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Highland tycoon's stock keeps hitting the ceiling with no sellers left

Quoc Cuong Gia Lai (QCG) has pushed its market capitalization above 3,000 billion VND after two consecutive ceiling-price sessions; on Oct. 15 the stock hit the 11,000 VND limit, its highest in over a month, with no sellers and ceiling buy orders in the hundreds of thousands. The rally followed Nguyen Thi Nhu Loan's return as CEO, replacing Nguyen Quoc Cuong, after an appellate verdict deemed her sentence already served. In the first half of 2026, revenue fell to about 80 billion VND, roughly a third of the prior-year level, but after-tax profit of over 181 billion VND (18 times higher) came mainly from liquidating and selling a hydropower plant. Revenue remains far below the 2,403 billion VND full-year plan, and Cuong acknowledged that results have not met shareholder expectations, while management called 2026–2028 a pivotal restructuring period.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Đại gia phố núi liên tục “cháy hàng"

Read the original on CafeF ↗

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