Vinfast (VFS US) - Some Respite from the US
More than half of Vinfast sales were to related parties, which is an overhang in terms of the sustainability of its business models, whilst...
483 Views
Vinfast (VFS US) - An EV Accident Waiting to Happen?
Vinfast is big on promise but low on delivery, with sales in FY2023 below expectations, and the majority being to related companies. There are...
392 Views
The Week That Was in ASEAN@Smartkarma - Ciputra Development, Arwana's Catalyst, and Thai Beverage.
The past week saw insights on Ciputra Development (CTRA IJ), DCI Indonesia (DCII IJ), Arwana Citramulia (ARNA IJ), Thai Beverage (THBEV SP), and...
51 Views
2024 High Conviction: VinFast (VFS US) – Heading for Trouble
VinFast remains an avoid due to related party-driven EV sales, declining customer traction, operating losses, cash burn, equity raise overhang and...
563 Views
VinFast: Inexplicable Valuation
VinFast faces headwinds of poor reviews, declining customer traction, ongoing losses and cash burn. VinFast is trading at a material premium to...
346 Views