{"id":298417,"date":"2025-07-09T22:06:26","date_gmt":"2025-07-09T22:06:26","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/csm-co-ltd-2\/"},"modified":"2025-07-09T22:06:26","modified_gmt":"2025-07-09T22:06:26","slug":"csm-co-ltd","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/markets\/csm-co-ltd\/","title":{"rendered":"C\u1ed5 phi\u1ebfu CSM: Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 sinh l\u1eddi 2025"},"content":{"rendered":"
<\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":45,"featured_media":179221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[28,45,44],"class_list":["post-298417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-investment","tag-stock","tag-strategy"],"acf":{"h1":"Pocket Option - C\u1ed5 phi\u1ebfu CSM: Ph\u00e2n t\u00edch to\u00e0n di\u1ec7n v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 sinh l\u1eddi 2025","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option - C\u1ed5 phi\u1ebfu CSM: Ph\u00e2n t\u00edch to\u00e0n di\u1ec7n v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 sinh l\u1eddi 2025"},"description":"Kh\u00e1m ph\u00e1 ti\u1ec1m n\u0103ng c\u1ee7a c\u1ed5 phi\u1ebfu CSM h\u00f4m nay v\u1edbi ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n, chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u1ef1c ti\u1ec5n v\u00e0 d\u1ef1 b\u00e1o th\u1ecb tr\u01b0\u1eddng cao su Vi\u1ec7t Nam n\u0103m 2025. Gi\u1ea3i ph\u00e1p \u0111\u1ea7u t\u01b0 th\u00f4ng minh t\u1eeb Pocket Option \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn.","description_source":{"label":"Description","type":"textarea","formatted_value":"Kh\u00e1m ph\u00e1 ti\u1ec1m n\u0103ng c\u1ee7a c\u1ed5 phi\u1ebfu CSM h\u00f4m nay v\u1edbi ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n, chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u1ef1c ti\u1ec5n v\u00e0 d\u1ef1 b\u00e1o th\u1ecb tr\u01b0\u1eddng cao su Vi\u1ec7t Nam n\u0103m 2025. Gi\u1ea3i ph\u00e1p \u0111\u1ea7u t\u01b0 th\u00f4ng minh t\u1eeb Pocket Option \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn."},"intro":"Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u1ec1 c\u1ed5 phi\u1ebfu CSM (Casumina) n\u00e0y cung c\u1ea5p c\u00e1i nh\u00ecn th\u1ef1c t\u1ebf v\u1ec1 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng, r\u1ee7i ro v\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng cao su Vi\u1ec7t Nam n\u0103m 2025. Nh\u1eadn th\u00f4ng tin \u0111\u1ed9c quy\u1ec1n, chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c ti\u1ec5n v\u00e0 c\u00f4ng c\u1ee5 ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u1ec3 \u0111\u1ea1t l\u1ee3i nhu\u1eadn t\u1ed1i \u01b0u t\u1eeb c\u1ed5 phi\u1ebfu h\u00e0ng \u0111\u1ea7u trong ng\u00e0nh c\u00f4ng nghi\u1ec7p cao su.","intro_source":{"label":"Intro","type":"text","formatted_value":"Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u1ec1 c\u1ed5 phi\u1ebfu CSM (Casumina) n\u00e0y cung c\u1ea5p c\u00e1i nh\u00ecn th\u1ef1c t\u1ebf v\u1ec1 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng, r\u1ee7i ro v\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng cao su Vi\u1ec7t Nam n\u0103m 2025. Nh\u1eadn th\u00f4ng tin \u0111\u1ed9c quy\u1ec1n, chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c ti\u1ec5n v\u00e0 c\u00f4ng c\u1ee5 ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u1ec3 \u0111\u1ea1t l\u1ee3i nhu\u1eadn t\u1ed1i \u01b0u t\u1eeb c\u1ed5 phi\u1ebfu h\u00e0ng \u0111\u1ea7u trong ng\u00e0nh c\u00f4ng nghi\u1ec7p cao su."},"body_html":"

