- FRT released its Q1 2023 results, including revenue of VND7.8tn (USD330mn; flat YoY) and an NPAT-MI loss of VND5bn (USD0.2mn). While FRT’s Q1 2023 revenue completed 21% of our full-year forecast, the NPAT-MI loss was below our expectations and poses downside risk to our earnings forecasts, pending a fuller review.

- Electronic chain FPT Shop posted a net loss of VND66bn (USD2.8mn). Meanwhile, pharmacy chain Long Chau’s (LC) net income was VND61bn (USD2.6mn) while experiencing a marked improvement in net margin.

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