JVC, CVT, FCN... Chọn cổ phiếu nào với T45!!!

lên 30 nhanh lắm

Chắc phải ngập ngừng vài phiên mới lên được, em này cũng nặng mông lắm. Mua hôm nay T+3 chắc là ko có gì ăn

FCN cũng ngon mà JVC cũng quá ngon, chơi luôn cả 2 mã

FCN thi làm ăn tốt. chuẩn luôn ko chỉnh. về 30. riêng con JVC e ko vote vì quá rõ . hàng kẹp nhiều như quân nguyên

Quan điểm của Tui về 2 DN là rất rỏ ràng... bạn nào thích và có niềm tin với DN nào thì chọn CP đó làm kim chỉ nam cho hoạt động đầu tư...

Thông tin về 2 DN cơ bản cũng đã phản ánh gần hết... phần còn lại là NDT đánh giá triển vọng và tiềm năng trong tương lai mà "chiến"!!!!!!!!

Năm nay 3 mã này đều có thể đạt trên 3k EPS nên giá 2x đầu nhỏ mua là hợp lý, kỳ vọng 3x ngay trong quý 1

Vote cho cả 2 con FCN& JVC, 2 con xuất phát cùng 1 điểm nhưng có vẻ FCN chạy nhanh hơn.

Hai mã này có rất nhiều điểm giống nhau, khả năng cùng về 3x ngay trong quý này

FCN chắc chắn và hàng cơ bản tốt, JVC vừa phát hành 50tr cổ phiếu giá 15 cách đây chưa đầy 1 tháng/ đánh lên giá này các bác mua thì thừa biết ngồi trên đọt. e vote FCN.. JVC tuyệt đối nói 0 cho dù thế nào đi nữa. để lái nó tự đánh

--- Gộp bài viết, 05/03/2015, Bài cũ: 05/03/2015 ---

FCN va JVC khác hẳn nhau bác nhé. FCN làm ăn tốt, hàng ít, trong khi JVC hàngn hiều như quân nguyên.. bác thử nghĩ mà xem 50tr cp nó cho bác ăn dễ thế

FECON Foundation Engineering and Underground Construction (FCN: HOSE): 2014 earnings update Outstanding shares: 46 mil; Market Cap: USD 50 mil; Average trading value 3M: USD 0.20 mil, Market price: VND 22,000; and Foreign ownership: 49%

Maintain highest profit margin in construction industry:

In 4Q14, FCN posted revenue and PBT of VND 763.7bn (+ 48.7% YoY) and VND 111.8bn (+ 76.7% YoY). The results didn’t surprise us because in our last report on FCN, we mentioned that project handover in 2014 was quite low compared to the target. Therefore, most of the revenue was recorded by year end. In 2014, total revenue and PBT reached VND 1,354bn (+ 12.4% YoY) and VND 181bn (+ 21% YoY), achieving only 90.3% and 92% of yearly targets, respectively. Low revenue, according to the management, was due to a 2 months delay of ThaiBinh Thermal Power Plant 2 project, which was caused by the main contractor. It should be noted that FCN was fined VND 13bn worth of unpaid tax in 2014 as during 2012-2013 the company paid insufficient CIT. If there was no tax fine, the company would have achieved its yearly profit target. Gross profit margin improved from 16.9% in 2013 to 18.9% in 2014 as soil improvement contributed a higher portion in sales structure. Soil improvement usually has a higher gross profit margin than pile providing and other segments. FCN possesses highest net profit margin (10.5%) in the compared to CTD (5.1%) and HBC (2%), SD6 (4.6%), SD9 (7.7%), SD5 (3.1%), SDT (6.6%), VNE (4.7%) and SC5 (2.5%)

2015 outlook:

By the end of Jan 2015, backlog has reached VND 930bn, large scale projects include: Pile Providing and Driving (Nghi Son Refinery Plant –> VND 100bn, Thai Binh 2 Power Plant –> VND 100bn, Thai Binh 1 Power Plant –> VND 200bn, Duyen Hai 3 Thermal Power Plant –> VND 50bn, Van Phong Thermal Power Plant VND -> VND 50bn, Long Phu 1 Thermal Power Plant), Soil Improvement (Long Son Oil refinery, Song Hau, etc.) and Infrastructure (Metro Line HCM and Hanoi, Phu Ly bypass, Uong Bi-Bac Ninh highway No 18). Besides the projects in the pipeline, FCN is negotiating with other projects with total value of VND 1000bn.

Based on backlog and projects under negotiation, we expect that FCN will continue to focus on state funded projects and infrastructure projects. Therefore, AR days will continue to remain high.

Starting in 2015, FCN will expand to uncased pile works for residential building projects through a new subcontractor who has longtime experience in the industry. The new subcontractor and FCN will work on 70% of CTD’s projects in HCMC and 30% of CTD’s projects in Hanoi. Gross profit margin of this segment is quite low (8%) compared to traditional businesses. According to FCN, total revenue of the new segment might reach VND 300bn/year.

FCN is going to propose VND 1,800bn of revenue (+33% YoY) and VND 180bn of net profit( +26.8% YoY) target for 2015. Based on recent performance, we conservatively assume that FCN might achieve VND 1,719bn of revenue (+27% YoY) in 2015. We have not yet factor in the cased pile project. Net profit might reach VND 163bn (+ 15.13% YoY) in 2015. We assume that DBJ will convert half of its CBs in Sept 2015, increasing the charter capital by 11% to VND 507bn by the end of 2015. Diluted EPS is expected to reach VND 3,223 (+ 3.8% YoY).

Investment view:

At the current price of VND 22,000/share, FCN is trading at 2015 PER of 6.8x, which is very low. We maintain our BUY recommendation for FCN at 1Y target price of VND 28,000/share (27.3% upside). We expect FCN will pay 10-15% cash dividend on par value ( yield at 4.5%-6.8%) after the 2015 AGM which will be held in April.

SSI: Chưa tính khỏan LN được chia 35 tỷ từ FCC & LN 8 tỷ được chia từ Cienco1.