FRT trade ideas
FPT retails (FRT)FPT Retail was established in 2012 in Viet Nam, is now an associate of FPT Corporation. FPT Retail operates 2 retail chains FPT Shop, F-Studio by FPT and a subsidiary company is FPT Long Chau Pharma Joint Stock Company. (frt.vn)
FPT shop: 807 stores
FPT Pharmacy (Long Chau): 1.056 stores
Data on chart.
Trading Diary Friday 11.08.2023
Analysis of Financial Statements of FPT Retail Company Q2 2021Analysis of Financial Statements of FPT Retail Company (FRT) Q2 2021, FPT Retail (FRT) is known for its retail chain FPT Shop and drugstore chain Long Chau. Let's make a detailed assessment of this business through its financial statements for the second quarter of 2021.
Evaluation of business results – Analysis of financial statements of FPT Retail Company (FRT) Q2 2021:
Analysis of Financial Statements of FPT Retail Company Q2 2021 Profit after tax reached VND 30 billion, an increase of VND 48 billion over the same period (Q2 2021 Profit after tax was negative 18 billion). The reason for the growth Profit after tax mainly comes from the growth of gross profit (increase in revenue) and the growth of financial revenue, reducing financial expenses.
Net revenue in Q2 2021 reached VND 4,359 billion, up VND 1,155 billion (+36% over the same period). Financial income in the second quarter of 2021 increased by 33 billion (+210% over the same period), financial expenses decreased by 7 billion (-18% over the same period).
The increase in financial revenue was due to FPT Retail's increase in holding-to-maturity investments and short-term loans, which are detailed below.
Financial Review – Analysis of Financial Statements of FPT Retail Company (FRT) Q2 2021
Analysis of Financial Statements of FPT Retail Company (FRT) Q2 2021 BCDKT
Analysis of Financial Statements of FPT Retail (FRT) Q2 2021 Total capital reached VND 7,715 billion, an increase of VND 2,989 billion (+63% over the same period). The capital growth was mainly due to the increase in loans and short-term finance leases. These are domestic and foreign bank loans of FPT Retai (FRT).
Loans have relatively low interest rates ranging from 1.9%/year to 4.1%/year, with low-cost capital mobilization, FRT will have many opportunities to make loans and investments to create more profit from financial activities.
Analysis of Financial Statements of FPT Retail Q2 2021 The additional capital is mainly used to increase the investment held to maturity of VND 1,470 billion (+364% over the same period) and increase the receivables short-term loans of VND 1,550 billion (+1059% over the same period). Both these loans have lending interest rates ranging from 5%/year to 7.5%/year.
With the advantage of cheap loans and higher on-lending, FPT Retail has a great advantage in generating profits from financial activities, contributing a significant part to the company's profit after tax. company.
Analysis of Financial Statements of FPT Retail Company Q2 2021 Equity accounts for 27% of total capital, which is a rather risky ratio when using financial leverage. However, a large part of assets is in short-term financial assets that are easily recoverable, accounting for more than 4 trillion, so there is no need to worry about the overuse of loans of FPT Retail. These loans all contribute to the financial revenue for FRT.
FRT - pulllback below b.o and weakest in group1. Price & Vol:
- B.o w big vol small triangle pattern.
- Price still in Stage 1.
2. RS:
- Distribution group is strong today due to sales increasing in quarantine period in HCM.
3. MA:
- Price over KMAs.
4. FA:
- Earnings & sales strong growth this quarter might be the catalyst for the whole group.
5. Trade plan:
- T5 close if price could not hold through 29.4
- Take 1/2 profit if gain 20% and move tight stop around 21MA.
Close: FRT show weakest in compare to DGW and MWG and T3 pullback to b.o point
