{"id":295561,"date":"2025-07-09T08:06:57","date_gmt":"2025-07-09T08:06:57","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/adr-argentine-stocks-2\/"},"modified":"2025-07-09T08:06:57","modified_gmt":"2025-07-09T08:06:57","slug":"adr-argentine-stocks","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/markets\/adr-argentine-stocks\/","title":{"rendered":"C\u1ed5 phi\u1ebfu ADR Argentina: Chi\u1ebfn l\u01b0\u1ee3c hi\u1ec7u qu\u1ea3 \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn c\u1ee7a b\u1ea1n tr\u00ean Ph\u1ed1 Wall"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":178035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[47,28,45],"class_list":["post-295561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-beginner","tag-investment","tag-stock"],"acf":{"h1":"Pocket Option: M\u1ecdi \u0110i\u1ec1u V\u1ec1 C\u1ed5 Phi\u1ebfu ADR Argentina","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: M\u1ecdi \u0110i\u1ec1u V\u1ec1 C\u1ed5 Phi\u1ebfu ADR Argentina"},"description":"C\u1ed5 phi\u1ebfu ADR Argentina: Ho\u00e0n ch\u1ec9nh, \u0110\u1ed9c \u0111\u00e1o v\u00e0 L\u1eddi khuy\u00ean cho Nh\u00e0 \u0111\u1ea7u t\u01b0 T\u00ecm c\u00e1ch B\u1ea3o v\u1ec7 V\u1ed1n c\u1ee7a h\u1ecd v\u00e0 \u0110a d\u1ea1ng h\u00f3a n\u00f3 tr\u00ean c\u00e1c Th\u1ecb tr\u01b0\u1eddng Qu\u1ed1c t\u1ebf. Chi\u1ebfn l\u01b0\u1ee3c \u0110\u1ed9c quy\u1ec1n t\u1eeb Pocket Option.","description_source":{"label":"Description","type":"textarea","formatted_value":"C\u1ed5 phi\u1ebfu ADR Argentina: Ho\u00e0n ch\u1ec9nh, \u0110\u1ed9c \u0111\u00e1o v\u00e0 L\u1eddi khuy\u00ean cho Nh\u00e0 \u0111\u1ea7u t\u01b0 T\u00ecm c\u00e1ch B\u1ea3o v\u1ec7 V\u1ed1n c\u1ee7a h\u1ecd v\u00e0 \u0110a d\u1ea1ng h\u00f3a n\u00f3 tr\u00ean c\u00e1c Th\u1ecb tr\u01b0\u1eddng Qu\u1ed1c t\u1ebf. Chi\u1ebfn l\u01b0\u1ee3c \u0110\u1ed9c quy\u1ec1n t\u1eeb Pocket Option."},"intro":"Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu ADR c\u1ee7a Argentina mang \u0111\u1ebfn nh\u1eefng c\u01a1 h\u1ed9i \u0111\u1ed9c \u0111\u00e1o cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng ch\u1ec9 t\u00ecm c\u00e1ch \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf m\u00e0 c\u00f2n b\u1ea3o v\u1ec7 b\u1ea3n th\u00e2n tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u1ecba ph\u01b0\u01a1ng. D\u1ef1a tr\u00ean ph\u00e2n t\u00edch d\u1eef li\u1ec7u g\u1ea7n \u0111\u00e2y v\u00e0 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh, cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 th\u1ef1c ti\u1ec5n b\u1ea1n c\u1ea7n \u0111\u1ec3 \u0111i\u1ec1u h\u01b0\u1edbng m\u1ed9t c\u00e1ch t\u1ef1 tin trong ph\u00e2n kh\u00fac chuy\u00ean bi\u1ec7t n\u00e0y c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh.","intro_source":{"label":"Intro","type":"text","formatted_value":"Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu ADR c\u1ee7a Argentina mang \u0111\u1ebfn nh\u1eefng c\u01a1 h\u1ed9i \u0111\u1ed9c \u0111\u00e1o cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng ch\u1ec9 t\u00ecm c\u00e1ch \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf m\u00e0 c\u00f2n b\u1ea3o v\u1ec7 b\u1ea3n th\u00e2n tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u1ecba ph\u01b0\u01a1ng. D\u1ef1a tr\u00ean ph\u00e2n t\u00edch d\u1eef li\u1ec7u g\u1ea7n \u0111\u00e2y v\u00e0 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh, cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 th\u1ef1c ti\u1ec5n b\u1ea1n c\u1ea7n \u0111\u1ec3 \u0111i\u1ec1u h\u01b0\u1edbng m\u1ed9t c\u00e1ch t\u1ef1 tin trong ph\u00e2n kh\u00fac chuy\u00ean bi\u1ec7t n\u00e0y c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>ADRs ch\u1ee9ng kho\u00e1n Argentina l\u00e0 g\u00ec?<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>ADRs (American Depositary Receipts) l\u00e0 c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina v\u00e0 to\u00e0n c\u1ea7u ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty nh\u01b0 YPF, Globant ho\u1eb7c Banco Macro tr\u1ef1c ti\u1ebfp tr\u00ean Wall Street, ho\u1ea1t \u0111\u1ed9ng b\u1eb1ng \u0111\u00f4 la v\u00e0 c\u00f3 s\u1ef1 b\u1ea3o v\u1ec7 theo quy \u0111\u1ecbnh c\u1ee7a Hoa K\u1ef3. C\u00e1c ch\u1ee9ng ch\u1ec9 n\u00e0y \u0111\u1ea1i di\u1ec7n cho c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty Argentina ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3, cho ph\u00e9p ho\u1ea1t \u0111\u1ed9ng tr\u00ean NYSE ho\u1eb7c NASDAQ.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u01a1 ch\u1ebf n\u00e0y ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3: m\u1ed9t ng\u00e2n h\u00e0ng l\u01b0u k\u00fd Hoa K\u1ef3 mua c\u1ed5 phi\u1ebfu tr\u00ean S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n Buenos Aires v\u00e0 ph\u00e1t h\u00e0nh c\u00e1c ch\u1ee9ng ch\u1ec9 c\u00f3 th\u1ec3 giao d\u1ecbch tr\u00ean Wall Street. M\u1ed7i ADR c\u00f3 th\u1ec3 \u0111\u1ea1i di\u1ec7n cho m\u1ed9t ho\u1eb7c nhi\u1ec1u c\u1ed5 phi\u1ebfu, t\u00f9y thu\u1ed9c v\u00e0o c\u1ea5u tr\u00fac ph\u00e1t h\u00e0nh do c\u00f4ng ty thi\u1ebft l\u1eadp.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>\u0110\u1eb7c \u0111i\u1ec3m<\/th><th>ADRs ch\u1ee9ng kho\u00e1n Argentina<\/th><th>C\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng<\/th><\/tr><\/thead><tbody><tr><td>\u0110\u01a1n v\u1ecb ti\u1ec1n t\u1ec7 ni\u00eam y\u1ebft<\/td><td>\u0110\u00f4 la M\u1ef9<\/td><td>Peso Argentina<\/td><\/tr><tr><td>Th\u1ecb tr\u01b0\u1eddng giao d\u1ecbch<\/td><td>NYSE, NASDAQ<\/td><td>BYMA (S\u1edf Giao d\u1ecbch v\u00e0 Th\u1ecb tr\u01b0\u1eddng Ch\u1ee9ng kho\u00e1n Argentina)<\/td><\/tr><tr><td>Quy \u0111\u1ecbnh \u00e1p d\u1ee5ng<\/td><td>SEC (Hoa K\u1ef3)<\/td><td>CNV (Argentina)<\/td><\/tr><tr><td>Gi\u1edd giao d\u1ecbch<\/td><td>9:30 - 16:00 (gi\u1edd New York)<\/td><td>11:00 - 17:00 (gi\u1edd Argentina)<\/td><\/tr><tr><td>Kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i<\/td><td>Cao<\/td><td>Trung b\u00ecnh-Th\u1ea5p<\/td><\/tr><tr><td>Kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn cho nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf<\/td><td>Trung b\u00ecnh-Cao (th\u00f4ng qua c\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0 Pocket Option)<\/td><td>Cao cho c\u01b0 d\u00e2n, th\u1ea5p cho ng\u01b0\u1eddi kh\u00f4ng c\u01b0 tr\u00fa<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c lo\u1ea1i ADRs v\u00e0 c\u00e1ch ch\u00fang ho\u1ea1t \u0111\u1ed9ng<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00f3 c\u00e1c m\u1ee9c \u0111\u1ed9 kh\u00e1c nhau c\u1ee7a ADRs ch\u1ee9ng kho\u00e1n Argentina, m\u1ed7i lo\u1ea1i c\u00f3 y\u00eau c\u1ea7u c\u1ee5 th\u1ec3 v\u00e0 l\u1ee3i \u00edch kh\u00e1c bi\u1ec7t:<\/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'>ADRs C\u1ea5p I: Ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng OTC (Over The Counter) v\u1edbi y\u00eau c\u1ea7u th\u00f4ng tin t\u1ed1i thi\u1ec3u. V\u00ed d\u1ee5: Central Puerto.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>ADRs C\u1ea5p II: C\u00f3 m\u1eb7t tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch ch\u00ednh th\u1ee9c nh\u01b0 NYSE m\u00e0 kh\u00f4ng cho ph\u00e9p huy \u0111\u1ed9ng v\u1ed1n m\u1edbi. V\u00ed d\u1ee5: Telecom Argentina (TEO).<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>ADRs C\u1ea5p III: Ni\u00eam y\u1ebft tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch ch\u00ednh th\u1ee9c v\u00e0 cho ph\u00e9p huy \u0111\u1ed9ng v\u1ed1n th\u00f4ng qua c\u00e1c \u0111\u1ee3t ch\u00e0o b\u00e1n c\u00f4ng khai. V\u00ed d\u1ee5: YPF (YPF).<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>ADRs Quy t\u1eafc 144A: Ph\u00e1t h\u00e0nh ri\u00eang t\u01b0 ch\u1ec9 d\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n. V\u00ed d\u1ee5: M\u1ed9t s\u1ed1 ph\u00e1t h\u00e0nh ri\u00eang t\u01b0 t\u1eeb IRSA.<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 c\u1ee5 th\u1ec3 nh\u01b0 c\u1ea3nh b\u00e1o gi\u00e1 v\u00e0 ph\u00e2n t\u00edch so s\u00e1nh ADR, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina b\u1ea3o v\u1ec7 v\u1ed1n c\u1ee7a h\u1ecd tr\u01b0\u1edbc l\u1ea1m ph\u00e1t \u0111\u1ecba ph\u01b0\u01a1ng trong khi ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u v\u1edbi s\u1ed1 ti\u1ec1n c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn t\u1eeb $10.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>L\u1ecbch s\u1eed v\u00e0 s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a ADRs Argentina tr\u00ean Wall Street<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Qu\u00e1 tr\u00ecnh c\u1ee7a c\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York b\u1eaft \u0111\u1ea7u t\u1eeb nh\u1eefng n\u0103m 1990 trong l\u00e0n s\u00f3ng t\u01b0 nh\u00e2n h\u00f3a, khi c\u00e1c c\u00f4ng ty ti\u00eau bi\u1ec3u nh\u01b0 YPF, Telecom Argentina v\u00e0 Banco Macro b\u1eaft \u0111\u1ea7u giao d\u1ecbch tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3, \u0111\u00e1nh d\u1ea5u m\u1ed9t c\u1ed9t m\u1ed1c trong vi\u1ec7c qu\u1ed1c t\u1ebf h\u00f3a v\u1ed1n Argentina.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ebf gi\u1edbi c\u1ed5 phi\u1ebfu ADR Argentina \u0111\u00e3 tr\u1ea3i qua c\u00e1c chu k\u1ef3 r\u00f5 r\u1ec7t ph\u1ea3n \u00e1nh s\u1ef1 bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf c\u1ee7a \u0111\u1ea5t n\u01b0\u1edbc. Sau s\u1ef1 s\u1ee5p \u0111\u1ed5 2001-2002, nhi\u1ec1u c\u00f4ng ty \u0111\u00e3 tr\u1ea3i qua s\u1ef1 m\u1ea5t gi\u00e1 nghi\u00eam tr\u1ecdng c\u1ee7a ADRs, m\u1eb7c d\u00f9 m\u1ed9t s\u1ed1 \u0111\u00e3 ph\u1ee5c h\u1ed3i v\u00e0 c\u1ee7ng c\u1ed1 s\u1ef1 hi\u1ec7n di\u1ec7n qu\u1ed1c t\u1ebf c\u1ee7a h\u1ecd.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Giai \u0111o\u1ea1n<\/th><th>C\u00e1c c\u1ed9t m\u1ed1c quan tr\u1ecdng cho ADRs ch\u1ee9ng kho\u00e1n Argentina<\/th><\/tr><\/thead><tbody><tr><td>1993-1999<\/td><td>L\u00e0n s\u00f3ng ph\u00e1t h\u00e0nh \u0111\u1ea7u ti\u00ean (YPF \u0111\u1ea1t \u0111\u01b0\u1ee3c v\u1ed1n h\u00f3a l\u1edbn nh\u1ea5t cho m\u1ed9t ADR M\u1ef9 Latinh)<\/td><\/tr><tr><td>2001-2002<\/td><td>Kh\u1ee7ng ho\u1ea3ng \"Corralito\", ADRs Argentina m\u1ea5t \u0111\u1ebfn 90% gi\u00e1 tr\u1ecb<\/td><\/tr><tr><td>2003-2007<\/td><td>Ph\u1ee5c h\u1ed3i d\u1ea7n, Tenaris v\u00e0 Globant n\u1ed5i l\u00ean nh\u01b0 nh\u1eefng nh\u00e0 l\u00e3nh \u0111\u1ea1o m\u1edbi<\/td><\/tr><tr><td>2015-2017<\/td><td>\u0110\u1ee3t t\u0103ng gi\u00e1 sau thay \u0111\u1ed5i ch\u00ednh ph\u1ee7, ADRs ng\u00e2n h\u00e0ng t\u0103ng g\u1ea5p ba l\u1ea7n gi\u00e1 tr\u1ecb<\/td><\/tr><tr><td>2018-2020<\/td><td>Kh\u1ee7ng ho\u1ea3ng ti\u1ec1n t\u1ec7 v\u00e0 v\u1ee1 n\u1ee3 ch\u1ecdn l\u1ecdc, t\u00e1c \u0111\u1ed9ng nghi\u00eam tr\u1ecdng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1<\/td><\/tr><tr><td>2021-2024<\/td><td>Th\u00edch \u1ee9ng sau \u0111\u1ea1i d\u1ecbch, t\u00e1i c\u1ea5u tr\u00fac sau thay \u0111\u1ed5i ch\u00ednh ph\u1ee7 n\u0103m 2023, c\u00e1c c\u00f4ng ty c\u00f4ng ngh\u1ec7 Argentina d\u1eabn \u0111\u1ea7u ph\u1ee5c h\u1ed3i<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec7n t\u1ea1i, c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay \u0111\u1ea1i di\u1ec7n cho m\u1ed9t kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch \u0111\u00e1ng k\u1ec3, th\u01b0\u1eddng v\u01b0\u1ee3t qu\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng. Trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p nh\u01b0 MercadoLibre v\u00e0 Globant, h\u01a1n 90% giao d\u1ecbch c\u1ee7a h\u1ecd di\u1ec5n ra tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option \u0111\u00e3 d\u00e2n ch\u1ee7 h\u00f3a vi\u1ec7c ti\u1ebfp c\u1eadn ADRs Argentina b\u1eb1ng c\u00e1ch gi\u1ea3m r\u00e0o c\u1ea3n gia nh\u1eadp v\u1edbi c\u00e1c kho\u1ea3n ti\u1ec1n g\u1eedi t\u1ed1i thi\u1ec3u d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 gi\u00e1o d\u1ee5c b\u1eb1ng ti\u1ebfng T\u00e2y Ban Nha \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf \u0111\u1eb7c bi\u1ec7t cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 M\u1ef9 Latinh, bao g\u1ed3m c\u00e1c h\u1ed9i th\u1ea3o \u0111\u1ed9c quy\u1ec1n v\u1ec1 c\u00e1ch giao d\u1ecbch ADRs Argentina trong c\u00e1c giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>\u01afu \u0111i\u1ec3m v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a vi\u1ec7c \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ADRs Argentina<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ADRs Argentina mang l\u1ea1i m\u1ed9t h\u1ed3 s\u01a1 r\u1ee7i ro-l\u1ee3i nhu\u1eadn c\u1ee5 th\u1ec3 c\u1ea7n \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 c\u1ea9n th\u1eadn theo c\u00e1c m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h4 class='po-article-page__title'>\u01afu \u0111i\u1ec3m:<\/h4><\/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\u1ea3o v\u1ec7 ti\u1ec1n t\u1ec7: Ho\u1ea1t \u0111\u1ed9ng b\u1eb1ng \u0111\u00f4 la gi\u00fap gi\u1ea3m thi\u1ec3u r\u1ee7i ro m\u1ea5t gi\u00e1 c\u1ee7a peso Argentina<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thanh kho\u1ea3n cao h\u01a1n: Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch cao g\u1ea5p 5 l\u1ea7n so v\u1edbi th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng cho c\u00e1c c\u00f4ng ty nh\u01b0 YPF<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Minh b\u1ea1ch quy \u0111\u1ecbnh: Ti\u00eau chu\u1ea9n SEC nghi\u00eam ng\u1eb7t h\u01a1n y\u00eau c\u1ea7u b\u00e1o c\u00e1o h\u00e0ng qu\u00fd chi ti\u1ebft<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn th\u1eddi gian: Ho\u1ea1t \u0111\u1ed9ng t\u01b0\u01a1ng th\u00edch v\u1edbi m\u00fai gi\u1edd M\u1ef9 v\u00e0 ch\u00e2u \u00c2u<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a \u0111\u1ecba l\u00fd trong khi duy tr\u00ec s\u1ef1 ti\u1ebfp x\u00fac chi\u1ebfn l\u01b0\u1ee3c v\u1edbi c\u00e1c ng\u00e0nh quan tr\u1ecdng c\u1ee7a Argentina<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><h4 class='po-article-page__title'>Nh\u01b0\u1ee3c \u0111i\u1ec3m:<\/h4><\/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'>R\u1ee7i ro qu\u1ed1c gia: Ti\u1ebfp x\u00fac v\u1edbi c\u00e1c h\u1ea1n ch\u1ebf ti\u1ec1n t\u1ec7 ti\u1ec1m n\u0103ng ho\u1eb7c can thi\u1ec7p quy \u0111\u1ecbnh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi ph\u00ed b\u1ed5 sung: Hoa h\u1ed3ng 0,05%-0,1% cho l\u01b0u k\u00fd v\u00e0 chuy\u1ec3n \u0111\u1ed5i c\u1ed5 t\u1ee9c<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00eanh l\u1ec7ch gi\u00e1: Kho\u1ea3ng c\u00e1ch t\u1ea1m th\u1eddi gi\u1eefa b\u00e1o gi\u00e1 \u0111\u1ecba ph\u01b0\u01a1ng v\u00e0 ADRs (arbitrage CCL)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u00e1c \u0111\u1ed9ng quy \u0111\u1ecbnh: Thay \u0111\u1ed5i trong quy \u0111\u1ecbnh ngo\u1ea1i h\u1ed1i c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn h\u1ed3i h\u01b0\u01a1ng c\u1ed5 t\u1ee9c<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u1ee9c t\u1ea1p v\u1ec1 thu\u1ebf: Kh\u1ea3 n\u0103ng b\u1ecb \u0111\u00e1nh thu\u1ebf k\u00e9p y\u00eau c\u1ea7u l\u1eadp k\u1ebf ho\u1ea1ch thu\u1ebf c\u1ee5 th\u1ec3<\/li><\/ul><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>H\u1ed3 s\u01a1 nh\u00e0 \u0111\u1ea7u t\u01b0<\/th><th>S\u1ef1 ph\u00f9 h\u1ee3p cho ADRs Argentina<\/th><th>Khuy\u1ebfn ngh\u1ecb v\u00e0 ph\u00e2n b\u1ed5 \u0111\u1ec1 xu\u1ea5t<\/th><\/tr><\/thead><tbody><tr><td>B\u1ea3o th\u1ee7<\/td><td>Th\u1ea5p-Trung b\u00ecnh<\/td><td>T\u1ed1i \u0111a 5-10% danh m\u1ee5c, t\u1eadp trung v\u00e0o ADRs c\u1ee7a c\u00e1c c\u00f4ng ty nh\u01b0 Globant ho\u1eb7c MercadoLibre<\/td><\/tr><tr><td>Trung b\u00ecnh<\/td><td>Trung b\u00ecnh<\/td><td>15-25% danh m\u1ee5c, k\u1ebft h\u1ee3p c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 (60%) v\u00e0 n\u0103ng l\u01b0\u1ee3ng (40%)<\/td><\/tr><tr><td>M\u1ea1o hi\u1ec3m<\/td><td>Trung b\u00ecnh-Cao<\/td><td>30-40% danh m\u1ee5c, bao g\u1ed3m t\u00e0i ch\u00ednh nh\u01b0 GGAL v\u00e0 BMA (t\u1ed1i \u0111a 30% ph\u00e2n b\u1ed5)<\/td><\/tr><tr><td>\u0110\u1ea7u c\u01a1<\/td><td>Cao<\/td><td>50%+ danh m\u1ee5c, k\u1ebft h\u1ee3p c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch t\u00edch c\u1ef1c trong ADRs v\u1ed1n h\u00f3a th\u1ea5p h\u01a1n<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 chuy\u00ean bi\u1ec7t \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 c\u00e1c y\u1ebfu t\u1ed1 r\u1ee7i ro-l\u1ee3i nhu\u1eadn n\u00e0y, bao g\u1ed3m ph\u00e2n t\u00edch t\u01b0\u01a1ng quan gi\u1eefa ADRs Argentina v\u00e0 b\u1ea3ng \u0111i\u1ec1u khi\u1ec3n t\u00f9y ch\u1ec9nh hi\u1ec3n th\u1ecb c\u00e1c ch\u1ec9 s\u1ed1 ch\u00ednh cho t\u1eebng h\u1ed3 s\u01a1 nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c c\u1ed5 phi\u1ebfu ch\u00ednh c\u1ee7a Argentina c\u00f3 s\u1eb5n d\u01b0\u1edbi d\u1ea1ng ADRs<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ebf gi\u1edbi c\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York bao g\u1ed3m c\u00e1c ng\u00e0nh chi\u1ebfn l\u01b0\u1ee3c \u0111a d\u1ea1ng, t\u1eeb n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e0i ch\u00ednh \u0111\u1ebfn c\u00f4ng ngh\u1ec7 \u0111\u1ed9t ph\u00e1 v\u00e0 th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed. M\u1ed7i ADR cung c\u1ea5p s\u1ef1 ti\u1ebfp x\u00fac v\u1edbi c\u00e1c \u0111\u1ed9ng l\u1ef1c kinh t\u1ebf kh\u00e1c nhau trong b\u1ed1i c\u1ea3nh Argentina.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>C\u00f4ng ty<\/th><th>M\u00e3 ADR<\/th><th>Ng\u00e0nh<\/th><th>\u0110\u1eb7c \u0111i\u1ec3m v\u00e0 hi\u1ec7u su\u1ea5t g\u1ea7n \u0111\u00e2y<\/th><\/tr><\/thead><tbody><tr><td>YPF<\/td><td>YPF<\/td><td>N\u0103ng l\u01b0\u1ee3ng<\/td><td>\u0110\u1ee9ng \u0111\u1ea7u trong s\u1ea3n xu\u1ea5t d\u1ea7u, ti\u1ebfp x\u00fac m\u1ea1nh v\u1edbi Vaca Muerta. +45% trong 12 th\u00e1ng sau thay \u0111\u1ed5i ch\u00ednh s\u00e1ch n\u0103ng l\u01b0\u1ee3ng.<\/td><\/tr><tr><td>Grupo Financiero Galicia<\/td><td>GGAL<\/td><td>T\u00e0i ch\u00ednh<\/td><td>Ng\u00e2n h\u00e0ng t\u01b0 nh\u00e2n l\u1edbn nh\u1ea5t Argentina theo v\u1ed1n h\u00f3a. +70% trong 12 th\u00e1ng nh\u1edd k\u1ef3 v\u1ecdng b\u00ecnh th\u01b0\u1eddng h\u00f3a ti\u1ec1n t\u1ec7.<\/td><\/tr><tr><td>Banco Macro<\/td><td>BMA<\/td><td>T\u00e0i ch\u00ednh<\/td><td>S\u1ef1 hi\u1ec7n di\u1ec7n m\u1ea1nh m\u1ebd \u1edf c\u00e1c t\u1ec9nh Argentina. +65% trong 12 th\u00e1ng v\u1edbi c\u1ea3i thi\u1ec7n ch\u1ea5t l\u01b0\u1ee3ng danh m\u1ee5c.<\/td><\/tr><tr><td>Telecom Argentina<\/td><td>TEO<\/td><td>Vi\u1ec5n th\u00f4ng<\/td><td>Nh\u00e0 cung c\u1ea5p d\u1ecbch v\u1ee5 truy\u1ec1n th\u00f4ng t\u00edch h\u1ee3p. Hi\u1ec7u su\u1ea5t h\u1ed7n h\u1ee3p do th\u00e1ch th\u1ee9c quy \u0111\u1ecbnh v\u00e0 \u00e1p l\u1ef1c gi\u00e1 c\u01b0\u1edbc.<\/td><\/tr><tr><td>Globant<\/td><td>GLOB<\/td><td>C\u00f4ng ngh\u1ec7<\/td><td>Tham chi\u1ebfu trong chuy\u1ec3n \u0111\u1ed5i s\u1ed1 v\u1edbi kh\u00e1ch h\u00e0ng to\u00e0n c\u1ea7u nh\u01b0 Disney v\u00e0 EA. +25% trong 12 th\u00e1ng.<\/td><\/tr><tr><td>MercadoLibre<\/td><td>MELI<\/td><td>Th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed<\/td><td>\u0110\u1ee9ng \u0111\u1ea7u khu v\u1ef1c trong th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed v\u00e0 fintech. +60% trong 12 th\u00e1ng v\u1edbi s\u1ef1 m\u1edf r\u1ed9ng c\u1ee7a Mercado Pago.<\/td><\/tr><tr><td>Pampa Energ\u00eda<\/td><td>PAM<\/td><td>N\u0103ng l\u01b0\u1ee3ng\/Ti\u1ec7n \u00edch<\/td><td>C\u00f4ng ty t\u00edch h\u1ee3p v\u1edbi s\u1ea3n xu\u1ea5t, ph\u00e2n ph\u1ed1i v\u00e0 th\u0103m d\u00f2. +40% trong 12 th\u00e1ng sau t\u00e1i c\u1ea5u tr\u00fac gi\u00e1 c\u01b0\u1edbc.<\/td><\/tr><tr><td>IRSA<\/td><td>IRS<\/td><td>B\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/td><td>Ch\u1ee7 s\u1edf h\u1eefu c\u1ee7a c\u00e1c trung t\u00e2m mua s\u1eafm v\u00e0 t\u00f2a nh\u00e0 v\u0103n ph\u00f2ng cao c\u1ea5p. +30% ph\u1ee5c h\u1ed3i t\u1eeb m\u1ee9c th\u1ea5p sau \u0111\u1ea1i d\u1ecbch.<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu ADRs Argentina c\u00f3 h\u1ed3 s\u01a1 r\u1ee7i ro kh\u00e1c bi\u1ec7t. C\u00e1c c\u00f4ng ty c\u00f4ng ngh\u1ec7 nh\u01b0 Globant v\u00e0 MercadoLibre \u0111\u00e3 cho th\u1ea5y t\u01b0\u01a1ng quan th\u1ea5p (0.3-0.4) v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 \u0111\u1ecba ph\u01b0\u01a1ng Argentina, trong khi c\u00e1c ng\u00e2n h\u00e0ng nh\u01b0 Galicia duy tr\u00ec t\u01b0\u01a1ng quan tr\u00ean 0.8 v\u1edbi Merval.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt theo th\u1eddi gian th\u1ef1c v\u00e0 c\u1ea3nh b\u00e1o t\u00f9y ch\u1ec9nh cho t\u1eebng ADR n\u00e0y, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng c\u00e1c chuy\u1ec3n \u0111\u1ed9ng c\u1ee5 th\u1ec3 c\u1ee7a c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay m\u00e0 kh\u00f4ng c\u1ea7n ph\u1ea3i li\u00ean t\u1ee5c theo d\u00f5i th\u1ecb tr\u01b0\u1eddng. N\u1ec1n t\u1ea3ng c\u0169ng cung c\u1ea5p so s\u00e1nh ng\u00e0nh \u0111\u1ed9c quy\u1ec1n x\u00e1c \u0111\u1ecbnh s\u1ef1 lu\u00e2n chuy\u1ec3n gi\u1eefa c\u00e1c ADRs Argentina kh\u00e1c nhau.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 cho c\u1ed5 phi\u1ebfu ADRs Argentina<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e1t tri\u1ec3n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c hi\u1ec7u qu\u1ea3 cho c\u1ed5 phi\u1ebfu ADRs Argentina \u0111\u00f2i h\u1ecfi m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn \u0111a chi\u1ec1u t\u00edch h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 k\u1ef9 thu\u1eadt, c\u01a1 b\u1ea3n v\u00e0 b\u1ed1i c\u1ea3nh c\u1ee5 th\u1ec3 cho th\u1ecb tr\u01b0\u1eddng Argentina, th\u00edch \u1ee9ng v\u1edbi t\u1eebng t\u00ecnh hu\u1ed1ng c\u1ee5 th\u1ec3.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt cho ADRs Argentina<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u00f3 \u00fd ngh\u0129a \u0111\u1eb7c bi\u1ec7t trong c\u1ed5 phi\u1ebfu ADRs Argentina do c\u00e1c m\u00f4 h\u00ecnh bi\u1ebfn \u0111\u1ed9ng \u0111\u1eb7c tr\u01b0ng v\u00e0 c\u00e1c chuy\u1ec3n \u0111\u1ed9ng c\u00f3 h\u01b0\u1edbng r\u00f5 r\u1ec7t. C\u00e1c c\u00f4ng c\u1ee5 k\u1ef9 thu\u1eadt hi\u1ec7u qu\u1ea3 nh\u1ea5t bao g\u1ed3m:<\/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'>H\u1ed7 tr\u1ee3 v\u00e0 kh\u00e1ng c\u1ef1 ch\u00ednh: \u0110\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 trong YPF n\u01a1i c\u00e1c m\u1ee9c nh\u01b0 $12, $15 v\u00e0 $18 \u0111\u00e3 ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00e1c \u0111i\u1ec3m xoay quan tr\u1ecdng trong 2023-2024<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch kh\u1ed1i l\u01b0\u1ee3ng: Quan tr\u1ecdng \u0111\u1ec3 x\u00e1c nh\u1eadn c\u00e1c chuy\u1ec3n \u0111\u1ed9ng trong ADRs ng\u00e2n h\u00e0ng nh\u01b0 GGAL, n\u01a1i kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng \u0111\u1ed9t bi\u1ebfn g\u1ea5p 3 l\u1ea7n so v\u1edbi trung b\u00ecnh th\u01b0\u1eddng d\u1ef1 \u0111o\u00e1n thay \u0111\u1ed5i xu h\u01b0\u1edbng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng: EMA 50 ng\u00e0y v\u00e0 SMA 200 ng\u00e0y ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00e1c ch\u1ec9 b\u00e1o \u0111\u00e1ng tin c\u1eady cho MELI, t\u1ea1o ra c\u00e1c t\u00edn hi\u1ec7u h\u1ee3p l\u1ec7 trong h\u01a1n 70% c\u00e1c l\u1ea7n giao c\u1eaft<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u1ec9 b\u00e1o \u0111\u1ed9ng l\u01b0\u1ee3ng: RSI v\u1edbi c\u1ea5u h\u00ecnh 14 trong khung th\u1eddi gian h\u00e0ng ng\u00e0y \u0111\u00e3 x\u00e1c \u0111\u1ecbnh ch\u00ednh x\u00e1c c\u00e1c \u0111i\u1ec1u ki\u1ec7n qu\u00e1 b\u00e1n trong ADRs t\u00e0i ch\u00ednh trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng thanh kho\u1ea3n<\/li><\/ul><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Chi\u1ebfn l\u01b0\u1ee3c k\u1ef9 thu\u1eadt<\/th><th>\u1ee8ng d\u1ee5ng trong ADRs Argentina<\/th><th>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf<\/th><\/tr><\/thead><tbody><tr><td>Giao d\u1ecbch trong ph\u1ea1m vi<\/td><td>T\u1eadn d\u1ee5ng dao \u0111\u1ed9ng trong c\u00e1c d\u1ea3i gi\u00e1 x\u00e1c \u0111\u1ecbnh<\/td><td>GGAL dao \u0111\u1ed9ng gi\u1eefa $10-15 trong c\u00e1c giai \u0111o\u1ea1n kh\u00f4ng ch\u1eafc ch\u1eafn b\u1ea7u c\u1eed (2021-2023), t\u1ea1o ra nhi\u1ec1u c\u01a1 h\u1ed9i v\u00e0o v\u00e0 ra<\/td><\/tr><tr><td>Theo d\u00f5i xu h\u01b0\u1edbng<\/td><td>\u0110\u1ecbnh v\u1ecb theo h\u01b0\u1edbng c\u1ee7a xu h\u01b0\u1edbng ch\u00ednh<\/td><td>GLOB trong xu h\u01b0\u1edbng t\u0103ng b\u1ec1n v\u1eefng t\u1eeb n\u0103m 2020, n\u01a1i c\u00e1c chi\u1ebfn l\u01b0\u1ee3c pullback \u0111\u1ebfn EMA 50 t\u1ea1o ra c\u00e1c \u0111i\u1ec3m v\u00e0o hi\u1ec7u qu\u1ea3<\/td><\/tr><tr><td>Ph\u00e2n k\u1ef3<\/td><td>X\u00e1c \u0111\u1ecbnh s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 v\u00e0 ch\u1ec9 b\u00e1o<\/td><td>YPF cho th\u1ea5y ph\u00e2n k\u1ef3 d\u01b0\u01a1ng trong RSI trong Q4 2022, d\u1ef1 \u0111o\u00e1n \u0111\u1ee3t t\u0103ng +60% sau \u0111\u00f3<\/td><\/tr><tr><td>M\u00f4 h\u00ecnh n\u1ebfn Nh\u1eadt<\/td><td>Nh\u1eadn di\u1ec7n c\u00e1c h\u00ecnh th\u00e0nh d\u1ef1 \u0111o\u00e1n c\u1ee5 th\u1ec3<\/td><td>M\u00f4 h\u00ecnh \"Morning star\" trong BMA (th\u00e1ng 2 n\u0103m 2023) d\u1ef1 \u0111o\u00e1n m\u1ed9t chuy\u1ec3n \u0111\u1ed9ng t\u0103ng +35% trong 8 tu\u1ea7n<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p bi\u1ec3u \u0111\u1ed3 n\u00e2ng cao v\u1edbi h\u01a1n 100 ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt c\u00f3 th\u1ec3 