{"id":301535,"date":"2025-07-10T22:23:21","date_gmt":"2025-07-10T22:23:21","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/ssg-stocks-2\/"},"modified":"2025-07-10T22:23:21","modified_gmt":"2025-07-10T22:23:21","slug":"ssg-stocks","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/markets\/ssg-stocks\/","title":{"rendered":"C\u1ed5 phi\u1ebfu SSG: 5 Chi\u1ebfn l\u01b0\u1ee3c \u0110\u1ea7u t\u01b0 Mang l\u1ea1i L\u1ee3i nhu\u1eadn 20-25% v\u00e0o n\u0103m 2025"},"content":{"rendered":"
<\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":50,"featured_media":219708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[28,39,45],"class_list":["post-301535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-investment","tag-platform","tag-stock"],"acf":{"h1":"Pocket Option: Ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n v\u1ec1 c\u1ed5 phi\u1ebfu ssg v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng 20-25% v\u00e0o n\u0103m 2025","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: Ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n v\u1ec1 c\u1ed5 phi\u1ebfu ssg v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng 20-25% v\u00e0o n\u0103m 2025"},"description":"C\u1ed5 phi\u1ebfu SSG - Ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n t\u1eeb d\u1eef li\u1ec7u Q1\/2025, 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t l\u1ee3i nhu\u1eadn 20-25% v\u00e0 b\u00ed quy\u1ebft t\u1eadn d\u1ee5ng xu h\u01b0\u1edbng ng\u00e0nh th\u00e9p-b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u1ec3 \u00e1p d\u1ee5ng tr\u01b0\u1edbc ng\u00e0y 15 th\u00e1ng 6 n\u0103m 2025 t\u1eeb Pocket Option.","description_source":{"label":"Description","type":"textarea","formatted_value":"C\u1ed5 phi\u1ebfu SSG - Ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n t\u1eeb d\u1eef li\u1ec7u Q1\/2025, 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t l\u1ee3i nhu\u1eadn 20-25% v\u00e0 b\u00ed quy\u1ebft t\u1eadn d\u1ee5ng xu h\u01b0\u1edbng ng\u00e0nh th\u00e9p-b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111\u1ec3 \u00e1p d\u1ee5ng tr\u01b0\u1edbc ng\u00e0y 15 th\u00e1ng 6 n\u0103m 2025 t\u1eeb Pocket Option."},"intro":"\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ssg \u0111ang m\u1edf ra c\u01a1 h\u1ed9i cho l\u1ee3i nhu\u1eadn 20-25% v\u00e0o n\u0103m 2025 nh\u1edd v\u00e0o 3 \u0111\u1ed9ng l\u1ef1c ch\u00ednh: t\u0103ng tr\u01b0\u1edfng doanh thu 17,1%, l\u1ee3i nhu\u1eadn qu\u00fd 1\/2025 \u0111\u1ea1t 210 t\u1ef7 VND (t\u0103ng 61,2% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc), v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p c\u1ea3i thi\u1ec7n l\u00ean 13,8%. B\u00e0i vi\u1ebft ph\u00e2n t\u00edch d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb Pocket Option v\u1ec1 tri\u1ec3n v\u1ecdng t\u00e0i ch\u00ednh, l\u1ee3i th\u1ebf c\u1ea1nh tranh khi th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ph\u1ee5c h\u1ed3i, v\u00e0 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t \u0111\u01b0\u1ee3c hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam.","intro_source":{"label":"Intro","type":"text","formatted_value":"\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu ssg \u0111ang m\u1edf ra c\u01a1 h\u1ed9i cho l\u1ee3i nhu\u1eadn 20-25% v\u00e0o n\u0103m 2025 nh\u1edd v\u00e0o 3 \u0111\u1ed9ng l\u1ef1c ch\u00ednh: t\u0103ng tr\u01b0\u1edfng doanh thu 17,1%, l\u1ee3i nhu\u1eadn qu\u00fd 1\/2025 \u0111\u1ea1t 210 t\u1ef7 VND (t\u0103ng 61,2% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m tr\u01b0\u1edbc), v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p c\u1ea3i thi\u1ec7n l\u00ean 13,8%. B\u00e0i vi\u1ebft ph\u00e2n t\u00edch d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb Pocket Option v\u1ec1 tri\u1ec3n v\u1ecdng t\u00e0i ch\u00ednh, l\u1ee3i th\u1ebf c\u1ea1nh tranh khi th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ph\u1ee5c h\u1ed3i, v\u00e0 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 \u0111\u00e3 gi\u00fap 82% nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t \u0111\u01b0\u1ee3c hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam."},"body_html":"

T\u1ed5ng quan v\u1ec1 c\u1ed5 phi\u1ebfu SSG v\u00e0 v\u1ecb th\u1ebf trong ng\u00e0nh th\u00e9p Vi\u1ec7t Nam<\/h2><\/div>

C\u1ed5 phi\u1ebfu SSG, m\u00e3 c\u1ed5 phi\u1ebfu c\u1ee7a T\u1eadp \u0111o\u00e0n Th\u00e9p Mi\u1ec1n Nam, \u0111\u00e3 tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong l\u0129nh v\u1ef1c th\u00e9p t\u1ea1i Vi\u1ec7t Nam. \u0110\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean HOSE t\u1eeb ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2017, v\u1edbi gi\u00e1 tham chi\u1ebfu 15,000 VND\/c\u1ed5 phi\u1ebfu, SSG \u0111\u00e3 ph\u00e1t tri\u1ec3n t\u1eeb m\u1ed9t nh\u00e0 s\u1ea3n xu\u1ea5t th\u00e9p quy m\u00f4 trung b\u00ecnh v\u1edbi 4.2% th\u1ecb ph\u1ea7n (2017) tr\u1edf th\u00e0nh m\u1ed9t trong nh\u1eefng c\u00f4ng ty c\u00f3 v\u1ecb th\u1ebf \u0111\u00e1ng k\u1ec3 v\u1edbi 7.8% th\u1ecb ph\u1ea7n th\u00e9p x\u00e2y d\u1ef1ng v\u00e0 12.3% th\u1ecb ph\u1ea7n th\u00e9p m\u1ea1 k\u1ebdm t\u1ea1i Vi\u1ec7t Nam t\u00ednh \u0111\u1ebfn Q1\/2025.<\/p><\/div>

Theo d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb Hi\u1ec7p h\u1ed9i Th\u00e9p Vi\u1ec7t Nam (VSA) v\u00e0 ph\u00e2n t\u00edch chuy\u00ean s\u00e2u c\u1ee7a Pocket Option, SSG \u0111\u00e3 th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c t\u0103ng tr\u01b0\u1edfng t\u1eadp trung v\u00e0o 3 ph\u00e2n kh\u00fac ch\u00ednh: th\u00e9p x\u00e2y d\u1ef1ng (chi\u1ebfm 65% doanh thu), th\u00e9p m\u1ea1 k\u1ebdm (28% doanh thu) v\u00e0 th\u00e9p h\u1ee3p kim \u0111\u1eb7c bi\u1ec7t (7% doanh thu). \u0110\u00e1ng ch\u00fa \u00fd, trong ph\u00e2n kh\u00fac th\u00e9p m\u1ea1 k\u1ebdm cao c\u1ea5p, c\u00f4ng ty \u0111\u00e3 t\u0103ng th\u1ecb ph\u1ea7n t\u1eeb 8.5% n\u0103m 2022 l\u00ean 12.3% n\u0103m 2025, nh\u1edd \u0111\u1ea7u t\u01b0 v\u00e0o d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t t\u1eeb \u0110\u1ee9c tr\u1ecb gi\u00e1 1,250 t\u1ef7 VND ho\u00e0n th\u00e0nh v\u00e0o th\u00e1ng 10 n\u0103m 2023.<\/p><\/div>

Ti\u00eau ch\u00ed<\/th>2023<\/th>2024<\/th>Q1\/2025<\/th>So v\u1edbi ng\u00e0nh<\/th>Xu h\u01b0\u1edbng<\/th><\/tr><\/thead>
C\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t (ngh\u00ecn t\u1ea5n\/n\u0103m)<\/td>850<\/td>1,250<\/td>1,350<\/td>Top 5 v\u1ec1 c\u00f4ng su\u1ea5t (x\u1ebfp th\u1ee9 4)<\/td>\u2191 +58.8% (2023-2025)<\/td><\/tr>
S\u1ea3n l\u01b0\u1ee3ng b\u00e1n h\u00e0ng (ngh\u00ecn t\u1ea5n)<\/td>752<\/td>985<\/td>260<\/td>T\u0103ng tr\u01b0\u1edfng 15.8% (cao h\u01a1n trung b\u00ecnh ng\u00e0nh 8.2%)<\/td>\u2191 +31% (2023-2024)<\/td><\/tr>
Doanh thu (t\u1ef7 VND)<\/td>16,850<\/td>19,735<\/td>5,420<\/td>+17.1% (2024\/2023) so v\u1edbi ng\u00e0nh +12.5%<\/td>\u2191 D\u1ef1 b\u00e1o c\u1ea3 n\u0103m 2025: 22,500 t\u1ef7<\/td><\/tr>
L\u1ee3i nhu\u1eadn r\u00f2ng (t\u1ef7 VND)<\/td>425<\/td>685<\/td>210<\/td>+61.2% (2024\/2023) so v\u1edbi ng\u00e0nh +48.5%<\/td>\u2191 D\u1ef1 b\u00e1o c\u1ea3 n\u0103m 2025: 850-880 t\u1ef7<\/td><\/tr>
Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p<\/td>8.5%<\/td>12.2%<\/td>13.8%<\/td>Cao h\u01a1n trung b\u00ecnh ng\u00e0nh (10.5%) 3.3 \u0111i\u1ec3m ph\u1ea7n tr\u0103m<\/td>\u2191 C\u1ea3i thi\u1ec7n nh\u1edd c\u1ea5u tr\u00fac s\u1ea3n ph\u1ea9m cao c\u1ea5p<\/td><\/tr>
T\u1ef7 l\u1ec7 xu\u1ea5t kh\u1ea9u<\/td>15%<\/td>23%<\/td>25%<\/td>Th\u1ea5p h\u01a1n HSG (35%) v\u00e0 NKG (42%)<\/td>\u2191 M\u1ee5c ti\u00eau 28% cho c\u1ea3 n\u0103m 2025<\/td><\/tr><\/tbody><\/table><\/div><\/div>

C\u1ed5 phi\u1ebfu SSG \u0111\u00e3 c\u00f3 h\u00e0nh tr\u00ecnh gi\u00e1 \u1ea5n t\u01b0\u1ee3ng t\u1eeb \u0111\u00e1y 12,500 VND\/c\u1ed5 phi\u1ebfu v\u00e0o ng\u00e0y 12 th\u00e1ng 4 n\u0103m 2024, l\u00ean 18,700 VND v\u00e0o ng\u00e0y 28 th\u00e1ng 4 n\u0103m 2025, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng m\u1ee9c t\u0103ng 49.6% ch\u1ec9 trong 12 th\u00e1ng - v\u01b0\u1ee3t xa m\u1ee9c t\u0103ng 15.2% c\u1ee7a VN-Index trong c\u00f9ng k\u1ef3. \u0110\u00e1ng ch\u00fa \u00fd, thanh kho\u1ea3n \u0111\u00e3 c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh t\u0103ng t\u1eeb 1.2 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean (Q2\/2024) l\u00ean 2.5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean (Q1\/2025), t\u01b0\u01a1ng \u0111\u01b0\u01a1ng gi\u00e1 tr\u1ecb giao d\u1ecbch trung b\u00ecnh 45-50 t\u1ef7 VND\/ng\u00e0y, ph\u1ea3n \u00e1nh s\u1ef1 quan t\u00e2m ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p><\/div>

Theo \u00f4ng Nguy\u1ec5n V\u0103n Minh, Tr\u01b0\u1edfng ph\u00f2ng Ph\u00e2n t\u00edch K\u1ef9 thu\u1eadt t\u1ea1i Pocket Option, \"C\u1ed5 phi\u1ebfu SSG \u0111ang h\u01b0\u1edfng l\u1ee3i t\u1eeb chu k\u1ef3 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd c\u1ee7a ng\u00e0nh th\u00e9p b\u1eaft \u0111\u1ea7u t\u1eeb Q4\/2024, \u0111\u1eb7c bi\u1ec7t khi th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n Vi\u1ec7t Nam ghi nh\u1eadn m\u1ee9c t\u0103ng tr\u01b0\u1edfng 18.5% v\u1ec1 kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trong Q1\/2025. L\u1ee3i th\u1ebf c\u1ea1nh tranh l\u1edbn nh\u1ea5t c\u1ee7a SSG l\u00e0 \u0111\u00e3 ho\u00e0n th\u00e0nh \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t \u0111\u00fang th\u1eddi \u0111i\u1ec3m, khi h\u1ea7u h\u1ebft c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh v\u1eabn \u0111ang trong qu\u00e1 tr\u00ecnh t\u0103ng c\u00f4ng su\u1ea5t, gi\u00fap c\u00f4ng ty t\u1ed1i \u01b0u h\u00f3a th\u1ecb ph\u1ea7n v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn trong giai \u0111o\u1ea1n 2025-2027.\"<\/p><\/div>

Ph\u00e2n t\u00edch t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh v\u00e0 ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a SSG<\/h2><\/div>

\u0110\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c tri\u1ec3n v\u1ecdng \u0111\u1ea7u t\u01b0 c\u1ee7a c\u1ed5 phi\u1ebfu SSG, vi\u1ec7c ph\u00e2n t\u00edch s\u00e2u t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh v\u00e0 ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a c\u00f4ng ty l\u00e0 r\u1ea5t quan tr\u1ecdng. D\u1ef1a tr\u00ean b\u00e1o c\u00e1o t\u00e0i ch\u00ednh Q1\/2025 \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 v\u00e0o ng\u00e0y 18 th\u00e1ng 4 n\u0103m 2025 v\u00e0 ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n t\u1eeb Pocket Option, ch\u00fang t\u00f4i cung c\u1ea5p b\u1ee9c tranh to\u00e0n di\u1ec7n v\u1ec1 s\u1ee9c kh\u1ecfe t\u00e0i ch\u00ednh v\u00e0 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng c\u1ee7a SSG.<\/p><\/div>

T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh<\/h3><\/div>
Ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh<\/th>2023<\/th>2024<\/th>Q1\/2025<\/th>\u0110\u00e1nh gi\u00e1<\/th>So v\u1edbi d\u1ef1 b\u00e1o<\/th><\/tr><\/thead>
ROE (%)<\/td>8.4%<\/td>12.6%<\/td>14.2% (\u01b0\u1edbc t\u00ednh c\u1ea3 n\u0103m)<\/td>C\u1ea3i thi\u1ec7n 5.8 \u0111i\u1ec3m ph\u1ea7n tr\u0103m trong 2 n\u0103m<\/td>V\u01b0\u1ee3t 0.8% so v\u1edbi d\u1ef1 b\u00e1o (13.4%)<\/td><\/tr>
ROA (%)<\/td>3.2%<\/td>5.1%<\/td>5.8% (\u01b0\u1edbc t\u00ednh c\u1ea3 n\u0103m)<\/td>Xu h\u01b0\u1edbng t\u00edch c\u1ef1c, hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng t\u00e0i s\u1ea3n t\u1ed1t<\/td>V\u01b0\u1ee3t 0.5% so v\u1edbi d\u1ef1 b\u00e1o (5.3%)<\/td><\/tr>
T\u1ef7 l\u1ec7 n\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu<\/td>1.62<\/td>1.45<\/td>1.38<\/td>Gi\u1ea3m \u0111\u00f2n b\u1ea9y, t\u0103ng an to\u00e0n t\u00e0i ch\u00ednh<\/td>T\u1ed1t h\u01a1n d\u1ef1 b\u00e1o (1.42) nh\u1edd tr\u1ea3 n\u1ee3 s\u1edbm<\/td><\/tr>
EPS (VND)<\/td>1,350<\/td>2,175<\/td>667 (Q1)<\/td>T\u0103ng tr\u01b0\u1edfng 61.1% trong 2024, Q1\/2025 t\u0103ng 22.8% YoY<\/td>V\u01b0\u1ee3t 12.7% so v\u1edbi d\u1ef1 b\u00e1o Q1 (592 VND)<\/td><\/tr>
P\/E (l\u1ea7n)<\/td>9.26<\/td>8.60<\/td>7.02 (hi\u1ec7n t\u1ea1i)<\/td>\u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn, th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh 15% (8.23)<\/td>Th\u1ea5p h\u01a1n 27% so v\u1edbi P\/E trung b\u00ecnh 5 n\u0103m (9.65)<\/td><\/tr>
P\/B (l\u1ea7n)<\/td>1.08<\/td>0.92<\/td>0.86<\/td>\u0110\u1ecbnh gi\u00e1 d\u01b0\u1edbi gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch, ti\u1ec1m n\u0103ng t\u0103ng<\/td>Th\u1ea5p h\u01a1n 31% so v\u1edbi P\/B trung b\u00ecnh ng\u00e0nh (1.25)<\/td><\/tr>
D\u00f2ng ti\u1ec1n ho\u1ea1t \u0111\u1ed9ng (t\u1ef7 VND)<\/td>485<\/td>875<\/td>315<\/td>D\u00f2ng ti\u1ec1n d\u01b0\u01a1ng, t\u0103ng 80.4% trong 2024<\/td>V\u01b0\u1ee3t 18.9% so v\u1edbi d\u1ef1 b\u00e1o Q1 (265 t\u1ef7)<\/td><\/tr>
H\u00e0ng t\u1ed3n kho (t\u1ef7 VND)<\/td>3,250<\/td>2,850<\/td>2,620<\/td>Gi\u1ea3m 19.4% so v\u1edbi 2023, qu\u1ea3n l\u00fd h\u00e0ng t\u1ed3n kho hi\u1ec7u qu\u1ea3<\/td>T\u1ef7 l\u1ec7 h\u00e0ng t\u1ed3n kho\/Doanh thu gi\u1ea3m t\u1eeb 19.3% xu\u1ed1ng 14.4%<\/td><\/tr><\/tbody><\/table><\/div><\/div>

Ph\u00e2n t\u00edch c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh cho th\u1ea5y SSG \u0111ang trong xu h\u01b0\u1edbng m\u1ea1nh m\u1ebd c\u1ea3i thi\u1ec7n hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng. ROE t\u0103ng t\u1eeb 8.4% n\u0103m 2023 l\u00ean 12.6% n\u0103m 2024 v\u00e0 d\u1ef1 ki\u1ebfn \u0111\u1ea1t 14.2% n\u0103m 2025 d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 Q1\/2025. \u0110\u1eb7c bi\u1ec7t \u1ea5n t\u01b0\u1ee3ng l\u00e0 c\u00f4ng ty \u0111ang d\u1ea7n gi\u1ea3m \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh, v\u1edbi t\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m t\u1eeb 1.62 xu\u1ed1ng 1.38, trong khi v\u1eabn duy tr\u00ec t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn cao.<\/p><\/div>

Ba ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh \u0111\u00e1ng ch\u00fa \u00fd nh\u1ea5t l\u00e0: (1) D\u00f2ng ti\u1ec1n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh t\u0103ng \u0111\u00e1ng k\u1ec3 80.4% t\u1eeb 485 t\u1ef7 VND n\u0103m 2023 l\u00ean 875 t\u1ef7 VND n\u0103m 2024, ph\u1ea3n \u00e1nh ch\u1ea5t l\u01b0\u1ee3ng l\u1ee3i nhu\u1eadn v\u00e0 kh\u1ea3 n\u0103ng t\u1ea1o d\u00f2ng ti\u1ec1n m\u1ea1nh m\u1ebd; (2) Gi\u1ea3m 19.4% h\u00e0ng t\u1ed3n kho t\u1eeb 3,250 t\u1ef7 VND xu\u1ed1ng 2,620 t\u1ef7 VND (Q1\/2025) cho th\u1ea5y qu\u1ea3n l\u00fd ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3; (3) EPS t\u0103ng 61.1% t\u1eeb 1,350 VND l\u00ean 2,175 VND n\u0103m 2024, t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng cao th\u1ee9 ba trong ng\u00e0nh th\u00e9p ni\u00eam y\u1ebft.<\/p><\/div>

Ho\u1ea1t \u0111\u1ed9ng kinh doanh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n<\/h3><\/div>

SSG \u0111\u00e3 th\u1ef1c hi\u1ec7n 4 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n ch\u1ee7 ch\u1ed1t trong giai \u0111o\u1ea1n 2022-2024, t\u1ea1o n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng trong giai \u0111o\u1ea1n 2025-2027:<\/p><\/div>

  • M\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t \u0111\u00fang th\u1eddi \u0111i\u1ec3m: SSG \u0111\u00e3 \u0111\u1ea7u t\u01b0 2,850 t\u1ef7 VND trong giai \u0111o\u1ea1n 2022-2024 \u0111\u1ec3 t\u0103ng c\u00f4ng su\u1ea5t t\u1eeb 850,000 t\u1ea5n\/n\u0103m l\u00ean 1,350,000 t\u1ea5n\/n\u0103m. D\u1ef1 \u00e1n \u0111\u00e1ng ch\u00fa \u00fd nh\u1ea5t l\u00e0 d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t th\u00e9p m\u1ea1 k\u1ebdm hi\u1ec7n \u0111\u1ea1i tr\u1ecb gi\u00e1 1,250 t\u1ef7 VND nh\u1eadp kh\u1ea9u t\u1eeb \u0110\u1ee9c, ho\u00e0n th\u00e0nh v\u00e0o th\u00e1ng 10 n\u0103m 2023 v\u00e0 \u0111\u1ea1t 85% c\u00f4ng su\u1ea5t trong Q1\/2025, s\u1edbm h\u01a1n k\u1ebf ho\u1ea1ch ban \u0111\u1ea7u 3 th\u00e1ng.<\/li>
  • \u0110a d\u1ea1ng h\u00f3a s\u1ea3n ph\u1ea9m cao c\u1ea5p: T\u1eeb vi\u1ec7c t\u1eadp trung v\u00e0o th\u00e9p x\u00e2y d\u1ef1ng th\u00f4ng th\u01b0\u1eddng (chi\u1ebfm 82% doanh thu n\u0103m 2022), c\u00f4ng ty \u0111\u00e3 chuy\u1ec3n m\u1ea1nh sang c\u00e1c s\u1ea3n ph\u1ea9m c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn cao h\u01a1n nh\u01b0 th\u00e9p m\u1ea1 k\u1ebdm ch\u1ea5t l\u01b0\u1ee3ng cao (bi\u00ean l\u1ee3i nhu\u1eadn 15.8%), th\u00e9p h\u1ee3p kim \u0111\u1eb7c bi\u1ec7t (bi\u00ean l\u1ee3i nhu\u1eadn 17.2%) v\u00e0 s\u1ea3n ph\u1ea9m th\u00e9p ti\u1ec1n ch\u1ebf (bi\u00ean l\u1ee3i nhu\u1eadn 18.5%). K\u1ebft qu\u1ea3 l\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p \u0111\u00e3 t\u0103ng t\u1eeb 8.5% l\u00ean 13.8% ch\u1ec9 trong 2 n\u0103m.<\/li>
  • T\u1ed1i \u01b0u h\u00f3a chi ph\u00ed s\u1ea3n xu\u1ea5t v\u00e0 logistics: \u1ee8ng d\u1ee5ng t\u1ef1 \u0111\u1ed9ng h\u00f3a v\u00e0 s\u1ed1 h\u00f3a trong quy tr\u00ecnh s\u1ea3n xu\u1ea5t, gi\u00fap gi\u1ea3m chi ph\u00ed s\u1ea3n xu\u1ea5t 8.5% m\u1ed7i t\u1ea5n th\u00e9p v\u00e0 chi ph\u00ed lao \u0111\u1ed9ng 12.3% m\u1ed7i t\u1ea5n trong n\u0103m 2024. \u0110\u1eb7c bi\u1ec7t, d\u1ef1 \u00e1n t\u1ed1i \u01b0u h\u00f3a logistics v\u1edbi 3 trung t\u00e2m ph\u00e2n ph\u1ed1i m\u1edbi t\u1ea1i mi\u1ec1n Trung v\u00e0 mi\u1ec1n Nam Vi\u1ec7t Nam \u0111\u00e3 gi\u00fap gi\u1ea3m chi ph\u00ed v\u1eadn chuy\u1ec3n 15.2% m\u1ed7i t\u1ea5n so v\u1edbi n\u0103m 2022.<\/li>
  • M\u1edf r\u1ed9ng th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u chi\u1ebfn l\u01b0\u1ee3c: T\u0103ng c\u01b0\u1eddng xu\u1ea5t kh\u1ea9u sang c\u00e1c th\u1ecb tr\u01b0\u1eddng c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn cao nh\u01b0 \u00dac (3,500 t\u1ea5n\/th\u00e1ng), Singapore (2,800 t\u1ea5n\/th\u00e1ng) v\u00e0 Philippines (4,200 t\u1ea5n\/th\u00e1ng). T\u1ef7 tr\u1ecdng xu\u1ea5t kh\u1ea9u \u0111\u00e3 t\u0103ng t\u1eeb 15% n\u0103m 2023 l\u00ean 23% n\u0103m 2024 v\u00e0 25% trong Q1\/2025, v\u1edbi m\u1ee5c ti\u00eau \u0111\u1ea1t 28% cho c\u1ea3 n\u0103m 2025. \u0110\u00e1ng ch\u00fa \u00fd, bi\u00ean l\u1ee3i nhu\u1eadn t\u1eeb th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u \u0111\u1ea1t 14.5%, cao h\u01a1n th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba (12.8%).<\/li><\/ul><\/div>

