嘉⽴富財富管理顧問
WEALTH 財經專刊 2 0 2 1 Jun.
/ / /
越南證券．國際⾦融．理財建議
www.carryforward2020.com/ 嘉⽴富著作權所有．傳播翻印必究 http://carryforward.com.tw
WEALTH
2021.06
Contents 01 02 03 04
140
PAGE 02
嘉⽴富著作權所有．傳播翻印必究
WEALTH MAGAZINE 2021.06
05 06 07
( VN30 )
PAGE 03
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
Sylvia Ho Mimi Huang
—
15 ~ 21
PAGE 04
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
/maybird http://www.yukz.com/vol/treasure/live/6/203-lifesurvey.html
• • • •
2 +
3 3 12
• • • • •
• • • • • (
2 20 )
•10
•10
•20
•20
• • •
• • •
5 2 2
• 10 • 6
0.5 0.5 0.5 0.5 1
• • •
5 2 2
• 10 • 6
5 2 2 • • •
• 10 • 6
5 2 2
1
• •
0 23
1 30
15 17 • • •
5 2 1 &
2 30
14 17
3 30
13 17
4 25
12 16
5 25
11 16
6
6 25
10 16
7 16 8 16
9 16
9 1 2
• 3 •
6
• • • •
• • • •
5 2 2 1
• •
1 6
• • • •
5 2 2 1
• •
2
6
• • •
5 2 2
• • •
5 2 2
• • •
5 2 2
5 2
• • •
2
1
• •
1
• • •
5 2
1
• •
1 6
• •
1 6
• •
1 6
• •
1 6
6
• •
5 2 2
1 6
16 22 17 22
18 28 • • •
• 3 •
9 1 2
• • • • 3 •
9
19 29
2
• • •
12
• 6 •
1
20 30
12 9
• • •
1
• 6 • •
1
6
(
12 9 1
1 1
21 30 • • • • 6 • •
12 9 1
1 1
22 36 • • • • 6 • • •
23 32
12 9 1
1 1 6
• • • • 8 •
12 9 1
2
24 32 • • • • 8 •
12 9 1
2
=596 )
PAGE 05
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
500
M
1
07
FED
2 2
02 19
QE
3
17
2024 1
FED
2024 2023 3
FED
2023
3 3
18 19
8
4
14
4 4
21 23
QE
5
04
Fed
5
05
1 FED
2022 2022 2 3
6
3
FED
PAGE 06
嘉⽴富著作權所有．傳播翻印必究
WEALTH
✤
2021.06
FED
FED 6
17
✤
M
✤
✤
10% 1983
500
50%
PAGE 07
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
個股介紹—丹森⽔上樂園股份公司 股票代碼：DSN 證交所：HOSE 產業：觀光
1998
8
29 439
2010
10
2021
5
26 4
1208 Covid-19
(2020/04/15 ✤
❖
✤
❖
44.93%
✤
❖
21.53%
)
33.54 %
✤ ✤
21.53% 33.54%
44.93% PAGE 08
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2017
2021.06
2019
2018
2020
(
)
243
100%
264
100%
276
100%
224
100%
(
)
11
27.45%
18
19.00%
28
17.79%
18
10.37%
232
72.55%
246
81.00%
248
82.21%
206
89.63%
(
)
(
)
196
217
219
84
(
)
89
96
95
41
(
)
6.26
6.74
6.7
2.89
(
)
5.6
6.5
6.0
2.5
( (
)
53.00
65.40
52.60
64.70
56.00
62.50
40.80
58.80
)
9.46
11.68
7.80
9.60
8.36
9.33
14.12
20.35
ROE(%)
39.84
40.08
38.57
18.11
ROA(%)
38.31
37.77
35.27
16.44
DSN
VN
PAGE 09
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
資料來源: http://ta.vietstock.vn
140 140
3.3
3940
Covid-19 “
” —
Covid-19
Covid-19
FDI
2020 2.91 2020 2021 2021
“ 6.7%
PPP
” 3.3
2021
3940 140 FDI 122.5 24.7% FDI
”
(RCEP) (CPTPP)
-
(EVFTA)
“ G20
55 FDI
PAGE 10
資訊來源：富鑫證券https://www.phs.vn
WEALTH
2021.06
2020 2020 157
10
2020 172
2019
3%
2018
6% 2020 2020 GDP GDP
5% 10
(KNOMAD) Covid-19
2016-2020 2020 5400
2019
1.6%
89 13 6
