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DGC - New project announcements imply upside to our forecasts - EGM Note

We attended DGC’s EGM in Hanoi on December 10, which focused on the company’s plans for its chlor-alkali-vinyl (CAV) project in addition to other capacity expansion, product upgrade and cost-saving projects. Overall, our takeaways from the EGM suggest potential upside to our current forecasts – pending a fuller review – as they have not incorporated the capacity expansion, product upgrade and cost-saving projects that DGC announced in the EGM.  

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