Reported Earnings • Apr 29
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: ₫1,460 (up from ₫1,285 in 1Q 2025). Revenue: ₫12t (down 22% from 1Q 2025). Net income: ₫2.49t (up 14% from 1Q 2025). Profit margin: 20% (up from 14% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₫5,216 (up from ₫4,292 in FY 2024). Revenue: ₫70t (up 12% from FY 2024). Net income: ₫8.87t (up 23% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫75,900, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the IT industry in Asia. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫104,473 per share. Buy Or Sell Opportunity • Mar 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₫81,600. The fair value is estimated to be ₫103,978, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Annuncio • Jan 29
FPT Corporation, Annual General Meeting, Apr 16, 2026 FPT Corporation, Annual General Meeting, Apr 16, 2026. Location: conference meeting room, 8th floor, fpt tower, no. 10 pham van bach street, cau giay ward, hanoi Vietnam Reported Earnings • Jan 28
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₫5,211 (up from ₫4,299 in FY 2024). Revenue: ₫70t (up 12% from FY 2024). Net income: ₫9.37t (up 30% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 25% per year. Buy Or Sell Opportunity • Dec 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to ₫94,300. The fair value is estimated to be ₫78,571, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Annuncio • Dec 09
FPT Announces its Smart Showroom Accelerator Solution FPT announced its Smart Showroom Accelerator solution, which enables auto dealers to turn data into decisions that inform and accelerate sales-to-conversion in real-time while building customer loyalty. The solution lies in uniting existing tools and systems rather than shifting completely online or installing new platforms or tools. The innovative showroom solution leverages an AI-driven Intelligence in Motion framework, powered by FPT's AI-first FleziPT platform, that integrates computer vision and real-time data processing into a single seamless solution. When a prospect or customer drives onto the dealer's lot, cameras instantly capture the license plate to identify the make, model, and mileage. AI then cross-references that information with existing CRM data to reveal prior interactions, trade-in potential, and even the customer's preferred salesperson. Before the visitor enters the showroom, sales executives receive a display that shows buying patterns and likelihood, purchase history, and more to make accurate recommendations. This real-time action frames the first 90 seconds of the sales interaction with confidence. Buy Or Sell Opportunity • Dec 09
Now 21% overvalued Over the last 90 days, the stock has fallen 4.2% to ₫96,900. The fair value is estimated to be ₫79,841, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Declared Dividend • Nov 16
Dividend of ₫1,000 announced Shareholders will receive a dividend of ₫1,000. Ex-date: 1st December 2025 Payment date: 12th December 2025 Dividend yield will be 1.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 12
Now 25% overvalued Over the last 90 days, the stock has fallen 3.1% to ₫100,600. The fair value is estimated to be ₫80,407, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Reported Earnings • Oct 25
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₫1,036. Revenue: ₫17t (up 8.2% from 3Q 2024). Net income: ₫2.43t (up 17% from 3Q 2024). Profit margin: 14% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia. Buy Or Sell Opportunity • Oct 22
Now 24% overvalued Over the last 90 days, the stock has fallen 13% to ₫97,000. The fair value is estimated to be ₫78,295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Buy Or Sell Opportunity • Oct 04
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to ₫93,400. The fair value is estimated to be ₫77,712, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Annuncio • Aug 13
