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External broker reports(aggregated public sources)

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

DRC stock has depreciated owing to the poor performance of the business in the last two quarters. However, with sales maintaining steady growth, in which radial tires are the main driver, and rubber prices forecasted to stabilize at low price range, we hold the view that the performance of DRC would flourish from Q4 2017.Based on two valuation methods, DCF and PE, with adjustment to the estimation closer to DRC’s actual business results compared to the Company updates on July 14, 2017, we rate N…

DRC stock has depreciated owing to the poor performance of the business in the last two quarters. However, with sales maintaining steady growth, in which radial tires are the main driver, and rubber prices forecasted to stabilize at low price range, we hold the view that the performance of DRC would flourish from Q4 2017.Based on two valuation methods, DCF and PE, with adjustment to the estimation closer to DRC’s actual business results compared to the Company updates on July 14, 2017, we rate N…

[Result Update] DRC - Getting Through Difficult Times

Danang Rubber JSC

[Result Update] DRC - Getting Through Difficult Times