External broker reports(aggregated public sources), Rong Viet Securities

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External broker reports(aggregated public sources)

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Equity Bottom-Up

<ul><li>Amid challenges in the domestic bias transport tire market due to competition and shifting consumer preferences, DRC has pivoted to radial transport/car tires, targeting the low-to-midend segment in high-density markets like the US and Brazil.</li><li>However, high raw material prices and elevated transportation/discount costs from global expansion hinder net profit margins, making a return to pre-2020 levels difficult.</li><li>Domestic market: Bias transport tires are projected to grow 6.9%/year, supported by Vietnam’s 8-9% annual production growth.</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>

Amid challenges in the domestic bias transport tire market due to competition and shifting consumer preferences, DRC has pivoted to radial transport/car tires, targeting the low-to-midend segment in high-density markets like the US and Brazil.However, high raw material prices and elevated transportation/discount costs from global expansion hinder net profit margins, making a return to pre-2020 levels difficult.Domestic market: Bias transport tires are projected to grow 6.9%/year, supported by Vietnam’s 8-9% annual production growth.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 - Radial tires are at the heart of long-term outlook

Danang Rubber JSC

DRC - Radial tires are at the heart of long-term outlook