GMD – Brief – [NONRATED] – Conservative 2024 guidance
GMD approved a conservative 2024 guidance, raising VND3.0tn for expansion plans through right issue and paying a 22% cash dividend (VND2,200/share). Despite the conservative outlook in 2024, GMD is investing heavily in expansion plans in 2024 to prepare for the new economic growth cycle.
Featured Analysis
SBV turns to liquidity withdrawal as USDVND rebounds
Vietnam economy preserves acceleration momentum on exports
Power sector – Preview – [Neutral] – 3Q24F Preview: The comeback of Hydropower
Economic drivers preserve their roles
SBV returns to liquidity injections
Seafood sector – Preview – [Overweight] – 3Q24F Preview: A robust growth trajectory
Oil & Gas sector – Preview – [NEUTRAL] – 3Q24F Preview: low Gas, robust Drilling
