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01-10

$TENCENT(00700)$ 

💡📖 Decoding Duan Yongping’s Investment Philosophy

Duan Yongping’s strategic investments in Tencent and Moutai go beyond numbers, they are reflections of a profound investment philosophy rooted in intrinsic value. His alignment with their buyback programmes showcases a belief in these companies’ enduring qualities amidst market noise. Much like his mentor Warren Buffett, Yongping looks past short term volatility to recognise undervalued opportunities with immense potential. His philosophy is a lesson in patience, foresight, and unwavering confidence in quality businesses, proving once again that great investments are built on vision, not speculation. 🌍🎯📊🍀🍀🍀

💼 Duan Yongping on His Tencent and Moutai Investments:

• “Just bought some Tencent. I don’t have any put options to sell, which is really troublesome. I’ve changed my order several times, but I can’t even buy ten thousand shares with each order.”

• “We didn’t sell any shares of Kweichow Moutai!”

• “Selling Moutai and buying Tencent is an acceptable decision, because you won’t lose much in the end. But many people sell Moutai and buy things like ‘fake Jobs’, which they can never recover from and is truly miserable.”

📈 On Tencent Holdings’ Buybacks

• “Tencent’s repurchases in the first quarter reached HK$14.8 billion, with an average daily repurchase of about HK$824 million.”

• “According to the annual report released by Tencent, it will invest no less than HK$100 billion to repurchase shares in 2024, which is more than double the repurchase amount in 2023.”

• “Tencent’s recent buyback plan undoubtedly provides strong support for the stock price and maintains a ‘buy’ rating for Tencent with a target price of HKD 540.”

🍷 On Kweichow Moutai’s Buybacks

• “Kweichow Moutai officially initiated a buyback, with nearly 0.3 billion yuan repurchased on the first day.”

• “On January 2, Glorious Resources announced that Kweichow Moutai (600519.SH) repurchased shares for the first time through centralized bidding, buying back 200,900 shares on January 2, 2025.”

🌍 General Commentary on Buybacks and Market Sentiment

• “Actually, whether a repurchase is not that important, but whether or not you have the ability to buy back is very important.” - Duan Yongping

• “Share buybacks do not change the company’s value, but the ability to buy back is very important.” - Duan Yongping

