{"id":13920,"date":"2026-05-07T10:38:14","date_gmt":"2026-05-07T03:38:14","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/07\/co-phieu-chung-khoan-hcm-but-pha-nho-chien-luoc-tang-von\/"},"modified":"2026-05-07T10:38:14","modified_gmt":"2026-05-07T03:38:14","slug":"co-phieu-chung-khoan-hcm-but-pha-nho-chien-luoc-tang-von","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/07\/co-phieu-chung-khoan-hcm-but-pha-nho-chien-luoc-tang-von\/","title":{"rendered":"C\u1ed5 phi\u1ebfu ch\u1ee9ng kho\u00e1n HCM b\u1ee9t ph\u00e1 nh\u1edd chi\u1ebfn l\u01b0\u1ee3c t\u0103ng v\u1ed1n"},"content":{"rendered":"
\n

C\u1ed5 phi\u1ebfu ch\u1ee9ng kho\u00e1n HCM c\u1ee7a CTCP Ch\u1ee9ng kho\u00e1n TP.HCM (HSC) v\u1eeba ghi d\u1ea5u \u1ea5n \u0111\u1eadm n\u00e9t tr\u00ean s\u00e0n giao d\u1ecbch khi b\u1eadt t\u0103ng k\u1ecbch tr\u1ea7n trong phi\u00ean 6\/5, ch\u1ed1t phi\u00ean t\u1ea1i m\u1ee9c gi\u00e1 28.450 \u0111\u1ed3ng\/cp. \u0110\u1ed9ng th\u00e1i n\u00e0y kh\u00f4ng ch\u1ec9 \u0111\u01b0a th\u1ecb gi\u00e1 HCM l\u00ean v\u00f9ng cao nh\u1ea5t trong 8 th\u00e1ng qua m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o l\u1ed9 tr\u00ecnh t\u0103ng v\u1ed1n \u0111\u1ea7y tham v\u1ecdng c\u1ee7a doanh nghi\u1ec7p. S\u1ef1 b\u1ee9t ph\u00e1 c\u1ee7a HCM c\u0169ng g\u00f3p ph\u1ea7n c\u1ed9ng h\u01b0\u1edfng v\u00e0o s\u1eafc xanh chung c\u1ee7a nh\u00f3m ng\u00e0nh ch\u1ee9ng kho\u00e1n, n\u01a1i nhi\u1ec1u m\u00e3 kh\u00e1c nh\u01b0 SHS, SSI hay VIX \u0111\u1ed3ng lo\u1ea1t thu h\u00fat d\u00f2ng ti\u1ec1n m\u1ea1nh m\u1ebd.<\/p>\n

\n \"C\u1ed5
\u1ea2nh t\u1eeb ngu\u1ed3n: cafef.vn<\/em><\/figcaption><\/figure>\n

B\u1ea3n ch\u1ea5t \u0111\u1eb1ng sau \u0111\u00e0 t\u0103ng c\u1ee7a c\u1ed5 phi\u1ebfu ch\u1ee9ng kho\u00e1n HCM<\/h2>\n

