{"id":13454,"date":"2026-08-27T20:47:18","date_gmt":"2026-08-27T13:47:18","guid":{"rendered":"https:\/\/useful.vn\/?p=13454"},"modified":"2026-08-27T20:47:18","modified_gmt":"2026-08-27T13:47:18","slug":"dragon-capital-dinh-gia-nhieu-doanh-nghiep-hap-dan-de-dau-tu-2-3-nam","status":"publish","type":"post","link":"https:\/\/useful.vn\/?p=13454","title":{"rendered":"Dragon Capital: \u0110\u1ecbnh gi\u00e1 nhi\u1ec1u doanh nghi\u1ec7p h\u1ea5p d\u1eabn \u0111\u1ec3 \u0111\u1ea7u t\u01b0 2-3 n\u0103m"},"content":{"rendered":"
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\nDragon Capital: \u0110\u1ecbnh gi\u00e1 nhi\u1ec1u doanh nghi\u1ec7p h\u1ea5p d\u1eabn \u0111\u1ec3 \u0111\u1ea7u t\u01b0 2-3 n\u0103m <\/h1>\n

Dragon Capital d\u1ef1 b\u00e1o ch\u1ee9ng kho\u00e1n trong ng\u1eafn h\u1ea1n c\u00f2n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, nh\u01b0ng \u0111\u1ecbnh gi\u00e1 nhi\u1ec1u doanh nghi\u1ec7p \u0111\u00e3 h\u1ea5p d\u1eabn sau nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh s\u00e2u, ph\u00f9 h\u1ee3p t\u00edch l\u0169y cho 2-3 n\u0103m t\u1edbi.<\/p>\n

Trong th\u01b0 g\u1eedi nh\u00e0 \u0111\u1ea7u t\u01b0 cu\u1ed1i ng\u00e0y 29\/7, qu\u1ef9 \u0111\u1ea7u t\u01b0 Dragon Capital n\u00f3i r\u1eb1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111ang g\u00e2y nhi\u1ec1u lo ng\u1ea1i cho nh\u00e0 \u0111\u1ea7u t\u01b0 khi \u00e1p l\u1ef1c b\u00e1n di\u1ec5n ra tr\u00ean di\u1ec7n r\u1ed9ng.<\/p>\n

Ch\u1ec9 s\u1ed1 \u0111\u1ea1i di\u1ec7n cho s\u00e0n TP HCM \u0111\u00e3 th\u1ee7ng h\u00e0ng lo\u1ea1t ng\u01b0\u1ee1ng t\u00e2m l\u00fd quan tr\u1ecdng, c\u00f3 l\u00fac m\u1ea5t g\u1ea7n 15% so v\u1edbi \u0111\u1ec9nh l\u1ecbch s\u1eed. Ch\u1ec9 s\u1ed1 m\u1edbi h\u1ed3i ph\u1ee5c trong hai phi\u00ean giao d\u1ecbch g\u1ea7n nh\u1ea5t, l\u1ea5y l\u1ea1i m\u1ed1c 1.700 \u0111i\u1ec3m, nh\u01b0ng r\u1ee7i ro \u0111i\u1ec1u ch\u1ec9nh v\u1eabn hi\u1ec7n h\u1eefu.<\/p>\n

“\u0110\u1ee3t \u0111i\u1ec1u ch\u1ec9nh hi\u1ec7n nay ph\u1ea3n \u00e1nh s\u1ef1 c\u1ed9ng h\u01b0\u1edfng c\u1ee7a nhi\u1ec1u y\u1ebfu t\u1ed1, trong \u0111\u00f3 ph\u1ea7n l\u1edbn mang t\u00ednh ng\u1eafn h\u1ea1n”, Dragon Capital vi\u1ebft.<\/p>\n

Sau nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh, P\/E th\u1ecb tr\u01b0\u1eddng hi\u1ec7n \u1edf m\u1ee9c 11,9 l\u1ea7n, th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi m\u1ed9t s\u1ed1 th\u1ecb tr\u01b0\u1eddng trong khu v\u1ef1c nh\u01b0 Th\u00e1i Lan (16,1), Malaysia (15,2), Singapore (17,3). P\/E tr\u01b0\u1ee3t (t\u00ednh trong 12 th\u00e1ng g\u1ea7n nh\u1ea5t) c\u00f3 l\u00fac c\u00f2n kho\u1ea3ng 10 l\u1ea7n, quanh v\u00f9ng th\u1ea5p nh\u1ea5t 10 n\u0103m.<\/p>\n

