中文

TDH

₫3,190
+0.00% 2026-09-15 · Close
AI Composite Signal
6.7 / 10
Bullish — 5-signal composite
⚠ News sentiment is bearish, but strong fundamentals, volume push the composite higher.
Mkt Cap
410.1B
₫410.1B
P/E
3.6
P/B
2.1
ROE
58.1%
ROA
15.9%
EPS
969
Price Chart
What matters now

TDH (TDH) is a company in Vietnam's Real Estate sector, listed on HOSE. The stock last traded at 3,190 VND, little changed on the session, giving a market capitalization of 410.1 billion VND.

On valuation, TDH trades at a price-to-earnings ratio of 3.6 and a price-to-book of 2.1. That is a discount to the Real Estate sector average P/E of 66.2. Return on equity of 58.1% points to strong profitability relative to the company's equity base, above the sector average of 11.0%. Trailing earnings per share stand at 969 VND.

Aveluro tracks 18 news items mentioning TDH, where recent coverage skews negative (56% of articles). The most recent catalyst was an earnings miss event — "TDH Audit Slashes H1 2026 Profit 85% as LDG Loss Widens to VND 88B". Aveluro's composite model rates TDH 6.7/10 (Bullish), blending news sentiment, price momentum, and fundamentals.

Comparable names in the Real Estate sector include AAV, AGG and API.

Latest catalyst

TDH Audit Slashes H1 2026 Profit 85% as LDG Loss Widens to VND 88B

Recent Developments

Recent developments around TDH include 5 notable classified events. On Sep 15, 2026, an earnings miss was reported: Thuduc House (TDH) saw audited consolidated after-tax profit for H1 2026 collapse to under VND 2 billion, down more than 85% from its self-prepared figure of over VND 12 billion. On Sep 07, 2026, a market event was reported: Thuduc House (TDH) received a reminder from HoSE for failing to publish its reviewed semi-annual 2026 financial statements in Vietnamese and English by the deadline. On Aug 11, 2026, a market event was reported: Thuduc House (TDH) has officially lifted the asset transfer and mortgage prevention measures imposed by the tax authority, following an appellate court ruling. On Aug 07, 2026, a market event was reported: HOSE has expanded its margin-ineligible list to 57 securities, including Vietnam Airlines (HVN), Duc Giang Chemicals (DGC), and newly listed DMX. On Aug 06, 2026, a market event was reported: HOSE removed margin trading eligibility for 56 stocks as of August 5, 2026, including APG, DGC, HVN, and LDG.

The overall tone of recent coverage is negative, with 4 of 5 events carrying bearish sentiment.

