{"id":2859,"date":"2025-10-19T13:25:11","date_gmt":"2025-10-19T06:25:11","guid":{"rendered":"https:\/\/ckvn.net\/chung-khoan\/?p=2859"},"modified":"2025-10-19T13:44:10","modified_gmt":"2025-10-19T06:44:10","slug":"nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua","status":"publish","type":"post","link":"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/","title":{"rendered":"Nam Long (NLG): M\u1edf kh\u00f3a qu\u1ef9 \u0111\u1ea5t \u0110\u1ed3ng Nai, m\u1ee5c ti\u00eau gi\u00e1 46.x \u0111\u1ed3ng\/cp (Gia\u0301 \u0111i\u00ea\u0300u chi\u0309nh sau ch\u00f4\u0301t quy\u00ea\u0300n mua t\u1ef7 l\u1ec7 100:26, gi\u00e1 25.000\u0111\/CP)"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/nam-long-nlg.jpeg\" alt=\"\" class=\"wp-image-2868\" srcset=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/nam-long-nlg.jpeg 1024w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/nam-long-nlg-300x169.jpeg 300w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/nam-long-nlg-768x432.jpeg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>C\u00f4ng ty Ch\u1ee9ng kho\u00e1n BSC v\u1eeba c\u00f4ng b\u1ed1 b\u00e1o c\u00e1o c\u1eadp nh\u1eadt \u0111\u1ed1i v\u1edbi CTCP \u0110\u1ea7u t\u01b0 Nam Long (NLG) ng\u00e0y 1\/10\/2025, duy tr\u00ec khuy\u1ebfn ngh\u1ecb MUA v\u1edbi gi\u00e1 m\u1ee5c ti\u00eau 50.100 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu, t\u01b0\u01a1ng \u1ee9ng m\u1ee9c t\u0103ng k\u1ef3 v\u1ecdng 24,6% so v\u1edbi gi\u00e1 hi\u1ec7n t\u1ea1i 40.200 \u0111\u1ed3ng\/cp.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >N\u1ed9i dung<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-6a220edd19a59\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-6a220edd19a59\"  type=\"checkbox\" id=\"item-6a220edd19a59\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Tong_quan_doanh_nghiep\" title=\"T\u1ed5ng quan doanh nghi\u1ec7p\">T\u1ed5ng quan doanh nghi\u1ec7p<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Luan_diem_dau_tu_chinh\" title=\"Lu\u1eadn \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 ch\u00ednh\">Lu\u1eadn \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 ch\u00ednh<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Tang_truong_loi_nhuan_manh_me\" title=\"T\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn m\u1ea1nh m\u1ebd\">T\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn m\u1ea1nh m\u1ebd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Quy_dat_lon_huong_loi_ha_tang\" title=\"Qu\u1ef9 \u0111\u1ea5t l\u1edbn, h\u01b0\u1edfng l\u1ee3i h\u1ea1 t\u1ea7ng\">Qu\u1ef9 \u0111\u1ea5t l\u1edbn, h\u01b0\u1edfng l\u1ee3i h\u1ea1 t\u1ea7ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Dinh_gia_hap_dan\" title=\"\u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn\">\u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Du_an_va_doanh_so_mo_ban\" title=\"D\u1ef1 \u00e1n v\u00e0 doanh s\u1ed1 m\u1edf b\u00e1n\">D\u1ef1 \u00e1n v\u00e0 doanh s\u1ed1 m\u1edf b\u00e1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Ke_hoach_huy_dong_von_quy_42025\" title=\"K\u1ebf