VinFast Stock Soars Again: Is The Vietnamese EV Giant The Next Big Thing Or A Volatile Bet?
Portfolio Pulse from Shivani Kumaresan
Vietnamese electric vehicle maker VinFast Auto Ltd's shares continue to rally, with a 40% gain last Friday and a further increase today. The company's valuation has risen to about $160 billion, making it the third-most valuable automaker after Tesla Inc and Toyota Motor Corp. However, due to a small availability of publicly traded shares, the stock has shown extreme volatility.
August 28, 2023 | 2:57 pm
News sentiment analysis
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POSITIVE IMPACT
VinFast's shares continue to rally, but the stock shows extreme volatility due to limited publicly traded shares.
VinFast's shares are rallying, which is positive for the stock. However, the limited availability of publicly traded shares is causing extreme volatility, which could be a risk for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
VinFast is now the third-most valuable automaker, after Toyota.
The news is about VinFast's valuation, not Toyota's. Therefore, the impact on Toyota's stock is neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
VinFast is now the third-most valuable automaker, after Tesla.
The news is about VinFast's valuation, not Tesla's. Therefore, the impact on Tesla's stock is neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50