ACV - Cautious guidance in a challenging year - AGM Note
  • 2020-06-26T19:47:37
  • Company Research
We attended ACV’s AGM on June 26, 2020, in Ho Chi Minh City.Shareholders approved ACV’s 2020 guidance for total income (including revenue, financial income and other income) declining 45% YoY to VND11tn (USD490mn) and a 80% YoY decline in PBT to VND2tn (USD87mn). Moreover, ACV guides for a 41% YoY drop in total passengers to 69.2 million passengers in 2020F.