VNG Pre-IPO - The Positives - Vietnam's Mini-Tencent
Vng (VNG US), Vietnam’s leading internet platform, aims to raise up to US$300m in its US IPO. In this note we talk about the positive aspects of...
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Vingroup: VinFast's Valuation Makes No Sense
Vingroup has undeniable scale advantages to maintain its property sector leadership. Yet a property recovery in what has been a largely unregulated...
418 Views
MVIS Vietnam Index Rebalance: One Deletion; Float & Capping Changes
There is one deletion from the index, plus a bunch of changes to float and capping factors. One-way turnover is 4.2% and passives need to buy over...
590 Views
The Week That Was in ASEAN@Smartkarma - BCA's Connectivity, VinFast to IPO, and I-Tail Corp Listing
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
383 Views
VinFast Auto IPO: The Bear Case
The key elements of the bear case are a lack of brand recognition, questionable ability to generate profits, the precarious state of financing and...
489 Views