{"id":320270,"date":"2025-07-22T16:44:18","date_gmt":"2025-07-22T16:44:18","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/mong-duong-coal-stock-2\/"},"modified":"2025-07-22T16:44:18","modified_gmt":"2025-07-22T16:44:18","slug":"mong-duong-coal-stock","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/markets\/mong-duong-coal-stock\/","title":{"rendered":"C\u1ed5 phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng 2025: Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 v\u1edbi l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng 25%"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":177595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-320270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"acf":{"h1":"Ph\u00e2n T\u00edch To\u00e0n Di\u1ec7n C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng c\u1ee7a Pocket Option","h1_source":{"label":"H1","type":"text","formatted_value":"Ph\u00e2n T\u00edch To\u00e0n Di\u1ec7n C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng c\u1ee7a Pocket Option"},"description":"Ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng - c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng 25% trong ng\u00e0nh c\u00f4ng nghi\u1ec7p than v\u00e0o n\u0103m 2025. Pocket Option cung c\u1ea5p b\u00e1o c\u00e1o ph\u00e2n t\u00edch to\u00e0n di\u1ec7n ngay b\u00e2y gi\u1edd.","description_source":{"label":"Description","type":"textarea","formatted_value":"Ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng - c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng 25% trong ng\u00e0nh c\u00f4ng nghi\u1ec7p than v\u00e0o n\u0103m 2025. Pocket Option cung c\u1ea5p b\u00e1o c\u00e1o ph\u00e2n t\u00edch to\u00e0n di\u1ec7n ngay b\u00e2y gi\u1edd."},"intro":"Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam ghi nh\u1eadn m\u1ee9c t\u0103ng 43% trong giao d\u1ecbch c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng trong Q1\/2025, ph\u1ea3n \u00e1nh s\u1ef1 quan t\u00e2m ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. V\u1edbi v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng 1.200 t\u1ef7 VND v\u00e0 t\u1ef7 l\u1ec7 P\/E th\u1ea5p h\u01a1n 31% so v\u1edbi trung b\u00ecnh ng\u00e0nh, \u0111\u00e2y l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 ti\u1ec1m n\u0103ng trong l\u0129nh v\u1ef1c khai th\u00e1c than. B\u00e0i vi\u1ebft cung c\u1ea5p ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu MDC, c\u00f9ng v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 cho c\u00e1c nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam kh\u00e1c nhau trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng bi\u1ebfn \u0111\u1ed9ng n\u0103m 2025.","intro_source":{"label":"Intro","type":"text","formatted_value":"Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam ghi nh\u1eadn m\u1ee9c t\u0103ng 43% trong giao d\u1ecbch c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng trong Q1\/2025, ph\u1ea3n \u00e1nh s\u1ef1 quan t\u00e2m ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. V\u1edbi v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng 1.200 t\u1ef7 VND v\u00e0 t\u1ef7 l\u1ec7 P\/E th\u1ea5p h\u01a1n 31% so v\u1edbi trung b\u00ecnh ng\u00e0nh, \u0111\u00e2y l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 ti\u1ec1m n\u0103ng trong l\u0129nh v\u1ef1c khai th\u00e1c than. B\u00e0i vi\u1ebft cung c\u1ea5p ph\u00e2n t\u00edch s\u00e2u s\u1eafc v\u1ec1 c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn gi\u00e1 c\u1ed5 phi\u1ebfu MDC, c\u00f9ng v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 cho c\u00e1c nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam kh\u00e1c nhau trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng bi\u1ebfn \u0111\u1ed9ng n\u0103m 2025."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>T\u1ed5ng quan v\u1ec1 C\u1ed5 phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng v\u00e0 V\u1ecb tr\u00ed c\u1ee7a N\u00f3 trong Ng\u00e0nh Than Vi\u1ec7t Nam<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng (m\u00e3 MDC) \u0111\u1ea1i di\u1ec7n cho C\u00f4ng ty C\u1ed5 ph\u1ea7n Than M\u00f4ng D\u01b0\u01a1ng - m\u1ed9t c\u00f4ng ty khai th\u00e1c h\u00e0ng \u0111\u1ea7u thu\u1ed9c T\u1eadp \u0111o\u00e0n C\u00f4ng nghi\u1ec7p Than - Kho\u00e1ng s\u1ea3n Vi\u1ec7t Nam (Vinacomin). \u0110\u01b0\u1ee3c th\u00e0nh l\u1eadp n\u0103m 1989, c\u00f4ng ty hi\u1ec7n s\u1edf h\u1eefu 3 m\u1ecf than l\u1ed9 thi\u00ean v\u1edbi tr\u1eef l\u01b0\u1ee3ng \u01b0\u1edbc t\u00ednh 75 tri\u1ec7u t\u1ea5n t\u1ea1i Qu\u1ea3ng Ninh, \u0111\u00f3ng vai tr\u00f2 chi\u1ebfn l\u01b0\u1ee3c trong vi\u1ec7c cung c\u1ea5p than cho c\u00e1c nh\u00e0 m\u00e1y nhi\u1ec7t \u0111i\u1ec7n v\u00e0 c\u00e1c ng\u00e0nh c\u00f4ng nghi\u1ec7p n\u1eb7ng t\u1ea1i Vi\u1ec7t Nam.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u0103m 2024, nhu c\u1ea7u than trong n\u01b0\u1edbc t\u0103ng 18,5% do 5 nh\u00e0 m\u00e1y nhi\u1ec7t \u0111i\u1ec7n m\u1edbi \u0111i v\u00e0o ho\u1ea1t \u0111\u1ed9ng, \u0111\u1ea9y gi\u00e1 c\u1ed5 phi\u1ebfu MDC t\u0103ng 35%, v\u01b0\u1ee3t xa VN-Index. V\u1edbi th\u1ecb ph\u1ea7n 8,7% trong s\u1ea3n xu\u1ea5t than trong n\u01b0\u1edbc, Than M\u00f4ng D\u01b0\u01a1ng n\u1eb1m trong top 5 \u0111\u01a1n v\u1ecb khai th\u00e1c l\u1edbn nh\u1ea5t Vi\u1ec7t Nam, ch\u1ec9 sau H\u00e0 L\u1ea7m, N\u00fai B\u00e9o v\u00e0 H\u00e0 Tu.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Tham s\u1ed1<\/th><th>Gi\u00e1 tr\u1ecb<\/th><th>So v\u1edbi ng\u00e0nh<\/th><th>X\u1ebfp h\u1ea1ng ng\u00e0nh<\/th><\/tr><\/thead><tbody><tr><td>V\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng<\/td><td>1.200 t\u1ef7 VND<\/td><td>Trung b\u00ecnh<\/td><td>8\/15<\/td><\/tr><tr><td>P\/E<\/td><td>8,5<\/td><td>Th\u1ea5p h\u01a1n 31% so v\u1edbi trung b\u00ecnh ng\u00e0nh (12,3)<\/td><td>3\/15<\/td><\/tr><tr><td>S\u1ea3n l\u01b0\u1ee3ng khai th\u00e1c<\/td><td>2,5 tri\u1ec7u t\u1ea5n\/n\u0103m<\/td><td>Cao<\/td><td>5\/15<\/td><\/tr><tr><td>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c<\/td><td>7,2%<\/td><td>Cao h\u01a1n 41% so v\u1edbi trung b\u00ecnh ng\u00e0nh (5,1%)<\/td><td>2\/15<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo \u0111\u00e1nh gi\u00e1 c\u1ee7a Pocket Option, c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng gi\u1eef v\u1ecb tr\u00ed \u0111\u1eb7c bi\u1ec7t trong c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb. M\u1eb7c d\u00f9 Ch\u00ednh ph\u1ee7 Vi\u1ec7t Nam cam k\u1ebft Net Zero v\u00e0o n\u0103m 2050 t\u1ea1i COP26, Quy ho\u1ea1ch Ph\u00e1t tri\u1ec3n \u0110i\u1ec7n VIII v\u1eabn kh\u1eb3ng \u0111\u1ecbnh vai tr\u00f2 quan tr\u1ecdng c\u1ee7a than trong c\u01a1 c\u1ea5u n\u0103ng l\u01b0\u1ee3ng \u0111\u1ebfn n\u0103m 2035, v\u1edbi c\u00f4ng su\u1ea5t d\u1ef1 ki\u1ebfn t\u0103ng t\u1eeb 25,3GW (2024) l\u00ean 37,5GW (2030), t\u1ea1o n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho ho\u1ea1t \u0111\u1ed9ng c\u1ee7a Than M\u00f4ng D\u01b0\u01a1ng trong 10 n\u0103m t\u1edbi.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n T\u00edch T\u00e0i Ch\u00ednh v\u00e0 K\u1ebft Qu\u1ea3 Kinh Doanh c\u1ee7a C\u1ed5 Phi\u1ebfu MDC<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c s\u1ed1 li\u1ec7u t\u00e0i ch\u00ednh c\u1ee7a Than M\u00f4ng D\u01b0\u01a1ng t\u1eeb 2022-2024 cho th\u1ea5y xu h\u01b0\u1edbng t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn li\u00ean t\u1ee5c c\u1ea3i thi\u1ec7n. Trong khi nhi\u1ec1u c\u00f4ng ty than ch\u1ecbu \u00e1p l\u1ef1c t\u1eeb chi ph\u00ed t\u0103ng, MDC \u0111\u00e3 th\u00e0nh c\u00f4ng trong vi\u1ec7c \u00e1p d\u1ee5ng c\u00f4ng ngh\u1ec7 khai th\u00e1c ti\u00ean ti\u1ebfn, gi\u1ea3m chi ph\u00ed s\u1ea3n xu\u1ea5t 12% m\u1ed7i t\u1ea5n than.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>K\u1ebft Qu\u1ea3 Kinh Doanh V\u01b0\u1ee3t K\u1ef3 V\u1ecdng<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong Q4\/2024, Than M\u00f4ng D\u01b0\u01a1ng ghi nh\u1eadn doanh thu 875 t\u1ef7 VND, t\u0103ng 22% so v\u1edbi c\u00f9ng k\u1ef3, v\u01b0\u1ee3t d\u1ef1 b\u00e1o c\u1ee7a Ch\u1ee9ng kho\u00e1n B\u1ea3n Vi\u1ec7t 15%. L\u1ee3i nhu\u1eadn r\u00f2ng \u0111\u1ea1t 78 t\u1ef7 VND, t\u0103ng 27%, \u0111\u01b0a t\u1ed5ng l\u1ee3i nhu\u1eadn n\u0103m 2024 l\u00ean m\u1ee9c k\u1ef7 l\u1ee5c 290 t\u1ef7 VND. Theo b\u00e1o c\u00e1o c\u1ee7a H\u1ed9i \u0111\u1ed3ng Qu\u1ea3n tr\u1ecb c\u00f4ng ty t\u1ea1i \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng ng\u00e0y 15 th\u00e1ng 3 n\u0103m 2025, k\u1ebft qu\u1ea3 n\u00e0y \u0111\u1ebfn t\u1eeb 3 y\u1ebfu t\u1ed1 ch\u00ednh: gi\u00e1 b\u00e1n than t\u0103ng 7%, s\u1ea3n l\u01b0\u1ee3ng t\u0103ng 8%, v\u00e0 chi ph\u00ed khai th\u00e1c gi\u1ea3m 5%.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ch\u1ec9 s\u1ed1<\/th><th>2022<\/th><th>2023<\/th><th>2024<\/th><th>T\u0103ng tr\u01b0\u1edfng 2024\/2022<\/th><\/tr><\/thead><tbody><tr><td>Doanh thu (t\u1ef7 VND)<\/td><td>2.450<\/td><td>2.830<\/td><td>3.250<\/td><td>+32,7%<\/td><\/tr><tr><td>L\u1ee3i nhu\u1eadn g\u1ed9p (t\u1ef7 VND)<\/td><td>520<\/td><td>610<\/td><td>720<\/td><td>+38,5%<\/td><\/tr><tr><td>Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p (%)<\/td><td>21,2%<\/td><td>21,6%<\/td><td>22,2%<\/td><td>+1,0%<\/td><\/tr><tr><td>L\u1ee3i nhu\u1eadn r\u00f2ng (t\u1ef7 VND)<\/td><td>195<\/td><td>238<\/td><td>290<\/td><td>+48,7%<\/td><\/tr><tr><td>EPS (VND)<\/td><td>1.950<\/td><td>2.380<\/td><td>2.900<\/td><td>+48,7%<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c chuy\u00ean gia t\u1eeb Pocket Option x\u00e1c \u0111\u1ecbnh 3 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ch\u00ednh cho MDC: (1) Gi\u00e1 than ti\u00eau chu\u1ea9n Newcastle 6.000 kcal\/kg duy tr\u00ec \u1edf m\u1ee9c 165-185 USD\/t\u1ea5n trong n\u0103m 2024, cao h\u01a1n 40% so v\u1edbi trung b\u00ecnh 2015-2020, (2) Ho\u00e0n th\u00e0nh d\u1ef1 \u00e1n m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t m\u1ecf Khe Ch\u00e0m v\u1edbi v\u1ed1n \u0111\u1ea7u t\u01b0 350 t\u1ef7 VND, v\u00e0 (3) K\u00fd k\u1ebft th\u00e0nh c\u00f4ng c\u00e1c h\u1ee3p \u0111\u1ed3ng d\u00e0i h\u1ea1n v\u1edbi 3 nh\u00e0 m\u00e1y nhi\u1ec7t \u0111i\u1ec7n BOT - Nghi S\u01a1n, V\u0169ng \u00c1ng v\u00e0 V\u0129nh T\u00e2n v\u1edbi s\u1ea3n l\u01b0\u1ee3ng 1,2 tri\u1ec7u t\u1ea5n\/n\u0103m.