Beijing time:2022-12-14 11:34
[New Tang Dynasty News, Beijing time, December 14, 2022]After three weeks, the well-known American investor Warren‧Buffett(Warren Buffett) selling once moreChina’s new energy vehiclesmanufacturerBYDstock.
On December 13, Berkshire Hathaway sold 1.33 million shares, according to a Hong Kong Stock Exchange filing.BYDShare H shares, the average price is 201 Hong Kong dollars, the total value is regarding 267 million Hong Kong dollars, and the shareholding ratio has dropped from 15.07% to 14.95%.
This is the sixth time that the Hong Kong Stock Exchange has disclosedBuffettReduce holdings of BYD H shares.
In 2008, Buffett’s Berkshire Hathaway bought a 10% stake in BYD at HK$8 per share, with a total price of HK$1.8 billion, becoming BYD’s largest foreign shareholder.
Since the reduction of holdings in August this year, Buffett has accumulated more than 10 billion Hong Kong dollars in cash.
Regarding Berkshire Hathaway’s sale of more than one-fifth of the company’s holdings this year, Li Ke, executive vice president of BYD, recently said that Buffett is still very optimistic regarding BYD’s future and will never give up on it.
However, Chen Kaifeng, chief economist of Huisheng Financial Management Co., Ltd., previously told China Business News, “There are multiple reasons for Buffett’s decision to reduce his holdings (BYD). There are both profit-taking following a huge floating profit and risk-averse considerations. .”
He believes that the whole process of Buffett selling BYD may take a long time, but the “clearance” may only be a matter of time. “Buffett never does things sloppily, either full or zero, and he will not keep that part.”
(Reposted from The Epoch Times/Editor in charge: Ye Ping)
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