2Q2020 Newsletter

2Q20 Newsletter
for the quarter ended June 30, 2020

2Q20 Newsletter
for the quarter ended June 30, 2020

Some of the data here are the latest available to Mekong Capital at the date of this newsletter to be circulated. It might subject to be changed/updated lately.

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Spotlights on Mekong Capital

Spotlights on Mekong Capital
New Case Study Published

Mekong Capital – Adding Value Through Transformation, was written by Dr. Gregory Unruh, the Arison Professor of Values Leadership at George Mason University and an expert on sustainable business strategy. The case study was published by the Thunderbird School of Global Management, and available for download in both the Harvard Business School and Thunderbird case libraries.

New Case Study Published

Spotlights on Investee companies

Spotlights on Investee companies
32 new branches opened
in 2Q20

During the quarter, F88 continued to expand its distribution network with 32 new branches, all located in second tier provinces. By the end of 2Q20, F88 has total 195 branches covering 20 largest cities and provinces in Vietnam. Thanks to strong technology and employee training, the company has maintained consistent service quality and business performance across the branches given the rapid growth.

35% YOY Topline revenue
growth in 2Q20

ABA’s revenue continued to expand in 2Q20, with topline revenue expanding 35% YoY, driven by a growth in modern trade retail customers as end-consumers become more interested in food safety.

Revenue from
new customers
increased 53% YOY in 2Q20

Nhat Tin’s revenue from new retail clients and walk-in customers increased 53% YoY in 2Q20, driven by a strong focus on improving customer experience after redesigning website and launching new online-billing services, allowing customers to schedule pick-ups without having to make the trip to the physical postal locations.

Launched the FIRST Yola Smart Learning Center 

In June 2020, YOLA opened its first YOLA Smart Learning center in Buon Ma Thuot – the city in the highlands of Vietnam to bring quality online English education to all students, even in the far-away provinces. By the end of 2Q20, YOLA has enrolled more than 80,000 students across 16 centers since the inception of the company.

Launched the FIRST Yola Smart Learning Center
Opened 100 new stores in 2Q20

During this quarter, Pharmacity opened 100 new stores, raising its store network to 392 stores across 11 cities nation-wide.

Opened 100 new stores in 2Q20
Recover top line
revenue to 70% Pre-Covid level

After the April lock-down, in May and June Pizza 4P’s has recovered its top-line revenue to approximately 70% pre-COVID level.

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