Duc Thanh Wood Processing Joint Stock Company (HoSE: GDT) is a leading company in manufacturing and exporting kitchenware, homeware, and children's toys made from rubberwood in Vietnam. From a small wooden workshop established in 1991, GDT has become a well-known enterprise in the domestic market and international export.
We initiate coverage of GDT with a BUY rating and a target price of VND 59,400, equivalent to a return of 42%, thanks to:
1) The growth potential of both export and domestic market;
2) Attractive dividends;
3) Significant profitability, accompanied by considerably financial strength.
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