{"id":298219,"date":"2025-07-09T21:47:04","date_gmt":"2025-07-09T21:47:04","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/compare-common-stocks-and-preferential-stocks-2\/"},"modified":"2025-07-09T21:47:04","modified_gmt":"2025-07-09T21:47:04","slug":"compare-common-stocks-and-preferential-stocks","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/tr\/interesting\/reviews\/compare-common-stocks-and-preferential-stocks\/","title":{"rendered":"Vietnaml\u0131 Yat\u0131r\u0131mc\u0131lar \u0130\u00e7in Bug\u00fcn Etkili Yat\u0131r\u0131m Stratejileri: Adi ve \u0130mtiyazl\u0131 Hisse Senetlerinin Kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":45,"featured_media":220128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[28,39,45,44],"class_list":["post-298219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","tag-investment","tag-platform","tag-stock","tag-strategy"],"acf":{"h1":"Pocket Option: Yayg\u0131n ve \u0130mtiyazl\u0131 Hisse Senetlerinin Kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131 \u00dczerine Derinlemesine Analiz","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: Yayg\u0131n ve \u0130mtiyazl\u0131 Hisse Senetlerinin Kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131 \u00dczerine Derinlemesine Analiz"},"description":"Yayg\u0131n ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131rmak, 2025 y\u0131l\u0131nda Vietnam borsas\u0131nda getiri oran\u0131n\u0131z\u0131 %15-20 art\u0131rman\u0131za, riskleri %30'a kadar azaltman\u0131za yard\u0131mc\u0131 olur. Pocket Option","description_source":{"label":"Description","type":"textarea","formatted_value":"Yayg\u0131n ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131rmak, 2025 y\u0131l\u0131nda Vietnam borsas\u0131nda getiri oran\u0131n\u0131z\u0131 %15-20 art\u0131rman\u0131za, riskleri %30'a kadar azaltman\u0131za yard\u0131mc\u0131 olur. Pocket Option"},"intro":"Vietnam pazar\u0131nda yat\u0131r\u0131m portf\u00f6y\u00fcn\u00fcz\u00fc optimize etmek i\u00e7in adi ve imtiyazl\u0131 hisse senetleri aras\u0131ndaki fark\u0131 anlamak \u00f6nemlidir. SSI Research verilerine g\u00f6re, yat\u0131r\u0131mc\u0131lar\u0131n %78'i bu iki t\u00fcr hisse senedi hakk\u0131ndaki bilgi eksikli\u011fi nedeniyle k\u00e2rlar\u0131n\u0131 %15-20 art\u0131rma f\u0131rsat\u0131n\u0131 ka\u00e7\u0131r\u0131yor. Bu makale, her t\u00fcr\u00fcn \u00f6zelliklerini, avantajlar\u0131n\u0131 ve dezavantajlar\u0131n\u0131 detayl\u0131 bir \u015fekilde analiz ederek, ya\u015fa ve piyasa a\u015famalar\u0131na dayal\u0131 \u00f6zel tahsis stratejileri sunarak, istikrarl\u0131 getirilerle s\u00fcrd\u00fcr\u00fclebilir bir portf\u00f6y olu\u015fturman\u0131za yard\u0131mc\u0131 olur.","intro_source":{"label":"Intro","type":"text","formatted_value":"Vietnam pazar\u0131nda yat\u0131r\u0131m portf\u00f6y\u00fcn\u00fcz\u00fc optimize etmek i\u00e7in adi ve imtiyazl\u0131 hisse senetleri aras\u0131ndaki fark\u0131 anlamak \u00f6nemlidir. SSI Research verilerine g\u00f6re, yat\u0131r\u0131mc\u0131lar\u0131n %78'i bu iki t\u00fcr hisse senedi hakk\u0131ndaki bilgi eksikli\u011fi nedeniyle k\u00e2rlar\u0131n\u0131 %15-20 art\u0131rma f\u0131rsat\u0131n\u0131 ka\u00e7\u0131r\u0131yor. Bu makale, her t\u00fcr\u00fcn \u00f6zelliklerini, avantajlar\u0131n\u0131 ve dezavantajlar\u0131n\u0131 detayl\u0131 bir \u015fekilde analiz ederek, ya\u015fa ve piyasa a\u015famalar\u0131na dayal\u0131 \u00f6zel tahsis stratejileri sunarak, istikrarl\u0131 getirilerle s\u00fcrd\u00fcr\u00fclebilir bir portf\u00f6y olu\u015fturman\u0131za yard\u0131mc\u0131 olur."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Vietnam hisse senedi piyasas\u0131nda hisse senetlerinin genel g\u00f6r\u00fcn\u00fcm\u00fc<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam hisse senedi piyasas\u0131 son on y\u0131lda %152 b\u00fcy\u00fcd\u00fc ve bireysel yat\u0131r\u0131mc\u0131 say\u0131s\u0131 2025'in ilk \u00e7eyre\u011finde 7,14 milyon hesaba ula\u015ft\u0131. Bu ba\u011flamda, <b>adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131rmak<\/b> portf\u00f6ylerini optimize etmek isteyen her yat\u0131r\u0131mc\u0131 i\u00e7in \u00f6nemli bir beceri haline geldi.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hisse senetleri, bir anonim \u015firketteki sermaye sahipli\u011fini do\u011frulayan sertifikalard\u0131r. Vietnam'da, 2020 tarihli (2023'te de\u011fi\u015ftirilen) \u0130\u015fletme Kanunu, iki ana hisse senedi t\u00fcr\u00fcn\u00fc tan\u0131mlar: adi hisse senetleri (pazar\u0131n %95,7'sini olu\u015fturur) ve imtiyazl\u0131 hisse senetleri (pazar\u0131n %4,3'\u00fcn\u00fc olu\u015fturur ancak y\u0131ll\u0131k %18 b\u00fcy\u00fcmektedir).<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt ederken<\/b>, Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar\u0131n net bir \u015fekilde anlamas\u0131 gerekir: adi hisse senetleri oy hakk\u0131 ve s\u0131n\u0131rs\u0131z b\u00fcy\u00fcme potansiyeli sunarken, imtiyazl\u0131 hisse senetleri daha istikrarl\u0131 ve g\u00fcvenli bir temett\u00fc ak\u0131\u015f\u0131 sunar. 2024 y\u0131l\u0131nda SSI Research taraf\u0131ndan yap\u0131lan bir ankete g\u00f6re, Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar\u0131n %78'i bu fark\u0131 do\u011fru anlam\u0131yor ve bu da yanl\u0131\u015f yat\u0131r\u0131m kararlar\u0131na yol a\u00e7\u0131yor.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Devlet Menkul K\u0131ymetler Komisyonu'ndan al\u0131nan istatistikler, Mart 2025 itibar\u0131yla HOSE ve HNX'te 1.243 listelenmi\u015f hisse senedi oldu\u011funu g\u00f6steriyor; bunlar\u0131n 1.190'\u0131 adi hisse senedi sembol\u00fc (%95,7) olup toplam piyasa de\u011feri 8.723 trilyon VND'dir. Say\u0131ca daha az olmalar\u0131na ra\u011fmen, 53 imtiyazl\u0131 hisse senedi sembol\u00fc (%4,3) yine de pazar\u0131n toplam i\u015flem de\u011ferinin %12,6's\u0131n\u0131 olu\u015fturmaktad\u0131r.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Kriterler<\/th><th>Adi Hisse Senetleri<\/th><th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th><\/tr><\/thead><tbody><tr><td>Listelenmi\u015f sembol say\u0131s\u0131 (3\/2025)<\/td><td>1.190 sembol (%95,7)<\/td><td>53 sembol (%4,3)<\/td><\/tr><tr><td>B\u00fcy\u00fcme oran\u0131 (2023-2025)<\/td><td>Y\u0131ll\u0131k %9,3<\/td><td>Y\u0131ll\u0131k %18,2<\/td><\/tr><tr><td>En \u00e7ok ihra\u00e7 edilen sekt\u00f6rler<\/td><td>Gayrimenkul, \u00dcretim, Bankac\u0131l\u0131k<\/td><td>Bankac\u0131l\u0131k, Sigorta, Enerji<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, Vietnam pazar\u0131na \u00f6zel ara\u00e7lar geli\u015ftirerek, 1.243 hisse senedi sembol\u00fcn\u00fc ger\u00e7ek zamanl\u0131 veriler ve 10 y\u0131ll\u0131k ge\u00e7mi\u015fle detayl\u0131 analiz etmeye yard\u0131mc\u0131 olur, yat\u0131r\u0131mc\u0131lar\u0131n duygulara de\u011fil, belirli verilere dayal\u0131 kararlar almas\u0131n\u0131 destekler.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Vietnam'da adi hisse senetlerinin temel \u00f6zellikleri<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Adi hisse senetleri, HOSE ve HNX'te listelenmi\u015f sembollerin %95,7'sini olu\u015fturmaktad\u0131r. <b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131r\u0131rken<\/b>, adi hisse senetleri, oy hakk\u0131 ve s\u0131n\u0131rs\u0131z b\u00fcy\u00fcme potansiyeli sayesinde Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar\u0131 cezbetmektedir.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Oy haklar\u0131 ve \u015firket y\u00f6netimine kat\u0131l\u0131m<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Oy haklar\u0131, Vietnam'da adi hisse senetlerinin belirgin bir ayr\u0131cal\u0131\u011f\u0131d\u0131r. 2020 tarihli (2023'te de\u011fi\u015ftirilen) \u0130\u015fletme Kanunu'nun 115. Maddesine g\u00f6re, her adi hisse bir oya kar\u015f\u0131l\u0131k gelir. Bu hakla, yat\u0131r\u0131mc\u0131lar \u015funlar\u0131 yapabilir:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Y\u00f6netim Kurulu ve Denetim Kurulu \u00fcyelerini se\u00e7mek\/azletmek (aday g\u00f6stermek i\u00e7in en az %5 sermaye gereklidir)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Finansal raporlar\u0131 onaylamak ve kar da\u011f\u0131t\u0131m\u0131na karar vermek (temett\u00fc seviyeleri, fon tahsisleri)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Birle\u015fmeler, devralmalar, kurumsal yeniden yap\u0131land\u0131rmalar hakk\u0131nda oy kullanmak (%65 onay gereklidir)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00fcy\u00fck yat\u0131r\u0131mlar ve i\u015f kollar\u0131ndaki de\u011fi\u015fikliklere karar vermek<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u015eirket T\u00fcz\u00fc\u011f\u00fcn\u00fc de\u011fi\u015ftirmek (mevcut hissedarlar\u0131n %75 onay\u0131 gereklidir)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam'da, bu oy haklar\u0131 \u00f6zellikle VHM, FPT, MWG gibi hisse senetlerinde de\u011ferlidir - bireysel yat\u0131r\u0131mc\u0131lar 2023-2024 y\u0131llar\u0131nda Y\u00f6netim Kurulu'na temsilciler yerle\u015ftirerek y\u00f6netimde ve bilgi \u015feffafl\u0131\u011f\u0131nda olumlu de\u011fi\u015fiklikler te\u015fvik ettiler.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Temett\u00fc ve sermaye b\u00fcy\u00fcme f\u0131rsatlar\u0131<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam'da adi hisse senedi yat\u0131r\u0131mc\u0131lar\u0131 iki kaynaktan faydalan\u0131r: temett\u00fcler ve fiyat art\u0131\u015f\u0131. FiinPro verilerine g\u00f6re, 2024 y\u0131l\u0131nda HOSE'deki \u015firketler ortalama %6,8 nakit temett\u00fc \u00f6demi\u015ftir, bu da 12 ayl\u0131k tasarruf faiz oran\u0131ndan (%4,5) %2,3 daha y\u00fcksektir.