{"id":306676,"date":"2025-07-15T16:03:56","date_gmt":"2025-07-15T16:03:56","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/et-stock-dividend-2\/"},"modified":"2025-07-15T16:03:56","modified_gmt":"2025-07-15T16:03:56","slug":"et-stock-dividend","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/news-events\/data\/et-stock-dividend\/","title":{"rendered":"C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET: T\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn v\u1edbi c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 chi\u1ebfn l\u01b0\u1ee3c"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":259834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[45],"class_list":["post-306676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data","tag-stock"],"acf":{"h1":"Ph\u00e2n T\u00edch C\u1ed5 T\u1ee9c C\u1ed5 Phi\u1ebfu ET","h1_source":{"label":"H1","type":"text","formatted_value":"Ph\u00e2n T\u00edch C\u1ed5 T\u1ee9c C\u1ed5 Phi\u1ebfu ET"},"description":"N\u1eafm v\u1eefng \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET v\u1edbi d\u1eef li\u1ec7u c\u1ee5 th\u1ec3 v\u1ec1 l\u1ee3i su\u1ea5t 8%, thanh to\u00e1n h\u00e0ng qu\u00fd v\u00e0 c\u00e1c ng\u00e0y quan tr\u1ecdng tr\u01b0\u1edbc khi chia c\u1ed5 t\u1ee9c. Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 thi\u1ebft y\u1ebfu \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a thu nh\u1eadp t\u1eeb c\u1ed5 t\u1ee9c.","description_source":{"label":"Description","type":"textarea","formatted_value":"N\u1eafm v\u1eefng \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET v\u1edbi d\u1eef li\u1ec7u c\u1ee5 th\u1ec3 v\u1ec1 l\u1ee3i su\u1ea5t 8%, thanh to\u00e1n h\u00e0ng qu\u00fd v\u00e0 c\u00e1c ng\u00e0y quan tr\u1ecdng tr\u01b0\u1edbc khi chia c\u1ed5 t\u1ee9c. Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 thi\u1ebft y\u1ebfu \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a thu nh\u1eadp t\u1eeb c\u1ed5 t\u1ee9c."},"intro":"C\u1ed5 phi\u1ebfu ET hi\u1ec7n \u0111ang cung c\u1ea5p l\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c 8,1% v\u1edbi c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd trung b\u00ecnh $0.3125 m\u1ed7i c\u1ed5 phi\u1ebfu. Ph\u00e2n t\u00edch c\u1ee7a ch\u00fang t\u00f4i gi\u1ea3i m\u00e3 l\u1ecbch s\u1eed c\u1ed5 t\u1ee9c 10 n\u0103m c\u1ee7a Energy Transfer, d\u1ef1 b\u00e1o ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c h\u00e0ng n\u0103m 5-7% \u0111\u1ebfn n\u0103m 2026, v\u00e0 ph\u00e1c th\u1ea3o c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u1eddi gian c\u1ee5 th\u1ec3 tr\u01b0\u1edbc ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n m\u00e0 c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 c\u00f3 kinh nghi\u1ec7m \u0111\u1ec1u c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u1ec3 t\u0103ng c\u01b0\u1eddng thu nh\u1eadp ngay l\u1eadp t\u1ee9c.","intro_source":{"label":"Intro","type":"text","formatted_value":"C\u1ed5 phi\u1ebfu ET hi\u1ec7n \u0111ang cung c\u1ea5p l\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c 8,1% v\u1edbi c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd trung b\u00ecnh $0.3125 m\u1ed7i c\u1ed5 phi\u1ebfu. Ph\u00e2n t\u00edch c\u1ee7a ch\u00fang t\u00f4i gi\u1ea3i m\u00e3 l\u1ecbch s\u1eed c\u1ed5 t\u1ee9c 10 n\u0103m c\u1ee7a Energy Transfer, d\u1ef1 b\u00e1o ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c h\u00e0ng n\u0103m 5-7% \u0111\u1ebfn n\u0103m 2026, v\u00e0 ph\u00e1c th\u1ea3o c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u1eddi gian c\u1ee5 th\u1ec3 tr\u01b0\u1edbc ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n m\u00e0 c\u1ea3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 c\u00f3 kinh nghi\u1ec7m \u0111\u1ec1u c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u1ec3 t\u0103ng c\u01b0\u1eddng thu nh\u1eadp ngay l\u1eadp t\u1ee9c."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Hi\u1ec3u v\u1ec1 C\u01a1 b\u1ea3n C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Energy Transfer LP (ET) hi\u1ec7n \u0111ang cung c\u1ea5p l\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c 8,1%, v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi m\u1ee9c trung b\u00ecnh 1,4% c\u1ee7a S&amp;P 500. G\u00e3 kh\u1ed5ng l\u1ed3 n\u0103ng l\u01b0\u1ee3ng trung l\u01b0u n\u00e0y \u0111\u00e3 ph\u00e2n ph\u1ed1i $0,3125 m\u1ed7i \u0111\u01a1n v\u1ecb trong kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd g\u1ea7n \u0111\u00e2y nh\u1ea5t, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng $1,25 h\u00e0ng n\u0103m. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 theo d\u00f5i c\u1ed5 t\u1ee9c c\u1ee7a Pocket Option c\u00f3 th\u1ec3 theo d\u00f5i c\u00e1c kho\u1ea3n thanh to\u00e1n \u0111\u00e1ng k\u1ec3 n\u00e0y, \u0111i\u1ec1u n\u00e0y \u0111\u00e3 l\u00e0m cho ET tr\u1edf th\u00e0nh m\u1ed9t ph\u1ea7n quan tr\u1ecdng trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 thu nh\u1eadp m\u1eb7c d\u00f9 c\u00f3 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>L\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET cho th\u1ea5y s\u1ef1 ki\u00ean c\u01b0\u1eddng qua c\u00e1c chu k\u1ef3 th\u1ecb tr\u01b0\u1eddng. M\u1eb7c d\u00f9 ET \u0111\u00e3 gi\u1ea3m ph\u00e2n ph\u1ed1i trong th\u1eddi k\u1ef3 suy tho\u00e1i n\u0103ng l\u01b0\u1ee3ng n\u0103m 2017 t\u1eeb $0,285 xu\u1ed1ng c\u00f2n $0,153 m\u1ed7i qu\u00fd, c\u00f4ng ty \u0111\u00e3 x\u00e2y d\u1ef1ng l\u1ea1i kho\u1ea3n thanh to\u00e1n c\u1ee7a m\u00ecnh l\u00ean m\u1ee9c hi\u1ec7n t\u1ea1i, \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi c\u00e1c ch\u1ec9 s\u1ed1 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 v\u00e0 t\u1ef7 l\u1ec7 bao ph\u1ee7 d\u00f2ng ti\u1ec1n m\u1eb7t c\u1ea3i thi\u1ec7n v\u01b0\u1ee3t qu\u00e1 1,8 l\u1ea7n.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Kh\u00eda c\u1ea1nh C\u1ed5 t\u1ee9c ET<\/th><th>D\u1eef li\u1ec7u Hi\u1ec7n t\u1ea1i (2025)<\/th><\/tr><\/thead><tbody><tr><td>L\u1ee3i su\u1ea5t H\u00e0ng n\u0103m<\/td><td>8,1% (so v\u1edbi S&amp;P 500 l\u00e0 1,4%)<\/td><\/tr><tr><td>Thanh to\u00e1n H\u00e0ng qu\u00fd<\/td><td>$0,3125 m\u1ed7i \u0111\u01a1n v\u1ecb<\/td><\/tr><tr><td>T\u1ef7 l\u1ec7 Bao ph\u1ee7 Ph\u00e2n ph\u1ed1i<\/td><td>1,83x (Q4 2024)<\/td><\/tr><tr><td>X\u1eed l\u00fd Thu\u1ebf<\/td><td>Ph\u00e2n ph\u1ed1i \u0111\u1ed1i t\u00e1c (K-1)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>L\u1ecbch s\u1eed C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET: Ph\u00e2n t\u00edch Hi\u1ec7u su\u1ea5t C\u1ee5 th\u1ec3<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Xem x\u00e9t l\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET ti\u1ebft l\u1ed9 nh\u1eefng th\u00f4ng tin quan tr\u1ecdng cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 thu nh\u1eadp. K\u1ec3 t\u1eeb n\u0103m 2014, ET \u0111\u00e3 tr\u1ea3 $11,86 m\u1ed7i \u0111\u01a1n v\u1ecb trong t\u1ed5ng s\u1ed1 ph\u00e2n ph\u1ed1i m\u1eb7c d\u00f9 \u0111\u00e3 tr\u1ea3i qua ba cu\u1ed9c suy tho\u00e1i l\u1edbn c\u1ee7a ng\u00e0nh. Trong \u0111\u1ea1i d\u1ecbch n\u0103m 2020, khi nhi\u1ec1u c\u00f4ng ty n\u0103ng l\u01b0\u1ee3ng ng\u1eebng ho\u00e0n to\u00e0n c\u1ed5 t\u1ee9c, ET v\u1eabn duy tr\u00ec kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd gi\u1ea3m $0,153, th\u1ec3 hi\u1ec7n cam k\u1ebft c\u1ee7a m\u00ecnh trong vi\u1ec7c cung c\u1ea5p l\u1ee3i nhu\u1eadn cho c\u1ed5 \u0111\u00f4ng ngay c\u1ea3 trong m\u00f4i tr\u01b0\u1eddng th\u00e1ch th\u1ee9c.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Bi\u1ec3u \u0111\u1ed3 c\u1ed5 t\u1ee9c l\u1ecbch s\u1eed c\u1ee7a Pocket Option ti\u1ebft l\u1ed9 s\u1ef1 ti\u1ebfn tri\u1ec3n ph\u00e2n ph\u1ed1i c\u1ee7a ET qua c\u00e1c giai \u0111o\u1ea1n quan tr\u1ecdng n\u00e0y, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 h\u00ecnh dung s\u1ef1 \u1ed5n \u0111\u1ecbnh thanh to\u00e1n so v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7 nh\u01b0 EPD (3,5% CAGR) v\u00e0 MMP (4,1% CAGR) trong c\u00f9ng k\u1ef3.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>H\u00e0nh tr\u00ecnh Kh\u00f4i ph\u1ee5c C\u1ed5 t\u1ee9c c\u1ee7a ET<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 ph\u1ee5c h\u1ed3i c\u1ed5 t\u1ee9c c\u1ee7a ET \u0111\u00e3 theo m\u1ed9t con \u0111\u01b0\u1eddng c\u00f3 ph\u01b0\u01a1ng ph\u00e1p:<\/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'>Q3 2016: Ph\u00e2n ph\u1ed1i h\u00e0ng qu\u00fd cao nh\u1ea5t l\u00e0 $0,285 ($1,14 h\u00e0ng n\u0103m h\u00f3a)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q1 2018: Gi\u1ea3m xu\u1ed1ng c\u00f2n $0,153 h\u00e0ng qu\u00fd trong qu\u00e1 tr\u00ecnh t\u00e1i c\u1ea5u tr\u00fac ng\u00e0nh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q3 2021: T\u0103ng \u0111\u1ea7u ti\u00ean sau \u0111\u1ea1i d\u1ecbch l\u00ean $0,1525 h\u00e0ng qu\u00fd<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q2 2023: \u0110\u1ea1t $0,2550 h\u00e0ng qu\u00fd khi t\u1ef7 l\u1ec7 n\u1ee3 c\u1ea3i thi\u1ec7n l\u00ean 4,1x<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q1 2025: Hi\u1ec7n t\u1ea1i $0,3125 h\u00e0ng qu\u00fd v\u1edbi qu\u1ea3n l\u00fd b\u00e1o hi\u1ec7u s\u1ef1 t\u0103ng tr\u01b0\u1edfng ti\u1ebfp t\u1ee5c<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u00f4 h\u00ecnh kh\u00f4i ph\u1ee5c n\u00e0y th\u1ec3 hi\u1ec7n c\u00e1ch ti\u1ebfp c\u1eadn c\u00e2n b\u1eb1ng c\u1ee7a qu\u1ea3n l\u00fd ET gi\u1eefa \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh v\u00e0 l\u1ee3i nhu\u1eadn c\u1ed5 \u0111\u00f4ng. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 so s\u00e1nh c\u1ee7a Pocket Option c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c m\u00f4 h\u00ecnh ph\u1ee5c h\u1ed3i t\u01b0\u01a1ng t\u1ef1 khi \u0111\u00e1nh gi\u00e1 c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh trung l\u01b0u kh\u00e1c nh\u01b0 MPLX (l\u1ee3i su\u1ea5t 7,3%) ho\u1eb7c DCP (l\u1ee3i su\u1ea5t 6,8%).<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Giai \u0111o\u1ea1n<\/th><th>Ph\u00e2n ph\u1ed1i H\u00e0ng qu\u00fd<\/th><th>B\u1ed1i c\u1ea3nh T\u00e0i ch\u00ednh<\/th><\/tr><\/thead><tbody><tr><td>2014-2016<\/td><td>$0,285 (cao nh\u1ea5t)<\/td><td>N\u1ee3\/EBITDA: 5,8x, DCF bao ph\u1ee7: 0,9x<\/td><\/tr><tr><td>2017-2020<\/td><td>$0,153 (gi\u1ea3m)<\/td><td>N\u1ee3\/EBITDA: 5,2x, DCF bao ph\u1ee7: 1,7x<\/td><\/tr><tr><td>2021-2023<\/td><td>$0,175-$0,255<\/td><td>N\u1ee3\/EBITDA: 4,6x, DCF bao ph\u1ee7: 1,8x<\/td><\/tr><tr><td>2024-Hi\u1ec7n t\u1ea1i<\/td><td>$0,3125 (hi\u1ec7n t\u1ea1i)<\/td><td>N\u1ee3\/EBITDA: 4,1x, DCF bao ph\u1ee7: 1,83x<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n t\u00edch D\u1ef1 b\u00e1o C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET v\u1edbi D\u1eef li\u1ec7u C\u1ee9ng<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c m\u00f4 h\u00ecnh d\u1ef1 b\u00e1o c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET hi\u1ec7n t\u1ea1i t\u1eeb c\u00e1c nh\u00e0 ph\u00e2n t\u00edch ch\u00ednh d\u1ef1 ki\u1ebfn t\u0103ng tr\u01b0\u1edfng ph\u00e2n ph\u1ed1i h\u00e0ng n\u0103m 5-7% \u0111\u1ebfn n\u0103m 2026, \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi $2,1 t\u1ef7 d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0 th\u1eeba c\u1ee7a ET sau c\u00e1c ph\u00e2n ph\u1ed1i hi\u1ec7n t\u1ea1i. V\u1edbi 75% doanh thu c\u1ee7a ET \u0111\u1ebfn t\u1eeb c\u00e1c h\u1ee3p \u0111\u1ed3ng d\u1ef1a tr\u00ean ph\u00ed \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7 kh\u1ecfi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 h\u00e0ng h\u00f3a, d\u1ef1 b\u00e1o \u1ed5n \u0111\u1ecbnh c\u1ed5 t\u1ee9c v\u1eabn m\u1ea1nh m\u1ebd m\u1eb7c d\u00f9 c\u00f3 kh\u1ea3 n\u0103ng bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ch\u1ec9 s\u1ed1 D\u1ef1 b\u00e1o \u0110\u1ecbnh l\u01b0\u1ee3ng<\/h3><\/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'>T\u1ef7 l\u1ec7 Bao ph\u1ee7 Ph\u00e2n ph\u1ed1i: Hi\u1ec7n t\u1ea1i 1,83x so v\u1edbi trung b\u00ecnh ng\u00e0nh 1,6x cho th\u1ea5y kh\u1ea3 n\u0103ng t\u0103ng ph\u00e2n ph\u1ed1i th\u00eam 12%<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t D\u00f2ng ti\u1ec1n T\u1ef1 do: 12,3% cho n\u0103m 2024 h\u1ed7 tr\u1ee3 kh\u1ea3 n\u0103ng t\u0103ng ph\u00e2n ph\u1ed1i m\u00e0 kh\u00f4ng c\u1ea7n \u0111\u00f2n b\u1ea9y b\u1ed5 sung<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 \u00e1n T\u0103ng tr\u01b0\u1edfng \u0110\u00e3 B\u1ea3o \u0111\u1ea3m: Ch\u01b0\u01a1ng tr\u00ecnh v\u1ed1n $5,4 t\u1ef7 \u0111\u1ebfn n\u0103m 2026 v\u1edbi k\u1ef3 v\u1ecdng b\u1ed9i s\u1ed1 EBITDA 7x<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m N\u1ee3: Gi\u1ea3m n\u1ee3 r\u00f2ng $3,2 t\u1ef7 k\u1ec3 t\u1eeb n\u0103m 2021 c\u1ea3i thi\u1ec7n t\u00ednh linh ho\u1ea1t t\u00e0i ch\u00ednh<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1ef1 b\u00e1o c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET ph\u1ea3i t\u00ednh \u0111\u1ebfn c\u00e1c v\u1ee5 mua l\u1ea1i chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a ET n\u0103m 2024, b\u1ed5 sung kho\u1ea3ng $800 tri\u1ec7u EBITDA h\u00e0ng n\u0103m. C\u00f4ng c\u1ee5 d\u1ef1 b\u00e1o c\u1ee7a Pocket Option ch\u1ec9 ra r\u1eb1ng c\u00e1c b\u1ed5 sung n\u00e0y c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 t\u0103ng ph\u00e2n ph\u1ed1i l\u00ean $0,36 h\u00e0ng qu\u00fd v\u00e0o Q4 2026, \u0111\u1ea1i di\u1ec7n cho l\u1ee3i su\u1ea5t ti\u1ec1m n\u0103ng tr\u00ean chi ph\u00ed hi\u1ec7n t\u1ea1i g\u1ea7n 9,3%.<\/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 D\u1ef1 b\u00e1o<\/th><th>Gi\u00e1 tr\u1ecb Hi\u1ec7n t\u1ea1i c\u1ee7a ET<\/th><th>Chu\u1ea9n Ng\u00e0nh<\/th><th>T\u00e1c \u0111\u1ed9ng D\u1ef1 b\u00e1o<\/th><\/tr><\/thead><tbody><tr><td>Xu h\u01b0\u1edbng DCR<\/td><td>1,83x<\/td><td>Trung b\u00ecnh ng\u00e0nh 1,6x<\/td><td>H\u1ed7 tr\u1ee3 kh\u1ea3 n\u0103ng t\u0103ng ph\u00e2n ph\u1ed1i 12%<\/td><\/tr><tr><td>L\u1ee3i su\u1ea5t FCF<\/td><td>12,3%<\/td><td>Trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p 8,7%<\/td><td>$2,1B ti\u1ec1n m\u1eb7t d\u01b0 th\u1eeba cho ph\u00e2n ph\u1ed1i\/mua l\u1ea1i<\/td><\/tr><tr><td>C\u1ea5u tr\u00fac H\u1ee3p \u0111\u1ed3ng<\/td><td>75% d\u1ef1a tr\u00ean ph\u00ed<\/td><td>Trung b\u00ecnh ng\u00e0nh 65%<\/td><td>\u0110\u1ed9 ch\u1eafc ch\u1eafn d\u00f2ng ti\u1ec1n cao h\u01a1n cho k\u1ebf ho\u1ea1ch ph\u00e2n ph\u1ed1i<\/td><\/tr><tr><td>T\u1ef7 l\u1ec7 \u0110\u00f2n b\u1ea9y<\/td><td>4,1x<\/td><td>Trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p 4,5x<\/td><td>T\u0103ng t\u00ednh linh ho\u1ea1t t\u00e0i ch\u00ednh cho vi\u1ec7c tr\u1ea3 l\u1ea1i v\u1ed1n<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u1ed5 phi\u1ebfu ET C\u00f3 Ph\u1ea3i L\u00e0 Mua? \u0110\u00e1nh gi\u00e1 D\u1ef1a tr\u00ean B\u1eb1ng ch\u1ee9ng<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Khi \u0111\u00e1nh gi\u00e1 li\u1ec7u quy\u1ebft \u0111\u1ecbnh mua c\u1ed5 phi\u1ebfu ET c\u00f3 h\u1ee3p l\u00fd hay kh\u00f4ng, c\u00e1c ch\u1ec9 s\u1ed1 \u0111\u1ecbnh gi\u00e1 hi\u1ec7n t\u1ea1i cung c\u1ea5p b\u1eb1ng ch\u1ee9ng thuy\u1ebft ph\u1ee5c. Giao d\u1ecbch \u1edf m\u1ee9c 9,2x EV\/EBITDA d\u1ef1 ki\u1ebfn so v\u1edbi m\u1ee9c trung b\u00ecnh ng\u00e0nh trung l\u01b0u l\u00e0 10,5x, ET cung c\u1ea5p c\u1ea3 gi\u00e1 tr\u1ecb v\u00e0 ti\u1ec1m n\u0103ng thu nh\u1eadp. C\u00f4ng c\u1ee5 so s\u00e1nh c\u1ee7a Pocket Option l\u00e0m n\u1ed5i b\u1eadt m\u1ee9c chi\u1ebft kh\u1ea5u \u0111\u1ecbnh gi\u00e1 12% n\u00e0y m\u1eb7c d\u00f9 ET c\u00f3 kh\u1ea3 n\u0103ng bao ph\u1ee7 ph\u00e2n ph\u1ed1i v\u00e0 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng v\u01b0\u1ee3t tr\u1ed9i.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c ch\u1ec9 s\u1ed1 mua \u0111\u1ecbnh l\u01b0\u1ee3ng cho ET bao g\u1ed3m:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i 8,1% (cao h\u01a1n 3,2 l\u1ea7n so v\u1edbi m\u1ee9c trung b\u00ecnh ch\u1ec9 s\u1ed1 trung l\u01b0u MLPA)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t d\u00f2ng ti\u1ec1n t\u1ef1 do 12,3% h\u1ed7 tr\u1ee3 c\u1ea3 t\u0103ng tr\u01b0\u1edfng ph\u00e2n ph\u1ed1i v\u00e0 mua l\u1ea1i \u0111\u01a1n v\u1ecb<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 \u00e1n t\u0103ng tr\u01b0\u1edfng tr\u1ecb gi\u00e1 $5,4 t\u1ef7 d\u1ef1 ki\u1ebfn t\u1ea1o ra th\u00eam $770 tri\u1ec7u EBITDA v\u00e0o n\u0103m 2026<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ecbnh gi\u00e1 EV\/EBITDA 9,2x (chi\u1ebft kh\u1ea5u 12% so v\u1edbi trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p) t\u1ea1o ra bi\u00ean \u0111\u1ed9 an to\u00e0n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Vi\u1ec7c mua l\u1ea1i 450.000 \u0111\u01a1n v\u1ecb c\u1ee7a c\u00e1c gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh trong Q4 2024 cho th\u1ea5y s\u1ef1 t\u1ef1 tin c\u1ee7a qu\u1ea3n l\u00fd<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e2n nh\u1eafc v\u1edbi nh\u1eefng \u0111i\u1ec3m t\u00edch c\u1ef1c n\u00e0y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i xem x\u00e9t s\u1ef1 ph\u1ee9c t\u1ea1p v\u1ec1 thu\u1ebf K-1 c\u1ee7a ET, r\u1ee7i ro ph\u00e1p l\u00fd \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ph\u00ea duy\u1ec7t \u0111\u01b0\u1eddng \u1ed1ng, v\u00e0 nh\u1eefng th\u00e1ch th\u1ee9c ti\u1ec1m n\u0103ng trong chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng d\u00e0i h\u1ea1n. Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y gi\u1ea3i th\u00edch cho m\u1ee9c chi\u1ebft kh\u1ea5u \u0111\u1ecbnh gi\u00e1 nh\u01b0ng c\u00f3 th\u1ec3 mang l\u1ea1i c\u01a1 h\u1ed9i cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o thu nh\u1eadp v\u1edbi kh\u1ea3 n\u0103ng ch\u1ecbu r\u1ee7i ro ph\u00f9 h\u1ee3p.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>H\u1ed3 s\u01a1 Nh\u00e0 \u0111\u1ea7u t\u01b0<\/th><th>Khuy\u1ebfn ngh\u1ecb Ph\u00e2n b\u1ed5 ET<\/th><th>K\u1ebft qu\u1ea3 D\u1ef1 ki\u1ebfn<\/th><\/tr><\/thead><tbody><tr><td>Ng\u01b0\u1eddi ngh\u1ec9 h\u01b0u t\u1eadp trung v\u00e0o thu nh\u1eadp<\/td><td>5-7% danh m\u1ee5c thu nh\u1eadp<\/td><td>L\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i 8,1% v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng h\u00e0ng n\u0103m 5-7%<\/td><\/tr><tr><td>C\u00e2n b\u1eb1ng t\u0103ng tr\u01b0\u1edfng &amp; thu nh\u1eadp<\/td><td>3-5% t\u1ed5ng danh m\u1ee5c<\/td><td>L\u1ee3i su\u1ea5t c\u1ed9ng v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 15-20% \u0111\u1ebfn gi\u00e1 tr\u1ecb h\u1ee3p l\u00fd<\/td><\/tr><tr><td>T\u00edch l\u0169y d\u00e0i h\u1ea1n<\/td><td>2-4% v\u1edbi \u0111\u0103ng k\u00fd DRIP<\/td><td>L\u1ee3i nhu\u1eadn t\u1ed5ng h\u1ee3p h\u00e0ng n\u0103m ti\u1ec1m n\u0103ng 12,5% (l\u1ee3i su\u1ea5t c\u1ed9ng t\u0103ng tr\u01b0\u1edfng)<\/td><\/tr><tr><td>Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o ESG<\/td><td>Ti\u1ebfp x\u00fac h\u1ea1n ch\u1ebf (0-2%)<\/td><td>L\u1ee3i su\u1ea5t cao h\u01a1n nh\u01b0ng c\u00f3 r\u1ee7i ro chuy\u1ec3n \u0111\u1ed5i ti\u1ec1m n\u0103ng trong khung th\u1eddi gian 2030+<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ng\u00e0y Giao d\u1ecbch Kh\u00f4ng H\u01b0\u1edfng C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET: C\u01a1 h\u1ed9i Giao d\u1ecbch Chi\u1ebfn l\u01b0\u1ee3c<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u l\u1ecbch ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET t\u1ea1o ra l\u1ee3i th\u1ebf chi\u1ebfn thu\u1eadt cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 thu nh\u1eadp. Ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c ti\u1ebfp theo c\u1ee7a ET l\u00e0 ng\u00e0y 4 th\u00e1ng 4 n\u0103m 2025, v\u1edbi ng\u00e0y ghi nh\u1eadn l\u00e0 ng\u00e0y 6 th\u00e1ng 4 v\u00e0 ng\u00e0y thanh to\u00e1n l\u00e0 ng\u00e0y 15 th\u00e1ng 5. Ng\u01b0\u1eddi d\u00f9ng Pocket Option c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3 xung quanh c\u00e1c ng\u00e0y n\u00e0y \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a c\u00e1ch ti\u1ebfp c\u1eadn thu nh\u1eadp c\u1ee7a h\u1ecd.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c T\u00f9y ch\u1ecdn Chi\u1ebfn l\u01b0\u1ee3c Kh\u00f4ng H\u01b0\u1edfng C\u1ed5 t\u1ee9c<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>H\u00e0nh \u0111\u1ed9ng gi\u00e1 l\u1ecbch s\u1eed cho th\u1ea5y c\u1ed5 phi\u1ebfu ET th\u01b0\u1eddng gi\u1ea3m 0,7-0,9% v\u00e0o c\u00e1c ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c, \u00edt h\u01a1n gi\u00e1 tr\u1ecb c\u1ed5 t\u1ee9c h\u00e0ng qu\u00fd 0,78%, t\u1ea1o ra c\u01a1 h\u1ed9i ch\u00eanh l\u1ec7ch gi\u00e1 ti\u1ec1m n\u0103ng:<\/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'>Mua tr\u01b0\u1edbc ng\u00e0y 3 th\u00e1ng 4 n\u0103m 2025: \u0110\u1ee7 \u0111i\u1ec1u ki\u1ec7n nh\u1eadn thanh to\u00e1n $0,3125 v\u00e0o th\u00e1ng 5 (l\u1ee3i su\u1ea5t h\u00e0ng n\u0103m h\u00f3a 8,1%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Mua chi\u1ebfn l\u01b0\u1ee3c v\u00e0o ng\u00e0y 4 th\u00e1ng 4 n\u0103m 2025: Gi\u1ea3m gi\u00e1 0,7-0,9% l\u1ecbch s\u1eed cung c\u1ea5p m\u1ee9c chi\u1ebft kh\u1ea5u \u0111\u1ea7u v\u00e0o ti\u1ec1m n\u0103ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn: B\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m v\u1edbi ng\u00e0y h\u1ebft h\u1ea1n 11 th\u00e1ng 4 \u0111\u1ec3 thu c\u1ed5 t\u1ee9c c\u1ed9ng v\u1edbi ph\u00ed b\u1ea3o hi\u1ec3m<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c chuy\u00ean nghi\u1ec7p s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 t\u00edch h\u1ee3p l\u1ecbch c\u1ee7a Pocket Option ph\u00e1t tri\u1ec3n c\u00e1c c\u00e1ch ti\u1ebfp c\u1eadn c\u00f3 h\u1ec7 th\u1ed1ng \u0111\u1ed1i v\u1edbi chu k\u1ef3 c\u1ed5 t\u1ee9c h\u00e0ng qu\u00fd c\u1ee7a ET. B\u1eb1ng c\u00e1ch ph\u00e2n t\u00edch t\u00e1m ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c g\u1ea7n nh\u1ea5t, m\u1ed9t m\u00f4 h\u00ecnh xu\u1ea5t hi\u1ec7n: c\u1ed5 phi\u1ebfu ET th\u01b0\u1eddng ph\u1ee5c h\u1ed3i \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c trong v\u00f2ng 7-9 ng\u00e0y giao d\u1ecbch, nhanh h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh l\u00e0 11 ng\u00e0y.<\/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>Th\u1eddi gian Th\u1ef1c hi\u1ec7n<\/th><th>K\u1ebft qu\u1ea3 L\u1ecbch s\u1eed (4 Qu\u00fd g\u1ea7n nh\u1ea5t)<\/th><\/tr><\/thead><tbody><tr><td>T\u00edch l\u0169y Tr\u01b0\u1edbc Ng\u00e0y Kh\u00f4ng H\u01b0\u1edfng<\/td><td>Mua tr\u01b0\u1edbc 5-7 ng\u00e0y tr\u01b0\u1edbc ng\u00e0y kh\u00f4ng h\u01b0\u1edfng<\/td><td>+1,3% t\u0103ng gi\u00e1 trung b\u00ecnh c\u1ed9ng c\u1ed5 t\u1ee9c<\/td><\/tr><tr><td>Mua v\u00e0o Ng\u00e0y Kh\u00f4ng H\u01b0\u1edfng<\/td><td>Mua v\u00e0o bu\u1ed5i s\u00e1ng ng\u00e0y kh\u00f4ng h\u01b0\u1edfng<\/td><td>+0,9% l\u1ee3i nhu\u1eadn trung b\u00ecnh 10 ng\u00e0y (b\u1ecf l\u1ee1 c\u1ed5 t\u1ee9c)<\/td><\/tr><tr><td>Thu C\u1ed5 t\u1ee9c v\u1edbi Quy\u1ec1n ch\u1ecdn<\/td><td>Mua c\u1ed5 phi\u1ebfu, b\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m tr\u01b0\u1edbc ng\u00e0y kh\u00f4ng h\u01b0\u1edfng<\/td><td>C\u1ed5 t\u1ee9c c\u1ed9ng ph\u00ed b\u1ea3o hi\u1ec3m quy\u1ec1n ch\u1ecdn 1,2-1,8%<\/td><\/tr><tr><td>Th\u1eddi gian \u0110\u0103ng k\u00fd DRIP<\/td><td>B\u1eadt c\u00e0i \u0111\u1eb7t DRIP tr\u01b0\u1edbc ng\u00e0y ghi nh\u1eadn<\/td><td>L\u1ee3i su\u1ea5t 8,1% c\u1ed9ng l\u1ee3i \u00edch trung b\u00ecnh gi\u00e1 theo th\u1eddi gian<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ng\u00e0y Thanh to\u00e1n C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET: L\u1eadp K\u1ebf ho\u1ea1ch D\u00f2ng Ti\u1ec1n Ch\u00ednh x\u00e1c<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>L\u1ecbch tr\u00ecnh ng\u00e0y thanh to\u00e1n c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET cho ph\u00e9p l\u1eadp k\u1ebf ho\u1ea1ch thu nh\u1eadp ch\u00ednh x\u00e1c. ET ph\u00e2n ph\u1ed1i c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd kho\u1ea3ng 45 ng\u00e0y sau khi k\u1ebft th\u00fac qu\u00fd, v\u1edbi l\u1ecbch tr\u00ecnh s\u1eafp t\u1edbi:<\/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'>Q1 2025: Thanh to\u00e1n ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025 ($0,3125 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q2 2025: Thanh to\u00e1n ng\u00e0y 14 th\u00e1ng 8 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0,325 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q3 2025: Thanh to\u00e1n ng\u00e0y 13 th\u00e1ng 11 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0,335 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q4 2025: Thanh to\u00e1n ng\u00e0y 12 th\u00e1ng 2 n\u0103m 2026 (d\u1ef1 ki\u1ebfn $0,345 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>L\u1ecbch c\u1ed5 t\u1ee9c c\u1ee7a Pocket Option t\u1ef1 \u0111\u1ed9ng hi\u1ec3n th\u1ecb c\u00e1c ng\u00e0y n\u00e0y, cho ph\u00e9p l\u1eadp k\u1ebf ho\u1ea1ch d\u00f2ng ti\u1ec1n ch\u00ednh x\u00e1c. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ea3n l\u00fd nhi\u1ec1u ngu\u1ed3n thu nh\u1eadp, ph\u1ed1i h\u1ee3p c\u00e1c kho\u1ea3n thanh to\u00e1n c\u1ee7a ET v\u1edbi c\u00e1c kho\u1ea3n n\u1eafm gi\u1eef kh\u00e1c t\u1ea1o ra d\u00f2ng thu nh\u1eadp h\u00e0ng th\u00e1ng \u1ed5n \u0111\u1ecbnh m\u1eb7c d\u00f9 c\u00f3 l\u1ecbch tr\u00ecnh thanh to\u00e1n h\u00e0ng qu\u00fd.<\/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 D\u00f2ng Ti\u1ec1n<\/th><th>Th\u1ef1c hi\u1ec7n V\u1edbi ET<\/th><th>K\u1ebft qu\u1ea3 D\u1ef1 ki\u1ebfn<\/th><\/tr><\/thead><tbody><tr><td>Chia nh\u1ecf Thu nh\u1eadp<\/td><td>K\u1ebft h\u1ee3p ET (Th\u00e1ng 2\/Th\u00e1ng 5\/Th\u00e1ng 8\/Th\u00e1ng 11) v\u1edbi c\u1ed5 phi\u1ebfu tr\u1ea3 v\u00e0o c\u00e1c th\u00e1ng kh\u00e1c<\/td><td>D\u00f2ng thu nh\u1eadp h\u00e0ng th\u00e1ng m\u1eb7c d\u00f9 c\u00f3 c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd<\/td><\/tr><tr><td>Th\u1eddi gian T\u00e1i \u0111\u1ea7u t\u01b0<\/td><td>T\u1ef1 \u0111\u1ed9ng t\u00e1i \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c ET v\u00e0o c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 v\u00e0o ng\u00e0y thanh to\u00e1n<\/td><td>Thu l\u1ee3i su\u1ea5t ET trong khi duy tr\u00ec \u0111a d\u1ea1ng h\u00f3a<\/td><\/tr><tr><td>Kh\u1edbp Chi ph\u00ed<\/td><td>Ph\u00f9 h\u1ee3p 100 \u0111\u01a1n v\u1ecb ($31,25 h\u00e0ng qu\u00fd) v\u1edbi c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00f3a \u0111\u01a1n c\u1ee5 th\u1ec3<\/td><td>C\u00e1c ngu\u1ed3n thu nh\u1eadp d\u00e0nh ri\u00eang cho c\u00e1c chi ph\u00ed th\u01b0\u1eddng xuy\u00ean<\/td><\/tr><tr><td>L\u1eadp K\u1ebf ho\u1ea1ch Thu\u1ebf<\/td><td>S\u1eed d\u1ee5ng c\u1ea5u tr\u00fac ph\u00e2n ph\u1ed1i K-1 c\u1ee7a ET \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a hi\u1ec7u qu\u1ea3 thu\u1ebf<\/td><td>M\u1ed9t ph\u1ea7n ph\u00e2n ph\u1ed1i \u0111\u01b0\u1ee3c coi l\u00e0 ho\u00e0n v\u1ed1n<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u00edch h\u1ee3p C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET v\u00e0o Chi\u1ebfn l\u01b0\u1ee3c Danh m\u1ee5c \u0110\u1ea7u t\u01b0 c\u1ee7a B\u1ea1n<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ngo\u00e0i ph\u00e2n t\u00edch c\u00e1 nh\u00e2n, c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET \u0111\u1ea1i di\u1ec7n cho m\u1ed9t th\u00e0nh ph\u1ea7n chi\u1ebfn l\u01b0\u1ee3c trong c\u00e1ch ti\u1ebfp c\u1eadn thu nh\u1eadp \u0111a d\u1ea1ng h\u00f3a. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng Pocket Option th\u01b0\u1eddng ph\u00e2n b\u1ed5 3-7% danh m\u1ee5c thu nh\u1eadp c\u1ee7a h\u1ecd cho ET, c\u00e2n b\u1eb1ng l\u1ee3i su\u1ea5t cao h\u01a1n c\u1ee7a n\u00f3 v\u1edbi s\u1ef1 t\u1eadp trung v\u00e0o ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng v\u00e0 c\u1ea5u tr\u00fac thu\u1ebf MLP.