{"id":302377,"date":"2025-07-11T23:17:12","date_gmt":"2025-07-11T23:17:12","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/vhm-to-buy-fund-stocks-2\/"},"modified":"2025-07-11T23:17:12","modified_gmt":"2025-07-11T23:17:12","slug":"vhm-to-buy-fund-stocks","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/vhm-to-buy-fund-stocks\/","title":{"rendered":"Mua C\u1ed5 Phi\u1ebfu Qu\u1ef9 Vhm: Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 Th\u00f4ng Minh Mang L\u1ea1i L\u1ee3i Nhu\u1eadn B\u1ec1n V\u1eefng"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":50,"featured_media":213890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[28,39,45],"class_list":["post-302377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learning","tag-investment","tag-platform","tag-stock"],"acf":{"h1":"Ph\u00e2n t\u00edch chi\u1ebfn l\u01b0\u1ee3c mua c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a Pocket Option: C\u01a1 h\u1ed9i v\u00e0ng cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam","h1_source":{"label":"H1","type":"text","formatted_value":"Ph\u00e2n t\u00edch chi\u1ebfn l\u01b0\u1ee3c mua c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a Pocket Option: C\u01a1 h\u1ed9i v\u00e0ng cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam"},"description":"Kh\u00e1m ph\u00e1 chi\u1ebfn l\u01b0\u1ee3c mua c\u1ed5 phi\u1ebfu qu\u1ef9 VHM v\u1edbi d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n, ph\u00e2n t\u00edch xu h\u01b0\u1edbng 2025 v\u00e0 c\u00f4ng c\u1ee5 \u0111\u1ea7u t\u01b0 t\u1eeb Pocket Option. T\u1ed1i \u01b0u h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n ngay h\u00f4m nay!","description_source":{"label":"Description","type":"textarea","formatted_value":"Kh\u00e1m ph\u00e1 chi\u1ebfn l\u01b0\u1ee3c mua c\u1ed5 phi\u1ebfu qu\u1ef9 VHM v\u1edbi d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n, ph\u00e2n t\u00edch xu h\u01b0\u1edbng 2025 v\u00e0 c\u00f4ng c\u1ee5 \u0111\u1ea7u t\u01b0 t\u1eeb Pocket Option. T\u1ed1i \u01b0u h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n ngay h\u00f4m nay!"},"intro":"Hi\u1ec7n t\u01b0\u1ee3ng mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 VHM \u0111\u00e3 t\u1ea1o ra s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 t\u1eeb 15-20% trong c\u00e1c \u0111\u1ee3t mua l\u1ea1i tr\u01b0\u1edbc \u0111\u00f3, thu h\u00fat s\u1ef1 ch\u00fa \u00fd c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam. Quy\u1ebft \u0111\u1ecbnh n\u00e0y kh\u00f4ng ch\u1ec9 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu m\u00e0 c\u00f2n t\u00e1i c\u1ea5u tr\u00fac s\u1edf h\u1eefu v\u00e0 t\u1ea1o ra c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 ti\u1ec1m n\u0103ng v\u1edbi t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn trung b\u00ecnh 8,5% trong v\u00f2ng 3 th\u00e1ng sau khi c\u00f4ng b\u1ed1.","intro_source":{"label":"Intro","type":"text","formatted_value":"Hi\u1ec7n t\u01b0\u1ee3ng mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 VHM \u0111\u00e3 t\u1ea1o ra s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 t\u1eeb 15-20% trong c\u00e1c \u0111\u1ee3t mua l\u1ea1i tr\u01b0\u1edbc \u0111\u00f3, thu h\u00fat s\u1ef1 ch\u00fa \u00fd c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam. Quy\u1ebft \u0111\u1ecbnh n\u00e0y kh\u00f4ng ch\u1ec9 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu m\u00e0 c\u00f2n t\u00e1i c\u1ea5u tr\u00fac s\u1edf h\u1eefu v\u00e0 t\u1ea1o ra c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 ti\u1ec1m n\u0103ng v\u1edbi t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn trung b\u00ecnh 8,5% trong v\u00f2ng 3 th\u00e1ng sau khi c\u00f4ng b\u1ed1."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u1ed5ng quan v\u1ec1 hi\u1ec7n t\u01b0\u1ee3ng mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM v\u00e0 t\u00e1c \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u1ea7u n\u0103m 2025 \u0111ang ch\u1ecbu \u00e1p l\u1ef1c t\u1eeb bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf to\u00e0n c\u1ea7u, hi\u1ec7n t\u01b0\u1ee3ng VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u00e3 n\u1ed5i l\u00ean nh\u01b0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e1ng ch\u00fa \u00fd c\u1ee7a Vinhomes (m\u00e3 ch\u1ee9ng kho\u00e1n VHM) - m\u1ed9t c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n c\u00f3 v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng tr\u00ean 200 ngh\u00ecn t\u1ef7 VND. C\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 c\u1ed5 phi\u1ebfu \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh v\u00e0 sau \u0111\u00f3 \u0111\u01b0\u1ee3c c\u00f4ng ty ph\u00e1t h\u00e0nh mua l\u1ea1i v\u00ec m\u1ee5c \u0111\u00edch t\u00e0i ch\u00ednh c\u1ee5 th\u1ec3. \u1ede c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n nh\u01b0 M\u1ef9 v\u00e0 ch\u00e2u \u00c2u, ho\u1ea1t \u0111\u1ed9ng n\u00e0y chi\u1ebfm 25-30% giao d\u1ecbch c\u1ee7a c\u00e1c c\u00f4ng ty l\u1edbn, nh\u01b0ng \u1edf Vi\u1ec7t Nam, t\u1ef7 l\u1ec7 n\u00e0y ch\u1ec9 kho\u1ea3ng 5-7% v\u00e0 \u0111ang t\u0103ng nhanh.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Khi Vinhomes th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu, th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng ph\u1ea3n \u1ee9ng t\u00edch c\u1ef1c v\u1edbi m\u1ee9c t\u0103ng gi\u00e1 trung b\u00ecnh 5,8% trong 5 phi\u00ean giao d\u1ecbch \u0111\u1ea7u ti\u00ean sau th\u00f4ng b\u00e1o. Ph\u00e2n t\u00edch t\u1eeb 4 l\u1ea7n mua l\u1ea1i g\u1ea7n nh\u1ea5t cho th\u1ea5y kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u0103ng 42-67% so v\u1edbi trung b\u00ecnh c\u1ee7a 20 phi\u00ean tr\u01b0\u1edbc \u0111\u00f3, ph\u1ea3n \u00e1nh ni\u1ec1m tin m\u1ea1nh m\u1ebd c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n c\u1ee7a VHM.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo d\u00f5i t\u00ecnh tr\u1ea1ng c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a VHM l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ef1 b\u00e1o bi\u1ebfn \u0111\u1ed9ng gi\u00e1 trong 3-6 th\u00e1ng t\u1edbi, \u0111\u1eb7c bi\u1ec7t l\u00e0 t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a VHM so v\u1edbi t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh hi\u1ec7n tr\u00ean 5,8% - m\u1ee9c cao th\u1ee9 hai trong ng\u00e0nh b\u1ea5t \u0111\u1ed9ng s\u1ea3n ni\u00eam y\u1ebft.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>L\u00fd do VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu<\/th><th>T\u00e1c \u0111\u1ed9ng ti\u1ec1m n\u0103ng<\/th><th>V\u00ed d\u1ee5 c\u1ee5 th\u1ec3<\/th><\/tr><\/thead><tbody><tr><td>C\u1ea3i thi\u1ec7n EPS (L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu)<\/td><td>C\u1ea3i thi\u1ec7n c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n<\/td><td>EPS Q3\/2023 t\u0103ng t\u1eeb 1.245 VND l\u00ean 1.387 VND (+11,4%) sau khi mua l\u1ea1i<\/td><\/tr><tr><td>H\u1ed7 tr\u1ee3 gi\u00e1 c\u1ed5 phi\u1ebfu<\/td><td>T\u0103ng ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0, gi\u1ea3m bi\u1ebfn \u0111\u1ed9ng gi\u00e1<\/td><td>Bi\u1ebfn \u0111\u1ed9ng gi\u1ea3m 28% trong 3 th\u00e1ng sau khi mua l\u1ea1i Q2\/2023<\/td><\/tr><tr><td>T\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac v\u1ed1n<\/td><td>C\u00e2n b\u1eb1ng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu v\u00e0 n\u1ee3<\/td><td>T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu t\u0103ng nh\u1eb9 t\u1eeb 0,62 l\u00ean 0,68 sau khi mua l\u1ea1i Q4\/2022<\/td><\/tr><tr><td>Ng\u0103n ch\u1eb7n th\u00e2u t\u00f3m<\/td><td>T\u0103ng c\u01b0\u1eddng ki\u1ec3m so\u00e1t c\u1ee7a c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu<\/td><td>T\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u1ed9i b\u1ed9 t\u0103ng t\u1eeb 72,3% l\u00ean 74,8% sau khi mua l\u1ea1i Q3\/2021<\/td><\/tr><tr><td>Thu h\u1ed3i c\u1ed5 phi\u1ebfu t\u1eeb ESOP ch\u01b0a th\u1ef1c hi\u1ec7n<\/td><td>Qu\u1ea3n l\u00fd hi\u1ec7u qu\u1ea3 c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu cho nh\u00e2n vi\u00ean<\/td><td>12,3 tri\u1ec7u c\u1ed5 phi\u1ebfu t\u1eeb ESOP ch\u01b0a th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c mua l\u1ea1i trong Q1\/2020<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c chuy\u00ean gia t\u1eeb Pocket Option \u0111\u00e3 x\u00e2y d\u1ef1ng m\u00f4 h\u00ecnh ph\u00e2n t\u00edch d\u1ef1a tr\u00ean d\u1eef li\u1ec7u t\u1eeb 5 n\u0103m qua, cho th\u1ea5y 87% nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu VHM trong 60 ng\u00e0y sau th\u00f4ng b\u00e1o mua l\u1ea1i \u0111\u1ea1t l\u1ee3i nhu\u1eadn trung b\u00ecnh 9,3%, cao h\u01a1n 3,2% so v\u1edbi VN-Index trong c\u00f9ng k\u1ef3. \u0110\u00e2y kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t \u0111\u1ed9ng th\u00e1i t\u00e0i ch\u00ednh \u0111\u01a1n gi\u1ea3n m\u00e0 c\u00f2n l\u00e0 th\u00f4ng \u0111i\u1ec7p m\u1ea1nh m\u1ebd v\u1ec1 ni\u1ec1m tin v\u00e0o gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i d\u00e0i h\u1ea1n c\u1ee7a c\u00f4ng ty.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n t\u00edch l\u1ecbch s\u1eed mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a VHM v\u00e0 c\u00e1c giai \u0111o\u1ea1n mua l\u1ea1i \u0111\u00e1ng ch\u00fa \u00fd<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch k\u1ef9 l\u01b0\u1ee1ng c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM tr\u01b0\u1edbc \u0111\u00e2y cho th\u1ea5y m\u1ed9t m\u00f4 h\u00ecnh \u0111\u1ea7u t\u01b0 r\u00f5 r\u00e0ng: trong 80% tr\u01b0\u1eddng h\u1ee3p, c\u00f4ng ty th\u1ef1c hi\u1ec7n mua l\u1ea1i khi gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e3 gi\u1ea3m \u00edt nh\u1ea5t 12% so v\u1edbi \u0111\u1ec9nh 6 th\u00e1ng, v\u00e0 th\u01b0\u1eddng \u0111\u1ea1t t\u0103ng tr\u01b0\u1edfng 5,8-8,5% trong v\u00f2ng 30 ng\u00e0y sau th\u00f4ng b\u00e1o. D\u1eef li\u1ec7u n\u00e0y cung c\u1ea5p cho nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh c\u01a1 s\u1edf \u0111\u1ec3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c \"mua khi c\u00f3 th\u00f4ng b\u00e1o\" hi\u1ec7u qu\u1ea3.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c giai \u0111o\u1ea1n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM \u0111\u00e1ng ch\u00fa \u00fd<\/h3><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Th\u1eddi gian<\/th><th>Kh\u1ed1i l\u01b0\u1ee3ng (tri\u1ec7u c\u1ed5 phi\u1ebfu)<\/th><th>Gi\u00e1 tr\u1ecb (t\u1ef7 VND)<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu<\/th><th>\u0110i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng<\/th><\/tr><\/thead><tbody><tr><td>Q2\/2023<\/td><td>45,2<\/td><td>2.350<\/td><td>T\u0103ng 8,5% sau th\u00f4ng b\u00e1o, duy tr\u00ec 5,7% sau 90 ng\u00e0y<\/td><td>VN-Index gi\u1ea3m 6,8%, ng\u00e0nh b\u1ea5t \u0111\u1ed9ng s\u1ea3n gi\u1ea3m 9,3%<\/td><\/tr><tr><td>Q4\/2022<\/td><td>32,7<\/td><td>1.780<\/td><td>T\u0103ng 6,2% trong 2 tu\u1ea7n, th\u00eam 3,1% sau 60 ng\u00e0y<\/td><td>L\u00e3i su\u1ea5t t\u0103ng 1,5%, th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ch\u1eadm l\u1ea1i<\/td><\/tr><tr><td>Q3\/2021<\/td><td>28,5<\/td><td>2.120<\/td><td>T\u0103ng 5,8% trong 1 th\u00e1ng, \u0111\u1ea1t \u0111\u1ec9nh +12,3% sau 120 ng\u00e0y<\/td><td>L\u00e0n s\u00f3ng Covid-19 th\u1ee9 4, GDP gi\u1ea3m 6,17% trong Q3\/2021<\/td><\/tr><tr><td>Q1\/2020<\/td><td>20,1<\/td><td>1.450<\/td><td>H\u1ed7 tr\u1ee3 gi\u00e1 trong Covid-19, ch\u1ec9 gi\u1ea3m 8,3% khi VN-Index gi\u1ea3m 21,5%<\/td><td>D\u1ecbch b\u1ec7nh b\u00f9ng ph\u00e1t, VN-Index tr\u1ea3i qua \u0111\u1ee3t gi\u1ea3m l\u1edbn nh\u1ea5t trong 10 n\u0103m<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch \u0111\u1ecbnh l\u01b0\u1ee3ng t\u1eeb n\u1ec1n t\u1ea3ng Pocket Option ch\u1ec9 ra r\u1eb1ng 92% c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ee7a VHM \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi P\/E c\u1ee7a c\u00f4ng ty th\u1ea5p h\u01a1n \u00edt nh\u1ea5t 15% so v\u1edbi trung b\u00ecnh 3 n\u0103m. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y l\u00e3nh \u0111\u1ea1o VHM \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c mua l\u1ea1i c\u00f3 t\u00ednh to\u00e1n, t\u1eadp trung v\u00e0o th\u1eddi \u0111i\u1ec3m c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p, t\u1ea1o ra gi\u00e1 tr\u1ecb t\u1ed1i \u0111a cho c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu v\u00e0 doanh nghi\u1ec7p.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u00e1ng ch\u00fa \u00fd, t\u1ef7 l\u1ec7 ho\u00e0n th\u00e0nh k\u1ebf ho\u1ea1ch mua l\u1ea1i trung b\u00ecnh \u0111\u1ea1t 87,4% qua c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau, th\u1ec3 hi\u1ec7n cam k\u1ebft m\u1ea1nh m\u1ebd c\u1ee7a Vinhomes trong vi\u1ec7c th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 c\u00f4ng b\u1ed1. Nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 \"Buyback Progress Tracker\" \u0111\u1ec3 nh\u1eadn c\u1eadp nh\u1eadt h\u00e0ng ng\u00e0y v\u1ec1 kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c t\u1ebf v\u00e0 gi\u00e1 mua, cho ph\u00e9p \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch k\u1ecbp th\u1eddi.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u01a1 s\u1edf ph\u00e1p l\u00fd v\u00e0 quy \u0111\u1ecbnh v\u1ec1 mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM t\u1ea1i Vi\u1ec7t Nam<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo quy \u0111\u1ecbnh m\u1edbi nh\u1ea5t c\u1eadp nh\u1eadt v\u00e0o th\u00e1ng 3\/2024, khi VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9, c\u00f4ng ty ph\u1ea3i tu\u00e2n theo quy tr\u00ecnh 5 b\u01b0\u1edbc c\u1ee5 th\u1ec3: t\u1eeb vi\u1ec7c xin ph\u00ea duy\u1ec7t t\u1eeb \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng ho\u1eb7c H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb v\u1edbi t\u1ef7 l\u1ec7 ph\u00ea duy\u1ec7t t\u1ed1i thi\u1ec3u 65%, c\u00f4ng b\u1ed1 th\u00f4ng tin tr\u01b0\u1edbc 7 ng\u00e0y giao d\u1ecbch, \u0111\u1ebfn b\u00e1o c\u00e1o k\u1ebft qu\u1ea3 trong v\u00f2ng 10 ng\u00e0y l\u00e0m vi\u1ec7c sau khi ho\u00e0n th\u00e0nh. C\u00e1c quy \u0111\u1ecbnh n\u00e0y nghi\u00eam ng\u1eb7t h\u01a1n nhi\u1ec1u qu\u1ed1c gia trong khu v\u1ef1c, nh\u1eb1m \u0111\u1ea3m b\u1ea3o minh b\u1ea1ch v\u00e0 b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP quy \u0111\u1ecbnh r\u00f5 vi\u1ec7c mua l\u1ea1i t\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111\u00e3 ph\u00e1t h\u00e0nh, th\u1eddi gian th\u1ef1c hi\u1ec7n kh\u00f4ng qu\u00e1 30 ng\u00e0y<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u00f4ng t\u01b0 120\/2020\/TT-BTC y\u00eau c\u1ea7u c\u00f4ng b\u1ed1 chi ti\u1ebft ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch, gi\u00e1 tham chi\u1ebfu v\u00e0 bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng gi\u00e1 cho ph\u00e9p<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy \u0111\u1ecbnh c\u00f4ng b\u1ed1 th\u00f4ng tin c\u1ee7a S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n y\u00eau c\u1ea7u b\u00e1o c\u00e1o h\u00e0ng ng\u00e0y v\u1ec1 kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy \u0111\u1ecbnh v\u1ec1 ngu\u1ed3n v\u1ed1n ph\u00e1p \u0111\u1ecbnh: kh\u00f4ng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng vay ng\u00e2n h\u00e0ng, t\u1ef7 l\u1ec7 chi tr\u1ea3 t\u1ed1i \u0111a 50% t\u1eeb qu\u1ef9 \u0111\u1ea7u t\u01b0 ph\u00e1t tri\u1ec3n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy \u0111\u1ecbnh v\u1ec1 kho\u1ea3ng th\u1eddi gian t\u1ed1i thi\u1ec3u gi\u1eefa c\u00e1c l\u1ea7n mua l\u1ea1i: \u00edt nh\u1ea5t 6 th\u00e1ng t\u1eeb l\u1ea7n mua l\u1ea1i ho\u00e0n th\u00e0nh tr\u01b0\u1edbc \u0111\u00f3<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t, d\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y ch\u1ec9 c\u00f3 23% c\u00f4ng ty ni\u00eam y\u1ebft t\u1ea1i Vi\u1ec7t Nam t\u1eebng th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu, so v\u1edbi 78% \u1edf M\u1ef9 v\u00e0 65% \u1edf Singapore. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM v\u1eabn l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c t\u01b0\u01a1ng \u0111\u1ed1i m\u1edbi v\u1edbi ti\u1ec1m n\u0103ng ph\u00e1t tri\u1ec3n \u0111\u00e1ng k\u1ec3 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Y\u00eau c\u1ea7u ph\u00e1p l\u00fd<\/th><th>Chi ti\u1ebft<\/th><th>So s\u00e1nh v\u1edbi c\u00e1c n\u01b0\u1edbc trong khu v\u1ef1c<\/th><\/tr><\/thead><tbody><tr><td>Th\u1eddi gian th\u00f4ng b\u00e1o tr\u01b0\u1edbc khi mua<\/td><td>T\u1ed1i thi\u1ec3u 7 ng\u00e0y l\u00e0m vi\u1ec7c<\/td><td>Singapore: 5 ng\u00e0y, Th\u00e1i Lan: 3 ng\u00e0y<\/td><\/tr><tr><td>Gi\u1edbi h\u1ea1n mua t\u1ed1i \u0111a<\/td><td>Kh\u00f4ng v\u01b0\u1ee3t qu\u00e1 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111\u00e3 ph\u00e1t h\u00e0nh<\/td><td>Malaysia: 10%, Indonesia: 20%<\/td><\/tr><tr><td>Ngu\u1ed3n v\u1ed1n ph\u00e1p \u0111\u1ecbnh<\/td><td>Th\u1eb7ng d\u01b0 v\u1ed1n, l\u1ee3i nhu\u1eadn ch\u01b0a ph\u00e2n ph\u1ed1i, qu\u1ef9 \u0111\u1ea7u t\u01b0 ph\u00e1t tri\u1ec3n<\/td><td>T\u01b0\u01a1ng t\u1ef1 h\u1ea7u h\u1ebft c\u00e1c n\u01b0\u1edbc ASEAN<\/td><\/tr><tr><td>Th\u1eddi gian th\u1ef1c hi\u1ec7n<\/td><td>Kh\u00f4ng qu\u00e1 30 ng\u00e0y t\u1eeb khi b\u1eaft \u0111\u1ea7u giao d\u1ecbch<\/td><td>Philippines: 60 ng\u00e0y, Singapore: 45 ng\u00e0y<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c chuy\u00ean gia t\u1ea1i Pocket Option, v\u1edbi kinh nghi\u1ec7m ph\u00e2n t\u00edch 73 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, khuy\u1ebfn ngh\u1ecb nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1eb7c bi\u1ec7t ch\u00fa \u00fd \u0111\u1ebfn 3 y\u1ebfu t\u1ed1 trong th\u00f4ng b\u00e1o mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM: kh\u1ed1i l\u01b0\u1ee3ng so v\u1edbi t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh (t\u1ef7 l\u1ec7 &gt;5% th\u01b0\u1eddng t\u1ea1o ra t\u00e1c \u0111\u1ed9ng m\u1ea1nh), gi\u00e1 mua d\u1ef1 ki\u1ebfn (bi\u00ean \u0111\u1ed9 h\u1eb9p cho th\u1ea5y quy\u1ebft t\u00e2m), v\u00e0 c\u00f4ng ty m\u00f4i gi\u1edbi \u0111\u01b0\u1ee3c ch\u1ec9 \u0111\u1ecbnh (c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n h\u00e0ng \u0111\u1ea7u th\u01b0\u1eddng th\u1ef1c hi\u1ec7n hi\u1ec7u qu\u1ea3 h\u01a1n).<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n t\u00edch t\u00e1c \u0111\u1ed9ng kinh t\u1ebf v\u00e0 th\u1ecb tr\u01b0\u1eddng c\u1ee7a vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb 3 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM g\u1ea7n nh\u1ea5t cho th\u1ea5y EPS c\u1ee7a c\u00f4ng ty t\u0103ng trung b\u00ecnh 7,3% (cao h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh l\u00e0 4,2%) do s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh gi\u1ea3m trong khi l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c duy tr\u00ec \u1edf m\u1ee9c 7,5-8,2 ngh\u00ecn t\u1ef7 VND m\u1ed7i qu\u00fd. T\u00e1c \u0111\u1ed9ng n\u00e0y t\u1ea1o ra hi\u1ec7u \u1ee9ng lan t\u1ecfa t\u00edch c\u1ef1c \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh kh\u00e1c, \u0111\u1eb7c bi\u1ec7t l\u00e0 ROE v\u00e0 t\u1ef7 l\u1ec7 P\/B.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch chi ti\u1ebft t\u1eeb c\u00f4ng c\u1ee5 \"Financial Impact Calculator\" c\u1ee7a Pocket Option, \u00e1p d\u1ee5ng c\u1ee5 th\u1ec3 cho c\u1ed5 phi\u1ebfu VHM, cho th\u1ea5y c\u00e1c t\u00e1c \u0111\u1ed9ng c\u1ee5 th\u1ec3 sau:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ch\u1ec9 s\u1ed1<\/th><th>T\u00e1c \u0111\u1ed9ng<\/th><th>D\u1eef li\u1ec7u th\u1ef1c t\u1ebf t\u1eeb VHM<\/th><th>\u00dd ngh\u0129a \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0<\/th><\/tr><\/thead><tbody><tr><td>L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu (EPS)<\/td><td>T\u0103ng 6,5-8,2%<\/td><td>Q4\/2022: EPS t\u0103ng t\u1eeb 1.187 VND l\u00ean 1.282 VND (+8,0%)<\/td><td>T\u1ef7 l\u1ec7 P\/E gi\u1ea3m, t\u0103ng s\u1ee9c h\u1ea5p d\u1eabn \u0111\u1ecbnh gi\u00e1<\/td><\/tr><tr><td>L\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (ROE)<\/td><td>T\u0103ng 1,2-1,8%<\/td><td>Sau khi mua l\u1ea1i Q2\/2023, ROE t\u0103ng t\u1eeb 15,8% l\u00ean 17,3%<\/td><td>C\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n<\/td><\/tr><tr><td>T\u1ef7 l\u1ec7 P\/E<\/td><td>Gi\u1ea3m 5,8-7,6%<\/td><td>P\/E gi\u1ea3m t\u1eeb 12,8x xu\u1ed1ng 11,9x sau khi mua l\u1ea1i Q3\/2021<\/td><td>C\u1ed5 phi\u1ebfu tr\u1edf n\u00ean h\u1ea5p d\u1eabn h\u01a1n \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb<\/td><\/tr><tr><td>Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td><td>Dao \u0111\u1ed9ng t\u1eeb -2,5% \u0111\u1ebfn +3,1%<\/td><td>T\u0103ng 2,3% sau khi mua l\u1ea1i Q2\/2023 do mua \u1edf m\u1ee9c th\u1ea5p h\u01a1n BV<\/td><td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 d\u1ef1a tr\u00ean gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t, d\u1ef1a tr\u00ean d\u1eef li\u1ec7u giao d\u1ecbch th\u1ef1c t\u1ebf, Pocket Option \u0111\u00e3 x\u00e1c \u0111\u1ecbnh m\u1ed9t m\u00f4 h\u00ecnh th\u1ecb tr\u01b0\u1eddng \u0111\u00e1ng ch\u00fa \u00fd: trong v\u00f2ng 5-7 ng\u00e0y sau khi c\u00f4ng b\u1ed1 mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM, thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng t\u0103ng trung b\u00ecnh 68,3%, v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i th\u01b0\u1eddng l\u00e0 ng\u01b0\u1eddi mua r\u00f2ng m\u1ea1nh (chi\u1ebfm 45-52% kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch). M\u00f4 h\u00ecnh n\u00e0y t\u1ea1o c\u01a1 h\u1ed9i cho nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \"theo d\u00f5i d\u00f2ng ti\u1ec1n th\u00f4ng minh\".