Report

ACV - 2024 AGM Update: International passenger volume to surpass pre-pandemic levels

  • The AGM has set a plan for total passenger volume to reach 113 million pax (+1% YoY) this year. Within this, ACV expects international passenger volume to increase by 23% from 2023 levels, approximately 41 million pax. The plan for domestic passenger volume is to reach only 72 million pax (-10% YoY).
  • Regarding financial plans, total revenue is expected to be 20,325 billion VND (+2% YoY), and pre-tax profit is projected to be 9,378 billion VND (-11% YoY). Excluding profit from airfield management of 1,464 billion VND, ACV's PBT is projected to be 7,900 billion VND (+11% YoY).
  • Distribution plan: The Ministry of Finance has issued a document proposing amendments to Decree No. 140/2020/ND-CP, which is expected to be approved in July 2024. This will allow ACV to distribute retained earnings from 2019 by stock dividends.
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Quan Cao

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