External broker reports(aggregated public sources), Vietcap

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External broker reports(aggregated public sources)

Equity Bottom-Up

Mobile World Investment / Equity Bottom-Up

<ul><li>We maintain our BUY rating and raise our target price by 29% as we roll over our TP horizon to end-2026 and raise our 2025F/26F/27F/28F NPAT-MI forecasts by 16%/21%/26%/29%, respectively.</li><li>Our higher NPAT-MI forecasts are driven by an accelerated pace of BHX store openings as well as gains in electronics market share and service revenue.</li><li>MWG showcased traction of this plan in 8M 2025.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain our BUY rating and raise our target price by 29% as we roll over our TP horizon to end-2026 and raise our 2025F/26F/27F/28F NPAT-MI forecasts by 16%/21%/26%/29%, respectively.Our higher NPAT-MI forecasts are driven by an accelerated pace of BHX store openings as well as gains in electronics market share and service revenue.MWG showcased traction of this plan in 8M 2025.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MWG [BUY +21.1%] - BHX Accelerates Expansion, ICT to Sustain Low-Teen Growth - Update