DPM’s AGM took place in Ba Ria-Vung Tau Province on April 27, 2021. The meeting discussed 2021 guidance, Q1 2021 results, and the urea plant’s maintenance plan. DPM targets for 2021 revenue of VND8.3tn (USD358mn; +7.0% YoY) and NPAT of VND365bn (USD16mn; -78.9% YoY), which are conservative in our view.