38 2
PAGE 11
資訊來源：富鑫證券https://www.phs.vn
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
2021
Moody’s
S&P
Fitch “
”
2020
FDI
2021
5
21 16
PAGE 12
資訊來源：富鑫證券https://www.phs.vn
嘉⽴富著作權所有．傳播翻印必究
WEALTH
(SSI)
10
2021.06
(MSN) 100%
4
(SSC)
19 10
SSI
VCI
48.40%
122,000 HSC
(Masan Group MSN) 100% 2017
108,000 SHS
94,000 6.5
2020
8,822 7,787 66.41% 3.95 MSN
7.8 1,035 33.59%
20SK Group
40 Investment Vina I
SSI Nguyen Duy Hung 5 22
SSI
2021
9.35% 1.048
SK
1.099 Ardolis Investment 8.93%
52,630 18,700
2020 20
29
PAGE 13
資訊來源：富鑫證券https://www.phs.vn
嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
(MSN) CrownX
4
(MSN) (Alibaba) (Baring Private Equity Asia Group, BPEA) 18
BPEA CrownX
The CrownX The CrownX 5.5
4 The CrownX
3
4
Masan Consumer VinCommerce The CrownX 69 93.5 The CrownX 80.2 CrownX Lazada
Nguyen Dang 1996
VinCommerce
( DRC
2020 CrownX Quang
/ / )
(
/ / )
10%
06/07/2021
06/28/2021
2020 2020
SMC
SMC
5%
06/03/2021
05/18/2021
L10
Lilama 10
10%
06/03/2021
06/25/2021
2020
CLW
Cholon
12%
06/02/2021
07/19/2021
2020
5%
05/31/2021
06/11/2021
2020
HPG
35%
HPG UIC
IDICO
DTT PGC
PAGE 14
PETROLIMEX
2020
05/31/2021
10%
05/28/2021
06/10/2021
2020
7%
05/28/2021
07/20/2021
2020
2%
05/28/2021
06/25/2021
2020
資訊來源：富鑫證券 https://www.phs.vn 嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
—
EQ
TEL : 02 2553 - 0398 ADD : 136
12
2 (
) (15
/
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嘉⽴富著作權所有．傳播翻印必究
WEALTH
2021.06
VN30
股價×1,000越盾
BID
BVH
CTG FPT
FPT
GAS
HDB
HPG
2021/01/04
2021/05/01
2021/05/24
47.75
40
46
15.00%
-3.66%
67
56
54.3
-3.04%
-18.96%
35
40.05
51.2
27.84%
46.29%
59.6
80
93.5
16.88%
56.88%
87.9
83
82
-1.20%
-6.71%
24.15
26.65
31.75
19.14%
31.47%
42
57.3
65.4
14.14%
55.71%
29.5
35
37.45
7.00%
26.95%
23.4
29.6
34.75
17.40%
48.50%
91
98
112
14.29%
23.08%
119.5
138.5
146
5.42%
22.18%
64.94
131.4
135
2.74%
107.88%
46.75
70.2
76.4
8.83%
63.42%
55
50
56.3
12.60%
2.36%
80.72
96.1
101.9
6.04%
26.24%
13.9
11.95
11.8
-1.26%
-15.11%
49.55
58
59.1
1.90%
19.27%
KDH
MBB MSN
MWG NVL
PDR PLX
PNJ
POW
REE
SBT
21.2
19.6
19.95
1.79%
-5.90%
SSI
34.5
31.8
39.8
25.16%
15.36%
STB
17.05
23.3
28.9
24.03%
69.50%
TCB
32
40.3
50.9
26.30%
59.06%
20.1
21.35
23.5
10.07%
16.92%
27.65
26.95
33.35
23.75%
20.61%
98
99
97.4
-1.62%
-0.61%
91
98
106
8.16%
16.48%
TCH TPB VCB
VHM
VIC
108.5
130.6
122.1
-6.51%
12.53%
VJC
125.2
124.9
113.5
-9.13%
-9.35%
VNM
108.69
93
91.2
-1.94%
-16.09%
32.9
57.1
66.7
16.81%
102.74%
31.5
31.5
30.85
-2.06%
-2.06%
1113.77
1287.5
1297.98
0.81%
16.54%
18.5
22
25.5
15.91%
37.84%
VPB VRE
ETF
VN30 ETF
嘉⽴富著作權所有．傳播翻印必究