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Bottom-fishing inflows returned to Novaland’s NVL shares on May 8 after the stock unexpectedly rebounded into strong green trading. The move came following a four-session decline that erased nearly 20% of the share price.
NVL’s rebound followed a period of persistent selling pressure. In just four trading sessions, the stock’s price fell by nearly 20%, equivalent to a drop of about VND 3,950 per share.
In the sessions on May 4 and May 5, NVL traded at the floor, with no buyers and tens of millions of shares sitting on the ask side. The heavy selling pressure weighed on investor sentiment, pushing the real estate stock among the market’s biggest decliners.
Conditions started to improve on May 6 and May 7 as “rescue money” entered the market. Over those two sessions, more than 122 million shares changed hands, helping to curb the stock’s steep decline.
On May 8, buying demand dominated from the start of the session. While there were intraday fluctuations, bottom-fishing demand remained strong toward the close, lifting NVL higher.
On the business side, Novaland reported solid performance in Q1 2026. After-tax profit reached over VND 859.5 billion, compared with a loss of VND 476.4 billion in the same period a year earlier.
The company said Q1 2026 after-tax profit differed by about VND 1,336 billion versus Q1 2025, mainly due to higher profits from sales and service provision.
At its AGM, Novaland approved 2026 net revenue of VND 22,715 billion, up 3.26 times the 2025 result. The company set a 2026 net profit after tax target of VND 1,852 billion and said it has no plans to pay dividends in 2026.
In 2026, Novaland accelerated construction completion and handover across multiple project clusters, including Aqua City, NovaWorld Phan Thiet, NovaWorld Ho Tram, The Grand Manhattan, Victoria Village, and Palm City.
For title deed handovers, the company expects to deliver certificates at Sunrise Riverside, Kingston Residence, The Sun Avenue, Lucky Palace, Sunrise City, Orchard Garden, Palm City, Tresor, Golden Mansion, and Garden Gate.
Management stated that Novaland’s comprehensive restructuring journey has basically completed phase 1, with significant progress in financial health, corporate governance, and project execution. The company targets 2026 as the final year of restructuring, aiming to gradually fulfill commitments to customers and investors, then move into a growth phase focused on sustainable development.
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