FPT shares have had an impressive recovery, hitting the ceiling price of 93,000 VND/share, bringing hope for a “rebirth” after a prolonged decline to an 18-month low. Previously, FPT fell by 35% from its peak and faced strong selling pressure from foreign investors, with a net sale exceeding 17 trillion VND since the beginning of the year. However, recently, foreign investors began to buy back around 6 million FPT shares. The company’s business results for the first nine months were promising, with revenue nearly 49.9 trillion VND and pre-tax profit at 9.54 trillion VND, increasing by 10% and nearly 18% year-on-year, respectively. FPT aims for 73 trillion VND in revenue and 13 trillion VND in profit by 2025, reaching about 68% of revenue and 73% of profit in the adjusted plan. The foreign IT services sector also recorded revenue of 29.363 trillion VND, up 14.4%, having won numerous large projects. Revenue from Japan has been a key growth driver, with a 26.3% increase.
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