Gioi Di Dong has issued 13.6 million ESOP shares to more than 5,500 people

The Gioi Di Dong (MWG) has issued approximately 13.6 million ESOP shares at the price of 10,000 VND / share, 92% lower than the market price.

Gioi Di Dong has issued 13.6 million ESOP shares to more than 5,500 people

A Mobile World store in Son Tay town, Hanoi. (Photo: Song Ngoc).

Mobile World Investment JSC (Ticker: MWG) announced that it has completed distributing approximately 13.6 million MWG shares under the Employee Selection Program (ESOP) within the company and its companies. subsidiary.

Of these, there were 12.91 million newly issued shares and more than 604,000 treasury shares. Issuing price is 10,000 dong / share, 92% lower than current market price of 126,200 dong / share. The company earned nearly 136 billion dong.

The total number of leaders, managers and employees to be distributed ESOP is 5,529 people. Currently, MWG has 466.12 million outstanding shares, equivalent to chartered capital of more than 4,661 billion dong. The company no longer has any treasury shares.

The above ESOP shares will be restricted to transfer for 4 years from January 11, 2021, after each year, 25% of the shares will be freely transferred.

Gioi Di Dong has issued 13.6 million ESOP shares to more than 5,500 people

A Dien May Xanh Supermarket owned by Mobile World Investment JSC. (Photo: Song Ngoc).

MWG said that the revenue in November 2020 was about 9,200 billion VND, an increase of 5% compared to October and an increase of 10% compared to the same period in 2019 mainly thanks to the positive revenue growth of Bach Hoa Xanh (BHX). ) and Dien May Xanh (DMX).

Profit after tax in November alone reached 316 billion VND, an increase of more than 3% compared to October and an increase of 12% over the same period in 2019.

In the recent analysis report, SSI Securities assessed MWG as the leading mobile phone and electronics retailer in Vietnam, accounting for 48% and 38% market share in 2019, respectively. These two segments improve to 50% and 45% respectively in the past 2020.

Gioi Di Dong has issued 13.6 million ESOP shares to more than 5,500 people

In 2015, the company opened a chain of department stores to cope with the trend of the gradually saturated electronics market. MWG aims to gain 5% market share of department stores (market size 80 billion USD), 50% mobile phone market share (market size 5 billion USD) and 60% market share of electronics (market size 5 billion USD market), striving for net profit growth of about 20-30% in the next few years.

SSI thinks 2020 is a tough year for all retailers, but MWG still achieves single-digit net profit growth thanks to gaining more market share in electronics and improving margins. department store.

In 2021, SSI forecasts that the electronics industry will recover with the profit margin of the department store continuing to increase. Both of these two factors will likely help MWG achieve a net profit growth of 30%.

However, MWG also faces three risk factors: (1) persistent COVID-19 translation, reducing unnecessary consumption; (2) regional or local social gaps that caused electronics supermarkets to close; and (3) fierce competition from e-commerce companies.

Source: vietnambiz.vn – Translated by fintel.vn

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