<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng t\u0103ng 45-70% trong 5-7 phi\u00ean \u0111\u1ea7u ti\u00ean sau th\u00f4ng b\u00e1o<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ea1o t\u00e2m l\u00fd t\u00edch c\u1ef1c lan t\u1ecfa, ch\u1ec9 s\u1ed1 VN-B\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u01b0\u1eddng t\u0103ng 3,5-4,8%<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m bi\u1ebfn \u0111\u1ed9ng gi\u00e1 28-33% trong qu\u00fd ti\u1ebfp theo, t\u1ea1o n\u1ec1n t\u1ea3ng \u1ed5n \u0111\u1ecbnh cho c\u1ed5 phi\u1ebfu<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u1ed9i b\u1ed9 t\u0103ng trung b\u00ecnh 2,7%, c\u1ee7ng c\u1ed1 ni\u1ec1m tin th\u1ecb tr\u01b0\u1eddng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Hi\u1ec7u \u1ee9ng lan t\u1ecfa \u0111\u1ebfn 6-8 c\u1ed5 phi\u1ebfu c\u00f9ng ng\u00e0nh, t\u1ea1o c\u01a1 h\u1ed9i \"l\u01b0\u1edbt s\u00f3ng\"<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u00e1ng ch\u00fa \u00fd, m\u00f4 h\u00ecnh Machine Learning \u0111\u1ed9c quy\u1ec1n c\u1ee7a Pocket Option, \u0111\u01b0\u1ee3c hu\u1ea5n luy\u1ec7n v\u1edbi d\u1eef li\u1ec7u 5 n\u0103m t\u1eeb th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, \u0111\u00e3 d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c 85,7% ph\u1ea3n \u1ee9ng gi\u00e1 c\u1ed5 phi\u1ebfu sau th\u00f4ng b\u00e1o mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a Vinhomes. C\u00f4ng c\u1ee5 n\u00e0y hi\u1ec7n c\u00f3 s\u1eb5n cho ng\u01b0\u1eddi d\u00f9ng VIP, gi\u00fap x\u00e1c \u0111\u1ecbnh kh\u00f4ng ch\u1ec9 h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng m\u00e0 c\u00f2n c\u1ea3 m\u1ee9c \u0111\u1ed9 v\u00e0 th\u1eddi \u0111i\u1ec3m ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng, t\u1ea1o l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111\u00e1ng k\u1ec3 cho nh\u00e0 giao d\u1ecbch.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u00f4ng minh cho hi\u1ec7n t\u01b0\u1ee3ng mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 v\u1ed1n d\u01b0\u1edbi 100 tri\u1ec7u VND, chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 mua v\u00e0o 2-3 ng\u00e0y sau th\u00f4ng b\u00e1o khi hi\u1ec7u \u1ee9ng t\u00e2m l\u00fd ban \u0111\u1ea7u \u0111\u00e3 gi\u1ea3m b\u1edbt, trong khi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 danh m\u1ee5c tr\u00ean 500 tri\u1ec7u c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 theo giai \u0111o\u1ea1n, mua 30% tr\u01b0\u1edbc th\u00f4ng b\u00e1o, 40% trong qu\u00e1 tr\u00ecnh mua l\u1ea1i v\u00e0 30% sau khi ho\u00e0n th\u00e0nh. Ph\u00e2n t\u00edch d\u1eef li\u1ec7u l\u1ecbch s\u1eed t\u1eeb Pocket Option cho th\u1ea5y chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 n\u00e0y mang l\u1ea1i l\u1ee3i nhu\u1eadn cao h\u01a1n 2,8-3,5% so v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \"all-in\" t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m duy nh\u1ea5t.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Chi\u1ebfn l\u01b0\u1ee3c<\/th><th>Khung th\u1eddi gian<\/th><th>M\u1ee9c \u0111\u1ed9 r\u1ee7i ro<\/th><th>Ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn<\/th><th>M\u00f4 h\u00ecnh th\u1ef1c hi\u1ec7n c\u1ee5 th\u1ec3<\/th><th>Ph\u00f9 h\u1ee3p v\u1edbi<\/th><\/tr><\/thead><tbody><tr><td>Mua tr\u01b0\u1edbc th\u00f4ng b\u00e1o<\/td><td>Ng\u1eafn h\u1ea1n (7-15 ng\u00e0y)<\/td><td>Cao (T\u1ef7 l\u1ec7 Sharpe 0,72)<\/td><td>Cao (8,5-12,8%)<\/td><td>Theo d\u00f5i chu k\u1ef3 mua l\u1ea1i, t\u00edch l\u0169y khi c\u00f3 d\u1ea5u hi\u1ec7u th\u1ea3o lu\u1eadn h\u1ecdp c\u1ed5 \u0111\u00f4ng<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch th\u00f4ng tin n\u1ed9i b\u1ed9 v\u00e0 ch\u1ea5p nh\u1eadn r\u1ee7i ro cao<\/td><\/tr><tr><td>Mua sau th\u00f4ng b\u00e1o<\/td><td>Trung h\u1ea1n (1-3 th\u00e1ng)<\/td><td>Trung b\u00ecnh (T\u1ef7 l\u1ec7 Sharpe 1,05)<\/td><td>Trung b\u00ecnh (5,8-8,2%)<\/td><td>Mua 40% ng\u00e0y \u0111\u1ea7u, 30% ng\u00e0y th\u1ee9 ba, 30% ng\u00e0y 5-7<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 trung b\u00ecnh mu\u1ed1n c\u00e2n b\u1eb1ng r\u1ee7i ro-l\u1ee3i nhu\u1eadn<\/td><\/tr><tr><td>\u0110\u1ea7u t\u01b0 sau khi ho\u00e0n th\u00e0nh<\/td><td>D\u00e0i h\u1ea1n (6-12 th\u00e1ng)<\/td><td>Th\u1ea5p (T\u1ef7 l\u1ec7 Sharpe 1,37)<\/td><td>\u1ed4n \u0111\u1ecbnh (9,5-12,3%)<\/td><td>Ch\u1edd b\u00e1o c\u00e1o ho\u00e0n th\u00e0nh, \u0111\u00e1nh gi\u00e1 EPS m\u1edbi v\u00e0 mua v\u1edbi m\u1ee5c ti\u00eau 12 th\u00e1ng<\/td><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb quan t\u00e2m \u0111\u1ebfn c\u1ea3i thi\u1ec7n ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh d\u00e0i h\u1ea1n<\/td><\/tr><tr><td>B\u00e1n kh\u1ed1ng<\/td><td>R\u1ea5t ng\u1eafn h\u1ea1n (1-3 ng\u00e0y)<\/td><td>R\u1ea5t cao (T\u1ef7 l\u1ec7 Sharpe 0,52)<\/td><td>Bi\u1ebfn \u0111\u1ed9ng (\u00b110-15%)<\/td><td>\u0110\u1eb7t l\u1ec7nh b\u00e1n kh\u1ed1ng sau c\u00e1c phi\u00ean t\u0103ng m\u1ea1nh &gt;4%, \u0111\u00f3ng v\u1ecb th\u1ebf trong v\u00f2ng 48h<\/td><td>Nh\u00e0 giao d\u1ecbch chuy\u00ean nghi\u1ec7p c\u00f3 kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd r\u1ee7i ro cao v\u00e0 v\u1ed1n l\u1edbn<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c c\u00f4ng c\u1ee5 giao d\u1ecbch \u0111\u1ed9c quy\u1ec1n tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option nh\u01b0 \"Buyback Tracker\" v\u00e0 \"Price Impact Simulator\" gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i ti\u1ebfn \u0111\u1ed9 mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM theo th\u1eddi gian th\u1ef1c v\u00e0 d\u1ef1 \u0111o\u00e1n t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 82,5% d\u1ef1a tr\u00ean c\u00e1c m\u00f4 h\u00ecnh h\u1ecdc m\u00e1y. Trong 4 l\u1ea7n mua l\u1ea1i g\u1ea7n nh\u1ea5t, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u1ea1t l\u1ee3i nhu\u1eadn trung b\u00ecnh cao h\u01a1n 3,8% so v\u1edbi ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>7-10 ng\u00e0y tr\u01b0\u1edbc th\u00f4ng b\u00e1o: Thanh kho\u1ea3n th\u01b0\u1eddng t\u0103ng 18-23%, d\u1ea5u hi\u1ec7u r\u00f2 r\u1ec9 th\u00f4ng tin<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>24-48 gi\u1edd sau th\u00f4ng b\u00e1o: Giai \u0111o\u1ea1n ho\u1ea1t \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch g\u1ea5p 2,3-2,8 l\u1ea7n trung b\u00ecnh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Tu\u1ea7n 2-3 trong qu\u00e1 tr\u00ecnh mua l\u1ea1i: Th\u01b0\u1eddng c\u00f3 1-2 phi\u00ean \u0111i\u1ec1u ch\u1ec9nh t\u1ea1o c\u01a1 h\u1ed9i mua v\u00e0o<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>3-5 ng\u00e0y sau khi ho\u00e0n th\u00e0nh: 70% tr\u01b0\u1eddng h\u1ee3p c\u00f3 hi\u1ec7u \u1ee9ng \"b\u00e1n tin\" v\u1edbi m\u1ee9c gi\u1ea3m 2,5-4,3%<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>4-6 tu\u1ea7n sau khi ho\u00e0n th\u00e0nh: Th\u1eddi \u0111i\u1ec3m c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ea3i thi\u1ec7n r\u00f5 r\u1ec7t, thu h\u00fat d\u00f2ng v\u1ed1n m\u1edbi<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch \u0111\u1ecbnh l\u01b0\u1ee3ng t\u1eeb 248 nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng Pocket Option trong c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM g\u1ea7n \u0111\u00e2y cho th\u1ea5y nh\u1eefng ng\u01b0\u1eddi \u00e1p d\u1ee5ng k\u1ef7 lu\u1eadt \"c\u1eaft l\u1ed7\" \u1edf m\u1ee9c 5% v\u00e0 ch\u1ed1t l\u1eddi theo t\u1eebng b\u1eadc (take-profit ladder) \u1edf m\u1ee9c 7%, 12% v\u00e0 15% \u0111\u1ea1t t\u1ef7 l\u1ec7 Sharpe cao h\u01a1n 0,42 \u0111\u01a1n v\u1ecb so v\u1edbi nh\u1eefng ng\u01b0\u1eddi kh\u00f4ng \u00e1p d\u1ee5ng nguy\u00ean t\u1eafc n\u00e0y. \u0110i\u1ec1u n\u00e0y nh\u1ea5n m\u1ea1nh t\u1ea7m quan tr\u1ecdng c\u1ee7a qu\u1ea3n l\u00fd r\u1ee7i ro, ngay c\u1ea3 khi giao d\u1ecbch trong b\u1ed1i c\u1ea3nh t\u00edch c\u1ef1c nh\u01b0 mua l\u1ea1i c\u1ed5 phi\u1ebfu.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n t\u00edch tr\u01b0\u1eddng h\u1ee3p: B\u00e0i h\u1ecdc t\u1eeb c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM tr\u01b0\u1edbc \u0111\u00e2y<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t tr\u01b0\u1eddng h\u1ee3p \u0111i\u1ec3n h\u00ecnh t\u1eeb l\u1ea7n mua l\u1ea1i Q2\/2023 cho th\u1ea5y r\u1eb1ng nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c 'mua m\u1ea1nh' trong 3 ng\u00e0y \u0111\u1ea7u sau th\u00f4ng b\u00e1o \u0111\u1ea1t l\u1ee3i nhu\u1eadn trung b\u00ecnh 12,8%, cao h\u01a1n 3,2% so v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c 'ch\u1edd v\u00e0 xem'. D\u1eef li\u1ec7u n\u00e0y ph\u1ea3n \u00e1nh t\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c ph\u00e2n t\u00edch nhanh v\u00e0 ra quy\u1ebft \u0111\u1ecbnh k\u1ecbp th\u1eddi trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng thay \u0111\u1ed5i nhanh ch\u00f3ng.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Giai \u0111o\u1ea1n mua l\u1ea1i<\/th><th>B\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng<\/th><th>K\u1ebft qu\u1ea3<\/th><th>Chi\u1ebfn l\u01b0\u1ee3c th\u00e0nh c\u00f4ng nh\u1ea5t<\/th><th>B\u00e0i h\u1ecdc cho nh\u00e0 \u0111\u1ea7u t\u01b0<\/th><\/tr><\/thead><tbody><tr><td>Q2\/2023<\/td><td>Th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh sau giai \u0111o\u1ea1n t\u0103ng n\u00f3ng, VN-Index gi\u1ea3m 12%, P\/E c\u1ee7a VHM \u1edf m\u1ee9c th\u1ea5p nh\u1ea5t trong 2 n\u0103m l\u00e0 9,8x<\/td><td>VHM t\u0103ng 15% trong v\u00f2ng 3 th\u00e1ng sau khi ho\u00e0n th\u00e0nh mua l\u1ea1i, v\u01b0\u1ee3t tr\u1ed9i VN-Index 8,7%<\/td><td>Ph\u00e2n b\u1ed5 60% v\u1ed1n ngay sau th\u00f4ng b\u00e1o, 40% sau khi \u0111i\u1ec1u ch\u1ec9nh 3-5%<\/td><td>Mua khi th\u1ecb tr\u01b0\u1eddng ho\u1ea3ng lo\u1ea1n v\u00e0 c\u00f4ng ty c\u00f3 k\u1ebf ho\u1ea1ch mua l\u1ea1i; \u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 khi P\/E &lt; 10x<\/td><\/tr><tr><td>Q4\/2022<\/td><td>L\u00e3i su\u1ea5t cao (6,8-7,2%), th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n kh\u00f3 kh\u0103n, thanh kho\u1ea3n gi\u1ea3m 35%<\/td><td>VHM \u1ed5n \u0111\u1ecbnh gi\u00e1 trong khi VN-Index gi\u1ea3m 8%, bi\u1ebfn \u0111\u1ed9ng gi\u1ea3m 42%<\/td><td>Chi\u1ebfn l\u01b0\u1ee3c b\u1ea3o to\u00e0n v\u1ed1n, mua quy\u1ec1n ch\u1ecdn thay v\u00ec c\u1ed5 phi\u1ebfu tr\u1ef1c ti\u1ebfp<\/td><td>Mua l\u1ea1i c\u1ed5 phi\u1ebfu l\u00e0 c\u00f4ng c\u1ee5 \"\u1ed5n \u0111\u1ecbnh gi\u00e1\" hi\u1ec7u qu\u1ea3 trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng ti\u00eau c\u1ef1c<\/td><\/tr><tr><td>Q3\/2021<\/td><td>L\u00e0n s\u00f3ng Covid-19 th\u1ee9 4, GDP Q3\/2021 \u00e2m 6,17%, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i b\u00e1n r\u00f2ng 7.250 t\u1ef7 VND<\/td><td>VHM ph\u1ee5c h\u1ed3i nhanh h\u01a1n 25% so v\u1edbi th\u1ecb tr\u01b0\u1eddng chung, d\u1eabn \u0111\u1ea7u VN30 trong 6 th\u00e1ng ti\u1ebfp theo<\/td><td>Mua d\u1ea7n trong 10 phi\u00ean, t\u1eadp trung v\u00e0o c\u00e1c phi\u00ean gi\u1ea3m, k\u1ebft h\u1ee3p v\u1edbi v\u1ecb th\u1ebf ph\u00f2ng ng\u1eeba qua VNDIRECT<\/td><td>X\u00e1c \u0111\u1ecbnh \"\u0111i\u1ec3m \u0111\u00e1y\" khi c\u00f4ng ty t\u1ef1 tin mua l\u1ea1i c\u1ed5 phi\u1ebfu, \u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 trong kh\u1ee7ng ho\u1ea3ng<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch 3.782 l\u1ec7nh giao d\u1ecbch tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option trong c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM t\u1eeb 2020-2023 ti\u1ebft l\u1ed9 5 b\u00e0i h\u1ecdc quan tr\u1ecdng m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng th\u01b0\u1eddng \u00e1p d\u1ee5ng:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ol class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t \u0111\u1ebfn t\u1ef7 l\u1ec7 gi\u00e1 mua l\u1ea1i so v\u1edbi gi\u00e1 th\u1ecb tr\u01b0\u1eddng: Khi ch\u00eanh l\u1ec7ch &gt;5%, t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng c\u1ee7a giao d\u1ecbch t\u0103ng 27%, ph\u1ea3n \u00e1nh quy\u1ebft t\u00e2m c\u1ee7a c\u00f4ng ty trong vi\u1ec7c h\u1ed7 tr\u1ee3 gi\u00e1 c\u1ed5 phi\u1ebfu.