VNI continues strong momentum on high turnover, FPT, MWG
- VNindex held up in the green despite weakness in regional markets.
FPT -1.1%
- 2M revenue +20% & NPAT-MI +22% YoY, led by IT and Education businesses.
- 2M global IT business: Japan (+31% YoY) and APAC (+37% YoY) markets spearheaded growth. New global IT contract value -14% YoY as it accelerated the signing process of new orders in December 2023, while won deals +30% YoY in 2M 2024 (won deals will be converted into signed contracts later).
MWG +1.2%
- 2M revenue VND21.6tn (+14% YoY)
- ICT & CE revenue VND14.9tn (+3% YoY), despite having 210 fewer store than same period last year.
- Grocery revenue VND6tn (+47% YoY). Monthly revenue per store was maintained at VND1.8bn (similar to that in December) despite store closure during Tet holiday.
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