FPT’s Woes: Stock Falls to Two-Year Low, Record 250 Million Share Room

FPT’s stock fell 3.3% to 81,600 VND/share, marking a two-year low, with a market capitalization of 139 trillion VND. Since the beginning of the year, the stock has lost about 15% of its value and 23% from its January peak. Notably, liquidity has increased, with foreign investors selling net nearly 600 billion VND in the session on March 6, bringing the total sales since the beginning of the year to nearly 8.5 trillion VND. FPT currently has a record foreign room of 250 million shares, contrasting with the time when foreign investors actively sought this stock. The Pyn Elite Fund, previously a significant shareholder, now faces declines. Concerns over AI developments diminishing software companies’ competitive advantages are making investors cautious. While FPT’s leadership views AI as a means to reshape the IT industry, adapting their business model is crucial, with projected AI revenue reaching nearly 100 million USD in 2025.