FPT Launches AI-First Platform FleziPT, Accelerating Global Enterprise Transformation FPT announced the launch of its new artificial intelligence (AI) platform, FleziPT. Designed to deliver end-to-end, customized AI-powered transformation solutions, FleziPT empowers organizations to achieve exceptional speed, precision, and quality in their transformation journeys. This launch strengthens FPT's position as an AI-first company with full-stack AI capabilities. FleziPT is backed by the company's AI-driven software development life cycle (SDLC), delivering intelligent solutions across key domains. It leverages an AI-augmented workforce, including 12,000 skilled software engineers proficient in AI and a million digital workers in the making globally. The AI Platform allows enterprises to embed AI agents throughout every phase of software development, allowing tasks that previously took months in waterfall models or 4-6 weeks in agile sprints to be completed within days. This shift results in: Up to 60% faster development; Over 50% reduction in rework; 30% boost in productivity. These gains support faster iteration, concurrent workflows, and rapid delivery of results, driving precision and innovation at scale. FleziPT's AI-driven SDLC also fuels FPT's continuous reinvention, enabling real-time adaptation to evolving market demands through actionable AI insights. Built on almost three decades of digital transformation expertise, FleziPT features a suite of proprietary AI toolsets, including solutions such as AgentVista, CodeVista, and TestVista. It also offers tailored solutions for vertical industries such as manufacturing, healthcare, finance, automotive, and energy, including AIDP andvyChat, winners of the Globee®? Technology Awards and International Business Awards®? in 2024 and 2025. To support the next-level AI transformation for global businesses across industries, FleziPT is also underpinned by AI-specific workforce accelerators. This includes AI education across all levels for FPT employees and at FPT University, which currently graduates 2,000 AI and Data Engineering students annually. FPT also fosters a co-creation relationship with its clients through AI labs and hackathons to address their specific challenges. These efforts are strengthened by FPT's strategic partnerships with global leading AI players, including Microsoft, SAP, Landing AI, Mila - Quebec AI Institute, and notably NVIDIA with the joint initiative of FPT AI Factory. The company aims to train an additional 1,500+ AI experts by the end of 2025 and 50,000 specialists by 2030. Reported Earnings • Jul 24
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₫1,529 (up from ₫1,117 in 2Q 2024). Revenue: ₫17t (up 9.0% from 2Q 2024). Net income: ₫2.26t (up 20% from 2Q 2024). Profit margin: 14% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 01
Dividend of ₫1,000 announced Dividend of ₫1,000 is the same as last year. Ex-date: 12th June 2025 Payment date: 20th June 2025 Dividend yield will be 1.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 79% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₫126,300, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 117% over the past three years. Annuncio • May 07
FPT Corporation (HOSE:FPT) acquired David Lamm Consulting. FPT Corporation (HOSE:FPT) acquired David Lamm Consulting on May 5, 2025.
FPT Corporation (HOSE:FPT) completed the acquisition of David Lamm Consulting on May 5, 2025. Reported Earnings • Apr 23
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₫1,478 (up from ₫1,231 in 1Q 2024). Revenue: ₫16t (up 14% from 1Q 2024). Net income: ₫2.17t (up 21% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year. Annuncio • Apr 18
FPT Corporation Approves Cash Dividend for the Full Year 2024 and 2025 FPT Corporation at its annual general meeting held on April 15, 2025, approved full year 2024 profit distribution plan: cash dividend payment for the entire year 2024 at a rate of 20% (VND 2,000 per share). Already paid in 2024: 10%. The rest (10%) will be paid after the 2025 AGM's Approval .Expected payment time: Quarter 2/2025. Full year 2025 cash dividend plan: Cash dividend plan of 20% (VND 2,000 per share-in accordance with new outstanding shares after the stock dividend issued). the Board of directors will determine the interim dividend payments in reference to the actual business performance at appropriate times during the year, as well as other related matters, ensuring that it does not affect the company's business operation. The actual full year 2025 cash dividend will be approved by the 2026 AGM. Reported Earnings • Mar 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₫4,944 (up from ₫4,052 in FY 2023). Revenue: ₫63t (up 19% from FY 2023). Net income: ₫7.23t (up 22% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 11
