SCIC registers to buy 750,000 FPT shares as stock trades around 76,000 VND, lowest in two years

SCIC’s investment arm has filed to buy 750,000 FPT shares, increasing its holding from 250,000 shares (0.015%) to 1,000,000 shares (0.059%). The planned purchases are scheduled to run from April 16 to May 15, 2026, through open-market matching or negotiated deals, for financial investment purposes.

Planned purchase and transaction value

Based on the current market price of FPT shares at around 76,000 VND per share, the potential transaction value is estimated at about 7.5 billion VND.

Previously, in a period from late February to late March 2026, SCIC’s investment arm successfully bought 250,000 FPT shares, equivalent to 12.5% of the initial registration. The remaining shares were not executed due to market volatility.

Related parties and governance links

SCIC is linked to an insider at FPT, Ms. Tran Thi Hong Linh, who serves as a member of FPT’s Board of Directors and also represents the state ownership stake of SCIC at FPT.

FPT’s 2026 outlook and shareholder meeting

FPT will hold its 2026 annual general meeting on April 16. For 2026, FPT targets 15% profit growth (under the newly consolidated method for FPT Telecom), a figure described as lower than prior performance levels.

At the 2025 AGM, FPT set goals of 20% revenue growth and 21% pretax profit growth, aiming for about 75,400 billion VND in revenue and 13,395 billion VND in pretax profit. Chairman Truong Gia Binh said the 20% growth target reflected discipline and needed to be achieved.

2025 results and margin pressure

By year-end 2025, FPT reported revenue of 70,113 billion VND and pretax profit of 13,039 billion VND, up 11.6% and 17.8% respectively from 2024.

Despite the growth, margin pressure remains. The pretax margin for the technology segment has been around 13.2%–13.5% for years, with limited improvement attributed largely to the labor-intensive nature of IT services and cost sensitivity to revenue.

Workforce changes and AI-driven business model shifts

The technology sector’s evolving landscape, particularly AI, is affecting business models. In 2025, FPT reduced staff by more than 500 to 54,110 employees, down from more than 80,000 in September 2024—an overall decline of about 25,900 people, or 32.4%, over 15 months.

Market reaction and foreign selling

In capital markets, even with nearly 20% earnings growth, FPT’s stock faced downward pressure in 2025. Foreign investors’ selling reflected concerns about the future of the software industry amid AI disruption.