Posted on 12/09/2023 8:23:48 PM PST by cba123
Shares of VinFast Auto, a Vietnamese electric-vehicle start-up, are rising after picking up a new bullish rating on Wall Street.
Tuesday, Wedbush analyst Dan Ives launched coverage of VinFast stock (ticker: VFS) with a Buy rating and a $12 price target.
That values VinFast equity at about $25 billion. Ives also rates Rivian Automotive stock (RIVN) at Buy with a $25 price target. That target values Rivian equity at just under $25 billion.
(Bullish)
(Excerpt) Read more at msn.com ...
No idea what is Vinfast or Rivian.
It seems more “green” corruption.
I bought 500 shares at $6.12 a few weeks ago. It’s been up to $8.70 but holding mostly around $6.50 range. Not sure where it might go.
I think that sounds like a good buy.
I am coming back to America in a couple months, and may just buy a bit.
>’m thinking of buying some jan25 calls for around $1.50.
Dicey EV startup out of Viet Nam.
Yes, sounds like a lock. The next Tesla, for sure.
Haha. Ok maybe not a lock, but VinFast is quite serious about competing in the American market.
They are building a huge factory in North Carolina I believe it is, and they do have plans to release the absolutely cheap electric car in America, probably made in America, in about one year.
Maybe 😎
EVs suck. NO.ONE.WANTS.THEM.
cheap electric car = glorified golf cart/death trap.
We will roll out the RED carpet for you.
Find out who the Vietnamese donors are to the Biden campaign and WEF. At least we can then see how long to hold onto the stock before it collapses.
The phrase “pump and dump” comes to mind...
VinFast’s EV Sales Are Mostly to Another of Its Owner’s Companies"VinFast enjoyed a sorely needed win last month when it went public with an initial stock valuation of $85 billion, higher than GM, Ford, and BMW. While that number has come down significantly since then, the company is still valued higher than some automotive giants, such as Hyundai. However, according to the Financial Times, the Vietnamese electric automaker only sold 11,300 vehicles in the first half of 2023, and 7,100 of those cars were bought by a taxi service under the VinGroup umbrella.
The taxi firm that bought the majority of VinFast's cars is Green and Smart Mobility (GSM), which belongs to the same parent company as VinFast—VinGroup. All VinGroup companies are mostly owned by the same man: Vietnamese billionaire Pham Nhat Vuong, who claims 99% of VinFast, even after its small amount of shares being traded.
Furthermore, in a recent VinFast U.S. Securities and Exchange Commission filing, the EV startup admitted that another part of its revenue came from selling battery components to VinES, an energy provider; and selling buses to VinBus, an electric bus company. Take a guess who owns those two brands.
VinFast wants to sell 50,000 cars this year, but it reportedly struck a deal with GSM for 30,000 EVs back in March, which doesn't leave many more for customers in the global market. According to Automotive News, VinFast only sold 128 cars in the U.S. between January and May of 2023."
I lost over 20K on pump and dumps, noncompliant sec stocks and outright frauds. Let a professional money manager pick your stocks and funds and you’ll be that much ahead!
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