VinFast Shares Surge on Impressive EV Delivery Growth

VinFast's recent report announcing a 116% year-over-year increase in EV deliveries has excited investors, boosting share prices by nearly 12%. The strong performance contrasts with the broader S&P 500's flat performance, indicating potential growth prospects for the electric vehicle maker.

Date: 23-10-2024

AI Rating: 7

VinFast has recently garnered attention from investors due to its substantial delivery numbers. The report mentions that VinFast delivered a total of 21,912 EVs in Q3, reflecting a year-over-year growth of 116% and a quarter-over-quarter increase of 66%. The impressive figures indicate a thriving domestic market, particularly with over 9,300 vehicles delivered in September alone, achieving the unprecedented position of the top EV maker in Vietnam.

Despite this positive delivery news, it is critical to note that the report lacks specific information regarding the company’s Earnings Per Share (EPS), Net Income, Profit Margins (Gross, Operating, Net), Free Cash Flow (FCF), and Return on Equity (ROE). As a result, while the robust delivery figures paint a positive picture for VinFast’s market presence, there is a concern regarding its profitability. Previous mentions of a
relatively steep loss in Q2 indicate investor hesitation, although the excitement around new delivery figures may help revitalize interest in the stock.

Ultimately, the report's emphasis on a leading delivery performance in the domestic market could encourage investors looking for growth opportunities, especially in the rapidly expanding electric vehicle sector.

Stocks: VFS