Tóm tắt:
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Given the improvement of urea price estimates over the long-term and better visibility of the company’s upcoming projects, we upgrade our rating to BUY. We’ve value DPM on a DCF approach in order to capture the longer term growth prospects of the company. Our DCF-derived price objective is VND60,300 (US$3.38) per share which represents a 20.6% premium to the current market price.
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