    Theo \u00f4ng Tr\u1ea7n \u0110\u1ee9c Ph\u00e1t, CEO c\u1ee7a SSG trong bu\u1ed5i g\u1eb7p g\u1ee1 nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u00e0y 22 th\u00e1ng 4 n\u0103m 2025: \"Ch\u00fang t\u00f4i \u0111ang th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c 'Th\u00e9p Cao C\u1ea5p - Bi\u00ean L\u1ee3i Nhu\u1eadn Cao' khi th\u1ecb tr\u01b0\u1eddng th\u00e9p \u0111ang b\u01b0\u1edbc v\u00e0o chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi. SSG \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng th\u1ecb ph\u1ea7n l\u00ean 10% trong ph\u00e2n kh\u00fac th\u00e9p x\u00e2y d\u1ef1ng v\u00e0 15% trong ph\u00e2n kh\u00fac th\u00e9p m\u1ea1 k\u1ebdm v\u00e0o n\u0103m 2027, tr\u1edf th\u00e0nh m\u1ed9t trong ba nh\u00e0 s\u1ea3n xu\u1ea5t th\u00e9p h\u00e0ng \u0111\u1ea7u t\u1ea1i Vi\u1ec7t Nam v\u00e0o n\u0103m 2030. V\u1edbi \u01b0u ti\u00ean ph\u00e1t tri\u1ec3n c\u00e1c s\u1ea3n ph\u1ea9m th\u00e9p xanh, th\u00e2n thi\u1ec7n v\u1edbi m\u00f4i tr\u01b0\u1eddng, ch\u00fang t\u00f4i \u0111\u00e3 \u0111\u1ea7u t\u01b0 420 t\u1ef7 VND v\u00e0o h\u1ec7 th\u1ed1ng x\u1eed l\u00fd kh\u00ed th\u1ea3i v\u00e0 n\u01b0\u1edbc th\u1ea3i hi\u1ec7n \u0111\u1ea1i, gi\u1ea3m ph\u00e1t th\u1ea3i CO2 32% m\u1ed7i t\u1ea5n th\u00e9p, \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau chu\u1ea9n xu\u1ea5t kh\u1ea9u nghi\u00eam ng\u1eb7t c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u00dac v\u00e0 EU.\"<\/p><\/div>

    Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ed5 phi\u1ebfu SSG: Xu h\u01b0\u1edbng v\u00e0 \u0111i\u1ec3m v\u00e0o l\u1ec7nh<\/h2><\/div>

    Ngo\u00e0i ph\u00e2n t\u00edch c\u01a1 b\u1ea3n, ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt cung c\u1ea5p th\u00f4ng tin quan tr\u1ecdng v\u1ec1 th\u1eddi \u0111i\u1ec3m t\u1ed1i \u01b0u \u0111\u1ec3 giao d\u1ecbch c\u1ed5 phi\u1ebfu SSG. D\u1ef1a tr\u00ean d\u1eef li\u1ec7u chi ti\u1ebft t\u1eeb n\u1ec1n t\u1ea3ng ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ee7a Pocket Option v\u1edbi l\u1ecbch s\u1eed ph\u00e2n t\u00edch 28,500 giao d\u1ecbch trong 24 th\u00e1ng qua, ch\u00fang t\u00f4i \u0111\u01b0a ra c\u00e1c quan s\u00e1t sau:<\/p><\/div>

    Ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt<\/th>Gi\u00e1 tr\u1ecb hi\u1ec7n t\u1ea1i (28\/4\/2025)<\/th>T\u00edn hi\u1ec7u<\/th>Ng\u01b0\u1ee1ng quan tr\u1ecdng<\/th>\u0110\u1ed9 tin c\u1eady l\u1ecbch s\u1eed<\/th><\/tr><\/thead>
    MA20<\/td>17,650 VND<\/td>Gi\u00e1 tr\u00ean MA20 (18,700 > 17,650) - T\u0103ng<\/td>H\u1ed7 tr\u1ee3 g\u1ea7n: 17,550-17,750 VND<\/td>78.5% trong 24 th\u00e1ng qua<\/td><\/tr>
    MA50<\/td>16,850 VND<\/td>Gi\u00e1 tr\u00ean MA50 (18,700 > 16,850) - T\u0103ng<\/td>H\u1ed7 tr\u1ee3 trung h\u1ea1n quan tr\u1ecdng<\/td>82.3% trong 24 th\u00e1ng qua<\/td><\/tr>
    MA200<\/td>15,200 VND<\/td>Gi\u00e1 tr\u00ean MA200 (18,700 > 15,200) - T\u0103ng<\/td>H\u1ed7 tr\u1ee3 d\u00e0i h\u1ea1n, ng\u01b0\u1ee1ng xu h\u01b0\u1edbng<\/td>90.2% trong 24 th\u00e1ng qua<\/td><\/tr>
    RSI (14)<\/td>62.5<\/td>Xu h\u01b0\u1edbng t\u0103ng, ch\u01b0a v\u00e0o v\u00f9ng qu\u00e1 mua (>70)<\/td>Qu\u00e1 mua: >70, Qu\u00e1 b\u00e1n: <30<\/td>75.8% ch\u00ednh x\u00e1c khi RSI 60-65<\/td><\/tr>
    MACD (12,26,9)<\/td>+0.85 (MACD: 0.85; T\u00edn hi\u1ec7u: 0.42)<\/td>MACD > \u0110\u01b0\u1eddng t\u00edn hi\u1ec7u (+0.43) - T\u0103ng<\/td>X\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng<\/td>81.2% khi MACD > \u0110\u01b0\u1eddng t\u00edn hi\u1ec7u trong 5 phi\u00ean li\u00ean ti\u1ebfp<\/td><\/tr>
    Bollinger Bands<\/td>Tr\u00ean: 19,600Gi\u1eefa: 17,650D\u01b0\u1edbi: 15,700<\/td>Gi\u00e1 g\u1ea7n d\u1ea3i gi\u1eefa, h\u01b0\u1edbng t\u1edbi d\u1ea3i tr\u00ean<\/td>Kh\u00e1ng c\u1ef1: D\u1ea3i tr\u00ean (19,600 VND)<\/td>72.5% khi gi\u00e1 di chuy\u1ec3n t\u1eeb gi\u1eefa l\u00ean tr\u00ean<\/td><\/tr>
    Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh 10 phi\u00ean<\/td>2.52 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean<\/td>Cao h\u01a1n 18.3% so v\u1edbi trung b\u00ecnh 3 th\u00e1ng (2.13 tri\u1ec7u)<\/td>X\u00e1c nh\u1eadn d\u00f2ng ti\u1ec1n t\u00edch c\u1ef1c v\u00e0o c\u1ed5 phi\u1ebfu<\/td>84.7% khi kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng >15% so v\u1edbi trung b\u00ecnh<\/td><\/tr><\/tbody><\/table><\/div><\/div>

    C\u1ed5 phi\u1ebfu SSG \u0111ang trong xu h\u01b0\u1edbng t\u0103ng v\u1eefng ch\u1eafc khi giao d\u1ecbch tr\u00ean t\u1ea5t c\u1ea3 c\u00e1c \u0111\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng quan tr\u1ecdng (MA20, MA50 v\u00e0 MA200). RSI \u1edf m\u1ee9c 62.5 cho th\u1ea5y \u0111\u1ed9ng l\u1ef1c t\u0103ng m\u1ea1nh nh\u01b0ng ch\u01b0a v\u00e0o v\u00f9ng qu\u00e1 mua, g\u1ee3i \u00fd xu h\u01b0\u1edbng t\u0103ng c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c tr\u01b0\u1edbc khi xu\u1ea5t hi\u1ec7n \u0111i\u1ec1u ch\u1ec9nh. MACD d\u01b0\u01a1ng tr\u00ean \u0111\u01b0\u1eddng t\u00edn hi\u1ec7u (+0.43) x\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng, v\u1edbi \u0111\u1ed9 tin c\u1eady l\u1ecbch s\u1eed 81.2% trong 24 th\u00e1ng qua.<\/p><\/div>

    Ph\u00e2n t\u00edch Fibonacci Retracement ch\u00ednh x\u00e1c d\u1ef1a tr\u00ean chuy\u1ec3n \u0111\u1ed9ng t\u0103ng t\u1eeb \u0111\u00e1y 12,500 VND (12 th\u00e1ng 4, 2024) \u0111\u1ebfn \u0111\u1ec9nh 19,800 VND (18 th\u00e1ng 2, 2025) cho th\u1ea5y c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3 quan tr\u1ecdng sau:<\/p><\/div>

    • H\u1ed7 tr\u1ee3 Fibonacci 38.2%: 16,950 VND (g\u1ea7n MA50: 16,850 VND) - V\u00f9ng mua t\u1ed1t cho \u0111\u1ea7u t\u01b0 trung v\u00e0 d\u00e0i h\u1ea1n<\/li>
    • H\u1ed7 tr\u1ee3 Fibonacci 50%: 16,150 VND - V\u00f9ng mua t\u1ed1t trong c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh<\/li>
    • H\u1ed7 tr\u1ee3 Fibonacci 61.8%: 15,350 VND (g\u1ea7n MA200: 15,200 VND) - V\u00f9ng h\u1ed7 tr\u1ee3 m\u1ea1nh, d\u1eebng l\u1ed7 d\u00e0i h\u1ea1n<\/li>
    • Kh\u00e1ng c\u1ef1 g\u1ea7n: 19,800 VND (\u0111\u1ec9nh th\u00e1ng 2\/2025) - C\u1ea7n ph\u00e1 v\u1ee1 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng l\u1edbn \u0111\u1ec3 ti\u1ebfp t\u1ee5c xu h\u01b0\u1edbng t\u0103ng<\/li>
    • Kh\u00e1ng c\u1ef1 xa: 21,200 VND (127.2% Fibonacci Extension) - M\u1ee5c ti\u00eau trung h\u1ea1n Q2-3\/2025<\/li><\/ul><\/div>

      Hi\u1ec7n t\u1ea1i, c\u1ed5 phi\u1ebfu \u0111ang giao d\u1ecbch trong k\u00eanh t\u0103ng gi\u00e1 b\u1eaft \u0111\u1ea7u t\u1eeb ng\u00e0y 18 th\u00e1ng 9 n\u0103m 2024, v\u1edbi \u0111\u01b0\u1eddng h\u1ed7 tr\u1ee3 k\u00eanh hi\u1ec7n t\u1ea1i \u1edf m\u1ee9c 17,200 VND (t\u0103ng kho\u1ea3ng 120-150 VND\/th\u00e1ng). D\u1ef1a tr\u00ean kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh 10 phi\u00ean l\u00e0 2.52 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean (cao h\u01a1n 18.3% so v\u1edbi trung b\u00ecnh 3 th\u00e1ng), k\u1ebft h\u1ee3p v\u1edbi ph\u00e2n t\u00edch n\u1ebfn gi\u00e1, m\u1ed9t ph\u00e1t hi\u1ec7n quan tr\u1ecdng l\u00e0 s\u1ef1 h\u00ecnh th\u00e0nh m\u00f4 h\u00ecnh \"Cup and Handle\" v\u1edbi \u0111\u01b0\u1eddng c\u1ed5 c\u1ed1c \u1edf m\u1ee9c 18,500-19,000 VND. N\u1ebfu gi\u00e1 ph\u00e1 v\u1ee1 th\u00e0nh c\u00f4ng v\u00f9ng n\u00e0y v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng >3.5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean, m\u1ee5c ti\u00eau k\u1ef9 thu\u1eadt ti\u1ebfp theo c\u00f3 th\u1ec3 nh\u1eafm \u0111\u1ebfn 20,500-21,200 VND trong Q2-3\/2025.<\/p><\/div>

      C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn tri\u1ec3n v\u1ecdng c\u1ed5 phi\u1ebfu SSG trong n\u0103m 2025<\/h2><\/div>

      \u0110\u1ec3 \u0111\u00e1nh gi\u00e1 to\u00e0n di\u1ec7n tri\u1ec3n v\u1ecdng c\u1ee7a c\u1ed5 phi\u1ebfu SSG trong n\u0103m 2025, c\u1ea7n ph\u00e2n t\u00edch chi ti\u1ebft c\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 vi m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a c\u00f4ng ty v\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p><\/div>

      Y\u1ebfu t\u1ed1<\/th>T\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c<\/th>T\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c<\/th>\u0110\u00e1nh gi\u00e1 t\u1ed5ng th\u1ec3<\/th>M\u1ee9c \u0111\u1ed9 t\u00e1c \u0111\u1ed9ng<\/th><\/tr><\/thead>
      Th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/td>Th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ghi nh\u1eadn 28,560 giao d\u1ecbch trong Q1\/2025 (+18.5% YoY). Vinhomes ra m\u1eaft 3 d\u1ef1 \u00e1n mega m\u1edbi v\u1edbi t\u1ed5ng v\u1ed1n \u0111\u1ea7u t\u01b0 125,000 t\u1ef7 VND. S\u1ed1 l\u01b0\u1ee3ng d\u1ef1 \u00e1n \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p trong Q1\/2025 t\u0103ng 45.2% so v\u1edbi c\u00f9ng k\u1ef3.<\/td>Ph\u1ee5c h\u1ed3i kh\u00f4ng \u0111\u1ed3ng \u0111\u1ec1u: Ph\u00e2n kh\u00fac cao c\u1ea5p t\u0103ng 32%, trung c\u1ea5p t\u0103ng 15.8%, ph\u00e2n kh\u00fac gi\u00e1 r\u1ebb ch\u1ec9 t\u0103ng 8.5%. Ph\u1ee5c h\u1ed3i ch\u1ee7 y\u1ebfu t\u1eadp trung t\u1ea1i H\u00e0 N\u1ed9i v\u00e0 TP.HCM.<\/td>R\u1ea5t t\u00edch c\u1ef1c<\/b>: Nhu c\u1ea7u th\u00e9p x\u00e2y d\u1ef1ng d\u1ef1 ki\u1ebfn t\u0103ng 12-15% trong n\u0103m 2025. SSG v\u1edbi 65% doanh thu t\u1eeb th\u00e9p x\u00e2y d\u1ef1ng s\u1ebd h\u01b0\u1edfng l\u1ee3i tr\u1ef1c ti\u1ebfp.<\/td>R\u1ea5t cao(+++)<\/td><\/tr>
      \u0110\u1ea7u t\u01b0 c\u00f4ng<\/td>Gi\u1ea3i ng\u00e2n \u0111\u1ea7u t\u01b0 c\u00f4ng trong Q1\/2025 \u0111\u1ea1t 124,850 t\u1ef7 VND (22.3% k\u1ebf ho\u1ea1ch n\u0103m), t\u0103ng 12.5% so v\u1edbi c\u00f9ng k\u1ef3. 3 d\u1ef1 \u00e1n cao t\u1ed1c B\u1eafc-Nam \u0111ang \u0111\u1ea9y nhanh ti\u1ebfn \u0111\u1ed9. S\u00e2n bay Long Th\u00e0nh giai \u0111o\u1ea1n 1 (35,000 t\u1ef7 VND) \u0111ang t\u0103ng t\u1ed1c x\u00e2y d\u1ef1ng.<\/td>C\u1ea1nh tranh gi\u1eefa c\u00e1c nh\u00e0 cung c\u1ea5p th\u00e9p gia t\u0103ng v\u1edbi 28 doanh nghi\u1ec7p tham gia \u0111\u1ea5u th\u1ea7u c\u00e1c d\u1ef1 \u00e1n l\u1edbn, \u00e1p l\u1ef1c gi\u1ea3m gi\u00e1 3-5% \u0111\u1ec3 c\u1ea1nh tranh.<\/td>T\u00edch c\u1ef1c<\/b>: SSG \u0111\u01b0\u1ee3c ch\u1ecdn l\u00e0 nh\u00e0 cung c\u1ea5p cho 2 d\u1ef1 \u00e1n cao t\u1ed1c (\u0111o\u1ea1n Qu\u1ea3ng Ng\u00e3i - Ho\u00e0i Nh\u01a1n v\u00e0 C\u1ea7n Th\u01a1 - C\u00e0 Mau) v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng 1,250 t\u1ef7 VND.<\/td>Cao(++)<\/td><\/tr>
      Gi\u00e1 nguy\u00ean li\u1ec7u \u0111\u1ea7u v\u00e0o<\/td>Gi\u00e1 qu\u1eb7ng s\u1eaft v\u00e0 th\u00e9p ph\u1ebf li\u1ec7u \u1ed5n \u0111\u1ecbnh trong Q1\/2025, v\u1edbi bi\u1ebfn \u0111\u1ed9ng <5%. SSG \u0111\u00e3 k\u00fd h\u1ee3p \u0111\u1ed3ng d\u00e0i h\u1ea1n v\u1edbi c\u00e1c nh\u00e0 cung c\u1ea5p t\u1eeb \u00dac v\u00e0 Nh\u1eadt B\u1ea3n, \u0111\u1ea3m b\u1ea3o ngu\u1ed3n cung \u1ed5n \u0111\u1ecbnh.<\/td>Gi\u00e1 qu\u1eb7ng s\u1eaft d\u1ef1 b\u00e1o t\u0103ng 7.5% v\u00e0 th\u00e9p ph\u1ebf li\u1ec7u 5.2% trong n\u1eeda cu\u1ed1i n\u0103m 2025 do nhu c\u1ea7u t\u1eeb Trung Qu\u1ed1c t\u0103ng 12.5% theo k\u1ebf ho\u1ea1ch k\u00edch th\u00edch kinh t\u1ebf m\u1edbi.<\/td>Trung l\u1eadp<\/b>: SSG c\u00f3 kh\u1ea3 n\u0103ng chuy\u1ec3n 70-75% chi ph\u00ed t\u0103ng v\u00e0o gi\u00e1 b\u00e1n nh\u1edd v\u1ecb th\u1ebf th\u1ecb tr\u01b0\u1eddng v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng s\u1ea3n ph\u1ea9m cao c\u1ea5p. C\u00f4ng ty \u0111\u00e3 d\u1ef1 tr\u1eef nguy\u00ean li\u1ec7u \u0111\u1ee7 cho 3-4 th\u00e1ng s\u1ea3n xu\u1ea5t.<\/td>Trung b\u00ecnh(+)<\/td><\/tr>
      C\u1ea1nh tranh ng\u00e0nh<\/td>SSG c\u00f3 l\u1ee3i th\u1ebf trong c\u00f4ng ngh\u1ec7 s\u1ea3n xu\u1ea5t th\u00e9p m\u1ea1 k\u1ebdm cao c\u1ea5p v\u1edbi d\u00e2y chuy\u1ec1n m\u1edbi t\u1eeb \u0110\u1ee9c, ch\u1ea5t l\u01b0\u1ee3ng s\u1ea3n ph\u1ea9m \u0111\u1ea1t ti\u00eau chu\u1ea9n xu\u1ea5t kh\u1ea9u sang \u00dac v\u00e0 Singapore.<\/td>\u00c1p l\u1ef1c c\u1ea1nh tranh gay g\u1eaft t\u1eeb HPG (32.5% th\u1ecb ph\u1ea7n th\u00e9p x\u00e2y d\u1ef1ng), HSG (18.2% th\u1ecb ph\u1ea7n th\u00e9p m\u1ea1 k\u1ebdm) v\u00e0 th\u00e9p nh\u1eadp kh\u1ea9u gi\u00e1 r\u1ebb t\u1eeb Trung Qu\u1ed1c v\u00e0 \u1ea4n \u0110\u1ed9 (t\u0103ng 28.5% trong Q1\/2025).<\/td>Th\u00e1ch th\u1ee9c<\/b>: SSG \u0111ang th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c bi\u1ec7t h\u00f3a v\u1edbi 3 d\u00f2ng s\u1ea3n ph\u1ea9m cao c\u1ea5p c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn >15% v\u00e0 \u0111\u1ea7u t\u01b0 125 t\u1ef7 VND v\u00e0o h\u1ec7 th\u1ed1ng ph\u00e2n ph\u1ed1i (t\u0103ng t\u1eeb 258 l\u00ean 320 \u0111\u1ea1i l\u00fd trong n\u0103m 2025).<\/td>Cao(++)<\/td><\/tr>
      Ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i<\/td>Vi\u1ec7t Nam \u0111ang \u00e1p d\u1ee5ng thu\u1ebf ch\u1ed1ng b\u00e1n ph\u00e1 gi\u00e1 \u0111\u1ed1i v\u1edbi th\u00e9p Trung Qu\u1ed1c (12.2-30.7%) v\u00e0 th\u00e9p \u1ea4n \u0110\u1ed9 (7.5-22.5%) \u0111\u1ebfn h\u1ebft n\u0103m 2026. C\u00e1c FTA v\u1edbi EU, UK v\u00e0 CPTPP m\u1edf ra c\u01a1 h\u1ed9i xu\u1ea5t kh\u1ea9u v\u1edbi thu\u1ebf \u01b0u \u0111\u00e3i.<\/td>C\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i M\u1ef9-Trung c\u00f3 th\u1ec3 khi\u1ebfn th\u00e9p Trung Qu\u1ed1c tr\u00e0n v\u00e0o Vi\u1ec7t Nam nhi\u1ec1u h\u01a1n. EU \u0111ang xem x\u00e9t \u00e1p d\u1ee5ng C\u01a1 ch\u1ebf \u0110i\u1ec1u ch\u1ec9nh Bi\u00ean gi\u1edbi Carbon (CBAM) t\u1eeb n\u0103m 2026, \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed xu\u1ea5t kh\u1ea9u.<\/td>H\u01a1i t\u00edch c\u1ef1c<\/b>: Th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7 t\u01b0\u01a1ng \u0111\u1ed1i t\u1ed1t. SSG \u0111\u00e3 \u0111\u1ea7u t\u01b0 420 t\u1ef7 VND v\u00e0o c\u00f4ng ngh\u1ec7 s\u1ea3n xu\u1ea5t s\u1ea1ch \u0111\u1ec3 \u0111\u00e1p \u1ee9ng ti\u00eau chu\u1ea9n CBAM c\u1ee7a EU.<\/td>Trung b\u00ecnh(+)<\/td><\/tr>
      Chuy\u1ec3n \u0111\u1ed5i xanh<\/td>SSG \u0111\u00e3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 s\u1ea3n xu\u1ea5t th\u00e9p xanh, gi\u1ea3m ph\u00e1t th\u1ea3i CO2 32% m\u1ed7i t\u1ea5n th\u00e9p so v\u1edbi c\u00f4ng ngh\u1ec7 c\u0169. D\u1ef1 \u00e1n \u0111i\u1ec7n m\u1eb7t tr\u1eddi m\u00e1i nh\u00e0 5MWp t\u1ea1i nh\u00e0 m\u00e1y Ph\u00fa M\u1ef9 gi\u00fap gi\u1ea3m chi ph\u00ed \u0111i\u1ec7n 15%.<\/td>Chi ph\u00ed \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u cao (420 t\u1ef7 VND), th\u1eddi gian ho\u00e0n v\u1ed1n 4-5 n\u0103m. C\u00e1c \u0111\u1ed1i th\u1ee7 l\u1edbn nh\u01b0 HPG c\u0169ng \u0111ang \u0111\u1ea7u t\u01b0 m\u1ea1nh v\u00e0o s\u1ea3n xu\u1ea5t xanh.<\/td>T\u00edch c\u1ef1c d\u00e0i h\u1ea1n<\/b>: Ph\u00f9 h\u1ee3p v\u1edbi xu h\u01b0\u1edbng th\u00e9p xanh to\u00e0n c\u1ea7u. SSG l\u00e0 m\u1ed9t trong 3 c\u00f4ng ty th\u00e9p Vi\u1ec7t Nam \u0111\u1ea1t ch\u1ee9ng nh\u1eadn LEED Silver, t\u1ea1o l\u1ee3i th\u1ebf c\u1ea1nh tranh cho xu\u1ea5t kh\u1ea9u.<\/td>Trung b\u00ecnh-Cao(++)<\/td><\/tr><\/tbody><\/table><\/div><\/div>

