We attended DXG's annual general meeting (AGM) on Saturday, March 16, 2019. Shareholders approved 2019 guidance with net revenue of VND5tn (USD217mn, +8% YoY) and NPAT-MI of VND1.2tn (USD52mn, relatively flat YoY). Shareholders approved a rights issue plan with a 4:1 ratio (four existing shares have a right to buy one new share) at VND10,000/share. No detailed timeline was provided. Proceeds are estimated at up to VND875bn (USD38mn) and will be mainly used to fund the Gem Riverside