KDH

KDH sees foreign selling as Dragon Capital reduces its stake to 5.984% and VinaCapital also sells shares. The moves come as KDH reports Q1/2026 net profit up 175.5% to VND 327B, though revenue fell 60.4%. The stock closed at VND 22,800 on June 4, 2026.

Foreign investors net sold nearly VND 6,000 billion in a single session, with VIC alone accounting for VND 4,900 billion of the outflow. Domestic institutions net bought VND 5,500 billion, partially offsetting the selling. Analysts expect the foreign selling trend to continue until August or September, tied to market upgrade expectations.

Foreign investors net sold nearly VND 19,357 billion (USD 774 million) in May 2026, with top sells including FPT, ACB, HPG, VHM, MBB, STB, KDH, CTG, and VIC. The VN-Index rose 0.51% but liquidity remained subdued, indicating cautious market sentiment.

Vietnam real estate companies increased total debt to approximately VND 300 trillion by end-Q1 2026, while aggregate revenue surged 210% YoY to VND 76 trillion, driven by VHM and NVL. Gross profit margin recovered to 48.1%, near 2021 peaks, signaling improved pricing power in the high-end segment.

Foreign investors net sold approximately VND 2,000 billion (USD 80 million) on the Vietnamese stock market on May 25, with matched-order net selling of VND 442.6 billion. The sell-off was concentrated in Basic Resources, with HPG, ACB, and FPT among the top sold, while Food & Beverage and Banking saw net buying. Despite the foreign pressure, VN-Index rose nearly 9 points to 1,886.03, supported by large-cap stocks and low overall liquidity.

Foreign investors net sold VND 2,094 billion (USD 83.8 million) on May 25, with MSB alone accounting for over VND 1,500 billion in net selling. The selling pressure was broad-based, affecting HPG, ACB, FPT, and KDH, while net buying was concentrated in MSN, HDB, VIC, VCB, and VHM.

ACBS reports that the draft amendment to the 2026 Land Law could accelerate land clearance and compensation processes, benefiting real estate firms with strong financial foundations such as VHM and KDH. Key changes include reduced notice periods for land recovery and streamlined planning levels.

GEX was the most sold stock by proprietary trading desks on May 13, with net selling of 168 billion VND, followed by VNM and PVT. The overall net selling of 379 billion VND by proprietary desks, combined with foreign net selling of 1,475 billion VND, signals caution among institutional investors amid the VN-Index near its all-time high.

Foreign investors net sold VND 836 billion (USD 33.4 million) on May 12, 2026, with banking stocks bearing the brunt of selling. Individual investors absorbed the flow, net buying VND 968.8 billion. The VN-Index reversed from a 16-point loss to close up 5.6 points at 1,901, driven by rotation into mid-cap and energy stocks.

GEL saw the heaviest net selling from proprietary trading desks on May 12, with VND 163 billion sold, while foreign investors net sold nearly VND 840 billion market-wide. The selling pressure highlights continued risk-off sentiment among domestic and foreign institutional investors.

Only 3 of 20 tracked real estate stocks posted gains in early 2026, with NVL and VHM exceptions, as rising interest rates pressure the sector. VIS Rating warns of tighter credit controls and higher borrowing costs, which are expected to slow homebuyer demand and increase reliance on bonds and equity for developers.

GEL, a Gelex infrastructure stock, was the most sold by proprietary trading desks on Monday, with net selling of VND 268 billion, contributing to a total proprietary net sell of VND 430 billion on HOSE. Foreign investors also net sold nearly VND 1,004 billion across the market, adding pressure on Vietnamese equities.

Vingroup stocks (VIC, VHM, VRE) reversed sharply from intraday highs to close lower, dragging the VN-Index down 20 points to 1,895. The broad sell-off hit real estate, banking, and oil & gas sectors, while foreign investors extended their net selling streak to 13 consecutive sessions. The reversal came despite strong morning gains that pushed the index to a new record of 1,927.

Foreign investors net sold VND 4,330.2 billion (USD 173.21 million) in the week ending April 15, 2026, with Technology stocks like FPT leading the sell-off. Domestic institutions also net sold VND 1,875.3 billion. Despite the foreign outflow, the VN-Index rose 3.30% to 1,915.37 points, extending its recovery to six consecutive weeks, though breadth remained narrow.