AI Signal Breakdown
Bearish Neutral Bullish
6.7 / 10
Bullish
⚠ News sentiment is bearish, but strong fundamentals, volume push the composite higher.
Sentiment
-1.00
Impact
1.00
Momentum
-0.15
Fundamentals
+1.00
Volume
1.00
Sentiment 30% · Impact 20% · Momentum 20% · Fundamentals 15% · Volume 15%
News Sentiment
18
Articles Analyzed
Negative 10
Positive 6
Mixed 1
Neutral 1
Recent News
Sep 15, 2026 Full Analysis Negative earnings miss
Thuduc House (TDH) saw audited consolidated after-tax profit for H1 2026 collapse to under VND 2 billion, down more than 85% from its self-prepared figure of over VND 12 billion. LDG's audited after-tax loss widened to nearly VND 88 billion from VND 41 billion, a VND 46 billion deterioration.
Sep 07, 2026 Full Analysis Negative regulation change
Thuduc House (TDH) received a reminder from HoSE for failing to publish its reviewed semi-annual 2026 financial statements in Vietnamese and English by the deadline. The company's H1 2026 revenue surged 4.5x year-on-year to VND 116.9 billion, but net profit fell 34.9% to VND 12.3 billion, reflecting ongoing margin pressure.
Aug 11, 2026 Full Analysis Positive legal action
Thuduc House (TDH) has officially lifted the asset transfer and mortgage prevention measures imposed by the tax authority, following an appellate court ruling. This removes a major legal obstacle, enabling the company to manage its assets more freely and support its ongoing business recovery.
Aug 07, 2026 Full Analysis Negative regulation change
HOSE has expanded its margin-ineligible list to 57 securities, including Vietnam Airlines (HVN), Duc Giang Chemicals (DGC), and newly listed DMX. Investors cannot use leverage to buy these shares, potentially reducing liquidity and adding selling pressure in the short term.
Aug 06, 2026 Full Analysis Negative regulation change
HOSE removed margin trading eligibility for 56 stocks as of August 5, 2026, including APG, DGC, HVN, and LDG. Most are under warning, control, restriction, or suspension; others have been listed less than six months or reported losses.
Jul 29, 2026 Full Analysis Positive earnings beat smallcap
TDH reported Q2 2026 net revenue of nearly VND 70B, quadrupling YoY, with core operations swinging from a VND 3.7B loss to a VND 5.4B profit. Net profit of VND 6B was driven by core business rather than one-off gains, signaling a sustainable recovery for the HOSE-listed real estate firm.
May 26, 2026 Full Analysis Negative regulation change
ITD was added to HOSE's margin-cut list after receiving a tax penalty for fiscal years 2022-2025, totaling VND 630.6 million. The list now includes 68 stocks, many under warning, control, or with negative profits, restricting leverage for investors.
May 25, 2026 Full Analysis Negative regulation change
HOSE has removed margin eligibility for 67 stocks effective May 2026, citing warning/control status, negative earnings, or listing under six months. The list includes AAN (listed May 22), ABS, HVN, and DLG, restricting leverage for retail investors and potentially reducing trading liquidity in these names.
Apr 22, 2026 Full Analysis Positive legal action
TDH has received official notice that the Ho Chi Minh City Tax Department has terminated all administrative enforcement measures, including asset transfer and mortgage restrictions, following a final court ruling. The lifting of these measures allows the company to resume normal operations and unlock asset value, marking a pivotal step in resolving its prolonged legal and financial difficulties.
Apr 22, 2026 Full Analysis Positive legal action
TDH shares hit the ceiling after the Ho Chi Minh City Tax Department canceled all tax enforcement measures that had been in place for five years, including customs holds, invoice suspensions, and bank account freezes. The move removes major operational hurdles for Thuduc House, which posted a net profit of VND 108B in 2025 after years of losses.
Apr 21, 2026 Full Analysis Positive legal action
TDH has officially canceled three tax enforcement decisions after a 5-year legal battle, lifting restrictions on invoices, customs procedures, and bank accounts. This removes a major operational bottleneck that had frozen its real estate and trading activities since 2021, allowing the company to resume normal business operations.
Apr 21, 2026 Full Analysis Positive legal action
Thuduc House (TDH) has received a final administrative court ruling that compels the tax authority to lift all enforcement measures and cancel a VND 365 billion late-payment tax notice. This removes a long-standing legal obstacle, allowing TDH to restart key real estate projects and pursue diversification into distribution and food.
Apr 18, 2026 Full Analysis Negative guidance cut
Thuduc House (TDH) targets 2026 net profit of VND 38.5B, down 64% year-on-year, while DIC Corp (DIG) expects revenue to fall 37% and Sonadezi Chau Duc (SZC) projects an 84% profit drop. The coordinated guidance cuts reflect persistent challenges in Vietnam's real estate sector, despite continued capital expenditure plans.
Apr 18, 2026 Full Analysis Negative guidance cut
Thuduc House (TDH) projects a 64% drop in 2026 net profit to VND 38.5B, while DIC Corp (DIG) expects a 27% decline in pre-tax profit to VND 600B, as part of a broader trend among listed real estate firms. This coordinated guidance cut reflects persistent sector headwinds despite ongoing project investment, with Sonadezi Châu Đức (SZC) planning the steepest profit reduction at 84%.
Related Stocks — Real Estate
Stock Analysis

By Aveluro Research Team · Editorial policy · Caveat: Not investment advice. · How Aveluro computed this

Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.

Last updated: 2026-09-15T16:23:16Z.