20170509 BSC Vietnam Company Update VN PVT

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20170509 BSC Vietnam Company Update VN PVT

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20170509 BSC Vietnam Company Update VN PVT tài liệu, giáo án, bài giảng , luận văn, luận án, đồ án, bài tập lớn về tất c...

How to settle the payment at visa-vietnam.vn? http://www.vietnam-immigration.org.vn/ First of all, please note that we charge you for our service visa vietnam fee only, the fee for the arrangement of the pre-approved letter for picking up your visa-upon-arrival at Vietnam airports. Once again, our fee is exclusive of the stamped fee amount, which will be paid directly at the airport when you pick up your Vietnam travel visa. Please click here to see our charge fee. We offer 4 methods of payment: 1. Settle the payment through credit cards with the Gate2Shop (http://www.gate2shop.com/) payment gate option. Fill the online form with your passport details for your Vietnam visa-upon-arrival then click Submit. If you choose the payment through credit card option, our site will redirect you to a secure payment gate provided by Gate2Shop (http://www.gate2shop.com/). You can pay using VisaCard, MasterCard, DinnersCards, SwitchCards or SoloCards or Paypal. You will be required to provide your personal and credit card details. You will be sent to our Success Page if the payment is processed successfully. We will also send you an email to confirm your visa to Vietnam. If your payment had been unsuccessful, you will be shown the Failure page. At the same time, you will receive an email from us telling you that the payment cannot be processed. If you still want us to help you get a Vietnam travel visa, you can forward the said email to info@visa- vietnam.vn or visa@visa-vietnam.vn to select another method of payment. 2. Settle the payment via Paypal . Fill the online form with your passport details for Vietnam visa-upon-arrival then click Submit. The method for payment via Paypal or Moneybookers.Com is the second option. If you choose to pay via Paypal.Com, click Submit and you will receive an email from us to confirm your personal details for visa with payment preference: Paypal.Com. Within 1-2 business hours after the submission of your application with Paypal.Com, our staff will send you an email with the details of the transaction. After you receive the payment request details from us, create an account on Paypal.Com by signing up. Send the money to Vietnam with the details we sent you thru email to confirm for the payment request. The step is very quick and easy. Finally, please send us tracking number provided by Paypal.com to confirm the payment made. Your visa to Vietnam will be processed immediately after we get the tracking number. It will take you only about 1 minute to settle the payment via Paypal.Com and confirm your payment with us by sending us an email with the tracking number provided by Paypal.Com Note: You could opt for the money to be delivered in USD. 3. Settle the payment via Western Union. Fill the online form with your passport details for a visa-upon-arrival at Vietnam airport then click Submit. From the 4 options of payment method available, payment thru Western Union is the third option. Choose the pay via Western Union option and submit. You will be directed to the Submit Successful Page. At the same time, we will send you an email confirming your personal details for visa with payment preference: Western Union. Within 1-2 business hours after you submit your Vietnam visa application with the Western Union payment option, we will send you an email 09/05/2017 Company Update note Tổng công ty cổ phần Vận tải dầu khí, (Hose) Tại ngày 9/5/2017, PVT giao dịch mức giá 12.700 đồng/cổ phiếu Chúng BSC RESEARCH dự báo, năm 2017, PVT ghi nhận doanh thu khoảng tương đương 2016, Head of research mức khoảng 6.738 tỷ, LNST đạt 417 tỷ (-13%yoy), tương đương với EPS 2017 Tran Thang Long 1.480 đông/cp, P/E fw=8.58x Triển vọng ngắn hạn (2 quý) khả quan longtt@bsc.com.vn Equity analyst Chu Tuan Phong phongct@bsc.com.vn