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DHC CALL_DONG HAI BEN TRE JSC

05/11/2020

Share:

Investment Thesis:

–          Selling price recover and higher demand from China and domestic market;

–          Giao Long 2 put into production since Q4/2019, triple the capacity and revenue;

–          Domestic demand starts to recovery after sunk in April.

Risk:

–          Supply might increase significantly in next few years, pushing down the price and causing excess capacity for the industry.

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