t\u00f9y ch\u1ec9nh, cho ph\u00e9p nh\u1eadn di\u1ec7n c\u00e1c m\u00f4 h\u00ecnh c\u1ee5 th\u1ec3 cho t\u1eebng ADR Argentina. H\u1ec7 th\u1ed1ng c\u1ea3nh b\u00e1o t\u1ef1 \u0111\u1ed9ng c\u1ee7a n\u00f3 ph\u00e1t hi\u1ec7n c\u00e1c h\u00ecnh th\u00e0nh n\u1ebfn quan tr\u1ecdng nh\u01b0 \"engulfing\" ho\u1eb7c \"hammer\" \u0111\u00e3 ch\u1ee9ng minh hi\u1ec7u qu\u1ea3 cao trong c\u00e1c ch\u1ee9ng kho\u00e1n n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n cho c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n c\u1ee7a c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay \u0111\u00f2i h\u1ecfi m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn kh\u00e1c bi\u1ec7t xem x\u00e9t c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf v\u0129 m\u00f4 Argentina v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a n\u00f3 \u0111\u1ebfn k\u1ebft qu\u1ea3 doanh nghi\u1ec7p:<\/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\u00e1o c\u00e1o t\u00e0i ch\u00ednh b\u1eb1ng \u0111\u00f4 la: Ph\u00e2n t\u00edch t\u0103ng tr\u01b0\u1edfng doanh thu b\u1eb1ng ti\u1ec1n t\u1ec7 c\u1ee9ng, lo\u1ea1i b\u1ecf c\u00e1c bi\u1ebfn d\u1ea1ng t\u1eeb l\u1ea1m ph\u00e1t h\u00e0ng n\u0103m +200% \u1edf Argentina<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>So s\u00e1nh b\u1ed9i s\u1ed1: YPF giao d\u1ecbch \u1edf P\/E 5-6x so v\u1edbi 8-10x cho c\u00e1c c\u00f4ng ty d\u1ea7u kh\u00ed M\u1ef9 Latinh t\u01b0\u01a1ng \u0111\u01b0\u01a1ng, ch\u1ec9 ra ti\u1ec1m n\u0103ng t\u00e1i \u0111\u1ecbnh gi\u00e1<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u00e1c \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i: \u0110\u00e1nh gi\u00e1 c\u00e1ch kho\u1ea3ng c\u00e1ch t\u1ef7 gi\u00e1 20-50% \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chuy\u1ec3n \u0111\u1ed5i k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u00e1m s\u00e1t quy \u0111\u1ecbnh: Theo d\u00f5i c\u00e1c quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 cho c\u00e1c ng\u00e0nh nh\u01b0 n\u0103ng l\u01b0\u1ee3ng, n\u01a1i ch\u00ednh s\u00e1ch gi\u00e1 c\u01b0\u1edbc tr\u1ef1c ti\u1ebfp \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn k\u1ebft qu\u1ea3 c\u1ee7a PAM v\u00e0 TGS<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1edf r\u1ed9ng qu\u1ed1c t\u1ebf: \u0110\u1ecbnh gi\u00e1 c\u00e1c c\u00f4ng ty nh\u01b0 GLOB v\u00e0 MELI v\u1edbi h\u01a1n 80% doanh thu ngo\u00e0i Argentina nh\u01b0 nh\u1eefng ng\u01b0\u1eddi gi\u1ea3m thi\u1ec3u r\u1ee7i ro \u0111\u1ecba ph\u01b0\u01a1ng t\u1ef1 nhi\u00ean<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 ph\u00e2n t\u00edch s\u1eed d\u1ee5ng Pocket Option truy c\u1eadp c\u00e1c b\u00e1o c\u00e1o c\u01a1 b\u1ea3n c\u1eadp nh\u1eadt v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 c\u1ee5 th\u1ec3 cho b\u1ed1i c\u1ea3nh Argentina, ch\u1eb3ng h\u1ea1n nh\u01b0 t\u1ef7 l\u1ec7 \"Doanh thu USD so v\u1edbi Chi ph\u00ed ARS\" \u0111o l\u01b0\u1eddng s\u1ef1 ti\u1ebfp x\u00fac hi\u1ec7u qu\u1ea3 v\u1edbi r\u1ee7i ro t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i, ho\u1eb7c ch\u1ec9 s\u1ed1 \"\u0110a d\u1ea1ng h\u00f3a \u0110\u1ecba l\u00fd\" \u0111\u1ecbnh l\u01b0\u1ee3ng s\u1ef1 ph\u1ee5 thu\u1ed9c v\u00e0o th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York ph\u1ea3n \u1ee9ng v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 c\u1ee5 th\u1ec3 v\u1edbi \u0111\u1ed9 nh\u1ea1y cao h\u01a1n so v\u1edbi c\u00e1c ch\u1ee9ng kho\u00e1n kh\u00e1c ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3. \u0110\u1ed9ng l\u1ef1c n\u00e0y t\u1ea1o ra c\u1ea3 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u00e0 c\u01a1 h\u1ed9i chi\u1ebfn thu\u1eadt cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u1ed5 phi\u1ebfu ADRs Argentina<\/th><th>V\u00ed d\u1ee5 l\u1ecbch s\u1eed c\u1ee5 th\u1ec3<\/th><\/tr><\/thead><tbody><tr><td>Kho\u1ea3ng c\u00e1ch t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i (ch\u00ednh th\u1ee9c so v\u1edbi CCL)<\/td><td>Cao - X\u00e1c \u0111\u1ecbnh chuy\u1ec3n \u0111\u1ed5i hi\u1ec7u qu\u1ea3 c\u1ee7a k\u1ebft qu\u1ea3 t\u1eeb peso sang \u0111\u00f4 la<\/td><td>Kho\u1ea3ng c\u00e1ch m\u1edf r\u1ed9ng \u0111\u1ebfn 120% v\u00e0o n\u0103m 2022 g\u00e2y ra s\u1ef1 s\u1ee5t gi\u1ea3m 35% trong ADRs ng\u00e2n h\u00e0ng trong 4 tu\u1ea7n<\/td><\/tr><tr><td>L\u1ea1m ph\u00e1t<\/td><td>Trung b\u00ecnh-Cao - \u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng v\u00e0 s\u1ee9c mua trong n\u01b0\u1edbc<\/td><td>S\u1ef1 t\u0103ng t\u1ed1c l\u1ea1m ph\u00e1t n\u0103m 2023 \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c \u0111\u1ebfn IRSA (-20%) do ti\u00eau d\u00f9ng gi\u1ea3m trong c\u00e1c trung t\u00e2m mua s\u1eafm<\/td><\/tr><tr><td>R\u1ee7i ro qu\u1ed1c gia (EMBI)<\/td><td>Cao - Ph\u1ea3n \u00e1nh ph\u00ed b\u1ea3o hi\u1ec3m r\u1ee7i ro y\u00eau c\u1ea7u v\u00e0 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1<\/td><td>Gi\u1ea3m t\u1eeb 2500 xu\u1ed1ng 1500 \u0111i\u1ec3m v\u00e0o n\u0103m 2021 \u0111\u00e3 k\u00edch ho\u1ea1t m\u1ed9t \u0111\u1ee3t t\u0103ng +80% trong SUPV v\u00e0 +65% trong BMA<\/td><\/tr><tr><td>D\u1ef1 tr\u1eef qu\u1ed1c t\u1ebf<\/td><td>Trung b\u00ecnh-Cao - Ch\u1ec9 s\u1ed1 ch\u00ednh v\u1ec1 kh\u1ea3 n\u0103ng thanh to\u00e1n b\u00ean ngo\u00e0i<\/td><td>D\u1ef1 tr\u1eef r\u00f2ng gi\u1ea3m xu\u1ed1ng m\u1ee9c t\u1ed1i thi\u1ec3u v\u00e0o n\u0103m 2022-2023 g\u00e2y ra b\u00e1n th\u00e1o l\u1edbn trong ADRs t\u00e0i ch\u00ednh<\/td><\/tr><tr><td>Chu k\u1ef3 ch\u00ednh tr\u1ecb\/b\u1ea7u c\u1eed<\/td><td>Cao - T\u1ea1o ra k\u1ef3 v\u1ecdng v\u1ec1 thay \u0111\u1ed5i ch\u00ednh s\u00e1ch kinh t\u1ebf<\/td><td>K\u1ebft qu\u1ea3 b\u1ea7u c\u1eed n\u0103m 2023 \u0111\u00e3 k\u00edch ho\u1ea1t m\u1ed9t \u0111\u1ee3t t\u0103ng +110% trong ADRs n\u0103ng l\u01b0\u1ee3ng trong 6 th\u00e1ng<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh c\u00f3 kinh nghi\u1ec7m trong c\u1ed5 phi\u1ebfu ADRs Argentina ph\u00e1t tri\u1ec3n m\u1ed9t l\u1ecbch c\u1ee5 th\u1ec3 bao g\u1ed3m c\u00e1c s\u1ef1 ki\u1ec7n quan tr\u1ecdng c\u00f3 t\u00e1c \u0111\u1ed9ng \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh:<\/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'>C\u00f4ng b\u1ed1 l\u1ea1m ph\u00e1t h\u00e0ng th\u00e1ng (ng\u00e0y 15) - T\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ADRs ti\u00eau d\u00f9ng v\u00e0 b\u00e1n l\u1ebb nh\u01b0 IRSA<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ea5u gi\u00e1 n\u1ee3 c\u00f4ng (ng\u00e0y thay \u0111\u1ed5i) - Chuy\u1ec3n \u0111\u1ed9ng 5-10% trong ADRs t\u00e0i ch\u00ednh theo k\u1ebft qu\u1ea3<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u00f4ng b\u00e1o ch\u00ednh s\u00e1ch t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i (kh\u00f4ng th\u1ec3 \u0111o\u00e1n tr\u01b0\u1edbc) - T\u1ea1o ra s\u1ef1 bi\u1ebfn \u0111\u1ed9ng ngay l\u1eadp t\u1ee9c v\u1edbi chuy\u1ec3n \u0111\u1ed9ng 8-15% trong t\u1ea5t c\u1ea3 ADRs<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u00e1nh gi\u00e1 h\u00e0ng qu\u00fd v\u1edbi IMF - \u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn nh\u1eadn th\u1ee9c r\u1ee7i ro ch\u1ee7 quy\u1ec1n v\u1edbi chuy\u1ec3n \u0111\u1ed9ng 5-20% trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1eef li\u1ec7u c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i (ng\u00e0y 20) - T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn k\u1ef3 v\u1ecdng v\u1ec1 kh\u1ea3 n\u0103ng cung c\u1ea5p ti\u1ec1n t\u1ec7 v\u00e0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option t\u00edch h\u1ee3p c\u00e1c ng\u00e0y n\u00e0y v\u00e0o l\u1ecbch kinh t\u1ebf \u0111\u1ed9c quy\u1ec1n c\u1ee7a m\u00ecnh cho ADRs Argentina, v\u1edbi th\u00f4ng b\u00e1o c\u00e1 nh\u00e2n h\u00f3a v\u00e0 ph\u00e2n t\u00edch tr\u01b0\u1edbc m\u1ed7i c\u00f4ng b\u1ed1 quan tr\u1ecdng. H\u1ec7 th\u1ed1ng c\u1ea3nh b\u00e1o c\u1ee7a n\u00f3 d\u1ef1 \u0111o\u00e1n c\u00e1c s\u1ef1 ki\u1ec7n tr\u01b0\u1edbc 72 gi\u1edd, cho ph\u00e9p \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c trong c\u00e1c v\u1ecb tr\u00ed m\u1edf.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>So s\u00e1nh: \u0110\u1ea7u t\u01b0 v\u00e0o Argentina so v\u1edbi ADRs t\u1ea1i Hoa K\u1ef3<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng Argentina, quy\u1ebft \u0111\u1ecbnh gi\u1eefa vi\u1ec7c ho\u1ea1t \u0111\u1ed9ng t\u1ea1i \u0111\u1ecba ph\u01b0\u01a1ng ho\u1eb7c th\u00f4ng qua c\u1ed5 phi\u1ebfu ADRs Argentina li\u00ean quan \u0111\u1ebfn vi\u1ec7c \u0111\u00e1nh gi\u00e1 nhi\u1ec1u bi\u1ebfn s\u1ed1 ho\u1ea1t \u0111\u1ed9ng, thu\u1ebf v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn k\u1ebft qu\u1ea3.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Kh\u00eda c\u1ea1nh<\/th><th>Th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng (BYMA)<\/th><th>ADRs tr\u00ean Wall Street<\/th><\/tr><\/thead><tbody><tr><td>Ti\u1ebfp x\u00fac ti\u1ec1n t\u1ec7<\/td><td>B\u1eb1ng peso Argentina, d\u1ec5 b\u1ecb m\u1ea5t gi\u00e1<\/td><td>B\u1eb1ng \u0111\u00f4 la M\u1ef9, b\u1ea3o v\u1ec7 t\u1ef1 nhi\u00ean ch\u1ed1ng l\u1ea1i s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a peso<\/td><\/tr><tr><td>Thanh kho\u1ea3n<\/td><td>Th\u1ea5p h\u01a1n (kh\u1ed1i l\u01b0\u1ee3ng th\u1ea5p h\u01a1n 50-80% cho c\u00f9ng t\u00e0i s\u1ea3n)<\/td><td>Cao h\u01a1n, \u0111\u1eb7c bi\u1ec7t cho YPF, GGAL, MELI v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y &gt;$50M<\/td><\/tr><tr><td>Chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng<\/td><td>0.5-1% cho c\u01b0 d\u00e2n Argentina bao g\u1ed3m thu\u1ebf<\/td><td>0.1-0.3% trong hoa h\u1ed3ng c\u1ed9ng v\u1edbi 0.05% cho l\u01b0u k\u00fd qu\u1ed1c t\u1ebf<\/td><\/tr><tr><td>Ch\u1ebf \u0111\u1ed9 thu\u1ebf<\/td><td>Thu\u1ebf theo l\u1ecbch tr\u00ecnh 5-15% t\u00f9y thu\u1ed9c v\u00e0o lo\u1ea1i thu nh\u1eadp<\/td><td>Ch\u1ecbu s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a c\u00e1c hi\u1ec7p \u0111\u1ecbnh thu\u1ebf k\u00e9p, v\u1edbi 30% kh\u1ea5u tr\u1eeb tr\u00ean c\u1ed5 t\u1ee9c c\u00f3 th\u1ec3 gi\u1ea3m xu\u1ed1ng 10-15%<\/td><\/tr><tr><td>B\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0<\/td><td>Quy \u0111\u1ecbnh CNV v\u1edbi l\u1ecbch s\u1eed th\u1ef1c thi \u00edt h\u01a1n<\/td><td>Quy \u0111\u1ecbnh SEC v\u1edbi ti\u1ec1n l\u1ec7 b\u1ea3o v\u1ec7 hi\u1ec7u qu\u1ea3 v\u00e0 c\u00e1c v\u1ee5 ki\u1ec7n t\u1eadp th\u1ec3<\/td><\/tr><tr><td>Gi\u1edd ho\u1ea1t \u0111\u1ed9ng<\/td><td>11:00-17:00 gi\u1edd Argentina, h\u1ea1n ch\u1ebf cho c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh to\u00e0n c\u1ea7u<\/td><td>9:30-16:00 gi\u1edd New York, t\u01b0\u01a1ng th\u00edch v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf<\/td><\/tr><tr><td>Th\u00f4ng tin c\u00f3 s\u1eb5n<\/td><td>Ch\u1ee7 y\u1ebfu b\u1eb1ng ti\u1ebfng T\u00e2y Ban Nha, t\u1eadp trung v\u00e0o b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng<\/td><td>Ch\u1ee7 y\u1ebfu b\u1eb1ng ti\u1ebfng Anh, v\u1edbi ph\u00e2n t\u00edch so s\u00e1nh khu v\u1ef1c v\u00e0 qu\u1ed1c t\u1ebf<\/td><\/tr><tr><td>B\u1ea3o v\u1ec7 ch\u1ed1ng l\u1ea1m ph\u00e1t<\/td><td>H\u1ea1n ch\u1ebf, d\u1ec5 b\u1ecb m\u1ea5t s\u1ee9c mua b\u1eb1ng peso<\/td><td>Cao, ho\u1ea1t \u0111\u1ed9ng b\u1eb1ng ti\u1ec1n t\u1ec7 m\u1ea1nh v\u1edbi t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t th\u1ea5p h\u01a1n<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay \u0111\u1eb7c bi\u1ec7t c\u00f3 l\u1ee3i trong c\u00e1c giai \u0111o\u1ea1n b\u1ea5t \u1ed5n t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ho\u1eb7c kh\u00f4ng ch\u1eafc ch\u1eafn ch\u00ednh tr\u1ecb. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 tinh vi th\u1ef1c hi\u1ec7n c\u00e1c c\u00e1ch ti\u1ebfp c\u1eadn lai:<\/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'>V\u1ecb tr\u00ed trong ADRs cho \u0111\u1ea7u t\u01b0 trung h\u1ea1n (6-18 th\u00e1ng) trong c\u00e1c giai \u0111o\u1ea1n b\u1ea7u c\u1eed ho\u1eb7c chuy\u1ec3n giao ch\u00ednh ph\u1ee7<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ho\u1ea1t \u0111\u1ed9ng chi\u1ebfn thu\u1eadt tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng trong c\u00e1c giai \u0111o\u1ea1n \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i v\u00e0 l\u00e3i su\u1ea5t h\u1ea5p d\u1eabn b\u1eb1ng peso<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Arbitrage CEDEAR-ADR khi kho\u1ea3ng c\u00e1ch v\u01b0\u1ee3t qu\u00e1 3-5%, t\u1eadn d\u1ee5ng c\u00e1c b\u1ea5t h\u1ee3p l\u00fd t\u1ea1m th\u1eddi<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a chi\u1ebfn l\u01b0\u1ee3c theo ng\u00e0nh: 60% trong c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 (GLOB\/MELI) \u00edt t\u01b0\u01a1ng quan v\u1edbi r\u1ee7i ro Argentina, 30% trong n\u0103ng l\u01b0\u1ee3ng (YPF\/PAM), v\u00e0 10% trong t\u00e0i ch\u00ednh (GGAL\/BMA) nh\u01b0 s\u1ef1 ti\u1ebfp x\u00fac chi\u1ebfn thu\u1eadt<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho c\u00e1c chi\u1ebfn l\u01b0\u1ee3c lai n\u00e0y b\u1eb1ng c\u00e1ch cung c\u1ea5p quy\u1ec1n truy c\u1eadp t\u00edch h\u1ee3p v\u00e0o c\u1ea3 hai th\u1ecb tr\u01b0\u1eddng, v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch so s\u00e1nh ph\u00e1t hi\u1ec7n s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa b\u00e1o gi\u00e1 \u0111\u1ecba ph\u01b0\u01a1ng v\u00e0 ADRs, c\u1ea3nh b\u00e1o v\u1ec1 c\u01a1 h\u1ed9i arbitrage khi s\u1ef1 kh\u00e1c bi\u1ec7t v\u01b0\u1ee3t qu\u00e1 ng\u01b0\u1ee1ng do ng\u01b0\u1eddi d\u00f9ng x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft lu\u1eadn v\u00e0 tri\u1ec3n v\u1ecdng t\u01b0\u01a1ng lai<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu ADRs Argentina \u0111\u1ea1i di\u1ec7n cho m\u1ed9t con \u0111\u01b0\u1eddng chi\u1ebfn l\u01b0\u1ee3c cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ecm ki\u1ebfm s\u1ef1 ti\u1ebfp x\u00fac v\u1edbi n\u1ec1n kinh t\u1ebf Argentina v\u1edbi s\u1ef1 b\u1ea3o v\u1ec7 ph\u00e1p l\u00fd v\u00e0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i l\u1edbn h\u01a1n. Trong 12-18 th\u00e1ng t\u1edbi, tri\u1ec3n v\u1ecdng cho ph\u00e2n kh\u00fac n\u00e0y s\u1ebd ch\u1ee7 y\u1ebfu \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1edfi ti\u1ebfn b\u1ed9 trong c\u00e1c c\u1ea3i c\u00e1ch c\u01a1 c\u1ea5u v\u00e0 b\u00ecnh th\u01b0\u1eddng h\u00f3a ti\u1ec1n t\u1ec7.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York hi\u1ec7n \u0111ang cho th\u1ea5y \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn v\u1ec1 m\u1eb7t l\u1ecbch s\u1eed, v\u1edbi m\u1ee9c chi\u1ebft kh\u1ea5u 20-40% so v\u1edbi c\u00e1c \u0111\u1ed1i t\u00e1c khu v\u1ef1c, ph\u1ea3n \u00e1nh ph\u00ed b\u1ea3o hi\u1ec3m r\u1ee7i ro nh\u01b0ng c\u0169ng ti\u1ec1m n\u0103ng t\u00e1i \u0111\u1ecbnh gi\u00e1 khi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u1ede c\u1ea5p \u0111\u1ed9 ng\u00e0nh, ch\u00fang ta c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n c\u00e1c \u0111\u1ed9ng l\u1ef1c kh\u00e1c bi\u1ec7t cho 2024-2025:<\/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'>Ng\u00e0nh c\u00f4ng ngh\u1ec7 (GLOB, MELI): D\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng 20-30% h\u00e0ng n\u0103m v\u1edbi \u00edt t\u01b0\u01a1ng quan h\u01a1n v\u1edbi chu k\u1ef3 kinh t\u1ebf \u0111\u1ecba ph\u01b0\u01a1ng, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi m\u1edf r\u1ed9ng qu\u1ed1c t\u1ebf v\u00e0 ph\u00e1t tri\u1ec3n c\u00e1c d\u00f2ng kinh doanh m\u1edbi nh\u01b0 fintech v\u00e0 d\u1ecbch v\u1ee5 \u0111\u00e1m m\u00e2y.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng (YPF, PAM): Ti\u1ec1m n\u0103ng t\u00e1i \u0111\u1ecbnh gi\u00e1 40-60% trong 24 th\u00e1ng ph\u1ee5 thu\u1ed9c v\u00e0o ti\u1ebfn b\u1ed9 trong vi\u1ec7c d\u1ee1 b\u1ecf quy \u0111\u1ecbnh gi\u00e1 c\u01b0\u1edbc v\u00e0 ph\u00e1t tri\u1ec3n nhanh ch\u00f3ng c\u1ee7a Vaca Muerta, v\u1edbi c\u00e1c \u0111i\u1ec3m u\u1ed1n c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n trong xu\u1ea5t kh\u1ea9u LNG cho n\u0103m 2025.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0nh t\u00e0i ch\u00ednh (GGAL, BMA): Bi\u1ebfn \u0111\u1ed9ng l\u1edbn h\u01a1n v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 50-80% li\u00ean quan \u0111\u1ebfn b\u00ecnh th\u01b0\u1eddng h\u00f3a ti\u1ec1n t\u1ec7 v\u00e0 gi\u1ea3m l\u1ea1m ph\u00e1t, v\u1edbi \u0111\u1ed9 nh\u1ea1y \u0111\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi vi\u1ec7c lo\u1ea1i b\u1ecf d\u1ea7n c\u00e1c ki\u1ec3m so\u00e1t t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i d\u1ef1 ki\u1ebfn cho 2024-2025.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c c\u00f4ng ty xu\u1ea5t kh\u1ea9u: L\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng v\u1edbi t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ph\u00f9 h\u1ee3p h\u01a1n v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n, \u0111\u1eb7c bi\u1ec7t cho CRES v\u00e0 AGRO v\u1edbi d\u1ef1 b\u00e1o c\u1ea3i thi\u1ec7n bi\u00ean l\u1ee3i nhu\u1eadn.<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng n\u00e0y, Pocket Option kh\u00f4ng ch\u1ec9 cung c\u1ea5p c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng c\u00f4ng ngh\u1ec7 c\u1ea7n thi\u1ebft m\u00e0 c\u00f2n m\u1ed9t h\u1ec7 sinh th\u00e1i ph\u00e2n t\u00edch v\u00e0 gi\u00e1o d\u1ee5c t\u00e0i ch\u00ednh ho\u00e0n ch\u1ec9nh chuy\u00ean v\u1ec1 ADRs Argentina. N\u1ec1n t\u1ea3ng c\u1ee7a n\u00f3 cho ph\u00e9p x\u00e2y d\u1ef1ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00e1 nh\u00e2n h\u00f3a v\u1edbi qu\u1ea3n l\u00fd r\u1ee7i ro th\u00edch \u1ee9ng v\u1edbi c\u00e1c k\u1ecbch b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 kh\u00e1c nhau, m\u00f4 ph\u1ecfng t\u00e1c \u0111\u1ed9ng c\u1ee7a c\u00e1c bi\u1ebfn s\u1ed1 ch\u00ednh nh\u01b0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ho\u1eb7c l\u00e3i su\u1ea5t.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 b\u1eaft \u0111\u1ea7u \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ADRs Argentina ng\u00e0y h\u00f4m nay, Pocket Option cung c\u1ea5p m\u1ed9t t\u00e0i kho\u1ea3n demo v\u1edbi $10,000 qu\u1ef9 \u1ea3o cho ph\u00e9p th\u1ef1c h\u00e0nh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c m\u00e0 kh\u00f4ng c\u00f3 r\u1ee7i ro tr\u01b0\u1edbc khi ho\u1ea1t \u0111\u1ed9ng v\u1edbi v\u1ed1n th\u1ef1c, c\u0169ng nh\u01b0 c\u00e1c h\u1ed9i th\u1ea3o tr\u00ean web h\u00e0ng tu\u1ea7n c\u1ee5 th\u1ec3 v\u1ec1 c\u00e1c c\u01a1 h\u1ed9i chi\u1ebfn thu\u1eadt trong ph\u00e2n kh\u00fac th\u1ecb tr\u01b0\u1eddng n\u00e0y.<\/p><\/div>[cta_button text=\"\"]","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'>ADRs ch\u1ee9ng kho\u00e1n Argentina l\u00e0 g\u00ec?<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>ADRs (American Depositary Receipts) l\u00e0 c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina v\u00e0 to\u00e0n c\u1ea7u ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty nh\u01b0 YPF, Globant ho\u1eb7c Banco Macro tr\u1ef1c ti\u1ebfp tr\u00ean Wall Street, ho\u1ea1t \u0111\u1ed9ng b\u1eb1ng \u0111\u00f4 la v\u00e0 c\u00f3 s\u1ef1 b\u1ea3o v\u1ec7 theo quy \u0111\u1ecbnh c\u1ee7a Hoa K\u1ef3. C\u00e1c ch\u1ee9ng ch\u1ec9 n\u00e0y \u0111\u1ea1i di\u1ec7n cho c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty Argentina ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3, cho ph\u00e9p ho\u1ea1t \u0111\u1ed9ng tr\u00ean NYSE ho\u1eb7c NASDAQ.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u01a1 ch\u1ebf n\u00e0y ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3: m\u1ed9t ng\u00e2n h\u00e0ng l\u01b0u k\u00fd Hoa K\u1ef3 mua c\u1ed5 phi\u1ebfu tr\u00ean S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n Buenos Aires v\u00e0 ph\u00e1t h\u00e0nh c\u00e1c ch\u1ee9ng ch\u1ec9 c\u00f3 th\u1ec3 giao d\u1ecbch tr\u00ean Wall Street. M\u1ed7i ADR c\u00f3 th\u1ec3 \u0111\u1ea1i di\u1ec7n cho m\u1ed9t ho\u1eb7c nhi\u1ec1u c\u1ed5 phi\u1ebfu, t\u00f9y thu\u1ed9c v\u00e0o c\u1ea5u tr\u00fac ph\u00e1t h\u00e0nh do c\u00f4ng ty thi\u1ebft l\u1eadp.<\/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>\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th>ADRs ch\u1ee9ng kho\u00e1n Argentina<\/th>\n<th>C\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u0110\u01a1n v\u1ecb ti\u1ec1n t\u1ec7 ni\u00eam y\u1ebft<\/td>\n<td>\u0110\u00f4 la M\u1ef9<\/td>\n<td>Peso Argentina<\/td>\n<\/tr>\n<tr>\n<td>Th\u1ecb tr\u01b0\u1eddng giao d\u1ecbch<\/td>\n<td>NYSE, NASDAQ<\/td>\n<td>BYMA (S\u1edf Giao d\u1ecbch v\u00e0 Th\u1ecb tr\u01b0\u1eddng Ch\u1ee9ng kho\u00e1n Argentina)<\/td>\n<\/tr>\n<tr>\n<td>Quy \u0111\u1ecbnh \u00e1p d\u1ee5ng<\/td>\n<td>SEC (Hoa K\u1ef3)<\/td>\n<td>CNV (Argentina)<\/td>\n<\/tr>\n<tr>\n<td>Gi\u1edd giao d\u1ecbch<\/td>\n<td>9:30 &#8211; 16:00 (gi\u1edd New York)<\/td>\n<td>11:00 &#8211; 17:00 (gi\u1edd Argentina)<\/td>\n<\/tr>\n<tr>\n<td>Kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i<\/td>\n<td>Cao<\/td>\n<td>Trung b\u00ecnh-Th\u1ea5p<\/td>\n<\/tr>\n<tr>\n<td>Kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn cho nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf<\/td>\n<td>Trung b\u00ecnh-Cao (th\u00f4ng qua c\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0 Pocket Option)<\/td>\n<td>Cao cho c\u01b0 d\u00e2n, th\u1ea5p cho ng\u01b0\u1eddi kh\u00f4ng c\u01b0 tr\u00fa<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c lo\u1ea1i ADRs v\u00e0 c\u00e1ch ch\u00fang ho\u1ea1t \u0111\u1ed9ng<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00f3 c\u00e1c m\u1ee9c \u0111\u1ed9 kh\u00e1c nhau c\u1ee7a ADRs ch\u1ee9ng kho\u00e1n Argentina, m\u1ed7i lo\u1ea1i c\u00f3 y\u00eau c\u1ea7u c\u1ee5 th\u1ec3 v\u00e0 l\u1ee3i \u00edch kh\u00e1c bi\u1ec7t:<\/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'>ADRs C\u1ea5p I: Ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng OTC (Over The Counter) v\u1edbi y\u00eau c\u1ea7u th\u00f4ng tin t\u1ed1i thi\u1ec3u. V\u00ed d\u1ee5: Central Puerto.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>ADRs C\u1ea5p II: C\u00f3 m\u1eb7t tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch ch\u00ednh th\u1ee9c nh\u01b0 NYSE m\u00e0 kh\u00f4ng cho ph\u00e9p huy \u0111\u1ed9ng v\u1ed1n m\u1edbi. V\u00ed d\u1ee5: Telecom Argentina (TEO).<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>ADRs C\u1ea5p III: Ni\u00eam y\u1ebft tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch ch\u00ednh th\u1ee9c v\u00e0 cho ph\u00e9p huy \u0111\u1ed9ng v\u1ed1n th\u00f4ng qua c\u00e1c \u0111\u1ee3t ch\u00e0o b\u00e1n c\u00f4ng khai. V\u00ed d\u1ee5: YPF (YPF).<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>ADRs Quy t\u1eafc 144A: Ph\u00e1t h\u00e0nh ri\u00eang t\u01b0 ch\u1ec9 d\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n. V\u00ed d\u1ee5: M\u1ed9t s\u1ed1 ph\u00e1t h\u00e0nh ri\u00eang t\u01b0 t\u1eeb IRSA.<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 c\u1ee5 th\u1ec3 nh\u01b0 c\u1ea3nh b\u00e1o gi\u00e1 v\u00e0 ph\u00e2n t\u00edch so s\u00e1nh ADR, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina b\u1ea3o v\u1ec7 v\u1ed1n c\u1ee7a h\u1ecd tr\u01b0\u1edbc l\u1ea1m ph\u00e1t \u0111\u1ecba ph\u01b0\u01a1ng trong khi ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u v\u1edbi s\u1ed1 ti\u1ec1n c\u00f3 th\u1ec3 ti\u1ebfp c\u1eadn t\u1eeb $10.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>L\u1ecbch s\u1eed v\u00e0 s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a ADRs Argentina tr\u00ean Wall Street<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Qu\u00e1 tr\u00ecnh c\u1ee7a c\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York b\u1eaft \u0111\u1ea7u t\u1eeb nh\u1eefng n\u0103m 1990 trong l\u00e0n s\u00f3ng t\u01b0 nh\u00e2n h\u00f3a, khi c\u00e1c c\u00f4ng ty ti\u00eau bi\u1ec3u nh\u01b0 YPF, Telecom Argentina v\u00e0 Banco Macro b\u1eaft \u0111\u1ea7u giao d\u1ecbch tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3, \u0111\u00e1nh d\u1ea5u m\u1ed9t c\u1ed9t m\u1ed1c trong vi\u1ec7c qu\u1ed1c t\u1ebf h\u00f3a v\u1ed1n Argentina.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ebf gi\u1edbi c\u1ed5 phi\u1ebfu ADR Argentina \u0111\u00e3 tr\u1ea3i qua c\u00e1c chu k\u1ef3 r\u00f5 r\u1ec7t ph\u1ea3n \u00e1nh s\u1ef1 bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf c\u1ee7a \u0111\u1ea5t n\u01b0\u1edbc. Sau s\u1ef1 s\u1ee5p \u0111\u1ed5 2001-2002, nhi\u1ec1u c\u00f4ng ty \u0111\u00e3 tr\u1ea3i qua s\u1ef1 m\u1ea5t gi\u00e1 nghi\u00eam tr\u1ecdng c\u1ee7a ADRs, m\u1eb7c d\u00f9 m\u1ed9t s\u1ed1 \u0111\u00e3 ph\u1ee5c h\u1ed3i v\u00e0 c\u1ee7ng c\u1ed1 s\u1ef1 hi\u1ec7n di\u1ec7n qu\u1ed1c t\u1ebf c\u1ee7a h\u1ecd.