• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Prices and Markets

VinaCapital Vietnam Opportunities invests in mobile phone distributor

VinaCapital Vietnam Opportunities invests in mobile phone distributor – VinaCapital Vietnam Opportunities becomes a major shareholder in FPT Retail, the second largest mobile phone distributor in Vietnam. As part of its divestment strategy, FPT Group (HSX: FPT) is spinning-off its retail distribution unit, and is selling 35% of the shares in FPTR to a few institutional investors […]

Edward Marten by Edward Marten
2017-08-11 08:21
in Prices and Markets
FacebookTwitterLinkedinEmailWhatsapp

VinaCapital Vietnam Opportunities invests in mobile phone distributor – VinaCapital Vietnam Opportunities becomes a major shareholder in FPT Retail, the second largest mobile phone distributor in Vietnam.

As part of its divestment strategy, FPT Group (HSX: FPT) is spinning-off its retail distribution unit, and is selling 35% of the shares in FPTR to a few institutional investors of which VOF is one of the largest. VOF has invested USD11 million in this offering. As part of the conditions of the sale, FPT Group has committed to listing FPTR on the stock market in the near future, which will increase liquidity and the investor base.

Andy Ho, Chief Investment Officer of VinaCapital and Managing Director of VOF, said “The consumer sector is one our favourites, and Vietnamese people have shown a huge appetite for mobile phones and accessories, which is their primary tool to communicate and access the internet. This transaction enables us to make a meaningful investment in a premier, unlisted company at a substantial discount compared to the market and peers. We hope that other international institutional investors will see the growth potential of this business and invest with us.”

About FPT Retail

FPTR is the second-largest mobile phone offline retailer in Vietnam, with 14% market share nationwide from 443 stores covering all 63 provinces in the country. The company grew revenue and profit over 50% and 150% per annum, respectively, in the last three years as a result of nearly tripling its number of stores during that period. FPTR’s compounded annual growth rate of revenue and profit before tax is expected to be over 25% and 35% per annum, respectively, during the 2016 – 2019 period, more than double market growth of 8-10%, and driven by same-store sales growth as well as from 150 newly opened stores in the provinces where the smart phone penetration rate is still low. FPTR is well-positioned to capitalise on this growth given its expansive retail footprint.

VOF : VinaCapital Vietnam Opportunities invests in mobile phone distributor

RelatedPosts

A Beginner Friendly Guide to Proprietary Crypto Trading Firms

Is Spread Betting Gambling or Investing? Ethics, Risks and Rewards

The Wealth Formula: How Much is One Minute of a Market Emperor Worth?

How the UK’s Financial Market is Adapting to New Digital Trends

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Snakes lose their stripes the nearer they live to man – because of pollution ← Skiddle release refund statement after doomed Hope & Glory Festival
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->