{"id":8518,"date":"2025-07-16T20:17:48","date_gmt":"2025-07-16T23:17:48","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=8518"},"modified":"2025-07-16T20:17:49","modified_gmt":"2025-07-16T23:17:49","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c07%ec%9b%94-16%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=8518","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(07\uc6d4 16\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \ud55c\uc228 \ub3cc\ub9b0 YPF \uc7ac\ud310
    \ub274\uc695 \uc81c2\ud56d\uc21c\ud68c\ud56d\uc18c\ubc95\uc6d0\uc740, 2012\ub144 YPF \uad6d\uc720\ud654 \uacfc\uc815\uc5d0\uc11c 160\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc758 \ubc30\uc0c1\uae08 \ud310\uacb0\ub85c \uc778\ud55c YPF \uc8fc\uc2dd\uc758 51%\ub97c \uc591\ub3c4\ud558\ub77c\ub294 \uba85\ub839\uc5d0 \ub300\ud574 \uae30\ud55c\uc5c6\uc774 \uc911\ub2e8\ud55c\ub2e4\uace0 \ud310\uacb0\ud588\ub2e4.
    \ub530\ub77c\uc11c \ubc95\uc6d0\uc740 \ud504\ub808\uc2a4\uce74 \ud310\uc0ac\uac00 72\uc2dc\uac04 \ub0b4\uc758 \uc8fc\uc2dd \uc591\ub3c4 \uacb0\uc815\uc5d0 \ub300\ud55c \uc0ac\ubc95 \uc9c4\ud589\uc744 \uc911\ub2e8\ud588\ub2e4.
    \uc774\uc81c \ubc95\uc6d0\uc740 1\uc2ec\uc5d0\uc11c \ub0b4\ub824\uc9c4 \ud310\uacb0\uc744 \ub4a4\uc9d1\uc73c\ub824\ub294 \uc544\ub974\ud5e8\ud2f0\ub098\uce21 \ubcc0\ud638\uc0ac\uc758 \ud56d\uc18c\ub97c \uac80\ud1a0\ud560 \uac83\uc774\ub2e4.
    \ud56d\uc18c\ubc95\uc6d0\uc758 \ud310\uc0ac\ub4e4\uc740 \ud504\ub808\uc2a4\uce74 \ud310\uc0ac\uc758 \ud310\uacb0\uc744 \ud655\uc815\ud558\uac70\ub098, \uc218\uc815\ud558\uac70\ub098, \uc9c1\uc811 \ucca0\ud68c\ud558\ub294 \uc138\uac00\uc9c0 \uc911 \ud558\ub098\ub97c \uc815\ud55c\ub2e4.<\/li>\n\n\n\n
  2. \uc2dc\uc7a5\uc758 \uc548\ub3c4
    YPF \uc7ac\ud310\uc774 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \uc720\ub9ac\ud55c \ubc29\ud5a5\uc73c\ub85c \uc804\ud658\ub41c \uac83\uc740 \uc2dc\uc7a5\uc5d0 \uc9c1\uc811\uc801\uc778 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.
    \uc774\ubc88 \uacb0\uc815\uc740 \uc11d\uc720\ud68c\uc0ac\uac00 \ubc14\uae4c \ubb34\uc5d0\ub974\ub530 \uc9c0\uc5ed\uc758 \uacc4\ud68d\uc5d0\uc11c \ub354 \uc88b\uc740 \uc2dc\ub098\ub9ac\uc624\ub97c \uc608\uc0c1\ud560 \uc218 \uc788\ub2e4.
    \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 ADR\uc740 6%\uae4c\uc9c0 \ub6f0\uc5c8\uace0, \uad6d\ub0b4 \uc8fc\uc2dd\uc740 \ucd5c\ub300 4.7%\uae4c\uc9c0 \uc62c\ub790\uace0, Merval \uc9c0\uc218\ub294 \ud3c9\uade0 0.54% \uc0c1\uc2b9\ud588\ub2e4.
