FPT Shares Unexpectedly Hit Floor, FPT Telecom Surges

On April 16, FPT shares dropped to the floor while FPT Telecom (FOX) increased by 4%. FPT is nearing a one-year low, while FOX is 14% below its historical peak. At the annual general meeting on April 15, FPT set an ambitious revenue target of 75.4 trillion VND, a 20% increase from the previous year, despite global uncertainties. FPT authorized its Board of Directors to adjust the plan if necessary. FPT Telecom announced a cash dividend payout of 3,000 VND per share and plans to issue more shares at a ratio of 50%. The projected revenue for 2025 is 19.9 trillion VND, up 13%, with an expected profit of 4.2 trillion VND. FPT Chairman Truong Gia Binh noted that 2025 will be challenging yet filled with opportunities through innovative policies and technology.