As we all know, Duan Yongping, known as "China's Buffett", has always been an avid investor in Tencent Holdings, and he has always been keen to share his investment ideas and operations on Snowball.
Since March, Tencent's share price has fallen by more than 9% and has now fallen below HK$400.
In the early morning of the 9th, Duan Yongping said in response to the investor's "evaluation of Ali and Tencent" that he believes that Ali's moat is not as wide as Tencent's, but he also added that now he feels that Tencent's moat is not so wide, "Investment is really difficult Ha." ”
On the 8th, some netizens shouted Duan Yongping "Tencent 388 Hong Kong dollars, you can continue to increase the position", Duan Yongping once again voiced the increase in Tencent, replying that "I plan to add a warehouse every 10%. ”
This is the second time after February 28 that Duan Yongping has taken the bottom of Tencent.
At that time, he posted, "Tencent is lower than the price I bought last time, so I will buy some more tomorrow." Then in the comment area posted his own order record - set $53.5 to buy Tencent, the total amount of the transaction is expected to be 5.35 million US dollars.
Taking the bottom reading on February 28 as an example, in fact, Duan Yongping's large-scale increase in positions did not allow Tencent to stop the decline, on March 4, Tencent Holdings narrowly defended 400 Hong Kong dollars, and the total market value fell below 3.87 trillion yuan.
In just a few days, the investment tycoon lost about 820,000 yuan, but this little money is nothing to the big guy.
It is worth noting that last week, Duan Yongping just spent more than $5 million to buy Tencent Holdings ADR.
On December 23, 2021, Tencent reduced its shareholding in JD.com, but the dividend will not be distributed until March 25, and for Tencent ADR holders, they receive cash rather than stock.
In fact, as early as December 16, 2010, Duan Yongping said that he had always felt that Tencent was a good company, but accidentally missed a good price.
In order to wait for this suitable purchase point, Duan Yongping waited for 8 years.
In October 2018, Tencent pulled back for 9 months due to problems such as the suspension of the game version number, and Duan Yongping finally took the opportunity to build a position in Tencent Holdings, "Tencent's adjustment gave the opportunity to buy Tencent. Tencent's stock price began to rebound from the end of 2018, and the holding income of Yongping in the highest period was nearly 200%.
On August 3 last year, Tencent's stock price fell more than 10% after being criticized as "spiritual opium", falling nearly 40% from the high of HK$773.
The next day, Duan Yongping said: "I bought some Tencent today, and then I bought more." ”
On the same day, the share price of Tencent Holdings fell to 421.24 Hong Kong dollars per share. The data shows that Duan Yongping's cost is about 450, which translates into an ADR of $57.69, and the two purchases are higher than the Tencent ADR price of $52.20.
On January 15 this year, Duan Yongping forwarded his own post and commented: "Every time I buy Tencent, I encounter Tencent buyback, is this robbing business?!" Regarding the reasons for investment, Duan Yongping once admitted, "Holding companies like Moutai and Tencent should be better than holding cash for 10 years, which is not equivalent to making a lot of money, but it is definitely much better than losing money." ”
Duan Yongping is not alone in the matter of copying Tencent at the bottom. The UBS (Luxembourg) China Select Equity Fund (USD), the third largest overseas chinese equity fund, increased its holdings in Tencent Holdings by 100% in January, and its positions in Tencent Holdings reached a market value of US$737 million at the end of January.
Duan Yongping seems to have maintained a high degree of attention to the Internet sector, and on December 2 last year, he posted that even if Pinduoduo's stock price fell from more than $200 to the present (the closing price of Pinduoduo on that day was $59.28 / share), although it had not been sold, he did not have any idea of buying more Pinduoduo, because he had not understood its business model.
Duan Yongping never shy away from expressing his relationship with Huang Zheng to the public, "I don't know much about Pinduoduo, but I just believe what Huang Zheng says", but he also does not hide his criticism of Pinduoduo, bluntly saying "hates Pinduoduo's annoying advertisements".
On February 26, 2020, Duan Yongping ranked 1805th in the Hurun Global Rich List with 11 billion yuan, but the industry believes that Duan Yongping's wealth is far more than that.