FPT Corporation, Annual General Meeting, Apr 15, 2025 FPT Corporation, Annual General Meeting, Apr 15, 2025. Location: conference meetung room, 8th floor, fpt tower, no. 10 pham van bach street, dich vong ward, cau giay district, hanoi Vietnam Reported Earnings • Jan 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₫4,940 (up from ₫4,053 in FY 2023). Revenue: ₫63t (up 19% from FY 2023). Net income: ₫7.22t (up 22% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to ₫146,500. The fair value is estimated to be ₫121,466, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Buy Or Sell Opportunity • Dec 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to ₫145,000. The fair value is estimated to be ₫120,530, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Annuncio • Nov 27
FPT Corporation Announces First Cash Dividend of 2024, Payable on December 13, 2024 FPT Corporation announced first cash dividend of 2024 of VND 1,000 per share. Ex-right date: December 02, 2024 and Record date: December 03, 2024 and Payment time: December 13, 2024. Annuncio • Nov 19
FPT and Sitecore Launch ON.E, an E-Commerce Accelerator to Transform Digital Commerce Experience FPT and Sitecore announced the launch of an AI-powered e-commerce accelerator, ON.E. Powered by Sitecore's OrderCloud APIs and FPT's technological expertise and extensive delivery experience, ON.E is designed to accelerate time-to-market, enhance development efficiency, and offer a tailored solution for retailers globally. With its flexible and scalable headless architecture, Sitecore OrderCloud enables seamless shopping experiences across web, mobile, and in-store channels. Building on this foundation, FPT has equipped ON.E with a suite of pre-built components with composable designs and industry-specific customizations to drive digital commerce success, cutting time-to-market by over 30% and reducing costs by up to 55%. Powered by its advanced AI assistant, the e-commerce accelerator provides intelligent, data-driven recommendations to optimize e-commerce strategies. ON.E leverages a large language model to analyze user behavior and synthesize recommendations from multiple engines to select the most ideal features, thereby enhancing the overall digital experiences across diverse retail sectors. In its first roll-out year, ON.E will focus on key markets across the Asia-Pacific region and the United States. The platform will cater to all industries, initially focusing on high-demand retail sectors such as electronics, beauty and personal care, and groceries, where FPT and Sitecore have already established major success. FPT and Sitecore's partnership dates back to 2015. As a Sitecore Platinum Partner in Asia-Pacific, FPT has consistently delivered transformative digital solutions across the region. The product launching ceremony took place during FPT Techday 2024, an annual technology forum organized by FPT Corporation since 2013, attracting hundreds of thousands of individuals and businesses across industries. Over the past decade, FPT Techday has solidified its reputation as a leading platform for the convergence of emerging business and technology trends, showcasing high-impact solutions and platforms and offering actionable insights and expertise from top technology and consulting professionals worldwide. FPT Techday 2024 gathered 30 esteemed speakers and 2,500 global leaders from government and enterprise, including nearly 500 major corporations such as Nvidia, McKinsey, Forrester, and Hitachi High Tech. Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₫1,430 (up from ₫1,194 in 3Q 2023). Revenue: ₫16t (up 16% from 3Q 2023). Net income: ₫2.09t (up 20% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 26
Price target increased by 7.1% to ₫140,478 Up from ₫131,203, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₫134,300. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₫5,310 for next year compared to ₫4,053 last year. Buy Or Sell Opportunity • Aug 05
Now 23% undervalued Over the last 90 days, the stock has risen 3.9% to ₫118,600. The fair value is estimated to be ₫153,337, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Reported Earnings • Jul 21
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ₫1,098 (up from ₫880 in 2Q 2023). Revenue: ₫15t (up 22% from 2Q 2023). Net income: ₫1.87t (up 24% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 16
FPT Corporation Announces New Chief Executive Officer for Its Subsidiary FPT China FPT Corporation announced New Chief Executive Officer for Its Subsidiary FPT China. Tuan brings 20 years of growth and operational expertise to FPT China. Before assuming the role, he held various senior positions in FPT Software, a subsidiary of FPT, notably Director of Telecommunication & Public Service and CEO of FPT Dalian. Tuan's strategic acumen and extensive experience championed several projects in the Japanese market, one of the company's key markets. Annuncio • Jun 13