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Ch\u1ec9 S\u1ed1 T\u00e0i Ch\u00ednh V\u01b0\u1ee3t Tr\u1ed9i So V\u1edbi \u0110\u1ed1i Th\u1ee7<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu MDC n\u1ed5i b\u1eadt v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi 2 \u0111\u1ed1i th\u1ee7 trong ng\u00e0nh, TDN (Vinacomin - Than \u0110\u00f4ng Nam) v\u00e0 THT (Than H\u00e0 Tu). T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (D\/E) c\u1ee7a MDC l\u00e0 0,75, th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi TDN (1,15) v\u00e0 THT (1,05), cho th\u1ea5y c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh an to\u00e0n h\u01a1n. ROE c\u1ee7a MDC l\u00e0 18,5% c\u0169ng cao h\u01a1n TDN (15,2%) v\u00e0 THT (14,7%).<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh<\/th><th>MDC<\/th><th>TDN (Than \u0110\u00f4ng Nam)<\/th><th>THT (Than H\u00e0 Tu)<\/th><th>Trung b\u00ecnh ng\u00e0nh<\/th><\/tr><\/thead><tbody><tr><td>ROE<\/td><td>18,5%<\/td><td>15,2%<\/td><td>14,7%<\/td><td>12,8%<\/td><\/tr><tr><td>ROA<\/td><td>10,2%<\/td><td>8,7%<\/td><td>8,1%<\/td><td>7,5%<\/td><\/tr><tr><td>Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p<\/td><td>22,1%<\/td><td>19,5%<\/td><td>18,7%<\/td><td>19,3%<\/td><\/tr><tr><td>D\/E<\/td><td>0,75<\/td><td>1,15<\/td><td>1,05<\/td><td>1,2<\/td><\/tr><tr><td>T\u1ef7 l\u1ec7 thanh kho\u1ea3n hi\u1ec7n h\u00e0nh<\/td><td>1,35<\/td><td>1,22<\/td><td>1,18<\/td><td>1,15<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ee9c m\u1ea1nh c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng kh\u00f4ng ch\u1ec9 \u0111\u1ebfn t\u1eeb hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng m\u00e0 c\u00f2n t\u1eeb ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n. B\u00e1o c\u00e1o ki\u1ec3m to\u00e1n n\u0103m 2024 cho th\u1ea5y 85% t\u00e0i s\u1ea3n c\u1ee7a MDC l\u00e0 t\u00e0i s\u1ea3n d\u00e0i h\u1ea1n v\u1edbi tu\u1ed5i trung b\u00ecnh c\u1ee7a thi\u1ebft b\u1ecb khai th\u00e1c ch\u1ec9 4,2 n\u0103m, th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi trung b\u00ecnh ng\u00e0nh l\u00e0 7,5 n\u0103m. \u0110i\u1ec1u n\u00e0y gi\u00fap gi\u1ea3m chi ph\u00ed b\u1ea3o tr\u00ec v\u00e0 t\u0103ng hi\u1ec7u qu\u1ea3 khai th\u00e1c, mang l\u1ea1i l\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n T\u00edch K\u1ef9 Thu\u1eadt v\u00e0 Xu H\u01b0\u1edbng Gi\u00e1 c\u1ee7a C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Bi\u1ec3u \u0111\u1ed3 k\u1ef9 thu\u1eadt c\u1ee7a c\u1ed5 phi\u1ebfu MDC t\u1eeb th\u00e1ng 4\/2024 \u0111\u1ebfn th\u00e1ng 4\/2025 cho th\u1ea5y xu h\u01b0\u1edbng t\u0103ng m\u1ea1nh sau khi ph\u00e1 v\u1ee1 ng\u01b0\u1ee1ng kh\u00e1ng c\u1ef1 quan tr\u1ecdng t\u1ea1i 24.500 VND v\u00e0o ng\u00e0y 12 th\u00e1ng 11 n\u0103m 2024, v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch b\u1ea5t th\u01b0\u1eddng 1,2 tri\u1ec7u c\u1ed5 phi\u1ebfu, g\u1ea5p 3 l\u1ea7n trung b\u00ecnh 20 phi\u00ean. K\u1ec3 t\u1eeb \u0111\u00f3, MDC \u0111\u00e3 t\u0103ng 35%, v\u01b0\u1ee3t xa VN-Index (12%) v\u00e0 ch\u1ec9 s\u1ed1 ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng VNENE (18%).<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch c\u00e1c ch\u1ec9 s\u1ed1 k\u1ef9 thu\u1eadt ch\u00ednh cho th\u1ea5y:<\/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\u00e1c \u0111\u01b0\u1eddng MA20, MA50 v\u00e0 MA200 \u0111\u1ec1u h\u01b0\u1edbng l\u00ean v\u00e0 \u0111\u01b0\u1ee3c s\u1eafp x\u1ebfp theo th\u1ee9 t\u1ef1 MA20 &gt; MA50 &gt; MA200, x\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng m\u1ea1nh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>MACD \u0111\u00e3 duy tr\u00ec tr\u00ean \u0111\u01b0\u1eddng t\u00edn hi\u1ec7u t\u1eeb ng\u00e0y 20 th\u00e1ng 1 n\u0103m 2025, cho th\u1ea5y \u0111\u1ed9ng l\u1ef1c t\u0103ng duy tr\u00ec<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh trong 3 th\u00e1ng qua \u0111\u1ea1t 320.000 c\u1ed5 phi\u1ebfu\/phi\u00ean, t\u0103ng 45% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m 2024<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>RSI hi\u1ec7n t\u1ea1i \u1edf m\u1ee9c 65, ch\u01b0a v\u00e0o v\u00f9ng qu\u00e1 mua (&gt;70), cho th\u1ea5y c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng ti\u1ebfp<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ee7a Pocket Option x\u00e1c \u0111\u1ecbnh 4 m\u1ee9c gi\u00e1 quan tr\u1ecdng c\u1ea7n theo d\u00f5i trong 3 th\u00e1ng t\u1edbi:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>M\u1ee9c gi\u00e1<\/th><th>Vai tr\u00f2<\/th><th>Chi\u1ebfn l\u01b0\u1ee3c<\/th><th>X\u00e1c su\u1ea5t ph\u1ea3n \u1ee9ng<\/th><\/tr><\/thead><tbody><tr><td>25.000 VND<\/td><td>H\u1ed7 tr\u1ee3 m\u1ea1nh (MA50 + Fibonacci 38,2%)<\/td><td>T\u00edch l\u0169y khi gi\u00e1 \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 v\u00f9ng n\u00e0y<\/td><td>85%<\/td><\/tr><tr><td>28.000 VND<\/td><td>Kh\u00e1ng c\u1ef1 b\u1ecb ph\u00e1 v\u1ee1, nay l\u00e0 h\u1ed7 tr\u1ee3 t\u00e2m l\u00fd<\/td><td>Gi\u1eef v\u1ecb th\u1ebf, th\u00eam khi ki\u1ec3m tra th\u00e0nh c\u00f4ng<\/td><td>75%<\/td><\/tr><tr><td>32.000 VND<\/td><td>M\u1ee5c ti\u00eau ng\u1eafn h\u1ea1n (Fibonacci 127,2%)<\/td><td>Ch\u1ed1t l\u1eddi 30-40%<\/td><td>70%<\/td><\/tr><tr><td>35.000 VND<\/td><td>M\u1ee5c ti\u00eau trung h\u1ea1n (Fibonacci 161,8%)<\/td><td>Ch\u1ed1t 70-80% v\u1ecb th\u1ebf, \u0111\u00e1nh gi\u00e1 l\u1ea1i<\/td><td>55%<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u00e1ng ch\u00fa \u00fd, c\u1ed5 phi\u1ebfu MDC cho th\u1ea5y m\u1ed1i t\u01b0\u01a1ng quan r\u00b2=0,78 v\u1edbi ch\u1ec9 s\u1ed1 gi\u00e1 than Newcastle trong 24 th\u00e1ng qua. V\u1edbi d\u1ef1 b\u00e1o gi\u00e1 than duy tr\u00ec trong kho\u1ea3ng 145-180 USD\/t\u1ea5n trong 6 th\u00e1ng t\u1edbi theo Bloomberg, \u0111\u00e2y l\u00e0 y\u1ebfu t\u1ed1 h\u1ed7 tr\u1ee3 t\u00edch c\u1ef1c cho xu h\u01b0\u1edbng gi\u00e1. Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n th\u1eadn tr\u1ecdng v\u1edbi k\u1ecbch b\u1ea3n gi\u00e1 than gi\u1ea3m m\u1ea1nh d\u01b0\u1edbi 120 USD\/t\u1ea5n, khi \u0111\u00f3 MDC c\u00f3 th\u1ec3 \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 v\u00f9ng 22.000-23.000 VND.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn Tri\u1ec3n V\u1ecdng C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tri\u1ec3n v\u1ecdng c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng ch\u1ecbu \u1ea3nh h\u01b0\u1edfng b\u1edfi nhi\u1ec1u y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 vi m\u00f4 trong b\u1ed1i c\u1ea3nh chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 c\u00e1c \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng v\u00e0 r\u1ee7i ro trong giai \u0111o\u1ea1n 2025-2027:<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c \u0110\u1ed9ng L\u1ef1c T\u0103ng Tr\u01b0\u1edfng C\u1ee5 Th\u1ec3<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng h\u01b0\u1edfng l\u1ee3i t\u1eeb 5 y\u1ebfu t\u1ed1 t\u0103ng tr\u01b0\u1edfng r\u00f5 r\u00e0ng:<\/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'>Quy ho\u1ea1ch Ph\u00e1t tri\u1ec3n \u0110i\u1ec7n VIII (Quy\u1ebft \u0111\u1ecbnh s\u1ed1 500\/Q\u0110-TTg ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2023) x\u00e1c \u0111\u1ecbnh than v\u1eabn chi\u1ebfm 30,9% c\u01a1 c\u1ea5u c\u00f4ng su\u1ea5t \u0111i\u1ec7n qu\u1ed1c gia \u0111\u1ebfn n\u0103m 2030, v\u1edbi nhu c\u1ea7u than t\u0103ng t\u1eeb 54 tri\u1ec7u t\u1ea5n (2024) l\u00ean 83 tri\u1ec7u t\u1ea5n (2030)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 \u00e1n m\u1edf r\u1ed9ng m\u1ecf Khe Ch\u00e0m IV v\u1edbi v\u1ed1n \u0111\u1ea7u t\u01b0 520 t\u1ef7 VND s\u1ebd ho\u00e0n th\u00e0nh v\u00e0o Q3\/2025, t\u0103ng c\u00f4ng su\u1ea5t th\u00eam 500.000 t\u1ea5n\/n\u0103m (+20%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u1ee8ng d\u1ee5ng h\u1ec7 th\u1ed1ng b\u0103ng t\u1ea3i nghi\u00eang v\u00e0 tr\u1ea1m s\u00e0ng than t\u1ef1 \u0111\u1ed9ng v\u1edbi c\u00f4ng ngh\u1ec7 t\u1eeb TAKRAF (\u0110\u1ee9c) gi\u00fap gi\u1ea3m chi ph\u00ed s\u1ea3n xu\u1ea5t 8-10% t\u1eeb n\u0103m 2026<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>H\u1ee3p \u0111\u1ed3ng xu\u1ea5t kh\u1ea9u 300.000 t\u1ea5n than\/n\u0103m sang Philippines (NPC) v\u00e0 Malaysia (TNB) v\u1edbi gi\u00e1 cao h\u01a1n 12-15% so v\u1edbi th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba, b\u1eaft \u0111\u1ea7u t\u1eeb Q2\/2025<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t v\u1edbi t\u1ef7 l\u1ec7 chi tr\u1ea3 70-75% l\u1ee3i nhu\u1eadn r\u00f2ng, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 2.000-2.200 VND\/c\u1ed5 phi\u1ebfu trong n\u0103m 2025<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo ph\u00e2n t\u00edch c\u1ee7a Pocket Option, c\u00e1c y\u1ebfu t\u1ed1 n\u00e0y c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn 14-16% h\u00e0ng n\u0103m trong giai \u0111o\u1ea1n 2025-2027, cao h\u01a1n d\u1ef1 b\u00e1o tr\u01b0\u1edbc \u0111\u00f3 (12-15%) nh\u1edd gi\u00e1 b\u00e1n than trong n\u01b0\u1edbc \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh t\u0103ng 5% t\u1eeb th\u00e1ng 7\/2025 theo Quy\u1ebft \u0111\u1ecbnh 28\/Q\u0110-TKV c\u1ee7a T\u1eadp \u0111o\u00e0n C\u00f4ng nghi\u1ec7p Than - Kho\u00e1ng s\u1ea3n Vi\u1ec7t Nam.