KHUYẾN NGHỊ MUA CỔ PHIẾU

Tự động cập nhật khuyến nghị mua mới nhất từ các công ty chứng khoán uy tín. Phù hợp đầu tư cổ phiếu cơ bản dài hạn

KBC

Ngày KN: 13/11/2024

Giá MUA: 26.8

Updating the business results of the third quarter of 2024, the company recorded revenue of VND 950 billion (more than 3 times higher than the same period) and profit after tax of VND 196 billion (the same period recorded only VND 14 billion). We assess that in 2025, the company's business results will grow positively compared to 2024 because the Trang Due 3 project is expected to receive investment approval at the end of 2024 and start selling in 2025. In addition, industrial park real estate is expected to be an industry that benefits from the re-election of US President Donald Trump. Therefore, we recommend that investors monitor and consider disbursing for exploration when the stock has a correction to the recommended price range.

HT1

Ngày KN: 22/10/2024

Giá MUA: 11

HT1's Q3/2024 revenue and net profit reached VND1,638 billion (+4% YoY) and VND22 billion, respectively (Q3/2023 loss VND 10 billion). Business results improved thanks to an increase in cement consumption output of 8.5% YoY and the pressure on interest rates eased thanks to lower interest rates and outstanding loan balance. We assess that sales volume will continue to recover in Q4 thanks to the acceleration of disbursement and implementation of public investment and construction projects, and input coal prices at a lower base level than last year, creating conditions to improve the company's profit margin; investors may consider investing in this stock.

FPT

Ngày KN: 10/10/2024

Giá MUA: 135

With positive business results after the first 8 months of 2024 (both revenue and profit growth of over 20%) along with the number of new orders signed in foreign markets reaching over 20 trillion, we assess that the Company's business results in 2024 and the whole year of 2025 will continue to maintain a growth rate of over 20%. In addition, after the increase in the beginning of the year, the stock has had a period of accumulation, along with continued positive business results and a sustainable financial foundation, we recommend that investors can open a new BUY at the price range of 135,000.

HHV

Ngày KN: 25/09/2024

Giá MUA: 11.5

On September 24, 2024, HHV approved the signing and execution of the contract to start construction of the Dong Dang - Tra Linh expressway project (connecting Cao Bang - Lang Son province), HHV's total estimated revenue from this project is about more than VND 1,700 billion, which can be recorded from Q4 this year. In addition, the company will receive VND 1,180 billion in support from the state budget to support the Deo Ca road tunnel project in the next month, helping to reduce debt burden and interest expenses. We assess that the second half of the year's business results will grow thanks to the above positive signals and the potential for the following years thanks to the large backlog, stable traffic volume through BOT stations and state support funds in the process of disbursement; investors may consider investing in the stock.

TNG

Ngày KN: 23/09/2024

Giá MUA: 25

According to information from the Company, major customers such as H&M, Walmart... have completed inspections at TNG's factory and are expected to increase orders in 2025, offsetting the output of the loss-making customer The Children's Place. We assess that orders from major retailers in the US will increase, as shown by positive figures: H&M's revenue grew 3% YoY in the March-May 2024 period; Walmart increased 6% YoY in the February-April 2024 period; US consumer optimism index increased from 33% (Q1) to 41% (Q2), according to McKinsey. With P/E valuation of ~10x, investors can consider buying the stock.

REE

Ngày KN: 20/09/2024

Giá MUA: 64

The hydrological recovery is expected to contribute significantly to the business results from Q3/2024. In September 2024, major shareholder Platinum Victory Pte continues to publicly offer to buy 4 million shares at 80,000 VND/share. Compared to the latest profit-taking recommendation in July 2024 at the price range of 70,000 VND/share; The stock has been discounted by ~10%. With a positive business outlook again, we think that investors can start to consider disbursement for long-term holding goals.

HSG

Ngày KN: 19/09/2024

Giá MUA: 19.3

Domestic consumption is expected to continue its strong growth in the remaining months of the year, as construction demand in the Northern region rises due to the impact of the storm season. Additionally, the anti-dumping investigation on coated steel imports from China and South Korea, initiated by the Ministry of Industry and Trade (expected to last 6-12 months), will help create a fair competitive environment for domestic businesses. With the real estate market gradually recovering and the upcoming IPO of Hoa Sen Plastic Joint Stock Company, HSG's business outlook in the near future is considered positive. Investors may consider buying for long-term investment.

