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MWG - Broad-based positive performance - Earnings Flash

MWG released preliminary H1 2017 results, in which revenue and NPAT surged 59% and 28%, respectively, vs H1 2016. This was underpinned by aggressive store openings of DienmayXANH (consumer electronics), almost doubling online sales, solid same-store-sales-growth (SSSG) and contribution from stores opened in 2016. Given that H1 2016 was a high base in terms of NPAT margin as some major expenses such as the marketing campaign for DienmayXANH and the increase in cash bonus for employees were mostly