MWG Chairman Buys 1M Shares, Stake Hits 2.264% as Revenue Surges

Overview

Nguyen Duc Tai, Chairman of the Board at Mobile World Investment Corporation (MWG, HOSE), has successfully acquired 1 million MWG shares, raising his ownership to 2.264% of the company’s capital. The transaction comes alongside the release of strong 7-month revenue figures, which show a 29% year-on-year increase, underscoring the company’s continued growth across its retail chains.

Key Facts

• Nguyen Duc Tai purchased 1 million MWG shares via matched orders on the Ho Chi Minh Stock Exchange (HOSE) from July 31 to August 13, 2026.
• His stake increased from 2.196% to 2.264%, with holdings rising from over 32.4 million to over 33.4 million shares.
• MWG registered to buy back 71,560 treasury shares for VND 715.6 million to recover shares from departed employees under its ESOP program, with transactions from August 26 to September 24, 2026.
• Net revenue for the first seven months of 2026 reached VND 111,394 billion, up 29% year-on-year, achieving about 60% of the full-year target of VND 185,000 billion.
• Bach Hoa Xanh contributed 30.5% of revenue, while Dien May Xanh group accounted for 45%; The Gioi Di Dong and Topzone made up 22.5%, with the remainder at 2%.
• Dien May Xanh group revenue hit VND 75,200 billion, up 29%, with online channels contributing 13%.
• Bach Hoa Xanh revenue reached VND 33,900 billion, up over 28%, driven by fresh food and FMCG categories.
• Erablue in Indonesia posted revenue of IDR 2,228 billion, up 89%, with 102 new stores opened in seven months.
• As of end-July 2026, MWG operated 7,183 stores across all chains, including 6,900 in Vietnam.

What Happened

According to a filing with the State Securities Commission, Nguyen Duc Tai, Chairman of the Board of Mobile World Investment Corporation, completed the purchase of 1 million MWG shares as previously registered. The transaction was executed via matched orders on the Ho Chi Minh Stock Exchange from July 31 to August 13, 2026. Following the purchase, his ownership rose from 2.196% to 2.264% of the company’s charter capital.

In a separate development, MWG registered to buy back 71,560 treasury shares for VND 715.6 million from its own funds, aimed at recovering shares from employees who left under the ESOP program. The buyback will be conducted through share transfer via VSDC from August 26 to September 24, 2026.

Market Context

MWG shares closed at VND 72,400 on August 16, 2026. The insider purchase and strong revenue report come amid a positive trend for the retail sector on HOSE, with consumer spending recovering. MWG’s diversified portfolio, including electronics, grocery, and pharmacy chains, positions it well to benefit from domestic consumption growth. The company’s revenue growth of 29% in the first seven months aligns with market expectations, supported by robust performance at Dien May Xanh and Bach Hoa Xanh.

Strategic Significance

The chairman’s share purchase signals confidence in MWG’s strategic direction, particularly its expansion into Indonesia via Erablue and the continued growth of its core chains. The strong revenue performance, especially the 89% surge in Erablue’s revenue, underscores the success of international expansion. The buyback of ESOP shares reflects prudent capital management. For long-term investors, MWG’s ability to sustain double-digit revenue growth while expanding its store network and digital channels will be key to maintaining its competitive edge in Vietnam’s retail market.

What to Watch

• Q3 2026 earnings release, expected in October, to see if revenue momentum continues.
• Progress of Erablue’s expansion in Indonesia, including store count and same-store sales growth.
• Any further insider transactions or share buybacks that may signal management’s view on valuation.
• Updates on the contribution of online channels and services like buy-now-pay-later to overall revenue.
• Regulatory approvals or policy changes affecting the retail sector in Vietnam.