VCI

Ngày KN: 18/09/2024

Giá MUA: 33

Recently, the company successfully raised a syndicated loan worth USD 119 million (~VND 2,900 billion). In addition, the company also plans to issue 143.6 million shares to professional investors/strategic shareholders. This will serve as a foundation for the company to further expand its business activities. Moreover, the approval of the non-prefunding draft will benefit large securities firms like Vietcap. The stock is currently trading at a forward P/B of 1.8x, which is below its long-term average of 2.1x.

SCS

Ngày KN: 13/09/2024

Giá MUA: 80

In August 2024, total goods output reached 21.3k tons, up 40.3% YoY (accumulated in 8M/2024 reached 172k tons, up 43% YoY) - maintaining an impressive growth rate since cooperating with the company. new airline. The company is considered a "cashcow" enterprise, with a healthy financial situation with cash of ~ 1.2k billion VND (accounting for more than 65% of total assets). Investors can consider disbursement from the current price range for long-term holding purposes

VIC

Ngày KN: 29/08/2024

Giá MUA: 42

In August 2024, Vinpearl, a subsidiary, repurchased USD 284 million of the bond principal amount of USD 425 million, due in 2026, and successfully issued USD 150 million of convertible bonds, due in 2029; the company aims to list within the next 12-18 months. In the first 8 months of 2024, companies in the group have fully paid off many international bonds with the right to convert into shares with a value of about USD 900 million. We believe this movement will help the Group restructure its capital to be more effective and have cash flow to continue investing in expanding real estate and production projects.

VRE

Ngày KN: 16/08/2024

Giá MUA: 17.5

According to Savills' report, in the first 7 months of 2024, total retail sales of goods and consumer services revenue increased by 8.7%. Retail leasing transactions in the first 6 months of 2024 reached an average size of 256 m2, up 26% YoY. We believe that VRE's leasing occupancy rate will remain at 84-85% similar to Q2, however, profits may decrease YoY due to lower rents, increased energy and labor costs; at the same time, shophouse handover revenue was concentrated in the second half of 2023, and will not be as high in this period. P/E fw is at ~10x, quite low compared to the long-term average of the stock, investors can consider disbursing.

TCM

Ngày KN: 08/08/2024

Giá MUA: 44.6

In Q2/2024, TCM's consolidated net revenue and net profit reached VND 846 billion (+18% YoY) and VND 71 billion (37x YoY), respectively. Profit increased sharply due to a loss of VND 16 billion from the disposal of an associate in Q2/2023, gross profit margin increased by 5 percentage points due to improved output and garment sales prices; in addition, exchange rate gain also contributed significantly to this quarter's profit. We expect the second half of the year's business results to continue to grow thanks to maintaining high profit margins, growing orders from both third-parties and parent company E-Land. P/E fw ~ 19x is relatively low compared to the long-term level of the stock, investors can consider disbursing..

CSM

Ngày KN: 31/07/2024

Giá MUA: 12.7

CSM's Q2/2024 revenue and PAT reached 1,265 billion VND (-7.5% YoY) and 21 billion VND (+72% YoY), respectively. Gross profit margin increased sharply and exchange rate differences were high; however, staff salary costs and transportation costs also increased due to policies to promote sales and higher export revenue. We estimate that growth in the following quarters may be slower due to fierce competition in the industry, high transportation costs, however the export market is growing in line with industrial production. P/E fw ~ 15x fairly low compared to the stock's long-term average (20x), investors may consider disbursement.

MBB

Ngày KN: 16/07/2024

Giá MUA: 23

MBB announced business results in 6M/2024 with pre-tax profit reaching 13,168 billion VND (+3.4% YoY). Thus, Q2 pre-tax profit reached 7,373 billion VND (+18% YoY). The above results were achieved thanks to credit growth of ~10% compared to the beginning of the year and a sharp decrease in bad debt ratio from 2.5% in the first quarter to 1.2%. The stock price has been moving sideways and consolidating for 3 months. The P/B forward valuation index is at 1.1x, lower than the 3-year average (1.2x). Investors can consider gradually opening a new buying position with this stock.

