FPT deputy CEO says company has made significant efforts to stabilize share price

After the stock price fell 20% over the past year, Mr. Nguyen The Phuong, Deputy CEO of FPT, said the company has made many efforts to stabilize the price. At the annual meeting held on 16/4, shareholders were most concerned about the company's stock price continuing to fall over the past year, while the broad market rose about 600 points. At the close of today’s trading, FPT's price stood at slightly over 74,000 dong per share, down nearly 20% from mid-April last year. In response to the unprecedented number of shareholders attending the meeting, Mr. Nguyen The Phuong said that the stock price movement over the past year declined in a global context. Investors have revalued the IT services sector due to concerns about the impact of artificial intelligence (AI). Many large technology companies such as Infosys, Tata Consultancy Services, and Accenture also reported a 40% decline in market capitalization, roughly matching FPT's adjustment. 'This reflects global investors' cautious stance in the face of major AI-driven changes,' Mr. Phuong said. In this context, Phuong said FPT has taken many steps to stabilize the current situation, prioritizing sustainable growth and ensuring employment. In fact, in Q1, headcount in FPT Software's global technology services segment continued to grow, indicating demand for this area worldwide is rising. Additionally, the company has stepped up communications to help investors better understand FPT's direction, strategy, and long-term prospects. Regarding concrete steps, management will consider buying shares in the near term, subject to ensuring shareholders' interests and favorable market conditions. Regarding the stock story, Trương Gia Bình, Chairman of FPT, expressed sympathy to shareholders as the stock price remained depressed while the market rose. Bình said international organizations note that few companies can maintain double-digit growth for ten consecutive years like FPT, hence growth expectations for the company are higher. Nevertheless, the FPT chairman remains confident in the group's long-term outlook. 'In the next 5-10 years, FPT could master the country's core technologies, and stand shoulder to shoulder with the world's leading groups in digital transformation and AI,' Bình said. In 2026, FPT set revenue target of 58,580 billion dong and pre-tax profit of 11,629 billion dong, about a 15% improvement over 2025 when the accounting method for FPT Telecom changed. However, the group's growth this year is expected to slow compared with the rise of the previous five years, by about 18-20%. Mr. Nguyen Van Khoa, the CEO of FPT, assessed that this year will be a challenging period due to ongoing geopolitical instability, which affects macroeconomics. Therefore, this year's plan remains positive given the stated context. The FPT CEO said if conditions worsen, the company will adjust its business plan to fit reality. However, the leader affirmed that the group will proactively implement solutions to adapt to market changes. 'We view facing market volatility as a daily exercise,' said Khoa.