SSI Securities Corporation (SSI) recommends neutral on DBD stock of Binh Dinh Pharmaceutical - Medical Equipment Joint Stock Company (BIDIPHAR) with a target price of VND 58,000/share.
In the third quarter of 2023, BIDIPHAR recorded net revenue and net profit of VND 411 billion and VND 67 billion, up 4% and 24% over the same period in 2022. However, prescription drugs at hospitals and BIDIPHAR's pharmacy channel grew more slowly compared to the same period and the previous quarter. In the first 9 months of 2023, the company's after-tax profit reached VND 210 billion, up 28% over the same period.
According to SSI, BIDIPHAR may face risks in the medium term due to the temporary suspension of receiving drug registration applications. This will have a small impact on business results in 2023-2024. In 2023, SSI still maintains its forecast of revenue and net profit of VND 1,700 billion and VND 291 billion, respectively, up 9% and 19% over the previous year.
DBD shares have fluctuated over the past 3 months, currently priced at VND58,900/share. Source: Fireant
However, in 2024, SSI adjusted its revenue and net profit forecasts down by 1.5% compared to the previous forecast, to VND1,800 billion and VND315 billion, up 9% and 9% year-on-year.
Therefore, SSI recommends neutral on DBD stock and adjusts the target price down to VND58,000/share (from VND59,000/share).
Maybank Securities Company Limited (MSVN) recommends buying PVD shares of PetroVietnam Drilling and Well Services Corporation with a target price of VND31,400/share.
According to MSVN, PVD brings positive signs for a strong recovery this year with revenue in the third quarter of 2023 reaching VND 1,381 billion, up 11% over the same period and profit after tax of VND 151 billion compared to a loss of VND 34 billion in the third quarter of 2022. In the first 9 months of 2023, profit after tax of PVD's parent company shareholders reached VND 378 billion, reaching 75% of MSVN's annual target of VND 506 billion (compared to a loss of VND 96 billion last year).
PVD shares have fluctuated over the past 3 months, currently priced at VND28,000/share. Source: Fireant
Notable stocks on November 30
MSVN believes that PVD has great potential for earnings growth in 2024-2025 thanks to improved jack-up rig rental rates and increased workloads due to the acceleration of major oil and gas projects. In addition, opportunities for short-term holding positions are still clear thanks to oil and gas projects such as Block B that are about to have very positive changes, and 2023 is the beginning of a very strong profit growth cycle for PVD.
In the session of November 30, PVD stock price decreased but still maintained the breakout point and accompanied by moderate liquidity; suitable liquidity pattern. MACD indicator is currently above both 0 and signal line. Most momentum indicators are operating at strong levels.
On that basis, MSVN recommends buying PVD shares with a target price of VND 31,400/share, stop loss at VND 26,000/share.
KB Securities Vietnam JSC (KBSV) recommends buying MWG shares of Mobile World Investment JSC with a target price of VND45,700/share.
At the end of the third quarter of 2023, Mobile World achieved net revenue of VND 30,288 billion, down 5.4% over the same period in 2022, an improvement compared to the decrease in previous quarters. Profit after tax reached only VND 39 billion, down 94% over the same period.
According to KBSV, in 2023, Mobile World could record net revenue of VND 119,606 billion and after-tax profit of VND 231 billion, down 10.3% and 94.4% compared to last year.
MWG shares have fluctuated over the past 3 months, currently priced at VND38,500/share. Source: Fireant
KBSV said that Mobile World will continue the price war in the ICT&CE segment, trading profits to gain more market share. Thereby, Bach Hoa Xanh is also recording many positive signals with total chain revenue and store revenue continuously improving every month, expected to be a growth driver in the future.
With the above factors, KBSV recommends buying MWG shares with a target price of VND 45,700/share.
(Analysis and recommendations of securities companies are for reference only).
According to NLDO
Source: https://nld.com.vn/kinh-te/nhung-co-phieu-dang-chu-y-ngay-1-12-20231130211252031.htm
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