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Warren Buffett's Berkshire Hathaway has seen significant stock gains, with a year-to-date increase of around 15%. Among Buffett's holdings, BYD stands out with a 50% rise, while Aon and Kroger also performed well, with Kroger being the most attractive for income investors due to its higher dividend yield. Despite Berkshire's impressive performance, it does not pay dividends, unlike its peers.
Chinese technology stocks faced a notable decline on March 25, 2025, with the Hang Seng Tech Index dropping 3.8% and nearly 9% since its peak on March 18. Xiaomi Corp's shares fell over 6% due to a US$5.5 billion share placement, raising liquidity concerns, while Alibaba's stock dropped more than 3% amid warnings of a potential bubble in data center construction. Sunny Optical Technology Group experienced a nearly 9% decline after signaling market restructuring due to excess capacity, prompting increased caution among investors in the sector.
Xiaomi Corp. has initiated a share sale aimed at raising up to $5.3 billion to support its electric vehicle expansion. The company plans to offer 750 million shares priced between HK$52.80 and HK$54.60, reflecting a discount of 4.2% to 7.4% from its last closing price in Hong Kong. This move follows a significant fundraising effort by EV giant BYD Co. of $5.6 billion.
Elon Musk’s social network X has raised nearly $1 billion in new equity funding, valuing the company at approximately $32 billion, consistent with its valuation when Musk took it private in 2022. The fundraising aims to address the company's debt, which includes at least $12.5 billion from the Twitter buyout. Notable investors include Darsana Capital Partners and 1789 Capital, while Musk himself participated in the round.
UBS forecasts modest growth for China's passenger car industry in 2025, particularly in the second half, driven by government consumption stimulus. The report highlights LI AUTO-W as a top pick due to its strong AI R&D and market potential, while also noting BYD COMPANY, CATL, and GWMOTOR as key players in smart innovations. Concerns remain for XPENG-W due to its high valuation and competitive pressures.
UBS has set a target price of $4.7 for Bank of China (03988.HK), citing improved net interest margins from overseas business compared to peers. Meanwhile, Goldman Sachs highlights APAC stocks with a focus on Chinese shareholder returns, including BYD, Tongcheng Travel, Yum China, and others. Additionally, Morgan Stanley reports that the CSRC is encouraging major state-owned insurers to allocate 30% of new premiums to A-shares, with Chinese banks seen as primary investment options.
[Bloomberg](https://www.bloomberg.com) and [China Securities Journal]
Indonesia’s largest taxi operator, PT Blue Bird, anticipates that a new BYD Co. plant will help reduce electric vehicle prices as it aims to expand its fleet. The company plans for electric vehicles to make up 3% of its fleet by next year, with a goal of reaching 20% by 2030, according to Noni Purnomo, president commissioner at Bluebird Group Holding.
Xiaomi Corp. has raised its electric vehicle delivery target for 2024 to 130,000 units, an increase of over 8% from the previous goal of 120,000. Co-founder Lei Jun announced this ambitious objective on social media, highlighting the company's commitment to competing in the crowded EV market alongside giants like Tesla and BYD.
China has reduced or eliminated export tax rebates on select aluminium and copper products, as well as refined oil and batteries, leading to a surge in aluminium futures prices in London. This move, which affects rebates on various aluminium products and other commodities, is seen as a strategic response to ongoing trade tensions, particularly following the recent US presidential elections. Shares of major metal producers in India are closely monitoring the situation as international soyoil prices also rise.
BYD COMPANY
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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