làm thị trường đánh giá thấp giá trị cổ phiếu PVT Tuy nhiên nhận định, PVT cổ phiếu với tảng bền vững, tiềm tăng trưởng từ năm 2018 khả quan nhờ nguồn cầu vận chuyển từ NMLD Nghi Sơn dự án nhiệt điện than PVN Vì vậy, lấy mức P/E hợp lý PVT 11x để phản ánh tiềm dài hạn (2 năm) PVT đưa mức giá khuyến nghị 16.200 đồng/cp Kết kinh doanh quý 1/2017 tăng trưởng mạnh Doanh thu đạt 1,652 tỷ (+7.7%yoy), LNST tăng trưởng mạnh 27.3%yoy lên mức 126 tỷ Các nguyên nhân chính: (1) Hoạt động vận tải tăng trưởng 16%yoy lên mức 800 tỷ BLNG mảng tăng từ khoảng 13% quý 1/2016 lên 16.5% quý 1/2017 (2) Hoạt động FSO, FPSO ổn định với tỷ lệ uptime đạt gần 100% giúp doanh thu mảng tăng trưởng 12%yoy lên mức 184 tỷ (3) Tỷ giá ổn định làm chi phí tài phát sinh kì gần tương đương kì 2016, mức khoảng 40 tỷ Hiện tại, dư nợ USD PVT mức khoảng 70 triệu USD Triển vọng quý giảm mạnh so với kì 2016 NMLD Bình Sơn vào sửa chữa định kì năm lần, thời gian dự kiến khoảng 52 ngày Hiện tại, PVT đảm nhận vận tải 100% nhu cầu dầu thô Bình Sơn khoảng 30% dầu thành phẩm Nguồn cầu vận chuyển chiếm tới 50% tổng doanh thu PVT Trong năm 2017, BSR đặt kế hoạch với lượng dầu thô nhập khoảng 6.5 triệu (-13%yoy), lượng dầu thành phẩm 5.1 triệu (-25%yoy) Vì nhận định kết kinh doanh quý PVT thấp đáng kể so với kì 2016 … Tuy vậy, khó khăn tạm thời PVT, triển vọng kinh doanh từ quý 4/2017 khả quan nhờ: Báo cáo có giá trị tham khảo Vui lòng xem miễn trách cuối báo cáo BSC RESEARCH Company Update Bổ sung nguồn cầu từ mảng vận tải hàng rời Hiện mảng vận tải hàng rời chiếm khoảng 10% tổng doanh thu vận tải PVT Trong năm 2017, nhà máy PVN góp vốn Thái Bình 2, Long Phú 1, Sông Hậu hay Quảng Trạch vào hoạt động PVT định hướng đảm nhận khoảng 50% nhu cầu than cho nhà máy nhiệt điện NMLD Nghi Sơn động lực tăng trưởng quan trọng PVT từ năm 2018 PVT chịu trách nhiệm vận chuyển 2,5 triệu dầu thô hàng năm cho Nghi Sơn phần sản phẩm dầu sản phẩm (dự kiến khoảng 3-4 triệu / năm) 70 năm dự án NMLD giai đoạn chạy thử nghiệm, dự kiến chạy đầy công suất từ đầu năm 2018 Vào khoảng quý 4/2017, PVT dự kiến chạy chuyến tầu dầu thô trọng tải 200.000 dwt cho Nghi Sơn Kế hoạch bổ sung đội tầu đáp ứng nhu cầu vận tải tăng mạnh Trong giai đoạn 2017-2020, PVT dự kiến đầu tư thêm khoảng 122 triệu USD để mua tầu chở dầu thành phẩm, dầu thô, hàng rời Dự kiến khoảng quý 2/2017, tầu dầu thành phẩm trọng tải 13.000 dwt, vốn đầu tư 300 tỷ đưa vào hoạt động Loại tầu VLCC Dầu thành phẩm LPG Sàn Lan Sà Lan Trọng tải Số lượng Vốn- triệu USD 200.000-250.000 65 12.000-15.000 13.2 3.500-4.000 27.2 10.000 15 2.000 1.6 Nguồn: PVT Dự báo kết 2017 PVT đặt kế hoạch kinh doanh 2017 với doanh thu đạt khoảng 5.020 tỷ (-26%yoy) LNST đạt khoảng 330 tỷ (-31%yoy) Chúng nhân định kế hoạch kinh doanh thận trọng giống kế hoạch năm khứ PVT Theo dự báo BSC, năm 2017, PVT đạt doanh thu 6.738 tỷ, xấp xỉ năm 2016, LNST đạt 417 tỷ (-13%yoy) do: (1) sản lượng vận tải dầu thô (với BLN cao mảng vận tải) giảm 10% Dung Quất vào sửa chữa định kì (2) Tỷ trọng mảng vận tải hàng khô với BLN thấp tăng (3) Mảng FSO/FPSO ổn định so với năm 2016 Giai đoạn 2018-2020 (1) Sản lượng vận tải dầu thô tăng mạnh Trong giai đoạn này, NMLD Bình Sơn đặt kế hoạch hoạt động 98% công suất thiết kế (Công suất=6.5 triệu dầu thô/năm), tương ứng với 6.3 triệu tấn/năm, thêm vào đó, PVT vận chuyển thêm khoảng 2.5 triệu cho NMLD Nghi Sơn, nâng tổng cầu vận tải dầu thô giai đoạn lên mức khoảng gần triệu (2) Rủi ro tỷ giá tăng PVT vay USD để đầu tư đội tầu Ước tính PVT phải huy động thêm khoảng 40 triệu USD (với giả định đội tầu đầu tư 30% vốn chủ, tầu VLCC đầu tư từ cổ đông chiến lược PVN thoái vốn xuống BSC RESEARCH Company Update 36%) Tuy nhiên nhận định rủi ro kiểm soát đa phần đội tầu PVT thuê định hạn, nên dòng tiền Hơn nữa, tỷ giá USD/VND thời gian gần ổn định (3) Tái cấu trúc tổng công ty, giảm tỷ lệ sở hữu công ty từ 65% xuống khoảng 51% Điểm nhấn kỹ thuật: - Xu hướng tại: vừa kiểm tra vùng giá hỗ trợ 12.50 quay trở lại khu vực kháng cự 12.85 kênh tăng hướng trung hạn (vùng hỗ trợ kháng cự lịch sử 11.87-13.3) - Chỉ báo MACD tích cực dần nhiên MACD chưa vượt qua báo chậm