Published Date: 29/10/2024
- In 3Q24, net profit (NP) reached VND705bn ( -7.4% yoy) due to shrinking GPM (-0.3% pts yoy) and rising selling expenses (+43.6% yoy).
- We expect DGC’s NP to stay flat in FY24 (+1.2% yoy) before improving 32.3%/20.5% yoy in FY25/26F thanks to the recovery of core businesses and the contribution from Dai Viet alcohol factory and Nghi Son project.
- Reiterate Add with unchanged TP of 128,300VND/share.
