PIT shares rise about 48% in six sessions as company reports a nine-month loss of nearly VND 23 billion
PIT shares rose about 48% over six trading sessions through November 11, 2026, despite low trading volume. PITCO reported an after-tax loss of nearly VND 23 billion for the first nine months of 2026, while major shareholder PGCC is again seeking to sell its entire 32.31% stake.
As of November 11, 2026, PIT shares had risen about 48% over six consecutive trading sessions, climbing from VND 6,750 per share to a closing price of VND 10,000. The shares reached their daily ceiling for five consecutive sessions from November 4 to 10. In an explanation submitted on November 11 to the State Securities Commission of Vietnam and the Ho Chi Minh City Stock Exchange, PITCO said the consecutive ceiling gains reflected market supply and demand. Investors made their own trading decisions, and the company had not intervened in trading.
PIT shares rose about 48% over six trading sessions, while PITCO reported a loss for the first nine months of the year.（VietVance）
Trading volume remained low during the price rise. From November 4 to 10, a total of 26,400 PIT shares changed hands over five trading sessions, averaging 5,280 shares a day. On November 11, volume reached 49,900 shares, exceeding the total for the previous five sessions.
PITCO’s consolidated financial statements for the third quarter of 2026 showed net revenue of nearly VND 80 billion, down 57% from a year earlier, and an after-tax loss of nearly VND 11 billion. In the first nine months of 2026, the company recorded net revenue of about VND 344 billion and an after-tax loss of nearly VND 23 billion. Its accumulated losses exceeded VND 52 billion at the end of September.
Major shareholder PGCC announced on October 14, 2026, that it planned to sell its entire holding of more than 4.91 million PIT shares, representing 32.31% of PITCO’s share capital, through order matching between October 20 and November 18. As of November 11, even if PGCC had sold every share traded during that period, it would have completed less than 3% of its planned sale. The results of this sale period have yet to be announced.
Since 2023, PGCC has registered seven times to sell its entire stake in PITCO. None of its four sale attempts in 2023 or its attempt from July 29 to August 27, 2026, resulted in a sale. During a sale period from September 4 to October 2, 2026, PGCC sold more than 3.09 million shares, reducing its stake from 52.67% to 32.31%. PGCC said it could not sell all the shares registered for that period because there were too few buyers on the trading system.
Source: VietVance