Rubber stocks in Vietnam have received a dual boost as rising oil prices and land use conversion toward industrial zones combine to support sector fundamentals and corporate earnings prospects, according to industry insiders.
Since early March, the rubber sector has shown positive momentum, with a string of rallies in names like Phuoc Hoa Rubber JSC (PHR), Tan Bien Rubber JSC, Vietnam Rubber Group (GVR), Doruco (DPR) and Casumina.
Source: Thestar.com.my