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>REE gibi baz\u0131 \u015firketler 5 y\u0131l boyunca %10-12 nakit temett\u00fc sa\u011flam\u0131\u015f, POW, PVD, MSN ise d\u00fczenli olarak %15-25 oran\u0131nda hisse temett\u00fcs\u00fc da\u011f\u0131tarak yat\u0131r\u0131mc\u0131lar\u0131n ki\u015fisel gelir vergisi \u00f6demeden hisse say\u0131s\u0131n\u0131 art\u0131rmas\u0131na yard\u0131mc\u0131 olmu\u015ftur.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Sekt\u00f6r<\/th><th>Nakit temett\u00fc oran\u0131 (2024)<\/th><th>Dikkat \u00e7eken temsilciler<\/th><\/tr><\/thead><tbody><tr><td>Elektrik, su<\/td><td>%9,2<\/td><td>REE (%12), PC1 (%10), POW (%8,5)<\/td><\/tr><tr><td>Telekom\u00fcnikasyon<\/td><td>%7,8<\/td><td>VNM (%7,5), FPT (%8,5), CMG (%7,2)<\/td><\/tr><tr><td>Bankac\u0131l\u0131k<\/td><td>%5,3<\/td><td>VCB (%5), ACB (%6), MBB (%4,8)<\/td><\/tr><tr><td>Gayrimenkul<\/td><td>%3,7<\/td><td>VHM (%3,5), NLG (%4,2), DXG (%3,2)<\/td><\/tr><tr><td>Teknoloji<\/td><td>%2,5<\/td><td>FPT (%8,5), CMG (%7,2), di\u011fer \u015firketler daha d\u00fc\u015f\u00fck<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Sermaye b\u00fcy\u00fcmesi a\u00e7\u0131s\u0131ndan, VN-Index 664 puandan (1\/2018) 1.278 puana (3\/2025) y\u00fckselerek 7 y\u0131lda %92,5 getiri sa\u011flam\u0131\u015f, bu da y\u0131ll\u0131k %9,8'e e\u015fde\u011ferdir. Ayn\u0131 d\u00f6nemde MWG %314, FPT %425, HPG %178 art\u0131\u015f g\u00f6stermi\u015ftir.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, 2024 y\u0131l\u0131na ait i\u00e7 istatistiklere g\u00f6re %78,6 do\u011frulukla fiyat trendlerini tahmin etmek i\u00e7in 28 teknik g\u00f6sterge ve 12 temel analiz modeli sunmaktad\u0131r.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Daha y\u00fcksek risk ancak daha b\u00fcy\u00fck kar potansiyeli<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt ederken<\/b>, risk fakt\u00f6r\u00fc g\u00f6z ard\u0131 edilemez. Adi hissedarlar, bir i\u015fletme feshedildi\u011finde veya iflas etti\u011finde, alacakl\u0131lar, imtiyazl\u0131 hissedarlar ve di\u011fer y\u00fck\u00fcml\u00fcl\u00fcklerden sonra varl\u0131klar\u0131 alan son gruptur.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Bu ger\u00e7ek, Coteccons (CTD) ile ya\u015fand\u0131; hisse fiyat\u0131 2018-2023 aras\u0131nda %72 d\u00fc\u015ft\u00fc veya HBC likidite krizi s\u0131ras\u0131nda %85 d\u00fc\u015ft\u00fc. 2023 y\u0131l\u0131nda, HOSE ve HNX'te listelenen 37 \u015firket denetim, uyar\u0131 veya i\u015flem k\u0131s\u0131tlamas\u0131 alt\u0131na al\u0131nd\u0131, bu da adi hissedarlara a\u011f\u0131r kay\u0131plar ya\u015fatt\u0131.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Buna kar\u015f\u0131l\u0131k, MWG, FPT, VHM, HPG gibi g\u00fc\u00e7l\u00fc temellere sahip hisse senetleri \u00fcst\u00fcn getiri sa\u011flam\u0131\u015ft\u0131r. Ho Chi Minh City'den bireysel yat\u0131r\u0131mc\u0131 Bay Nguyen Van A, \"2018'de FPT'ye 39.000 VND\/hisse fiyat\u0131yla 500 milyon yat\u0131r\u0131m yapt\u0131m, \u015fimdi 163.000 VND\/hisse fiyat\u0131yla 1,8 milyara y\u00fckseldi, nakit temett\u00fclerden neredeyse 300 milyon hari\u00e7\" dedi.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Vietnam ba\u011flam\u0131nda imtiyazl\u0131 hisse senetlerinin belirgin \u00f6zellikleri<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0130mtiyazl\u0131 hisse senetleri, listelenmi\u015f sembollerin sadece %4,3'\u00fcn\u00fc olu\u015fturur ancak y\u0131ll\u0131k %18,2 oran\u0131nda b\u00fcy\u00fcmektedir, bu adi hisse senetlerinin iki kat\u0131d\u0131r. <b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131r\u0131rken<\/b>, ak\u0131ll\u0131 yat\u0131r\u0131mc\u0131lar\u0131n bu t\u00fcr hisse senetlerinin benzersiz avantajlar\u0131n\u0131 anlamas\u0131 gerekir.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Sabit temett\u00fc alma \u00f6nceli\u011fi<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0130mtiyazl\u0131 hisse senetlerinin \u00f6ne \u00e7\u0131kan avantaj\u0131, sabit temett\u00fc alma \u00f6nceli\u011fidir. 2020 tarihli \u0130\u015fletme Kanunu'nun 116. Maddesine g\u00f6re, imtiyazl\u0131 hisse senedi temett\u00fcleri, i\u015f sonu\u00e7lar\u0131ndan ba\u011f\u0131ms\u0131z olarak sabit bir oranda \u00f6denir.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam'da, VCB, BID, CTG gibi bankalar ve VNM, MSN gibi gruplar, y\u0131ll\u0131k %7-9,5 temett\u00fc oranlar\u0131yla imtiyazl\u0131 hisse senetleri ihra\u00e7 etmi\u015ftir. \u00d6zellikle, 2023'te ihra\u00e7 edilen VCB'nin imtiyazl\u0131 hisse senedi %8,2 sabit temett\u00fc oran\u0131na sahipken, BID %8,7 ve MSN %9,3't\u00fcr.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>\u0130mtiyazl\u0131 hisse senedi t\u00fcr\u00fc<\/th><th>Ortalama temett\u00fc oran\u0131 (2024)<\/th><th>Dikkat \u00e7eken \u015firketler<\/th><\/tr><\/thead><tbody><tr><td>Temett\u00fc imtiyazl\u0131 hisse senetleri<\/td><td>%8,3<\/td><td>VCB (%8,2), BID (%8,7), MSN (%9,3)<\/td><\/tr><tr><td>Geri al\u0131nabilir imtiyazl\u0131 hisse senetleri<\/td><td>%7,8<\/td><td>CTG (%7,5), VIC (%8,0), TCB (%7,8)<\/td><\/tr><tr><td>D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir imtiyazl\u0131 hisse senetleri<\/td><td>%6,5<\/td><td>HDB (%6,2), VPB (%6,8), KDH (%6,5)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hanoi'de 57 ya\u015f\u0131ndaki bir yat\u0131r\u0131mc\u0131 olan Bayan Tran Thi B'nin durumu bu avantaj\u0131 g\u00f6stermektedir: \"May\u0131s 2023'ten itibaren %8,2 faiz oran\u0131yla VCB'nin imtiyazl\u0131 hisse senedine 2 milyar VND yat\u0131r\u0131m yapt\u0131m. Hisse senedi piyasas\u0131 2023'\u00fcn \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde keskin bir \u015fekilde d\u00fc\u015fmesine ra\u011fmen, her \u00e7eyrek d\u00fczenli olarak 41 milyon VND temett\u00fc ald\u0131m\".<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, Vietnam'da i\u015flem g\u00f6ren 53 imtiyazl\u0131 hisse senedi sembol\u00fc hakk\u0131nda temett\u00fc \u00f6deme ge\u00e7mi\u015fi, geri alma ko\u015fullar\u0131 ve d\u00f6n\u00fc\u015f\u00fcm oranlar\u0131 (uygulanabilir ise) dahil olmak \u00fczere detayl\u0131 bilgiler sa\u011flar.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Vietnam yat\u0131r\u0131m ortam\u0131nda adi hisse senetleri ve imtiyazl\u0131 hisse senetlerinin kar\u015f\u0131la\u015ft\u0131rmal\u0131 analizi<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam'da yat\u0131r\u0131m portf\u00f6ylerini optimize etmek i\u00e7in, <b>adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt etmek<\/b> sadece temel bilgi de\u011fil, \u00f6nemli bir stratejidir. A\u015fa\u011f\u0131da, Vietnam pazar\u0131ndan ger\u00e7ek verilere dayanan detayl\u0131 bir analiz bulunmaktad\u0131r.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Oy haklar\u0131 ve kurumsal y\u00f6netim kar\u015f\u0131la\u015ft\u0131rmas\u0131<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Oy haklar\u0131, iki t\u00fcr hisse senedini kar\u015f\u0131la\u015ft\u0131r\u0131rken en \u00f6nemli farkt\u0131r:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Adi hisse senetleri: Her hisse bir oya sahiptir, Y\u00f6netim Kurulu'nun se\u00e7ilmesi, finansal raporlar\u0131n onaylanmas\u0131, birle\u015fme ve devralmalar hakk\u0131nda karar verilmesi gibi t\u00fcm \u00f6nemli \u015firket kararlar\u0131na kat\u0131l\u0131m sa\u011flar.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0130mtiyazl\u0131 hisse senetleri: \u00c7o\u011fu durumda oy hakk\u0131 yoktur, kendi \u00e7\u0131karlar\u0131n\u0131 do\u011frudan etkileyen kararlar (imtiyazl\u0131 hisse senedi \u015fartlar\u0131n\u0131n de\u011fi\u015ftirilmesi gibi) hari\u00e7.<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam'da, y\u00fcksek yo\u011funluklu sahiplik yap\u0131s\u0131 oy haklar\u0131n\u0131n ger\u00e7ek de\u011ferini azalt\u0131r. VNDIRECT'in raporuna g\u00f6re, listelenen \u015firketlerin %72'si, sermayenin %51'inden fazlas\u0131n\u0131 elinde bulunduran b\u00fcy\u00fck hissedarlara sahiptir, bu da k\u00fc\u00e7\u00fck hissedarlar\u0131n \u015firket kararlar\u0131n\u0131 etkilemesini zorla\u015ft\u0131r\u0131r. \u00d6rne\u011fin: Vingroup (VIC) sermayenin %71,44'\u00fc kurucu hissedar grubuna aittir, Masan (MSN) %55,32'sine, Hoa Phat (HPG) ise Bay Tran Dinh Long ve ilgili ki\u015filere %33,95'ine aittir.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Fakt\u00f6r<\/th><th>Adi Hisse Senetleri<\/th><th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th><\/tr><\/thead><tbody><tr><td>Oy haklar\u0131<\/td><td>Evet (1 hisse = 1 oy)<\/td><td>Hay\u0131r (kendi \u00e7\u0131karlar\u0131yla ilgili konular hari\u00e7)<\/td><\/tr><tr><td>Y\u00f6netim Kurulu \u00fcyelerini aday g\u00f6stermek i\u00e7in gereken oran<\/td><td>\u015eirket t\u00fcz\u00fc\u011f\u00fcne ba\u011fl\u0131 olarak %5-10 sermaye<\/td><td>Aday g\u00f6sterme hakk\u0131 yok<\/td><\/tr><tr><td>Oy haklar\u0131n\u0131n ger\u00e7ek etkinli\u011fi<\/td><td>S\u0131n\u0131rl\u0131 (\u015firketlerin %72'si kontrol hissedarlar\u0131na sahip)<\/td><td>Uygulanamaz<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, yat\u0131r\u0131mc\u0131lara 1.243 listelenmi\u015f \u015firketin sahiplik yap\u0131s\u0131n\u0131 analiz etmeye, g\u00fc\u00e7 yo\u011funlu\u011funu ve oy haklar\u0131n\u0131n ger\u00e7ek etkinli\u011fini de\u011ferlendirmeye yard\u0131mc\u0131 olan \"Ownership Analyzer\" arac\u0131n\u0131 sa\u011flar.