MWG [BUY +48.0%] - Management cautious about consumer spending - Analyst Call Note
  • 2020-05-11T22:49:19
  • Company Research
MWG held calls with analysts and investors today regarding its Q1 2020 results and other business updates. As expected, revenue from TGDD (mobile) and DMX (consumer electronics/CE) slumped in April due to social distancing measures imposed in Vietnam during the month. On the other hand, sales/store of BHX (grocery) eased April vs March as the boost from consumers stocking up amid the COVID-19 pandemic subsided. While management has seen positive sales improvements at TGDD and DMX since Vietnam.