SCS - Conservative 2021 guidance; ESOP scheme approved - AGM Note
  • 2021-06-09T19:39:46
  • Company Research
SCS held its AGM in HCMC on June 8, 2021. Due to the resurgence of COVID-19 in HCMC, a limited number of shareholders directly attended the AGM. A total of 17 shareholders were present — accounting for ~68% of SCS’s total outstanding shares (including preferred shares) — which was sufficient to achieve a quorum. Management guides for 2021 revenue of VND780bn (USD34mn; +8% YoY) and PBT of VND540bn (USD23mn; +8.1% YoY), which represent 96% and 88% of our full-year forecasts, respectively.