Some stocks to watch on October 1

Positive recommendation for MWG stock

Vietcap Securities Company (VCSC) increased its target price by 19% but maintained its positive recommendation for Mobile World Investment Corporation (MWG) as the stock price has increased by 16% in the past 3 months.

VCSC raises our target price due to a 27% increase in our valuation for Bach Hoa Xanh and a 13% increase in our valuation for The Gioi Di Dong and Dien May Xanh. For Bach Hoa Xanh, we raise our FY24-32 total net income forecast by 25% due to better-than-expected sales/store and operating efficiency improvements in 1H24. For The Gioi Di Dong and Dien May Xanh, VCSC raises our FY24-28 total net income forecast by 22%, reflecting higher-than-expected gross margins in 1H24 and VCSC’s expectation that operating margins will continue to expand following the closure of underperforming stores in 1H24.

Some stocks to watch on October 1 (Illustration: KT)

VCSC increases 37%/31%/27% forecasts for MWG's 2024/25/26 net profit after minority interests, as VCSC increases its 2024-26 total net profit after minority interests forecast by 67% for Bach Hoa Xanh and increases its 2024-26 total net profit after minority interests forecast by 25% for Mobile World and Dien May Xanh.

Buy recommendation for PVB stock

Mirae Asset Securities Company recommends buying shares of Vietnam Petroleum Coating Joint Stock Company (PVB), target price of VND 42,500/share according to investment thesis: Healthy financial structure. Despite business difficulties in the past 3 years, PVB still maintains a strong balance sheet with no debt. The company's cash and deposits at the end of the second quarter of 2024 were also over VND 240 billion, accounting for 54.5% of total assets.

Prospects for take-off from the Block B - O Mon mega-project: The Block B - O Mon mega-project is the most anticipated and key project of the Oil and Gas industry from now until 2030, with a total investment of nearly 12 billion USD. The project includes the Block B gas field (upstream), the Block B - O Mon gas pipeline (midstream), and 4 gas-fired power plants at the O Mon Power Center with a total expected capacity of 3,800 MW. Of which, the total length of the project's gas pipeline is 431km, including 329km undersea and 102km onshore. GAS has a controlling stake (51%) in the pipeline investment joint venture, so it is highly likely that PVB will be the unit responsible for this pipeline coating work.

Forecast revenue and profit from Block B - O Mon: MAS estimates that Block B project will bring PVB VND 3,142 billion in revenue and VND 471 billion in profit after tax, equivalent to EPS of VND 21,819/share in the implementation period from 2025 - 2027.

Mirae Asset emphasized that the information about the possibility of the Block B – O Mon project having FID in the fourth quarter of 2024 will heat up PVB shares. Currently, this code is in the accumulation phase and if it maintains the mark of VND 29,000/share, PVB may soon continue this uptrend.

► Stock market review 1/10: The market may return to an upward trend

Source: https://vov.vn/thi-truong/chung-khoan/mot-so-co-phieu-can-quan-tam-ngay-110-post1125193.vov