{"id":318014,"date":"2025-07-21T05:28:05","date_gmt":"2025-07-21T05:28:05","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/valuation-of-stocks-2\/"},"modified":"2025-07-21T05:28:05","modified_gmt":"2025-07-21T05:28:05","slug":"valuation-of-stocks","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/valuation-of-stocks\/","title":{"rendered":"\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu: Chi\u1ebfn l\u01b0\u1ee3c hi\u1ec7u qu\u1ea3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":308308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[47,39,44],"class_list":["post-318014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learning","tag-beginner","tag-platform","tag-strategy"],"acf":{"h1":"Pocket Option: \u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: \u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu"},"description":"T\u00ecm hi\u1ec3u c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u1edbi c\u00e1ch ti\u1ebfp c\u1eadn th\u1ef1c t\u1ebf cho th\u1ecb tr\u01b0\u1eddng Argentina. Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt h\u1eefu \u00edch, \u0111\u1ed9c \u0111\u00e1o v\u00e0 c\u1ee5 th\u1ec3 v\u1edbi Pocket Option.","description_source":{"label":"Description","type":"textarea","formatted_value":"T\u00ecm hi\u1ec3u c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u1edbi c\u00e1ch ti\u1ebfp c\u1eadn th\u1ef1c t\u1ebf cho th\u1ecb tr\u01b0\u1eddng Argentina. Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt h\u1eefu \u00edch, \u0111\u1ed9c \u0111\u00e1o v\u00e0 c\u1ee5 th\u1ec3 v\u1edbi Pocket Option."},"intro":"Ph\u00e2n t\u00edch v\u00e0 \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu l\u00e0 n\u1ec1n t\u1ea3ng \u0111\u1ec3 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u00fang \u0111\u1eafn trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng nh\u01b0 Argentina. B\u00e0i vi\u1ebft n\u00e0y \u0111i s\u00e2u v\u00e0o c\u00e1c ph\u01b0\u01a1ng ph\u00e1p, c\u00f4ng c\u1ee5 v\u00e0 nh\u1eefng c\u00e2n nh\u1eafc c\u1ee5 th\u1ec3 m\u00e0 m\u1ecdi nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean bi\u1ebft \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a t\u00e0i s\u1ea3n c\u1ed5 phi\u1ebfu.","intro_source":{"label":"Intro","type":"text","formatted_value":"Ph\u00e2n t\u00edch v\u00e0 \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu l\u00e0 n\u1ec1n t\u1ea3ng \u0111\u1ec3 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u00fang \u0111\u1eafn trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng nh\u01b0 Argentina. B\u00e0i vi\u1ebft n\u00e0y \u0111i s\u00e2u v\u00e0o c\u00e1c ph\u01b0\u01a1ng ph\u00e1p, c\u00f4ng c\u1ee5 v\u00e0 nh\u1eefng c\u00e2n nh\u1eafc c\u1ee5 th\u1ec3 m\u00e0 m\u1ecdi nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean bi\u1ebft \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a t\u00e0i s\u1ea3n c\u1ed5 phi\u1ebfu."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u1ea7m Quan Tr\u1ecdng c\u1ee7a \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu trong B\u1ed1i C\u1ea3nh Argentina<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u1ea1i di\u1ec7n cho m\u1ed9t trong nh\u1eefng tr\u1ee5 c\u1ed9t c\u01a1 b\u1ea3n cho b\u1ea5t k\u1ef3 nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0o t\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Argentina. Trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf \u0111\u1eb7c tr\u01b0ng b\u1edfi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng, l\u1ea1m ph\u00e1t dai d\u1eb3ng v\u00e0 nh\u1eefng thay \u0111\u1ed5i quy \u0111\u1ecbnh th\u01b0\u1eddng xuy\u00ean, vi\u1ec7c n\u1eafm v\u1eefng c\u00e1c k\u1ef9 thu\u1eadt \u0111\u00e1nh gi\u00e1 t\u00e0i s\u1ea3n kh\u00f4ng ch\u1ec9 tr\u1edf th\u00e0nh l\u1ee3i th\u1ebf c\u1ea1nh tranh m\u00e0 c\u00f2n l\u00e0 nhu c\u1ea7u c\u1ea7n thi\u1ebft \u0111\u1ec3 b\u1ea3o to\u00e0n v\u00e0 ph\u00e1t tri\u1ec3n v\u1ed1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng Argentina c\u00f3 nh\u1eefng \u0111\u1eb7c th\u00f9 \u0111\u00f2i h\u1ecfi ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 truy\u1ec1n th\u1ed1ng cho ph\u00f9 h\u1ee3p v\u1edbi th\u1ef1c t\u1ebf kinh t\u1ebf c\u1ee7a n\u00f3. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c \u0111\u1ed9c \u0111\u00e1o nh\u01b0 s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a \u0111\u1ed3ng ti\u1ec1n, ki\u1ec3m so\u00e1t ngo\u1ea1i h\u1ed1i v\u00e0 m\u1ee9c \u0111\u1ed9 r\u1ee7i ro qu\u1ed1c gia cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c th\u1ecb tr\u01b0\u1eddng \u1ed5n \u0111\u1ecbnh h\u01a1n, \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf Argentina ph\u1ea3i xem x\u00e9t c\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 v\u1edbi tr\u1ecdng s\u1ed1 l\u1edbn h\u01a1n, bao g\u1ed3m r\u1ee7i ro ch\u00ednh tr\u1ecb v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh th\u1ec3 ch\u1ebf. C\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0 Pocket Option nh\u1eadn ra nh\u1eefng \u0111\u1eb7c th\u00f9 n\u00e0y v\u00e0 cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 th\u00edch \u1ee9ng v\u1edbi b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng \u0111\u1ec3 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c ph\u00e2n t\u00edch t\u00e0i s\u1ea3n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c Nguy\u00ean T\u1eafc C\u01a1 B\u1ea3n c\u1ee7a Ph\u01b0\u01a1ng Ph\u00e1p \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tr\u01b0\u1edbc khi \u0111i s\u00e2u v\u00e0o nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina, \u0111i\u1ec1u c\u1ea7n thi\u1ebft l\u00e0 ph\u1ea3i hi\u1ec3u c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 ch\u00ednh hi\u1ec7n c\u00f3. Nh\u1eefng c\u00e1ch ti\u1ebfp c\u1eadn c\u01a1 b\u1ea3n n\u00e0y t\u1ea1o th\u00e0nh n\u1ec1n t\u1ea3ng m\u00e0 tr\u00ean \u0111\u00f3 c\u00e1c ph\u00e2n t\u00edch ph\u1ee9c t\u1ea1p h\u01a1n \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng v\u00e0 \u0111i\u1ec1u ch\u1ec9nh cho ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c ho\u00e0n c\u1ea3nh c\u1ee5 th\u1ec3 nh\u01b0 nh\u1eefng g\u00ec Argentina tr\u00ecnh b\u00e0y.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ph\u01b0\u01a1ng Ph\u00e1p \u0110\u1ecbnh Gi\u00e1<\/th><th>M\u00f4 T\u1ea3<\/th><th>Kh\u1ea3 N\u0103ng \u00c1p D\u1ee5ng \u1edf Argentina<\/th><\/tr><\/thead><tbody><tr><td>D\u00f2ng Ti\u1ec1n Chi\u1ebft Kh\u1ea5u (DCF)<\/td><td>\u0110\u1ecbnh gi\u00e1 c\u00f4ng ty theo gi\u00e1 tr\u1ecb hi\u1ec7n t\u1ea1i c\u1ee7a d\u00f2ng ti\u1ec1n t\u01b0\u01a1ng lai<\/td><td>\u0110\u1ed9 ph\u1ee9c t\u1ea1p cao do s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 l\u1ea1m ph\u00e1t<\/td><\/tr><tr><td>\u0110\u1ecbnh gi\u00e1 theo b\u1ed9i s\u1ed1<\/td><td>So s\u00e1nh c\u00e1c t\u1ef7 l\u1ec7 nh\u01b0 P\/E ho\u1eb7c EV\/EBITDA v\u1edbi c\u00e1c c\u00f4ng ty t\u01b0\u01a1ng t\u1ef1<\/td><td>H\u1eefu \u00edch cho so s\u00e1nh ng\u00e0nh \u0111\u1ecba ph\u01b0\u01a1ng<\/td><\/tr><tr><td>Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch \u0111i\u1ec1u ch\u1ec9nh<\/td><td>\u0110i\u1ec1u ch\u1ec9nh gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch xem x\u00e9t t\u00e0i s\u1ea3n v\u00f4 h\u00ecnh<\/td><td>Li\u00ean quan \u0111\u1ebfn c\u00e1c c\u00f4ng ty c\u00f3 c\u01a1 s\u1edf t\u00e0i s\u1ea3n m\u1ea1nh<\/td><\/tr><tr><td>M\u00f4 h\u00ecnh T\u0103ng tr\u01b0\u1edfng Gordon<\/td><td>T\u00ednh to\u00e1n gi\u00e1 tr\u1ecb d\u1ef1a tr\u00ean c\u1ed5 t\u1ee9c t\u01b0\u01a1ng lai d\u1ef1 ki\u1ebfn<\/td><td>B\u1ecb h\u1ea1n ch\u1ebf b\u1edfi s\u1ef1 kh\u00f4ng \u0111\u1ec1u \u0111\u1eb7n c\u1ee7a c\u1ed5 t\u1ee9c<\/td><\/tr><tr><td>T\u00f9y ch\u1ecdn th\u1ef1c<\/td><td>\u0110\u1ecbnh gi\u00e1 s\u1ef1 linh ho\u1ea1t chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00f4ng ty<\/td><td>Ph\u00f9 h\u1ee3p cho c\u00e1c ng\u00e0nh c\u00f3 \u0111\u1ed9 kh\u00f4ng ch\u1eafc ch\u1eafn cao<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vi\u1ec7c l\u1ef1a ch\u1ecdn ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu ph\u00f9 h\u1ee3p s\u1ebd ph\u1ee5 thu\u1ed9c v\u00e0o ng\u00e0nh, giai \u0111o\u1ea1n ph\u00e1t tri\u1ec3n c\u1ee7a c\u00f4ng ty v\u00e0 \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf v\u0129 m\u00f4 hi\u1ec7n h\u00e0nh. \u1ede Argentina, nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch th\u00edch s\u1eed d\u1ee5ng k\u1ebft h\u1ee3p c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c ph\u1ea1m vi \u0111\u1ecbnh gi\u00e1 m\u1ea1nh m\u1ebd h\u01a1n tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>D\u00f2ng Ti\u1ec1n Chi\u1ebft Kh\u1ea5u (DCF) Th\u00edch \u1ee8ng v\u1edbi M\u00f4i Tr\u01b0\u1eddng Argentina<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u00f4 h\u00ecnh DCF, \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng r\u1ed9ng r\u00e3i tr\u00ean to\u00e0n c\u1ea7u, \u0111\u00f2i h\u1ecfi nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3 \u0111\u1ec3 \u00e1p d\u1ee5ng hi\u1ec7u qu\u1ea3 trong b\u1ed1i c\u1ea3nh Argentina. S\u1ef1 ph\u1ee9c t\u1ea1p ch\u00ednh n\u1eb1m \u1edf vi\u1ec7c x\u00e1c \u0111\u1ecbnh t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u ph\u00f9 h\u1ee3p, ph\u1ea3i k\u1ebft h\u1ee3p kh\u00f4ng ch\u1ec9 r\u1ee7i ro h\u1ec7 th\u1ed1ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u00e0 c\u00f2n c\u1ea3 c\u00e1c bi\u1ebfn s\u1ed1 c\u1ee5 th\u1ec3 c\u1ee7a qu\u1ed1c gia.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u00fang ph\u01b0\u01a1ng ph\u00e1p n\u00e0y trong vi\u1ec7c \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu Argentina, c\u1ea7n xem x\u00e9t c\u00e1c \u0111\u1eb7c th\u00f9 sau:<\/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'>S\u1eed d\u1ee5ng t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u k\u1ebft h\u1ee3p r\u00f5 r\u00e0ng r\u1ee7i ro qu\u1ed1c gia<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n b\u1eb1ng ti\u1ec1n t\u1ec7 c\u1ee9ng (th\u01b0\u1eddng l\u00e0 USD) \u0111\u1ec3 trung h\u00f2a t\u00e1c \u0111\u1ed9ng l\u1ea1m ph\u00e1t<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y m\u1edf r\u1ed9ng \u0111\u1ec3 xem x\u00e9t c\u00e1c k\u1ecbch b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 \u0111a d\u1ea1ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1eddi gian d\u1ef1 b\u00e1o ng\u1eafn h\u01a1n so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n (th\u01b0\u1eddng l\u00e0 3-5 n\u0103m)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xem x\u00e9t r\u00f5 r\u00e0ng c\u00e1c r\u1ee7i ro quy \u0111\u1ecbnh v\u00e0 trao \u0111\u1ed5i trong m\u00f4 h\u00ecnh h\u00f3a<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>T\u1ea1i Pocket Option, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina c\u00f3 th\u1ec3 truy c\u1eadp c\u00e1c c\u00f4ng c\u1ee5 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c th\u1ef1c hi\u1ec7n m\u00f4 h\u00ecnh DCF v\u1edbi c\u00e1c th\u00f4ng s\u1ed1 t\u00f9y ch\u1ec9nh theo b\u1ed1i c\u1ea3nh kinh t\u1ebf v\u0129 m\u00f4 hi\u1ec7n t\u1ea1i. \u0110i\u1ec1u n\u00e0y cho ph\u00e9p \u0111\u1ecbnh gi\u00e1 ch\u00ednh x\u00e1c h\u01a1n ngay c\u1ea3 trong m\u00f4i tr\u01b0\u1eddng c\u00f3 \u0111\u1ed9 kh\u00f4ng ch\u1eafc ch\u1eafn cao.