ho\u1ea1ch huy \u0111\u1ed9ng v\u1ed1n qu\u00fd 4\/2025\">K\u1ebf ho\u1ea1ch huy \u0111\u1ed9ng v\u1ed1n qu\u00fd 4\/2025<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Dinh_gia_va_trien_vong\" title=\"\u0110\u1ecbnh gi\u00e1 v\u00e0 tri\u1ec3n v\u1ecdng\">\u0110\u1ecbnh gi\u00e1 v\u00e0 tri\u1ec3n v\u1ecdng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Cac_dieu_chinh_trong_dinh_gia\" title=\"C\u00e1c \u0111i\u1ec1u ch\u1ec9nh trong \u0111\u1ecbnh gi\u00e1:\">C\u00e1c \u0111i\u1ec1u ch\u1ec9nh trong \u0111\u1ecbnh gi\u00e1:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#So_sanh_voi_cac_doanh_nghiep_cung_nganh\" title=\"So s\u00e1nh v\u1edbi c\u00e1c doanh nghi\u1ec7p c\u00f9ng ng\u00e0nh\">So s\u00e1nh v\u1edbi c\u00e1c doanh nghi\u1ec7p c\u00f9ng ng\u00e0nh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Chi_so_tai_chinh_noi_bat\" title=\"Ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh n\u1ed5i b\u1eadt\">Ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh n\u1ed5i b\u1eadt<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/ckvn.net\/chung-khoan\/phan-tich\/doanh-nghiep\/nam-long-nlg-mo-khoa-quy-dat-dong-nai-muc-tieu-gia-50-100-dong-cp-khuyen-nghi-mua\/#Ket_luan\" title=\"K\u1ebft lu\u1eadn\">K\u1ebft lu\u1eadn<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tong_quan_doanh_nghiep\"><\/span>T\u1ed5ng quan doanh nghi\u1ec7p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>M\u00e3 c\u1ed5 phi\u1ebfu: NLG (HSX)<\/li>\n\n\n\n<li>Gi\u00e1 m\u1ee5c ti\u00eau: 50.100 \u0111\u1ed3ng\/cp (Gia\u0301 \u0111i\u00ea\u0300u chi\u0309nh sau ch\u00f4\u0301t quy\u00ea\u0300n mua t\u1ef7 l\u1ec7 100:26, gi\u00e1 25.000\u0111\/CP la\u0300 46.x)<\/li>\n\n\n\n<li>Upside: +24,6%<\/li>\n\n\n\n<li>V\u1ed1n h\u00f3a: 16.289 t\u1ef7 \u0111\u1ed3ng<\/li>\n\n\n\n<li>S\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i: 10,3%<\/li>\n<\/ul>\n\n\n\n<p>BSC \u0111\u00e1nh gi\u00e1 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng c\u1ee7a Nam Long trong giai \u0111o\u1ea1n 2025\u20132027, nh\u1edd v\u00e0o vi\u1ec7c tri\u1ec3n khai c\u00e1c d\u1ef1 \u00e1n tr\u1ecdng \u0111i\u1ec3m v\u00e0 m\u1edf r\u1ed9ng qu\u1ef9 \u0111\u1ea5t t\u1ea1i khu v\u1ef1c \u0110\u1ed3ng Nai \u2013 Long An.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Luan_diem_dau_tu_chinh\"><\/span>Lu\u1eadn \u0111i\u1ec3m \u0111\u1ea7u t\u01b0 ch\u00ednh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tang_truong_loi_nhuan_manh_me\"><\/span>T\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn m\u1ea1nh m\u1ebd<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul>\n<li>L\u1ee3i nhu\u1eadn r\u00f2ng d\u1ef1 ki\u1ebfn t\u0103ng b\u00ecnh qu\u00e2n 39%\/n\u0103m (CAGR) trong giai \u0111o\u1ea1n 2025\u20132027.<\/li>\n\n\n\n<li>\u0110\u1ed9ng l\u1ef1c \u0111\u1ebfn t\u1eeb hai d\u1ef1 \u00e1n cao c\u1ea5p: Izumi City (\u0110\u1ed3ng Nai) v\u00e0 Paragon \u0110\u1ea1i Ph\u01b0\u1edbc.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quy_dat_lon_huong_loi_ha_tang\"><\/span>Qu\u1ef9 \u0111\u1ea5t l\u1edbn, h\u01b0\u1edfng l\u1ee3i h\u1ea1 t\u1ea7ng<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul>\n<li>Waterpoint giai \u0111o\u1ea1n 2 (190 ha, Long An) do Nam Long s\u1edf h\u1eefu 100% v\u1ed1n.