tiến nhanh mốc RSI trì ổn định quanh mốc 50, chưa có xu hướng tiến vùng 70 - Thanh khoản: trung bình 400.000 500.000 đơn vị / phiên Nhận định: Cổ phiếu PVT có hội quay trở lại mức kháng cự ngắn hạn 12.85 phiên gần trì xu hướng hồi phục ngắn hạn từ đáy 12.5 kèm khoản lành mạnh Cổ phiếu PVT vượt đường trung bình ngắn hạn MA(15) có hội vượt đường trung bình trung hạn MA(45) phiên tới Khuyến nghị: Nhà đầu tư trung dài hạn thực mua thăm dò ...How Visa Vietnam Online works? http://www.vietnam-immigration.org.vn/ To make your trip to Vietnam easy and simple, the Vietnam Immigration Department has implemented a modern electronic system for processing your Vietnam visa (business visa or tourist visa) upon arrival at international airports in the country. From now on, you can get your Vietnam visa fast and simple without having to send your passport to the Vietnam embassy. Please note that this system works at the airport only. How does the electronic visa Vietnam or Vietnam Visa Online system work? It is very easy to get visa Vietnam on arrival at the airport with 3 steps: 1. Firstly, ask for a visa pre-approved letter for picking up your visa to Vietnam upon arrival at any international airports in Vietnam. You can get this visa pre- approved letter from any travel agent or partner in Vietnam or Send the form online of your passport details via this website. It takes 2 minutes for filling. 2. Secondly, You settle the payment of 20 USD/person for Vietnam visa service fee. Then we will proceed Vietnam visa approval letter for you and send it to you by email. Some urgent case, we can send you by fax or email in 30 min after you send us your passport details. 3. Finally, print out the pre-approved letter and attach two (2) passport-size photos (4x6cm) for boarding the airplane. Upon arrival at any international airport in Vietnam, show the pre-approved letter for checking at the "Landing Visa Counter" then pay the stamped fee of 25 USD/person for single entry Vietnam visa, or 50 USD/person for multiple entries Visa Vietnam. Vietnam visa takes you within 5-10 minutes to get Vietnam visa stamped on your passport by Vietnamese immigration officers at the airports. The electronic Vietnam visa system or Visa Vietnam Online makes your trip easy and saves your time. Enjoy your trip in Vietnam By Visa Vietnam Online Systerm. http://www.vietnam-immigration.org.vn/ What is serviced fee? Visa 2 Vietnam http://www.vietnam-immigration.org.vn/ Serviced fee as you may also see in the Service fee column is the visa vietnam fee we charge for arranging the "Visa approval letter" for picking up your visa-upon-arrival at any Vietnam airport. Unless you already have valid Vietnam travel visa stamped on your passport, you must have "Visa approval letter" at hand for picking up your visa-upon-arrival at the airport in Vietnam. You cannot enter and travel Vietnam and will be forced to fly back to your country of origin if you do not have the pre-approved letter for picking up your Vietnam visa-upon-arrival at the airport. Vietnamese travel agents and companies could help you arrange the pre-approved letter for picking up your visa-upon-arrival at the airport. In our case, we only require our clients to pay for our service if and thus, the term we call "Service Fee." Please note that the service fee does not cover the stamp fee, which will be paid in cash directly at the airport when you pick up your Vietnam visa. What is the stamping fee? Stamp fee, as you see in Stamping fee column, is the fee you have to pay in cash directly at the airport when you pick up your visa there. You must prepare in cash USD for paying stamp fee when you pick up your visa at Vietnam airport. Here after the tariff you can consider to prepare the money. - $25USD for single entry visa from 1 month to 6 month visa - $50USD for multiple entries visa from 1 month to 6 month visa - $100USD for 1 year multiple entries visa. Once again, you must paid in cash and prepare cash for this amount because you can not pay by credit cards for this amount at the airport & there is no ATM in this area