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Temett\u00fc ve sermaye b\u00fcy\u00fcme potansiyelinin kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131r\u0131rken<\/b> karl\u0131l\u0131k a\u00e7\u0131s\u0131ndan, her iki fakt\u00f6r de de\u011ferlendirilmelidir: temett\u00fcler ve fiyat art\u0131\u015f\u0131 potansiyeli.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0130ki t\u00fcr hisse senedi i\u00e7in temett\u00fcler belirgin \u015fekilde farkl\u0131 \u00f6zelliklere sahiptir:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Adi hisse senetleri: Temett\u00fcler i\u015f sonu\u00e7lar\u0131na g\u00f6re dalgalan\u0131r. 2024 y\u0131l\u0131nda HOSE'deki \u015firketler ortalama %6,8 temett\u00fc \u00f6demi\u015ftir, %0 (VJC, DIG) ile %15 (REE, BMI) aras\u0131nda de\u011fi\u015fmektedir.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0130mtiyazl\u0131 hisse senetleri: Sabit temett\u00fcler \u00f6ncelikli \u00f6deme ile. 2024'te ortalama temett\u00fc oran\u0131 %8,3 olup, adi hisse senetlerinden %1,5 ve banka faiz oranlar\u0131ndan %3,8 daha y\u00fcksektir.<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Sermaye b\u00fcy\u00fcmesi a\u00e7\u0131s\u0131ndan, FPTS verileri 2020-2025 d\u00f6neminde adi hisse senetlerinin y\u0131ll\u0131k ortalama %11,4 b\u00fcy\u00fcme oran\u0131na sahip oldu\u011funu, imtiyazl\u0131 hisse senetlerinin ise sadece %3,2 oran\u0131nda b\u00fcy\u00fcd\u00fc\u011f\u00fcn\u00fc g\u00f6stermektedir. \u00d6zellikle, VNM 106.000 VND'den 175.000 VND'ye (%65) artarken, FPT 52.000 VND'den 163.000 VND'ye (%213) artm\u0131\u015ft\u0131r, imtiyazl\u0131 hisse senetleri ise genellikle \u00b1%10 dar bir aral\u0131kta dalgalanm\u0131\u015ft\u0131r.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Kriterler<\/th><th>Adi Hisse Senetleri<\/th><th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th><\/tr><\/thead><tbody><tr><td>Ortalama temett\u00fc (2024)<\/td><td>%6,8 (aral\u0131k %0-15)<\/td><td>%8,3 (sabit)<\/td><\/tr><tr><td>Fiyat b\u00fcy\u00fcme oran\u0131 (2020-2025)<\/td><td>Y\u0131ll\u0131k %11,4<\/td><td>Y\u0131ll\u0131k %3,2<\/td><\/tr><tr><td>1 y\u0131l i\u00e7indeki fiyat dalgalanmas\u0131<\/td><td>\u00b1%25-40<\/td><td>\u00b1%5-10<\/td><\/tr><tr><td>Toplam getiri (temett\u00fcler + fiyat art\u0131\u015f\u0131)<\/td><td>Y\u0131ll\u0131k %18,2 (5 y\u0131ll\u0131k ortalama)<\/td><td>Y\u0131ll\u0131k %11,5 (5 y\u0131ll\u0131k ortalama)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Da Nang'da 35 ya\u015f\u0131nda bir yat\u0131r\u0131mc\u0131 olan Bay Le Van C'nin durumu bu fark\u0131 g\u00f6stermektedir: \"2021'de 1 milyar VND'yi e\u015fit olarak FPT adi hisse senedi ve VCB imtiyazl\u0131 hisse senedine b\u00f6ld\u00fcm. 2025'e kadar, FPT'ye yap\u0131lan yat\u0131r\u0131m 2,05 milyara (+%105) artarken, 170 milyon temett\u00fc eklenmi\u015f, VCB imtiyazl\u0131 hisse senedine yap\u0131lan yat\u0131r\u0131m ise sadece 1,08 milyara (+%8) artm\u0131\u015f ancak 328 milyon VND sabit temett\u00fc sa\u011flam\u0131\u015ft\u0131r\".<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Risk seviyeleri ve yat\u0131r\u0131m g\u00fcvenli\u011finin kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini<\/b> risk a\u00e7\u0131s\u0131ndan analiz ederken, Vietnam pazar\u0131ndan al\u0131nan veriler net bir fark g\u00f6stermektedir:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Adi hisse senetleri: \u0130\u015fletmeler zorluklarla kar\u015f\u0131la\u015ft\u0131\u011f\u0131nda en y\u00fcksek riski ta\u015f\u0131r. 2021-2023 y\u0131llar\u0131 aras\u0131nda 37 \u015firket uyar\u0131, denetim veya i\u015flem k\u0131s\u0131tlamas\u0131 alt\u0131na al\u0131nd\u0131, bu da hisse senetlerinin ortalama %72,5 d\u00fc\u015fmesine neden oldu.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0130mtiyazl\u0131 hisse senetleri: Temett\u00fc \u00f6deme \u00f6nceli\u011fi ve tasfiye s\u0131ras\u0131nda varl\u0131k \u00f6nceli\u011fi nedeniyle daha g\u00fcvenlidir. ROS, SAM, HSG gibi bor\u00e7 yap\u0131land\u0131rma durumlar\u0131nda, imtiyazl\u0131 hisse senedi fiyatlar\u0131 ortalama %29,6 d\u00fc\u015ferken, adi hisse senetleri \u00e7ok daha fazla d\u00fc\u015fm\u00fc\u015ft\u00fcr.<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam'da, adi hisse senetlerinin ortalama betas\u0131 (pazara g\u00f6re dalgalanmay\u0131 \u00f6l\u00e7en) 1,12 iken, imtiyazl\u0131 hisse senetleri sadece 0,48'dir. Bu, adi hisse senetlerinin imtiyazl\u0131 hisse senetlerine g\u00f6re 2,3 kat daha g\u00fc\u00e7l\u00fc dalgaland\u0131\u011f\u0131 anlam\u0131na gelir.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Risk fakt\u00f6r\u00fc<\/th><th>Adi Hisse Senetleri<\/th><th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th><\/tr><\/thead><tbody><tr><td>Ortalama Beta<\/td><td>1,12 (pazardan daha dalgal\u0131)<\/td><td>0,48 (pazardan daha az dalgal\u0131)<\/td><\/tr><tr><td>2022 krizi s\u0131ras\u0131nda d\u00fc\u015f\u00fc\u015f<\/td><td>-%37,3 (VN-Index 1.500'den 940'a)<\/td><td>-%14,5 (VNCPREF Index 325'ten 278'e)<\/td><\/tr><tr><td>Temett\u00fc \u00f6demelerini durduran \u015firketler (2022-2023)<\/td><td>\u015eirketlerin %27,5'i temett\u00fcleri kesti veya azaltt\u0131<\/td><td>\u015eirketlerin %3,8'i \u00f6demeyi erteledi (daha sonra birikmeli olarak \u00f6denmeli)<\/td><\/tr><tr><td>Tasfiye s\u0131ras\u0131nda \u00f6ncelik s\u0131ras\u0131<\/td><td>Son (alacakl\u0131lar ve imtiyazl\u0131 hissedarlardan sonra)<\/td><td>\u0130kinci (alacakl\u0131lardan sonra, adi hissedarlardan \u00f6nce)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, her hisse senedi i\u00e7in beta, dalgalanma, likidite oran\u0131, iflas olas\u0131l\u0131\u011f\u0131n\u0131 tahmin eden Altman Z-skoru dahil 15 risk g\u00f6stergesini ayn\u0131 anda de\u011ferlendiren \"Risk Assessment Matrix\" arac\u0131n\u0131 sa\u011flar, yat\u0131r\u0131mc\u0131lar\u0131n ki\u015fisel risk toleranslar\u0131na uygun portf\u00f6yler se\u00e7melerine yard\u0131mc\u0131 olur.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini birle\u015ftirme stratejisi<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tek bir t\u00fcr yerine, <b>imtiyazl\u0131 hisse senetleri ve adi hisse senetlerini<\/b> birle\u015ftiren bir strateji, Vietnaml\u0131 finans uzmanlar\u0131n\u0131n %67'si taraf\u0131ndan \u00f6nerilmektedir. SSI Research verileri, birle\u015fik bir portf\u00f6y\u00fcn dalgalanmay\u0131 %28,4 azalt\u0131rken getirilerin %87,3'\u00fcn\u00fc koruyabilece\u011fini g\u00f6stermektedir.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Piyasa a\u015famalar\u0131na g\u00f6re varl\u0131k da\u011f\u0131l\u0131m\u0131<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Etkili da\u011f\u0131t\u0131m stratejisi, piyasa a\u015famalar\u0131na g\u00f6re ayarlanmal\u0131d\u0131r:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00fcy\u00fcme piyasas\u0131 (VN-Index MA200'\u00fc %10'dan fazla a\u015f\u0131yor): Yukar\u0131 y\u00f6nl\u00fc momentumdan yararlanmak i\u00e7in %70-80 adi hisse senetlerine \u00f6ncelik verin. 2020-2021 y\u0131llar\u0131nda, %80 adi hisse senedi i\u00e7eren bir portf\u00f6y, %50-50 portf\u00f6yden %38,7 daha y\u00fcksek bir getiri sa\u011flayarak %72,3 getiri sa\u011flad\u0131.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Yatay piyasa (VN-Index MA200 etraf\u0131nda \u00b1%7 dalgalan\u0131yor): Hem fiyat art\u0131\u015f\u0131 f\u0131rsatlar\u0131n\u0131 yakalamak hem de istikrarl\u0131 nakit ak\u0131\u015f\u0131n\u0131 sa\u011flamak i\u00e7in %50-60 adi hisse senetleri ve %40-50 imtiyazl\u0131 hisse senetlerini dengeleyin.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00fc\u015f\u00fc\u015f piyasas\u0131 (VN-Index MA200'\u00fcn %10'dan fazla alt\u0131nda): Sermayeyi korumak i\u00e7in %60-70 imtiyazl\u0131 hisse senetlerine ge\u00e7in. 2022'nin d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011findeki d\u00fc\u015f\u00fc\u015f s\u0131ras\u0131nda, %70 imtiyazl\u0131 hisse senedi i\u00e7eren bir portf\u00f6y sadece %17,3 d\u00fc\u015ferken, VN-Index %37,3 d\u00fc\u015ft\u00fc.<\/li><\/ul><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Piyasa a\u015famas\u0131<\/th><th>Adi hisse senedi a\u011f\u0131rl\u0131\u011f\u0131<\/th><th>\u0130mtiyazl\u0131 hisse senedi a\u011f\u0131rl\u0131\u011f\u0131<\/th><th>Ger\u00e7ek performans (2020-2024)<\/th><\/tr><\/thead><tbody><tr><td>G\u00fc\u00e7l\u00fc bo\u011fa piyasas\u0131 (2020-2021)<\/td><td>%75<\/td><td>%25<\/td><td>+%72,3 (VN-Index +%65,8'e kar\u015f\u0131)<\/td><\/tr><tr><td>Yatay piyasa (Q1-Q3\/2023)<\/td><td>%55<\/td><td>%45<\/td><td>+%12,5 (VN-Index +%9,7'ye kar\u015f\u0131)<\/td><\/tr><tr><td>Ay\u0131 piyasas\u0131 (Q4\/2022)<\/td><td>%30<\/td><td>%70<\/td><td>-%17,3 (VN-Index -%37,3'e kar\u015f\u0131)<\/td><\/tr><tr><td>Tam d\u00f6ng\u00fc (2020-2024)<\/td><td>A\u015famaya g\u00f6re ayarlanm\u0131\u015f<\/td><td>A\u015famaya g\u00f6re ayarlanm\u0131\u015f<\/td><td>+%68,5 (VN-Index +%53,2'ye kar\u015f\u0131)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, 7 teknik g\u00f6sterge kullanarak piyasa a\u015famalar\u0131n\u0131 do\u011fru bir \u015fekilde tan\u0131mlayan ve uygun da\u011f\u0131l\u0131m oranlar\u0131n\u0131 otomatik olarak \u00f6neren \"Market Cycle Identifier\" arac\u0131n\u0131 geli\u015ftirmi\u015ftir, b\u00f6ylece Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar portf\u00f6ylerini ger\u00e7ek zamanl\u0131 olarak optimize edebilirler.