Analyst Pin-board: MWG - Optimizing Bach Hoa Xanh and Seeking to Compete with Low-price Electronics Products
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In 9M 2018, MWG posted a revenue of VND 65,478 bn (+37% yoy) and net profit of VND 2.187 bn (+34% yoy). The company witnessed a slowdown in 3Q 2018 considering its revenue and net profit were only upped by 27% and 15% respectively, compared to 3Q 2017. It was mainly due to the flat growth of the overall electronic market (figure 1). Regarding operations, the company is slowly but steadily optimizing its food stores as well as seeking to compete with low-price electronics products. |
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