at the airport. Where to get the visa stamp? We arrange visa upon arrival at the airport for those entering Vietnam by air & wish to get visa at the airport, and therefore your visa must be picked up at the airport. You should contact Vietnamese embassy to get visa if you NOT entering Vietnam by air. You must have pre-approved letter from Vietnam Immigration Department allow you pick up your visa upon arrival at the airport. Without this letter you can not boarding the airplane & get visa when you arrive. When you arrive at the airport of Vietnam, you will see "LANDING VISA" counter before you check out, coming to the "Landing visa" counter, show the pre-approved letter for checking on the system then wait for your visa stamped on your passport. Thing to do: - Print out the "Visa approval letter" for picking up visa upon arrival Vietnam at the airport. - You should prepare in cash for paying Stamp fee at the airpor. - 2 passport size photos (4x6cm) - Filling Application Form for enter and exit Vietnam. You may download this form & filling in advance. Saving you time & money is our first priority. Any request, please email to: info@visa-vietnam.vn Quoc Phan (Mr.) Team Leader Where to get the visa stamp? We arrange visa upon arrival at the airport for those entering Vietnam by air & wish to get visa at the airport, and therefore your visa must be picked up at the airport. You should contact Vietnamese embassy to get visa if you NOT entering Vietnam by air. You must have pre-approved letter from Vietnam Immigration Department allow you pick up your visa upon arrival at the airport. Without this letter you can not boarding the airplane & get visa when you arrive. When you arrive at the airport of Payment for visa-vietnam http://www.vietnam-immigration.org.vn/ Payment Guidance 1. First of all, please note that we charge you for our service fee only, the fee for the arrangement of the pre-approved letter before picking up your visa-upon- arrival at Vietnam airports. Once again, our service fee do not include the stamped fee amount, which will be paid directly at the airport when you get Vietnam visa. Please Click here to see our charge fee. 2. Method of payment We offer 4 methods of payment: Option 1: Pay by Credit Card, VISA Card, MasterCard, American Express, JCB, Diners Club through www.Gate2shop.Com Option 2: Pay through www.paypal.com using your credit card. Option 3: Pay through www.WesternUnion.Com (safe and credible) Option 4: Pay through Bank transfer 2.1. Method of payment by credit card through Gate2shop (www.Gate2shop.Com) Fill out the online form with your passport details for your Vietnam visa-upon- arrival then click Submit. If you choose payment option via credit card, our site will redirect you to a secure payment gate provided by Gate2shop - US provider. Read more 2.2. Method of payment by credit card through Paypal (www.Paypal.Com) Fill the online form with your passport details for Vietnam visa-upon-arrival then click Submit. The method for payment via Paypal.Com is the second option. If you choose to pay via Paypal.Com, click Submit and you will receive an email from us to confirm your personal details for visa with payment preference: www.Paypal.Com Read more 2.3. Method of payment via Western Union (www.WesternUnion.Com) Fill the online form with your passport details for a visa-upon-arrival at Vietnam airport then click Submit. From the 4 choices of payment methods available, the payment through Western Union as the third option. Read more 2.4. Method of payment via bank transfer EximBank Fill the online form with your passport details for visa-upon-arrival at Vietnam airport then click Submit. Choose the Bank transfer via EximBank, the last option for payment, and Submit. Read more http://www.vietnam-immigration.org.vn/ Vietnam General Information http://www.vietnam-immigration.org.vn/ Vietnam now open and welcome all travellers and business people to Vietnam. Thanks to that, getting visa to Vietnam now very easy and simple. There is a new way to get visa to Vietnam very simple and easy but rarely one know about it. That is getting "Visa approval letter" with code for picking up visa upon arrival Vietnam at international airport (Tan Son Nhat int'l airport in Ho Chi Minh City, Noibai int'l airport in Hanoi Capital city and Danang int'l airport in Danang city). With simple and easy way for getting Vietnamese visa, why you don't take a trip to Vietnam for discovering the hidden charm of Vietnam, a beautiful country and friendly people. 