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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Original headline: Một tiến sĩ liên tục bị bán giải chấp cổ phiếu
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- Chairman With a PhD Sees Shares Force-Sold by Securities Firm
Kosy Chairman Nguyen Viet Cuong (PhD) had 560,854 KOS shares force-sold by a securities firm between October 7 and 13, 2026, reducing his stake to about 33.17% of outstanding shares. A related entity, Kosy Real Estate Investment Co., Ltd., also had 8,000 shares force-sold on September 29 and from October 1 to 5. KOS has hit the floor price for 17 consecutive sessions, closing at 8,960 dong, with 75.6 million shares (about 35% of the company's total) offered at the floor and almost no buying demand. Kosy attributes the slide to momentum selling and to some brokers cutting margin lending ratios and forcing sales, while stating that its core real estate, renewable energy and project operations remain on plan. Its reviewed mid-year 2026 consolidated financial statements show revenue of nearly 723 billion dong (up 9%) and after-tax profit of over 15 billion dong (up about 121%), only about 13% of the 120 billion dong full-year target. Hoang Thi Yen, sister-in-law of Chairman Cuong, has registered to buy 8 million KOS shares from October 15 to November 13, which would raise her stake to about 3.71%.
- Shares Keep Hitting Floor Price: What Does Kosy Explain?
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%.
- Sell orders pile up for nearly half of Kosy's shares as chairman's relative registers to buy but has yet to pay
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.
- Top Notable Stocks at the Open on October 14
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- Panic Shows No Sign of Ending: 35% of Company's Shares Offered at Floor Price, Almost No Buyers
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%.
- One real estate stock hits the daily floor for the 20th straight session
The VN-Index rose 7.56 points (0.45%) to 1,705 on October 16, ending a seven-session losing streak, helped by gains in banking and securities stocks. Liquidity on HoSE, however, fell to about VND 10,728 billion from VND 14,800 billion the previous session, and foreign investors remained net sellers of nearly VND 560 billion. In contrast, Kosy (KOS) hit the daily floor for the 20th consecutive session, with about 91 million shares in excess sell orders, roughly 42% of shares outstanding, and has lost about 80% in one month. Ms. Hoàng Thị Yến, younger sister-in-law of Chairman Nguyễn Việt Cường, registered to buy 8 million KOS shares from October 15 to November 13, but no purchases had been recorded; earlier, the Chairman and related entities had faced forced sales of KOS shares.
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