SCS - 2018 guidance reiterated; July HOSE listing likely - AGM Note
We attended SCS’s AGM on June 28, 2018 in HCMC. The FY2017 cash dividend was doubled vs previous plan. Shareholders approved a total cash dividend for FY2017 of VND6,000/share, equivalent to a 3.2% yield, of which SCS already paid VND3,000 in January 2018. Shareholders also approved a total cash dividend of VND4,500/share for FY2018, equivalent to a 2.4% yield. ESOP was structured to align interests and retain key personnel.