{"id":31374,"date":"2023-12-07T10:35:24","date_gmt":"2023-12-07T10:35:24","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chong-pha-loang-co-phieu-antidilutive-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T08:01:34","modified_gmt":"2023-12-23T01:01:34","slug":"chong-pha-loang-co-phieu-antidilutive-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chong-pha-loang-co-phieu-antidilutive-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"Ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu (Antidilutive) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Lyonhurstlife.co.uk<\/p>\n<\/div>\n<\/div>\n

Ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 antidilutive<\/b>.<\/p>\n

Kh\u00e1i ni\u1ec7m ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/b> \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 ch\u1ec9 k\u1ebft qu\u1ea3 t\u1eeb nh\u1eefng ho\u1ea1t \u0111\u1ed9ng nh\u01b0: mua l\u1ea1i c\u1ed5 phi\u1ebfu qu\u0129, chuy\u1ec3n \u0111\u1ed5i c\u1ed5 phi\u1ebfu, hay c\u00e1c ho\u1ea1t \u0111\u1ed9ng h\u1ee3p nh\u1ea5t (nh\u01b0 vi\u1ec7c mua l\u1ea1i c\u00f4ng ty b\u1eb1ng c\u00e1ch ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu th\u01b0\u1eddng hay nh\u1eefng lo\u1ea1i c\u1ed5 phi\u1ebfu kh\u00e1c) m\u00e0 c\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn thu nh\u1eadp tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu (EPS) v\u00e0 quy\u1ec1n b\u1ecf phi\u1ebfu c\u1ee7a nh\u1eefng c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i.<\/p>\n

M\u1ed9t ho\u1ea1t \u0111\u1ed9ng \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/b> khi n\u00f3 gi\u00fap duy tr\u00ec hay l\u00e0m t\u0103ng quy\u1ec1n b\u1ecf phi\u1ebfu v\u00e0 EPS c\u1ee7a nh\u1eefng c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i, b\u1eb1ng c\u00e1ch l\u00e0m gi\u1ea3m s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu tr\u00f4i n\u1ed5i ho\u1eb7c l\u00e0m t\u0103ng l\u1ee3i nhu\u1eadn c\u1ee7a c\u00f4ng ty.<\/p>\n

Ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/b> c\u0169ng li\u00ean quan \u0111\u1ebfn quy\u1ec1n s\u1edf h\u1eefu. Nh\u01b0 khi c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i c\u00f3 quy\u1ec1n mua c\u1ed5 phi\u1ebfu ph\u00e1t h\u00e0nh th\u00eam \u0111\u1ec3 tr\u00e1nh b\u1ecb gi\u1ea3m t\u1ec9 l\u1ec7 s\u1edf h\u1eefu hi\u1ec7n t\u1ea1i. Vi\u1ec7c n\u00e0y g\u1ecdi l\u00e0 quy\u1ec1n mua ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu. N\u00f3 gi\u00fap cho c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 mua th\u00eam c\u1ed5 phi\u1ebfu trong \u0111\u1ee3t ph\u00e1t h\u00e0nh n\u00e0y \u0111\u1ec3 duy tr\u00ec t\u1ec9 l\u1ec7 b\u1ecf phi\u1ebfu v\u00e0 t\u1ec9 l\u1ec7 nh\u1eadn l\u1ee3i nhu\u1eadn tr\u00ean c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty.<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/font><\/h3>\n

M\u1eb7c d\u00f9 th\u01b0\u1eddng \u0111\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 ch\u1ec9 nh\u1eefng c\u1ed5 phi\u1ebfu chuy\u1ec3n \u0111\u1ed5i m\u00e0 khi th\u1ef1c hi\u1ec7n chuy\u1ec3n \u0111\u1ed5i c\u00f3 th\u1ec3 l\u00e0m t\u0103ng EPS hi\u1ec7n t\u1ea1i, kh\u00e1i ni\u1ec7m v\u1ec1 ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu hi\u1ec7n nay r\u1ed9ng h\u01a1n nh\u01b0 v\u1eady. N\u00f3 ch\u1ec9 chung t\u1ea5t c\u1ea3 nh\u1eefng ho\u1ea1t \u0111\u1ed9ng gi\u00fap c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i duy tr\u00ec ho\u1eb7c gia t\u0103ng quy\u1ec1n b\u1ecf phi\u1ebfu v\u00e0 s\u1ed1 l\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu.<\/p>\n

V\u00ed d\u1ee5 v\u1ec1 ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/font><\/h3>\n

L\u1ea5y v\u00ed d\u1ee5 c\u00f4ng ty A \u0111ang c\u00f3 n\u0103m c\u1ed5 \u0111\u00f4ng v\u00e0 m\u1ed7i ng\u01b0\u1eddi n\u1eafm gi\u1eef 10% c\u1ed5 ph\u1ea7n. N\u1ebfu c\u00f4ng ty A quy\u1ebft \u0111\u1ecbnh ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu \u0111\u1ec3 thu h\u00fat th\u00eam nh\u00e0 \u0111\u1ea7u t\u01b0, t\u1ec9 l\u1ec7 c\u1ed5 ph\u1ea7n c\u1ee7a n\u0103m c\u1ed5 \u0111\u1ed9ng hi\u1ec7n t\u1ea1i s\u1ebd gi\u1ea3m xu\u1ed1ng khi c\u00f3 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0o. H\u00e0nh \u0111\u1ed9ng n\u00e0y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 pha lo\u00e3ng c\u1ed5 phi\u1ebfu. N\u1ebfu c\u00f4ng ty A c\u00f3 ch\u00ednh s\u00e1ch ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu, c\u00f4ng ty s\u1ebd trao quy\u1ec1n mua cho n\u0103m c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i \u0111\u1ec3 h\u1ecd c\u00f3 th\u1ec3 duy tr\u00ec \u0111\u01b0\u1ee3c t\u1ec9 l\u1ec7 10%.<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ch\u1ed1ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu (ti\u1ebfng Anh: Antidilutive) l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a nh\u1eefng ho\u1ea1t \u0111\u1ed9ng gi\u00fap duy tr\u00ec hay l\u00e0m t\u0103ng quy\u1ec1n b\u1ecf phi\u1ebfu v\u00e0 EPS c\u1ee7a nh\u1eefng c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31374"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=31374"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31374\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}