HOSE Adds ITD to Margin-Cut List, Total Reaches 68 Stocks
This Aveluro analysis covers ITD. The classified event type is regulation change, with negative sentiment and a deterministic market-impact score of 4.9/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from VnEconomy - Chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
HOSE added ITD (ITD Technology JSC) to the list of stocks ineligible for margin trading due to tax law violations. This brings the total number of margin-cut stocks to 68, including many under warning or control status, such as ABS, HVN, BCG, and others. The move restricts leverage for investors trading these securities.
Key Facts
- HOSE added ITD to the margin-cut list on May 22, 2026, after the company received a tax penalty decision from the Ho Chi Minh City Tax Department.
- The tax penalty covers fiscal years 2022-2025, with a total amount of VND 630,590,283 (including fines, back taxes, and late payment fees).
- ITD has already paid the full amount to the state budget.
- The margin-cut list now includes 68 stocks, comprising those under warning, control, negative profits, qualified audit opinions, delayed disclosures, or listed less than six months.
- Notable tickers on the list: ABS, APH, DLG, DQC, HVN, LDG, NVT, OGC, TCD, TDH, TLH, VCA, VNE, AFX, CRV, GEL, HPA, KLB, VCK, BMI, DAH, SBV, SPM, ST8, TNH, VPH, BCG, VMD.
- Some stocks (HVN, BCG, VMD, TCD) have multiple reasons for being margin-ineligible.
What Happened
On May 22, 2026, ITD received a decision from the Ho Chi Minh City Tax Department imposing administrative penalties for tax violations covering fiscal years 2022 through 2025. The total amount due to the state budget was VND 630,590,283, including fines, back taxes, and late payment interest. ITD confirmed it has remitted the full amount.
Following this, HOSE added ITD to the list of securities not eligible for margin trading. The exchange maintains this list based on criteria such as warning or control status, negative after-tax profits, qualified audit opinions, delayed disclosures, or listing history under six months. As of May 22, the list comprises 68 stocks.
Market Context
ITD closed at VND 16,000 on May 26, 2026, down 0.62% with low volume of 6,600 shares. Other affected stocks showed mixed performance: ABS closed at VND 3,010 (+0.33%), APH at VND 5,510 (-0.90%), and DLG at VND 2,700 (+2.66%). The inclusion on the margin-cut list typically reduces liquidity and selling pressure from forced deleveraging, but also signals underlying financial or compliance issues. ITD trades on HOSE.
Strategic Significance
The expansion of the margin-cut list reflects HOSE’s ongoing enforcement of listing and disclosure standards. For ITD, the tax penalty indicates past compliance lapses, though the company has resolved the liability. For other stocks on the list, the restriction limits retail investors’ ability to use leverage, potentially reducing trading volumes and price volatility. Long-term investors should monitor whether these companies address the underlying issues (e.g., improving profitability, timely disclosures) to regain margin eligibility.
What to Watch
- ITD’s next quarterly earnings report to assess financial health post-tax penalty.
- Any updates from HOSE on removal of stocks from the margin-cut list as conditions improve.
- Regulatory actions or further penalties for other companies on the list.
- Trading volume and price trends for ITD and other affected stocks in the coming weeks.
- Company announcements regarding compliance improvements or capital increases.