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KDC - Shaping up as a diversified F&B player - AGM note

We attended KDC’s AGM today. Shareholders expressed a lot of interest in the restructuring of the newly acquired edible oil subsidiaries, new products and potential foreign partners. FY17 PBT target is VND490 billion (USD22 million) vs VND1.51 trillion (USD66 million) in 2016, which included one-off profits. This target is mostly driven by KDC’s core business. KDC also announced its foray into dipping sauces with the help of a Thai partner.