Kosy (HOSE: KOS) closed at 5,050 dong on 23 October, its 25th consecutive limit-down session, down more than 82% from 32,950 dong on 16 September, and its market capitalisation fell from about 7,133 billion dong to 1,257 billion dong. The family group of Chairman Nguyễn Việt Cường holds over 134 million shares, or more than 62% of the company, and some of these shares are pledged as collateral for bank loans. From late September to mid-October 2026, securities firms carried out forced sales of over 561,000 of Cường's shares, nearly 763,000 shares linked to Kosy Real Estate and about 4,700 shares linked to Leo Regulus. Forced-sale attempts for over 8.6 million shares held by Vice Chair Nguyễn Thị Hằng and 9 million shares held by Deputy General Director Nguyễn Thị Phương Thảo failed due to weak demand. Kosy attributes the decline to weak market conditions, lower liquidity, investor sentiment and securities firms cutting margin lending, and says its core real estate, renewable energy and project operations are proceeding as planned.
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Original headline: 25 phiên giảm sàn liên tiếp, doanh nghiệp chuyên BĐS tỉnh lẻ gây sốt
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Kosy Chairman Nguyễn Việt Cường has had shares sold under margin forced liquidation again, the second time in under a month, as KOS extends a run of limit-down sessions. From 19 to 23 October 2026 he lost 175,287 shares, cutting his stake from 33.17% to 33.09% of charter capital, bringing his total sold across recent periods to 736,951 shares. Two related entities, Kosy Real Estate Investment Co., Ltd. and Leo Regulus Investment JSC, were also sold 445,500 and 175,870 shares. KOS closed at 5,050 VND on 23 October, its 25th consecutive limit-down session and more than 82% below 32,950 VND on 16 September. Kosy attributed the pressure to weak liquidity, selling sentiment and some brokers cutting margin lending ratios and liquidating positions, while its reviewed H1 2026 net profit of over 15 billion VND, up about 121%, was only near 13% of its full-year plan.
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Kosy Group (MCK: KOS) filed an explanation with the State Securities Commission and HoSE about KOS shares hitting the floor price for 5 consecutive sessions from October 5 to October 9, 2026, after an earlier 5-session streak from September 28 to October 2, 2026. The company attributes the decline to a market-wide downturn, margin reductions by securities firms and simultaneous forced sales, and says its core operations continue as planned. Chairman Nguyễn Việt Cường had 810 KOS shares force-sold, leaving him with over 73.37 million shares (33.43% of charter capital), while Kosy Real Estate Investment Co., Ltd. sold 8,000 shares in margin liquidation. In the 2026 semi-annual reviewed report, net revenue reached nearly 722.7 billion VND (up over 9%) and after-tax profit nearly 15.4 billion VND (up nearly 121%). Total assets stood at over 5,078.4 billion VND, with inventory at 54.7%, while total liabilities were nearly 2,725.6 billion VND, of which borrowings were over 1,997.7 billion VND, or 73.3%.
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Kosy (KOS) shares have hit the floor price for 20 straight sessions, falling about 80% in a month, with floor sell orders reaching 91 million shares on October 16, or 42% of outstanding shares, while total matched volume that day was under 20 thousand shares. The company blamed weak market sentiment, shrinking liquidity and securities firms cutting margin lending and conducting forced sales, while saying its core real estate, renewable energy and project operations are running normally. Forced sales also hit chairman Nguyễn Việt Cường and related entities, leaving him with 33.17% of charter capital after 560.8 thousand shares were sold. Meanwhile, Ms. Hoàng Thị Yến, the chairman's sister-in-law, registered to buy 8 million shares, but trading data suggest she has not yet paid.
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Shares of Kosy (KOS) have hit the floor price for 17 consecutive sessions, dropping to VND 8,960 on October 13, with 75.6 million shares offered at the floor price, roughly 35% of the company's shares, yet almost no buyers. The pressure stems largely from margin-call sales of shares held by Chairman Nguyễn Việt Cường and related parties, which has made it hard for securities firms to liquidate collateral. Kosy says the market is falling on momentum and some brokers cutting margin ratios and forcing sales have added selling pressure, while its core businesses remain on plan. Its reviewed semi-annual 2026 report shows revenue of nearly VND 723 billion (up 9%) and after-tax profit of over VND 15 billion (up about 121%), only about 13% of its full-year target of VND 120 billion. Ms. Hoàng Thị Yến, sister-in-law of Chairman Cường, has registered to buy 8 million KOS shares from October 15 to November 13, which would raise her ownership to about 3.71%.
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