Vietcombank Securities Company (VCBS) recommends buying GEX shares of GELEX Group Corporation due to its long-term potential.
VCBS believes that 2023 will be a difficult year for GEX in the context of most business lines declining due to weakening market demand.
However, GEX will grow strongly again in the coming years with a strong position in its business segments and great potential for future expansion.
According to VCBS, the pressure on GEX's liquidity will ease due to the pressure of bond maturity in the second quarter of 2023 and the second half of the year will not be much. Along with that, GEX has almost fully paid off all the value that needs to mature in the year, earning a large amount of money if it successfully divests part of the energy sector.
VCBS added that GEX owns a group of subsidiaries and affiliates with large positions in industries with long-term potential, helping GEX better focus investment resources on upcoming expansion projects. Therefore, VCBS recommends investors to buy GEX shares with a target price of VND24,750/share.
DSC Securities Corporation (DSC) believes that PVT shares of the Oil and Gas Corporation continue to fluctuate and accumulate around VND20,000 - VND22,000/share since the beginning of the year. Therefore, investors can disburse when PVT shares reach the price range of VND20,500, equivalent to a P/E of 7.65.
DSC recommends disbursement at VND20,500/share because in 2023, PVT plans to borrow more than VND2,600 billion to invest in more ships, increasing the risk of interest expenses and exchange rate fluctuations.
According to the first quarter 2023 report, PVT's business performance improved compared to the same period, specifically net revenue and after-tax profit reached VND 2,037 billion and VND 240 billion respectively at the end of the first quarter 2023. Profit performance improved significantly thanks to increased fleet exploitation efficiency and financial performance.
On the other hand, revenue from financial activities reached VND90 billion, 2.4 times higher than the same period thanks to increased interest on deposits. This helped offset the increase in financial expenses, specifically interest expenses increased by 63% to VND70 billion. Net profit margin improved to 11.7% compared to 9.6% in the same period.
Phu Hung Securities Joint Stock Company (PHS) recommends taking profit on MBB shares of Military Commercial Joint Stock Bank; observing to buy FPT shares of FPT Corporation and EVF code of Electricity Joint Stock Finance Company.
Specifically, according to the latest report, PHS recommends taking profit on MBB shares with a target price of VND23,200/share, cutting losses at VND17,400/share. The expected profit when taking profit on MBB is about 28.9%. The reason is that the growth momentum of this code is slowing down.
For the remaining two codes, PHS recommends that investors observe and buy FPT shares at the resistance level of VND93,500/share, cutting losses at VND83,000/share and EVF buy at the resistance level of VND11,800 - VND12,400/share, cutting losses at VND9,050/share.
According to technical analysis, for FPT, the accumulation period near the old peak is quite good with small candles, trading volume gradually decreases, along with the increase in the session with trading volume increasing again, although the candle is not beautiful, so it is predicted that there may be signs of an imminent break to enter a new uptrend.
For EVF, PHS believes that the correction to the support zone of 9,100 - 9,400 VND/share is quite good with low volume but candle fluctuations have not shown clear signs of narrowing, leading to the possibility of being able to maintain support but candle fluctuations need to be smaller to allow for the possibility of returning to the uptrend soon.
(Analysis and recommendations of securities companies are for reference only).
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