{"id":47724,"date":"2025-09-06T16:54:53","date_gmt":"2025-09-06T09:54:53","guid":{"rendered":"https:\/\/hbbgroup.net\/song-ipo-mo-ra-co-hoi-lon-hay-se-ket-thuc-mot-chu-ky-tang-diem\/"},"modified":"2025-09-06T16:54:53","modified_gmt":"2025-09-06T09:54:53","slug":"song-ipo-mo-ra-co-hoi-lon-hay-se-ket-thuc-mot-chu-ky-tang-diem","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/song-ipo-mo-ra-co-hoi-lon-hay-se-ket-thuc-mot-chu-ky-tang-diem\/","title":{"rendered":"\u201cS\u00f3ng\u201d IPO m\u1edf ra c\u01a1 h\u1ed9i l\u1edbn hay s\u1ebd k\u1ebft th\u00fac m\u1ed9t chu k\u1ef3 t\u0103ng \u0111i\u1ec3m?"},"content":{"rendered":"
\n

\u201cS\u00f3ng\u201d IPO m\u1edf ra c\u01a1 h\u1ed9i l\u1edbn hay s\u1ebd k\u1ebft th\u00fac m\u1ed9t chu k\u1ef3 t\u0103ng \u0111i\u1ec3m? <\/p>\n

T\u1ea1i ch\u01b0\u01a1ng tr\u00ecnh Vietstock LIVE ng\u00e0y 05\/09, c\u00e1c chuy\u00ean gia \u0111\u00e3 c\u00f3 nh\u1eefng g\u00f3c nh\u00ecn v\u1ec1 tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam trong b\u1ed1i c\u1ea3nh \u201cl\u00e0n s\u00f3ng\u201d IPO \u0111ang quay tr\u1edf l\u1ea1i, \u0111\u1ed3ng th\u1eddi chia s\u1ebb chi\u1ebfn l\u01b0\u1ee3c ph\u00f9 h\u1ee3p khi \u0111\u1ea7u t\u01b0 c\u00e1c th\u01b0\u01a1ng v\u1ee5 n\u00e0y. <\/p>\n

Nhi\u1ec1u nh\u01b0ng kh\u00f4ng d\u1ec5 \u0111\u1ec3 ch\u1ecdn l\u1ecdc<\/p>\n

M\u1ed9t ch\u1ee7 \u0111\u1ec1 r\u1ea5t n\u00f3ng trong th\u1eddi gian v\u1eeba qua l\u00e0 c\u00e1c th\u01b0\u01a1ng v\u1ee5 IPO c\u1ee7a nh\u1eefng doanh nghi\u1ec7p l\u1edbn, c\u00f3 s\u1ee9c h\u00fat \u0111ang d\u1ea7n quay tr\u1edf l\u1ea1i, m\u1edf ra k\u1ef3 v\u1ecdng c\u00f3 th\u00eam ngu\u1ed3n h\u00e0ng ch\u1ea5t l\u01b0\u1ee3ng, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam \u0111\u00e3 ph\u1ea3i ch\u1ecbu c\u1ea3nh “kh\u00f4 h\u1ea1n” c\u00e1c th\u01b0\u01a1ng v\u1ee5 IPO trong m\u1ed9t giai \u0111o\u1ea1n t\u01b0\u01a1ng \u0111\u1ed1i d\u00e0i.\u00a0<\/p>\n

Ch\u1ee9ng kho\u00e1n K\u1ef9 Th\u01b0\u01a1ng (TCBS<\/a>) \u0111ang trong qu\u00e1 tr\u00ecnh IPO, Ch\u1ee9ng kho\u00e1n VPBank<\/a> (VPBank<\/span>S) c\u00f3 th\u1ec3 IPO v\u00e0o qu\u00fd 4 n\u0103m nay, Masan Consumer (MCH<\/a>) chuy\u1ec3n t\u1eeb UPCoM sang HOSE<\/a>. Ngo\u00e0i ra, m\u1ed9t s\u1ed1 chu\u1ed7i nh\u01b0 Long Ch\u00e2u, B\u00e1ch H\u00f3a Xanh, \u0110i\u1ec7n M\u00e1y Xanh c\u0169ng c\u00f3 k\u1ebf ho\u1ea1ch IPO, nh\u01b0ng c\u00f3 th\u1ec3 d\u00e0i h\u01a1i h\u01a1n, \u0111\u00e2u \u0111\u00f3 t\u1eeb nay t\u1edbi n\u0103m 2030. <\/p>\n