<\/li>\n\n\n\n<li>D\u1ef1 \u00e1n h\u01b0\u1edfng l\u1ee3i t\u1eeb <strong>V\u00e0nh \u0111ai 3<\/strong> v\u00e0 s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a c\u00e1c d\u1ef1 \u00e1n l\u00e2n c\u1eadn nh\u01b0 Vinhomes v\u00e0 Ecopark.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dinh_gia_hap_dan\"><\/span>\u0110\u1ecbnh gi\u00e1 h\u1ea5p d\u1eabn<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul>\n<li>NLG hi\u1ec7n giao d\u1ecbch \u1edf P\/B 2025F = 1,53x, th\u1ea5p h\u01a1n trung b\u00ecnh ng\u00e0nh (1,8x).<\/li>\n\n\n\n<li>\u00c1p l\u1ef1c b\u00e1n t\u1eeb c\u1ed5 \u0111\u00f4ng l\u1edbn (Ibeworth, \u0110\u1ea7u t\u01b0 Th\u00e1i B\u00ecnh) \u0111\u00e3 gi\u1ea3m, gi\u00fap c\u1ed5 phi\u1ebfu \u1ed5n \u0111\u1ecbnh h\u01a1n.<\/li>\n<\/ul>\n\n\n\n<p><strong>K\u1ebft qu\u1ea3 kinh doanh d\u1ef1 ph\u00f3ng<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Ch\u1ec9 ti\u00eau (t\u1ef7 \u0111\u1ed3ng)<\/th><th>2024<\/th><th>2025F<\/th><th>2026F<\/th><th>2027F<\/th><\/tr><\/thead><tbody><tr><td>Doanh thu thu\u1ea7n<\/td><td>7.196<\/td><td>6.222 (-14%)<\/td><td>5.331 (-14%)<\/td><td>4.209 (-21%)<\/td><\/tr><tr><td>L\u1ee3i nhu\u1eadn sau thu\u1ebf C\u0110CT<\/td><td>512<\/td><td>725 (+42%)<\/td><td>871 (+20%)<\/td><td>1.411 (+62%)<\/td><\/tr><tr><td>EPS (\u0111\u1ed3ng)<\/td><td>1.212<\/td><td>1.808<\/td><td>2.171<\/td><td>3.517<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul>\n<li>N\u0103m 2025: doanh thu gi\u1ea3m do d\u1eddi ti\u1ebfn \u0111\u1ed9 b\u00e0n giao Southgate, nh\u01b0ng l\u1ee3i nhu\u1eadn t\u0103ng nh\u1edd tho\u00e1i v\u1ed1n 15% Izumi (250 t\u1ef7 \u0111\u1ed3ng).<\/li>\n\n\n\n<li>N\u0103m 2026\u20132027: l\u1ee3i nhu\u1eadn t\u0103ng m\u1ea1nh nh\u1edd b\u00e0n giao Izumi v\u00e0 Paragon \u0110\u1ea1i Ph\u01b0\u1edbc.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Du_an_va_doanh_so_mo_ban\"><\/span>D\u1ef1 \u00e1n v\u00e0 doanh s\u1ed1 m\u1edf b\u00e1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>Doanh s\u1ed1 m\u1edf b\u00e1n m\u1edbi 2025: 7.422 t\u1ef7 \u0111\u1ed3ng (+43% YoY)<\/li>\n\n\n\n<li>N\u0103m 2026: 13.491 t\u1ef7 \u0111\u1ed3ng (+82% YoY)<\/li>\n\n\n\n<li>N\u0103m 2027: 17.622 t\u1ef7 \u0111\u1ed3ng (+31% YoY)<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-29-1024x683.png\" alt=\"\" class=\"wp-image-2876\" srcset=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-29-1024x683.png 1024w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-29-300x200.png 300w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-29-768x512.png 768w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-29.png 1142w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><strong>C\u00e1c d\u1ef1 \u00e1n tr\u1ecdng \u0111i\u1ec3m:<\/strong><\/p>\n\n\n\n<ul>\n<li>Southgate (The Pearl, Solaria)<\/li>\n\n\n\n<li>Izumi City (Canaria)<\/li>\n\n\n\n<li>Paragon \u0110\u1ea1i Ph\u01b0\u1edbc<\/li>\n\n\n\n<li>Mizuki Park (Trellia, LK11)<\/li>\n\n\n\n<li>Central