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Duan Yongping Buys 30,000 Shares of Kweichow Moutai, Says It Beats Bank Deposits Over a Decade
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On September 28, prominent Chinese investor Duan Yongping posted on social media that he had purchased 30,000 shares of Kweichow Moutai (600519.SH), according to a report by Zhitong Finance via Sohu Finance. A screenshot accompanying the post confirmed the transaction. Public records show Duan began building his Moutai position in 2003, and his current holdings are valued at over 20 billion yuan. In response to a follower's question about whether to buy more Moutai shares at the end of the year, Duan advised: 'Buy it. From a 10-year perspective, it will likely be better than putting money in the bank.' Despite Moutai's recent share price decline, Duan has remained confident. On May 27, he told another user: 'I don't understand why people talk about 'market cap'—are you that lacking in confidence? In 10 or 20 years, today's market cap will probably be insignificant.'
Source report
September 28 — Renowned investor Duan Yongping announced on social media that he had "bought some Kweichow Moutai," sharing a screenshot showing a purchase of 30,000 shares.
According to public records, Duan began building his position in Kweichow Moutai (600519.SH) in 2003, and his current holdings are valued at over 20 billion yuan.
In response to a recent online question — "I still don't fully understand Moutai, but I agree with your views. I bought one lot at 1,400 yuan. Would it be appropriate to buy another lot at the end of the year?" — Duan replied: "Go ahead and buy. Over a 10-year horizon, it will likely be better than keeping your money in the bank."
Despite the recent decline in Kweichow Moutai's share price, Duan has remained unfazed. On May 27, he responded to another netizen, saying: "I don't understand why people talk about 'how much market cap it is.' Are you that lacking in confidence?" He added: "In 10 or 20 years, today's market cap will likely be insignificant."
Source
搜狐财经Eastern
Part of this Story
Duan Yongping Buys 30,000 Kweichow Moutai Shares, Stock Rebounds on September 28