20170425 BSC Vietnam Company Update VN PPC

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20170425 BSC Vietnam Company Update VN PPC

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20170425 BSC Vietnam Company Update VN PPC 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 25/04/2017 Company Update note Nhiệt điện Phả Lại, JSC (Hose) Chúng khuyến nghị Mua với PPC với giá mực tiêu 19.300 đồng/cp Tại BSC RESEARCH Head of research Tran Thang Long 25/4/2017, PPC giao dịch mức giá 17.200 đồng/cp, tương ứng với P/E fw 8.43x, hấp dẫn so với mức trung bình ngành mức khoảng 11x Chúng dự báo năm 2017, PPC đạt doanh thu khoảng 7.277 tỷ đồng (+22%yoy), LNST đạt 648 tỷ (+17%yoy) EPS 2017 đạt 2.038 đồng/cp longtt@bsc.com.vn Equity analyst Chu Tuan Phong phongct@bsc.com.vn Kết kinh doanh quý 1/2017 tăng mạnh Doanh thu đạt 1.475 tỷ, giảm 13% so với kì 2016 Trong quý 1, tổng lượng điện sản xuất khoảng 1.186 triệu kWh, 74% so với kì 2016 Tuy nhiên, nhờ giảm mạnh chi phí tài từ 285 tỷ xuống 196 tỷ (trong lỗ từ chênh lệch tỷ giá giảm mạnh từ 256 tỷ xuống 162 tỷ), LNST tăng mạnh lên 142 tỷ (quý 1/2016 PPC lỗ 157 tỷ) Kế hoạch kinh doanh 2017 Năm 2017, PPC đặt kế hoạch lượng điện sản xuất 5.591 triệu kWh, tăng 7% so với năm 2016, doanh thu đạt 7.171 tỷ (+20%yoy), LNTT đạt 722 tỷ (+17.4% yoy), cổ tức trả 15% tiền mặt Trong năm 2017, sản lượng điện PL1 bán hợp đồng PPA với giá cố định 261 đồng/kWh ( tháng đầu năm 2016, PL1 phải bán với giá CGM thấp hẳn so với giá kí PPA nhà máy hết khấu hao chưa kí PPA mới) Tái cấu trúc khoản nợ vay Yên Đến cuối năm 2016, PPC có dư nợ đồng yên khoảng 21.35 tỷ JPY Trong tháng 2, PPC thực trả trước tỷ JPY với tỷ giá theo tính toán 204 VND/JPY, tài trợ nguồn vốn nhàn rỗi công ty Trong tháng 5/2017, PPC tiếp tục trả tiếp tỷ JPY, giảm dư nợ đồng JPY xuống khoảng tỷ JPY Khoản lại trả hết năm 2018 Việc tái cấu trúc mạnh khoản vay đồng Yên giúp kết kinh doanh PPC ổn định hơn, tránh khoản lỗ tỷ giá trung bình khoảng 200 tỷ năm Rủi ro đẩu tư Nhà máy PL1 hết khấu hao nên hiệu suất sử dụng thấp, tạo khó khăn cho PPC việc xin Qc cho nhà máy khu vực phía bắc Báo cáo có giá trị tham khảo Vui lòng xem miễn trách cuối báo cáo BSC RESEARCH Company Update có phụ tải lớn, nhiều nhà máy điện với giá bán rẻ với PL1 Tháng 5/2017, Genco chủ trì việc đánh giá dự án nâng cấp PL1 (với vốn đầu tư dự toán khoảng 2.000 tỷ) Tuy nhiên không phản ánh tác động vào mô hình định giá chưa có thông tin chi tiết dự án Trong năm 2017 PPC hưởng lợi dự báo El Nino xảy tháng 7/2017 Kế hoạch 2017, PL1 sản xuất 1,914.7 triệu kWh (+15%yoy) (2) 817 tỷ đồng đầu tư vào QTP phải trích lập dự phòng 409 tỷ năm 2015, hoàn nhập 85 tỷ năm 2016 Tuy nhiên dự báo tình hình kinh doanh QTP năm 2017 khăn chênh lệch tỷ giá 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 phân tích Vĩ mô, ngành doanh nghiệp Báo cáo không xây dựng để cung cấp theo yêu cầu tổ chức hay cá nhân riêng lẻ định mua bán, nắm giữ chứng khoán Nhà đầu tư nên sử dụng thông tin, phân tích, bình luận Bản báo cáo nguồn tham khảo trước đưa định đầu tư cho riêng Mọi thông tin, nhận định dự báo quan điểm báo cáo dựa nguồn liệu đáng tin cậy Tuy nhiên Công ty Cổ phần Chứng khoán Ngân hàng đầu tư phát triển Việt Nam (BSC) không đảm bảo nguồn thông tin hoàn toàn xác không chịu trách nhiệm tính xác thông tin đề cập đến báo cáo này, không chịu trách nhiệm thiệt hại việc sử dụng toàn hay phần nội dung báo cáo Mọi quan điểm nhận định đề cập báo cáo dựa cân nhắc cẩn trọng, công minh hợp lý Tuy nhiên quan điểm, nhận định thay đổi mà không cần báo trước Bản báo cáo có quyền tài sản Công ty Cổ phần Chứng khoán Ngân hàng Đầu tư Phát triển Việt Nam (BSC) Mọi hành vi chép, sửa đổi, in ấn mà đồng ý BSC trái luật Bất kỳ nội dung tài liệu không (i) chụp hay nhân hình thức hay phương thức (ii) cung cấp không chấp thuận Công ty Cổ phần Chứng khoán BIDV BSC Trụ sở Tầng 10 & 11 Tháp BIDV 35 Hàng Vôi, Hoàn Kiếm, Hà Nội Tel: Fax: +84 3935 2722 +84 2220 0669 BSC Chi nhánh Hồ Chí Minh Tầng Tòa nhà 146 Nguyễn Công Trứ Quận 1, Tp Hồ Chí Minh Tel: Fax: +84 3821 8885 +84 3821 8510 https://www.bsc.com.vn https://www.facebook.com/BIDVSecurities Bloomberg: BSCV 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 ... QTP năm 2017 khăn chênh lệch tỷ giá 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 phân.. .BSC RESEARCH Company Update có phụ tải lớn, nhiều nhà máy điện với giá bán rẻ với PL1 Tháng 5/2017, Genco... Tp Hồ Chí Minh Tel: Fax: +84 3821 8885 +84 3821 8510 https://www .bsc. com .vn https://www.facebook.com/BIDVSecurities Bloomberg: BSCV

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