Analyst Pin-board MWG – Q1-2022 Business Results: Decelerated Earnings Growth
|
· TGDD/DMX is still the key growth engine, posting a total revenue growth of 21% YoY, mainly driven by the new openings (TGDD, Topzone and DMX Supermini) and a robust increase in online sales of 150% YoY. BHX sales were flat year-on-year despite a 20% YoY increase in the number of stores as sales per store are still being affected. Group-wide revenue, therefore, grew by 18% YoY. · NPAT growth decelerated to 8% YoY after the estimated loss from subsidiaries, mainly contributed by BHX, increased by 18% YoY to about VND 753 billion as BHX's net profit margin continued to decline following traffic boosting initiatives. · Gross profit margin and net margin remained high, however, decreased by 50 bps YoY and 30bps YoY respectively. · Current target price - VND 163,500 - is being updated. |
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.