FPT – Riding the digital transformation wave – Initiation
- FPT is Vietnam’s largest tech company and is involved in the IT services, telecom and education businesses.
- We forecast an FY19-21F net profit CAGR of 12.1% on the back of an increasing Dx trend and higher proportion of patented software products.
- Initiate coverage with an Add rating and target price of VND74,000.
Market Price
|
Target Price
|
Dividend Yield
|
Rating
|
Sector
|
VND55,500
|
VND74,000
|
3.60%
|
ADD
|
CONGLOMERATE
|
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