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 Theo B\u1ed9i S\u1ed1: C\u00e1ch Ti\u1ebfp C\u1eadn Th\u1ef1c Ti\u1ec5n cho Th\u1ecb Tr\u01b0\u1eddng Argentina<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 theo b\u1ed9i s\u1ed1 n\u1ed5i b\u1eadt nh\u1edd s\u1ef1 \u0111\u01a1n gi\u1ea3n v\u00e0 kh\u1ea3 n\u0103ng \u00e1p d\u1ee5ng th\u1ef1c ti\u1ec5n, \u0111\u1eb7c bi\u1ec7t trong ph\u00e2n t\u00edch so s\u00e1nh gi\u1eefa c\u00e1c c\u00f4ng ty trong c\u00f9ng ng\u00e0nh. Tuy nhi\u00ean, vi\u1ec7c \u00e1p d\u1ee5ng n\u00f3 \u1edf Argentina \u0111\u00f2i h\u1ecfi nh\u1eefng c\u00e2n nh\u1eafc c\u1ee5 th\u1ec3 \u0111\u1ec3 tr\u00e1nh k\u1ebft lu\u1eadn sai l\u1ea7m.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>B\u1ed9i S\u1ed1<\/th><th>C\u00f4ng Th\u1ee9c<\/th><th>Di\u1ec5n Gi\u1ea3i trong B\u1ed1i C\u1ea3nh Argentina<\/th><\/tr><\/thead><tbody><tr><td>Gi\u00e1\/L\u1ee3i nhu\u1eadn (P\/E)<\/td><td>Gi\u00e1 c\u1ed5 phi\u1ebfu \/ L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td><td>Gi\u00e1 tr\u1ecb th\u01b0\u1eddng th\u1ea5p h\u01a1n so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n<\/td><\/tr><tr><td>EV\/EBITDA<\/td><td>Gi\u00e1 tr\u1ecb doanh nghi\u1ec7p \/ EBITDA<\/td><td>H\u1eefu \u00edch cho so s\u00e1nh ng\u00e0nh, \u00edt b\u1ecb bi\u1ebfn d\u1ea1ng b\u1edfi l\u1ea1m ph\u00e1t<\/td><\/tr><tr><td>Gi\u00e1\/Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch (P\/B)<\/td><td>Gi\u00e1 c\u1ed5 phi\u1ebfu \/ Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td><td>B\u1ecb bi\u1ebfn d\u1ea1ng b\u1edfi l\u1ea1m ph\u00e1t, c\u1ea7n \u0111i\u1ec1u ch\u1ec9nh<\/td><\/tr><tr><td>Gi\u00e1\/Doanh thu (P\/S)<\/td><td>Gi\u00e1 c\u1ed5 phi\u1ebfu \/ Doanh thu tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td><td>\u1ed4n \u0111\u1ecbnh h\u01a1n trong c\u00e1c giai \u0111o\u1ea1n l\u1ea1m ph\u00e1t<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t trong nh\u1eefng kh\u00f3 kh\u0103n ch\u00ednh khi \u00e1p d\u1ee5ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu d\u1ef1a tr\u00ean b\u1ed9i s\u1ed1 \u1edf Argentina l\u00e0 t\u00ecm ki\u1ebfm c\u00e1c c\u00f4ng ty th\u1ef1c s\u1ef1 c\u00f3 th\u1ec3 so s\u00e1nh. S\u1ed1 l\u01b0\u1ee3ng h\u1ea1n ch\u1ebf c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft trong m\u1ed7i ng\u00e0nh l\u00e0m gi\u1ea3m m\u1eabu c\u00f3 s\u1eb5n, v\u00e0 so s\u00e1nh v\u1edbi c\u00e1c c\u00f4ng ty t\u1eeb c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i kh\u00e1c \u0111\u00f2i h\u1ecfi \u0111i\u1ec1u ch\u1ec9nh cho r\u1ee7i ro qu\u1ed1c gia v\u00e0 c\u00e1c bi\u1ebfn s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 kh\u00e1c.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Chi\u1ebfn L\u01b0\u1ee3c T\u1ed1i \u01afu H\u00f3a \u0110\u1ecbnh Gi\u00e1 Theo B\u1ed9i S\u1ed1<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 c\u1ea3i thi\u1ec7n \u0111\u1ed9 ch\u00ednh x\u00e1c c\u1ee7a \u0111\u1ecbnh gi\u00e1 theo b\u1ed9i s\u1ed1 tr\u00ean th\u1ecb tr\u01b0\u1eddng Argentina, c\u00e1c nh\u00e0 ph\u00e2n t\u00edch Pocket Option khuy\u1ebfn ngh\u1ecb:<\/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'>\u01afu ti\u00ean so s\u00e1nh v\u1edbi c\u00e1c c\u00f4ng ty \u0111\u1ecba ph\u01b0\u01a1ng trong c\u00f9ng ng\u00e0nh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Trong tr\u01b0\u1eddng h\u1ee3p kh\u00f4ng c\u00f3 \u0111\u1ed1i th\u1ee7 \u0111\u1ecba ph\u01b0\u01a1ng, s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng ty t\u1eeb c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i t\u01b0\u01a1ng t\u1ef1 v\u1edbi c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u00c1p d\u1ee5ng c\u00e1c kho\u1ea3n chi\u1ebft kh\u1ea5u r\u00f5 r\u00e0ng cho t\u00ednh thanh kho\u1ea3n v\u00e0 quy m\u00f4 khi th\u00edch h\u1ee3p<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xem x\u00e9t c\u00e1c b\u1ed9i s\u1ed1 l\u1ecbch s\u1eed c\u1ee7a ch\u00ednh c\u00f4ng ty nh\u01b0 m\u1ed9t tham chi\u1ebfu b\u1ed5 sung<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft h\u1ee3p c\u00e1c b\u1ed9i s\u1ed1 d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 (P\/E, EV\/EBITDA) v\u1edbi c\u00e1c b\u1ed9i s\u1ed1 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (P\/B)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u00e1c \u0110\u1ed9ng c\u1ee7a C\u00e1c Bi\u1ebfn S\u1ed1 Kinh T\u1ebf V\u0129 M\u00f4 \u0110\u1ebfn \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ec1n kinh t\u1ebf Argentina \u0111\u01b0\u1ee3c \u0111\u1eb7c tr\u01b0ng b\u1edfi c\u00e1c chu k\u1ef3 r\u00f5 r\u1ec7t \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu. Hi\u1ec3u \u0111\u01b0\u1ee3c c\u00e1c chu k\u1ef3 n\u00e0y v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a ch\u00fang \u0111\u1ebfn c\u00e1c ng\u00e0nh kh\u00e1c nhau cho ph\u00e9p d\u1ef1 \u0111o\u00e1n c\u00e1c chuy\u1ec3n \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ecbnh gi\u00e1 cho 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>Bi\u1ebfn S\u1ed1 Kinh T\u1ebf V\u0129 M\u00f4<\/th><th>T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn \u0110\u1ecbnh Gi\u00e1<\/th><th>Ng\u00e0nh B\u1ecb \u1ea2nh H\u01b0\u1edfng Nhi\u1ec1u Nh\u1ea5t<\/th><\/tr><\/thead><tbody><tr><td>L\u1ea1m ph\u00e1t<\/td><td>Bi\u1ebfn d\u1ea1ng b\u00e1o c\u00e1o t\u00e0i ch\u00ednh v\u00e0 l\u00e0m ph\u1ee9c t\u1ea1p d\u1ef1 b\u00e1o<\/td><td>B\u00e1n l\u1ebb, ti\u00eau d\u00f9ng \u0111\u1ea1i ch\u00fang, d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh<\/td><\/tr><tr><td>T\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i<\/td><td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn kh\u1ea3 n\u0103ng c\u1ea1nh tranh v\u00e0 c\u1ea5u tr\u00fac chi ph\u00ed<\/td><td>Nh\u00e0 xu\u1ea5t kh\u1ea9u, nh\u00e0 nh\u1eadp kh\u1ea9u, c\u00f4ng ty c\u00f3 n\u1ee3 USD<\/td><\/tr><tr><td>L\u00e3i su\u1ea5t<\/td><td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed v\u1ed1n v\u00e0 \u0111\u1ecbnh gi\u00e1 DCF<\/td><td>Ng\u00e0nh th\u00e2m d\u1ee5ng v\u1ed1n, ng\u00e2n h\u00e0ng<\/td><\/tr><tr><td>R\u1ee7i ro qu\u1ed1c gia<\/td><td>X\u00e1c \u0111\u1ecbnh m\u1ee9c \u0111\u1ed9 r\u1ee7i ro trong c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1<\/td><td>T\u1ea5t c\u1ea3 c\u00e1c ng\u00e0nh, \u0111\u1eb7c bi\u1ec7t l\u00e0 ng\u00e0nh \u0111\u01b0\u1ee3c \u0111i\u1ec1u ti\u1ebft<\/td><\/tr><tr><td>Chu k\u1ef3 kinh t\u1ebf<\/td><td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng v\u00e0 l\u1ee3i nhu\u1eadn<\/td><td>Chu k\u1ef3 (x\u00e2y d\u1ef1ng, \u00f4 t\u00f4) so v\u1edbi ph\u00f2ng th\u1ee7<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf Argentina ph\u1ea3i xem x\u00e9t r\u00f5 r\u00e0ng c\u00e1c bi\u1ebfn s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 n\u00e0y th\u00f4ng qua c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3 trong c\u00e1c m\u00f4 h\u00ecnh truy\u1ec1n th\u1ed1ng. C\u00e1c k\u1ecbch b\u1ea3n ki\u1ec3m tra c\u0103ng th\u1eb3ng tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n, cho ph\u00e9p \u0111\u00e1nh gi\u00e1 \u0111\u1ed9 nh\u1ea1y c\u1ee7a \u0111\u1ecbnh gi\u00e1 \u0111\u1ed1i v\u1edbi nh\u1eefng thay \u0111\u1ed5i \u0111\u1ed9t ng\u1ed9t trong c\u00e1c bi\u1ebfn s\u1ed1 ch\u00ednh.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p c\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 c\u1eadp nh\u1eadt v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y gi\u00fap k\u1ebft h\u1ee3p c\u00e1c bi\u1ebfn s\u1ed1 n\u00e0y v\u00e0o c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1, cho ph\u00e9p \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 s\u00e1ng su\u1ed1t h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 Theo Ng\u00e0nh: \u0110\u1eb7c Th\u00f9 Ng\u00e0nh C\u00f4ng Nghi\u1ec7p<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed7i ng\u00e0nh c\u1ee7a n\u1ec1n kinh t\u1ebf Argentina \u0111\u1ec1u c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ee5 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1ch c\u00e1c c\u00f4ng ty c\u1ee7a n\u00f3 \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1. Bi\u1ebft nh\u1eefng \u0111\u1eb7c th\u00f9 n\u00e0y l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 \u00e1p d\u1ee5ng \u0111\u00fang c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 c\u00f3 \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 c\u00f3 \u00fd ngh\u0129a.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ng\u00e0nh<\/th><th>Ph\u01b0\u01a1ng Ph\u00e1p \u0110\u1ecbnh Gi\u00e1 \u01afa Th\u00edch<\/th><th>C\u00e2n Nh\u1eafc \u0110\u1eb7c Bi\u1ec7t<\/th><\/tr><\/thead><tbody><tr><td>N\u0103ng l\u01b0\u1ee3ng<\/td><td>DCF, b\u1ed9i s\u1ed1 EV\/EBITDA, gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n<\/td><td>Quy \u0111\u1ecbnh v\u1ec1 thu\u1ebf quan, \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n<\/td><\/tr><tr><td>T\u00e0i ch\u00ednh<\/td><td>P\/B, ROE, m\u00f4 h\u00ecnh l\u1ee3i nhu\u1eadn d\u01b0 th\u1eeba<\/td><td>T\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp c\u1ee7a l\u00e3i su\u1ea5t v\u00e0 l\u1ea1m ph\u00e1t, r\u1ee7i ro quy \u0111\u1ecbnh<\/td><\/tr><tr><td>Ti\u00eau d\u00f9ng \u0111\u1ea1i ch\u00fang<\/td><td>P\/E, P\/S, DCF v\u1edbi nhi\u1ec1u k\u1ecbch b\u1ea3n<\/td><td>\u0110\u1ed9 nh\u1ea1y v\u1edbi chu k\u1ef3 kinh t\u1ebf v\u00e0 s\u1ee9c mua<\/td><\/tr><tr><td>C\u00f4ng ngh\u1ec7<\/td><td>B\u1ed9i s\u1ed1 t\u0103ng tr\u01b0\u1edfng, DCF v\u1edbi gi\u00e1 tr\u1ecb cu\u1ed1i cao<\/td><td>\u0110\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n v\u00f4 h\u00ecnh v\u00e0 kh\u1ea3 n\u0103ng m\u1edf r\u1ed9ng<\/td><\/tr><tr><td>N\u00f4ng nghi\u1ec7p<\/td><td>EV\/EBITDA, P\/S, gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n sinh h\u1ecdc<\/td><td>Ti\u1ebfp x\u00fac v\u1edbi h\u00e0ng h\u00f3a qu\u1ed1c t\u1ebf, kh\u00ed h\u1eadu<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng Argentina, ch\u1eb3ng h\u1ea1n, \u0111\u00f2i h\u1ecfi ph\u1ea3i xem x\u00e9t c\u00e1c chu k\u1ef3 quy \u0111\u1ecbnh v\u00e0 ch\u00ednh s\u00e1ch tr\u1ee3 c\u1ea5p \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn vi\u1ec7c t\u1ea1o ra d\u00f2ng ti\u1ec1n. Trong khi \u0111\u00f3, ng\u00e0nh t\u00e0i ch\u00ednh \u0111\u1eb7c bi\u1ec7t nh\u1ea1y c\u1ea3m v\u1edbi c\u00e1c chu k\u1ef3 l\u1ea1m ph\u00e1t v\u00e0 thay \u0111\u1ed5i l\u00e3i su\u1ea5t tham chi\u1ebfu.