DRC - OUTPERFORM - All eyes on radial segment - Update
  • 13 Aug 2014
  • Company Research
1H NPAT slid 1.5% YOY despite revenue improved 12.1% YOY (boosted by radial tires). Blended GM did not improve despite considerably lower natural rubber price since: (1) average selling price (ASP) decreased accordingly and (2) low GM from radial segment