TNG [NR] – Fabric-forward garment maker - Small Cap Research
TNG is a local textile and garment maker. In 2014, the company shipped USD 90m worth of products. TNG is expected to benefit from increased garment exports when two major free trade agreements, TPP and EU-VN are signed. With 60-70% of yarn imported from China, TNG would immediately benefit from EU-VN FTA, which has a more lenient fabric-forward rule than the yarn-forward rule required in TPP.