MWG – A trilogy growth tale during the retail boom – Initiation
- Mobile World Investment Corporation (MWG) is the largest consumer electronics retailer in terms of revenue and earnings as at end-2018.
- A sound business model and an aggressive strategy have paid-off for the company, in our view.
- We believe it is well equipped to withstand a slowdown in consumer electronics and mobile businesses. Initiate with an Add rating.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND110,900
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VND170,600
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1.35%
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ADD
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RETAILS
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