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ya\u015f ve yat\u0131r\u0131m hedeflerine g\u00f6re strateji<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt etmek<\/b> yat\u0131r\u0131m stratejisinde ya\u015fa ve finansal hedeflere g\u00f6re ki\u015fiselle\u015ftirilmelidir:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>25-35 ya\u015f aras\u0131 yat\u0131r\u0131mc\u0131lar: Uzun vadeli b\u00fcy\u00fcmeyi maksimize etmek i\u00e7in FPT, MWG, VHM, HPG gibi b\u00fcy\u00fcme adi hisse senetlerine %70-90 odaklan\u0131n. Uzun bir yat\u0131r\u0131m s\u00fcresi ile bu grup, y\u00fcksek getiriler kar\u015f\u0131l\u0131\u011f\u0131nda g\u00fc\u00e7l\u00fc dalgalanmay\u0131 kabul edebilir.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>36-50 ya\u015f aras\u0131 yat\u0131r\u0131mc\u0131lar: Hem b\u00fcy\u00fcmek hem de sermayeyi korumak i\u00e7in %50-70 adi hisse senetleri (VNM, FPT, VCB gibi mavi \u00e7ipleri \u00f6nceliklendirerek) ve %30-50 imtiyazl\u0131 hisse senetlerini dengeleyin, ev al\u0131m\u0131, \u00e7ocuklar\u0131n e\u011fitimi gibi b\u00fcy\u00fck harcamalara haz\u0131rlan\u0131n.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>50 ya\u015f \u00fcst\u00fc yat\u0131r\u0131mc\u0131lar: Emeklilik i\u00e7in istikrarl\u0131 bir gelir ak\u0131\u015f\u0131 olu\u015fturmak amac\u0131yla %60-80 imtiyazl\u0131 hisse senetlerine ve REE, POW, MSN gibi y\u00fcksek temett\u00fc veren adi hisse senetlerine kademeli olarak ge\u00e7in.<\/li><\/ul><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ya\u015f grubu<\/th><th>Adi hisse senedi oran\u0131<\/th><th>\u0130mtiyazl\u0131 hisse senedi oran\u0131<\/th><th>\u00d6nerilen hisse senedi sembolleri (2025)<\/th><\/tr><\/thead><tbody><tr><td>25-35 ya\u015f aras\u0131<\/td><td>%80<\/td><td>%20<\/td><td>FPT, MWG, VHM, HPG, VRE (adi); VCB-P, BID-P (imtiyazl\u0131)<\/td><\/tr><tr><td>36-50 ya\u015f aras\u0131<\/td><td>%60<\/td><td>%40<\/td><td>VNM, FPT, VCB, REE (adi); VCB-P, MSN-P, CTG-P (imtiyazl\u0131)<\/td><\/tr><tr><td>50 ya\u015f \u00fcst\u00fc<\/td><td>%30<\/td><td>%70<\/td><td>REE, POW, PHR (adi); VCB-P, BID-P, MSN-P, CTG-P (imtiyazl\u0131)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam'da 2024-2025 y\u0131llar\u0131nda enflasyonun %3,8-4,2 olmas\u0131 ve 12 ayl\u0131k tasarruf faiz oranlar\u0131n\u0131n %4,5-5,5 aras\u0131nda de\u011fi\u015fmesi beklenirken, adi ve imtiyazl\u0131 hisse senetlerini birle\u015ftiren bir portf\u00f6y, geleneksel yat\u0131r\u0131m kanallar\u0131ndan \u00e7ok daha y\u00fcksek olan %7,3-13,4 oran\u0131nda reel getiri (enflasyon sonras\u0131) sa\u011flayabilir.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, ya\u015f, finansal hedefler, risk i\u015ftah\u0131 ve yat\u0131r\u0131m s\u00fcresi dahil 12 kriteri kullanarak ki\u015fiselle\u015ftirilmi\u015f yat\u0131r\u0131m portf\u00f6yleri \u00f6neren AI algoritmalar\u0131n\u0131 kullanan \"Personalized Portfolio Builder\" arac\u0131n\u0131 sa\u011flar, son 3 y\u0131lda %83,7 ba\u015far\u0131 oran\u0131 ile.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Sonu\u00e7: Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in uygun se\u00e7imler<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131rmak<\/b>, t\u00fcm yat\u0131r\u0131mc\u0131lar ve t\u00fcm piyasa a\u015famalar\u0131 i\u00e7in uygun bir \"sihirli \u00e7\u00f6z\u00fcm\" olmad\u0131\u011f\u0131n\u0131 g\u00f6sterir. Vietnam'daki ger\u00e7ek verilere ve analize dayanarak, en etkili strateji, her birey i\u00e7in uygun oranlarda her iki t\u00fcr\u00fc birle\u015ftirmektir.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vietnam hisse senedi piyasas\u0131, pazar y\u00fckseltme s\u00fcreci, FDI yeniden yerle\u015fim dalgalar\u0131 ve kurumsal reformlardan gelen bir\u00e7ok f\u0131rsatla yeni bir b\u00fcy\u00fcme d\u00f6ng\u00fcs\u00fcne giriyor. Bu ba\u011flamda, b\u00fcy\u00fcme ve istikrar aras\u0131nda dengeli bir portf\u00f6y ba\u015far\u0131 anahtar\u0131 olacakt\u0131r.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Adi hisse senetleri, \u00f6zellikle dijitalle\u015fme trendlerinden, kentle\u015fmeden ve Vietnam'da h\u0131zla geli\u015fen orta s\u0131n\u0131ftan fayda sa\u011flayan sekt\u00f6rlerde uzun vadeli sermaye b\u00fcy\u00fcmesi i\u00e7in ana tercih olmaya devam etmektedir. Ayn\u0131 zamanda, imtiyazl\u0131 hisse senetleri, istikrarl\u0131 gelir sa\u011flamada ve portf\u00f6y dalgalanmas\u0131n\u0131 en aza indirmede \u00f6nemli bir rol oynamaktad\u0131r.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> platformu, Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in 28 \u00f6zel analiz arac\u0131, ger\u00e7ek zamanl\u0131 veri ve 7\/24 dan\u0131\u015fmanl\u0131k uzmanlar\u0131ndan olu\u015fan bir ekip ile kapsaml\u0131 bir \u00e7\u00f6z\u00fcm sunmaktad\u0131r. 120 farkl\u0131 piyasa senaryosunu sim\u00fcle eden Portf\u00f6y Stres Testi \u00f6zelli\u011fi ile yat\u0131r\u0131mc\u0131lar, karar vermeden \u00f6nce portf\u00f6ylerinin dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 test edebilirler.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hangi stratejiyi se\u00e7erseniz se\u00e7in, yat\u0131r\u0131mda 3 alt\u0131n kural\u0131 unutmay\u0131n: portf\u00f6y\u00fcn\u00fcz\u00fc \u00e7e\u015fitlendirin, yat\u0131r\u0131m yapmadan \u00f6nce iyice ara\u015ft\u0131r\u0131n ve uzun vadeli sab\u0131r g\u00f6sterin. Bu, potansiyel dolu ancak ayn\u0131 zamanda zorluklarla dolu Vietnam hisse senedi piyasas\u0131nda varl\u0131k in\u015fa etmek ve finansal \u00f6zg\u00fcrl\u00fc\u011fe ula\u015fmak i\u00e7in sa\u011flam bir temeldir.<\/p><\/div>","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Vietnam hisse senedi piyasas\u0131nda hisse senetlerinin genel g\u00f6r\u00fcn\u00fcm\u00fc<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam hisse senedi piyasas\u0131 son on y\u0131lda %152 b\u00fcy\u00fcd\u00fc ve bireysel yat\u0131r\u0131mc\u0131 say\u0131s\u0131 2025&#8217;in ilk \u00e7eyre\u011finde 7,14 milyon hesaba ula\u015ft\u0131. Bu ba\u011flamda, <b>adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131rmak<\/b> portf\u00f6ylerini optimize etmek isteyen her yat\u0131r\u0131mc\u0131 i\u00e7in \u00f6nemli bir beceri haline geldi.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hisse senetleri, bir anonim \u015firketteki sermaye sahipli\u011fini do\u011frulayan sertifikalard\u0131r. Vietnam&#8217;da, 2020 tarihli (2023&#8217;te de\u011fi\u015ftirilen) \u0130\u015fletme Kanunu, iki ana hisse senedi t\u00fcr\u00fcn\u00fc tan\u0131mlar: adi hisse senetleri (pazar\u0131n %95,7&#8217;sini olu\u015fturur) ve imtiyazl\u0131 hisse senetleri (pazar\u0131n %4,3&#8217;\u00fcn\u00fc olu\u015fturur ancak y\u0131ll\u0131k %18 b\u00fcy\u00fcmektedir).<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt ederken<\/b>, Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar\u0131n net bir \u015fekilde anlamas\u0131 gerekir: adi hisse senetleri oy hakk\u0131 ve s\u0131n\u0131rs\u0131z b\u00fcy\u00fcme potansiyeli sunarken, imtiyazl\u0131 hisse senetleri daha istikrarl\u0131 ve g\u00fcvenli bir temett\u00fc ak\u0131\u015f\u0131 sunar. 2024 y\u0131l\u0131nda SSI Research taraf\u0131ndan yap\u0131lan bir ankete g\u00f6re, Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar\u0131n %78&#8217;i bu fark\u0131 do\u011fru anlam\u0131yor ve bu da yanl\u0131\u015f yat\u0131r\u0131m kararlar\u0131na yol a\u00e7\u0131yor.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Devlet Menkul K\u0131ymetler Komisyonu&#8217;ndan al\u0131nan istatistikler, Mart 2025 itibar\u0131yla HOSE ve HNX&#8217;te 1.243 listelenmi\u015f hisse senedi oldu\u011funu g\u00f6steriyor; bunlar\u0131n 1.190&#8217;\u0131 adi hisse senedi sembol\u00fc (%95,7) olup toplam piyasa de\u011feri 8.723 trilyon VND&#8217;dir. Say\u0131ca daha az olmalar\u0131na ra\u011fmen, 53 imtiyazl\u0131 hisse senedi sembol\u00fc (%4,3) yine de pazar\u0131n toplam i\u015flem de\u011ferinin %12,6&#8217;s\u0131n\u0131 olu\u015fturmaktad\u0131r.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Kriterler<\/th>\n<th>Adi Hisse Senetleri<\/th>\n<th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Listelenmi\u015f sembol say\u0131s\u0131 (3\/2025)<\/td>\n<td>1.190 sembol (%95,7)<\/td>\n<td>53 sembol (%4,3)<\/td>\n<\/tr>\n<tr>\n<td>B\u00fcy\u00fcme oran\u0131 (2023-2025)<\/td>\n<td>Y\u0131ll\u0131k %9,3<\/td>\n<td>Y\u0131ll\u0131k %18,2<\/td>\n<\/tr>\n<tr>\n<td>En \u00e7ok ihra\u00e7 edilen sekt\u00f6rler<\/td>\n<td>Gayrimenkul, \u00dcretim, Bankac\u0131l\u0131k<\/td>\n<td>Bankac\u0131l\u0131k, Sigorta, Enerji<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, Vietnam pazar\u0131na \u00f6zel ara\u00e7lar geli\u015ftirerek, 1.243 hisse senedi sembol\u00fcn\u00fc ger\u00e7ek zamanl\u0131 veriler ve 10 y\u0131ll\u0131k ge\u00e7mi\u015fle detayl\u0131 analiz etmeye yard\u0131mc\u0131 olur, yat\u0131r\u0131mc\u0131lar\u0131n duygulara de\u011fil, belirli verilere dayal\u0131 kararlar almas\u0131n\u0131 destekler.