T\u1ed5ng quan v\u1ec1 c\u1ed5 phi\u1ebfu CSM v\u00e0 v\u1ecb th\u1ebf d\u1eabn \u0111\u1ea7u trong ng\u00e0nh cao su Vi\u1ec7t Nam<\/h2><\/div>

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam n\u0103m 2025 \u0111ang ch\u1ee9ng ki\u1ebfn s\u1ef1 n\u1ed5i b\u1eadt c\u1ee7a c\u1ed5 phi\u1ebfu CSM<\/b> - m\u00e3 c\u1ed5 phi\u1ebfu c\u1ee7a C\u00f4ng ty C\u1ed5 ph\u1ea7n C\u00f4ng nghi\u1ec7p Cao su Mi\u1ec1n Nam (Casumina). V\u1edbi g\u1ea7n 50 n\u0103m kinh nghi\u1ec7m, Casumina kh\u00f4ng ch\u1ec9 l\u00e0 c\u00f4ng ty ti\u00ean phong m\u00e0 c\u00f2n l\u00e0 ng\u01b0\u1eddi d\u1eabn \u0111\u1ea7u th\u1ecb tr\u01b0\u1eddng trong s\u1ea3n xu\u1ea5t v\u00e0 xu\u1ea5t kh\u1ea9u c\u00e1c s\u1ea3n ph\u1ea9m cao su t\u1ea1i Vi\u1ec7t Nam.<\/p><\/div>

C\u1ed5 phi\u1ebfu CSM<\/b> \u0111ang thu h\u00fat s\u1ef1 ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c trong v\u00e0 ngo\u00e0i n\u01b0\u1edbc, v\u1edbi t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i \u0111\u1ea1t 25,3% - cao h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh l\u00e0 18,7%. \u0110i\u1ec1u n\u00e0y ph\u1ea3n \u00e1nh ni\u1ec1m tin c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p v\u00e0o ti\u1ec1m n\u0103ng d\u00e0i h\u1ea1n c\u1ee7a c\u00f4ng ty.<\/p><\/div>

Th\u00e0nh l\u1eadp n\u0103m 1976, Casumina hi\u1ec7n s\u1edf h\u1eefu 5 nh\u00e0 m\u00e1y hi\u1ec7n \u0111\u1ea1i v\u1edbi c\u00f4ng su\u1ea5t 35 tri\u1ec7u s\u1ea3n ph\u1ea9m\/n\u0103m. H\u1ec7 sinh th\u00e1i s\u1ea3n ph\u1ea9m \u0111a d\u1ea1ng c\u1ee7a c\u00f4ng ty bao g\u1ed3m l\u1ed1p xe m\u00e1y (chi\u1ebfm 45% th\u1ecb ph\u1ea7n trong n\u01b0\u1edbc), l\u1ed1p \u00f4 t\u00f4 (30% th\u1ecb ph\u1ea7n), s\u0103m xe, b\u0103ng t\u1ea3i c\u00f4ng nghi\u1ec7p v\u00e0 h\u01a1n 200 s\u1ea3n ph\u1ea9m cao su k\u1ef9 thu\u1eadt chuy\u00ean d\u1ee5ng. S\u1ef1 \u0111a d\u1ea1ng n\u00e0y t\u1ea1o ra l\u1ee3i th\u1ebf c\u1ea1nh tranh v\u01b0\u1ee3t tr\u1ed9i cho c\u1ed5 phi\u1ebfu Casumina<\/b> tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p><\/div>

Ng\u00e0nh cao su Vi\u1ec7t Nam \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi th\u00e1ch th\u1ee9c k\u00e9p: bi\u1ebfn \u0111\u1ed9ng gi\u00e1 nguy\u00ean li\u1ec7u th\u00f4 to\u00e0n c\u1ea7u v\u00e0 c\u1ea1nh tranh gay g\u1eaft t\u1eeb c\u00e1c t\u1eadp \u0111o\u00e0n n\u01b0\u1edbc ngo\u00e0i. Tuy nhi\u00ean, c\u1ed5 phi\u1ebfu cao su mi\u1ec1n Nam<\/b> v\u1eabn ti\u1ebfp t\u1ee5c th\u1ec3 hi\u1ec7n kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i \u1ea5n t\u01b0\u1ee3ng. Doanh thu xu\u1ea5t kh\u1ea9u c\u1ee7a Casumina t\u0103ng 27% trong n\u0103m 2024, m\u1edf r\u1ed9ng th\u1ecb ph\u1ea7n t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng tr\u1ecdng \u0111i\u1ec3m: \u0110\u00f4ng Nam \u00c1 (t\u0103ng 18%), Trung \u0110\u00f4ng (t\u0103ng 23%), v\u00e0 g\u1ea7n \u0111\u00e2y l\u00e0 th\u1ecb tr\u01b0\u1eddng M\u1ef9 (t\u0103ng 35%).<\/p><\/div>

