Real Estate

HoSE reprimanded Saigonres (SGR) for disclosing a 14 August 2026 Lâm Đồng court judgment on 28 October, breaching the 24-hour rule under Circular 96/2020/TT-BTC. The lapse lands alongside a weak earnings run: Q3/2026 revenue fell 43% year on year and nine-month net profit dropped 60.8%.

Tín Nghĩa (TID) posted 9M net profit of VND 234B, down 69% year-on-year, and has met only 52% of its annual plan. DIC Corp (DIG) and DC4 also reported steep Q3 declines, with DIG at 40% of plan and DC4 at 70%, as real-estate revenue recognition slowed across the sector.

A company tied to Kosy Group Chairman Nguyễn Việt Cường had nearly 2.3 million KOS shares forcibly sold, cutting its stake from 4.05% to 3%, while his brother lost 311,400 shares. The liquidations came just before KOS snapped a 29-session floor streak on October 30 with record volume.

KOS (Kosy JSC) has hit 29 consecutive floor-price sessions, wiping out nearly 90% of its market value in about six weeks amid forced margin-call selling by brokers, though it remains short of the historical record of 34 sessions set by CDO in 2016-2017.

Foreign investors net sold VND 23,700B (~USD 948M) on HoSE in October 2026, the third straight monthly decline for VN-Index, which closed at 1,741.62 (-1.53%). IDC topped the matched-order net-buy list, while banks and FPT absorbed the heaviest selling and VIC alone cushioned the index.

LPBank (LPB) was the single largest drag on the VN-Index last week, removing 6.3 points as the index fell 1.83% to 1,741.62. Banks and financial services reversed a positive prior week, HoSE matched-order turnover dropped 12.39%, and foreign investors net sold VND 2,533.7B, with LPB among the most heavily sold tickers.

SCIC's second attempt to sell its 63.38% stake in Seaprodex (SEA) drew zero registered bidders, with the 79.9 million-share lot priced at over VND 8,500B, or VND 107,400 per share. The failed auction leaves the UPCOM-listed firm's prime 2-4-6 Dong Khoi land plot in Hồ Chí Minh City under state control, with Novaland-linked shareholders holding 32.47% just behind SCIC.

VN-Index fell more than 32.5 points (~1.8%) in the week of Oct 26-30, dragged by banking and securities stocks, while Vingroup names VIC and VPL provided support. HNX-Index dropped 3.8% (~10 points).

Bluemarq Group (DXG) posted Q3 2026 net profit of VND 3.2 billion, down 98% year on year, as net revenue fell 36% to VND 682 billion on weaker apartment, land-plot and brokerage sales. Customer prepayments rose 46.6% to VND 9,056 billion, but inventory of VND 16,330 billion and negative operating cash flow of VND 578 billion show the cash has not yet converted to earnings.