{ "id": 69351, "date": "2026-04-08T09:10:15", "date_gmt": "2026-04-08T02:10:15", "guid": { "rendered": "https:\/\/hbbgroup.net\/agriseco-diem-ten-loat-doanh-nghiep-ve-vung-dinh-gia-hap-dan-ky-vong-tang-truong-cao-trong-quy-1-2026\/" }, "modified": "2026-04-08T09:10:15", "modified_gmt": "2026-04-08T02:10:15", "slug": "agriseco-diem-ten-loat-doanh-nghiep-ve-vung-dinh-gia-hap-dan-ky-vong-tang-truong-cao-trong-quy-1-2026", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/agriseco-diem-ten-loat-doanh-nghiep-ve-vung-dinh-gia-hap-dan-ky-vong-tang-truong-cao-trong-quy-1-2026\/", "title": { "rendered": "Agriseco \u0111i\u1ec3m t\u00ean lo\u1ea1t doanh nghi\u1ec7p v\u1ec1 v\u00f9ng \u0111\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn, k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng cao trong qu\u00fd 1\/2026" }, "content": { "rendered": "
<\/figcaption>

Sau chu\u1ed7i t\u0103ng \u0111i\u1ec3m k\u00e9o d\u00e0i t\u1eeb \u0111\u1ea7u n\u0103m, VN-Index \u0111\u00e3 \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c b\u00e1n m\u1ea1nh v\u00e0 c\u00e1c nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh s\u00e2u trong n\u1eeda \u0111\u1ea7u th\u00e1ng 3 sau s\u1ef1 ki\u1ec7n xung \u0111\u1ed9t Trung \u0110\u00f4ng. Th\u1ecb tr\u01b0\u1eddng d\u1ea7n t\u00ecm \u0111\u01b0\u1ee3c \u0111i\u1ec3m c\u00e2n b\u1eb1ng v\u00e0 ph\u1ee5c h\u1ed3i v\u1ec1 cu\u1ed1i th\u00e1ng, VN-Index \u0111\u00f3ng c\u1eeda t\u1ea1i m\u1ee9c 1.674,49 (-10,95%). <\/p>\n

B\u01b0\u1edbc sang th\u00e1ng 4\/2026, \u0111\u1ed9i ng\u0169 ph\u00e2n t\u00edch Agriseco Research ch\u1ec9 ra 2 c\u00e2u chuy\u1ec7n ch\u00ednh d\u1eabn d\u1eaft d\u00f2ng ti\u1ec1n s\u1ebd l\u00e0 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd 1\/2026 v\u00e0 c\u00e1c th\u00f4ng tin t\u1ea1i \u0111\u1ea1i h\u1ed9i c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng ni\u00ean c\u1ee7a c\u00e1c doanh nghi\u1ec7p. <\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, b\u1ee9c tranh v\u0129 m\u00f4 trong n\u01b0\u1edbc v\u1eabn l\u00e0 n\u1ec1n t\u1ea3ng h\u1ed7 tr\u1ee3 cho xu h\u01b0\u1edbng t\u0103ng trung v\u00e0 d\u00e0i h\u1ea1n c\u1ee7a VN-Index nh\u1edd: (1) K\u1ef3 v\u1ecdng b\u00e1o c\u00e1o t\u00ecnh h\u00ecnh kinh t\u1ebf – x\u00e3 h\u1ed9i Q1\/2026 t\u00edch c\u1ef1c; (2) C\u00e2u chuy\u1ec7n n\u00e2ng h\u1ea1ng th\u1ecb tr\u01b0\u1eddng khi FTSE Russell c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 r\u00e0 so\u00e1t ph\u00e2n lo\u1ea1i th\u1ecb tr\u01b0\u1eddng ng\u00e0y 7\/4, k\u1ef3 v\u1ecdng thu h\u00fat d\u00f2ng v\u1ed1n ngo\u1ea1i. <\/p>\n

