MWG – Robust 3Q19 results on forceful store expansion – Earnings Flash
- Mobile World Investment Corp (MWG) posted another batch of impressive results in 3Q19.
- DMX maintained strong momentum. Mobile phone segment continued to beat the market.
- BHX strived to boost both revenue and profit margin. MWG ramped up store expansion at record-high pace.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND126,100
|
VND140,700
|
1.2%
|
ADD
|
RETAIL
|
Please follow this link for the full report
You Might Be Interested
Company Note
69
MWG plans for FY24 revenue and net profit of VND125tn/VND2.4tn, respectively, increases of 6% yoy and 14 times compared to FY23. According to management, BHX will begin to record profit in 1Q24 and targets to reach net profit of VND1tn-VND2tn…
Company Note
46
We maintain our Hold rating with 11.9% upside and a 0.0% dividend yield. We increase our TP by 11.0% while the stock price has increased 5.6% since our last report. The main drivers of our recommendation are the decline in…
Company Note
52
We maintain our ADD rating with 50.2% upside. We decrease our TP by 22.3% while the share price has increased 8.5% since our last report. The main driver of our TP change is that we apply a 40% discount rate…