HDG Insider Trade: CEO's Mother Buys Only 300K of 5M Registered Shares

Overview

Ha Do Group (HDG) disclosed that the mother of CEO Nguyen Trong Minh purchased only 300,000 shares out of a registered 5 million, citing failure to reach expected purchase prices. Separately, the father of CFO Dao Huu Tung registered to sell 200,000 shares for personal financial needs. The news comes ahead of HDG’s 2025 AGM on April 24, where the board will present a 2026 business plan targeting revenue of VND 3,242 billion and net profit of VND 1,151 billion.

Key Facts

• CEO’s mother Nguyen Thi Thu Ha bought 300,000 HDG shares out of a registered 5 million, citing unmet price expectations.
• After the trade, Ha holds 0.08% of HDG (up from 0%).
• The purchase period was March 16 to April 14, 2026.
• CFO’s father Dao Huu Khanh registered to sell 200,000 HDG shares from April 6 to May 5, 2026, for personal financial needs.
• HDG plans to hold its 2025 AGM on April 24, 2026.
• 2026 targets: revenue VND 3,242 billion (+13% YoY), net profit VND 1,151 billion (+16% YoY).
• 2025 actual results: revenue VND 2,875 billion (98% of target), net profit VND 993 billion (94% of target).
• Proposed 2026 dividend: 15% of charter capital, with 5% already paid in cash in March 2026 and 10% in shares from 2025 retained earnings.

What Happened

Ha Do Group (HDG) announced insider-related transactions on April 10, 2026. Nguyen Thi Thu Ha, mother of CEO Nguyen Trong Minh, reported buying only 300,000 HDG shares out of a registered 5 million shares. The company stated the incomplete transaction was due to not achieving the expected purchase price. Following the trade, Ha holds 0.08% of HDG.

Separately, Dao Huu Khanh, father of CFO Dao Huu Tung, registered to sell 200,000 HDG shares during April 6 to May 5, 2026, citing personal financial needs. The sale may be executed via order matching or negotiated deals.

In other corporate developments, HDG will hold its 2025 Annual General Meeting on April 24, 2026. The board will propose a 2026 business plan with revenue of VND 3,242 billion and net profit of VND 1,151 billion, representing 13% and 16% growth respectively over 2025 actuals. The 2025 results slightly missed targets, with revenue at 98% and net profit at 94% of plan. The board also recommends a 15% dividend for 2026, comprising a 5% cash dividend already paid in March 2026 and a 10% stock dividend from 2025 retained earnings.

Market Context

HDG shares closed at VND 28,000 on April 10, 2026, down 1.06% with volume of 2.78 million shares on HOSE. The stock has been under pressure amid broader real estate sector weakness. The partial insider purchase by the CEO’s mother may signal limited confidence at current levels, while the CFO’s father’s sale adds to supply. HDG’s 2026 targets imply continued growth, but the stock’s valuation will depend on execution and market sentiment.

Strategic Significance

The insider transactions highlight mixed signals from HDG’s management family. The CEO’s mother’s failure to complete the large registered purchase suggests that even insiders see limited near-term upside at current prices. Conversely, the CFO’s father’s sale for personal needs is routine but adds to selling pressure. HDG’s 2026 plan targets moderate growth, with a focus on maintaining dividends. The AGM will be key for investors to assess management’s confidence and strategic direction.

What to Watch

• AGM on April 24, 2026: Approval of 2026 plan and dividend policy.
• Q1 2026 earnings release (expected late April): Check if revenue and profit are on track.
• Completion of CFO’s father’s sale by May 5, 2026.
• Any further insider transactions or share buybacks.
• HDG’s progress on real estate project launches and sales in 2026.