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>T\u1ea1i Pocket Option, c\u00e1c nh\u00e0 ph\u00e2n t\u00edch \u0111\u00e3 ph\u00e1t tri\u1ec3n c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu theo ng\u00e0nh, \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho ph\u00f9 h\u1ee3p v\u1edbi th\u1ef1c t\u1ebf c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina, cho ph\u00e9p \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c h\u01a1n v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 s\u00e1ng su\u1ed1t h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ph\u00e2n T\u00edch Ng\u00e0nh T\u00e0i Ch\u00ednh Argentina<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ng\u00e0nh t\u00e0i ch\u00ednh x\u1ee9ng \u0111\u00e1ng \u0111\u01b0\u1ee3c ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t do tr\u1ecdng l\u01b0\u1ee3ng c\u1ee7a n\u00f3 trong ch\u1ec9 s\u1ed1 Merval v\u00e0 \u0111\u1ed9 nh\u1ea1y cao v\u1edbi c\u00e1c \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf v\u0129 m\u00f4. Vi\u1ec7c \u0111\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng v\u00e0 t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh \u1edf Argentina \u0111\u1eb7t ra nh\u1eefng th\u00e1ch th\u1ee9c \u0111\u1ed9c \u0111\u00e1o:<\/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\u1ea7n \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch cho ch\u1ea5t l\u01b0\u1ee3ng danh m\u1ee5c cho vay<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u00e1nh gi\u00e1 m\u1ee9c \u0111\u1ed9 ti\u1ebfp x\u00fac v\u1edbi n\u1ee3 c\u00f4ng v\u00e0 t\u00e1c \u0111\u1ed9ng ti\u1ec1m t\u00e0ng c\u1ee7a n\u00f3<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xem x\u00e9t c\u00e1c thay \u0111\u1ed5i quy \u0111\u1ecbnh th\u01b0\u1eddng xuy\u00ean \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch c\u1ea5u tr\u00fac t\u00e0i tr\u1ee3 v\u00e0 kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i c\u1ee7a n\u00f3 \u0111\u1ed1i v\u1edbi c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng thanh kho\u1ea3n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ecbnh gi\u00e1 kh\u1ea3 n\u0103ng t\u1ea1o thu nh\u1eadp d\u1ecbch v\u1ee5 trong m\u00f4i tr\u01b0\u1eddng h\u1ea1n ch\u1ebf<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi ng\u00e0nh n\u00e0y, c\u00e1c b\u1ed9i s\u1ed1 nh\u01b0 P\/B \u0111i\u1ec1u ch\u1ec9nh theo ROE th\u01b0\u1eddng mang l\u1ea1i tri\u1ec3n v\u1ecdng \u0111\u1ecbnh gi\u00e1 t\u1ed1t h\u01a1n so v\u1edbi c\u00e1c m\u00f4 h\u00ecnh DCF truy\u1ec1n th\u1ed1ng, do kh\u00f3 kh\u0103n trong vi\u1ec7c d\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n trong th\u1eddi gian d\u00e0i.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu v\u00e0 Ph\u00e2n T\u00edch K\u1ef9 Thu\u1eadt: C\u00e1ch Ti\u1ebfp C\u1eadn B\u1ed5 Sung<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong khi \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu truy\u1ec1n th\u1ed1ng d\u1ef1a tr\u00ean c\u00e1c nguy\u00ean t\u1eafc t\u00e0i ch\u00ednh c\u1ee7a c\u00f4ng ty, ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt cung c\u1ea5p m\u1ed9t g\u00f3c nh\u00ecn b\u1ed5 sung t\u1eadp trung v\u00e0o c\u00e1c m\u00f4 h\u00ecnh gi\u00e1 v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng. Trong c\u00e1c th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng nh\u01b0 Argentina, s\u1ef1 k\u1ebft h\u1ee3p n\u00e0y c\u00f3 th\u1ec3 \u0111\u1eb7c bi\u1ec7t c\u00f3 gi\u00e1 tr\u1ecb.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u00f3 th\u1ec3 gi\u00fap x\u00e1c \u0111\u1ecbnh:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Kh\u00eda C\u1ea1nh<\/th><th>C\u00f4ng C\u1ee5 K\u1ef9 Thu\u1eadt<\/th><th>\u1ee8ng D\u1ee5ng trong \u0110\u1ecbnh Gi\u00e1<\/th><\/tr><\/thead><tbody><tr><td>Th\u1eddi \u0111i\u1ec3m v\u00e0o\/ra<\/td><td>RSI, MACD, \u0110\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng<\/td><td>T\u1ed1i \u01b0u h\u00f3a th\u1eddi gian d\u1ef1a tr\u00ean \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n<\/td><\/tr><tr><td>M\u1ee9c h\u1ed7 tr\u1ee3\/kh\u00e1ng c\u1ef1<\/td><td>Fibonacci, v\u00f9ng h\u1ee3p nh\u1ea5t<\/td><td>X\u00e1c \u0111\u1ecbnh s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 v\u00e0 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i<\/td><\/tr><tr><td>T\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng<\/td><td>Kh\u1ed1i l\u01b0\u1ee3ng, ch\u1ec9 b\u00e1o bi\u1ebfn \u0111\u1ed9ng<\/td><td>\u0110\u00e1nh gi\u00e1 s\u1ef1 tin t\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o \u0111\u1ecbnh gi\u00e1<\/td><\/tr><tr><td>M\u00f4 h\u00ecnh h\u00e0nh vi<\/td><td>H\u00ecnh th\u00e0nh bi\u1ec3u \u0111\u1ed3, n\u1ebfn Nh\u1eadt<\/td><td>D\u1ef1 \u0111o\u00e1n ph\u1ea3n \u1ee9ng \u0111\u1ed1i v\u1edbi c\u00e1c s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 ti\u00ean ti\u1ebfn cho ph\u00e9p ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n t\u00edch h\u1ee3p, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i n\u01a1i gi\u00e1 th\u1ecb tr\u01b0\u1eddng kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i \u0111\u01b0\u1ee3c t\u00ednh to\u00e1n b\u1eb1ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 h\u1ed9i t\u1ee5 gi\u1eefa ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt n\u00e0y \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch tr\u00ean th\u1ecb tr\u01b0\u1eddng Argentina, n\u01a1i c\u00e1c y\u1ebfu t\u1ed1 ngo\u1ea1i sinh c\u00f3 th\u1ec3 t\u1ea1o ra s\u1ef1 sai l\u1ec7ch \u0111\u00e1ng k\u1ec3 gi\u1eefa gi\u00e1 tr\u1ecb l\u00fd thuy\u1ebft v\u00e0 gi\u00e1 th\u1ecb tr\u01b0\u1eddng trong th\u1eddi gian d\u00e0i.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu trong Th\u1ef1c Ti\u1ec5n: Nghi\u00ean C\u1ee9u Tr\u01b0\u1eddng H\u1ee3p Argentina<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 minh h\u1ecda vi\u1ec7c \u00e1p d\u1ee5ng th\u1ef1c ti\u1ec5n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 \u0111\u00e3 th\u1ea3o lu\u1eadn, h\u00e3y ph\u00e2n t\u00edch tr\u01b0\u1eddng h\u1ee3p c\u1ee7a m\u1ed9t c\u00f4ng ty \u0111\u1ea1i di\u1ec7n c\u1ee7a Argentina trong ng\u00e0nh c\u00f4ng nghi\u1ec7p. V\u00ed d\u1ee5 n\u00e0y cho ph\u00e9p hi\u1ec3u c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ecbnh gi\u00e1 cho ph\u00f9 h\u1ee3p v\u1edbi b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>H\u00e3y xem x\u00e9t m\u1ed9t c\u00f4ng ty c\u00f4ng nghi\u1ec7p Argentina v\u1edbi c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m sau:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>V\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng: 15.000 tri\u1ec7u ARS<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>EBITDA h\u00e0ng n\u0103m: 2.800 tri\u1ec7u ARS<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i nhu\u1eadn r\u00f2ng: 1.200 tri\u1ec7u ARS<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch: 10.000 tri\u1ec7u ARS<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng: 12% h\u00e0ng n\u0103m trong 3 n\u0103m t\u1edbi<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u00c1p d\u1ee5ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu kh\u00e1c nhau, ch\u00fang t\u00f4i thu \u0111\u01b0\u1ee3c:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ph\u01b0\u01a1ng Ph\u00e1p<\/th><th>\u0110\u1ecbnh Gi\u00e1 \u0110\u1ea1t \u0110\u01b0\u1ee3c (tri\u1ec7u ARS)<\/th><th>Ch\u00eanh L\u1ec7ch v\u1edbi Gi\u00e1 Hi\u1ec7n T\u1ea1i<\/th><\/tr><\/thead><tbody><tr><td>DCF (t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u 25%)<\/td><td>18.200<\/td><td>+21%<\/td><\/tr><tr><td>EV\/EBITDA (b\u1ed9i s\u1ed1 6x)<\/td><td>16.800<\/td><td>+12%<\/td><\/tr><tr><td>P\/E (b\u1ed9i s\u1ed1 14x)<\/td><td>16.800<\/td><td>+12%<\/td><\/tr><tr><td>P\/B (b\u1ed9i s\u1ed1 1.7x)<\/td><td>17.000<\/td><td>+13%<\/td><\/tr><tr><td>\u0110\u1ecbnh gi\u00e1 c\u00f3 tr\u1ecdng s\u1ed1<\/td><td>17.200<\/td><td>+15%<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Nh\u01b0 ch\u00fang ta c\u00f3 th\u1ec3 th\u1ea5y, \u0111\u1ecbnh gi\u00e1 c\u00f3 tr\u1ecdng s\u1ed1 cho th\u1ea5y ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 15% so v\u1edbi gi\u00e1 hi\u1ec7n t\u1ea1i. Tuy nhi\u00ean, ph\u00e2n t\u00edch ph\u1ea3i xem x\u00e9t \u0111\u1ed9 nh\u1ea1y c\u1ea3m v\u1edbi c\u00e1c bi\u1ebfn s\u1ed1 ch\u00ednh:<\/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'>T\u0103ng 500 \u0111i\u1ec3m trong r\u1ee7i ro qu\u1ed1c gia s\u1ebd l\u00e0m gi\u1ea3m \u0111\u1ecbnh gi\u00e1 DCF kho\u1ea3ng 18%<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m gi\u00e1 20% s\u1ebd t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c \u0111\u1ebfn c\u00e1c c\u00f4ng ty xu\u1ea5t kh\u1ea9u, nh\u01b0ng ti\u00eau c\u1ef1c \u0111\u1ed1i v\u1edbi nh\u1eefng c\u00f4ng ty c\u00f3 n\u1ee3 b\u1eb1ng \u0111\u1ed3ng \u0111\u00f4 la<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thay \u0111\u1ed5i quy \u0111\u1ecbnh ng\u00e0nh c\u00f3 th\u1ec3 thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tr\u01b0\u1eddng h\u1ee3p n\u00e0y cho th\u1ea5y t\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c s\u1eed d\u1ee5ng nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y k\u1ef9 l\u01b0\u1ee1ng trong b\u1ed1i c\u1ea3nh Argentina. C\u00e1c c\u00f4ng c\u1ee5 do Pocket Option cung c\u1ea5p t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho qu\u00e1 tr\u00ecnh n\u00e0y, cho ph\u00e9p \u0111i\u1ec1u ch\u1ec9nh nhanh ch\u00f3ng c\u00e1c th\u00f4ng s\u1ed1 khi k\u1ecbch b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 ph\u00e1t tri\u1ec3n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn L\u01b0\u1ee3c Th\u1ef1c Ti\u1ec5n cho Nh\u00e0 \u0110\u1ea7u T\u01b0 Argentina<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1ef1a tr\u00ean c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 \u0111\u00e3 ph\u00e2n t\u00edch, ch\u00fang