FPT Capitalization Hits 7 Billion USD, Reaching Top 4 on HOSE

FPT shares have surged by 43% in the initial five months of the year, propelling its market capitalization to nearly 174 trillion VND.

Despite the fluctuations witnessed across the broader market since the year commenced, FPT shares (Code: FPT) have remained on a steady upward trajectory. Ending the session on May 28 with a 3% increase, the stock is currently priced at 137,000 VND per share. This marks nearly 43% compared to the beginning of the year. The average trading volume per session is about 2.9 million shares.
With recent positive developments, the Corporation's market capitalization has surged to 173,986 billion VND, approximately 6.96 billion USD (based on a temporary exchange rate of 1 USD for 25,000 VND). This figure temporarily surpasses market giants such as Vinhomes, VietinBank, Vingroup, Hoa Phat, and Techcombank.

According to HOSE, FPT's market capitalization ranks 4th, trailing only VCB, BID, and GAS. However, when considering the combined market capitalization of companies listed on HOSE, HNX, and UPCoM, FPT ranks 6th, following VGI (275,465 billion VND) and ACV (221,614 billion VND).

FPT, the technology behemoth, continues to sustain its business growth trajectory. In the first four months of the year, FPT disclosed revenue figures amounting to 8,989 billion VND and pre-tax profit of 3,447 billion VND, up 20.6% and 19.7%, respectively. Moreover, the profit after tax attributable to shareholders of the parent company reached 2,455 billion VND, registering a robust 21.6% surge compared to the first four months of 2023.

This year, the Corporation sets its sights on achieving revenue of 61,850 billion VND and pre-tax profit of 10,875 billion VND, representing respective growth rates of 17.5% and 18.2% compared to 2023. Thus, after four months, FPT has already attained nearly 31% of its revenue targets and 32% of its profit targets for the entire year.

Additionally, FPT has been included in the list of divestments for the second phase in 2024, as announced by the State Capital Investment and Trading Corporation (SCIC). This list comprises a total of 31 businesses. SCIC currently holds a 5.8% stake in FPT, equivalent to a par value of 635 billion VND. Considering the current market price of 137,000 VND per share, the deal value could reach approximately 8,700 billion VND.

Source: https://vietnambiz.vn/von-hoa-fpt-cham-nguong-7-ty-usd-lot-top-4-tren-hose-2024528202313384.htm