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c chi\u1ebfn l\u01b0\u1ee3c t\u00edch h\u1ee3p danh m\u1ee5c t\u1ed1i \u01b0u bao g\u1ed3m:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e2n b\u1eb1ng ng\u00e0nh: K\u1ebft h\u1ee3p l\u1ee3i su\u1ea5t 8,1% c\u1ee7a ET v\u1edbi REITs (trung b\u00ecnh 4,2%), ti\u1ec7n \u00edch (3,0%), v\u00e0 c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c (2,1%) t\u1ea1o ra c\u00e1c ngu\u1ed3n thu nh\u1eadp \u0111a d\u1ea1ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ed1i \u01b0u h\u00f3a v\u1ecb tr\u00ed t\u00e0i s\u1ea3n: Gi\u1eef ET trong c\u00e1c t\u00e0i kho\u1ea3n ch\u1ecbu thu\u1ebf t\u1eadn d\u1ee5ng l\u1ee3i \u00edch thu\u1ebf ho\u00e0n v\u1ed1n, trong khi gi\u1eef thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh trong c\u00e1c t\u00e0i kho\u1ea3n \u01b0u \u0111\u00e3i thu\u1ebf<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00f2ng ng\u1eeba bi\u1ebfn \u0111\u1ed9ng: Beta 1,45 c\u1ee7a ET y\u00eau c\u1ea7u c\u00e2n b\u1eb1ng v\u1edbi c\u00e1c ngu\u1ed3n thu nh\u1eadp c\u00f3 \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng th\u1ea5p h\u01a1n nh\u01b0 c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i (beta 0,4-0,6)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0: Ch\u1ecdn l\u1ecdc t\u00e1i \u0111\u1ea7u t\u01b0 ph\u00e2n ph\u1ed1i ET trong c\u00e1c \u0111\u1ee3t gi\u1ea3m gi\u00e1 d\u01b0\u1edbi m\u1ee9c trung b\u00ecnh \u0111\u1ed9ng 200 ng\u00e0y \u0111\u1ec3 t\u0103ng c\u01b0\u1eddng l\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n<\/li><\/ul><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>K\u1ebft lu\u1eadn: T\u1eadn d\u1ee5ng C\u01a1 h\u1ed9i C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET hi\u1ec7n \u0111ang cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 l\u1ee3i su\u1ea5t 8,1% v\u1edbi t\u0103ng tr\u01b0\u1edfng h\u00e0ng n\u0103m d\u1ef1 ki\u1ebfn 5-7% \u0111\u1ebfn n\u0103m 2026. S\u1ef1 k\u1ebft h\u1ee3p n\u00e0y mang l\u1ea1i ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn t\u1ed5ng hai ch\u1eef s\u1ed1 trong khi t\u1ea1o ra thu nh\u1eadp hi\u1ec7n t\u1ea1i \u0111\u00e1ng k\u1ec3. C\u00e1c ch\u1ec9 s\u1ed1 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n c\u1ee7a Energy Transfer, c\u01a1 s\u1edf t\u00e0i s\u1ea3n m\u1edf r\u1ed9ng, v\u00e0 kh\u1ea3 n\u0103ng bao ph\u1ee7 ph\u00e2n ph\u1ed1i nh\u1ea5t qu\u00e1n tr\u00ean 1,8x h\u1ed7 tr\u1ee3 \u0111\u1ed9 tin c\u1eady c\u1ed5 t\u1ee9c ti\u1ebfp t\u1ee5c m\u1eb7c d\u00f9 c\u00f3 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c th\u00e0nh c\u00f4ng nh\u00ecn xa h\u01a1n l\u1ee3i su\u1ea5t ti\u00eau \u0111\u1ec1 \u0111\u1ec3 hi\u1ec3u c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n c\u1ee7a doanh nghi\u1ec7p. \u0110\u1ecbnh gi\u00e1 chi\u1ebft kh\u1ea5u c\u1ee7a ET (9,2x EV\/EBITDA so v\u1edbi trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p 10,5x), d\u00f2ng ti\u1ec1n c\u00f3 th\u1ec3 ph\u00e2n ph\u1ed1i \u0111ang t\u0103ng ($2,1 t\u1ef7 d\u01b0 th\u1eeba sau c\u1ed5 t\u1ee9c hi\u1ec7n t\u1ea1i), v\u00e0 v\u1ecb tr\u00ed chi\u1ebfn l\u01b0\u1ee3c tr\u00ean c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng kh\u00ed t\u1ef1 nhi\u00ean, NGLs, v\u00e0 d\u1ea7u th\u00f4 t\u1ea1o ra m\u1ed9t tr\u01b0\u1eddng h\u1ee3p h\u1ea5p d\u1eabn cho c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o thu nh\u1eadp.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 to\u00e0n di\u1ec7n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c, bao g\u1ed3m l\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c, theo d\u00f5i l\u1ecbch s\u1eed ph\u00e2n ph\u1ed1i, v\u00e0 ph\u00e2n t\u00edch l\u1ee3i su\u1ea5t so s\u00e1nh. Cho d\u00f9 b\u1ea1n \u0111ang x\u00e2y d\u1ef1ng d\u00f2ng thu nh\u1eadp h\u01b0u tr\u00ed, th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c thu c\u1ed5 t\u1ee9c, hay t\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn t\u1ed5ng, c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ed5 t\u1ee9c c\u1ee7a ET mang l\u1ea1i l\u1ee3i \u00edch danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00f3 gi\u00e1 tr\u1ecb \u0111\u00e1ng \u0111\u01b0\u1ee3c xem x\u00e9t c\u1ea9n th\u1eadn trong c\u00e1ch ti\u1ebfp c\u1eadn \u0111\u1ea7u t\u01b0 r\u1ed9ng h\u01a1n c\u1ee7a b\u1ea1n.<\/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'>Hi\u1ec3u v\u1ec1 C\u01a1 b\u1ea3n C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Energy Transfer LP (ET) hi\u1ec7n \u0111ang cung c\u1ea5p l\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c 8,1%, v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi m\u1ee9c trung b\u00ecnh 1,4% c\u1ee7a S&amp;P 500. G\u00e3 kh\u1ed5ng l\u1ed3 n\u0103ng l\u01b0\u1ee3ng trung l\u01b0u n\u00e0y \u0111\u00e3 ph\u00e2n ph\u1ed1i $0,3125 m\u1ed7i \u0111\u01a1n v\u1ecb trong kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd g\u1ea7n \u0111\u00e2y nh\u1ea5t, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng $1,25 h\u00e0ng n\u0103m. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 theo d\u00f5i c\u1ed5 t\u1ee9c c\u1ee7a Pocket Option c\u00f3 th\u1ec3 theo d\u00f5i c\u00e1c kho\u1ea3n thanh to\u00e1n \u0111\u00e1ng k\u1ec3 n\u00e0y, \u0111i\u1ec1u n\u00e0y \u0111\u00e3 l\u00e0m cho ET tr\u1edf th\u00e0nh m\u1ed9t ph\u1ea7n quan tr\u1ecdng trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 thu nh\u1eadp m\u1eb7c d\u00f9 c\u00f3 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>L\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET cho th\u1ea5y s\u1ef1 ki\u00ean c\u01b0\u1eddng qua c\u00e1c chu k\u1ef3 th\u1ecb tr\u01b0\u1eddng. M\u1eb7c d\u00f9 ET \u0111\u00e3 gi\u1ea3m ph\u00e2n ph\u1ed1i trong th\u1eddi k\u1ef3 suy tho\u00e1i n\u0103ng l\u01b0\u1ee3ng n\u0103m 2017 t\u1eeb $0,285 xu\u1ed1ng c\u00f2n $0,153 m\u1ed7i qu\u00fd, c\u00f4ng ty \u0111\u00e3 x\u00e2y d\u1ef1ng l\u1ea1i kho\u1ea3n thanh to\u00e1n c\u1ee7a m\u00ecnh l\u00ean m\u1ee9c hi\u1ec7n t\u1ea1i, \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi c\u00e1c ch\u1ec9 s\u1ed1 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 v\u00e0 t\u1ef7 l\u1ec7 bao ph\u1ee7 d\u00f2ng ti\u1ec1n m\u1eb7t c\u1ea3i thi\u1ec7n v\u01b0\u1ee3t qu\u00e1 1,8 l\u1ea7n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Kh\u00eda c\u1ea1nh C\u1ed5 t\u1ee9c ET<\/th>\n<th>D\u1eef li\u1ec7u Hi\u1ec7n t\u1ea1i (2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>L\u1ee3i su\u1ea5t H\u00e0ng n\u0103m<\/td>\n<td>8,1% (so v\u1edbi S&amp;P 500 l\u00e0 1,4%)<\/td>\n<\/tr>\n<tr>\n<td>Thanh to\u00e1n H\u00e0ng qu\u00fd<\/td>\n<td>$0,3125 m\u1ed7i \u0111\u01a1n v\u1ecb<\/td>\n<\/tr>\n<tr>\n<td>T\u1ef7 l\u1ec7 Bao ph\u1ee7 Ph\u00e2n ph\u1ed1i<\/td>\n<td>1,83x (Q4 2024)<\/td>\n<\/tr>\n<tr>\n<td>X\u1eed l\u00fd Thu\u1ebf<\/td>\n<td>Ph\u00e2n ph\u1ed1i \u0111\u1ed1i t\u00e1c (K-1)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>L\u1ecbch s\u1eed C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET: Ph\u00e2n t\u00edch Hi\u1ec7u su\u1ea5t C\u1ee5 th\u1ec3<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Xem x\u00e9t l\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET ti\u1ebft l\u1ed9 nh\u1eefng th\u00f4ng tin quan tr\u1ecdng cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 thu nh\u1eadp. K\u1ec3 t\u1eeb n\u0103m 2014, ET \u0111\u00e3 tr\u1ea3 $11,86 m\u1ed7i \u0111\u01a1n v\u1ecb trong t\u1ed5ng s\u1ed1 ph\u00e2n ph\u1ed1i m\u1eb7c d\u00f9 \u0111\u00e3 tr\u1ea3i qua ba cu\u1ed9c suy tho\u00e1i l\u1edbn c\u1ee7a ng\u00e0nh. Trong \u0111\u1ea1i d\u1ecbch n\u0103m 2020, khi nhi\u1ec1u c\u00f4ng ty n\u0103ng l\u01b0\u1ee3ng ng\u1eebng ho\u00e0n to\u00e0n c\u1ed5 t\u1ee9c, ET v\u1eabn duy tr\u00ec kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd gi\u1ea3m $0,153, th\u1ec3 hi\u1ec7n cam k\u1ebft c\u1ee7a m\u00ecnh trong vi\u1ec7c cung c\u1ea5p l\u1ee3i nhu\u1eadn cho c\u1ed5 \u0111\u00f4ng ngay c\u1ea3 trong m\u00f4i tr\u01b0\u1eddng th\u00e1ch th\u1ee9c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Bi\u1ec3u \u0111\u1ed3 c\u1ed5 t\u1ee9c l\u1ecbch s\u1eed c\u1ee7a Pocket Option ti\u1ebft l\u1ed9 s\u1ef1 ti\u1ebfn tri\u1ec3n ph\u00e2n ph\u1ed1i c\u1ee7a ET qua c\u00e1c giai \u0111o\u1ea1n quan tr\u1ecdng n\u00e0y, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 h\u00ecnh dung s\u1ef1 \u1ed5n \u0111\u1ecbnh thanh to\u00e1n so v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7 nh\u01b0 EPD (3,5% CAGR) v\u00e0 MMP (4,1% CAGR) trong c\u00f9ng k\u1ef3.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>H\u00e0nh tr\u00ecnh Kh\u00f4i ph\u1ee5c C\u1ed5 t\u1ee9c c\u1ee7a ET<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1ef1 ph\u1ee5c h\u1ed3i c\u1ed5 t\u1ee9c c\u1ee7a ET \u0111\u00e3 theo m\u1ed9t con \u0111\u01b0\u1eddng c\u00f3 ph\u01b0\u01a1ng ph\u00e1p:<\/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'>Q3 2016: Ph\u00e2n ph\u1ed1i h\u00e0ng qu\u00fd cao nh\u1ea5t l\u00e0 $0,285 ($1,14 h\u00e0ng n\u0103m h\u00f3a)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q1 2018: Gi\u1ea3m xu\u1ed1ng c\u00f2n $0,153 h\u00e0ng qu\u00fd trong qu\u00e1 tr\u00ecnh t\u00e1i c\u1ea5u tr\u00fac ng\u00e0nh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q3 2021: T\u0103ng \u0111\u1ea7u ti\u00ean sau \u0111\u1ea1i d\u1ecbch l\u00ean $0,1525 h\u00e0ng qu\u00fd<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q2 2023: \u0110\u1ea1t $0,2550 h\u00e0ng qu\u00fd khi t\u1ef7 l\u1ec7 n\u1ee3 c\u1ea3i thi\u1ec7n l\u00ean 4,1x<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q1 2025: Hi\u1ec7n t\u1ea1i $0,3125 h\u00e0ng qu\u00fd v\u1edbi qu\u1ea3n l\u00fd b\u00e1o hi\u1ec7u s\u1ef1 t\u0103ng tr\u01b0\u1edfng ti\u1ebfp t\u1ee5c<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u00f4 h\u00ecnh kh\u00f4i ph\u1ee5c n\u00e0y th\u1ec3 hi\u1ec7n c\u00e1ch ti\u1ebfp c\u1eadn c\u00e2n b\u1eb1ng c\u1ee7a qu\u1ea3n l\u00fd ET gi\u1eefa \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh v\u00e0 l\u1ee3i nhu\u1eadn c\u1ed5 \u0111\u00f4ng. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 so s\u00e1nh c\u1ee7a Pocket Option c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c m\u00f4 h\u00ecnh ph\u1ee5c h\u1ed3i t\u01b0\u01a1ng t\u1ef1 khi \u0111\u00e1nh gi\u00e1 c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh trung l\u01b0u kh\u00e1c nh\u01b0 MPLX (l\u1ee3i su\u1ea5t 7,3%) ho\u1eb7c DCP (l\u1ee3i su\u1ea5t 6,8%).