<\/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>Giai \u0111o\u1ea1n<\/th>\n<th>C\u00e1c c\u1ed9t m\u1ed1c quan tr\u1ecdng cho ADRs ch\u1ee9ng kho\u00e1n Argentina<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1993-1999<\/td>\n<td>L\u00e0n s\u00f3ng ph\u00e1t h\u00e0nh \u0111\u1ea7u ti\u00ean (YPF \u0111\u1ea1t \u0111\u01b0\u1ee3c v\u1ed1n h\u00f3a l\u1edbn nh\u1ea5t cho m\u1ed9t ADR M\u1ef9 Latinh)<\/td>\n<\/tr>\n<tr>\n<td>2001-2002<\/td>\n<td>Kh\u1ee7ng ho\u1ea3ng &#8220;Corralito&#8221;, ADRs Argentina m\u1ea5t \u0111\u1ebfn 90% gi\u00e1 tr\u1ecb<\/td>\n<\/tr>\n<tr>\n<td>2003-2007<\/td>\n<td>Ph\u1ee5c h\u1ed3i d\u1ea7n, Tenaris v\u00e0 Globant n\u1ed5i l\u00ean nh\u01b0 nh\u1eefng nh\u00e0 l\u00e3nh \u0111\u1ea1o m\u1edbi<\/td>\n<\/tr>\n<tr>\n<td>2015-2017<\/td>\n<td>\u0110\u1ee3t t\u0103ng gi\u00e1 sau thay \u0111\u1ed5i ch\u00ednh ph\u1ee7, ADRs ng\u00e2n h\u00e0ng t\u0103ng g\u1ea5p ba l\u1ea7n gi\u00e1 tr\u1ecb<\/td>\n<\/tr>\n<tr>\n<td>2018-2020<\/td>\n<td>Kh\u1ee7ng ho\u1ea3ng ti\u1ec1n t\u1ec7 v\u00e0 v\u1ee1 n\u1ee3 ch\u1ecdn l\u1ecdc, t\u00e1c \u0111\u1ed9ng nghi\u00eam tr\u1ecdng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1<\/td>\n<\/tr>\n<tr>\n<td>2021-2024<\/td>\n<td>Th\u00edch \u1ee9ng sau \u0111\u1ea1i d\u1ecbch, t\u00e1i c\u1ea5u tr\u00fac sau thay \u0111\u1ed5i ch\u00ednh ph\u1ee7 n\u0103m 2023, c\u00e1c c\u00f4ng ty c\u00f4ng ngh\u1ec7 Argentina d\u1eabn \u0111\u1ea7u ph\u1ee5c h\u1ed3i<\/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'>Hi\u1ec7n t\u1ea1i, c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay \u0111\u1ea1i di\u1ec7n cho m\u1ed9t kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch \u0111\u00e1ng k\u1ec3, th\u01b0\u1eddng v\u01b0\u1ee3t qu\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng. Trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p nh\u01b0 MercadoLibre v\u00e0 Globant, h\u01a1n 90% giao d\u1ecbch c\u1ee7a h\u1ecd di\u1ec5n ra tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option \u0111\u00e3 d\u00e2n ch\u1ee7 h\u00f3a vi\u1ec7c ti\u1ebfp c\u1eadn ADRs Argentina b\u1eb1ng c\u00e1ch gi\u1ea3m r\u00e0o c\u1ea3n gia nh\u1eadp v\u1edbi c\u00e1c kho\u1ea3n ti\u1ec1n g\u1eedi t\u1ed1i thi\u1ec3u d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 gi\u00e1o d\u1ee5c b\u1eb1ng ti\u1ebfng T\u00e2y Ban Nha \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf \u0111\u1eb7c bi\u1ec7t cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 M\u1ef9 Latinh, bao g\u1ed3m c\u00e1c h\u1ed9i th\u1ea3o \u0111\u1ed9c quy\u1ec1n v\u1ec1 c\u00e1ch giao d\u1ecbch ADRs Argentina trong c\u00e1c giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>\u01afu \u0111i\u1ec3m v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a vi\u1ec7c \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ADRs Argentina<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ADRs Argentina mang l\u1ea1i m\u1ed9t h\u1ed3 s\u01a1 r\u1ee7i ro-l\u1ee3i nhu\u1eadn c\u1ee5 th\u1ec3 c\u1ea7n \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 c\u1ea9n th\u1eadn theo c\u00e1c m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h4 class='po-article-page__title'>\u01afu \u0111i\u1ec3m:<\/h4>\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\u1ea3o v\u1ec7 ti\u1ec1n t\u1ec7: Ho\u1ea1t \u0111\u1ed9ng b\u1eb1ng \u0111\u00f4 la gi\u00fap gi\u1ea3m thi\u1ec3u r\u1ee7i ro m\u1ea5t gi\u00e1 c\u1ee7a peso Argentina<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thanh kho\u1ea3n cao h\u01a1n: Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch cao g\u1ea5p 5 l\u1ea7n so v\u1edbi th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng cho c\u00e1c c\u00f4ng ty nh\u01b0 YPF<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Minh b\u1ea1ch quy \u0111\u1ecbnh: Ti\u00eau chu\u1ea9n SEC nghi\u00eam ng\u1eb7t h\u01a1n y\u00eau c\u1ea7u b\u00e1o c\u00e1o h\u00e0ng qu\u00fd chi ti\u1ebft<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn th\u1eddi gian: Ho\u1ea1t \u0111\u1ed9ng t\u01b0\u01a1ng th\u00edch v\u1edbi m\u00fai gi\u1edd M\u1ef9 v\u00e0 ch\u00e2u \u00c2u<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a \u0111\u1ecba l\u00fd trong khi duy tr\u00ec s\u1ef1 ti\u1ebfp x\u00fac chi\u1ebfn l\u01b0\u1ee3c v\u1edbi c\u00e1c ng\u00e0nh quan tr\u1ecdng c\u1ee7a Argentina<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h4 class='po-article-page__title'>Nh\u01b0\u1ee3c \u0111i\u1ec3m:<\/h4>\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'>R\u1ee7i ro qu\u1ed1c gia: Ti\u1ebfp x\u00fac v\u1edbi c\u00e1c h\u1ea1n ch\u1ebf ti\u1ec1n t\u1ec7 ti\u1ec1m n\u0103ng ho\u1eb7c can thi\u1ec7p quy \u0111\u1ecbnh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi ph\u00ed b\u1ed5 sung: Hoa h\u1ed3ng 0,05%-0,1% cho l\u01b0u k\u00fd v\u00e0 chuy\u1ec3n \u0111\u1ed5i c\u1ed5 t\u1ee9c<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00eanh l\u1ec7ch gi\u00e1: Kho\u1ea3ng c\u00e1ch t\u1ea1m th\u1eddi gi\u1eefa b\u00e1o gi\u00e1 \u0111\u1ecba ph\u01b0\u01a1ng v\u00e0 ADRs (arbitrage CCL)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u00e1c \u0111\u1ed9ng quy \u0111\u1ecbnh: Thay \u0111\u1ed5i trong quy \u0111\u1ecbnh ngo\u1ea1i h\u1ed1i c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn h\u1ed3i h\u01b0\u01a1ng c\u1ed5 t\u1ee9c<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u1ee9c t\u1ea1p v\u1ec1 thu\u1ebf: Kh\u1ea3 n\u0103ng b\u1ecb \u0111\u00e1nh thu\u1ebf k\u00e9p y\u00eau c\u1ea7u l\u1eadp k\u1ebf ho\u1ea1ch thu\u1ebf c\u1ee5 th\u1ec3<\/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>H\u1ed3 s\u01a1 nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\n<th>S\u1ef1 ph\u00f9 h\u1ee3p cho ADRs Argentina<\/th>\n<th>Khuy\u1ebfn ngh\u1ecb v\u00e0 ph\u00e2n b\u1ed5 \u0111\u1ec1 xu\u1ea5t<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>B\u1ea3o th\u1ee7<\/td>\n<td>Th\u1ea5p-Trung b\u00ecnh<\/td>\n<td>T\u1ed1i \u0111a 5-10% danh m\u1ee5c, t\u1eadp trung v\u00e0o ADRs c\u1ee7a c\u00e1c c\u00f4ng ty nh\u01b0 Globant ho\u1eb7c MercadoLibre<\/td>\n<\/tr>\n<tr>\n<td>Trung b\u00ecnh<\/td>\n<td>Trung b\u00ecnh<\/td>\n<td>15-25% danh m\u1ee5c, k\u1ebft h\u1ee3p c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 (60%) v\u00e0 n\u0103ng l\u01b0\u1ee3ng (40%)<\/td>\n<\/tr>\n<tr>\n<td>M\u1ea1o hi\u1ec3m<\/td>\n<td>Trung b\u00ecnh-Cao<\/td>\n<td>30-40% danh m\u1ee5c, bao g\u1ed3m t\u00e0i ch\u00ednh nh\u01b0 GGAL v\u00e0 BMA (t\u1ed1i \u0111a 30% ph\u00e2n b\u1ed5)<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ea7u c\u01a1<\/td>\n<td>Cao<\/td>\n<td>50%+ danh m\u1ee5c, k\u1ebft h\u1ee3p c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch t\u00edch c\u1ef1c trong ADRs v\u1ed1n h\u00f3a th\u1ea5p h\u01a1n<\/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'>Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 chuy\u00ean bi\u1ec7t \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 c\u00e1c y\u1ebfu t\u1ed1 r\u1ee7i ro-l\u1ee3i nhu\u1eadn n\u00e0y, bao g\u1ed3m ph\u00e2n t\u00edch t\u01b0\u01a1ng quan gi\u1eefa ADRs Argentina v\u00e0 b\u1ea3ng \u0111i\u1ec1u khi\u1ec3n t\u00f9y ch\u1ec9nh hi\u1ec3n th\u1ecb c\u00e1c ch\u1ec9 s\u1ed1 ch\u00ednh cho t\u1eebng h\u1ed3 s\u01a1 nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c c\u1ed5 phi\u1ebfu ch\u00ednh c\u1ee7a Argentina c\u00f3 s\u1eb5n d\u01b0\u1edbi d\u1ea1ng ADRs<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ebf gi\u1edbi c\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York bao g\u1ed3m c\u00e1c ng\u00e0nh chi\u1ebfn l\u01b0\u1ee3c \u0111a d\u1ea1ng, t\u1eeb n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e0i ch\u00ednh \u0111\u1ebfn c\u00f4ng ngh\u1ec7 \u0111\u1ed9t ph\u00e1 v\u00e0 th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed. M\u1ed7i ADR cung c\u1ea5p s\u1ef1 ti\u1ebfp x\u00fac v\u1edbi c\u00e1c \u0111\u1ed9ng l\u1ef1c kinh t\u1ebf kh\u00e1c nhau trong b\u1ed1i c\u1ea3nh Argentina.<\/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>C\u00f4ng ty<\/th>\n<th>M\u00e3 ADR<\/th>\n<th>Ng\u00e0nh<\/th>\n<th>\u0110\u1eb7c \u0111i\u1ec3m v\u00e0 hi\u1ec7u su\u1ea5t g\u1ea7n \u0111\u00e2y<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>YPF<\/td>\n<td>YPF<\/td>\n<td>N\u0103ng l\u01b0\u1ee3ng<\/td>\n<td>\u0110\u1ee9ng \u0111\u1ea7u trong s\u1ea3n xu\u1ea5t d\u1ea7u, ti\u1ebfp x\u00fac m\u1ea1nh v\u1edbi Vaca Muerta. +45% trong 12 th\u00e1ng sau thay \u0111\u1ed5i ch\u00ednh s\u00e1ch n\u0103ng l\u01b0\u1ee3ng.<\/td>\n<\/tr>\n<tr>\n<td>Grupo Financiero Galicia<\/td>\n<td>GGAL<\/td>\n<td>T\u00e0i ch\u00ednh<\/td>\n<td>Ng\u00e2n h\u00e0ng t\u01b0 nh\u00e2n l\u1edbn nh\u1ea5t Argentina theo v\u1ed1n h\u00f3a. +70% trong 12 th\u00e1ng nh\u1edd k\u1ef3 v\u1ecdng b\u00ecnh th\u01b0\u1eddng h\u00f3a ti\u1ec1n t\u1ec7.<\/td>\n<\/tr>\n<tr>\n<td>Banco Macro<\/td>\n<td>BMA<\/td>\n<td>T\u00e0i ch\u00ednh<\/td>\n<td>S\u1ef1 hi\u1ec7n di\u1ec7n m\u1ea1nh m\u1ebd \u1edf c\u00e1c t\u1ec9nh Argentina. +65% trong 12 th\u00e1ng v\u1edbi c\u1ea3i thi\u1ec7n ch\u1ea5t l\u01b0\u1ee3ng danh m\u1ee5c.<\/td>\n<\/tr>\n<tr>\n<td>Telecom Argentina<\/td>\n<td>TEO<\/td>\n<td>Vi\u1ec5n th\u00f4ng<\/td>\n<td>Nh\u00e0 cung c\u1ea5p d\u1ecbch v\u1ee5 truy\u1ec1n th\u00f4ng t\u00edch h\u1ee3p. Hi\u1ec7u su\u1ea5t h\u1ed7n h\u1ee3p do th\u00e1ch th\u1ee9c quy \u0111\u1ecbnh v\u00e0 \u00e1p l\u1ef1c gi\u00e1 c\u01b0\u1edbc.<\/td>\n<\/tr>\n<tr>\n<td>Globant<\/td>\n<td>GLOB<\/td>\n<td>C\u00f4ng ngh\u1ec7<\/td>\n<td>Tham chi\u1ebfu trong chuy\u1ec3n \u0111\u1ed5i s\u1ed1 v\u1edbi kh\u00e1ch h\u00e0ng to\u00e0n c\u1ea7u nh\u01b0 Disney v\u00e0 EA. +25% trong 12 th\u00e1ng.<\/td>\n<\/tr>\n<tr>\n<td>MercadoLibre<\/td>\n<td>MELI<\/td>\n<td>Th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed<\/td>\n<td>\u0110\u1ee9ng \u0111\u1ea7u khu v\u1ef1c trong th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed v\u00e0 fintech. +60% trong 12 th\u00e1ng v\u1edbi s\u1ef1 m\u1edf r\u1ed9ng c\u1ee7a Mercado Pago.<\/td>\n<\/tr>\n<tr>\n<td>Pampa Energ\u00eda<\/td>\n<td>PAM<\/td>\n<td>N\u0103ng l\u01b0\u1ee3ng\/Ti\u1ec7n \u00edch<\/td>\n<td>C\u00f4ng ty t\u00edch h\u1ee3p v\u1edbi s\u1ea3n xu\u1ea5t, ph\u00e2n ph\u1ed1i v\u00e0 th\u0103m d\u00f2. +40% trong 12 th\u00e1ng sau t\u00e1i c\u1ea5u tr\u00fac gi\u00e1 c\u01b0\u1edbc.<\/td>\n<\/tr>\n<tr>\n<td>IRSA<\/td>\n<td>IRS<\/td>\n<td>B\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/td>\n<td>Ch\u1ee7 s\u1edf h\u1eefu c\u1ee7a c\u00e1c trung t\u00e2m mua s\u1eafm v\u00e0 t\u00f2a nh\u00e0 v\u0103n ph\u00f2ng cao c\u1ea5p. +30% ph\u1ee5c h\u1ed3i t\u1eeb m\u1ee9c th\u1ea5p sau \u0111\u1ea1i d\u1ecbch.<\/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'>C\u1ed5 phi\u1ebfu ADRs Argentina c\u00f3 h\u1ed3 s\u01a1 r\u1ee7i ro kh\u00e1c bi\u1ec7t. C\u00e1c c\u00f4ng ty c\u00f4ng ngh\u1ec7 nh\u01b0 Globant v\u00e0 MercadoLibre \u0111\u00e3 cho th\u1ea5y t\u01b0\u01a1ng quan th\u1ea5p (0.3-0.4) v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 \u0111\u1ecba ph\u01b0\u01a1ng Argentina, trong khi c\u00e1c ng\u00e2n h\u00e0ng nh\u01b0 Galicia duy tr\u00ec t\u01b0\u01a1ng quan tr\u00ean 0.8 v\u1edbi Merval.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option cung c\u1ea5p ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt theo th\u1eddi gian th\u1ef1c v\u00e0 c\u1ea3nh b\u00e1o t\u00f9y ch\u1ec9nh cho t\u1eebng ADR n\u00e0y, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadn d\u1ee5ng c\u00e1c chuy\u1ec3n \u0111\u1ed9ng c\u1ee5 th\u1ec3 c\u1ee7a c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay m\u00e0 kh\u00f4ng c\u1ea7n ph\u1ea3i li\u00ean t\u1ee5c theo d\u00f5i th\u1ecb tr\u01b0\u1eddng. N\u1ec1n t\u1ea3ng c\u0169ng cung c\u1ea5p so s\u00e1nh ng\u00e0nh \u0111\u1ed9c quy\u1ec1n x\u00e1c \u0111\u1ecbnh s\u1ef1 lu\u00e2n chuy\u1ec3n gi\u1eefa c\u00e1c ADRs Argentina kh\u00e1c nhau.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 cho c\u1ed5 phi\u1ebfu ADRs Argentina<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e1t tri\u1ec3n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c hi\u1ec7u qu\u1ea3 cho c\u1ed5 phi\u1ebfu ADRs Argentina \u0111\u00f2i h\u1ecfi m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn \u0111a chi\u1ec1u t\u00edch h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 k\u1ef9 thu\u1eadt, c\u01a1 b\u1ea3n v\u00e0 b\u1ed1i c\u1ea3nh c\u1ee5 th\u1ec3 cho th\u1ecb tr\u01b0\u1eddng Argentina, th\u00edch \u1ee9ng v\u1edbi t\u1eebng t\u00ecnh hu\u1ed1ng c\u1ee5 th\u1ec3.