On January 10, BYD A-share and H-share prices both fell. Byd Company Limited (01211.HK) weak shock consolidation, 002594.SZ (BYD) quickly dipped after the opening, down nearly 1%

On the news side, after trading on January 9, the HKEx disclosed that Buffett's Berkshire Hathaway reduced its holdings of 1.058 million BYD H shares on January 3, 2023, at an average reduction price of HK $191.44 per share, with a total value of about HK $203 million, with the shareholding ratio falling to 13.97 per cent.

This is the seventh time that the HKEx has disclosed that Berkshire Hathaway has reduced its holdings of BYD H shares. Since the first reduction in August 2022, Berkshire Hathaway has reduced its holdings by about 71.67 million shares and cashed out about HK $15.3 billion.

As Buffett continues to reduce his holdings, some commentators in the market said that this means that Buffett seems to be more inclined to "completely leave" than YD's attitude. Judging from his historical investment preferences, Buffett prefers to invest in monopoly giants. Reviewing Buffett's investment actions in the last year, Buffett greatly increased his holdings in Western Oil and Chevron Corp, betting on the oil sector.

Analysts point out that from a valuation point of view, the average valuation of the new energy vehicle industry is much higher than that of the oil sector. If calculated according to the historical valuation quantile, the valuation of new energy vehicles is still at the high level of historical valuation. This may be one of the reasons why Buffett abandons new energy and embraces traditional energy.

During the auction period, BYD shares fell 1.02% to 260.78 yuan. Byd Company Limited's shares rose 0.3 per cent to HK $202.000.