Ch\u1ec9 s\u1ed1<\/th>Th\u00f4ng tin<\/th>So s\u00e1nh ng\u00e0nh<\/th><\/tr><\/thead>
M\u00e3 c\u1ed5 phi\u1ebfu<\/td>CSM<\/td>-<\/td><\/tr>
T\u00ean c\u00f4ng ty<\/td>C\u00f4ng ty C\u1ed5 ph\u1ea7n C\u00f4ng nghi\u1ec7p Cao su Mi\u1ec1n Nam<\/td>-<\/td><\/tr>
Th\u00e0nh l\u1eadp<\/td>1976<\/td>L\u00e2u \u0111\u1eddi nh\u1ea5t trong ng\u00e0nh<\/td><\/tr>
V\u1ed1n \u0111i\u1ec1u l\u1ec7 2024<\/td>1.036 t\u1ef7 VND<\/td>Top 3 trong ng\u00e0nh cao su<\/td><\/tr>
Th\u1ecb ph\u1ea7n trong n\u01b0\u1edbc<\/td>35% (l\u1ed1p xe)<\/td>X\u1ebfp th\u1ee9 2 tr\u00ean th\u1ecb tr\u01b0\u1eddng<\/td><\/tr>
S\u00e0n ni\u00eam y\u1ebft<\/td>HOSE<\/td>T\u1eeb n\u0103m 2006<\/td><\/tr><\/tbody><\/table><\/div><\/div>

N\u1ec1n t\u1ea3ng Pocket Option<\/b> cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i c\u1ed5 phi\u1ebfu CSM<\/b> theo th\u1eddi gian th\u1ef1c. V\u1edbi bi\u1ec3u \u0111\u1ed3 n\u1ebfn Nh\u1eadt, ch\u1ec9 b\u00e1o MACD, RSI v\u00e0 d\u1eef li\u1ec7u giao d\u1ecbch n\u01b0\u1edbc ngo\u00e0i theo gi\u1edd, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 n\u1eafm b\u1eaft c\u01a1 h\u1ed9i v\u00e0ng trong th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng hi\u1ec7n nay.<\/p><\/div>

Ph\u00e2n t\u00edch t\u00e0i ch\u00ednh v\u00e0 hi\u1ec7u qu\u1ea3 kinh doanh c\u1ee7a c\u1ed5 phi\u1ebfu CSM 2024-2025<\/h2><\/div>

C\u00e1c con s\u1ed1 t\u00e0i ch\u00ednh c\u1ee7a c\u1ed5 phi\u1ebfu CSM<\/b> k\u1ec3 c\u00e2u chuy\u1ec7n v\u1ec1 s\u1ef1 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd. Sau \u0111\u1ea1i d\u1ecbch COVID-19 v\u00e0 kh\u1ee7ng ho\u1ea3ng chu\u1ed7i cung \u1ee9ng to\u00e0n c\u1ea7u, Casumina kh\u00f4ng ch\u1ec9 v\u01b0\u1ee3t qua kh\u00f3 kh\u0103n m\u00e0 c\u00f2n \u0111\u1ea1t \u0111\u01b0\u1ee3c t\u0103ng tr\u01b0\u1edfng \u1ea5n t\u01b0\u1ee3ng v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3.<\/p><\/div>

Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt cho th\u1ea5y c\u1ed5 phi\u1ebfu CSM<\/b> \u0111\u00e3 h\u00ecnh th\u00e0nh \u0111\u00e1y \u0111\u00f4i v\u1eefng ch\u1eafc trong kho\u1ea3ng 10.500-10.800 VND v\u00e0o Q3\/2024, t\u1ea1o n\u1ec1n t\u1ea3ng cho xu h\u01b0\u1edbng t\u0103ng m\u1edbi. S\u1ef1 ph\u1ee5c h\u1ed3i n\u00e0y \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn b\u1edfi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u0103ng d\u1ea7n v\u00e0 \u0111\u01b0\u1eddng MACD c\u1eaft l\u00ean tr\u00ean \u0111\u01b0\u1eddng t\u00edn hi\u1ec7u v\u00e0o th\u00e1ng 10\/2024.<\/p><\/div>

K\u1ebft qu\u1ea3 kinh doanh v\u00e0 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn 2024<\/h3><\/div>

B\u00e1o c\u00e1o t\u00e0i ch\u00ednh Q3\/2024 ghi nh\u1eadn doanh thu c\u1ee7a Casumina \u0111\u1ea1t 4.200 t\u1ef7 VND, t\u0103ng 15% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m 2023. \u1ea4n t\u01b0\u1ee3ng h\u01a1n, l\u1ee3i nhu\u1eadn sau thu\u1ebf \u0111\u1ea1t 130 t\u1ef7 VND, \u0111\u00e1nh d\u1ea5u s\u1ef1 chuy\u1ec3n m\u00ecnh t\u1eeb kho\u1ea3n l\u1ed7 45 t\u1ef7 VND n\u0103m tr\u01b0\u1edbc. \u0110\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng \u0111\u1ebfn t\u1eeb ba y\u1ebfu t\u1ed1 ch\u00ednh: gi\u00e1 nguy\u00ean li\u1ec7u cao su \u1ed5n \u0111\u1ecbnh h\u01a1n, hi\u1ec7u qu\u1ea3 t\u1eeb c\u00e1c d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t m\u1edbi \u0111\u1ea7u t\u01b0 n\u0103m 2023, v\u00e0 th\u00e0nh c\u00f4ng trong chi\u1ebfn l\u01b0\u1ee3c th\u00e2m nh\u1eadp th\u1ecb tr\u01b0\u1eddng B\u1eafc M\u1ef9.<\/p><\/div>

Ch\u1ec9 s\u1ed1<\/th>2023<\/th>2024<\/th>% Thay \u0111\u1ed5i<\/th>D\u1ef1 b\u00e1o 2025<\/th><\/tr><\/thead>
Doanh thu thu\u1ea7n (t\u1ef7 VND)<\/td>3.652<\/td>4.200<\/td>+15%<\/td>4.850 (+15,5%)<\/td><\/tr>
L\u1ee3i nhu\u1eadn g\u1ed9p (t\u1ef7 VND)<\/td>410<\/td>580<\/td>+41,5%<\/td>685 (+18,1%)<\/td><\/tr>
Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p (%)<\/td>11,2%<\/td>13,8%<\/td>+2,6%<\/td>14,1% (+0,3%)<\/td><\/tr>
L\u1ee3i nhu\u1eadn sau thu\u1ebf (t\u1ef7 VND)<\/td>-45<\/td>130<\/td>T\u1eeb l\u1ed7 sang l\u00e3i<\/td>170 (+30,8%)<\/td><\/tr>
EPS (VND)<\/td>-434<\/td>1.254<\/td>T\u1eeb \u00e2m sang d\u01b0\u01a1ng<\/td>1.640 (+30,8%)<\/td><\/tr><\/tbody><\/table><\/div><\/div>

C\u00e1c t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a Casumina \u0111ang c\u00f3 xu h\u01b0\u1edbng t\u0103ng m\u1ea1nh. ROE \u0111\u1ea1t 8,5% (t\u1eeb -2,8% n\u0103m 2023), ROA \u0111\u1ea1t 3,2% (t\u1eeb -1,1%). \u0110\u00e1ng ch\u00fa \u00fd, bi\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng \u0111\u1ea1t 3,1%, cao h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh cao su Vi\u1ec7t Nam (2,7%). C\u00e1c ch\u1ec9 s\u1ed1 n\u00e0y cho th\u1ea5y hi\u1ec7u qu\u1ea3 qu\u1ea3n l\u00fd v\u00e0 kh\u1ea3 n\u0103ng sinh l\u1eddi v\u01b0\u1ee3t tr\u1ed9i c\u1ee7a c\u1ed5 phi\u1ebfu Casumina<\/b>, h\u1ee9a h\u1eb9n ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 trong 12 th\u00e1ng t\u1edbi.<\/p><\/div>

