Why Thuduc House’s Stock Is in Hot Water

The stocks of Thu Duc Housing Development Joint Stock Company have been placed under control from April 9, due to the company's post-tax profit loss in 2023 and 2024.

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The Ho Chi Minh City Stock Exchange (HoSE) has recently decided to move TDH shares of Thu Duc House Joint Stock Company (Thuduc House) from control to warning status, effective September 8th.

According to the announcement, Thuduc House’s reviewed consolidated financial statements for the first half of 2025 reported a profit after tax of 18.9 billion VND for the company’s shareholders. However, the company’s undistributed profit after tax as of June 30, 2025, was negative, amounting to nearly 1,037.2 billion VND.

Previously, TDH had been placed under control status since April 9th due to consecutive years of after-tax losses in 2023 and 2024.

At the close of the trading session on September 5th, TDH shares dropped by nearly 5%, settling at 4,600 VND per share.

In mid-April this year, TDH shares attracted market attention with a sharp increase of 60% in just over two weeks, including multiple ceiling sessions, pushing the share price from 2,700 VND to 4,500 VND.

Towards the end of April, Thuduc House also faced a temporary suspension of customs procedures by the customs authorities due to tax arrears exceeding 89 billion VND.

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