BYD evaporates nearly 100 billion yuan in half a day!The transfer of 69 billion shares is temporarily mysterious, and the price -earnings ratio is extremely high

Facing BYD's continuous plunge, some people worry about all day, but some people want to make the storm more violent.

On July 12, BYD, located in Hong Kong stocks, ushered in a sharp plunge again. Unlike the weakening of the previous sector as a whole, this time it belonged to BYD's "everyone woke me to get drunk alone." As of noon, BYD shares led the Hong Kong stock market with a decline of 10.89%to close HK $ 273.4/share, with a market value of HK $ 97.2 billion in half a day, with a total market value of HK $ 795.9 billion.

It is worth mentioning that the CCASS data of the Hong Kong Stock Exchange shows that 225 million shares of BYD shares were transferred to Citibank on July 11. Some market participants speculated that the transfer may come from Berkshire Hathaway, a subsidiary of Buffett, because the company's holding of shares is basically equivalent to the number of transfer.

As soon as this remark came out, it immediately caused heated discussion. For a long time, Buffett, known as the "stock god", has been a vane of the market. If it is really its operation, it is obviously not good news for BYD. Although BYD believes that "according to the relevant rules of the Hong Kong Stock Exchange and the Securities Regulatory Commission, the large shareholders' holdings need to be applied for equity, and the platform of the Hong Kong Stock Exchange's equity disclosure is required without displaying the reduction information."

But the shareholders were obviously not satisfied with this explanation. In addition, some people in the industry have analyzed that there are two possibilities for this result. One is that the current reduction process has not yet been completed, so the relevant data has not been seen yet. The other possibility is that Buffett lent the hedge fund short to sell.

Indeed, 225 million shares are not a small number. Based on BYD's closing price of HK $ 306.8/share on July 11, its value can reach HK $ 69 billion, which is close to the current total market value of Hong Kong stock GAC Group. You know, even Wang Chuanfu, who is the actual controller of BYD, only holds 513 million shares of BYD, and the transfer is close to nearly half of its shares.

This is not the first decline in BYD's stock price. In just two and a half days, BYD's shares have plummeted by 16%, and the market value has evaporated at HK $ 150 billion. Wang Chuanfu lost up to 17.1 billion Hong Kong dollars.

It should be acknowledged that BYD's current price -earnings ratio is very high. Even after the continuous decline, the price -earnings ratio of Hong Kong stocks BYD still reached 181 times, while the A -share BYD's price -earnings ratio is as high as 252 times. The hippocampus and Great Wall Motors are 82.5 times and 47 times, and BYD's price -earnings ratio is at least several times.

(Author 丨 City boundary Feng Chenchen)

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