We reiterate a BUY rating while lifting our TP by 18% as we raise projected NPAT CAGR during 2018-2021 to 26%, from 19% previously, and roll over the DCF period. Our upbeat view on MWG’s earnings prospects is premised on the roll-out of consumer electronics (DienmayXANH/DMX) and minimart (BachhoaXANH/BHX) chains. We expect DMX’s revenue to record a CAGR of 24% in the next three years, underpinned by store layout optimization and store expansion.