Ngày đăng: 03/04/2019
The earning growth rate reached trough
- Net income for the first 2 months of 2019 was reported at VND 729 bn (+20% yoy) and revenue was only VND 17,396 bn (+5% yoy). Due to lower-than-expected revenue in February, we change our earnings forecast for the 1Q2019 from VND 992 bn to VND 977 bn, and previous projected revenue from VND 27,243 bn to VND 26,103 bn.
- However, we still maintain our forecasts in earnings, revenue and target price for the full year 2019. For the next coming months, the growth rate of MWG in earnings can improve and be higher than in February.
