Company Insight

Mobile World Investment Corporation (HSX: MWG) is the leading enterprise in Vietnam's retail sector, offering an ecosystem to meet the diverse needs of customers. We update our recommendation to HOLD for MWG - target price of VND 50,150.

In 2024, MWG targets revenue of VND 125,000 bn (+5% YoY), NPAT of VND 2,400 bn. Bach hoa Xanh chain expects to be profitable in 2024 (reaching revenue of VND 1.9-2 bn/store/month), to be the growth driver of MWG when the ICT retail group is still in the recovery phase.