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Berkshire Hathaway's 13F Filing Suggests a Buffett-Style Bash — Pizza, Beer and Fine Wine
Citigroup: Gives a "buy" rating to aia with a target price of 99 Hong Kong dollars.
Citi released a Research Report stating that it has set a Target Price of HKD 99 for AIA (01299), with a rating of "Buy". It is reported that AIA will release its 2024 results in mid-March, and the bank predicts that last year's performance will continue to show strong resilience, with the new business value (VoNB) expected to grow by 18% and 19% year-on-year based on Actual Exchange Rates (AER) and Constant Exchange Rates (CER) respectively, reaching USD 4.8 billion. The bank mentioned that the VoNB for the fourth quarter is estimated to grow by 15% year-on-year based on AER, which is a slowdown compared to the 17% growth in the third quarter. Among these, the VoNB in mainland China is expected to grow year-on-year based on AER.
Citigroup: Raised BYD Company's Target Price to 688 Hong Kong dollars, expecting significant growth in Net income from 2025 to 2027.
Citi has released a research report, raising the Target Price for BYD Company (01211) from 500 HKD to 688 HKD, bullish on its growth prospects. Citi expects BYD's sales volume from 2025 to 2027 to be 5.75 million, 7.03 million, and 8.16 million units, with net income of 56.5 billion, 84.3 billion, and 99.2 billion RMB, respectively. The average annual compound growth rate of net income from 2025 to 2027 is expected to reach 32%. Citi believes that, with improvements in asset turnover, a slowdown in the capital expenditure cycle, adjustments in sales composition, and the emergence of scale effects, BYD has seven catalysts for future growth, including the penetration of electric vehicles in the Industry.
Coca-Cola relies on high-end milk to achieve growth beyond soft drinks.
Fairlife's ultra-filtered milk, a brand under Coca-Cola, is produced in Disquiquilva, Illinois. When James Quincey became the CEO of Coca-Cola in 2017, due to health concerns, the sales of carbonated beverages showed an overall downward trend. This beverage giant began to strive for business diversification, no longer limiting itself to sugary drinks. What is the key step? Eliminating carbonation and returning to basic products: milk. Fairlife was launched in 2012 as a collaboration between Coca-Cola and the dairy product wholesaler Select Milk.
In Q4, Buffett significantly reduced his Hold Positions in Citigroup (C.US) and continued to sell off shares in Bank of America (BAC.US), while increasing his stake in the beverage giant Constellation Brands (STZ.US).
Berkshire Hathaway, led by the "Oracle of Omaha" Warren Buffett, submitted the fourth quarter Hold Positions report (Form 13F) as of December 31, 2024.
Berkshire Reduces Stakes in Bank of America, Citigroup, Buys Constellation Brands -- Barrons.com