1.At the Airport - Vietnam The Taxi price from the airport to city very depend on the distance from Airport to center of city. City - Airport to City (km) Taxi to City Airport Tax Ha Noi - Noi Bai airport 35 US$ 12 US$ 14 Ho Chi Minh - Tan Son Nhat airport 05 US$ 10 US$ 14 Danang - Danang airport 02 US$ 5 US$ 7 Hue - Phu Bai airport 10 US$ 8 US$ 12 Nha Trang - Cam Ranh airport 30 US$ 12 US$ 12 2.Vietnam Language and Country Vietnam is not a war country, but a peaceful and nice country. After the liberalization and re- unification "Doi Moi" from 1986, Vietnam has become an attractive spot for tourism and business. From North to South of Vietnam, you can feel and see many beautiful differences in topography, history, cultures, and people as well as sightseeing. Looking at a map, Vietnam is located in the center of the Southeast Asia and is shaped like the letter S. it lies on the Indochina Peninsula - the country borders on China, Laos, Cambodia, the East Sea and Pacific Ocean to the east and south with a long coastline of 3,260 km, land area of 330,991 sq. kilometers and the country's total length is 1650 km from the northernmost point to the southernmost. Some great philosophies and religions have shaped the spiritual life of the Vietnamese people. Vietnam natural resources offers unspoiled landscapes, virgin beaches, soaring hills and mountains, peaceful rivers and springs. On the other hand, its long history and distinctive culture serve as additional magnets for first-time and returning visitors alike. Population of Socialist Republic of Viet Nam is more than 80 millions with urban population consisted of about 19.7. There are 54 ethic minority groups inhabiting in Vietnam. The "Kinh" people (or Viet) account for nearly 90% of the population. Major ethic minority groups include the Tay, Thai, Muong, H'mong, Dao and Khmer. Vietnamese language is the main language but English, French, German and Russian can be communicated in major cities. Vietnamese language uses the Latin alphabet! E.g.: Xin chào (hello, good morning) 3.Vietnam Climate & Weather Vietnam has tropical climate, which is characterized by lots of sunshine, high rainfall, humidity with two distinguished seasons in general: the cold and dry one from November to April and the other hot and wet from May to October. The annual average temperature is from 22ºC to 27ºC. But weather usually different between North and South, between land and mountains. 4.Vietnam entry visas Only citizens of certain countries can visit Vietnam without Vietnam entry visa. Those countries include : most citizens of ASEAN countries are no need Vietnam visa for visit Vietnam within 30 days, except Myanmar, Cambodia & Timor Leste; citizens of Korea, Japan & Scandinavians (citizens of Norway, Denmark, Sweden and Finland) are no need Vietnam visa for visiting Vietnam within 15 days if having return tickets. All other citizens are required to get Vietnamese entry visa to Vietnam. From 1 Jan 2009, Russian passport holders are not required visa to ... đông chiến lược PVN thoái vốn xuống BSC RESEARCH Company Update 36%) Tuy nhiên nhận định rủi ro kiểm soát đa phần đội tầu PVT thuê định hạn, nên dòng tiền Hơn nữa, tỷ giá USD/VND thời gian gần.. .BSC RESEARCH Company Update Bổ sung nguồn cầu từ mảng vận tải hàng rời Hiện mảng vận tải hàng rời chiếm khoảng 10% tổng doanh thu vận tải PVT Trong năm 2017, nhà máy PVN góp vốn Thái... hạn 14.55 Đồ thị Đồ thị kỹ thuật PVT BSC RESEARCH Company Update Khuyến cáo sử dụng Bản báo cáo Công ty Cổ phần Chứng khoán Ngân hàng Đầu tư phát triển Việt Nam (BSC) , cung cấp thông tin chung

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