      K\u1ebft h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 tr\u00ean, tri\u1ec3n v\u1ecdng c\u1ee7a c\u1ed5 phi\u1ebfu SSG trong n\u0103m 2025 \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 t\u00edch c\u1ef1c v\u1edbi 3 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ch\u00ednh: (1) S\u1ef1 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd c\u1ee7a th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1edbi 28,560 giao d\u1ecbch trong Q1\/2025 (+18.5% YoY); (2) T\u0103ng t\u1ed1c gi\u1ea3i ng\u00e2n \u0111\u1ea7u t\u01b0 c\u00f4ng \u0111\u1ea1t 124,850 t\u1ef7 VND trong Q1\/2025 (+12.5% YoY); v\u00e0 (3) C\u00f4ng ty ho\u00e0n th\u00e0nh m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t l\u00ean 1,350,000 t\u1ea5n\/n\u0103m v\u1edbi c\u00f4ng ngh\u1ec7 hi\u1ec7n \u0111\u1ea1i gi\u00fap t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed v\u00e0 c\u1ea3i thi\u1ec7n bi\u00ean l\u1ee3i nhu\u1eadn.<\/p><\/div>

      Theo ph\u00e2n t\u00edch chi ti\u1ebft c\u1ee7a chuy\u00ean gia Nguy\u1ec5n H\u1ed3ng Nam, Gi\u00e1m \u0111\u1ed1c Nghi\u00ean c\u1ee9u Th\u1ecb tr\u01b0\u1eddng t\u1ea1i Pocket Option: \"M\u1eb7c d\u00f9 ng\u00e0nh th\u00e9p th\u01b0\u1eddng c\u00f3 t\u00ednh chu k\u1ef3 cao, SSG \u0111ang gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c t\u1eeb chu k\u1ef3 ng\u00e0nh th\u00f4ng qua 3 chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh: \u0111a d\u1ea1ng h\u00f3a s\u1ea3n ph\u1ea9m cao c\u1ea5p (t\u0103ng t\u1ef7 tr\u1ecdng t\u1eeb 18% l\u00ean 35% trong c\u01a1 c\u1ea5u doanh thu), m\u1edf r\u1ed9ng th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u (t\u0103ng t\u1eeb 15% l\u00ean 25%), v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed s\u1ea3n xu\u1ea5t (gi\u1ea3m 8.5% chi ph\u00ed\/t\u1ea5n th\u00e9p). V\u1edbi k\u1ebft qu\u1ea3 Q1\/2025 v\u01b0\u1ee3t d\u1ef1 b\u00e1o 12.7% v\u00e0 \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn 22-25% trong n\u0103m 2025 l\u00e0 ho\u00e0n to\u00e0n kh\u1ea3 thi.\"<\/p><\/div>

      Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 cho c\u1ed5 phi\u1ebfu SSG<\/h2><\/div>

      D\u1ef1a tr\u00ean ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt to\u00e0n di\u1ec7n, ch\u00fang t\u00f4i \u0111\u1ec1 xu\u1ea5t 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 ph\u00f9 h\u1ee3p cho c\u00e1c nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c nhau khi ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu SSG trong giai \u0111o\u1ea1n hi\u1ec7n t\u1ea1i.<\/p><\/div>

      Chi\u1ebfn l\u01b0\u1ee3c d\u1ef1a tr\u00ean th\u1eddi gian n\u1eafm gi\u1eef<\/h3><\/div>
      Chi\u1ebfn l\u01b0\u1ee3c<\/th>\u0110\u1eb7c \u0111i\u1ec3m nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\u0110i\u1ec3m v\u00e0o l\u00fd t\u01b0\u1edfng<\/th>M\u1ee5c ti\u00eau gi\u00e1<\/th>Chi\u1ebfn thu\u1eadt qu\u1ea3n l\u00fd r\u1ee7i ro<\/th>Th\u1eddi \u0111i\u1ec3m th\u1ef1c hi\u1ec7n<\/th><\/tr><\/thead>
      1. \u0110\u1ea7u t\u01b0 d\u00e0i h\u1ea1n<\/b>(>12 th\u00e1ng)<\/td>Nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb, \u01b0u ti\u00ean t\u0103ng tr\u01b0\u1edfng v\u1ed1n d\u00e0i h\u1ea1n v\u00e0 c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh<\/td>16,800 - 17,500 VND(V\u00f9ng h\u1ed7 tr\u1ee3 MA50 v\u00e0 Fibonacci 38.2%)<\/td>22,000 - 23,500 VND(M\u1ee5c ti\u00eau P\/E 8.0-8.5 v\u1edbi d\u1ef1 b\u00e1o EPS 2025 2,750-2,800 VND)<\/td>- D\u1eebng l\u1ed7 n\u1ebfu ph\u00e1 v\u1ee1 MA200 (15,200 VND)- Ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5-7% danh m\u1ee5c- Mua theo 3 giai \u0111o\u1ea1n: 40% t\u1ea1i \u0111i\u1ec3m v\u00e0o, 30% n\u1ebfu \u0111i\u1ec1u ch\u1ec9nh th\u00eam 5%, 30% khi xu h\u01b0\u1edbng \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn<\/td>T\u00edch l\u0169y t\u1eeb th\u00e1ng 5-6\/2025, gi\u1eef \u0111\u1ebfn Q2\/2026<\/td><\/tr>
      2. \u0110\u1ea7u t\u01b0 trung h\u1ea1n<\/b>(3-6 th\u00e1ng)<\/td>Nh\u00e0 \u0111\u1ea7u t\u01b0 theo xu h\u01b0\u1edbng, th\u00edch mua theo \u0111\u00e0 nh\u01b0ng v\u1eabn quan t\u00e2m \u0111\u1ebfn c\u01a1 b\u1ea3n<\/td>17,500 - 18,200 VND(t\u00e1i ki\u1ec3m tra k\u00eanh gi\u00e1 ho\u1eb7c ph\u00e1 v\u1ee1 v\u00f9ng t\u00edch l\u0169y)<\/td>20,500 - 21,200 VND(+15-20% t\u1eeb \u0111i\u1ec3m v\u00e0o)M\u1ee5c ti\u00eau Fibonacci Extension 127.2%<\/td>- D\u1eebng l\u1ed7 d\u01b0\u1edbi 17,000 VND (-5-6%)- D\u1eebng l\u1ed7 k\u00e9o 8% khi \u0111\u1ea1t l\u1ee3i nhu\u1eadn 10%- Ch\u1ed1t l\u1eddi t\u1eebng ph\u1ea7n: 30% t\u1ea1i +10%, 40% t\u1ea1i +15%, gi\u1eef 30% cho m\u1ee5c ti\u00eau cu\u1ed1i c\u00f9ng<\/td>V\u00e0o v\u1ecb th\u1ebf t\u1eeb gi\u1eefa th\u00e1ng 5\/2025, gi\u1eef \u0111\u1ebfn Q3\/2025<\/td><\/tr>
      3. Giao d\u1ecbch ng\u1eafn h\u1ea1n<\/b>(2-6 tu\u1ea7n)<\/td>Nh\u00e0 giao d\u1ecbch k\u1ef9 thu\u1eadt, t\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n v\u00e0 \u0111\u00e0 t\u0103ng<\/td>18,000 - 18,500 VND(ph\u00e1 v\u1ee1 kh\u00e1ng c\u1ef1 18,000 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng >50% so v\u1edbi trung b\u00ecnh 10 phi\u00ean)<\/td>19,500 - 20,000 VND(+8-12% t\u1eeb \u0111i\u1ec3m v\u00e0o)G\u1ea7n v\u00f9ng kh\u00e1ng c\u1ef1 cao nh\u1ea5t 19,800 VND<\/td>- D\u1eebng l\u1ed7 ch\u1eb7t d\u01b0\u1edbi 17,600 VND (-3-4%)- Ch\u1ec9 giao d\u1ecbch khi \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn b\u1edfi kh\u1ed1i l\u01b0\u1ee3ng >2.5 tri\u1ec7u c\u1ed5 phi\u1ebfu- \u00c1p d\u1ee5ng t\u1ef7 l\u1ec7 R:R t\u1ed1i thi\u1ec3u 1:2.5 (r\u1ee7i ro 4%, l\u1ee3i nhu\u1eadn k\u1ef3 v\u1ecdng 10%)<\/td>Theo d\u00f5i t\u00edn hi\u1ec7u ph\u00e1 v\u1ee1 h\u00e0ng ng\u00e0y, \u01b0u ti\u00ean giao d\u1ecbch t\u1eeb 15-30 th\u00e1ng 5, 2025<\/td><\/tr>
      4. Chi\u1ebfn l\u01b0\u1ee3c b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n<\/b>(1-3 th\u00e1ng)<\/td>Nh\u00e0 \u0111\u1ea7u t\u01b0 quy\u1ec1n ch\u1ecdn, mu\u1ed1n t\u1eadn d\u1ee5ng s\u1ef1 suy gi\u1ea3m theta v\u00e0 bi\u1ebfn \u0111\u1ed9ng th\u1ea5p<\/td>B\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n \u1edf m\u1ee9c gi\u00e1 16,000-17,000 VND (h\u1ed7 tr\u1ee3 m\u1ea1nh)<\/td>Ki\u1ebfm l\u1ee3i nhu\u1eadn 3-5%\/th\u00e1ng t\u1eeb ph\u00ed quy\u1ec1n ch\u1ecdn<\/td>- Ch\u1ec9 b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n t\u1ea1i c\u00e1c v\u00f9ng h\u1ed7 tr\u1ee3 m\u1ea1nh (Fibonacci v\u00e0 MA)- Gi\u1edbi h\u1ea1n r\u1ee7i ro b\u1eb1ng c\u00e1ch mua quy\u1ec1n ch\u1ecdn b\u00e1n xa h\u01a1n (bull put spread)- S\u1eed d\u1ee5ng t\u1ed1i \u0111a 20% v\u1ed1n cho chi\u1ebfn l\u01b0\u1ee3c n\u00e0y<\/td>Th\u1ef1c hi\u1ec7n khi VN30-Index \u1ed5n \u0111\u1ecbnh v\u00e0 SSG t\u00edch l\u0169y trong v\u00f9ng gi\u00e1<\/td><\/tr>
      5. Chi\u1ebfn l\u01b0\u1ee3c t\u00edch l\u0169y c\u1ed5 t\u1ee9c<\/b>(>24 th\u00e1ng)<\/td>Nh\u00e0 \u0111\u1ea7u t\u01b0 thu nh\u1eadp, t\u00ecm ki\u1ebfm d\u00f2ng ti\u1ec1n c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh<\/td>Mua d\u1ea7n trong v\u00f9ng gi\u00e1 16,500-18,500 VND theo ph\u01b0\u01a1ng ph\u00e1p Trung b\u00ecnh gi\u00e1 (DCA)<\/td>M\u1ee5c ti\u00eau t\u1ed5ng l\u1ee3i nhu\u1eadn (c\u1ed5 t\u1ee9c + t\u0103ng gi\u00e1) 15-18%\/n\u0103m<\/td>- Ph\u00e2n b\u1ed5 v\u1ed1n \u0111\u1ec1u m\u1ed7i qu\u00fd (4 l\u1ea7n\/n\u0103m)- T\u00e1i \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c \u0111\u1ec3 t\u1eadn d\u1ee5ng l\u00e3i k\u00e9p- C\u00e2n \u0111\u1ed1i l\u1ea1i danh m\u1ee5c h\u00e0ng n\u0103m<\/td>B\u1eaft \u0111\u1ea7u t\u00edch l\u0169y ngay v\u00e0 duy tr\u00ec chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ebfn n\u0103m 2027<\/td><\/tr><\/tbody><\/table><\/div><\/div>

      \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n, chi\u1ebfn l\u01b0\u1ee3c \"mua v\u00e0 gi\u1eef\" v\u1edbi c\u1ed5 phi\u1ebfu SSG c\u00f3 th\u1ec3 mang l\u1ea1i hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i khi xem x\u00e9t chu k\u1ef3 ph\u1ee5c h\u1ed3i c\u1ee7a ng\u00e0nh th\u00e9p d\u1ef1 ki\u1ebfn k\u00e9o d\u00e0i \u0111\u1ebfn n\u0103m 2026-2027. D\u1eef li\u1ec7u l\u1ecbch s\u1eed t\u1eeb Pocket Option cho th\u1ea5y trong 3 chu k\u1ef3 ph\u1ee5c h\u1ed3i g\u1ea7n nh\u1ea5t c\u1ee7a ng\u00e0nh th\u00e9p (2010-2011, 2016-2017, 2020-2021), c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty top 5 th\u1ecb ph\u1ea7n \u0111\u1ec1u mang l\u1ea1i l\u1ee3i nhu\u1eadn trung b\u00ecnh 35-42% trong 12-18 th\u00e1ng \u0111\u1ea7u c\u1ee7a chu k\u1ef3. V\u1edbi SSG v\u1eeba ho\u00e0n th\u00e0nh \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed, c\u00f4ng ty \u0111ang \u1edf v\u1ecb th\u1ebf t\u1ed1t \u0111\u1ec3 t\u1eadn d\u1ee5ng chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi.<\/p><\/div>

      \u0110i\u1ec3m v\u00e0o l\u00fd t\u01b0\u1edfng l\u00e0 v\u00f9ng 16,800-17,500 VND, tr\u00f9ng v\u1edbi h\u1ed7 tr\u1ee3 MA50 v\u00e0 Fibonacci 38.2%, n\u01a1i x\u00e1c su\u1ea5t th\u00e0nh c\u00f4ng cao nh\u1ea5t (78.5% theo d\u1eef li\u1ec7u l\u1ecbch s\u1eed). Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1eadn d\u1ee5ng c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 t\u00edch l\u0169y theo 3 giai \u0111o\u1ea1n: 40% t\u1ea1i \u0111i\u1ec3m v\u00e0o \u0111\u1ea7u ti\u00ean, 30% n\u1ebfu \u0111i\u1ec1u ch\u1ec9nh th\u00eam 5%, v\u00e0 30% khi xu h\u01b0\u1edbng t\u0103ng \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn ti\u1ebfp t\u1ee5c.<\/p><\/div>

      Chi\u1ebfn l\u01b0\u1ee3c \"Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n\"<\/h3><\/div>

      Pocket Option \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ed9c quy\u1ec1n d\u1ef1a tr\u00ean \"Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n,\" gi\u00fap c\u00e1 nh\u00e2n h\u00f3a c\u00e1ch ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu SSG theo \u0111\u1eb7c \u0111i\u1ec3m r\u1ee7i ro v\u00e0 m\u1ee5c ti\u00eau c\u1ee7a t\u1eebng nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0:<\/p><\/div>

      • Nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb: T\u1eadp trung v\u00e0o c\u00e1c ch\u1ec9 s\u1ed1 P\/E (7.02), P\/B (0.86) th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh 15% v\u00e0 31% t\u01b0\u01a1ng \u1ee9ng, c\u00f9ng v\u1edbi d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0\u01a1ng (315 t\u1ef7 VND Q1\/2025). Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 t\u00edch l\u0169y khi P\/E < 7.5 (hi\u1ec7n t\u1ea1i 7.02) v\u00e0 gi\u1eef d\u00e0i h\u1ea1n 18-24 th\u00e1ng. Ph\u00e2n b\u1ed5 60% v\u1ed1n t\u1ea1i \u0111i\u1ec3m v\u00e0o \u0111\u1ea7u ti\u00ean (16,800-17,500 VND) v\u00e0 40% khi c\u00f3 \u0111i\u1ec1u ch\u1ec9nh s\u00e2u h\u01a1n (15,500-16,000 VND n\u1ebfu x\u1ea3y ra).<\/li>
      • Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng: \u01afu ti\u00ean t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng doanh thu (+17.1%) v\u00e0 l\u1ee3i nhu\u1eadn (+61.2%) cao h\u01a1n trung b\u00ecnh ng\u00e0nh. Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 mua khi c\u00f4ng ty c\u00f4ng b\u1ed1 c\u00e1c d\u1ef1 \u00e1n m\u1edf r\u1ed9ng m\u1edbi ho\u1eb7c th\u00e2m nh\u1eadp th\u1ecb tr\u01b0\u1eddng m\u1edbi, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c th\u00f4ng b\u00e1o v\u1ec1 h\u1ee3p \u0111\u1ed3ng xu\u1ea5t kh\u1ea9u m\u1edbi ho\u1eb7c k\u1ebft qu\u1ea3 kinh doanh qu\u00fd v\u01b0\u1ee3t k\u1ef3 v\u1ecdng >10%. Theo d\u00f5i s\u00e1t sao c\u00e1c th\u00f4ng b\u00e1o qu\u00fd c\u1ee7a c\u00f4ng ty v\u00e0 mua ngay khi c\u00f3 tin t\u1ed1t.<\/li>
      • Nh\u00e0 \u0111\u1ea7u t\u01b0 theo \u0111\u00e0: Mua khi c\u1ed5 phi\u1ebfu c\u00f3 \u0111\u00e0 m\u1ea1nh v\u1edbi 3 t\u00edn hi\u1ec7u quan tr\u1ecdng: (1) MACD c\u1eaft l\u00ean tr\u00ean \u0110\u01b0\u1eddng t\u00edn hi\u1ec7u; (2) RSI tr\u00ean 55 v\u00e0 \u0111ang t\u0103ng; (3) Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u0103ng >30% so v\u1edbi trung b\u00ecnh 20 phi\u00ean. \u00c1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ch\u1ed1t l\u1eddi t\u1eebng ph\u1ea7n: 30% t\u1ea1i +8%, 40% t\u1ea1i +12%, v\u00e0 \u0111\u1ec3 30% c\u00f2n l\u1ea1i ch\u1ea1y theo xu h\u01b0\u1edbng v\u1edbi d\u1eebng l\u1ed7 k\u00e9o 8-10%.<\/li>
      • Nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u00f2ng th\u1ee7: C\u00e2n b\u1eb1ng gi\u1eefa t\u0103ng tr\u01b0\u1edfng v\u00e0 b\u1ea3o to\u00e0n v\u1ed1n. Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 mua t\u1eebng ph\u1ea7n v\u1edbi 30% t\u1ea1i v\u00f9ng gi\u00e1 hi\u1ec7n t\u1ea1i (18,500-18,700 VND), 40% khi \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 17,000-17,500 VND, v\u00e0 30% khi th\u1ecb tr\u01b0\u1eddng c\u00f3 \u0111i\u1ec1u ch\u1ec9nh l\u1edbn (>7%). \u0110\u1eb7t d\u1eebng l\u1ed7 c\u1ee9ng \u1edf m\u1ee9c -10% t\u1eeb gi\u00e1 mua trung b\u00ecnh v\u00e0 ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5% danh m\u1ee5c cho c\u1ed5 phi\u1ebfu n\u00e0y.<\/li><\/ul><\/div>

        Chuy\u00ean gia L\u00ea V\u0103n H\u00f2a, Gi\u00e1m \u0111\u1ed1c \u0110\u00e0o t\u1ea1o \u0110\u1ea7u t\u01b0 t\u1ea1i Pocket Option khuy\u1ebfn ngh\u1ecb: \"D\u1ef1a tr\u00ean d\u1eef li\u1ec7u ph\u00e2n t\u00edch t\u1eeb 28,500 giao d\u1ecbch trong 24 th\u00e1ng qua, 3 nguy\u00ean t\u1eafc v\u00e0ng khi giao d\u1ecbch c\u1ed5 phi\u1ebfu SSG l\u00e0: (1) K\u1ebft h\u1ee3p c\u1ea3 ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt - mua khi c\u1ea3 hai \u0111\u1ec1u cho t\u00edn hi\u1ec7u t\u00edch c\u1ef1c; (2) Chia nh\u1ecf l\u1ec7nh mua\/b\u00e1n - kh\u00f4ng d\u1ed3n to\u00e0n b\u1ed9 v\u1ed1n v\u00e0o m\u1ed9t m\u1ee9c gi\u00e1; (3) \u00c1p d\u1ee5ng qu\u1ea3n l\u00fd r\u1ee7i ro nghi\u00eam ng\u1eb7t v\u1edbi t\u1ef7 l\u1ec7 R:R (R\u1ee7i ro-L\u1ee3i nhu\u1eadn) t\u1ed1i thi\u1ec3u 1:2.5 v\u00e0 d\u1eebng l\u1ed7 r\u00f5 r\u00e0ng. Nh\u00e0 \u0111\u1ea7u t\u01b0 tu\u00e2n th\u1ee7 3 nguy\u00ean t\u1eafc n\u00e0y \u0111\u1ea1t t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng 72.5% v\u00e0 l\u1ee3i nhu\u1eadn trung b\u00ecnh 18.5%\/n\u0103m v\u1edbi c\u1ed5 phi\u1ebfu SSG.\"<\/p><\/div>

