Rebirth: The Era of Hong Kong Tycoon

Chapter 177 [Evergrande and Landmark side by side]

HSBC Securities.

Lin Rongheng said to Zhang Jianhua: "Help me close the stock position, I have a new investment recently!"

Zhang Jianhua did not give up, but nodded excitedly, and said: "You invested 8000 million Hong Kong dollars at the beginning, and the market value has reached 4.1 million Hong Kong dollars."

Lin Rongheng smiled, HSBC Securities 4.1 million Hong Kong dollars, Sun Hung Kai Securities 0.8 million Hong Kong dollars, a total of 4.9 million Hong Kong dollars; need to repay 1 million Hong Kong dollars in loans, 2000 million Hong Kong dollars in interest and commissions, and still have 3.7 million Hong Kong dollars in net profits.

Adding more than 3000 million from Galaxy Securities, this fund is already 4 million Hong Kong dollars. This month, another 1 million Hong Kong dollars will be cashed out from the shares of Evergrande Real Estate, exactly 5 million Hong Kong dollars will be used for gold investment in Hong Kong.

Landmark's milk war made great contributions to Lin Rongheng's smooth liquidation of his position in the stock market.

On November 11, Milk fought back again and held a press conference that night.In addition to Zhou Xinian, chairman of the board of directors of Dairy Milk Company, executive director Ke Lun, and director Sir Kei Dezun, Chairman of Wheelock Bank Madden was specially invited to attend; Li Zhu, chief director of Luo Fuqi Company, raised three reasons for opposing the acquisition on behalf of the milk company's board of directors.

First of all, based on the calculation in 1972, the dividend per share of Dairy Milk was 3 Hong Kong dollars, and the total dividend of the two shares of Hongkong Land was only 2.4 Hong Kong dollars.

Secondly, in 1972, Milk earned 3.65 Hong Kong dollars per share, and the total of the two shares of Hongkong Land was only 2.58 Hong Kong dollars. Luo Fuqi has handled many share swap agreements around the world, and he can only refuse such acquisitions that harm the interests of the other shareholders.

In the end, Dairy Farm has an excellent reputation and strength, and can protect the interests of shareholders.

Li Zhu said confidently: Landmark will not succeed.

Chairman of Wheelock, Madden, and Chairman of Hutchison Co., Ltd., Chi Tak-zun, did not say a word. There is no need to doubt that they are on the side of the milk company.

On the next day (November 11), Hong Kong citizens were 'shocked' by the milk advertisement in the newspaper: the board of directors of Milk announced that it would split the milk shares into five shares, and then give 10 bonus share for every new share.In this way, each existing share becomes 1 new shares; at the same time, the board of directors of Milk announced that the annual dividend is expected to increase by 1% per share.

Just like a thermometer falling into a brazier, when the stock market opened, milk stocks skyrocketed like a hot thermometer, rising to 290 Hong Kong dollars per share; the company's earnings per share were only 3.65 Hong Kong dollars, the price-earnings ratio was as high as 73 times, and the annual interest rate was only 1.1%.

Hongkong Land once again "tightened its tail to the sky" and was fired to a new historical peak of 128 Hong Kong dollars per share. The price-earnings ratio was as high as 98 times, and the actual annual interest rate was less than 1%.

The small market drove the big market. The Hang Seng Index closed at 770 points that day, only 880 points away from the historical high of 110 points for the whole year.

The stockholders had a fever, and they had reached a point of madness. They looked up at the magnificent golden roof of the castle in the sky, but they didn't know that the castle was actually supported by a reed pole.

For stock speculators, what they look forward to is madness, and what they fear is calmness; Lin Rongheng is the only one who benefits from it, and there are no ordinary people.

Then, correspondingly, there are countless losers.

It was Friday, and the market was closed for two days on the weekend.

However, Lin Rongheng started to close positions on Wednesday, and within three days, all positions have not been completed. After all, Xiangjiang’s daily trading volume is only about 4 million Hong Kong dollars; and the market value of the stocks held by Lin Rongheng is as high as 5.2 million Hong Kong dollars. It will inevitably take more than five trading days to cause turmoil.

Over the weekend, Sanders, chairman of HSBC, warned in the media: "The Hong Kong stock market has formed a pure speculative activity, and many shares have exceeded a reasonable level."

When Lin Rongheng saw the news, he knew that the stock market would suffer on Monday. After all, Xiangjiang's God of Wealth had spoken, and the market didn't respond.

Of course, although there will be a sharp drop on Monday, it will rebound immediately on Tuesday. Not to mention that the words of the fake God of Wealth are not good, even if the real God of Wealth comes, it will not wake up those investors who want to get rich.