Tuy nhi\u00ean, trong ng\u1eafn h\u1ea1n, thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 suy gi\u1ea3m do t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u1edf n\u00ean th\u1eadn tr\u1ecdng tr\u01b0\u1edbc r\u1ee7i ro xung \u0111\u1ed9t Trung \u0110\u00f4ng di\u1ec5n bi\u1ebfn kh\u00f3 l\u01b0\u1eddng. Tr\u00ean c\u01a1 s\u1edf \u0111\u00f3, Agriseco \u01b0u ti\u00ean l\u1ef1a ch\u1ecdn nh\u1eefng c\u1ed5 phi\u1ebfu c\u00f3 \u0111\u1ecbnh gi\u00e1 h\u1ee3p l\u00fd v\u00e0 t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh l\u00e0nh m\u1ea1nh, l\u1ee3i nhu\u1eadn k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng cao trong Q1\/2026 c\u0169ng nh\u01b0 duy tr\u00ec trong c\u1ea3 n\u0103m 2026. <\/p>\n

T\u1ea1i nh\u00f3m ng\u00e2n h\u00e0ng, \u0111\u1ea1i di\u1ec7n l\u00e0 Ng\u00e2n h\u00e0ng TMCP Qu\u00e2n \u0111\u1ed9i (m\u00e3: MBB) <\/b> \u0111\u01b0\u1ee3c d\u1ef1 ph\u00f3ng l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf qu\u00fd \u0111\u1ea7u n\u0103m t\u0103ng tr\u00ean 10% nh\u1edd t\u0103ng tr\u01b0\u1edfng t\u00edn d\u1ee5ng. Ngo\u00e0i ra, thu nh\u1eadp ngo\u00e0i l\u00e3i t\u1eeb ho\u1ea1t \u0111\u1ed9ng d\u1ecbch v\u1ee5 v\u00e0 thu nh\u1eadp kh\u00e1c (\u0111\u00f3ng g\u00f3p ch\u00ednh t\u1eeb kho\u1ea3n thu h\u1ed3i x\u1eed l\u00fd n\u1ee3 x\u1ea5u) ti\u1ebfp t\u1ee5c t\u0103ng t\u00edch c\u1ef1c tr\u00ean 15% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i. <\/p>\n

Agriseco Research nh\u1eadn \u0111\u1ecbnh, v\u1edbi h\u1ec7 sinh th\u00e1i t\u00e0i ch\u00ednh to\u00e0n di\u1ec7n v\u00e0 t\u1ec7p kh\u00e1ch h\u00e0ng s\u1ed1 (bao g\u1ed3m KHCN v\u00e0 KHDN) t\u0103ng tr\u01b0\u1edfng m\u1ea1nh, m\u1ee5c ti\u00eau t\u0103ng 5 tri\u1ec7u ng\u01b0\u1eddi d\u00f9ng trong n\u0103m 2026, h\u1ed7 tr\u1ee3 ng\u00e2n h\u00e0ng n\u00e0y c\u1ee7ng c\u1ed1 v\u1ecb th\u1ebf d\u1eabn \u0111\u1ea7u v\u1ec1 t\u1ef7 l\u1ec7 CASA (ti\u1ec1n g\u1eedi kh\u00f4ng k\u1ef3 h\u1ea1n\/t\u1ed5ng huy \u0111\u1ed9ng). Nh\u1edd t\u1ed1i \u01b0u h\u00f3a chi ph\u00ed v\u1ed1n th\u1ea5p v\u00e0 doanh thu t\u1eeb k\u00eanh s\u1ed1 n\u0103m 2026 d\u1ef1 ki\u1ebfn t\u0103ng 10-15% svck s\u1ebd gi\u00fap MBB duy tr\u00ec bi\u00ean l\u00e3i r\u00f2ng NIM tr\u00ean 4%, cao h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi m\u1ee9c trung b\u00ecnh ng\u00e0nh (2,7%). <\/p>\n