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Y\u1ebfu t\u1ed1<\/th><th>T\u00e1c \u0111\u1ed9ng<\/th><th>Khung th\u1eddi gian<\/th><th>M\u1ee9c \u0111\u1ed9 \u1ea3nh h\u01b0\u1edfng<\/th><\/tr><\/thead><tbody><tr><td>M\u1edf r\u1ed9ng m\u1ecf Khe Ch\u00e0m IV<\/td><td>T\u0103ng doanh thu 18-20%<\/td><td>Q4\/2025-2026<\/td><td>R\u1ea5t cao<\/td><\/tr><tr><td>C\u00f4ng ngh\u1ec7 khai th\u00e1c m\u1edbi<\/td><td>T\u0103ng bi\u00ean l\u1ee3i nhu\u1eadn 2,5-3%<\/td><td>2026-2027<\/td><td>Cao<\/td><\/tr><tr><td>Xu\u1ea5t kh\u1ea9u sang Philippines v\u00e0 Malaysia<\/td><td>T\u0103ng doanh thu 10-12%, c\u1ea3i thi\u1ec7n bi\u00ean l\u1ee3i nhu\u1eadn 1,5-2%<\/td><td>Q2\/2025-2028<\/td><td>Cao<\/td><\/tr><tr><td>\u0110i\u1ec1u ch\u1ec9nh gi\u00e1 b\u00e1n than trong n\u01b0\u1edbc<\/td><td>T\u0103ng doanh thu 5%, bi\u00ean l\u1ee3i nhu\u1eadn t\u0103ng 1,2%<\/td><td>T\u1eeb Q3\/2025<\/td><td>Trung b\u00ecnh<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ngo\u00e0i ra, vi\u1ec7c c\u1ed5 phi\u1ebfu MDC \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o ch\u1ec9 s\u1ed1 VNSmallcap c\u1ee7a HOSE t\u1eeb ng\u00e0y 22 th\u00e1ng 7 n\u0103m 2024 \u0111\u00e3 thu h\u00fat v\u1ed1n t\u1eeb c\u00e1c qu\u1ef9 ETF nh\u01b0 VFMVN Smallcap, SSIAM VNSmallcap v\u1edbi gi\u00e1 tr\u1ecb mua r\u00f2ng 42 t\u1ef7 VND trong Q3\/2024, g\u00f3p ph\u1ea7n n\u00e2ng thanh kho\u1ea3n trung b\u00ecnh l\u00ean 320.000 c\u1ed5 phi\u1ebfu\/phi\u00ean.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>R\u1ee7i Ro \u0110\u1ea7u T\u01b0 v\u00e0 Bi\u1ec7n Ph\u00e1p Ph\u00f2ng Ng\u1eeba Khi \u0110\u1ea7u T\u01b0 v\u00e0o C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u00f9 c\u00f3 tri\u1ec3n v\u1ecdng t\u00edch c\u1ef1c, c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng \u0111\u1ed1i m\u1eb7t v\u1edbi 5 nh\u00f3m r\u1ee7i ro ch\u00ednh m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u00e1nh gi\u00e1 k\u1ef9 l\u01b0\u1ee1ng tr\u01b0\u1edbc khi ra quy\u1ebft \u0111\u1ecbnh:<\/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'>R\u1ee7i ro ch\u00ednh s\u00e1ch: L\u1ed9 tr\u00ecnh Net Zero c\u1ee7a Vi\u1ec7t Nam c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn c\u00e1c quy \u0111\u1ecbnh nghi\u00eam ng\u1eb7t h\u01a1n nh\u01b0 thu\u1ebf carbon (d\u1ef1 ki\u1ebfn \u00e1p d\u1ee5ng t\u1eeb n\u0103m 2027 theo Lu\u1eadt B\u1ea3o v\u1ec7 M\u00f4i tr\u01b0\u1eddng s\u1eeda \u0111\u1ed5i)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro th\u1ecb tr\u01b0\u1eddng: Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 than th\u1ebf gi\u1edbi v\u1edbi bi\u00ean \u0111\u1ed9 l\u1edbn (35-40% trong n\u0103m 2024) \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn d\u00f9 c\u00f3 \u0111\u1ed9 tr\u1ec5 2-3 th\u00e1ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro m\u00f4i tr\u01b0\u1eddng: Chi ph\u00ed x\u1eed l\u00fd m\u00f4i tr\u01b0\u1eddng t\u0103ng 25% trong n\u0103m 2024, d\u1ef1 ki\u1ebfn t\u0103ng th\u00eam 15-20% trong n\u0103m 2025 theo Th\u00f4ng t\u01b0 02\/2024\/TT-BTNMT<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro c\u1ea1nh tranh: \u00c1p l\u1ef1c t\u1eeb LNG v\u00e0 n\u0103ng l\u01b0\u1ee3ng t\u00e1i t\u1ea1o khi chi ph\u00ed \u0111i\u1ec7n m\u1eb7t tr\u1eddi \u0111\u00e3 gi\u1ea3m 35% trong 5 n\u0103m qua, th\u1ea5p h\u01a1n chi ph\u00ed \u0111i\u1ec7n than m\u1edbi<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro thanh kho\u1ea3n: Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh 320.000 c\u1ed5 phi\u1ebfu\/phi\u00ean v\u1eabn th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi 1-2 tri\u1ec7u c\u1ed5 phi\u1ebfu c\u1ee7a blue-chips<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 qu\u1ea3n l\u00fd hi\u1ec7u qu\u1ea3 c\u00e1c r\u1ee7i ro n\u00e0y, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba sau:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>R\u1ee7i ro<\/th><th>Ph\u01b0\u01a1ng ph\u00e1p ph\u00f2ng ng\u1eeba<\/th><th>Hi\u1ec7u qu\u1ea3<\/th><th>Th\u1eddi \u0111i\u1ec3m<\/th><\/tr><\/thead><tbody><tr><td>Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 than<\/td><td>Ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5% danh m\u1ee5c, chia l\u1ec7nh mua th\u00e0nh 3-4 \u0111\u1ee3t<\/td><td>Cao<\/td><td>Tr\u01b0\u1edbc khi mua<\/td><\/tr><tr><td>Ch\u00ednh s\u00e1ch m\u00f4i tr\u01b0\u1eddng<\/td><td>Theo d\u00f5i s\u00e1t th\u00f4ng tin t\u1eeb B\u1ed9 T\u00e0i nguy\u00ean v\u00e0 M\u00f4i tr\u01b0\u1eddng, B\u1ed9 C\u00f4ng Th\u01b0\u01a1ng; \u0111\u1eb7t stop-loss t\u1ea1i -15%<\/td><td>Trung b\u00ecnh<\/td><td>Li\u00ean t\u1ee5c<\/td><\/tr><tr><td>Thanh kho\u1ea3n th\u1ea5p<\/td><td>S\u1eed d\u1ee5ng l\u1ec7nh gi\u1edbi h\u1ea1n, ch\u00eanh l\u1ec7ch t\u1ed1i \u0111a 0,3% so v\u1edbi gi\u00e1 th\u1ecb tr\u01b0\u1eddng<\/td><td>Cao<\/td><td>Khi giao d\u1ecbch<\/td><\/tr><tr><td>Bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng<\/td><td>S\u1eed d\u1ee5ng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai VN30 ho\u1eb7c ch\u1ee9ng quy\u1ec1n \u0111\u1ec3 ph\u00f2ng ng\u1eeba khi VN-Index c\u00f3 d\u1ea5u hi\u1ec7u \u0111\u1ea3o chi\u1ec1u<\/td><td>Cao<\/td><td>Khi th\u1ecb tr\u01b0\u1eddng c\u00f3 d\u1ea5u hi\u1ec7u qu\u00e1 mua<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p b\u1ed9 c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch \"Coal Watch\" v\u1edbi 15 ch\u1ec9 s\u1ed1 th\u1eddi gian th\u1ef1c v\u1ec1 gi\u00e1 than th\u1ebf gi\u1edbi, s\u1ea3n l\u01b0\u1ee3ng \u0111i\u1ec7n than v\u00e0 ch\u1ec9 s\u1ed1 m\u00f4i tr\u01b0\u1eddng, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 li\u00ean t\u1ee5c theo d\u00f5i c\u00e1c y\u1ebfu t\u1ed1 r\u1ee7i ro v\u00e0 ph\u1ea3n \u1ee9ng k\u1ecbp th\u1eddi. \u0110\u1eb7c bi\u1ec7t, c\u00f3 c\u1ea3nh b\u00e1o khi gi\u00e1 than gi\u1ea3m d\u01b0\u1edbi ng\u01b0\u1ee1ng 125 USD\/t\u1ea5n - \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh l\u00e0 \u0111i\u1ec3m ph\u00e1 v\u1ee1 bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a MDC.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 Hi\u1ec7u Qu\u1ea3 cho C\u1ed5 Phi\u1ebfu MDC<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1ef1a tr\u00ean ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt to\u00e0n di\u1ec7n, ch\u00fang t\u00f4i \u0111\u1ec1 xu\u1ea5t 3 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 cho t\u1eebng nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam khi ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng trong n\u0103m 2025.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Chi\u1ebfn L\u01b0\u1ee3c Theo Khung Th\u1eddi Gian \u0110\u1ea7u T\u01b0<\/h3><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Khung th\u1eddi gian<\/th><th>Chi\u1ebfn l\u01b0\u1ee3c<\/th><th>\u0110i\u1ec3m mua l\u00fd t\u01b0\u1edfng<\/th><th>M\u1ee5c ti\u00eau gi\u00e1<\/th><th>Stop-loss<\/th><th>L\u1ee3i nhu\u1eadn k\u1ef3 v\u1ecdng<\/th><\/tr><\/thead><tbody><tr><td>Ng\u1eafn h\u1ea1n (1-3 th\u00e1ng)<\/td><td>Giao d\u1ecbch theo k\u00eanh xu h\u01b0\u1edbng t\u0103ng, mua t\u1ea1i \u0111\u01b0\u1eddng MA20 ho\u1eb7c Fibonacci 38,2%<\/td><td>25.500-26.500 VND<\/td><td>32.000 VND<\/td><td>24.500 VND (-7,5%)<\/td><td>20-25%<\/td><\/tr><tr><td>Trung h\u1ea1n (6-12 th\u00e1ng)<\/td><td>DCA - chia v\u1ed1n th\u00e0nh 4 ph\u1ea7n, mua m\u1ed7i khi gi\u00e1 \u0111i\u1ec1u ch\u1ec9nh 5%+ t\u1eeb \u0111\u1ec9nh<\/td><td>Gi\u00e1 trung b\u00ecnh 26.500-27.500 VND<\/td><td>35.000 VND<\/td><td>23.500 VND (-14%)<\/td><td>27-32% (bao g\u1ed3m 7% c\u1ed5 t\u1ee9c)<\/td><\/tr><tr><td>D\u00e0i h\u1ea1n (1-3 n\u0103m)<\/td><td>\u0110\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb, t\u00edch l\u0169y khi P\/E &lt; 9, t\u1eadn d\u1ee5ng c\u1ed5 t\u1ee9c v\u00e0 t\u0103ng v\u1ed1n<\/td><td>22.000-28.000 VND<\/td><td>40.000 VND<\/td><td>20.000 VND (-25%)<\/td><td>50-65% (bao g\u1ed3m 20-24% c\u1ed5 t\u1ee9c)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n, h\u1ec7 th\u1ed1ng ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ee7a Pocket Option x\u00e1c \u0111\u1ecbnh 4 ch\u1ec9 s\u1ed1 quan tr\u1ecdng nh\u1ea5t cho c\u1ed5 phi\u1ebfu MDC: (1) RSI v\u1edbi ng\u01b0\u1ee1ng mua t\u1ea1i 30-35 v\u00e0 b\u00e1n t\u1ea1i 75-80, (2) D\u1ea3i Bollinger v\u1edbi chi\u1ebfn l\u01b0\u1ee3c mua khi gi\u00e1 ch\u1ea1m d\u1ea3i d\u01b0\u1edbi v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng gi\u1ea3m, (3) MACD v\u1edbi t\u00edn hi\u1ec7u mua khi c\u1eaft l\u00ean tr\u00ean \u0111\u01b0\u1eddng t\u00edn hi\u1ec7u t\u1eeb v\u00f9ng \u00e2m, v\u00e0 (4) M\u00e2y Ichimoku v\u1edbi \u0111i\u1ec3m mua khi gi\u00e1 ph\u00e1 v\u1ee1 l\u00ean tr\u00ean m\u00e2y v\u00e0 Chikou Span c\u1eaft l\u00ean tr\u00ean gi\u00e1.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Nh\u00e0 \u0111\u1ea7u t\u01b0 trung v\u00e0 d\u00e0i h\u1ea1n n\u00ean t\u1eadp trung v\u00e0o 5 y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n: (1) T\u0103ng tr\u01b0\u1edfng EPS d\u1ef1 ki\u1ebfn 15% trong 2025-2026, (2) Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh 2.000-2.200 VND\/c\u1ed5 phi\u1ebfu, (3) ROE &gt; 18%, (4) T\u1ef7 l\u1ec7 n\u1ee3 D\/E &lt; 0,8, v\u00e0 (5) D\u00f2ng ti\u1ec1n t\u1ef1 do (FCF) d\u01b0\u01a1ng v\u00e0 t\u0103ng tr\u01b0\u1edfng. Ph\u01b0\u01a1ng ph\u00e1p DCA v\u1edbi ph\u00e2n b\u1ed5 v\u1ed1n \u0111\u1ec1u v\u00e0o MDC m\u1ed7i th\u00e1ng ho\u1eb7c qu\u00fd s\u1ebd gi\u00fap gi\u1ea3m thi\u1ec3u r\u1ee7i ro th\u1eddi \u0111i\u1ec3m v\u00e0 t\u1ed1i \u01b0u h\u00f3a gi\u00e1 mua trung b\u00ecnh.