MWG Chairman Nguyen Duc Tai comments at the AGM that geopolitical factors are affecting supply chains, but the market is 'lucky' because global demand is also declining, limiting supply-demand imbalance pressure.
MWG reaffirms its 2026 targets of VND 185 trillion in revenue and VND 9.2 trillion in net profit, alongside a 30% profit growth target and a 20% stock dividend. The company's leadership, led by Chairman Nguyễn Đức Tài, emphasized a focus on margin optimization and operational efficiency despite acknowledging Middle East tensions as an adverse factor.
MWG's CEO Vũ Đăng Linh forecasts Q1 2026 net profit growth of approximately 80% year-on-year, with revenue estimated at VND 46,000-47,000B (25% of annual plan). The company expects continued strong performance in Q2 due to the peak season for appliances and electronics, supporting its full-year targets of VND 185,000B revenue and VND 9,200B net profit.
MWG presented shareholders with a 2026 business plan targeting VND 185 trillion in net revenue (+18%) and VND 9.2 trillion in consolidated net profit (+30%). Chairman Nguyễn Đức Tài affirmed the company will not adjust the plan despite global uncertainties, stating MWG 'does not have a culture of asking for help' and will compensate through operational adjustments.
Foreign investors were net sellers of 4,497.4 billion VND (~$179.9 million) last week, with net selling of 1,069.2 billion VND via matched orders. Net buying was concentrated in Real Estate and Basic Resources sectors (e.g., VIC, HPG), while net selling focused on Information Technology (e.g., FPT, BID).
Foreign investors were net sellers of nearly 4,689 billion VND (~$187.56 million) across the Vietnamese market for the week of April 13-17, with FPT being the most heavily sold stock at about 1,176 billion VND, while VIC led net buying at 1,430 billion VND.
FPT Retail's Deputy CEO expressed confidence in entering the 5-6 billion USD consumer electronics market, citing double-digit growth potential over the next decade and a strategy to compete against the dominant player.
Domestic institutional investors were net sellers of 469.3 billion VND (approx. $18.77 million) today, while foreign investors were net buyers of 47.6 billion VND (approx.
Foreign investors and proprietary traders were net buyers on the HOSE exchange on April 17, with notable net buying in VIC and MWG by foreigners and in STB and FPT by proprietary traders.
Foreign investors returned to net buying on HOSE, purchasing a net 106.5 billion VND, focusing on VIC, MWG, MSN, and FPT, while net selling 43 billion VND on HNX. The VN-Index closed slightly down at 1,817.17 points.
The article reports on daily market movements, with MWG hitting the ceiling limit on high volume due to IPO expectations for its subsidiary, while Vin-group and real estate stocks corrected sharply, and oil & gas stocks rose.
Foreign investors were net buyers of 52 billion VND (approx. $2.08 million) on the HoSE exchange, with strong net buying in VIC (315 billion VND) and MWG (195 billion VND), while being net sellers on HNX and UPCOM.
FPT Retail (FRT) announced at its 2026 AGM a target for 27% pre-tax profit growth to VND 1.55 trillion and 16% revenue growth to VND 59.5 trillion for 2026. The plan is anchored by expanding its Long Chau pharmacy network by 450 outlets and introducing over 30 new advanced drugs for rare and chronic diseases, aiming to solidify its position in Vietnam's high-value healthcare retail segment.
The VN-Index ended slightly lower, breaking a 5-session winning streak, with MWG hitting the ceiling and retail stocks performing well, while VinGroup stocks pressured the index.
FPT Retail (FRT) estimates Q1 pre-tax profit grew 70% YoY to approximately VND 465 billion, with revenue up 30%, exceeding its 2026 annual plan. The company attributes the strong start to favorable business conditions and is implementing AI tools and cost optimization to navigate potential inflation and geopolitical headwinds.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.