Chung l\u0129nh v\u1ef1c t\u00e0i ch\u00ednh, Agriseco \u0111\u00e1nh gi\u00e1 k\u1ebft qu\u1ea3 kinh doanh qu\u00fd 1\/2026 c\u1ee7a Ch\u1ee9ng kho\u00e1n HSC (m\u00e3: HCM) <\/b> duy tr\u00ec t\u0103ng tr\u01b0\u1edfng t\u1ed1t. K\u1ef3 v\u1ecdng l\u1ee3i nhu\u1eadn c\u1ee7a HCM b\u1ee9t ph\u00e1 so v\u1edbi c\u00f9ng k\u1ef3 nh\u1edd v\u00e0o quy m\u00f4 d\u01b0 n\u1ee3 cho vay m\u1edf r\u1ed9ng (sau \u0111\u1ee3t t\u0103ng v\u1ed1n cu\u1ed1i n\u0103m 2025), k\u1ebft h\u1ee3p v\u1edbi thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng duy tr\u00ec m\u1ee9c cao (b\u00ecnh qu\u00e2n kho\u1ea3ng 35.000 t\u1ef7 \u0111\u1ed3ng\/phi\u00ean, t\u0103ng h\u01a1n 90% svck). <\/p>\n

FTSE d\u1ef1 ki\u1ebfn c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 r\u00e0 so\u00e1t th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam l\u00ean th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i th\u1ee9 c\u1ea5p v\u00e0o ng\u00e0y 7\/4, k\u1ef3 v\u1ecdng th\u00f4ng tin \u0111em l\u1ea1i hi\u1ec7u \u1ee9ng t\u00edch c\u1ef1c, th\u00fac \u0111\u1ea9y d\u00f2ng ti\u1ec1n tham gia tr\u1edf l\u1ea1i th\u1ecb tr\u01b0\u1eddng. Th\u00eam n\u1eefa, th\u00f4ng tin v\u1ec1 ph\u01b0\u01a1ng \u00e1n ph\u00e1t h\u00e0nh ri\u00eang l\u1ebb v\u00e0 ESOP trong t\u00e0i li\u1ec7u \u0110H\u0110C\u0110 \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 v\u00e0o th\u00e1ng 4 s\u1ebd l\u00e0 th\u00f4ng tin t\u00edch c\u1ef1c cho c\u1ed5 phi\u1ebfu HCM. <\/p>\n

\u1ede nh\u00f3m th\u00e9p, KQKD qu\u00fd 1 c\u1ee7a T\u1eadp \u0111o\u00e0n Ho\u00e0 Ph\u00e1t (m\u00e3: HPG) <\/b> \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng nh\u1edd s\u1ea3n l\u01b0\u1ee3ng ti\u00eau th\u1ee5 th\u00e9p x\u00e2y d\u1ef1ng v\u00e0 HRC 2 th\u00e1ng \u0111\u1ea7u n\u0103m t\u0103ng 51% svck, c\u00f9ng v\u1edbi bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p d\u1ef1 b\u00e1o c\u1ea3i thi\u1ec7n nh\u1edd t\u1eadn d\u1ee5ng t\u1ed3n kho gi\u00e1 th\u1ea5p t\u1eeb Q4\/2025 trong b\u1ed1i c\u1ea3nh gi\u00e1 th\u00e9p x\u00e2y d\u1ef1ng \u0111\u00e3 t\u0103ng kho\u1ea3ng 5% svck. <\/p>\n

\u0110\u1ed3ng th\u1eddi, tri\u1ec3n v\u1ecdng l\u1ee3i nhu\u1eadn t\u0103ng tr\u01b0\u1edfng trong qu\u00fd t\u1edbi \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi d\u1ef1 \u00e1n Dung Qu\u1ea5t 2, gi\u00fap t\u0103ng kho\u1ea3ng 60% s\u1ea3n l\u01b0\u1ee3ng HRC so v\u1edbi n\u0103m 2025. Vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 b\u00e1n theo xu h\u01b0\u1edbng t\u0103ng c\u1ee7a nguy\u00ean v\u1eadt li\u1ec7u \u0111\u1ea7u v\u00e0o gi\u00fap bi\u00ean l\u1ee3i nhu\u1eadn \u1ed5n \u0111\u1ecbnh. <\/p>\n

