Company Insight

FPT Digital Retail JSC (FPT Retail, HSX: FRT) is one of the leading ICT product retailers in Vietnam. Additionally, the pharmaceutical retail segment of FRT named FPT Long Chau quickly becomes a familiar brand, leading the market with nearly 2,000 pharmacies across the country. Long Chau is the first modern retail pharmacy chain to achieve positive bottom line in Vietnam.

FRT recorded wonderful financial performance in FY2024, and anticipated to keep up the mommentum in FY2025. The engine is fueled by the development and expansion strategy towards Long Chau healthcare ecosystem. This will be the key driver of FRT's sustainable growth in the long run. 

Based on SoTP and P/S methods, we update the current target price at VND 203,600 – equivalent to  HOLD recommendation with FRT ticker.