Bàn về cổ phiếu thưởng

NGHICN CU'U-TRAO DOI ( Sr/11 (76, • 2009 )

Ban ve co phieu thiidng

TS. Hoan^ Van Quynh

///('// nay, trin cdc tning Weh lin liic va dd liiu ciia rdi nhii'it cdng ly cd phdn niim yet

cd phiiu trin Sd giao dich chung khoaii TP Hd Chi Minh, Sd GD( K Hd Ngi cilng nhii tren

trang web cua nhicu cdng ly chu'ng khodn ludn xudt hiin nhdng thdng lin mang linh chat nhd

qudng cdo. khuyin mgi ddc hiit. ndn Id: phdi hdnh cd phieu ihiidng; chia cd phieu lliUdng; phdt

hdnh CO phiiu di llniong cho cd ddng hiin hdu cua cdng ly. Cu llii: ngay 15/9/2009 tren trang

web cua cong ty cd phdn Ddu tii phdt trien dd thi vd khu cdng nghiip Sdng Dd (md CK SJS)

dda tin: phdt hdnh 40 triiu cd phieu di thiidng cho cd ddng hiin hdu vdi ty li thiic hiin Id 1:1.

.\gudn phdt hdnh dc thudng Id lii ngudn lgi nhudn gii? lgi chtia phdn phdi vd quy ddu IU phdt

trien, thdng dU vdn. Ngdy 17/9/2009, tren trang web cua cdng ty cd phdn Hodng Anh Gia luii (md

chdng khodn H.AGj thdng bdo phdt hdnh H9.907.250 ed phiiu thiidng cho co ddng hiin lulu vdi

ly li thtic hiin 2:1. .\gdy 10/9/2009 cdng ly chiing khodn Kim Long thdng bdo trong quy IV/2009

se phdt hdnh 23,1 triiu cd phieu thiidng cho cd ddng hiin hdu vdi ly li thtic hiin 100:35. Tnidc

dd dd cd rdt nhiiu cong ly nhU cdng ly cd phdn xudt nhdp khdu Thiin .\am (T.S'.A), cong ly cd

phdn Ddu lUvd Van tdi Ddu khi Vinashin (VSP), cdng ty cd phdn cdng nghiip ^'a ddu IU Tdn

Tgo (ITA ),.. . con diia ra ty li chia IhUdng, chia cd phieu thiidng hdp ddn hUn nhieu. Ngodi ra,

ngay cd mgt so bdi vii't ciia mgl sd ldc gid ddng trin cdc trang web, tren cdc bdo chi khdc citng

sd dung rdt nhieu nhdng thuit I ngd trin di diia lin, thdm chi ngay trong cung mgt bdi vii'l cd

ldc gid cho ndy thi chia cd phiiu thudng, cho kia phdt hdnh cd phiiu thudng vv...

Xua't phat tif viec su' dd da difa ddn nhi/ng tinh lue King triln Uong ra't nhidu

dung ram rd nhi/ng thdng lin trang sau: phu^-n giao dieb. cu the

neu Uen ironc ihdi eian vi/a ,^,- ., .- . ..- , .,, ., ,- , . .- " ";. , - Day cia eo phieu cua NhU cia co phieu cua

qua tren cac phUdng lien cong , ., . , , . . .-"..-, ; L-' , . . , , -' ' - nhung cong ly co thong tin cong ly co phan dau IU phat bo thong tin cua nhieu cong ty ,• ,, ,, \ , . -- •-- '..- u « ,, •

5 . , , , , . ,i chia IhUdng ldng manh bat tne n do thi va khu cong

mem yet, tren cac bao chi da , -- , .- , , ' •- L.- o- r^. ,o,r>, v

, , , , , - ,.- chap till trUiinc idnc bay ciam nehipp Song Da (SJS) ngay

lao ra sUhUaocho nha dau lU • - \~ v , i- .T-, ' ^ M, -i^, n^l,^,^n,^,^ ,c^^n/^JT . .. ,7 ,.- ,. . , , ... gia. l u sU nhan ihUe mua 01 .M/0S/2()09 la 153.000 d/cp, va da dan den nhicu nha dau -••,..-•-, • ,• , > , ,.• . ,,,^.,,,„^\ ^ , ... , . , ,-. CO phieu se du^de elua IhUdng nhUnc den ncav 21/09/2009 lU nham lUdng rdng mua 1 CO . , -, .- ... . ,- ,x ,.- ,- / ,- ". ' • - -,rvo nnn ,..- ~ , . . - '.--3 CO phieu da ddn den da tdng len mUc gia 208.000 phieu ngay bom nay eua cong , ..- , . ,.- , , , ., v,";- . . , .* .. .' - , - , - nhicu nha eiau lu'thav VI ebon d/e. Nfiu linh IU dau thang ly mem yet co nhUne thong ,..',..-; , , „ , " ^ . .- ^^ ^. .. mua letai eo phieu cua nhiTnc ()S/2009 den 21/09/2009 gia tin Ircn Ihi chi sau mot vai - - i --•.,•, , T - • - , . . . , , . . . .u .-, ^"""e ty CO kcl qua kinh doanh co phieu cua cdng ty nay ldng

thang dUdc cong ty ihUdne .-,.• • * b : J ^

.u- k Al -' u '• / -- ' tot, chuyen sang sdn tim len 100'7f. Tu'dng tU, gid cd

them cho 01 CO phicu (neu ly , , , . .- ,. 5 , . - , '^ •' f

IA 1 I» ,k/••. ,u' u m -•' 'ihu^ng loin eo phieu cua cone phieu cua cdng ty cd phan

le 1:1), thUdng them cho 02 CO :,,., , % ' '^ •' ^

.;-',,.,.-, , ,f,.^ ,, . , ly CO mUc chia thu'dng cd Hodng Anh Gia Lai (HAG)

phieu (1:2), thUdng them eho , ..- ,,„-.. . .'

m.A',.i,;^'nei.7v„^ 1- i- - phieu eao, khi6n cacloa i cd ngdy 31/08/2009 Id 96.500

(J3 CO phieu (1:3) va Iuc do se ,.. ' , , . , ^ -^ ,

. -, , , . ,.-' .' .' T phieu cua cac cong ly ndy d/cp den neay 01/09/2009

CO moi mdng lien von gap 2, , ., ,.. , ^ •' •' ^ ^ ^ -,.,.-• , .: ^ , , ^ ' - tdng gia hen luc, lham chi ed ldng len 101.000 d/cp, ngay 3,4 lan hien nay^ loa . Chmh dieu , . i CO- , phie .,-u ' eu, , a cdn' ,. g ly he. „.,,^^ n 03/09/200 , „„, 9 a. ^ 105.000 d/c ^^ p va

,26> Tap chf nghien cdu Tdi chfnh ke'todn