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

Weekly jobless claims fell to 201,000, below estimates. Cisco Systems is acquiring Splunk for $28 billion, causing a rally in Splunk's stock and a fall in Cisco's. Starbucks announced a 7.5% increase in its quarterly dividend. Keurig Dr Pepper appointed Tim Cofer as COO, effective Nov.6, 2023. Kraft Heinz recalled 83,800 cases of Kraft Singles due to choking hazard. Google is replacing Broadcom with Marvell for AI chips. Nio launched a smartphone to compete in China's EV market. Toshiba is going private after a successful $14 billion tender offer from JIP. Unilever is selling some of its non-core beauty brands. UBS terminated 70% of Credit Suisse's HK research staff. VinFast plans to ship EVs to Europe by end of 2023. Paramount Global and Warner Bros. Discovery stocks rose amid reports of a potential end to the Hollywood writers' strike. Arm Holdings and Instacart stocks declined, raising concerns about tech IPOs. The DOJ limited access to key evidence in its antitrust case against Google. Kia launched its cheapest EV in South Korea. KB Home reported a Q3 sales decline of 13.9% YoY but beat estimates. Darden Restaurants reported Q1 sales growth of 11.6% YoY, beating estimates. FactSet Research reported Q4 sales growth of 7.3% YoY, slightly beating estimates.

Portfolio Pulse from Vandana Singh

September 21, 2023 | 2:02 pm

Vietnamese electric vehicle manufacturer VinFast Auto Ltd (NASDAQ:VFS) plans to ship its first batch of EVs to Europe this year after regulatory approval. The company aims to ship about 3,000 of its VF8 crossovers to France, Germany, and the Netherlands in Q4. If successful, Europe will be VinFast's biggest overseas market in 2023. The company is also working to obtain the voluntary Euro NCAP safety rating. VFS shares are trading lower by 0.70% at $17.07 in premarket on the last check Thursday.

Portfolio Pulse from Shivani Kumaresan

September 21, 2023 | 12:54 pm

The CEO of Vinfast has stated in a conference call that the labor cost in North Carolina is higher than anticipated.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:24 pm

Vietnamese EV maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, according to the CEO. The company is set to compete with Chinese rivals in the European market.

Portfolio Pulse from Charles Gross

September 21, 2023 | 9:02 am

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tesla (TSLA), NIO (NIO), Rivian (RIVN), Li Auto (LI), WW International (WW), Lucid Group (LCID), General Motors (GM), Peloton (PTON), V.F. Corporation (VFS), and Airbnb (ABNB). The article provides detailed information about the options trades, including the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 5:35 pm

Electric vehicle (EV) stocks saw gains this week, with Tesla (TSLA) benefiting from an upgrade by Morgan Stanley and the potential of its Dojo supercomputer. Tesla's Giga Mexico construction could start soon, and the company is planning to raise $1.8 billion through securitization of its electric car leases. Nikola (NKLA) CEO Steve Girsky addressed concerns over a recall of its battery-electric trucks, stating it does not affect production or deliveries of the fuel-cell electric vehicle. Rivian (RIVN) held its own in the EV market, with registrations for its vehicles increasing in July. Faraday Future (FFIE) saw a jump in shares after a video of a reality TV personality taking delivery of his FF 91 2.0 Futurist Alliance. Volkswagen (VWAGY) plans to cut staff due to low demand for electric cars.

Portfolio Pulse from Shanthi Rexaline

September 16, 2023 | 1:05 pm

Vietnamese electric carmaker Vinfast is recruiting in India, looking to hire managers for sales, aftersales service, and back office, according to a Reuters report citing LinkedIn.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 2:32 pm

Vietnamese EV maker VinFast Auto (NASDAQ:VFS) plans to expand into seven additional market clusters, including Indonesia, starting in 2024. The company also intends to establish manufacturing facilities for its EVs and batteries in Indonesia, with a preliminary investment target of up to $1.2 billion. VinFast shares started trading on the Nasdaq in August following a SPAC merger with Black Spade Acquisition Co.

Portfolio Pulse from Anan Ashraf

September 13, 2023 | 7:00 am

Several stocks recorded gains in Tuesday's trading session. Shengfeng Development Limited (SFWL), Cognyte Software Ltd. (CGNT), The Beauty Health Company (SKIN), Bitfarms Ltd. (BITF), MoonLake Immunotherapeutics (MLTX), TeraWulf Inc. (WULF), NextNav Inc. (NN), ImmunityBio, Inc. (IBRX), Casey's General Stores, Inc. (CASY), United Homes Group, Inc. (UHG), CleanSpark, Inc. (CLSK), Riot Platforms, Inc. (RIOT), IonQ, Inc. (IONQ), Cipher Mining Inc. (CIFR), GameStop Corp. (GME), Matrix Service Company (MTRX), Coinbase Global, Inc. (COIN), VinFast Auto Ltd. (VFS), Hut 8 Mining Corp. (HUT), and IAMGOLD Corporation (IAG) all saw increases in their share prices.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 2:24 pm

Vinfast Auto has filed a prospectus relating to the offer of up to 10.8 million ordinary shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 1:33 pm

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