Tr\u1ea3 l\u1eddi cho c\u00e2u h\u1ecfi \u0111\u00e2u l\u00e0 nh\u1eefng ti\u00eau ch\u00ed \u0111\u00e1nh gi\u00e1 tri\u1ec3n v\u1ecdng c\u1ee7a m\u1ed9t th\u01b0\u01a1ng v\u1ee5 IPO, \u00f4ng Nguy\u1ec5n Tri\u1ec7u Vinh – Ph\u00f3 Gi\u00e1m \u0111\u1ed1c Kh\u1ed1i \u0110\u1ea7u t\u01b0, Gi\u00e1m \u0111\u1ed1c \u0110\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu, C\u00f4ng ty TNHH QLQ \u0110\u1ea7u t\u01b0 Ch\u1ee9ng kho\u00e1n Vietcombank (VCBF<\/a>)<\/strong> nh\u1ea5n m\u1ea1nh vi\u1ec7c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ph\u00e2n t\u00edch th\u1eadt k\u1ef9 l\u01b0\u1ee1ng v\u1ec1 doanh nghi\u1ec7p v\u00e0 kh\u00f4ng n\u00ean tham gia ch\u1ec9 v\u1edbi k\u1ef3 v\u1ecdng c\u1ed5 phi\u1ebfu t\u0103ng ngay sau khi ni\u00eam y\u1ebft, b\u1edfi chi\u1ebfn l\u01b0\u1ee3c n\u00e0y ti\u1ec1m \u1ea9n nhi\u1ec1u r\u1ee7i ro.<\/p>\n

\u0110\u1ed1i v\u1edbi nh\u1eefng th\u01b0\u01a1ng v\u1ee5 s\u1eafp t\u1edbi, VCBF<\/span> \u0111\u1ec1u xem x\u00e9t c\u1ea9n th\u1eadn, t\u1eeb vi\u1ec7c ph\u00e2n t\u00edch m\u00f4 h\u00ecnh kinh doanh c\u1ee7a doanh nghi\u1ec7p, tri\u1ec3n v\u1ecdng ng\u00e0nh trong trung v\u00e0 d\u00e0i h\u1ea1n, tr\u1ea3 l\u1eddi c\u00e2u h\u1ecfi li\u1ec7u doanh nghi\u1ec7p c\u00f3 duy tr\u00ec \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111\u1ec3 ti\u1ebfp t\u1ee5c t\u0103ng tr\u01b0\u1edfng doanh thu v\u00e0 l\u1ee3i nhu\u1eadn hay kh\u00f4ng. N\u1ebfu c\u00f3 c\u01a1 s\u1edf ch\u1eafc ch\u1eafn r\u1eb1ng doanh nghi\u1ec7p duy tr\u00ec \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh, VCBF<\/span> m\u1edbi \u0111\u00e1nh gi\u00e1 \u0111\u1ebfn \u0111\u1ecbnh gi\u00e1 IPO, r\u1eb1ng \u0111\u1eaft hay r\u1ebb so v\u1edbi m\u1ee9c ch\u00e0o b\u00e1n. M\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn b\u00e0i b\u1ea3n nh\u01b0 v\u1eady s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00e1nh \u0111\u01b0\u1ee3c r\u1ee7i ro khi tham gia v\u00e0o m\u1ed9t th\u01b0\u01a1ng v\u1ee5 IPO. <\/p>\n

M\u1edf ra c\u01a1 h\u1ed9i hay \u0111i\u1ec3m k\u1ebft cho \u201cs\u00f3ng\u201d t\u0103ng?<\/p>\n

Theo \u00f4ng Vinh, trong qu\u00e1 tr\u00ecnh trao \u0111\u1ed5i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i th\u1eddi gian v\u1eeba qua, c\u00e2u tr\u1ea3 l\u1eddi nh\u1eadn v\u1ec1 cho l\u00fd do khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam k\u00e9m h\u1ea5p d\u1eabn l\u00e0 thi\u1ebfu c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 m\u1edbi. Sau nhi\u1ec1u n\u0103m, h\u1ecd v\u1eabn ch\u1ec9 th\u1ea5y nh\u1eefng c\u00f4ng ty c\u0169. N\u1ebfu c\u00f3 th\u00eam nh\u1eefng c\u00f4ng ty l\u1edbn, ch\u1ea5t l\u01b0\u1ee3ng \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft, th\u00ec \u0111\u00f3 l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u r\u1ea5t t\u00edch c\u1ef1c cho th\u1ecb tr\u01b0\u1eddng.<\/p>\n