ta c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c ti\u1ec5n th\u00edch \u1ee9ng v\u1edbi \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina:<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>\u0110a D\u1ea1ng H\u00f3a Ng\u00e0nh Chi\u1ebfn L\u01b0\u1ee3c<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 bi\u1ebfn \u0111\u1ed9ng cao c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina khi\u1ebfn vi\u1ec7c \u0111a d\u1ea1ng h\u00f3a tr\u1edf n\u00ean \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng nh\u01b0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c gi\u1ea3m thi\u1ec3u r\u1ee7i ro. Tuy nhi\u00ean, kh\u00f4ng ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 \u0111a d\u1ea1ng h\u00f3a v\u00ec m\u1ee5c \u0111\u00edch \u0111a d\u1ea1ng h\u00f3a, m\u00e0 l\u00e0 l\u00e0m nh\u01b0 v\u1eady m\u1ed9t c\u00e1ch chi\u1ebfn l\u01b0\u1ee3c d\u1ef1a tr\u00ean c\u00e1c \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n:<\/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'>K\u1ebft h\u1ee3p c\u00e1c ng\u00e0nh chu k\u1ef3 v\u00e0 ph\u00f2ng th\u1ee7 theo giai \u0111o\u1ea1n c\u1ee7a chu k\u1ef3 kinh t\u1ebf<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e2n b\u1eb1ng s\u1ef1 ti\u1ebfp x\u00fac v\u1edbi c\u00e1c c\u00f4ng ty h\u01b0\u1edbng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba v\u00e0 c\u00e1c nh\u00e0 xu\u1ea5t kh\u1ea9u<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft h\u1ee3p c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty c\u00f3 kh\u1ea3 n\u0103ng \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 trong m\u00f4i tr\u01b0\u1eddng l\u1ea1m ph\u00e1t<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ef1a ch\u1ecdn c\u00e1c c\u00f4ng ty c\u00f3 c\u1ea5u tr\u00fac v\u1ed1n th\u1eadn tr\u1ecdng v\u00e0 \u00edt ti\u1ebfp x\u00fac v\u1edbi n\u1ee3 ngo\u1ea1i t\u1ec7<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u1ed5 sung v\u1edbi CEDEARs \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c s\u1ef1 ti\u1ebfp x\u00fac qu\u1ed1c t\u1ebf trong khi duy tr\u00ec t\u00ednh thanh kho\u1ea3n b\u1eb1ng peso<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 \u0111a d\u1ea1ng h\u00f3a n\u00e0y ph\u1ea3i d\u1ef1a tr\u00ean \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu nghi\u00eam ng\u1eb7t x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i trong c\u00e1c ng\u00e0nh kh\u00e1c nhau, \u01b0u ti\u00ean nh\u1eefng ng\u00e0nh c\u00f3 m\u1ee9c chi\u1ebft kh\u1ea5u l\u1edbn nh\u1ea5t so v\u1edbi gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a ch\u00fang.<\/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 s\u00e0ng l\u1ecdc cho ph\u00e9p x\u00e1c \u0111\u1ecbnh c\u00e1c c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p theo c\u00e1c ti\u00eau ch\u00ed \u0111\u1ecbnh gi\u00e1 kh\u00e1c nhau, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c x\u00e2y d\u1ef1ng c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft Lu\u1eadn v\u1ec1 \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu \u1edf Argentina<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu trong b\u1ed1i c\u1ea3nh Argentina \u0111\u00f2i h\u1ecfi ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3 c\u00e1c ph\u01b0\u01a1ng ph\u00e1p lu\u1eadn truy\u1ec1n th\u1ed1ng \u0111\u1ec3 k\u1ebft h\u1ee3p \u0111\u1ea7y \u0111\u1ee7 c\u00e1c r\u1ee7i ro c\u1ee5 th\u1ec3 c\u1ee7a qu\u1ed1c gia v\u00e0 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf v\u0129 m\u00f4 c\u1ee7a n\u00f3. S\u1ef1 \u0111i\u1ec1u ch\u1ec9nh n\u00e0y kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 t\u1eeb b\u1ecf c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ee7a \u0111\u1ecbnh gi\u00e1, m\u00e0 l\u00e0 b\u1ed5 sung ch\u00fang b\u1eb1ng c\u00e1c ph\u00e2n t\u00edch c\u1ee5 th\u1ec3 v\u00e0 c\u00e1c \u0111i\u1ec1u ch\u1ec9nh ph\u01b0\u01a1ng ph\u00e1p lu\u1eadn c\u00f3 li\u00ean quan.<\/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 Argentina n\u1eafm v\u1eefng c\u00e1c k\u1ef9 thu\u1eadt \u0111\u1ecbnh gi\u00e1 \u0111\u00e3 \u0111i\u1ec1u ch\u1ec9nh n\u00e0y s\u1ebd c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111\u00e1ng k\u1ec3, qu\u1ea3n l\u00fd \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i n\u01a1i gi\u00e1 th\u1ecb tr\u01b0\u1eddng kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i v\u00ec l\u00fd do t\u00ecnh hu\u1ed1ng h\u01a1n l\u00e0 l\u00fd do c\u01a1 b\u1ea3n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cam k\u1ebft cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina c\u00e1c c\u00f4ng c\u1ee5 c\u1ea7n thi\u1ebft \u0111\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c \u0111\u1ecbnh gi\u00e1 c\u00f3 c\u01a1 s\u1edf trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng \u0111\u1ea7y th\u00e1ch th\u1ee9c. Th\u00f4ng qua c\u00e1c ph\u00e2n t\u00edch nghi\u00eam ng\u1eb7t \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho ph\u00f9 h\u1ee3p v\u1edbi b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111i\u1ec1u h\u01b0\u1edbng v\u1edbi s\u1ef1 t\u1ef1 tin h\u01a1n tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u1eb7c tr\u01b0ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Argentina.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Lu\u00f4n nh\u1edb r\u1eb1ng \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu, m\u1eb7c d\u00f9 d\u1ef1a tr\u00ean c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh l\u01b0\u1ee3ng, v\u1eabn k\u1ebft h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 ch\u1ee7 quan trong c\u00e1c gi\u1ea3 \u0111\u1ecbnh c\u1ee7a n\u00f3. Th\u1eadn tr\u1ecdng v\u00e0 \u0111a d\u1ea1ng h\u00f3a v\u1eabn l\u00e0 nh\u1eefng nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n \u0111\u1ec3 b\u1ea3o to\u00e0n v\u00e0 ph\u00e1t tri\u1ec3n v\u1ed1n trong b\u1ea5t k\u1ef3 m\u00f4i tr\u01b0\u1eddng \u0111\u1ea7u t\u01b0 n\u00e0o.<\/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\u1ea7m Quan Tr\u1ecdng c\u1ee7a \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu trong B\u1ed1i C\u1ea3nh Argentina<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u1ea1i di\u1ec7n cho m\u1ed9t trong nh\u1eefng tr\u1ee5 c\u1ed9t c\u01a1 b\u1ea3n cho b\u1ea5t k\u1ef3 nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0o t\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Argentina. Trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf \u0111\u1eb7c tr\u01b0ng b\u1edfi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng, l\u1ea1m ph\u00e1t dai d\u1eb3ng v\u00e0 nh\u1eefng thay \u0111\u1ed5i quy \u0111\u1ecbnh th\u01b0\u1eddng xuy\u00ean, vi\u1ec7c n\u1eafm v\u1eefng c\u00e1c k\u1ef9 thu\u1eadt \u0111\u00e1nh gi\u00e1 t\u00e0i s\u1ea3n kh\u00f4ng ch\u1ec9 tr\u1edf th\u00e0nh l\u1ee3i th\u1ebf c\u1ea1nh tranh m\u00e0 c\u00f2n l\u00e0 nhu c\u1ea7u c\u1ea7n thi\u1ebft \u0111\u1ec3 b\u1ea3o to\u00e0n v\u00e0 ph\u00e1t tri\u1ec3n v\u1ed1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng Argentina c\u00f3 nh\u1eefng \u0111\u1eb7c th\u00f9 \u0111\u00f2i h\u1ecfi ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 truy\u1ec1n th\u1ed1ng cho ph\u00f9 h\u1ee3p v\u1edbi th\u1ef1c t\u1ebf kinh t\u1ebf c\u1ee7a n\u00f3. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c \u0111\u1ed9c \u0111\u00e1o nh\u01b0 s\u1ef1 m\u1ea5t gi\u00e1 c\u1ee7a \u0111\u1ed3ng ti\u1ec1n, ki\u1ec3m so\u00e1t ngo\u1ea1i h\u1ed1i v\u00e0 m\u1ee9c \u0111\u1ed9 r\u1ee7i ro qu\u1ed1c gia cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c th\u1ecb tr\u01b0\u1eddng \u1ed5n \u0111\u1ecbnh h\u01a1n, \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf Argentina ph\u1ea3i xem x\u00e9t c\u00e1c y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 v\u1edbi tr\u1ecdng s\u1ed1 l\u1edbn h\u01a1n, bao g\u1ed3m r\u1ee7i ro ch\u00ednh tr\u1ecb v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh th\u1ec3 ch\u1ebf. C\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0 Pocket Option nh\u1eadn ra nh\u1eefng \u0111\u1eb7c th\u00f9 n\u00e0y v\u00e0 cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 th\u00edch \u1ee9ng v\u1edbi b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng \u0111\u1ec3 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c ph\u00e2n t\u00edch t\u00e0i s\u1ea3n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c Nguy\u00ean T\u1eafc C\u01a1 B\u1ea3n c\u1ee7a Ph\u01b0\u01a1ng Ph\u00e1p \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tr\u01b0\u1edbc khi \u0111i s\u00e2u v\u00e0o nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina, \u0111i\u1ec1u c\u1ea7n thi\u1ebft l\u00e0 ph\u1ea3i hi\u1ec3u c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 ch\u00ednh hi\u1ec7n c\u00f3. Nh\u1eefng c\u00e1ch ti\u1ebfp c\u1eadn c\u01a1 b\u1ea3n n\u00e0y t\u1ea1o th\u00e0nh n\u1ec1n t\u1ea3ng m\u00e0 tr\u00ean \u0111\u00f3 c\u00e1c ph\u00e2n t\u00edch ph\u1ee9c t\u1ea1p h\u01a1n \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng v\u00e0 \u0111i\u1ec1u ch\u1ec9nh cho ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c ho\u00e0n c\u1ea3nh c\u1ee5 th\u1ec3 nh\u01b0 nh\u1eefng g\u00ec Argentina tr\u00ecnh b\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>Ph\u01b0\u01a1ng Ph\u00e1p \u0110\u1ecbnh Gi\u00e1<\/th>\n<th>M\u00f4 T\u1ea3<\/th>\n<th>Kh\u1ea3 N\u0103ng \u00c1p D\u1ee5ng \u1edf Argentina<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>D\u00f2ng Ti\u1ec1n Chi\u1ebft Kh\u1ea5u (DCF)<\/td>\n<td>\u0110\u1ecbnh gi\u00e1 c\u00f4ng ty theo gi\u00e1 tr\u1ecb hi\u1ec7n t\u1ea1i c\u1ee7a d\u00f2ng ti\u1ec1n t\u01b0\u01a1ng lai<\/td>\n<td>\u0110\u1ed9 ph\u1ee9c t\u1ea1p cao do s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 l\u1ea1m ph\u00e1t<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ecbnh gi\u00e1 theo b\u1ed9i s\u1ed1<\/td>\n<td>So s\u00e1nh c\u00e1c t\u1ef7 l\u1ec7 nh\u01b0 P\/E ho\u1eb7c EV\/EBITDA v\u1edbi c\u00e1c c\u00f4ng ty t\u01b0\u01a1ng t\u1ef1<\/td>\n<td>H\u1eefu \u00edch cho so s\u00e1nh ng\u00e0nh \u0111\u1ecba ph\u01b0\u01a1ng<\/td>\n<\/tr>\n<tr>\n<td>Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch \u0111i\u1ec1u ch\u1ec9nh<\/td>\n<td>\u0110i\u1ec1u ch\u1ec9nh gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch xem x\u00e9t t\u00e0i s\u1ea3n v\u00f4 h\u00ecnh<\/td>\n<td>Li\u00ean quan \u0111\u1ebfn c\u00e1c c\u00f4ng ty c\u00f3 c\u01a1 s\u1edf t\u00e0i s\u1ea3n m\u1ea1nh<\/td>\n<\/tr>\n<tr>\n<td>M\u00f4 h\u00ecnh T\u0103ng tr\u01b0\u1edfng