    \ub2ec\ub7ec \ucc44\uad8c\uc740 \uc0ac\ud758 \uc5f0\uc18d \ud558\ub77d\ud55c \ud6c4 1.8%\uae4c\uc9c0 \uc62c\ub790\ub2e4.
    \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 717bp\ub97c \uae30\ub85d\ud588\ub2e4.<\/li>\n\n\n\n
  3. \ub2e4\uc2dc \ub098\ud0c0\ub09c \uc911\uc559\uc740\ud589
    \uc218\uc2e0\uc6b4\uc6a9 (pases pasivos : \uc911\uc559\uc740\ud589\uc774 \uc720\ub3d9\uc131\uc744 \uad00\ub9ac\ud558\uae30 \uc704\ud574 \uc0ac\uc6a9) \uc2dc\uc7a5\uc5d0 \ub2e4\uc2dc \ub098\ud0c0\ub0ac\ub2e4.
    \uac70\uc758 1\ub144 \ub3d9\uc548 \ud65c\ub3d9\uc774 \uc5c6\uc5c8\uc9c0\ub9cc, \ud398\uc18c\ub97c \ud761\uc218\ud558\uace0 \ud3c9\uac00\uc808\ud558 \uae30\ub300\ub97c \ucc28\ub2e8\ud558\uae30 \uc704\ud574\uc11c\ub2e4.
    \uadf8\ub9ac\uace0 \uba87\uc2dc\uac04 \ub9cc\uc5d0 \uc5f0\uc774\uc728\uc744 25%\uc5d0\uc11c 36%\ub85c \uc62c\ub838\ub2e4.
    \uc774\ub7f0 \uacb0\uc815\uc740 \uc815\ubd80\ud658\uc728\uc5d0 \ub300\ud55c \uc555\ub825 \uc720\uc9c0\uc640 \uae09\uaca9\ud55c \uae08\ub9ac \ud558\ub77d\uc744 \ub9c9\uae30 \uc704\ud55c \uac83\uc774\ub2e4.
    \ub3d9\uc2dc\uc5d0 \ub2f9\uad6d\uc740 \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d \uae30\ub300\ub97c \uc720\uc9c0\ud558\uace0, \ud3c9\uac00\uc808\ud558 \uac00\ub2a5\uc131\uc744 \ud53c\ud558\uae30 \uc704\ud574, \ucd5c\ub300 29\uc5b5 7\ucc9c\ub9cc \ub2ec\ub7ec\uac00 \uac70\ub798\ub418\ub294 A3 \uc120\ubb3c\ud658\uc728 \uc2dc\uc7a5\uc5d0\ub3c4 \ud06c\uac8c \uac1c\uc785\ud588\ub2e4.<\/li>\n\n\n\n
  4. \ud658\uc728 \ud558\ub77d
    \ub3c4\ub9e4\ud658\uc728\uc740 \uc0c1\uc2b9\uc138\ub85c \uc2dc\uc791\ud588\uc9c0\ub9cc 1,260 \ud398\uc18c\ub85c \ub5a8\uc5b4\uc84c\ub2e4.
    \uae08\uc735\ud658\uc728\ub3c4 \ub0b4\ub824\uac14\uace0, CCL \ud658\uc728\uc740 1,279.56 \ud398\uc18c, MEP \ud658\uc728\uc740 1,276.07 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc678\ud658\ubcf4\uc720\uc561\uc740 \uc57d\uac04 \uac10\uc18c\ud574 390\uc5b5 6\ucc9c\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.<\/li>\n\n\n\n
  5. BOPREAL \uc2dc\ub9ac\uc988 4 \ub9c8\uc9c0\ub9c9 \uc785\ucc30
    \uc7ac\ubb34\uccad\uc758 BOPREAL \uc2dc\ub9ac\uc988 4 \ucc44\uad8c\uc774 \uc624\ub298 \uc138\ubc88\uc9f8\uc774\uc790 \ub9c8\uc9c0\ub9c9 \uc785\ucc30\uc774 \uc2e4\uc2dc\ub41c\ub2e4.