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt cho ADRs Argentina<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u00f3 \u00fd ngh\u0129a \u0111\u1eb7c bi\u1ec7t trong c\u1ed5 phi\u1ebfu ADRs Argentina do c\u00e1c m\u00f4 h\u00ecnh bi\u1ebfn \u0111\u1ed9ng \u0111\u1eb7c tr\u01b0ng v\u00e0 c\u00e1c chuy\u1ec3n \u0111\u1ed9ng c\u00f3 h\u01b0\u1edbng r\u00f5 r\u1ec7t. C\u00e1c c\u00f4ng c\u1ee5 k\u1ef9 thu\u1eadt hi\u1ec7u qu\u1ea3 nh\u1ea5t bao g\u1ed3m:<\/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'>H\u1ed7 tr\u1ee3 v\u00e0 kh\u00e1ng c\u1ef1 ch\u00ednh: \u0110\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 trong YPF n\u01a1i c\u00e1c m\u1ee9c nh\u01b0 $12, $15 v\u00e0 $18 \u0111\u00e3 ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00e1c \u0111i\u1ec3m xoay quan tr\u1ecdng trong 2023-2024<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch kh\u1ed1i l\u01b0\u1ee3ng: Quan tr\u1ecdng \u0111\u1ec3 x\u00e1c nh\u1eadn c\u00e1c chuy\u1ec3n \u0111\u1ed9ng trong ADRs ng\u00e2n h\u00e0ng nh\u01b0 GGAL, n\u01a1i kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng \u0111\u1ed9t bi\u1ebfn g\u1ea5p 3 l\u1ea7n so v\u1edbi trung b\u00ecnh th\u01b0\u1eddng d\u1ef1 \u0111o\u00e1n thay \u0111\u1ed5i xu h\u01b0\u1edbng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng: EMA 50 ng\u00e0y v\u00e0 SMA 200 ng\u00e0y ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00e1c ch\u1ec9 b\u00e1o \u0111\u00e1ng tin c\u1eady cho MELI, t\u1ea1o ra c\u00e1c t\u00edn hi\u1ec7u h\u1ee3p l\u1ec7 trong h\u01a1n 70% c\u00e1c l\u1ea7n giao c\u1eaft<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u1ec9 b\u00e1o \u0111\u1ed9ng l\u01b0\u1ee3ng: RSI v\u1edbi c\u1ea5u h\u00ecnh 14 trong khung th\u1eddi gian h\u00e0ng ng\u00e0y \u0111\u00e3 x\u00e1c \u0111\u1ecbnh ch\u00ednh x\u00e1c c\u00e1c \u0111i\u1ec1u ki\u1ec7n qu\u00e1 b\u00e1n trong ADRs t\u00e0i ch\u00ednh trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng thanh kho\u1ea3n<\/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>Chi\u1ebfn l\u01b0\u1ee3c k\u1ef9 thu\u1eadt<\/th>\n<th>\u1ee8ng d\u1ee5ng trong ADRs Argentina<\/th>\n<th>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Giao d\u1ecbch trong ph\u1ea1m vi<\/td>\n<td>T\u1eadn d\u1ee5ng dao \u0111\u1ed9ng trong c\u00e1c d\u1ea3i gi\u00e1 x\u00e1c \u0111\u1ecbnh<\/td>\n<td>GGAL dao \u0111\u1ed9ng gi\u1eefa $10-15 trong c\u00e1c giai \u0111o\u1ea1n kh\u00f4ng ch\u1eafc ch\u1eafn b\u1ea7u c\u1eed (2021-2023), t\u1ea1o ra nhi\u1ec1u c\u01a1 h\u1ed9i v\u00e0o v\u00e0 ra<\/td>\n<\/tr>\n<tr>\n<td>Theo d\u00f5i xu h\u01b0\u1edbng<\/td>\n<td>\u0110\u1ecbnh v\u1ecb theo h\u01b0\u1edbng c\u1ee7a xu h\u01b0\u1edbng ch\u00ednh<\/td>\n<td>GLOB trong xu h\u01b0\u1edbng t\u0103ng b\u1ec1n v\u1eefng t\u1eeb n\u0103m 2020, n\u01a1i c\u00e1c chi\u1ebfn l\u01b0\u1ee3c pullback \u0111\u1ebfn EMA 50 t\u1ea1o ra c\u00e1c \u0111i\u1ec3m v\u00e0o hi\u1ec7u qu\u1ea3<\/td>\n<\/tr>\n<tr>\n<td>Ph\u00e2n k\u1ef3<\/td>\n<td>X\u00e1c \u0111\u1ecbnh s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 v\u00e0 ch\u1ec9 b\u00e1o<\/td>\n<td>YPF cho th\u1ea5y ph\u00e2n k\u1ef3 d\u01b0\u01a1ng trong RSI trong Q4 2022, d\u1ef1 \u0111o\u00e1n \u0111\u1ee3t t\u0103ng +60% sau \u0111\u00f3<\/td>\n<\/tr>\n<tr>\n<td>M\u00f4 h\u00ecnh n\u1ebfn Nh\u1eadt<\/td>\n<td>Nh\u1eadn di\u1ec7n c\u00e1c h\u00ecnh th\u00e0nh d\u1ef1 \u0111o\u00e1n c\u1ee5 th\u1ec3<\/td>\n<td>M\u00f4 h\u00ecnh &#8220;Morning star&#8221; trong BMA (th\u00e1ng 2 n\u0103m 2023) d\u1ef1 \u0111o\u00e1n m\u1ed9t chuy\u1ec3n \u0111\u1ed9ng t\u0103ng +35% trong 8 tu\u1ea7n<\/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'>Pocket Option cung c\u1ea5p bi\u1ec3u \u0111\u1ed3 n\u00e2ng cao v\u1edbi h\u01a1n 100 ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt c\u00f3 th\u1ec3 t\u00f9y ch\u1ec9nh, cho ph\u00e9p nh\u1eadn di\u1ec7n c\u00e1c m\u00f4 h\u00ecnh c\u1ee5 th\u1ec3 cho t\u1eebng ADR Argentina. H\u1ec7 th\u1ed1ng c\u1ea3nh b\u00e1o t\u1ef1 \u0111\u1ed9ng c\u1ee7a n\u00f3 ph\u00e1t hi\u1ec7n c\u00e1c h\u00ecnh th\u00e0nh n\u1ebfn quan tr\u1ecdng nh\u01b0 &#8220;engulfing&#8221; ho\u1eb7c &#8220;hammer&#8221; \u0111\u00e3 ch\u1ee9ng minh hi\u1ec7u qu\u1ea3 cao trong c\u00e1c ch\u1ee9ng kho\u00e1n n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n cho c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n c\u1ee7a c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay \u0111\u00f2i h\u1ecfi m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn kh\u00e1c bi\u1ec7t xem x\u00e9t c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf v\u0129 m\u00f4 Argentina v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a n\u00f3 \u0111\u1ebfn k\u1ebft qu\u1ea3 doanh nghi\u1ec7p:<\/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\u00e1o c\u00e1o t\u00e0i ch\u00ednh b\u1eb1ng \u0111\u00f4 la: Ph\u00e2n t\u00edch t\u0103ng tr\u01b0\u1edfng doanh thu b\u1eb1ng ti\u1ec1n t\u1ec7 c\u1ee9ng, lo\u1ea1i b\u1ecf c\u00e1c bi\u1ebfn d\u1ea1ng t\u1eeb l\u1ea1m ph\u00e1t h\u00e0ng n\u0103m +200% \u1edf Argentina<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>So s\u00e1nh b\u1ed9i s\u1ed1: YPF giao d\u1ecbch \u1edf P\/E 5-6x so v\u1edbi 8-10x cho c\u00e1c c\u00f4ng ty d\u1ea7u kh\u00ed M\u1ef9 Latinh t\u01b0\u01a1ng \u0111\u01b0\u01a1ng, ch\u1ec9 ra ti\u1ec1m n\u0103ng t\u00e1i \u0111\u1ecbnh gi\u00e1<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u00e1c \u0111\u1ed9ng t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i: \u0110\u00e1nh gi\u00e1 c\u00e1ch kho\u1ea3ng c\u00e1ch t\u1ef7 gi\u00e1 20-50% \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chuy\u1ec3n \u0111\u1ed5i k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u00e1m s\u00e1t quy \u0111\u1ecbnh: Theo d\u00f5i c\u00e1c quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 cho c\u00e1c ng\u00e0nh nh\u01b0 n\u0103ng l\u01b0\u1ee3ng, n\u01a1i ch\u00ednh s\u00e1ch gi\u00e1 c\u01b0\u1edbc tr\u1ef1c ti\u1ebfp \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn k\u1ebft qu\u1ea3 c\u1ee7a PAM v\u00e0 TGS<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1edf r\u1ed9ng qu\u1ed1c t\u1ebf: \u0110\u1ecbnh gi\u00e1 c\u00e1c c\u00f4ng ty nh\u01b0 GLOB v\u00e0 MELI v\u1edbi h\u01a1n 80% doanh thu ngo\u00e0i Argentina nh\u01b0 nh\u1eefng ng\u01b0\u1eddi gi\u1ea3m thi\u1ec3u r\u1ee7i ro \u0111\u1ecba ph\u01b0\u01a1ng t\u1ef1 nhi\u00ean<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nh\u00e0 ph\u00e2n t\u00edch s\u1eed d\u1ee5ng Pocket Option truy c\u1eadp c\u00e1c b\u00e1o c\u00e1o c\u01a1 b\u1ea3n c\u1eadp nh\u1eadt v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 c\u1ee5 th\u1ec3 cho b\u1ed1i c\u1ea3nh Argentina, ch\u1eb3ng h\u1ea1n nh\u01b0 t\u1ef7 l\u1ec7 &#8220;Doanh thu USD so v\u1edbi Chi ph\u00ed ARS&#8221; \u0111o l\u01b0\u1eddng s\u1ef1 ti\u1ebfp x\u00fac hi\u1ec7u qu\u1ea3 v\u1edbi r\u1ee7i ro t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i, ho\u1eb7c ch\u1ec9 s\u1ed1 &#8220;\u0110a d\u1ea1ng h\u00f3a \u0110\u1ecba l\u00fd&#8221; \u0111\u1ecbnh l\u01b0\u1ee3ng s\u1ef1 ph\u1ee5 thu\u1ed9c v\u00e0o th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York ph\u1ea3n \u1ee9ng v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 c\u1ee5 th\u1ec3 v\u1edbi \u0111\u1ed9 nh\u1ea1y cao h\u01a1n so v\u1edbi c\u00e1c ch\u1ee9ng kho\u00e1n kh\u00e1c ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng Hoa K\u1ef3. \u0110\u1ed9ng l\u1ef1c n\u00e0y t\u1ea1o ra c\u1ea3 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u00e0 c\u01a1 h\u1ed9i chi\u1ebfn thu\u1eadt cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i.<\/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>Y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u1ed5 phi\u1ebfu ADRs Argentina<\/th>\n<th>V\u00ed d\u1ee5 l\u1ecbch s\u1eed c\u1ee5 th\u1ec3<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Kho\u1ea3ng c\u00e1ch t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i (ch\u00ednh th\u1ee9c so v\u1edbi CCL)<\/td>\n<td>Cao &#8211; X\u00e1c \u0111\u1ecbnh chuy\u1ec3n \u0111\u1ed5i hi\u1ec7u qu\u1ea3 c\u1ee7a k\u1ebft qu\u1ea3 t\u1eeb peso sang \u0111\u00f4 la<\/td>\n<td>Kho\u1ea3ng c\u00e1ch m\u1edf r\u1ed9ng \u0111\u1ebfn 120% v\u00e0o n\u0103m 2022 g\u00e2y ra s\u1ef1 s\u1ee5t gi\u1ea3m 35% trong ADRs ng\u00e2n h\u00e0ng trong 4 tu\u1ea7n<\/td>\n<\/tr>\n<tr>\n<td>L\u1ea1m ph\u00e1t<\/td>\n<td>Trung b\u00ecnh-Cao &#8211; \u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng v\u00e0 s\u1ee9c mua trong n\u01b0\u1edbc<\/td>\n<td>S\u1ef1 t\u0103ng t\u1ed1c l\u1ea1m ph\u00e1t n\u0103m 2023 \u1ea3nh h\u01b0\u1edfng ti\u00eau c\u1ef1c \u0111\u1ebfn IRSA (-20%) do ti\u00eau d\u00f9ng gi\u1ea3m trong c\u00e1c trung t\u00e2m mua s\u1eafm<\/td>\n<\/tr>\n<tr>\n<td>R\u1ee7i ro qu\u1ed1c gia (EMBI)<\/td>\n<td>Cao &#8211; Ph\u1ea3n \u00e1nh ph\u00ed b\u1ea3o hi\u1ec3m r\u1ee7i ro y\u00eau c\u1ea7u v\u00e0 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1<\/td>\n<td>Gi\u1ea3m t\u1eeb 2500 xu\u1ed1ng 1500 \u0111i\u1ec3m v\u00e0o n\u0103m 2021 \u0111\u00e3 k\u00edch ho\u1ea1t m\u1ed9t \u0111\u1ee3t t\u0103ng +80% trong SUPV v\u00e0 +65% trong BMA<\/td>\n<\/tr>\n<tr>\n<td>D\u1ef1 tr\u1eef qu\u1ed1c t\u1ebf<\/td>\n<td>Trung b\u00ecnh-Cao &#8211; Ch\u1ec9 s\u1ed1 ch\u00ednh v\u1ec1 kh\u1ea3 n\u0103ng thanh to\u00e1n b\u00ean ngo\u00e0i<\/td>\n<td>D\u1ef1 tr\u1eef r\u00f2ng gi\u1ea3m xu\u1ed1ng m\u1ee9c t\u1ed1i thi\u1ec3u v\u00e0o n\u0103m 2022-2023 g\u00e2y ra b\u00e1n th\u00e1o l\u1edbn trong ADRs t\u00e0i ch\u00ednh<\/td>\n<\/tr>\n<tr>\n<td>Chu k\u1ef3 ch\u00ednh tr\u1ecb\/b\u1ea7u c\u1eed<\/td>\n<td>Cao &#8211; T\u1ea1o ra k\u1ef3 v\u1ecdng v\u1ec1 thay \u0111\u1ed5i ch\u00ednh s\u00e1ch kinh t\u1ebf<\/td>\n<td>K\u1ebft qu\u1ea3 b\u1ea7u c\u1eed n\u0103m 2023 \u0111\u00e3 k\u00edch ho\u1ea1t m\u1ed9t \u0111\u1ee3t t\u0103ng +110% trong ADRs n\u0103ng l\u01b0\u1ee3ng trong 6 th\u00e1ng<\/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'>C\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh c\u00f3 kinh nghi\u1ec7m trong c\u1ed5 phi\u1ebfu ADRs Argentina ph\u00e1t tri\u1ec3n m\u1ed9t l\u1ecbch c\u1ee5 th\u1ec3 bao g\u1ed3m c\u00e1c s\u1ef1 ki\u1ec7n quan tr\u1ecdng c\u00f3 t\u00e1c \u0111\u1ed9ng \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh:<\/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'>C\u00f4ng b\u1ed1 l\u1ea1m ph\u00e1t h\u00e0ng th\u00e1ng (ng\u00e0y 15) &#8211; T\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ADRs ti\u00eau d\u00f9ng v\u00e0 b\u00e1n l\u1ebb nh\u01b0 IRSA<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ea5u gi\u00e1 n\u1ee3 c\u00f4ng (ng\u00e0y thay \u0111\u1ed5i) &#8211; Chuy\u1ec3n \u0111\u1ed9ng 5-10% trong ADRs t\u00e0i ch\u00ednh theo k\u1ebft qu\u1ea3<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u00f4ng b\u00e1o ch\u00ednh s\u00e1ch t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i (kh\u00f4ng th\u1ec3 \u0111o\u00e1n tr\u01b0\u1edbc) &#8211; T\u1ea1o ra s\u1ef1 bi\u1ebfn \u0111\u1ed9ng ngay l\u1eadp t\u1ee9c v\u1edbi chuy\u1ec3n \u0111\u1ed9ng 8-15% trong t\u1ea5t c\u1ea3 ADRs<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u00e1nh gi\u00e1 h\u00e0ng qu\u00fd v\u1edbi IMF &#8211; \u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn nh\u1eadn th\u1ee9c r\u1ee7i ro ch\u1ee7 quy\u1ec1n v\u1edbi chuy\u1ec3n \u0111\u1ed9ng 5-20% trong l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1eef li\u1ec7u c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i (ng\u00e0y 20) &#8211; T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn k\u1ef3 v\u1ecdng v\u1ec1 kh\u1ea3 n\u0103ng cung c\u1ea5p ti\u1ec1n t\u1ec7 v\u00e0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option t\u00edch h\u1ee3p c\u00e1c ng\u00e0y n\u00e0y v\u00e0o l\u1ecbch kinh t\u1ebf \u0111\u1ed9c quy\u1ec1n c\u1ee7a m\u00ecnh cho ADRs Argentina, v\u1edbi th\u00f4ng b\u00e1o c\u00e1 nh\u00e2n h\u00f3a v\u00e0 ph\u00e2n t\u00edch tr\u01b0\u1edbc m\u1ed7i c\u00f4ng b\u1ed1 quan tr\u1ecdng. H\u1ec7 th\u1ed1ng c\u1ea3nh b\u00e1o c\u1ee7a n\u00f3 d\u1ef1 \u0111o\u00e1n c\u00e1c s\u1ef1 ki\u1ec7n tr\u01b0\u1edbc 72 gi\u1edd, cho ph\u00e9p \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c trong c\u00e1c v\u1ecb tr\u00ed m\u1edf.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>So s\u00e1nh: \u0110\u1ea7u t\u01b0 v\u00e0o Argentina so v\u1edbi ADRs t\u1ea1i Hoa K\u1ef3<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng Argentina, quy\u1ebft \u0111\u1ecbnh gi\u1eefa vi\u1ec7c ho\u1ea1t \u0111\u1ed9ng t\u1ea1i \u0111\u1ecba ph\u01b0\u01a1ng ho\u1eb7c th\u00f4ng qua c\u1ed5 phi\u1ebfu ADRs Argentina li\u00ean quan \u0111\u1ebfn vi\u1ec7c \u0111\u00e1nh gi\u00e1 nhi\u1ec1u bi\u1ebfn s\u1ed1 ho\u1ea1t \u0111\u1ed9ng, thu\u1ebf v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn k\u1ebft qu\u1ea3.