C\u1ea5u tr\u00fac v\u1ed1n m\u1ea1nh m\u1ebd v\u00e0 thanh kho\u1ea3n c\u1ea3i thi\u1ec7n<\/h3><\/div>

Casumina \u0111\u00e3 t\u00e1i c\u1ea5u tr\u00fac th\u00e0nh c\u00f4ng n\u1ee3 trong giai \u0111o\u1ea1n 2023-2024. T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (D\/E) gi\u1ea3m t\u1eeb 1,8 xu\u1ed1ng 1,3, th\u1ea5p h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh (1,5). C\u1ee5 th\u1ec3, c\u00f4ng ty \u0111\u00e3 gi\u1ea3m n\u1ee3 d\u00e0i h\u1ea1n 15% v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed l\u00e3i vay 22%, t\u1ea1o n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh v\u1eefng ch\u1eafc cho k\u1ebf ho\u1ea1ch m\u1edf r\u1ed9ng n\u0103m 2025.<\/p><\/div>

Ph\u00e2n t\u00edch \u0111\u1ecbnh gi\u00e1 cho th\u1ea5y c\u1ed5 phi\u1ebfu CSM<\/b> \u0111ang giao d\u1ecbch \u1edf m\u1ee9c P\/E 9,8 - th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c trung b\u00ecnh 5 n\u0103m (13,2) v\u00e0 trung b\u00ecnh ng\u00e0nh (11,5). \u0110\u00e2y l\u00e0 m\u1ee9c \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn khi xem x\u00e9t t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn d\u1ef1 ki\u1ebfn 30,8% trong n\u0103m 2025.<\/p><\/div>

Thanh kho\u1ea3n \u0111\u00e3 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3. T\u1ef7 l\u1ec7 thanh to\u00e1n hi\u1ec7n h\u00e0nh t\u0103ng t\u1eeb 1,1 l\u00ean 1,4, v\u00e0 t\u1ef7 l\u1ec7 thanh to\u00e1n nhanh t\u1eeb 0,7 l\u00ean 0,9. \u0110i\u1ec1u n\u00e0y gi\u1ea3m \u00e1p l\u1ef1c t\u00e0i ch\u00ednh ng\u1eafn h\u1ea1n v\u00e0 t\u0103ng t\u00ednh linh ho\u1ea1t trong \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng cho c\u1ed5 phi\u1ebfu cao su mi\u1ec1n Nam<\/b> trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng v\u1ed1n d\u1ef1 b\u00e1o bi\u1ebfn \u0111\u1ed9ng n\u0103m 2025.<\/p><\/div>

Ch\u1ec9 s\u1ed1<\/th>2023<\/th>2024<\/th>\u0110\u00e1nh gi\u00e1<\/th>So s\u00e1nh ng\u00e0nh<\/th><\/tr><\/thead>
T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (D\/E)<\/td>1,8<\/td>1,3<\/td>C\u1ea3i thi\u1ec7n m\u1ea1nh<\/td>T\u1ed1t h\u01a1n (Trung b\u00ecnh ng\u00e0nh 1,5)<\/td><\/tr>
T\u1ef7 l\u1ec7 thanh to\u00e1n hi\u1ec7n h\u00e0nh<\/td>1,1<\/td>1,4<\/td>C\u1ea3i thi\u1ec7n<\/td>\u0110\u1ea1t trung b\u00ecnh ng\u00e0nh<\/td><\/tr>
T\u1ef7 l\u1ec7 thanh to\u00e1n nhanh<\/td>0,7<\/td>0,9<\/td>C\u1ea3i thi\u1ec7n<\/td>T\u1ed1t h\u01a1n (Trung b\u00ecnh ng\u00e0nh 0,85)<\/td><\/tr>
ROE (%)<\/td>-2,8%<\/td>8,5%<\/td>C\u1ea3i thi\u1ec7n v\u01b0\u1ee3t b\u1eadc<\/td>Top 5 trong ng\u00e0nh cao su<\/td><\/tr>
ROA (%)<\/td>-1,1%<\/td>3,2%<\/td>C\u1ea3i thi\u1ec7n v\u01b0\u1ee3t b\u1eadc<\/td>Top 3 trong ng\u00e0nh cao su<\/td><\/tr><\/tbody><\/table><\/div><\/div>

