New Risk • May 06
New major risk - Revenue and earnings growth Revenue has declined by 24% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 24% over the past year. Minor Risks Dividend is not well covered by earnings (dividend per share is over 6x earnings per share). Market cap is less than US$100m (₫424.0b market cap, or US$16.1m). New Risk • Mar 31
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by earnings (dividend per share is over 6x earnings per share). Market cap is less than US$100m (₫429.2b market cap, or US$16.3m). New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 6x earnings per share). Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (₫413.5b market cap, or US$15.7m). Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₫2,243 (vs ₫254 in 3Q 2025) Third quarter 2026 results: EPS: ₫2,243 (up from ₫254 in 3Q 2025). Revenue: ₫165.4b (down 1.9% from 3Q 2025). Net income: ₫58.7b (up ₫52.1b from 3Q 2025). Profit margin: 36% (up from 3.9% in 3Q 2025). The increase in margin was driven by lower expenses. Upcoming Dividend • Jan 23
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 30 January 2026. Payment date: 12 February 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of Vietnamese dividend payers (7.6%). Higher than average of industry peers (4.9%). New Risk • Jan 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Dividend per share is over 16x cash flows per share. Dividend yield: 11% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Dividend per share is over 16x cash flows per share. Minor Risk Market cap is less than US$100m (₫431.9b market cap, or US$16.4m). Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫15,700, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Commercial Services industry in Vietnam. Total returns to shareholders of 63% over the past three years. Reported Earnings • Aug 02
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₫98.0b (down 53% from 1Q 2025). Net income: ₫3.50m (up ₫273.8m from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Buy Or Sell Opportunity • Jun 04
Now 22% overvalued Over the last 90 days, the stock has fallen 4.1% to ₫14,000. The fair value is estimated to be ₫11,494, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Bekanntmachung • May 09
Innovative Technology Development Corporation, Annual General Meeting, Jun 26, 2025 Innovative Technology Development Corporation, Annual General Meeting, Jun 26, 2025, at 13:30 SE Asia Standard Time. Location: no.01, sang tao street, tan thuan dong ward, district 7, hcmc, Vietnam Buy Or Sell Opportunity • May 05
Now 20% overvalued Over the last 90 days, the stock has fallen 6.4% to ₫13,100. The fair value is estimated to be ₫10,872, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2015 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (₫334.9b market cap, or US$13.4m). Buy Or Sell Opportunity • Oct 09
Now 20% overvalued Over the last 90 days, the stock has fallen 28% to ₫12,550. The fair value is estimated to be ₫10,453, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Aug 06
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to ₫13,200. The fair value is estimated to be ₫10,682, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • Jul 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Vietnamese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2015 fiscal period end). Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₫401.1b market cap, or US$15.6m). New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2015 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (₫406.0b market cap, or US$15.8m). Buy Or Sell Opportunity • May 14
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ₫11,700. The fair value is estimated to be ₫9,351, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Bekanntmachung • Apr 28
Innovative Technology Development Corporation, Annual General Meeting, Jun 27, 2024 Innovative Technology Development Corporation, Annual General Meeting, Jun 27, 2024, at 06:00 Coordinated Universal Time. Location: No.01 Sang Tao street, Tan Thuan Dong ward, district 7, HCMC HCMC Vietnam Bekanntmachung • Nov 29
Innovative Technology Development Corporation Appoints Mr. Mai Hoai an as Deputy Chairman of the BOD - Permanent Investment Manager The BOD of Innovative Technology Development Corporation issued the Board resolution to Approved the appointment of Mr. Mai Hoai An as Deputy Chairman of the BOD - permanent Investment Manager. New Risk • Oct 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫242.9b (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2015 fiscal period end). Market cap is less than US$10m (₫242.9b market cap, or US$9.89m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Bekanntmachung • Jul 06
Innovative Technology Development Corporation Approves Board Changes On June 29, 2023, the BOD of Innovative Technology Development Corporation approved the following contents: Approved the appointment of Mr. Nguyen Ngoc Trung, Mr. Mai Hoai An, Mr. Tran Bang Viet as member of the Board of Directors of the Company from June 29, 2023. Approved the appointment of Mrs. Tran Thi Thu Tam as member of the Supervisory Board of the Company from June 29, 2023. Approved the resignation of Mr. Nguyen Duc Thang as member of the Board of Directors of the Company from July 28, 2023. Approved the resignation of Mr. Mac Quang Huy as member of the Board of Directors of the Company from July 28, 2023. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Chau Dinh was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Oct 03
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be ₫11,822, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Bekanntmachung • Aug 13
Innovative Technology Development Corporation Elects Doan Thi Bich Ngoc as Chairwoman of the Board of Directors Innovative Technology Development Corporation announced that at the Board of Directors’ Meeting August 04, 2022, approved election of Ms. Doan Thi Bich Ngoc as Chairwoman of the Board of Directors. Bekanntmachung • Jul 30
Innovative Technology Development Corporation Announces the Resignation of Nguyen Duc Thang as Member Cum Chairman Innovative Technology Development Corporation announces the Resignation of Mr. Nguyen Duc Thang of Letter of member cum Chairman of BOD of the Company. Bekanntmachung • Jul 13
Innovative Technology Development Corporation Announces Personnel Change BOD of Innovative Technology Development Corporation announces a personnel change as follows: Appointing Mr. Le Ngoc Thach to Information Technology Director. Effective date: July 04, 2022. Bekanntmachung • Jul 07
Innovative Technology Development Corporation Announces Board Changes Innovative Technology Development Corporation announced personnel change as follows: Mr. Dinh Hoai Chau is appointed to a member of the BOD as of June 30, 2022 and Mr. Le Tien Dung resigned as a member of the BOD as of June 21, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Personnel Director Pham Thi Thi was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 01
New 90-day high: ₫11,900 The company is up 26% from its price of ₫9,480 on 01 December 2020. The Vietnamese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₫10,650 The company is up 9.0% from its price of ₫9,750 on 07 October 2020. The Vietnamese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 18
New 90-day low: ₫8,900 The company is down 1.0% from its price of ₫8,990 on 20 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day high: ₫10,150 The company is up 13% from its price of ₫9,000 on 04 August 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 7.0% over the same period. 