Lake \u2013 C\u1ea7n Th\u01a1<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ke_hoach_huy_dong_von_quy_42025\"><\/span>K\u1ebf ho\u1ea1ch huy \u0111\u1ed9ng v\u1ed1n qu\u00fd 4\/2025<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nam Long d\u1ef1 ki\u1ebfn ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu cho c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu theo t\u1ef7 l\u1ec7 100:26, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 100,1 tri\u1ec7u c\u1ed5 phi\u1ebfu, gi\u00e1 ch\u00e0o b\u00e1n 25.000 \u0111\u1ed3ng\/cp, thu v\u1ec1 kho\u1ea3ng 2.503 t\u1ef7 \u0111\u1ed3ng.<\/p>\n\n\n\n<p><strong>M\u1ee5c \u0111\u00edch s\u1eed d\u1ee5ng v\u1ed1n:<\/strong><\/p>\n\n\n\n<ul>\n<li>1.597 t\u1ef7 \u0111\u1ed3ng \u0111\u1ec3 \u0111\u1ea7u t\u01b0 d\u1ef1 \u00e1n<\/li>\n\n\n\n<li>266 t\u1ef7 \u0111\u1ed3ng g\u00f3p v\u1ed1n v\u00e0o c\u00f4ng ty con<\/li>\n\n\n\n<li>640 t\u1ef7 \u0111\u1ed3ng tr\u1ea3 n\u1ee3 v\u00e0 ngh\u0129a v\u1ee5 t\u00e0i ch\u00ednh<\/li>\n<\/ul>\n\n\n\n<p>Ngu\u1ed3n v\u1ed1n n\u00e0y gi\u00fap NLG \u0111\u1ea9y m\u1ea1nh x\u00e2y d\u1ef1ng Izumi v\u00e0 Paragon \u0110\u1ea1i Ph\u01b0\u1edbc trong giai \u0111o\u1ea1n 2025\u20132026.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dinh_gia_va_trien_vong\"><\/span>\u0110\u1ecbnh gi\u00e1 v\u00e0 tri\u1ec3n v\u1ecdng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>Gi\u00e1 m\u1ee5c ti\u00eau: 50.100 \u0111\u1ed3ng\/cp<\/li>\n\n\n\n<li>Ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1: +24,6%<\/li>\n\n\n\n<li>WACC: 12,9%<\/li>\n\n\n\n<li>Gi\u00e1 tr\u1ecb RNAV sau chi\u1ebft kh\u1ea5u: 19.274 t\u1ef7 \u0111\u1ed3ng<\/li>\n\n\n\n<li>S\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh: 385,1 tri\u1ec7u<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cac_dieu_chinh_trong_dinh_gia\"><\/span>C\u00e1c \u0111i\u1ec1u ch\u1ec9nh trong \u0111\u1ecbnh gi\u00e1:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>Gi\u1ea3m gi\u00e1 tr\u1ecb Mizuki Park do c\u00f2n \u00edt s\u1ea3n ph\u1ea9m.<\/li>\n\n\n\n<li>T\u0103ng gi\u00e1 tr\u1ecb Waterpoint giai \u0111o\u1ea1n 2, n\u00e2ng P\/B t\u1eeb 1,4x l\u00ean 1,8x.<\/li>\n\n\n\n<li>Paragon \u0110\u1ea1i Ph\u01b0\u1edbc \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 l\u1ea1i theo ph\u01b0\u01a1ng ph\u00e1p RNAV.<\/li>\n\n\n\n<li>N\u1ee3 r\u00f2ng gi\u1ea3m m\u1ea1nh nh\u1edd d\u00f2ng ti\u1ec1n tho\u00e1i v\u1ed1n t\u1eeb Izumi.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"So_sanh_voi_cac_doanh_nghiep_cung_nganh\"><\/span>So s\u00e1nh v\u1edbi c\u00e1c doanh nghi\u1ec7p c\u00f9ng ng\u00e0nh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"784\" height=\"422\" src=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-28.png\" alt=\"\" class=\"wp-image-2873\" srcset=\"https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-28.png 784w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-28-300x161.png 300w, https:\/\/ckvn.net\/chung-khoan\/wp-content\/uploads\/2025\/10\/image-28-768x413.png 768w\" sizes=\"(max-width: 784px) 100vw, 