The stock market has had a week of stagnation in points, but liquidity has been maintained at a high level, showing the positive sentiment of investors at the present time. On the other hand, cash flow still shows rapid rotation.
At the end of the trading week, the VN-Index increased slightly by 0.1 point (+0.01%), to 1,326.15 points. Although the increase was insignificant, it still recorded the 8th consecutive week of increase, accompanied by explosive liquidity, setting a new peak in 2025.
Regarding foreign transactions, foreign capital flows continue to have a strong net selling momentum. Although it unexpectedly returned to net buying in the session on March 13, the value was insignificant, after which foreign investors quickly turned to net selling on the weekend. After 5 sessions, foreign investors net sold VND 1,939 billion in the whole market.
According to statistics according to stock codes, the focus of net selling this week was recorded at FPT shares with a sudden value of VND 1,176 billion. Also in the sell-off, the market recorded two stocks, VNM and VCG, being net sold for VND269 billion and VND216 billion, respectively. The net selling list also recorded stocks such as HPG and NLG with net selling values reaching VND208 billion and VND204 billion, respectively.
Observing market developments, FPT shares are experiencing vibrant trading sessions under great pressure from the selling side. For example, in the trading session on March 14, the matched volume reached more than 16 million shares, setting a record since it was listed in 2006. The trading value is up to more than VND 2,100 billion, the largest on the stock exchange.
Since the beginning of March, foreign investors have only bought FPT net for one session on January 4 at an insignificant value. The total net selling value accumulated in the past 2 weeks reached more than 1,300 billion VND.
Strong selling pressure pushed FPT shares down sharply by 3.7% in the third session of March 14, down to VND 131,400/share. Compared to the historical peak reached in mid-January, FPT has reduced its market price by about 15%. The enterprise's capitalization value decreased by nearly VND 25,000 billion to nearly VND 200,000 billion.
FPT shares have started to decline more strongly since the appearance of the cheap artificial intelligence (AI) model DeepSeek from China put a lot of pressure on the global technology group.
However, according to FPT, the arrival of DeepSeek may not significantly affect the effectiveness of FPT AI Factory. On the other hand, the emergence of low-cost AI models similar to DeepSeek could further promote AI application in businesses/organizations, showing the opportunities for technology companies, including FPT's AI sector.
In 2024, FPT recorded VND 62,849 billion in revenue and VND 11,071 billion in pre-tax profit, up 19.4% and 20.3% over the same period in 2023, respectively. These are all record numbers since operation. With the achieved results, FPT has exceeded the business results target set for 2024.
Profit after tax in 2024 will reach VND9,420 billion, up 21% compared to 2023. In particular, after-tax profit belonging to parent shareholders reached VND 7,849 billion, up 21.4% over the previous year. Basic interest rate on shares (EPS) reached VND 4,940, up 21.9% over the same period in 2023.
In 2025, FPT sets a revenue target of VND 75,400 billion, up 20% compared to 2024; pre-tax profit of VND 13,395 billion, up 21%. If completed, this will continue to be a new record in revenue and profit of Vietnam's leading technology enterprise and will be the 5th consecutive year of growth above 20%/year.
