{"id":26485,"date":"2024-09-12T10:20:49","date_gmt":"2024-09-12T03:20:49","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=26485"},"modified":"2024-09-12T10:20:49","modified_gmt":"2024-09-12T03:20:49","slug":"gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/","title":{"rendered":"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong>INVESTMENT THESIS<\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">Abundant workload from domestic gas exploitation and power projects. In the period of 2024-2030, Vietnam will promote the mobilization of output from gas and electricity, this could be a golden period for Vietnamese oil and gas stocks, especially for PVS with its presence in almost the entire oil and gas exploitation value chain in Vietnam. Thr Block B O Mon project will be a strong catalyst for PVS in the period of 2025-2026 as well as the operational stages until the end of the project life cycle (2049).<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">Revenue and profit expand from expanding service to other Asian markets.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">Expect to penetrate deeply into the domestic and international offshore wind power sector. Currently, PVS has laid the foundation for a development strategy in this field by participating in renewable energy projects in the region as well as participating in the wind power export project to Singapore through a contract with Sembcorp.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">Port services, FSO\/FPSO services and technical ship services bring stable profits and high profit margins.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">Strong financial health.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong>RECOMMENDATION<\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">We recommend <strong>\u201c<\/strong><strong>Buy<\/strong><strong>\u201d<\/strong> PVS stock with a target price of <strong>VND 46,000\/share<\/strong>, corresponding to an expected return of <strong>15%.<\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><a href=\"https:\/\/gtjai.com.vn\/wp-content\/uploads\/2024\/09\/GTJASVN_PVS-Equity-Report_Initial-Report_Sep2024_en-ver.pdf\">GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver<\/a><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"author":24,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-26485","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver - GTJA\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT THESIS Abundant workload from domestic gas exploitation and power projects. In the period of 2024-2030, Vietnam will promote the mobilization of output from gas and electricity, this could be a golden period for Vietnamese oil and gas stocks, especially for PVS with its presence in almost the entire oil and gas exploitation value chain [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/\" \/>\n<meta property=\"og:site_name\" content=\"GTJA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtjai.com.vn\/#website\",\"url\":\"https:\/\/gtjai.com.vn\/\",\"name\":\"GTJA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtjai.com.vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/#webpage\",\"url\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/\",\"name\":\"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver - GTJA\",\"isPartOf\":{\"@id\":\"https:\/\/gtjai.com.vn\/#website\"},\"datePublished\":\"2024-09-12T03:20:49+00:00\",\"dateModified\":\"2024-09-12T03:20:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtjai.com.vn\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver\"}]}]}<\/script>","yoast_head_json":{"title":"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver - GTJA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/","og_locale":"en_US","og_type":"article","og_title":"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver - GTJA","og_description":"INVESTMENT THESIS Abundant workload from domestic gas exploitation and power projects. In the period of 2024-2030, Vietnam will promote the mobilization of output from gas and electricity, this could be a golden period for Vietnamese oil and gas stocks, especially for PVS with its presence in almost the entire oil and gas exploitation value chain [&hellip;]","og_url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/","og_site_name":"GTJA","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/gtjai.com.vn\/#website","url":"https:\/\/gtjai.com.vn\/","name":"GTJA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gtjai.com.vn\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/#webpage","url":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/","name":"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver - GTJA","isPartOf":{"@id":"https:\/\/gtjai.com.vn\/#website"},"datePublished":"2024-09-12T03:20:49+00:00","dateModified":"2024-09-12T03:20:49+00:00","breadcrumb":{"@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_pvs-equity-report_initial-report_sep2024_en-ver\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtjai.com.vn\/en\/"},{"@type":"ListItem","position":2,"name":"GTJASVN_PVS Equity Report_Initial Report_Sep2024_en ver"}]}]}},"_links":{"self":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/26485\/"}],"collection":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/"}],"about":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/types\/research\/"}],"author":[{"embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/users\/24\/"}],"wp:attachment":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/media\/?parent=26485"}],"wp:term":[{"taxonomy":"cate_research","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/cate_research\/?post=26485"},{"taxonomy":"specialized","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/specialized\/?post=26485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}