{"id":14002,"date":"2026-08-30T11:17:37","date_gmt":"2026-08-30T04:17:37","guid":{"rendered":"https:\/\/useful.vn\/?p=14002"},"modified":"2026-08-30T11:17:37","modified_gmt":"2026-08-30T04:17:37","slug":"co-nen-tham-gia-chung-khoan-khi-co-phieu-dang-re","status":"publish","type":"post","link":"https:\/\/useful.vn\/?p=14002","title":{"rendered":"C\u00f3 n\u00ean tham gia ch\u1ee9ng kho\u00e1n khi c\u1ed5 phi\u1ebfu \u0111ang ‘r\u1ebb’?"},"content":{"rendered":"
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\nC\u00f3 n\u00ean tham gia ch\u1ee9ng kho\u00e1n khi c\u1ed5 phi\u1ebfu \u0111ang ‘r\u1ebb’? <\/h1>\n

Theo chuy\u00ean gia, \u0111\u1ecbnh gi\u00e1 VN-Index \u0111ang \u1edf v\u00f9ng h\u1ea5p d\u1eabn, nh\u01b0ng nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 n\u00ean gi\u1ea3i ng\u00e2n m\u1ed9t ph\u1ea7n v\u00e0o c\u1ed5 phi\u1ebfu doanh nghi\u1ec7p \u0111\u1ea7u ng\u00e0nh thay v\u00ec d\u1ed3n to\u00e0n b\u1ed9 ti\u1ec1n.<\/p>\n

T\u00f4i gom \u0111\u01b0\u1ee3c kho\u1ea3ng 700 tri\u1ec7u \u0111\u1ed3ng, d\u1ef1 \u0111\u1ecbnh d\u00f9ng \u0111\u1ec3 \u0111\u1ea7u t\u01b0 trong v\u00e0i n\u0103m t\u1edbi. G\u1ea7n \u0111\u00e2y, nhi\u1ec1u c\u00f4ng ty ch\u1ee9ng kho\u00e1n v\u00e0 chuy\u00ean gia nh\u1eadn \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng \u0111ang c\u00f3 \u0111\u1ecbnh gi\u00e1 kh\u00e1 h\u1ea5p d\u1eabn so v\u1edbi l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p. Tuy nhi\u00ean, ch\u1ec9 s\u1ed1 li\u00ean t\u1ee5c rung l\u1eafc v\u00e0 t\u0103ng gi\u1ea3m th\u1ea5t th\u01b0\u1eddng khi\u1ebfn t\u00f4i ph\u00e2n v\u00e2n.<\/p>\n

T\u00f4i mu\u1ed1n h\u1ecfi chuy\u00ean gia: trong b\u1ed1i c\u1ea3nh hi\u1ec7n nay, \u0111\u00e2y c\u00f3 ph\u1ea3i l\u00e0 th\u1eddi \u0111i\u1ec3m ph\u00f9 h\u1ee3p \u0111\u1ec3 b\u1eaft \u0111\u1ea7u gi\u1ea3i ng\u00e2n hay n\u00ean ch\u1edd th\u1ecb tr\u01b0\u1eddng \u1ed5n \u0111\u1ecbnh h\u01a1n? N\u1ebfu nhi\u1ec1u c\u1ed5 phi\u1ebfu \u0111ang “r\u1ebb”, li\u1ec7u mua v\u00e0o c\u00f3 \u0111\u1ed3ng ngh\u0129a kh\u1ea3 n\u0103ng th\u1eafng cao hay v\u1eabn c\u1ea7n l\u01b0u \u00fd nh\u1eefng r\u1ee7i ro n\u00e0o?<\/p>\n

Ho\u00e0ng Hi\u1ec7p (TP HCM)<\/strong><\/p>\n

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Nh\u00e0 \u0111\u1ea7u t\u01b0 theo d\u00f5i th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n t\u1ea1i m\u1ed9t c\u00f4ng ty \u1edf TP HCM. \u1ea2nh: Thanh T\u00f9ng<\/em><\/p>\n<\/figcaption><\/figure>\n