Th\u1ecb tr\u01b0\u1eddng xu\u1ea5t hi\u1ec7n h\u00e0ng lo\u1ea1t c\u1ed5 phi\u1ebfu \u0111\u1ea7u ng\u00e0nh xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t nhi\u1ec1u n\u0103m \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e2n nh\u1eafc. Ch\u1eb3ng h\u1ea1n, \u1edf nh\u00f3m ng\u00e2n h\u00e0ng c\u00f3 VCB, CTG, EIB, TPB… v\u1ec1 th\u1ea5p nh\u1ea5t m\u1ed9t n\u0103m; c\u00f2n ch\u1ee9ng kho\u00e1n c\u00f3 SSI, VIX, VCI. \u1ede nh\u00f3m b\u1ea5t \u0111\u1ed9ng s\u1ea3n, KDH c\u00f3 th\u1eddi \u0111i\u1ec3m quay l\u1ea1i v\u00f9ng gi\u00e1 cu\u1ed1i 2022, c\u00f2n NLG l\u00e0 \u0111\u1ea7u 2023. C\u00f2n c\u1ed5 phi\u1ebfu PNJ xu\u1ed1ng th\u1ea5p nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 10\/2020, t\u1ee9c g\u1ea7n 6 n\u0103m, do r\u1ee7i ro ph\u00e1p l\u00fd v\u00e0 qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p, tr\u01b0\u1edbc khi ph\u00e1t t\u00edn hi\u1ec7u h\u1ed3i ph\u1ee5c m\u1ea1nh.<\/p>\n

Ngo\u00e0i ra, m\u1ed9t s\u1ed1 c\u1ed5 phi\u1ebfu \u0111ang giao d\u1ecbch \u1edf \u0111\u1ecbnh gi\u00e1 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng giai \u0111o\u1ea1n sau khi M\u1ef9 c\u00f4ng b\u1ed1 ch\u00ednh s\u00e1ch thu\u1ebf \u0111\u1ed1i \u1ee9ng v\u00e0o th\u00e1ng 4\/2025, t\u1ee9c th\u1ea5p nh\u1ea5t kho\u1ea3ng m\u1ed9t n\u0103m r\u01b0\u1ee1i. V\u00f9ng gi\u00e1 hi\u1ec7n t\u1ea1i, theo Dragon Capital, t\u1ea1o ra c\u01a1 h\u1ed9i t\u00edch l\u0169y c\u1ed5 phi\u1ebfu c\u1ee7a nh\u1eefng doanh nghi\u1ec7p c\u00f3 n\u1ec1n t\u1ea3ng t\u1ed1t, t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh v\u00e0 ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n cao cho t\u1ea7m nh\u00ecn \u0111\u1ea7u t\u01b0 2-3 n\u0103m.<\/p>\n

“T\u1eeb g\u00f3c \u0111\u1ed9 \u0111\u1ecbnh gi\u00e1 v\u00e0 l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p, bi\u00ean an to\u00e0n c\u1ee7a nhi\u1ec1u kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c c\u1ea3i thi\u1ec7n d\u00f9 c\u00e1c r\u1ee7i ro ng\u1eafn h\u1ea1n v\u1eabn hi\u1ec7n h\u1eefu”, nh\u00f3m ph\u00e2n t\u00edch Dragon Capital nh\u00ecn nh\u1eadn.<\/p>\n

VN-Index \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh, nh\u01b0ng Dragon Capital cho bi\u1ebft ch\u01b0a ghi nh\u1eadn d\u1ea5u hi\u1ec7u suy gi\u1ea3m t\u01b0\u01a1ng \u1ee9ng trong b\u1ee9c tranh l\u1ee3i nhu\u1eadn c\u1ee7a doanh nghi\u1ec7p. Nhi\u1ec1u c\u00f4ng ty ni\u00eam y\u1ebft v\u1eabn duy tr\u00ec k\u1ebft qu\u1ea3 kinh doanh t\u00edch c\u1ef1c, c\u00f2n tri\u1ec3n v\u1ecdng l\u1ee3i nhu\u1eadn n\u0103m nay c\u1ee7a to\u00e0n th\u1ecb tr\u01b0\u1eddng ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 kh\u1ea3 quan. C\u00e1c ch\u1ec9 b\u00e1o kinh t\u1ebf nh\u01b0 t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng, ti\u00eau d\u00f9ng n\u1ed9i \u0111\u1ecba, \u0111\u1ea7u t\u01b0… chuy\u1ec3n bi\u1ebfn t\u1ed1t.<\/p>\n

