Foreign investors exchange 3.9m FPT shares

Monday, Feb 18, 2019 17:43

IT technicians work at FPT Software Village - a tech hub run by IT group FPT Corporation at Ha Noi’s Hoa Lac High-Tech Park. Foreign investors on Friday traded nearly 3.9 million shares of the IT giant. — Photo vozforums

Foreign institutional investors traded nearly 3.9 million shares of tech firm FPT Corporation on Friday, according to the Vietnam Securities Depository (VSD).

Foreign investment fund VOF Investment Limited of the asset management firm VinaCapital sold more than 3.55 million FPT shares to two foreign funds – Florida Retirement System (500,000 shares) and Macquarie Bank Limited (3.05 million shares).

The Australia-based fund Macquarie Bank Limited on the same day purchased 330,000 FPT shares from Forum One – VCG Partners Vietnam Fund and SHBNPP Vietnam Security Master Investment Trust.

The total value of the deals was not disclosed.

FPT Corporation recorded VND23.2 trillion (US$996.3 million) and VND3.85 trillion, respectively, in its total revenue and pre-tax profit for 2018.

The earnings figures were down 47 per cent and 9 per cent from 2017’s numbers.

FPT shares were listed on the Ho Chi Minh Stock Exchange with ticker FPT. The company’s shares inched down 0.1 per cent to end Monday at VND44,200 ($1.89) per share. — VNS

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