FRT – Brief – [NONRATED] – Long Chau expanded, FPT Shop contracted
In 2Q24, FRT reported a revenue of VND9,327bn (+29.2% yoy; 108% of our forecast). Long Chau’s sales surged thanks to store expansion, while FPT Shop’s sales improved thanks to higher sales per stores. NPAT was VND48bn (turnaround from -VND215bn in 2Q23; 113% of our forecast).
Featured Analysis
Market traders: Proprietary and foreigners both recorded net buying
Market commentary: Afternoon selling pressure
Chart of the day: Awaiting the next signal
Derivatives: Declining liquidity
Derivatives: Awaiting the next signal
Market commentary: Market reversal
Derivatives: Optimistic sentiment