B\u00ean c\u1ea1nh \u0111\u00f3, vi\u1ec7c B\u1ed9 C\u00f4ng Th\u01b0\u01a1ng \u00e1p thu\u1ebf ch\u1ed1ng b\u00e1n ph\u00e1 gi\u00e1 t\u1ea1m th\u1eddi \u0111\u1ed1i v\u1edbi HRC kh\u1ed5 r\u1ed9ng \u1edf m\u1ee9c 27,83% \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng k\u1ec3 t\u1eeb ng\u00e0y 16\/4\/2026 s\u1ebd gi\u1ea3m \u00e1p l\u1ef1c c\u1ea1nh tranh t\u1eeb th\u00e9p nh\u1eadp kh\u1ea9u gi\u00e1 r\u1ebb, qua \u0111\u00f3 h\u1ed7 tr\u1ee3 m\u1eb7t b\u1eb1ng gi\u00e1 b\u00e1n trong n\u01b0\u1edbc. ” HPG \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd duy tr\u00ec \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng t\u00edch c\u1ef1c nh\u1edd l\u1ee3i th\u1ebf quy m\u00f4, chu\u1ed7i s\u1ea3n xu\u1ea5t kh\u00e9p k\u00edn v\u00e0 kh\u1ea3 n\u0103ng th\u00edch \u1ee9ng t\u1ed1t v\u1edbi bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a <\/i> “, b\u00e1o c\u00e1o n\u00eau r\u00f5. <\/p>\n

Ngo\u00e0i ra, Agriseco d\u1ef1 b\u00e1o CTCP Gemadept (m\u00e3: GMD) <\/b> c\u00f3 nhi\u1ec1u d\u01b0 \u0111\u1ecba t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n nh\u1edd m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t. D\u1ef1 \u00e1n Nam \u0110\u00ecnh V\u0169 3 ch\u00ednh th\u1ee9c v\u1eadn h\u00e0nh th\u01b0\u01a1ng m\u1ea1i v\u00e0o cu\u1ed1i n\u0103m 2025, n\u00e2ng t\u1ed5ng c\u00f4ng su\u1ea5t c\u1ee5m c\u1ea3ng l\u00ean kho\u1ea3ng 2 tri\u1ec7u TEU\/n\u0103m, t\u01b0\u01a1ng \u1ee9ng m\u1edf r\u1ed9ng 60% c\u00f4ng su\u1ea5t c\u1ee7a c\u1ea3ng. Giai \u0111o\u1ea1n 3 \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng c\u00f3 th\u1ec3 l\u1ea5p \u0111\u1ea7y 90% c\u00f4ng su\u1ea5t trong v\u00f2ng 3 n\u0103m t\u1edbi nh\u1edd s\u1edf h\u1eefu l\u1ee3i th\u1ebf khai th\u00e1c th\u1ecb tr\u01b0\u1eddng ng\u00e1ch h\u00e0ng si\u00eau tr\u01b0\u1eddng si\u00eau tr\u1ecdng (OOG). <\/p>\n

\u1ede ph\u00eda Nam, giai \u0111o\u1ea1n 2A Gemalink c\u00f3 v\u1ed1n \u0111\u1ea7u t\u01b0 kho\u1ea3ng g\u1ea7n 200 tri\u1ec7u USD, d\u1ef1 ki\u1ebfn b\u1ed5 sung c\u00f4ng su\u1ea5t 600.000 TEU\/n\u0103m t\u1eeb n\u0103m 2027, t\u0103ng th\u00eam kho\u1ea3ng 50% c\u00f4ng su\u1ea5t cho c\u1ea3ng Gemalink. Hi\u1ec7n t\u1ea1i GMD \u0111ang ho\u00e0n t\u1ea5t kh\u00e2u ph\u00e1p l\u00fd \u0111\u1ec3 b\u1eaft \u0111\u1ea7u tri\u1ec3n khai. <\/p>\n

H\u01a1n n\u1eefa, Gemadept c\u00f2n c\u00f3 th\u1ec3 ghi nh\u1eadn 200 t\u1ef7 l\u1ee3i nhu\u1eadn t\u1eeb tho\u00e1i v\u1ed1n m\u1ea3ng cao su trong n\u0103m 2026. <\/p>\n