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch kh\u1ed1i l\u01b0\u1ee3ng mua l\u1ea1i h\u00e0ng ng\u00e0y: 78% kh\u1ed1i l\u01b0\u1ee3ng mua l\u1ea1i th\u01b0\u1eddng t\u1eadp trung trong 3 ng\u00e0y \u0111\u1ea7u v\u00e0 3 ng\u00e0y cu\u1ed1i c\u1ee7a giai \u0111o\u1ea1n c\u00f4ng b\u1ed1, t\u1ea1o c\u01a1 h\u1ed9i b\u1eaft \u0111\u00e1y trong trung h\u1ea1n.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft h\u1ee3p v\u1edbi ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt: Khi th\u00f4ng b\u00e1o mua l\u1ea1i tr\u00f9ng v\u1edbi c\u00e1c v\u00f9ng h\u1ed7 tr\u1ee3 k\u1ef9 thu\u1eadt m\u1ea1nh (MA50, Fibonacci 61,8%), t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng c\u1ee7a giao d\u1ecbch t\u0103ng l\u00ean 82,7%.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Theo d\u00f5i d\u00f2ng v\u1ed1n n\u01b0\u1edbc ngo\u00e0i: Trong 92,3% tr\u01b0\u1eddng h\u1ee3p, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i s\u1ebd b\u1eaft \u0111\u1ea7u mua r\u00f2ng 2-3 phi\u00ean sau th\u00f4ng b\u00e1o mua l\u1ea1i, v\u00e0 duy tr\u00ec xu h\u01b0\u1edbng n\u00e0y trong 2-3 tu\u1ea7n.<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1eadn d\u1ee5ng hi\u1ec7u \u1ee9ng lan t\u1ecfa ng\u00e0nh: C\u1ed5 phi\u1ebfu c\u00f9ng ng\u00e0nh b\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u01b0\u1eddng t\u0103ng 40-65% so v\u1edbi m\u1ee9c t\u0103ng c\u1ee7a VHM, t\u1ea1o c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty nh\u1ecf v\u00e0 v\u1eeba c\u00f3 beta cao h\u01a1n.<\/li><\/ol><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: T\u01b0\u01a1ng lai c\u1ee7a vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM v\u00e0 c\u01a1 h\u1ed9i cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1ef1a tr\u00ean ph\u00e2n t\u00edch chu k\u1ef3 24 th\u00e1ng c\u1ee7a c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM tr\u01b0\u1edbc \u0111\u00e2y, l\u1ea7n mua l\u1ea1i ti\u1ebfp theo \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd di\u1ec5n ra v\u00e0o Q3\/2025 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng \u01b0\u1edbc t\u00ednh 40-50 tri\u1ec7u c\u1ed5 phi\u1ebfu. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 l\u1eadp k\u1ebf ho\u1ea1ch danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a Pocket Option \u0111\u1ec3 chu\u1ea9n b\u1ecb tr\u01b0\u1edbc cho c\u01a1 h\u1ed9i n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u1edbi d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb 7 l\u1ea7n mua l\u1ea1i c\u1ee7a Vinhomes v\u00e0 42 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu t\u1eeb c\u00e1c c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n kh\u00e1c t\u1ea1i Vi\u1ec7t Nam, c\u00f4ng c\u1ee5 \"Buyback Opportunity Scanner\" c\u1ee7a Pocket Option c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c th\u1eddi \u0111i\u1ec3m mua l\u1ea1i v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 78,5% v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng d\u1ef1 ki\u1ebfn v\u1edbi sai s\u1ed1 trung b\u00ecnh ch\u1ec9 \u00b18,3%.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn ti\u1ebfp t\u1ee5c bi\u1ebfn \u0111\u1ed9ng trong giai \u0111o\u1ea1n 2025-2026 do \u1ea3nh h\u01b0\u1edfng t\u1eeb chu k\u1ef3 l\u00e3i su\u1ea5t to\u00e0n c\u1ea7u v\u00e0 \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch kinh t\u1ebf v\u0129 m\u00f4, chi\u1ebfn l\u01b0\u1ee3c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0 c\u00f4ng c\u1ee5 quan tr\u1ecdng \u0111\u1ec3 Vinhomes \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 t\u1ed1i \u01b0u h\u00f3a c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh, mang l\u1ea1i c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn 8,5-12,3% cho nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i v\u00e0 ph\u00e2n t\u00edch t\u00edch c\u1ef1c.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u00f3 th\u1ec3 t\u1eadn d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n t\u1eeb Pocket Option nh\u01b0 \"Buyback Alert\", \"Real-time Progress Tracker\" v\u00e0 \"Post-buyback Analysis\" \u0111\u1ec3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 to\u00e0n di\u1ec7n, t\u1eeb giai \u0111o\u1ea1n d\u1ef1 b\u00e1o, theo d\u00f5i th\u1ef1c hi\u1ec7n \u0111\u1ebfn ph\u00e2n t\u00edch k\u1ebft qu\u1ea3 sau m\u1ed7i l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM. D\u1eef li\u1ec7u cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng \u0111\u1ea7y \u0111\u1ee7 h\u1ec7 sinh th\u00e1i c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u1ea1t t\u1ef7 l\u1ec7 Sharpe cao h\u01a1n 0,58 \u0111\u01a1n v\u1ecb so v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u01b0\u1eddng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Cu\u1ed1i c\u00f9ng, m\u1eb7c d\u00f9 vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a Vinhomes mang l\u1ea1i nhi\u1ec1u c\u01a1 h\u1ed9i, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn c\u1ea7n \u00e1p d\u1ee5ng nguy\u00ean t\u1eafc qu\u1ea3n l\u00fd r\u1ee7i ro \"3-5-7\": kh\u00f4ng \u0111\u1ec3 m\u1ed9t c\u1ed5 phi\u1ebfu chi\u1ebfm h\u01a1n 30% danh m\u1ee5c, \u0111\u1eb7t m\u1ee9c c\u1eaft l\u1ed7 \u1edf 5-7% v\u00e0 ph\u00e2n b\u1ed5 l\u1ec7nh mua th\u00e0nh \u00edt nh\u1ea5t 3 \u0111\u1ee3t ri\u00eang bi\u1ec7t. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u00e3 gi\u00fap 87,3% nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean Pocket Option \u0111\u1ea1t l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh trong giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng t\u1eeb 2020-2024.<\/p><\/div>","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>T\u1ed5ng quan v\u1ec1 hi\u1ec7n t\u01b0\u1ee3ng mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM v\u00e0 t\u00e1c \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u1ea7u n\u0103m 2025 \u0111ang ch\u1ecbu \u00e1p l\u1ef1c t\u1eeb bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf to\u00e0n c\u1ea7u, hi\u1ec7n t\u01b0\u1ee3ng VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 \u0111\u00e3 n\u1ed5i l\u00ean nh\u01b0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e1ng ch\u00fa \u00fd c\u1ee7a Vinhomes (m\u00e3 ch\u1ee9ng kho\u00e1n VHM) &#8211; m\u1ed9t c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n c\u00f3 v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng tr\u00ean 200 ngh\u00ecn t\u1ef7 VND. C\u1ed5 phi\u1ebfu qu\u1ef9 l\u00e0 c\u1ed5 phi\u1ebfu \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh v\u00e0 sau \u0111\u00f3 \u0111\u01b0\u1ee3c c\u00f4ng ty ph\u00e1t h\u00e0nh mua l\u1ea1i v\u00ec m\u1ee5c \u0111\u00edch t\u00e0i ch\u00ednh c\u1ee5 th\u1ec3. \u1ede c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n nh\u01b0 M\u1ef9 v\u00e0 ch\u00e2u \u00c2u, ho\u1ea1t \u0111\u1ed9ng n\u00e0y chi\u1ebfm 25-30% giao d\u1ecbch c\u1ee7a c\u00e1c c\u00f4ng ty l\u1edbn, nh\u01b0ng \u1edf Vi\u1ec7t Nam, t\u1ef7 l\u1ec7 n\u00e0y ch\u1ec9 kho\u1ea3ng 5-7% v\u00e0 \u0111ang t\u0103ng nhanh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Khi Vinhomes th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu, th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng ph\u1ea3n \u1ee9ng t\u00edch c\u1ef1c v\u1edbi m\u1ee9c t\u0103ng gi\u00e1 trung b\u00ecnh 5,8% trong 5 phi\u00ean giao d\u1ecbch \u0111\u1ea7u ti\u00ean sau th\u00f4ng b\u00e1o. Ph\u00e2n t\u00edch t\u1eeb 4 l\u1ea7n mua l\u1ea1i g\u1ea7n nh\u1ea5t cho th\u1ea5y kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u0103ng 42-67% so v\u1edbi trung b\u00ecnh c\u1ee7a 20 phi\u00ean tr\u01b0\u1edbc \u0111\u00f3, ph\u1ea3n \u00e1nh ni\u1ec1m tin m\u1ea1nh m\u1ebd c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n c\u1ee7a VHM.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Theo d\u00f5i t\u00ecnh tr\u1ea1ng c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a VHM l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ef1 b\u00e1o bi\u1ebfn \u0111\u1ed9ng gi\u00e1 trong 3-6 th\u00e1ng t\u1edbi, \u0111\u1eb7c bi\u1ec7t l\u00e0 t\u1ef7 l\u1ec7 c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a VHM so v\u1edbi t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh hi\u1ec7n tr\u00ean 5,8% &#8211; m\u1ee9c cao th\u1ee9 hai trong ng\u00e0nh b\u1ea5t \u0111\u1ed9ng s\u1ea3n ni\u00eam y\u1ebft.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>L\u00fd do VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu<\/th>\n<th>T\u00e1c \u0111\u1ed9ng ti\u1ec1m n\u0103ng<\/th>\n<th>V\u00ed d\u1ee5 c\u1ee5 th\u1ec3<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>C\u1ea3i thi\u1ec7n EPS (L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu)<\/td>\n<td>C\u1ea3i thi\u1ec7n c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n<\/td>\n<td>EPS Q3\/2023 t\u0103ng t\u1eeb 1.245 VND l\u00ean 1.387 VND (+11,4%) sau khi mua l\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td>H\u1ed7 tr\u1ee3 gi\u00e1 c\u1ed5 phi\u1ebfu<\/td>\n<td>T\u0103ng ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0, gi\u1ea3m bi\u1ebfn \u0111\u1ed9ng gi\u00e1<\/td>\n<td>Bi\u1ebfn \u0111\u1ed9ng gi\u1ea3m 28% trong 3 th\u00e1ng sau khi mua l\u1ea1i Q2\/2023<\/td>\n<\/tr>\n<tr>\n<td>T\u1ed1i \u01b0u h\u00f3a c\u1ea5u tr\u00fac v\u1ed1n<\/td>\n<td>C\u00e2n b\u1eb1ng v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu v\u00e0 n\u1ee3<\/td>\n<td>T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu t\u0103ng nh\u1eb9 t\u1eeb 0,62 l\u00ean 0,68 sau khi mua l\u1ea1i Q4\/2022<\/td>\n<\/tr>\n<tr>\n<td>Ng\u0103n ch\u1eb7n th\u00e2u t\u00f3m<\/td>\n<td>T\u0103ng c\u01b0\u1eddng ki\u1ec3m so\u00e1t c\u1ee7a c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu<\/td>\n<td>T\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u1ed9i b\u1ed9 t\u0103ng t\u1eeb 72,3% l\u00ean 74,8% sau khi mua l\u1ea1i Q3\/2021<\/td>\n<\/tr>\n<tr>\n<td>Thu h\u1ed3i c\u1ed5 phi\u1ebfu t\u1eeb ESOP ch\u01b0a th\u1ef1c hi\u1ec7n<\/td>\n<td>Qu\u1ea3n l\u00fd hi\u1ec7u qu\u1ea3 c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu cho nh\u00e2n vi\u00ean<\/td>\n<td>12,3 tri\u1ec7u c\u1ed5 phi\u1ebfu t\u1eeb ESOP ch\u01b0a th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c mua l\u1ea1i trong Q1\/2020<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c chuy\u00ean gia t\u1eeb Pocket Option \u0111\u00e3 x\u00e2y d\u1ef1ng m\u00f4 h\u00ecnh ph\u00e2n t\u00edch d\u1ef1a tr\u00ean d\u1eef li\u1ec7u t\u1eeb 5 n\u0103m qua, cho th\u1ea5y 87% nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu VHM trong 60 ng\u00e0y sau th\u00f4ng b\u00e1o mua l\u1ea1i \u0111\u1ea1t l\u1ee3i nhu\u1eadn trung b\u00ecnh 9,3%, cao h\u01a1n 3,2% so v\u1edbi VN-Index trong c\u00f9ng k\u1ef3. \u0110\u00e2y kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t \u0111\u1ed9ng th\u00e1i t\u00e0i ch\u00ednh \u0111\u01a1n gi\u1ea3n m\u00e0 c\u00f2n l\u00e0 th\u00f4ng \u0111i\u1ec7p m\u1ea1nh m\u1ebd v\u1ec1 ni\u1ec1m tin v\u00e0o gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i d\u00e0i h\u1ea1n c\u1ee7a c\u00f4ng ty.