Company Insight

Mobile World Investment Corporation (HSX: MWG) is a leading retailer in Vietnam, offering an ecosystem that meets the diverse needs of customers. MWG maintains its position as the No. 1 mobile phone & electronics retailer in Vietnam (accounting for more than 50% of the total market); to be the consumer goods retailer, with the largest grocery store chain nationwide.

In Q1/2026, MWG recorded revenue of over VND 46.4 trillion (+28.5% YoY), while NPAT reached VND 2.7 trillion (+76% YoY), driven by broad-based growth across its retail chains. We expect this growth momentum to continue throughout 2026, supported by the sustained operational efficiency of its store network. Based on FCFF and PS methods, we update the current target price at VND 107,500 – equivalent to the BUY recommendation with MWG ticker.