A real estate stock skyrocketed by 90%, the secretary of the BOD wants to “pick up” an additional 2 million shares

Thuduc Housing Development Joint Stock Company (TDH) recently announced that Ms. Le Ngoc Xuan, the secretary of the Board of Directors, plans to buy 2 million TDH shares at an estimated cost of about 9 billion VND. The transaction is expected to take place from May 15 to June 13, 2025. Currently, TDH’s shares have surged 90% in the past month, reaching 4,590 VND/share, the highest in 16 months. This surge may be attributed to positive business developments, especially the recent ruling by the Ho Chi Minh City People’s Court accepting the company’s lawsuit regarding a 365 billion VND VAT refund. According to the company, this ruling will help improve financial results and support achieving the profit goals for 2025. In the first quarter of this year, TDH recorded revenues of 8 billion VND and a net profit of 5.7 billion VND, a significant improvement compared to the loss recorded in the same period last year.