What’s Happening with FPT: Foreign Investors Sell for 12 Consecutive Sessions, Record 140 Million Shares Room Despite Strong Growth

The Vietnamese stock market reached a new peak, yet FPT’s shares have decreased by about 20% compared to their peak earlier this year. FPT is one of the stocks heavily sold by foreign investors, with a total open foreign room of 140 million shares, leading to strong selling pressure over 12 consecutive sessions worth 3.2 trillion VND. Tech stocks, including FPT, CMG, and ELC, have also underperformed compared to the VN-Index. The main reasons include profit-taking pressure after a successful prior year and capital flowing towards financial stocks instead of technology. Global IT spending growth forecasts have been reduced to 7.9% for 2025, reflecting macroeconomic uncertainties. In the first half of 2025, FPT reported revenues of 32.7 trillion VND (+11%) and profits of 5.3 trillion VND (+20%), though growth is slowing. Key growth drivers remain its technology and telecommunications sectors, but technology revenue growth is decelerating compared to last year. FPT still reports improved profit margins due to effective cost management.