FPT Retail Price Estimate Reaches Over 200,000 VND, Did Brokerage Firms Fall Behind?

FPT Retail (FRT) has reached a target price above 200,000 VND per share due to significant momentum from the Long Châu pharmacy chain with over 2,000 stores. While some brokerage firms optimistically forecast the stock price could hit 220,000 VND by 2025, the reality is that the stock has sharply declined from its peak of 206,000 to 151,000 VND, a drop of 27%. Many investors took profits as the stock’s high P/E ratio applied pressure. Additionally, substantial foreign investor sell-offs have affected the stock price. Despite not meeting short-term expectations, FRT is still seen as having long-term growth potential, with a forecasted annual profit increase of 42.2% from 2024-2028, driven by the pharmaceutical retail sector’s development. SSI anticipates FRT will open 400 pharmacies annually, capturing market share from competitors that are contracting.