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's shares are experiencing a downturn due to continued volatility following the company's Q3 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:47 pm

Disney reduces ticket prices for children due to attendance slump. Amazon discontinues its live-audio app, Amp. US government to stop free distribution of Merck's COVID-19 pill. UK regulators investigate Amazon and Microsoft's dominance in cloud computing. Dell to update its long-term financial framework. Dover acquires FW Murphy for $530M. Constellation Brands reports Q2 net sales growth of 7%. Polestar Automotive reports Q3 delivery growth of 50%. VinFast Auto reports Q3 revenues of $342.66 million. Clorox shares fall after reporting preliminary Q1 FY24 financial results. ConAgra Brands reports flat Q1 FY24 sales. Buckle Inc reports 11.1% drop in comparable store sales for September.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 2:01 pm

During Thursday's pre-market session, several consumer discretionary stocks saw significant movement. Gainers included Alliance Entertainment (AENT), Golden Heaven Group Hldgs (GDHG), VinFast Auto (VFS), PARTS iD (ID), Torrid Holdings (CURV), and EBET (EBET). Losers included Emerson Radio (MSN), Inspirato (ISPO), Rivian Automotive (RIVN), Dixie Gr (DXYN), RumbleON (RMBL), and Beachbody Co (BODY).

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:10 pm

VinFast Auto reported Q3 financial results, indicating a 185.2% YoY increase in vehicle sales. This positive news has led to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:34 pm

Vinfast CEO announced that the company's US dealerships will be open by the end of the year. He also expects the company to break even within two years and to be running its Vietnam factory at full capacity within the same timeframe.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 12:31 pm

VinFast Auto Ltd. (NASDAQ:VFS) reported Q3 revenues of $342.66 million, a 159.3% Y/Y increase and a 3.8% increase from Q2. The company's EV deliveries were 10,027 in Q3, a 5.2% increase from Q2. E-scooter deliveries were 28,220 in Q3, a 112.9% increase from Q3 2022. The company reported a net loss per ordinary share of $(0.27) in Q3. VinFast affirms its FY2023 delivery target of between 40,000 and 50,000 vehicles and expects a saving of $400 million in capital expenditures planned for global manufacturing between 2024 and 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 12:13 pm

VinFast Auto, a Vietnamese automaker, expects to receive up to $1.2 billion or more in grants from Vingroup, its chairman, and two key shareholders in the next six months.

Portfolio Pulse from Charles Gross

October 05, 2023 | 10:36 am

VinFast Auto has reported its quarterly vehicle sales at $319.5M, marking an increase of 185.2% year-over-year.

Portfolio Pulse from Charles Gross

October 05, 2023 | 10:35 am

Vinfast Auto has confirmed its FY2023 delivery target of between 40,000 and 50,000 vehicles.

Portfolio Pulse from Charles Gross

October 05, 2023 | 10:30 am

VinFast Auto (NASDAQ:VFS) reported Q3 losses of $(0.27) per share and sales of $342.66 million.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:28 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.