Notable stocks on May 3

Rong Viet Securities Joint Stock Company (VDSC) recommends accumulating FMC shares of Sao Ta Food Joint Stock Company with a target price of VND 52,300/share.

In the first quarter of 2024, Sao Ta achieved revenue of VND 1,461 billion (up 45% over the same period) thanks to a 49.5% increase in shrimp revenue.

However, due to the high price of raw shrimp input, the gross profit margin decreased by 1.4 percentage points. As a result, the company's after-tax profit increased by only 18% over the same period, reaching VND57.2 billion.

In the second quarter of 2024, VDSC forecasts Sao Ta's revenue to reach VND 1,214 billion and pre-tax profit to reach VND 88 billion, up 18% and 16% respectively over the same period.

In 2024, VDSC forecasts Sao Ta's revenue at VND5,917 billion (up 16% year-on-year) and gross profit margin at 10.1% due to self-farmed shrimp output expected to increase by 20% year-on-year.

With that forecast, VDSC estimates that Sao Ta's parent company's after-tax profit will reach about VND318 billion, up 15% compared to 2023.

Based on that projection plus the expected cash dividend of VND2,000/share, VDSC recommends accumulating FMC shares with a target price of VND52,300/share. The stock is currently priced at VND48,700/share.

SSI Securities Corporation recommends positive PNJ shares of Phu Nhuan Jewelry Joint Stock Company with a target price of VND 112,000/share.

In the first quarter of 2024, PNJ achieved net revenue of VND 12,600 billion and net profit of VND 738 billion, up 29% and down 1.4% respectively over the same period.

According to SSI, jewelry consumption demand will recover more clearly by the end of the year and with network expansion (48, 35 and 40 new stores in 2023, 2024 and 2025), PNJ's net profit in 2024 and 2025 could reach VND2,220 billion and VND2,570 billion, equivalent to an increase of 13% and 16% over the same period.

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Therefore, SSI recommends PNJ stock with a target price of VND112,000/share. Currently, this stock is priced at VND96,100/share.

Maybank Securities Company Limited (MSVN) recommends buying BCG shares of Bamboo Capital Group Corporation with a target price of VND9,130/share.

According to MSVN, in the first quarter, Bamboo Capital recorded positive business results when net revenue and after-tax profit reached VND985 billion and VND98.2 billion, respectively, up 40.5% and more than 10 times over the same period. In particular, BCG Energy's renewable energy segment contributed the most.

For the renewable energy sector, Bamboo Capital plans to complete price negotiations for two solar power projects Phu My (phase 2) and Krong Pa 2, continue to promote the completion of the 150 MW rooftop solar power project, and deploy the construction of 550 MW onshore and offshore wind power (expected COD in 2025).

MSVN also said that Bamboo Capital is carrying out the next procedures to increase charter capital through a 2:1 issuance to existing shareholders. The offering price is VND10,000/share, and the implementation time is in the second quarter of 2024. If the issuance is successful, the group will mobilize VND2,667 billion to achieve its growth target in the period of 2024-2028.

In the session 2-5, BCG stock trading volume improved to the highest level in the past week but was still lower than the 20-day average. Cash flow needs to improve further in the coming time.

Technically, the MACD indicator is rising but still significantly below zero. Momentum indicators are rising or flat but values ​​are still below average.

Accordingly, MSVN recommends that investors with high risk appetite can open a BCG buy position with the nearest target price at VND9,130/share and stop loss at VND7,890/share. Currently, VCG shares are priced at VND8,330/share.

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

Source: https://nld.com.vn/nhung-co-phieu-nao-dang-chu-y-ngay-3-5-196240502195034055.htm