We attended HSG’s annual general meeting (AGM) on Thursday, January 21, 2021. HSG’s management set FY2021 guidance (HSG’s financial year end is September 30) with revenue of VND33tn (USD1.4bn; +20% YoY) and NPAT of VND1.5tn (USD65.3mn; +30% YoY). HSG also posted strong prelim Q1 FY2021 PAT of VND572bn (+216% YoY).