue and NPAT-MI in 2022 is expected to slow down, estimated at VND1.241 billion (+2% yoy) and VND350 billion (+2%). DPR ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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