- 2022-12-06T00:00:00
- Company Research
- We attended PLX’s online EGM on December 6. The meeting discussed the company’s revised 2022 business plan, fuel shortages, 2023 - 2025 business plan and progress of the PG Bank divestment.
- PLX proposed to lower 2022 PBT guidance by 90% to VND300bn (vs our forecast VND567bn) and proposed a 12% stock dividend instead of a cash dividend of VND1,200 per share (which is our current forecast).
- The Government targets to maintain its stake in PLX at 75.87% until 2025 and PLX targets to complete divestment of PGB in H1 2023.
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