VinFast drops as Q2 operating loss nearly triples

By Reuters News

** US-listed shares of Vietnamese electric-vehicle maker VinFast VFS.O fall 5.5% to $2.95

** Shares set for biggest one-day drop since late July

** Q2 operating loss at VFS nearly tripled to $1.16 billion, compared to a year-ago

** However, Q2 revenue jumped 85.5% YoY, aided by a one-time restructuring-related gain

** 4 of 5 brokerages rate the stock "buy" or higher, and 1 "hold"; their median PT is $5.75 - LSEG-compiled data

** Including session moves, stock down 11.8% YTD, compared with a 14% increase in the Nasdaq .IXIC index

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