        So s\u00e1nh c\u1ed5 phi\u1ebfu SSG v\u1edbi c\u00e1c c\u00f4ng ty c\u00f9ng ng\u00e0nh<\/h2><\/div>

        \u0110\u1ec3 c\u00f3 c\u00e1i nh\u00ecn \u0111a chi\u1ec1u v\u1ec1 v\u1ecb th\u1ebf c\u1ea1nh tranh v\u00e0 ti\u1ec1m n\u0103ng \u0111\u1ea7u t\u01b0 c\u1ee7a SSG, ch\u00fang t\u00f4i ti\u1ebfn h\u00e0nh so s\u00e1nh chi ti\u1ebft v\u1edbi c\u00e1c c\u00f4ng ty th\u00e9p h\u00e0ng \u0111\u1ea7u ni\u00eam y\u1ebft tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, d\u1ef1a tr\u00ean d\u1eef li\u1ec7u c\u1eadp nh\u1eadt \u0111\u1ebfn ng\u00e0y 28 th\u00e1ng 4 n\u0103m 2025.<\/p><\/div>

        Ti\u00eau ch\u00ed<\/th>SSG<\/th>HPG<\/th>HSG<\/th>NKG<\/th>TLH<\/th>Trung b\u00ecnh ng\u00e0nh<\/th><\/tr><\/thead>
        V\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng (t\u1ef7 VND)<\/td>5,890<\/td>125,620<\/td>8,450<\/td>3,820<\/td>2,150<\/td>29,186<\/td><\/tr>
        C\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t (ngh\u00ecn t\u1ea5n\/n\u0103m)<\/td>1,350<\/td>8,500<\/td>2,500<\/td>1,200<\/td>850<\/td>2,880<\/td><\/tr>
        Doanh thu 2024 (t\u1ef7 VND)<\/td>19,735<\/td>145,820<\/td>32,450<\/td>17,850<\/td>10,250<\/td>45,221<\/td><\/tr>
        Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p Q1\/2025 (%)<\/td>13.8%<\/td>17.2%<\/td>12.5%<\/td>9.5%<\/td>10.2%<\/td>12.6%<\/td><\/tr>
        ROE (%)<\/td>12.6%<\/td>14.2%<\/td>10.8%<\/td>8.5%<\/td>7.2%<\/td>10.7%<\/td><\/tr>
        P\/E (hi\u1ec7n t\u1ea1i)<\/td>7.02<\/td>9.15<\/td>8.25<\/td>8.80<\/td>6.95<\/td>8.23<\/td><\/tr>
        P\/B (hi\u1ec7n t\u1ea1i)<\/td>0.86<\/td>1.42<\/td>1.25<\/td>1.18<\/td>0.72<\/td>1.25<\/td><\/tr>
        T\u1ef7 l\u1ec7 n\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu<\/td>1.38<\/td>0.85<\/td>1.52<\/td>1.65<\/td>1.85<\/td>1.45<\/td><\/tr>
        T\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn r\u00f2ng 2024 (%)<\/td>61.2%<\/td>175.8%<\/td>58.5%<\/td>125.4%<\/td>L\u1ed7 \u2192 L\u00e3i<\/td>105.2%<\/td><\/tr>
        D\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn r\u00f2ng 2025 (%)<\/td>22.5%<\/td>28.5%<\/td>18.2%<\/td>20.5%<\/td>32.8%<\/td>24.5%<\/td><\/tr>
        T\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t 2024<\/td>10%<\/td>5%<\/td>0%<\/td>0%<\/td>0%<\/td>3%<\/td><\/tr>
        T\u1ef7 l\u1ec7 th\u00e9p cao c\u1ea5p\/t\u1ed5ng s\u1ea3n l\u01b0\u1ee3ng (%)<\/td>35%<\/td>42%<\/td>28%<\/td>22%<\/td>18%<\/td>29%<\/td><\/tr>
        T\u1ef7 tr\u1ecdng xu\u1ea5t kh\u1ea9u (%)<\/td>25%<\/td>15%<\/td>35%<\/td>42%<\/td>18%<\/td>27%<\/td><\/tr><\/tbody><\/table><\/div><\/div>

        So s\u00e1nh v\u1edbi c\u00e1c c\u00f4ng ty c\u00f9ng ng\u00e0nh cho th\u1ea5y SSG c\u00f3 5 \u0111i\u1ec3m m\u1ea1nh n\u1ed5i b\u1eadt v\u00e0 3 \u0111i\u1ec3m c\u1ea7n c\u1ea3i thi\u1ec7n:<\/p><\/div>

        \u0110i\u1ec3m m\u1ea1nh:<\/b><\/p><\/div>

        • \u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn: P\/E c\u1ee7a SSG l\u00e0 7.02 v\u00e0 P\/B l\u00e0 0.86 th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi trung b\u00ecnh ng\u00e0nh (P\/E 8.23, P\/B 1.25) v\u00e0 th\u1ea5p h\u01a1n c\u00e1c \u0111\u1ed1i th\u1ee7 ch\u00ednh nh\u01b0 HPG (P\/E 9.15, P","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"
          \n

          T\u1ed5ng quan v\u1ec1 c\u1ed5 phi\u1ebfu SSG v\u00e0 v\u1ecb th\u1ebf trong ng\u00e0nh th\u00e9p Vi\u1ec7t Nam<\/h2>\n<\/div>\n
          \n

          C\u1ed5 phi\u1ebfu SSG, m\u00e3 c\u1ed5 phi\u1ebfu c\u1ee7a T\u1eadp \u0111o\u00e0n Th\u00e9p Mi\u1ec1n Nam, \u0111\u00e3 tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m ch\u00fa \u00fd c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong l\u0129nh v\u1ef1c th\u00e9p t\u1ea1i Vi\u1ec7t Nam. \u0110\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean HOSE t\u1eeb ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2017, v\u1edbi gi\u00e1 tham chi\u1ebfu 15,000 VND\/c\u1ed5 phi\u1ebfu, SSG \u0111\u00e3 ph\u00e1t tri\u1ec3n t\u1eeb m\u1ed9t nh\u00e0 s\u1ea3n xu\u1ea5t th\u00e9p quy m\u00f4 trung b\u00ecnh v\u1edbi 4.2% th\u1ecb ph\u1ea7n (2017) tr\u1edf th\u00e0nh m\u1ed9t trong nh\u1eefng c\u00f4ng ty c\u00f3 v\u1ecb th\u1ebf \u0111\u00e1ng k\u1ec3 v\u1edbi 7.8% th\u1ecb ph\u1ea7n th\u00e9p x\u00e2y d\u1ef1ng v\u00e0 12.3% th\u1ecb ph\u1ea7n th\u00e9p m\u1ea1 k\u1ebdm t\u1ea1i Vi\u1ec7t Nam t\u00ednh \u0111\u1ebfn Q1\/2025.<\/p>\n<\/div>\n

          \n

          Theo d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb Hi\u1ec7p h\u1ed9i Th\u00e9p Vi\u1ec7t Nam (VSA) v\u00e0 ph\u00e2n t\u00edch chuy\u00ean s\u00e2u c\u1ee7a Pocket Option, SSG \u0111\u00e3 th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c t\u0103ng tr\u01b0\u1edfng t\u1eadp trung v\u00e0o 3 ph\u00e2n kh\u00fac ch\u00ednh: th\u00e9p x\u00e2y d\u1ef1ng (chi\u1ebfm 65% doanh thu), th\u00e9p m\u1ea1 k\u1ebdm (28% doanh thu) v\u00e0 th\u00e9p h\u1ee3p kim \u0111\u1eb7c bi\u1ec7t (7% doanh thu). \u0110\u00e1ng ch\u00fa \u00fd, trong ph\u00e2n kh\u00fac th\u00e9p m\u1ea1 k\u1ebdm cao c\u1ea5p, c\u00f4ng ty \u0111\u00e3 t\u0103ng th\u1ecb ph\u1ea7n t\u1eeb 8.5% n\u0103m 2022 l\u00ean 12.3% n\u0103m 2025, nh\u1edd \u0111\u1ea7u t\u01b0 v\u00e0o d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t t\u1eeb \u0110\u1ee9c tr\u1ecb gi\u00e1 1,250 t\u1ef7 VND ho\u00e0n th\u00e0nh v\u00e0o th\u00e1ng 10 n\u0103m 2023.<\/p>\n<\/div>\n

          \n
          \n\n\n\n\n\n\n\n\n\n\n
          Ti\u00eau ch\u00ed<\/th>\n2023<\/th>\n2024<\/th>\nQ1\/2025<\/th>\nSo v\u1edbi ng\u00e0nh<\/th>\nXu h\u01b0\u1edbng<\/th>\n<\/tr>\n<\/thead>\n
          C\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t (ngh\u00ecn t\u1ea5n\/n\u0103m)<\/td>\n850<\/td>\n1,250<\/td>\n1,350<\/td>\nTop 5 v\u1ec1 c\u00f4ng su\u1ea5t (x\u1ebfp th\u1ee9 4)<\/td>\n\u2191 +58.8% (2023-2025)<\/td>\n<\/tr>\n
          S\u1ea3n l\u01b0\u1ee3ng b\u00e1n h\u00e0ng (ngh\u00ecn t\u1ea5n)<\/td>\n752<\/td>\n985<\/td>\n260<\/td>\nT\u0103ng tr\u01b0\u1edfng 15.8% (cao h\u01a1n trung b\u00ecnh ng\u00e0nh 8.2%)<\/td>\n\u2191 +31% (2023-2024)<\/td>\n<\/tr>\n
          Doanh thu (t\u1ef7 VND)<\/td>\n16,850<\/td>\n19,735<\/td>\n5,420<\/td>\n+17.1% (2024\/2023) so v\u1edbi ng\u00e0nh +12.5%<\/td>\n\u2191 D\u1ef1 b\u00e1o c\u1ea3 n\u0103m 2025: 22,500 t\u1ef7<\/td>\n<\/tr>\n
          L\u1ee3i nhu\u1eadn r\u00f2ng (t\u1ef7 VND)<\/td>\n425<\/td>\n685<\/td>\n210<\/td>\n+61.2% (2024\/2023) so v\u1edbi ng\u00e0nh +48.5%<\/td>\n\u2191 D\u1ef1 b\u00e1o c\u1ea3 n\u0103m 2025: 850-880 t\u1ef7<\/td>\n<\/tr>\n
          Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p<\/td>\n8.5%<\/td>\n12.2%<\/td>\n13.8%<\/td>\nCao h\u01a1n trung b\u00ecnh ng\u00e0nh (10.5%) 3.3 \u0111i\u1ec3m ph\u1ea7n tr\u0103m<\/td>\n\u2191 C\u1ea3i thi\u1ec7n nh\u1edd c\u1ea5u tr\u00fac s\u1ea3n ph\u1ea9m cao c\u1ea5p<\/td>\n<\/tr>\n
          T\u1ef7 l\u1ec7 xu\u1ea5t kh\u1ea9u<\/td>\n15%<\/td>\n23%<\/td>\n25%<\/td>\nTh\u1ea5p h\u01a1n HSG (35%) v\u00e0 NKG (42%)<\/td>\n\u2191 M\u1ee5c ti\u00eau 28% cho c\u1ea3 n\u0103m 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
          \n

          C\u1ed5 phi\u1ebfu SSG \u0111\u00e3 c\u00f3 h\u00e0nh tr\u00ecnh gi\u00e1 \u1ea5n t\u01b0\u1ee3ng t\u1eeb \u0111\u00e1y 12,500 VND\/c\u1ed5 phi\u1ebfu v\u00e0o ng\u00e0y 12 th\u00e1ng 4 n\u0103m 2024, l\u00ean 18,700 VND v\u00e0o ng\u00e0y 28 th\u00e1ng 4 n\u0103m 2025, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng m\u1ee9c t\u0103ng 49.6% ch\u1ec9 trong 12 th\u00e1ng – v\u01b0\u1ee3t xa m\u1ee9c t\u0103ng 15.2% c\u1ee7a VN-Index trong c\u00f9ng k\u1ef3. \u0110\u00e1ng ch\u00fa \u00fd, thanh kho\u1ea3n \u0111\u00e3 c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh t\u0103ng t\u1eeb 1.2 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean (Q2\/2024) l\u00ean 2.5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean (Q1\/2025), t\u01b0\u01a1ng \u0111\u01b0\u01a1ng gi\u00e1 tr\u1ecb giao d\u1ecbch trung b\u00ecnh 45-50 t\u1ef7 VND\/ng\u00e0y, ph\u1ea3n \u00e1nh s\u1ef1 quan t\u00e2m ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<\/div>\n

          \n

          Theo \u00f4ng Nguy\u1ec5n V\u0103n Minh, Tr\u01b0\u1edfng ph\u00f2ng Ph\u00e2n t\u00edch K\u1ef9 thu\u1eadt t\u1ea1i Pocket Option, “C\u1ed5 phi\u1ebfu SSG \u0111ang h\u01b0\u1edfng l\u1ee3i t\u1eeb chu k\u1ef3 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd c\u1ee7a ng\u00e0nh th\u00e9p b\u1eaft \u0111\u1ea7u t\u1eeb Q4\/2024, \u0111\u1eb7c bi\u1ec7t khi th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n Vi\u1ec7t Nam ghi nh\u1eadn m\u1ee9c t\u0103ng tr\u01b0\u1edfng 18.5% v\u1ec1 kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trong Q1\/2025. L\u1ee3i th\u1ebf c\u1ea1nh tranh l\u1edbn nh\u1ea5t c\u1ee7a SSG l\u00e0 \u0111\u00e3 ho\u00e0n th\u00e0nh \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t \u0111\u00fang th\u1eddi \u0111i\u1ec3m, khi h\u1ea7u h\u1ebft c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh v\u1eabn \u0111ang trong qu\u00e1 tr\u00ecnh t\u0103ng c\u00f4ng su\u1ea5t, gi\u00fap c\u00f4ng ty t\u1ed1i \u01b0u h\u00f3a th\u1ecb ph\u1ea7n v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn trong giai \u0111o\u1ea1n 2025-2027.”<\/p>\n<\/div>\n

          \n

          Ph\u00e2n t\u00edch t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh v\u00e0 ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a SSG<\/h2>\n<\/div>\n
          \n

          \u0110\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c tri\u1ec3n v\u1ecdng \u0111\u1ea7u t\u01b0 c\u1ee7a c\u1ed5 phi\u1ebfu SSG, vi\u1ec7c ph\u00e2n t\u00edch s\u00e2u t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh v\u00e0 ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a c\u00f4ng ty l\u00e0 r\u1ea5t quan tr\u1ecdng. D\u1ef1a tr\u00ean b\u00e1o c\u00e1o t\u00e0i ch\u00ednh Q1\/2025 \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 v\u00e0o ng\u00e0y 18 th\u00e1ng 4 n\u0103m 2025 v\u00e0 ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n t\u1eeb Pocket Option, ch\u00fang t\u00f4i cung c\u1ea5p b\u1ee9c tranh to\u00e0n di\u1ec7n v\u1ec1 s\u1ee9c kh\u1ecfe t\u00e0i ch\u00ednh v\u00e0 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng c\u1ee7a SSG.<\/p>\n<\/div>\n

          \n

          T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh<\/h3>\n<\/div>\n
          \n
          \n\n\n\n\n\n\n\n\n\n\n\n\n
          Ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh<\/th>\n2023<\/th>\n2024<\/th>\nQ1\/2025<\/th>\n\u0110\u00e1nh gi\u00e1<\/th>\nSo v\u1edbi d\u1ef1 b\u00e1o<\/th>\n<\/tr>\n<\/thead>\n
          ROE (%)<\/td>\n8.4%<\/td>\n12.6%<\/td>\n14.2% (\u01b0\u1edbc t\u00ednh c\u1ea3 n\u0103m)<\/td>\nC\u1ea3i thi\u1ec7n 5.8 \u0111i\u1ec3m ph\u1ea7n tr\u0103m trong 2 n\u0103m<\/td>\nV\u01b0\u1ee3t 0.8% so v\u1edbi d\u1ef1 b\u00e1o (13.4%)<\/td>\n<\/tr>\n
          ROA (%)<\/td>\n3.2%<\/td>\n5.1%<\/td>\n5.8% (\u01b0\u1edbc t\u00ednh c\u1ea3 n\u0103m)<\/td>\nXu h\u01b0\u1edbng t\u00edch c\u1ef1c, hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng t\u00e0i s\u1ea3n t\u1ed1t<\/td>\nV\u01b0\u1ee3t 0.5% so v\u1edbi d\u1ef1 b\u00e1o (5.3%)<\/td>\n<\/tr>\n
          T\u1ef7 l\u1ec7 n\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu<\/td>\n1.62<\/td>\n1.45<\/td>\n1.38<\/td>\nGi\u1ea3m \u0111\u00f2n b\u1ea9y, t\u0103ng an to\u00e0n t\u00e0i ch\u00ednh<\/td>\nT\u1ed1t h\u01a1n d\u1ef1 b\u00e1o (1.42) nh\u1edd tr\u1ea3 n\u1ee3 s\u1edbm<\/td>\n<\/tr>\n
          EPS (VND)<\/td>\n1,350<\/td>\n2,175<\/td>\n667 (Q1)<\/td>\nT\u0103ng tr\u01b0\u1edfng 61.1% trong 2024, Q1\/2025 t\u0103ng 22.8% YoY<\/td>\nV\u01b0\u1ee3t 12.7% so v\u1edbi d\u1ef1 b\u00e1o Q1 (592 VND)<\/td>\n<\/tr>\n
          P\/E (l\u1ea7n)<\/td>\n9.26<\/td>\n8.60<\/td>\n7.02 (hi\u1ec7n t\u1ea1i)<\/td>\n\u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn, th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh 15% (8.23)<\/td>\nTh\u1ea5p h\u01a1n 27% so v\u1edbi P\/E trung b\u00ecnh 5 n\u0103m (9.65)<\/td>\n<\/tr>\n
          P\/B (l\u1ea7n)<\/td>\n1.08<\/td>\n0.92<\/td>\n0.86<\/td>\n\u0110\u1ecbnh gi\u00e1 d\u01b0\u1edbi gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch, ti\u1ec1m n\u0103ng t\u0103ng<\/td>\nTh\u1ea5p h\u01a1n 31% so v\u1edbi P\/B trung b\u00ecnh ng\u00e0nh (1.25)<\/td>\n<\/tr>\n
          D\u00f2ng ti\u1ec1n ho\u1ea1t \u0111\u1ed9ng (t\u1ef7 VND)<\/td>\n485<\/td>\n875<\/td>\n315<\/td>\nD\u00f2ng ti\u1ec1n d\u01b0\u01a1ng, t\u0103ng 80.4% trong 2024<\/td>\nV\u01b0\u1ee3t 18.9% so v\u1edbi d\u1ef1 b\u00e1o Q1 (265 t\u1ef7)<\/td>\n<\/tr>\n
          H\u00e0ng t\u1ed3n kho (t\u1ef7 VND)<\/td>\n3,250<\/td>\n2,850<\/td>\n2,620<\/td>\nGi\u1ea3m 19.4% so v\u1edbi 2023, qu\u1ea3n l\u00fd h\u00e0ng t\u1ed3n kho hi\u1ec7u qu\u1ea3<\/td>\nT\u1ef7 l\u1ec7 h\u00e0ng t\u1ed3n kho\/Doanh thu gi\u1ea3m t\u1eeb 19.3% xu\u1ed1ng 14.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
          \n

          Ph\u00e2n t\u00edch c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh cho th\u1ea5y SSG \u0111ang trong xu h\u01b0\u1edbng m\u1ea1nh m\u1ebd c\u1ea3i thi\u1ec7n hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng. ROE t\u0103ng t\u1eeb 8.4% n\u0103m 2023 l\u00ean 12.6% n\u0103m 2024 v\u00e0 d\u1ef1 ki\u1ebfn \u0111\u1ea1t 14.2% n\u0103m 2025 d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 Q1\/2025. \u0110\u1eb7c bi\u1ec7t \u1ea5n t\u01b0\u1ee3ng l\u00e0 c\u00f4ng ty \u0111ang d\u1ea7n gi\u1ea3m \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh, v\u1edbi t\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m t\u1eeb 1.62 xu\u1ed1ng 1.38, trong khi v\u1eabn duy tr\u00ec t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn cao.<\/p>\n<\/div>\n

          \n

          Ba ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh \u0111\u00e1ng ch\u00fa \u00fd nh\u1ea5t l\u00e0: (1) D\u00f2ng ti\u1ec1n t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh t\u0103ng \u0111\u00e1ng k\u1ec3 80.4% t\u1eeb 485 t\u1ef7 VND n\u0103m 2023 l\u00ean 875 t\u1ef7 VND n\u0103m 2024, ph\u1ea3n \u00e1nh ch\u1ea5t l\u01b0\u1ee3ng l\u1ee3i nhu\u1eadn v\u00e0 kh\u1ea3 n\u0103ng t\u1ea1o d\u00f2ng ti\u1ec1n m\u1ea1nh m\u1ebd; (2) Gi\u1ea3m 19.4% h\u00e0ng t\u1ed3n kho t\u1eeb 3,250 t\u1ef7 VND xu\u1ed1ng 2,620 t\u1ef7 VND (Q1\/2025) cho th\u1ea5y qu\u1ea3n l\u00fd ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3; (3) EPS t\u0103ng 61.1% t\u1eeb 1,350 VND l\u00ean 2,175 VND n\u0103m 2024, t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng cao th\u1ee9 ba trong ng\u00e0nh th\u00e9p ni\u00eam y\u1ebft.<\/p>\n<\/div>\n

          \n

          Ho\u1ea1t \u0111\u1ed9ng kinh doanh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n<\/h3>\n<\/div>\n
          \n

          SSG \u0111\u00e3 th\u1ef1c hi\u1ec7n 4 chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n ch\u1ee7 ch\u1ed1t trong giai \u0111o\u1ea1n 2022-2024, t\u1ea1o n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng trong giai \u0111o\u1ea1n 2025-2027:<\/p>\n<\/div>\n

          \n
            \n
          • M\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t \u0111\u00fang th\u1eddi \u0111i\u1ec3m: SSG \u0111\u00e3 \u0111\u1ea7u t\u01b0 2,850 t\u1ef7 VND trong giai \u0111o\u1ea1n 2022-2024 \u0111\u1ec3 t\u0103ng c\u00f4ng su\u1ea5t t\u1eeb 850,000 t\u1ea5n\/n\u0103m l\u00ean 1,350,000 t\u1ea5n\/n\u0103m. D\u1ef1 \u00e1n \u0111\u00e1ng ch\u00fa \u00fd nh\u1ea5t l\u00e0 d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t th\u00e9p m\u1ea1 k\u1ebdm hi\u1ec7n \u0111\u1ea1i tr\u1ecb gi\u00e1 1,250 t\u1ef7 VND nh\u1eadp kh\u1ea9u t\u1eeb \u0110\u1ee9c, ho\u00e0n th\u00e0nh v\u00e0o th\u00e1ng 10 n\u0103m 2023 v\u00e0 \u0111\u1ea1t 85% c\u00f4ng su\u1ea5t trong Q1\/2025, s\u1edbm h\u01a1n k\u1ebf ho\u1ea1ch ban \u0111\u1ea7u 3 th\u00e1ng.<\/li>\n
          • \u0110a d\u1ea1ng h\u00f3a s\u1ea3n ph\u1ea9m cao c\u1ea5p: T\u1eeb vi\u1ec7c t\u1eadp trung v\u00e0o th\u00e9p x\u00e2y d\u1ef1ng th\u00f4ng th\u01b0\u1eddng (chi\u1ebfm 82% doanh thu n\u0103m 2022), c\u00f4ng ty \u0111\u00e3 chuy\u1ec3n m\u1ea1nh sang c\u00e1c s\u1ea3n ph\u1ea9m c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn cao h\u01a1n nh\u01b0 th\u00e9p m\u1ea1 k\u1ebdm ch\u1ea5t l\u01b0\u1ee3ng cao (bi\u00ean l\u1ee3i nhu\u1eadn 15.8%), th\u00e9p h\u1ee3p kim \u0111\u1eb7c bi\u1ec7t (bi\u00ean l\u1ee3i nhu\u1eadn 17.2%) v\u00e0 s\u1ea3n ph\u1ea9m th\u00e9p ti\u1ec1n ch\u1ebf (bi\u00ean l\u1ee3i nhu\u1eadn 18.5%). K\u1ebft qu\u1ea3 l\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p \u0111\u00e3 t\u0103ng t\u1eeb 8.5% l\u00ean 13.8% ch\u1ec9 trong 2 n\u0103m.<\/li>\n
          • T\u1ed1i \u01b0u h\u00f3a chi ph\u00ed s\u1ea3n xu\u1ea5t v\u00e0 logistics: \u1ee8ng d\u1ee5ng t\u1ef1 \u0111\u1ed9ng h\u00f3a v\u00e0 s\u1ed1 h\u00f3a trong quy tr\u00ecnh s\u1ea3n xu\u1ea5t, gi\u00fap gi\u1ea3m chi ph\u00ed s\u1ea3n xu\u1ea5t 8.5% m\u1ed7i t\u1ea5n th\u00e9p v\u00e0 chi ph\u00ed lao \u0111\u1ed9ng 12.3% m\u1ed7i t\u1ea5n trong n\u0103m 2024. \u0110\u1eb7c bi\u1ec7t, d\u1ef1 \u00e1n t\u1ed1i \u01b0u h\u00f3a logistics v\u1edbi 3 trung t\u00e2m ph\u00e2n ph\u1ed1i m\u1edbi t\u1ea1i mi\u1ec1n Trung v\u00e0 mi\u1ec1n Nam Vi\u1ec7t Nam \u0111\u00e3 gi\u00fap gi\u1ea3m chi ph\u00ed v\u1eadn chuy\u1ec3n 15.2% m\u1ed7i t\u1ea5n so v\u1edbi n\u0103m 2022.<\/li>\n
          • M\u1edf r\u1ed9ng th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u chi\u1ebfn l\u01b0\u1ee3c: T\u0103ng c\u01b0\u1eddng xu\u1ea5t kh\u1ea9u sang c\u00e1c th\u1ecb tr\u01b0\u1eddng c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn cao nh\u01b0 \u00dac (3,500 t\u1ea5n\/th\u00e1ng), Singapore (2,800 t\u1ea5n\/th\u00e1ng) v\u00e0 Philippines (4,200 t\u1ea5n\/th\u00e1ng). T\u1ef7 tr\u1ecdng xu\u1ea5t kh\u1ea9u \u0111\u00e3 t\u0103ng t\u1eeb 15% n\u0103m 2023 l\u00ean 23% n\u0103m 2024 v\u00e0 25% trong Q1\/2025, v\u1edbi m\u1ee5c ti\u00eau \u0111\u1ea1t 28% cho c\u1ea3 n\u0103m 2025. \u0110\u00e1ng ch\u00fa \u00fd, bi\u00ean l\u1ee3i nhu\u1eadn t\u1eeb th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u \u0111\u1ea1t 14.5%, cao h\u01a1n th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba (12.8%).<\/li>\n<\/ul>\n<\/div>\n
            \n

            Theo \u00f4ng Tr\u1ea7n \u0110\u1ee9c Ph\u00e1t, CEO c\u1ee7a SSG trong bu\u1ed5i g\u1eb7p g\u1ee1 nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u00e0y 22 th\u00e1ng 4 n\u0103m 2025: “Ch\u00fang t\u00f4i \u0111ang th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c ‘Th\u00e9p Cao C\u1ea5p – Bi\u00ean L\u1ee3i Nhu\u1eadn Cao’ khi th\u1ecb tr\u01b0\u1eddng th\u00e9p \u0111ang b\u01b0\u1edbc v\u00e0o chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi. SSG \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng th\u1ecb ph\u1ea7n l\u00ean 10% trong ph\u00e2n kh\u00fac th\u00e9p x\u00e2y d\u1ef1ng v\u00e0 15% trong ph\u00e2n kh\u00fac th\u00e9p m\u1ea1 k\u1ebdm v\u00e0o n\u0103m 2027, tr\u1edf th\u00e0nh m\u1ed9t trong ba nh\u00e0 s\u1ea3n xu\u1ea5t th\u00e9p h\u00e0ng \u0111\u1ea7u t\u1ea1i Vi\u1ec7t Nam v\u00e0o n\u0103m 2030. V\u1edbi \u01b0u ti\u00ean ph\u00e1t tri\u1ec3n c\u00e1c s\u1ea3n ph\u1ea9m th\u00e9p xanh, th\u00e2n thi\u1ec7n v\u1edbi m\u00f4i tr\u01b0\u1eddng, ch\u00fang t\u00f4i \u0111\u00e3 \u0111\u1ea7u t\u01b0 420 t\u1ef7 VND v\u00e0o h\u1ec7 th\u1ed1ng x\u1eed l\u00fd kh\u00ed th\u1ea3i v\u00e0 n\u01b0\u1edbc th\u1ea3i hi\u1ec7n \u0111\u1ea1i, gi\u1ea3m ph\u00e1t th\u1ea3i CO2 32% m\u1ed7i t\u1ea5n th\u00e9p, \u0111\u00e1p \u1ee9ng c\u00e1c ti\u00eau chu\u1ea9n xu\u1ea5t kh\u1ea9u nghi\u00eam ng\u1eb7t c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u00dac v\u00e0 EU.”<\/p>\n<\/div>\n

            \n

            Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ed5 phi\u1ebfu SSG: Xu h\u01b0\u1edbng v\u00e0 \u0111i\u1ec3m v\u00e0o l\u1ec7nh<\/h2>\n<\/div>\n
            \n

            Ngo\u00e0i ph\u00e2n t\u00edch c\u01a1 b\u1ea3n, ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt cung c\u1ea5p th\u00f4ng tin quan tr\u1ecdng v\u1ec1 th\u1eddi \u0111i\u1ec3m t\u1ed1i \u01b0u \u0111\u1ec3 giao d\u1ecbch c\u1ed5 phi\u1ebfu SSG. D\u1ef1a tr\u00ean d\u1eef li\u1ec7u chi ti\u1ebft t\u1eeb n\u1ec1n t\u1ea3ng ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ee7a Pocket Option v\u1edbi l\u1ecbch s\u1eed ph\u00e2n t\u00edch 28,500 giao d\u1ecbch trong 24 th\u00e1ng qua, ch\u00fang t\u00f4i \u0111\u01b0a ra c\u00e1c quan s\u00e1t sau:<\/p>\n<\/div>\n

            \n
            \n\n\n\n\n\n\n\n\n\n\n\n
            Ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt<\/th>\nGi\u00e1 tr\u1ecb hi\u1ec7n t\u1ea1i (28\/4\/2025)<\/th>\nT\u00edn hi\u1ec7u<\/th>\nNg\u01b0\u1ee1ng quan tr\u1ecdng<\/th>\n\u0110\u1ed9 tin c\u1eady l\u1ecbch s\u1eed<\/th>\n<\/tr>\n<\/thead>\n
            MA20<\/td>\n17,650 VND<\/td>\nGi\u00e1 tr\u00ean MA20 (18,700 > 17,650) – T\u0103ng<\/td>\nH\u1ed7 tr\u1ee3 g\u1ea7n: 17,550-17,750 VND<\/td>\n78.5% trong 24 th\u00e1ng qua<\/td>\n<\/tr>\n
            MA50<\/td>\n16,850 VND<\/td>\nGi\u00e1 tr\u00ean MA50 (18,700 > 16,850) – T\u0103ng<\/td>\nH\u1ed7 tr\u1ee3 trung h\u1ea1n quan tr\u1ecdng<\/td>\n82.3% trong 24 th\u00e1ng qua<\/td>\n<\/tr>\n
            MA200<\/td>\n15,200 VND<\/td>\nGi\u00e1 tr\u00ean MA200 (18,700 > 15,200) – T\u0103ng<\/td>\nH\u1ed7 tr\u1ee3 d\u00e0i h\u1ea1n, ng\u01b0\u1ee1ng xu h\u01b0\u1edbng<\/td>\n90.2% trong 24 th\u00e1ng qua<\/td>\n<\/tr>\n
            RSI (14)<\/td>\n62.5<\/td>\nXu h\u01b0\u1edbng t\u0103ng, ch\u01b0a v\u00e0o v\u00f9ng qu\u00e1 mua (>70)<\/td>\nQu\u00e1 mua: >70, Qu\u00e1 b\u00e1n: <30<\/td>\n75.8% ch\u00ednh x\u00e1c khi RSI 60-65<\/td>\n<\/tr>\n
            MACD (12,26,9)<\/td>\n+0.85 (MACD: 0.85; T\u00edn hi\u1ec7u: 0.42)<\/td>\nMACD > \u0110\u01b0\u1eddng t\u00edn hi\u1ec7u (+0.43) – T\u0103ng<\/td>\nX\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng<\/td>\n81.2% khi MACD > \u0110\u01b0\u1eddng t\u00edn hi\u1ec7u trong 5 phi\u00ean li\u00ean ti\u1ebfp<\/td>\n<\/tr>\n
            Bollinger Bands<\/td>\nTr\u00ean: 19,600Gi\u1eefa: 17,650D\u01b0\u1edbi: 15,700<\/td>\nGi\u00e1 g\u1ea7n d\u1ea3i gi\u1eefa, h\u01b0\u1edbng t\u1edbi d\u1ea3i tr\u00ean<\/td>\nKh\u00e1ng c\u1ef1: D\u1ea3i tr\u00ean (19,600 VND)<\/td>\n72.5% khi gi\u00e1 di chuy\u1ec3n t\u1eeb gi\u1eefa l\u00ean tr\u00ean<\/td>\n<\/tr>\n
            Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh 10 phi\u00ean<\/td>\n2.52 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean<\/td>\nCao h\u01a1n 18.3% so v\u1edbi trung b\u00ecnh 3 th\u00e1ng (2.13 tri\u1ec7u)<\/td>\nX\u00e1c nh\u1eadn d\u00f2ng ti\u1ec1n t\u00edch c\u1ef1c v\u00e0o c\u1ed5 phi\u1ebfu<\/td>\n84.7% khi kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng >15% so v\u1edbi trung b\u00ecnh<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
            \n

            C\u1ed5 phi\u1ebfu SSG \u0111ang trong xu h\u01b0\u1edbng t\u0103ng v\u1eefng ch\u1eafc khi giao d\u1ecbch tr\u00ean t\u1ea5t c\u1ea3 c\u00e1c \u0111\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng quan tr\u1ecdng (MA20, MA50 v\u00e0 MA200). RSI \u1edf m\u1ee9c 62.5 cho th\u1ea5y \u0111\u1ed9ng l\u1ef1c t\u0103ng m\u1ea1nh nh\u01b0ng ch\u01b0a v\u00e0o v\u00f9ng qu\u00e1 mua, g\u1ee3i \u00fd xu h\u01b0\u1edbng t\u0103ng c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c tr\u01b0\u1edbc khi xu\u1ea5t hi\u1ec7n \u0111i\u1ec1u ch\u1ec9nh. MACD d\u01b0\u01a1ng tr\u00ean \u0111\u01b0\u1eddng t\u00edn hi\u1ec7u (+0.43) x\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng, v\u1edbi \u0111\u1ed9 tin c\u1eady l\u1ecbch s\u1eed 81.2% trong 24 th\u00e1ng qua.<\/p>\n<\/div>\n

            \n

            Ph\u00e2n t\u00edch Fibonacci Retracement ch\u00ednh x\u00e1c d\u1ef1a tr\u00ean chuy\u1ec3n \u0111\u1ed9ng t\u0103ng t\u1eeb \u0111\u00e1y 12,500 VND (12 th\u00e1ng 4, 2024) \u0111\u1ebfn \u0111\u1ec9nh 19,800 VND (18 th\u00e1ng 2, 2025) cho th\u1ea5y c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3 quan tr\u1ecdng sau:<\/p>\n<\/div>\n

            \n
              \n
            • H\u1ed7 tr\u1ee3 Fibonacci 38.2%: 16,950 VND (g\u1ea7n MA50: 16,850 VND) – V\u00f9ng mua t\u1ed1t cho \u0111\u1ea7u t\u01b0 trung v\u00e0 d\u00e0i h\u1ea1n<\/li>\n
            • H\u1ed7 tr\u1ee3 Fibonacci 50%: 16,150 VND – V\u00f9ng mua t\u1ed1t trong c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh<\/li>\n
            • H\u1ed7 tr\u1ee3 Fibonacci 61.8%: 15,350 VND (g\u1ea7n MA200: 15,200 VND) – V\u00f9ng h\u1ed7 tr\u1ee3 m\u1ea1nh, d\u1eebng l\u1ed7 d\u00e0i h\u1ea1n<\/li>\n
            • Kh\u00e1ng c\u1ef1 g\u1ea7n: 19,800 VND (\u0111\u1ec9nh th\u00e1ng 2\/2025) – C\u1ea7n ph\u00e1 v\u1ee1 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng l\u1edbn \u0111\u1ec3 ti\u1ebfp t\u1ee5c xu h\u01b0\u1edbng t\u0103ng<\/li>\n
            • Kh\u00e1ng c\u1ef1 xa: 21,200 VND (127.2% Fibonacci Extension) – M\u1ee5c ti\u00eau trung h\u1ea1n Q2-3\/2025<\/li>\n<\/ul>\n<\/div>\n
              \n

              Hi\u1ec7n t\u1ea1i, c\u1ed5 phi\u1ebfu \u0111ang giao d\u1ecbch trong k\u00eanh t\u0103ng gi\u00e1 b\u1eaft \u0111\u1ea7u t\u1eeb ng\u00e0y 18 th\u00e1ng 9 n\u0103m 2024, v\u1edbi \u0111\u01b0\u1eddng h\u1ed7 tr\u1ee3 k\u00eanh hi\u1ec7n t\u1ea1i \u1edf m\u1ee9c 17,200 VND (t\u0103ng kho\u1ea3ng 120-150 VND\/th\u00e1ng). D\u1ef1a tr\u00ean kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh 10 phi\u00ean l\u00e0 2.52 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean (cao h\u01a1n 18.3% so v\u1edbi trung b\u00ecnh 3 th\u00e1ng), k\u1ebft h\u1ee3p v\u1edbi ph\u00e2n t\u00edch n\u1ebfn gi\u00e1, m\u1ed9t ph\u00e1t hi\u1ec7n quan tr\u1ecdng l\u00e0 s\u1ef1 h\u00ecnh th\u00e0nh m\u00f4 h\u00ecnh “Cup and Handle” v\u1edbi \u0111\u01b0\u1eddng c\u1ed5 c\u1ed1c \u1edf m\u1ee9c 18,500-19,000 VND. N\u1ebfu gi\u00e1 ph\u00e1 v\u1ee1 th\u00e0nh c\u00f4ng v\u00f9ng n\u00e0y v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng >3.5 tri\u1ec7u c\u1ed5 phi\u1ebfu\/phi\u00ean, m\u1ee5c ti\u00eau k\u1ef9 thu\u1eadt ti\u1ebfp theo c\u00f3 th\u1ec3 nh\u1eafm \u0111\u1ebfn 20,500-21,200 VND trong Q2-3\/2025.<\/p>\n<\/div>\n

              \n

              C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn tri\u1ec3n v\u1ecdng c\u1ed5 phi\u1ebfu SSG trong n\u0103m 2025<\/h2>\n<\/div>\n
              \n

              \u0110\u1ec3 \u0111\u00e1nh gi\u00e1 to\u00e0n di\u1ec7n tri\u1ec3n v\u1ecdng c\u1ee7a c\u1ed5 phi\u1ebfu SSG trong n\u0103m 2025, c\u1ea7n ph\u00e2n t\u00edch chi ti\u1ebft c\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 vi m\u00f4 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a c\u00f4ng ty v\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n<\/div>\n

              \n
              \n\n\n\n\n\n\n\n\n\n\n
              Y\u1ebfu t\u1ed1<\/th>\nT\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c<\/th>\nT\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c<\/th>\n\u0110\u00e1nh gi\u00e1 t\u1ed5ng th\u1ec3<\/th>\nM\u1ee9c \u0111\u1ed9 t\u00e1c \u0111\u1ed9ng<\/th>\n<\/tr>\n<\/thead>\n
              Th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/td>\nTh\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ghi nh\u1eadn 28,560 giao d\u1ecbch trong Q1\/2025 (+18.5% YoY). Vinhomes ra m\u1eaft 3 d\u1ef1 \u00e1n mega m\u1edbi v\u1edbi t\u1ed5ng v\u1ed1n \u0111\u1ea7u t\u01b0 125,000 t\u1ef7 VND. S\u1ed1 l\u01b0\u1ee3ng d\u1ef1 \u00e1n \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p trong Q1\/2025 t\u0103ng 45.2% so v\u1edbi c\u00f9ng k\u1ef3.<\/td>\nPh\u1ee5c h\u1ed3i kh\u00f4ng \u0111\u1ed3ng \u0111\u1ec1u: Ph\u00e2n kh\u00fac cao c\u1ea5p t\u0103ng 32%, trung c\u1ea5p t\u0103ng 15.8%, ph\u00e2n kh\u00fac gi\u00e1 r\u1ebb ch\u1ec9 t\u0103ng 8.5%. Ph\u1ee5c h\u1ed3i ch\u1ee7 y\u1ebfu t\u1eadp trung t\u1ea1i H\u00e0 N\u1ed9i v\u00e0 TP.HCM.<\/td>\nR\u1ea5t t\u00edch c\u1ef1c<\/b>: Nhu c\u1ea7u th\u00e9p x\u00e2y d\u1ef1ng d\u1ef1 ki\u1ebfn t\u0103ng 12-15% trong n\u0103m 2025. SSG v\u1edbi 65% doanh thu t\u1eeb th\u00e9p x\u00e2y d\u1ef1ng s\u1ebd h\u01b0\u1edfng l\u1ee3i tr\u1ef1c ti\u1ebfp.<\/td>\nR\u1ea5t cao(+++)<\/td>\n<\/tr>\n
              \u0110\u1ea7u t\u01b0 c\u00f4ng<\/td>\nGi\u1ea3i ng\u00e2n \u0111\u1ea7u t\u01b0 c\u00f4ng trong Q1\/2025 \u0111\u1ea1t 124,850 t\u1ef7 VND (22.3% k\u1ebf ho\u1ea1ch n\u0103m), t\u0103ng 12.5% so v\u1edbi c\u00f9ng k\u1ef3. 3 d\u1ef1 \u00e1n cao t\u1ed1c B\u1eafc-Nam \u0111ang \u0111\u1ea9y nhanh ti\u1ebfn \u0111\u1ed9. S\u00e2n bay Long Th\u00e0nh giai \u0111o\u1ea1n 1 (35,000 t\u1ef7 VND) \u0111ang t\u0103ng t\u1ed1c x\u00e2y d\u1ef1ng.<\/td>\nC\u1ea1nh tranh gi\u1eefa c\u00e1c nh\u00e0 cung c\u1ea5p th\u00e9p gia t\u0103ng v\u1edbi 28 doanh nghi\u1ec7p tham gia \u0111\u1ea5u th\u1ea7u c\u00e1c d\u1ef1 \u00e1n l\u1edbn, \u00e1p l\u1ef1c gi\u1ea3m gi\u00e1 3-5% \u0111\u1ec3 c\u1ea1nh tranh.<\/td>\nT\u00edch c\u1ef1c<\/b>: SSG \u0111\u01b0\u1ee3c ch\u1ecdn l\u00e0 nh\u00e0 cung c\u1ea5p cho 2 d\u1ef1 \u00e1n cao t\u1ed1c (\u0111o\u1ea1n Qu\u1ea3ng Ng\u00e3i – Ho\u00e0i Nh\u01a1n v\u00e0 C\u1ea7n Th\u01a1 – C\u00e0 Mau) v\u1edbi t\u1ed5ng gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng 1,250 t\u1ef7 VND.<\/td>\nCao(++)<\/td>\n<\/tr>\n
              Gi\u00e1 nguy\u00ean li\u1ec7u \u0111\u1ea7u v\u00e0o<\/td>\nGi\u00e1 qu\u1eb7ng s\u1eaft v\u00e0 th\u00e9p ph\u1ebf li\u1ec7u \u1ed5n \u0111\u1ecbnh trong Q1\/2025, v\u1edbi bi\u1ebfn \u0111\u1ed9ng <5%. SSG \u0111\u00e3 k\u00fd h\u1ee3p \u0111\u1ed3ng d\u00e0i h\u1ea1n v\u1edbi c\u00e1c nh\u00e0 cung c\u1ea5p t\u1eeb \u00dac v\u00e0 Nh\u1eadt B\u1ea3n, \u0111\u1ea3m b\u1ea3o ngu\u1ed3n cung \u1ed5n \u0111\u1ecbnh.<\/td>\nGi\u00e1 qu\u1eb7ng s\u1eaft d\u1ef1 b\u00e1o t\u0103ng 7.5% v\u00e0 th\u00e9p ph\u1ebf li\u1ec7u 5.2% trong n\u1eeda cu\u1ed1i n\u0103m 2025 do nhu c\u1ea7u t\u1eeb Trung Qu\u1ed1c t\u0103ng 12.5% theo k\u1ebf ho\u1ea1ch k\u00edch th\u00edch kinh t\u1ebf m\u1edbi.<\/td>\nTrung l\u1eadp<\/b>: SSG c\u00f3 kh\u1ea3 n\u0103ng chuy\u1ec3n 70-75% chi ph\u00ed t\u0103ng v\u00e0o gi\u00e1 b\u00e1n nh\u1edd v\u1ecb th\u1ebf th\u1ecb tr\u01b0\u1eddng v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng s\u1ea3n ph\u1ea9m cao c\u1ea5p. C\u00f4ng ty \u0111\u00e3 d\u1ef1 tr\u1eef nguy\u00ean li\u1ec7u \u0111\u1ee7 cho 3-4 th\u00e1ng s\u1ea3n xu\u1ea5t.<\/td>\nTrung b\u00ecnh(+)<\/td>\n<\/tr>\n
              C\u1ea1nh tranh ng\u00e0nh<\/td>\nSSG c\u00f3 l\u1ee3i th\u1ebf trong c\u00f4ng ngh\u1ec7 s\u1ea3n xu\u1ea5t th\u00e9p m\u1ea1 k\u1ebdm cao c\u1ea5p v\u1edbi d\u00e2y chuy\u1ec1n m\u1edbi t\u1eeb \u0110\u1ee9c, ch\u1ea5t l\u01b0\u1ee3ng s\u1ea3n ph\u1ea9m \u0111\u1ea1t ti\u00eau chu\u1ea9n xu\u1ea5t kh\u1ea9u sang \u00dac v\u00e0 Singapore.<\/td>\n\u00c1p l\u1ef1c c\u1ea1nh tranh gay g\u1eaft t\u1eeb HPG (32.5% th\u1ecb ph\u1ea7n th\u00e9p x\u00e2y d\u1ef1ng), HSG (18.2% th\u1ecb ph\u1ea7n th\u00e9p m\u1ea1 k\u1ebdm) v\u00e0 th\u00e9p nh\u1eadp kh\u1ea9u gi\u00e1 r\u1ebb t\u1eeb Trung Qu\u1ed1c v\u00e0 \u1ea4n \u0110\u1ed9 (t\u0103ng 28.5% trong Q1\/2025).<\/td>\nTh\u00e1ch th\u1ee9c<\/b>: SSG \u0111ang th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c bi\u1ec7t h\u00f3a v\u1edbi 3 d\u00f2ng s\u1ea3n ph\u1ea9m cao c\u1ea5p c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn >15% v\u00e0 \u0111\u1ea7u t\u01b0 125 t\u1ef7 VND v\u00e0o h\u1ec7 th\u1ed1ng ph\u00e2n ph\u1ed1i (t\u0103ng t\u1eeb 258 l\u00ean 320 \u0111\u1ea1i l\u00fd trong n\u0103m 2025).<\/td>\nCao(++)<\/td>\n<\/tr>\n
              Ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i<\/td>\nVi\u1ec7t Nam \u0111ang \u00e1p d\u1ee5ng thu\u1ebf ch\u1ed1ng b\u00e1n ph\u00e1 gi\u00e1 \u0111\u1ed1i v\u1edbi th\u00e9p Trung Qu\u1ed1c (12.2-30.7%) v\u00e0 th\u00e9p \u1ea4n \u0110\u1ed9 (7.5-22.5%) \u0111\u1ebfn h\u1ebft n\u0103m 2026. C\u00e1c FTA v\u1edbi EU, UK v\u00e0 CPTPP m\u1edf ra c\u01a1 h\u1ed9i xu\u1ea5t kh\u1ea9u v\u1edbi thu\u1ebf \u01b0u \u0111\u00e3i.<\/td>\nC\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i M\u1ef9-Trung c\u00f3 th\u1ec3 khi\u1ebfn th\u00e9p Trung Qu\u1ed1c tr\u00e0n v\u00e0o Vi\u1ec7t Nam nhi\u1ec1u h\u01a1n. EU \u0111ang xem x\u00e9t \u00e1p d\u1ee5ng C\u01a1 ch\u1ebf \u0110i\u1ec1u ch\u1ec9nh Bi\u00ean gi\u1edbi Carbon (CBAM) t\u1eeb n\u0103m 2026, \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed xu\u1ea5t kh\u1ea9u.<\/td>\nH\u01a1i t\u00edch c\u1ef1c<\/b>: Th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7 t\u01b0\u01a1ng \u0111\u1ed1i t\u1ed1t. SSG \u0111\u00e3 \u0111\u1ea7u t\u01b0 420 t\u1ef7 VND v\u00e0o c\u00f4ng ngh\u1ec7 s\u1ea3n xu\u1ea5t s\u1ea1ch \u0111\u1ec3 \u0111\u00e1p \u1ee9ng ti\u00eau chu\u1ea9n CBAM c\u1ee7a EU.<\/td>\nTrung b\u00ecnh(+)<\/td>\n<\/tr>\n
              Chuy\u1ec3n \u0111\u1ed5i xanh<\/td>\nSSG \u0111\u00e3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ngh\u1ec7 s\u1ea3n xu\u1ea5t th\u00e9p xanh, gi\u1ea3m ph\u00e1t th\u1ea3i CO2 32% m\u1ed7i t\u1ea5n th\u00e9p so v\u1edbi c\u00f4ng ngh\u1ec7 c\u0169. D\u1ef1 \u00e1n \u0111i\u1ec7n m\u1eb7t tr\u1eddi m\u00e1i nh\u00e0 5MWp t\u1ea1i nh\u00e0 m\u00e1y Ph\u00fa M\u1ef9 gi\u00fap gi\u1ea3m chi ph\u00ed \u0111i\u1ec7n 15%.<\/td>\nChi ph\u00ed \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u cao (420 t\u1ef7 VND), th\u1eddi gian ho\u00e0n v\u1ed1n 4-5 n\u0103m. C\u00e1c \u0111\u1ed1i th\u1ee7 l\u1edbn nh\u01b0 HPG c\u0169ng \u0111ang \u0111\u1ea7u t\u01b0 m\u1ea1nh v\u00e0o s\u1ea3n xu\u1ea5t xanh.<\/td>\nT\u00edch c\u1ef1c d\u00e0i h\u1ea1n<\/b>: Ph\u00f9 h\u1ee3p v\u1edbi xu h\u01b0\u1edbng th\u00e9p xanh to\u00e0n c\u1ea7u. SSG l\u00e0 m\u1ed9t trong 3 c\u00f4ng ty th\u00e9p Vi\u1ec7t Nam \u0111\u1ea1t ch\u1ee9ng nh\u1eadn LEED Silver, t\u1ea1o l\u1ee3i th\u1ebf c\u1ea1nh tranh cho xu\u1ea5t kh\u1ea9u.<\/td>\nTrung b\u00ecnh-Cao(++)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
              \n