FPT Corporation Announces Cash Dividend for 2023, Payable on June 20, 2024 FPT Corporation announced that cash dividend of 10%/par value (VND 1,000/share) for 2023. Payment date is June 20, 2024. Ex-right date is June 12, 2024. Record date is June 13, 2024. Price Target Changed • May 14
Price target increased by 8.7% to ₫128,444 Up from ₫118,184, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₫130,500. Stock is up 84% over the past year. The company is forecast to post earnings per share of ₫5,797 for next year compared to ₫4,661 last year. Reported Earnings • Apr 23
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: ₫1,416 (up from ₫1,184 in 1Q 2023). Revenue: ₫14t (up 21% from 1Q 2023). Net income: ₫1.80t (up 20% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 16
FPT Corporation Provides Earnings Guidance for the Fiscal Year 2024 FPT Corporation provided earnings guidance for the fiscal year 2024. for the year, the company expects aims for a 17.5% revenue growth. Annuncio • Apr 02
FPT Corporation Appoints Christophe Schwanengel as Chief Executive Officer of FPT France FPT Corporation announced the appointment of Christophe Schwanengel as the Chief Executive Officer of FPT France. The newly appointed CEO is entrusted with the mission of strengthening FPT France’s expansion and diversifying its multi-industry clientele. With further enhanced business growth and reputation in France, as well as other French-speaking countries and territories, the move ultimately aims to realize the company’s ambition to become France's top 50 IT company by 2028. Christophe Schewanegel has over 20 years of experience working in various senior positions. Before joining FPT, he held the position of Vice President of Sales at HCL, where he successfully guided its French division in securing multiple high-profile contracts in the healthcare, aerospace, energy, and manufacturing industries, cumulatively worth over 500 million USD. Prior to that, he was the Business Development Director at CSC, playing a pivotal role in penetrating the European market, facilitating its growth with several million-dollar deals. Annuncio • Mar 13
FPT Corporation Appoints Pham Minh Tuan as the Executive Vice President Global corporation FPT announced its appointment of Mr. Pham Minh Tuan as the Executive Vice President. At the same time, he remains as Chief Executive Officer of FPT Software, a tech subsidiary of FPT. As FPT's EVP, Tuan is responsible for promoting the Corporation and its member companies' global business endeavours, focusing on Cloud, Artificial Intelligence, semiconductors, automotive software technology, Infrastructure Managed Services (IMS), and green transformation. Assuming the position of CEO since 2018, Tuan has worked alongside FPT Software Chairwoman and other senior executives to lead the company to achieve its first-ever 1 billion USD in revenue from overseas markets. This achievement is followed by the goal of 5 billion USD in revenue by 2030 and more billion-dollar milestones from a single contract, a single account, a single market, a single vertical and billion-dollar profits. Tuan played a pivotal role in FPT Software’s growth by 3.7 times, despite COVID-19 disruptions, as well as developing its million-dollar client portfolios, which account for 80% of total revenue. The company has also developed a robust, high-skilled IT workforce globally, and completed prolific investment and acquisition deals with leading companies in North America, Europe, and Japan. Prior to these roles, Tuan held several key leadership positions in other FPT's member companies. Most recently, he served as CEO of FPT Information System Co. Ltd. (2014-2018), where he successfully developed new solutions in e-government, smart transportation, smart healthcare, e-ticketing, and non-stop toll collection, initiating a new era of business for Made-by-FPT products and solutions. Tuan’s appointment as Executive Vice President is part of FPT’s program to promote diversity and transition, enhance operational capabilities, create diverse experiences for senior leaders, as well as empowering the Corporation as a whole to be at the forefront of delivering solutions that meet and exceed expectations of global clients. Reported Earnings • Mar 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₫4,661 (up from ₫3,847 in FY 2022). Revenue: ₫53t (up 20% from FY 2022). Net income: ₫5.91t (up 22% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 17
