Vì sao HSBC đầu tư vào cổ phiếu Bảo Việt?

Dien dan doanh nghiep

Ngdy 10/1/2011, gid giao

dich CO phieu BVH cua Tap

dodn Bdo Viet dgt muc

73.000 dong/co phieu,

vupt muc gid ddu binh

qudn trong dot ban ddu

gid CO phdn Idn ddu (IPO)

cdch ddy hon ba ndm,

Trong nhung thdng ddu

ndm 2011, BVH Id mot

trong sd rdt it co phieu thuc

hien IPO trong ndm 2007

dapc giao djch d muc gid

Idn hon gid ddu binh qudn

cua thdi diem ddu gid,

tt- f Tf l_

Vi sao HSBC dau tir vao cd phieu Bao Viet?

^TRA N TRONG PHUC

C^ch day ban ba nam, trong

bdi canh thi trudng vdn khd

khan, viec Bao Viet tien

hanh cd phdn hda thanh cdng la

mot diem sang ndi bat. Bao Viet

khdng nhiing da hoan thanh viec

ban cd phdn Idn ddu (gia dau binh

quan thuc te 71.673 ddng, cao ban

gia khdi diem 30.500 ddng) ma cdn

lua chgn dugc ddi tac chien luge

trong nude va nude ngoai nhu y.

Ddi tac chien luge nude ngoai

la Tap doan HSBC Insurance Asia

- Pacific cd tru sd tai Hong Kong

mua 10%; ddi tac chien luge

trong nude la Tap doan Cdng

nghiep tau thuy Viet Nam

(Vinashin) mua 3,56%. Cdc cd

ddng chien luge deu mua cd phan

cua Bao Viet theo gia dau binh

quan thue te' thanh cdng. Nha

nude ma dai dien la Bd Tai chinh

vdn ndm quyen chi phdi khi ndm

giQ 77% cd phdn ciia Bao Viet.

Cd phan hda Bao Viet la mdt

sir kien ndi bat cua thi trudng tai

chinh nam 2007, thu hiit su quan

tam va tham gia cua ddng dao cac

nha ddu tu. Tai thdi die'm dd,

phdn Idn cac nha dau tu trong

nude mua cd phieu Bao Viet \'di

muc dich kinh doanh ngdn ban

hay ludt sdng. Chi cd mdt sd nha

ddu tu td chiic chuyen nghiep,

trong dd cd cac cd ddng chien

luge xac dinh ddu tu vao Bdo Viet

la mdt khoan ddu tu dai ban.

Trong chang dudng ban ba

nam qua, thi trudng chiing khoan

Viet Nam cd nhieu thang trdm vd

gia cd phieu Bao Viet cung khdng

tranh khdi tinh trang chung dd.

Nhung tii ddu quy 4 nam 2010

de'n dau nam nay, gia cd phieu

Bao Viet tang lien tuc va dat dinh

diem d miic gia ddng cira la

103.000 ddng ngay 21/1/2011.

Ngay 14/3/2011, gia giao dich

vdn duy tri d miic 91.000 ddng,

cao ban dang ke so vdi miic gia

ban cd phan Idn ddu.

Su bien ddng cua gia cd phieu

Bao Viet trong thdi gian 3 nam

qua da gay ra tinh trang "ke khdc

ngudi cudi" cho bie't bao nhieu

nhd dau tu ludt sdng. Vay cac nha

ddu tu dai han, ma rd nhat la cac

cd ddng chien luge thi sao?

Cudi nam 2009, Vinashin de

nghi dugc thoai vd'n va da chuyen

giao toan bg cd phan ndm giii tai

Bao Viet cho Tdng cdng ty Dau tu

va Kinh doanh vd'n Nha nude

(SQC). Ly do ma Vinashin dua ra

khi thoai vd'n tai Bao Viet la can

vd'n tap trung cho linh vuc kinh

doanh chinh cua minh. Ngugc lai

vdi Vinashin, cung d thdi diem

cudi nam 2009, Tap doan HSBC

Insurance tiep tuc mua them 8%

cd phdn cua Bao Viet, nang ty le

ndm giii cd phdn len 18%. Giai

thich ly do quyet dinh ddu tu them

8%) vao Bao Viet, dng Michael

Geoghegan, Tdng giam dd'c Tap

dodn HSBC da ndi: "Quyet dinh

tang them cd phan tai Tap doan

Bdo hiem va dich vu tdi chinh

hang ddu Viet Nam the hien niem

tin ciia HSBC vao trien vgng phat

trien ddi ban cua Bao Viet va ciia

Viet Nam." Dieu nay cho thay

HSBC xac dinh mua cd phdn Bao

Viet la mdt khoan ddu tu dai ban

va tin tudng vao trien vgng phat

trien dai ban ciia Bao Viet. Tap

doan Bao Viet hien dang sd hiru

Tdng cdng ty Bao hiem Bao Viet

(cdng ty bao hiem phi nhan thg

Idn nha't d Viet Nam), Tdng cdng

ty Bao Viet nhan thg (cdng ty bao

hiem nhan thg Idn thii hai d Viet

Nam), Cdng ty Quan ly Quy Bao

Viet. Ben canh dd. Tap doan sd

hiru cd phdn chi phdi cua Cdng ty

Chiing khoan Bao Viet, Ngan

hang TMCP Bao Viet, Cdng ty

16 Thue Nhd NUOC * so n )-K.Y 3/3/2011