Retail stocks appear to be entering a new growth phase, evidenced by a significant upturn in their earnings results, which has led to the share prices of several leading retail companies edging up. Investors are increasingly focused on this sector, buoyed by a positive economic outlook and a rebound in consumer demand. Reaping rewards and recovering In just over nine months, the stock price of Mobile World Investment Corporation (HOSE: MWG) has more than doubled from around VND34,000 to nearly VND70,000 per share. This resurgence in corporate profit is the primary driver behind the influx of cash into this once-top-performing blue chip. The current price is approaching its peak of nearly VND80,000 per share (adjusted) observed in April 2022. The toughest period for MWG seems to be behind it. After reaching an all-time high profit of more than VND4.9 trillion in 2021, which propelled its stock price in early 2022, MWG faced a profit decline in the subsequent two years. This drop was due to weakened consumer demand post pandemic and market saturation in its major business segments. However, MWG’s fortunes are improving, as seen in its impressive recovery during the first half of this year. The company reported more […]
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