After 2 months, the number of drivers who register for MyGo is equal to 60% of Grab but mainly for delivery

Tram Ho

According to the report of SSI Securities Analysis Department (SSI Research), information from the management of Viettel Post Corporation (Viettel Post – UPCoM: VTP), as of August 2019, is 2 months after MyGo left. in operation, the number of driver accounts reached 120,000 people (Grab is 200,000 people, Be is 30,000 people). Of which, 80% of accounts actually operate.

In the third quarter, the cost of MyGo was less than 1 billion dong, not much impact on the business results of Viettel Post. At present, MyGo has not attracted the attraction of the ride-hailing market, the core activity is still delivery to Viettel Post. However, MyGo plans to cooperate with other delivery companies in the future.

Sau 2 tháng, lượng tài xế đăng ký MyGo bằng 60% Grab nhưng chủ yếu là giao hàng - Ảnh 1.

According to Viettel Post, in cities, delivery services are very developed. This is an opportunity for MyGo to provide last-mile delivery. The delivery business just received and brought goods to the classification center of MyGo / Viettel Post. According to SSI Research, this is a potential business idea but it needs to consider the actual operation of Viettel Post in the near future. Currently, MyGo has not been considered as the main source of revenue for Viettel Post.

According to the General Meeting of Shareholders, the company will issue ESOP in the fourth quarter. The number of shares expected to issue is about 1.17 million shares, equivalent to 2% of capital. The transfer restriction period is 2 years from the end of the issue. Issuing price has not been fixed.

SSI Research believes that e-commerce activities develop and promote delivery services, so Viettel Post’s profit in 2019 and 2020 could increase by 41% and 40%, respectively.

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Source : Trí Thức Trẻ