Berkshire Hathaway sells $86.3 million worth of shares in China's BYD again
Berkshire Hathaway (BH) didn't provide the reason for the recent selling of BYD stake. BH has been selling BYD's share since August 2022, holding about 20% back then. Based on the article posted by Barrons, BH’s stock sales are just about profit-taking. BH has been investing heavily in Japan stocks recently.
Quote:
Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 2.53 million Hong Kong-listed shares of electric vehicle maker BYD for HK$675.80 million ($86.3 million), a stock exchange filing showed.
The sale on June 19 lowered Berkshire's holdings in BYD's issued H-shares to 8.98% from 9.21%, the filing to the Hong Kong stock exchange on Monday showed.
The sale on June 19 lowered Berkshire's holdings in BYD's issued H-shares to 8.98% from 9.21%, the filing to the Hong Kong stock exchange on Monday showed.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Silverbat : The product lines of BYD show no surprises in coming years. Just production of low intelligence EVs.
Ramesh487 Silverbat: Yy