Asserting No Adjustment to Business Plans
During an investor meeting on May 22, Joint Stock Company Mobile World Investment (coded MWG) announced that its estimated revenue for April reached approximately VND 12,500 billion, an increase of over 8% from the previous year and month.
The Mobile World/Electricity Map (MWG/EMX) chain recorded a revenue of VND 8,300 billion, a 13% increase from the previous month, thanks to the contribution of major product lines such as phones, TVs, and home appliances. Green Grocery (BHX) maintained a revenue of over VND 3,900 billion, a 22% increase from the previous year.
Mr. Vu Dang Linh, CEO of MWG, stated that while the phone/appliance market grew by around 4-5% in the first months of the year, the member companies experienced a 12% growth rate. The consumer goods sector saw a collective increase of 7-8%, with Green Grocery achieving a 20% growth rate year-on-year.
As a result, MWG’s overall growth rate so far has been approximately 14% compared to the same period last year. “Based on my discussions with multiple parties, I estimate that purchasing power will only see a slight improvement for the 2025-2026 period,” said the CEO of MWG, offering his insights on the market.
Regarding concerns about taxes, Mr. Vu Dang Linh assessed that MWG might be indirectly affected if the demand is impacted, but the extent would not be significant. “The restructuring process has strengthened our internal capabilities and made us more flexible and resilient to market fluctuations,” emphasized the CEO of MWG.
This year, MWG aims for a pure revenue target of VND 150,000 billion and a profit-after-tax target of VND 4,850 billion, representing a 12% and 30% increase, respectively, compared to the 2024 performance. Mr. Vu Dang Linh confirmed that MWG will not adjust its business targets and is determined to accomplish the 2025 plan. MWG is more focused on absolute figures rather than profit margin ratios.
Confidence in Cash Dividends and Share Buybacks
At the recent annual general meeting, MWG proposed two notable resolutions: a cash dividend payout of up to VND 1,000 per share and the repurchase of up to 10 million treasury shares (approximately 0.68% of the circulating shares). The management of MWG stated that these moves align with the company’s stable business performance, and they are confident in executing both options.
“Unless there are any extraordinary changes, we will distribute cash dividends of VND 1,000 per share. Only under very special circumstances will we adjust this decision,”
asserted the CEO of MWG.
Regarding financial investments, Mr. Vu Dang Linh confirmed that MWG has a strong cash flow and healthy financial indicators. This has earned the trust of banks and partners, resulting in favorable interest rates and trade financing support. The leadership of MWG intends to leverage these advantages in financial investments and will continue this strategy.
“During our financial investment process, MWG always prioritizes safeguarding our cash flow and meeting the core business needs of the company. We remain cautious, primarily investing in bank deposits, certificates of deposit, or bonds from reputable enterprises, and always seek commitments from our investment partners,”
emphasized the CEO of MWG.
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The Chairman of the Board of Directors has taken on the additional role of legal representative, while the President and Vice President of PJICO have both stepped down from their respective positions simultaneously.
