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2023-08-30

Pump and dump

VinFast Stock Plunges 44%, Wiping Out $90 Billion in Market Value

The VinFast Auto trading saga continues to get more and more interesting. Shares of the Vietnamese EV start-up snapped a six-day winning streak, falling 44% Tuesday, wiping out some $90 billion in market value.VinFast's controlling shareholder Pham Nhat Vuong lost about $67 billion in paper wealth. At Monday's close, his VinFast stake was worth roughly $141 billion, enough to place him just below Jeff Bezos on Bloomberg's list of richest humans. At Tuesday's close, his stake was worth about $74 billion, placing him just above Jim Walton, the son of Walmart founder Sam Walton.Vuong's holdings of VinFast stock are a little complicated. About 1.2 billion of VinFast's 2.3 billion shares outstanding are held by Vingroup . Vuong owns 51% of that stock either directly or through Vietnam Investment Group, or VIG, in which Vuong is listed as the sole shareholder. About 1.1 billion shares of VinFast are also held directly by VIG and Asian Star, which is another entity controlled by Vuong.It is

VinFast Stock Plunges 44%, Wiping Out $90 Billion in Market Value

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Shares of the Vietnamese EV start-up snapped a six-day winning streak, falling 44% Tuesday, wiping out some $90 billion in market value.VinFast's controlling shareholder Pham Nhat Vuong lost about $67 billion in paper wealth. At Monday's close, his VinFast stake was worth roughly $141 billion, enough to place him just below Jeff Bezos on Bloomberg's list of richest humans. At Tuesday's close, his stake was worth about $74 billion, placing him just above Jim Walton, the son of Walmart  founder Sam Walton.Vuong's holdings of VinFast stock are a little complicated. About 1.2 billion of VinFast's 2.3 billion shares outstanding are held by Vingroup . Vuong owns 51% of that stock either directly or through Vietnam Investment Group, or VIG, in which Vuong is listed as the sole shareholder. About 1.1 billion shares of VinFast are also held directly by VIG and Asian Star, which is another entity controlled by Vuong.It is ","content":"<html><head></head><body><p style=\"text-align: start;\">The VinFast Auto trading saga continues to get more and more interesting. Shares of the Vietnamese EV start-up snapped a six-day winning streak, falling 44% Tuesday, wiping out some $90 billion in market value.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78bd7d967afd12d0aaddcca9265aa51b\" alt=\"VinFast’s wild ride continued on Tuesday with a 44% stock drop.\" title=\"VinFast’s wild ride continued on Tuesday with a 44% stock drop.\" tg-width=\"639\" tg-height=\"426\"/><span>VinFast’s wild ride continued on Tuesday with a 44% stock drop.</span></p><p style=\"text-align: start;\">VinFast’s controlling shareholder Pham Nhat Vuong lost about $67 billion in paper wealth. At Monday’s close, his VinFast stake was worth roughly $141 billion, enough to place him just below Jeff Bezos on Bloomberg’s list of richest humans. At Tuesday’s close, his stake was worth about $74 billion, placing him just above Jim Walton, the son of Walmart (WMT) founder Sam Walton.</p><p>Vuong’s holdings of VinFast stock are a little complicated. About 1.2 billion of VinFast’s 2.3 billion shares outstanding are held by Vingroup (VIC.Vietnam). Vuong owns 51% of that stock either directly or through Vietnam Investment Group, or VIG, in which Vuong is listed as the sole shareholder. About 1.1 billion shares of VinFast are also held directly by VIG and Asian Star, which is another entity controlled by Vuong.</p><p>The result is Vuong controls about 99.7% of VinFast stock and owns directly or indirectly through investment companies up to about 1.7 billion shares.</p><p>All this is disclosed in VinFast’s filings with the Securities and Exchange Commission. The company didn’t immediately respond to a request for comment about the holding structure.</p><p>It is a huge one-day loss, but his stake at the time of the SPAC merger was worth roughly $18 billion. He is still up more than 300%.</p><p>As for VinFast, the company still has a market capitalization greater than $100 billion. It is hanging on to its title as the third-most valuable automaker on the planet, behind Toyota Motor (TM) and Tesla (TSLA). Depending on the accounting for warrants and options it is still up on Porsche (P911.Germany) and BYD (1211.Hong Kong).</p><p>BYD is China’s largest EV maker, selling more than 1.2 million EVs, both battery-electric and plug-in hybrid, in the first half of 2023. VinFast sold about 11,300 battery-electric vehicles in the first half of 2023.</p><p>Investors believe VinFast has a bright future. Still, it is hard to justify the valuation.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VinFast Stock Plunges 44%, Wiping Out $90 Billion in Market Value</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVinFast Stock Plunges 44%, Wiping Out $90 Billion in Market Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-30 07:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">The VinFast Auto trading saga continues to get more and more interesting. Shares of the Vietnamese EV start-up snapped a six-day winning streak, falling 44% Tuesday, wiping out some $90 billion in market value.