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MEKONG CAPITAL – 1Q19 NEWSLETTER for the quarter ended 31 March 2019
F88
Sector: Personal Lending
www.f88.vn
SPOTLIGHTS ON INVESTEE COMPANIES
EXCLUSIVELIFE INSURANCE
DISTRIBUTION WITHMAP LIFE
In February 2019, F88 and MAP Life signed an exclusive life insurance distribution agreement.
During the first three months of 2019, F88 continued to expand its footprint in Ho Chi Minh City by opening 11 new stores, bringing the total number of stores to 57 nationwide.
SPOTLIGHTS ON INVESTEE COMPANIES
NHAT TIN
Sector: Express Delivery
www.ntlogistics.vn
NET REVENUEINCREASE
YOY30%
BEN THANHJEWELRY (BTJ)
Sector: Jewelry Retail
www.btj.com.vn
www.precita.vn
Nhat Tin had a strong first quarter as the net revenue increased 30% YoY. This was mainly driven by strong demand from the core B2B clients as well as significant growth in the walk-in customer group, which was up 33% YoY.
In 1Q19, Precita’s e-commerce revenue grew 59% compared to 4Q18, contributing 9% of the total revenue. Online contributed 21% of the total transaction volume in 1Q19 and also helped drive offline traffic to Precita’s 16 stores.
In February 2019, F88 and MAP Life signed an exclusive life insurance distribution agreement.
During the first three months of 2019, F88 continued to expand its footprint in Ho Chi Minh City by opening 11 new stores, bringing the total number of stores to 57 nationwide.
E-COMMERCEREVENUE GREW
59% QOQ
ABA CORPORATION
Sector: Cold-chain Logistics
www.aba.com.vn
RED WOK
Sector: Restaurant Chain
in
www.redwok.com.vn
INDEPENDENTDIRECTORS TO
THE BOARD
LAUNCHED ORACLETRANSPORTATION
MANAGEMENT
Red Wok recently appointed two independent experts to the Board of Directors. Mr. Kelly Wong is the Group CFO of KIDO Group, one of Vietnam’s leading consumer food companies. Mr. Rafik Mankarious is a 20-year veteran of the F&B industry and former Vice President for McDonald’s in Greater Asia. These two experts are expected to bring great expertise to Red Wok Investments, established as an investment holding company to develop local restaurant concepts into national brands throughout Vietnam. Red Wok Investments’ current portfolio includes Red Wok Cuisine, with 25 outlets, and Quan Ut Ut, which has grown to 8 locations.
ABA launched Oracle Transportation Management System in 1Q19. The platform is designed to facilitate the management of the core transportation and trucking services, giving a greater oversight of route planning, trip fulfillments and customer billing. The software enhances the company’s ability to manage its trucking fleet more effectively, which has expanded to 262 vehicles as of 31 March 2019.
2APPOINTED
YOLA
Sector: English Language
Training Centers
www.yola.vn
Visit Mekong Capital’s Blog
KID AND JUNIORNEW ENROLLMENTS
INCREASED
Red Wok recently appointed two independent experts to the Board of Directors. Mr. Kelly Wong is the Group CFO of KIDO Group, one of Vietnam’s leading consumer food companies. Mr. Rafik Mankarious is a 20-year veteran of the F&B industry and former Vice President for McDonald’s in Greater Asia. These two experts are expected to bring great expertise to Red Wok Investments, established as an investment holding company to develop local restaurant concepts into national brands throughout Vietnam. Red Wok Investments’ current portfolio includes Red Wok Cuisine, with 25 outlets, and Quan Ut Ut, which has grown to 8 locations.
In 1Q19, YOLA’s Kid and Junior new enrollments increased by 35% QoQ. This was a result of the company’s focus on the customer segment of 5-16 year-old students in 2019.
Some of data herein is the latest available to Mekong Capital at the date of this newsletter to be circulated. It might subject to be changed/updated lately.
Contact details MEKONG CAPITAL
Vision Ful�llment CenterCapital Place, 8th �oor
6 Thai Van Lung, District 1,
Ho Chi Minh City, Vietnam
Tel: (84 28) 3827 3161
Fax: (84 28) 3827 3162
E-mail: [email protected]
www.mekongcapital.com
Vision Ful�llment Center – HanoiLOTTE HANOI CENTER
31st �oor, EAST tower
54 Lieu Giai, Ba Dinh, Hanoi, Vietnam
Tel: (84 24) 3772 4888
Fax: (84 24) 3772 4868
E-mail: [email protected]
www.mekongcapital.com
35% QOQ
