
Đây có thể là siêu cổ phiếu ngành sản xuất hàng tiêu dùng thiết yếu – tiềm năng tăng giá 60-90% (theo TSI report 080121)
Công ty cổ phần dầu thực vật Tường An (HOSE: TAC)
Thông tin chung:
- Số cp đang lưu hành : 33,88 tr cp
- Cổ dông lớn nắm giữ > 89 % ( 30,238 tr cp )
- Số cp freeloat : 3,64 tr cp ( < 11 % , thực tế có thể thấp hơn ).
TAC hoạt động trong ngành nghê tiêu dùng nhanh và đã trở thành một thương hiệu rất quen thuộc đôi với các gia đình Việt Nam, có các sản phẩm như Dầu ăn Tường an, bơ Margarin, dầu OLive, dầu phộng, dầu mè, dầu đậu nành,… TAC đang sở hữu hai nhà máy dầu với tổng diện tích 117.000 m2, trong đó:
- NHÀ MÁY DẦU PHÚ MỸ 80.000 m
Nằm cạnh cảng nước sâu thuộc Khu Công nghiệp Phú Mỹ 1, tỉnh Bà Rịa Vũng Tàu, Nhà máy Dầu Phú Mỹ được xây dựng trên diện tích 80.000 m2 với cơ sở hạ tầng giao thông đường thủy thuận lợi. Bên cạnh dây chuyền tinh luyện dầu với công suất đạt 810 tấn/ ngày, Nhà máy còn được trang bị hệ thống máy móc hiện đại, tiên tiến được nhập khẩu trực tiếp từ châu Âu, Nhật Bản và Hoa Kỳ. Nhà máy tuân thủ các quy định tiêu chuẩn nghiêm ngặt nhất về vệ sinh an toàn thực phẩm theo tiêu chuẩn GMP và HACCP, hệ thống quản lý chất lượng theo tiêu chuẩn quốc tế ISO 9001:2000 nhằm sản xuất các sản phẩm có chất lượng.
- NHÀ MÁY DẦU VINH 2 37.000 m2
Trải rộng trên diện tích 37.000 m2 gần bên cảng Cửa Lò, tỉnh Nghệ An. Nhà máy tuân thủ các quy định tiêu chuẩn nghiêm ngặt nhất về vệ sinh an toàn thực phẩm theo tiêu chuẩn GMP và HACCP, hệ thống quản lý chất lượng theo tiêu chuẩn quốc tế ISO 9001:2000 nhằm sản xuất các sản phẩm có chất lượng. NHÀ MÁY DẦU PHÚ MỸ 80.000 m
Cổ tức tiền mặt tăng mạnh năm 2019, lên tới 9.500/cổ phần (95%):
- 2017 : 2,4 k / cp
- 2018 : 2,4 k / cp
- 2019 : 9,5 k / cp
Công ty đang ở giai đoạn tăng trưởng KQKD rất cao, có thể là một siêu cổ phiếu
Doanh thu, lợi nhuận đều tăng trưởng tốt và bền vững. Trong đó doanh thu đang tăng trưởng mạnh nhờ vào mở rộng ngành hàng cao cao cấp, tăng thị phần bất chấp tình hình dịch bệnh xấu. Lợi nhuận 4 quý gần đây liên tiếp tăng trưởng cao, và tăng tốc mạnh ở 2 quý gần nhất, đặc biệt quý 3 vừa rồi tăng trưởng 3 con số. cho thấy lãnh đạo công ty đang phát triển đúng hướng, chiến lược sản phẩm đánh đúng vào nhu cầu người tiêu dùng và đúng kênh phân phối. Tăng trưởng lợi nhuận đượchỗ trợ bởi tăng trưởng doanh thu, là dạng tăng trưởng bền vững dài hạn. Tăng trưởng LNST các quý gần đây như sau:
- Quý1/2020 : lnst 29,82 tỷ ( > 24 % yoy )
- Quý 2/2020 : lnst 37,98 tỷ ( > 57,6% yoy )
- Quý 3/2020 : lnst 79,13 tỷ ( > 139,4 % yoy ).
Quý 4 trong nhiều năm liền luôn là quý có doanh thu cao và lợi nhuận cao nhất so với các quý còn lại do vào dịp mua sắm lễ tết nên nhu cầu tăng mạnh. Vốn hoá thị trường của TAC hiện tại là 1600 tỷ, lợi nhuân quý gần nhất đạt 79 tỷ x 4 quý = 310 tỷ lợi nhuận trong vòng 3 quý kế tiếp, nhân PE 10 thì vốn hoá tiềm năng có thể đạt 3000 tỷ, do đó tiềm năng tăng giá của TAC còn rất lớn (gần 100%).
Mua TAC theo điểm mua pocket pivot bật lên vùng pivot của cốc tay cầm
Trong phiên GD 7/1, TAC đã xuất hiện điểm mua Pocker Piovt trùng với điềm pivot mẫu hình cốc tay cầm. Đây là điểm mua ưa thích của chúng tôi. Mẫu hình cốc tay cầm trên TAC là một mẫu hình đẹp hoàn hảo, khả năng thành công là rất cao. Chúng tôi khuyến nghị mua TA tại vùng giá từ 57.5 tới 49, mục tiêu upsize 50%, thậm chí là 90% nếu KQKD tiếp tục duy trì tương đương quý 3 vừa rồi trong 3 quý kế tiếp.

Vũ Hải Yến – Nguyễn Chuyên Cần (TSI)
Theo TSI Report ngày 8/1/21



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