SCIC Subsidiary SIC Buys Only 500,000 of Planned 750,000 FPT Shares

Overview

SCIC’s wholly-owned subsidiary, Công ty TNHH MTV Đầu tư SCIC (SIC), has completed the purchase of 500,000 FPT shares out of a registered 750,000, citing market volatility as the reason for not fulfilling the full order. The transaction increased SIC’s stake from 0.015% to 0.044% of FPT’s charter capital. Separately, FPT has announced a 10% cash dividend for the remaining 2025 payout, with a record date of May 29, 2026.

Key Facts

• SIC bought 500,000 FPT shares out of a planned 750,000 during the period April 16 to May 15, 2026.
• The purchase was not completed due to market volatility, according to SIC’s filing.
• Post-transaction, SIC holds 750,000 FPT shares, equivalent to 0.044% of charter capital (up from 0.015%).
• As of end-2025, SCIC (the parent) owned over 96.5 million FPT shares, representing 5.67% of FPT’s equity.
• FPT will close the shareholder list on May 29, 2026, for a 10% cash dividend (VND 1,000 per share), payable on June 10, 2026.
• The total cash outlay for this dividend is approximately VND 1,700 billion, based on over 1.7 billion outstanding shares.
• In Q1 2026, FPT reported net revenue of VND 12,480 billion (-22.3% YoY) and net profit of VND 2,476.8 billion (-4.6% YoY).

What Happened

SIC, a wholly-owned subsidiary of State Capital Investment Corporation (SCIC), reported that it acquired 500,000 shares of FPT (HoSE: FPT) during the trading window from April 16 to May 15, 2026. The original registration was for 750,000 shares, but SIC cited market volatility as the reason for not completing the full purchase. The transaction raised SIC’s stake from 250,000 shares (0.015%) to 750,000 shares (0.044%).

In a separate development, FPT announced a record date of May 29, 2026, for the remaining 2025 cash dividend of 10% (VND 1,000 per share), with payment on June 10, 2026. This follows an earlier interim dividend of 10% paid in December 2025, bringing the total 2025 cash dividend to 20% as approved by the annual general meeting.

Market Context

FPT shares closed at VND 76,500 on May 21, 2026, down 1.54% on volume of 11.8 million shares. The partial purchase by a SCIC affiliate may signal cautious state-linked demand amid recent market volatility. FPT’s Q1 2026 results showed a 22.3% revenue decline and 4.6% net profit drop, reflecting headwinds in its technology and services segments. The stock trades on HoSE with a market cap of over VND 130 trillion.

Strategic Significance

The partial buy by SIC, though small in absolute terms, indicates that even state-linked investors are exercising caution in the current market environment. SCIC’s aggregate stake (including SIC) remains modest at about 5.7%, but the group’s actions are often watched as a proxy for state sentiment toward the stock. The large cash dividend payout (total VND 3,400 billion for 2025) underscores FPT’s strong cash generation, though the Q1 revenue decline raises questions about near-term growth momentum.

What to Watch

• FPT’s Q2 2026 earnings release for signs of revenue recovery.
• Any further SCIC or SIC share purchases or sales in FPT.
• Market reaction to the dividend payment date on June 10, 2026.
• Updates on FPT’s overseas expansion and technology services contracts.
• Broader market volatility and its impact on state-linked investment activity.