<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Giai \u0111o\u1ea1n<\/th>\n<th>Ph\u00e2n ph\u1ed1i H\u00e0ng qu\u00fd<\/th>\n<th>B\u1ed1i c\u1ea3nh T\u00e0i ch\u00ednh<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>2014-2016<\/td>\n<td>$0,285 (cao nh\u1ea5t)<\/td>\n<td>N\u1ee3\/EBITDA: 5,8x, DCF bao ph\u1ee7: 0,9x<\/td>\n<\/tr>\n<tr>\n<td>2017-2020<\/td>\n<td>$0,153 (gi\u1ea3m)<\/td>\n<td>N\u1ee3\/EBITDA: 5,2x, DCF bao ph\u1ee7: 1,7x<\/td>\n<\/tr>\n<tr>\n<td>2021-2023<\/td>\n<td>$0,175-$0,255<\/td>\n<td>N\u1ee3\/EBITDA: 4,6x, DCF bao ph\u1ee7: 1,8x<\/td>\n<\/tr>\n<tr>\n<td>2024-Hi\u1ec7n t\u1ea1i<\/td>\n<td>$0,3125 (hi\u1ec7n t\u1ea1i)<\/td>\n<td>N\u1ee3\/EBITDA: 4,1x, DCF bao ph\u1ee7: 1,83x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n t\u00edch D\u1ef1 b\u00e1o C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET v\u1edbi D\u1eef li\u1ec7u C\u1ee9ng<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c m\u00f4 h\u00ecnh d\u1ef1 b\u00e1o c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET hi\u1ec7n t\u1ea1i t\u1eeb c\u00e1c nh\u00e0 ph\u00e2n t\u00edch ch\u00ednh d\u1ef1 ki\u1ebfn t\u0103ng tr\u01b0\u1edfng ph\u00e2n ph\u1ed1i h\u00e0ng n\u0103m 5-7% \u0111\u1ebfn n\u0103m 2026, \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi $2,1 t\u1ef7 d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0 th\u1eeba c\u1ee7a ET sau c\u00e1c ph\u00e2n ph\u1ed1i hi\u1ec7n t\u1ea1i. V\u1edbi 75% doanh thu c\u1ee7a ET \u0111\u1ebfn t\u1eeb c\u00e1c h\u1ee3p \u0111\u1ed3ng d\u1ef1a tr\u00ean ph\u00ed \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7 kh\u1ecfi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 h\u00e0ng h\u00f3a, d\u1ef1 b\u00e1o \u1ed5n \u0111\u1ecbnh c\u1ed5 t\u1ee9c v\u1eabn m\u1ea1nh m\u1ebd m\u1eb7c d\u00f9 c\u00f3 kh\u1ea3 n\u0103ng bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ch\u1ec9 s\u1ed1 D\u1ef1 b\u00e1o \u0110\u1ecbnh l\u01b0\u1ee3ng<\/h3>\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'>T\u1ef7 l\u1ec7 Bao ph\u1ee7 Ph\u00e2n ph\u1ed1i: Hi\u1ec7n t\u1ea1i 1,83x so v\u1edbi trung b\u00ecnh ng\u00e0nh 1,6x cho th\u1ea5y kh\u1ea3 n\u0103ng t\u0103ng ph\u00e2n ph\u1ed1i th\u00eam 12%<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t D\u00f2ng ti\u1ec1n T\u1ef1 do: 12,3% cho n\u0103m 2024 h\u1ed7 tr\u1ee3 kh\u1ea3 n\u0103ng t\u0103ng ph\u00e2n ph\u1ed1i m\u00e0 kh\u00f4ng c\u1ea7n \u0111\u00f2n b\u1ea9y b\u1ed5 sung<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 \u00e1n T\u0103ng tr\u01b0\u1edfng \u0110\u00e3 B\u1ea3o \u0111\u1ea3m: Ch\u01b0\u01a1ng tr\u00ecnh v\u1ed1n $5,4 t\u1ef7 \u0111\u1ebfn n\u0103m 2026 v\u1edbi k\u1ef3 v\u1ecdng b\u1ed9i s\u1ed1 EBITDA 7x<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m N\u1ee3: Gi\u1ea3m n\u1ee3 r\u00f2ng $3,2 t\u1ef7 k\u1ec3 t\u1eeb n\u0103m 2021 c\u1ea3i thi\u1ec7n t\u00ednh linh ho\u1ea1t t\u00e0i ch\u00ednh<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1ef1 b\u00e1o c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET ph\u1ea3i t\u00ednh \u0111\u1ebfn c\u00e1c v\u1ee5 mua l\u1ea1i chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a ET n\u0103m 2024, b\u1ed5 sung kho\u1ea3ng $800 tri\u1ec7u EBITDA h\u00e0ng n\u0103m. C\u00f4ng c\u1ee5 d\u1ef1 b\u00e1o c\u1ee7a Pocket Option ch\u1ec9 ra r\u1eb1ng c\u00e1c b\u1ed5 sung n\u00e0y c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 t\u0103ng ph\u00e2n ph\u1ed1i l\u00ean $0,36 h\u00e0ng qu\u00fd v\u00e0o Q4 2026, \u0111\u1ea1i di\u1ec7n cho l\u1ee3i su\u1ea5t ti\u1ec1m n\u0103ng tr\u00ean chi ph\u00ed hi\u1ec7n t\u1ea1i g\u1ea7n 9,3%.<\/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 D\u1ef1 b\u00e1o<\/th>\n<th>Gi\u00e1 tr\u1ecb Hi\u1ec7n t\u1ea1i c\u1ee7a ET<\/th>\n<th>Chu\u1ea9n Ng\u00e0nh<\/th>\n<th>T\u00e1c \u0111\u1ed9ng D\u1ef1 b\u00e1o<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Xu h\u01b0\u1edbng DCR<\/td>\n<td>1,83x<\/td>\n<td>Trung b\u00ecnh ng\u00e0nh 1,6x<\/td>\n<td>H\u1ed7 tr\u1ee3 kh\u1ea3 n\u0103ng t\u0103ng ph\u00e2n ph\u1ed1i 12%<\/td>\n<\/tr>\n<tr>\n<td>L\u1ee3i su\u1ea5t FCF<\/td>\n<td>12,3%<\/td>\n<td>Trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p 8,7%<\/td>\n<td>$2,1B ti\u1ec1n m\u1eb7t d\u01b0 th\u1eeba cho ph\u00e2n ph\u1ed1i\/mua l\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td>C\u1ea5u tr\u00fac H\u1ee3p \u0111\u1ed3ng<\/td>\n<td>75% d\u1ef1a tr\u00ean ph\u00ed<\/td>\n<td>Trung b\u00ecnh ng\u00e0nh 65%<\/td>\n<td>\u0110\u1ed9 ch\u1eafc ch\u1eafn d\u00f2ng ti\u1ec1n cao h\u01a1n cho k\u1ebf ho\u1ea1ch ph\u00e2n ph\u1ed1i<\/td>\n<\/tr>\n<tr>\n<td>T\u1ef7 l\u1ec7 \u0110\u00f2n b\u1ea9y<\/td>\n<td>4,1x<\/td>\n<td>Trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p 4,5x<\/td>\n<td>T\u0103ng t\u00ednh linh ho\u1ea1t t\u00e0i ch\u00ednh cho vi\u1ec7c tr\u1ea3 l\u1ea1i v\u1ed1n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u1ed5 phi\u1ebfu ET C\u00f3 Ph\u1ea3i L\u00e0 Mua? \u0110\u00e1nh gi\u00e1 D\u1ef1a tr\u00ean B\u1eb1ng ch\u1ee9ng<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Khi \u0111\u00e1nh gi\u00e1 li\u1ec7u quy\u1ebft \u0111\u1ecbnh mua c\u1ed5 phi\u1ebfu ET c\u00f3 h\u1ee3p l\u00fd hay kh\u00f4ng, c\u00e1c ch\u1ec9 s\u1ed1 \u0111\u1ecbnh gi\u00e1 hi\u1ec7n t\u1ea1i cung c\u1ea5p b\u1eb1ng ch\u1ee9ng thuy\u1ebft ph\u1ee5c. Giao d\u1ecbch \u1edf m\u1ee9c 9,2x EV\/EBITDA d\u1ef1 ki\u1ebfn so v\u1edbi m\u1ee9c trung b\u00ecnh ng\u00e0nh trung l\u01b0u l\u00e0 10,5x, ET cung c\u1ea5p c\u1ea3 gi\u00e1 tr\u1ecb v\u00e0 ti\u1ec1m n\u0103ng thu nh\u1eadp. C\u00f4ng c\u1ee5 so s\u00e1nh c\u1ee7a Pocket Option l\u00e0m n\u1ed5i b\u1eadt m\u1ee9c chi\u1ebft kh\u1ea5u \u0111\u1ecbnh gi\u00e1 12% n\u00e0y m\u1eb7c d\u00f9 ET c\u00f3 kh\u1ea3 n\u0103ng bao ph\u1ee7 ph\u00e2n ph\u1ed1i v\u00e0 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng v\u01b0\u1ee3t tr\u1ed9i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c ch\u1ec9 s\u1ed1 mua \u0111\u1ecbnh l\u01b0\u1ee3ng cho ET bao g\u1ed3m:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i 8,1% (cao h\u01a1n 3,2 l\u1ea7n so v\u1edbi m\u1ee9c trung b\u00ecnh ch\u1ec9 s\u1ed1 trung l\u01b0u MLPA)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t d\u00f2ng ti\u1ec1n t\u1ef1 do 12,3% h\u1ed7 tr\u1ee3 c\u1ea3 t\u0103ng tr\u01b0\u1edfng ph\u00e2n ph\u1ed1i v\u00e0 mua l\u1ea1i \u0111\u01a1n v\u1ecb<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 \u00e1n t\u0103ng tr\u01b0\u1edfng tr\u1ecb gi\u00e1 $5,4 t\u1ef7 d\u1ef1 ki\u1ebfn t\u1ea1o ra th\u00eam $770 tri\u1ec7u EBITDA v\u00e0o n\u0103m 2026<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ecbnh gi\u00e1 EV\/EBITDA 9,2x (chi\u1ebft kh\u1ea5u 12% so v\u1edbi trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p) t\u1ea1o ra bi\u00ean \u0111\u1ed9 an to\u00e0n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Vi\u1ec7c mua l\u1ea1i 450.000 \u0111\u01a1n v\u1ecb c\u1ee7a c\u00e1c gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh trong Q4 2024 cho th\u1ea5y s\u1ef1 t\u1ef1 tin c\u1ee7a qu\u1ea3n l\u00fd<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e2n nh\u1eafc v\u1edbi nh\u1eefng \u0111i\u1ec3m t\u00edch c\u1ef1c n\u00e0y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i xem x\u00e9t s\u1ef1 ph\u1ee9c t\u1ea1p v\u1ec1 thu\u1ebf K-1 c\u1ee7a ET, r\u1ee7i ro ph\u00e1p l\u00fd \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ph\u00ea duy\u1ec7t \u0111\u01b0\u1eddng \u1ed1ng, v\u00e0 nh\u1eefng th\u00e1ch th\u1ee9c ti\u1ec1m n\u0103ng trong chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng d\u00e0i h\u1ea1n. Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y gi\u1ea3i th\u00edch cho m\u1ee9c chi\u1ebft kh\u1ea5u \u0111\u1ecbnh gi\u00e1 nh\u01b0ng c\u00f3 th\u1ec3 mang l\u1ea1i c\u01a1 h\u1ed9i cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o thu nh\u1eadp v\u1edbi kh\u1ea3 n\u0103ng ch\u1ecbu r\u1ee7i ro ph\u00f9 h\u1ee3p.<\/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>H\u1ed3 s\u01a1 Nh\u00e0 \u0111\u1ea7u t\u01b0<\/th>\n<th>Khuy\u1ebfn ngh\u1ecb Ph\u00e2n b\u1ed5 ET<\/th>\n<th>K\u1ebft qu\u1ea3 D\u1ef1 ki\u1ebfn<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ng\u01b0\u1eddi ngh\u1ec9 h\u01b0u t\u1eadp trung v\u00e0o thu nh\u1eadp<\/td>\n<td>5-7% danh m\u1ee5c thu nh\u1eadp<\/td>\n<td>L\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i 8,1% v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng h\u00e0ng n\u0103m 5-7%<\/td>\n<\/tr>\n<tr>\n<td>C\u00e2n b\u1eb1ng t\u0103ng tr\u01b0\u1edfng &amp; thu nh\u1eadp<\/td>\n<td>3-5% t\u1ed5ng danh m\u1ee5c<\/td>\n<td>L\u1ee3i su\u1ea5t c\u1ed9ng v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 15-20% \u0111\u1ebfn gi\u00e1 tr\u1ecb h\u1ee3p l\u00fd<\/td>\n<\/tr>\n<tr>\n<td>T\u00edch l\u0169y d\u00e0i h\u1ea1n<\/td>\n<td>2-4% v\u1edbi \u0111\u0103ng k\u00fd DRIP<\/td>\n<td>L\u1ee3i nhu\u1eadn t\u1ed5ng h\u1ee3p h\u00e0ng n\u0103m ti\u1ec1m n\u0103ng 12,5% (l\u1ee3i su\u1ea5t c\u1ed9ng t\u0103ng tr\u01b0\u1edfng)<\/td>\n<\/tr>\n<tr>\n<td>Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o ESG<\/td>\n<td>Ti\u1ebfp x\u00fac h\u1ea1n ch\u1ebf (0-2%)<\/td>\n<td>L\u1ee3i su\u1ea5t cao h\u01a1n nh\u01b0ng c\u00f3 r\u1ee7i ro chuy\u1ec3n \u0111\u1ed5i ti\u1ec1m n\u0103ng trong khung th\u1eddi gian 2030+<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ng\u00e0y Giao d\u1ecbch Kh\u00f4ng H\u01b0\u1edfng C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET: C\u01a1 h\u1ed9i Giao d\u1ecbch Chi\u1ebfn l\u01b0\u1ee3c<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u l\u1ecbch ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET t\u1ea1o ra l\u1ee3i th\u1ebf chi\u1ebfn thu\u1eadt cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 thu nh\u1eadp. Ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c ti\u1ebfp theo c\u1ee7a ET l\u00e0 ng\u00e0y 4 th\u00e1ng 4 n\u0103m 2025, v\u1edbi ng\u00e0y ghi nh\u1eadn l\u00e0 ng\u00e0y 6 th\u00e1ng 4 v\u00e0 ng\u00e0y thanh to\u00e1n l\u00e0 ng\u00e0y 15 th\u00e1ng 5. Ng\u01b0\u1eddi d\u00f9ng Pocket Option c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3 xung quanh c\u00e1c ng\u00e0y n\u00e0y \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a c\u00e1ch ti\u1ebfp c\u1eadn thu nh\u1eadp c\u1ee7a h\u1ecd.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c T\u00f9y ch\u1ecdn Chi\u1ebfn l\u01b0\u1ee3c Kh\u00f4ng H\u01b0\u1edfng C\u1ed5 t\u1ee9c<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>H\u00e0nh \u0111\u1ed9ng gi\u00e1 l\u1ecbch s\u1eed cho th\u1ea5y c\u1ed5 phi\u1ebfu ET th\u01b0\u1eddng gi\u1ea3m 0,7-0,9% v\u00e0o c\u00e1c ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c, \u00edt h\u01a1n gi\u00e1 tr\u1ecb c\u1ed5 t\u1ee9c h\u00e0ng qu\u00fd 0,78%, t\u1ea1o ra c\u01a1 h\u1ed9i ch\u00eanh l\u1ec7ch gi\u00e1 ti\u1ec1m n\u0103ng:<\/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'>Mua tr\u01b0\u1edbc ng\u00e0y 3 th\u00e1ng 4 n\u0103m 2025: \u0110\u1ee7 \u0111i\u1ec1u ki\u1ec7n nh\u1eadn thanh to\u00e1n $0,3125 v\u00e0o th\u00e1ng 5 (l\u1ee3i su\u1ea5t h\u00e0ng n\u0103m h\u00f3a 8,1%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Mua chi\u1ebfn l\u01b0\u1ee3c v\u00e0o ng\u00e0y 4 th\u00e1ng 4 n\u0103m 2025: Gi\u1ea3m gi\u00e1 0,7-0,9% l\u1ecbch s\u1eed cung c\u1ea5p m\u1ee9c chi\u1ebft kh\u1ea5u \u0111\u1ea7u v\u00e0o ti\u1ec1m n\u0103ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn: B\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m v\u1edbi ng\u00e0y h\u1ebft h\u1ea1n 11 th\u00e1ng 4 \u0111\u1ec3 thu c\u1ed5 t\u1ee9c c\u1ed9ng v\u1edbi ph\u00ed b\u1ea3o hi\u1ec3m<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c chuy\u00ean nghi\u1ec7p s\u1eed d\u1ee5ng c\u00f4ng c\u1ee5 t\u00edch h\u1ee3p l\u1ecbch c\u1ee7a Pocket Option ph\u00e1t tri\u1ec3n c\u00e1c c\u00e1ch ti\u1ebfp c\u1eadn c\u00f3 h\u1ec7 th\u1ed1ng \u0111\u1ed1i v\u1edbi chu k\u1ef3 c\u1ed5 t\u1ee9c h\u00e0ng qu\u00fd c\u1ee7a ET. B\u1eb1ng c\u00e1ch ph\u00e2n t\u00edch t\u00e1m ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c g\u1ea7n nh\u1ea5t, m\u1ed9t m\u00f4 h\u00ecnh xu\u1ea5t hi\u1ec7n: c\u1ed5 phi\u1ebfu ET th\u01b0\u1eddng ph\u1ee5c h\u1ed3i \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c trong v\u00f2ng 7-9 ng\u00e0y giao d\u1ecbch, nhanh h\u01a1n m\u1ee9c trung b\u00ecnh ng\u00e0nh l\u00e0 11 ng\u00e0y.<\/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>Th\u1eddi gian Th\u1ef1c hi\u1ec7n<\/th>\n<th>K\u1ebft qu\u1ea3 L\u1ecbch s\u1eed (4 Qu\u00fd g\u1ea7n nh\u1ea5t)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>T\u00edch l\u0169y Tr\u01b0\u1edbc Ng\u00e0y Kh\u00f4ng H\u01b0\u1edfng<\/td>\n<td>Mua tr\u01b0\u1edbc 5-7 ng\u00e0y tr\u01b0\u1edbc ng\u00e0y kh\u00f4ng h\u01b0\u1edfng<\/td>\n<td>+1,3% t\u0103ng gi\u00e1 trung b\u00ecnh c\u1ed9ng c\u1ed5 t\u1ee9c<\/td>\n<\/tr>\n<tr>\n<td>Mua v\u00e0o Ng\u00e0y Kh\u00f4ng H\u01b0\u1edfng<\/td>\n<td>Mua v\u00e0o bu\u1ed5i s\u00e1ng ng\u00e0y kh\u00f4ng h\u01b0\u1edfng<\/td>\n<td>+0,9% l\u1ee3i nhu\u1eadn trung b\u00ecnh 10 ng\u00e0y (b\u1ecf l\u1ee1 c\u1ed5 t\u1ee9c)<\/td>\n<\/tr>\n<tr>\n<td>Thu C\u1ed5 t\u1ee9c v\u1edbi Quy\u1ec1n ch\u1ecdn<\/td>\n<td>Mua c\u1ed5 phi\u1ebfu, b\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m tr\u01b0\u1edbc ng\u00e0y kh\u00f4ng h\u01b0\u1edfng<\/td>\n<td>C\u1ed5 t\u1ee9c c\u1ed9ng ph\u00ed b\u1ea3o hi\u1ec3m quy\u1ec1n ch\u1ecdn 1,2-1,8%<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi gian \u0110\u0103ng k\u00fd DRIP<\/td>\n<td>B\u1eadt c\u00e0i \u0111\u1eb7t DRIP tr\u01b0\u1edbc ng\u00e0y ghi nh\u1eadn<\/td>\n<td>L\u1ee3i su\u1ea5t 8,1% c\u1ed9ng l\u1ee3i \u00edch trung b\u00ecnh gi\u00e1 theo th\u1eddi gian<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ng\u00e0y Thanh to\u00e1n C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET: L\u1eadp K\u1ebf ho\u1ea1ch D\u00f2ng Ti\u1ec1n Ch\u00ednh x\u00e1c<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>L\u1ecbch tr\u00ecnh ng\u00e0y thanh to\u00e1n c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET cho ph\u00e9p l\u1eadp k\u1ebf ho\u1ea1ch thu nh\u1eadp ch\u00ednh x\u00e1c. ET ph\u00e2n ph\u1ed1i c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd kho\u1ea3ng 45 ng\u00e0y sau khi k\u1ebft th\u00fac qu\u00fd, v\u1edbi l\u1ecbch tr\u00ecnh s\u1eafp t\u1edbi:<\/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'>Q1 2025: Thanh to\u00e1n ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025 ($0,3125 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q2 2025: Thanh to\u00e1n ng\u00e0y 14 th\u00e1ng 8 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0,325 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q3 2025: Thanh to\u00e1n ng\u00e0y 13 th\u00e1ng 11 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0,335 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Q4 2025: Thanh to\u00e1n ng\u00e0y 12 th\u00e1ng 2 n\u0103m 2026 (d\u1ef1 ki\u1ebfn $0,345 m\u1ed7i \u0111\u01a1n v\u1ecb)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>L\u1ecbch c\u1ed5 t\u1ee9c c\u1ee7a Pocket Option t\u1ef1 \u0111\u1ed9ng hi\u1ec3n th\u1ecb c\u00e1c ng\u00e0y n\u00e0y, cho ph\u00e9p l\u1eadp k\u1ebf ho\u1ea1ch d\u00f2ng ti\u1ec1n ch\u00ednh x\u00e1c. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ea3n l\u00fd nhi\u1ec1u ngu\u1ed3n thu nh\u1eadp, ph\u1ed1i h\u1ee3p c\u00e1c kho\u1ea3n thanh to\u00e1n c\u1ee7a ET v\u1edbi c\u00e1c kho\u1ea3n n\u1eafm gi\u1eef kh\u00e1c t\u1ea1o ra d\u00f2ng thu nh\u1eadp h\u00e0ng th\u00e1ng \u1ed5n \u0111\u1ecbnh m\u1eb7c d\u00f9 c\u00f3 l\u1ecbch tr\u00ecnh thanh to\u00e1n h\u00e0ng qu\u00fd.<\/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 D\u00f2ng Ti\u1ec1n<\/th>\n<th>Th\u1ef1c hi\u1ec7n V\u1edbi ET<\/th>\n<th>K\u1ebft qu\u1ea3 D\u1ef1 ki\u1ebfn<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Chia nh\u1ecf Thu nh\u1eadp<\/td>\n<td>K\u1ebft h\u1ee3p ET (Th\u00e1ng 2\/Th\u00e1ng 5\/Th\u00e1ng 8\/Th\u00e1ng 11) v\u1edbi c\u1ed5 phi\u1ebfu tr\u1ea3 v\u00e0o c\u00e1c th\u00e1ng kh\u00e1c<\/td>\n<td>D\u00f2ng thu nh\u1eadp h\u00e0ng th\u00e1ng m\u1eb7c d\u00f9 c\u00f3 c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00e0ng qu\u00fd<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi gian T\u00e1i \u0111\u1ea7u t\u01b0<\/td>\n<td>T\u1ef1 \u0111\u1ed9ng t\u00e1i \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c ET v\u00e0o c\u00e1c qu\u1ef9 ch\u1ec9 s\u1ed1 v\u00e0o ng\u00e0y thanh to\u00e1n<\/td>\n<td>Thu l\u1ee3i su\u1ea5t ET trong khi duy tr\u00ec \u0111a d\u1ea1ng h\u00f3a<\/td>\n<\/tr>\n<tr>\n<td>Kh\u1edbp Chi ph\u00ed<\/td>\n<td>Ph\u00f9 h\u1ee3p 100 \u0111\u01a1n v\u1ecb ($31,25 h\u00e0ng qu\u00fd) v\u1edbi c\u00e1c kho\u1ea3n thanh to\u00e1n h\u00f3a \u0111\u01a1n c\u1ee5 th\u1ec3<\/td>\n<td>C\u00e1c ngu\u1ed3n thu nh\u1eadp d\u00e0nh ri\u00eang cho c\u00e1c chi ph\u00ed th\u01b0\u1eddng xuy\u00ean<\/td>\n<\/tr>\n<tr>\n<td>L\u1eadp K\u1ebf ho\u1ea1ch Thu\u1ebf<\/td>\n<td>S\u1eed d\u1ee5ng c\u1ea5u tr\u00fac ph\u00e2n ph\u1ed1i K-1 c\u1ee7a ET \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a hi\u1ec7u qu\u1ea3 thu\u1ebf<\/td>\n<td>M\u1ed9t ph\u1ea7n ph\u00e2n ph\u1ed1i \u0111\u01b0\u1ee3c coi l\u00e0 ho\u00e0n v\u1ed1n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>T\u00edch h\u1ee3p C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET v\u00e0o Chi\u1ebfn l\u01b0\u1ee3c Danh m\u1ee5c \u0110\u1ea7u t\u01b0 c\u1ee7a B\u1ea1n<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ngo\u00e0i ph\u00e2n t\u00edch c\u00e1 nh\u00e2n, c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET \u0111\u1ea1i di\u1ec7n cho m\u1ed9t th\u00e0nh ph\u1ea7n chi\u1ebfn l\u01b0\u1ee3c trong c\u00e1ch ti\u1ebfp c\u1eadn thu nh\u1eadp \u0111a d\u1ea1ng h\u00f3a. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng Pocket Option th\u01b0\u1eddng ph\u00e2n b\u1ed5 3-7% danh m\u1ee5c thu nh\u1eadp c\u1ee7a h\u1ecd cho ET, c\u00e2n b\u1eb1ng l\u1ee3i su\u1ea5t cao h\u01a1n c\u1ee7a n\u00f3 v\u1edbi s\u1ef1 t\u1eadp trung v\u00e0o ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng v\u00e0 c\u1ea5u tr\u00fac thu\u1ebf MLP.