DRC - A Steady Growth through a Difficult Period

​Da Nang Rubber JSC (DRC – HSX) is a leading domestic manufacturer in the tire and tube industry in Vietnam. In recent years, the company's new product - the Radial tire is still in the process of market penetration so that the result has not been as expected. In the short term, we think DRC is still experiencing the difficulty of the industry including the volatility of raw material prices, especially the radial tire sector with additional accelerated depreciation resulting in negative prof...