    \ucd5c\ub300\uc561\uc740 21\uc5b5 6400\ub9cc \ub2ec\ub7ec\uc774\ub2e4.
    \ud604\uc7ac BPO28 \ucc44\uad8c\uc740 \uc561\uba74\uac00\uc758 81.5%\uc5d0 \uac70\ub798\ub418\uace0 \uc788\ub294\ub370, \uc774\ub294 \ud658\uc728\ub85c \uacc4\uc0b0\ud558\uba74 1,570 \ud398\uc18c\uac00 \ub41c\ub2e4.
    BOPREAL \uc2dc\ub9ac\uc988 4\uc758 \uccab\ubc88\uc9f8 \uc785\ucc30\uc740 8\uc5b5 1\ucc9c\ub9cc \ub2ec\ub7ec\ub97c \uc870\ub2ec\ud588\uc9c0\ub9cc, \ub450\ubc88\uc9f8 \uc785\ucc30\uc5d0\uc11c\ub294 \ub0ae\uc740 \uc774\uc728\ub85c 2600\ub9cc \ub2ec\ub7ec\ub9cc \uc870\ub2ec\ub410\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc5d0\ub294 \ubc30\ub2f9\uae08 \uc9c0\uae09\uc744 \uc704\ud55c \uc740\ud589\uc5d0 \uc758\ud574 \uc8fc\ub3c4\ub420 \uac83\uc774\ub2e4.<\/li>\n\n\n\n
  6. \uc815\ubd80 \ud398\uc18c \ud761\uc218\ud574 \uc2dc\uc7a5\uc744 \uc9c4\uc815\uc2dc\ud0a4\uae30 \uc704\ud55c \uae34\uae09 \uc785\ucc30 \uc2e4\uc2dc
    \uacbd\uc81c\ubd80\uac00 15\uc870 5\ucc9c\uc5b5 \ud398\uc18c\ub97c \ud22c\uc785\ud574 LEFI (\uc7ac\uc815\uc720\ub3d9\uc131\ucc44\uad8c)\ub97c \ud68c\uc218\ud55c \ud6c4, \uae08\ub9ac\uac00 \ub0b4\ub824\uc549\uc558\uace0, \uc624\ub298 \uacc4\ud68d\uc5d0 \uc5c6\ub358 \uc785\ucc30\uc744 \uc2e4\uc2dc\ud55c\ub2e4.
    \ub2e8\uae30 \ud398\uc18c \ucc44\uad8c\uc744 \uc81c\uacf5\ud574, \uacfc\ub3c4\ud55c \uc720\ub3d9\uc131\uc774 \ud658\uc728\uc5d0 \uc555\ub825\uc744 \uac00\ud558\ub294 \uac83\uc744 \ubc29\uc9c0\ud558\uae30 \uc704\ud55c \ubaa9\uc801\uc774\ub2e4.
    \ucc44\uad8c\uc740 7\uc6d4\uc5d0\uc11c 9\uc6d4 \uc0ac\uc774\uac00 \ub9cc\uae30\uc778 LECAP\uacfc 10\uc6d4\uae4c\uc9c0 \ub9cc\uae30\uc778 BONCAP\uc774 \uc81c\uacf5\ub41c\ub2e4.
    LEFI \ucc44\uad8c \ub300\uc2e0 \ud398\uc18c\ub97c \ubc1b\uc740 \uc740\ud589\ub4e4\uc740 \uacbd\uc7c1\uc801\uc73c\ub85c \uae08\ub9ac\ub97c \uc778\ud558\ud588\uc5c8\ub2e4.
