Specifically, 3 out of 8 members of the Dragon Capital group, including Hanoi Investments Holdings Limited, Wareham Group Limited, and DC Developing Markets Strategies Public Limited Company, have purchased 50 thousand, 47.5 thousand, and 30 thousand FRT shares, respectively, on February 27th, totaling 127.5 thousand shares. As a result, the group’s ownership of Dragon Capital has increased to over 7.07%, equivalent to more than 9.6 million shares.
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Transactions of FRT shares by Dragon Capital group on February 27th, 2024
Source: FRT
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Based on the closing price of 135,900 VND/share in this session, it is estimated that the Dragon Capital group has spent over 17 billion VND on this deal.
From the beginning of 2024 until the time of the mentioned transaction, foreign funds have net sold about 5.4 million FRT shares. During this period, FRT stock has increased by 27%.
| Stock performance of FRT from the beginning of 2024 |
In terms of business performance, FRT has just reported losses in all four quarters of 2023, despite achieving a new revenue milestone.
In 2023, FPT Retail generated nearly 32 trillion VND in revenue, a 6% increase, with the main driving force coming from the FPT Long Châu chain, which increased by 66% and contributed 50% of the revenue structure. At the same time, the company continued to expand with an additional 560 stores, bringing the total to 1,497 pharmacies. On the other hand, the FPT Shop chain declined by 22%, closing 31 stores, with some locations transitioning to the Long Châu chain. After deducting expenses, FRT recorded a net loss of 346 billion VND, marking its first year of losses since being listed.
