DPM - Steadily Moving Forward
We forecast DPM’s NPAT-MI to surge 132% YoY in 2025 and maintaining a stable 5% CAGR for 2026–2029, driven by rising urea selling prices.
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DPR - Old Fields, New "Golden" Season
Using the Sum of the Parts (SoTP) method, we have determined DPR’s fair value at VND 52,700 per share, along with a dividend of VND 2,000, implying...
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GEG - Growth Potential Comes from Expanding Renewable Energy Capacity
Accordingly, we maintain a BUY recommendation on GEG. In 2025F, GEG’s key growth driver will come from the adjustment in wind power selling prices.
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BMP - Contribution of New Vessels as Growth Driver in 2025
Using the comparable valuation method, we determine a fair 12-month target price for BMP stock of VND 168,100 per share, implying forward 2026 EV...
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PVT - Contribution of New Vessels as Growth Driver in 2025
Using a combination of the DCF and EV/EBITDA methods, we determine the fair value of PVT shares for the next 12 months at VND20,300/share, expected...
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