Vi\u1ec7c c\u1ed5 phi\u1ebfu ch\u1ee9ng kho\u00e1n HCM t\u0103ng tr\u01b0\u1edfng kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng t\u1ee9c th\u1eddi m\u00e0 l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a m\u1ed9t xu h\u01b0\u1edbng t\u00edch l\u0169y k\u00e9o d\u00e0i t\u1eeb cu\u1ed1i th\u00e1ng 3. Ch\u1ec9 sau h\u01a1n m\u1ed9t th\u00e1ng, th\u1ecb gi\u00e1 c\u1ee7a m\u00e3 n\u00e0y \u0111\u00e3 ghi nh\u1eadn m\u1ee9c t\u0103ng \u1ea5n t\u01b0\u1ee3ng kho\u1ea3ng 50%. Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t s\u1ef1 vi\u1ec7c, l\u1ef1c \u0111\u1ea9y quan tr\u1ecdng nh\u1ea5t ch\u00ednh l\u00e0 th\u00f4ng tin H\u0110QT HSC \u0111\u00e3 th\u00f4ng qua b\u1ed9 h\u1ed3 s\u01a1 \u0111\u0103ng k\u00fd ch\u00e0o b\u00e1n g\u1ea7n 270 tri\u1ec7u c\u1ed5 phi\u1ebfu cho c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu. V\u1edbi t\u1ef7 l\u1ec7 th\u1ef1c hi\u1ec7n quy\u1ec1n 4:1 v\u00e0 gi\u00e1 ch\u00e0o b\u00e1n 10.000 \u0111\u1ed3ng\/cp, \u0111\u00e2y l\u00e0 b\u01b0\u1edbc \u0111i chi\u1ebfn l\u01b0\u1ee3c nh\u1eb1m b\u1ed5 sung ngu\u1ed3n l\u1ef1c t\u00e0i ch\u00ednh, chu\u1ea9n b\u1ecb cho nh\u1eefng chu k\u1ef3 kinh doanh ti\u1ebfp theo.<\/p>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 khi c\u00e1c doanh nghi\u1ec7p m\u1edf r\u1ed9ng quy m\u00f4, r\u1ee7i ro t\u00e0i ch\u00ednh th\u01b0\u1eddng \u0111i k\u00e8m v\u1edbi c\u01a1 h\u1ed9i. Tuy nhi\u00ean, theo chia s\u1ebb t\u1eeb T\u1ed5ng Gi\u00e1m \u0111\u1ed1c HSC Tr\u1ecbnh Ho\u00e0i Giang t\u1ea1i \u0110\u1ea1i h\u1ed9i \u0111\u1ed3ng c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng ni\u00ean 2026, vi\u1ec7c t\u0103ng v\u1ed1n hi\u1ec7n nay kh\u00f4ng ch\u1ec9 l\u00e0 l\u1ef1a ch\u1ecdn m\u00e0 l\u00e0 s\u1ef1 c\u1ea7n thi\u1ebft. Trong b\u1ed1i c\u1ea3nh ho\u1ea1t \u0111\u1ed9ng margin th\u01b0\u1eddng xuy\u00ean ti\u1ec7m c\u1eadn gi\u1edbi h\u1ea1n an to\u00e0n t\u00e0i ch\u00ednh, vi\u1ec7c b\u1ed5 sung ngu\u1ed3n l\u1ef1c s\u1ebd m\u1edf ra d\u01b0 \u0111\u1ecba \u0111\u1ec3 c\u00f4ng ty \u0111\u1ea9y m\u1ea1nh cho vay, \u0111\u1ed3ng th\u1eddi n\u00e2ng cao v\u1ecb th\u1ebf trong vi\u1ec7c huy \u0111\u1ed9ng v\u1ed1n t\u1eeb c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i. \u0110\u00e1ng ch\u00fa \u00fd, \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 n\u1ed7 l\u1ef1c duy nh\u1ea5t khi HSC c\u00f2n l\u00ean k\u1ebf ho\u1ea1ch ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ESOP v\u00e0 ch\u00e0o b\u00e1n ri\u00eang l\u1ebb \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n.<\/p>\n

Chi\u1ebfn l\u01b0\u1ee3c t\u0103ng v\u1ed1n trong b\u1ee9c tranh t\u00e0i ch\u00ednh t\u1ed5ng th\u1ec3<\/h2>\n

\u0110\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee5c ti\u00eau doanh thu 6.567 t\u1ef7 \u0111\u1ed3ng v\u00e0 l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf 2.302 t\u1ef7 \u0111\u1ed3ng trong n\u0103m 2026, HSC \u0111ang v\u1eadn h\u00e0nh m\u1ed9t c\u1ed7 m\u00e1y t\u00e0i ch\u00ednh v\u1edbi c\u01b0\u1eddng \u0111\u1ed9 cao. B\u00e1o c\u00e1o t\u00e0i ch\u00ednh qu\u00fd 1\/2026 \u0111\u00e3 cho th\u1ea5y nh\u1eefng con s\u1ed1 bi\u1ebft n\u00f3i v\u1edbi l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc thu\u1ebf t\u0103ng 28% v\u00e0 doanh thu t\u1eeb m\u1ea3ng m\u00f4i gi\u1edbi, t\u1ef1 doanh c\u00f9ng l\u00e3i t\u1eeb c\u00e1c kho\u1ea3n cho vay \u0111\u1ec1u t\u0103ng tr\u01b0\u1edfng m\u1ea1nh. Trong \u0111\u00f3, d\u01b0 n\u1ee3 cho vay margin hi\u1ec7n \u0111\u00e3 ch\u1ea1m m\u1ee9c h\u01a1n 28.000 t\u1ef7 \u0111\u1ed3ng, minh ch\u1ee9ng cho nhu c\u1ea7u th\u1ef1c t\u1ebf v\u1ec1 v\u1ed1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng. \u0110i\u1ec1u n\u00e0y khi\u1ebfn ng\u01b0\u1eddi ta nh\u1edb \u0111\u1ebfn nh\u1eefng c\u00e2u chuy\u1ec7n v\u1ec1 s\u1ef1 qu\u1ea3n tr\u1ecb b\u1ec1n v\u1eefng, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1ch c\u00e1c doanh nghi\u1ec7p s\u1ea3n xu\u1ea5t ph\u1ea3i li\u00ean t\u1ee5c c\u1ea3i ti\u1ebfn h\u1ec7 th\u1ed1ng nh\u01b0 trong b\u00e0i vi\u1ebft Core t\u1ef1 ch\u1ee7 chu\u1ea9n H\u00e0n Qu\u1ed1c mang l\u1ea1i l\u1ee3i \u00edch g\u00ec cho nh\u00e0 \u0111\u1ea7u t\u01b0?<\/a>. S\u1ef1 t\u1eadp trung v\u00e0o gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i thay v\u00ec ph\u00e2n t\u00e1n ngu\u1ed3n l\u1ef1c c\u0169ng \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n r\u00f5 qua vi\u1ec7c HSC quy\u1ebft \u0111\u1ecbnh t\u1ea1m r\u00fat kh\u1ecfi c\u00e1c cu\u1ed9c ch\u01a1i t\u00e0i s\u1ea3n m\u00e3 h\u00f3a, m\u1ed9t h\u01b0\u1edbng \u0111i th\u1eadn tr\u1ecdng \u0111\u1ec3 \u01b0u ti\u00ean ngu\u1ed3n v\u1ed1n cho ho\u1ea1t \u0111\u1ed9ng c\u1ed1t l\u00f5i.<\/p>\n

