► Stock market commentary March 12: VN-Index may continue to fluctuate around 1,330 points
Positive recommendation for GMD stock
Bao Viet Securities Company (BVSC) uses the SOTP method and recommends OUTPERFORM for Gemadept Corporation (GMD) shares with a target price of VND 75,500/share (adjusted for ESOP issuance).
Although the stock price has decreased by 7.1% compared to the end of last year due to GMD's business results no longer being low and import/export activities having many variables, BVSC believes that GMD with its own competitive advantages and leading position is still a potential choice for investors.
Specifically, GMD is currently trading at a P/B of 2.1x, a discount compared to other deep-water port operators such as PHP (2.7x) and SGP (2.8x). For Gemalink, our estimated implied target P/E for 2025F is 21.6x, which is comparable to other deep-water port operators in the Southeast Asian region.
Buy recommendation for DPM stock
TPBank Securities Company (TPS) recommends buying shares of PetroVietnam Fertilizer and Chemicals Corporation - JSC (DPM), target price 42,000 VND/share.
According to TPS, based on the chart of DPM stock, there is a Rectangle Pattern. This is a horizontal pattern with two parallel support and resistance lines, showing accumulation within a certain range. The current price has completely broken out of the accumulation pattern, suggesting a potential uptrend. The theoretical target price of the stock is VND 42,000/share.
The average trading value of stocks in the last 20 sessions reached VND151.4 billion, 3 times higher than the previous 20 sessions (VND50.88 billion), showing strong cash flow into stocks.
The RSI index is in the range of 60-70, the MACD index is 0.48, showing that the stock price maintains its upward momentum. MA Cross (10,20) indicator: The MA10 line is above the MA20, indicating that the short-term trend is bullish. MA Cross (20,50) indicator: The MA20 line is above the MA50, indicating that the medium-term trend is bullish. MA Cross (50,200) indicator: The MA50 line is above the MA200, indicating that the long-term trend is bullish.
Trading strategy: Investors can take advantage of the correction to disburse to explore the price range of 36,600-37,200 VND/share. In a positive case, the price will move towards the resistance zone of 40,000 VND/share (+/-), if it surpasses this resistance, the price can reach the target of around 42,000 VND/share. Conversely, if the price moves lower than 35,800 VND/share, investors can consider closing the position.
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