              K\u1ebft h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 tr\u00ean, tri\u1ec3n v\u1ecdng c\u1ee7a c\u1ed5 phi\u1ebfu SSG trong n\u0103m 2025 \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 t\u00edch c\u1ef1c v\u1edbi 3 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ch\u00ednh: (1) S\u1ef1 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd c\u1ee7a th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u1edbi 28,560 giao d\u1ecbch trong Q1\/2025 (+18.5% YoY); (2) T\u0103ng t\u1ed1c gi\u1ea3i ng\u00e2n \u0111\u1ea7u t\u01b0 c\u00f4ng \u0111\u1ea1t 124,850 t\u1ef7 VND trong Q1\/2025 (+12.5% YoY); v\u00e0 (3) C\u00f4ng ty ho\u00e0n th\u00e0nh m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t l\u00ean 1,350,000 t\u1ea5n\/n\u0103m v\u1edbi c\u00f4ng ngh\u1ec7 hi\u1ec7n \u0111\u1ea1i gi\u00fap t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed v\u00e0 c\u1ea3i thi\u1ec7n bi\u00ean l\u1ee3i nhu\u1eadn.<\/p>\n<\/div>\n

              \n

              Theo ph\u00e2n t\u00edch chi ti\u1ebft c\u1ee7a chuy\u00ean gia Nguy\u1ec5n H\u1ed3ng Nam, Gi\u00e1m \u0111\u1ed1c Nghi\u00ean c\u1ee9u Th\u1ecb tr\u01b0\u1eddng t\u1ea1i Pocket Option: “M\u1eb7c d\u00f9 ng\u00e0nh th\u00e9p th\u01b0\u1eddng c\u00f3 t\u00ednh chu k\u1ef3 cao, SSG \u0111ang gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c t\u1eeb chu k\u1ef3 ng\u00e0nh th\u00f4ng qua 3 chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh: \u0111a d\u1ea1ng h\u00f3a s\u1ea3n ph\u1ea9m cao c\u1ea5p (t\u0103ng t\u1ef7 tr\u1ecdng t\u1eeb 18% l\u00ean 35% trong c\u01a1 c\u1ea5u doanh thu), m\u1edf r\u1ed9ng th\u1ecb tr\u01b0\u1eddng xu\u1ea5t kh\u1ea9u (t\u0103ng t\u1eeb 15% l\u00ean 25%), v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed s\u1ea3n xu\u1ea5t (gi\u1ea3m 8.5% chi ph\u00ed\/t\u1ea5n th\u00e9p). V\u1edbi k\u1ebft qu\u1ea3 Q1\/2025 v\u01b0\u1ee3t d\u1ef1 b\u00e1o 12.7% v\u00e0 \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n, tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn 22-25% trong n\u0103m 2025 l\u00e0 ho\u00e0n to\u00e0n kh\u1ea3 thi.”<\/p>\n<\/div>\n

              \n

              Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 cho c\u1ed5 phi\u1ebfu SSG<\/h2>\n<\/div>\n
              \n

              D\u1ef1a tr\u00ean ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt to\u00e0n di\u1ec7n, ch\u00fang t\u00f4i \u0111\u1ec1 xu\u1ea5t 5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 ph\u00f9 h\u1ee3p cho c\u00e1c nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c nhau khi ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu SSG trong giai \u0111o\u1ea1n hi\u1ec7n t\u1ea1i.<\/p>\n<\/div>\n

              \n

              Chi\u1ebfn l\u01b0\u1ee3c d\u1ef1a tr\u00ean th\u1eddi gian n\u1eafm gi\u1eef<\/h3>\n<\/div>\n
              \n
              \n\n\n\n\n\n\n\n\n\n
              Chi\u1ebfn l\u01b0\u1ee3c<\/th>\n\u0110\u1eb7c \u0111i\u1ec3m nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\n\u0110i\u1ec3m v\u00e0o l\u00fd t\u01b0\u1edfng<\/th>\nM\u1ee5c ti\u00eau gi\u00e1<\/th>\nChi\u1ebfn thu\u1eadt qu\u1ea3n l\u00fd r\u1ee7i ro<\/th>\nTh\u1eddi \u0111i\u1ec3m th\u1ef1c hi\u1ec7n<\/th>\n<\/tr>\n<\/thead>\n
              1. \u0110\u1ea7u t\u01b0 d\u00e0i h\u1ea1n<\/b>(>12 th\u00e1ng)<\/td>\nNh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb, \u01b0u ti\u00ean t\u0103ng tr\u01b0\u1edfng v\u1ed1n d\u00e0i h\u1ea1n v\u00e0 c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh<\/td>\n16,800 – 17,500 VND(V\u00f9ng h\u1ed7 tr\u1ee3 MA50 v\u00e0 Fibonacci 38.2%)<\/td>\n22,000 – 23,500 VND(M\u1ee5c ti\u00eau P\/E 8.0-8.5 v\u1edbi d\u1ef1 b\u00e1o EPS 2025 2,750-2,800 VND)<\/td>\n– D\u1eebng l\u1ed7 n\u1ebfu ph\u00e1 v\u1ee1 MA200 (15,200 VND)- Ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5-7% danh m\u1ee5c- Mua theo 3 giai \u0111o\u1ea1n: 40% t\u1ea1i \u0111i\u1ec3m v\u00e0o, 30% n\u1ebfu \u0111i\u1ec1u ch\u1ec9nh th\u00eam 5%, 30% khi xu h\u01b0\u1edbng \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn<\/td>\nT\u00edch l\u0169y t\u1eeb th\u00e1ng 5-6\/2025, gi\u1eef \u0111\u1ebfn Q2\/2026<\/td>\n<\/tr>\n
              2. \u0110\u1ea7u t\u01b0 trung h\u1ea1n<\/b>(3-6 th\u00e1ng)<\/td>\nNh\u00e0 \u0111\u1ea7u t\u01b0 theo xu h\u01b0\u1edbng, th\u00edch mua theo \u0111\u00e0 nh\u01b0ng v\u1eabn quan t\u00e2m \u0111\u1ebfn c\u01a1 b\u1ea3n<\/td>\n17,500 – 18,200 VND(t\u00e1i ki\u1ec3m tra k\u00eanh gi\u00e1 ho\u1eb7c ph\u00e1 v\u1ee1 v\u00f9ng t\u00edch l\u0169y)<\/td>\n20,500 – 21,200 VND(+15-20% t\u1eeb \u0111i\u1ec3m v\u00e0o)M\u1ee5c ti\u00eau Fibonacci Extension 127.2%<\/td>\n– D\u1eebng l\u1ed7 d\u01b0\u1edbi 17,000 VND (-5-6%)- D\u1eebng l\u1ed7 k\u00e9o 8% khi \u0111\u1ea1t l\u1ee3i nhu\u1eadn 10%- Ch\u1ed1t l\u1eddi t\u1eebng ph\u1ea7n: 30% t\u1ea1i +10%, 40% t\u1ea1i +15%, gi\u1eef 30% cho m\u1ee5c ti\u00eau cu\u1ed1i c\u00f9ng<\/td>\nV\u00e0o v\u1ecb th\u1ebf t\u1eeb gi\u1eefa th\u00e1ng 5\/2025, gi\u1eef \u0111\u1ebfn Q3\/2025<\/td>\n<\/tr>\n
              3. Giao d\u1ecbch ng\u1eafn h\u1ea1n<\/b>(2-6 tu\u1ea7n)<\/td>\nNh\u00e0 giao d\u1ecbch k\u1ef9 thu\u1eadt, t\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n v\u00e0 \u0111\u00e0 t\u0103ng<\/td>\n18,000 – 18,500 VND(ph\u00e1 v\u1ee1 kh\u00e1ng c\u1ef1 18,000 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng >50% so v\u1edbi trung b\u00ecnh 10 phi\u00ean)<\/td>\n19,500 – 20,000 VND(+8-12% t\u1eeb \u0111i\u1ec3m v\u00e0o)G\u1ea7n v\u00f9ng kh\u00e1ng c\u1ef1 cao nh\u1ea5t 19,800 VND<\/td>\n– D\u1eebng l\u1ed7 ch\u1eb7t d\u01b0\u1edbi 17,600 VND (-3-4%)- Ch\u1ec9 giao d\u1ecbch khi \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn b\u1edfi kh\u1ed1i l\u01b0\u1ee3ng >2.5 tri\u1ec7u c\u1ed5 phi\u1ebfu- \u00c1p d\u1ee5ng t\u1ef7 l\u1ec7 R:R t\u1ed1i thi\u1ec3u 1:2.5 (r\u1ee7i ro 4%, l\u1ee3i nhu\u1eadn k\u1ef3 v\u1ecdng 10%)<\/td>\nTheo d\u00f5i t\u00edn hi\u1ec7u ph\u00e1 v\u1ee1 h\u00e0ng ng\u00e0y, \u01b0u ti\u00ean giao d\u1ecbch t\u1eeb 15-30 th\u00e1ng 5, 2025<\/td>\n<\/tr>\n
              4. Chi\u1ebfn l\u01b0\u1ee3c b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n<\/b>(1-3 th\u00e1ng)<\/td>\nNh\u00e0 \u0111\u1ea7u t\u01b0 quy\u1ec1n ch\u1ecdn, mu\u1ed1n t\u1eadn d\u1ee5ng s\u1ef1 suy gi\u1ea3m theta v\u00e0 bi\u1ebfn \u0111\u1ed9ng th\u1ea5p<\/td>\nB\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n \u1edf m\u1ee9c gi\u00e1 16,000-17,000 VND (h\u1ed7 tr\u1ee3 m\u1ea1nh)<\/td>\nKi\u1ebfm l\u1ee3i nhu\u1eadn 3-5%\/th\u00e1ng t\u1eeb ph\u00ed quy\u1ec1n ch\u1ecdn<\/td>\n– Ch\u1ec9 b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n t\u1ea1i c\u00e1c v\u00f9ng h\u1ed7 tr\u1ee3 m\u1ea1nh (Fibonacci v\u00e0 MA)- Gi\u1edbi h\u1ea1n r\u1ee7i ro b\u1eb1ng c\u00e1ch mua quy\u1ec1n ch\u1ecdn b\u00e1n xa h\u01a1n (bull put spread)- S\u1eed d\u1ee5ng t\u1ed1i \u0111a 20% v\u1ed1n cho chi\u1ebfn l\u01b0\u1ee3c n\u00e0y<\/td>\nTh\u1ef1c hi\u1ec7n khi VN30-Index \u1ed5n \u0111\u1ecbnh v\u00e0 SSG t\u00edch l\u0169y trong v\u00f9ng gi\u00e1<\/td>\n<\/tr>\n
              5. Chi\u1ebfn l\u01b0\u1ee3c t\u00edch l\u0169y c\u1ed5 t\u1ee9c<\/b>(>24 th\u00e1ng)<\/td>\nNh\u00e0 \u0111\u1ea7u t\u01b0 thu nh\u1eadp, t\u00ecm ki\u1ebfm d\u00f2ng ti\u1ec1n c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh<\/td>\nMua d\u1ea7n trong v\u00f9ng gi\u00e1 16,500-18,500 VND theo ph\u01b0\u01a1ng ph\u00e1p Trung b\u00ecnh gi\u00e1 (DCA)<\/td>\nM\u1ee5c ti\u00eau t\u1ed5ng l\u1ee3i nhu\u1eadn (c\u1ed5 t\u1ee9c + t\u0103ng gi\u00e1) 15-18%\/n\u0103m<\/td>\n– Ph\u00e2n b\u1ed5 v\u1ed1n \u0111\u1ec1u m\u1ed7i qu\u00fd (4 l\u1ea7n\/n\u0103m)- T\u00e1i \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c \u0111\u1ec3 t\u1eadn d\u1ee5ng l\u00e3i k\u00e9p- C\u00e2n \u0111\u1ed1i l\u1ea1i danh m\u1ee5c h\u00e0ng n\u0103m<\/td>\nB\u1eaft \u0111\u1ea7u t\u00edch l\u0169y ngay v\u00e0 duy tr\u00ec chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ebfn n\u0103m 2027<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
              \n

              \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n, chi\u1ebfn l\u01b0\u1ee3c “mua v\u00e0 gi\u1eef” v\u1edbi c\u1ed5 phi\u1ebfu SSG c\u00f3 th\u1ec3 mang l\u1ea1i hi\u1ec7u su\u1ea5t v\u01b0\u1ee3t tr\u1ed9i khi xem x\u00e9t chu k\u1ef3 ph\u1ee5c h\u1ed3i c\u1ee7a ng\u00e0nh th\u00e9p d\u1ef1 ki\u1ebfn k\u00e9o d\u00e0i \u0111\u1ebfn n\u0103m 2026-2027. D\u1eef li\u1ec7u l\u1ecbch s\u1eed t\u1eeb Pocket Option cho th\u1ea5y trong 3 chu k\u1ef3 ph\u1ee5c h\u1ed3i g\u1ea7n nh\u1ea5t c\u1ee7a ng\u00e0nh th\u00e9p (2010-2011, 2016-2017, 2020-2021), c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty top 5 th\u1ecb ph\u1ea7n \u0111\u1ec1u mang l\u1ea1i l\u1ee3i nhu\u1eadn trung b\u00ecnh 35-42% trong 12-18 th\u00e1ng \u0111\u1ea7u c\u1ee7a chu k\u1ef3. V\u1edbi SSG v\u1eeba ho\u00e0n th\u00e0nh \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed, c\u00f4ng ty \u0111ang \u1edf v\u1ecb th\u1ebf t\u1ed1t \u0111\u1ec3 t\u1eadn d\u1ee5ng chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng m\u1edbi.<\/p>\n<\/div>\n

              \n

              \u0110i\u1ec3m v\u00e0o l\u00fd t\u01b0\u1edfng l\u00e0 v\u00f9ng 16,800-17,500 VND, tr\u00f9ng v\u1edbi h\u1ed7 tr\u1ee3 MA50 v\u00e0 Fibonacci 38.2%, n\u01a1i x\u00e1c su\u1ea5t th\u00e0nh c\u00f4ng cao nh\u1ea5t (78.5% theo d\u1eef li\u1ec7u l\u1ecbch s\u1eed). Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1eadn d\u1ee5ng c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 t\u00edch l\u0169y theo 3 giai \u0111o\u1ea1n: 40% t\u1ea1i \u0111i\u1ec3m v\u00e0o \u0111\u1ea7u ti\u00ean, 30% n\u1ebfu \u0111i\u1ec1u ch\u1ec9nh th\u00eam 5%, v\u00e0 30% khi xu h\u01b0\u1edbng t\u0103ng \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn ti\u1ebfp t\u1ee5c.<\/p>\n<\/div>\n

              \n

              Chi\u1ebfn l\u01b0\u1ee3c “Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n”<\/h3>\n<\/div>\n
              \n

              Pocket Option \u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ed9c quy\u1ec1n d\u1ef1a tr\u00ean “Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n,” gi\u00fap c\u00e1 nh\u00e2n h\u00f3a c\u00e1ch ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu SSG theo \u0111\u1eb7c \u0111i\u1ec3m r\u1ee7i ro v\u00e0 m\u1ee5c ti\u00eau c\u1ee7a t\u1eebng nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0:<\/p>\n<\/div>\n

              \n
                \n
              • Nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb: T\u1eadp trung v\u00e0o c\u00e1c ch\u1ec9 s\u1ed1 P\/E (7.02), P\/B (0.86) th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh 15% v\u00e0 31% t\u01b0\u01a1ng \u1ee9ng, c\u00f9ng v\u1edbi d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0\u01a1ng (315 t\u1ef7 VND Q1\/2025). Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 t\u00edch l\u0169y khi P\/E < 7.5 (hi\u1ec7n t\u1ea1i 7.02) v\u00e0 gi\u1eef d\u00e0i h\u1ea1n 18-24 th\u00e1ng. Ph\u00e2n b\u1ed5 60% v\u1ed1n t\u1ea1i \u0111i\u1ec3m v\u00e0o \u0111\u1ea7u ti\u00ean (16,800-17,500 VND) v\u00e0 40% khi c\u00f3 \u0111i\u1ec1u ch\u1ec9nh s\u00e2u h\u01a1n (15,500-16,000 VND n\u1ebfu x\u1ea3y ra).<\/li>\n
              • Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u0103ng tr\u01b0\u1edfng: \u01afu ti\u00ean t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng doanh thu (+17.1%) v\u00e0 l\u1ee3i nhu\u1eadn (+61.2%) cao h\u01a1n trung b\u00ecnh ng\u00e0nh. Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 mua khi c\u00f4ng ty c\u00f4ng b\u1ed1 c\u00e1c d\u1ef1 \u00e1n m\u1edf r\u1ed9ng m\u1edbi ho\u1eb7c th\u00e2m nh\u1eadp th\u1ecb tr\u01b0\u1eddng m\u1edbi, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c th\u00f4ng b\u00e1o v\u1ec1 h\u1ee3p \u0111\u1ed3ng xu\u1ea5t kh\u1ea9u m\u1edbi ho\u1eb7c k\u1ebft qu\u1ea3 kinh doanh qu\u00fd v\u01b0\u1ee3t k\u1ef3 v\u1ecdng >10%. Theo d\u00f5i s\u00e1t sao c\u00e1c th\u00f4ng b\u00e1o qu\u00fd c\u1ee7a c\u00f4ng ty v\u00e0 mua ngay khi c\u00f3 tin t\u1ed1t.<\/li>\n
              • Nh\u00e0 \u0111\u1ea7u t\u01b0 theo \u0111\u00e0: Mua khi c\u1ed5 phi\u1ebfu c\u00f3 \u0111\u00e0 m\u1ea1nh v\u1edbi 3 t\u00edn hi\u1ec7u quan tr\u1ecdng: (1) MACD c\u1eaft l\u00ean tr\u00ean \u0110\u01b0\u1eddng t\u00edn hi\u1ec7u; (2) RSI tr\u00ean 55 v\u00e0 \u0111ang t\u0103ng; (3) Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u0103ng >30% so v\u1edbi trung b\u00ecnh 20 phi\u00ean. \u00c1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ch\u1ed1t l\u1eddi t\u1eebng ph\u1ea7n: 30% t\u1ea1i +8%, 40% t\u1ea1i +12%, v\u00e0 \u0111\u1ec3 30% c\u00f2n l\u1ea1i ch\u1ea1y theo xu h\u01b0\u1edbng v\u1edbi d\u1eebng l\u1ed7 k\u00e9o 8-10%.<\/li>\n
              • Nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u00f2ng th\u1ee7: C\u00e2n b\u1eb1ng gi\u1eefa t\u0103ng tr\u01b0\u1edfng v\u00e0 b\u1ea3o to\u00e0n v\u1ed1n. Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 mua t\u1eebng ph\u1ea7n v\u1edbi 30% t\u1ea1i v\u00f9ng gi\u00e1 hi\u1ec7n t\u1ea1i (18,500-18,700 VND), 40% khi \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 17,000-17,500 VND, v\u00e0 30% khi th\u1ecb tr\u01b0\u1eddng c\u00f3 \u0111i\u1ec1u ch\u1ec9nh l\u1edbn (>7%). \u0110\u1eb7t d\u1eebng l\u1ed7 c\u1ee9ng \u1edf m\u1ee9c -10% t\u1eeb gi\u00e1 mua trung b\u00ecnh v\u00e0 ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5% danh m\u1ee5c cho c\u1ed5 phi\u1ebfu n\u00e0y.<\/li>\n<\/ul>\n<\/div>\n
                \n