Chuy\u00ean gia t\u01b0 v\u1ea5n:<\/strong><\/span><\/p>\n

Kh\u00e1i ni\u1ec7m “r\u1ebb” tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u1ea7n \u0111\u01b0\u1ee3c hi\u1ec3u \u0111\u00fang theo gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i doanh nghi\u1ec7p, thay v\u00ec ch\u1ec9 d\u1ef1a v\u00e0o m\u1ee9c \u0111\u1ed9 gi\u1ea3m gi\u00e1 c\u1ed5 phi\u1ebfu. Theo \u0111\u00f3, m\u1ed9t c\u1ed5 phi\u1ebfu gi\u1ea3m m\u1ea1nh ch\u01b0a ch\u1eafc \u0111\u00e3 r\u1ebb n\u1ebfu tri\u1ec3n v\u1ecdng kinh doanh x\u1ea5u \u0111i. Ng\u01b0\u1ee3c l\u1ea1i, c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c coi l\u00e0 r\u1ebb khi doanh nghi\u1ec7p t\u0103ng tr\u01b0\u1edfng t\u1ed1t nh\u01b0ng th\u1ecb tr\u01b0\u1eddng \u0111\u1ecbnh gi\u00e1 th\u1ea5p.<\/p>\n

Hi\u1ec7n t\u1ea1i, \u0111\u1ecbnh gi\u00e1 c\u1ee7a VN-Index \u1edf m\u1ee9c P\/B (gi\u00e1 th\u1ecb tr\u01b0\u1eddng tr\u00ean gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch) kho\u1ea3ng 1,9 l\u1ea7n v\u00e0 P\/E (gi\u00e1 th\u1ecb tr\u01b0\u1eddng tr\u00ean l\u1ee3i nhu\u1eadn m\u1ed7i c\u1ed5 phi\u1ebfu) 13,4 l\u1ea7n. So v\u1edbi l\u1ecbch s\u1eed, \u0111\u00e2y kh\u00f4ng c\u00f2n l\u00e0 v\u00f9ng \u0111\u1ecbnh gi\u00e1 th\u1ea5p nh\u01b0 giai \u0111o\u1ea1n kh\u1ee7ng ho\u1ea3ng 2008-2009 (P\/B kho\u1ea3ng 1 l\u1ea7n, P\/E d\u01b0\u1edbi 10 l\u1ea7n) hay d\u1ecbch Covid-19 v\u00e0o cu\u1ed1i 2022 (P\/B 1,3-1,5 l\u1ea7n, P\/E 10-12 l\u1ea7n). Tuy nhi\u00ean, m\u1ee9c n\u00e0y v\u1eabn th\u1ea5p h\u01a1n ng\u01b0\u1ee1ng trung b\u00ecnh c\u1ee7a nhi\u1ec1u giai \u0111o\u1ea1n h\u01b0ng ph\u1ea5n. Th\u1ecb tr\u01b0\u1eddng \u0111ang \u1edf v\u00f9ng h\u1ee3p l\u00fd \u0111\u1ebfn h\u1ea5p d\u1eabn, \u0111\u1eb7c bi\u1ec7t n\u1ebfu l\u1ee3i nhu\u1eadn doanh nghi\u1ec7p ti\u1ebfp t\u1ee5c t\u0103ng tr\u01b0\u1edfng trong th\u1eddi gian t\u1edbi.<\/p>\n