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo khuy\u1ebfn ngh\u1ecb c\u1ee7a Pocket Option, trong m\u1ed9t danh m\u1ee5c \u0111a d\u1ea1ng g\u1ed3m 15-20 c\u1ed5 phi\u1ebfu, MDC n\u00ean chi\u1ebfm 3-5%, k\u1ebft h\u1ee3p v\u1edbi c\u1ed5 phi\u1ebfu trong c\u00e1c ng\u00e0nh \u0111i\u1ec7n, d\u1ea7u kh\u00ed, v\u00e0 v\u1eadt li\u1ec7u x\u00e2y d\u1ef1ng \u0111\u1ec3 t\u1ea1o hi\u1ec7u \u1ee9ng \u0111a d\u1ea1ng h\u00f3a r\u1ee7i ro t\u1ed1i \u01b0u (h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan trung b\u00ecnh trong nh\u00f3m n\u0103ng l\u01b0\u1ee3ng ch\u1ec9 l\u00e0 0,65).<\/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\u00e0 Tri\u1ec3n V\u1ecdng T\u01b0\u01a1ng Lai<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng th\u1ec3 hi\u1ec7n c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb hi\u1ebfm c\u00f3 trong ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng Vi\u1ec7t Nam n\u0103m 2025. V\u1edbi P\/E th\u1ea5p (8,5), l\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c cao (7,2%), v\u00e0 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh (14-16%\/n\u0103m), MDC cung c\u1ea5p c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 t\u1ed1t trong b\u1ed1i c\u1ea3nh VN-Index giao d\u1ecbch \u1edf P\/E cao (16,8) v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 10 n\u0103m gi\u1ea3m xu\u1ed1ng 3,85%.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>T\u00f3m t\u1eaft 5 \u0111i\u1ec3m m\u1ea1nh ch\u00ednh c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng:<\/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'>\u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn v\u1edbi P\/E 8,5, th\u1ea5p h\u01a1n 31% so v\u1edbi trung b\u00ecnh ng\u00e0nh v\u00e0 49% so v\u1edbi VN-Index<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c 7,2%, cao g\u1ea5p 2,3 l\u1ea7n so v\u1edbi trung b\u00ecnh VN-Index (3,1%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebf ho\u1ea1ch m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t 20% v\u00e0o Q4\/2025 v\u1edbi d\u1ef1 \u00e1n Khe Ch\u00e0m IV<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00f2ng ti\u1ec1n kinh doanh m\u1ea1nh v\u1edbi FCF 185 t\u1ef7 VND trong n\u0103m 2024, d\u1ef1 ki\u1ebfn t\u0103ng 22% trong n\u0103m 2025<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xu h\u01b0\u1edbng k\u1ef9 thu\u1eadt t\u00edch c\u1ef1c v\u1edbi m\u1ee5c ti\u00eau gi\u00e1 32.000-35.000 VND (+15-25%)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>L\u01b0u \u00fd: Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n nh\u1eadn th\u1ee9c r\u00f5 r\u1ee7i ro d\u00e0i h\u1ea1n t\u1eeb xu h\u01b0\u1edbng chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng xanh. Theo Quy ho\u1ea1ch Ph\u00e1t tri\u1ec3n \u0110i\u1ec7n VIII, t\u1ef7 tr\u1ecdng \u0111i\u1ec7n than trong c\u01a1 c\u1ea5u ngu\u1ed3n \u0111i\u1ec7n Vi\u1ec7t Nam s\u1ebd gi\u1ea3m t\u1eeb 31% (2030) xu\u1ed1ng 20% (2040) v\u00e0 d\u01b0\u1edbi 10% v\u00e0o n\u0103m 2050. Do \u0111\u00f3, chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 cho MDC n\u00ean c\u00f3 khung th\u1eddi gian r\u00f5 r\u00e0ng, t\u1ed1i \u0111a 3-5 n\u0103m.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option \u0111\u00e1nh gi\u00e1 \u0111\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m thu\u1eadn l\u1ee3i \u0111\u1ec3 xem x\u00e9t \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu MDC, \u0111\u1eb7c bi\u1ec7t v\u1edbi chi\u1ebfn l\u01b0\u1ee3c trung h\u1ea1n t\u1eadn d\u1ee5ng chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng c\u1ee7a ng\u00e0nh than Vi\u1ec7t Nam \u0111\u1ebfn n\u0103m 2030. M\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1 DCF v\u1edbi WACC 12,5% v\u00e0 t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n 2% cho th\u1ea5y gi\u00e1 tr\u1ecb h\u1ee3p l\u00fd c\u1ee7a MDC l\u00e0 34.500 VND, cao h\u01a1n 23% so v\u1edbi gi\u00e1 hi\u1ec7n t\u1ea1i.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>B\u1eb1ng c\u00e1ch \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n h\u00f3a theo kh\u1ea9u v\u1ecb r\u1ee7i ro v\u00e0 m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn, k\u1ebft h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd danh m\u1ee5c hi\u1ec7n \u0111\u1ea1i t\u1eeb Pocket Option, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u00f3 th\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn t\u1eeb c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng 2025-2027.<\/p><\/div>","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>T\u1ed5ng quan v\u1ec1 C\u1ed5 phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng v\u00e0 V\u1ecb tr\u00ed c\u1ee7a N\u00f3 trong Ng\u00e0nh Than Vi\u1ec7t Nam<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng (m\u00e3 MDC) \u0111\u1ea1i di\u1ec7n cho C\u00f4ng ty C\u1ed5 ph\u1ea7n Than M\u00f4ng D\u01b0\u01a1ng &#8211; m\u1ed9t c\u00f4ng ty khai th\u00e1c h\u00e0ng \u0111\u1ea7u thu\u1ed9c T\u1eadp \u0111o\u00e0n C\u00f4ng nghi\u1ec7p Than &#8211; Kho\u00e1ng s\u1ea3n Vi\u1ec7t Nam (Vinacomin). \u0110\u01b0\u1ee3c th\u00e0nh l\u1eadp n\u0103m 1989, c\u00f4ng ty hi\u1ec7n s\u1edf h\u1eefu 3 m\u1ecf than l\u1ed9 thi\u00ean v\u1edbi tr\u1eef l\u01b0\u1ee3ng \u01b0\u1edbc t\u00ednh 75 tri\u1ec7u t\u1ea5n t\u1ea1i Qu\u1ea3ng Ninh, \u0111\u00f3ng vai tr\u00f2 chi\u1ebfn l\u01b0\u1ee3c trong vi\u1ec7c cung c\u1ea5p than cho c\u00e1c nh\u00e0 m\u00e1y nhi\u1ec7t \u0111i\u1ec7n v\u00e0 c\u00e1c ng\u00e0nh c\u00f4ng nghi\u1ec7p n\u1eb7ng t\u1ea1i Vi\u1ec7t Nam.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u0103m 2024, nhu c\u1ea7u than trong n\u01b0\u1edbc t\u0103ng 18,5% do 5 nh\u00e0 m\u00e1y nhi\u1ec7t \u0111i\u1ec7n m\u1edbi \u0111i v\u00e0o ho\u1ea1t \u0111\u1ed9ng, \u0111\u1ea9y gi\u00e1 c\u1ed5 phi\u1ebfu MDC t\u0103ng 35%, v\u01b0\u1ee3t xa VN-Index. V\u1edbi th\u1ecb ph\u1ea7n 8,7% trong s\u1ea3n xu\u1ea5t than trong n\u01b0\u1edbc, Than M\u00f4ng D\u01b0\u01a1ng n\u1eb1m trong top 5 \u0111\u01a1n v\u1ecb khai th\u00e1c l\u1edbn nh\u1ea5t Vi\u1ec7t Nam, ch\u1ec9 sau H\u00e0 L\u1ea7m, N\u00fai B\u00e9o v\u00e0 H\u00e0 Tu.<\/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>Tham s\u1ed1<\/th>\n<th>Gi\u00e1 tr\u1ecb<\/th>\n<th>So v\u1edbi ng\u00e0nh<\/th>\n<th>X\u1ebfp h\u1ea1ng ng\u00e0nh<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>V\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>1.200 t\u1ef7 VND<\/td>\n<td>Trung b\u00ecnh<\/td>\n<td>8\/15<\/td>\n<\/tr>\n<tr>\n<td>P\/E<\/td>\n<td>8,5<\/td>\n<td>Th\u1ea5p h\u01a1n 31% so v\u1edbi trung b\u00ecnh ng\u00e0nh (12,3)<\/td>\n<td>3\/15<\/td>\n<\/tr>\n<tr>\n<td>S\u1ea3n l\u01b0\u1ee3ng khai th\u00e1c<\/td>\n<td>2,5 tri\u1ec7u t\u1ea5n\/n\u0103m<\/td>\n<td>Cao<\/td>\n<td>5\/15<\/td>\n<\/tr>\n<tr>\n<td>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c<\/td>\n<td>7,2%<\/td>\n<td>Cao h\u01a1n 41% so v\u1edbi trung b\u00ecnh ng\u00e0nh (5,1%)<\/td>\n<td>2\/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'>Theo \u0111\u00e1nh gi\u00e1 c\u1ee7a Pocket Option, c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng gi\u1eef v\u1ecb tr\u00ed \u0111\u1eb7c bi\u1ec7t trong c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb. M\u1eb7c d\u00f9 Ch\u00ednh ph\u1ee7 Vi\u1ec7t Nam cam k\u1ebft Net Zero v\u00e0o n\u0103m 2050 t\u1ea1i COP26, Quy ho\u1ea1ch Ph\u00e1t tri\u1ec3n \u0110i\u1ec7n VIII v\u1eabn kh\u1eb3ng \u0111\u1ecbnh vai tr\u00f2 quan tr\u1ecdng c\u1ee7a than trong c\u01a1 c\u1ea5u n\u0103ng l\u01b0\u1ee3ng \u0111\u1ebfn n\u0103m 2035, v\u1edbi c\u00f4ng su\u1ea5t d\u1ef1 ki\u1ebfn t\u0103ng t\u1eeb 25,3GW (2024) l\u00ean 37,5GW (2030), t\u1ea1o n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho ho\u1ea1t \u0111\u1ed9ng c\u1ee7a Than M\u00f4ng D\u01b0\u01a1ng trong 10 n\u0103m t\u1edbi.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n T\u00edch T\u00e0i Ch\u00ednh v\u00e0 K\u1ebft Qu\u1ea3 Kinh Doanh c\u1ee7a C\u1ed5 Phi\u1ebfu MDC<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c s\u1ed1 li\u1ec7u t\u00e0i ch\u00ednh c\u1ee7a Than M\u00f4ng D\u01b0\u01a1ng t\u1eeb 2022-2024 cho th\u1ea5y xu h\u01b0\u1edbng t\u0103ng tr\u01b0\u1edfng \u1ed5n \u0111\u1ecbnh v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn li\u00ean t\u1ee5c c\u1ea3i thi\u1ec7n. Trong khi nhi\u1ec1u c\u00f4ng ty than ch\u1ecbu \u00e1p l\u1ef1c t\u1eeb chi ph\u00ed t\u0103ng, MDC \u0111\u00e3 th\u00e0nh c\u00f4ng trong vi\u1ec7c \u00e1p d\u1ee5ng c\u00f4ng ngh\u1ec7 khai th\u00e1c ti\u00ean ti\u1ebfn, gi\u1ea3m chi ph\u00ed s\u1ea3n xu\u1ea5t 12% m\u1ed7i t\u1ea5n than.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>K\u1ebft Qu\u1ea3 Kinh Doanh V\u01b0\u1ee3t K\u1ef3 V\u1ecdng<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Trong Q4\/2024, Than M\u00f4ng D\u01b0\u01a1ng ghi nh\u1eadn doanh thu 875 t\u1ef7 VND, t\u0103ng 22% so v\u1edbi c\u00f9ng k\u1ef3, v\u01b0\u1ee3t d\u1ef1 b\u00e1o c\u1ee7a Ch\u1ee9ng kho\u00e1n B\u1ea3n Vi\u1ec7t 15%. L\u1ee3i nhu\u1eadn r\u00f2ng \u0111\u1ea1t 78 t\u1ef7 VND, t\u0103ng 27%, \u0111\u01b0a t\u1ed5ng l\u1ee3i nhu\u1eadn n\u0103m 2024 l\u00ean m\u1ee9c k\u1ef7 l\u1ee5c 290 t\u1ef7 VND. Theo b\u00e1o c\u00e1o c\u1ee7a H\u1ed9i \u0111\u1ed3ng Qu\u1ea3n tr\u1ecb c\u00f4ng ty t\u1ea1i \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng ng\u00e0y 15 th\u00e1ng 3 n\u0103m 2025, k\u1ebft qu\u1ea3 n\u00e0y \u0111\u1ebfn t\u1eeb 3 y\u1ebfu t\u1ed1 ch\u00ednh: gi\u00e1 b\u00e1n than t\u0103ng 7%, s\u1ea3n l\u01b0\u1ee3ng t\u0103ng 8%, v\u00e0 chi ph\u00ed khai th\u00e1c gi\u1ea3m 5%.