Gordon<\/td>\n<td>T\u00ednh to\u00e1n gi\u00e1 tr\u1ecb d\u1ef1a tr\u00ean c\u1ed5 t\u1ee9c t\u01b0\u01a1ng lai d\u1ef1 ki\u1ebfn<\/td>\n<td>B\u1ecb h\u1ea1n ch\u1ebf b\u1edfi s\u1ef1 kh\u00f4ng \u0111\u1ec1u \u0111\u1eb7n c\u1ee7a c\u1ed5 t\u1ee9c<\/td>\n<\/tr>\n<tr>\n<td>T\u00f9y ch\u1ecdn th\u1ef1c<\/td>\n<td>\u0110\u1ecbnh gi\u00e1 s\u1ef1 linh ho\u1ea1t chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00f4ng ty<\/td>\n<td>Ph\u00f9 h\u1ee3p cho c\u00e1c ng\u00e0nh c\u00f3 \u0111\u1ed9 kh\u00f4ng ch\u1eafc ch\u1eafn cao<\/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'>Vi\u1ec7c l\u1ef1a ch\u1ecdn ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu ph\u00f9 h\u1ee3p s\u1ebd ph\u1ee5 thu\u1ed9c v\u00e0o ng\u00e0nh, giai \u0111o\u1ea1n ph\u00e1t tri\u1ec3n c\u1ee7a c\u00f4ng ty v\u00e0 \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf v\u0129 m\u00f4 hi\u1ec7n h\u00e0nh. \u1ede Argentina, nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch th\u00edch s\u1eed d\u1ee5ng k\u1ebft h\u1ee3p c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c ph\u1ea1m vi \u0111\u1ecbnh gi\u00e1 m\u1ea1nh m\u1ebd h\u01a1n tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>D\u00f2ng Ti\u1ec1n Chi\u1ebft Kh\u1ea5u (DCF) Th\u00edch \u1ee8ng v\u1edbi M\u00f4i Tr\u01b0\u1eddng Argentina<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u00f4 h\u00ecnh DCF, \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng r\u1ed9ng r\u00e3i tr\u00ean to\u00e0n c\u1ea7u, \u0111\u00f2i h\u1ecfi nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3 \u0111\u1ec3 \u00e1p d\u1ee5ng hi\u1ec7u qu\u1ea3 trong b\u1ed1i c\u1ea3nh Argentina. S\u1ef1 ph\u1ee9c t\u1ea1p ch\u00ednh n\u1eb1m \u1edf vi\u1ec7c x\u00e1c \u0111\u1ecbnh t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u ph\u00f9 h\u1ee3p, ph\u1ea3i k\u1ebft h\u1ee3p kh\u00f4ng ch\u1ec9 r\u1ee7i ro h\u1ec7 th\u1ed1ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u00e0 c\u00f2n c\u1ea3 c\u00e1c bi\u1ebfn s\u1ed1 c\u1ee5 th\u1ec3 c\u1ee7a qu\u1ed1c gia.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 th\u1ef1c hi\u1ec7n \u0111\u00fang ph\u01b0\u01a1ng ph\u00e1p n\u00e0y trong vi\u1ec7c \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu Argentina, c\u1ea7n xem x\u00e9t c\u00e1c \u0111\u1eb7c th\u00f9 sau:<\/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'>S\u1eed d\u1ee5ng t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u k\u1ebft h\u1ee3p r\u00f5 r\u00e0ng r\u1ee7i ro qu\u1ed1c gia<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n b\u1eb1ng ti\u1ec1n t\u1ec7 c\u1ee9ng (th\u01b0\u1eddng l\u00e0 USD) \u0111\u1ec3 trung h\u00f2a t\u00e1c \u0111\u1ed9ng l\u1ea1m ph\u00e1t<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y m\u1edf r\u1ed9ng \u0111\u1ec3 xem x\u00e9t c\u00e1c k\u1ecbch b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 \u0111a d\u1ea1ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1eddi gian d\u1ef1 b\u00e1o ng\u1eafn h\u01a1n so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n (th\u01b0\u1eddng l\u00e0 3-5 n\u0103m)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xem x\u00e9t r\u00f5 r\u00e0ng c\u00e1c r\u1ee7i ro quy \u0111\u1ecbnh v\u00e0 trao \u0111\u1ed5i trong m\u00f4 h\u00ecnh h\u00f3a<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>T\u1ea1i Pocket Option, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina c\u00f3 th\u1ec3 truy c\u1eadp c\u00e1c c\u00f4ng c\u1ee5 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c th\u1ef1c hi\u1ec7n m\u00f4 h\u00ecnh DCF v\u1edbi c\u00e1c th\u00f4ng s\u1ed1 t\u00f9y ch\u1ec9nh theo b\u1ed1i c\u1ea3nh kinh t\u1ebf v\u0129 m\u00f4 hi\u1ec7n t\u1ea1i. \u0110i\u1ec1u n\u00e0y cho ph\u00e9p \u0111\u1ecbnh gi\u00e1 ch\u00ednh x\u00e1c h\u01a1n ngay c\u1ea3 trong m\u00f4i tr\u01b0\u1eddng c\u00f3 \u0111\u1ed9 kh\u00f4ng ch\u1eafc ch\u1eafn cao.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 Theo B\u1ed9i S\u1ed1: C\u00e1ch Ti\u1ebfp C\u1eadn Th\u1ef1c Ti\u1ec5n cho Th\u1ecb Tr\u01b0\u1eddng Argentina<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 theo b\u1ed9i s\u1ed1 n\u1ed5i b\u1eadt nh\u1edd s\u1ef1 \u0111\u01a1n gi\u1ea3n v\u00e0 kh\u1ea3 n\u0103ng \u00e1p d\u1ee5ng th\u1ef1c ti\u1ec5n, \u0111\u1eb7c bi\u1ec7t trong ph\u00e2n t\u00edch so s\u00e1nh gi\u1eefa c\u00e1c c\u00f4ng ty trong c\u00f9ng ng\u00e0nh. Tuy nhi\u00ean, vi\u1ec7c \u00e1p d\u1ee5ng n\u00f3 \u1edf Argentina \u0111\u00f2i h\u1ecfi nh\u1eefng c\u00e2n nh\u1eafc c\u1ee5 th\u1ec3 \u0111\u1ec3 tr\u00e1nh k\u1ebft lu\u1eadn sai l\u1ea7m.<\/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>B\u1ed9i S\u1ed1<\/th>\n<th>C\u00f4ng Th\u1ee9c<\/th>\n<th>Di\u1ec5n Gi\u1ea3i trong B\u1ed1i C\u1ea3nh Argentina<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gi\u00e1\/L\u1ee3i nhu\u1eadn (P\/E)<\/td>\n<td>Gi\u00e1 c\u1ed5 phi\u1ebfu \/ L\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td>\n<td>Gi\u00e1 tr\u1ecb th\u01b0\u1eddng th\u1ea5p h\u01a1n so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n<\/td>\n<\/tr>\n<tr>\n<td>EV\/EBITDA<\/td>\n<td>Gi\u00e1 tr\u1ecb doanh nghi\u1ec7p \/ EBITDA<\/td>\n<td>H\u1eefu \u00edch cho so s\u00e1nh ng\u00e0nh, \u00edt b\u1ecb bi\u1ebfn d\u1ea1ng b\u1edfi l\u1ea1m ph\u00e1t<\/td>\n<\/tr>\n<tr>\n<td>Gi\u00e1\/Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch (P\/B)<\/td>\n<td>Gi\u00e1 c\u1ed5 phi\u1ebfu \/ Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td>\n<td>B\u1ecb bi\u1ebfn d\u1ea1ng b\u1edfi l\u1ea1m ph\u00e1t, c\u1ea7n \u0111i\u1ec1u ch\u1ec9nh<\/td>\n<\/tr>\n<tr>\n<td>Gi\u00e1\/Doanh thu (P\/S)<\/td>\n<td>Gi\u00e1 c\u1ed5 phi\u1ebfu \/ Doanh thu tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu<\/td>\n<td>\u1ed4n \u0111\u1ecbnh h\u01a1n trong c\u00e1c giai \u0111o\u1ea1n l\u1ea1m ph\u00e1t<\/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'>M\u1ed9t trong nh\u1eefng kh\u00f3 kh\u0103n ch\u00ednh khi \u00e1p d\u1ee5ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu d\u1ef1a tr\u00ean b\u1ed9i s\u1ed1 \u1edf Argentina l\u00e0 t\u00ecm ki\u1ebfm c\u00e1c c\u00f4ng ty th\u1ef1c s\u1ef1 c\u00f3 th\u1ec3 so s\u00e1nh. S\u1ed1 l\u01b0\u1ee3ng h\u1ea1n ch\u1ebf c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft trong m\u1ed7i ng\u00e0nh l\u00e0m gi\u1ea3m m\u1eabu c\u00f3 s\u1eb5n, v\u00e0 so s\u00e1nh v\u1edbi c\u00e1c c\u00f4ng ty t\u1eeb c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i kh\u00e1c \u0111\u00f2i h\u1ecfi \u0111i\u1ec1u ch\u1ec9nh cho r\u1ee7i ro qu\u1ed1c gia v\u00e0 c\u00e1c bi\u1ebfn s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 kh\u00e1c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Chi\u1ebfn L\u01b0\u1ee3c T\u1ed1i \u01afu H\u00f3a \u0110\u1ecbnh Gi\u00e1 Theo B\u1ed9i S\u1ed1<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 c\u1ea3i thi\u1ec7n \u0111\u1ed9 ch\u00ednh x\u00e1c c\u1ee7a \u0111\u1ecbnh gi\u00e1 theo b\u1ed9i s\u1ed1 tr\u00ean th\u1ecb tr\u01b0\u1eddng Argentina, c\u00e1c nh\u00e0 ph\u00e2n t\u00edch Pocket Option khuy\u1ebfn ngh\u1ecb:<\/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'>\u01afu ti\u00ean so s\u00e1nh v\u1edbi c\u00e1c c\u00f4ng ty \u0111\u1ecba ph\u01b0\u01a1ng trong c\u00f9ng ng\u00e0nh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Trong tr\u01b0\u1eddng h\u1ee3p kh\u00f4ng c\u00f3 \u0111\u1ed1i th\u1ee7 \u0111\u1ecba ph\u01b0\u01a1ng, s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng ty t\u1eeb c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i t\u01b0\u01a1ng t\u1ef1 v\u1edbi c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u00c1p d\u1ee5ng c\u00e1c kho\u1ea3n chi\u1ebft kh\u1ea5u r\u00f5 r\u00e0ng cho t\u00ednh thanh kho\u1ea3n v\u00e0 quy m\u00f4 khi th\u00edch h\u1ee3p<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xem x\u00e9t c\u00e1c b\u1ed9i s\u1ed1 l\u1ecbch s\u1eed c\u1ee7a ch\u00ednh c\u00f4ng ty nh\u01b0 m\u1ed9t tham chi\u1ebfu b\u1ed5 sung<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft h\u1ee3p c\u00e1c b\u1ed9i s\u1ed1 d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 (P\/E, EV\/EBITDA) v\u1edbi c\u00e1c b\u1ed9i s\u1ed1 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (P\/B)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>T\u00e1c \u0110\u1ed9ng c\u1ee7a C\u00e1c Bi\u1ebfn S\u1ed1 Kinh T\u1ebf V\u0129 M\u00f4 \u0110\u1ebfn \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u1ec1n kinh t\u1ebf Argentina \u0111\u01b0\u1ee3c \u0111\u1eb7c tr\u01b0ng b\u1edfi c\u00e1c chu k\u1ef3 r\u00f5 r\u1ec7t \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu. Hi\u1ec3u \u0111\u01b0\u1ee3c c\u00e1c chu k\u1ef3 n\u00e0y v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a ch\u00fang \u0111\u1ebfn c\u00e1c ng\u00e0nh kh\u00e1c nhau cho ph\u00e9p d\u1ef1 \u0111o\u00e1n c\u00e1c chuy\u1ec3n \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ecbnh gi\u00e1 cho 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>Bi\u1ebfn S\u1ed1 Kinh T\u1ebf V\u0129 M\u00f4<\/th>\n<th>T\u00e1c \u0110\u1ed9ng \u0110\u1ebfn \u0110\u1ecbnh Gi\u00e1<\/th>\n<th>Ng\u00e0nh B\u1ecb \u1ea2nh H\u01b0\u1edfng Nhi\u1ec1u Nh\u1ea5t<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>L\u1ea1m ph\u00e1t<\/td>\n<td>Bi\u1ebfn d\u1ea1ng b\u00e1o c\u00e1o t\u00e0i ch\u00ednh v\u00e0 l\u00e0m ph\u1ee9c t\u1ea1p d\u1ef1 b\u00e1o<\/td>\n<td>B\u00e1n l\u1ebb, ti\u00eau d\u00f9ng \u0111\u1ea1i ch\u00fang, d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh<\/td>\n<\/tr>\n<tr>\n<td>T\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i<\/td>\n<td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn kh\u1ea3 n\u0103ng c\u1ea1nh tranh v\u00e0 c\u1ea5u tr\u00fac chi ph\u00ed<\/td>\n<td>Nh\u00e0 xu\u1ea5t kh\u1ea9u, nh\u00e0 nh\u1eadp kh\u1ea9u, c\u00f4ng ty c\u00f3 n\u1ee3 USD<\/td>\n<\/tr>\n<tr>\n<td>L\u00e3i su\u1ea5t<\/td>\n<td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed v\u1ed1n v\u00e0 \u0111\u1ecbnh gi\u00e1 DCF<\/td>\n<td>Ng\u00e0nh th\u00e2m d\u1ee5ng v\u1ed1n, ng\u00e2n h\u00e0ng<\/td>\n<\/tr>\n<tr>\n<td>R\u1ee7i ro qu\u1ed1c gia<\/td>\n<td>X\u00e1c \u0111\u1ecbnh m\u1ee9c \u0111\u1ed9 r\u1ee7i ro trong c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1<\/td>\n<td>T\u1ea5t c\u1ea3 c\u00e1c ng\u00e0nh, \u0111\u1eb7c bi\u1ec7t l\u00e0 ng\u00e0nh \u0111\u01b0\u1ee3c \u0111i\u1ec1u ti\u1ebft<\/td>\n<\/tr>\n<tr>\n<td>Chu k\u1ef3 kinh t\u1ebf<\/td>\n<td>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng v\u00e0 l\u1ee3i nhu\u1eadn<\/td>\n<td>Chu