Qu\u1ef9 \u0111\u1ea7u t\u01b0 n\u00e0y cho r\u1eb1ng t\u00edn hi\u1ec7u \u0111\u00e1ng quan t\u00e2m l\u00e0 c\u1ed5 \u0111\u00f4ng n\u1ed9i b\u1ed9 v\u00e0 l\u00e3nh \u0111\u1ea1o nhi\u1ec1u doanh nghi\u1ec7p \u0111\u00e3 \u0111\u0103ng k\u00fd mua c\u1ed5 phi\u1ebfu c\u1ee7a ch\u00ednh c\u00f4ng ty m\u00ecnh. C\u00e1c giao d\u1ecbch n\u00e0y xu\u1ea5t hi\u1ec7n \u1edf nhi\u1ec1u l\u0129nh v\u1ef1c nh\u01b0 ch\u1ee9ng kho\u00e1n, b\u00e1n l\u1ebb, th\u1ef1c ph\u1ea9m, xu\u1ea5t kh\u1ea9u, b\u1ea5t \u0111\u1ed9ng s\u1ea3n nh\u00e0 \u1edf v\u00e0 khu c\u00f4ng nghi\u1ec7p.<\/p>\n

“\u0110\u00e2y l\u00e0 t\u00edn hi\u1ec7u ph\u1ea3n \u00e1nh \u0111\u00e1nh gi\u00e1 t\u00edch c\u1ef1c c\u1ee7a ng\u01b0\u1eddi n\u1ed9i b\u1ed9 \u0111\u1ed1i v\u1edbi tri\u1ec3n v\u1ecdng trung v\u00e0 d\u00e0i h\u1ea1n c\u1ee7a doanh nghi\u1ec7p”, qu\u1ef9 n\u00e0y vi\u1ebft. \u0110\u1ed3ng th\u1eddi, h\u1ecd l\u01b0u \u00fd c\u00e1c giao d\u1ecbch n\u00e0y c\u1ea7n \u0111\u01b0\u1ee3c xem x\u00e9t v\u1edbi ch\u1ea5t l\u01b0\u1ee3ng t\u00e0i s\u1ea3n, tri\u1ec3n v\u1ecdng l\u1ee3i nhu\u1eadn, d\u00f2ng ti\u1ec1n, \u0111\u1ecbnh gi\u00e1 doanh nghi\u1ec7p… thay v\u00ec nh\u00ecn nh\u1eadn nh\u01b0 m\u1ed9t ch\u1ec9 b\u00e1o \u0111\u1ed9c l\u1eadp.<\/p>\n

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\n<\/div>
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\u0110\u1ed3 th\u1ecb VN-Index th\u1ec3 hi\u1ec7n hai \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh (khung m\u00e0u h\u1ed3ng) v\u00e0o th\u00e1ng 4\/2025 v\u00e0 th\u00e1ng 7\/2026. \u1ea2nh ch\u1ee5p m\u00e0n h\u00ecnh<\/em><\/p>\n<\/figcaption><\/figure>\n

D\u1ef1 b\u00e1o xu h\u01b0\u1edbng s\u1eafp t\u1edbi, c\u00e1c chuy\u00ean gia c\u1ee7a qu\u1ef9 n\u00f3i “kh\u00f4ng th\u1ec3 kh\u1eb3ng \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng s\u1ebd h\u1ed3i ph\u1ee5c ho\u00e0n to\u00e0n trong v\u00f2ng v\u00e0i th\u00e1ng”. Bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u00f3 th\u1ec3 ti\u1ebfp di\u1ec5n khi th\u1ecb tr\u01b0\u1eddng \u0111\u00e1nh gi\u00e1 c\u00e1c y\u1ebfu t\u1ed1 thanh kho\u1ea3n, \u0111\u1ecba ch\u00ednh tr\u1ecb, ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i v\u00e0 tri\u1ec3n v\u1ecdng kinh doanh c\u1ee7a t\u1eebng doanh nghi\u1ec7p.<\/p>\n

