Published Date: 28/03/2025
- In 2024, net profit (NP) rose 21 times yoy driven by the robust recovery of TGDD&DMX, along with BHX achieving positive earnings.
- In FY25F-26F, TGDD & DMX’s net profit may increase in 18%/25% yoy, while BHX is projected to achieve net profit of VND 410/444 bn. This would drive MWG’s net profit growth of 37%/23% yoy.
- Reiterate ADD with the TP of VND81,700/share.
