'VinFast Stock Has A Big Valuation. It's Still A Risky Short' - Barron's
Portfolio Pulse from Happy Mohamed
Vietnamese EV maker VinFast Auto (VFS) has seen a significant rise in its stock value since its recent public listing, with a market capitalization of about $60 billion, surpassing Ford Motor (F) and General Motors (GM). Despite selling only about 11,300 EVs in the first half of 2023 and still being unprofitable, the company's stock has attracted the attention of short sellers. However, due to the limited number of shares available for trading, there is a potential risk of a short squeeze.
August 17, 2023 | 4:53 pm
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NEGATIVE IMPACT
Ford's market capitalization has been surpassed by VinFast, a recently listed Vietnamese EV maker.
VinFast's recent rise in stock value and market capitalization surpassing Ford could potentially impact Ford's stock negatively in the short term as investors may see more growth potential in VinFast.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
General Motors' market capitalization has been surpassed by VinFast, a recently listed Vietnamese EV maker.
VinFast's recent rise in stock value and market capitalization surpassing General Motors could potentially impact GM's stock negatively in the short term as investors may see more growth potential in VinFast.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
VinFast's stock has seen a significant rise since its public listing, surpassing major automakers in market capitalization. Despite being unprofitable, it has attracted short sellers. However, the limited number of shares available for trading could lead to a short squeeze.
VinFast's stock has seen a significant rise since its public listing, which has attracted the attention of short sellers. However, the company is still unprofitable and has a limited number of shares available for trading, which could lead to a short squeeze, causing the stock price to rise further in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100