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Vietnam&#8217;da adi hisse senetlerinin temel \u00f6zellikleri<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Adi hisse senetleri, HOSE ve HNX&#8217;te listelenmi\u015f sembollerin %95,7&#8217;sini olu\u015fturmaktad\u0131r. <b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131r\u0131rken<\/b>, adi hisse senetleri, oy hakk\u0131 ve s\u0131n\u0131rs\u0131z b\u00fcy\u00fcme potansiyeli sayesinde Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar\u0131 cezbetmektedir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Oy haklar\u0131 ve \u015firket y\u00f6netimine kat\u0131l\u0131m<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Oy haklar\u0131, Vietnam&#8217;da adi hisse senetlerinin belirgin bir ayr\u0131cal\u0131\u011f\u0131d\u0131r. 2020 tarihli (2023&#8217;te de\u011fi\u015ftirilen) \u0130\u015fletme Kanunu&#8217;nun 115. Maddesine g\u00f6re, her adi hisse bir oya kar\u015f\u0131l\u0131k gelir. Bu hakla, yat\u0131r\u0131mc\u0131lar \u015funlar\u0131 yapabilir:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Y\u00f6netim Kurulu ve Denetim Kurulu \u00fcyelerini se\u00e7mek\/azletmek (aday g\u00f6stermek i\u00e7in en az %5 sermaye gereklidir)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Finansal raporlar\u0131 onaylamak ve kar da\u011f\u0131t\u0131m\u0131na karar vermek (temett\u00fc seviyeleri, fon tahsisleri)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Birle\u015fmeler, devralmalar, kurumsal yeniden yap\u0131land\u0131rmalar hakk\u0131nda oy kullanmak (%65 onay gereklidir)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00fcy\u00fck yat\u0131r\u0131mlar ve i\u015f kollar\u0131ndaki de\u011fi\u015fikliklere karar vermek<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u015eirket T\u00fcz\u00fc\u011f\u00fcn\u00fc de\u011fi\u015ftirmek (mevcut hissedarlar\u0131n %75 onay\u0131 gereklidir)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam&#8217;da, bu oy haklar\u0131 \u00f6zellikle VHM, FPT, MWG gibi hisse senetlerinde de\u011ferlidir &#8211; bireysel yat\u0131r\u0131mc\u0131lar 2023-2024 y\u0131llar\u0131nda Y\u00f6netim Kurulu&#8217;na temsilciler yerle\u015ftirerek y\u00f6netimde ve bilgi \u015feffafl\u0131\u011f\u0131nda olumlu de\u011fi\u015fiklikler te\u015fvik ettiler.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Temett\u00fc ve sermaye b\u00fcy\u00fcme f\u0131rsatlar\u0131<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam&#8217;da adi hisse senedi yat\u0131r\u0131mc\u0131lar\u0131 iki kaynaktan faydalan\u0131r: temett\u00fcler ve fiyat art\u0131\u015f\u0131. FiinPro verilerine g\u00f6re, 2024 y\u0131l\u0131nda HOSE&#8217;deki \u015firketler ortalama %6,8 nakit temett\u00fc \u00f6demi\u015ftir, bu da 12 ayl\u0131k tasarruf faiz oran\u0131ndan (%4,5) %2,3 daha y\u00fcksektir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>REE gibi baz\u0131 \u015firketler 5 y\u0131l boyunca %10-12 nakit temett\u00fc sa\u011flam\u0131\u015f, POW, PVD, MSN ise d\u00fczenli olarak %15-25 oran\u0131nda hisse temett\u00fcs\u00fc da\u011f\u0131tarak yat\u0131r\u0131mc\u0131lar\u0131n ki\u015fisel gelir vergisi \u00f6demeden hisse say\u0131s\u0131n\u0131 art\u0131rmas\u0131na yard\u0131mc\u0131 olmu\u015ftur.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Sekt\u00f6r<\/th>\n<th>Nakit temett\u00fc oran\u0131 (2024)<\/th>\n<th>Dikkat \u00e7eken temsilciler<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Elektrik, su<\/td>\n<td>%9,2<\/td>\n<td>REE (%12), PC1 (%10), POW (%8,5)<\/td>\n<\/tr>\n<tr>\n<td>Telekom\u00fcnikasyon<\/td>\n<td>%7,8<\/td>\n<td>VNM (%7,5), FPT (%8,5), CMG (%7,2)<\/td>\n<\/tr>\n<tr>\n<td>Bankac\u0131l\u0131k<\/td>\n<td>%5,3<\/td>\n<td>VCB (%5), ACB (%6), MBB (%4,8)<\/td>\n<\/tr>\n<tr>\n<td>Gayrimenkul<\/td>\n<td>%3,7<\/td>\n<td>VHM (%3,5), NLG (%4,2), DXG (%3,2)<\/td>\n<\/tr>\n<tr>\n<td>Teknoloji<\/td>\n<td>%2,5<\/td>\n<td>FPT (%8,5), CMG (%7,2), di\u011fer \u015firketler daha d\u00fc\u015f\u00fck<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Sermaye b\u00fcy\u00fcmesi a\u00e7\u0131s\u0131ndan, VN-Index 664 puandan (1\/2018) 1.278 puana (3\/2025) y\u00fckselerek 7 y\u0131lda %92,5 getiri sa\u011flam\u0131\u015f, bu da y\u0131ll\u0131k %9,8&#8217;e e\u015fde\u011ferdir. Ayn\u0131 d\u00f6nemde MWG %314, FPT %425, HPG %178 art\u0131\u015f g\u00f6stermi\u015ftir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, 2024 y\u0131l\u0131na ait i\u00e7 istatistiklere g\u00f6re %78,6 do\u011frulukla fiyat trendlerini tahmin etmek i\u00e7in 28 teknik g\u00f6sterge ve 12 temel analiz modeli sunmaktad\u0131r.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Daha y\u00fcksek risk ancak daha b\u00fcy\u00fck kar potansiyeli<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt ederken<\/b>, risk fakt\u00f6r\u00fc g\u00f6z ard\u0131 edilemez. Adi hissedarlar, bir i\u015fletme feshedildi\u011finde veya iflas etti\u011finde, alacakl\u0131lar, imtiyazl\u0131 hissedarlar ve di\u011fer y\u00fck\u00fcml\u00fcl\u00fcklerden sonra varl\u0131klar\u0131 alan son gruptur.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Bu ger\u00e7ek, Coteccons (CTD) ile ya\u015fand\u0131; hisse fiyat\u0131 2018-2023 aras\u0131nda %72 d\u00fc\u015ft\u00fc veya HBC likidite krizi s\u0131ras\u0131nda %85 d\u00fc\u015ft\u00fc. 2023 y\u0131l\u0131nda, HOSE ve HNX&#8217;te listelenen 37 \u015firket denetim, uyar\u0131 veya i\u015flem k\u0131s\u0131tlamas\u0131 alt\u0131na al\u0131nd\u0131, bu da adi hissedarlara a\u011f\u0131r kay\u0131plar ya\u015fatt\u0131.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Buna kar\u015f\u0131l\u0131k, MWG, FPT, VHM, HPG gibi g\u00fc\u00e7l\u00fc temellere sahip hisse senetleri \u00fcst\u00fcn getiri sa\u011flam\u0131\u015ft\u0131r. Ho Chi Minh City&#8217;den bireysel yat\u0131r\u0131mc\u0131 Bay Nguyen Van A, &#8220;2018&#8217;de FPT&#8217;ye 39.000 VND\/hisse fiyat\u0131yla 500 milyon yat\u0131r\u0131m yapt\u0131m, \u015fimdi 163.000 VND\/hisse fiyat\u0131yla 1,8 milyara y\u00fckseldi, nakit temett\u00fclerden neredeyse 300 milyon hari\u00e7&#8221; dedi.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Vietnam ba\u011flam\u0131nda imtiyazl\u0131 hisse senetlerinin belirgin \u00f6zellikleri<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0130mtiyazl\u0131 hisse senetleri, listelenmi\u015f sembollerin sadece %4,3&#8217;\u00fcn\u00fc olu\u015fturur ancak y\u0131ll\u0131k %18,2 oran\u0131nda b\u00fcy\u00fcmektedir, bu adi hisse senetlerinin iki kat\u0131d\u0131r. <b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131r\u0131rken<\/b>, ak\u0131ll\u0131 yat\u0131r\u0131mc\u0131lar\u0131n bu t\u00fcr hisse senetlerinin benzersiz avantajlar\u0131n\u0131 anlamas\u0131 gerekir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Sabit temett\u00fc alma \u00f6nceli\u011fi<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0130mtiyazl\u0131 hisse senetlerinin \u00f6ne \u00e7\u0131kan avantaj\u0131, sabit temett\u00fc alma \u00f6nceli\u011fidir. 2020 tarihli \u0130\u015fletme Kanunu&#8217;nun 116. Maddesine g\u00f6re, imtiyazl\u0131 hisse senedi temett\u00fcleri, i\u015f sonu\u00e7lar\u0131ndan ba\u011f\u0131ms\u0131z olarak sabit bir oranda \u00f6denir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam&#8217;da, VCB, BID, CTG gibi bankalar ve VNM, MSN gibi gruplar, y\u0131ll\u0131k %7-9,5 temett\u00fc oranlar\u0131yla imtiyazl\u0131 hisse senetleri ihra\u00e7 etmi\u015ftir. \u00d6zellikle, 2023&#8217;te ihra\u00e7 edilen VCB&#8217;nin imtiyazl\u0131 hisse senedi %8,2 sabit temett\u00fc oran\u0131na sahipken, BID %8,7 ve MSN %9,3&#8217;t\u00fcr.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>\u0130mtiyazl\u0131 hisse senedi t\u00fcr\u00fc<\/th>\n<th>Ortalama temett\u00fc oran\u0131 (2024)<\/th>\n<th>Dikkat \u00e7eken \u015firketler<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Temett\u00fc imtiyazl\u0131 hisse senetleri<\/td>\n<td>%8,3<\/td>\n<td>VCB (%8,2), BID (%8,7), MSN (%9,3)<\/td>\n<\/tr>\n<tr>\n<td>Geri al\u0131nabilir imtiyazl\u0131 hisse senetleri<\/td>\n<td>%7,8<\/td>\n<td>CTG (%7,5), VIC (%8,0), TCB (%7,8)<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir imtiyazl\u0131 hisse senetleri<\/td>\n<td>%6,5<\/td>\n<td>HDB (%6,2), VPB (%6,8), KDH (%6,5)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hanoi&#8217;de 57 ya\u015f\u0131ndaki bir yat\u0131r\u0131mc\u0131 olan Bayan Tran Thi B&#8217;nin durumu bu avantaj\u0131 g\u00f6stermektedir: &#8220;May\u0131s 2023&#8217;ten itibaren %8,2 faiz oran\u0131yla VCB&#8217;nin imtiyazl\u0131 hisse senedine 2 milyar VND yat\u0131r\u0131m yapt\u0131m. Hisse senedi piyasas\u0131 2023&#8217;\u00fcn \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde keskin bir \u015fekilde d\u00fc\u015fmesine ra\u011fmen, her \u00e7eyrek d\u00fczenli olarak 41 milyon VND temett\u00fc ald\u0131m&#8221;.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, Vietnam&#8217;da i\u015flem g\u00f6ren 53 imtiyazl\u0131 hisse senedi sembol\u00fc hakk\u0131nda temett\u00fc \u00f6deme ge\u00e7mi\u015fi, geri alma ko\u015fullar\u0131 ve d\u00f6n\u00fc\u015f\u00fcm oranlar\u0131 (uygulanabilir ise) dahil olmak \u00fczere detayl\u0131 bilgiler sa\u011flar.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Vietnam yat\u0131r\u0131m ortam\u0131nda adi hisse senetleri ve imtiyazl\u0131 hisse senetlerinin kar\u015f\u0131la\u015ft\u0131rmal\u0131 analizi<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam&#8217;da yat\u0131r\u0131m portf\u00f6ylerini optimize etmek i\u00e7in, <b>adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt etmek<\/b> sadece temel bilgi de\u011fil, \u00f6nemli bir stratejidir. A\u015fa\u011f\u0131da, Vietnam pazar\u0131ndan ger\u00e7ek verilere dayanan detayl\u0131 bir analiz bulunmaktad\u0131r.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Oy haklar\u0131 ve kurumsal y\u00f6netim kar\u015f\u0131la\u015ft\u0131rmas\u0131<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Oy haklar\u0131, iki t\u00fcr hisse senedini kar\u015f\u0131la\u015ft\u0131r\u0131rken en \u00f6nemli farkt\u0131r:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Adi hisse senetleri: Her hisse bir oya sahiptir, Y\u00f6netim Kurulu&#8217;nun se\u00e7ilmesi, finansal raporlar\u0131n onaylanmas\u0131, birle\u015fme ve devralmalar hakk\u0131nda karar verilmesi gibi t\u00fcm \u00f6nemli \u015firket kararlar\u0131na kat\u0131l\u0131m sa\u011flar.