CEO

Ngày KN: 11/07/2024

Giá MUA: 17.2

Although the resort real estate market has shown signs of recovery, the pace remains slow, which somewhat affects the Company's business outlook in the near future. Nevertheless, for 2024, the Company has set relatively ambitious business targets with a post-tax profit of VND 150 billion (+26% YoY). Additionally, we believe that the unfavorable information in the real estate market has been partially reflected in the stock price, as the stock is currently trading at a forward P/B valuation of approximately 1.1x (while the long-term average P/B is around 1.9x). Investors should consider phased investments at this price level.

CHP

Ngày KN: 10/07/2024

Giá MUA: 34

It is expected that business results will recover from Q2/2024 thanks to (1) interest rates remaining at a low YoY level helping the Company reduce financial cost pressure and (2) hydrology is forecast to soon recover from 2H/2024. The company has a healthy financial situation, D/E is only 0.4 times and D/EBITDA ~ 2.4 times, investors can consider partially disbursing from the current price range for long-term holding purposes.

SHS

Ngày KN: 03/07/2024

Giá MUA: 17.5

Q2 business results are forecasted to grow positively thanks to the effectiveness of investments in the self-trading portfolio, focusing heavily on the retail industry (FRT, MWG, ...). Stock prices have also decreased nearly 20% from the peak in April 2024. Stock valuation is currently at P/B 1.3x, lower than the industry average (1.6x). Investors can consider gradually accumulating stocks.

VCB

Ngày KN: 01/07/2024

Giá MUA: 86

The bank has recently announced a resolution to hold an extraordinary general meeting of shareholders in August 2024 regarding the plan for a private placement to increase charter capital. This supports our investment thesis for VCB as mentioned in previous recommendations. Additionally, the stock price has recently undergone a correction of approximately 13% over the past four months, presenting an opportunity for investors to increase their holdings at the current price level.

PPC

Ngày KN: 27/06/2024

Giá MUA: 16.5

In June 2024, world coal prices tend to adjust down ~ 10% compared to the short-term peak of 2024 in the past May, thereby, the gross profit margin expectation of some thermal power plants may be positive from Q3/2024. It is expected that 2024 will be the year marking the recovery of revenue and profit after nearly 4 years of decline thanks to increased demand for thermal power, especially in the North in the context of a sharp decline in hydropower. We think that investors can consider partially disbursing for long-term holding goals from the current price range.

QTP

Ngày KN: 27/06/2024

Giá MUA: 16.5

In June 2024, world coal prices tend to adjust down ~ 10% compared to the short-term peak of 2024 in the past May, thereby, the gross profit margin expectation of some thermal power plants may be positive from Q3/2024. It is expected that business results in Q2/2024 will continue to grow positively when electricity demand increases during the hot season and hydrology has not really recovered. We think that investors can consider partially disbursing for long-term holding goals from the current price range.

