GEE Stock Falls 53% From Peak as Foreign Investors Sell 10 Straight Sessions

Overview

Gelex Electric (GEE), listed on HOSE, has fallen more than 53% from its peak to VND 64,200 per share as foreign investors net sold for 10 consecutive sessions from 01/10/2026. The selling totaled over 2.43 million shares worth VND 169.45 billion, even as the company reported H1 2026 revenue up 41% and profit up 28% year-on-year.

Key Facts

• GEE closed at VND 64,200 on 15/10/2026, down 1.68% on the day and 53% below its peak price.
• Foreign investors net sold GEE for 10 consecutive sessions from 01/10/2026, totaling over 2.43 million shares worth VND 169.45 billion.
• Foreign buying reached about 526,700 shares (VND 36.86 billion) while selling hit nearly 2.96 million shares (VND 206.31 billion).
• The largest single net-sell session was 14/10/2026 at VND 32.54 billion, equal to 489,432 shares.
• H1 2026 net revenue was nearly VND 16,621 billion, up 41% year-on-year; after-tax profit was nearly VND 1,351 billion, up 28% and equal to 50% of the annual profit plan.
• Gelex Electric paid a 5% cash dividend advance (VND 500 per share) on 07/10/2026, about VND 320.2 billion, following a similar VND 320.2 billion advance on 30/6/2026.
• The 2026 AGM approved a total cash dividend ratio of 30% for the year, with nearly 640.5 million shares outstanding.

What Happened

GEE shares have declined sharply after rising ninefold during 2025. On 15/10/2026, the stock traded at VND 64,200, down 1.68% for the session and 53% from its peak. The decline has coincided with sustained foreign selling: data through 14/10/2026 shows foreign investors net sold GEE for 10 straight sessions starting 01/10/2026, with total net volume above 2.43 million shares and value of VND 169.45 billion. Foreign investors bought roughly 526,700 shares for VND 36.86 billion and sold nearly 2.96 million shares for VND 206.31 billion, averaging about VND 16.95 billion of net selling per session. The heaviest session was 14/10/2026, when net selling reached VND 32.54 billion on 489,432 shares.

On the corporate side, Gelex Electric finalized the shareholder list on 18/9/2026 for the second 2026 cash dividend advance at a 5% ratio, or VND 500 per share, with payment on 07/10/2026. With nearly 640.5 million shares outstanding, the payout was about VND 320.2 billion. A first advance of the same size was paid on 30/6/2026. At the April 2026 annual general meeting, shareholders approved a total 2026 cash dividend ratio of 30%. For H1 2026, the company reported net revenue of nearly VND 16,621 billion, up 41% year-on-year, and after-tax profit of nearly VND 1,351 billion, up 28% and meeting 50% of the full-year profit plan.

Market Context

GEE trades on HOSE and closed at VND 65,300 on 14/10/2026 before easing to VND 64,200 on 15/10/2026. The stock’s 53% drawdown follows a ninefold gain in 2025, a move that had pushed its market capitalization above USD 2 billion in October 2025. The current pressure reflects foreign outflows concentrated in a single name rather than a broad market signal, though the scale of the 10-session selling streak is notable for a mid-cap industrial equipment issuer. The company’s high cash dividend policy, above 30% annually in prior years, has not been enough to offset the foreign supply overhang.

Strategic Significance

For long-term investors, the divergence between GEE’s operating performance and its share price is the central question. Revenue growth of 41% and profit growth of 28% in H1 2026, alongside a 30% cash dividend, suggest the underlying electrical equipment business remains on plan. The foreign selling may reflect profit-taking after the 2025 re-rating, index or portfolio rebalancing, or concerns about the sustainability of the growth rate. The stock’s valuation reset from a peak that implied a much richer multiple could restore a dividend-supported floor if earnings momentum holds. The key risk is that continued foreign distribution pressures the price further even as fundamentals remain intact.

What to Watch

• Foreign net flow data for GEE after 14/10/2026 to see whether the 10-session selling streak extends or reverses.
• Q3 2026 earnings release for confirmation that revenue and profit growth remain near H1 2026 levels.
• The next cash dividend payment date and any further advance announcements under the 30% 2026 policy.
• HOSE foreign-ownership room and any block trade or shareholder structure filings involving Gelex Electric.
• Trading volume and price action around the VND 64,000 to 65,000 level to gauge whether the decline stabilizes.