VCSC Daily - Stocks break above 790 on energy names - MWG, PC1, VNM
MWG: seeks shareholder approval on increasing M&A budget and new share issuance. BUY. MWG issued EGM documents in which it seeks shareholder approval for an increase in M&A budget from VND500 billion (USD22 million) to VND2.5 trillion (USD110 million). The new budget is reserved for several potential M&A transactions. MWG is in the process of acquiring a consumer electronics (CE) chain in the North.