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0130mtiyazl\u0131 hisse senetleri: \u00c7o\u011fu durumda oy hakk\u0131 yoktur, kendi \u00e7\u0131karlar\u0131n\u0131 do\u011frudan etkileyen kararlar (imtiyazl\u0131 hisse senedi \u015fartlar\u0131n\u0131n de\u011fi\u015ftirilmesi gibi) hari\u00e7.<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam&#8217;da, y\u00fcksek yo\u011funluklu sahiplik yap\u0131s\u0131 oy haklar\u0131n\u0131n ger\u00e7ek de\u011ferini azalt\u0131r. VNDIRECT&#8217;in raporuna g\u00f6re, listelenen \u015firketlerin %72&#8217;si, sermayenin %51&#8217;inden fazlas\u0131n\u0131 elinde bulunduran b\u00fcy\u00fck hissedarlara sahiptir, bu da k\u00fc\u00e7\u00fck hissedarlar\u0131n \u015firket kararlar\u0131n\u0131 etkilemesini zorla\u015ft\u0131r\u0131r. \u00d6rne\u011fin: Vingroup (VIC) sermayenin %71,44&#8217;\u00fc kurucu hissedar grubuna aittir, Masan (MSN) %55,32&#8217;sine, Hoa Phat (HPG) ise Bay Tran Dinh Long ve ilgili ki\u015filere %33,95&#8217;ine aittir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Fakt\u00f6r<\/th>\n<th>Adi Hisse Senetleri<\/th>\n<th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Oy haklar\u0131<\/td>\n<td>Evet (1 hisse = 1 oy)<\/td>\n<td>Hay\u0131r (kendi \u00e7\u0131karlar\u0131yla ilgili konular hari\u00e7)<\/td>\n<\/tr>\n<tr>\n<td>Y\u00f6netim Kurulu \u00fcyelerini aday g\u00f6stermek i\u00e7in gereken oran<\/td>\n<td>\u015eirket t\u00fcz\u00fc\u011f\u00fcne ba\u011fl\u0131 olarak %5-10 sermaye<\/td>\n<td>Aday g\u00f6sterme hakk\u0131 yok<\/td>\n<\/tr>\n<tr>\n<td>Oy haklar\u0131n\u0131n ger\u00e7ek etkinli\u011fi<\/td>\n<td>S\u0131n\u0131rl\u0131 (\u015firketlerin %72&#8217;si kontrol hissedarlar\u0131na sahip)<\/td>\n<td>Uygulanamaz<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, yat\u0131r\u0131mc\u0131lara 1.243 listelenmi\u015f \u015firketin sahiplik yap\u0131s\u0131n\u0131 analiz etmeye, g\u00fc\u00e7 yo\u011funlu\u011funu ve oy haklar\u0131n\u0131n ger\u00e7ek etkinli\u011fini de\u011ferlendirmeye yard\u0131mc\u0131 olan &#8220;Ownership Analyzer&#8221; arac\u0131n\u0131 sa\u011flar.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Temett\u00fc ve sermaye b\u00fcy\u00fcme potansiyelinin kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131r\u0131rken<\/b> karl\u0131l\u0131k a\u00e7\u0131s\u0131ndan, her iki fakt\u00f6r de de\u011ferlendirilmelidir: temett\u00fcler ve fiyat art\u0131\u015f\u0131 potansiyeli.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0130ki t\u00fcr hisse senedi i\u00e7in temett\u00fcler belirgin \u015fekilde farkl\u0131 \u00f6zelliklere sahiptir:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Adi hisse senetleri: Temett\u00fcler i\u015f sonu\u00e7lar\u0131na g\u00f6re dalgalan\u0131r. 2024 y\u0131l\u0131nda HOSE&#8217;deki \u015firketler ortalama %6,8 temett\u00fc \u00f6demi\u015ftir, %0 (VJC, DIG) ile %15 (REE, BMI) aras\u0131nda de\u011fi\u015fmektedir.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0130mtiyazl\u0131 hisse senetleri: Sabit temett\u00fcler \u00f6ncelikli \u00f6deme ile. 2024&#8217;te ortalama temett\u00fc oran\u0131 %8,3 olup, adi hisse senetlerinden %1,5 ve banka faiz oranlar\u0131ndan %3,8 daha y\u00fcksektir.<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Sermaye b\u00fcy\u00fcmesi a\u00e7\u0131s\u0131ndan, FPTS verileri 2020-2025 d\u00f6neminde adi hisse senetlerinin y\u0131ll\u0131k ortalama %11,4 b\u00fcy\u00fcme oran\u0131na sahip oldu\u011funu, imtiyazl\u0131 hisse senetlerinin ise sadece %3,2 oran\u0131nda b\u00fcy\u00fcd\u00fc\u011f\u00fcn\u00fc g\u00f6stermektedir. \u00d6zellikle, VNM 106.000 VND&#8217;den 175.000 VND&#8217;ye (%65) artarken, FPT 52.000 VND&#8217;den 163.000 VND&#8217;ye (%213) artm\u0131\u015ft\u0131r, imtiyazl\u0131 hisse senetleri ise genellikle \u00b1%10 dar bir aral\u0131kta dalgalanm\u0131\u015ft\u0131r.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Kriterler<\/th>\n<th>Adi Hisse Senetleri<\/th>\n<th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ortalama temett\u00fc (2024)<\/td>\n<td>%6,8 (aral\u0131k %0-15)<\/td>\n<td>%8,3 (sabit)<\/td>\n<\/tr>\n<tr>\n<td>Fiyat b\u00fcy\u00fcme oran\u0131 (2020-2025)<\/td>\n<td>Y\u0131ll\u0131k %11,4<\/td>\n<td>Y\u0131ll\u0131k %3,2<\/td>\n<\/tr>\n<tr>\n<td>1 y\u0131l i\u00e7indeki fiyat dalgalanmas\u0131<\/td>\n<td>\u00b1%25-40<\/td>\n<td>\u00b1%5-10<\/td>\n<\/tr>\n<tr>\n<td>Toplam getiri (temett\u00fcler + fiyat art\u0131\u015f\u0131)<\/td>\n<td>Y\u0131ll\u0131k %18,2 (5 y\u0131ll\u0131k ortalama)<\/td>\n<td>Y\u0131ll\u0131k %11,5 (5 y\u0131ll\u0131k ortalama)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Da Nang&#8217;da 35 ya\u015f\u0131nda bir yat\u0131r\u0131mc\u0131 olan Bay Le Van C&#8217;nin durumu bu fark\u0131 g\u00f6stermektedir: &#8220;2021&#8217;de 1 milyar VND&#8217;yi e\u015fit olarak FPT adi hisse senedi ve VCB imtiyazl\u0131 hisse senedine b\u00f6ld\u00fcm. 2025&#8217;e kadar, FPT&#8217;ye yap\u0131lan yat\u0131r\u0131m 2,05 milyara (+%105) artarken, 170 milyon temett\u00fc eklenmi\u015f, VCB imtiyazl\u0131 hisse senedine yap\u0131lan yat\u0131r\u0131m ise sadece 1,08 milyara (+%8) artm\u0131\u015f ancak 328 milyon VND sabit temett\u00fc sa\u011flam\u0131\u015ft\u0131r&#8221;.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Risk seviyeleri ve yat\u0131r\u0131m g\u00fcvenli\u011finin kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini<\/b> risk a\u00e7\u0131s\u0131ndan analiz ederken, Vietnam pazar\u0131ndan al\u0131nan veriler net bir fark g\u00f6stermektedir:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Adi hisse senetleri: \u0130\u015fletmeler zorluklarla kar\u015f\u0131la\u015ft\u0131\u011f\u0131nda en y\u00fcksek riski ta\u015f\u0131r. 2021-2023 y\u0131llar\u0131 aras\u0131nda 37 \u015firket uyar\u0131, denetim veya i\u015flem k\u0131s\u0131tlamas\u0131 alt\u0131na al\u0131nd\u0131, bu da hisse senetlerinin ortalama %72,5 d\u00fc\u015fmesine neden oldu.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0130mtiyazl\u0131 hisse senetleri: Temett\u00fc \u00f6deme \u00f6nceli\u011fi ve tasfiye s\u0131ras\u0131nda varl\u0131k \u00f6nceli\u011fi nedeniyle daha g\u00fcvenlidir. ROS, SAM, HSG gibi bor\u00e7 yap\u0131land\u0131rma durumlar\u0131nda, imtiyazl\u0131 hisse senedi fiyatlar\u0131 ortalama %29,6 d\u00fc\u015ferken, adi hisse senetleri \u00e7ok daha fazla d\u00fc\u015fm\u00fc\u015ft\u00fcr.<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam&#8217;da, adi hisse senetlerinin ortalama betas\u0131 (pazara g\u00f6re dalgalanmay\u0131 \u00f6l\u00e7en) 1,12 iken, imtiyazl\u0131 hisse senetleri sadece 0,48&#8217;dir. Bu, adi hisse senetlerinin imtiyazl\u0131 hisse senetlerine g\u00f6re 2,3 kat daha g\u00fc\u00e7l\u00fc dalgaland\u0131\u011f\u0131 anlam\u0131na gelir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Risk fakt\u00f6r\u00fc<\/th>\n<th>Adi Hisse Senetleri<\/th>\n<th>\u0130mtiyazl\u0131 Hisse Senetleri<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ortalama Beta<\/td>\n<td>1,12 (pazardan daha dalgal\u0131)<\/td>\n<td>0,48 (pazardan daha az dalgal\u0131)<\/td>\n<\/tr>\n<tr>\n<td>2022 krizi s\u0131ras\u0131nda d\u00fc\u015f\u00fc\u015f<\/td>\n<td>-%37,3 (VN-Index 1.500&#8217;den 940&#8217;a)<\/td>\n<td>-%14,5 (VNCPREF Index 325&#8217;ten 278&#8217;e)<\/td>\n<\/tr>\n<tr>\n<td>Temett\u00fc \u00f6demelerini durduran \u015firketler (2022-2023)<\/td>\n<td>\u015eirketlerin %27,5&#8217;i temett\u00fcleri kesti veya azaltt\u0131<\/td>\n<td>\u015eirketlerin %3,8&#8217;i \u00f6demeyi erteledi (daha sonra birikmeli olarak \u00f6denmeli)<\/td>\n<\/tr>\n<tr>\n<td>Tasfiye s\u0131ras\u0131nda \u00f6ncelik s\u0131ras\u0131<\/td>\n<td>Son (alacakl\u0131lar ve imtiyazl\u0131 hissedarlardan sonra)<\/td>\n<td>\u0130kinci (alacakl\u0131lardan sonra, adi hissedarlardan \u00f6nce)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, her hisse senedi i\u00e7in beta, dalgalanma, likidite oran\u0131, iflas olas\u0131l\u0131\u011f\u0131n\u0131 tahmin eden Altman Z-skoru dahil 15 risk g\u00f6stergesini ayn\u0131 anda de\u011ferlendiren &#8220;Risk Assessment Matrix&#8221; arac\u0131n\u0131 sa\u011flar, yat\u0131r\u0131mc\u0131lar\u0131n ki\u015fisel risk toleranslar\u0131na uygun portf\u00f6yler se\u00e7melerine yard\u0131mc\u0131 olur.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini birle\u015ftirme stratejisi<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tek bir t\u00fcr yerine, <b>imtiyazl\u0131 hisse senetleri ve adi hisse senetlerini<\/b> birle\u015ftiren bir strateji, Vietnaml\u0131 finans uzmanlar\u0131n\u0131n %67&#8217;si taraf\u0131ndan \u00f6nerilmektedir. SSI Research verileri, birle\u015fik bir portf\u00f6y\u00fcn dalgalanmay\u0131 %28,4 azalt\u0131rken getirilerin %87,3&#8217;\u00fcn\u00fc koruyabilece\u011fini g\u00f6stermektedir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Piyasa a\u015famalar\u0131na g\u00f6re varl\u0131k da\u011f\u0131l\u0131m\u0131<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Etkili da\u011f\u0131t\u0131m stratejisi, piyasa a\u015famalar\u0131na g\u00f6re ayarlanmal\u0131d\u0131r:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00fcy\u00fcme piyasas\u0131 (VN-Index MA200&#8217;\u00fc %10&#8217;dan fazla a\u015f\u0131yor): Yukar\u0131 y\u00f6nl\u00fc momentumdan yararlanmak i\u00e7in %70-80 adi hisse senetlerine \u00f6ncelik verin. 2020-2021 y\u0131llar\u0131nda, %80 adi hisse senedi i\u00e7eren bir portf\u00f6y, %50-50 portf\u00f6yden %38,7 daha y\u00fcksek bir getiri sa\u011flayarak %72,3 getiri sa\u011flad\u0131.