for the quarter ended December 31, 2019
for the quarter ended December 31, 2019
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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F88 continued to accelerate its expansion speed in 4Q19 with total 18 new branches opened, raising total store number nationwide to 124 stores. At the same time, the company continued to promote its motorbike title loan and car title loans, boosting average lending balance growth by 13% compared with 3Q19.
During the quarter, Nhat Tin’s number of shipments increased 24%, which contributed to a YoY net revenue growth of 33%.
Net revenue at ABA grew 56.5% YOY in 4Q19. This growth is driven largely by ABA’s ability to meet the aggressive expansion plans of key customers with the cold storage facility in Ho Chi Minh City acquired by ABA in October 2018.
In December, Pharmacity in cooperation with Bao Long Insurance Company launched Pharmacity Care – a pioneered health insurance program for its ExtraCare members. With more than 2 million people subscribed to ExtraCare membership, Pharmacity Care is expected to offer great benefits for its members and meet healthcare needs of all Pharmacity customers.
Vua Nem’s net revenue increased by 37% YoY in 4Q19. The strong growth was driven by the online-offline integration strategy and promotion programs that were a good fit with customer needs.
In November, Pizza 4P’s organized a retreat for its leadership team led by Dr. Tho Havinh, Program Director of the Gross National Happiness Centre in Bhutan. The management team of Pizza 4P’s discovered and experienced happiness and inner peace. To fulfill Pizza 4P’s vision of “Make the world smile for peace”, the team realizes that happiness and inner peace starts with them and who they are being.
When MEF III divested in 2022, Pizza 4P’s grew from a chain of 8 restaurants in 2018 to a network of 27 restaurants in Vietnam and Cambodia, representing growth of more than three times. During this rapid growth, Pizza 4P’s has successfully maintained its uniquely high-quality standards and commitment to delivering ‘Wow’ dining experiences to its customers. As a validation of its stronghold in customer experience, Pizza 4P’s has been nominated as the Best Pizza in Vietnam and Cambodia as part of the Asia’s Best Awards 2022 by the well-known international magazine Travel + Leisure Asia.