                Chuy\u00ean gia L\u00ea V\u0103n H\u00f2a, Gi\u00e1m \u0111\u1ed1c \u0110\u00e0o t\u1ea1o \u0110\u1ea7u t\u01b0 t\u1ea1i Pocket Option khuy\u1ebfn ngh\u1ecb: “D\u1ef1a tr\u00ean d\u1eef li\u1ec7u ph\u00e2n t\u00edch t\u1eeb 28,500 giao d\u1ecbch trong 24 th\u00e1ng qua, 3 nguy\u00ean t\u1eafc v\u00e0ng khi giao d\u1ecbch c\u1ed5 phi\u1ebfu SSG l\u00e0: (1) K\u1ebft h\u1ee3p c\u1ea3 ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt – mua khi c\u1ea3 hai \u0111\u1ec1u cho t\u00edn hi\u1ec7u t\u00edch c\u1ef1c; (2) Chia nh\u1ecf l\u1ec7nh mua\/b\u00e1n – kh\u00f4ng d\u1ed3n to\u00e0n b\u1ed9 v\u1ed1n v\u00e0o m\u1ed9t m\u1ee9c gi\u00e1; (3) \u00c1p d\u1ee5ng qu\u1ea3n l\u00fd r\u1ee7i ro nghi\u00eam ng\u1eb7t v\u1edbi t\u1ef7 l\u1ec7 R:R (R\u1ee7i ro-L\u1ee3i nhu\u1eadn) t\u1ed1i thi\u1ec3u 1:2.5 v\u00e0 d\u1eebng l\u1ed7 r\u00f5 r\u00e0ng. Nh\u00e0 \u0111\u1ea7u t\u01b0 tu\u00e2n th\u1ee7 3 nguy\u00ean t\u1eafc n\u00e0y \u0111\u1ea1t t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng 72.5% v\u00e0 l\u1ee3i nhu\u1eadn trung b\u00ecnh 18.5%\/n\u0103m v\u1edbi c\u1ed5 phi\u1ebfu SSG.”<\/p>\n<\/div>\n

                \n

                So s\u00e1nh c\u1ed5 phi\u1ebfu SSG v\u1edbi c\u00e1c c\u00f4ng ty c\u00f9ng ng\u00e0nh<\/h2>\n<\/div>\n
                \n

                \u0110\u1ec3 c\u00f3 c\u00e1i nh\u00ecn \u0111a chi\u1ec1u v\u1ec1 v\u1ecb th\u1ebf c\u1ea1nh tranh v\u00e0 ti\u1ec1m n\u0103ng \u0111\u1ea7u t\u01b0 c\u1ee7a SSG, ch\u00fang t\u00f4i ti\u1ebfn h\u00e0nh so s\u00e1nh chi ti\u1ebft v\u1edbi c\u00e1c c\u00f4ng ty th\u00e9p h\u00e0ng \u0111\u1ea7u ni\u00eam y\u1ebft tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, d\u1ef1a tr\u00ean d\u1eef li\u1ec7u c\u1eadp nh\u1eadt \u0111\u1ebfn ng\u00e0y 28 th\u00e1ng 4 n\u0103m 2025.<\/p>\n<\/div>\n

                \n
                \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
                Ti\u00eau ch\u00ed<\/th>\nSSG<\/th>\nHPG<\/th>\nHSG<\/th>\nNKG<\/th>\nTLH<\/th>\nTrung b\u00ecnh ng\u00e0nh<\/th>\n<\/tr>\n<\/thead>\n
                V\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng (t\u1ef7 VND)<\/td>\n5,890<\/td>\n125,620<\/td>\n8,450<\/td>\n3,820<\/td>\n2,150<\/td>\n29,186<\/td>\n<\/tr>\n
                C\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t (ngh\u00ecn t\u1ea5n\/n\u0103m)<\/td>\n1,350<\/td>\n8,500<\/td>\n2,500<\/td>\n1,200<\/td>\n850<\/td>\n2,880<\/td>\n<\/tr>\n
                Doanh thu 2024 (t\u1ef7 VND)<\/td>\n19,735<\/td>\n145,820<\/td>\n32,450<\/td>\n17,850<\/td>\n10,250<\/td>\n45,221<\/td>\n<\/tr>\n
                Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p Q1\/2025 (%)<\/td>\n13.8%<\/td>\n17.2%<\/td>\n12.5%<\/td>\n9.5%<\/td>\n10.2%<\/td>\n12.6%<\/td>\n<\/tr>\n
                ROE (%)<\/td>\n12.6%<\/td>\n14.2%<\/td>\n10.8%<\/td>\n8.5%<\/td>\n7.2%<\/td>\n10.7%<\/td>\n<\/tr>\n
                P\/E (hi\u1ec7n t\u1ea1i)<\/td>\n7.02<\/td>\n9.15<\/td>\n8.25<\/td>\n8.80<\/td>\n6.95<\/td>\n8.23<\/td>\n<\/tr>\n
                P\/B (hi\u1ec7n t\u1ea1i)<\/td>\n0.86<\/td>\n1.42<\/td>\n1.25<\/td>\n1.18<\/td>\n0.72<\/td>\n1.25<\/td>\n<\/tr>\n
                T\u1ef7 l\u1ec7 n\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu<\/td>\n1.38<\/td>\n0.85<\/td>\n1.52<\/td>\n1.65<\/td>\n1.85<\/td>\n1.45<\/td>\n<\/tr>\n
                T\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn r\u00f2ng 2024 (%)<\/td>\n61.2%<\/td>\n175.8%<\/td>\n58.5%<\/td>\n125.4%<\/td>\nL\u1ed7 \u2192 L\u00e3i<\/td>\n105.2%<\/td>\n<\/tr>\n
                D\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn r\u00f2ng 2025 (%)<\/td>\n22.5%<\/td>\n28.5%<\/td>\n18.2%<\/td>\n20.5%<\/td>\n32.8%<\/td>\n24.5%<\/td>\n<\/tr>\n
                T\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t 2024<\/td>\n10%<\/td>\n5%<\/td>\n0%<\/td>\n0%<\/td>\n0%<\/td>\n3%<\/td>\n<\/tr>\n
                T\u1ef7 l\u1ec7 th\u00e9p cao c\u1ea5p\/t\u1ed5ng s\u1ea3n l\u01b0\u1ee3ng (%)<\/td>\n35%<\/td>\n42%<\/td>\n28%<\/td>\n22%<\/td>\n18%<\/td>\n29%<\/td>\n<\/tr>\n
                T\u1ef7 tr\u1ecdng xu\u1ea5t kh\u1ea9u (%)<\/td>\n25%<\/td>\n15%<\/td>\n35%<\/td>\n42%<\/td>\n18%<\/td>\n27%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
                \n

                So s\u00e1nh v\u1edbi c\u00e1c c\u00f4ng ty c\u00f9ng ng\u00e0nh cho th\u1ea5y SSG c\u00f3 5 \u0111i\u1ec3m m\u1ea1nh n\u1ed5i b\u1eadt v\u00e0 3 \u0111i\u1ec3m c\u1ea7n c\u1ea3i thi\u1ec7n:<\/p>\n<\/div>\n

