SCIC Member SIC Registers to Buy 750,000 FPT Shares, Boosting Stake to 0.059%

Overview

SIC, a wholly-owned subsidiary of State Capital Investment Corporation (SCIC), has registered to buy 750,000 shares of FPT Corporation (HOSE: FPT) between April 16 and May 15, 2026. The transaction would increase SIC’s stake from 0.015% to 0.059%, reflecting a modest but notable interest from a state-linked entity. The move precedes FPT’s annual general meeting scheduled for April 16, 2026, where the company will present its 2026 business plan and a 10:1 stock dividend proposal.

Key Facts

• SIC registered to purchase 750,000 FPT shares via order matching and/or negotiated deals from April 16 to May 15, 2026.
• SIC currently holds 250,000 FPT shares (0.015%); post-transaction, it would hold 1 million shares (0.059%).
• SCIC, the parent, held over 96.5 million FPT shares (5.67% of charter capital) as of end-2025.
• FPT targets 2026 revenue of VND 58,580 billion (+15.8% YoY) and net profit of VND 11,629 billion (+15% YoY).
• The technology segment is expected to contribute VND 52,650 billion in revenue and VND 7,350 billion in net profit.
• FPT proposes a 10:1 stock dividend (10 shares receive 1 new share) from retained earnings, expected no later than Q3 2026.
• FPT also plans a cash dividend of up to 20% (VND 2,000 per share) for 2026.

What Happened

SIC, a member of SCIC, notified the State Securities Commission, HoSE, and FPT of its intention to acquire 750,000 FPT shares. The transaction period runs from April 16 to May 15, 2026, using both order matching and negotiated methods. SIC stated the purpose is financial investment. If successful, SIC’s stake will rise from 250,000 shares (0.015%) to 1 million shares (0.059%).

Separately, FPT will hold its 2026 annual general meeting on April 16, 2026. The agenda includes approval of the 2026 business plan, a 10:1 stock dividend from retained earnings, a cash dividend of up to 20%, and an ESOP program for key employees (up to 0.5% of outstanding shares) over 2026-2028.

Market Context

FPT shares closed at VND 75,000 on April 15, 2026, down 1.31% with volume of 9.5 million shares. The stock has been a strong performer in the technology sector on HOSE, supported by consistent earnings growth. The modest stake increase by a SCIC affiliate signals continued state interest in FPT, though the transaction size is small relative to FPT’s market capitalization.

Strategic Significance

The stake increase by SIC, while small, reinforces the state’s ongoing presence in FPT through SCIC, which holds 5.67%. The move may be interpreted as a vote of confidence in FPT’s growth prospects, particularly its technology segment which drives the majority of revenue and profit. FPT’s 2026 targets imply sustained double-digit growth, supported by a stock dividend that rewards existing shareholders without diluting cash reserves. The ESOP program further aligns employee incentives with long-term shareholder value.

What to Watch

• Completion of SIC’s share purchase by May 15, 2026, and any subsequent filings.
• FPT’s AGM on April 16, 2026, for approval of the 2026 business plan and dividend proposals.
• FPT’s Q1 2026 earnings release to gauge early progress toward annual targets.
• Any further stake changes by SCIC or its affiliates in FPT.
• Execution of the 10:1 stock dividend and cash dividend timeline.