Duan Yongping: Already exchanged Berkshire and US stock Tencent for Apple stock

On January 4, Duan Yongping, a well-known investor, said on social platforms that he had exchanged some Brk/B (Berkshire B shares) to Apple, and had already exchanged his US stock Tencent for Apple, but the Hong Kong stock had not moved. On the same day, he also expressed the hope that Apple’s current stock price or below can last for more than a year, so that Apple’s buybacks will be more efficient. It is worth noting that when Tencent’s stock price was hovering at a low level, Duan Yongping announced six times to buy Tencent’s bottom. | Related reading (The Paper)

Huashen

Duan Yongping attracted everyone’s attention because of his repeated bottom-buying of Tencent. Later, Tencent’s stock price rebounded from the bottom in October last year and has made Duan Yongping a fortune. What is incomprehensible is that while Tencent’s current stock price is still relatively low, Duan Yongping started selling without looking back. Maybe he really doesn’t understand Tencent’s long-term development and just wants to be a passer-by.

The strategy of shifting positions to Apple this time may be similar to the previous bottom-hunting Tencent. It also only looks at the company’s fundamentals and does not pay much attention to the external environment. Of course, there are also differences between Apple itself and Tencent. For example, Apple pays more attention to strategic deployment around the main business than Tencent in terms of operations, so the company’s business model is relatively more mature and stable.

So, can Apple bring more lucrative returns to Duan in the future? I personally agree with part of Duan Yongping’s judgment, that is, the company’s stock price will not improve much in the short term, because the high financing costs of US companies will hardly see any major improvement within this year. The company is a good company, but the general environment is not a good environment. It is estimated that Duan Yongping will have to buy the bottom of Apple several times before seeing the dawn.

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