Analyst Pin-board DRC - Positive outlook for 2021, but there will be many challenges
Positive highlights
Expand production of radial tires. In 2019, the radial plant operated at a capacity of 85%, reaching 511,000 tires. Then, the company expected the plant to run at 100% in 2020 with increasing exports to the US. However, Covid-19 interrupted exports to the US and Brazil, causing the export volume to drop by 33% YoY. Thus, the capacity in 2020 is estimated at 80% only, equivalent to 480,000 tires.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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