FPT Corporation, Annual General Meeting, Apr 10, 2024 FPT Corporation, Annual General Meeting, Apr 10, 2024. Location: FPT Tower, 10 Pham Van Bach street, Dich Vong ward, Cau Giay district Ha Noi city Hanoi City Vietnam Reported Earnings • Jan 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₫4,666 (up from ₫3,852 in FY 2022). Revenue: ₫53t (up 20% from FY 2022). Net income: ₫6.47t (up 34% from FY 2022). Profit margin: 12% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 06
FPT Corporation (HOSE:FPT) completed he acquisition of Cardinal Peak, LLC on November 5, 2023. FPT Corporation (HOSE:FPT) acquired Cardinal Peak, LLC on November 5, 2023. Through this investment, FPT also gains 100 experts and one office in the United States. Cardinal Peak will remain an independent entity but now has access to enhanced service offerings, greater scale, and global delivery options through FPT’s extensive network.FPT Corporation (HOSE:FPT) completed the acquisition of Cardinal Peak, LLC on November 5, 2023. Reported Earnings • Oct 21
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₫1,373 (up from ₫1,156 in 3Q 2022). Revenue: ₫14t (up 23% from 3Q 2022). Net income: ₫1.74t (up 20% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 19
Price target increased by 7.3% to ₫104,920 Up from ₫97,760, the current price target is an average from 11 analysts. New target price is 14% above last closing price of ₫92,000. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₫4,871 for next year compared to ₫3,852 last year. Price Target Changed • Oct 04
Price target increased by 7.1% to ₫100,510 Up from ₫93,831, the current price target is an average from 8 analysts. New target price is 9.0% above last closing price of ₫92,200. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₫5,045 for next year compared to ₫3,852 last year. Reported Earnings • Aug 20
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₫1,194 (up from ₫991 in 2Q 2022). Revenue: ₫12t (up 24% from 2Q 2022). Net income: ₫1.51t (up 21% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 17
Upcoming dividend of ₫1,000 per share at 2.0% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Vietnamese dividend payers (8.6%). Higher than average of industry peers (1.7%). New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 20
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₫1,373 (up from ₫996 in 2Q 2022). Revenue: ₫12t (up 24% from 2Q 2022). Net income: ₫1.51t (up 21% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 28
Upcoming dividend of ₫1,000 per share at 2.3% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Vietnamese dividend payers (8.3%). Higher than average of industry peers (1.8%). Annuncio • May 16
Fpt Corporation Approves to Pay Cash Dividend for 2022 FPT Corporation announced that the board of directors resolution dated may 12, 2023 the company approved to pay cash dividend for 2022. Cash dividend ratio: 10%/par value (1,000 dongs/share). Reported Earnings • Mar 15
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₫4,421 (up from ₫3,624 in FY 2021). Revenue: ₫44t (up 23% from FY 2021). Net income: ₫4.84t (up 23% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 07
FPT Corporation, Annual General Meeting, Apr 06, 2023 FPT Corporation, Annual General Meeting, Apr 06, 2023. Location: FPT tower, 10 Pham Van Bach street Dich Vong ward, Cau Giay district, Ha Noi City Vietnam Reported Earnings • Jan 23
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₫4,421 (up from ₫3,624 in FY 2021). Revenue: ₫44t (up 23% from FY 2021). Net income: ₫4.84t (up 23% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Non-Executive Independent Director Jean-Charles Belliol was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: ₫1,329 (vs ₫1,035 in 3Q 2021) Third quarter 2022 results: EPS: ₫1,329 (up from ₫1,035 in 3Q 2021). Revenue: ₫11t (up 28% from 3Q 2021). Net income: ₫1.45t (up 29% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₫44t to ₫44t. EPS estimate rose from ₫4,802 to ₫5,552. Net income forecast to grow 36% next year vs 20% growth forecast for IT industry in Vietnam. Consensus price target of ₫109,838 unchanged from last update. Share price was steady at ₫86,300 over the past week. Upcoming Dividend • Aug 17
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 12 September 2022. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Vietnamese dividend payers (7.3%). Higher than average of industry peers (1.7%). Reported Earnings • Jul 25
