recommends investors 26 points BSR stop Enterprise
BIDV Securities Company (BSC)
Binh Son BSR stock stock is in a rebound trend after forming a double-bottom pattern around 21.1. stock liquidity has exceeded the average trading threshold for 20 trading days, which is in line with the stock's upward trend.
MACD and RSI support bullish trends. stock price line has also crossed MA20 and tested MA50, indicating that an upward trend is taking shape.
Investors can open positions at 22.9 and take profit at 26.0. If the stock price falls below the short-term support level of 22.0, stop loss.
recommends buying MCM stock with a target price of 68,000 VND/share
KB Securities Vietnam (KBSV)
We recommend buying Moc Chau Dairy Cow Breeding JSC (MCM - UPCoM) with a target price of 68,000 VND/share. Due to the product coverage expansion strategy, the business is expected to achieve positive results in 2022. At the same time, gross profit margin still has a big improvement space . Analysis of according to technology, the buying range is approximately 53,000 - 54,000 VND/share, and the middle is 49,000 - 51,000 VND/share.
Covid-19 The positive growth prospects of the dairy industry come from (1) the increase in people's income; (2) the per capita milk consumption of Vietnam is still lower than that of the region; (3) Medium- and long-term factors include: the rise of the young population, the middle income and the rise of the middle class.
market expansion prospects. MCM plays an important role in VNM's strategy of increasing market share, helping VNM bring more choices to consumers and enhance the competitiveness of brands and other parties.
investment to expand production scale, and the projects worth noting include (1) transformation of existing production lines and farms; (2) planning to build new large-scale farms combined with ecological tourism; (3) planning to build more dairy plants with production capacity 4 times the existing production capacity. MCM also continues to expand cooperation with farmers to increase cow populations.
continues to increase gross profit margin mainly due to (1) the expected cooling of raw material prices; (2) When MCM is in the VNM ecosystem, it uses the preferential policies of VNM partners; (3) the economies of scale when MCM expands production; (4) possible price increase space; (5) Provide high-quality products at price higher .
Some of these risks include increased competition risk, changes in consumer trends, and rising costs of input materials.
HPPStock Purchase Recommendations for Stocks
KB Securities Vietnam (KBSV)
Hai Phong Paint Joint Stock Company (HPP)'s revenue and after-tax profit are expected to achieve positive growth in the whole year of 2021. Specifically, the annual revenue is expected to be 994.8 billion VND (up 16.5% over the previous year), and the after-tax profit is 113.64 billion VND (up 13.64%). based on business prospects and valuation results, we recommend buying HPP stocks with a target price of 107,500 VND/share, which is higher than closing price of on December 22, 2021 452% higher than closing price of on December 22, 2021 .
With the recovery of the shipping and seafood industry, HPP's marine coating consumption is expected to achieve positive growth in 2022. Specifically, the number of newly registered river and sea ships will increase by 18% in the first nine months of this year and 18% in 2021. They increased by 10.5%, respectively, higher than the growth rate in 2020. The positive impact of social distancing measures on fishing fleets, river and coastal shipping will resume operations starting in September. It will help annual growth reach 12% and 16.8% respectively and create growth prerequisites for 2022.
HPP's industrial coatings consumption will directly benefit from the 150 trillion VND public investment plan, thanks to its experience in supplying paints to major domestic road projects such as Cat Linh-Ha Dong stations and overpasses.Nguyen Binh Khiem, Cua Luc Bridge 1... Provide coatings and coatings for large material manufacturing companies such as Hoa Phat, Ton Hoa Sen, VNsteel...
According to a report by the Vietnam Paints and Ink Association (VPIA), the coatings industry in Vietnam is expected to continue to grow at a rate of 14% over the next 10 years due to the acceleration of urbanization and investment infrastructure. With the 12% 5 annual average earnings annual dividend payment rate of 3,000 VND/share, HPP is a suitable value stock held in medium and long term.
risk is high financial leverage, while accounts receivable have tended to grow strongly over the past 2 years. Covid-19 epidemic has appeared again, bringing the distance between northern provinces and cities again.
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