【🎁有獎話題】段永平再次出手購入騰訊與茅臺，其均已進行大手筆回購？你點睇？

@虎港通：
小虎們，繼段永平在浙江財經大學發表講話後，他近日又大手筆購入了 $騰訊控股(00700)$ 與 $貴州茅臺(600519)$ ！[Cool] 而這兩家公司近日也都進行了大手筆的回購！[666] 那麼他此次為何要再次出手購入這兩家公司股票呢？你是否看好騰訊與貴州茅臺股價表現呢？[YoYo] 恆指今日開盤微跌，但港股打新市場火熱· 段永平再度出手，增持騰訊與茅臺 知名投資人段永平於1月9日在他的雪球賬號“大道無形我有型”上透露，他當天購入了騰訊和茅臺的股票。這一舉動再次展現了他在投資領域的敏銳洞察力和果敢行動。 圖源：雪球 段永平在投資界早已聲名顯赫，他因成功投資網易而一戰成名，此後又重倉持有 $蘋果(AAPL)$ 、 $貴州茅臺(600519)$ 和 $騰訊控股(00700)$ 至今。不僅如此，他還在2006年以62萬美元的高價拍下巴菲特午餐，成為首位獲此殊榮的華人。同時，作為企業家的他，創立了“小霸王”和“步步高”兩大知名品牌，並擔任步步高集團董事長。在他的支持下，步步高系高管還成功創立了ViVo、OPPO兩大手機品牌以及快遞品牌極兔。 就在段永平增持的當天，近期經歷調整的騰訊控股股價企穩反彈。 截至1月9日收盤，騰訊股價上漲1.14%，報收於373.4港元。而在之前的5個交易日裏，騰訊股價累計下跌了11.46%。然而，騰訊並未因此氣餒，反而展開了大手筆的回購行動。 騰訊今日股價微漲 根據公告， $騰訊控股(00700)$ 於1月9日回購了401萬股股份，回購金額為15.01億港元。騰訊在今年的回購行動中已累計回購1707萬股股份。回顧2024年，騰訊更是順利完成了至少千億回購計劃，全年共回購3.07億股股份，總金額高達1120億港元。通過大額的“註銷式回購”，騰訊的總股本顯著下降，每股收益得到增厚，股東回報也隨之增強。 同樣受到段永平青睞的 $貴州茅臺(600519)$ 也進行了註銷式回購。1月2日晚間，貴州茅臺發佈公告稱，已通過集中競價交易方式回購了20.09萬股公司股份，耗資近3億元。而早在2024年12月27日晚間，貴州茅臺就曾發佈公告，計劃以不低於30億元且不超過60億元的自有資金回購公司股份，用於註銷並減少公司註冊資本。這一舉措旨在維護公司及廣大投資者的利益，增強投資信心。 截至1月9日收盤，貴州茅臺股價微漲0.1%，報收於1444元。儘管漲幅不大，但貴州茅臺的回購行動無疑為市場注入了一劑強心針。 段永平的增持行動和騰訊、茅臺的回購舉措都展現了市場對這兩家公司的看好。作為投資者，我們可以密切關注這些公司的動態，以期在未來的投資中獲得更好的回報。 段永平多次表達看好騰訊並持續投資 段永平，這位因投資網易而一戰成名的投資家，近年來在資本市場上的動作頻頻，特別是對騰訊的投資尤為引人注目。他不僅在多次公開場合表達了對騰訊的看好，還在實際操作中不斷增持騰訊的股份。 在2024年，段永平對騰訊的關注和投資達到了新的高度。他不僅在騰訊公佈二季度業績後的第二天就迅速出手購買騰訊股票，還在投資論壇上詳細闡述了自己對騰訊的看法和投資策略。 段永平認為，騰訊的投資價值被低估了。如果考慮騰訊的投資部分，其市盈率實際上已經低於20，這是一個相對較低的估值。他甚至提出了一個假設性的場景：如果騰訊把投資都賣掉，還清債務後全部用來回購股票，那麼其市盈率將會更加真實和合理。 在投資策略上，段永平選擇了通過賣出看跌期權（puts）的方式來逐步增加對騰訊的投資。他表示，自己每天都在努力賣出1000個看跌期權，終極目標是持有騰訊1%的股份，而這個目標他計劃在三到五年內實現。同時，他也做好了應對市場波動的準備，如果騰訊股價一直下跌，他將有更多的機會以更低的價格買入。 此外，段永平還強調了騰訊作為好公司的屬性。在他看來，即使在經濟不景氣的情況下，好公司仍然能夠保持良好的經營狀況。他舉例說，騰訊和茅臺就是這樣的好公司，它們的小日子都過得還不錯。 圖源：貴州茅臺 段永平的投資理念和策略得到了市場的驗證。他通過長期持有優質公司的股票，獲得了豐厚的回報。而對於騰訊的投資，他更是充滿了信心和期待。他認為，騰訊不僅是一個優質的投資標的，更是一個值得長期持有的好公司。 綜上所述，段永平對騰訊，貴州茅臺的看好和持續投資不僅體現了他對資本市場的敏銳洞察力和獨特投資策略，更展現了他對優質公司的堅定信仰和長期持有的決心。 小虎們，你看好騰訊與貴州茅臺這兩隻股票嗎？你怎麼看待段永平對其的再次出手加持？ 🎯分享你的看法贏取獎品 你看好騰訊與貴州茅臺這兩隻股票嗎？你怎麼看待段永平對其的再次出手加持？[Onlooker] 🎁評論即可得獎品如下噢~ 🐯對以下帖子的所有有效評論都將收到5個老虎硬幣。 🐯前10名和後10名有合格評論的小虎將獲得另一個10個老虎硬幣。 🐯前5名最受歡迎和高質量的評論將獲得另一個15老虎硬幣。
【🎁有獎話題】段永平再次出手購入騰訊與茅臺，其均已進行大手筆回購？你點睇？
# Tencent Rebounds: Did You Catch the Bottom?

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  • Bullaroo
    ·01-10
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    Hey BC! 🤩 I'm so thrilled you recommended my post in the community! Your enthusiasm is absolutely contagious and really made my day. Thanks a ton for the support! 🙌✨ @Barcode
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    • Barcode: 
      🦘🇦🇺🇳🇿Gidday mate! I’m thrilled my enthusiasm made your day, it’s always a pleasure to back posts like yours from way out in the outback! BTW, which part of OZ are you from? Always great to connect and support our talented mates from across the ditch. Cheers, BC 📈🚀🍀🍀🍀
      01-10
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