Dragon Capital leaves major shareholder position at Mobile World

Dragon Capital fund group has just divested more than 3.2 million MWG shares of Mobile World, officially no longer a major shareholder in this retail enterprise.

The profit from "money trading" of this leading retail enterprise on the stock exchange is not small... - Photo: MWG

In a report recently sent to the State Securities Commission, Dragon Capital fund group said it had sold a total of 3.26 million MWG shares of Mobile World .

After the transaction, the ownership ratio decreased from 5.2% of charter capital (more than 77 million shares) to nearly 4.99% (nearly 74 million shares).

Thus, this group officially no longer holds the position of major shareholder at MWG from September 16.

According to the detailed report, the list of member funds that sold includes: Amersham Industries Limited (940,000 shares), Norges Bank (934,000), Vietnam Enterprise Investments Limited (910,000), Hanoi Investments Holdings Limited (450,000) and Danang Investments Limited (50,000 shares).

On the other hand, Samsung Vietnam Securities Master Investment Trust (Equity) bought a modest 20,000 shares. Previously, at the end of July, Dragon Capital also divested nearly 1.5 million MWG shares.

The fund group's selling move took place right after MWG shares set a record price in mid-September. Currently on the stock market, MWG shares are trading at VND77,500/unit, down after many consecutive recent increases.

Regarding business situation, in the first 6 months of 2025, MWG had net revenue of VND 73,754 billion, up 12.2% over the same period.

Of which, The Gioi Di Dong chain reached 16,595 billion VND, accounting for 22.8% of total revenue; Dien May Xanh chain reached 32,895 billion VND, accounting for 44.6%; and Bach Hoa Xanh chain contributed 22,643 billion VND, accounting for 30.7%. After deducting expenses, MWG's net profit reached 3,205 billion VND, an increase of 54%.

Notably, recently this stock has been continuously recommended by securities companies for customers to buy with a target price that could exceed VND90,000.

The investment thesis is that in the short term, the buyback of treasury shares (10 million shares, expected as early as October) could support the stock price.

In the long term, Bach Hoa Xanh's profit will be the main growth driver from 2026, while the Erablue chain is expected to increase market share after reaching break-even point.

There has been no report mentioning the possibility of development in the "cross-border" field that Mobile World is pursuing. As shown in the financial report for the second quarter of 2025, the retail giant has a "cash vault" of about 49,000 billion VND. Of which, 7,929 billion VND is short-term loans to partners, an increase of nearly 1,900 billion VND after 6 months.

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LINH NGUYEN

Source: https://tuoitre.vn/dragon-capital-roi-ghe-co-dong-lon-tai-the-gioi-di-dong-20250918120055323.htm