Song, n\u1ebfu lo\u1ea1i tr\u1eeb c\u00e1c c\u1ed5 phi\u1ebfu Vingroup, nh\u00f3m c\u00f3 m\u1ee9c \u0111\u1ecbnh gi\u00e1 r\u1ea5t cao v\u00e0 \u1ea3nh h\u01b0\u1edfng l\u1edbn \u0111\u1ebfn ch\u1ec9 s\u1ed1, P\/E ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ec9 c\u00f2n kho\u1ea3ng 10,8 l\u1ea7n, trong khi P\/B v\u1eabn quanh 1,7-1,8 l\u1ea7n. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y \u0111a s\u1ed1 c\u1ed5 phi\u1ebfu hi\u1ec7n \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 kh\u00e1 h\u1ea5p d\u1eabn, nh\u1ea5t l\u00e0 c\u00e1c nh\u00f3m ng\u00e2n h\u00e0ng, ch\u1ee9ng kho\u00e1n v\u00e0 nhi\u1ec1u doanh nghi\u1ec7p phi t\u00e0i ch\u00ednh.<\/p>\n

Theo t\u00f4i, \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn l\u00e0 \u0111i\u1ec1u ki\u1ec7n c\u1ea7n, nh\u01b0ng ch\u01b0a ph\u1ea3i l\u00e0 \u0111i\u1ec1u ki\u1ec7n \u0111\u1ee7 \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng t\u0103ng ngay. Gi\u00e1 c\u1ed5 phi\u1ebfu trong ng\u1eafn h\u1ea1n v\u1eabn ch\u1ecbu \u1ea3nh h\u01b0\u1edfng b\u1edfi t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0, d\u00f2ng ti\u1ec1n v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 v\u0129 m\u00f4. Do \u0111\u00f3, nh\u1eefng nh\u1ecbp rung l\u1eafc l\u00e0 \u0111i\u1ec1u ho\u00e0n to\u00e0n b\u00ecnh th\u01b0\u1eddng.<\/p>\n

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\u0110\u1ecbnh gi\u00e1 c\u1ee7a VN-Index hi\u1ec7n nay th\u1ea5p h\u01a1n m\u1ee9c trung b\u00ecnh c\u1ee7a nhi\u1ec1u giai \u0111o\u1ea1n h\u01b0ng ph\u1ea5n. \u0110\u1ed3 h\u1ecda: VnDirect<\/em><\/p>\n<\/figcaption><\/figure>\n

Giai \u0111o\u1ea1n hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 b\u1eaft \u0111\u1ea7u gi\u1ea3i ng\u00e2n t\u1eebng ph\u1ea7n, n\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n r\u00f3t v\u1ed1n d\u00e0i h\u1ea1n. Nh\u01b0ng thay v\u00ec “\u0111\u1ed5” to\u00e0n b\u1ed9 700 tri\u1ec7u \u0111\u1ed3ng ngay m\u1ed9t l\u00fac, t\u00f4i khuy\u1ebfn ngh\u1ecb gi\u1ea3i ng\u00e2n tr\u01b0\u1edbc kho\u1ea3ng 30% danh m\u1ee5c v\u00e0o c\u00e1c doanh nghi\u1ec7p \u0111\u1ea7u ng\u00e0nh, c\u00f3 n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh v\u1eefng ch\u1eafc v\u00e0 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng r\u00f5 r\u00e0ng.<\/p>\n

Ph\u1ea7n ti\u1ec1n c\u00f2n l\u1ea1i, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean gi\u1eef \u0111\u1ec3 gia t\u0103ng t\u1ef7 tr\u1ecdng khi th\u1ecb tr\u01b0\u1eddng xu\u1ea5t hi\u1ec7n c\u00e1c nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh ho\u1eb7c l\u00fac xu h\u01b0\u1edbng t\u0103ng r\u00f5 r\u00e0ng h\u01a1n. C\u00e1ch n\u00e0y gi\u00fap ng\u01b0\u1eddi mua kh\u00f4ng b\u1ecf l\u1ee1 s\u00f3ng t\u0103ng, \u0111\u1ed3ng th\u1eddi gi\u1eef ngu\u1ed3n l\u1ef1c d\u1ef1 ph\u00f2ng khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng.<\/p>\n

