FPT Corporation


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11 articles for FPT Corporation

Vietnam Strategy: April 2022 – Tailwinds from AGM and earnings season

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...
Rong Viet Lam
Lam Nguyen @ Rong Viet 11 April 2022

FPT Corporation: 10M 21 business results update – Profit growth normalised post lockdown

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...
Rong Viet Tung
Tung Do @ Rong Viet 7 December 2021

Vietnam Strategy: August 2021 – Picking a safe haven at a time of uncertainty

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 ...
Rong Viet Lam
Lam Nguyen @ Rong Viet 10 August 2021

FPT Corporation: 5M 21 results – Key businesses pick up extending double-digit growth in profits

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...
Rong Viet Tung
Tung Do @ Rong Viet 23 June 2021

FPT Corporation: Q3 20 – Growth decelerates due to subdued backlog value signed in H1 20

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 ...
Rong Viet Tung
Tung Do @ Rong Viet 5 November 2020

Vietnam strategy – September 2020: Uptrend boosted by 'cheap' money

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...
Rong Viet Lam
Lam Nguyen @ Rong Viet 7 September 2020
Vietnam strategy – September 2020: Uptrend boosted by 'cheap' money
Vietnam strategy – September 2020: Uptrend boosted by 'cheap' money


Software & Services
FPT Corp is an information and communication technology company. The Company provides services in mobile distribution, systems integration, software outsourcing and development, Internet and e-media content, and computer assembly.

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Information Technology Equity FPT Corporation Software & Services Vietnam Asia FPT Industrials Banks Transportation Financials Lam Nguyen Consumer Durables & Apparel Macro-strategy