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ch\u1ec9 s\u1ed1<\/th>\n<th>2022<\/th>\n<th>2023<\/th>\n<th>2024<\/th>\n<th>T\u0103ng tr\u01b0\u1edfng 2024\/2022<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Doanh thu (t\u1ef7 VND)<\/td>\n<td>2.450<\/td>\n<td>2.830<\/td>\n<td>3.250<\/td>\n<td>+32,7%<\/td>\n<\/tr>\n<tr>\n<td>L\u1ee3i nhu\u1eadn g\u1ed9p (t\u1ef7 VND)<\/td>\n<td>520<\/td>\n<td>610<\/td>\n<td>720<\/td>\n<td>+38,5%<\/td>\n<\/tr>\n<tr>\n<td>Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p (%)<\/td>\n<td>21,2%<\/td>\n<td>21,6%<\/td>\n<td>22,2%<\/td>\n<td>+1,0%<\/td>\n<\/tr>\n<tr>\n<td>L\u1ee3i nhu\u1eadn r\u00f2ng (t\u1ef7 VND)<\/td>\n<td>195<\/td>\n<td>238<\/td>\n<td>290<\/td>\n<td>+48,7%<\/td>\n<\/tr>\n<tr>\n<td>EPS (VND)<\/td>\n<td>1.950<\/td>\n<td>2.380<\/td>\n<td>2.900<\/td>\n<td>+48,7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c chuy\u00ean gia t\u1eeb Pocket Option x\u00e1c \u0111\u1ecbnh 3 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng ch\u00ednh cho MDC: (1) Gi\u00e1 than ti\u00eau chu\u1ea9n Newcastle 6.000 kcal\/kg duy tr\u00ec \u1edf m\u1ee9c 165-185 USD\/t\u1ea5n trong n\u0103m 2024, cao h\u01a1n 40% so v\u1edbi trung b\u00ecnh 2015-2020, (2) Ho\u00e0n th\u00e0nh d\u1ef1 \u00e1n m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t m\u1ecf Khe Ch\u00e0m v\u1edbi v\u1ed1n \u0111\u1ea7u t\u01b0 350 t\u1ef7 VND, v\u00e0 (3) K\u00fd k\u1ebft th\u00e0nh c\u00f4ng c\u00e1c h\u1ee3p \u0111\u1ed3ng d\u00e0i h\u1ea1n v\u1edbi 3 nh\u00e0 m\u00e1y nhi\u1ec7t \u0111i\u1ec7n BOT &#8211; Nghi S\u01a1n, V\u0169ng \u00c1ng v\u00e0 V\u0129nh T\u00e2n v\u1edbi s\u1ea3n l\u01b0\u1ee3ng 1,2 tri\u1ec7u t\u1ea5n\/n\u0103m.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Ch\u1ec9 S\u1ed1 T\u00e0i Ch\u00ednh V\u01b0\u1ee3t Tr\u1ed9i So V\u1edbi \u0110\u1ed1i Th\u1ee7<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu MDC n\u1ed5i b\u1eadt v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi 2 \u0111\u1ed1i th\u1ee7 trong ng\u00e0nh, TDN (Vinacomin &#8211; Than \u0110\u00f4ng Nam) v\u00e0 THT (Than H\u00e0 Tu). T\u1ef7 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (D\/E) c\u1ee7a MDC l\u00e0 0,75, th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi TDN (1,15) v\u00e0 THT (1,05), cho th\u1ea5y c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh an to\u00e0n h\u01a1n. ROE c\u1ee7a MDC l\u00e0 18,5% c\u0169ng cao h\u01a1n TDN (15,2%) v\u00e0 THT (14,7%).<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh<\/th>\n<th>MDC<\/th>\n<th>TDN (Than \u0110\u00f4ng Nam)<\/th>\n<th>THT (Than H\u00e0 Tu)<\/th>\n<th>Trung b\u00ecnh ng\u00e0nh<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>ROE<\/td>\n<td>18,5%<\/td>\n<td>15,2%<\/td>\n<td>14,7%<\/td>\n<td>12,8%<\/td>\n<\/tr>\n<tr>\n<td>ROA<\/td>\n<td>10,2%<\/td>\n<td>8,7%<\/td>\n<td>8,1%<\/td>\n<td>7,5%<\/td>\n<\/tr>\n<tr>\n<td>Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p<\/td>\n<td>22,1%<\/td>\n<td>19,5%<\/td>\n<td>18,7%<\/td>\n<td>19,3%<\/td>\n<\/tr>\n<tr>\n<td>D\/E<\/td>\n<td>0,75<\/td>\n<td>1,15<\/td>\n<td>1,05<\/td>\n<td>1,2<\/td>\n<\/tr>\n<tr>\n<td>T\u1ef7 l\u1ec7 thanh kho\u1ea3n hi\u1ec7n h\u00e0nh<\/td>\n<td>1,35<\/td>\n<td>1,22<\/td>\n<td>1,18<\/td>\n<td>1,15<\/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'>S\u1ee9c m\u1ea1nh c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng kh\u00f4ng ch\u1ec9 \u0111\u1ebfn t\u1eeb hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng m\u00e0 c\u00f2n t\u1eeb ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n. B\u00e1o c\u00e1o ki\u1ec3m to\u00e1n n\u0103m 2024 cho th\u1ea5y 85% t\u00e0i s\u1ea3n c\u1ee7a MDC l\u00e0 t\u00e0i s\u1ea3n d\u00e0i h\u1ea1n v\u1edbi tu\u1ed5i trung b\u00ecnh c\u1ee7a thi\u1ebft b\u1ecb khai th\u00e1c ch\u1ec9 4,2 n\u0103m, th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi trung b\u00ecnh ng\u00e0nh l\u00e0 7,5 n\u0103m. \u0110i\u1ec1u n\u00e0y gi\u00fap gi\u1ea3m chi ph\u00ed b\u1ea3o tr\u00ec v\u00e0 t\u0103ng hi\u1ec7u qu\u1ea3 khai th\u00e1c, mang l\u1ea1i l\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n T\u00edch K\u1ef9 Thu\u1eadt v\u00e0 Xu H\u01b0\u1edbng Gi\u00e1 c\u1ee7a C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Bi\u1ec3u \u0111\u1ed3 k\u1ef9 thu\u1eadt c\u1ee7a c\u1ed5 phi\u1ebfu MDC t\u1eeb th\u00e1ng 4\/2024 \u0111\u1ebfn th\u00e1ng 4\/2025 cho th\u1ea5y xu h\u01b0\u1edbng t\u0103ng m\u1ea1nh sau khi ph\u00e1 v\u1ee1 ng\u01b0\u1ee1ng kh\u00e1ng c\u1ef1 quan tr\u1ecdng t\u1ea1i 24.500 VND v\u00e0o ng\u00e0y 12 th\u00e1ng 11 n\u0103m 2024, v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch b\u1ea5t th\u01b0\u1eddng 1,2 tri\u1ec7u c\u1ed5 phi\u1ebfu, g\u1ea5p 3 l\u1ea7n trung b\u00ecnh 20 phi\u00ean. K\u1ec3 t\u1eeb \u0111\u00f3, MDC \u0111\u00e3 t\u0103ng 35%, v\u01b0\u1ee3t xa VN-Index (12%) v\u00e0 ch\u1ec9 s\u1ed1 ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng VNENE (18%).<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch c\u00e1c ch\u1ec9 s\u1ed1 k\u1ef9 thu\u1eadt ch\u00ednh cho th\u1ea5y:<\/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\u00e1c \u0111\u01b0\u1eddng MA20, MA50 v\u00e0 MA200 \u0111\u1ec1u h\u01b0\u1edbng l\u00ean v\u00e0 \u0111\u01b0\u1ee3c s\u1eafp x\u1ebfp theo th\u1ee9 t\u1ef1 MA20 &gt; MA50 &gt; MA200, x\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng m\u1ea1nh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>MACD \u0111\u00e3 duy tr\u00ec tr\u00ean \u0111\u01b0\u1eddng t\u00edn hi\u1ec7u t\u1eeb ng\u00e0y 20 th\u00e1ng 1 n\u0103m 2025, cho th\u1ea5y \u0111\u1ed9ng l\u1ef1c t\u0103ng duy tr\u00ec<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh trong 3 th\u00e1ng qua \u0111\u1ea1t 320.000 c\u1ed5 phi\u1ebfu\/phi\u00ean, t\u0103ng 45% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m 2024<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>RSI hi\u1ec7n t\u1ea1i \u1edf m\u1ee9c 65, ch\u01b0a v\u00e0o v\u00f9ng qu\u00e1 mua (&gt;70), cho th\u1ea5y c\u00f2n d\u01b0 \u0111\u1ecba t\u0103ng ti\u1ebfp<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nh\u00e0 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ee7a Pocket Option x\u00e1c \u0111\u1ecbnh 4 m\u1ee9c gi\u00e1 quan tr\u1ecdng c\u1ea7n theo d\u00f5i trong 3 th\u00e1ng t\u1edbi:<\/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>M\u1ee9c gi\u00e1<\/th>\n<th>Vai tr\u00f2<\/th>\n<th>Chi\u1ebfn l\u01b0\u1ee3c<\/th>\n<th>X\u00e1c su\u1ea5t ph\u1ea3n \u1ee9ng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>25.000 VND<\/td>\n<td>H\u1ed7 tr\u1ee3 m\u1ea1nh (MA50 + Fibonacci 38,2%)<\/td>\n<td>T\u00edch l\u0169y khi gi\u00e1 \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 v\u00f9ng n\u00e0y<\/td>\n<td>85%<\/td>\n<\/tr>\n<tr>\n<td>28.000 VND<\/td>\n<td>Kh\u00e1ng c\u1ef1 b\u1ecb ph\u00e1 v\u1ee1, nay l\u00e0 h\u1ed7 tr\u1ee3 t\u00e2m l\u00fd<\/td>\n<td>Gi\u1eef v\u1ecb th\u1ebf, th\u00eam khi ki\u1ec3m tra th\u00e0nh c\u00f4ng<\/td>\n<td>75%<\/td>\n<\/tr>\n<tr>\n<td>32.000 VND<\/td>\n<td>M\u1ee5c ti\u00eau ng\u1eafn h\u1ea1n (Fibonacci 127,2%)<\/td>\n<td>Ch\u1ed1t l\u1eddi 30-40%<\/td>\n<td>70%<\/td>\n<\/tr>\n<tr>\n<td>35.000 VND<\/td>\n<td>M\u1ee5c ti\u00eau trung h\u1ea1n (Fibonacci 161,8%)<\/td>\n<td>Ch\u1ed1t 70-80% v\u1ecb th\u1ebf, \u0111\u00e1nh gi\u00e1 l\u1ea1i<\/td>\n<td>55%<\/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\u00e1ng ch\u00fa \u00fd, c\u1ed5 phi\u1ebfu MDC cho th\u1ea5y m\u1ed1i t\u01b0\u01a1ng quan r\u00b2=0,78 v\u1edbi ch\u1ec9 s\u1ed1 gi\u00e1 than Newcastle trong 24 th\u00e1ng qua. V\u1edbi d\u1ef1 b\u00e1o gi\u00e1 than duy tr\u00ec trong kho\u1ea3ng 145-180 USD\/t\u1ea5n trong 6 th\u00e1ng t\u1edbi theo Bloomberg, \u0111\u00e2y l\u00e0 y\u1ebfu t\u1ed1 h\u1ed7 tr\u1ee3 t\u00edch c\u1ef1c cho xu h\u01b0\u1edbng gi\u00e1. Tuy nhi\u00ean, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n th\u1eadn tr\u1ecdng v\u1edbi k\u1ecbch b\u1ea3n gi\u00e1 than gi\u1ea3m m\u1ea1nh d\u01b0\u1edbi 120 USD\/t\u1ea5n, khi \u0111\u00f3 MDC c\u00f3 th\u1ec3 \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 v\u00f9ng 22.000-23.000 VND.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c Y\u1ebfu T\u1ed1 \u1ea2nh H\u01b0\u1edfng \u0110\u1ebfn Tri\u1ec3n V\u1ecdng C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tri\u1ec3n v\u1ecdng c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng ch\u1ecbu \u1ea3nh h\u01b0\u1edfng b\u1edfi nhi\u1ec1u y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 vi m\u00f4 trong b\u1ed1i c\u1ea3nh chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 c\u00e1c \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng v\u00e0 r\u1ee7i ro trong giai \u0111o\u1ea1n 2025-2027:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c \u0110\u1ed9ng L\u1ef1c T\u0103ng Tr\u01b0\u1edfng C\u1ee5 Th\u1ec3<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng h\u01b0\u1edfng l\u1ee3i t\u1eeb 5 y\u1ebfu t\u1ed1 t\u0103ng tr\u01b0\u1edfng r\u00f5 r\u00e0ng:<\/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'>Quy ho\u1ea1ch Ph\u00e1t tri\u1ec3n \u0110i\u1ec7n VIII (Quy\u1ebft \u0111\u1ecbnh s\u1ed1 500\/Q\u0110-TTg ng\u00e0y 15 th\u00e1ng 5 n\u0103m 2023) x\u00e1c \u0111\u1ecbnh than v\u1eabn chi\u1ebfm 30,9% c\u01a1 c\u1ea5u c\u00f4ng su\u1ea5t \u0111i\u1ec7n qu\u1ed1c gia \u0111\u1ebfn n\u0103m 2030, v\u1edbi nhu c\u1ea7u than t\u0103ng t\u1eeb 54 tri\u1ec7u t\u1ea5n (2024) l\u00ean 83 tri\u1ec7u t\u1ea5n (2030)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u1ef1 \u00e1n m\u1edf r\u1ed9ng m\u1ecf Khe Ch\u00e0m IV v\u1edbi v\u1ed1n \u0111\u1ea7u t\u01b0 520 t\u1ef7 VND s\u1ebd ho\u00e0n th\u00e0nh v\u00e0o Q3\/2025, t\u0103ng c\u00f4ng su\u1ea5t th\u00eam 500.000 t\u1ea5n\/n\u0103m (+20%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u1ee8ng d\u1ee5ng h\u1ec7 th\u1ed1ng b\u0103ng t\u1ea3i nghi\u00eang v\u00e0 tr\u1ea1m s\u00e0ng than t\u1ef1 \u0111\u1ed9ng v\u1edbi c\u00f4ng ngh\u1ec7 t\u1eeb TAKRAF (\u0110\u1ee9c) gi\u00fap gi\u1ea3m chi ph\u00ed s\u1ea3n xu\u1ea5t 8-10% t\u1eeb n\u0103m 2026<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>H\u1ee3p \u0111\u1ed3ng xu\u1ea5t kh\u1ea9u 300.000 t\u1ea5n than\/n\u0103m sang Philippines (NPC) v\u00e0 Malaysia (TNB) v\u1edbi gi\u00e1 cao h\u01a1n 12-15% so v\u1edbi th\u1ecb tr\u01b0\u1eddng n\u1ed9i \u0111\u1ecba, b\u1eaft \u0111\u1ea7u t\u1eeb Q2\/2025<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t v\u1edbi t\u1ef7 l\u1ec7 chi tr\u1ea3 70-75% l\u1ee3i nhu\u1eadn r\u00f2ng, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 2.000-2.200 VND\/c\u1ed5 phi\u1ebfu trong n\u0103m 2025<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Theo ph\u00e2n t\u00edch c\u1ee7a Pocket Option, c\u00e1c y\u1ebfu t\u1ed1 n\u00e0y c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn 14-16% h\u00e0ng n\u0103m trong giai \u0111o\u1ea1n 2025-2027, cao h\u01a1n d\u1ef1 b\u00e1o tr\u01b0\u1edbc \u0111\u00f3 (12-15%) nh\u1edd gi\u00e1 b\u00e1n than trong n\u01b0\u1edbc \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh t\u0103ng 5% t\u1eeb th\u00e1ng 7\/2025 theo Quy\u1ebft \u0111\u1ecbnh 28\/Q\u0110-TKV c\u1ee7a T\u1eadp \u0111o\u00e0n C\u00f4ng nghi\u1ec7p Than &#8211; Kho\u00e1ng s\u1ea3n Vi\u1ec7t Nam.