"According to the list of heavyweight stocks announced by Buffett in official website, the cost of holding BYD shares is 232 million US dollars (about 65.438+05 billion yuan)."
In just over a month, Buffett's reduction of BYD has changed from a rumor to a reality.
On August 24th, Buffett sold 6.5438+0.33 million BYD H shares at an average price of 27.7 1 HK$ and cashed in about HK$ 369 million. Subsequently, from August 25th to September 60th of 1 year, BYD's H shares were reduced by1716,000 shares, with an average reduction of HK$ 26.272 and cash of about HK$ 450 million.
According to the documents of the Hong Kong Stock Exchange, Buffett cashed in twice, both of which amounted to more than 800 million Hong Kong dollars. Although public information only reveals that Buffett has reduced his holdings of 3 million H shares, accounting for less than 0.02% of the total shareholding, the market is worried that this will be the beginning of his substantial reduction.
According to the overall change of shareholding ratio, Buffett's reduction may still have a large part undisclosed. Because according to the disclosure rules of HKEx, the increase or decrease of shares held by major shareholders only needs to be disclosed when it exceeds a certain integer percentage. This means that the disclosure documents will lag behind Buffett's reduction.
At present, Buffett holds 207,654.38+0.4 million shares of BYD, compared with 225 million shares in early August, with a difference of17.86 million shares. If the average price of the two disclosures is HK$ 270/share, Buffett has reduced his holdings and cashed in about HK$ 4.95 billion.
Affected by Buffett's reduction, BYD's share price also suffered heavy losses. In fact, as soon as the news of Buffett's switch to Citibank came out, the next day, at noon on July 12, BYD's A shares fell by 7.47%, and Hong Kong stocks fell by more than 13%, and they continued to fall since then. As of press time, BYD's share price is 282 yuan per share and its market value is 822.9 billion yuan.
The leading position of power battery, hybrid technology and pure electric platform helped BYD reach the peak of trillion market value per share in 350 yuan, but it has been hovering in the range of 300-350 yuan since then. Until Buffett reduced his holdings, BYD's market value quickly fell below 300 yuan. This means that the existing share price has completely digested BYD's advantages accumulated by relying on battery and hybrid technology.
Obviously, the market still has doubts about the future of BYD's "everything is ready, only lack of production capacity", and the imagination of making money by increasing the overall penetration rate of new energy vehicles is not enough.
The advantages of relying on power batteries, hybrid technology and pure electric platforms are being digested, and relying solely on sales growth is not enough to support the rapid growth of stock prices. BYD needs more imaginative stories to support the trillion-dollar market value.