FPT Corporation

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We remain positive on Vietnam equities in the long term due to the following structural catalysts: better domestic demand, companies’ earnings prospect, economic activities and FDI inflows on the back of broader economic reopening and fiscal stimulus...

FPT posted 10M 2021 business results with net sales and PBT growing by 19% yoy and 20% yoy, respectively, to VND28,215bn and VND5,206bn. These results have accomplished 82%/79% of our full-year revenue/PBT forecasts, which were in line with our expec...

The outperformance of smaller market cap stocks compared with the returns on VN Index in July was generally in line with our expectations. We expect this attractive valuation level to be supportive of a continued rally in H2 21 considering a 33% yoy ...

FPT posted 5M 2021 revenue of VND13.3tn (+18.6% yoy) and PBT at VND2.4tn (+21.8% yoy), slightly below our expectations by completing 36%/40%, respectively, of the corresponding forecasts due to lower-than-expected global IT services performance. Prod...

FPT’s revenue grew by 6%, amounting to VND7,553bn, while NPAT went flat at VND929bn in Q3 20. Global IT services PBT maintained despite rising salaries in the IT industry. Revenue from internet broadband increased 10% yoy, in line with the estimated ...

Vietnam's stock market increased sharply in August and became one of the best markets in the world as the VNIndex increased by 10.4% m/m. However, we believe that the recent uptick of the market is not sustainable when, based on our observations, the...