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Y\u1ebfu t\u1ed1<\/th>\n<th>T\u00e1c \u0111\u1ed9ng<\/th>\n<th>Khung th\u1eddi gian<\/th>\n<th>M\u1ee9c \u0111\u1ed9 \u1ea3nh h\u01b0\u1edfng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>M\u1edf r\u1ed9ng m\u1ecf Khe Ch\u00e0m IV<\/td>\n<td>T\u0103ng doanh thu 18-20%<\/td>\n<td>Q4\/2025-2026<\/td>\n<td>R\u1ea5t cao<\/td>\n<\/tr>\n<tr>\n<td>C\u00f4ng ngh\u1ec7 khai th\u00e1c m\u1edbi<\/td>\n<td>T\u0103ng bi\u00ean l\u1ee3i nhu\u1eadn 2,5-3%<\/td>\n<td>2026-2027<\/td>\n<td>Cao<\/td>\n<\/tr>\n<tr>\n<td>Xu\u1ea5t kh\u1ea9u sang Philippines v\u00e0 Malaysia<\/td>\n<td>T\u0103ng doanh thu 10-12%, c\u1ea3i thi\u1ec7n bi\u00ean l\u1ee3i nhu\u1eadn 1,5-2%<\/td>\n<td>Q2\/2025-2028<\/td>\n<td>Cao<\/td>\n<\/tr>\n<tr>\n<td>\u0110i\u1ec1u ch\u1ec9nh gi\u00e1 b\u00e1n than trong n\u01b0\u1edbc<\/td>\n<td>T\u0103ng doanh thu 5%, bi\u00ean l\u1ee3i nhu\u1eadn t\u0103ng 1,2%<\/td>\n<td>T\u1eeb Q3\/2025<\/td>\n<td>Trung b\u00ecnh<\/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'>Ngo\u00e0i ra, vi\u1ec7c c\u1ed5 phi\u1ebfu MDC \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o ch\u1ec9 s\u1ed1 VNSmallcap c\u1ee7a HOSE t\u1eeb ng\u00e0y 22 th\u00e1ng 7 n\u0103m 2024 \u0111\u00e3 thu h\u00fat v\u1ed1n t\u1eeb c\u00e1c qu\u1ef9 ETF nh\u01b0 VFMVN Smallcap, SSIAM VNSmallcap v\u1edbi gi\u00e1 tr\u1ecb mua r\u00f2ng 42 t\u1ef7 VND trong Q3\/2024, g\u00f3p ph\u1ea7n n\u00e2ng thanh kho\u1ea3n trung b\u00ecnh l\u00ean 320.000 c\u1ed5 phi\u1ebfu\/phi\u00ean.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>R\u1ee7i Ro \u0110\u1ea7u T\u01b0 v\u00e0 Bi\u1ec7n Ph\u00e1p Ph\u00f2ng Ng\u1eeba Khi \u0110\u1ea7u T\u01b0 v\u00e0o C\u1ed5 Phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u00f9 c\u00f3 tri\u1ec3n v\u1ecdng t\u00edch c\u1ef1c, c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng \u0111\u1ed1i m\u1eb7t v\u1edbi 5 nh\u00f3m r\u1ee7i ro ch\u00ednh m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u00e1nh gi\u00e1 k\u1ef9 l\u01b0\u1ee1ng tr\u01b0\u1edbc khi ra quy\u1ebft \u0111\u1ecbnh:<\/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'>R\u1ee7i ro ch\u00ednh s\u00e1ch: L\u1ed9 tr\u00ecnh Net Zero c\u1ee7a Vi\u1ec7t Nam c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn c\u00e1c quy \u0111\u1ecbnh nghi\u00eam ng\u1eb7t h\u01a1n nh\u01b0 thu\u1ebf carbon (d\u1ef1 ki\u1ebfn \u00e1p d\u1ee5ng t\u1eeb n\u0103m 2027 theo Lu\u1eadt B\u1ea3o v\u1ec7 M\u00f4i tr\u01b0\u1eddng s\u1eeda \u0111\u1ed5i)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro th\u1ecb tr\u01b0\u1eddng: Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 than th\u1ebf gi\u1edbi v\u1edbi bi\u00ean \u0111\u1ed9 l\u1edbn (35-40% trong n\u0103m 2024) \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn d\u00f9 c\u00f3 \u0111\u1ed9 tr\u1ec5 2-3 th\u00e1ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro m\u00f4i tr\u01b0\u1eddng: Chi ph\u00ed x\u1eed l\u00fd m\u00f4i tr\u01b0\u1eddng t\u0103ng 25% trong n\u0103m 2024, d\u1ef1 ki\u1ebfn t\u0103ng th\u00eam 15-20% trong n\u0103m 2025 theo Th\u00f4ng t\u01b0 02\/2024\/TT-BTNMT<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro c\u1ea1nh tranh: \u00c1p l\u1ef1c t\u1eeb LNG v\u00e0 n\u0103ng l\u01b0\u1ee3ng t\u00e1i t\u1ea1o khi chi ph\u00ed \u0111i\u1ec7n m\u1eb7t tr\u1eddi \u0111\u00e3 gi\u1ea3m 35% trong 5 n\u0103m qua, th\u1ea5p h\u01a1n chi ph\u00ed \u0111i\u1ec7n than m\u1edbi<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>R\u1ee7i ro thanh kho\u1ea3n: Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch trung b\u00ecnh 320.000 c\u1ed5 phi\u1ebfu\/phi\u00ean v\u1eabn th\u1ea5p h\u01a1n nhi\u1ec1u so v\u1edbi 1-2 tri\u1ec7u c\u1ed5 phi\u1ebfu c\u1ee7a blue-chips<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 qu\u1ea3n l\u00fd hi\u1ec7u qu\u1ea3 c\u00e1c r\u1ee7i ro n\u00e0y, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba sau:<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>R\u1ee7i ro<\/th>\n<th>Ph\u01b0\u01a1ng ph\u00e1p ph\u00f2ng ng\u1eeba<\/th>\n<th>Hi\u1ec7u qu\u1ea3<\/th>\n<th>Th\u1eddi \u0111i\u1ec3m<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 than<\/td>\n<td>Ph\u00e2n b\u1ed5 t\u1ed1i \u0111a 5% danh m\u1ee5c, chia l\u1ec7nh mua th\u00e0nh 3-4 \u0111\u1ee3t<\/td>\n<td>Cao<\/td>\n<td>Tr\u01b0\u1edbc khi mua<\/td>\n<\/tr>\n<tr>\n<td>Ch\u00ednh s\u00e1ch m\u00f4i tr\u01b0\u1eddng<\/td>\n<td>Theo d\u00f5i s\u00e1t th\u00f4ng tin t\u1eeb B\u1ed9 T\u00e0i nguy\u00ean v\u00e0 M\u00f4i tr\u01b0\u1eddng, B\u1ed9 C\u00f4ng Th\u01b0\u01a1ng; \u0111\u1eb7t stop-loss t\u1ea1i -15%<\/td>\n<td>Trung b\u00ecnh<\/td>\n<td>Li\u00ean t\u1ee5c<\/td>\n<\/tr>\n<tr>\n<td>Thanh kho\u1ea3n th\u1ea5p<\/td>\n<td>S\u1eed d\u1ee5ng l\u1ec7nh gi\u1edbi h\u1ea1n, ch\u00eanh l\u1ec7ch t\u1ed1i \u0111a 0,3% so v\u1edbi gi\u00e1 th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>Cao<\/td>\n<td>Khi giao d\u1ecbch<\/td>\n<\/tr>\n<tr>\n<td>Bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>S\u1eed d\u1ee5ng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai VN30 ho\u1eb7c ch\u1ee9ng quy\u1ec1n \u0111\u1ec3 ph\u00f2ng ng\u1eeba khi VN-Index c\u00f3 d\u1ea5u hi\u1ec7u \u0111\u1ea3o chi\u1ec1u<\/td>\n<td>Cao<\/td>\n<td>Khi th\u1ecb tr\u01b0\u1eddng c\u00f3 d\u1ea5u hi\u1ec7u qu\u00e1 mua<\/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'>Pocket Option cung c\u1ea5p b\u1ed9 c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch &#8220;Coal Watch&#8221; v\u1edbi 15 ch\u1ec9 s\u1ed1 th\u1eddi gian th\u1ef1c v\u1ec1 gi\u00e1 than th\u1ebf gi\u1edbi, s\u1ea3n l\u01b0\u1ee3ng \u0111i\u1ec7n than v\u00e0 ch\u1ec9 s\u1ed1 m\u00f4i tr\u01b0\u1eddng, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 li\u00ean t\u1ee5c theo d\u00f5i c\u00e1c y\u1ebfu t\u1ed1 r\u1ee7i ro v\u00e0 ph\u1ea3n \u1ee9ng k\u1ecbp th\u1eddi. \u0110\u1eb7c bi\u1ec7t, c\u00f3 c\u1ea3nh b\u00e1o khi gi\u00e1 than gi\u1ea3m d\u01b0\u1edbi ng\u01b0\u1ee1ng 125 USD\/t\u1ea5n &#8211; \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh l\u00e0 \u0111i\u1ec3m ph\u00e1 v\u1ee1 bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a MDC.<\/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 \u0110\u1ea7u T\u01b0 Hi\u1ec7u Qu\u1ea3 cho C\u1ed5 Phi\u1ebfu MDC<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1ef1a tr\u00ean ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u00e0 k\u1ef9 thu\u1eadt to\u00e0n di\u1ec7n, ch\u00fang t\u00f4i \u0111\u1ec1 xu\u1ea5t 3 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3 cho t\u1eebng nh\u00f3m nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam khi ti\u1ebfp c\u1eadn c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng trong n\u0103m 2025.<\/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 Theo Khung Th\u1eddi Gian \u0110\u1ea7u T\u01b0<\/h3>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Khung th\u1eddi gian<\/th>\n<th>Chi\u1ebfn l\u01b0\u1ee3c<\/th>\n<th>\u0110i\u1ec3m mua l\u00fd t\u01b0\u1edfng<\/th>\n<th>M\u1ee5c ti\u00eau gi\u00e1<\/th>\n<th>Stop-loss<\/th>\n<th>L\u1ee3i nhu\u1eadn k\u1ef3 v\u1ecdng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ng\u1eafn h\u1ea1n (1-3 th\u00e1ng)<\/td>\n<td>Giao d\u1ecbch theo k\u00eanh xu h\u01b0\u1edbng t\u0103ng, mua t\u1ea1i \u0111\u01b0\u1eddng MA20 ho\u1eb7c Fibonacci 38,2%<\/td>\n<td>25.500-26.500 VND<\/td>\n<td>32.000 VND<\/td>\n<td>24.500 VND (-7,5%)<\/td>\n<td>20-25%<\/td>\n<\/tr>\n<tr>\n<td>Trung h\u1ea1n (6-12 th\u00e1ng)<\/td>\n<td>DCA &#8211; chia v\u1ed1n th\u00e0nh 4 ph\u1ea7n, mua m\u1ed7i khi gi\u00e1 \u0111i\u1ec1u ch\u1ec9nh 5%+ t\u1eeb \u0111\u1ec9nh<\/td>\n<td>Gi\u00e1 trung b\u00ecnh 26.500-27.500 VND<\/td>\n<td>35.000 VND<\/td>\n<td>23.500 VND (-14%)<\/td>\n<td>27-32% (bao g\u1ed3m 7% c\u1ed5 t\u1ee9c)<\/td>\n<\/tr>\n<tr>\n<td>D\u00e0i h\u1ea1n (1-3 n\u0103m)<\/td>\n<td>\u0110\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb, t\u00edch l\u0169y khi P\/E &lt; 9, t\u1eadn d\u1ee5ng c\u1ed5 t\u1ee9c v\u00e0 t\u0103ng v\u1ed1n<\/td>\n<td>22.000-28.000 VND<\/td>\n<td>40.000 VND<\/td>\n<td>20.000 VND (-25%)<\/td>\n<td>50-65% (bao g\u1ed3m 20-24% c\u1ed5 t\u1ee9c)<\/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\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n, h\u1ec7 th\u1ed1ng ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt c\u1ee7a Pocket Option x\u00e1c \u0111\u1ecbnh 4 ch\u1ec9 s\u1ed1 quan tr\u1ecdng nh\u1ea5t cho c\u1ed5 phi\u1ebfu MDC: (1) RSI v\u1edbi ng\u01b0\u1ee1ng mua t\u1ea1i 30-35 v\u00e0 b\u00e1n t\u1ea1i 75-80, (2) D\u1ea3i Bollinger v\u1edbi chi\u1ebfn l\u01b0\u1ee3c mua khi gi\u00e1 ch\u1ea1m d\u1ea3i d\u01b0\u1edbi v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng gi\u1ea3m, (3) MACD v\u1edbi t\u00edn hi\u1ec7u mua khi c\u1eaft l\u00ean tr\u00ean \u0111\u01b0\u1eddng t\u00edn hi\u1ec7u t\u1eeb v\u00f9ng \u00e2m, v\u00e0 (4) M\u00e2y Ichimoku v\u1edbi \u0111i\u1ec3m mua khi gi\u00e1 ph\u00e1 v\u1ee1 l\u00ean tr\u00ean m\u00e2y v\u00e0 Chikou Span c\u1eaft l\u00ean tr\u00ean gi\u00e1.