We attended GMD’s AGM on April 25 in HCMC.  Shareholders approved GMD’s 2022 guidance for revenue of VND3.8tn (USD165mn; +19% YoY) and PBT of VND1.0tn (USD43mn; +24% YoY), representing 109% and 99% of our respective forecasts. In a more positive scenario, management aims to achieve 2022 revenue of VND3.85tn (USD167mn; +20% YoY) and PBT of VND1.2tn (USD52mn; +49% YoY