news

editor of every economic report: bi luming

recently,kweichow moutai(sh600519, stock price: 1,263.92 yuan, total market value: 1.588 trillion yuan) the stock price fell below 1,300 yuan, setting a new low since 2021, attracting much attention from the market.

as a supporter of moutai, duan yongping has repeatedly expressed his optimism about moutai. after the recent decline of moutai, duan yongping spoke out again.

one netizen said: "i waited for half a year for moutai to not fall in 2023, so i couldn't help but buy it with all my money at 1,600 yuan. recently, it has been falling all the way, but i don't have any extra money to increase my position. i really want to borrow money to buy at the bottom."duan yongping (the tao is invisible, but i am visible) advised them to be cautious and not to borrow money to buy because "i don't know how crazy the market will be, nor how bad things may get."

it is worth mentioning that as early as august 18, some netizens posted that they bought kweichow moutai at 1,800 yuan and 1,500 yuan, and now they are a little panicked because of the drop.duan yongpingreply: "moutai is still moutai! isn't that enough? as long as you treat these two investments as savings in the bank, you will feel that you made the right decision 10 or 20 years later."

recently, around the above post, some netizens commented again,duan yongping also responded promptly, saying: "in fact, it is worth being happy if a company you really understand has fallen sharply, unless you don't really understand it."

however, in response to the netizen's question:“i’m sad that i don’t have spare money to add to my position. the stock price has fallen sharply but i don’t have money to add to my position. how can i be happy?” duan yongping angrily replied: “what does it have to do with you?!”

at the same time, as the stock price continued to fall, the well-known novelist zijin chen posted a message on the social platform on september 18, saying that he had bought 500 shares of moutai at the bottom. the transaction bill showed that zijin chen spent more than 630,000 yuan on this bottom-hunting.

zijin chen also shared his investment logic. "growth stocks have a pe of 15 to 25 and a dividend rate of more than 3%, such as moutai; stable performance stocks have a pe of less than 10 times and a dividend rate of at least 6%, such as sinopec. it is difficult to value stocks with declining performance expectations. for small stocks, the valuation will be discounted, but the elasticity of small stocks is still very large, so buy them in a dispersed manner. this is my main focus for future operations. i will not post subsequent purchases until i have a full position." zijin chen said.

in order to boost market confidence, kweichow moutai announced on the evening of september 20 that it plans to invest 3 billion to 6 billion yuan of its own funds to repurchase shares for cancellation. according to the securities times reporter, this repurchase plan is the first repurchase by kweichow moutai since its listing.

regarding the repurchase plan, well-known investor duan yongping said: "this may be an epoch-making event."

daily economic news comprehensive snowball, public information