{"id":36196,"date":"2026-04-25T08:22:13","date_gmt":"2026-04-25T01:22:13","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=36196"},"modified":"2026-05-06T14:17:08","modified_gmt":"2026-05-06T07:17:08","slug":"en-gtjasvn-rs_mwg-equity-report-_-growth-meets-ipo-catalyst_tp104755_april-24-2026","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/en-gtjasvn-rs_mwg-equity-report-_-growth-meets-ipo-catalyst_tp104755_april-24-2026\/","title":{"rendered":"(EN) GTJASVN RS_MWG Equity Report _ Growth meets IPO catalyst_TP104,755_April 24, 2026"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif\"><a href=\"https:\/\/gtjai.com.vn\/wp-content\/uploads\/2026\/04\/EN-GTJASVN-RS_MWG-Equity-Report-_-Growth-meets-IPO-catalyst_TP104755_April-24-2026.pdf\">(EN) GTJASVN RS_MWG Equity Report _ Growth meets IPO catalyst_TP104,755_April 24, 2026<\/a><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif\">We maintain a positive view on MWG\u2019s 2026 business outlook, underpinned by growth drivers from both the ICT-CE segment and the BHX chain. The ICT-CE segment continues to pursue a \u201cquality-focused\u201d optimization strategy through store network rationalization. For BHX, the company plans to accelerate expansion with approximately 850 new stores in 2026, although <\/span><br \/>\n<span style=\"font-family: arial, helvetica, sans-serif\">average revenue per store may face short-term pressure due to rapid rollout. <\/span><br \/>\n<span style=\"font-family: arial, helvetica, sans-serif\">We recommend \u201cBUY\u201d MWG, with a target price of 104,755 VND\/share, implying a 24% upside from the closing price on April 23, 2026.<\/span><\/p>\n","protected":false},"author":31,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-36196","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>(EN) GTJASVN RS_MWG Equity Report _ Growth meets IPO catalyst_TP104,755_April 24, 2026 - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/en-gtjasvn-rs_mwg-equity-report-_-growth-meets-ipo-catalyst_tp104755_april-24-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(EN) GTJASVN RS_MWG Equity Report _ Growth meets IPO catalyst_TP104,755_April 24, 2026 - GTJA\" \/>\n<meta property=\"og:description\" content=\"(EN) GTJASVN RS_MWG Equity Report _ Growth meets IPO catalyst_TP104,755_April 24, 2026 We maintain a positive view on MWG\u2019s 2026 business outlook, underpinned by growth drivers from both the ICT-CE segment and the BHX chain. 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