The Daily Chase: Misses from BMO, Scotiabank
BNN Bloomberg
Here are five things you need to know this morning.
This Tracy Chapman anthem could narrate the trajectory of Vietnamese automaker VinFast. This little-known car company is now the third most valuable carmaker in the world, behind Tesla and Toyota. Since going public exactly two weeks ago, shares have surged nearly 700 per cent. It’s worth more than Goldman Sachs and Disney. Last year, it sold just 24,000 cars around the world (compared to Volkswagen, which sold more than eight million). It is also losing money, but with thin float, it’s also a dangerous short.
I’ll just watch this one from the sidelines singing the rest of this song: “You got a fast car, is it fast enough so we can fly away? We gotta make a decision, leave tonight or live and die this way.”
Here are five things you need to know this morning:
