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Thursday, July 25, 2024

MWG leads retail stocks

By Linh Trang

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Despite a strong surge in price, MWG shares are still attractive to investors. Stock price picks up Mobile World Investment Corporation (stock code MWG) is one of the key representatives of the retail sector in Vietnam’s stock market. Following a sharp fall in 2023, the price of MWG has been rallying since early this year. In the face of the VN-Index loss of nearly 100 points in mid-April, MWG’s stock maintained growth momentum and rose to new highs. At the end of the trading session on June 3, MWG hovered around VND64,000 per share, which has picked up by more than 50% in the year to date. This remarkable recovery of MWG is mainly attributed to improvements in the company’s business performance and the return of foreign investors. After its inception in 2004, the company started with a retail chain of mobile phones and IT products, known as The Gioi Di Dong. Later, it expanded its operations to include home electronics with another chain called Dien May Xanh. Currently, MWG operates an extensive nationwide network with more than 1,100 The Gioi Di Dong outlets and 2,200 Dien May Xanh stores. In 2016, the company diversified its retail portfolio by introducing […]
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