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

Vietnamese EV manufacturer VinFast Auto Ltd. (NASDAQ:VFS) has seen its market capitalization surge to $190 billion, a 600% increase since its IPO in mid-August 2023. This valuation surpasses the combined market worth of Ford Company (NYSE:F), General Motors (NYSE:GM), Ferrari (NYSE:RACE), and Stellantis N.V. (NYSE:STLA). VinFast is now the world's third-largest automobile manufacturer, behind Tesla Inc. (NYSE:TSLA) and Toyota Motor Corp. (NYSE:TM). However, the company's value defies conventional metrics, with global car sales of only 24,000 units in 2022 and a net loss of nearly $600 million in the first quarter of the current year.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 2:35 pm

US stocks traded mostly flat with the Dow Jones falling around 10 points. Best Buy Co Inc (BBY) posted better-than-expected results for the second quarter with sales of $9.58 billion, beating the analyst consensus estimate of $9.52 billion. Axcella Health Inc. (AXLA), Tivic Health Systems, Inc. (TIVC), and iCoreConnect Inc. (ICCT) saw significant increases in their share prices. Meanwhile, VinFast Auto Ltd. (VFS), Chanson International Holding (CHSN), and First Light Acquisition Group, Inc. (FLAG) experienced drops in their share prices.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 1:44 pm

Shares of VinFast Auto are trading lower following a recent surge in the stock's value.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 1:43 pm

The article lists the top 10 stocks on WallStreetBets as of August 29, 2023. The stocks include NVDA, VFST, TSLA, AMC, GME, PDD, BBY, NIO, CVNA, and AMZN.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 1:42 pm

Several stocks including HEICO Corporation, VinFast Auto Ltd., Canoo Inc., Agenus Inc., Canaan Inc., and Tango Therapeutics, Inc. recorded losses in Tuesday's pre-market trading session. HEICO shares fell after reporting Q3 results, while Canaan shares dropped following downbeat Q2 results. Canoo shares declined after the company announced a new CFO.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 10:27 am

Vietnamese electric vehicle startup VinFast Auto Ltd. (NYSE:VF) has seen its shares rise from under $11 to over $82, giving it a valuation of more than $191 billion. Noted Tesla investor and Future Fund Managing Partner Gary Black commented that VinFast at $200 billion market cap is an even bigger bubble than Nikola Corp. (NASDAQ:NKLA), which in 2020 traded at $60 per share and had a $25 billion market cap. Despite the registrations for VinFast’s EVs hitting only 137 in the U.S. in the first half of the year, the company expects to sell 50,000 EVs this year.

Portfolio Pulse from Shanthi Rexaline

August 29, 2023 | 9:28 am

Vietnamese EV manufacturer VinFast's shares surged 20% in the U.S. market, making it the third largest automaker by market capitalization globally, after Tesla and Toyota. Despite not being fully operational in the U.S., the EV boom has prompted a buying frenzy among individual investors. VinFast, which was listed on the Nasdaq in mid-August, overtook the market cap of General Motors and Ford Motor on its first trading day.

Portfolio Pulse from Benzinga Neuro

August 29, 2023 | 4:35 am

Several stocks experienced significant movement in Monday's mid-day session. Notable gainers included Mobile Infrastructure Corporation (BEEP), GD Culture Group Limited (GDC), Hersha Hospitality Trust (HT), and Hawaiian Electric Industries, Inc. (HE). On the other hand, AgileThought, Inc. (AGIL), NovoCure Limited (NVCR), Faraday Future Intelligent Electric Inc. (FFIE), and Heliogen, Inc. (HLGN) were among the biggest losers.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 5:52 pm

During Monday's intraday session, several consumer discretionary stocks experienced significant movement. Gainers included Genius Gr (GNS), Lixiang Education Hldg (LXEH), China Liberal Education (CLEU), Uxin (UXIN), Kaival Brands Innovations (KAVL), and VinFast Auto (VFS). Losers included PARTS iD (ID), XWELL (XWEL), EBET (EBET), Jiuzi Hldgs (JZXN), SIGNA Sports United (SSU), and Color Star Tech (ADD).

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 5:31 pm

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.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 2:57 pm

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