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
Textile & Garment – Sector Note – [Nonrated] – On a growth track
Derivatives: Low liquidity
Market commentary: Low liquidity
BSR – Brief – [NONRATED] – 4Q24: Difficulties remain
Market commentary: Market recovery
Fund flow: Capital outflow in Vietnam
Derivatives: A selling signal appears?
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