4Q2021 Newsletter

4Q21 Newsletter
for the quarter ended 31 Dec 2021

4Q21 Newsletter
for the quarter ended 31 Dec 2021

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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New Investment

New Investment
Gene Solutions  

In October 2021, Mekong Enterprise Fund IV completed an investment of US$15 million into Gene Solutions.

Gene Solutions is a pioneer in utilizing genetic testing to detect the presence of diseases, and the market leader in Vietnam for reproductive healthcare, such as helping parents detect chromosomal disorders during pregnancy.

Gene Solutions has achieved a breakthrough liquid-biopsy technology for affordable earlier cancer detection, which is currently undergoing broader clinical trials in Vietnam and Southeast Asia. The investment of MEF IV is being used to accelerate these clinical trials.

Gene Solutions

Spotlights On Investee Companies

Spotlights On Investee Companies
New partnership with Mobile World Group 

In December 2021, F88 and Mobile World Group tied up to provide vehicle title loans throughout all Thegioididong and Dienmayxanh outlets in Ho Chi Minh city, before expanding to Mobile World Group’s wide retail network nationwide. Mobile World Group’s large network of 4,871 stores in Vietnam would help F88 speed up its expansion.

New partnership with Mobile World Group
22% YOY growth in 2021 number of trips

ABA’s total number of trips in 2021 increased by 22% YoY. This growth is largely driven by the growing demand from consumers for safe and fresh food supply from modern trade retailers in midst of the closure of traditional wet markets due to lockdowns.

 22% YOY growth in 2021 number of trips
Launched IELTS Online course

To ensure students’ learning experience and progress remain uninterrupted during long COVID-19 lockdowns, YOLA successfully launched the new IELTS Online course in early September 2021. The IELTS Online kindled significant interests from students, generating 1,108 new enrollments and accounted for 23% of all 2021 new enrollments.

Launched IELTS Online course
Revenue increased 37% YoY in 4Q21

Nhat Tin’s revenue increased 37% YoY in 4Q21. The growth was driven by Nhat Tin’s successful scaling up its transaction points, a mini version of the traditional post office, resulting in a coverage of 93% of all wards and communes nationwide, fulfilling increasing demand from the core retail clients and walk-in customers group.

Revenue increased 37% YoY in 4Q21
Opened 134 new stores

In this quarter, Pharmacity accelerated its retail expansion with 134 new stores opened, raising the chain’s total stores to 767 nationwide.

Opened 134 new stores
100% YoY revenue growth

In 4Q21, Vua Nem’s revenue achieved significant growth of 100% YoY. The growth is largely driven by multi-channel marketing campaigns, loyalty programs and a strong focus on improving customer experience at stores.

 100% YoY revenue growth
Opened Pizza 4P’s at Aeon Mall Tan Phu 

In 4Q21, 4P’s opened a new restaurant in Aeon Mall Tan Phu (HCMC), increasing the total number of Pizza 4P’s restaurants to 25.

Opened Pizza 4P’s at Aeon Mall Tan Phu
Opened 2 Marou Stations

In October and November 2021, Marou’s next 2 Marou Stations stores were opened at Giga Mall (Thu Duc District) and Takashimaya (District 1), Ho Chi Minh City, bringing the total number of retail stores of Marou to 7 nationwide.

Opened 2 Marou Stations
78% YoY growth in number of pharmacy chain stores

By end of 2021, LiveSpo successfully expanded its distribution of its liquid spore-based probiotics to 1,136 pharmacy chain stores, representing 78% YoY growth. The growth was driven by LiveSpo’s high focus to penetrate the leading chains, such as Pharmacity.

 78% YoY growth in number of pharmacy chain stores
Increased 711 active Point of Sales

In this quarter, by increasing 711 active Point of Sales (POS), Mutosi achieved a total of 3,497 POS across Vietnam, including modern trade and general trade channels, contributing to a 201% YoY growth in 2021 revenue. 

Increased 711 active Point of Sales
Number of agents increased 47% YoY

The 2021 number of agents increased 47% YoY thanks to the successful agent recruitment programs.

Number of agents increased 47% YoY
127% increase in 2021 number of tests

Gene Solutions’ number of tests in 2021 increased by 127% YoY. This was mainly contributed by the significant increase in Non-Invasive Prenatal Testing tests due to marketing campaigns and series of workshops organized in hospitals and clinics for doctors and pregnant women.

 127% increase in 2021 number of tests
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