FRT – Brief – [NONRATED] – Growth slowed down
In 1Q25, FRT reported a net revenue of VND11.7tn (+29.1% yoy) and NPAT of VND213bn (+3.5x yoy). Long Chau’s sales continued to rise to VND8.1tn (+45.5% yoy) and NPAT surged to VND231bn (+2.1x yoy). FPT Shop posted a sales of VND3.7tn (+2.8% yoy) and losses after taxed of VND19bn (from NPAT of VND18bn in 4Q24).
Featured Analysis
Market commentary: Liquidity continued to decline
National growth target clouded by climatic disruptions
BAF – Brief – [NONRATED] – 3Q25: The pressure from selling price
Derivatives: Awaiting trend confirmation
Market commentary: Low liquidity
PVD – Earnings Review – [BUY] – 3Q25: Robust growth as expected
Derivatives: Bullish Engulfing pattern