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78bd7d967afd12d0aaddcca9265aa51b\" alt=\"VinFast’s wild ride continued on Tuesday with a 44% stock drop.\" title=\"VinFast’s wild ride continued on Tuesday with a 44% stock drop.\" tg-width=\"639\" tg-height=\"426\"/><span>VinFast’s wild ride continued on Tuesday with a 44% stock drop.</span></p><p style=\"text-align: start;\">VinFast’s controlling shareholder Pham Nhat Vuong lost about $67 billion in paper wealth. At Monday’s close, his VinFast stake was worth roughly $141 billion, enough to place him just below Jeff Bezos on Bloomberg’s list of richest humans. At Tuesday’s close, his stake was worth about $74 billion, placing him just above Jim Walton, the son of Walmart (WMT) founder Sam Walton.</p><p>Vuong’s holdings of VinFast stock are a little complicated. About 1.2 billion of VinFast’s 2.3 billion shares outstanding are held by Vingroup (VIC.Vietnam). Vuong owns 51% of that stock either directly or through Vietnam Investment Group, or VIG, in which Vuong is listed as the sole shareholder. About 1.1 billion shares of VinFast are also held directly by VIG and Asian Star, which is another entity controlled by Vuong.</p><p>The result is Vuong controls about 99.7% of VinFast stock and owns directly or indirectly through investment companies up to about 1.7 billion shares.</p><p>All this is disclosed in VinFast’s filings with the Securities and Exchange Commission. The company didn’t immediately respond to a request for comment about the holding structure.</p><p>It is a huge one-day loss, but his stake at the time of the SPAC merger was worth roughly $18 billion. He is still up more than 300%.</p><p>As for VinFast, the company still has a market capitalization greater than $100 billion. It is hanging on to its title as the third-most valuable automaker on the planet, behind Toyota Motor (TM) and Tesla (TSLA). Depending on the accounting for warrants and options it is still up on Porsche (P911.Germany) and BYD (1211.Hong Kong).</p><p>BYD is China’s largest EV maker, selling more than 1.2 million EVs, both battery-electric and plug-in hybrid, in the first half of 2023. VinFast sold about 11,300 battery-electric vehicles in the first half of 2023.</p><p>Investors believe VinFast has a bright future. Still, it is hard to justify the valuation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU2063271972.USD":"富兰克林创新领域基金","BK4555":"新能源车","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4527":"明星科技股","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4581":"高盛持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4504":"桥水持仓","BK4099":"汽车制造商","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4548":"巴美列捷福持仓","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4532":"文艺复兴科技持仓","BK4592":"伊斯兰概念","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2363938416","content_text":"The VinFast Auto trading saga continues to get more and more interesting. Shares of the Vietnamese EV start-up snapped a six-day winning streak, falling 44% Tuesday, wiping out some $90 billion in market value.VinFast’s wild ride continued on Tuesday with a 44% stock drop.VinFast’s controlling shareholder Pham Nhat Vuong lost about $67 billion in paper wealth. At Monday’s close, his VinFast stake was worth roughly $141 billion, enough to place him just below Jeff Bezos on Bloomberg’s list of richest humans. At Tuesday’s close, his stake was worth about $74 billion, placing him just above Jim Walton, the son of Walmart (WMT) founder Sam Walton.Vuong’s holdings of VinFast stock are a little complicated. About 1.2 billion of VinFast’s 2.3 billion shares outstanding are held by Vingroup (VIC.Vietnam). Vuong owns 51% of that stock either directly or through Vietnam Investment Group, or VIG, in which Vuong is listed as the sole shareholder. About 1.1 billion shares of VinFast are also held directly by VIG and Asian Star, which is another entity controlled by Vuong.The result is Vuong controls about 99.7% of VinFast stock and owns directly or indirectly through investment companies up to about 1.7 billion shares.All this is disclosed in VinFast’s filings with the Securities and Exchange Commission. The company didn’t immediately respond to a request for comment about the holding structure.It is a huge one-day loss, but his stake at the time of the SPAC merger was worth roughly $18 billion. He is still up more than 300%.As for VinFast, the company still has a market capitalization greater than $100 billion. It is hanging on to its title as the third-most valuable automaker on the planet, behind Toyota Motor (TM) and Tesla (TSLA). Depending on the accounting for warrants and options it is still up on Porsche (P911.Germany) and BYD (1211.Hong Kong).BYD is China’s largest EV maker, selling more than 1.2 million EVs, both battery-electric and plug-in hybrid, in the first half of 2023. VinFast sold about 11,300 battery-electric vehicles in the first half of 2023.Investors believe VinFast has a bright future. Still, it is hard to justify the valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":538,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}