Company Insight

Mobile World Investment Corporation (HSX: MWG) is a leading retailer in Vietnam, offering an ecosystem that meets the diverse needs of customers.

As the leader in retail sector stock, MWG is a worthy investment thanks to: (i) Significant improvement in FY2024 result, expected to maintain growth in FY2025 thanks to positive economic prospects; (ii) Bach hoa Xanh has completed its restructuring phase and begun its expansion, expected to generate full-year profit from FY2025; (iii) Optimistic results of other retail chains (AvaKids, An Khang, EraBlue), anticipated to experience substantial growth in FY26-27.

Based on FCFF and PS methods, we update the current target price at VND 70,400 – equivalent to the BUY recommendation with MWG ticker.