We assess that DPM stock has potential for price appreciation due to an expected slight increase in global natural gas prices in the near to medium term. Another catalyst for DPM stock is that the National Assembly is considering the inclusion of fertilizers in the VAT taxable category. If fertilizers are subjected to VAT, it will allow domestic fertilizer companies to deduct taxes, helping to reduce production costs and increase competitiveness against imported fertilizers. DPM is a company with a strong financial position and a significant presence in the industry. We value DPM stock at VND 40,500 per share (also the target price for 6-18 months), representing a +15.71% increase compared to the current price, and we recommend a BUY for DPM stock.