    \uc5ec\uae30\uc5d0 \uac70\uc758 10\uc870 \ud398\uc18c\uac00 \uc7ac\ud22c\uc790\ub418\uc9c0 \uc54a\uace0, \ud658\uc804\uc2dc\uc7a5\uc5d0 \ubab0\ub9b4 \uac00\ub2a5\uc131\uc5d0 \uacbd\uace0\ub4f1\uc774 \ucf1c\uc84c\uc5c8\ub2e4.
    \ud658\uc728\uc740 \uc6d4\uc694\uc77c \uc0c1\uc2b9\ud574 1,291 \ud398\uc18c\uc5d0 \uac70\ub798\ub410\uace0, \uc911\uc559\uc740\ud589\uc740 \ub2e4\uc2dc 15\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc744 \uc120\ubb3c\ud658\uc728\uc5d0 \uac1c\uc785\ud588\ub2e4.<\/li>\n\n\n\n
  7. \ub18d\uc5c5\uacc4\uc5d0 \ub300\ud55c \uc57d\uc18d
    \ubc00\ub808\uc774 \ub300\ud1b5\ub839\uc740 \ub18d\uc5c5\uacc4 \uc8fc\uc694 \uc778\uc0ac\ub4e4\uacfc \ud68c\uc758 \ud6c4, \ub2e4\uc74c\uc5d0 \uc778\ud558\ub420 \uc138\uae08\uc740 \uc6d0\ucc9c\uc9d5\uc218\uc138\uac00 \ub420\uac83\uc774\ub77c\uace0 \uc57d\uc18d\ud588\ub2e4.
    \uadf8\ub7ec\ub098 \uc774\ub97c \uc2e4\ud589\uc5d0 \uc62e\uae30\uc9c0 \ubabb\ud558\ub294 \uac83\uc740 \uc7ac\uc815\ud751\uc790 \ub54c\ubb38\uc774\ub2e4.
    \uc774\ub7f0 \uc138\uc728 \uc778\ud558\ub294 \ub18d\uc5c5\uacc4\uc5d0 \ud544\uc694\ud55c \uac83\uc774\uc9c0\ub9cc, \uc2dc\uae30\uc5d0 \ub300\ud55c \uc138\ubd80\uc0ac\ud56d\uc740 \uc544\uc9c1 \uc5c6\ub2e4.
    \ub18d\uc5c5 \ubd80\ubb38\uc774 \uc6d0\ucc9c\uc9d5\uc218\uc138 \uc778\ud558\ub97c \uc694\uad6c\ud558\ub294 \uac83\uc740, \uace1\ubb3c\uc758 \uad6d\uc81c\uc2dc\uc138 \ud558\ub77d\uacfc \ud658\uc728\ub85c \uc778\ud55c \uc6d0\uac00 \uc0c1\uc2b9\uc73c\ub85c, \ub0ae\uc740 \uc218\uc775\uc131\uc744 \ubcf4\uc774\uae30 \ub54c\ubb38\uc774\ub2e4.<\/li>\n\n\n\n
  8. \uc124\ube44\uc6a9\ub7c9 \uc0ac\uc6a9 \uc99d\uac00
    \uad6d\ub9bd\ud1b5\uacc4\uccad (INDEC)\uc758 \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, 5\uc6d4 \uc124\ube44\uc6a9\ub7c9 \uc0ac\uc6a9\ub960\uc740 58.6%\ub85c \ub450\ub2ec \uc5f0\uc18d \uc99d\uac00\ud588\ub2e4.
    4\uc6d4\uc740 3\uc6d4\ubcf4\ub2e4 4% \ub192\uc558\uace0, 5\uc6d4\uc740 4\uc6d4\ubcf4\ub2e4 0.3% \ub298\uc5b4\ub0ac\ub2e4.
    \uadf8\ub7ec\ub098 \uc544\uc9c1\ub3c4 60% \uc7a5\ubcbd\uc744 \uae68\uc9c0 \ubabb\ud558\uace0\uc788\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":8519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,61],"tags":[],"class_list":["post-8518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8518"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/8519"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}