We attended BMP’s annual general meeting (AGM) on June 24, 2020. Shareholders approved management’s 2020 guidance for revenue of VND4.6tn (USD198.3mn; +5% YoY) and PBT of VND582bn (USD25.3mn; +10% YoY), which is in line with our forecasts. Shareholders passed BMP’s proposal for a FY2019 cash dividend of VND5,000/share (dividend yield of 9.1% — of which VND4,000/share has already been paid).