Bach Hoa Xanh Determined to “Advance North”, MWG Shares of Mr. Nguyen Duc Tai “Skyrocket”

Shares of MWG from Mobile World Investment Corporation have recently reached a new peak, closing on September 11 with a 4% increase to 78,800 VND/share. Bach Hoa Xanh (BHX) plans to expand into the North with a goal of opening 400 new stores in 2025 and 1,000 stores per year starting in 2026. To date, BHX has opened 414 stores, exceeding its target for the first nine months. The cumulative revenue of BHX in the first seven months of the year reached nearly 26.5 trillion VND, up 15%. MWG plans to IPO BHX in 2028, aiming for 10 billion USD in revenue by diversifying its store models. Additionally, BHX aims to increase online revenue from 5% to 10%. Forecasts suggest MWG will achieve a revenue growth of 13% and a profit growth of 20% during 2026-2030. MWG will also develop a SuperApp and expand into foreign markets, particularly Indonesia.