We attended DIG’s annual general meeting (AGM) on April 22, 2021, in Vung Tau. Shareholders approved 2021 management guidance for PBT to grow 60% YoY to VND1.44tn (USD63mn), which is 28% higher than our PBT forecast of VND1.13tn (USD49mn; +26% vs audited 2020). Key contributions to this strong 2021 earnings guidance include the recognition of 31 ha of Dai Phuoc land bank sales and handovers at Nam Vinh Yen, Gateway, CSJ and Victory City Vi Thanh projects. Shareholders approved a FY2020