In the chemical production sector, Maybank Securities Company Limited (MSVN) recommends that investors can open a buying position in DGC of Duc Giang Chemical Group Corporation at around VND 64,900/share.
Notable stocks on June 27. Photo: Hoang Trieu
According to a report on June 26, Maybank Securities said that in the first quarter of 2023, DGC recorded more than VND 2,483 billion, with after-tax profit reaching nearly VND 823 billion. In addition, DGC's board of directors set a target of revenue according to the 2023 plan of VND 11,075 billion and after-tax profit of VND 3,000 billion.
The price of Yellow Phosphorus (P4) is showing signs of increasing again, the upward trend of P4 price will be a catalyst for the increase in DGC stock price. According to the plan for the second quarter of 2023, DGC estimates that 7,500 tons of P4 will be consumed.
Technically, DGC stock trading volume increased sharply in the 5th session last week when the price created a long bullish candle and broke through resistance, liquidity then decreased to a low level in the two recent price correction sessions.
The MACD indicator bounced and continued to maintain a position above both the 0 level and the signal line, the momentum indicators are mostly operating at strong levels.
Based on the above, MSVN recommends that investors can open a buy position in DGC around the current price of VND 64,900/share, hold for less than 2 months and stop loss at VND 60,400/share.
In the real estate sector, Agribank Securities Joint Stock Company (Agriseco) recommends positively for KDH shares of Khang Dien House Investment and Trading Joint Stock Company with a target price of VND 36,000/share.
In the latest report, Agriseco reported that KDH's revenue in the first quarter of 2023 reached VND 425 billion thanks to the sale of villas at the Classia project, and after-tax profit recorded more than VND 300 billion from the revaluation of investment in Phuoc Nguyen Company.
KDH's debt by the end of the first quarter had decreased by more than VND200 billion compared to the beginning of the year, with a debt/equity ratio of 0.5x. Bond debt was only about VND1,100 billion, mainly maturing in 2025.
In addition, KDH and Keppel have agreed to cooperate in building two projects, Emeria and Clarita, in Thu Duc City with a total development cost of more than VND10,000 billion. Agriseco assesses that these will be potential projects that will bring revenue and profit to KDH when they are put into sale.
KDH is also focusing on expanding land funds in Ho Chi Minh City to ensure business activities in the coming years with many potential projects such as Clarita, Emeria, The Solina, Tan Tao Residential Area, etc.
Based on that, Agriseco recommends KDH stock with a target price of VND 36,000/share, an increase of about 14% compared to the current price.
In the banking sector, BETA Securities Joint Stock Company (BETA) recommends considering buying and accumulating CTG shares of Vietnam Joint Stock Commercial Bank for Industry and Trade in the price range of VND 28,500 - VND 29,450/share for short-term uptrend expectations.
According to BETA Securities, after a period of accumulation at the price range of 27,500 - 29,000 VND/share, CTG is having a good short-term increase with trading volume regularly maintained above the 20-session average.
Technical indicators are showing many positive signals reinforcing the short-term uptrend, specifically the price line is above short-term MA lines such as MA10, MA20 and at the same time above medium- and long-term MA lines such as MA100 and MA200.
Along with indicators such as SAR (stop and reversal indicator), MACD (oscillator indicator) and MACD histogram are maintaining positive signals, reinforcing the short-term uptrend of CTG stock.
On that basis, BETA Securities recommends that investors consider buying and accumulating CTG shares in the price range of VND 28,500 - 29,450/share for short-term uptrend expectations.
Phu Hung Securities recommends investors to observe and buy shares HT1 of Vicem Ha Tien Cement Joint Stock Company, HHV of Deo Ca Transport Infrastructure Investment Joint Stock Company at resistance prices of VND 18,300 - 19,600/share and VND 16,400 - 17,000/share, respectively, because these shares are likely to continue their upward trend.
(Analysis and recommendations of securities companies are for reference only).
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