Since Duan Yongping's first disclosure of his US stock holdings in February this year, he recently released the latest holdings for the first quarter of this year.
Caixin News Agency reporter noticed from the official website of the US Securities and Exchange Commission that the investment account H& managed by Duan Yongping; The latest 13F file submitted by H International Investment LLC shows that they held 9 stocks in the first quarter of 2024, the same number as in the fourth quarter of 2023. Among them, 8 stocks continued to be held, and a new stock, Pinduoduo, was added. At the same time, they cleared their positions and celebrated the era.
The Caixin reporter noticed that the top four companies with holdings remained unchanged, still being Apple, Berkshire B, Google, and Alibaba, with holdings of 78.01%, 12.12%, 5.5%, and 2.98%, respectively; In the third quarter of 2023, the holdings of the four stocks mentioned above were 79.8%, 11.7%, 5.2%, and 2.7%, respectively. Among them, the proportion of Apple's holdings has decreased, while the proportion of the other three holdings has increased.
In addition, H& According to the account of H International Investment LLC, they increased their holdings in Alibaba, Western Oil, and Apple in the first quarter of 2024.
Among them, we increased our holdings of 690000 shares in Western Petroleum, accounting for 157.87% of the total. Our latest holdings amounted to 73.75 million US dollars; Increase holdings of 880000 shares in Alibaba, with an increase ratio of 17.87%, and the latest holdings of 423 million US dollars; Increase holdings of 4.8 million shares of Apple, with an increase ratio of 8.14%, and the latest holdings of 11.07 billion US dollars.
Through searching relevant information, it was found that Duan Yongping's H& H International Investment was founded in 2018 with a scale of $900 million. By December 2023, its asset size had risen to $14.4 billion.
The reporter also confirmed the news of "Duan Yongping increasing his holdings in Alibaba" from relevant sources, who said that the rebound signal of Alibaba's business this quarter also helps to boost investor confidence.
On the evening of May 14th, Alibaba Group released its latest financial report, which showed quarterly revenue of 221.874 billion yuan, a year-on-year increase of 7%, exceeding market expectations. However, due to losses caused by the decrease in market value of listed companies, net profit decreased year-on-year. In fiscal year 2024, Alibaba has repurchased US $12.5 billion of shares, making it the most powerful Internet company in China. Alibaba also announced that the board of directors has approved the distribution of approximately $4 billion in dividends for the fiscal year 2024.
"Duan Yongping's recent increase in holdings may be a reflection of Alibaba's management's ability to adapt and the company's potential for transformation in the new market environment," Yuan Shuai, an expert in the Whale Platform's main database and executive director of the High Quality Development Promotion Project for Specialized, Refined, and New Enterprises, told Caixin News Agency reporters.
In the view of Qu Fang, an investment advisor at Wanlian Securities, Duan Yongping is optimistic about Alibaba partly because its current valuation is low.
"As of May 15, 2024, Alibaba's P/E ratio was only 17 times, and its P/B ratio was only about 1.3 times. Compared with other similar companies, the overall valuation is significantly lower. Although Alibaba's performance and profits have fluctuated in recent years, there is still significant growth potential for Alibaba International and Alibaba Cloud in the future," Qu Fang further analyzed.
In addition, since the clearance of Pinduoduo in the fourth quarter of last year, Duan Yongping has resumed building a position in Pinduoduo, H& H International Investment LLC has purchased 110000 shares of Pinduoduo with a market value of 12.78 million US dollars.
Yuan Shuai told reporters that after clearing the warehouse of Pinduoduo, he may have re evaluated the market environment and future development of Pinduoduo, and believes that Pinduoduo still has great growth potential in the new market environment.
In the view of Zhan Junhao, the founder of Fujian Huace Brand Positioning Consulting, Duan Yongping's decision to rebuild his warehouse after clearing Pinduoduo is mainly due to his reassessment of Pinduoduo's future development. "With the intensification of market competition and changes in regulatory environment, Pinduoduo also faces some challenges and risks. Therefore, Duan Yongping's re establishment of Pinduoduo after clearance may be based on in-depth analysis and judgment of these factors," said Zhan Junhao.