VJC held its AGM on June 29, 2021, with approximately 169 shareholders attending, representing 96% ownership in the airline. VJC guides for revenue of VND22tn (USD944mn; +20% YoY) and to breakeven at the NPAT level in 2021. As we forecast VJC to make a marginal profit of VND73bn in 2021, we see no significant downside risk to our forecast, pending a fuller review.
• Shareholders approved a 50% stock dividend for FY2019-2020 that will be split into two 25% stock dividend payments. The AGM au