TDH

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.

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.

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.

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.

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.

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.

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.

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%.

Thuduc House (TDH) is addressing a 365.5B VND tax refund misappropriation case from 2017-2019, which led to negative retained earnings and a warning status on HoSE. The company has received 32.3B VND in enforcement payments but faces monthly tax enforcement decisions exceeding 91B VND, while its entire board of directors resigned in late 2024.

Thuduc House (TDH) Chairman Nguyễn Quang Nghĩa and all current board members have resigned, leaving the HoSE-listed real estate developer without a functioning board. This follows the CEO's departure in November 2024 and comes amid monthly tax enforcement actions totaling over VND 91B related to a VND 365.5B smuggling case. The mass exodus creates immediate governance uncertainty for investors.

Thuduc House (TDH) shares gained nearly 30% over one week despite Chairman Trương Quang Nghĩa selling 20.7 million shares to reduce his stake to 0.05% and Board member/Chair of the Audit Committee Võ Thị Tường Vy resigning. The stock's resilience suggests investor focus on broader real estate sector momentum or potential restructuring, outweighing near-term governance concerns.