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External broker reports(aggregated public sources)

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Equity Bottom-Up

<ul><li>In 2Q/2026, KDH recorded net revenue of VND 160.6 billion (-84.7% YoY), significantly lower than expectations due to slow delivery progress at the Gladia low-rise project and an unusual "sales returns" item (VND 77.8 billion).</li><li>NPAT-MI grew sharply by +277% YoY, reaching VND 749.8 billion, thanks to financial income (VND 896.3 billion) following the divestment and loss of control at the Binh Trung Moi project.</li><li>Inventories continued to increase to VND 29,488 billion (+26.8% YTD) as KDH accelerated construction and site clearance at Tan Tao, BT-BTD, Phong Phu 2, and Binh Hung 11A residential areas. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In 2Q/2026, KDH recorded net revenue of VND 160.6 billion (-84.7% YoY), significantly lower than expectations due to slow delivery progress at the Gladia low-rise project and an unusual "sales returns" item (VND 77.8 billion).NPAT-MI grew sharply by +277% YoY, reaching VND 749.8 billion, thanks to financial income (VND 896.3 billion) following the divestment and loss of control at the Binh Trung Moi project.Inventories continued to increase to VND 29,488 billion (+26.8% YTD) as KDH accelerated construction and site clearance at Tan Tao, BT-BTD, Phong Phu 2, and Binh Hung 11A residential areas. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KDH - Delivery trough, BT project enters initial investment phase

Khang Dien

KDH - Delivery trough, BT project enters initial investment phase