External broker reports(aggregated public sources), Vietcap

Vietcap

We specialize in consulting both individual and institutional clients, providing them with effective financial solutions that are tailored to their specific needs.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We cut our target price (TP) for DGW by 4% to VND45,400/share and maintain our MARKET PERFORM rating.</li><li>Our lower TP is driven by a 9% lower aggregate 2026-29F NPAT-MI forecast, partly offset by the positive impacts of rolling our TP horizon forward to end-2026.</li><li>The cut in our earnings projection is due to a more gradual NPM improvement than previously expected as we now believe higher spending on marketing, promotional activities, and trade discounts are necessary to support sales, particularly for new products.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We cut our target price (TP) for DGW by 4% to VND45,400/share and maintain our MARKET PERFORM rating.Our lower TP is driven by a 9% lower aggregate 2026-29F NPAT-MI forecast, partly offset by the positive impacts of rolling our TP horizon forward to end-2026.The cut in our earnings projection is due to a more gradual NPM improvement than previously expected as we now believe higher spending on marketing, promotional activities, and trade discounts are necessary to support sales, particularly for new products.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DGW [MARKET PERFORM +7.5%] - Growth Appears Priced In; Maintaining Market Perform Rating

Digiworld Corporation

DGW [MARKET PERFORM +7.5%] - Growth Appears Priced In; Maintaining Market Perform Rating