MWG – Brief – [HOLD] – BHX expanded after a long wait

In Aug 24, BHX opened 17 stores to increase the total number to 1,721 stores (+23 stores YTD), which is faster than the open of 2 – 3 stores in previous months. This is an important point because BHX has been able to expand and maintain the profitability (sales / store remained at VND2.15bn – versus making losses in the past).