Strong selling of FPT, big players in the market are betting on ‘Alone on the sofa’ instead of ‘Rebirth’?

In the Vietnamese stock market, FPT has been a leading stock but is currently losing its appeal. After a strong increase from mid-2023, FPT’s stock price has dropped from 152,500 VND to 124,600 VND, an 18% decline. Many large investment funds, such as Dragon Capital and VinaCapital, still hold FPT but the recent price drop will affect their performance. Meanwhile, ACB, chaired by Trần Hùng Huy, is emerging as a top choice for many funds, with a high weighting in portfolios of funds like VOF and VMEEF. Not only ACB, but the banking stock group is also favored, with stocks like VCB, STB, and TCB frequently appearing among top choices for investment funds.