We attended HT1’s annual general meeting (AGM) on Monday, June 28, 2021. A total of 28 shareholders/authorized persons were present, accounting for 85% of HT1’s total outstanding shares.. Shareholders approved management’s 2021 profit-before-tax (PBT) guidance of VND815bn (USD35.4mn), implying 6% YoY growth — equivalent to 103% of our forecast of VND789bn (USD34.3mn; +3% YoY). A cash dividend of VND1,200/share for FY2020 was approved, which is equivalent to a dividend yield of 7.4%