S\u1ef1 v\u1eadn \u0111\u1ed9ng c\u1ee7a c\u00e1c doanh nghi\u1ec7p tr\u00ean th\u1ecb tr\u01b0\u1eddng lu\u00f4n mang t\u00ednh chu k\u1ef3 v\u00e0 ch\u1ecbu \u1ea3nh h\u01b0\u1edfng t\u1eeb nhi\u1ec1u y\u1ebfu t\u1ed1 ngo\u1ea1i c\u1ea3nh. Gi\u1ed1ng nh\u01b0 c\u00e1ch c\u00e1c doanh nghi\u1ec7p ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c n\u1ed9i t\u1ea1i \u0111\u1ec3 duy tr\u00ec v\u1ecb th\u1ebf, v\u00ed d\u1ee5 nh\u01b0 tr\u01b0\u1eddng h\u1ee3p \u0110\u1ed3 h\u1ed9p H\u1ea1 Long b\u00e1o l\u1ed7 v\u00e0 nh\u1eefng h\u1ec7 l\u1ee5y t\u1eeb kh\u1ee7ng ho\u1ea3ng ch\u1ea5t l\u01b0\u1ee3ng<\/a>, m\u1ed7i quy\u1ebft \u0111\u1ecbnh t\u00e0i ch\u00ednh c\u1ee7a HSC \u0111\u1ec1u ph\u1ea3n \u00e1nh t\u01b0 duy qu\u1ea3n tr\u1ecb tr\u01b0\u1edbc nh\u1eefng bi\u1ebfn \u0111\u1ed9ng. Vi\u1ec7c ph\u00e2n b\u1ed5 ngu\u1ed3n v\u1ed1n m\u1edbi v\u00e0o ho\u1ea1t \u0111\u1ed9ng margin \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd l\u00e0 \u0111\u00f2n b\u1ea9y gi\u00fap HSC duy tr\u00ec \u0111\u00e0 t\u0103ng tr\u01b0\u1edfng trong b\u1ed1i c\u1ea3nh thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng v\u1eabn l\u00e0 t\u00e2m \u0111i\u1ec3m thu h\u00fat s\u1ef1 ch\u00fa \u00fd. B\u00ean c\u1ea1nh \u0111\u00f3, vi\u1ec7c duy tr\u00ec ch\u00ednh s\u00e1ch minh b\u1ea1ch v\u1edbi c\u1ed5 \u0111\u00f4ng c\u0169ng l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 vi\u1ec7c c\u00e1c doanh nghi\u1ec7p th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5 chi tr\u1ea3 quy\u1ec1n l\u1ee3i nh\u01b0 May S\u00f4ng H\u1ed3ng chia c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n m\u1eb7t t\u1ef7 l\u1ec7 10% cho c\u1ed5 \u0111\u00f4ng<\/a>.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: cafef.vn<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

C\u1ed5 phi\u1ebfu ch\u1ee9ng kho\u00e1n HCM c\u1ee7a CTCP Ch\u1ee9ng kho\u00e1n TP.HCM (HSC) v\u1eeba ghi d\u1ea5u \u1ea5n \u0111\u1eadm n\u00e9t tr\u00ean s\u00e0n giao d\u1ecbch khi b\u1eadt t\u0103ng k\u1ecbch tr\u1ea7n trong phi\u00ean 6\/5, ch\u1ed1t phi\u00ean t\u1ea1i m\u1ee9c gi\u00e1 28.450 \u0111\u1ed3ng\/cp. \u0110\u1ed9ng th\u00e1i n\u00e0y kh\u00f4ng ch\u1ec9 \u0111\u01b0a th\u1ecb gi\u00e1 HCM l\u00ean v\u00f9ng cao nh\u1ea5t trong 8 th\u00e1ng qua m\u00e0 c\u00f2n […]<\/p>\n","protected":false},"author":1,"featured_media":13919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-13920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tong-quan-thi-truong"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=13920"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/13919"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=13920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=13920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=13920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}