k\u1ef3 (x\u00e2y d\u1ef1ng, \u00f4 t\u00f4) so v\u1edbi ph\u00f2ng th\u1ee7<\/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\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf Argentina ph\u1ea3i xem x\u00e9t r\u00f5 r\u00e0ng c\u00e1c bi\u1ebfn s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 n\u00e0y th\u00f4ng qua c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3 trong c\u00e1c m\u00f4 h\u00ecnh truy\u1ec1n th\u1ed1ng. C\u00e1c k\u1ecbch b\u1ea3n ki\u1ec3m tra c\u0103ng th\u1eb3ng tr\u1edf n\u00ean quan tr\u1ecdng h\u01a1n, cho ph\u00e9p \u0111\u00e1nh gi\u00e1 \u0111\u1ed9 nh\u1ea1y c\u1ee7a \u0111\u1ecbnh gi\u00e1 \u0111\u1ed1i v\u1edbi nh\u1eefng thay \u0111\u1ed5i \u0111\u1ed9t ng\u1ed9t trong c\u00e1c bi\u1ebfn s\u1ed1 ch\u00ednh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p c\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 c\u1eadp nh\u1eadt v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y gi\u00fap k\u1ebft h\u1ee3p c\u00e1c bi\u1ebfn s\u1ed1 n\u00e0y v\u00e0o c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1, cho ph\u00e9p \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 s\u00e1ng su\u1ed1t h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 Theo Ng\u00e0nh: \u0110\u1eb7c Th\u00f9 Ng\u00e0nh C\u00f4ng Nghi\u1ec7p<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed7i ng\u00e0nh c\u1ee7a n\u1ec1n kinh t\u1ebf Argentina \u0111\u1ec1u c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ee5 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1ch c\u00e1c c\u00f4ng ty c\u1ee7a n\u00f3 \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1. Bi\u1ebft nh\u1eefng \u0111\u1eb7c th\u00f9 n\u00e0y l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 \u00e1p d\u1ee5ng \u0111\u00fang c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 c\u00f3 \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 c\u00f3 \u00fd ngh\u0129a.<\/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>Ng\u00e0nh<\/th>\n<th>Ph\u01b0\u01a1ng Ph\u00e1p \u0110\u1ecbnh Gi\u00e1 \u01afa Th\u00edch<\/th>\n<th>C\u00e2n Nh\u1eafc \u0110\u1eb7c Bi\u1ec7t<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>N\u0103ng l\u01b0\u1ee3ng<\/td>\n<td>DCF, b\u1ed9i s\u1ed1 EV\/EBITDA, gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n<\/td>\n<td>Quy \u0111\u1ecbnh v\u1ec1 thu\u1ebf quan, \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td>T\u00e0i ch\u00ednh<\/td>\n<td>P\/B, ROE, m\u00f4 h\u00ecnh l\u1ee3i nhu\u1eadn d\u01b0 th\u1eeba<\/td>\n<td>T\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp c\u1ee7a l\u00e3i su\u1ea5t v\u00e0 l\u1ea1m ph\u00e1t, r\u1ee7i ro quy \u0111\u1ecbnh<\/td>\n<\/tr>\n<tr>\n<td>Ti\u00eau d\u00f9ng \u0111\u1ea1i ch\u00fang<\/td>\n<td>P\/E, P\/S, DCF v\u1edbi nhi\u1ec1u k\u1ecbch b\u1ea3n<\/td>\n<td>\u0110\u1ed9 nh\u1ea1y v\u1edbi chu k\u1ef3 kinh t\u1ebf v\u00e0 s\u1ee9c mua<\/td>\n<\/tr>\n<tr>\n<td>C\u00f4ng ngh\u1ec7<\/td>\n<td>B\u1ed9i s\u1ed1 t\u0103ng tr\u01b0\u1edfng, DCF v\u1edbi gi\u00e1 tr\u1ecb cu\u1ed1i cao<\/td>\n<td>\u0110\u1ecbnh gi\u00e1 t\u00e0i s\u1ea3n v\u00f4 h\u00ecnh v\u00e0 kh\u1ea3 n\u0103ng m\u1edf r\u1ed9ng<\/td>\n<\/tr>\n<tr>\n<td>N\u00f4ng nghi\u1ec7p<\/td>\n<td>EV\/EBITDA, P\/S, gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n sinh h\u1ecdc<\/td>\n<td>Ti\u1ebfp x\u00fac v\u1edbi h\u00e0ng h\u00f3a qu\u1ed1c t\u1ebf, kh\u00ed h\u1eadu<\/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'>Ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng Argentina, ch\u1eb3ng h\u1ea1n, \u0111\u00f2i h\u1ecfi ph\u1ea3i xem x\u00e9t c\u00e1c chu k\u1ef3 quy \u0111\u1ecbnh v\u00e0 ch\u00ednh s\u00e1ch tr\u1ee3 c\u1ea5p \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn vi\u1ec7c t\u1ea1o ra d\u00f2ng ti\u1ec1n. Trong khi \u0111\u00f3, ng\u00e0nh t\u00e0i ch\u00ednh \u0111\u1eb7c bi\u1ec7t nh\u1ea1y c\u1ea3m v\u1edbi c\u00e1c chu k\u1ef3 l\u1ea1m ph\u00e1t v\u00e0 thay \u0111\u1ed5i l\u00e3i su\u1ea5t tham chi\u1ebfu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>T\u1ea1i Pocket Option, c\u00e1c nh\u00e0 ph\u00e2n t\u00edch \u0111\u00e3 ph\u00e1t tri\u1ec3n c\u00e1c m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu theo ng\u00e0nh, \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho ph\u00f9 h\u1ee3p v\u1edbi th\u1ef1c t\u1ebf c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina, cho ph\u00e9p \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c h\u01a1n v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 s\u00e1ng su\u1ed1t h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ph\u00e2n T\u00edch Ng\u00e0nh T\u00e0i Ch\u00ednh Argentina<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ng\u00e0nh t\u00e0i ch\u00ednh x\u1ee9ng \u0111\u00e1ng \u0111\u01b0\u1ee3c ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t do tr\u1ecdng l\u01b0\u1ee3ng c\u1ee7a n\u00f3 trong ch\u1ec9 s\u1ed1 Merval v\u00e0 \u0111\u1ed9 nh\u1ea1y cao v\u1edbi c\u00e1c \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf v\u0129 m\u00f4. Vi\u1ec7c \u0111\u1ecbnh gi\u00e1 c\u00e1c ng\u00e2n h\u00e0ng v\u00e0 t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh \u1edf Argentina \u0111\u1eb7t ra nh\u1eefng th\u00e1ch th\u1ee9c \u0111\u1ed9c \u0111\u00e1o:<\/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\u1ea7n \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch cho ch\u1ea5t l\u01b0\u1ee3ng danh m\u1ee5c cho vay<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u00e1nh gi\u00e1 m\u1ee9c \u0111\u1ed9 ti\u1ebfp x\u00fac v\u1edbi n\u1ee3 c\u00f4ng v\u00e0 t\u00e1c \u0111\u1ed9ng ti\u1ec1m t\u00e0ng c\u1ee7a n\u00f3<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xem x\u00e9t c\u00e1c thay \u0111\u1ed5i quy \u0111\u1ecbnh th\u01b0\u1eddng xuy\u00ean \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u00e2n t\u00edch c\u1ea5u tr\u00fac t\u00e0i tr\u1ee3 v\u00e0 kh\u1ea3 n\u0103ng ph\u1ee5c h\u1ed3i c\u1ee7a n\u00f3 \u0111\u1ed1i v\u1edbi c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng thanh kho\u1ea3n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ecbnh gi\u00e1 kh\u1ea3 n\u0103ng t\u1ea1o thu nh\u1eadp d\u1ecbch v\u1ee5 trong m\u00f4i tr\u01b0\u1eddng h\u1ea1n ch\u1ebf<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi ng\u00e0nh n\u00e0y, c\u00e1c b\u1ed9i s\u1ed1 nh\u01b0 P\/B \u0111i\u1ec1u ch\u1ec9nh theo ROE th\u01b0\u1eddng mang l\u1ea1i tri\u1ec3n v\u1ecdng \u0111\u1ecbnh gi\u00e1 t\u1ed1t h\u01a1n so v\u1edbi c\u00e1c m\u00f4 h\u00ecnh DCF truy\u1ec1n th\u1ed1ng, do kh\u00f3 kh\u0103n trong vi\u1ec7c d\u1ef1 b\u00e1o d\u00f2ng ti\u1ec1n trong th\u1eddi gian d\u00e0i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu v\u00e0 Ph\u00e2n T\u00edch K\u1ef9 Thu\u1eadt: C\u00e1ch Ti\u1ebfp C\u1eadn B\u1ed5 Sung<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Trong khi \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu truy\u1ec1n th\u1ed1ng d\u1ef1a tr\u00ean c\u00e1c nguy\u00ean t\u1eafc t\u00e0i ch\u00ednh c\u1ee7a c\u00f4ng ty, ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt cung c\u1ea5p m\u1ed9t g\u00f3c nh\u00ecn b\u1ed5 sung t\u1eadp trung v\u00e0o c\u00e1c m\u00f4 h\u00ecnh gi\u00e1 v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng. Trong c\u00e1c th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng nh\u01b0 Argentina, s\u1ef1 k\u1ebft h\u1ee3p n\u00e0y c\u00f3 th\u1ec3 \u0111\u1eb7c bi\u1ec7t c\u00f3 gi\u00e1 tr\u1ecb.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u00f3 th\u1ec3 gi\u00fap x\u00e1c \u0111\u1ecbnh:<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Kh\u00eda C\u1ea1nh<\/th>\n<th>C\u00f4ng C\u1ee5 K\u1ef9 Thu\u1eadt<\/th>\n<th>\u1ee8ng D\u1ee5ng trong \u0110\u1ecbnh Gi\u00e1<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Th\u1eddi \u0111i\u1ec3m v\u00e0o\/ra<\/td>\n<td>RSI, MACD, \u0110\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng<\/td>\n<td>T\u1ed1i \u01b0u h\u00f3a th\u1eddi gian d\u1ef1a tr\u00ean \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n<\/td>\n<\/tr>\n<tr>\n<td>M\u1ee9c h\u1ed7 tr\u1ee3\/kh\u00e1ng c\u1ef1<\/td>\n<td>Fibonacci, v\u00f9ng h\u1ee3p nh\u1ea5t<\/td>\n<td>X\u00e1c \u0111\u1ecbnh s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 v\u00e0 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td>T\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>Kh\u1ed1i l\u01b0\u1ee3ng, ch\u1ec9 b\u00e1o bi\u1ebfn \u0111\u1ed9ng<\/td>\n<td>\u0110\u00e1nh gi\u00e1 s\u1ef1 tin t\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o \u0111\u1ecbnh gi\u00e1<\/td>\n<\/tr>\n<tr>\n<td>M\u00f4 h\u00ecnh h\u00e0nh vi<\/td>\n<td>H\u00ecnh th\u00e0nh bi\u1ec3u \u0111\u1ed3, n\u1ebfn Nh\u1eadt<\/td>\n<td>D\u1ef1 \u0111o\u00e1n ph\u1ea3n \u1ee9ng \u0111\u1ed1i v\u1edbi c\u00e1c s\u1ef1 ki\u1ec7n doanh nghi\u1ec7p<\/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'>N\u1ec1n t\u1ea3ng Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 ti\u00ean ti\u1ebfn cho ph\u00e9p ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n t\u00edch h\u1ee3p, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i n\u01a1i gi\u00e1 th\u1ecb tr\u01b0\u1eddng kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i \u0111\u01b0\u1ee3c t\u00ednh to\u00e1n b\u1eb1ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1ef1 h\u1ed9i t\u1ee5 gi\u1eefa ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt n\u00e0y \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch tr\u00ean th\u1ecb tr\u01b0\u1eddng Argentina, n\u01a1i c\u00e1c y\u1ebfu t\u1ed1 ngo\u1ea1i sinh c\u00f3 th\u1ec3 t\u1ea1o ra s\u1ef1 sai l\u1ec7ch \u0111\u00e1ng k\u1ec3 gi\u1eefa gi\u00e1 tr\u1ecb l\u00fd thuy\u1ebft v\u00e0 gi\u00e1 th\u1ecb tr\u01b0\u1eddng trong th\u1eddi gian d\u00e0i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>\u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu trong Th\u1ef1c Ti\u1ec5n: Nghi\u00ean C\u1ee9u Tr\u01b0\u1eddng H\u1ee3p Argentina<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 minh h\u1ecda vi\u1ec7c \u00e1p d\u1ee5ng th\u1ef1c ti\u1ec5n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 \u0111\u00e3 th\u1ea3o lu\u1eadn, h\u00e3y ph\u00e2n t\u00edch tr\u01b0\u1eddng h\u1ee3p c\u1ee7a m\u1ed9t c\u00f4ng ty \u0111\u1ea1i di\u1ec7n c\u1ee7a Argentina trong ng\u00e0nh c\u00f4ng nghi\u1ec7p. V\u00ed d\u1ee5 n\u00e0y cho ph\u00e9p hi\u1ec3u c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ecbnh gi\u00e1 cho ph\u00f9 h\u1ee3p v\u1edbi