We attended PLX’s online AGM on April 26, 2021. The meeting discussed 2021 guidance and preliminary Q1 2020 results as well as the progress of the State divestment and Decree 83 amendment. Shareholders approved 2021 guidance for revenue of VND135tn (USD5.8bn; +9.1% YoY) and profit before tax (PBT) of VND3.4tn (USD144mn; +140.3% YoY). We believe the company is currently conservative in setting guidance amid the uncertainties regarding COVID-19.