Shares & Derivatives
What do we learn from VinFast’s 800% share price surge?
By SG Money Matters  •  September 23, 2023
What goes up must come down. This phrase coined by Sir Isaac Newton may be true for the Universal Law of Gravity, but is it also a lesson we can learn in the world of finance? VinFast, a Singapore-based multinational automotive company under the umbrella of Vingroup, has witnessed an astounding 800% surge in a short span of time, only to fall back to its original value in a few days. Source: Trading View This is the sobering truth of the stock market. What happened to VinFast? Shares of Vietnamese electric vehicle (EV) maker VinFast Auto have soared after their initial public offering (IPO). In fact, the stock nearly quadrupled at one point and has traded as high as $93 per share. However, the current price is now $15.75, a stark difference from its highest point. It is almost back to the starting point before the surge....
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By SG Money Matters
Howdy. My name is Ivan. I am a blogger and fee-based financial adviser. I spent the last decade providing financial advisory services to both individuals and business. My speciality is financial planning for early retirement.
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