KBC

Ngày KN: 6/11/2024

Giá ngày KN: 28.5

Giá mục tiêu: 32.714

Giá hiện tại: 27.6

% Ước tính Lãi/Lỗ: -3.2

REE

Ngày KN: 6/11/2024

Giá ngày KN: 63.9

Giá mục tiêu: 76

Giá hiện tại: 63.7

% Ước tính Lãi/Lỗ: -0.3

PHR

Ngày KN: 31/10/2024

Giá ngày KN: 57

Giá mục tiêu: 67.957

Giá hiện tại: 55.3

% Ước tính Lãi/Lỗ: -3

AGG

Ngày KN: 28/10/2024

Giá ngày KN: 15.55

Giá mục tiêu: 20.024

Giá hiện tại: 14.95

% Ước tính Lãi/Lỗ: -3.9

GDA

Ngày KN: 28/10/2024

Giá ngày KN: 28.4

Giá mục tiêu: 33

Giá hiện tại: 27.187

% Ước tính Lãi/Lỗ: -4.3

HSG

Ngày KN: 25/10/2024

Giá ngày KN: 20.3

Giá mục tiêu: 23.5

Giá hiện tại: 18.55

% Ước tính Lãi/Lỗ: -8.6

DBC

Ngày KN: 16/10/2024

Giá ngày KN: 30.05

Giá mục tiêu: 36.749

Giá hiện tại: 26.35

% Ước tính Lãi/Lỗ: -12.3

PVS

Ngày KN: 27/09/2024

Giá ngày KN: 40.7

Giá mục tiêu: 47.93

Giá hiện tại: 33.9

% Ước tính Lãi/Lỗ: -16.7

VSC

Ngày KN: 26/09/2024

Giá ngày KN: 17.6

Giá mục tiêu: 20.836

Giá hiện tại: 17.2

% Ước tính Lãi/Lỗ: -2.3

OCB

Ngày KN: 20/09/2024

Giá ngày KN: 11.65

Giá mục tiêu: 13.508

Giá hiện tại: 10.5

% Ước tính Lãi/Lỗ: -9.9

MSB

Ngày KN: 20/09/2024

Giá ngày KN: 11.55

Giá mục tiêu: 13.949

Giá hiện tại: 11.3

% Ước tính Lãi/Lỗ: -2.2

DCM

Ngày KN: 06/09/2024

Giá ngày KN: 37.35

Giá mục tiêu: 42.989

Giá hiện tại: 36.75

% Ước tính Lãi/Lỗ: -1.6

DGW

Ngày KN: 27/08/2024

Giá ngày KN: 46.38

Giá mục tiêu: 70.559

Giá hiện tại: 40.5

% Ước tính Lãi/Lỗ: -12.7

VNM

Ngày KN: 07/08/2024

Giá ngày KN: 73.8

Giá mục tiêu: 83.831

Giá hiện tại: 63.2

% Ước tính Lãi/Lỗ: -14.4

VHC

Ngày KN: 26/07/2024

Giá ngày KN: 71.5

Giá mục tiêu: 86.949

Giá hiện tại: 73.6

% Ước tính Lãi/Lỗ: 2.9

MSN

Ngày KN: 28/06/2024

Giá ngày KN: 74.7

Giá mục tiêu: 91.8

Giá hiện tại: 70.3

% Ước tính Lãi/Lỗ: -5.9

MWG

Ngày KN: 28/06/2024

Giá ngày KN: 62.4

Giá mục tiêu: 80.2

Giá hiện tại: 58.9

% Ước tính Lãi/Lỗ: -5.6

TNG

Ngày KN: 28/06/2024

Giá ngày KN: 23.73

Giá mục tiêu: 31.2

Giá hiện tại: 24.8

% Ước tính Lãi/Lỗ: 4.5

TCM

Ngày KN: 28/06/2024

Giá ngày KN: 49.25

Giá mục tiêu: 60.4

Giá hiện tại: 46.5

% Ước tính Lãi/Lỗ: -5.6

HHV

Ngày KN: 28/06/2024

Giá ngày KN: 11.62

Giá mục tiêu: 16.72

Giá hiện tại: 10.75

% Ước tính Lãi/Lỗ: -7.5

VCG

Ngày KN: 28/06/2024

Giá ngày KN: 18.25

Giá mục tiêu: 23.56

Giá hiện tại: 17.3

% Ước tính Lãi/Lỗ: -5.2

HLD

Ngày KN: 28/06/2024

Giá ngày KN: 24.9

Giá mục tiêu: 35.483

Giá hiện tại: 26.9

% Ước tính Lãi/Lỗ: 8

TAL

Ngày KN: 28/06/2024

Giá ngày KN: 17.02

Giá mục tiêu: 24.803

Giá hiện tại: 17.165

% Ước tính Lãi/Lỗ: 0.9

PVD

Ngày KN: 28/06/2024

Giá ngày KN: 28.8

Giá mục tiêu: 35.106

Giá hiện tại: 23.4

% Ước tính Lãi/Lỗ: -18.8

VIB

Ngày KN: 28/06/2024

Giá ngày KN: 17.95

Giá mục tiêu: 25.286

Giá hiện tại: 18.2

% Ước tính Lãi/Lỗ: 1.4