Lin Rongheng and Ye Tianhe, general manager of Galaxy Securities, said: "Stocks are bound to fall sharply on Monday. You can use the company's more than 3000 million Hong Kong dollars in funds to start buying bottoms when the Hang Seng Index falls below 10%. %, we would rather pass up this opportunity."

Ye Tianhe was very surprised. This boss always seemed to be able to predict ahead of time, and he seemed full of confidence. He was like a stock god!

"Well, I see! How many stocks should I buy?"

"You can figure it out, anyway, don't sell milk and land!"

"Okay, I'll do some research right away!"

Ye Tianhe left Lin Rongheng's office excitedly, without the slightest awareness of working overtime on weekends; because his investment of 20 Hong Kong dollars has now become 150 million Hong Kong dollars, originally only appreciated to 60 Hong Kong dollars, but he used his own information channels , The milk stock was fried, and the result directly skyrocketed to 150 million Hong Kong dollars.

Today, the 150 million Hong Kong dollars are already lying in the bank. Ye Tianhe plans to buy another 1000-square-foot high-end residence for his parents, which only costs about 28 Hong Kong dollars; Used for short-term.

Although the boss cleared his own stocks, Ye Tianhe felt that the stockholders' madness had just begun, and it shouldn't be so easy to make a bubble, so he could still make some money; of course, this was gambling, but this time he didn't rush into it, and he saved 60 Ten thousand Hong Kong dollars, not all of them were brought in for stock trading.

Moreover, my current salary has also risen to 8000 Hong Kong dollars per month, so I won't be so depressed.

Monday, May 11.

Lin Rongheng first notified Zhang Jianhua of HSBC Securities and Feng Jingxi of Sun Hung Kai Securities to suspend closing positions until further notice.

Then he came to Galaxy Securities and personally participated in the bottom-hunting activities.

At the beginning, as expected, the market began to plummet, and it did not stabilize until it fell to 8%. Just when everyone thought it was possible to buy the bottom, the market reversed direction again and continued to fall.

The phone at Lin Rongheng's desk rang, and it was no wonder that it was also from the broker of Galaxy Securities, the stock exchange.

"You answer!" Lin Rongheng signaled Ye Tianhe to answer the phone.

Sure enough, the broker called, and the Hang Seng Index fell by 77 points, asking for instructions.

Ye Tianhe glanced at Lin Rongheng, and after receiving the instructions, he immediately ordered the brokers on the opposite exchange to start buying three stocks; they were Hopewell Properties, Sun Hung Kai Properties, and Hang Lung Properties, three real estate stocks.

Lin Rongheng couldn't help but nodded secretly. These stocks are indeed very good. Since they are all real estate companies that have only been listed in the past three months, their market value is only half of the peak market value before the stock market crash, and there is still a lot of potential to be tapped.

On the contrary, the market value of Evergrande Real Estate has reached as high as 38 billion Hong Kong dollars, and the most is only 55 billion Hong Kong dollars. The increase has not doubled.

Before the stock market crash, Evergrande Real Estate had a market value of up to 55 billion Hong Kong dollars. Lin Rongheng was very confident. After all, the market value of Hopewell was as high as 36 billion Hong Kong dollars in previous lives.

No matter in terms of development potential, annual profitability and fixed assets of the two companies, Hopewell Real Estate cannot be compared with Evergrande Real Estate.

Recently, someone has listed the "Five Tigers of Huazi Real Estate", which are Hopewell Properties, Sun Hung Kai Properties, Cheung Kong Properties, Hang Lung Properties, and New World Development. Another saying is that New World Properties is not on this list, but Dachang Properties is on the list.

The reason why Evergrande Real Estate is not listed is that outsiders put Evergrande Real Estate and Landmark Real Estate side by side; after all, first of all, Evergrande Real Estate was listed in 1970, two years earlier than these real estate companies; The profitability of Da Real Estate has surpassed Landmark, catching up with HSBC; Finally, Evergrande Real Estate has a strong background and strong assets.

On the same day, the Hang Seng Index plummeted 88 points, or 11.5%. The worst decliners were Milk Company and Hongkong Land, with Milk falling 20% ​​and Hongkong Land falling 23%.

Fortunately, Lin Rongheng didn't own any of these two stocks.

This crash lasted only one day, and it rebounded the next day, becoming an episode of the stock market frenzy from 1972 to early 1973; It will break out in March next year, most investors will go bankrupt, the stock market will be depressed, and all industries will be depressed-this is a later story.

(End of this chapter)