Spot stocks on July 1: VPB, GEG, TLG

Comments on some key stocks made by securities companies include VPB, GEG, TLG.

TLG – Breaking through

BIDV Securities Securities Joint Stock Company (BSC)

Technical highlights:

– Current trend: Price increase.

– MACD trend indicator: The MACD line is above the signal line.

– RSI indicator: Go into the overbought area.

– Road MA: EMA12 is above EMA26.

Analysis:

TLG is still in the process of increasing prices from the beginning of April and is one of the codes that have not had much influence from the current adjustment of the general market. The stock liquidity is still maintaining a good and stable value.

Today’s excitement pushed TLG price up an impressive 6.69%, thereby helping the stock to overcome the resistance of 34.5.

The trend indicators are still supporting the positive state of TLG. RSI momentum indicator has just entered the overbought area, so it is likely that the stock will have a short-term correction in the coming sessions. The nearest support level of TLG is at 33-33.5.

Technical chart of TLG stock

GEG – Establishing a trend reversal pattern

BIDV Securities Securities Joint Stock Company (BSC)

Technical highlights:

– Short-term resistance 21.95

– Short-term support 19.18

– The short-term trend is up

– Medium-term resistance 24

– Medium-term support 18.6

– Medium-term trend is down

Analysis:

GEG’s Stock Rating is at 63 points so we rate the upward rating of this stock as neutral. Positive point is the basic point of this stock at 99 points, showing a positive fundamentals.

GEG’s price chart exceeded the 50-day moving average with trading volume increasing sharply in the last three sessions. At the same time, the short-term trend is also increased from the decrease to the increase. In addition, the price chart shows signs of establishing a medium-term reversal price pattern if the price chart exceeds 21.95.

GEG stock technical chart

VPB – Profit is likely to exceed the 2020 plan

Ban Viet Securities Joint Stock Company (VCI)

Analysis:

VPBank’s consolidated 5-month EBT reached VND 5,100 billion, equivalent to about 50% of the year plan, and expected 6-month EBT to reach VND 6.0 trillion (up 38% compared to the same period).

Therefore, if the COVID-19 outbreak is well controlled, VPBank expects to exceed the 2020 EBT target by 10-20%, according to the bank’s CEO.

In addition, profit growth in 2020 will largely depend on the debt handling ratio at the parent bank and FEC due to the burden of VAMC’s room balance has cooled down by 2020 when VPB has fully provisioned for VAMC bonds in 2019.

The annual General Meeting of Shareholders has approved a proposal to authorize the Board of Directors to decide the sale plan of the parent bank’s investment (contributed capital, shares) in subsidiaries. VPBank’s Chairman stated that the process of selling FEC’s shares was interrupted by COVID-19 epidemic.

However, the bank has received positive signals of interest. VPB is currently in the process of negotiating with partners regarding the sale of FEC shares, according to the bank’s chairman.

Shareholders approved plans to repurchase current international bonds and fund stocks – as well as lower the foreign ownership ceiling (FOL) to 15%. Following the Board’s resolution issued in April 2020, VPB plans to buy up to all (300 million USD) of international bonds issued in 2020 and 2021.

In addition, the target of repurchasing stocks up to 5% of outstanding shares (about 122 million shares) in 2020, depending on the market situation.

Investors should only consider the statements of securities companies as a reference source. Securities companies all recommend disclaiming liability for these statements.

Source: vietnambiz.vn

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