FRT – Update – FPT Shop strongly recovers, Long Châu maintains positive growth
Posted: May 7, 2026
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1Q26 net profit reached VND 287 bn, growing 71% yoy with positive results from both Long Chau and FPT Shop chains. This result is 18% higher than MBS Research’s forecast.
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Driven by a strong recovery from FPT Shop and steady growth from Long Chau, we estimate a net profit CAGR of 33% for the FY26F-27F period.
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Reiterate ADD with higher target price of VND 172,000/share.
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