AllPennyStocks.com This Vietnamese Auto Company Popped On Q3 Results

This Vietnamese Auto Company Popped On Q3 Results

This Vietnamese Auto Company Popped On Q3 Results By: Dylan Sikes – AllPennyStocks.com News

Tuesday, November 26, 2024

A diversified auto company based out of Vietnam is turning heads on Tuesday after it was announced that the company reported better-than-expected third quarter numbers. 

While it’s not always common to hyper focus on fundamentals in the penny stock realm, it’s a crucial piece of the overall puzzle, especially if you’re more of a long-term holder of securities.

Traders were quick to snatch up shares of VinFast Auto Ltd. (Nasdaq:VFS) on Tuesday, pushing the stock up to $4.09/share (+4.07%) at the early session high.

VinFast Auto Ltd., an automotive manufacturer, engages in Automobiles and E-scooter related business in Vietnam and the United States. The company operates through Automobiles, E-scooter, Spare Parts, and Aftermarket Services segments. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses. The E-scooter segment provides design, development, manufacturing, and sales of e-scooters. The Spare Parts, and Aftermarket Services segment engages in sale of spare parts and aftermarket services for automobiles and e-scooters. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. The company operates as a subsidiary of Vingroup Joint Stock Company.


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