Notable stocks on September 27

KB Vietnam Securities Joint Stock Company (KBSV) recommends buying REE shares of Refrigeration Electrical Engineering Joint Stock Company at a target price of VND 73,100/share.

KB Securities said REE's revenue and after-tax profit in the second quarter of 2023 reached VND2,174 billion and VND623.4 billion, up 7% and down 17% year-on-year, respectively.

The E town 6 project is expected to be topped out by the end of September 2023. KBSV expects that this project can be put into operation in the middle of the fourth quarter of 2023, which will boost REE's revenue in 2024.

Notable stocks on September 27

Currently, REE has reduced its ownership ratio at Pha Lai Thermal Power Joint Stock Company (PPC) and added Su Pan 2 Hydropower Plant to its energy investment portfolio.

In Tra Vinh , REE and Truong Thanh Group have also joined forces with Japanese investors to propose a project to develop 1,800 MW of offshore wind power. The projects have been listed in the potential list of the approved Power Plan VIII.

Based on that, KBSV recommends buying REE shares with a target price of VND73,100/share. REE is currently priced at VND61,900/share.

Rong Viet Securities Joint Stock Company (VDSC) recommends holding PVT shares of PetroVietnam Transportation Corporation at a target price of VND26,400/share.

VDSC said that PVT announced audited data for the first half of 2023 with revenue and after-tax profit reaching VND4,158 billion and VND630 billion, down 2.8% and up 39.4% respectively over the same period, higher than previous estimates.

In 2023, VDSC expects PVT's profit to grow compared to the previous flat forecast thanks to higher extraordinary profit and better-than-expected core operating profit.

Thereby adjusting the increase in profit after tax of PVT's parent company shareholders from VND 861 billion to VND 978 billion for the whole year of 2023, corresponding to a growth rate of 13.5%.

Rong Viet Securities said it still maintains a positive view on PVT shares this year as profits recorded an 18% growth in 2023 and believes that the company's 2024 profits will still grow.

Based on the above factors, VDSC recommends holding PVT shares with a target price of VND26,400/share. PVT is currently priced at VND25,750/share.

Yuanta Vietnam Securities Company Limited recommends holding BCG shares of Bamboo Capital Group Corporation with a target price of VND 12,051/share.

In the first half of 2023, BCG recorded net revenue of VND 1,816 billion and after-tax profit of VND 176 billion, completing 26% of the revenue plan and 26% of the profit plan for 2023.

Yuanta Securities believes that 2023 will be a challenging year for BCG as both core businesses, real estate and energy, continue to face many difficulties. However, in 2024, Yuanta expects more positive signals to appear as the low interest rate environment is maintained.

In 2023, Yuanta forecasts that the company's net revenue and after-tax profit will reach VND2,961 billion and VND230 billion, down 35% and 57% year-on-year, respectively.

In addition, Yuanta estimates that BCG's real estate revenue will decrease by 8% compared to 2022, reaching VND1,174 billion and energy revenue will be VND1,111 billion, up 11% over the same period.

On that basis, Yuanta recommends holding BCG shares with a target price of VND12,051/share. Closing session on September 26, BCG was at VND9,800/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-27-9-20230926194608754.htm