Vietcap, in an update dated October 16, lowered its outlook for FPT, forecasting after-tax profit attributable to parent company shareholders to grow an average of 14% per year over 2026–2029, versus 22% in 2021–2024. FPT's 2026 profit is projected at 10,755 billion VND, up 15%. Foreign IT remains the main growth driver, though 2026 revenue growth slows to about 14%, while domestic IT pre-tax profit is expected to rise 78% to 783 billion VND on digital transformation and the AI Factory project. The education segment faces pressure, with total students at end-2025 down about 8% and 2026 revenue expected to fall 4% to 6,736 billion VND. Vietcap says the share price already reflects most of these difficulties, with a 2026 P/E of 10.8x.
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Original headline: Vietcap điều chỉnh loạt dự báo về FPT
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FPTearningsartificial intelligenceeducation
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Related tickers and likely impact
FPT
• NeutralFPT Corp
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Technology |
| Industry | Computer Services |
| Market cap | 107,675 bn VND |
| P/E | 10.8 |
| P/B | 2.70 |
| Close on 10/20/2026 | 57.40 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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