Second quarter 2022 earnings released: EPS: ₫1,145 (vs ₫921 in 2Q 2021) Second quarter 2022 results: EPS: ₫1,145 (up from ₫921 in 2Q 2021). Revenue: ₫10t (up 17% from 2Q 2021). Net income: ₫1.25t (up 25% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 14% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 23
FPT Corporation Approves Interim Cash Dividend for 2022, Payable on September 12, 2022 FPT Corporation announced board resolution date July 21, 2022 and approved interim cash dividend of 2022 at 10% of par value (VND 1000/share. Record date August 25, 2022 and payment date is September 12, 2022. Annuncio • Jun 08
FPT Corporation Announces to Pay Cash Dividend for 2021 Payable on June 27, 2022 FPT Corporation announced to pay cash dividend for 2021. Exercise ratio: 10%/par value (1,000 dongs/share). Payment date: June 27, 2022. Record date: June 14, 2022. Upcoming Dividend • Jun 06
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 13 June 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 98%. Trailing yield: 1.8%. Lower than top quartile of Vietnamese dividend payers (7.3%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₫111,800, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the IT industry in Asia. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫88,942 per share. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ₫1,365 (up from ₫1,004 in 1Q 2021). Revenue: ₫9.73t (up 28% from 1Q 2021). Net income: ₫1.24t (up 37% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 19%, compared to a 15% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Non-Executive Independent Director Jean-Charles Belliol was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₫111,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the IT industry in Asia. Total returns to shareholders of 273% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₫83,200 per share. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ₫4,349 (up from ₫3,579 in FY 2020). Revenue: ₫36t (up 20% from FY 2020). Net income: ₫3.94t (up 22% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 23%, compared to a 15% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: ₫4,346 (up from ₫3,582 in FY 2020). Revenue: ₫36t (up 20% from FY 2020). Net income: ₫4.33t (up 34% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 18%, compared to a 15% growth forecast for the industry in Vietnam. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target increased to ₫117,256 Up from ₫102,464, the current price target is an average from 9 analysts. New target price is 19% above last closing price of ₫98,300. Stock is up 109% over the past year. The company is forecast to post earnings per share of ₫4,499 for next year compared to ₫3,582 last year. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS ₫1,242 (vs ₫1,031 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ₫8.73t (up 16% from 3Q 2020). Net income: ₫1.12t (up 21% from 3Q 2020). Profit margin: 13% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 01
Price target increased to ₫93,529 Up from ₫86,019, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ₫92,400. Stock is up 113% over the past year. Upcoming Dividend • Aug 09
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 16 August 2021. Payment date: 01 September 2021. Trailing yield: 1.8%. Lower than top quartile of Vietnamese dividend payers (7.5%). Higher than average of industry peers (1.2%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS ₫1,105 (vs ₫975 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₫8.64t (up 24% from 2Q 2020). Net income: ₫1.00t (up 14% from 2Q 2020). Profit margin: 12% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 25
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 16 June 2021. Trailing yield: 2.1%. Lower than top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (1.3%). Price Target Changed • May 24
Price target increased to ₫85,961 Up from ₫79,468, the current price target is an average from 8 analysts. New target price is 8.1% below last closing price of ₫93,500. Stock is up 93% over the past year. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS ₫1,156 (vs ₫958 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: ₫7.59t (up 14% from 1Q 2020). Net income: ₫906.1b (up 21% from 1Q 2020). Profit margin: 12% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 08
Price target increased to ₫78,489 Up from ₫71,630, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₫79,600. Stock is up 95% over the past year. Is New 90 Day High Low • Mar 16