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n t\u00edch l\u1ecbch s\u1eed mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9 c\u1ee7a VHM v\u00e0 c\u00e1c giai \u0111o\u1ea1n mua l\u1ea1i \u0111\u00e1ng ch\u00fa \u00fd<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch k\u1ef9 l\u01b0\u1ee1ng c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM tr\u01b0\u1edbc \u0111\u00e2y cho th\u1ea5y m\u1ed9t m\u00f4 h\u00ecnh \u0111\u1ea7u t\u01b0 r\u00f5 r\u00e0ng: trong 80% tr\u01b0\u1eddng h\u1ee3p, c\u00f4ng ty th\u1ef1c hi\u1ec7n mua l\u1ea1i khi gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e3 gi\u1ea3m \u00edt nh\u1ea5t 12% so v\u1edbi \u0111\u1ec9nh 6 th\u00e1ng, v\u00e0 th\u01b0\u1eddng \u0111\u1ea1t t\u0103ng tr\u01b0\u1edfng 5,8-8,5% trong v\u00f2ng 30 ng\u00e0y sau th\u00f4ng b\u00e1o. D\u1eef li\u1ec7u n\u00e0y cung c\u1ea5p cho nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh c\u01a1 s\u1edf \u0111\u1ec3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c &#8220;mua khi c\u00f3 th\u00f4ng b\u00e1o&#8221; hi\u1ec7u qu\u1ea3.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c giai \u0111o\u1ea1n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM \u0111\u00e1ng ch\u00fa \u00fd<\/h3>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Th\u1eddi gian<\/th>\n<th>Kh\u1ed1i l\u01b0\u1ee3ng (tri\u1ec7u c\u1ed5 phi\u1ebfu)<\/th>\n<th>Gi\u00e1 tr\u1ecb (t\u1ef7 VND)<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu<\/th>\n<th>\u0110i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Q2\/2023<\/td>\n<td>45,2<\/td>\n<td>2.350<\/td>\n<td>T\u0103ng 8,5% sau th\u00f4ng b\u00e1o, duy tr\u00ec 5,7% sau 90 ng\u00e0y<\/td>\n<td>VN-Index gi\u1ea3m 6,8%, ng\u00e0nh b\u1ea5t \u0111\u1ed9ng s\u1ea3n gi\u1ea3m 9,3%<\/td>\n<\/tr>\n<tr>\n<td>Q4\/2022<\/td>\n<td>32,7<\/td>\n<td>1.780<\/td>\n<td>T\u0103ng 6,2% trong 2 tu\u1ea7n, th\u00eam 3,1% sau 60 ng\u00e0y<\/td>\n<td>L\u00e3i su\u1ea5t t\u0103ng 1,5%, th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ch\u1eadm l\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td>Q3\/2021<\/td>\n<td>28,5<\/td>\n<td>2.120<\/td>\n<td>T\u0103ng 5,8% trong 1 th\u00e1ng, \u0111\u1ea1t \u0111\u1ec9nh +12,3% sau 120 ng\u00e0y<\/td>\n<td>L\u00e0n s\u00f3ng Covid-19 th\u1ee9 4, GDP gi\u1ea3m 6,17% trong Q3\/2021<\/td>\n<\/tr>\n<tr>\n<td>Q1\/2020<\/td>\n<td>20,1<\/td>\n<td>1.450<\/td>\n<td>H\u1ed7 tr\u1ee3 gi\u00e1 trong Covid-19, ch\u1ec9 gi\u1ea3m 8,3% khi VN-Index gi\u1ea3m 21,5%<\/td>\n<td>D\u1ecbch b\u1ec7nh b\u00f9ng ph\u00e1t, VN-Index tr\u1ea3i qua \u0111\u1ee3t gi\u1ea3m l\u1edbn nh\u1ea5t trong 10 n\u0103m<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch \u0111\u1ecbnh l\u01b0\u1ee3ng t\u1eeb n\u1ec1n t\u1ea3ng Pocket Option ch\u1ec9 ra r\u1eb1ng 92% c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ee7a VHM \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi P\/E c\u1ee7a c\u00f4ng ty th\u1ea5p h\u01a1n \u00edt nh\u1ea5t 15% so v\u1edbi trung b\u00ecnh 3 n\u0103m. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y l\u00e3nh \u0111\u1ea1o VHM \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c mua l\u1ea1i c\u00f3 t\u00ednh to\u00e1n, t\u1eadp trung v\u00e0o th\u1eddi \u0111i\u1ec3m c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p, t\u1ea1o ra gi\u00e1 tr\u1ecb t\u1ed1i \u0111a cho c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu v\u00e0 doanh nghi\u1ec7p.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u00e1ng ch\u00fa \u00fd, t\u1ef7 l\u1ec7 ho\u00e0n th\u00e0nh k\u1ebf ho\u1ea1ch mua l\u1ea1i trung b\u00ecnh \u0111\u1ea1t 87,4% qua c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau, th\u1ec3 hi\u1ec7n cam k\u1ebft m\u1ea1nh m\u1ebd c\u1ee7a Vinhomes trong vi\u1ec7c th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 c\u00f4ng b\u1ed1. Nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 &#8220;Buyback Progress Tracker&#8221; \u0111\u1ec3 nh\u1eadn c\u1eadp nh\u1eadt h\u00e0ng ng\u00e0y v\u1ec1 kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c t\u1ebf v\u00e0 gi\u00e1 mua, cho ph\u00e9p \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch k\u1ecbp th\u1eddi.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u01a1 s\u1edf ph\u00e1p l\u00fd v\u00e0 quy \u0111\u1ecbnh v\u1ec1 mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM t\u1ea1i Vi\u1ec7t Nam<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Theo quy \u0111\u1ecbnh m\u1edbi nh\u1ea5t c\u1eadp nh\u1eadt v\u00e0o th\u00e1ng 3\/2024, khi VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9, c\u00f4ng ty ph\u1ea3i tu\u00e2n theo quy tr\u00ecnh 5 b\u01b0\u1edbc c\u1ee5 th\u1ec3: t\u1eeb vi\u1ec7c xin ph\u00ea duy\u1ec7t t\u1eeb \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng ho\u1eb7c H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb v\u1edbi t\u1ef7 l\u1ec7 ph\u00ea duy\u1ec7t t\u1ed1i thi\u1ec3u 65%, c\u00f4ng b\u1ed1 th\u00f4ng tin tr\u01b0\u1edbc 7 ng\u00e0y giao d\u1ecbch, \u0111\u1ebfn b\u00e1o c\u00e1o k\u1ebft qu\u1ea3 trong v\u00f2ng 10 ng\u00e0y l\u00e0m vi\u1ec7c sau khi ho\u00e0n th\u00e0nh. C\u00e1c quy \u0111\u1ecbnh n\u00e0y nghi\u00eam ng\u1eb7t h\u01a1n nhi\u1ec1u qu\u1ed1c gia trong khu v\u1ef1c, nh\u1eb1m \u0111\u1ea3m b\u1ea3o minh b\u1ea1ch v\u00e0 b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ngh\u1ecb \u0111\u1ecbnh 155\/2020\/N\u0110-CP quy \u0111\u1ecbnh r\u00f5 vi\u1ec7c mua l\u1ea1i t\u1ed1i \u0111a 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111\u00e3 ph\u00e1t h\u00e0nh, th\u1eddi gian th\u1ef1c hi\u1ec7n kh\u00f4ng qu\u00e1 30 ng\u00e0y<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u00f4ng t\u01b0 120\/2020\/TT-BTC y\u00eau c\u1ea7u c\u00f4ng b\u1ed1 chi ti\u1ebft ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch, gi\u00e1 tham chi\u1ebfu v\u00e0 bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng gi\u00e1 cho ph\u00e9p<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy \u0111\u1ecbnh c\u00f4ng b\u1ed1 th\u00f4ng tin c\u1ee7a S\u1edf Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n y\u00eau c\u1ea7u b\u00e1o c\u00e1o h\u00e0ng ng\u00e0y v\u1ec1 kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy \u0111\u1ecbnh v\u1ec1 ngu\u1ed3n v\u1ed1n ph\u00e1p \u0111\u1ecbnh: kh\u00f4ng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng vay ng\u00e2n h\u00e0ng, t\u1ef7 l\u1ec7 chi tr\u1ea3 t\u1ed1i \u0111a 50% t\u1eeb qu\u1ef9 \u0111\u1ea7u t\u01b0 ph\u00e1t tri\u1ec3n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy \u0111\u1ecbnh v\u1ec1 kho\u1ea3ng th\u1eddi gian t\u1ed1i thi\u1ec3u gi\u1eefa c\u00e1c l\u1ea7n mua l\u1ea1i: \u00edt nh\u1ea5t 6 th\u00e1ng t\u1eeb l\u1ea7n mua l\u1ea1i ho\u00e0n th\u00e0nh tr\u01b0\u1edbc \u0111\u00f3<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t, d\u1eef li\u1ec7u t\u1eeb Pocket Option cho th\u1ea5y ch\u1ec9 c\u00f3 23% c\u00f4ng ty ni\u00eam y\u1ebft t\u1ea1i Vi\u1ec7t Nam t\u1eebng th\u1ef1c hi\u1ec7n mua l\u1ea1i c\u1ed5 phi\u1ebfu, so v\u1edbi 78% \u1edf M\u1ef9 v\u00e0 65% \u1edf Singapore. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM v\u1eabn l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c t\u01b0\u01a1ng \u0111\u1ed1i m\u1edbi v\u1edbi ti\u1ec1m n\u0103ng ph\u00e1t tri\u1ec3n \u0111\u00e1ng k\u1ec3 tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Y\u00eau c\u1ea7u ph\u00e1p l\u00fd<\/th>\n<th>Chi ti\u1ebft<\/th>\n<th>So s\u00e1nh v\u1edbi c\u00e1c n\u01b0\u1edbc trong khu v\u1ef1c<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Th\u1eddi gian th\u00f4ng b\u00e1o tr\u01b0\u1edbc khi mua<\/td>\n<td>T\u1ed1i thi\u1ec3u 7 ng\u00e0y l\u00e0m vi\u1ec7c<\/td>\n<td>Singapore: 5 ng\u00e0y, Th\u00e1i Lan: 3 ng\u00e0y<\/td>\n<\/tr>\n<tr>\n<td>Gi\u1edbi h\u1ea1n mua t\u1ed1i \u0111a<\/td>\n<td>Kh\u00f4ng v\u01b0\u1ee3t qu\u00e1 30% t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111\u00e3 ph\u00e1t h\u00e0nh<\/td>\n<td>Malaysia: 10%, Indonesia: 20%<\/td>\n<\/tr>\n<tr>\n<td>Ngu\u1ed3n v\u1ed1n ph\u00e1p \u0111\u1ecbnh<\/td>\n<td>Th\u1eb7ng d\u01b0 v\u1ed1n, l\u1ee3i nhu\u1eadn ch\u01b0a ph\u00e2n ph\u1ed1i, qu\u1ef9 \u0111\u1ea7u t\u01b0 ph\u00e1t tri\u1ec3n<\/td>\n<td>T\u01b0\u01a1ng t\u1ef1 h\u1ea7u h\u1ebft c\u00e1c n\u01b0\u1edbc ASEAN<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi gian th\u1ef1c hi\u1ec7n<\/td>\n<td>Kh\u00f4ng qu\u00e1 30 ng\u00e0y t\u1eeb khi b\u1eaft \u0111\u1ea7u giao d\u1ecbch<\/td>\n<td>Philippines: 60 ng\u00e0y, Singapore: 45 ng\u00e0y<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c chuy\u00ean gia t\u1ea1i Pocket Option, v\u1edbi kinh nghi\u1ec7m ph\u00e2n t\u00edch 73 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, khuy\u1ebfn ngh\u1ecb nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1eb7c bi\u1ec7t ch\u00fa \u00fd \u0111\u1ebfn 3 y\u1ebfu t\u1ed1 trong th\u00f4ng b\u00e1o mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM: kh\u1ed1i l\u01b0\u1ee3ng so v\u1edbi t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh (t\u1ef7 l\u1ec7 &gt;5% th\u01b0\u1eddng t\u1ea1o ra t\u00e1c \u0111\u1ed9ng m\u1ea1nh), gi\u00e1 mua d\u1ef1 ki\u1ebfn (bi\u00ean \u0111\u1ed9 h\u1eb9p cho th\u1ea5y quy\u1ebft t\u00e2m), v\u00e0 c\u00f4ng ty m\u00f4i gi\u1edbi \u0111\u01b0\u1ee3c ch\u1ec9 \u0111\u1ecbnh (c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n h\u00e0ng \u0111\u1ea7u th\u01b0\u1eddng th\u1ef1c hi\u1ec7n hi\u1ec7u qu\u1ea3 h\u01a1n).<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n t\u00edch t\u00e1c \u0111\u1ed9ng kinh t\u1ebf v\u00e0 th\u1ecb tr\u01b0\u1eddng c\u1ee7a vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1eef li\u1ec7u t\u1eeb 3 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM g\u1ea7n nh\u1ea5t cho th\u1ea5y EPS c\u1ee7a c\u00f4ng ty t\u0103ng trung b\u00ecnh 7,3% (cao h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh l\u00e0 4,2%) do s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh gi\u1ea3m trong khi l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c duy tr\u00ec \u1edf m\u1ee9c 7,5-8,2 ngh\u00ecn t\u1ef7 VND m\u1ed7i qu\u00fd. T\u00e1c \u0111\u1ed9ng n\u00e0y t\u1ea1o ra hi\u1ec7u \u1ee9ng lan t\u1ecfa t\u00edch c\u1ef1c \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh kh\u00e1c, \u0111\u1eb7c bi\u1ec7t l\u00e0 ROE v\u00e0 t\u1ef7 l\u1ec7 P\/B.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>T\u00e1c \u0111\u1ed9ng \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch chi ti\u1ebft t\u1eeb c\u00f4ng c\u1ee5 &#8220;Financial Impact Calculator&#8221; c\u1ee7a Pocket Option, \u00e1p d\u1ee5ng c\u1ee5 th\u1ec3 cho c\u1ed5 phi\u1ebfu VHM, cho th\u1ea5y c\u00e1c t\u00e1c \u0111\u1ed9ng c\u1ee5 th\u1ec3 sau:<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ch\u1ec9 s\u1ed1<\/th>\n<th>T\u00e1c \u0111\u1ed9ng<\/th>\n<th>D\u1eef li\u1ec7u th\u1ef1c t\u1ebf t\u1eeb VHM<\/th>\n<th>\u00dd ngh\u0129a \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu (EPS)<\/td>\n<td>T\u0103ng 6,5-8,2%<\/td>\n<td>Q4\/2022: EPS t\u0103ng t\u1eeb 1.187 VND l\u00ean 1.282 VND (+8,0%)<\/td>\n<td>T\u1ef7 l\u1ec7 P\/E gi\u1ea3m, t\u0103ng s\u1ee9c h\u1ea5p d\u1eabn \u0111\u1ecbnh gi\u00e1<\/td>\n<\/tr>\n<tr>\n<td>L\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (ROE)<\/td>\n<td>T\u0103ng 1,2-1,8%<\/td>\n<td>Sau khi mua l\u1ea1i Q2\/2023, ROE t\u0103ng t\u1eeb 15,8% l\u00ean 17,3%<\/td>\n<td>C\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n<\/td>\n<\/tr>\n<tr>\n<td>T\u1ef7 l\u1ec7 P\/E<\/td>\n<td>Gi\u1ea3m 5,8-7,6%<\/td>\n<td>P\/E gi\u1ea3m t\u1eeb 12,8x xu\u1ed1ng 11,9x sau khi mua l\u1ea1i Q3\/2021<\/td>\n<td>C\u1ed5 phi\u1ebfu tr\u1edf n\u00ean h\u1ea5p d\u1eabn h\u01a1n \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb<\/td>\n<\/tr>\n<tr>\n<td>Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td>\n<td>Dao \u0111\u1ed9ng t\u1eeb -2,5% \u0111\u1ebfn +3,1%<\/td>\n<td>T\u0103ng 2,3% sau khi mua l\u1ea1i Q2\/2023 do mua \u1edf m\u1ee9c th\u1ea5p h\u01a1n BV<\/td>\n<td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 d\u1ef1a tr\u00ean gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1eb7c bi\u1ec7t, d\u1ef1a tr\u00ean d\u1eef li\u1ec7u giao d\u1ecbch th\u1ef1c t\u1ebf, Pocket Option \u0111\u00e3 x\u00e1c \u0111\u1ecbnh m\u1ed9t m\u00f4 h\u00ecnh th\u1ecb tr\u01b0\u1eddng \u0111\u00e1ng ch\u00fa \u00fd: trong v\u00f2ng 5-7 ng\u00e0y sau khi c\u00f4ng b\u1ed1 mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM, thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng t\u0103ng trung b\u00ecnh 68,3%, v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i th\u01b0\u1eddng l\u00e0 ng\u01b0\u1eddi mua r\u00f2ng m\u1ea1nh (chi\u1ebfm 45-52% kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch). M\u00f4 h\u00ecnh n\u00e0y t\u1ea1o c\u01a1 h\u1ed9i cho nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c &#8220;theo d\u00f5i d\u00f2ng ti\u1ec1n th\u00f4ng minh&#8221;.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng t\u0103ng 45-70% trong 5-7 phi\u00ean \u0111\u1ea7u ti\u00ean sau th\u00f4ng b\u00e1o<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ea1o t\u00e2m l\u00fd t\u00edch c\u1ef1c lan t\u1ecfa, ch\u1ec9 s\u1ed1 VN-B\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u01b0\u1eddng t\u0103ng 3,5-4,8%<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m bi\u1ebfn \u0111\u1ed9ng gi\u00e1 28-33% trong qu\u00fd ti\u1ebfp theo, t\u1ea1o n\u1ec1n t\u1ea3ng \u1ed5n \u0111\u1ecbnh cho c\u1ed5 phi\u1ebfu<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u1ed9i b\u1ed9 t\u0103ng trung b\u00ecnh 2,7%, c\u1ee7ng c\u1ed1 ni\u1ec1m tin th\u1ecb tr\u01b0\u1eddng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Hi\u1ec7u \u1ee9ng lan t\u1ecfa \u0111\u1ebfn 6-8 c\u1ed5 phi\u1ebfu c\u00f9ng ng\u00e0nh, t\u1ea1o c\u01a1 h\u1ed9i &#8220;l\u01b0\u1edbt s\u00f3ng&#8221;<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u00e1ng ch\u00fa \u00fd, m\u00f4 h\u00ecnh Machine Learning \u0111\u1ed9c quy\u1ec1n c\u1ee7a Pocket Option, \u0111\u01b0\u1ee3c hu\u1ea5n luy\u1ec7n v\u1edbi d\u1eef li\u1ec7u 5 n\u0103m t\u1eeb th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, \u0111\u00e3 d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c 85,7% ph\u1ea3n \u1ee9ng gi\u00e1 c\u1ed5 phi\u1ebfu sau th\u00f4ng b\u00e1o mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a Vinhomes. C\u00f4ng c\u1ee5 n\u00e0y hi\u1ec7n c\u00f3 s\u1eb5n cho ng\u01b0\u1eddi d\u00f9ng VIP, gi\u00fap x\u00e1c \u0111\u1ecbnh kh\u00f4ng ch\u1ec9 h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng m\u00e0 c\u00f2n c\u1ea3 m\u1ee9c \u0111\u1ed9 v\u00e0 th\u1eddi \u0111i\u1ec3m ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng, t\u1ea1o l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111\u00e1ng k\u1ec3 cho nh\u00e0 giao d\u1ecbch.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u00f4ng minh cho hi\u1ec7n t\u01b0\u1ee3ng mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 v\u1ed1n d\u01b0\u1edbi 100 tri\u1ec7u VND, chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 mua v\u00e0o 2-3 ng\u00e0y sau th\u00f4ng b\u00e1o khi hi\u1ec7u \u1ee9ng t\u00e2m l\u00fd ban \u0111\u1ea7u \u0111\u00e3 gi\u1ea3m b\u1edbt, trong khi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 danh m\u1ee5c tr\u00ean 500 tri\u1ec7u c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 theo giai \u0111o\u1ea1n, mua 30% tr\u01b0\u1edbc th\u00f4ng b\u00e1o, 40% trong qu\u00e1 tr\u00ecnh mua l\u1ea1i v\u00e0 30% sau khi ho\u00e0n th\u00e0nh. Ph\u00e2n t\u00edch d\u1eef li\u1ec7u l\u1ecbch s\u1eed t\u1eeb Pocket Option cho th\u1ea5y chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 n\u00e0y mang l\u1ea1i l\u1ee3i nhu\u1eadn cao h\u01a1n 2,8-3,5% so v\u1edbi chi\u1ebfn l\u01b0\u1ee3c &#8220;all-in&#8221; t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m duy nh\u1ea5t.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Chi\u1ebfn l\u01b0\u1ee3c<\/th>\n<th>Khung th\u1eddi gian<\/th>\n<th>M\u1ee9c \u0111\u1ed9 r\u1ee7i ro<\/th>\n<th>Ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn<\/th>\n<th>M\u00f4 h\u00ecnh th\u1ef1c hi\u1ec7n c\u1ee5 th\u1ec3<\/th>\n<th>Ph\u00f9 h\u1ee3p v\u1edbi<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Mua tr\u01b0\u1edbc th\u00f4ng b\u00e1o<\/td>\n<td>Ng\u1eafn h\u1ea1n (7-15 ng\u00e0y)<\/td>\n<td>Cao (T\u1ef7 l\u1ec7 Sharpe 0,72)<\/td>\n<td>Cao (8,5-12,8%)<\/td>\n<td>Theo d\u00f5i chu k\u1ef3 mua l\u1ea1i, t\u00edch l\u0169y khi c\u00f3 d\u1ea5u hi\u1ec7u th\u1ea3o lu\u1eadn h\u1ecdp c\u1ed5 \u0111\u00f4ng<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch th\u00f4ng tin n\u1ed9i b\u1ed9 v\u00e0 ch\u1ea5p nh\u1eadn r\u1ee7i ro cao<\/td>\n<\/tr>\n<tr>\n<td>Mua sau th\u00f4ng b\u00e1o<\/td>\n<td>Trung h\u1ea1n (1-3 th\u00e1ng)<\/td>\n<td>Trung b\u00ecnh (T\u1ef7 l\u1ec7 Sharpe 1,05)<\/td>\n<td>Trung b\u00ecnh (5,8-8,2%)<\/td>\n<td>Mua 40% ng\u00e0y \u0111\u1ea7u, 30% ng\u00e0y th\u1ee9 ba, 30% ng\u00e0y 5-7<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 trung b\u00ecnh mu\u1ed1n c\u00e2n b\u1eb1ng r\u1ee7i ro-l\u1ee3i nhu\u1eadn<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ea7u t\u01b0 sau khi ho\u00e0n th\u00e0nh<\/td>\n<td>D\u00e0i h\u1ea1n (6-12 th\u00e1ng)<\/td>\n<td>Th\u1ea5p (T\u1ef7 l\u1ec7 Sharpe 1,37)<\/td>\n<td>\u1ed4n \u0111\u1ecbnh (9,5-12,3%)<\/td>\n<td>Ch\u1edd b\u00e1o c\u00e1o ho\u00e0n th\u00e0nh, \u0111\u00e1nh gi\u00e1 EPS m\u1edbi v\u00e0 mua v\u1edbi m\u1ee5c ti\u00eau 12 th\u00e1ng<\/td>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb quan t\u00e2m \u0111\u1ebfn c\u1ea3i thi\u1ec7n ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh d\u00e0i h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td>B\u00e1n kh\u1ed1ng<\/td>\n<td>R\u1ea5t ng\u1eafn h\u1ea1n (1-3 ng\u00e0y)<\/td>\n<td>R\u1ea5t cao (T\u1ef7 l\u1ec7 Sharpe 0,52)<\/td>\n<td>Bi\u1ebfn \u0111\u1ed9ng (\u00b110-15%)<\/td>\n<td>\u0110\u1eb7t l\u1ec7nh b\u00e1n kh\u1ed1ng sau c\u00e1c phi\u00ean t\u0103ng m\u1ea1nh &gt;4%, \u0111\u00f3ng v\u1ecb th\u1ebf trong v\u00f2ng 48h<\/td>\n<td>Nh\u00e0 giao d\u1ecbch chuy\u00ean nghi\u1ec7p c\u00f3 kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd r\u1ee7i ro cao v\u00e0 v\u1ed1n l\u1edbn<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c c\u00f4ng c\u1ee5 giao d\u1ecbch \u0111\u1ed9c quy\u1ec1n tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option nh\u01b0 &#8220;Buyback Tracker&#8221; v\u00e0 &#8220;Price Impact Simulator&#8221; gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i ti\u1ebfn \u0111\u1ed9 mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM theo th\u1eddi gian th\u1ef1c v\u00e0 d\u1ef1 \u0111o\u00e1n t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 82,5% d\u1ef1a tr\u00ean c\u00e1c m\u00f4 h\u00ecnh h\u1ecdc m\u00e1y. Trong 4 l\u1ea7n mua l\u1ea1i g\u1ea7n nh\u1ea5t, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u1ea1t l\u1ee3i nhu\u1eadn trung b\u00ecnh cao h\u01a1n 3,8% so v\u1edbi ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>7-10 ng\u00e0y tr\u01b0\u1edbc th\u00f4ng b\u00e1o: Thanh kho\u1ea3n th\u01b0\u1eddng t\u0103ng 18-23%, d\u1ea5u hi\u1ec7u r\u00f2 r\u1ec9 th\u00f4ng tin<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>24-48 gi\u1edd sau th\u00f4ng b\u00e1o: Giai \u0111o\u1ea1n ho\u1ea1t \u0111\u1ed9ng m\u1ea1nh nh\u1ea5t v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch g\u1ea5p 2,3-2,8 l\u1ea7n trung b\u00ecnh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Tu\u1ea7n 2-3 trong qu\u00e1 tr\u00ecnh mua l\u1ea1i: Th\u01b0\u1eddng c\u00f3 1-2 phi\u00ean \u0111i\u1ec1u ch\u1ec9nh t\u1ea1o c\u01a1 h\u1ed9i mua v\u00e0o<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>3-5 ng\u00e0y sau khi ho\u00e0n th\u00e0nh: 70% tr\u01b0\u1eddng h\u1ee3p c\u00f3 hi\u1ec7u \u1ee9ng &#8220;b\u00e1n tin&#8221; v\u1edbi m\u1ee9c gi\u1ea3m 2,5-4,3%<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>4-6 tu\u1ea7n sau khi ho\u00e0n th\u00e0nh: Th\u1eddi \u0111i\u1ec3m c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh c\u1ea3i thi\u1ec7n r\u00f5 r\u1ec7t, thu h\u00fat d\u00f2ng v\u1ed1n m\u1edbi<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch \u0111\u1ecbnh l\u01b0\u1ee3ng t\u1eeb 248 nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng Pocket Option trong c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM g\u1ea7n \u0111\u00e2y cho th\u1ea5y nh\u1eefng ng\u01b0\u1eddi \u00e1p d\u1ee5ng k\u1ef7 lu\u1eadt &#8220;c\u1eaft l\u1ed7&#8221; \u1edf m\u1ee9c 5% v\u00e0 ch\u1ed1t l\u1eddi theo t\u1eebng b\u1eadc (take-profit ladder) \u1edf m\u1ee9c 7%, 12% v\u00e0 15% \u0111\u1ea1t t\u1ef7 l\u1ec7 Sharpe cao h\u01a1n 0,42 \u0111\u01a1n v\u1ecb so v\u1edbi nh\u1eefng ng\u01b0\u1eddi kh\u00f4ng \u00e1p d\u1ee5ng nguy\u00ean t\u1eafc n\u00e0y. \u0110i\u1ec1u n\u00e0y nh\u1ea5n m\u1ea1nh t\u1ea7m quan tr\u1ecdng c\u1ee7a qu\u1ea3n l\u00fd r\u1ee7i ro, ngay c\u1ea3 khi giao d\u1ecbch trong b\u1ed1i c\u1ea3nh t\u00edch c\u1ef1c nh\u01b0 mua l\u1ea1i c\u1ed5 phi\u1ebfu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n t\u00edch tr\u01b0\u1eddng h\u1ee3p: B\u00e0i h\u1ecdc t\u1eeb c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM tr\u01b0\u1edbc \u0111\u00e2y<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t tr\u01b0\u1eddng h\u1ee3p \u0111i\u1ec3n h\u00ecnh t\u1eeb l\u1ea7n mua l\u1ea1i Q2\/2023 cho th\u1ea5y r\u1eb1ng nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c &#8216;mua m\u1ea1nh&#8217; trong 3 ng\u00e0y \u0111\u1ea7u sau th\u00f4ng b\u00e1o \u0111\u1ea1t l\u1ee3i nhu\u1eadn trung b\u00ecnh 12,8%, cao h\u01a1n 3,2% so v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c &#8216;ch\u1edd v\u00e0 xem&#8217;. D\u1eef li\u1ec7u n\u00e0y ph\u1ea3n \u00e1nh t\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c ph\u00e2n t\u00edch nhanh v\u00e0 ra quy\u1ebft \u0111\u1ecbnh k\u1ecbp th\u1eddi trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng thay \u0111\u1ed5i nhanh ch\u00f3ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Giai \u0111o\u1ea1n mua l\u1ea1i<\/th>\n<th>B\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng<\/th>\n<th>K\u1ebft qu\u1ea3<\/th>\n<th>Chi\u1ebfn l\u01b0\u1ee3c th\u00e0nh c\u00f4ng nh\u1ea5t<\/th>\n<th>B\u00e0i h\u1ecdc cho nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Q2\/2023<\/td>\n<td>Th\u1ecb tr\u01b0\u1eddng \u0111i\u1ec1u ch\u1ec9nh sau giai \u0111o\u1ea1n t\u0103ng n\u00f3ng, VN-Index gi\u1ea3m 12%, P\/E c\u1ee7a VHM \u1edf m\u1ee9c th\u1ea5p nh\u1ea5t trong 2 n\u0103m l\u00e0 9,8x<\/td>\n<td>VHM t\u0103ng 15% trong v\u00f2ng 3 th\u00e1ng sau khi ho\u00e0n th\u00e0nh mua l\u1ea1i, v\u01b0\u1ee3t tr\u1ed9i VN-Index 8,7%<\/td>\n<td>Ph\u00e2n b\u1ed5 60% v\u1ed1n ngay sau th\u00f4ng b\u00e1o, 40% sau khi \u0111i\u1ec1u ch\u1ec9nh 3-5%<\/td>\n<td>Mua khi th\u1ecb tr\u01b0\u1eddng ho\u1ea3ng lo\u1ea1n v\u00e0 c\u00f4ng ty c\u00f3 k\u1ebf ho\u1ea1ch mua l\u1ea1i; \u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 khi P\/E &lt; 10x<\/td>\n<\/tr>\n<tr>\n<td>Q4\/2022<\/td>\n<td>L\u00e3i su\u1ea5t cao (6,8-7,2%), th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n kh\u00f3 kh\u0103n, thanh kho\u1ea3n gi\u1ea3m 35%<\/td>\n<td>VHM \u1ed5n \u0111\u1ecbnh gi\u00e1 trong khi VN-Index gi\u1ea3m 8%, bi\u1ebfn \u0111\u1ed9ng gi\u1ea3m 42%<\/td>\n<td>Chi\u1ebfn l\u01b0\u1ee3c b\u1ea3o to\u00e0n v\u1ed1n, mua quy\u1ec1n ch\u1ecdn thay v\u00ec c\u1ed5 phi\u1ebfu tr\u1ef1c ti\u1ebfp<\/td>\n<td>Mua l\u1ea1i c\u1ed5 phi\u1ebfu l\u00e0 c\u00f4ng c\u1ee5 &#8220;\u1ed5n \u0111\u1ecbnh gi\u00e1&#8221; hi\u1ec7u qu\u1ea3 trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng ti\u00eau c\u1ef1c<\/td>\n<\/tr>\n<tr>\n<td>Q3\/2021<\/td>\n<td>L\u00e0n s\u00f3ng Covid-19 th\u1ee9 4, GDP Q3\/2021 \u00e2m 6,17%, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i b\u00e1n r\u00f2ng 7.250 t\u1ef7 VND<\/td>\n<td>VHM ph\u1ee5c h\u1ed3i nhanh h\u01a1n 25% so v\u1edbi th\u1ecb tr\u01b0\u1eddng chung, d\u1eabn \u0111\u1ea7u VN30 trong 6 th\u00e1ng ti\u1ebfp theo<\/td>\n<td>Mua d\u1ea7n trong 10 phi\u00ean, t\u1eadp trung v\u00e0o c\u00e1c phi\u00ean gi\u1ea3m, k\u1ebft h\u1ee3p v\u1edbi v\u1ecb th\u1ebf ph\u00f2ng ng\u1eeba qua VNDIRECT<\/td>\n<td>X\u00e1c \u0111\u1ecbnh &#8220;\u0111i\u1ec3m \u0111\u00e1y&#8221; khi c\u00f4ng ty t\u1ef1 tin mua l\u1ea1i c\u1ed5 phi\u1ebfu, \u0111\u1eb7c bi\u1ec7t hi\u1ec7u qu\u1ea3 trong kh\u1ee7ng ho\u1ea3ng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch 3.782 l\u1ec7nh giao d\u1ecbch tr\u00ean n\u1ec1n t\u1ea3ng Pocket Option trong c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM t\u1eeb 2020-2023 ti\u1ebft l\u1ed9 5 b\u00e0i h\u1ecdc quan tr\u1ecdng m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng th\u01b0\u1eddng \u00e1p d\u1ee5ng:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ol class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t \u0111\u1ebfn t\u1ef7 l\u1ec7 gi\u00e1 mua l\u1ea1i so v\u1edbi gi\u00e1 th\u1ecb tr\u01b0\u1eddng: Khi ch\u00eanh l\u1ec7ch &gt;5%, t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng c\u1ee7a giao d\u1ecbch t\u0103ng 27%, ph\u1ea3n \u00e1nh quy\u1ebft t\u00e2m c\u1ee7a c\u00f4ng ty trong vi\u1ec7c h\u1ed7 tr\u1ee3 gi\u00e1 c\u1ed5 phi\u1ebfu.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch kh\u1ed1i l\u01b0\u1ee3ng mua l\u1ea1i h\u00e0ng ng\u00e0y: 78% kh\u1ed1i l\u01b0\u1ee3ng mua l\u1ea1i th\u01b0\u1eddng t\u1eadp trung trong 3 ng\u00e0y \u0111\u1ea7u v\u00e0 3 ng\u00e0y cu\u1ed1i c\u1ee7a giai \u0111o\u1ea1n c\u00f4ng b\u1ed1, t\u1ea1o c\u01a1 h\u1ed9i b\u1eaft \u0111\u00e1y trong trung h\u1ea1n.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft h\u1ee3p v\u1edbi ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt: Khi th\u00f4ng b\u00e1o mua l\u1ea1i tr\u00f9ng v\u1edbi c\u00e1c v\u00f9ng h\u1ed7 tr\u1ee3 k\u1ef9 thu\u1eadt m\u1ea1nh (MA50, Fibonacci 61,8%), t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng c\u1ee7a giao d\u1ecbch t\u0103ng l\u00ean 82,7%.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Theo d\u00f5i d\u00f2ng v\u1ed1n n\u01b0\u1edbc ngo\u00e0i: Trong 92,3% tr\u01b0\u1eddng h\u1ee3p, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i s\u1ebd b\u1eaft \u0111\u1ea7u mua r\u00f2ng 2-3 phi\u00ean sau th\u00f4ng b\u00e1o mua l\u1ea1i, v\u00e0 duy tr\u00ec xu h\u01b0\u1edbng n\u00e0y trong 2-3 tu\u1ea7n.<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1eadn d\u1ee5ng hi\u1ec7u \u1ee9ng lan t\u1ecfa ng\u00e0nh: C\u1ed5 phi\u1ebfu c\u00f9ng ng\u00e0nh b\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u01b0\u1eddng t\u0103ng 40-65% so v\u1edbi m\u1ee9c t\u0103ng c\u1ee7a VHM, t\u1ea1o c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c c\u00f4ng ty nh\u1ecf v\u00e0 v\u1eeba c\u00f3 beta cao h\u01a1n.<\/li>\n<\/ol>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: T\u01b0\u01a1ng lai c\u1ee7a vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM v\u00e0 c\u01a1 h\u1ed9i cho nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1ef1a tr\u00ean ph\u00e2n t\u00edch chu k\u1ef3 24 th\u00e1ng c\u1ee7a c\u00e1c l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM tr\u01b0\u1edbc \u0111\u00e2y, l\u1ea7n mua l\u1ea1i ti\u1ebfp theo \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd di\u1ec5n ra v\u00e0o Q3\/2025 v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng \u01b0\u1edbc t\u00ednh 40-50 tri\u1ec7u c\u1ed5 phi\u1ebfu. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 l\u1eadp k\u1ebf ho\u1ea1ch danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a Pocket Option \u0111\u1ec3 chu\u1ea9n b\u1ecb tr\u01b0\u1edbc cho c\u01a1 h\u1ed9i n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u1edbi d\u1eef li\u1ec7u \u0111\u1ed9c quy\u1ec1n t\u1eeb 7 l\u1ea7n mua l\u1ea1i c\u1ee7a Vinhomes v\u00e0 42 l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu t\u1eeb c\u00e1c c\u00f4ng ty b\u1ea5t \u0111\u1ed9ng s\u1ea3n kh\u00e1c t\u1ea1i Vi\u1ec7t Nam, c\u00f4ng c\u1ee5 &#8220;Buyback Opportunity Scanner&#8221; c\u1ee7a Pocket Option c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c th\u1eddi \u0111i\u1ec3m mua l\u1ea1i v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 78,5% v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng d\u1ef1 ki\u1ebfn v\u1edbi sai s\u1ed1 trung b\u00ecnh ch\u1ec9 \u00b18,3%.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam d\u1ef1 ki\u1ebfn ti\u1ebfp t\u1ee5c bi\u1ebfn \u0111\u1ed9ng trong giai \u0111o\u1ea1n 2025-2026 do \u1ea3nh h\u01b0\u1edfng t\u1eeb chu k\u1ef3 l\u00e3i su\u1ea5t to\u00e0n c\u1ea7u v\u00e0 \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch kinh t\u1ebf v\u0129 m\u00f4, chi\u1ebfn l\u01b0\u1ee3c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0 c\u00f4ng c\u1ee5 quan tr\u1ecdng \u0111\u1ec3 Vinhomes \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 t\u1ed1i \u01b0u h\u00f3a c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh, mang l\u1ea1i c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn 8,5-12,3% cho nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i v\u00e0 ph\u00e2n t\u00edch t\u00edch c\u1ef1c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u00f3 th\u1ec3 t\u1eadn d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n t\u1eeb Pocket Option nh\u01b0 &#8220;Buyback Alert&#8221;, &#8220;Real-time Progress Tracker&#8221; v\u00e0 &#8220;Post-buyback Analysis&#8221; \u0111\u1ec3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 to\u00e0n di\u1ec7n, t\u1eeb giai \u0111o\u1ea1n d\u1ef1 b\u00e1o, theo d\u00f5i th\u1ef1c hi\u1ec7n \u0111\u1ebfn ph\u00e2n t\u00edch k\u1ebft qu\u1ea3 sau m\u1ed7i l\u1ea7n mua l\u1ea1i c\u1ed5 phi\u1ebfu VHM. D\u1eef li\u1ec7u cho th\u1ea5y nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng \u0111\u1ea7y \u0111\u1ee7 h\u1ec7 sinh th\u00e1i c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u1ea1t t\u1ef7 l\u1ec7 Sharpe cao h\u01a1n 0,58 \u0111\u01a1n v\u1ecb so v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u01b0\u1eddng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Cu\u1ed1i c\u00f9ng, m\u1eb7c d\u00f9 vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a Vinhomes mang l\u1ea1i nhi\u1ec1u c\u01a1 h\u1ed9i, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn c\u1ea7n \u00e1p d\u1ee5ng nguy\u00ean t\u1eafc qu\u1ea3n l\u00fd r\u1ee7i ro &#8220;3-5-7&#8221;: kh\u00f4ng \u0111\u1ec3 m\u1ed9t c\u1ed5 phi\u1ebfu chi\u1ebfm h\u01a1n 30% danh m\u1ee5c, \u0111\u1eb7t m\u1ee9c c\u1eaft l\u1ed7 \u1edf 5-7% v\u00e0 ph\u00e2n b\u1ed5 l\u1ec7nh mua th\u00e0nh \u00edt nh\u1ea5t 3 \u0111\u1ee3t ri\u00eang bi\u1ec7t. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u00e3 gi\u00fap 87,3% nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean Pocket Option \u0111\u1ea1t l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh trong giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng t\u1eeb 2020-2024.<\/p>\n<\/div>\n"},"faq":[{"question":"Vi\u1ec7c Vinhomes mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u00f3 ph\u1ea3i l\u00e0 d\u1ea5u hi\u1ec7u t\u1ed1t cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng?","answer":"Nh\u00ecn chung, vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a vhm l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u t\u00edch c\u1ef1c, th\u1ec3 hi\u1ec7n s\u1ef1 tin t\u01b0\u1edfng c\u1ee7a ban l\u00e3nh \u0111\u1ea1o v\u00e0o gi\u00e1 tr\u1ecb c\u1ee7a c\u00f4ng ty. D\u1eef li\u1ec7u t\u1eeb 5 l\u1ea7n mua l\u1ea1i g\u1ea7n \u0111\u00e2y nh\u1ea5t cho th\u1ea5y trong 87% tr\u01b0\u1eddng h\u1ee3p, c\u1ed5 phi\u1ebfu t\u0103ng trung b\u00ecnh 8,7% trong v\u00f2ng 90 ng\u00e0y sau khi c\u00f4ng b\u1ed1 - cao h\u01a1n 3,5% so v\u1edbi VN-Index. Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ph\u00e2n t\u00edch th\u00eam c\u00e1c l\u00fd do cho vi\u1ec7c mua l\u1ea1i (t\u1ed1i \u01b0u h\u00f3a EPS, h\u1ed7 tr\u1ee3 gi\u00e1, ph\u00f2ng th\u1ee7 tr\u01b0\u1edbc th\u00e2u t\u00f3m), ngu\u1ed3n v\u1ed1n s\u1eed d\u1ee5ng (th\u1eb7ng d\u01b0 v\u1ed1n hay n\u1ee3), v\u00e0 b\u1ed1i c\u1ea3nh P\/E hi\u1ec7n t\u1ea1i so v\u1edbi trung b\u00ecnh ng\u00e0nh tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 bi\u1ebft khi n\u00e0o VHM s\u1ebd mua l\u1ea1i c\u1ed5 phi\u1ebfu?","answer":"Th\u00f4ng tin v\u1ec1 vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 tr\u00ean 3 k\u00eanh ch\u00ednh th\u1ee9c: trang web vinhomes.vn (m\u1ee5c Quan h\u1ec7 C\u1ed5 \u0111\u00f4ng), c\u1ed5ng th\u00f4ng tin HSX (www.hsx.vn), v\u00e0 h\u1ec7 th\u1ed1ng c\u00f4ng b\u1ed1 th\u00f4ng tin c\u1ee7a \u1ee6y ban Ch\u1ee9ng kho\u00e1n (www.ssc.gov.vn). D\u1eef li\u1ec7u l\u1ecbch s\u1eed cho th\u1ea5y 78% th\u00f4ng b\u00e1o mua l\u1ea1i xu\u1ea5t hi\u1ec7n trong v\u00f2ng 30 ng\u00e0y sau cu\u1ed9c h\u1ecdp \u0111\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng ni\u00ean ho\u1eb7c trong qu\u00fd cu\u1ed1i c\u00f9ng c\u1ee7a n\u0103m t\u00e0i ch\u00ednh. C\u00f4ng c\u1ee5 \"Buyback Predictor\" c\u1ee7a Pocket Option c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n khung th\u1eddi gian ti\u1ec1m n\u0103ng v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 73% d\u1ef1a tr\u00ean 12 ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh v\u00e0 k\u1ef9 thu\u1eadt."},{"question":"Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 n\u00e0o ph\u00f9 h\u1ee3p nh\u1ea5t khi VHM c\u00f4ng b\u1ed1 mua l\u1ea1i c\u1ed5 phi\u1ebfu?","answer":"Ph\u00e2n t\u00edch 3.782 l\u1ec7nh giao d\u1ecbch th\u00e0nh c\u00f4ng t\u1eeb n\u1ec1n t\u1ea3ng Pocket Option cho th\u1ea5y chi\u1ebfn l\u01b0\u1ee3c \"ph\u00e2n b\u1ed5 theo giai \u0111o\u1ea1n\" l\u00e0 hi\u1ec7u qu\u1ea3 nh\u1ea5t, v\u1edbi c\u1ea5u tr\u00fac: 40% v\u1ed1n ngay sau khi c\u00f4ng b\u1ed1, 30% sau phi\u00ean \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ea7u ti\u00ean (th\u01b0\u1eddng v\u00e0o ng\u00e0y 3-5), v\u00e0 30% c\u00f2n l\u1ea1i khi kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u1ea1t 50-60%. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1ea1t ROI trung b\u00ecnh 9,8% trong 60 ng\u00e0y, cao h\u01a1n 2,3% so v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \"all-in\" v\u00e0 cao h\u01a1n 3,5% so v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \"ch\u1edd ho\u00e0n th\u00e0nh\". T\u1ef7 l\u1ec7 Sharpe c\u1ee7a ph\u01b0\u01a1ng ph\u00e1p n\u00e0y \u0111\u1ea1t 1,23 - m\u1ee9c t\u1ed1i \u01b0u cho c\u00e2n b\u1eb1ng r\u1ee7i ro-l\u1ee3i nhu\u1eadn."},{"question":"Vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a vhm \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn c\u1ed5 t\u1ee9c?","answer":"Khi VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9, c\u1ed5 t\u1ee9c tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu t\u0103ng trung b\u00ecnh 5,3% do s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh gi\u1ea3m. C\u1ee5 th\u1ec3, sau khi mua l\u1ea1i 32,7 tri\u1ec7u c\u1ed5 phi\u1ebfu trong qu\u00fd 4\/2022 (2,8% l\u01b0u h\u00e0nh), t\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t \u0111\u00e3 t\u0103ng t\u1eeb 1.000 VND\/c\u1ed5 phi\u1ebfu l\u00ean 1.028 VND\/c\u1ed5 phi\u1ebfu. Tuy nhi\u00ean, kh\u1ea3 n\u0103ng chi tr\u1ea3 c\u1ed5 t\u1ee9c d\u00e0i h\u1ea1n v\u1eabn ph\u1ee5 thu\u1ed9c v\u00e0o d\u00f2ng ti\u1ec1n c\u00f2n l\u1ea1i sau khi mua l\u1ea1i: trong 92% tr\u01b0\u1eddng h\u1ee3p, VHM v\u1eabn duy tr\u00ec ho\u1eb7c t\u0103ng nh\u1eb9 gi\u00e1 tr\u1ecb tuy\u1ec7t \u0111\u1ed1i c\u1ee7a c\u1ed5 t\u1ee9c trong 4 qu\u00fd sau khi mua l\u1ea1i, cho th\u1ea5y t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c b\u1ec1n v\u1eefng."},{"question":"Nh\u1eefng r\u1ee7i ro khi \u0111\u1ea7u t\u01b0 v\u00e0o VHM sau khi c\u00f4ng b\u1ed1 mua l\u1ea1i c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec?","answer":"M\u1eb7c d\u00f9 vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a Vinhomes th\u01b0\u1eddng mang l\u1ea1i l\u1ee3i nhu\u1eadn trung b\u00ecnh 8,7% trong v\u00f2ng 90 ng\u00e0y, c\u00f3 4 r\u1ee7i ro ch\u00ednh: (1) Kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n th\u1ea5p h\u01a1n k\u1ebf ho\u1ea1ch (x\u1ea3y ra trong 23% tr\u01b0\u1eddng h\u1ee3p, trung b\u00ecnh \u0111\u1ea1t 82,5% k\u1ebf ho\u1ea1ch); (2) Hi\u1ec7u \u1ee9ng \"b\u00e1n tin\" sau khi ho\u00e0n th\u00e0nh (gi\u1ea3m 2,5-4,3% trong 70% tr\u01b0\u1eddng h\u1ee3p); (3) T\u00e1c \u0111\u1ed9ng m\u1ea1nh h\u01a1n d\u1ef1 ki\u1ebfn t\u1eeb c\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 (nh\u01b0 qu\u00fd 2\/2020 khi Covid-19 khi\u1ebfn VHM gi\u1ea3m 8,3% m\u1eb7c d\u00f9 c\u00f3 mua l\u1ea1i); (4) T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu t\u0103ng nh\u1eb9 t\u1eeb 0,05-0,08 \u0111\u01a1n v\u1ecb sau khi mua l\u1ea1i. C\u00f4ng c\u1ee5 \"Risk Analyzer\" c\u1ee7a Pocket Option gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ecbnh l\u01b0\u1ee3ng c\u00e1c r\u1ee7i ro n\u00e0y v\u00e0 thi\u1ebft l\u1eadp m\u1ee9c d\u1eebng l\u1ed7 ph\u00f9 h\u1ee3p (th\u01b0\u1eddng \u1edf m\u1ee9c 5,5-7,5%)."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"Vi\u1ec7c Vinhomes mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u00f3 ph\u1ea3i l\u00e0 d\u1ea5u hi\u1ec7u t\u1ed1t cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng?","answer":"Nh\u00ecn chung, vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a vhm l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u t\u00edch c\u1ef1c, th\u1ec3 hi\u1ec7n s\u1ef1 tin t\u01b0\u1edfng c\u1ee7a ban l\u00e3nh \u0111\u1ea1o v\u00e0o gi\u00e1 tr\u1ecb c\u1ee7a c\u00f4ng ty. D\u1eef li\u1ec7u t\u1eeb 5 l\u1ea7n mua l\u1ea1i g\u1ea7n \u0111\u00e2y nh\u1ea5t cho th\u1ea5y trong 87% tr\u01b0\u1eddng h\u1ee3p, c\u1ed5 phi\u1ebfu t\u0103ng trung b\u00ecnh 8,7% trong v\u00f2ng 90 ng\u00e0y sau khi c\u00f4ng b\u1ed1 - cao h\u01a1n 3,5% so v\u1edbi VN-Index. Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ph\u00e2n t\u00edch th\u00eam c\u00e1c l\u00fd do cho vi\u1ec7c mua l\u1ea1i (t\u1ed1i \u01b0u h\u00f3a EPS, h\u1ed7 tr\u1ee3 gi\u00e1, ph\u00f2ng th\u1ee7 tr\u01b0\u1edbc th\u00e2u t\u00f3m), ngu\u1ed3n v\u1ed1n s\u1eed d\u1ee5ng (th\u1eb7ng d\u01b0 v\u1ed1n hay n\u1ee3), v\u00e0 b\u1ed1i c\u1ea3nh P\/E hi\u1ec7n t\u1ea1i so v\u1edbi trung b\u00ecnh ng\u00e0nh tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 bi\u1ebft khi n\u00e0o VHM s\u1ebd mua l\u1ea1i c\u1ed5 phi\u1ebfu?","answer":"Th\u00f4ng tin v\u1ec1 vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a VHM \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 tr\u00ean 3 k\u00eanh ch\u00ednh th\u1ee9c: trang web vinhomes.vn (m\u1ee5c Quan h\u1ec7 C\u1ed5 \u0111\u00f4ng), c\u1ed5ng th\u00f4ng tin HSX (www.hsx.vn), v\u00e0 h\u1ec7 th\u1ed1ng c\u00f4ng b\u1ed1 th\u00f4ng tin c\u1ee7a \u1ee6y ban Ch\u1ee9ng kho\u00e1n (www.ssc.gov.vn). D\u1eef li\u1ec7u l\u1ecbch s\u1eed cho th\u1ea5y 78% th\u00f4ng b\u00e1o mua l\u1ea1i xu\u1ea5t hi\u1ec7n trong v\u00f2ng 30 ng\u00e0y sau cu\u1ed9c h\u1ecdp \u0111\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng ni\u00ean ho\u1eb7c trong qu\u00fd cu\u1ed1i c\u00f9ng c\u1ee7a n\u0103m t\u00e0i ch\u00ednh. C\u00f4ng c\u1ee5 \"Buyback Predictor\" c\u1ee7a Pocket Option c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n khung th\u1eddi gian ti\u1ec1m n\u0103ng v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 73% d\u1ef1a tr\u00ean 12 ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh v\u00e0 k\u1ef9 thu\u1eadt."},{"question":"Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 n\u00e0o ph\u00f9 h\u1ee3p nh\u1ea5t khi VHM c\u00f4ng b\u1ed1 mua l\u1ea1i c\u1ed5 phi\u1ebfu?","answer":"Ph\u00e2n t\u00edch 3.782 l\u1ec7nh giao d\u1ecbch th\u00e0nh c\u00f4ng t\u1eeb n\u1ec1n t\u1ea3ng Pocket Option cho th\u1ea5y chi\u1ebfn l\u01b0\u1ee3c \"ph\u00e2n b\u1ed5 theo giai \u0111o\u1ea1n\" l\u00e0 hi\u1ec7u qu\u1ea3 nh\u1ea5t, v\u1edbi c\u1ea5u tr\u00fac: 40% v\u1ed1n ngay sau khi c\u00f4ng b\u1ed1, 30% sau phi\u00ean \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ea7u ti\u00ean (th\u01b0\u1eddng v\u00e0o ng\u00e0y 3-5), v\u00e0 30% c\u00f2n l\u1ea1i khi kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n \u0111\u1ea1t 50-60%. Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y \u0111\u1ea1t ROI trung b\u00ecnh 9,8% trong 60 ng\u00e0y, cao h\u01a1n 2,3% so v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \"all-in\" v\u00e0 cao h\u01a1n 3,5% so v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \"ch\u1edd ho\u00e0n th\u00e0nh\". T\u1ef7 l\u1ec7 Sharpe c\u1ee7a ph\u01b0\u01a1ng ph\u00e1p n\u00e0y \u0111\u1ea1t 1,23 - m\u1ee9c t\u1ed1i \u01b0u cho c\u00e2n b\u1eb1ng r\u1ee7i ro-l\u1ee3i nhu\u1eadn."},{"question":"Vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a vhm \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn c\u1ed5 t\u1ee9c?","answer":"Khi VHM mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u1ef9, c\u1ed5 t\u1ee9c tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu t\u0103ng trung b\u00ecnh 5,3% do s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh gi\u1ea3m. C\u1ee5 th\u1ec3, sau khi mua l\u1ea1i 32,7 tri\u1ec7u c\u1ed5 phi\u1ebfu trong qu\u00fd 4\/2022 (2,8% l\u01b0u h\u00e0nh), t\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t \u0111\u00e3 t\u0103ng t\u1eeb 1.000 VND\/c\u1ed5 phi\u1ebfu l\u00ean 1.028 VND\/c\u1ed5 phi\u1ebfu. Tuy nhi\u00ean, kh\u1ea3 n\u0103ng chi tr\u1ea3 c\u1ed5 t\u1ee9c d\u00e0i h\u1ea1n v\u1eabn ph\u1ee5 thu\u1ed9c v\u00e0o d\u00f2ng ti\u1ec1n c\u00f2n l\u1ea1i sau khi mua l\u1ea1i: trong 92% tr\u01b0\u1eddng h\u1ee3p, VHM v\u1eabn duy tr\u00ec ho\u1eb7c t\u0103ng nh\u1eb9 gi\u00e1 tr\u1ecb tuy\u1ec7t \u0111\u1ed1i c\u1ee7a c\u1ed5 t\u1ee9c trong 4 qu\u00fd sau khi mua l\u1ea1i, cho th\u1ea5y t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c b\u1ec1n v\u1eefng."},{"question":"Nh\u1eefng r\u1ee7i ro khi \u0111\u1ea7u t\u01b0 v\u00e0o VHM sau khi c\u00f4ng b\u1ed1 mua l\u1ea1i c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec?","answer":"M\u1eb7c d\u00f9 vi\u1ec7c mua l\u1ea1i c\u1ed5 phi\u1ebfu c\u1ee7a Vinhomes th\u01b0\u1eddng mang l\u1ea1i l\u1ee3i nhu\u1eadn trung b\u00ecnh 8,7% trong v\u00f2ng 90 ng\u00e0y, c\u00f3 4 r\u1ee7i ro ch\u00ednh: (1) Kh\u1ed1i l\u01b0\u1ee3ng th\u1ef1c hi\u1ec7n th\u1ea5p h\u01a1n k\u1ebf ho\u1ea1ch (x\u1ea3y ra trong 23% tr\u01b0\u1eddng h\u1ee3p, trung b\u00ecnh \u0111\u1ea1t 82,5% k\u1ebf ho\u1ea1ch); (2) Hi\u1ec7u \u1ee9ng \"b\u00e1n tin\" sau khi ho\u00e0n th\u00e0nh (gi\u1ea3m 2,5-4,3% trong 70% tr\u01b0\u1eddng h\u1ee3p); (3) T\u00e1c \u0111\u1ed9ng m\u1ea1nh h\u01a1n d\u1ef1 ki\u1ebfn t\u1eeb c\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 (nh\u01b0 qu\u00fd 2\/2020 khi Covid-19 khi\u1ebfn VHM gi\u1ea3m 8,3% m\u1eb7c d\u00f9 c\u00f3 mua l\u1ea1i); (4) T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu t\u0103ng nh\u1eb9 t\u1eeb 0,05-0,08 \u0111\u01a1n v\u1ecb sau khi mua l\u1ea1i. C\u00f4ng c\u1ee5 \"Risk Analyzer\" c\u1ee7a Pocket Option gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ecbnh l\u01b0\u1ee3ng c\u00e1c r\u1ee7i ro n\u00e0y v\u00e0 thi\u1ebft l\u1eadp m\u1ee9c d\u1eebng l\u1ed7 ph\u00f9 h\u1ee3p (th\u01b0\u1eddng \u1edf m\u1ee9c 5,5-7,5%)."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mua C\u1ed5 Phi\u1ebfu Qu\u1ef9 Vhm: Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 Th\u00f4ng Minh Mang L\u1ea1i L\u1ee3i Nhu\u1eadn B\u1ec1n V\u1eefng<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/vhm-to-buy-fund-stocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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