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c chi\u1ebfn l\u01b0\u1ee3c t\u00edch h\u1ee3p danh m\u1ee5c t\u1ed1i \u01b0u bao g\u1ed3m:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e2n b\u1eb1ng ng\u00e0nh: K\u1ebft h\u1ee3p l\u1ee3i su\u1ea5t 8,1% c\u1ee7a ET v\u1edbi REITs (trung b\u00ecnh 4,2%), ti\u1ec7n \u00edch (3,0%), v\u00e0 c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c (2,1%) t\u1ea1o ra c\u00e1c ngu\u1ed3n thu nh\u1eadp \u0111a d\u1ea1ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ed1i \u01b0u h\u00f3a v\u1ecb tr\u00ed t\u00e0i s\u1ea3n: Gi\u1eef ET trong c\u00e1c t\u00e0i kho\u1ea3n ch\u1ecbu thu\u1ebf t\u1eadn d\u1ee5ng l\u1ee3i \u00edch thu\u1ebf ho\u00e0n v\u1ed1n, trong khi gi\u1eef thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh trong c\u00e1c t\u00e0i kho\u1ea3n \u01b0u \u0111\u00e3i thu\u1ebf<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00f2ng ng\u1eeba bi\u1ebfn \u0111\u1ed9ng: Beta 1,45 c\u1ee7a ET y\u00eau c\u1ea7u c\u00e2n b\u1eb1ng v\u1edbi c\u00e1c ngu\u1ed3n thu nh\u1eadp c\u00f3 \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng th\u1ea5p h\u01a1n nh\u01b0 c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i (beta 0,4-0,6)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c t\u00e1i \u0111\u1ea7u t\u01b0: Ch\u1ecdn l\u1ecdc t\u00e1i \u0111\u1ea7u t\u01b0 ph\u00e2n ph\u1ed1i ET trong c\u00e1c \u0111\u1ee3t gi\u1ea3m gi\u00e1 d\u01b0\u1edbi m\u1ee9c trung b\u00ecnh \u0111\u1ed9ng 200 ng\u00e0y \u0111\u1ec3 t\u0103ng c\u01b0\u1eddng l\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n<\/li>\n<\/ul>\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<h3 class='po-article-page__title'>K\u1ebft lu\u1eadn: T\u1eadn d\u1ee5ng C\u01a1 h\u1ed9i C\u1ed5 t\u1ee9c C\u1ed5 phi\u1ebfu ET<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET hi\u1ec7n \u0111ang cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 l\u1ee3i su\u1ea5t 8,1% v\u1edbi t\u0103ng tr\u01b0\u1edfng h\u00e0ng n\u0103m d\u1ef1 ki\u1ebfn 5-7% \u0111\u1ebfn n\u0103m 2026. S\u1ef1 k\u1ebft h\u1ee3p n\u00e0y mang l\u1ea1i ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn t\u1ed5ng hai ch\u1eef s\u1ed1 trong khi t\u1ea1o ra thu nh\u1eadp hi\u1ec7n t\u1ea1i \u0111\u00e1ng k\u1ec3. C\u00e1c ch\u1ec9 s\u1ed1 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n c\u1ee7a Energy Transfer, c\u01a1 s\u1edf t\u00e0i s\u1ea3n m\u1edf r\u1ed9ng, v\u00e0 kh\u1ea3 n\u0103ng bao ph\u1ee7 ph\u00e2n ph\u1ed1i nh\u1ea5t qu\u00e1n tr\u00ean 1,8x h\u1ed7 tr\u1ee3 \u0111\u1ed9 tin c\u1eady c\u1ed5 t\u1ee9c ti\u1ebfp t\u1ee5c m\u1eb7c d\u00f9 c\u00f3 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c th\u00e0nh c\u00f4ng nh\u00ecn xa h\u01a1n l\u1ee3i su\u1ea5t ti\u00eau \u0111\u1ec1 \u0111\u1ec3 hi\u1ec3u c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n c\u1ee7a doanh nghi\u1ec7p. \u0110\u1ecbnh gi\u00e1 chi\u1ebft kh\u1ea5u c\u1ee7a ET (9,2x EV\/EBITDA so v\u1edbi trung b\u00ecnh \u0111\u1ed3ng nghi\u1ec7p 10,5x), d\u00f2ng ti\u1ec1n c\u00f3 th\u1ec3 ph\u00e2n ph\u1ed1i \u0111ang t\u0103ng ($2,1 t\u1ef7 d\u01b0 th\u1eeba sau c\u1ed5 t\u1ee9c hi\u1ec7n t\u1ea1i), v\u00e0 v\u1ecb tr\u00ed chi\u1ebfn l\u01b0\u1ee3c tr\u00ean c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng kh\u00ed t\u1ef1 nhi\u00ean, NGLs, v\u00e0 d\u1ea7u th\u00f4 t\u1ea1o ra m\u1ed9t tr\u01b0\u1eddng h\u1ee3p h\u1ea5p d\u1eabn cho c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o thu nh\u1eadp.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 to\u00e0n di\u1ec7n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed5 t\u1ee9c, bao g\u1ed3m l\u1ecbch kh\u00f4ng h\u01b0\u1edfng c\u1ed5 t\u1ee9c, theo d\u00f5i l\u1ecbch s\u1eed ph\u00e2n ph\u1ed1i, v\u00e0 ph\u00e2n t\u00edch l\u1ee3i su\u1ea5t so s\u00e1nh. Cho d\u00f9 b\u1ea1n \u0111ang x\u00e2y d\u1ef1ng d\u00f2ng thu nh\u1eadp h\u01b0u tr\u00ed, th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c thu c\u1ed5 t\u1ee9c, hay t\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i l\u1ee3i nhu\u1eadn t\u1ed5ng, c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ed5 t\u1ee9c c\u1ee7a ET mang l\u1ea1i l\u1ee3i \u00edch danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00f3 gi\u00e1 tr\u1ecb \u0111\u00e1ng \u0111\u01b0\u1ee3c xem x\u00e9t c\u1ea9n th\u1eadn trong c\u00e1ch ti\u1ebfp c\u1eadn \u0111\u1ea7u t\u01b0 r\u1ed9ng h\u01a1n c\u1ee7a b\u1ea1n.<\/p>\n<\/div>\n"},"faq":[{"question":"Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0o quy\u1ebft \u0111\u1ecbnh li\u1ec7u c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET c\u00f3 b\u1ec1n v\u1eefng hay kh\u00f4ng?","answer":"T\u00ednh b\u1ec1n v\u1eefng c\u1ee7a c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET d\u1ef1a tr\u00ean b\u1ed1n ch\u1ec9 s\u1ed1 \u0111\u1ecbnh l\u01b0\u1ee3ng: t\u1ef7 l\u1ec7 bao ph\u1ee7 ph\u00e2n ph\u1ed1i hi\u1ec7n t\u1ea1i l\u00e0 1.83x (cao h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c trung b\u00ecnh ng\u00e0nh l\u00e0 1.6x), d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0 th\u1eeba h\u00e0ng n\u0103m 2.1 t\u1ef7 USD sau ph\u00e2n ph\u1ed1i, c\u1ea5u tr\u00fac h\u1ee3p \u0111\u1ed3ng d\u1ef1a tr\u00ean ph\u00ed 75% gi\u00fap c\u00e1ch ly doanh thu kh\u1ecfi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 h\u00e0ng h\u00f3a, v\u00e0 t\u1ef7 l\u1ec7 n\u1ee3\/EBITDA c\u1ea3i thi\u1ec7n 4.1x (gi\u1ea3m t\u1eeb 5.8x v\u00e0o n\u0103m 2016). B\u1ea3ng \u0111i\u1ec1u khi\u1ec3n ph\u00e2n t\u00edch c\u1ee7a Pocket Option l\u00e0m n\u1ed5i b\u1eadt c\u00e1c ch\u1ec9 s\u1ed1 n\u00e0y, cho th\u1ea5y ET c\u00f3 th\u1ec3 duy tr\u00ec l\u1ee3i su\u1ea5t 8.1% ngay c\u1ea3 khi gi\u00e1 n\u0103ng l\u01b0\u1ee3ng gi\u1ea3m 30% so v\u1edbi m\u1ee9c hi\u1ec7n t\u1ea1i."},{"question":"Ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch?","answer":"Ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET (s\u1eafp t\u1edbi v\u00e0o ng\u00e0y 4 th\u00e1ng 4 n\u0103m 2025) t\u1ea1o ra c\u00e1c c\u01a1 h\u1ed9i giao d\u1ecbch c\u1ee5 th\u1ec3. D\u1eef li\u1ec7u l\u1ecbch s\u1eed cho th\u1ea5y c\u1ed5 phi\u1ebfu ET th\u01b0\u1eddng ch\u1ec9 gi\u1ea3m 0,7-0,9% v\u00e0o c\u00e1c ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n c\u1ed5 t\u1ee9c m\u1eb7c d\u00f9 gi\u00e1 tr\u1ecb c\u1ed5 t\u1ee9c h\u00e0ng qu\u00fd l\u00e0 0,78%, t\u1ea1o ra ti\u1ec1m n\u0103ng kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1. Nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i mua tr\u01b0\u1edbc ng\u00e0y 3 th\u00e1ng 4 \u0111\u1ec3 nh\u1eadn kho\u1ea3n thanh to\u00e1n $0.3125 s\u1eafp t\u1edbi. C\u00e1c chi\u1ebfn l\u01b0\u1ee3c thay th\u1ebf bao g\u1ed3m mua v\u00e0o ng\u00e0y gi\u1ea3m gi\u00e1 (m\u00e0 theo l\u1ecbch s\u1eed ph\u1ee5c h\u1ed3i trong v\u00f2ng 7-9 ng\u00e0y giao d\u1ecbch) ho\u1eb7c th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn nh\u01b0 quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m \u0111\u1ec3 thu c\u1ea3 thu nh\u1eadp t\u1eeb c\u1ed5 t\u1ee9c v\u00e0 ph\u00ed quy\u1ec1n ch\u1ecdn."},{"question":"Nh\u1eefng m\u00f4 h\u00ecnh l\u1ecbch s\u1eed n\u00e0o xu\u1ea5t hi\u1ec7n trong l\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET?","answer":"L\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET cho th\u1ea5y m\u1ed9t m\u00f4 h\u00ecnh b\u1ed1n giai \u0111o\u1ea1n r\u00f5 r\u00e0ng: t\u0103ng tr\u01b0\u1edfng l\u00ean $0.285 h\u00e0ng qu\u00fd (2014-2016), gi\u1ea3m xu\u1ed1ng $0.153 trong qu\u00e1 tr\u00ecnh t\u00e1i c\u1ea5u tr\u00fac ng\u00e0nh (2017-2020), ph\u1ee5c h\u1ed3i c\u00f3 ph\u01b0\u01a1ng ph\u00e1p l\u00ean $0.255 (2021-2023), v\u00e0 giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng hi\u1ec7n t\u1ea1i \u1edf m\u1ee9c $0.3125 (2024-nay). Nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh n\u00e0y t\u01b0\u01a1ng quan tr\u1ef1c ti\u1ebfp v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n, khi kh\u1ea3 n\u0103ng chi tr\u1ea3 c\u1ed5 t\u1ee9c c\u1ee7a ET c\u1ea3i thi\u1ec7n t\u1eeb 0.9x l\u00ean 1.83x v\u00e0 t\u1ef7 l\u1ec7 n\u1ee3\/EBITDA gi\u1ea3m t\u1eeb 5.8x xu\u1ed1ng 4.1x. Kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh \u0111\u00e3 ho\u00e0n to\u00e0n \u0111\u00ecnh ch\u1ec9 c\u1ed5 t\u1ee9c trong th\u1eddi k\u1ef3 suy tho\u00e1i, ET v\u1eabn duy tr\u00ec c\u00e1c kho\u1ea3n thanh to\u00e1n gi\u1ea3m ngay c\u1ea3 trong \u0111\u1ea1i d\u1ecbch n\u0103m 2020."},{"question":"C\u1ed5 phi\u1ebfu ET c\u00f3 ph\u1ea3i l\u00e0 l\u1ef1a ch\u1ecdn mua ch\u1ec9 d\u1ef1a tr\u00ean \u0111\u1eb7c \u0111i\u1ec3m c\u1ed5 t\u1ee9c kh\u00f4ng?","answer":"C\u1ed5 phi\u1ebfu ET \u0111\u01b0a ra m\u1ed9t tr\u01b0\u1eddng h\u1ee3p mua h\u1ea5p d\u1eabn d\u1ef1a tr\u00ean h\u1ed3 s\u01a1 c\u1ed5 t\u1ee9c k\u1ebft h\u1ee3p v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 \u0111\u1ecbnh gi\u00e1. L\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i 8,1% c\u1ee7a n\u00f3 (cao h\u01a1n 3,2 l\u1ea7n so v\u1edbi m\u1ee9c trung b\u00ecnh c\u1ee7a ch\u1ec9 s\u1ed1 midstream) \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi t\u1ef7 l\u1ec7 bao ph\u1ee7 ph\u00e2n ph\u1ed1i 1,83 l\u1ea7n v\u00e0 d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0 th\u1eeba 2,1 t\u1ef7 USD. Giao d\u1ecbch \u1edf m\u1ee9c 9,2 l\u1ea7n EV\/EBITDA (gi\u1ea3m 12% so v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7) t\u1ea1o ra ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 c\u00f9ng v\u1edbi t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c. H\u1ea7u h\u1ebft c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean gi\u1edbi h\u1ea1n ph\u00e2n b\u1ed5 t\u1eeb 3-7% danh m\u1ee5c \u0111\u1ea7u t\u01b0 do s\u1ef1 t\u1eadp trung v\u00e0o ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng, v\u1edbi ph\u00e2n b\u1ed5 cao h\u01a1n (5-7%) ph\u00f9 h\u1ee3p cho nh\u1eefng ng\u01b0\u1eddi ngh\u1ec9 h\u01b0u t\u1eadp trung v\u00e0o thu nh\u1eadp \u0111ang t\u00ecm ki\u1ebfm l\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i \u0111\u00e1ng k\u1ec3 v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng v\u1eeba ph\u1ea3i."