Pocket Option<\/b> cung c\u1ea5p c\u00f4ng c\u1ee5 \"Financial Health Scanner\" \u0111\u1ed9c \u0111\u00e1o, cho ph\u00e9p theo d\u00f5i 20 ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh quan tr\u1ecdng c\u1ee7a c\u1ed5 phi\u1ebfu CSM<\/b> v\u00e0 so s\u00e1nh v\u1edbi 15 c\u00f4ng ty c\u00f9ng ng\u00e0nh. C\u00f4ng c\u1ee5 n\u00e0y c\u1eadp nh\u1eadt d\u1eef li\u1ec7u h\u00e0ng qu\u00fd v\u00e0 cung c\u1ea5p c\u1ea3nh b\u00e1o s\u1edbm v\u1ec1 thay \u0111\u1ed5i trong s\u1ee9c kh\u1ecfe t\u00e0i ch\u00ednh, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm b\u1eaft xu h\u01b0\u1edbng tr\u01b0\u1edbc th\u1ecb tr\u01b0\u1eddng.<\/p><\/div>

5 y\u1ebfu t\u1ed1 ch\u00ednh quy\u1ebft \u0111\u1ecbnh bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu CSM n\u0103m 2025<\/h2><\/div>

Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh c\u1ea7n theo d\u00f5i 5 y\u1ebfu t\u1ed1 ch\u00ednh \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u1ed5 phi\u1ebfu CSM<\/b> trong n\u0103m 2025. Ph\u00e2n t\u00edch n\u00e0y \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn ti\u1ebfp t\u1ee5c bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh v\u1edbi nhi\u1ec1u c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0.<\/p><\/div>

Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 cao su to\u00e0n c\u1ea7u - Y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh bi\u00ean l\u1ee3i nhu\u1eadn<\/h3><\/div>

Gi\u00e1 cao su t\u1ef1 nhi\u00ean v\u00e0 t\u1ed5ng h\u1ee3p l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 quan tr\u1ecdng nh\u1ea5t \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u1ed5 phi\u1ebfu Casumina<\/b>. Chi ph\u00ed nguy\u00ean li\u1ec7u chi\u1ebfm 65% chi ph\u00ed s\u1ea3n ph\u1ea9m, v\u00e0 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 cao su s\u1ebd \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn l\u1ee3i nhu\u1eadn.<\/p><\/div>

C\u1ed5 phi\u1ebfu CSM<\/b> l\u00e0 m\u1ed9t trong nh\u1eefng l\u1ef1a ch\u1ecdn \u0111\u1ea7u t\u01b0 h\u00e0ng \u0111\u1ea7u cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n tham gia v\u00e0o ng\u00e0nh cao su v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng trong b\u1ed1i c\u1ea3nh ph\u00e1t tri\u1ec3n h\u1ea1 t\u1ea7ng m\u1ea1nh m\u1ebd t\u1ea1i Vi\u1ec7t Nam v\u00e0 ch\u00e2u \u00c1.<\/p><\/div>

D\u1ef1 b\u00e1o 2025: Gi\u00e1 cao su t\u1ef1 nhi\u00ean s\u1ebd t\u0103ng 10-15% do ngu\u1ed3n cung t\u1eeb Th\u00e1i Lan v\u00e0 Indonesia gi\u1ea3m (b\u1ec7nh r\u1ee5ng l\u00e1), trong khi nhu c\u1ea7u t\u1eeb Trung Qu\u1ed1c ph\u1ee5c h\u1ed3i. Casumina \u0111\u00e3 k\u00fd h\u1ee3p \u0111\u1ed3ng d\u00e0i h\u1ea1n v\u1edbi c\u00e1c nh\u00e0 cung c\u1ea5p ch\u00ednh \u0111\u1ec3 c\u1ed1 \u0111\u1ecbnh 70% gi\u00e1 nguy\u00ean li\u1ec7u \u0111\u1ebfn Q2\/2025, gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng c\u1ee7a bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng.<\/p><\/div>