D\u00f9 v\u1eady, v\u1eabn c\u00f3 nh\u1eefng nghi ng\u1ea1i v\u1ec1 k\u1ecbch b\u1ea3n th\u1ecb tr\u01b0\u1eddng b\u01b0\u1edbc v\u00e0o downtrend d\u00e0i h\u1ea1n sau c\u00e1c th\u01b0\u01a1ng v\u1ee5 IPO. \u201cTheo kinh nghi\u1ec7m c\u1ee7a t\u00f4i, khi Techcombank v\u00e0 Vinhomes IPO xong th\u00ec th\u1ecb tr\u01b0\u1eddng gi\u1ea3m r\u1ea5t m\u1ea1nh\u201d<\/em> – m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 chia s\u1ebb t\u1ea1i bu\u1ed5i livestream. <\/p>\n

V\u1ec1 ch\u1ee7 \u0111\u1ec1 n\u00e0y, \u00f4ng Nguy\u1ec5n Quang Minh – Gi\u00e1m \u0111\u1ed1c Kh\u1ed1i Nghi\u00ean c\u1ee9u Vietstock<\/strong> nh\u1ea5n m\u1ea1nh \u0111\u1ebfn y\u1ebfu t\u1ed1 chu k\u1ef3. Th\u1ef1c t\u1ebf, vi\u1ec7c th\u1ecb tr\u01b0\u1eddng gi\u1ea3m m\u1ea1nh sau khi IPO m\u1ed9t s\u1ed1 doanh nghi\u1ec7p l\u1edbn ch\u1ec9 l\u00e0 s\u1ef1 tr\u00f9ng h\u1ee3p. V\u00ed d\u1ee5, n\u0103m 2018 hay g\u1ea7n \u0111\u00e2y l\u00e0 2022, \u0111\u1ec1u c\u00f3 nhi\u1ec1u doanh nghi\u1ec7p l\u1edbn ni\u00eam y\u1ebft, nh\u01b0ng nh\u1eefng n\u0103m \u0111\u00f3 th\u1ecb tr\u01b0\u1eddng gi\u1ea3m l\u00e0 do y\u1ebfu t\u1ed1 v\u0129 m\u00f4 v\u00e0 chu k\u1ef3, ch\u1ee9 kh\u00f4ng ph\u1ea3i do c\u00e1c doanh nghi\u1ec7p IPO khi\u1ebfn th\u1ecb tr\u01b0\u1eddng gi\u1ea3m. <\/p>\n

\u201cM\u1ed9t s\u1ed1 \u00fd ki\u1ebfn tr\u00ean m\u1ea1ng x\u00e3 h\u1ed9i hay trong c\u00e1c h\u1ed9i nh\u00f3m n\u00f3i r\u1eb1ng IPO l\u00e0 nguy\u00ean nh\u00e2n l\u00e0m th\u1ecb tr\u01b0\u1eddng \u0111i xu\u1ed1ng, nh\u01b0ng theo t\u00f4i, l\u1eadp lu\u1eadn \u0111\u00f3 ch\u01b0a \u0111\u1ee7 c\u01a1 s\u1edf\u201d<\/em> – \u00f4ng Minh cho bi\u1ebft. <\/p>\n

Nh\u00ecn m\u1ed9t c\u00e1ch t\u1ed5ng quan, theo c\u00e1c chuy\u00ean gia, \u201cs\u00f3ng\u201d IPO l\u00e0 d\u1ea5u hi\u1ec7u t\u00edch c\u1ef1c, cung c\u1ea5p th\u00eam nhi\u1ec1u c\u00f4ng ty t\u1ed1t, mang l\u1ea1i c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 ch\u1ea5t l\u01b0\u1ee3ng h\u01a1n, qua \u0111\u00f3 m\u1edf ra tri\u1ec3n v\u1ecdng l\u1edbn cho th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam.<\/p>\n

Huy Kh\u1ea3i<\/a><\/p>\n

FILI<\/a><\/p>\n

– 13:00 06\/09\/2025<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

\u201cS\u00f3ng\u201d IPO m\u1edf ra c\u01a1 h\u1ed9i l\u1edbn hay s\u1ebd k\u1ebft th\u00fac m\u1ed9t chu k\u1ef3 t\u0103ng \u0111i\u1ec3m? T\u1ea1i ch\u01b0\u01a1ng tr\u00ecnh Vietstock […]<\/p>","protected":false},"author":1,"featured_media":47725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-47724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-y-kien-chuyen-gia"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/47724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=47724"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/47724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/47725"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=47724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=47724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=47724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}