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

U.S. stocks were mostly lower on Friday, with the Dow Jones index falling around 300 points. However, several stocks saw significant gains. Hasbro, Inc. (NASDAQ:HAS) rose 5.5% after an upgrade from B of A Securities. Disc Medicine, Inc. (NASDAQ:IRON) gained 15.6% following a $178 million underwritten offering. UroGen Pharma Ltd. (NASDAQ:URGN) rose 15.4% due to positive Phase 3 trial results. Adobe Inc. (NASDAQ:ADBE) surged 14.3% on strong earnings. Other notable gainers include Ocular Therapeutix, Inc. (NASDAQ:OCUL), VinFast Auto Ltd. (NASDAQ:VFS), Tutor Perini Corporation (NYSE:TPC), and Arm Holdings plc (NASDAQ:ARM).

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 2:29 pm

VinFast Auto expects a significant increase in U.S. sales this year, projecting a 30x to 40x rise over the $6.4 million in 2023. The company anticipates sustained growth for the next five years and is approaching its break-even point. However, this outlook is subject to change based on market conditions.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:01 pm

VinFast Auto (NASDAQ:VFS) is accelerating its expansion across Asia despite a global slowdown in electric vehicle demand. The company is opening factories in India and Indonesia ahead of schedule, even as it faces challenges in the U.S. market and a significant drop in stock value.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 10:05 am

The article highlights the 11 large-cap stocks that were the worst performers from June 1 to June 7. GameStop, NIO, Vistra, Bath & Body Works, VinFast Auto, Vertiv Holdings, Builders FirstSource, E.L.F. Beauty, NICE Ltd, Comfort Systems USA, and Dell Technologies saw significant declines due to various factors including disappointing earnings and other company-specific news.

Portfolio Pulse from Lekha Gupta

June 09, 2024 | 6:04 pm

The article discusses key events in the electric vehicle (EV) sector for the week ending June 7. Tesla is pushing for shareholder approval of Elon Musk's 2018 pay package, Rivian launched revamped R1 vehicles, Nikola received shareholder approval for a reverse stock split, and Fisker defaulted on a loan payment. Ford's CEO emphasized the importance of affordable EVs, and the KraneShares Electric Vehicles and Future Mobility Index ETF saw a decline.

Portfolio Pulse from Shanthi Rexaline

June 08, 2024 | 1:36 pm

The EV market had a mixed week ending May 31, with Tesla facing modest losses amid weak economic readings. Key events included Tesla's shareholder meeting and recall, Rivian's Q2 warning, Fisker's layoffs, Faraday Future's stock drop, and Lucid's UAE expansion.

Portfolio Pulse from Shanthi Rexaline

June 01, 2024 | 3:03 pm

VinFast shares are trading lower following reports that the company is postponing its $4 billion factory in North Carolina.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:33 pm

VinFast Auto Ltd. (NASDAQ: VFS) shares are trading slightly lower premarket as the company considers postponing its $4 billion factory in North Carolina due to challenges in appealing to American consumers. The factory, initially planned for completion in July 2024, was already delayed to 2025 and may face further delays. VinFast sold fewer than 1,000 cars in North America last year and is currently reviewing all aspects of the construction process.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 10:51 am

The article highlights the worst-performing large-cap stocks for the week of May 19-May 26, 2024. Key reasons for the declines include poor financial results, equity raises, executive resignations, and reduced ownership stakes.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 3:16 pm

The EV sector saw significant developments this week, including Tesla's production cut in China, Lucid's workforce reduction, Nikola's new truck orders, and Ford's potential easing of EV sales norms for dealers. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 4.88% for the week.

Portfolio Pulse from Shanthi Rexaline

May 25, 2024 | 1:10 pm

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