Analyst Pin-board FPT – 8M 2022 Update
- 8M-2022 Revenue reached VND 27 trillion (+24% YoY) while NPAT-MI amounted to VND 3.4 trillion (+30% YoY), respectively fulfilling 63% and 57% of our full-year forecasts.
- Earnings results trailed behind our forecasts mostly due to softer-than-expected Education and Investments segment’ profit, while Technology and Telecom segments’ earnings are in line with our expectations, respectively fulfilling 63% and 66% of our full-year estimates.
- Technology segment continues to lead the growth with revenue and PBT respectively growing by 24% YoY and 25% YoY, while those of the Telecom segment increased by 17% YoY and 22% YoY, respectively.
- Current TP of VND 110,300 (implying a total return of 40% as of Sep 27, 2022) is under review as we are pending the revision of the Education and Investments segment’s profit.
FPT is providing IT and telecommunication products and services. Co.'s main products and services provided are: software development including software outsourcing; software solutions, software services and ERP services; system integration; informatics services including system management, BPO service, Data Center service etc.; telecommunication services including internet services and value added services; digital content service including online advertising, online games etc.; college, university and postgraduate training services; production, distribution and retails of IT and telecommunication products.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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