Beyond the Cycle: Driving Value Through Capacity and Specialization 🧤🥊 We initiate coverage on DIPD with a Target Price of LKR 67.70, implying a 37.0% upside from the current market price of LKR 49.40. Key Catalysts Driving Our Outlook: ⚖️ Operating Leverage from Underutilized & Expanded Capacity 📈 Earnings Recovery Driven by Demand Normalization and Supply Chain Realignment 💰 Integrated Sourcing and Operational Efficiency Support Margin Resilience 🥊 Geographic Expansion, Product Diversification, Continuous Innovation Drive 🌱 Plantation Sector: Margin Stabilization amidst tailwinds