Analyst Pin-board: MWG – 2020 AGM Update
Though the company’s 2020 guidance was rather conservative and lower than our forecast, we maintain our estimates for the year. Revenue should reach VND 114,595 bn (+12% YoY) while we expect NPAT to stay flat at VND 3,929 bn (+2% YoY). Despite the flattish NPAT growth, we expect MWG to issue approximately 2% of total shares outstanding as ESOP for 2020 as a result of the new policy. While this new ESOP policy remains controversial, we believe it is necessary to maintain working incentive for employees, following numerous cost-cutting measures to deal with the Covid-19 including management’s salary cuts, as well as to preserve substantial amount of capital for BHX’s expansion.
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.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.