Published Date: 05/09/2016
A leader in Vietnam’s software outsourcing and solution, generating revenue in both foreign market (Japan, EU, USA, other emerging countries, etc) and domestic one. The company is scaling up its IT human resources to grab more opportunities of sustainable global market as well as of recovering domestic one.
The third in Vietnam’s telecom market in terms of market share. FPT has determined in upgrading Vietnam’s internet technology from xDSL to FTTx from 2014. Aggressive investment costs have dragged the bottom line, but now they nearly come to an end.
The divestment of FPT Retail and Trading, the segment with humble growth outlook especially the Trading, will free the whole FPT’s performance.
Action: Initiating coverage of FPT with a BUY rating and a 12-month price target of VND 50,000
