Warren Buffett Has Made a Killing Off China's Biggest Electric Car Maker
On Sept. 26, 2008, Berkshire Hathaway Inc. (BRK-B) agreed to buy what is now equivalent to 24.59% of BYD Co.’s Hong Kong-traded stock. Those shares in what is now China’s biggest maker of alternative-energy vehicles have soared more than 500% since then, turning a $232 million investment into a stake worth roughly $1.6 billion at current prices. Berkshire shares have rallied just 146% in the same 10-year period as of Tuesday’s close.
Buffett’s bet — made two years before Tesla Inc. (TSLA, +0.58%) listed and way ahead of the auto industry’s shift toward electric cars — has turned BYD (BYDDY, +0.68%) into the billionaire investor’s most-valuable holding in a publicly traded company based outside the U.S. The Chinese firm has weathered sharp swings in its share price and transformed itself from a maker of cell-phone batteries into a manufacturer of cars and monorails as China’s transport needs evolved. http://fortune.com/2018/09/26/warren-buffett-berkshire-hathaway-byd-china-electric-cars/
BEIJING (Reuters) - China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.
This stock player is like that always push down share price then collect before good result come out, suspect that is Singaporean big boss style, already fee round play thus way stay calm
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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