HEV shares rise 224% in 13 trading sessions despite company losses
As of November 13, 2026, HEV shares had risen for 13 consecutive trading sessions, gaining 224% from October 27 despite very low trading volume. The company remained loss-making in the first nine months of 2026, and its shares were still on the Hanoi Stock Exchange’s warning list.
On November 13, 2026, shares of University and Vocational Books Joint Stock Company (HEV) rose 9.46% to close at 16,200 Vietnamese dong per share, marking their 13th consecutive trading session of gains. Compared with 5,000 dong per share on October 27, the price was up 224%; the company’s market capitalization rose from about 25 billion dong to 81 billion dong.
HEV shares rose 224% in 13 trading sessions, with only 100 shares changing hands on some days.（VietVance）
Trading volume was very low during the price rise. Only 600 shares changed hands on November 13, for a total value of less than 10 million dong; just 100 shares were traded on each of October 28, October 29 and November 2. The company submitted an explanation to regulators after its shares hit the daily price ceiling for five consecutive trading sessions from November 3 to 9.
The company said operations were normal and there had been no unusual financial or governance developments that could directly affect its share price; it attributed the consecutive ceiling-price gains to market movements beyond its control. The company is part of the Vietnam Education Publishing House system. In the first nine months of 2026, its net revenue was about 5 billion dong, down nearly 23% year on year; it posted a loss of about 460 million dong, compared with a loss of about 320 million dong in the same period a year earlier.
HEV shares remain on the Hanoi Stock Exchange’s warning list. According to a decision dated May 25, 2026, the reasons include at least four breaches of information disclosure rules within one year, a negative balance of undistributed after-tax profit at the end of 2025, a qualified audit opinion on the 2025 financial statements, and submission of the audit report more than 15 days late.
Source: VietVance