b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>H\u00e3y xem x\u00e9t m\u1ed9t c\u00f4ng ty c\u00f4ng nghi\u1ec7p Argentina v\u1edbi c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m sau:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>V\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng: 15.000 tri\u1ec7u ARS<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>EBITDA h\u00e0ng n\u0103m: 2.800 tri\u1ec7u ARS<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i nhu\u1eadn r\u00f2ng: 1.200 tri\u1ec7u ARS<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch: 10.000 tri\u1ec7u ARS<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng: 12% h\u00e0ng n\u0103m trong 3 n\u0103m t\u1edbi<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u00c1p d\u1ee5ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu kh\u00e1c nhau, ch\u00fang t\u00f4i thu \u0111\u01b0\u1ee3c:<\/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>Ph\u01b0\u01a1ng Ph\u00e1p<\/th>\n<th>\u0110\u1ecbnh Gi\u00e1 \u0110\u1ea1t \u0110\u01b0\u1ee3c (tri\u1ec7u ARS)<\/th>\n<th>Ch\u00eanh L\u1ec7ch v\u1edbi Gi\u00e1 Hi\u1ec7n T\u1ea1i<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>DCF (t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u 25%)<\/td>\n<td>18.200<\/td>\n<td>+21%<\/td>\n<\/tr>\n<tr>\n<td>EV\/EBITDA (b\u1ed9i s\u1ed1 6x)<\/td>\n<td>16.800<\/td>\n<td>+12%<\/td>\n<\/tr>\n<tr>\n<td>P\/E (b\u1ed9i s\u1ed1 14x)<\/td>\n<td>16.800<\/td>\n<td>+12%<\/td>\n<\/tr>\n<tr>\n<td>P\/B (b\u1ed9i s\u1ed1 1.7x)<\/td>\n<td>17.000<\/td>\n<td>+13%<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ecbnh gi\u00e1 c\u00f3 tr\u1ecdng s\u1ed1<\/td>\n<td>17.200<\/td>\n<td>+15%<\/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'>Nh\u01b0 ch\u00fang ta c\u00f3 th\u1ec3 th\u1ea5y, \u0111\u1ecbnh gi\u00e1 c\u00f3 tr\u1ecdng s\u1ed1 cho th\u1ea5y ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 15% so v\u1edbi gi\u00e1 hi\u1ec7n t\u1ea1i. Tuy nhi\u00ean, ph\u00e2n t\u00edch ph\u1ea3i xem x\u00e9t \u0111\u1ed9 nh\u1ea1y c\u1ea3m v\u1edbi c\u00e1c bi\u1ebfn s\u1ed1 ch\u00ednh:<\/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'>T\u0103ng 500 \u0111i\u1ec3m trong r\u1ee7i ro qu\u1ed1c gia s\u1ebd l\u00e0m gi\u1ea3m \u0111\u1ecbnh gi\u00e1 DCF kho\u1ea3ng 18%<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m gi\u00e1 20% s\u1ebd t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c \u0111\u1ebfn c\u00e1c c\u00f4ng ty xu\u1ea5t kh\u1ea9u, nh\u01b0ng ti\u00eau c\u1ef1c \u0111\u1ed1i v\u1edbi nh\u1eefng c\u00f4ng ty c\u00f3 n\u1ee3 b\u1eb1ng \u0111\u1ed3ng \u0111\u00f4 la<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thay \u0111\u1ed5i quy \u0111\u1ecbnh ng\u00e0nh c\u00f3 th\u1ec3 thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tr\u01b0\u1eddng h\u1ee3p n\u00e0y cho th\u1ea5y t\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c s\u1eed d\u1ee5ng nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y k\u1ef9 l\u01b0\u1ee1ng trong b\u1ed1i c\u1ea3nh Argentina. C\u00e1c c\u00f4ng c\u1ee5 do Pocket Option cung c\u1ea5p t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho qu\u00e1 tr\u00ecnh n\u00e0y, cho ph\u00e9p \u0111i\u1ec1u ch\u1ec9nh nhanh ch\u00f3ng c\u00e1c th\u00f4ng s\u1ed1 khi k\u1ecbch b\u1ea3n kinh t\u1ebf v\u0129 m\u00f4 ph\u00e1t tri\u1ec3n.<\/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 Th\u1ef1c Ti\u1ec5n cho Nh\u00e0 \u0110\u1ea7u T\u01b0 Argentina<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1ef1a tr\u00ean c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 \u0111\u00e3 ph\u00e2n t\u00edch, ch\u00fang ta c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c ti\u1ec5n th\u00edch \u1ee9ng v\u1edbi \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>\u0110a D\u1ea1ng H\u00f3a Ng\u00e0nh Chi\u1ebfn L\u01b0\u1ee3c<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1ef1 bi\u1ebfn \u0111\u1ed9ng cao c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina khi\u1ebfn vi\u1ec7c \u0111a d\u1ea1ng h\u00f3a tr\u1edf n\u00ean \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng nh\u01b0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c gi\u1ea3m thi\u1ec3u r\u1ee7i ro. Tuy nhi\u00ean, kh\u00f4ng ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 \u0111a d\u1ea1ng h\u00f3a v\u00ec m\u1ee5c \u0111\u00edch \u0111a d\u1ea1ng h\u00f3a, m\u00e0 l\u00e0 l\u00e0m nh\u01b0 v\u1eady m\u1ed9t c\u00e1ch chi\u1ebfn l\u01b0\u1ee3c d\u1ef1a tr\u00ean c\u00e1c \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n:<\/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'>K\u1ebft h\u1ee3p c\u00e1c ng\u00e0nh chu k\u1ef3 v\u00e0 ph\u00f2ng th\u1ee7 theo giai \u0111o\u1ea1n c\u1ee7a chu k\u1ef3 kinh t\u1ebf<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e2n b\u1eb1ng s\u1ef1 ti\u1ebfp x\u00fac v\u1edbi c\u00e1c c\u00f4ng ty h\u01b0\u1edbng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba v\u00e0 c\u00e1c nh\u00e0 xu\u1ea5t kh\u1ea9u<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebft h\u1ee3p c\u1ed5 phi\u1ebfu c\u1ee7a c\u00e1c c\u00f4ng ty c\u00f3 kh\u1ea3 n\u0103ng \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 trong m\u00f4i tr\u01b0\u1eddng l\u1ea1m ph\u00e1t<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ef1a ch\u1ecdn c\u00e1c c\u00f4ng ty c\u00f3 c\u1ea5u tr\u00fac v\u1ed1n th\u1eadn tr\u1ecdng v\u00e0 \u00edt ti\u1ebfp x\u00fac v\u1edbi n\u1ee3 ngo\u1ea1i t\u1ec7<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u1ed5 sung v\u1edbi CEDEARs \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c s\u1ef1 ti\u1ebfp x\u00fac qu\u1ed1c t\u1ebf trong khi duy tr\u00ec t\u00ednh thanh kho\u1ea3n b\u1eb1ng peso<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1ef1 \u0111a d\u1ea1ng h\u00f3a n\u00e0y ph\u1ea3i d\u1ef1a tr\u00ean \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu nghi\u00eam ng\u1eb7t x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i trong c\u00e1c ng\u00e0nh kh\u00e1c nhau, \u01b0u ti\u00ean nh\u1eefng ng\u00e0nh c\u00f3 m\u1ee9c chi\u1ebft kh\u1ea5u l\u1edbn nh\u1ea5t so v\u1edbi gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a ch\u00fang.<\/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 s\u00e0ng l\u1ecdc cho ph\u00e9p x\u00e1c \u0111\u1ecbnh c\u00e1c c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p theo c\u00e1c ti\u00eau ch\u00ed \u0111\u1ecbnh gi\u00e1 kh\u00e1c nhau, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n thu\u1eadn l\u1ee3i cho vi\u1ec7c x\u00e2y d\u1ef1ng c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1.<\/p>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft Lu\u1eadn v\u1ec1 \u0110\u1ecbnh Gi\u00e1 C\u1ed5 Phi\u1ebfu \u1edf Argentina<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu trong b\u1ed1i c\u1ea3nh Argentina \u0111\u00f2i h\u1ecfi ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3 c\u00e1c ph\u01b0\u01a1ng ph\u00e1p lu\u1eadn truy\u1ec1n th\u1ed1ng \u0111\u1ec3 k\u1ebft h\u1ee3p \u0111\u1ea7y \u0111\u1ee7 c\u00e1c r\u1ee7i ro c\u1ee5 th\u1ec3 c\u1ee7a qu\u1ed1c gia v\u00e0 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a m\u00f4i tr\u01b0\u1eddng kinh t\u1ebf v\u0129 m\u00f4 c\u1ee7a n\u00f3. S\u1ef1 \u0111i\u1ec1u ch\u1ec9nh n\u00e0y kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 t\u1eeb b\u1ecf c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ee7a \u0111\u1ecbnh gi\u00e1, m\u00e0 l\u00e0 b\u1ed5 sung ch\u00fang b\u1eb1ng c\u00e1c ph\u00e2n t\u00edch c\u1ee5 th\u1ec3 v\u00e0 c\u00e1c \u0111i\u1ec1u ch\u1ec9nh ph\u01b0\u01a1ng ph\u00e1p lu\u1eadn c\u00f3 li\u00ean quan.<\/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 Argentina n\u1eafm v\u1eefng c\u00e1c k\u1ef9 thu\u1eadt \u0111\u1ecbnh gi\u00e1 \u0111\u00e3 \u0111i\u1ec1u ch\u1ec9nh n\u00e0y s\u1ebd c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111\u00e1ng k\u1ec3, qu\u1ea3n l\u00fd \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i n\u01a1i gi\u00e1 th\u1ecb tr\u01b0\u1eddng kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i v\u00ec l\u00fd do t\u00ecnh hu\u1ed1ng h\u01a1n l\u00e0 l\u00fd do c\u01a1 b\u1ea3n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u1ec1n t\u1ea3ng Pocket Option cam k\u1ebft cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina c\u00e1c c\u00f4ng c\u1ee5 c\u1ea7n thi\u1ebft \u0111\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c \u0111\u1ecbnh gi\u00e1 c\u00f3 c\u01a1 s\u1edf trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng \u0111\u1ea7y th\u00e1ch th\u1ee9c. Th\u00f4ng qua c\u00e1c ph\u00e2n t\u00edch nghi\u00eam ng\u1eb7t \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho ph\u00f9 h\u1ee3p v\u1edbi b\u1ed1i c\u1ea3nh \u0111\u1ecba ph\u01b0\u01a1ng, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111i\u1ec1u h\u01b0\u1edbng v\u1edbi s\u1ef1 t\u1ef1 tin h\u01a1n tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u1eb7c tr\u01b0ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Argentina.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Lu\u00f4n nh\u1edb r\u1eb1ng \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu, m\u1eb7c d\u00f9 d\u1ef1a tr\u00ean c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh l\u01b0\u1ee3ng, v\u1eabn k\u1ebft h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 ch\u1ee7 quan trong c\u00e1c gi\u1ea3 \u0111\u1ecbnh c\u1ee7a n\u00f3. Th\u1eadn tr\u1ecdng v\u00e0 \u0111a d\u1ea1ng h\u00f3a v\u1eabn l\u00e0 nh\u1eefng nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n \u0111\u1ec3 b\u1ea3o to\u00e0n v\u00e0 ph\u00e1t tri\u1ec3n v\u1ed1n trong b\u1ea5t k\u1ef3 m\u00f4i tr\u01b0\u1eddng \u0111\u1ea7u t\u01b0 n\u00e0o.<\/p>\n<\/div>\n"},"faq":[{"question":"C\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e1ng tin c\u1eady nh\u1ea5t cho th\u1ecb tr\u01b0\u1eddng Argentina l\u00e0 g\u00ec?","answer":"\u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng Argentina, c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u00e1ng tin c\u1eady nh\u1ea5t th\u01b0\u1eddng l\u00e0 s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 (\u0111\u1eb7c bi\u1ec7t l\u00e0 EV\/EBITDA) v\u00e0 D\u00f2ng ti\u1ec1n chi\u1ebft kh\u1ea5u \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh v\u1edbi c\u00e1c t\u1ef7 l\u1ec7 ph\u1ea3n \u00e1nh r\u1ee7i ro qu\u1ed1c gia. Trong c\u00e1c ng\u00e0nh c\u1ee5 th\u1ec3 nh\u01b0 t\u00e0i ch\u00ednh, P\/B \u0111i\u1ec1u ch\u1ec9nh theo ROE c\u0169ng \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch. \u0110i\u1ec1u quan tr\u1ecdng l\u00e0 s\u1eed d\u1ee5ng nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ed3ng th\u1eddi v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y to\u00e0n di\u1ec7n."