Ng\u01b0\u1ee3c l\u1ea1i, v\u1edbi chi\u1ebfn l\u01b0\u1ee3c l\u01b0\u1edbt s\u00f3ng ng\u1eafn h\u1ea1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ki\u00ean nh\u1eabn h\u01a1n khi th\u1ecb tr\u01b0\u1eddng xu\u1ea5t hi\u1ec7n c\u00e1c phi\u00ean t\u0103ng gi\u1ea3m \u0111an xen v\u00e0 d\u00f2ng ti\u1ec1n lu\u00e2n chuy\u1ec3n nhanh gi\u1eefa c\u00e1c nh\u00f3m ng\u00e0nh. Vi\u1ec7c mua \u0111u\u1ed5i sau nh\u1eefng phi\u00ean t\u0103ng m\u1ea1nh c\u00f3 th\u1ec3 khi\u1ebfn t\u1ef7 l\u1ec7 r\u1ee7i ro gia t\u0103ng. Ng\u01b0\u1eddi mua n\u00ean ch\u1edd nh\u1eefng nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh v\u1ec1 v\u00f9ng h\u1ed7 tr\u1ee3, c\u1ed5 phi\u1ebfu x\u00e1c nh\u1eadn xu h\u01b0\u1edbng t\u0103ng v\u00e0 thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng c\u1ea3i thi\u1ec7n.<\/p>\n

Cu\u1ed1i c\u00f9ng, t\u00f4i cho r\u1eb1ng, th\u1eddi \u0111i\u1ec3m gi\u1ea3i ng\u00e2n ch\u1ec9 l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 trong \u0111\u1ea7u t\u01b0. \u0110i\u1ec1u quy\u1ebft \u0111\u1ecbnh hi\u1ec7u qu\u1ea3 v\u1eabn l\u00e0 kh\u1ea3 n\u0103ng ch\u1ecdn \u0111\u00fang doanh nghi\u1ec7p t\u1ed1t, v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 \u0111\u1ee7 ki\u00ean nh\u1eabn \u0111\u1ec3 \u0111\u1ed3ng h\u00e0nh hay kh\u00f4ng. Gi\u1eef k\u1ef7 lu\u1eadt v\u00e0 gi\u1ea3i ng\u00e2n h\u1ee3p l\u00fd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t hi\u1ec7u qu\u1ea3, h\u01a1n l\u00e0 c\u1ed1 \u0111o\u00e1n nh\u1ecbp s\u00f3ng th\u1ecb tr\u01b0\u1eddng.<\/p>\n

H\u00e0n Y\u1ebfn Nhi<\/strong><\/p>\n

Chuy\u00ean vi\u00ean t\u01b0 v\u1ea5n \u0111\u1ea7u t\u01b0 Ch\u1ee9ng kho\u00e1n VnDirect<\/em><\/p>\n<\/article>\n

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https:\/\/vnexpress.net\/co-nen-tham-gia-chung-khoan-khi-co-phieu-dang-re-5103268.html<\/p>\n","protected":false},"excerpt":{"rendered":"

C\u00f3 n\u00ean tham gia ch\u1ee9ng kho\u00e1n khi c\u1ed5 phi\u1ebfu \u0111ang ‘r\u1ebb’? Theo chuy\u00ean gia, \u0111\u1ecbnh gi\u00e1 VN-Index \u0111ang \u1edf v\u00f9ng h\u1ea5p d\u1eabn, nh\u01b0ng nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 n\u00ean gi\u1ea3i ng\u00e2n m\u1ed9t ph\u1ea7n v\u00e0o c\u1ed5 phi\u1ebfu doanh nghi\u1ec7p \u0111\u1ea7u ng\u00e0nh thay v\u00ec d\u1ed3n to\u00e0n b\u1ed9 ti\u1ec1n. T\u00f4i gom \u0111\u01b0\u1ee3c kho\u1ea3ng 700 tri\u1ec7u \u0111\u1ed3ng, d\u1ef1 \u0111\u1ecbnh d\u00f9ng<\/p>\n","protected":false},"author":1,"featured_media":14003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-14002","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\/14002","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=14002"}],"version-history":[{"count":0,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/14002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/media\/14003"}],"wp:attachment":[{"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}