Streetbeat News

VFS

VinFast Auto Ltd.

Industry

Auto - Manufacturers

VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam and the United States. The company operates through Automobiles, E-scooter, Spare Parts, and Aftermarket Services segments. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. The company operates as a subsidiary of Vingroup Joint Stock Company.

Open

3.90

Mkt cap

9.4B

Volume

1.1M

High

4.10

P/E Ratio

-3.78

52-wk high

9.30

Low

3.80

Div yield

N/A

52-wk low

2.25

VinFast Auto reported delivering 21,912 electric vehicles in Q3, marking a 66% increase quarter-over-quarter and a 116% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:08 am

The EV sector faced a challenging week with most stocks declining. Tesla's 'We, Robot' event disappointed investors, leading to a 9% stock drop. Lucid exceeded Q3 delivery estimates, while GM revised its battery strategy. XPeng launched a new AI-defined sedan.

Portfolio Pulse from Shanthi Rexaline

October 12, 2024 | 7:45 pm

The EV sector experienced a mixed week with Tesla's Q3 deliveries slightly beating estimates but causing a stock dip, Rivian missing sales forecasts and seeking a DOE loan, and Nikola exceeding delivery expectations. GM saw a rise in EV sales, while Ford's growth was modest. Nio plans expansion in the MENA region.

Portfolio Pulse from Shanthi Rexaline

October 05, 2024 | 5:13 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:45 pm

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on VinFast Auto (NASDAQ:VFS) and maintained a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:40 pm

The EV sector saw mixed results this week. Tesla's China sales are on track for a record quarter, while European sales declined. Rivian launched new tri-motor R1 variants, and Nio introduced the Onvo L60. Faraday Future announced a new brand, and Hyzon Motors began production of a new hydrogen truck.

Portfolio Pulse from Shanthi Rexaline

September 21, 2024 | 2:14 pm

VinFast Auto shares declined following the release of disappointing Q2 financial results and a warning about a challenging macroeconomic outlook for the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 3:47 pm

VinFast Auto Ltd. (NASDAQ:VFS) reported a Q2 loss per share of 33 cents, missing expectations of a 21-cent loss, and sales of $357.4 million, below the expected $460.09 million. Despite a 43% increase in EV deliveries, shares fell 3.79% due to challenging macro EV outlook and missed targets.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 2:14 pm

VinFast Auto reported a Q2 EPS of $(0.33), missing the $(0.21) estimate, and sales of $357M, missing the $460.09M estimate. Despite the misses, sales increased by 8.84% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 12:19 pm

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