<\/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>Kh\u00eda c\u1ea1nh<\/th>\n<th>Th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng (BYMA)<\/th>\n<th>ADRs tr\u00ean Wall Street<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ti\u1ebfp x\u00fac ti\u1ec1n t\u1ec7<\/td>\n<td>B\u1eb1ng peso Argentina, d\u1ec5 b\u1ecb m\u1ea5t gi\u00e1<\/td>\n<td>B\u1eb1ng \u0111\u00f4 la M\u1ef9, b\u1ea3o v\u1ec7 t\u1ef1 nhi\u00ean ch\u1ed1ng l\u1ea1i s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a peso<\/td>\n<\/tr>\n<tr>\n<td>Thanh kho\u1ea3n<\/td>\n<td>Th\u1ea5p h\u01a1n (kh\u1ed1i l\u01b0\u1ee3ng th\u1ea5p h\u01a1n 50-80% cho c\u00f9ng t\u00e0i s\u1ea3n)<\/td>\n<td>Cao h\u01a1n, \u0111\u1eb7c bi\u1ec7t cho YPF, GGAL, MELI v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y &gt;$50M<\/td>\n<\/tr>\n<tr>\n<td>Chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng<\/td>\n<td>0.5-1% cho c\u01b0 d\u00e2n Argentina bao g\u1ed3m thu\u1ebf<\/td>\n<td>0.1-0.3% trong hoa h\u1ed3ng c\u1ed9ng v\u1edbi 0.05% cho l\u01b0u k\u00fd qu\u1ed1c t\u1ebf<\/td>\n<\/tr>\n<tr>\n<td>Ch\u1ebf \u0111\u1ed9 thu\u1ebf<\/td>\n<td>Thu\u1ebf theo l\u1ecbch tr\u00ecnh 5-15% t\u00f9y thu\u1ed9c v\u00e0o lo\u1ea1i thu nh\u1eadp<\/td>\n<td>Ch\u1ecbu s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a c\u00e1c hi\u1ec7p \u0111\u1ecbnh thu\u1ebf k\u00e9p, v\u1edbi 30% kh\u1ea5u tr\u1eeb tr\u00ean c\u1ed5 t\u1ee9c c\u00f3 th\u1ec3 gi\u1ea3m xu\u1ed1ng 10-15%<\/td>\n<\/tr>\n<tr>\n<td>B\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0<\/td>\n<td>Quy \u0111\u1ecbnh CNV v\u1edbi l\u1ecbch s\u1eed th\u1ef1c thi \u00edt h\u01a1n<\/td>\n<td>Quy \u0111\u1ecbnh SEC v\u1edbi ti\u1ec1n l\u1ec7 b\u1ea3o v\u1ec7 hi\u1ec7u qu\u1ea3 v\u00e0 c\u00e1c v\u1ee5 ki\u1ec7n t\u1eadp th\u1ec3<\/td>\n<\/tr>\n<tr>\n<td>Gi\u1edd ho\u1ea1t \u0111\u1ed9ng<\/td>\n<td>11:00-17:00 gi\u1edd Argentina, h\u1ea1n ch\u1ebf cho c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh to\u00e0n c\u1ea7u<\/td>\n<td>9:30-16:00 gi\u1edd New York, t\u01b0\u01a1ng th\u00edch v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf<\/td>\n<\/tr>\n<tr>\n<td>Th\u00f4ng tin c\u00f3 s\u1eb5n<\/td>\n<td>Ch\u1ee7 y\u1ebfu b\u1eb1ng ti\u1ebfng T\u00e2y Ban Nha, t\u1eadp trung v\u00e0o b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng<\/td>\n<td>Ch\u1ee7 y\u1ebfu b\u1eb1ng ti\u1ebfng Anh, v\u1edbi ph\u00e2n t\u00edch so s\u00e1nh khu v\u1ef1c v\u00e0 qu\u1ed1c t\u1ebf<\/td>\n<\/tr>\n<tr>\n<td>B\u1ea3o v\u1ec7 ch\u1ed1ng l\u1ea1m ph\u00e1t<\/td>\n<td>H\u1ea1n ch\u1ebf, d\u1ec5 b\u1ecb m\u1ea5t s\u1ee9c mua b\u1eb1ng peso<\/td>\n<td>Cao, ho\u1ea1t \u0111\u1ed9ng b\u1eb1ng ti\u1ec1n t\u1ec7 m\u1ea1nh v\u1edbi t\u1ef7 l\u1ec7 l\u1ea1m ph\u00e1t th\u1ea5p h\u01a1n<\/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'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu Argentina tr\u00ean Wall Street ng\u00e0y nay \u0111\u1eb7c bi\u1ec7t c\u00f3 l\u1ee3i trong c\u00e1c giai \u0111o\u1ea1n b\u1ea5t \u1ed5n t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ho\u1eb7c kh\u00f4ng ch\u1eafc ch\u1eafn ch\u00ednh tr\u1ecb. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 tinh vi th\u1ef1c hi\u1ec7n c\u00e1c c\u00e1ch ti\u1ebfp c\u1eadn lai:<\/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'>V\u1ecb tr\u00ed trong ADRs cho \u0111\u1ea7u t\u01b0 trung h\u1ea1n (6-18 th\u00e1ng) trong c\u00e1c giai \u0111o\u1ea1n b\u1ea7u c\u1eed ho\u1eb7c chuy\u1ec3n giao ch\u00ednh ph\u1ee7<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ho\u1ea1t \u0111\u1ed9ng chi\u1ebfn thu\u1eadt tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng trong c\u00e1c giai \u0111o\u1ea1n \u1ed5n \u0111\u1ecbnh t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i v\u00e0 l\u00e3i su\u1ea5t h\u1ea5p d\u1eabn b\u1eb1ng peso<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Arbitrage CEDEAR-ADR khi kho\u1ea3ng c\u00e1ch v\u01b0\u1ee3t qu\u00e1 3-5%, t\u1eadn d\u1ee5ng c\u00e1c b\u1ea5t h\u1ee3p l\u00fd t\u1ea1m th\u1eddi<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a chi\u1ebfn l\u01b0\u1ee3c theo ng\u00e0nh: 60% trong c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 (GLOB\/MELI) \u00edt t\u01b0\u01a1ng quan v\u1edbi r\u1ee7i ro Argentina, 30% trong n\u0103ng l\u01b0\u1ee3ng (YPF\/PAM), v\u00e0 10% trong t\u00e0i ch\u00ednh (GGAL\/BMA) nh\u01b0 s\u1ef1 ti\u1ebfp x\u00fac chi\u1ebfn thu\u1eadt<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho c\u00e1c chi\u1ebfn l\u01b0\u1ee3c lai n\u00e0y b\u1eb1ng c\u00e1ch cung c\u1ea5p quy\u1ec1n truy c\u1eadp t\u00edch h\u1ee3p v\u00e0o c\u1ea3 hai th\u1ecb tr\u01b0\u1eddng, v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch so s\u00e1nh ph\u00e1t hi\u1ec7n s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa b\u00e1o gi\u00e1 \u0111\u1ecba ph\u01b0\u01a1ng v\u00e0 ADRs, c\u1ea3nh b\u00e1o v\u1ec1 c\u01a1 h\u1ed9i arbitrage khi s\u1ef1 kh\u00e1c bi\u1ec7t v\u01b0\u1ee3t qu\u00e1 ng\u01b0\u1ee1ng do ng\u01b0\u1eddi d\u00f9ng x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft lu\u1eadn v\u00e0 tri\u1ec3n v\u1ecdng t\u01b0\u01a1ng lai<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu ADRs Argentina \u0111\u1ea1i di\u1ec7n cho m\u1ed9t con \u0111\u01b0\u1eddng chi\u1ebfn l\u01b0\u1ee3c cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ecm ki\u1ebfm s\u1ef1 ti\u1ebfp x\u00fac v\u1edbi n\u1ec1n kinh t\u1ebf Argentina v\u1edbi s\u1ef1 b\u1ea3o v\u1ec7 ph\u00e1p l\u00fd v\u00e0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i l\u1edbn h\u01a1n. Trong 12-18 th\u00e1ng t\u1edbi, tri\u1ec3n v\u1ecdng cho ph\u00e2n kh\u00fac n\u00e0y s\u1ebd ch\u1ee7 y\u1ebfu \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1edfi ti\u1ebfn b\u1ed9 trong c\u00e1c c\u1ea3i c\u00e1ch c\u01a1 c\u1ea5u v\u00e0 b\u00ecnh th\u01b0\u1eddng h\u00f3a ti\u1ec1n t\u1ec7.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu Argentina t\u1ea1i New York hi\u1ec7n \u0111ang cho th\u1ea5y \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn v\u1ec1 m\u1eb7t l\u1ecbch s\u1eed, v\u1edbi m\u1ee9c chi\u1ebft kh\u1ea5u 20-40% so v\u1edbi c\u00e1c \u0111\u1ed1i t\u00e1c khu v\u1ef1c, ph\u1ea3n \u00e1nh ph\u00ed b\u1ea3o hi\u1ec3m r\u1ee7i ro nh\u01b0ng c\u0169ng ti\u1ec1m n\u0103ng t\u00e1i \u0111\u1ecbnh gi\u00e1 khi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u1ede c\u1ea5p \u0111\u1ed9 ng\u00e0nh, ch\u00fang ta c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n c\u00e1c \u0111\u1ed9ng l\u1ef1c kh\u00e1c bi\u1ec7t cho 2024-2025:<\/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'>Ng\u00e0nh c\u00f4ng ngh\u1ec7 (GLOB, MELI): D\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng 20-30% h\u00e0ng n\u0103m v\u1edbi \u00edt t\u01b0\u01a1ng quan h\u01a1n v\u1edbi chu k\u1ef3 kinh t\u1ebf \u0111\u1ecba ph\u01b0\u01a1ng, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi m\u1edf r\u1ed9ng qu\u1ed1c t\u1ebf v\u00e0 ph\u00e1t tri\u1ec3n c\u00e1c d\u00f2ng kinh doanh m\u1edbi nh\u01b0 fintech v\u00e0 d\u1ecbch v\u1ee5 \u0111\u00e1m m\u00e2y.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng (YPF, PAM): Ti\u1ec1m n\u0103ng t\u00e1i \u0111\u1ecbnh gi\u00e1 40-60% trong 24 th\u00e1ng ph\u1ee5 thu\u1ed9c v\u00e0o ti\u1ebfn b\u1ed9 trong vi\u1ec7c d\u1ee1 b\u1ecf quy \u0111\u1ecbnh gi\u00e1 c\u01b0\u1edbc v\u00e0 ph\u00e1t tri\u1ec3n nhanh ch\u00f3ng c\u1ee7a Vaca Muerta, v\u1edbi c\u00e1c \u0111i\u1ec3m u\u1ed1n c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n trong xu\u1ea5t kh\u1ea9u LNG cho n\u0103m 2025.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ng\u00e0nh t\u00e0i ch\u00ednh (GGAL, BMA): Bi\u1ebfn \u0111\u1ed9ng l\u1edbn h\u01a1n v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 50-80% li\u00ean quan \u0111\u1ebfn b\u00ecnh th\u01b0\u1eddng h\u00f3a ti\u1ec1n t\u1ec7 v\u00e0 gi\u1ea3m l\u1ea1m ph\u00e1t, v\u1edbi \u0111\u1ed9 nh\u1ea1y \u0111\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi vi\u1ec7c lo\u1ea1i b\u1ecf d\u1ea7n c\u00e1c ki\u1ec3m so\u00e1t t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i d\u1ef1 ki\u1ebfn cho 2024-2025.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c c\u00f4ng ty xu\u1ea5t kh\u1ea9u: L\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng v\u1edbi t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ph\u00f9 h\u1ee3p h\u01a1n v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n, \u0111\u1eb7c bi\u1ec7t cho CRES v\u00e0 AGRO v\u1edbi d\u1ef1 b\u00e1o c\u1ea3i thi\u1ec7n bi\u00ean l\u1ee3i nhu\u1eadn.<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng n\u00e0y, Pocket Option kh\u00f4ng ch\u1ec9 cung c\u1ea5p c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng c\u00f4ng ngh\u1ec7 c\u1ea7n thi\u1ebft m\u00e0 c\u00f2n m\u1ed9t h\u1ec7 sinh th\u00e1i ph\u00e2n t\u00edch v\u00e0 gi\u00e1o d\u1ee5c t\u00e0i ch\u00ednh ho\u00e0n ch\u1ec9nh chuy\u00ean v\u1ec1 ADRs Argentina. N\u1ec1n t\u1ea3ng c\u1ee7a n\u00f3 cho ph\u00e9p x\u00e2y d\u1ef1ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00e1 nh\u00e2n h\u00f3a v\u1edbi qu\u1ea3n l\u00fd r\u1ee7i ro th\u00edch \u1ee9ng v\u1edbi c\u00e1c k\u1ecbch b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 kh\u00e1c nhau, m\u00f4 ph\u1ecfng t\u00e1c \u0111\u1ed9ng c\u1ee7a c\u00e1c bi\u1ebfn s\u1ed1 ch\u00ednh nh\u01b0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ho\u1eb7c l\u00e3i su\u1ea5t.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 b\u1eaft \u0111\u1ea7u \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ADRs Argentina ng\u00e0y h\u00f4m nay, Pocket Option cung c\u1ea5p m\u1ed9t t\u00e0i kho\u1ea3n demo v\u1edbi $10,000 qu\u1ef9 \u1ea3o cho ph\u00e9p th\u1ef1c h\u00e0nh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c m\u00e0 kh\u00f4ng c\u00f3 r\u1ee7i ro tr\u01b0\u1edbc khi ho\u1ea1t \u0111\u1ed9ng v\u1edbi v\u1ed1n th\u1ef1c, c\u0169ng nh\u01b0 c\u00e1c h\u1ed9i th\u1ea3o tr\u00ean web h\u00e0ng tu\u1ea7n c\u1ee5 th\u1ec3 v\u1ec1 c\u00e1c c\u01a1 h\u1ed9i chi\u1ebfn thu\u1eadt trong ph\u00e2n kh\u00fac th\u1ecb tr\u01b0\u1eddng n\u00e0y.<\/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"},"faq":[{"question":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa m\u1ed9t ADR v\u00e0 m\u1ed9t c\u1ed5 phi\u1ebfu \u0111\u1ecba ph\u01b0\u01a1ng c\u1ee7a Argentina l\u00e0 g\u00ec?","answer":"M\u1ed9t ADR (Ch\u1ee9ng ch\u1ec9 L\u01b0u k\u00fd M\u1ef9) l\u00e0 m\u1ed9t ch\u1ee9ng ch\u1ec9 do m\u1ed9t ng\u00e2n h\u00e0ng M\u1ef9 ph\u00e1t h\u00e0nh, \u0111\u1ea1i di\u1ec7n cho c\u1ed5 ph\u1ea7n c\u1ee7a m\u1ed9t c\u00f4ng ty Argentina \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch M\u1ef9. Nh\u1eefng kh\u00e1c bi\u1ec7t c\u01a1 b\u1ea3n l\u00e0: ADR \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft b\u1eb1ng \u0111\u00f4 la, b\u1ea3o v\u1ec7 ch\u1ed1ng l\u1ea1i s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a peso; ch\u00fang ph\u1ea3i tu\u00e2n theo quy \u0111\u1ecbnh c\u1ee7a SEC v\u1edbi c\u00e1c ti\u00eau chu\u1ea9n minh b\u1ea1ch kh\u1eaft khe h\u01a1n; ch\u00fang cung c\u1ea5p t\u00ednh thanh kho\u1ea3n l\u1edbn h\u01a1n (l\u00ean \u0111\u1ebfn 5 l\u1ea7n so v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng \u0111\u1ecba ph\u01b0\u01a1ng trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p nh\u01b0 YPF ho\u1eb7c MELI); v\u00e0 ch\u00fang cho ph\u00e9p ti\u1ebfp c\u1eadn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u. Tuy nhi\u00ean, ch\u00fang c\u00f3 chi ph\u00ed l\u01b0u k\u00fd b\u1ed5 sung (0,05-0,1%) v\u00e0 c\u00f3 th\u1ec3 ph\u1ea3i ch\u1ecbu c\u00e1c ph\u1ee9c t\u1ea1p v\u1ec1 thu\u1ebf do \u0111\u00e1nh thu\u1ebf k\u00e9p."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 t\u00f4i c\u00f3 th\u1ec3 mua c\u1ed5 phi\u1ebfu ADR c\u1ee7a Argentina t\u1eeb Argentina?","answer":"\u0110\u1ec3 mua c\u1ed5 phi\u1ebfu Argentina ADRs t\u1eeb Argentina, b\u1ea1n c\u1ea7n m\u1edf t\u00e0i kho\u1ea3n v\u1edbi m\u1ed9t nh\u00e0 m\u00f4i gi\u1edbi qu\u1ed1c t\u1ebf nh\u01b0 Pocket Option, cung c\u1ea5p quy\u1ec1n truy c\u1eadp tr\u1ef1c ti\u1ebfp v\u00e0o th\u1ecb tr\u01b0\u1eddng M\u1ef9. Qu\u00e1 tr\u00ecnh n\u00e0y y\u00eau c\u1ea7u: 1) Ho\u00e0n th\u00e0nh t\u00e0i li\u1ec7u KYC \u0111\u1ec3 tu\u00e2n th\u1ee7 c\u00e1c quy \u0111\u1ecbnh qu\u1ed1c t\u1ebf; 2) Chuy\u1ec3n ti\u1ec1n b\u1eb1ng \u0111\u00f4 la th\u00f4ng qua c\u00e1c t\u00f9y ch\u1ecdn nh\u01b0 chuy\u1ec3n kho\u1ea3n ng\u00e2n h\u00e0ng qu\u1ed1c t\u1ebf, th\u1ebb ho\u1eb7c th\u1eadm ch\u00ed ti\u1ec1n \u0111i\u1ec7n t\u1eed tr\u00ean m\u1ed9t s\u1ed1 n\u1ec1n t\u1ea3ng; 3) Khi ti\u1ec1n \u0111\u00e3 \u0111\u01b0\u1ee3c ghi c\u00f3, b\u1ea1n c\u00f3 th\u1ec3 giao d\u1ecbch tr\u1ef1c ti\u1ebfp tr\u00ean NYSE ho\u1eb7c NASDAQ trong gi\u1edd M\u1ef9 (9:30-16:00 ET). Pocket Option t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho qu\u00e1 tr\u00ecnh n\u00e0y v\u1edbi y\u00eau c\u1ea7u m\u1edf t\u1ed1i thi\u1ec3u t\u1eeb $10 v\u00e0 h\u1ed7 tr\u1ee3 ti\u1ebfng T\u00e2y Ban Nha chuy\u00ean bi\u1ec7t cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 M\u1ef9 Latinh."