Analyst Pin-board: MWG ‘s 4M2020 update & New business plan and ESOP policy
In 4M2020, MWG recorded consolidated revenue of VND 37,187 bn (+9% YoY) and consolidated NPAT of VND 1,314 bn (-6% YoY).
For April-2020, MWG posted revenue of VND 7,834 (-14% YoY) and NPAT of VND 208 bn (-45% YoY), respectively. The decline is mostly due to a -30% YoY drop in revenue of TGDD & DMX. At the beginning of April, the company temporarily closed over 600 TGDD & DMX stores, which are mostly in the North, to comply with Government’s social-lockdown directive. We also see that open store incurred 30% revenue losses due to sluggish retail footfall. As of April 23rd, the company has reopened most of the closed stores. Despite weakness in TGDD+DMX, BHX continued to record impressive revenue of VND 1,462 bn (+142% YoY) in April-2020, thus helped lifting consolidated revenue. However, consolidated NPAT declined significantly as BHX is still in an expansion phase and has yet to deliver profit.
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.