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MEKONG CAPITAL – 3Q18 NEWSLETTER for the period ended 30 Sep 2018
SPOTLIGHT ON MEKONG CAPITALSPOTLIGHT ON INVESTEE COMPANIES
Mekong Capital was awarded the 2018 Private Equity International (PEI) Award for OPERATIONAL EXCELLENCE for a Lower Mid-Market/Small Cap invest-ment in Asia Pacific, based on the performance of Traphaco.
This is the sixth year in a row of Mekong Capital winning an award by Private Equity International, after having won the Operational Improvement Firm of the year for the Asian Small Cap category in 2013, 2015 & 2017, and Frontier Market Firm of the year for 2014 & 2016.
SPOTLIGHT ON MEKONG CAPITAL
2018
OPERATIONALEXCELLENCE
AWARDFROM PEI
SPOTLIGHT ON INVESTEE COMPANIES
VUA NEM
Sector: Bedding & Mattress Retail
www.vuanem.com
Vua Nem appointed Mr. Sam Woods as its Chief Operating Officer (“COO”), who will primarily be responsible for Sales, Purchasing, Marketing, and Training. Sam had more than 20 years working at Mattress Firm, a mattress retailer in the US having 3500 stores. Sam joined Vua Nem as Independent Board Director in April 2018 and decided to take on COO position starting from September 2018.
Mekong Capital was awarded the 2018 Private Equity International (PEI) Award for OPERATIONAL EXCELLENCE for a Lower Mid-Market/Small Cap invest-ment in Asia Pacific, based on the performance of Traphaco.
This is the sixth year in a row of Mekong Capital winning an award by Private Equity International, after having won the Operational Improvement Firm of the year for the Asian Small Cap category in 2013, 2015 & 2017, and Frontier Market Firm of the year for 2014 & 2016.
Mekong Capital was awarded the Contribution to HR Community Award of the Asia Human Resources Development (HRD) Awards 2018. This award is a celebration and recognition of Mekong Capital’s extraordinary influence and contribution to the advancement in the field of human development.
Winning the Contribution to HR Community Award, Mekong Capital has become the 2nd recipient based in Vietnam to receive this Asia-wide award.
CONTRIBUTION TO
HR COMMUNITY
AWARD
VUA NEM HAS A NEW
COO
ABA CORPORATION
Sector: Cold-chain logistics
www.aba.com.vn
F88
Sector: Personal lending
www.f88.vn
ABA has expanded its fleet of refrigerated trucks to 217, a 20% increase YTD. Its core trucking business has rapidly accelerated on the back of growing demand from modern trade retail chains. With the expanded trucking capacity, the company is now positioned as the leading provider of last mile solutions in the cold chain industry.
In 3Q18, F88 introduced some important new services throughout its 40-store network as its continuous effort to serve customers and community better. Vehi-cle title lending, the latest service has been welcomed by customers in Hanoi. This new service offers high flexibility and convenience for customers only need to pledge their car/motorbike title while they can still drive the vehicle.
F88 partnered with Payoo, enabling consumers to make their utility payments or other consumer finance installment payments at all F88 stores.
TRUCK FLEET REACHES
217 IN 3Q18
NEWSERVICES
HAVE BEEN WELCOMED
BY CUSTOMERS
RED WOK
Sector: Restaurant Chain
www.redwok.com.vn
In 3Q18, F88 introduced some important new services throughout its 40-store network as its continuous effort to serve customers and community better. Vehi-cle title lending, the latest service has been welcomed by customers in Hanoi. This new service offers high flexibility and convenience for customers only need to pledge their car/motorbike title while they can still drive the vehicle.
F88 partnered with Payoo, enabling consumers to make their utility payments or other consumer finance installment payments at all F88 stores.
In 3Q18, Quan Ut Ut opened its 4th location in Ho Chi Minh City. The 450-seat facility is their largest establishment to date and features a spiced-up menu with several Korean-inspired BBQ dishes, an homage to the demographics of the District 7 location. Quan Ut Ut has also expanded the universe of craft beers in the market with the introduction of several imported brands, including selec-tions from the UK-based BrewDog and Stone, the ninth largest craft brewery in the USA.
QUAN UT UT OPENEDIN HO CHI MINH CITY
4th
NHAT TIN
Sector: Express delivery
www.ntlogistics.vn
Nhat Tin’s net revenue increased 45% YoY in 3Q18. The growth was driven by strong performance in the core B2B business as well as continued expansion in the walk-in customers group. Over the same period, Nhat Tin also increased its ware-house fulfilment capacity by 30% and is on track to achieve the full year budget.
NET REVENUEINCREASED
YOY45%
BEN THANH JEWELRY (BTJ)
Sector: Jewelry Retail
www.btj.com.vn
www.precita.vn
BTJ opened 4 new Precita stores in the 3rd quarter, bringing the total to 17 Precita stores across Ho Chi Minh City. Precita is a retail chain specializing in beautiful diamond jewelry for modern, fashionable Vietnamese women.
NEW STORES OPENED IN THE 3RD QUARTER4
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
Ho Chi Minh City O�ceCapital 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
Ha Noi O�ce LOTTE 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
YOLA
Sector: English Language
Training Centers
www.yola.vn
In July 2018, YOLA opened the 11th center in Ho Chi Minh city, bringing the total number of centers to 13 nationwide. The new center has been attracting many students thanks to its prime location in Binh Tan District.
CENTER OPENED IN HO CHI MINH CITY
11th
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