TLG — Expecting sales to surge YoY from May; new ESOP plan to support strong medium-term targets — AGM Note & Earnings Flash

• 23 Apr 2024
• Company Research

We attended TLG's AGM on April 23 in HCMC. Our key takeaways are as follows: 1. Q1 2024 preliminary results Revenue: VND800bn (USD32mn); -12% YoY; 20% of our 2024F. NPAT: VND88bn (USD3.5mn); -12% YoY; 22% of our 2024F. 2. 2024 guidance: Revenue: VND3.8tn