Reborn in Hong Kong as a Tycoon

Chapter 329

On Thursday morning, last night ATV's financial channel experts' judgment on Hutchison Whampoa was quoted and reported by many newspapers, both big and small. This is unprecedented treatment.If there is no pusher behind this, no one will believe it.

At the same time, many newspapers also reported an incident that happened around [-]:[-] p.m. last night in London time. A ship carrying goods from Hutchison Whampoa Company was detained by the General Customs Administration in London on the grounds that The goods may involve prohibited items, and the General Administration of Customs is only conducting routine investigations.

Before Lin Baicheng acquired Hutchison Whampoa, the foreign trade business can be said to be the largest source of income for Hutchison Whampoa, which can bring at least 77 million Hong Kong dollars in profits to Hutchison Whampoa every year.For example, in 1.5 last year, Hutchison Whampoa’s total profit was just over HK$[-] million, but the profit from its foreign trade business was slightly more than HK$[-] million, which was higher than the total profit. It was the company’s other businesses that dragged down the foreign trade business.

From this we can see how much the foreign trade business has affected Hutchison Whampoa. It is not a big deal for a ship involved in foreign trade transportation to be seized by the General Administration of Customs. The question is whether Hutchison Whampoa really has transactions involving prohibited items. It will affect the entire foreign trade business.

Lin Baicheng made a bad news last night, and the short side of the British-owned family was not slow to move. Through the power of the Swire family, they bought an important member of the General Administration of Customs and asked the customs to seize the ship of Hutchison Whampoa.

It is more difficult for the General Administration of Customs to forge and frame Hutchison Whampoa, but it is not a problem at all to just seize a ship for inspection and release specious news.Even if there is a backlash later, the General Administration of Customs can be said to be just a routine inspection, knowing nothing about the reports of the outside media, so it can push away all the problems on it.

The result of this is that there are positive and negative news about Hutchison Whampoa early in the morning, making it difficult to judge.

However, when the relevant news about Hutchison Whampoa was widely circulated, the media headed by ATV sent people to interview Bao Yugang, Huo Yingdong and Zheng Yudong respectively.

Bao Yugang, Huo Yingdong and Zheng Yutong expressed to the media that they are optimistic about the stock price of Hutchison Whampoa, saying that Hutchison Whampoa is a good company, and the company's stock is worth holding for a long time. They will each spend at least [-] million Hong Kong dollars to buy Into the stock of Hutchison Whampoa.

Bao Yugang, Huo Yingdong, and Zheng Yudong are quite well-known Chinese businessmen among the Chinese, especially Bao Yugang and Huo Yingdong, who are so famous that they can almost be said to be the leading figures among Chinese businessmen, so their opinions have great influence on the market. The impact is huge, and many people will trust their judgment because they are famously successful people.

The reason why the three of them made the same similar announcement to the outside world was, of course, that Lin Baicheng contacted them yesterday and asked them to help.

The relationship between Lin Baicheng and them can only be said to be okay, not very good. Of course, they cannot easily agree to the investment of [-] million Hong Kong dollars. However, in order to create benefits, Lin Baicheng fully covered their investment.

Lin Baicheng asked the three of them to announce that they would buy Hutchison Whampoa stocks this morning, and said that as long as they bought the stocks below 30 Hong Kong dollars, as long as the market value did not exceed 30 million Hong Kong dollars, then within half a year if Hutchison Whampoa shares The stock price cannot exceed [-] Hong Kong dollars, and if they lose money on their investment, Lin Baicheng will compensate them as much as they lose, which is tantamount to covering their investment.

With such a good thing, Bao Yugang, Huo Yingdong and Zheng Yudong certainly had no reason to refuse, and immediately agreed.Although the two parties did not sign the contract, they were not afraid of Lin Baicheng's repentance afterwards. After all, in their view, the maximum loss for an investment of 50 million Hong Kong dollars would not exceed [-]%. If they are in the business world, it is impossible not to lose their reputation. Lin Baicheng will definitely make up for how much they lose.

Bao Yugang, Huo Yingdong, and Zheng Yudong made profits but not losses, and Lin Baicheng also had no losses. He didn't think that Hutchison Whampoa's stock price would fail to break through the price of 30 Hong Kong dollars in half a year.

The most important thing now is to blow up the short side, so Lin Baicheng approached Bao Yugang and others to influence more funds to go long through their fame.

Because it is a deliberate arrangement, whether it is news that is good for Hutchison Whampoa or news that is bad for Hutchison Whampoa, they all appear before nine o'clock in the morning, and the relevant reports are quickly spread to the four major exchanges. Investors who remember the stock of Huangpu know about the relevant reports this morning.

"Do you think Hutchison Whampoa can still buy it now?" "I was thinking of buying some stocks after watching the closing price of ATV's financial channel last night, but this morning there was news that the ship was detained. I think It is necessary to look again." "I think ATV's point of view yesterday is quite reasonable, the short side should have no leverage, no matter how bad the news is, the short side still has no stocks to sell."

"I agree, and in the morning they are also optimistic about Hutchison Whampoa, I believe their vision." I don’t know if there will be bad news in the future.” “That’s true, if something really happens to Hutchison Whampoa, it will be over.”

"If you seek wealth and insurance, just do it!" "It's better to be stable. A big drop may be ten or twenty points. Who can bear it." "."

In the stock exchange, stockholders were discussing a lot. Affected by the good and bad news in the morning, it was difficult to make a decision one by one, and they didn't know what to do better.

The pre-market bidding started amidst the discussions and considerations among shareholders. The closing price of Hutchison Whampoa yesterday was 26.4 Hong Kong dollars, but the bidding price changed drastically every now and then.Sometimes it opens five or six points higher, and sometimes it opens five or six points lower or even more. Obviously, there is a big difference between long and short.

After the call auction ended, Hutchison Whampoa opened at 26.1 Hong Kong dollars, 1.14% lower, and the lower opening range was not large.

Although it opened lower, it opened lower by more than one point, and the range of lower opening was too small to talk about the advantage of the short side. It can only be said that there are both bulls and bears.

After the stock market officially started trading at 09:30, the stock price of Hutchison Whampoa fell into a volatile shock.Sometimes it falls below 25 Hong Kong dollars, sometimes it breaks through 27 Hong Kong dollars, and the swing between the low point and the high point reaches as much as 10%.

Hong Kong stocks are T+0 trading, which means that you can buy and sell unlimited times on the same day. If you are brave enough and accurate, you can make huge profits by buying low and selling high.

However, there are very few people who can accurately match the band.

After ten o'clock, because of an announcement from HSBC, more investors chose to sell their stocks, and the stock price officially fell below the price of 25 Hong Kong dollars, and continued to fall.

(End of this chapter)