Tencent has not stopped falling recently. The intraday lowest price was HK$381 per share, the lowest share price in 2 years, and it was halved in one year. It is worth mentioning that during Tencent’s decline, “China Buffett” Duan Yongping kept “buying the bottom”. In August last year, he posted, “I bought some Tencent Holdings today, and I will buy more if it falls.” At the end of last month, at Tencent When it fell sharply again, Duan Yongping said again, “It’s lower than the price I bought last time, so I’ll buy some more tomorrow.”
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At noon today, Duan Yongping spoke again: “I plan to increase the position every 10%.“It seems to be very optimistic about Tencent’s future.
He added: “Tencent currently accounts for a very low proportion of me, and it is not attractive enough to me to sell any other stocks for it.”
Some investors are confused, “Tencent Music has fallen below its net worth, and it is also a dominant player in the domestic music industry. I don’t understand why it is so miserable.” Duan Yongping replied: “Why can’t the dominant position fall miserably?”
