TTC Land (SCR) Leadership Changes: Deputy General Director Resigns, New Board Member Appointed
This Aveluro analysis covers SCR (Địa Ốc Sài Gòn Thương Tín) in the Real Estate sector. The classified event type is leadership change, with neutral sentiment and a deterministic market-impact score of 5.0/10. Source coverage came from CafeF - Bất động sản, classified as a primary/top-tier source.
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Overview
TTC Land (SCR) has announced a leadership reshuffle, with the resignation of Deputy General Director Nguyen Thi Nghi effective May 7, 2026, and the appointment of To Hoai Long as a new Board member from April 23, 2026. The changes follow the departure of board member Tran Van An and come as the company reported a sharp profit increase in Q1 2026 but still faces a significant gap to its annual target.
Key Facts
- Nguyen Thi Nghi resigned as Deputy General Director of TTC Land (SCR) effective May 7, 2026.
- To Hoai Long was appointed as a Board member for the 2025-2030 term from April 23, 2026.
- Tran Van An ceased to be a Board member from April 23, 2026.
- To Hoai Long holds no SCR shares and was also appointed to the board of TTC Hospitality on April 28, 2026.
- TTC Land reported Q1 2026 consolidated after-tax profit of VND 11.7 billion, up 515% from VND 1.9 billion in Q1 2025.
- The company targets 2026 consolidated revenue of VND 1,275 billion and pre-tax profit of VND 100 billion; Q1 achieved only 9.3% of the profit target.
- Shareholders approved retaining all undistributed after-tax profit of over VND 469.6 billion for reinvestment.
What Happened
TTC Land (SCR) announced via a board resolution that Deputy General Director Nguyen Thi Nghi has resigned effective May 7, 2026, citing a personal request. Following her resignation, she is no longer considered an insider of the company. Separately, board member Tran Van An also left his position on April 23, 2026.
On the same date, To Hoai Long was appointed as a Board member for the 2025-2030 term. Long currently holds no SCR shares and was also appointed to the board of TTC Hospitality, a related entity within the TTC Group ecosystem controlled by the family of Dang Van Thanh and Huynh Bich Ngoc.
Market Context
SCR shares closed at VND 6.00 on April 10, 2026, with no change from the prior session and volume of 1.68 million shares. The stock trades on HOSE. The leadership changes come as TTC Land reported a strong Q1 profit surge of 515% year-on-year, but the absolute figure of VND 11.7 billion after-tax represents only 9.3% of the full-year pre-tax target of VND 100 billion. The company’s decision to retain all earnings for reinvestment signals a focus on project development rather than shareholder distributions.
Strategic Significance
The appointment of To Hoai Long, who also joins the board of TTC Hospitality, suggests closer coordination between TTC Land and other TTC Group entities. The leadership reshuffle may be part of a broader restructuring to support the company’s ambitious 2026 revenue and profit targets, which rely heavily on expanding construction activities and optimizing financial operations. The retention of over VND 469 billion in undistributed profits underscores a capital-intensive strategy, likely directed at key projects.
What to Watch
- Q2 2026 earnings release to assess progress toward the full-year target.
- Any further board or management changes, especially related to project execution roles.
- Updates on TTC Land’s major projects and construction activity.
- Potential capital raising or partnership announcements to fund the retained earnings strategy.
- Share price and foreign ownership trends following the leadership changes.