FPTS (FTS) Completes Bonus Share Issue, Charter Capital Exceeds VND 3.8 Trillion

Overview

FPTS (FTS), the securities arm of FPT Corporation, has completed a bonus share issuance of 34.6 million shares, increasing its charter capital to over VND 3,811.5 billion. The move, funded from retained earnings, was accompanied by a 5% cash dividend. The company also reported solid Q1/2026 results with revenue up 21% and pre-tax profit up 7%.

Key Facts

• FPTS issued 34.6 million bonus shares at a 10:1 ratio, increasing charter capital from VND 3,465 billion to VND 3,811.5 billion.
• The issuance was sourced from audited retained earnings as of December 31, 2025, with a total par value of VND 346.5 billion.
• A cash dividend of 5% (VND 500 per share) was declared, with an estimated payout of VND 173.2 billion.
• Record date for the cash dividend was May 22, 2026; payment is expected on June 11, 2026.
• Q1/2026 revenue reached VND 378.4 billion, up 21% YoY; pre-tax profit was VND 184 billion, up 7%.
• Total assets as of March 31, 2026, stood at VND 13,060 billion, down 6.2% from the start of the year.
• Short-term borrowings and finance leases decreased to VND 8,309 billion from VND 8,758 billion.

What Happened

FPTS announced the completion of its bonus share issuance on May 22, 2026, distributing 34.6 million shares to 18,444 shareholders. The 10:1 bonus issue was approved by shareholders and funded from the company’s retained earnings. Any fractional shares (2,060 shares) were canceled. The new shares are not subject to transfer restrictions and are expected to be delivered in Q2-Q3/2026.

Simultaneously, FPTS set a record date for a 5% cash dividend, paying VND 500 per share. With approximately 346.5 million shares outstanding, the total cash payout is estimated at VND 173.2 billion. The company also released its Q1/2026 financial results, showing revenue growth of 21% to VND 378.4 billion, driven by a 34% increase in gains from FVTPL assets and a 19% rise in lending income. Pre-tax profit grew 7% to VND 184 billion, despite a 45% increase in operating expenses.

Market Context

FTS shares closed at VND 24,150 on June 1, 2026, up 0.62% with moderate volume of 524,900 shares. The stock trades on HOSE. The capital increase and dividend payout come amid a competitive securities brokerage environment in Vietnam, where firms are expanding capital bases to support margin lending and proprietary trading. FPTS’s Q1 results show steady growth, though the 45% expense rise warrants monitoring.

Strategic Significance

The bonus issue strengthens FPTS’s equity base, supporting its margin lending capacity and potential expansion of proprietary trading activities. The cash dividend signals confidence in earnings and shareholder returns. With total assets of VND 13 trillion and a growing loan book (VND 6.2 trillion), FPTS is positioning itself to capture market share in retail and institutional brokerage. The capital increase also enhances the company’s ability to meet regulatory capital adequacy requirements.

What to Watch

• Q2/2026 earnings release to assess margin lending growth and expense control.
• Impact of the bonus share issuance on stock liquidity and price post-adjustment.
• Any further capital-raising plans, including potential bond issuances or rights offerings.
• Regulatory changes affecting securities margin lending limits.
• Competitive dynamics among top Vietnamese securities firms (SSI, HCM, VND).