},{"question":"Nh\u1eefng ADR c\u1ee7a Argentina n\u00e0o c\u00f3 t\u00ednh thanh kho\u1ea3n cao nh\u1ea5t tr\u00ean Wall Street?","answer":"C\u00e1c ADR c\u1ee7a Argentina c\u00f3 t\u00ednh thanh kho\u1ea3n cao nh\u1ea5t hi\u1ec7n nay l\u00e0: MercadoLibre (MELI) v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh h\u00e0ng ng\u00e0y t\u1eeb 950-1.200 tri\u1ec7u USD; YPF (YPF) v\u1edbi 70-120 tri\u1ec7u USD; Grupo Financiero Galicia (GGAL) v\u1edbi 50-80 tri\u1ec7u USD; Globant (GLOB) v\u1edbi 45-70 tri\u1ec7u USD; v\u00e0 Banco Macro (BMA) v\u1edbi 30-45 tri\u1ec7u USD. T\u00ednh thanh kho\u1ea3n v\u01b0\u1ee3t tr\u1ed9i n\u00e0y \u0111\u1ea3m b\u1ea3o m\u1ee9c ch\u00eanh l\u1ec7ch gi\u00e1 h\u1eb9p (th\u01b0\u1eddng d\u01b0\u1edbi 0,5% cho c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y) v\u00e0 kh\u1ea3 n\u0103ng v\u00e0o\/ra c\u00e1c v\u1ecb th\u1ebf l\u1edbn v\u1edbi t\u00e1c \u0111\u1ed9ng gi\u00e1 t\u1ed1i thi\u1ec3u, \u0111i\u1ec1u n\u00e0y r\u1ea5t quan tr\u1ecdng \u0111\u1ed1i v\u1edbi c\u00e1c qu\u1ef9 t\u1ed5 ch\u1ee9c ho\u1eb7c danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00f3 quy m\u00f4 trung b\u00ecnh-l\u1edbn \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i."},{"question":"H\u1ea1n ch\u1ebf trao \u0111\u1ed5i c\u1ee7a Argentina c\u00f3 \u1ea3nh h\u01b0\u1edfng g\u00ec \u0111\u1ebfn ADRs?","answer":"C\u00e1c h\u1ea1n ch\u1ebf trao \u0111\u1ed5i c\u1ee7a Argentina \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ADR theo nhi\u1ec1u c\u00e1ch: 1) Ch\u00fang t\u1ea1o ra s\u1ef1 ch\u00eanh l\u1ec7ch gi\u00e1 (th\u01b0\u1eddng t\u1eeb 3-8%) gi\u1eefa gi\u00e1 tr\u1ecb l\u00fd thuy\u1ebft theo t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ch\u00ednh th\u1ee9c v\u00e0 gi\u00e1 th\u1ecb tr\u01b0\u1eddng; 2) Ch\u00fang l\u00e0m ph\u1ee9c t\u1ea1p vi\u1ec7c h\u1ed3i h\u01b0\u01a1ng c\u1ed5 t\u1ee9c, c\u00f3 th\u1ec3 g\u1eb7p ph\u1ea3i s\u1ef1 ch\u1eadm tr\u1ec5 ho\u1eb7c y\u00eau c\u1ea7u ph\u00ea duy\u1ec7t c\u1ee5 th\u1ec3 t\u1eeb Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng; 3) Ch\u00fang t\u1ea1o ra c\u01a1 h\u1ed9i kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba v\u00e0 ADR th\u00f4ng qua c\u00e1c ho\u1ea1t \u0111\u1ed9ng thanh to\u00e1n ti\u1ec1n m\u1eb7t; 4) Ch\u00fang \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn vi\u1ec7c h\u00ecnh th\u00e0nh gi\u00e1, \u0111\u1eb7c bi\u1ec7t khi kho\u1ea3ng c\u00e1ch trao \u0111\u1ed5i v\u01b0\u1ee3t qu\u00e1 50%, nh\u01b0 \u0111\u00e3 x\u1ea3y ra trong giai \u0111o\u1ea1n 2020-2022. Tuy nhi\u00ean, \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf, ADR cung c\u1ea5p ch\u00ednh x\u00e1c m\u1ed9t c\u00e1ch \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty Argentina trong khi tr\u00e1nh ti\u1ebfp x\u00fac tr\u1ef1c ti\u1ebfp v\u1edbi nh\u1eefng h\u1ea1n ch\u1ebf n\u00e0y v\u00e0 ti\u1ebfp c\u1eadn thanh kho\u1ea3n b\u1eb1ng \u0111\u00f4 la."},{"question":"C\u00f3 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o ADRs c\u1ee7a Argentina trong b\u1ed1i c\u1ea3nh kinh t\u1ebf hi\u1ec7n t\u1ea1i kh\u00f4ng?","answer":"Trong b\u1ed1i c\u1ea3nh hi\u1ec7n t\u1ea1i, \u0111\u1ea7u t\u01b0 v\u00e0o ADRs c\u1ee7a Argentina c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t l\u1ef1a ch\u1ecdn h\u1ee3p l\u00fd cho m\u1ed9t s\u1ed1 h\u1ed3 s\u01a1 nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ea5t \u0111\u1ecbnh, nh\u01b0ng c\u1ea7n c\u00f3 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh c\u1ea9n th\u1eadn. C\u00e1c khuy\u1ebfn ngh\u1ecb c\u1ee5 th\u1ec3: 1) Gi\u1edbi h\u1ea1n m\u1ee9c \u0111\u1ed9 ti\u1ebfp x\u00fac t\u1eeb 10-25% t\u1ed5ng danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u00f9y theo kh\u1ea3 n\u0103ng ch\u1ecbu r\u1ee7i ro; 2) \u01afu ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 doanh thu m\u1ea1nh b\u1eb1ng \u0111\u00f4 la ho\u1eb7c c\u00f3 s\u1ef1 hi\u1ec7n di\u1ec7n qu\u1ed1c t\u1ebf nh\u01b0 MELI (85% doanh thu ngo\u00e0i Argentina) v\u00e0 GLOB (95% kh\u00e1ch h\u00e0ng qu\u1ed1c t\u1ebf); 3) C\u00e2n nh\u1eafc m\u1ed9t kho\u1ea3ng th\u1eddi gian t\u1ed1i thi\u1ec3u t\u1eeb 12-18 th\u00e1ng \u0111\u1ec3 v\u01b0\u1ee3t qua s\u1ef1 bi\u1ebfn \u0111\u1ed9ng theo chu k\u1ef3; 4) Th\u1ef1c hi\u1ec7n vi\u1ec7c v\u00e0o l\u1ec7nh theo t\u1eebng giai \u0111o\u1ea1n \u0111\u1ec3 t\u1eadn d\u1ee5ng c\u00e1c \u0111i\u1ec1u ch\u1ec9nh k\u1ef9 thu\u1eadt; 5) \u0110a d\u1ea1ng h\u00f3a gi\u1eefa 4-6 ADRs t\u1eeb c\u00e1c ng\u00e0nh kh\u00e1c nhau, v\u1edbi tr\u1ecdng s\u1ed1 l\u1edbn h\u01a1n (50-60%) trong c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 v\u00e0 n\u0103ng l\u01b0\u1ee3ng. Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd r\u1ee7i ro c\u1ee5 th\u1ec3 cho ADRs c\u1ee7a Argentina, bao g\u1ed3m l\u1ec7nh d\u1eebng l\u1ed7 \u0111\u1ea3m b\u1ea3o v\u00e0 c\u00e1c t\u00f9y ch\u1ecdn ph\u00f2ng ng\u1eeba r\u1ee7i ro c\u00f3 th\u1ec3 gi\u1ea3m thi\u1ec3u s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u1ed1n c\u00f3 c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa m\u1ed9t ADR v\u00e0 m\u1ed9t c\u1ed5 phi\u1ebfu \u0111\u1ecba ph\u01b0\u01a1ng c\u1ee7a Argentina l\u00e0 g\u00ec?","answer":"M\u1ed9t ADR (Ch\u1ee9ng ch\u1ec9 L\u01b0u k\u00fd M\u1ef9) l\u00e0 m\u1ed9t ch\u1ee9ng ch\u1ec9 do m\u1ed9t ng\u00e2n h\u00e0ng M\u1ef9 ph\u00e1t h\u00e0nh, \u0111\u1ea1i di\u1ec7n cho c\u1ed5 ph\u1ea7n c\u1ee7a m\u1ed9t c\u00f4ng ty Argentina \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch M\u1ef9. Nh\u1eefng kh\u00e1c bi\u1ec7t c\u01a1 b\u1ea3n l\u00e0: ADR \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft b\u1eb1ng \u0111\u00f4 la, b\u1ea3o v\u1ec7 ch\u1ed1ng l\u1ea1i s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a peso; ch\u00fang ph\u1ea3i tu\u00e2n theo quy \u0111\u1ecbnh c\u1ee7a SEC v\u1edbi c\u00e1c ti\u00eau chu\u1ea9n minh b\u1ea1ch kh\u1eaft khe h\u01a1n; ch\u00fang cung c\u1ea5p t\u00ednh thanh kho\u1ea3n l\u1edbn h\u01a1n (l\u00ean \u0111\u1ebfn 5 l\u1ea7n so v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng \u0111\u1ecba ph\u01b0\u01a1ng trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p nh\u01b0 YPF ho\u1eb7c MELI); v\u00e0 ch\u00fang cho ph\u00e9p ti\u1ebfp c\u1eadn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u. Tuy nhi\u00ean, ch\u00fang c\u00f3 chi ph\u00ed l\u01b0u k\u00fd b\u1ed5 sung (0,05-0,1%) v\u00e0 c\u00f3 th\u1ec3 ph\u1ea3i ch\u1ecbu c\u00e1c ph\u1ee9c t\u1ea1p v\u1ec1 thu\u1ebf do \u0111\u00e1nh thu\u1ebf k\u00e9p."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 t\u00f4i c\u00f3 th\u1ec3 mua c\u1ed5 phi\u1ebfu ADR c\u1ee7a Argentina t\u1eeb Argentina?","answer":"\u0110\u1ec3 mua c\u1ed5 phi\u1ebfu Argentina ADRs t\u1eeb Argentina, b\u1ea1n c\u1ea7n m\u1edf t\u00e0i kho\u1ea3n v\u1edbi m\u1ed9t nh\u00e0 m\u00f4i gi\u1edbi qu\u1ed1c t\u1ebf nh\u01b0 Pocket Option, cung c\u1ea5p quy\u1ec1n truy c\u1eadp tr\u1ef1c ti\u1ebfp v\u00e0o th\u1ecb tr\u01b0\u1eddng M\u1ef9. Qu\u00e1 tr\u00ecnh n\u00e0y y\u00eau c\u1ea7u: 1) Ho\u00e0n th\u00e0nh t\u00e0i li\u1ec7u KYC \u0111\u1ec3 tu\u00e2n th\u1ee7 c\u00e1c quy \u0111\u1ecbnh qu\u1ed1c t\u1ebf; 2) Chuy\u1ec3n ti\u1ec1n b\u1eb1ng \u0111\u00f4 la th\u00f4ng qua c\u00e1c t\u00f9y ch\u1ecdn nh\u01b0 chuy\u1ec3n kho\u1ea3n ng\u00e2n h\u00e0ng qu\u1ed1c t\u1ebf, th\u1ebb ho\u1eb7c th\u1eadm ch\u00ed ti\u1ec1n \u0111i\u1ec7n t\u1eed tr\u00ean m\u1ed9t s\u1ed1 n\u1ec1n t\u1ea3ng; 3) Khi ti\u1ec1n \u0111\u00e3 \u0111\u01b0\u1ee3c ghi c\u00f3, b\u1ea1n c\u00f3 th\u1ec3 giao d\u1ecbch tr\u1ef1c ti\u1ebfp tr\u00ean NYSE ho\u1eb7c NASDAQ trong gi\u1edd M\u1ef9 (9:30-16:00 ET). Pocket Option t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho qu\u00e1 tr\u00ecnh n\u00e0y v\u1edbi y\u00eau c\u1ea7u m\u1edf t\u1ed1i thi\u1ec3u t\u1eeb $10 v\u00e0 h\u1ed7 tr\u1ee3 ti\u1ebfng T\u00e2y Ban Nha chuy\u00ean bi\u1ec7t cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 M\u1ef9 Latinh."},{"question":"Nh\u1eefng ADR c\u1ee7a Argentina n\u00e0o c\u00f3 t\u00ednh thanh kho\u1ea3n cao nh\u1ea5t tr\u00ean Wall Street?","answer":"C\u00e1c ADR c\u1ee7a Argentina c\u00f3 t\u00ednh thanh kho\u1ea3n cao nh\u1ea5t hi\u1ec7n nay l\u00e0: MercadoLibre (MELI) v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh h\u00e0ng ng\u00e0y t\u1eeb 950-1.200 tri\u1ec7u USD; YPF (YPF) v\u1edbi 70-120 tri\u1ec7u USD; Grupo Financiero Galicia (GGAL) v\u1edbi 50-80 tri\u1ec7u USD; Globant (GLOB) v\u1edbi 45-70 tri\u1ec7u USD; v\u00e0 Banco Macro (BMA) v\u1edbi 30-45 tri\u1ec7u USD. T\u00ednh thanh kho\u1ea3n v\u01b0\u1ee3t tr\u1ed9i n\u00e0y \u0111\u1ea3m b\u1ea3o m\u1ee9c ch\u00eanh l\u1ec7ch gi\u00e1 h\u1eb9p (th\u01b0\u1eddng d\u01b0\u1edbi 0,5% cho c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y) v\u00e0 kh\u1ea3 n\u0103ng v\u00e0o\/ra c\u00e1c v\u1ecb th\u1ebf l\u1edbn v\u1edbi t\u00e1c \u0111\u1ed9ng gi\u00e1 t\u1ed1i thi\u1ec3u, \u0111i\u1ec1u n\u00e0y r\u1ea5t quan tr\u1ecdng \u0111\u1ed1i v\u1edbi c\u00e1c qu\u1ef9 t\u1ed5 ch\u1ee9c ho\u1eb7c danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00f3 quy m\u00f4 trung b\u00ecnh-l\u1edbn \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i."},{"question":"H\u1ea1n ch\u1ebf trao \u0111\u1ed5i c\u1ee7a Argentina c\u00f3 \u1ea3nh h\u01b0\u1edfng g\u00ec \u0111\u1ebfn ADRs?","answer":"C\u00e1c h\u1ea1n ch\u1ebf trao \u0111\u1ed5i c\u1ee7a Argentina \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ADR theo nhi\u1ec1u c\u00e1ch: 1) Ch\u00fang t\u1ea1o ra s\u1ef1 ch\u00eanh l\u1ec7ch gi\u00e1 (th\u01b0\u1eddng t\u1eeb 3-8%) gi\u1eefa gi\u00e1 tr\u1ecb l\u00fd thuy\u1ebft theo t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i ch\u00ednh th\u1ee9c v\u00e0 gi\u00e1 th\u1ecb tr\u01b0\u1eddng; 2) Ch\u00fang l\u00e0m ph\u1ee9c t\u1ea1p vi\u1ec7c h\u1ed3i h\u01b0\u01a1ng c\u1ed5 t\u1ee9c, c\u00f3 th\u1ec3 g\u1eb7p ph\u1ea3i s\u1ef1 ch\u1eadm tr\u1ec5 ho\u1eb7c y\u00eau c\u1ea7u ph\u00ea duy\u1ec7t c\u1ee5 th\u1ec3 t\u1eeb Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng; 3) Ch\u00fang t\u1ea1o ra c\u01a1 h\u1ed9i kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba v\u00e0 ADR th\u00f4ng qua c\u00e1c ho\u1ea1t \u0111\u1ed9ng thanh to\u00e1n ti\u1ec1n m\u1eb7t; 4) Ch\u00fang \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn vi\u1ec7c h\u00ecnh th\u00e0nh gi\u00e1, \u0111\u1eb7c bi\u1ec7t khi kho\u1ea3ng c\u00e1ch trao \u0111\u1ed5i v\u01b0\u1ee3t qu\u00e1 50%, nh\u01b0 \u0111\u00e3 x\u1ea3y ra trong giai \u0111o\u1ea1n 2020-2022. Tuy nhi\u00ean, \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf, ADR cung c\u1ea5p ch\u00ednh x\u00e1c m\u1ed9t c\u00e1ch \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty Argentina trong khi tr\u00e1nh ti\u1ebfp x\u00fac tr\u1ef1c ti\u1ebfp v\u1edbi nh\u1eefng h\u1ea1n ch\u1ebf n\u00e0y v\u00e0 ti\u1ebfp c\u1eadn thanh kho\u1ea3n b\u1eb1ng \u0111\u00f4 la."},{"question":"C\u00f3 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o ADRs c\u1ee7a Argentina trong b\u1ed1i c\u1ea3nh kinh t\u1ebf hi\u1ec7n t\u1ea1i kh\u00f4ng?","answer":"Trong b\u1ed1i c\u1ea3nh hi\u1ec7n t\u1ea1i, \u0111\u1ea7u t\u01b0 v\u00e0o ADRs c\u1ee7a Argentina c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t l\u1ef1a ch\u1ecdn h\u1ee3p l\u00fd cho m\u1ed9t s\u1ed1 h\u1ed3 s\u01a1 nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ea5t \u0111\u1ecbnh, nh\u01b0ng c\u1ea7n c\u00f3 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh c\u1ea9n th\u1eadn. C\u00e1c khuy\u1ebfn ngh\u1ecb c\u1ee5 th\u1ec3: 1) Gi\u1edbi h\u1ea1n m\u1ee9c \u0111\u1ed9 ti\u1ebfp x\u00fac t\u1eeb 10-25% t\u1ed5ng danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u00f9y theo kh\u1ea3 n\u0103ng ch\u1ecbu r\u1ee7i ro; 2) \u01afu ti\u00ean c\u00e1c c\u00f4ng ty c\u00f3 doanh thu m\u1ea1nh b\u1eb1ng \u0111\u00f4 la ho\u1eb7c c\u00f3 s\u1ef1 hi\u1ec7n di\u1ec7n qu\u1ed1c t\u1ebf nh\u01b0 MELI (85% doanh thu ngo\u00e0i Argentina) v\u00e0 GLOB (95% kh\u00e1ch h\u00e0ng qu\u1ed1c t\u1ebf); 3) C\u00e2n nh\u1eafc m\u1ed9t kho\u1ea3ng th\u1eddi gian t\u1ed1i thi\u1ec3u t\u1eeb 12-18 th\u00e1ng \u0111\u1ec3 v\u01b0\u1ee3t qua s\u1ef1 bi\u1ebfn \u0111\u1ed9ng theo chu k\u1ef3; 4) Th\u1ef1c hi\u1ec7n vi\u1ec7c v\u00e0o l\u1ec7nh theo t\u1eebng giai \u0111o\u1ea1n \u0111\u1ec3 t\u1eadn d\u1ee5ng c\u00e1c \u0111i\u1ec1u ch\u1ec9nh k\u1ef9 thu\u1eadt; 5) \u0110a d\u1ea1ng h\u00f3a gi\u1eefa 4-6 ADRs t\u1eeb c\u00e1c ng\u00e0nh kh\u00e1c nhau, v\u1edbi tr\u1ecdng s\u1ed1 l\u1edbn h\u01a1n (50-60%) trong c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 v\u00e0 n\u0103ng l\u01b0\u1ee3ng. Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd r\u1ee7i ro c\u1ee5 th\u1ec3 cho ADRs c\u1ee7a Argentina, bao g\u1ed3m l\u1ec7nh d\u1eebng l\u1ed7 \u0111\u1ea3m b\u1ea3o v\u00e0 c\u00e1c t\u00f9y ch\u1ecdn ph\u00f2ng ng\u1eeba r\u1ee7i ro c\u00f3 th\u1ec3 gi\u1ea3m thi\u1ec3u s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u1ed1n c\u00f3 c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y."}]}},"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>C\u1ed5 phi\u1ebfu ADR Argentina: Chi\u1ebfn l\u01b0\u1ee3c hi\u1ec7u qu\u1ea3 \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn c\u1ee7a b\u1ea1n tr\u00ean Ph\u1ed1 Wall<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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