Notable stocks on July 14

Rong Viet Securities Joint Stock Company recommends investors accumulate MWG shares of Mobile World Joint Stock Company, target price 51,200 VND/share.

According to a report on July 13, Rong Viet Securities Company said that MWG's revenue in the first 5 months of 2023 reached VND 47,144 billion.

The recovery in ICT earnings is expected to follow a U-shaped pattern, with Bach Hoa Xanh's break-even point predicted to be in late 2023 or early 2024, which will be an important catalyst to consider the possibility of price increases.

Rong Viet Securities Company forecasts MWG's net revenue and after-tax profit to reach VND114,000/132,000 billion and VND1,500/4,400 billion in 2023 - 2024, respectively, and earnings per share (EPS) in 2023 - 2024 to reach VND1,018/2,973.

Based on the company valuation method (SOTP), Rong Viet Securities Company gives the target price of MWG stock at VND51,200, up 5%. compared to the closing price on July 13; on that basis, we recommend accumulating this stock. Currently, MWG's price is at 49,350 VND/share.

Notable stocks on July 14

Mirae Asset Vietnam Securities Joint Stock Company recommends investors increase the proportion of HAG shares of Hoang Anh Gia Lai Joint Stock Company with a target price of VND 10,000/share.

According to Mirae Asset Securities Company, HAG is aiming to become the leading enterprise in Vietnam in the agricultural sector. In 2022, revenue from bananas accounts for 42% of HAG's net revenue, contributing more than 600 billion VND in gross profit.

In March 2022, HAG launched the Bapi Food brand of banana-fed pork, which quickly became a pillar in the company's business operations, contributing 33% of net revenue and VND 450 billion in gross profit.

As of May 2023, HAG achieved cumulative revenue of VND 3,105 billion and after-tax profit of VND 421.7 billion. In 2023, the company plans to achieve revenue and after-tax profit of VND 5,120 billion and VND 1,130 billion, respectively.

Mirae Asset Securities Company expects HAG to achieve positive business results from June onwards when the price of live pigs exceeds VND60,000/kg. Accordingly, HAG is expected to record a profit after tax of VND1,330 billion.

Mirae Asset recommends a target price of HAG at VND10,000/share, expecting a profit margin per share of VND1,434.

Maybank Securities Company Limited (MSVN) recommends investors to open a buy position in BCG of Bamboo Capital Joint Stock Company with a target price of VND 10,900/ share.

In the first quarter of 2023, BCG recorded revenue and after-tax profit of VND 701.3 billion and VND 8.8 billion, respectively.

In 2023, BCG plans to target revenue of VND6,924.5 billion and after-tax profit of VND650.3 billion. Bond pressure has been transferred to 2024.

Growth momentum from renewable energy sector with the approval of Power Plan 8, BCG's transitional projects began to enter commercial operation. Along with that, the real estate and renewable energy sectors are increasingly increasing their revenue proportion thanks to the handover of real estate projects and putting solar power projects into operation.

Technically, Maybank analyzed that BCG stock has just completed a correction phase when the price line crossed above MA20 and closed above the resistance level with strong liquidity increase, creating reliability for the breakout point.

The MACD indicator continues to rise, below the signal line but still above 0, the momentum indicators are all operating at average levels.

Based on that, Maybank recommends that investors can open a buy position for BCG shares with the nearest target price of VND10,900, stop loss at VND9,100. At the end of the session on July 13, BCG was at VND9,860/share.

(Analysis and recommendations of securities companies are for reference only).

Source: https://nld.com.vn/kinh-te/nhung-co-phieu-dang-chu-y-ngay-14-7-20230713214245114.htm