Kosy Joint Stock Company stock loses 77% in one month

Kosy Joint Stock Company (KOS) has experienced a severe decline on the Ho Chi Minh City Stock Exchange (HOSE), with its stock price losing nearly 77% in just over one month. As of October 15, the stock hit its floor for the 19th consecutive session, closing at 7,760 VND per share. This rapid decline has wiped out approximately 5,500 billion VND in market capitalization, leaving the company's valuation at roughly 1,680 billion VND.

The downturn is compounded by forced liquidations of shares held by entities related to Kosy's leadership. Between October 9 and October 15, Kosy Real Estate Investment Co., Ltd.—an organization linked to Chairman Nguyen Viet Cuong and Vice Chairwoman Nguyen Thi Hang—reported that securities companies liquidated 754,900 KOS shares. Additionally, Leo Regulus Investment JSC also reported forced liquidations of KOS shares. Trading liquidity remains low, with significant sell orders remaining unmatched at the floor price.