MWG – In Bach Hoa Xanh, we trust – Update
- 2Q20 net profit dropped 34.2% yoy following a 3.6x yoy surge in provision expenses.
- 1H20 net profit edged down 2.4% yoy to VND806bn, forming 53% of our FY20F forecast.
- We reiterate Add and revise our TP up to VND11,000 given the imminent shift to HOSE from UPCOM.
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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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VND83,100
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VND138,400
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1.81%
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ADD
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RETAIL
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