We attended BMP’s annual general meeting (AGM) on April 27, 2021. Shareholders approved management’s 2021 guidance for revenue of VND5.2tn (USD226.1mn; +11% YoY) and NPAT of VND523bn (USD22.0mn; flat vs 2020). BMP’s 2021 guidance is equivalent to 104% and 103% of our full-year forecasts for revenue and NPAT, respectively. Shareholders passed BMP’s proposal for a FY2020 dividend plan of a total of VND6,320/share (equivalent to a 10.8% dividend yield, of which VND4,840/share was paid)