- We attended DPM’s EGM in Ba Ria – Vung Tau Province on December 27, 2022. The meeting discussed 1) payment for extra input gas transportation costs, 2) a proposal for upward adjustment of 2022F cash dividends, and 3) revenue and NPAT guidance for 2023.

- DPM obtained shareholders’ approval to make payment for additional gas transportation costs of USD18.09mn (VND420bn) to PetroVietnam Gas (HOSE: GAS).

- Shareholders approved DPM’s proposal to raise the 2022F cash dividend from VND5,000/share to VND7,000/share, higher than our forecast of VND5,000/share.

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