We attended MWG’s investor calls on November 13, 2020. Our takeaways reinforce our optimism on MWG’s business execution, which should bolster strong earnings growth in the next few years. TGDD (mobile) and DMX (consumer electronics): Management expects an improvement in Q4 vs Q3 2020 despite the recent record flooding in central Vietnam. That said, management expressed a conservative view on industry growth in 2021, citing a potential prolonged impact from COVID-19 on consumer income