External broker reports(aggregated public sources), Vietcap

Vietcap

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We maintain our MARKET PERFORM rating for DRC and trim our target price (TP) by 1% to VND33,800/share.</li><li>Our lower TP is due to lowering our aggregate 2024-2030F NPAT-MI forecast by 1%.</li><li>This revision is driven by a 6% reduction in our 2024FNPAT-MI projection, while we broadly maintain our forecasts for 2025-2030F.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain our MARKET PERFORM rating for DRC and trim our target price (TP) by 1% to VND33,800/share.Our lower TP is due to lowering our aggregate 2024-2030F NPAT-MI forecast by 1%.This revision is driven by a 6% reduction in our 2024FNPAT-MI projection, while we broadly maintain our forecasts for 2025-2030F.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DRC VN - Radial Tire Sales Growth on Track, Higher Logistics Costs

Danang Rubber JSC

DRC VN - Radial Tire Sales Growth on Track, Higher Logistics Costs