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Cautious forecast in the second half of 2022, announcing 5 potential stocks that investors should not miss

In the June investment strategy report, SSI securities company made a somewhat cautious assessment of the market. However, SSI believes that there are still factors to expect for the market’s prospects in the coming time. In the second half of 2022, the growth rate of industries affected by the epidemic is expected to be positive compared to the same period last year, public investment disbursement is expected to be accelerated. The 2% interest rate support package is also a driving force for growth if it is deployed in the right direction soon.

In general, SSI Research believes that recent strong fluctuations will bring opportunities in industries that recover from the pandemic and are not much affected by high inflation such as Oil & Gas, Ports & Shipping, Chemicals, Pepper Non-essential use, Information Technology.

Among the above industries, SSI also announced stocks with growth potential in the coming period including: GMD, GAS, PVT, NT2, FPT.

With Gemadept (GMD), SSI believes that Gemalink port has increased throughput rapidly and started contributing profit to GMD. Gemalink has reached 300,000 TEU output in Q1 2022 and is expected to reach 1.4 million TEU in the whole of 2022. Profit is estimated at USD 18 million in 2022, compared to breakeven in 2021. helped give a significant boost to Gemadept. In addition, when Gemalink comes into operation, it helps to complete the ecosystem of GMD, boosting output and providing added services for satellite ports such as Phuoc Long ICD, Binh Duong port, and the Northern port cluster. As a result, both revenue growth and profit margin are improving positively.

In addition, the reopening of Shanghai by China from June 1, which is expected to promote the recovery of cargo volume and return to the growth trajectory, positively affecting the world shipping industry and ports. Vietnam

It is expected that the divestment of rubber plantation projects can be done in 2022 in the context that the orchard has a large enough area, well-developed trees, completed connection infrastructure, and rubber prices tend to recover. good recovery. EBT is estimated to reach VND 1,215 billion (+50%) in 2022.

With FPT, SSI believes that the foreign IT segment is still the main growth driver. EBT of this segment is estimated to increase by 29.9% over the same period. Accumulated in the first 4 months of 2022, this segment’s EBT increased by 32.1% over the same period. New signing value reached 9 trillion dong (+40% over the same period). Particularly, revenue from digital conversion services increased by 90% over the same period and raised the proportion of total revenue to 40% from 27%. Notably, revenue from cloud services (including digital transformation services) has a contributing proportion of up to 58% and has recorded a sudden increase of nearly 3 times over the same period.

SSI expects FPT’s profit before tax growth to remain above 20% in the next 2 years, specifically 24.6% in 2022, 21.7% in 2023 over the same period.

SSI Research: Cautious forecast in the second half of 2022, announcing 5 potential stocks that investors should not miss - Photo 1.

With Nhon Trach 2 Petroleum Power Joint Stock Company (NT2), SSI forecasts Q2 profit will grow strongly. Estimated to reach 159 billion VND, 6.5 times higher than the same period last year. The reason is that the electricity price in the market is more competitive than forecast. Accumulated in the first 4 months of 2022, the price on the competitive market reached 1,589 VND/kwh (up 44%). High contract volume and favorable market offer are positive factors for NT2’s profit growth despite high gas prices.

With Vietnam Gas Corporation (GAS), SSI estimates an estimated 56% growth in NPAT in 2022. GAS is one of the top beneficiaries of higher oil prices. In 2022, SSI revises up GAS’ NPAT estimate from VND 11.6 trillion (+35% y/y) to VND 13.4 trillion (+56% y/y) assuming high oil prices (FO price increased from 480 USD/ton to 500 USD/ton and LPG price increased from 700 USD/ton to 800 USD/ton) and raised the estimated dry gas production estimate from 8.1 billion m3 to 8.2 billion m3 (+13% y/y) in 2022. Q2 profit is expected to increase strongly, which is a short-term factor supporting stock prices.

With Vietnam Oil and Gas Transport Joint Stock Company (PVT), SSI believes that the main growth driver in 2022-2023 (gross profit growth of 14%/year) will come from the transportation segment. Specifically, with the demand for transporting liquid and gas cargoes in the world is recovering and there is a positive impact from the embargo on Russian oil and gas products, causing transportation to go from the gasoline markets. oil further afield, as well as gasoline demand from the aviation industry recovering gradually after COVID-19. The FSO/FPSO segment is also expected to grow 10%/year in revenue assuming the daily rent of FSO Dai Hung Queen is adjusted up by oil price.

https://cafebiz.vn/ssi-research-du-bao-than-trong-trong-nua-cuoi-nam-2022-cong-bo-5-co-phieu-tiem-nang-nha-dau-tu- no-ne-bo-lo-20220607161246828.chn


Moc An

Following the Economic Lifestyle

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