- DRC released its Q4 2021 results with revenue of VND1.3tn (USD57.9mn; +20.3% YoY) and NPAT-MI of VND80bn (USD3.5mn; -20.2% YoY). - We believe DRC’s robust revenue in Q4 2021 was mainly due to (1) continued strong demand for DRC’s radial tires and custom