VinFast’s Wild Ride Points to Need for Stock Health Warnings

The Financial Times2023-09-04

Regulators should flag risks when companies have small amount of shares available to tradeJust five years ago, Vietnam’s VinFast started to produce its first cars. Last week the electric vehicle maker...

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Comments

  • j_o
    2023-09-05
    j_o
    Same thing happened to another Vietnamese company SOPA. Suddenly dropped the share value. I bought nearly 1000 shares at a price of $19+, now the price per share is below 50 cents. Huge loss. This is their tactics 
    • 香泉: 
      those stocks face the same problem:long time no profit.
    • HappyYou77: 
      [Surprised]
  • Cedric77
    2023-09-05
    Cedric77
    Vingroup is the majority shareholder of VinFast, with a holding of 72.8%. This is followed by BlackRock, which holds 8.7% of the company. TPG Capital, Sequoia Capital, and SoftBank Vision Fund each hold 7.4%, 4.5%, and 2.5% of VinFast, respectively. The wild swing of VinFast Auto share price is due to a number of factors, including: • Low float: The float of VinFast Auto is very low, meaning that there are a limited number of shares available to trade. This can make the stock more volatile, as even small changes in demand can have a big impact on the price. • Speculative trading: VinFast Auto is a relatively new company and it is not yet profitable. This makes it a more speculative investment, which means that investors are more likely to buy and sell the stock based on short-ter
  • Sunshinekim
    2023-09-05
    Sunshinekim
    It was obvious from the beginning that sentiments and not fundamental was in play. 
  • Guavaxf30
    2023-09-04
    Guavaxf30
    If the free flost of Vinfast shares is worth $64 b, and that is only 1% of total shares with 99% held by a single Vietnamese man, would this mean that this guy is worth $6,339 billion? Seriously? Does this make any sense? Get out immediately!!!
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