* ACG’s 2023 guidance: - Revenue: VND5.0tn (USD213mn; +12% YoY — 112% of our 2023F) - NPAT: VND668bn (USD28mn; +8% YoY — 106% of our 2023F) * Per management, ACG’s revenue increased YoY in April 2023 and is expected to continue recovering going forward. A