784px\" \/><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chi_so_tai_chinh_noi_bat\"><\/span>Ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh n\u1ed5i b\u1eadt<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>Bi\u00ean l\u1ee3i nhu\u1eadn g\u1ed9p: 41\u201344%<\/li>\n\n\n\n<li>Bi\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng: 18\u201329%<\/li>\n\n\n\n<li>ROE: 6,8\u20139,5%<\/li>\n\n\n\n<li>P\/E 2025F: 22,8x, gi\u1ea3m c\u00f2n 11,7x n\u0103m 2027F<\/li>\n\n\n\n<li>D\u00f2ng ti\u1ec1n ho\u1ea1t \u0111\u1ed9ng 2026F: +949 t\u1ef7 \u0111\u1ed3ng<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span>K\u1ebft lu\u1eadn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BSC duy tr\u00ec khuy\u1ebfn ngh\u1ecb MUA \u0111\u1ed1i v\u1edbi c\u1ed5 phi\u1ebfu Nam Long (NLG) v\u00e0 n\u00e2ng gi\u00e1 m\u1ee5c ti\u00eau l\u00ean 50.100 \u0111\u1ed3ng\/cp.<br>Trong giai \u0111o\u1ea1n 2025\u20132027, tri\u1ec3n v\u1ecdng l\u1ee3i nhu\u1eadn v\u00e0 qu\u1ef9 \u0111\u1ea5t m\u1edf r\u1ed9ng s\u1ebd l\u00e0 \u0111\u1ed9ng l\u1ef1c ch\u00ednh gi\u00fap gi\u00e1 c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng.<\/p>\n\n\n\n<p>NLG ph\u00f9 h\u1ee3p cho nh\u00e0 \u0111\u1ea7u t\u01b0 trung \u2013 d\u00e0i h\u1ea1n (2\u20133 n\u0103m), \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n ph\u1ee5c h\u1ed3i \u1edf khu v\u1ef1c \u0110\u1ed3ng Nai v\u00e0 Long An.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nam Long (NLG) \u0111\u01b0\u1ee3c BSC duy tr\u00ec khuy\u1ebfn ngh\u1ecb MUA, gi\u00e1 m\u1ee5c ti\u00eau 50.100 \u0111\u1ed3ng\/cp, ti\u1ec1m n\u0103ng t\u0103ng +24,6%. Doanh nghi\u1ec7p s\u1edf h\u1eefu qu\u1ef9 \u0111\u1ea5t l\u1edbn t\u1ea1i \u0110\u1ed3ng Nai \u2013 Long An, \u0111\u1ea9y m\u1ea1nh c\u00e1c d\u1ef1 \u00e1n Izumi City, Paragon \u0110\u1ea1i Ph\u01b0\u1edbc v\u00e0 Waterpoint giai \u0111o\u1ea1n 2. L\u1ee3i nhu\u1eadn d\u1ef1 ki\u1ebfn t\u0103ng tr\u01b0\u1edfng b\u00ecnh qu\u00e2n 39%\/n\u0103m giai \u0111o\u1ea1n 2025\u20132027, c\u00f9ng k\u1ebf ho\u1ea1ch huy \u0111\u1ed9ng v\u1ed1n 2.500 t\u1ef7 \u0111\u1ed3ng \u0111\u1ec3 th\u00fac \u0111\u1ea9y tri\u1ec3n khai d\u1ef1 \u00e1n.<\/p>\n","protected":false},"author":1,"featured_media":2868,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[174],"tags":[856,285,853,259,857,859,852,855,851,323,761,854,540,271,858],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/2859"}],"collection":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/comments?post=2859"}],"version-history":[{"count":16,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/2859\/revisions"}],"predecessor-version":[{"id":2886,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/posts\/2859\/revisions\/2886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media\/2868"}],"wp:attachment":[{"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/media?parent=2859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/categories?post=2859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ckvn.net\/chung-khoan\/wp-json\/wp\/v2\/tags?post=2859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}