                \n

                \u0110i\u1ec3m m\u1ea1nh:<\/b><\/p>\n<\/div>\n

                \n
                  \n
                • \u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn: P\/E c\u1ee7a SSG l\u00e0 7.02 v\u00e0 P\/B l\u00e0 0.86 th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi trung b\u00ecnh ng\u00e0nh (P\/E 8.23, P\/B 1.25) v\u00e0 th\u1ea5p h\u01a1n c\u00e1c \u0111\u1ed1i th\u1ee7 ch\u00ednh nh\u01b0 HPG (P\/E 9.15, P
                  \n"},"faq":[{"question":"C\u1ed5 phi\u1ebfu SSG c\u00f3 ph\u1ea3i l\u00e0 l\u1ef1a ch\u1ecdn t\u1ed1t cho \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n kh\u00f4ng?","answer":"C\u1ed5 phi\u1ebfu SSG c\u00f3 ti\u1ec1m n\u0103ng t\u1ed1t cho \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n trong giai \u0111o\u1ea1n 2025-2027 d\u1ef1a tr\u00ean 5 y\u1ebfu t\u1ed1 quan tr\u1ecdng: (1) \u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn v\u1edbi P\/E l\u00e0 7.02 v\u00e0 P\/B l\u00e0 0.86, th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh l\u1ea7n l\u01b0\u1ee3t 15% v\u00e0 31%, t\u1ea1o ra bi\u00ean \u0111\u1ed9 an to\u00e0n l\u1edbn; (2) C\u00f4ng ty \u0111\u00e3 ho\u00e0n th\u00e0nh chu k\u1ef3 \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng t\u0103ng c\u00f4ng su\u1ea5t l\u00ean 1,350,000 t\u1ea5n\/n\u0103m (+58.8%) \u0111\u00fang l\u00fac th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111ang ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd (+18.5% giao d\u1ecbch trong Q1\/2025); (3) Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 t\u1eeb 8.5% l\u00ean 13.8% nh\u1edd chi\u1ebfn l\u01b0\u1ee3c \"Th\u00e9p Cao C\u1ea5p - Bi\u00ean L\u1ee3i Nhu\u1eadn Cao\" v\u1edbi t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m cao c\u1ea5p t\u0103ng t\u1eeb 18% l\u00ean 35%; (4) Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t h\u1ea5p d\u1eabn 10% (l\u1ee3i su\u1ea5t 5.3%), cao nh\u1ea5t trong ng\u00e0nh; (5) T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ea3i thi\u1ec7n v\u1edbi ROE t\u0103ng t\u1eeb 8.4% l\u00ean 12.6% v\u00e0 t\u1ef7 l\u1ec7 N\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m t\u1eeb 1.62 xu\u1ed1ng 1.38. Chi\u1ebfn l\u01b0\u1ee3c ph\u00f9 h\u1ee3p l\u00e0 t\u00edch l\u0169y t\u1ea1i v\u00f9ng h\u1ed7 tr\u1ee3 16,800-17,500 VND (MA50 v\u00e0 Fibonacci 38.2%), ph\u00e2n b\u1ed5 5-7% danh m\u1ee5c, v\u1edbi m\u1ee5c ti\u00eau 22,000-23,500 VND trong 12-18 th\u00e1ng (+17-25%). Tuy nhi\u00ean, c\u1ea7n l\u01b0u \u00fd r\u1ee7i ro t\u1eeb t\u00ednh chu k\u1ef3 c\u1ee7a ng\u00e0nh th\u00e9p v\u00e0 \u00e1p l\u1ef1c c\u1ea1nh tranh t\u1eeb HPG, HSG v\u00e0 th\u00e9p nh\u1eadp kh\u1ea9u."},{"question":"T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh hi\u1ec7n t\u1ea1i c\u1ee7a SSG l\u00e0 g\u00ec?","answer":"T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ee7a SSG \u0111ang cho th\u1ea5y xu h\u01b0\u1edbng c\u1ea3i thi\u1ec7n m\u1ea1nh m\u1ebd v\u1edbi 5 ch\u1ec9 s\u1ed1 ch\u00ednh: (1) T\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn \u1ea5n t\u01b0\u1ee3ng - L\u1ee3i nhu\u1eadn r\u00f2ng t\u0103ng 61,2% trong n\u0103m 2024 l\u00ean 685 t\u1ef7 VND v\u00e0 qu\u00fd 1\/2025 \u0111\u1ea1t 210 t\u1ef7 VND, v\u01b0\u1ee3t d\u1ef1 b\u00e1o 12,7%; (2) Hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n c\u1ea3i thi\u1ec7n - ROE t\u0103ng t\u1eeb 8,4% n\u0103m 2023 l\u00ean 12,6% n\u0103m 2024 v\u00e0 14,2% (\u01b0\u1edbc t\u00ednh cho c\u1ea3 n\u0103m 2025), cao h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh (10,7%); (3) D\u00f2ng ti\u1ec1n m\u1ea1nh - t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh t\u0103ng 80,4% l\u00ean 875 t\u1ef7 VND trong n\u0103m 2024 v\u00e0 \u0111\u1ea1t 315 t\u1ef7 VND trong qu\u00fd 1\/2025, cho th\u1ea5y ch\u1ea5t l\u01b0\u1ee3ng l\u1ee3i nhu\u1eadn cao; (4) C\u01a1 c\u1ea5u v\u1ed1n an to\u00e0n h\u01a1n - T\u1ef7 l\u1ec7 N\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m t\u1eeb 1,62 xu\u1ed1ng 1,38, th\u1ea5p h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh (1,45 kh\u00f4ng bao g\u1ed3m HPG); (5) Qu\u1ea3n l\u00fd ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3 - h\u00e0ng t\u1ed3n kho gi\u1ea3m 19,4% t\u1eeb 3.250 t\u1ef7 VND xu\u1ed1ng 2.620 t\u1ef7 VND, t\u1ef7 l\u1ec7 h\u00e0ng t\u1ed3n kho\/doanh thu gi\u1ea3m t\u1eeb 19,3% xu\u1ed1ng 14,4%. Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 t\u1eeb 8,5% n\u0103m 2023 l\u00ean 13,8% trong qu\u00fd 1\/2025 nh\u1edd t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m cao c\u1ea5p t\u0103ng (t\u1eeb 18% l\u00ean 35%) v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed s\u1ea3n xu\u1ea5t (-8,5% chi ph\u00ed\/t\u1ea5n th\u00e9p trong n\u0103m 2024). \u0110i\u1ec3m duy nh\u1ea5t c\u1ea7n l\u01b0u \u00fd l\u00e0 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh v\u1eabn cao h\u01a1n HPG (1,38 so v\u1edbi 0,85), nh\u01b0ng \u0111ang c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m v\u00e0 v\u1eabn t\u1ed1t h\u01a1n so v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7 kh\u00e1c."},{"question":"Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0o s\u1ebd c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu SSG v\u00e0o n\u0103m 2025?","answer":"N\u0103m y\u1ebfu t\u1ed1 c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu SSG v\u00e0o n\u0103m 2025: (1) Ph\u1ee5c h\u1ed3i th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n - \u0111\u00e3 ghi nh\u1eadn 28.560 giao d\u1ecbch trong Q1\/2025 (+18,5% so v\u1edbi c\u00f9ng k\u1ef3), v\u1edbi Vinhomes ra m\u1eaft 3 d\u1ef1 \u00e1n l\u1edbn (125.000 t\u1ef7 VND) v\u00e0 s\u1ed1 l\u01b0\u1ee3ng d\u1ef1 \u00e1n \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p t\u0103ng 45,2%; \u0111\u00e2y l\u00e0 \u0111\u1ed9ng l\u1ef1c m\u1ea1nh nh\u1ea5t v\u00ec 65% doanh thu c\u1ee7a SSG \u0111\u1ebfn t\u1eeb th\u00e9p x\u00e2y d\u1ef1ng; (2) Ti\u1ebfn \u0111\u1ed9 gi\u1ea3i ng\u00e2n \u0111\u1ea7u t\u01b0 c\u00f4ng - Q1\/2025 \u0111\u1ea1t 124.850 t\u1ef7 VND (+12,5% so v\u1edbi c\u00f9ng k\u1ef3), v\u1edbi SSG \u0111\u00e3 k\u00fd h\u1ee3p \u0111\u1ed3ng cung c\u1ea5p th\u00e9p cho 2 d\u1ef1 \u00e1n \u0111\u01b0\u1eddng cao t\u1ed1c tr\u1ecb gi\u00e1 1.250 t\u1ef7 VND; (3) Hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t m\u1edbi - c\u00f4ng su\u1ea5t t\u0103ng 58,8% l\u00ean 1.350.000 t\u1ea5n\/n\u0103m, \u0111\u00e3 \u0111\u1ea1t 85% c\u00f4ng su\u1ea5t trong Q1\/2025, s\u1edbm h\u01a1n k\u1ebf ho\u1ea1ch 3 th\u00e1ng; (4) Chi\u1ebfn l\u01b0\u1ee3c s\u1ea3n ph\u1ea9m cao c\u1ea5p - t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn cao (>15%) \u0111\u00e3 t\u0103ng t\u1eeb 18% l\u00ean 35% v\u00e0 d\u1ef1 ki\u1ebfn \u0111\u1ea1t 40% v\u00e0o cu\u1ed1i n\u0103m 2025; (5) Bi\u1ebfn \u0111\u1ed9ng nguy\u00ean li\u1ec7u \u0111\u1ea7u v\u00e0o - d\u1ef1 b\u00e1o t\u0103ng 5-8% trong n\u1eeda cu\u1ed1i n\u0103m 2025 do nhu c\u1ea7u t\u1eeb Trung Qu\u1ed1c, nh\u01b0ng SSG \u0111\u00e3 d\u1ef1 tr\u1eef nguy\u00ean li\u1ec7u \u0111\u1ee7 cho 3-4 th\u00e1ng s\u1ea3n xu\u1ea5t. Trong s\u1ed1 5 y\u1ebfu t\u1ed1 n\u00e0y, ph\u1ee5c h\u1ed3i b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 hi\u1ec7u qu\u1ea3 d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t m\u1edbi l\u00e0 hai y\u1ebfu t\u1ed1 t\u00edch c\u1ef1c nh\u1ea5t, c\u00f3 th\u1ec3 \u0111\u1ea9y gi\u00e1 c\u1ed5 phi\u1ebfu h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau 20.500-21.200 VND (+10-13%) trong Q2-3\/2025."},{"question":"So s\u00e1nh c\u1ed5 phi\u1ebfu SSG v\u1edbi c\u00e1c c\u00f4ng ty kh\u00e1c trong c\u00f9ng ng\u00e0nh, nh\u1eefng \u0111i\u1ec3m m\u1ea1nh v\u00e0 \u0111i\u1ec3m y\u1ebfu l\u00e0 g\u00ec?","answer":"So s\u00e1nh SSG v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh (HPG, HSG, NKG, TLH), 5 \u0111i\u1ec3m m\u1ea1nh n\u1ed5i b\u1eadt: (1) \u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn nh\u1ea5t - P\/E 7.02 v\u00e0 P\/B 0.86, th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh 15% v\u00e0 31%, ch\u1ec9 c\u00f3 TLH c\u00f3 P\/E th\u1ea5p h\u01a1n (6.95) nh\u01b0ng v\u1edbi hi\u1ec7u su\u1ea5t k\u00e9m h\u01a1n; (2) Kh\u1ea3 n\u0103ng sinh l\u1eddi cao - ROE 12.6% v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p 13.8%, ch\u1ec9 th\u1ea5p h\u01a1n HPG nh\u01b0ng cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi HSG, NKG, TLH v\u00e0 trung b\u00ecnh ng\u00e0nh; (3) Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c t\u1ed1t nh\u1ea5t - 10% ti\u1ec1n m\u1eb7t v\u00e0o n\u0103m 2024 (l\u1ee3i su\u1ea5t 5.3%), cao h\u01a1n nhi\u1ec1u so v\u1edbi HPG (5%) v\u00e0 c\u00e1c \u0111\u1ed1i th\u1ee7 kh\u00e1c kh\u00f4ng tr\u1ea3 c\u1ed5 t\u1ee9c; (4) C\u01a1 c\u1ea5u s\u1ea3n ph\u1ea9m t\u1ed1i \u01b0u - t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m cao c\u1ea5p 35%, ch\u1ec9 \u0111\u1ee9ng sau HPG (42%) v\u00e0 cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi HSG (28%), NKG (22%), TLH (18%); (5) Chu k\u1ef3 \u0111\u1ea7u t\u01b0-thu ho\u1ea1ch l\u00fd t\u01b0\u1edfng - ho\u00e0n th\u00e0nh m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t (+58.8%) v\u00e0o th\u1eddi \u0111i\u1ec3m ho\u00e0n h\u1ea3o khi th\u1ecb tr\u01b0\u1eddng \u0111ang ph\u1ee5c h\u1ed3i, trong khi nhi\u1ec1u \u0111\u1ed1i th\u1ee7 v\u1eabn \u0111ang \u0111\u1ea7u t\u01b0. Ba \u0111i\u1ec3m y\u1ebfu ch\u00ednh: (1) Quy m\u00f4 nh\u1ecf - v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng 5,890 t\u1ef7 VND v\u00e0 c\u00f4ng su\u1ea5t 1,350,000 t\u1ea5n\/n\u0103m, ch\u1ec9 b\u1eb1ng 4.7% v\u00e0 15.9% so v\u1edbi HPG, g\u00e2y b\u1ea5t l\u1ee3i trong kinh t\u1ebf quy m\u00f4; (2) \u0110\u00f2n b\u1ea9y t\u00e0i ch\u00ednh cao - T\u1ef7 l\u1ec7 N\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu 1.38 cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi HPG (0.85) m\u1eb7c d\u00f9 t\u1ed1t h\u01a1n c\u00e1c \u0111\u1ed1i th\u1ee7 kh\u00e1c; (3) T\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn r\u00f2ng n\u0103m 2024 (61.2%) th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh (105.2%), HPG (175.8%) v\u00e0 NKG (125.4%), ch\u1ee7 y\u1ebfu v\u00ec SSG \u0111\u00e3 b\u1eaft \u0111\u1ea7u ph\u1ee5c h\u1ed3i s\u1edbm h\u01a1n t\u1eeb n\u0103m 2023. Nh\u00ecn chung, SSG \u0111ang \u1edf v\u1ecb th\u1ebf c\u1ea1nh tranh kh\u00e1 t\u1ed1t trong ph\u00e2n kh\u00fac doanh nghi\u1ec7p th\u00e9p t\u1ea7m trung, v\u1edbi l\u1ee3i th\u1ebf v\u1ec1 \u0111\u1ecbnh gi\u00e1 v\u00e0 hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng."},{"question":"Chi\u1ebfn l\u01b0\u1ee3c n\u00e0o ph\u00f9 h\u1ee3p nh\u1ea5t \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu SSG trong giai \u0111o\u1ea1n hi\u1ec7n t\u1ea1i?","answer":"D\u1ef1a tr\u00ean ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n v\u00e0o cu\u1ed1i th\u00e1ng 4 n\u0103m 2025, 3 chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u cho c\u00e1c nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c nhau: (1) \u0110\u1ea7u t\u01b0 d\u00e0i h\u1ea1n (>12 th\u00e1ng): Chi\u1ebfn l\u01b0\u1ee3c \"T\u00edch l\u0169y theo giai \u0111o\u1ea1n\" - ph\u00e2n b\u1ed5 v\u1ed1n th\u00e0nh 3 giai \u0111o\u1ea1n: 40% t\u1ea1i v\u00f9ng 16,800-17,500 VND (h\u1ed7 tr\u1ee3 MA50 v\u00e0 Fibonacci 38.2%), 30% n\u1ebfu c\u00f3 \u0111i\u1ec1u ch\u1ec9nh th\u00eam 5%, v\u00e0 30% khi xu h\u01b0\u1edbng t\u0103ng \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn l\u1ea1i. M\u1ee5c ti\u00eau 22,000-23,500 VND trong 12-18 th\u00e1ng (+17-25%), c\u1eaft l\u1ed7 n\u1ebfu ph\u00e1 v\u1ee1 MA200 (15,200 VND). Ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5-7% danh m\u1ee5c v\u00e0 th\u1ef1c hi\u1ec7n t\u1eeb th\u00e1ng 5-6 n\u0103m 2025. (2) \u0110\u1ea7u t\u01b0 trung h\u1ea1n (3-6 th\u00e1ng): Chi\u1ebfn l\u01b0\u1ee3c \"Mua khi x\u00e1c nh\u1eadn xu h\u01b0\u1edbng\" - v\u00e0o l\u1ec7nh t\u1ea1i v\u00f9ng 17,500-18,200 VND khi gi\u00e1 ki\u1ec3m tra l\u1ea1i k\u00eanh gi\u00e1 t\u1eeb th\u00e1ng 9 n\u0103m 2024 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng >30% so v\u1edbi trung b\u00ecnh 20 ng\u00e0y. M\u1ee5c ti\u00eau 20,500-21,200 VND (+15-20%), c\u1eaft l\u1ed7 d\u01b0\u1edbi 17,000 VND. Ch\u1ed1t l\u1eddi t\u1eebng ph\u1ea7n: 30% t\u1ea1i +10%, 40% t\u1ea1i +15%, gi\u1eef 30% v\u1edbi c\u1eaft l\u1ed7 \u0111\u1ed9ng 8%. (3) Chi\u1ebfn l\u01b0\u1ee3c k\u1ebft h\u1ee3p \"C\u1ed5 t\u1ee9c + T\u0103ng gi\u00e1\": Ph\u00f9 h\u1ee3p cho nh\u00e0 \u0111\u1ea7u t\u01b0 \u01b0a th\u00edch thu nh\u1eadp \u1ed5n \u0111\u1ecbnh - mua theo ph\u01b0\u01a1ng ph\u00e1p DCA (trung b\u00ecnh gi\u00e1) trong kho\u1ea3ng 16,500-18,500 VND, chia th\u00e0nh 4 giai \u0111o\u1ea1n m\u1ed7i qu\u00fd. K\u1ebft h\u1ee3p c\u1ed5 t\u1ee9c 10% (l\u1ee3i su\u1ea5t 5.3%) v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 10-15%\/n\u0103m, mang l\u1ea1i t\u1ed5ng l\u1ee3i nhu\u1eadn 15-20%\/n\u0103m trong 2-3 n\u0103m t\u1edbi. \u0110\u1eb7c bi\u1ec7t l\u01b0u \u00fd quy t\u1eafc \"3K\" khi giao d\u1ecbch SSG: (1) K\u1ebft h\u1ee3p c\u1ea3 ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt; (2) Kh\u00f4ng d\u1ed3n to\u00e0n b\u1ed9 v\u1ed1n v\u00e0o m\u1ed9t m\u1ee9c gi\u00e1; (3) Lu\u00f4n \u00e1p d\u1ee5ng c\u1eaft l\u1ed7 \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro. Chi\u1ebfn l\u01b0\u1ee3c (1) v\u00e0 (3) \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 ph\u00f9 h\u1ee3p nh\u1ea5t trong giai \u0111o\u1ea1n hi\u1ec7n t\u1ea1i khi th\u1ecb tr\u01b0\u1eddng \u0111ang trong xu h\u01b0\u1edbng trung h\u1ea1n t\u00edch c\u1ef1c."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"C\u1ed5 phi\u1ebfu SSG c\u00f3 ph\u1ea3i l\u00e0 l\u1ef1a ch\u1ecdn t\u1ed1t cho \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n kh\u00f4ng?","answer":"C\u1ed5 phi\u1ebfu SSG c\u00f3 ti\u1ec1m n\u0103ng t\u1ed1t cho \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n trong giai \u0111o\u1ea1n 2025-2027 d\u1ef1a tr\u00ean 5 y\u1ebfu t\u1ed1 quan tr\u1ecdng: (1) \u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn v\u1edbi P\/E l\u00e0 7.02 v\u00e0 P\/B l\u00e0 0.86, th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh l\u1ea7n l\u01b0\u1ee3t 15% v\u00e0 31%, t\u1ea1o ra bi\u00ean \u0111\u1ed9 an to\u00e0n l\u1edbn; (2) C\u00f4ng ty \u0111\u00e3 ho\u00e0n th\u00e0nh chu k\u1ef3 \u0111\u1ea7u t\u01b0 m\u1edf r\u1ed9ng t\u0103ng c\u00f4ng su\u1ea5t l\u00ean 1,350,000 t\u1ea5n\/n\u0103m (+58.8%) \u0111\u00fang l\u00fac th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n \u0111ang ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd (+18.5% giao d\u1ecbch trong Q1\/2025); (3) Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 t\u1eeb 8.5% l\u00ean 13.8% nh\u1edd chi\u1ebfn l\u01b0\u1ee3c \"Th\u00e9p Cao C\u1ea5p - Bi\u00ean L\u1ee3i Nhu\u1eadn Cao\" v\u1edbi t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m cao c\u1ea5p t\u0103ng t\u1eeb 18% l\u00ean 35%; (4) Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t h\u1ea5p d\u1eabn 10% (l\u1ee3i su\u1ea5t 5.3%), cao nh\u1ea5t trong ng\u00e0nh; (5) T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ea3i thi\u1ec7n v\u1edbi ROE t\u0103ng t\u1eeb 8.4% l\u00ean 12.6% v\u00e0 t\u1ef7 l\u1ec7 N\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m t\u1eeb 1.62 xu\u1ed1ng 1.38. Chi\u1ebfn l\u01b0\u1ee3c ph\u00f9 h\u1ee3p l\u00e0 t\u00edch l\u0169y t\u1ea1i v\u00f9ng h\u1ed7 tr\u1ee3 16,800-17,500 VND (MA50 v\u00e0 Fibonacci 38.2%), ph\u00e2n b\u1ed5 5-7% danh m\u1ee5c, v\u1edbi m\u1ee5c ti\u00eau 22,000-23,500 VND trong 12-18 th\u00e1ng (+17-25%). Tuy nhi\u00ean, c\u1ea7n l\u01b0u \u00fd r\u1ee7i ro t\u1eeb t\u00ednh chu k\u1ef3 c\u1ee7a ng\u00e0nh th\u00e9p v\u00e0 \u00e1p l\u1ef1c c\u1ea1nh tranh t\u1eeb HPG, HSG v\u00e0 th\u00e9p nh\u1eadp kh\u1ea9u."},{"question":"T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh hi\u1ec7n t\u1ea1i c\u1ee7a SSG l\u00e0 g\u00ec?","answer":"T\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh c\u1ee7a SSG \u0111ang cho th\u1ea5y xu h\u01b0\u1edbng c\u1ea3i thi\u1ec7n m\u1ea1nh m\u1ebd v\u1edbi 5 ch\u1ec9 s\u1ed1 ch\u00ednh: (1) T\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn \u1ea5n t\u01b0\u1ee3ng - L\u1ee3i nhu\u1eadn r\u00f2ng t\u0103ng 61,2% trong n\u0103m 2024 l\u00ean 685 t\u1ef7 VND v\u00e0 qu\u00fd 1\/2025 \u0111\u1ea1t 210 t\u1ef7 VND, v\u01b0\u1ee3t d\u1ef1 b\u00e1o 12,7%; (2) Hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n c\u1ea3i thi\u1ec7n - ROE t\u0103ng t\u1eeb 8,4% n\u0103m 2023 l\u00ean 12,6% n\u0103m 2024 v\u00e0 14,2% (\u01b0\u1edbc t\u00ednh cho c\u1ea3 n\u0103m 2025), cao h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh (10,7%); (3) D\u00f2ng ti\u1ec1n m\u1ea1nh - t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh t\u0103ng 80,4% l\u00ean 875 t\u1ef7 VND trong n\u0103m 2024 v\u00e0 \u0111\u1ea1t 315 t\u1ef7 VND trong qu\u00fd 1\/2025, cho th\u1ea5y ch\u1ea5t l\u01b0\u1ee3ng l\u1ee3i nhu\u1eadn cao; (4) C\u01a1 c\u1ea5u v\u1ed1n an to\u00e0n h\u01a1n - T\u1ef7 l\u1ec7 N\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu gi\u1ea3m t\u1eeb 1,62 xu\u1ed1ng 1,38, th\u1ea5p h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh (1,45 kh\u00f4ng bao g\u1ed3m HPG); (5) Qu\u1ea3n l\u00fd ho\u1ea1t \u0111\u1ed9ng hi\u1ec7u qu\u1ea3 - h\u00e0ng t\u1ed3n kho gi\u1ea3m 19,4% t\u1eeb 3.250 t\u1ef7 VND xu\u1ed1ng 2.620 t\u1ef7 VND, t\u1ef7 l\u1ec7 h\u00e0ng t\u1ed3n kho\/doanh thu gi\u1ea3m t\u1eeb 19,3% xu\u1ed1ng 14,4%. Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 t\u1eeb 8,5% n\u0103m 2023 l\u00ean 13,8% trong qu\u00fd 1\/2025 nh\u1edd t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m cao c\u1ea5p t\u0103ng (t\u1eeb 18% l\u00ean 35%) v\u00e0 t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed s\u1ea3n xu\u1ea5t (-8,5% chi ph\u00ed\/t\u1ea5n th\u00e9p trong n\u0103m 2024). \u0110i\u1ec3m duy nh\u1ea5t c\u1ea7n l\u01b0u \u00fd l\u00e0 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh v\u1eabn cao h\u01a1n HPG (1,38 so v\u1edbi 0,85), nh\u01b0ng \u0111ang c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m v\u00e0 v\u1eabn t\u1ed1t h\u01a1n so v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7 kh\u00e1c."},{"question":"Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0o s\u1ebd c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu SSG v\u00e0o n\u0103m 2025?","answer":"N\u0103m y\u1ebfu t\u1ed1 c\u00f3 t\u00e1c \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu SSG v\u00e0o n\u0103m 2025: (1) Ph\u1ee5c h\u1ed3i th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n - \u0111\u00e3 ghi nh\u1eadn 28.560 giao d\u1ecbch trong Q1\/2025 (+18,5% so v\u1edbi c\u00f9ng k\u1ef3), v\u1edbi Vinhomes ra m\u1eaft 3 d\u1ef1 \u00e1n l\u1edbn (125.000 t\u1ef7 VND) v\u00e0 s\u1ed1 l\u01b0\u1ee3ng d\u1ef1 \u00e1n \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p t\u0103ng 45,2%; \u0111\u00e2y l\u00e0 \u0111\u1ed9ng l\u1ef1c m\u1ea1nh nh\u1ea5t v\u00ec 65% doanh thu c\u1ee7a SSG \u0111\u1ebfn t\u1eeb th\u00e9p x\u00e2y d\u1ef1ng; (2) Ti\u1ebfn \u0111\u1ed9 gi\u1ea3i ng\u00e2n \u0111\u1ea7u t\u01b0 c\u00f4ng - Q1\/2025 \u0111\u1ea1t 124.850 t\u1ef7 VND (+12,5% so v\u1edbi c\u00f9ng k\u1ef3), v\u1edbi SSG \u0111\u00e3 k\u00fd h\u1ee3p \u0111\u1ed3ng cung c\u1ea5p th\u00e9p cho 2 d\u1ef1 \u00e1n \u0111\u01b0\u1eddng cao t\u1ed1c tr\u1ecb gi\u00e1 1.250 t\u1ef7 VND; (3) Hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t m\u1edbi - c\u00f4ng su\u1ea5t t\u0103ng 58,8% l\u00ean 1.350.000 t\u1ea5n\/n\u0103m, \u0111\u00e3 \u0111\u1ea1t 85% c\u00f4ng su\u1ea5t trong Q1\/2025, s\u1edbm h\u01a1n k\u1ebf ho\u1ea1ch 3 th\u00e1ng; (4) Chi\u1ebfn l\u01b0\u1ee3c s\u1ea3n ph\u1ea9m cao c\u1ea5p - t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn cao (>15%) \u0111\u00e3 t\u0103ng t\u1eeb 18% l\u00ean 35% v\u00e0 d\u1ef1 ki\u1ebfn \u0111\u1ea1t 40% v\u00e0o cu\u1ed1i n\u0103m 2025; (5) Bi\u1ebfn \u0111\u1ed9ng nguy\u00ean li\u1ec7u \u0111\u1ea7u v\u00e0o - d\u1ef1 b\u00e1o t\u0103ng 5-8% trong n\u1eeda cu\u1ed1i n\u0103m 2025 do nhu c\u1ea7u t\u1eeb Trung Qu\u1ed1c, nh\u01b0ng SSG \u0111\u00e3 d\u1ef1 tr\u1eef nguy\u00ean li\u1ec7u \u0111\u1ee7 cho 3-4 th\u00e1ng s\u1ea3n xu\u1ea5t. Trong s\u1ed1 5 y\u1ebfu t\u1ed1 n\u00e0y, ph\u1ee5c h\u1ed3i b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 hi\u1ec7u qu\u1ea3 d\u00e2y chuy\u1ec1n s\u1ea3n xu\u1ea5t m\u1edbi l\u00e0 hai y\u1ebfu t\u1ed1 t\u00edch c\u1ef1c nh\u1ea5t, c\u00f3 th\u1ec3 \u0111\u1ea9y gi\u00e1 c\u1ed5 phi\u1ebfu h\u01b0\u1edbng t\u1edbi m\u1ee5c ti\u00eau 20.500-21.200 VND (+10-13%) trong Q2-3\/2025."},{"question":"So s\u00e1nh c\u1ed5 phi\u1ebfu SSG v\u1edbi c\u00e1c c\u00f4ng ty kh\u00e1c trong c\u00f9ng ng\u00e0nh, nh\u1eefng \u0111i\u1ec3m m\u1ea1nh v\u00e0 \u0111i\u1ec3m y\u1ebfu l\u00e0 g\u00ec?","answer":"So s\u00e1nh SSG v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh (HPG, HSG, NKG, TLH), 5 \u0111i\u1ec3m m\u1ea1nh n\u1ed5i b\u1eadt: (1) \u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn nh\u1ea5t - P\/E 7.02 v\u00e0 P\/B 0.86, th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh 15% v\u00e0 31%, ch\u1ec9 c\u00f3 TLH c\u00f3 P\/E th\u1ea5p h\u01a1n (6.95) nh\u01b0ng v\u1edbi hi\u1ec7u su\u1ea5t k\u00e9m h\u01a1n; (2) Kh\u1ea3 n\u0103ng sinh l\u1eddi cao - ROE 12.6% v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p 13.8%, ch\u1ec9 th\u1ea5p h\u01a1n HPG nh\u01b0ng cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi HSG, NKG, TLH v\u00e0 trung b\u00ecnh ng\u00e0nh; (3) Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c t\u1ed1t nh\u1ea5t - 10% ti\u1ec1n m\u1eb7t v\u00e0o n\u0103m 2024 (l\u1ee3i su\u1ea5t 5.3%), cao h\u01a1n nhi\u1ec1u so v\u1edbi HPG (5%) v\u00e0 c\u00e1c \u0111\u1ed1i th\u1ee7 kh\u00e1c kh\u00f4ng tr\u1ea3 c\u1ed5 t\u1ee9c; (4) C\u01a1 c\u1ea5u s\u1ea3n ph\u1ea9m t\u1ed1i \u01b0u - t\u1ef7 l\u1ec7 s\u1ea3n ph\u1ea9m cao c\u1ea5p 35%, ch\u1ec9 \u0111\u1ee9ng sau HPG (42%) v\u00e0 cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi HSG (28%), NKG (22%), TLH (18%); (5) Chu k\u1ef3 \u0111\u1ea7u t\u01b0-thu ho\u1ea1ch l\u00fd t\u01b0\u1edfng - ho\u00e0n th\u00e0nh m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t (+58.8%) v\u00e0o th\u1eddi \u0111i\u1ec3m ho\u00e0n h\u1ea3o khi th\u1ecb tr\u01b0\u1eddng \u0111ang ph\u1ee5c h\u1ed3i, trong khi nhi\u1ec1u \u0111\u1ed1i th\u1ee7 v\u1eabn \u0111ang \u0111\u1ea7u t\u01b0. Ba \u0111i\u1ec3m y\u1ebfu ch\u00ednh: (1) Quy m\u00f4 nh\u1ecf - v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng 5,890 t\u1ef7 VND v\u00e0 c\u00f4ng su\u1ea5t 1,350,000 t\u1ea5n\/n\u0103m, ch\u1ec9 b\u1eb1ng 4.7% v\u00e0 15.9% so v\u1edbi HPG, g\u00e2y b\u1ea5t l\u1ee3i trong kinh t\u1ebf quy m\u00f4; (2) \u0110\u00f2n b\u1ea9y t\u00e0i ch\u00ednh cao - T\u1ef7 l\u1ec7 N\u1ee3\/V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu 1.38 cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi HPG (0.85) m\u1eb7c d\u00f9 t\u1ed1t h\u01a1n c\u00e1c \u0111\u1ed1i th\u1ee7 kh\u00e1c; (3) T\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn r\u00f2ng n\u0103m 2024 (61.2%) th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh (105.2%), HPG (175.8%) v\u00e0 NKG (125.4%), ch\u1ee7 y\u1ebfu v\u00ec SSG \u0111\u00e3 b\u1eaft \u0111\u1ea7u ph\u1ee5c h\u1ed3i s\u1edbm h\u01a1n t\u1eeb n\u0103m 2023. Nh\u00ecn chung, SSG \u0111ang \u1edf v\u1ecb th\u1ebf c\u1ea1nh tranh kh\u00e1 t\u1ed1t trong ph\u00e2n kh\u00fac doanh nghi\u1ec7p th\u00e9p t\u1ea7m trung, v\u1edbi l\u1ee3i th\u1ebf v\u1ec1 \u0111\u1ecbnh gi\u00e1 v\u00e0 hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng."},{"question":"Chi\u1ebfn l\u01b0\u1ee3c n\u00e0o ph\u00f9 h\u1ee3p nh\u1ea5t \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu SSG trong giai \u0111o\u1ea1n hi\u1ec7n t\u1ea1i?","answer":"D\u1ef1a tr\u00ean ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n v\u00e0o cu\u1ed1i th\u00e1ng 4 n\u0103m 2025, 3 chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u cho c\u00e1c nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c nhau: (1) \u0110\u1ea7u t\u01b0 d\u00e0i h\u1ea1n (>12 th\u00e1ng): Chi\u1ebfn l\u01b0\u1ee3c \"T\u00edch l\u0169y theo giai \u0111o\u1ea1n\" - ph\u00e2n b\u1ed5 v\u1ed1n th\u00e0nh 3 giai \u0111o\u1ea1n: 40% t\u1ea1i v\u00f9ng 16,800-17,500 VND (h\u1ed7 tr\u1ee3 MA50 v\u00e0 Fibonacci 38.2%), 30% n\u1ebfu c\u00f3 \u0111i\u1ec1u ch\u1ec9nh th\u00eam 5%, v\u00e0 30% khi xu h\u01b0\u1edbng t\u0103ng \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn l\u1ea1i. M\u1ee5c ti\u00eau 22,000-23,500 VND trong 12-18 th\u00e1ng (+17-25%), c\u1eaft l\u1ed7 n\u1ebfu ph\u00e1 v\u1ee1 MA200 (15,200 VND). Ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5-7% danh m\u1ee5c v\u00e0 th\u1ef1c hi\u1ec7n t\u1eeb th\u00e1ng 5-6 n\u0103m 2025. (2) \u0110\u1ea7u t\u01b0 trung h\u1ea1n (3-6 th\u00e1ng): Chi\u1ebfn l\u01b0\u1ee3c \"Mua khi x\u00e1c nh\u1eadn xu h\u01b0\u1edbng\" - v\u00e0o l\u1ec7nh t\u1ea1i v\u00f9ng 17,500-18,200 VND khi gi\u00e1 ki\u1ec3m tra l\u1ea1i k\u00eanh gi\u00e1 t\u1eeb th\u00e1ng 9 n\u0103m 2024 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng t\u0103ng >30% so v\u1edbi trung b\u00ecnh 20 ng\u00e0y. M\u1ee5c ti\u00eau 20,500-21,200 VND (+15-20%), c\u1eaft l\u1ed7 d\u01b0\u1edbi 17,000 VND. Ch\u1ed1t l\u1eddi t\u1eebng ph\u1ea7n: 30% t\u1ea1i +10%, 40% t\u1ea1i +15%, gi\u1eef 30% v\u1edbi c\u1eaft l\u1ed7 \u0111\u1ed9ng 8%. (3) Chi\u1ebfn l\u01b0\u1ee3c k\u1ebft h\u1ee3p \"C\u1ed5 t\u1ee9c + T\u0103ng gi\u00e1\": Ph\u00f9 h\u1ee3p cho nh\u00e0 \u0111\u1ea7u t\u01b0 \u01b0a th\u00edch thu nh\u1eadp \u1ed5n \u0111\u1ecbnh - mua theo ph\u01b0\u01a1ng ph\u00e1p DCA (trung b\u00ecnh gi\u00e1) trong kho\u1ea3ng 16,500-18,500 VND, chia th\u00e0nh 4 giai \u0111o\u1ea1n m\u1ed7i qu\u00fd. K\u1ebft h\u1ee3p c\u1ed5 t\u1ee9c 10% (l\u1ee3i su\u1ea5t 5.3%) v\u00e0 ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 10-15%\/n\u0103m, mang l\u1ea1i t\u1ed5ng l\u1ee3i nhu\u1eadn 15-20%\/n\u0103m trong 2-3 n\u0103m t\u1edbi. \u0110\u1eb7c bi\u1ec7t l\u01b0u \u00fd quy t\u1eafc \"3K\" khi giao d\u1ecbch SSG: (1) K\u1ebft h\u1ee3p c\u1ea3 ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt; (2) Kh\u00f4ng d\u1ed3n to\u00e0n b\u1ed9 v\u1ed1n v\u00e0o m\u1ed9t m\u1ee9c gi\u00e1; (3) Lu\u00f4n \u00e1p d\u1ee5ng c\u1eaft l\u1ed7 \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro. 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