💡📖 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
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