At the end of the trading session on May 3rd, FOX stock of FPT Telecom Corporation rose 10.9% to VND 72,200 per share. This is also the all-time high price of this stock since its inception on UPCoM in 2017.
Since the beginning of this year, FOX’s market price has increased by 43%. Earlier, in 2023, this stock also witnessed a 60% increase within a year. FPT Telecom’s market capitalization has reached VND 35,600 billion (about 1.4 billion USD), an increase of nearly VND 11,000 billion compared to the beginning of the year.
The stock’s rally was strongly supported by positive business results. According to the consolidated financial statements for the first quarter of 2024, FPT Telecom recorded a net revenue of VND 4,012 billion, up 6% compared to the same period in 2022. After-tax profit attributable to the parent company reached VND 653 billion, up nearly 12,7% compared to the same period last year.
This is also the record profit that this business has ever achieved. Each quarter, the company has maintained a steady double-digit growth compared to the same period last year.
In fact, FPT Telecom has always been recognized as a business with stable and sustainable growth in the “FPT family”. In the last 5 years, the company has always maintained revenue of nearly VND 10,000 billion and after-tax profit of over VND 1,000 billion. However, not stagnating, the company’s profit has steadily increased.
In 2024, FPT Telecom set a business target with revenue of VND 17,600 billion, pre-tax profit of VND 3,510 billion, up 11.4% and 15.4% respectively compared to the previous year.
In particular, FPT Telecom is also considered a “giant” with a lot of money on the stock exchange. At the end of the first quarter of 2024, the company recorded nearly VND 10,400 billion in term deposits in banks, an increase of more than VND 1,300 billion after only 3 months.
In addition, this business is also a company that regularly pays dividends in cash, fluctuating around 20-30%/year. Previously, the total dividend rate for 2022 was 30% in cash. In 2023, the company expects the dividend yield to be not less than 20%.
FPT Telecom is a member of FPT Corporation, providing Telecommunications and Internet services, online television, cloud computing…
In addition, FOX has many online services such as: Online media, FPT Play, FShare, Fsend, Mix166, Startalk.
