Foreign investors spent hundreds of billions to purchase shares of FPT Retail (FRT) during the floor trading session
The FRT trade was quite active with the matching orders of 871 thousand shares only after the first one hour and the buying source mainly came from foreign investors when they bought 840 thousand of FRT shares, equivalent to 126 billion VND.
In this morning session (April 26, 2018), 40 million FRT shares of FPT Digital Retail JSC – FPT Retail were officially listed on HoSE with the reference price of 125,000 VND/share.
The FRT trade was quite active with the matching orders of 871 thousand shares only after the first one hour and the buying source mainly came from foreign investors when they bought net 840 thousand of FRT shares, equivalent to 126 billion VND.
FRT is currently in excess of buying 333,000 shares, as opposed to the doldrums on the common market. At the price of 150,000 VND/share, the market capitalization of FPT Retail is 6,000 billion VND.
It is known that FPT Corporation is still the largest shareholder, holding 47% of FPT Retail. The next two major shareholders of the company are Dragon Capital (holding 20%) and VinaCapital (holding 15%).
In 2018, FPT Retail expects to raise the avenue to 16,020 billion VND, up 22% compared to 2017. The net profit is expected to increase 30%, up to 377 billion VND. At the same time, FPT Retail’s average growth plan for 2018-2020 is 19.5% per year in the revenue and 26% per year for the net profit.
At the present, FPT Retail owns two retail chains, including (1) FPT Shop: retail system of various technology products such as Sony, Nokia, Samsung, Dell, Acer, Toshiba, HP, etc. and (2) F.Studio: F. Studio is Apple’s official authorized Apple Store in Vietnam, specializing in selling genuine Apple products, including the store at level 1 which is APR, level 2 which is AAR, and level 3, CES.
In addition, at the end of 2017, FPT Retail has “set foot” in the pharmaceutical industry with the acquisition of Long Chau drugstore chain.
According to Cafe F