Some stocks to watch on October 30

► Stock market review October 30: The market may continue to recover

Positive recommendation for FPT stock

ACB Securities Company (ACBS) recommends FPT Corporation (FPT) shares positively, with a target price of VND 148,600/share based on the investment thesis: FPT announced net revenue of VND 45,241 billion (+19.3% YoY) and pre-tax profit of VND 8,111 billion (+19.8% YoY) in the first 9 months of 2024.

Information technology (IT) services in foreign markets maintained their growth momentum and continued to be the main growth driver of FPT thanks to high growth in most major markets. Domestic IT services have not seen significant improvements in business results.Education continues to be one of FPT's fastest growing activities, increasing by 20% over the same period. Profit from associated companies recovered and increased 15 times over the same period to VND276 billion (mainly thanks to the improvement of FRT), contributing to the company's profit.

Some stocks to watch on October 30 (Illustration: KT)

ACBS maintains its forecast of FPT's net revenue and pre-tax profit in 2024 at VND63,419 billion (+20.5% YoY) and VND11,037 billion (+19.9% YoY), respectively, and forecasts growth rates of 20.5% and 23.1% YoY for 2025.

Neutral recommendation for DRC stock

According to Bao Viet Securities Company (BVSC), in terms of domestic consumption prospects, Danang Rubber Joint Stock Company (DRC) is still not optimistic due to fierce competition. The export market is strengthened by expanding products, markets as well as customer base, but will only be truly evident from 2025.

In addition, the context of sharp increases in raw material prices, while the company cannot pass on selling prices to customers in time, will put great pressure on profit margins. In the long term, the company's growth potential is guaranteed by the Radial Phase 3 expansion project and the new PCR light-duty tire project.

After updating the outlook and business results forecast, we lower DRC's target price to VND30,800/share (9.6% upside potential), corresponding to a forward P/E of 14.1x-12.9x in 2024-2025, and maintain our NEUTRAL recommendation for DRC.

Source: https://vov.vn/thi-truong/chung-khoan/mot-so-co-phieu-can-quan-tam-ngay-3010-post1131896.vov