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Nh\u00e0 \u0111\u1ea7u t\u01b0 trung v\u00e0 d\u00e0i h\u1ea1n n\u00ean t\u1eadp trung v\u00e0o 5 y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n: (1) T\u0103ng tr\u01b0\u1edfng EPS d\u1ef1 ki\u1ebfn 15% trong 2025-2026, (2) Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c \u1ed5n \u0111\u1ecbnh 2.000-2.200 VND\/c\u1ed5 phi\u1ebfu, (3) ROE &gt; 18%, (4) T\u1ef7 l\u1ec7 n\u1ee3 D\/E &lt; 0,8, v\u00e0 (5) D\u00f2ng ti\u1ec1n t\u1ef1 do (FCF) d\u01b0\u01a1ng v\u00e0 t\u0103ng tr\u01b0\u1edfng. Ph\u01b0\u01a1ng ph\u00e1p DCA v\u1edbi ph\u00e2n b\u1ed5 v\u1ed1n \u0111\u1ec1u v\u00e0o MDC m\u1ed7i th\u00e1ng ho\u1eb7c qu\u00fd s\u1ebd gi\u00fap gi\u1ea3m thi\u1ec3u r\u1ee7i ro th\u1eddi \u0111i\u1ec3m v\u00e0 t\u1ed1i \u01b0u h\u00f3a gi\u00e1 mua trung b\u00ecnh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Theo khuy\u1ebfn ngh\u1ecb c\u1ee7a Pocket Option, trong m\u1ed9t danh m\u1ee5c \u0111a d\u1ea1ng g\u1ed3m 15-20 c\u1ed5 phi\u1ebfu, MDC n\u00ean chi\u1ebfm 3-5%, k\u1ebft h\u1ee3p v\u1edbi c\u1ed5 phi\u1ebfu trong c\u00e1c ng\u00e0nh \u0111i\u1ec7n, d\u1ea7u kh\u00ed, v\u00e0 v\u1eadt li\u1ec7u x\u00e2y d\u1ef1ng \u0111\u1ec3 t\u1ea1o hi\u1ec7u \u1ee9ng \u0111a d\u1ea1ng h\u00f3a r\u1ee7i ro t\u1ed1i \u01b0u (h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan trung b\u00ecnh trong nh\u00f3m n\u0103ng l\u01b0\u1ee3ng ch\u1ec9 l\u00e0 0,65).<\/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\u00e0 Tri\u1ec3n V\u1ecdng T\u01b0\u01a1ng Lai<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng th\u1ec3 hi\u1ec7n c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb hi\u1ebfm c\u00f3 trong ng\u00e0nh n\u0103ng l\u01b0\u1ee3ng Vi\u1ec7t Nam n\u0103m 2025. V\u1edbi P\/E th\u1ea5p (8,5), l\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c cao (7,2%), v\u00e0 t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh (14-16%\/n\u0103m), MDC cung c\u1ea5p c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 t\u1ed1t trong b\u1ed1i c\u1ea3nh VN-Index giao d\u1ecbch \u1edf P\/E cao (16,8) v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 10 n\u0103m gi\u1ea3m xu\u1ed1ng 3,85%.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>T\u00f3m t\u1eaft 5 \u0111i\u1ec3m m\u1ea1nh ch\u00ednh c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng:<\/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'>\u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn v\u1edbi P\/E 8,5, th\u1ea5p h\u01a1n 31% so v\u1edbi trung b\u00ecnh ng\u00e0nh v\u00e0 49% so v\u1edbi VN-Index<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c 7,2%, cao g\u1ea5p 2,3 l\u1ea7n so v\u1edbi trung b\u00ecnh VN-Index (3,1%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ebf ho\u1ea1ch m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t 20% v\u00e0o Q4\/2025 v\u1edbi d\u1ef1 \u00e1n Khe Ch\u00e0m IV<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00f2ng ti\u1ec1n kinh doanh m\u1ea1nh v\u1edbi FCF 185 t\u1ef7 VND trong n\u0103m 2024, d\u1ef1 ki\u1ebfn t\u0103ng 22% trong n\u0103m 2025<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Xu h\u01b0\u1edbng k\u1ef9 thu\u1eadt t\u00edch c\u1ef1c v\u1edbi m\u1ee5c ti\u00eau gi\u00e1 32.000-35.000 VND (+15-25%)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>L\u01b0u \u00fd: Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n nh\u1eadn th\u1ee9c r\u00f5 r\u1ee7i ro d\u00e0i h\u1ea1n t\u1eeb xu h\u01b0\u1edbng chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng xanh. Theo Quy ho\u1ea1ch Ph\u00e1t tri\u1ec3n \u0110i\u1ec7n VIII, t\u1ef7 tr\u1ecdng \u0111i\u1ec7n than trong c\u01a1 c\u1ea5u ngu\u1ed3n \u0111i\u1ec7n Vi\u1ec7t Nam s\u1ebd gi\u1ea3m t\u1eeb 31% (2030) xu\u1ed1ng 20% (2040) v\u00e0 d\u01b0\u1edbi 10% v\u00e0o n\u0103m 2050. Do \u0111\u00f3, chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 cho MDC n\u00ean c\u00f3 khung th\u1eddi gian r\u00f5 r\u00e0ng, t\u1ed1i \u0111a 3-5 n\u0103m.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option \u0111\u00e1nh gi\u00e1 \u0111\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m thu\u1eadn l\u1ee3i \u0111\u1ec3 xem x\u00e9t \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu MDC, \u0111\u1eb7c bi\u1ec7t v\u1edbi chi\u1ebfn l\u01b0\u1ee3c trung h\u1ea1n t\u1eadn d\u1ee5ng chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng c\u1ee7a ng\u00e0nh than Vi\u1ec7t Nam \u0111\u1ebfn n\u0103m 2030. M\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1 DCF v\u1edbi WACC 12,5% v\u00e0 t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n 2% cho th\u1ea5y gi\u00e1 tr\u1ecb h\u1ee3p l\u00fd c\u1ee7a MDC l\u00e0 34.500 VND, cao h\u01a1n 23% so v\u1edbi gi\u00e1 hi\u1ec7n t\u1ea1i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>B\u1eb1ng c\u00e1ch \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n h\u00f3a theo kh\u1ea9u v\u1ecb r\u1ee7i ro v\u00e0 m\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn, k\u1ebft h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd danh m\u1ee5c hi\u1ec7n \u0111\u1ea1i t\u1eeb Pocket Option, nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam c\u00f3 th\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn t\u1eeb c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng trong giai \u0111o\u1ea1n th\u1ecb tr\u01b0\u1eddng 2025-2027.<\/p>\n<\/div>\n"},"faq":[{"question":"C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng c\u00f3 ph\u00f9 h\u1ee3p \u0111\u1ec3 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n kh\u00f4ng?","answer":"C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng ph\u00f9 h\u1ee3p cho \u0111\u1ea7u t\u01b0 trung h\u1ea1n (1-3 n\u0103m) v\u1edbi m\u1ee5c ti\u00eau t\u1eadn d\u1ee5ng chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng c\u1ee7a ng\u00e0nh than \u0111\u1ebfn n\u0103m 2030 theo Quy ho\u1ea1ch \u0110i\u1ec7n VIII. Tuy nhi\u00ean, \u0111\u1ed1i v\u1edbi chi\u1ebfn l\u01b0\u1ee3c si\u00eau d\u00e0i h\u1ea1n (tr\u00ean 5 n\u0103m), nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean th\u1eadn tr\u1ecdng v\u00ec Vi\u1ec7t Nam \u0111\u00e3 cam k\u1ebft gi\u1ea3m ph\u00e1t th\u1ea3i carbon t\u1ea1i COP26, v\u1edbi l\u1ed9 tr\u00ecnh gi\u1ea3m t\u1ef7 tr\u1ecdng \u0111i\u1ec7n than t\u1eeb 31% (2030) xu\u1ed1ng 20% (2040). Pocket Option khuy\u1ebfn ngh\u1ecb \u0111\u1ea7u t\u01b0 v\u1edbi th\u1eddi h\u1ea1n x\u00e1c \u0111\u1ecbnh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c tho\u00e1t linh ho\u1ea1t, \u0111\u1eb7c bi\u1ec7t sau khi thu\u1ebf carbon c\u00f3 hi\u1ec7u l\u1ef1c v\u00e0o n\u0103m 2027."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 m\u1ed9t m\u1ee9c gi\u00e1 h\u1ee3p l\u00fd \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu MDC?","answer":"\u0110\u1ec3 x\u00e1c \u0111\u1ecbnh \u0111i\u1ec3m mua t\u1ed1i \u01b0u cho c\u1ed5 phi\u1ebfu MDC, k\u1ebft h\u1ee3p 3 ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1: (1) P\/E h\u1ee3p l\u00fd t\u1eeb 9-10x v\u1edbi EPS d\u1ef1 ki\u1ebfn l\u00e0 3,350 \u0111\u1ed3ng v\u00e0o n\u0103m 2025, cho ra m\u1ee9c gi\u00e1 t\u1eeb 30,150-33,500 \u0111\u1ed3ng; (2) V\u1ec1 m\u1eb7t k\u1ef9 thu\u1eadt, v\u00f9ng h\u1ed7 tr\u1ee3 m\u1ea1nh t\u1eeb 25,000-26,000 \u0111\u1ed3ng (h\u1ed9i t\u1ee5 c\u1ee7a MA50 v\u00e0 Fibonacci 38.2%) l\u00e0 \u0111i\u1ec3m t\u00edch l\u0169y l\u00fd t\u01b0\u1edfng; (3) M\u00f4 h\u00ecnh DCF v\u1edbi WACC l\u00e0 12.5% cho gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i l\u00e0 34,500 \u0111\u1ed3ng. \u00c1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 v\u1ed1n 4 l\u1ea7n \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a gi\u00e1 mua trung b\u00ecnh, \u0111\u1eb7c bi\u1ec7t trong c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng."},{"question":"T\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng c\u00f3 \u1ed5n \u0111\u1ecbnh kh\u00f4ng?","answer":"Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c c\u1ee7a Mong Duong Coal \u0111\u00e3 \u0111\u01b0\u1ee3c duy tr\u00ec nh\u1ea5t qu\u00e1n trong 3 n\u0103m li\u00ean ti\u1ebfp v\u1edbi t\u1ef7 l\u1ec7 chi tr\u1ea3 70-75% l\u1ee3i nhu\u1eadn sau thu\u1ebf. C\u1ee5 th\u1ec3, c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t n\u0103m 2022 l\u00e0 1.400 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu, n\u0103m 2023 l\u00e0 1.700 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu, v\u00e0 n\u0103m 2024 l\u00e0 2.000 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu. Theo Ngh\u1ecb quy\u1ebft \u0110H\u0110C\u0110 ng\u00e0y 15 th\u00e1ng 3 n\u0103m 2025, c\u00f4ng ty d\u1ef1 ki\u1ebfn duy tr\u00ec m\u1ee9c chi tr\u1ea3 2.000-2.200 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu cho n\u0103m 2025 (l\u1ee3i su\u1ea5t 7,1-7,9% t\u1ea1i gi\u00e1 hi\u1ec7n t\u1ea1i). V\u1edbi t\u1ef7 l\u1ec7 n\u1ee3 th\u1ea5p (D\/E=0,75) v\u00e0 d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0\u01a1ng (FCF 185 t\u1ef7 \u0111\u1ed3ng n\u0103m 2024), kh\u1ea3 n\u0103ng duy tr\u00ec ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c h\u1ea5p d\u1eabn n\u00e0y trong 2-3 n\u0103m t\u1edbi l\u00e0 r\u1ea5t cao."