},{"question":"L\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf Argentina nh\u01b0 th\u1ebf n\u00e0o?","answer":"L\u1ea1m ph\u00e1t l\u00e0m sai l\u1ec7ch \u0111\u00e1ng k\u1ec3 c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh, \u0111\u1eb7c bi\u1ec7t khi ch\u00fang kh\u00f4ng \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh theo l\u1ea1m ph\u00e1t, \u0111i\u1ec1u n\u00e0y l\u00e0m ph\u1ee9c t\u1ea1p kh\u1ea3 n\u0103ng so s\u00e1nh gi\u1eefa c\u00e1c k\u1ef3. \u0110\u1ec3 gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng n\u00e0y, n\u00ean s\u1eed d\u1ee5ng c\u00e1c b\u1ed9i s\u1ed1 d\u1ef1a tr\u00ean EBITDA ho\u1eb7c doanh thu (\u00edt b\u1ecb sai l\u1ec7ch h\u01a1n), l\u00e0m vi\u1ec7c v\u1edbi c\u00e1c d\u1ef1 b\u00e1o b\u1eb1ng \u0111\u1ed3ng ti\u1ec1n ho\u1eb7c \u0111\u00f4 la kh\u00f4ng \u0111\u1ed5i, v\u00e0 ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t \u0111\u1ebfn kh\u1ea3 n\u0103ng c\u1ee7a c\u00f4ng ty trong vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 ph\u00f9 h\u1ee3p v\u1edbi l\u1ea1m ph\u00e1t."},{"question":"C\u00f3 n\u00ean s\u1eed d\u1ee5ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n \u1edf Argentina kh\u00f4ng?","answer":"C\u00e1c ph\u01b0\u01a1ng ph\u00e1p truy\u1ec1n th\u1ed1ng \u0111\u00f2i h\u1ecfi ph\u1ea3i c\u00f3 nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3. V\u00ed d\u1ee5, m\u00f4 h\u00ecnh CAPM c\u1ea7n ph\u1ea3i t\u00edch h\u1ee3p m\u1ed9t ph\u1ea7n b\u00f9 r\u1ee7i ro qu\u1ed1c gia \u0111\u00e1ng k\u1ec3, t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u ph\u1ea3i \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ec3 ph\u1ea3n \u00e1nh s\u1ef1 bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf v\u0129 m\u00f4, v\u00e0 th\u1eddi gian d\u1ef1 b\u00e1o th\u01b0\u1eddng \u0111\u01b0\u1ee3c r\u00fat ng\u1eafn. Ch\u00fang c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng, nh\u01b0ng v\u1edbi nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh ph\u01b0\u01a1ng ph\u00e1p lu\u1eadn ph\u00f9 h\u1ee3p ph\u1ea3n \u00e1nh nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng."},{"question":"Pocket Option cung c\u1ea5p nh\u1eefng c\u00f4ng c\u1ee5 n\u00e0o \u0111\u1ec3 \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu Argentina?","answer":"Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 c\u1ee5 th\u1ec3 bao g\u1ed3m m\u00e1y t\u00ednh DCF v\u1edbi c\u00e1c tham s\u1ed1 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho th\u1ecb tr\u01b0\u1eddng Argentina, b\u1ed9 l\u1ecdc \u0111a ng\u00e0nh gi\u00fap so s\u00e1nh, ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt t\u00edch h\u1ee3p v\u1edbi \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n, v\u00e0 truy c\u1eadp d\u1eef li\u1ec7u kinh t\u1ebf v\u0129 m\u00f4 c\u1eadp nh\u1eadt \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1. C\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf \u0111\u1eb7c bi\u1ec7t \u0111\u1ec3 xem x\u00e9t c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p tr\u00ean th\u1ecb tr\u01b0\u1eddng Argentina?","answer":"\u0110\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p, n\u00ean t\u00ecm ki\u1ebfm c\u00e1c c\u00f4ng ty c\u00f3: c\u00e1c ch\u1ec9 s\u1ed1 th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi trung b\u00ecnh ng\u00e0nh, kh\u1ea3 n\u0103ng t\u1ea1o ra d\u00f2ng ti\u1ec1n t\u1ef1 do m\u1ea1nh m\u1ebd so v\u1edbi v\u1ed1n h\u00f3a c\u1ee7a h\u1ecd, kh\u1ea3 n\u0103ng duy tr\u00ec bi\u00ean l\u1ee3i nhu\u1eadn trong m\u00f4i tr\u01b0\u1eddng l\u1ea1m ph\u00e1t, \u00edt ti\u1ebfp x\u00fac v\u1edbi n\u1ee3 ngo\u1ea1i t\u1ec7, v\u00e0 c\u00e1c ch\u1ea5t x\u00fac t\u00e1c ti\u1ec1m n\u0103ng c\u00f3 th\u1ec3 gi\u1ea3m kho\u1ea3ng c\u00e1ch gi\u1eefa gi\u00e1 v\u00e0 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i. \u0110i\u1ec1u quan tr\u1ecdng l\u00e0 b\u1ed5 sung ph\u00e2n t\u00edch n\u00e0y v\u1edbi c\u00e1c ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c \u0111i\u1ec3m v\u00e0o l\u1ec7nh thu\u1eadn l\u1ee3i."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"C\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e1ng tin c\u1eady nh\u1ea5t cho th\u1ecb tr\u01b0\u1eddng Argentina l\u00e0 g\u00ec?","answer":"\u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng Argentina, c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u00e1ng tin c\u1eady nh\u1ea5t th\u01b0\u1eddng l\u00e0 s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 (\u0111\u1eb7c bi\u1ec7t l\u00e0 EV\/EBITDA) v\u00e0 D\u00f2ng ti\u1ec1n chi\u1ebft kh\u1ea5u \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh v\u1edbi c\u00e1c t\u1ef7 l\u1ec7 ph\u1ea3n \u00e1nh r\u1ee7i ro qu\u1ed1c gia. Trong c\u00e1c ng\u00e0nh c\u1ee5 th\u1ec3 nh\u01b0 t\u00e0i ch\u00ednh, P\/B \u0111i\u1ec1u ch\u1ec9nh theo ROE c\u0169ng \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch. \u0110i\u1ec1u quan tr\u1ecdng l\u00e0 s\u1eed d\u1ee5ng nhi\u1ec1u ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ed3ng th\u1eddi v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c ph\u00e2n t\u00edch \u0111\u1ed9 nh\u1ea1y to\u00e0n di\u1ec7n."},{"question":"L\u1ea1m ph\u00e1t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf Argentina nh\u01b0 th\u1ebf n\u00e0o?","answer":"L\u1ea1m ph\u00e1t l\u00e0m sai l\u1ec7ch \u0111\u00e1ng k\u1ec3 c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh, \u0111\u1eb7c bi\u1ec7t khi ch\u00fang kh\u00f4ng \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh theo l\u1ea1m ph\u00e1t, \u0111i\u1ec1u n\u00e0y l\u00e0m ph\u1ee9c t\u1ea1p kh\u1ea3 n\u0103ng so s\u00e1nh gi\u1eefa c\u00e1c k\u1ef3. \u0110\u1ec3 gi\u1ea3m thi\u1ec3u t\u00e1c \u0111\u1ed9ng n\u00e0y, n\u00ean s\u1eed d\u1ee5ng c\u00e1c b\u1ed9i s\u1ed1 d\u1ef1a tr\u00ean EBITDA ho\u1eb7c doanh thu (\u00edt b\u1ecb sai l\u1ec7ch h\u01a1n), l\u00e0m vi\u1ec7c v\u1edbi c\u00e1c d\u1ef1 b\u00e1o b\u1eb1ng \u0111\u1ed3ng ti\u1ec1n ho\u1eb7c \u0111\u00f4 la kh\u00f4ng \u0111\u1ed5i, v\u00e0 ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t \u0111\u1ebfn kh\u1ea3 n\u0103ng c\u1ee7a c\u00f4ng ty trong vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 ph\u00f9 h\u1ee3p v\u1edbi l\u1ea1m ph\u00e1t."},{"question":"C\u00f3 n\u00ean s\u1eed d\u1ee5ng c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n \u1edf Argentina kh\u00f4ng?","answer":"C\u00e1c ph\u01b0\u01a1ng ph\u00e1p truy\u1ec1n th\u1ed1ng \u0111\u00f2i h\u1ecfi ph\u1ea3i c\u00f3 nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3. V\u00ed d\u1ee5, m\u00f4 h\u00ecnh CAPM c\u1ea7n ph\u1ea3i t\u00edch h\u1ee3p m\u1ed9t ph\u1ea7n b\u00f9 r\u1ee7i ro qu\u1ed1c gia \u0111\u00e1ng k\u1ec3, t\u1ef7 l\u1ec7 chi\u1ebft kh\u1ea5u ph\u1ea3i \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ec3 ph\u1ea3n \u00e1nh s\u1ef1 bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf v\u0129 m\u00f4, v\u00e0 th\u1eddi gian d\u1ef1 b\u00e1o th\u01b0\u1eddng \u0111\u01b0\u1ee3c r\u00fat ng\u1eafn. Ch\u00fang c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng, nh\u01b0ng v\u1edbi nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh ph\u01b0\u01a1ng ph\u00e1p lu\u1eadn ph\u00f9 h\u1ee3p ph\u1ea3n \u00e1nh nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ecba ph\u01b0\u01a1ng."},{"question":"Pocket Option cung c\u1ea5p nh\u1eefng c\u00f4ng c\u1ee5 n\u00e0o \u0111\u1ec3 \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu Argentina?","answer":"Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 c\u1ee5 th\u1ec3 bao g\u1ed3m m\u00e1y t\u00ednh DCF v\u1edbi c\u00e1c tham s\u1ed1 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho th\u1ecb tr\u01b0\u1eddng Argentina, b\u1ed9 l\u1ecdc \u0111a ng\u00e0nh gi\u00fap so s\u00e1nh, ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt t\u00edch h\u1ee3p v\u1edbi \u0111\u1ecbnh gi\u00e1 c\u01a1 b\u1ea3n, v\u00e0 truy c\u1eadp d\u1eef li\u1ec7u kinh t\u1ebf v\u0129 m\u00f4 c\u1eadp nh\u1eadt \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1. C\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf \u0111\u1eb7c bi\u1ec7t \u0111\u1ec3 xem x\u00e9t c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng Argentina."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p tr\u00ean th\u1ecb tr\u01b0\u1eddng Argentina?","answer":"\u0110\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c c\u1ed5 phi\u1ebfu b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p, n\u00ean t\u00ecm ki\u1ebfm c\u00e1c c\u00f4ng ty c\u00f3: c\u00e1c ch\u1ec9 s\u1ed1 th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi trung b\u00ecnh ng\u00e0nh, kh\u1ea3 n\u0103ng t\u1ea1o ra d\u00f2ng ti\u1ec1n t\u1ef1 do m\u1ea1nh m\u1ebd so v\u1edbi v\u1ed1n h\u00f3a c\u1ee7a h\u1ecd, kh\u1ea3 n\u0103ng duy tr\u00ec bi\u00ean l\u1ee3i nhu\u1eadn trong m\u00f4i tr\u01b0\u1eddng l\u1ea1m ph\u00e1t, \u00edt ti\u1ebfp x\u00fac v\u1edbi n\u1ee3 ngo\u1ea1i t\u1ec7, v\u00e0 c\u00e1c ch\u1ea5t x\u00fac t\u00e1c ti\u1ec1m n\u0103ng c\u00f3 th\u1ec3 gi\u1ea3m kho\u1ea3ng c\u00e1ch gi\u1eefa gi\u00e1 v\u00e0 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i. \u0110i\u1ec1u quan tr\u1ecdng l\u00e0 b\u1ed5 sung ph\u00e2n t\u00edch n\u00e0y v\u1edbi c\u00e1c ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c \u0111i\u1ec3m v\u00e0o l\u1ec7nh thu\u1eadn l\u1ee3i."}]}},"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>\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu: Chi\u1ebfn l\u01b0\u1ee3c hi\u1ec7u qu\u1ea3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 Argentina<\/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\/valuation-of-stocks\/\" \/>\n<meta property=\"og:locale\" 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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\/knowledge-base\/learning\/valuation-of-stocks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/valuation-of-stocks\/\"},\"author\":{\"name\":\"Tatiana OK\",\"@id\":\"https:\/\/pocketoption.com\/blog\/vt\/#\/schema\/person\/7021606f7d6abf56a4dfe12af297820d\"},\"headline\":\"\u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu: Chi\u1ebfn l\u01b0\u1ee3c hi\u1ec7u qu\u1ea3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 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