Tuy nhi\u00ean, d\u1ef1a tr\u00ean d\u1eef li\u1ec7u l\u1ecbch s\u1eed, Dragon Capital k\u1ef3 v\u1ecdng c\u00e1c nh\u1ecbp h\u1ed3i ph\u1ee5c m\u1ea1nh s\u1ebd di\u1ec5n ra khi m\u1ee9c \u0111\u1ed9 b\u1ea5t \u0111\u1ecbnh gi\u1ea3m b\u1edbt v\u00e0 ni\u1ec1m tin d\u1ea7n \u0111\u01b0\u1ee3c kh\u00f4i ph\u1ee5c. Nh\u00f3m n\u00e0y d\u1eabn ch\u1ee9ng sau nh\u1eefng giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh nh\u01b0 Covid-19, kh\u1ee7ng ho\u1ea3ng tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p, \u00e1p l\u1ef1c t\u1ef7 gi\u00e1, ch\u00ednh s\u00e1ch thu\u1ebf quan…, VN-Index t\u0103ng 23-76% trong 12 th\u00e1ng ti\u1ebfp theo. C\u00e1c qu\u1ef9 th\u00e0nh vi\u00ean c\u1ee7a h\u1ecd c\u0169ng t\u00edch l\u0169y 28-85% trong c\u00f9ng th\u1eddi gian.<\/p>\n

“Giai \u0111o\u1ea1n n\u00e0y, ch\u00fang t\u00f4i ti\u1ebfp t\u1ee5c t\u1eadp trung v\u00e0o gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i v\u00e0 tri\u1ec3n v\u1ecdng d\u00e0i h\u1ea1n c\u1ee7a doanh nghi\u1ec7p, thay v\u00ec c\u00e1c bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng”, qu\u1ef9 \u0111\u1ea7u t\u01b0 vi\u1ebft.<\/p>\n

Dragon Capital th\u00e0nh l\u1eadp n\u0103m 1994, tr\u01b0\u1edbc khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam ra \u0111\u1eddi 6 n\u0103m. H\u1ecd \u0111ang qu\u1ea3n l\u00fd t\u1ed5ng t\u00e0i s\u1ea3n h\u01a1n 6 t\u1ef7 USD v\u1edbi nhi\u1ec1u qu\u1ef9 c\u1ed5 phi\u1ebfu, tr\u00e1i phi\u1ebfu, c\u00e2n b\u1eb1ng, ETF.<\/p>\n

Ph\u01b0\u01a1ng \u0110\u00f4ng<\/strong><\/p>\n<\/article>\n

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https:\/\/vnexpress.net\/dragon-capital-dinh-gia-nhieu-doanh-nghiep-hap-dan-de-dau-tu-2-3-nam-5103109.html<\/p>\n","protected":false},"excerpt":{"rendered":"

Dragon Capital: \u0110\u1ecbnh gi\u00e1 nhi\u1ec1u doanh nghi\u1ec7p h\u1ea5p d\u1eabn \u0111\u1ec3 \u0111\u1ea7u t\u01b0 2-3 n\u0103m Dragon Capital d\u1ef1 b\u00e1o ch\u1ee9ng kho\u00e1n trong ng\u1eafn h\u1ea1n c\u00f2n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, nh\u01b0ng \u0111\u1ecbnh gi\u00e1 nhi\u1ec1u doanh nghi\u1ec7p \u0111\u00e3 h\u1ea5p d\u1eabn sau nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh s\u00e2u, ph\u00f9 h\u1ee3p t\u00edch l\u0169y cho 2-3 n\u0103m t\u1edbi. Trong th\u01b0 g\u1eedi nh\u00e0 \u0111\u1ea7u t\u01b0<\/p>\n","protected":false},"author":1,"featured_media":13455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-13454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong"],"_links":{"self":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/13454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13454"}],"version-history":[{"count":0,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/13454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/media\/13455"}],"wp:attachment":[{"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}