Investors win billions of dollars by competing to buy "VIN family"

VinFast shares are expected to nearly double

The global electric vehicle market was less buoyant last week as industry giants Tesla sharply “reversed” causing billionaire Elon Musk to lose billions of dollars. At the same time, according to Market Watch, shares of electric vehicle startups Fisker (FSR), Rivian Automotive (RIVN) and Lucid (LCID) were all lower.

At one point, VinFast’s stock price increased by 36%. Last night, this code adjusted slightly but still received trust from investors.

VinFast shares have received two analyst ratings since the SPAC merger in August, Market Watch said. Both recommendations are “Buy.” The average analyst price target is $9. One analyst has a $11 price target.

Vinfast shares are expected to increase nearly twice as much as the previous month, as investors rushed to buy Vinfast shares. — The news of billionaire Pham Nhat Vuong's unexpected encounter with Indian billionaire Adani received great public attention (Photo: Gautam Adani).

Thus, if VinFast develops as predicted by international experts, this stock price will nearly double compared to the present time.

And finally, Market Watch commented: “VinFast is still a valuable electric vehicle startup.”

VinFast received attention from domestic and international investors when Indian billionaire Gautam Shantilal Adani shared about his meeting with Vingroup Chairman Pham Nhat Vuong on his personal Twitter page.

During the meeting, the two businessmen, both on the Forbes list of “The Richest People in the World ,” discussed potential business opportunities between India and Vietnam.

The second richest man in India and the 23rd richest man in the world said he was truly inspired by the impressive entrepreneurial journey of Mr. Pham Nhat Vuong. Billionaire Adani was impressed by the visionary leadership of the Chairman of Vingroup.

Investors win big in race to buy VIN stocks

The rise of VinFast on the Nasdaq has inspired the “VIN” family stocks in the domestic market. In recent sessions, investors have rushed to buy VIC, VHM and VRE stocks, helping these codes skyrocket.

Specifically, at the close of the November 9 session, Vingroup's VIC stock increased by VND2,400/share, equivalent to 5.58% to VND45,400/share. Thanks to that, Vingroup's market capitalization increased by VND9,153 billion to VND173,153 billion.

Compared to the end of last week, VIC price increased by 3,800 VND/share. The value of VIC shares of shareholders increased by 14,493 billion VND. Thus, after less than 1 week, VIC shareholders "pocketed" nearly 14,500 billion VND.

Similar to VIC, Vinhomes' VHM stock also accelerated, increasing by VND1,900/share, equivalent to 4.63% to VND42,900/share. VHM helped Vinhomes' market capitalization increase by VND8,273 billion.

Compared to last weekend, VHM increased by 2,400 VND/share, bringing Vinhomes 10,450 billion VND in market capitalization. That is also the benefit that all Vinhomes shareholders receive.

At the close of the November 9 stock market session, VRE shares of Vincom Retail Joint Stock Company increased by VND600/share, equivalent to 2.53% to VND24,300/share. VRE helped shareholders' VRE shares value increase by VND1,397 billion.

It can be seen that thanks to the competition to buy "VIN family" stocks, investors have earned billions of dollars in profits this week.

And not only benefiting shareholders, in recent sessions, VIC, VHM and VRE have also played an inspirational role and led the excitement of the stock market in recent sessions.

VN-Index escapes liquidity "exhaustion"

In addition to helping VN-Index increase strongly, the role of the trio VIC, VHM and VRE is even more important in improving liquidity for VN-Index.

For a long time, one of the biggest concerns of the market has been the lack of liquidity. But recently, especially on November 9, the trading value on the Ho Chi Minh City Stock Exchange has skyrocketed to over VND21,000 billion from an average of over VND14,000 billion over the past period. This positive signal appeared when money rushed to buy "VIN" stocks.

VIC's liquidity in the session on November 9 was 7.3 million shares, a sharp increase compared to 4.7 million shares in the session on November 8, VHM's trading value was 15.5 million shares, an increase compared to 7.7 million shares.

In the session of November 10, "VIN" stocks slightly adjusted along with VN-Index. And this is a buying opportunity for those who "missed the boat" yesterday.

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