T\u1ea1i m\u1ea3ng KCN, CTCP Cao su Ph\u01b0\u1edbc H\u00f2a (m\u00e3: PHR) <\/b> \u0111\u01b0\u1ee3c d\u1ef1 ph\u00f3ng k\u1ebft qu\u1ea3 kinh doanh t\u0103ng tr\u01b0\u1edfng trong qu\u00fd 1\/2026 nh\u1edd (1) m\u1ea3ng cao su ghi nh\u1eadn t\u0103ng t\u1eeb k\u1ef3 v\u1ecdng s\u1ea3n l\u01b0\u1ee3ng ti\u00eau th\u1ee5 t\u0103ng khi gi\u00e1 b\u00e1n b\u00ecnh qu\u00e2n cao su \u0111i ngang svck; (2) L\u1ee3i nhu\u1eadn gia t\u0103ng \u0111\u00f3ng g\u00f3p t\u1eeb c\u00e1c d\u1ef1 \u00e1n khu c\u00f4ng nghi\u1ec7p (KCN) \u0111ang v\u1eadn h\u00e0nh nh\u01b0 VSIP 3 v\u00e0 Nam T\u00e2n Uy\u00ean 2 m\u1edf r\u1ed9ng. PHR d\u1ef1 ki\u1ebfn ghi nh\u1eadn l\u1ee3i nhu\u1eadn t\u0103ng tr\u01b0\u1edfng m\u1ea1nh trong giai \u0111o\u1ea1n 2026 – 2028 nh\u1edd kho\u1ea3n \u0111\u1ec1n b\u00f9 t\u1eeb d\u1ef1 \u00e1n KCN B\u1eafc T\u00e2n Uy\u00ean 1 (quy m\u00f4 785 ha). <\/p>\n

Cu\u1ed1i c\u00f9ng, nh\u00f3m ph\u00e2n t\u00edch \u0111\u00e1nh gi\u00e1 qu\u00fd 1 th\u01b0\u1eddng l\u00e0 m\u00f9a cao \u0111i\u1ec3m \u0111\u1ed1i v\u1edbi ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a PNJ khi \u0111\u00e2y l\u00e0 giai \u0111o\u1ea1n cao \u0111i\u1ec3m m\u00f9a c\u01b0\u1edbi di\u1ec5n ra. \u0110\u1ed3ng th\u1eddi, c\u00e1c ng\u00e0y l\u1ec5 nh\u01b0 8\/3, ng\u00e0y Valentines, ng\u00e0y V\u00eda Th\u1ea7n T\u00e0i c\u0169ng k\u00edch th\u00edch nhu c\u1ea7u ti\u00eau th\u1ee5 s\u1ea3n ph\u1ea9m trang s\u1ee9c. Nh\u1edd \u0111\u00f3, Agriseco \u01b0\u1edbc t\u00ednh l\u1ee3i nhu\u1eadn Q1\/2026 c\u1ee7a PNJ <\/b> c\u00f3 th\u1ec3 \u0111\u1ea1t kho\u1ea3ng 1.400 – 1.500 t\u1ef7 \u0111\u1ed3ng, t\u0103ng kho\u1ea3ng g\u1ea5p 2 l\u1ea7n svck. <\/p>\n<\/p><\/div>", "protected": false }, "excerpt": { "rendered": "

Sau chu\u1ed7i t\u0103ng \u0111i\u1ec3m k\u00e9o d\u00e0i t\u1eeb \u0111\u1ea7u n\u0103m, VN-Index \u0111\u00e3 \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c b\u00e1n m\u1ea1nh v\u00e0 c\u00e1c […]<\/p>", "protected": false }, "author": 5, "featured_media": 69352, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 221 ], "tags": [], "class_list": [ "post-69351", "post", "type-post", "status-publish", "format-standard", "has-post-thumbnail", "hentry", "category-chung-khoan" ], "acf": [], "_links": { "self": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/69351", "targetHints": { "allow": [ "GET" ] } } ], "collection": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts" } ], "about": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post" } ], "author": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/5" } ], "replies": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=69351" } ], "version-history": [ { "count": 0, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/69351\/revisions" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/69352" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=69351" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=69351" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=69351" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }