[Non-rated] Over tumultuous days
26/08/2021

Summary

Recommendation

 

In the severity of Covid-19 pandemic, the above strategies are expected to help MWG successfully protect 2021 business plan. Firstly, BHX will continue to operate during the pandemic. In Jul 2021, the average monthly revenue per store of BHX chain is VND2.1 bn (+86.6% YoY), of which, 500sqm BHX store’s revenue is VND3.2 bn. Secondly, the sharp expansion helps DMS to maintain an average sales of VND1 bn per store per month. 7M21 revenue and net profit were equal to 66% and 71% of 2020 whole-year result, creating a strong base for a positive growth in 2021 business performance.  

Company
MWG-Mobile World Investment
Category
Update
Author
SSV
Details

Page: 4

Lauguage: English

File format: pdf

Size: 358.88 KB