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VCSC Daily - Stocks kick off July by hitting fresh peak - PMI - MSN, GMD

GMD held its AGM in Ho Chi Minh City on June 30, 2021. Shareholders approved GMD’s 2021 business plan under two scenarios. Under the base-case scenario, management guides for 2021 revenue of VND2.7tn (USD116mn; +4% YoY) and PBT of VND630bn (USD27mn; +23% YoY). Under a more optimistic scenario, GMD guides for revenue of VND2.8tn (USD120mn; +7% YoY) and PBT of VND700bn (USD30mn; +37% YoY). GMD’s base-case revenue and PBT guidance represent 94% and 97% of our respective full-year forecasts