NVL

Novaland (NVL) subsidiary Gia Huy won a VIAC arbitration dispute over the 7/5 residential project in Ho Chi Minh City, but enforcement remains stalled as counterparty TKG Taekwang Vina continues to resist. The project handover is pending, leaving NVL's capital tied up in a long-running legal battle.

GMD saw proprietary trading desks net buy over VND 300 billion on July 20, accounting for nearly 70% of total proprietary net buying on HOSE. Foreign investors net sold VND 96 billion, with VCB leading the sell-off. The divergence highlights continued foreign outflow pressure while domestic institutions selectively accumulate logistics and real estate names.

Novaland (NVL) plans to lend VND 2,053.6 billion to two subsidiaries to settle overdue debts, using proceeds from a rights offering of 800.7 million shares at VND 10,000 each, expected to raise VND 8,007 billion. The move underscores ongoing liquidity pressures at the developer, which reported VND 31.2 trillion in total borrowings as of March 2026.

Novaland (NVL) plans to issue 800.7 million shares at VND 10,000 each, raising VND 8,006 billion primarily to repay overdue debt and support two subsidiaries. The rights issue (3:1 ratio) is expected in Q3-Q4 2026, with proceeds allocated to debt repayment and internal loans to Nova Saigon Royal and No Va Thao Dien.

Novaland (NVL) plans to lend over VND 2,050 billion to two subsidiaries to settle overdue debts, funded by a rights offering of 800.7 million shares at VND 10,000 each, raising about VND 8,007 billion. The company's high leverage (debt-to-equity 117%) underscores the urgency of the capital raise.

Foreign investors unexpectedly net bought nearly VND 1,400 billion (~$55.4 million) on HOSE on July 10, 2026, with strong buying in Real Estate and Food & Beverage stocks, notably VIC and VNM, while selling Banking stocks. The VN-Index fell 12.36 points to 1,828.34 amid low liquidity, but foreign buying provided a partial offset.

Foreign investors net bought nearly VND 1,400 billion on HoSE on July 10, driven by a massive VND 1,600 billion purchase in VIC. Excluding VIC, the group still net sold hundreds of billions. Net selling was seen on HNX and net buying on UPCoM.