},{"question":"R\u1ee7i ro l\u1edbn nh\u1ea5t khi \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu MDC l\u00e0 g\u00ec?","answer":"Nh\u1eefng r\u1ee7i ro l\u1edbn nh\u1ea5t \u0111\u1ed1i v\u1edbi MDC \u0111\u1ebfn t\u1eeb hai y\u1ebfu t\u1ed1 ch\u00ednh: (1) Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 than to\u00e0n c\u1ea7u - trong 2 n\u0103m qua, gi\u00e1 than Newcastle \u0111\u00e3 dao \u0111\u1ed9ng trong kho\u1ea3ng 35-40%, \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a c\u00f4ng ty; (2) Ch\u00ednh s\u00e1ch m\u00f4i tr\u01b0\u1eddng - Lu\u1eadt B\u1ea3o v\u1ec7 M\u00f4i tr\u01b0\u1eddng s\u1eeda \u0111\u1ed5i d\u1ef1 ki\u1ebfn \u00e1p d\u1ee5ng thu\u1ebf carbon t\u1eeb n\u0103m 2027 c\u00f3 th\u1ec3 l\u00e0m t\u0103ng chi ph\u00ed s\u1ea3n xu\u1ea5t t\u1eeb 8-12%. C\u00e1c r\u1ee7i ro th\u1ee9 c\u1ea5p kh\u00e1c bao g\u1ed3m c\u1ea1nh tranh t\u1eeb LNG v\u00e0 n\u0103ng l\u01b0\u1ee3ng t\u00e1i t\u1ea1o (chi ph\u00ed \u0111i\u1ec7n m\u1eb7t tr\u1eddi \u0111\u00e3 gi\u1ea3m 35% trong 5 n\u0103m), v\u00e0 r\u1ee7i ro thanh kho\u1ea3n th\u1ea5p (320,000 c\u1ed5 phi\u1ebfu\/phi\u00ean). C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n theo d\u00f5i ch\u1eb7t ch\u1ebd di\u1ec5n bi\u1ebfn gi\u00e1 than qu\u1ed1c t\u1ebf v\u00e0 th\u00f4ng tin t\u1eeb B\u1ed9 T\u00e0i nguy\u00ean v\u00e0 M\u00f4i tr\u01b0\u1eddng li\u00ean quan \u0111\u1ebfn quy \u0111\u1ecbnh v\u1ec1 ph\u00e1t th\u1ea3i."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 gi\u00e1m s\u00e1t v\u00e0 ph\u00e2n t\u00edch hi\u1ec7u qu\u1ea3 c\u1ed5 phi\u1ebfu MDC?","answer":"\u0110\u1ec3 theo d\u00f5i hi\u1ec7u qu\u1ea3 c\u1ed5 phi\u1ebfu MDC, \u00e1p d\u1ee5ng khung ph\u00e2n t\u00edch \"TEAM\" (K\u1ef9 thu\u1eadt, S\u1ef1 ki\u1ec7n, Ph\u00e2n t\u00edch, V\u0129 m\u00f4): (1) K\u1ef9 thu\u1eadt - theo d\u00f5i c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3\/kh\u00e1ng c\u1ef1 quan tr\u1ecdng (25,000, 28,000, 32,000, 35,000 \u0111\u1ed3ng) v\u00e0 c\u00e1c ch\u1ec9 b\u00e1o nh\u01b0 RSI, MACD, Bollinger Bands; (2) S\u1ef1 ki\u1ec7n - ch\u00fa \u00fd \u0111\u1ebfn l\u1ecbch h\u1ecdp \u0110HC\u0110 (th\u00e1ng 3), b\u00e1o c\u00e1o qu\u00fd (th\u00e1ng 4, 7, 10, 1), v\u00e0 th\u00f4ng b\u00e1o c\u1ed5 t\u1ee9c; (3) Ph\u00e2n t\u00edch - theo d\u00f5i b\u00e1o c\u00e1o t\u1eeb c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n l\u1edbn nh\u01b0 SSI, VCSC, HSC v\u1ec1 MDC, v\u00e0 ch\u1ec9 s\u1ed1 TCV-Coal; (4) V\u0129 m\u00f4 - theo d\u00f5i gi\u00e1 than Newcastle, ch\u00ednh s\u00e1ch n\u0103ng l\u01b0\u1ee3ng, v\u00e0 s\u1ea3n l\u01b0\u1ee3ng \u0111i\u1ec7n than h\u00e0ng th\u00e1ng. Pocket Option cung c\u1ea5p b\u1ed9 c\u00f4ng c\u1ee5 \"Coal Watch\" v\u1edbi 15 ch\u1ec9 b\u00e1o th\u1eddi gian th\u1ef1c, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 nhanh ch\u00f3ng n\u1eafm b\u1eaft th\u00f4ng tin v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh k\u1ecbp th\u1eddi."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng c\u00f3 ph\u00f9 h\u1ee3p \u0111\u1ec3 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n kh\u00f4ng?","answer":"C\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng ph\u00f9 h\u1ee3p cho \u0111\u1ea7u t\u01b0 trung h\u1ea1n (1-3 n\u0103m) v\u1edbi m\u1ee5c ti\u00eau t\u1eadn d\u1ee5ng chu k\u1ef3 t\u0103ng tr\u01b0\u1edfng c\u1ee7a ng\u00e0nh than \u0111\u1ebfn n\u0103m 2030 theo Quy ho\u1ea1ch \u0110i\u1ec7n VIII. Tuy nhi\u00ean, \u0111\u1ed1i v\u1edbi chi\u1ebfn l\u01b0\u1ee3c si\u00eau d\u00e0i h\u1ea1n (tr\u00ean 5 n\u0103m), nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean th\u1eadn tr\u1ecdng v\u00ec Vi\u1ec7t Nam \u0111\u00e3 cam k\u1ebft gi\u1ea3m ph\u00e1t th\u1ea3i carbon t\u1ea1i COP26, v\u1edbi l\u1ed9 tr\u00ecnh gi\u1ea3m t\u1ef7 tr\u1ecdng \u0111i\u1ec7n than t\u1eeb 31% (2030) xu\u1ed1ng 20% (2040). Pocket Option khuy\u1ebfn ngh\u1ecb \u0111\u1ea7u t\u01b0 v\u1edbi th\u1eddi h\u1ea1n x\u00e1c \u0111\u1ecbnh v\u00e0 chi\u1ebfn l\u01b0\u1ee3c tho\u00e1t linh ho\u1ea1t, \u0111\u1eb7c bi\u1ec7t sau khi thu\u1ebf carbon c\u00f3 hi\u1ec7u l\u1ef1c v\u00e0o n\u0103m 2027."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 m\u1ed9t m\u1ee9c gi\u00e1 h\u1ee3p l\u00fd \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu MDC?","answer":"\u0110\u1ec3 x\u00e1c \u0111\u1ecbnh \u0111i\u1ec3m mua t\u1ed1i \u01b0u cho c\u1ed5 phi\u1ebfu MDC, k\u1ebft h\u1ee3p 3 ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh gi\u00e1: (1) P\/E h\u1ee3p l\u00fd t\u1eeb 9-10x v\u1edbi EPS d\u1ef1 ki\u1ebfn l\u00e0 3,350 \u0111\u1ed3ng v\u00e0o n\u0103m 2025, cho ra m\u1ee9c gi\u00e1 t\u1eeb 30,150-33,500 \u0111\u1ed3ng; (2) V\u1ec1 m\u1eb7t k\u1ef9 thu\u1eadt, v\u00f9ng h\u1ed7 tr\u1ee3 m\u1ea1nh t\u1eeb 25,000-26,000 \u0111\u1ed3ng (h\u1ed9i t\u1ee5 c\u1ee7a MA50 v\u00e0 Fibonacci 38.2%) l\u00e0 \u0111i\u1ec3m t\u00edch l\u0169y l\u00fd t\u01b0\u1edfng; (3) M\u00f4 h\u00ecnh DCF v\u1edbi WACC l\u00e0 12.5% cho gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i l\u00e0 34,500 \u0111\u1ed3ng. \u00c1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 v\u1ed1n 4 l\u1ea7n \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a gi\u00e1 mua trung b\u00ecnh, \u0111\u1eb7c bi\u1ec7t trong c\u00e1c \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng."},{"question":"T\u1ef7 l\u1ec7 c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu than M\u00f4ng D\u01b0\u01a1ng c\u00f3 \u1ed5n \u0111\u1ecbnh kh\u00f4ng?","answer":"Ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c c\u1ee7a Mong Duong Coal \u0111\u00e3 \u0111\u01b0\u1ee3c duy tr\u00ec nh\u1ea5t qu\u00e1n trong 3 n\u0103m li\u00ean ti\u1ebfp v\u1edbi t\u1ef7 l\u1ec7 chi tr\u1ea3 70-75% l\u1ee3i nhu\u1eadn sau thu\u1ebf. C\u1ee5 th\u1ec3, c\u1ed5 t\u1ee9c ti\u1ec1n m\u1eb7t n\u0103m 2022 l\u00e0 1.400 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu, n\u0103m 2023 l\u00e0 1.700 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu, v\u00e0 n\u0103m 2024 l\u00e0 2.000 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu. Theo Ngh\u1ecb quy\u1ebft \u0110H\u0110C\u0110 ng\u00e0y 15 th\u00e1ng 3 n\u0103m 2025, c\u00f4ng ty d\u1ef1 ki\u1ebfn duy tr\u00ec m\u1ee9c chi tr\u1ea3 2.000-2.200 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu cho n\u0103m 2025 (l\u1ee3i su\u1ea5t 7,1-7,9% t\u1ea1i gi\u00e1 hi\u1ec7n t\u1ea1i). V\u1edbi t\u1ef7 l\u1ec7 n\u1ee3 th\u1ea5p (D\/E=0,75) v\u00e0 d\u00f2ng ti\u1ec1n t\u1ef1 do d\u01b0\u01a1ng (FCF 185 t\u1ef7 \u0111\u1ed3ng n\u0103m 2024), kh\u1ea3 n\u0103ng duy tr\u00ec ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c h\u1ea5p d\u1eabn n\u00e0y trong 2-3 n\u0103m t\u1edbi l\u00e0 r\u1ea5t cao."},{"question":"R\u1ee7i ro l\u1edbn nh\u1ea5t khi \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu MDC l\u00e0 g\u00ec?","answer":"Nh\u1eefng r\u1ee7i ro l\u1edbn nh\u1ea5t \u0111\u1ed1i v\u1edbi MDC \u0111\u1ebfn t\u1eeb hai y\u1ebfu t\u1ed1 ch\u00ednh: (1) Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 than to\u00e0n c\u1ea7u - trong 2 n\u0103m qua, gi\u00e1 than Newcastle \u0111\u00e3 dao \u0111\u1ed9ng trong kho\u1ea3ng 35-40%, \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a c\u00f4ng ty; (2) Ch\u00ednh s\u00e1ch m\u00f4i tr\u01b0\u1eddng - Lu\u1eadt B\u1ea3o v\u1ec7 M\u00f4i tr\u01b0\u1eddng s\u1eeda \u0111\u1ed5i d\u1ef1 ki\u1ebfn \u00e1p d\u1ee5ng thu\u1ebf carbon t\u1eeb n\u0103m 2027 c\u00f3 th\u1ec3 l\u00e0m t\u0103ng chi ph\u00ed s\u1ea3n xu\u1ea5t t\u1eeb 8-12%. C\u00e1c r\u1ee7i ro th\u1ee9 c\u1ea5p kh\u00e1c bao g\u1ed3m c\u1ea1nh tranh t\u1eeb LNG v\u00e0 n\u0103ng l\u01b0\u1ee3ng t\u00e1i t\u1ea1o (chi ph\u00ed \u0111i\u1ec7n m\u1eb7t tr\u1eddi \u0111\u00e3 gi\u1ea3m 35% trong 5 n\u0103m), v\u00e0 r\u1ee7i ro thanh kho\u1ea3n th\u1ea5p (320,000 c\u1ed5 phi\u1ebfu\/phi\u00ean). C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n theo d\u00f5i ch\u1eb7t ch\u1ebd di\u1ec5n bi\u1ebfn gi\u00e1 than qu\u1ed1c t\u1ebf v\u00e0 th\u00f4ng tin t\u1eeb B\u1ed9 T\u00e0i nguy\u00ean v\u00e0 M\u00f4i tr\u01b0\u1eddng li\u00ean quan \u0111\u1ebfn quy \u0111\u1ecbnh v\u1ec1 ph\u00e1t th\u1ea3i."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 gi\u00e1m s\u00e1t v\u00e0 ph\u00e2n t\u00edch hi\u1ec7u qu\u1ea3 c\u1ed5 phi\u1ebfu MDC?","answer":"\u0110\u1ec3 theo d\u00f5i hi\u1ec7u qu\u1ea3 c\u1ed5 phi\u1ebfu MDC, \u00e1p d\u1ee5ng khung ph\u00e2n t\u00edch \"TEAM\" (K\u1ef9 thu\u1eadt, S\u1ef1 ki\u1ec7n, Ph\u00e2n t\u00edch, V\u0129 m\u00f4): (1) K\u1ef9 thu\u1eadt - theo d\u00f5i c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3\/kh\u00e1ng c\u1ef1 quan tr\u1ecdng (25,000, 28,000, 32,000, 35,000 \u0111\u1ed3ng) v\u00e0 c\u00e1c ch\u1ec9 b\u00e1o nh\u01b0 RSI, MACD, Bollinger Bands; (2) S\u1ef1 ki\u1ec7n - ch\u00fa \u00fd \u0111\u1ebfn l\u1ecbch h\u1ecdp \u0110HC\u0110 (th\u00e1ng 3), b\u00e1o c\u00e1o qu\u00fd (th\u00e1ng 4, 7, 10, 1), v\u00e0 th\u00f4ng b\u00e1o c\u1ed5 t\u1ee9c; (3) Ph\u00e2n t\u00edch - theo d\u00f5i b\u00e1o c\u00e1o t\u1eeb c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n l\u1edbn nh\u01b0 SSI, VCSC, HSC v\u1ec1 MDC, v\u00e0 ch\u1ec9 s\u1ed1 TCV-Coal; (4) V\u0129 m\u00f4 - theo d\u00f5i gi\u00e1 than Newcastle, ch\u00ednh s\u00e1ch n\u0103ng l\u01b0\u1ee3ng, v\u00e0 s\u1ea3n l\u01b0\u1ee3ng \u0111i\u1ec7n than h\u00e0ng th\u00e1ng. Pocket Option cung c\u1ea5p b\u1ed9 c\u00f4ng c\u1ee5 \"Coal Watch\" v\u1edbi 15 ch\u1ec9 b\u00e1o th\u1eddi gian th\u1ef1c, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 nhanh ch\u00f3ng n\u1eafm b\u1eaft th\u00f4ng tin v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh k\u1ecbp th\u1eddi."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>C\u1ed5 phi\u1ebfu Than M\u00f4ng D\u01b0\u01a1ng 2025: Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 v\u1edbi l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng 25%<\/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\/markets\/mong-duong-coal-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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