{"id":33354,"date":"2025-10-02T17:01:16","date_gmt":"2025-10-02T10:01:16","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=33354"},"modified":"2025-10-02T17:01:16","modified_gmt":"2025-10-02T10:01:16","slug":"en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/","title":{"rendered":"(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong>Positive medium-term outlook <\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong>KEY HIGHLIGHTS<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family: helvetica, arial, sans-serif\">DBC is one of the leading pig farming enterprises in Vietnam. During the period 2024\u20136M2025, the company\u2019s business performance benefited significantly from the surge in domestic pig prices, contributing to forecasted profits of over VND 1,600 billion in 2025F.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif\">The company holds a positive growth outlook for 2025\u20132030 thanks to farm expansion. With these projects, the total farming capacity of DBC\u2019s farms is expected to increase by 39,200 sows and 530,000 market pigs, enabling the group to achieve a total herd size of 80,000 sows and 2 million market pigs in 2027\u20132028. This corresponds to a production growth rate of 54%\u2013100% compared to the current herd.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif\">The consumption trend toward fresh meat, robust domestic demand for live pigs, and the new Livestock Law emphasizing the development of professional farm systems all reinforce DBC\u2019s outlook.<\/span><\/li>\n<li><span style=\"font-family: helvetica, arial, sans-serif\">Currently, DBC maintains a relatively healthy financial structure with a Debt-to-Equity ratio of 0.65, along with cash and deposits of more than VND 2,000 billion, helping to minimize the risk of financial imbalance.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong>RECOMMENDATIONS<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">Based on the valuation results and the assessment of DBC\u2019s business outlook as positive, we value DBC shares at VND <strong>29,500<\/strong> per share and recommend <strong>ACCUMULATE<\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><a href=\"https:\/\/gtjai.com.vn\/wp-content\/uploads\/2025\/10\/EN-GTJAVN_DBC-Equity-Report-_Positive-medium-term-outlook-_TP29500_Sep-30-2025.pdf\">(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025<\/a><\/span><\/p>\n","protected":false},"author":24,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-33354","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025 - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025 - GTJA\" \/>\n<meta property=\"og:description\" content=\"Positive medium-term outlook KEY HIGHLIGHTS DBC is one of the leading pig farming enterprises in Vietnam. During the period 2024\u20136M2025, the company\u2019s business performance benefited significantly from the surge in domestic pig prices, contributing to forecasted profits of over VND 1,600 billion in 2025F. The company holds a positive growth outlook for 2025\u20132030 thanks to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"GTJA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtjai.com.vn\/#website\",\"url\":\"https:\/\/gtjai.com.vn\/\",\"name\":\"GTJA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtjai.com.vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/#webpage\",\"url\":\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/\",\"name\":\"(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025 - GTJA\",\"isPartOf\":{\"@id\":\"https:\/\/gtjai.com.vn\/#website\"},\"datePublished\":\"2025-10-02T10:01:16+00:00\",\"dateModified\":\"2025-10-02T10:01:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtjai.com.vn\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025\"}]}]}<\/script>","yoast_head_json":{"title":"(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025 - GTJA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtjai.com.vn\/en\/research\/en-gtjavn_dbc-equity-report-_positive-medium-term-outlook-_tp29500_sep-30-2025\/","og_locale":"en_US","og_type":"article","og_title":"(EN) GTJAVN_DBC Equity Report _Positive medium-term outlook _TP29500_Sep 30 2025 - GTJA","og_description":"Positive medium-term outlook KEY HIGHLIGHTS DBC is one of the leading pig farming enterprises in Vietnam. During the period 2024\u20136M2025, the company\u2019s business performance benefited significantly from the surge in domestic pig prices, contributing to forecasted profits of over VND 1,600 billion in 2025F. 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