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Yatay piyasa (VN-Index MA200 etraf\u0131nda \u00b1%7 dalgalan\u0131yor): Hem fiyat art\u0131\u015f\u0131 f\u0131rsatlar\u0131n\u0131 yakalamak hem de istikrarl\u0131 nakit ak\u0131\u015f\u0131n\u0131 sa\u011flamak i\u00e7in %50-60 adi hisse senetleri ve %40-50 imtiyazl\u0131 hisse senetlerini dengeleyin.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00fc\u015f\u00fc\u015f piyasas\u0131 (VN-Index MA200&#8217;\u00fcn %10&#8217;dan fazla alt\u0131nda): Sermayeyi korumak i\u00e7in %60-70 imtiyazl\u0131 hisse senetlerine ge\u00e7in. 2022&#8217;nin d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011findeki d\u00fc\u015f\u00fc\u015f s\u0131ras\u0131nda, %70 imtiyazl\u0131 hisse senedi i\u00e7eren bir portf\u00f6y sadece %17,3 d\u00fc\u015ferken, VN-Index %37,3 d\u00fc\u015ft\u00fc.<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Piyasa a\u015famas\u0131<\/th>\n<th>Adi hisse senedi a\u011f\u0131rl\u0131\u011f\u0131<\/th>\n<th>\u0130mtiyazl\u0131 hisse senedi a\u011f\u0131rl\u0131\u011f\u0131<\/th>\n<th>Ger\u00e7ek performans (2020-2024)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>G\u00fc\u00e7l\u00fc bo\u011fa piyasas\u0131 (2020-2021)<\/td>\n<td>%75<\/td>\n<td>%25<\/td>\n<td>+%72,3 (VN-Index +%65,8&#8217;e kar\u015f\u0131)<\/td>\n<\/tr>\n<tr>\n<td>Yatay piyasa (Q1-Q3\/2023)<\/td>\n<td>%55<\/td>\n<td>%45<\/td>\n<td>+%12,5 (VN-Index +%9,7&#8217;ye kar\u015f\u0131)<\/td>\n<\/tr>\n<tr>\n<td>Ay\u0131 piyasas\u0131 (Q4\/2022)<\/td>\n<td>%30<\/td>\n<td>%70<\/td>\n<td>-%17,3 (VN-Index -%37,3&#8217;e kar\u015f\u0131)<\/td>\n<\/tr>\n<tr>\n<td>Tam d\u00f6ng\u00fc (2020-2024)<\/td>\n<td>A\u015famaya g\u00f6re ayarlanm\u0131\u015f<\/td>\n<td>A\u015famaya g\u00f6re ayarlanm\u0131\u015f<\/td>\n<td>+%68,5 (VN-Index +%53,2&#8217;ye kar\u015f\u0131)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, 7 teknik g\u00f6sterge kullanarak piyasa a\u015famalar\u0131n\u0131 do\u011fru bir \u015fekilde tan\u0131mlayan ve uygun da\u011f\u0131l\u0131m oranlar\u0131n\u0131 otomatik olarak \u00f6neren &#8220;Market Cycle Identifier&#8221; arac\u0131n\u0131 geli\u015ftirmi\u015ftir, b\u00f6ylece Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar portf\u00f6ylerini ger\u00e7ek zamanl\u0131 olarak optimize edebilirler.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ya\u015f ve yat\u0131r\u0131m hedeflerine g\u00f6re strateji<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini ay\u0131rt etmek<\/b> yat\u0131r\u0131m stratejisinde ya\u015fa ve finansal hedeflere g\u00f6re ki\u015fiselle\u015ftirilmelidir:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>25-35 ya\u015f aras\u0131 yat\u0131r\u0131mc\u0131lar: Uzun vadeli b\u00fcy\u00fcmeyi maksimize etmek i\u00e7in FPT, MWG, VHM, HPG gibi b\u00fcy\u00fcme adi hisse senetlerine %70-90 odaklan\u0131n. Uzun bir yat\u0131r\u0131m s\u00fcresi ile bu grup, y\u00fcksek getiriler kar\u015f\u0131l\u0131\u011f\u0131nda g\u00fc\u00e7l\u00fc dalgalanmay\u0131 kabul edebilir.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>36-50 ya\u015f aras\u0131 yat\u0131r\u0131mc\u0131lar: Hem b\u00fcy\u00fcmek hem de sermayeyi korumak i\u00e7in %50-70 adi hisse senetleri (VNM, FPT, VCB gibi mavi \u00e7ipleri \u00f6nceliklendirerek) ve %30-50 imtiyazl\u0131 hisse senetlerini dengeleyin, ev al\u0131m\u0131, \u00e7ocuklar\u0131n e\u011fitimi gibi b\u00fcy\u00fck harcamalara haz\u0131rlan\u0131n.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>50 ya\u015f \u00fcst\u00fc yat\u0131r\u0131mc\u0131lar: Emeklilik i\u00e7in istikrarl\u0131 bir gelir ak\u0131\u015f\u0131 olu\u015fturmak amac\u0131yla %60-80 imtiyazl\u0131 hisse senetlerine ve REE, POW, MSN gibi y\u00fcksek temett\u00fc veren adi hisse senetlerine kademeli olarak ge\u00e7in.<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ya\u015f grubu<\/th>\n<th>Adi hisse senedi oran\u0131<\/th>\n<th>\u0130mtiyazl\u0131 hisse senedi oran\u0131<\/th>\n<th>\u00d6nerilen hisse senedi sembolleri (2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>25-35 ya\u015f aras\u0131<\/td>\n<td>%80<\/td>\n<td>%20<\/td>\n<td>FPT, MWG, VHM, HPG, VRE (adi); VCB-P, BID-P (imtiyazl\u0131)<\/td>\n<\/tr>\n<tr>\n<td>36-50 ya\u015f aras\u0131<\/td>\n<td>%60<\/td>\n<td>%40<\/td>\n<td>VNM, FPT, VCB, REE (adi); VCB-P, MSN-P, CTG-P (imtiyazl\u0131)<\/td>\n<\/tr>\n<tr>\n<td>50 ya\u015f \u00fcst\u00fc<\/td>\n<td>%30<\/td>\n<td>%70<\/td>\n<td>REE, POW, PHR (adi); VCB-P, BID-P, MSN-P, CTG-P (imtiyazl\u0131)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam&#8217;da 2024-2025 y\u0131llar\u0131nda enflasyonun %3,8-4,2 olmas\u0131 ve 12 ayl\u0131k tasarruf faiz oranlar\u0131n\u0131n %4,5-5,5 aras\u0131nda de\u011fi\u015fmesi beklenirken, adi ve imtiyazl\u0131 hisse senetlerini birle\u015ftiren bir portf\u00f6y, geleneksel yat\u0131r\u0131m kanallar\u0131ndan \u00e7ok daha y\u00fcksek olan %7,3-13,4 oran\u0131nda reel getiri (enflasyon sonras\u0131) sa\u011flayabilir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, ya\u015f, finansal hedefler, risk i\u015ftah\u0131 ve yat\u0131r\u0131m s\u00fcresi dahil 12 kriteri kullanarak ki\u015fiselle\u015ftirilmi\u015f yat\u0131r\u0131m portf\u00f6yleri \u00f6neren AI algoritmalar\u0131n\u0131 kullanan &#8220;Personalized Portfolio Builder&#8221; arac\u0131n\u0131 sa\u011flar, son 3 y\u0131lda %83,7 ba\u015far\u0131 oran\u0131 ile.<\/p>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Sonu\u00e7: Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in uygun se\u00e7imler<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Adi hisse senetleri ve imtiyazl\u0131 hisse senetlerini kar\u015f\u0131la\u015ft\u0131rmak<\/b>, t\u00fcm yat\u0131r\u0131mc\u0131lar ve t\u00fcm piyasa a\u015famalar\u0131 i\u00e7in uygun bir &#8220;sihirli \u00e7\u00f6z\u00fcm&#8221; olmad\u0131\u011f\u0131n\u0131 g\u00f6sterir. Vietnam&#8217;daki ger\u00e7ek verilere ve analize dayanarak, en etkili strateji, her birey i\u00e7in uygun oranlarda her iki t\u00fcr\u00fc birle\u015ftirmektir.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vietnam hisse senedi piyasas\u0131, pazar y\u00fckseltme s\u00fcreci, FDI yeniden yerle\u015fim dalgalar\u0131 ve kurumsal reformlardan gelen bir\u00e7ok f\u0131rsatla yeni bir b\u00fcy\u00fcme d\u00f6ng\u00fcs\u00fcne giriyor. Bu ba\u011flamda, b\u00fcy\u00fcme ve istikrar aras\u0131nda dengeli bir portf\u00f6y ba\u015far\u0131 anahtar\u0131 olacakt\u0131r.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Adi hisse senetleri, \u00f6zellikle dijitalle\u015fme trendlerinden, kentle\u015fmeden ve Vietnam&#8217;da h\u0131zla geli\u015fen orta s\u0131n\u0131ftan fayda sa\u011flayan sekt\u00f6rlerde uzun vadeli sermaye b\u00fcy\u00fcmesi i\u00e7in ana tercih olmaya devam etmektedir. Ayn\u0131 zamanda, imtiyazl\u0131 hisse senetleri, istikrarl\u0131 gelir sa\u011flamada ve portf\u00f6y dalgalanmas\u0131n\u0131 en aza indirmede \u00f6nemli bir rol oynamaktad\u0131r.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> platformu, Vietnaml\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in 28 \u00f6zel analiz arac\u0131, ger\u00e7ek zamanl\u0131 veri ve 7\/24 dan\u0131\u015fmanl\u0131k uzmanlar\u0131ndan olu\u015fan bir ekip ile kapsaml\u0131 bir \u00e7\u00f6z\u00fcm sunmaktad\u0131r. 120 farkl\u0131 piyasa senaryosunu sim\u00fcle eden Portf\u00f6y Stres Testi \u00f6zelli\u011fi ile yat\u0131r\u0131mc\u0131lar, karar vermeden \u00f6nce portf\u00f6ylerinin dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 test edebilirler.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hangi stratejiyi se\u00e7erseniz se\u00e7in, yat\u0131r\u0131mda 3 alt\u0131n kural\u0131 unutmay\u0131n: portf\u00f6y\u00fcn\u00fcz\u00fc \u00e7e\u015fitlendirin, yat\u0131r\u0131m yapmadan \u00f6nce iyice ara\u015ft\u0131r\u0131n ve uzun vadeli sab\u0131r g\u00f6sterin. Bu, potansiyel dolu ancak ayn\u0131 zamanda zorluklarla dolu Vietnam hisse senedi piyasas\u0131nda varl\u0131k in\u015fa etmek ve finansal \u00f6zg\u00fcrl\u00fc\u011fe ula\u015fmak i\u00e7in sa\u011flam bir temeldir.<\/p>\n<\/div>\n"},"faq":[{"question":"Adi hisse senetleri ve imtiyazl\u0131 hisse senetleri oy haklar\u0131 a\u00e7\u0131s\u0131ndan nas\u0131l farkl\u0131l\u0131k g\u00f6sterir?","answer":"Adi hisselerin, Genel Kurul Toplant\u0131s\u0131'nda 1:1 ilkesi (bir hisse bir oy e\u015fittir) temelinde oy kullanma ayr\u0131cal\u0131klar\u0131 vard\u0131r. Vietnam'da, 2020 tarihli \u0130\u015fletme Kanunu'nun 115. Maddesi'ne g\u00f6re, bu hak, hissedarlar\u0131n Y\u00f6netim Kurulu'nun se\u00e7ilmesi, finansal raporlar\u0131n onaylanmas\u0131 ve geli\u015fim stratejilerinin belirlenmesi gibi t\u00fcm \u00f6nemli kararlara kat\u0131lmalar\u0131n\u0131 sa\u011flar. Buna kar\u015f\u0131l\u0131k, imtiyazl\u0131 hisseler genellikle oy hakk\u0131na sahip de\u011fildir, imtiyazl\u0131 hissedarlar\u0131n \u00e7\u0131karlar\u0131n\u0131 do\u011frudan etkileyen konular (imtiyazl\u0131 hisse senedi \u015fartlar\u0131n\u0131n de\u011fi\u015ftirilmesi, \u015firket birle\u015fmeleri gibi) hari\u00e7."},{"question":"Adi hisse senetleri ile imtiyazl\u0131 hisse senetleri aras\u0131nda, hangi t\u00fcr daha y\u00fcksek risk seviyesine sahiptir?","answer":"Adi hisse senetleri \u00f6nemli \u00f6l\u00e7\u00fcde daha y\u00fcksek bir risk seviyesine sahiptir. Vietnam'da, 2021-2023 y\u0131llar\u0131na ait ger\u00e7ek veriler, adi hisse senetlerinin beta katsay\u0131s\u0131n\u0131n 1.12 oldu\u011funu g\u00f6stermektedir (piyasadan daha g\u00fc\u00e7l\u00fc dalgalanmakta), oysa imtiyazl\u0131 hisse senetlerinin beta katsay\u0131s\u0131 sadece 0.48'dir. 2022'nin 4. \u00e7eyre\u011findeki kriz s\u0131ras\u0131nda, adi hisse senetleri ortalama %37.3 oran\u0131nda d\u00fc\u015ferken, imtiyazl\u0131 hisse senetleri sadece %14.5 oran\u0131nda d\u00fc\u015fm\u00fc\u015ft\u00fcr. \u0130\u015fletmeler iflas etti\u011finde veya tasfiye edildi\u011finde, adi hissedarlar yaln\u0131zca alacakl\u0131lar ve imtiyazl\u0131 hissedarlara yap\u0131lan \u00f6demelerden sonra kalan varl\u0131klar\u0131 (varsa) al\u0131rlar, bu da sermaye kayb\u0131 riskini \u00e7ok daha y\u00fcksek hale getirir."