Y\u1ebfu t\u1ed1<\/th>T\u00e1c \u0111\u1ed9ng<\/th>M\u1ee9c \u0111\u1ed9 \u1ea3nh h\u01b0\u1edfng<\/th>D\u1ef1 b\u00e1o 2025<\/th><\/tr><\/thead>
T\u0103ng gi\u00e1 cao su t\u1ef1 nhi\u00ean<\/td>T\u0103ng chi ph\u00ed s\u1ea3n xu\u1ea5t 6-8%<\/td>Cao<\/td>T\u0103ng 10-15%<\/td><\/tr>
T\u0103ng tr\u01b0\u1edfng GDP Vi\u1ec7t Nam<\/td>T\u0103ng ti\u00eau th\u1ee5 xe m\u00e1y v\u00e0 \u00f4 t\u00f4 trong n\u01b0\u1edbc<\/td>Trung b\u00ecnh-Cao<\/td>6,8-7,1%<\/td><\/tr>
Bi\u1ebfn \u0111\u1ed9ng t\u1ef7 gi\u00e1 VND\/USD<\/td>T\u00e1c \u0111\u1ed9ng k\u00e9p: +\/- 4% l\u00ean l\u1ee3i nhu\u1eadn<\/td>Trung b\u00ecnh<\/td>Gi\u1ea3m gi\u00e1 3-4%<\/td><\/tr>
Thu\u1ebf nh\u1eadp kh\u1ea9u t\u1ea1i M\u1ef9<\/td>\u1ea2nh h\u01b0\u1edfng xu\u1ea5t kh\u1ea9u sang th\u1ecb tr\u01b0\u1eddng m\u1edbi<\/td>Cao<\/td>Kh\u00f4ng thay \u0111\u1ed5i (28%)<\/td><\/tr>
\u0110\u1ea7u t\u01b0 h\u1ea1 t\u1ea7ng t\u1ea1i Vi\u1ec7t Nam<\/td>T\u0103ng nhu c\u1ea7u l\u1ed1p xe t\u1ea3i, s\u1ea3n ph\u1ea9m c\u00f4ng nghi\u1ec7p<\/td>Cao<\/td>T\u0103ng ng\u00e2n s\u00e1ch 20%<\/td><\/tr><\/tbody><\/table><\/div><\/div>

Pocket Option<\/b> cung c\u1ea5p bi\u1ec3u \u0111\u1ed3 t\u01b0\u01a1ng quan gi\u1eefa gi\u00e1 cao su to\u00e0n c\u1ea7u v\u00e0 c\u1ed5 phi\u1ebfu CSM<\/b>, c\u1eadp nh\u1eadt theo gi\u1edd. C\u00f4ng c\u1ee5 n\u00e0y c\u0169ng t\u00ednh to\u00e1n h\u1ec7 s\u1ed1 Beta c\u1ee5 th\u1ec3 c\u1ee7a CSM v\u1edbi th\u1ecb tr\u01b0\u1eddng cao su, gi\u00fap d\u1ef1 b\u00e1o bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu khi c\u00f3 thay \u0111\u1ed5i trong th\u1ecb tr\u01b0\u1eddng nguy\u00ean li\u1ec7u.<\/p><\/div>

B\u00ean c\u1ea1nh gi\u00e1 nguy\u00ean li\u1ec7u, 4 y\u1ebfu t\u1ed1 quan tr\u1ecdng kh\u00e1c quy\u1ebft \u0111\u1ecbnh xu h\u01b0\u1edbng c\u1ee7a c\u1ed5 phi\u1ebfu cao su mi\u1ec1n Nam<\/b> trong n\u0103m 2025:<\/p><\/div>