DRC - ASP cuts offset volume growth - Earnings Report
  • 2016-07-20T09:28:32
  • Company Research
DRC announced that H1 2016 earnings fell 2.1% vs H1 2015, which slightly trailed our full-year forecast. Management has not yet made details on the business performance available, so we will have a more detailed discussion in our follow-up update report. Having said that, we may see a slight reduction in our target price even though we do not expect it to be material.