},{"question":"Vietnam pazar\u0131nda hangi t\u00fcr imtiyazl\u0131 hisse senetleri mevcuttur?","answer":"Vietnam piyasas\u0131nda \u015fu anda \u00fc\u00e7 ana t\u00fcr imtiyazl\u0131 hisse senedi bulunmaktad\u0131r: (1) Temett\u00fc imtiyazl\u0131 hisse senetleri - ortalama %8,3 sabit temett\u00fc \u00f6deyen, VCB, BID gibi bankalarda %8,2-8,7 oranlar\u0131nda yayg\u0131n; (2) Geri al\u0131nabilir imtiyazl\u0131 hisse senetleri - \u015firketlerin belirli bir s\u00fcre sonra geri alma hakk\u0131na sahip oldu\u011fu, CTG, VIC gibi tipik \u00f6rneklerle %7,5-8,0 temett\u00fc oranlar\u0131na sahip; (3) D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir imtiyazl\u0131 hisse senetleri - \u00f6nceden belirlenmi\u015f bir oranda adi hisse senetlerine d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilen, HDB, VPB gibi daha d\u00fc\u015f\u00fck temett\u00fc oranlar\u0131na (%6,2-6,8) sahip ancak d\u00f6n\u00fc\u015f\u00fcm s\u0131ras\u0131nda potansiyel fiyat art\u0131\u015flar\u0131 olan."},{"question":"Bir yat\u0131r\u0131m portf\u00f6y\u00fcnde adi hisse senetleri ile imtiyazl\u0131 hisse senetleri aras\u0131nda verimli bir \u015fekilde nas\u0131l tahsis yap\u0131l\u0131r?","answer":"Verimli tahsis, \u00fc\u00e7 ana fakt\u00f6re dayanmal\u0131d\u0131r: ya\u015f, finansal hedefler ve piyasa a\u015famas\u0131. Gen\u00e7 yat\u0131r\u0131mc\u0131lar (25-35 ya\u015f aras\u0131) uzun vadeli b\u00fcy\u00fcmeyi en \u00fcst d\u00fczeye \u00e7\u0131karmak i\u00e7in %80 oran\u0131nda adi hisse senetlerine tahsis yapmal\u0131, FPT, MWG, VHM \u00fczerine odaklanmal\u0131d\u0131r. Orta ya\u015fl\u0131 yat\u0131r\u0131mc\u0131lar (36-50 ya\u015f aras\u0131) b\u00fcy\u00fcme ve istikrar i\u00e7in %60 adi hisse senedi ve %40 imtiyazl\u0131 hisse senedi ile denge kurmal\u0131d\u0131r. 50 ya\u015f \u00fcst\u00fc yat\u0131r\u0131mc\u0131lar, istikrarl\u0131 gelir sa\u011flamak i\u00e7in VCB-P, BID-P gibi %70 imtiyazl\u0131 hisse senetlerine \u00f6ncelik vermelidir. Piyasalar y\u00fckseldi\u011finde, adi hisse senetlerinin oran\u0131n\u0131 %75'e \u00e7\u0131kar\u0131n; piyasalar d\u00fc\u015ferken, imtiyazl\u0131 hisse senetlerini %70'e \u00e7\u0131kar\u0131n."},{"question":"Pocket Option, adi hisse senetleri ve imtiyazl\u0131 hisse senetlerine yat\u0131r\u0131m yapmay\u0131 desteklemek i\u00e7in hangi ara\u00e7lar\u0131 sa\u011flar?","answer":"Pocket Option, Vietnam pazar\u0131na y\u00f6nelik \u00f6zel bir ara\u00e7 seti sunar, bunlar aras\u0131nda: m\u00fclkiyet yap\u0131s\u0131n\u0131 ve oy haklar\u0131n\u0131n etkinli\u011fini analiz eden \"Ownership Analyzer\"; beta, volatilite ve Altman Z-skoru dahil 15 risk g\u00f6stergesini de\u011ferlendiren \"Risk Assessment Matrix\"; piyasa a\u015famalar\u0131n\u0131 belirlemek ve optimal tahsis oranlar\u0131n\u0131 \u00f6nermek i\u00e7in 7 teknik g\u00f6sterge kullanan \"Market Cycle Identifier\"; %83,7 ba\u015far\u0131 oran\u0131yla ki\u015fiselle\u015ftirilmi\u015f portf\u00f6yler olu\u015fturmak i\u00e7in yapay zeka kullanan \"Personalized Portfolio Builder\"; ve yat\u0131r\u0131m \u00f6ncesi portf\u00f6y dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 test etmek i\u00e7in 120 piyasa senaryosunu sim\u00fcle eden \"Portfolio Stress Test\" bulunur."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"Adi hisse senetleri ve imtiyazl\u0131 hisse senetleri oy haklar\u0131 a\u00e7\u0131s\u0131ndan nas\u0131l farkl\u0131l\u0131k g\u00f6sterir?","answer":"Adi hisselerin, Genel Kurul Toplant\u0131s\u0131'nda 1:1 ilkesi (bir hisse bir oy e\u015fittir) temelinde oy kullanma ayr\u0131cal\u0131klar\u0131 vard\u0131r. Vietnam'da, 2020 tarihli \u0130\u015fletme Kanunu'nun 115. Maddesi'ne g\u00f6re, bu hak, hissedarlar\u0131n Y\u00f6netim Kurulu'nun se\u00e7ilmesi, finansal raporlar\u0131n onaylanmas\u0131 ve geli\u015fim stratejilerinin belirlenmesi gibi t\u00fcm \u00f6nemli kararlara kat\u0131lmalar\u0131n\u0131 sa\u011flar. Buna kar\u015f\u0131l\u0131k, imtiyazl\u0131 hisseler genellikle oy hakk\u0131na sahip de\u011fildir, imtiyazl\u0131 hissedarlar\u0131n \u00e7\u0131karlar\u0131n\u0131 do\u011frudan etkileyen konular (imtiyazl\u0131 hisse senedi \u015fartlar\u0131n\u0131n de\u011fi\u015ftirilmesi, \u015firket birle\u015fmeleri gibi) hari\u00e7."},{"question":"Adi hisse senetleri ile imtiyazl\u0131 hisse senetleri aras\u0131nda, hangi t\u00fcr daha y\u00fcksek risk seviyesine sahiptir?","answer":"Adi hisse senetleri \u00f6nemli \u00f6l\u00e7\u00fcde daha y\u00fcksek bir risk seviyesine sahiptir. Vietnam'da, 2021-2023 y\u0131llar\u0131na ait ger\u00e7ek veriler, adi hisse senetlerinin beta katsay\u0131s\u0131n\u0131n 1.12 oldu\u011funu g\u00f6stermektedir (piyasadan daha g\u00fc\u00e7l\u00fc dalgalanmakta), oysa imtiyazl\u0131 hisse senetlerinin beta katsay\u0131s\u0131 sadece 0.48'dir. 2022'nin 4. \u00e7eyre\u011findeki kriz s\u0131ras\u0131nda, adi hisse senetleri ortalama %37.3 oran\u0131nda d\u00fc\u015ferken, imtiyazl\u0131 hisse senetleri sadece %14.5 oran\u0131nda d\u00fc\u015fm\u00fc\u015ft\u00fcr. \u0130\u015fletmeler iflas etti\u011finde veya tasfiye edildi\u011finde, adi hissedarlar yaln\u0131zca alacakl\u0131lar ve imtiyazl\u0131 hissedarlara yap\u0131lan \u00f6demelerden sonra kalan varl\u0131klar\u0131 (varsa) al\u0131rlar, bu da sermaye kayb\u0131 riskini \u00e7ok daha y\u00fcksek hale getirir."},{"question":"Vietnam pazar\u0131nda hangi t\u00fcr imtiyazl\u0131 hisse senetleri mevcuttur?","answer":"Vietnam piyasas\u0131nda \u015fu anda \u00fc\u00e7 ana t\u00fcr imtiyazl\u0131 hisse senedi bulunmaktad\u0131r: (1) Temett\u00fc imtiyazl\u0131 hisse senetleri - ortalama %8,3 sabit temett\u00fc \u00f6deyen, VCB, BID gibi bankalarda %8,2-8,7 oranlar\u0131nda yayg\u0131n; (2) Geri al\u0131nabilir imtiyazl\u0131 hisse senetleri - \u015firketlerin belirli bir s\u00fcre sonra geri alma hakk\u0131na sahip oldu\u011fu, CTG, VIC gibi tipik \u00f6rneklerle %7,5-8,0 temett\u00fc oranlar\u0131na sahip; (3) D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir imtiyazl\u0131 hisse senetleri - \u00f6nceden belirlenmi\u015f bir oranda adi hisse senetlerine d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilen, HDB, VPB gibi daha d\u00fc\u015f\u00fck temett\u00fc oranlar\u0131na (%6,2-6,8) sahip ancak d\u00f6n\u00fc\u015f\u00fcm s\u0131ras\u0131nda potansiyel fiyat art\u0131\u015flar\u0131 olan."},{"question":"Bir yat\u0131r\u0131m portf\u00f6y\u00fcnde adi hisse senetleri ile imtiyazl\u0131 hisse senetleri aras\u0131nda verimli bir \u015fekilde nas\u0131l tahsis yap\u0131l\u0131r?","answer":"Verimli tahsis, \u00fc\u00e7 ana fakt\u00f6re dayanmal\u0131d\u0131r: ya\u015f, finansal hedefler ve piyasa a\u015famas\u0131. Gen\u00e7 yat\u0131r\u0131mc\u0131lar (25-35 ya\u015f aras\u0131) uzun vadeli b\u00fcy\u00fcmeyi en \u00fcst d\u00fczeye \u00e7\u0131karmak i\u00e7in %80 oran\u0131nda adi hisse senetlerine tahsis yapmal\u0131, FPT, MWG, VHM \u00fczerine odaklanmal\u0131d\u0131r. Orta ya\u015fl\u0131 yat\u0131r\u0131mc\u0131lar (36-50 ya\u015f aras\u0131) b\u00fcy\u00fcme ve istikrar i\u00e7in %60 adi hisse senedi ve %40 imtiyazl\u0131 hisse senedi ile denge kurmal\u0131d\u0131r. 50 ya\u015f \u00fcst\u00fc yat\u0131r\u0131mc\u0131lar, istikrarl\u0131 gelir sa\u011flamak i\u00e7in VCB-P, BID-P gibi %70 imtiyazl\u0131 hisse senetlerine \u00f6ncelik vermelidir. Piyasalar y\u00fckseldi\u011finde, adi hisse senetlerinin oran\u0131n\u0131 %75'e \u00e7\u0131kar\u0131n; piyasalar d\u00fc\u015ferken, imtiyazl\u0131 hisse senetlerini %70'e \u00e7\u0131kar\u0131n."},{"question":"Pocket Option, adi hisse senetleri ve imtiyazl\u0131 hisse senetlerine yat\u0131r\u0131m yapmay\u0131 desteklemek i\u00e7in hangi ara\u00e7lar\u0131 sa\u011flar?","answer":"Pocket Option, Vietnam pazar\u0131na y\u00f6nelik \u00f6zel bir ara\u00e7 seti sunar, bunlar aras\u0131nda: m\u00fclkiyet yap\u0131s\u0131n\u0131 ve oy haklar\u0131n\u0131n etkinli\u011fini analiz eden \"Ownership Analyzer\"; beta, volatilite ve Altman Z-skoru dahil 15 risk g\u00f6stergesini de\u011ferlendiren \"Risk Assessment Matrix\"; piyasa a\u015famalar\u0131n\u0131 belirlemek ve optimal tahsis oranlar\u0131n\u0131 \u00f6nermek i\u00e7in 7 teknik g\u00f6sterge kullanan \"Market Cycle Identifier\"; %83,7 ba\u015far\u0131 oran\u0131yla ki\u015fiselle\u015ftirilmi\u015f portf\u00f6yler olu\u015fturmak i\u00e7in yapay zeka kullanan \"Personalized Portfolio Builder\"; ve yat\u0131r\u0131m \u00f6ncesi portf\u00f6y dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 test etmek i\u00e7in 120 piyasa senaryosunu sim\u00fcle eden \"Portfolio Stress Test\" bulunur."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vietnaml\u0131 Yat\u0131r\u0131mc\u0131lar \u0130\u00e7in Bug\u00fcn Etkili Yat\u0131r\u0131m Stratejileri: Adi ve \u0130mtiyazl\u0131 Hisse Senetlerinin Kar\u015f\u0131la\u015ft\u0131r\u0131lmas\u0131<\/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:\/\/pocketoption.com\/blog\/tr\/interesting\/reviews\/compare-common-stocks-and-preferential-stocks\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" 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