New 90-day high: ₫81,000 The company is up 42% from a price of ₫57,100 on 16 December 2020. Outperformed the Vietnamese market which is up 13% over the last 90 days. Exceeded the IT industry, which is up 33% over the same period. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS ₫4,120 (vs ₫3,667 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₫30t (up 7.6% from FY 2019). Net income: ₫3.23t (up 13% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue behind estimates Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 18%, compared to a 14% growth forecast for the IT industry in Vietnam. Price Target Changed • Feb 07
Price target raised to ₫71,630 Up from ₫66,632, the current price target is an average from 7 analysts. The new target price is close to the current share price of ₫72,900. As of last close, the stock is up 57% over the past year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 24% share price gain to ₫72,500, the stock is trading at a trailing P/E ratio of 17.6x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 27x in the IT industry in Asia. Total returns to shareholders over the past three years are 117%. Is New 90 Day High Low • Feb 03
New 90-day high: ₫70,000 The company is up 35% from its price of ₫52,000 on 05 November 2020. The Vietnamese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫17,772 per share. Reported Earnings • Jan 28
Full year 2020 earnings released: EPS ₫4,119 (vs ₫3,669 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₫30t (up 7.6% from FY 2019). Net income: ₫3.23t (up 13% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue behind estimates Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 20%, compared to a 13% growth forecast for the IT industry in Vietnam. Price Target Changed • Jan 28
Price target raised to ₫69,007 Up from ₫64,109, the current price target is an average from 7 analysts. The new target price is 18% above the current share price of ₫58,600. As of last close, the stock is up 23% over the past year. Is New 90 Day High Low • Jan 15
New 90-day high: ₫66,600 The company is up 25% from its price of ₫53,200 on 16 October 2020. The Vietnamese market is also up 25% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫17,462 per share. Is New 90 Day High Low • Dec 29
New 90-day high: ₫58,600 The company is up 17% from its price of ₫50,000 on 30 September 2020. The Vietnamese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫16,904 per share. Is New 90 Day High Low • Dec 09
New 90-day high: ₫57,500 The company is up 17% from its price of ₫49,200 on 10 September 2020. The Vietnamese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫14,184 per share. Is New 90 Day High Low • Nov 19
New 90-day high: ₫55,100 The company is up 16% from its price of ₫47,400 on 21 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫26,731 per share. Annuncio • Nov 07
The Corporation Announces Board of Directors Changes The Corporation announced the appointment of Michael Warner to the Board of Directors. Michael first joined Firm Capital Corporation in 1995 and is its Senior Vice President of Mortgage Lending. Michaels vast experience
in all aspects of real estate and real estate credit will be an added benefit to the Corporation. Michael is replacing Edward Gilbert, who has resigned as a Director. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫3.04t, up 3.2% from the prior year. Total revenue was ₫29t over the last 12 months, up 10% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day high: ₫53,200 The company is up 11% from its price of ₫48,100 on 17 July 2020. The Vietnamese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₫25,535 per share. Annuncio • Sep 22
FPT Corporation announced that it has received $36.5 million in funding from Intel Capital, TPG Biotech FPT Corporation (HOSE:FPT) announced that it has raised $36.50 million in its round of funding led by Texas Pacific Group on October 23, 2006. New investor, TPG Biotech invested through its fund TPG Ventures, L.P. The round included participation from new investor Intel Capital. As part of the transaction, Vivek Paul, a Partner with TTPG Biotech, will serve as Special Strategic Advisor to the company. The company issued new shares to the investors. For the year ended December 31, 2005, FPT Corporation reported revenues of $517 million and before-tax profit of $21.7 million.
Amitabh Malhotra of Rothschild (Hong Kong) Limited served as a placement agent to FPT Corporation.
On October 23, 2006, FPT Corporation (HOSE:FPT) closed the transaction.