At this price, VinFast's capitalization is at 16.3 billion USD, ranking 26th in the list of car manufacturers in the world.
Currently, VinFast is right above the two giants Nissan of Korea and Subaru of Japan. Right above VinFast is the car company XPeng from China.
At the end of the trading session on November 28 (US time), VinFast shares increased by 5.43% compared to the previous session, listed at 6.99 USD/share. (Screenshot)
According to Seeking Alpha, VinFast's stock price has seen a significant increase after Wedbush Securities - a prestigious private investment firm in the US - gave its assessment of the Vietnamese electric vehicle manufacturer with an Outperform rating (synonymous with a buy recommendation).
The team spent time in Vietnam to see the VinFast factory firsthand, study the global logistics and distribution process, and understand the nature of the VinFast team, said Dan Ives, an analyst at the firm.
“While some investors are not optimistic about Vinfast’s future due to the listing being done via a SPAC (Special Purpose Acquisition Company), we disagree with this,” Ives said.
“ Wedbush has visited auto plants around the world and what VinFast has built in Vietnam is unique and one of the most impressive facilities I have ever seen. The scale and impressive EV technology is why we think the stock price will increase,” he said.
Wedbush believes that VinFast electric vehicles are the result of years of research and development, huge engineering resources, and supply chain relationships.
Dan Ives also considers CEO Le Thi Thu Thuy one of the keys to the success of the Vietnamese car company because she is considered to have a deep understanding of the electric vehicle business model.
The US investment firm's assessment shows that VinFast is well positioned to create a sustainable product portfolio for the global transportation industry through rapid manufacturing capabilities.
Meanwhile, analyst Andres Sheppard of Cantor Fitzgerald, an American financial consulting organization, also commented that VinFast shares have many positive points.
" We believe VinFast benefits from affordable electric vehicles, manufactured in Vietnam with a high localization rate and the financial and brand support of Vingroup," Mr. Sheppard said in a recent report.
Sheppard cited promising figures to support his assertion, including that electric vehicle maker VinFast operates in markets across Asia, Europe and North America.
Mr. Sheppard said that the fact that all VinFast cars are currently manufactured in Vietnam, where there is a modern complex with a capacity of 300,000 cars/year, is a big advantage.
"With its mastery of manufacturing technology, VinFast has advantages from large scale of operations, highly automated production facilities, lower production costs, favorable tax policies, cheaper labor and operating costs, as well as established trade agreements," he analyzed.
In addition to its factory in Vietnam, VinFast is also on the path to expanding production internationally. According to the plan, VinFast's new factory in North Carolina will be operational from mid-2025. That will help add 150,000 cars/year, bringing the company's total capacity to 450,000 cars/year.
From all these advantages, Sheppard ranks VinFast shares in the "Overweight" group, meaning "Should Buy".
Thanh Lam
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