VinFast: Vietnam EV maker valued at more than Ford or GM

[Viet]

I bought 15 shares at 60 for fun. To my surprise it went to 71 now at friday close. Jumped from 20 to 70 and will probably go higher because CEO owns 99% of the float.

Congrats
You make profit if you sell now.
Share up 30 percent in Europe stock tradings
$86

 

[Viet]

Crazy
Share hits the roof. Very volatile.
Market cap at some point over $200 billion.

Vinfast rallies on after becoming world's third-most valuable automaker

The company made a blowout debut on Wall Street this month and has quickly grown in valuation to become the third-most valuable automaker - only behind Tesla and Toyota. But Vinfast's small amount of publicly available shares has made the stock prone to volatility, with shares jumping or...

finance.yahoo.com

 

[Viet]

$200 billion market cap is taken surpassing BYD by wide margin.

BYD steht im Schatten von VinFast: Der Wahnsinn kennt keine Grenzen!

Die Aktie von VinFast ist der Renner! Der vietnamesische Autobauer ist wertvoller als BYD. Wird die Erfolgsgeschichte weiter gehen oder ein böses Ende nehmen?

www.wallstreet-online.de

 

[CIA Mole]

$200 billion market cap is taken surpassing BYD by wide margin.


View attachment 949388

BYD steht im Schatten von VinFast: Der Wahnsinn kennt keine Grenzen!

Die Aktie von VinFast ist der Renner! Der vietnamesische Autobauer ist wertvoller als BYD. Wird die Erfolgsgeschichte weiter gehen oder ein böses Ende nehmen?

www.wallstreet-online.de

$200 billion market cap is taken surpassing BYD by wide margin.


View attachment 949388

BYD steht im Schatten von VinFast: Der Wahnsinn kennt keine Grenzen!

Die Aktie von VinFast ist der Renner! Der vietnamesische Autobauer ist wertvoller als BYD. Wird die Erfolgsgeschichte weiter gehen oder ein böses Ende nehmen?

www.wallstreet-online.de

owner is technically 3rd richest person in the world now

 

[KAL-EL]

I want to buy some shares

 

[Viet]

owner is technically 3rd richest person in the world now

He is the richest man in Vietnam. And now on paper yes his money coffers increased by $200 billion. But he can’t sell the shares yet. Not bad for someone who started an instant noodle business in Kharkiv, Ukraine. His father served in the Vietnamese army, the mother has a tea shop.

 

[Han Patriot]

He is the richest man in Vietnam. And now on paper yes his money coffers increased by $200 billion. But he can’t sell the shares yet. Not bad for someone who started an instant noodle business in Kharkiv, Ukraine. His father served in the Vietnamese army, the mother has a tea shop.

He should sell some now and make a quick buck.

 

[CIA Mole]

VinFast Loses $90 Billion in Market Value

VinFast stock snapped a six-day winning streak, hard. Shares fell 43.8% Tuesday, wiping out about $90 billion in market value.

www.barrons.com

almost full circle

couldnt rly get in on this cuz option’s premium was 80% of underlying share price

 

[KampfAlwin]

$200 billion market cap is taken surpassing BYD by wide margin.


View attachment 949388

BYD steht im Schatten von VinFast: Der Wahnsinn kennt keine Grenzen!

Die Aktie von VinFast ist der Renner! Der vietnamesische Autobauer ist wertvoller als BYD. Wird die Erfolgsgeschichte weiter gehen oder ein böses Ende nehmen?

www.wallstreet-online.de

Yeah, with none of the technology. Vinfast is a scam with nothing to show for.

 

[Viet]

He should sell some now and make a quick buck.

No not possible yet
The freeze is 6 months minimum after IPO

 

[KampfAlwin]

BYD starting to see higher margins, Li auto has the highest.

 

[StraightEdge]

VinFast is a classic case of extremely low float. 99.7% of the shares are controlled by the directors/promoters themselves.

Out of 2.32 billion shares, only mere 7.2 million are available for public trade. I don't know how did it get past the regulators. In India we have laws that restrict promoters to have a public float of minimum 25%. This is just a classic case of momentum buying. Bloomberg gave a very good example - AMTD digital. It lost 99% of market cap after such a surge due to low float.

 

[Viet]

Yeah, with none of the technology. Vinfast is a scam with nothing to show for.

What technology has Tesla to justify its valuation? The giga press comes from Idra. The driving software comes from India. Battery comes from elsewhere. Factory from US, Germany, China, employees from different countries. Tesla just puts everything together.

VinFast is a classic case of extremely low float. 99.7% of the shares are controlled by the directors/promoters themselves.

View attachment 949809

Out of 2.32 billion shares, only mere 7.2 million are available for public trade. I don't know how did it get past the regulators. In India we have laws that restrict promoters to have a public float of minimum 25%. This is just a classic case of momentum buying. Bloomberg gave a very good example - AMTD digital. It lost 99% of market cap after such a surge due to low float.

If I am not wrong Nasdaq listing does not require a minimum floating shares.

 

[StraightEdge]

If I am not wrong Nasdaq listing does not require a minimum floating shares.

That I have no information about - I barely know few laws in India.

 

[Viet]

That I have no information about - I barely know few laws in India.

Hear the rules. Nasdaq requires a fleet float of minimum 1 million shares and 300 shareholders minimum, a share worth minimum $4. There are other requirements like minimum revenues, independent directors, independent accounting. That is an easy jump for VF.

https://listingcenter.nasdaq.com/assets/initialguide.pdf