■ Local investors’ interest in fertiliser stocks is reviving, following DPM’s 44% share price underperformance vs. the VNI in 2016 and DPM’s recent 6% urea price hike.
■ DPM’s 13% dividend yield has attracted investors’ interest but input price hikes outpaced urea price hikes, so the company’s dividend pay-out ratio reached 100%.
■ Natural gas prices surged 30%, versus the 6% increase in DPM’s urea selling price.
