Analyst Pin-board MWG – 7M 2022 Update
|
· BHX sales grew for the fifth consecutive month despite the closure of about 400 stores in recent months. TGDD & DMX revenue, on the other hand, decreased slightly compared on monthly basis amid the low season. · We project that MWG is likely to miss this year's profit guidance mainly due to BHX's large loss after the restructuring process, but we believe that the chain's efficiency will improve more clearly in 2023. · Forecasted revenue / NPAT are VND 139 trillion (+13% YoY) / VND5,900 billion (+20% YoY) for 2022F and VND 162 trillion (+16% YoY) / VND 8,500 billion (+44% YoY) for 2023F. 2022F/2023F EPS stay at 4,000 VND / 5,700 VND respectively. 2022F/2023F P/E are 18.4x/12.9x, respectively. · We reiterate our BUY recommendation on MWG with a target price of VND92,400/share. |
Mobile World Investment Corp. Mobile World Investment Corporation is a Vietnam-based company primarily engaged in the retail sale industry. The Company operates two retail chains, namely dienmay.com and thegioididong.com. Thegioididong.com chain specializes in the retail sale of digital products including cellular mobile phones, tablets, laptops and accessories for these products. Dienmay.com chain specializes in the retail sale of consumer electronic products such as televisions, karaoke systems, refrigerators, washing machines, rice cookers, blenders, irons, microwave ovens, vacuum cleaners, etc. It also sells digital products such as mobile phones, tablets, laptops and accessories for these products.
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.