We attended VRE’s annual general meeting (AGM) in HCMC on April 26.

Shareholders approved 2023 guidance for NPAT of VND4.7tn/5.2tn (USD198mn/220mn; +69%/+87% YoY) in VRE’s base-case/optimistic scenarios. Both scenarios are more optimistic than our current forecast.

Shareholders approved no dividend payment for FY2022, which is in line with our expectation.