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i th\u00f4ng tin ng\u00e0y tr\u1ea3 c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3?","answer":"C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 theo d\u00f5i ch\u00ednh x\u00e1c th\u00f4ng tin ng\u00e0y thanh to\u00e1n c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET th\u00f4ng qua h\u1ec7 th\u1ed1ng l\u1ecbch t\u1ef1 \u0111\u1ed9ng c\u1ee7a Pocket Option, hi\u1ec3n th\u1ecb l\u1ecbch tr\u00ecnh \u0111\u1ea7y \u0111\u1ee7: ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025 ($0.3125), ng\u00e0y 14 th\u00e1ng 8 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0.325), ng\u00e0y 13 th\u00e1ng 11 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0.335), v\u00e0 ng\u00e0y 12 th\u00e1ng 2 n\u0103m 2026 (d\u1ef1 ki\u1ebfn $0.345). C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 cao c\u1ea5p t\u1ea1o ra c\u00e1c d\u00f2ng thu nh\u1eadp b\u1ed5 sung b\u1eb1ng c\u00e1ch k\u1ebft h\u1ee3p l\u1ecbch thanh to\u00e1n th\u00e1ng 2\/th\u00e1ng 5\/th\u00e1ng 8\/th\u00e1ng 11 c\u1ee7a ET v\u1edbi c\u00e1c kho\u1ea3n n\u1eafm gi\u1eef thanh to\u00e1n v\u00e0o c\u00e1c th\u00e1ng kh\u00e1c, t\u1ea1o ra thu nh\u1eadp h\u00e0ng th\u00e1ng m\u1eb7c d\u00f9 chu k\u1ef3 thanh to\u00e1n h\u00e0ng qu\u00fd. \u0110\u1ec3 l\u1eadp k\u1ebf ho\u1ea1ch thu\u1ebf, h\u1ec7 th\u1ed1ng \u0111\u00e1nh d\u1ea5u c\u1ea5u tr\u00fac ph\u00e2n ph\u1ed1i K-1 c\u1ee7a ET, th\u01b0\u1eddng ph\u00e2n lo\u1ea1i 30-40% c\u00e1c kho\u1ea3n thanh to\u00e1n l\u00e0 ho\u00e0n v\u1ed1n \u0111\u01b0\u1ee3c \u01b0u \u0111\u00e3i thu\u1ebf."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0o quy\u1ebft \u0111\u1ecbnh li\u1ec7u c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET c\u00f3 b\u1ec1n v\u1eefng hay kh\u00f4ng?","answer":"T\u00ednh b\u1ec1n v\u1eefng c\u1ee7a c\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET d\u1ef1a tr\u00ean b\u1ed1n ch\u1ec9 s\u1ed1 \u0111\u1ecbnh l\u01b0\u1ee3ng: t\u1ef7 l\u1ec7 bao ph\u1ee7 ph\u00e2n ph\u1ed1i hi\u1ec7n t\u1ea1i l\u00e0 1.83x (cao h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c trung b\u00ecnh ng\u00e0nh l\u00e0 1.6x), d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0 th\u1eeba h\u00e0ng n\u0103m 2.1 t\u1ef7 USD sau ph\u00e2n ph\u1ed1i, c\u1ea5u tr\u00fac h\u1ee3p \u0111\u1ed3ng d\u1ef1a tr\u00ean ph\u00ed 75% gi\u00fap c\u00e1ch ly doanh thu kh\u1ecfi bi\u1ebfn \u0111\u1ed9ng gi\u00e1 h\u00e0ng h\u00f3a, v\u00e0 t\u1ef7 l\u1ec7 n\u1ee3\/EBITDA c\u1ea3i thi\u1ec7n 4.1x (gi\u1ea3m t\u1eeb 5.8x v\u00e0o n\u0103m 2016). B\u1ea3ng \u0111i\u1ec1u khi\u1ec3n ph\u00e2n t\u00edch c\u1ee7a Pocket Option l\u00e0m n\u1ed5i b\u1eadt c\u00e1c ch\u1ec9 s\u1ed1 n\u00e0y, cho th\u1ea5y ET c\u00f3 th\u1ec3 duy tr\u00ec l\u1ee3i su\u1ea5t 8.1% ngay c\u1ea3 khi gi\u00e1 n\u0103ng l\u01b0\u1ee3ng gi\u1ea3m 30% so v\u1edbi m\u1ee9c hi\u1ec7n t\u1ea1i."},{"question":"Ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch?","answer":"Ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET (s\u1eafp t\u1edbi v\u00e0o ng\u00e0y 4 th\u00e1ng 4 n\u0103m 2025) t\u1ea1o ra c\u00e1c c\u01a1 h\u1ed9i giao d\u1ecbch c\u1ee5 th\u1ec3. D\u1eef li\u1ec7u l\u1ecbch s\u1eed cho th\u1ea5y c\u1ed5 phi\u1ebfu ET th\u01b0\u1eddng ch\u1ec9 gi\u1ea3m 0,7-0,9% v\u00e0o c\u00e1c ng\u00e0y giao d\u1ecbch kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n c\u1ed5 t\u1ee9c m\u1eb7c d\u00f9 gi\u00e1 tr\u1ecb c\u1ed5 t\u1ee9c h\u00e0ng qu\u00fd l\u00e0 0,78%, t\u1ea1o ra ti\u1ec1m n\u0103ng kinh doanh ch\u00eanh l\u1ec7ch gi\u00e1. Nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i mua tr\u01b0\u1edbc ng\u00e0y 3 th\u00e1ng 4 \u0111\u1ec3 nh\u1eadn kho\u1ea3n thanh to\u00e1n $0.3125 s\u1eafp t\u1edbi. C\u00e1c chi\u1ebfn l\u01b0\u1ee3c thay th\u1ebf bao g\u1ed3m mua v\u00e0o ng\u00e0y gi\u1ea3m gi\u00e1 (m\u00e0 theo l\u1ecbch s\u1eed ph\u1ee5c h\u1ed3i trong v\u00f2ng 7-9 ng\u00e0y giao d\u1ecbch) ho\u1eb7c th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn nh\u01b0 quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m \u0111\u1ec3 thu c\u1ea3 thu nh\u1eadp t\u1eeb c\u1ed5 t\u1ee9c v\u00e0 ph\u00ed quy\u1ec1n ch\u1ecdn."},{"question":"Nh\u1eefng m\u00f4 h\u00ecnh l\u1ecbch s\u1eed n\u00e0o xu\u1ea5t hi\u1ec7n trong l\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET?","answer":"L\u1ecbch s\u1eed c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET cho th\u1ea5y m\u1ed9t m\u00f4 h\u00ecnh b\u1ed1n giai \u0111o\u1ea1n r\u00f5 r\u00e0ng: t\u0103ng tr\u01b0\u1edfng l\u00ean $0.285 h\u00e0ng qu\u00fd (2014-2016), gi\u1ea3m xu\u1ed1ng $0.153 trong qu\u00e1 tr\u00ecnh t\u00e1i c\u1ea5u tr\u00fac ng\u00e0nh (2017-2020), ph\u1ee5c h\u1ed3i c\u00f3 ph\u01b0\u01a1ng ph\u00e1p l\u00ean $0.255 (2021-2023), v\u00e0 giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng hi\u1ec7n t\u1ea1i \u1edf m\u1ee9c $0.3125 (2024-nay). Nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh n\u00e0y t\u01b0\u01a1ng quan tr\u1ef1c ti\u1ebfp v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n, khi kh\u1ea3 n\u0103ng chi tr\u1ea3 c\u1ed5 t\u1ee9c c\u1ee7a ET c\u1ea3i thi\u1ec7n t\u1eeb 0.9x l\u00ean 1.83x v\u00e0 t\u1ef7 l\u1ec7 n\u1ee3\/EBITDA gi\u1ea3m t\u1eeb 5.8x xu\u1ed1ng 4.1x. Kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh \u0111\u00e3 ho\u00e0n to\u00e0n \u0111\u00ecnh ch\u1ec9 c\u1ed5 t\u1ee9c trong th\u1eddi k\u1ef3 suy tho\u00e1i, ET v\u1eabn duy tr\u00ec c\u00e1c kho\u1ea3n thanh to\u00e1n gi\u1ea3m ngay c\u1ea3 trong \u0111\u1ea1i d\u1ecbch n\u0103m 2020."},{"question":"C\u1ed5 phi\u1ebfu ET c\u00f3 ph\u1ea3i l\u00e0 l\u1ef1a ch\u1ecdn mua ch\u1ec9 d\u1ef1a tr\u00ean \u0111\u1eb7c \u0111i\u1ec3m c\u1ed5 t\u1ee9c kh\u00f4ng?","answer":"C\u1ed5 phi\u1ebfu ET \u0111\u01b0a ra m\u1ed9t tr\u01b0\u1eddng h\u1ee3p mua h\u1ea5p d\u1eabn d\u1ef1a tr\u00ean h\u1ed3 s\u01a1 c\u1ed5 t\u1ee9c k\u1ebft h\u1ee3p v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 \u0111\u1ecbnh gi\u00e1. L\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i 8,1% c\u1ee7a n\u00f3 (cao h\u01a1n 3,2 l\u1ea7n so v\u1edbi m\u1ee9c trung b\u00ecnh c\u1ee7a ch\u1ec9 s\u1ed1 midstream) \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi t\u1ef7 l\u1ec7 bao ph\u1ee7 ph\u00e2n ph\u1ed1i 1,83 l\u1ea7n v\u00e0 d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0 th\u1eeba 2,1 t\u1ef7 USD. Giao d\u1ecbch \u1edf m\u1ee9c 9,2 l\u1ea7n EV\/EBITDA (gi\u1ea3m 12% so v\u1edbi c\u00e1c \u0111\u1ed1i th\u1ee7) t\u1ea1o ra ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 c\u00f9ng v\u1edbi t\u0103ng tr\u01b0\u1edfng c\u1ed5 t\u1ee9c. H\u1ea7u h\u1ebft c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean gi\u1edbi h\u1ea1n ph\u00e2n b\u1ed5 t\u1eeb 3-7% danh m\u1ee5c \u0111\u1ea7u t\u01b0 do s\u1ef1 t\u1eadp trung v\u00e0o ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng, v\u1edbi ph\u00e2n b\u1ed5 cao h\u01a1n (5-7%) ph\u00f9 h\u1ee3p cho nh\u1eefng ng\u01b0\u1eddi ngh\u1ec9 h\u01b0u t\u1eadp trung v\u00e0o thu nh\u1eadp \u0111ang t\u00ecm ki\u1ebfm l\u1ee3i su\u1ea5t hi\u1ec7n t\u1ea1i \u0111\u00e1ng k\u1ec3 v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng v\u1eeba ph\u1ea3i."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i th\u00f4ng tin ng\u00e0y tr\u1ea3 c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3?","answer":"C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 theo d\u00f5i ch\u00ednh x\u00e1c th\u00f4ng tin ng\u00e0y thanh to\u00e1n c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu ET th\u00f4ng qua h\u1ec7 th\u1ed1ng l\u1ecbch t\u1ef1 \u0111\u1ed9ng c\u1ee7a Pocket Option, hi\u1ec3n th\u1ecb l\u1ecbch tr\u00ecnh \u0111\u1ea7y \u0111\u1ee7: ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2025 ($0.3125), ng\u00e0y 14 th\u00e1ng 8 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0.325), ng\u00e0y 13 th\u00e1ng 11 n\u0103m 2025 (d\u1ef1 ki\u1ebfn $0.335), v\u00e0 ng\u00e0y 12 th\u00e1ng 2 n\u0103m 2026 (d\u1ef1 ki\u1ebfn $0.345). C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 cao c\u1ea5p t\u1ea1o ra c\u00e1c d\u00f2ng thu nh\u1eadp b\u1ed5 sung b\u1eb1ng c\u00e1ch k\u1ebft h\u1ee3p l\u1ecbch thanh to\u00e1n th\u00e1ng 2\/th\u00e1ng 5\/th\u00e1ng 8\/th\u00e1ng 11 c\u1ee7a ET v\u1edbi c\u00e1c kho\u1ea3n n\u1eafm gi\u1eef thanh to\u00e1n v\u00e0o c\u00e1c th\u00e1ng kh\u00e1c, t\u1ea1o ra thu nh\u1eadp h\u00e0ng th\u00e1ng m\u1eb7c d\u00f9 chu k\u1ef3 thanh to\u00e1n h\u00e0ng qu\u00fd. \u0110\u1ec3 l\u1eadp k\u1ebf ho\u1ea1ch thu\u1ebf, h\u1ec7 th\u1ed1ng \u0111\u00e1nh d\u1ea5u c\u1ea5u tr\u00fac ph\u00e2n ph\u1ed1i K-1 c\u1ee7a ET, th\u01b0\u1eddng ph\u00e2n lo\u1ea1i 30-40% c\u00e1c kho\u1ea3n thanh to\u00e1n l\u00e0 ho\u00e0n v\u1ed1n \u0111\u01b0\u1ee3c \u01b0u \u0111\u00e3i thu\u1ebf."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>C\u1ed5 t\u1ee9c c\u1ed5 phi\u1ebfu ET: T\u1ed1i 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content=\"https:\/\/pocketoption.com\/blog\/wp-content\/uploads\/2025\/04\/1742024349778-10891479-6.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1840\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tatiana OK\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tatiana OK\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pocketoption.com\/blog\/vt\/news-events\/data\/et-stock-dividend\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/vt\/news-events\/data\/et-stock-dividend\/\"},\"author\":{\"name\":\"Tatiana 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