Positive medium-term outlook

KEY HIGHLIGHTS

• DBC is one of the leading pig farming enterprises in Vietnam. During the period 2024–6M2025, the company’s 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 2025–2030 thanks to farm expansion. With these projects, the total farming capacity of DBC’s 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 2027–2028. This corresponds to a production growth rate of 54%–100% compared to the current herd.
• 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’s outlook.
• 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.

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