CII - Management confident on 2017 earnings target - AGM Note

Company Research

28 Apr 2017

We attended CII’s annual general meeting (AGM) on April 28, 2017. Management targets 2017 consolidated NPAT-MI at VND1.43 trillion (USD63 million), up 71% vs the 2016. A 2017 dividend plan was approved at 21.5%, which may be in stock or cash. The 2016 ESOP plan is adjusted from 1 million shares to 1.5 million shares (0.6% of current outstanding shares). Shareholders approved the same conversion price of VND38,500 per share for the remaining USD20 million convertible bond (CB) issuance pl
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