立即打开
不出所料,巴菲特在日本投资60亿美元

不出所料,巴菲特在日本投资60亿美元

巴益明(Eamon Barrett) 2020年09月03日
根据伯克希尔-哈撒韦的声明,公司确实打算“长期持有在日本的投资”。

8月31日,由沃伦•巴菲特领导的大型控股公司伯克希尔-哈撒韦宣布,已经收购日本五大贸易公司约5%的股份,投资总额约60亿美元。本次收购是巴菲特海外扩张最新一步,不过麾下市值5200亿美元的伯克希尔-哈撒韦的主要投资仍然在美国。

“很高兴伯克希尔-哈撒韦能够参与日本以及本次入股五家公司的未来。”90岁的巴菲特在宣布投资的声明中称,8月31日五家公司股票集体上涨。过去12个月里伯克希尔-哈撒韦缓慢地收购了伊藤忠、丸红、三菱、三井和住友等五家公司的股份。

人称“奥马哈先知”的巴菲特通常只在本土投资,仅在苹果公司就有1250亿美元的资产。因此,投资日本似乎很奇怪,不过细看这五家公司的估值和持股情况,与巴菲特惯常的投资理念保持一致。

巴菲特投资的这五家日本公司中,有四家估值偏低,市值低于资产价值,而且多家公司持有大量现金,因此成为廉价而稳定的投资机会。

巴菲特经常长期持有盈利企业的被动股权,根据伯克希尔-哈撒韦的声明,公司确实打算“长期持有在日本的投资”。

“这是巴菲特加大海外步调的另一步。”8月31日,在线外汇交易员AxiCorp全球首席分析师斯蒂芬•因内斯在报告中称。因内斯还表示,上月早些时候巴菲特曾经收购加拿大金矿商巴里克的股票,也是加大海外收购的证据。

今年受到新冠疫情惊吓的投资者纷纷寻找对冲美元的避风港,金价由此飙升。因内斯认为巴菲特的行为也是类似原因,说他“可能正从美元转向多元化。”

自从2011年巴菲特首次访日以来,外界就一直预期巴菲特将在日本投资。去年,伯克希尔-哈撒韦通过发行日元债券筹集了40亿美元,这是有史以来非日本机构最大规模的日元债券发行。

哈撒韦在声明中还指出,2023年至2060年公司有6250亿日元计价债券将到期,因此“对日元/美元走势的敞口较小”。(财富中文网)

作者:巴益明(Eamon Barrett)

译者:冯丰

审校:夏林

8月31日,由沃伦•巴菲特领导的大型控股公司伯克希尔-哈撒韦宣布,已经收购日本五大贸易公司约5%的股份,投资总额约60亿美元。本次收购是巴菲特海外扩张最新一步,不过麾下市值5200亿美元的伯克希尔-哈撒韦的主要投资仍然在美国。

“很高兴伯克希尔-哈撒韦能够参与日本以及本次入股五家公司的未来。”90岁的巴菲特在宣布投资的声明中称,8月31日五家公司股票集体上涨。过去12个月里伯克希尔-哈撒韦缓慢地收购了伊藤忠、丸红、三菱、三井和住友等五家公司的股份。

人称“奥马哈先知”的巴菲特通常只在本土投资,仅在苹果公司就有1250亿美元的资产。因此,投资日本似乎很奇怪,不过细看这五家公司的估值和持股情况,与巴菲特惯常的投资理念保持一致。

巴菲特投资的这五家日本公司中,有四家估值偏低,市值低于资产价值,而且多家公司持有大量现金,因此成为廉价而稳定的投资机会。

巴菲特经常长期持有盈利企业的被动股权,根据伯克希尔-哈撒韦的声明,公司确实打算“长期持有在日本的投资”。

“这是巴菲特加大海外步调的另一步。”8月31日,在线外汇交易员AxiCorp全球首席分析师斯蒂芬•因内斯在报告中称。因内斯还表示,上月早些时候巴菲特曾经收购加拿大金矿商巴里克的股票,也是加大海外收购的证据。

今年受到新冠疫情惊吓的投资者纷纷寻找对冲美元的避风港,金价由此飙升。因内斯认为巴菲特的行为也是类似原因,说他“可能正从美元转向多元化。”

自从2011年巴菲特首次访日以来,外界就一直预期巴菲特将在日本投资。去年,伯克希尔-哈撒韦通过发行日元债券筹集了40亿美元,这是有史以来非日本机构最大规模的日元债券发行。

哈撒韦在声明中还指出,2023年至2060年公司有6250亿日元计价债券将到期,因此“对日元/美元走势的敞口较小”。(财富中文网)

作者:巴益明(Eamon Barrett)

译者:冯丰

审校:夏林

On August 31, Berkshire Hathaway, the giant holding company chaired by Warren Buffett, announced it had acquired a roughly 5% stake totaling approximately $6 billion in five of Japan’s largest trading houses. The purchase is the latest of Buffett’s bids to expand overseas, as his $520 billion investment firm remains heavily U.S.-weighted.

“I am delighted to have Berkshire Hathaway participate in the future of Japan and the five companies we have chosen for investment,” Buffett, 90, said in a statement announcing the investment, which sent shares in all five companies up on August 31. Berkshire Hathaway had spent the past 12 months slowly acquiring its stake in the five firms: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo.

The so-called Oracle of Omaha typically invests closer to home, with $125 billion of Berkshire Hathaway’s assets tied up in Apple alone. As such, shopping in Japan appears peculiar but, based on the five company’s valuations and holdings, Buffett’s MO remains the same.

Four of the five Japanese firms Buffett has bought into are undervalued, with a market cap lower than the value of their assets, and most of them have a substantial amount of cash on hand. That makes them a cheap and stable investment opportunity.

Buffett often holds long-term passive stakes in profitable businesses, and, according to the company’s statement, Berkshire Hathaway intends to “hold its Japanese investments for the long term” too.

“This is a continuation of Buffett spreading his international wings,” Stephen Innes, chief global analyst at online forex trader AxiCorp, said in a note August 31. Innes cites Buffett’s purchase of shares in Canadian gold miner Barrick earlier last month as proof of Buffett buying abroad.

Gold prices have surged this year, as investors spooked by the pandemic seek a safe haven against the U.S. dollar. Innes thinks Buffett is behaving in a similar way too, saying, he “may be diversifying away from the U.S. dollar.”

Expectations that Buffett would make an investment in Japan have been brewing since 2011, when the investor made his first trip there. Then, last year, Berkshire Hathaway raised $4 billion through a yen-denominated bond sale—the largest ever yen-denominated issuance by a non-Japanese institution.

In its statement, Hathaway also notes that it has 625 billion of yen-denominated bonds set to mature between 2023 and 2060 and so has only “minor exposure to yen/dollar movements.”

最新:
  • 热读文章
  • 热门视频
活动
扫码打开财富Plus App