DXS - Conservative 2023 guidance amid weak demand - AGM Note
  • 2023-04-17T00:00:00
  • Company Research

- We attended DXS’s AGM on April 15.

- Shareholders approved management’s 2023 guidance for revenue of VND3.8tn (USD162mn; -8% YoY) and NPAT-MI of VND126bn (USD5mn; -63% YoY) — equivalent to 109% and 46% of our forecasts, respectively.

- Management did not disclose Q1 2023’s preliminary results but stated that there were minimal property transactions in the quarter.

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