Reborn in Hong Kong as a Tycoon

Chapter 341 Blowing the Bears (Part [-])

After eleven o’clock, the stock price of Hutchison Whampoa, which fluctuated at 28 Hong Kong dollars, rebounded, but was suppressed by the integer level of 30 Hong Kong dollars, and closed at 29.41 Hong Kong dollars in early trading.

Although it did not rebound above 30 Hong Kong dollars, compared with last Friday's closing price of 22.68 Hong Kong dollars, the increase this morning reached 29.67%, nearly 30%.

Although the stock price of Hutchison Whampoa has risen sharply, the overall stock market is still not good, and the Hang Seng Index continues to fall.Fortunately, Hutchison Whampoa is a large-cap stock, which has greatly driven the index. In addition, it has increased by nearly 30%, so the Hang Seng Index did not fall much in the morning, only less than 1%.

At one o'clock in the afternoon, the stock market began to operate at noon, and the stock price of Hutchison Whampoa stood above 30 Hong Kong dollars and fluctuated above 30 Hong Kong dollars.

The reason why it was able to stand above 30 Hong Kong dollars in the afternoon was because Hutchison Whampoa issued an announcement after twelve o'clock, saying that the company's chairman Lin Baicheng would hold a press conference at two o'clock in the afternoon to express his views on the recent huge fluctuations in the company's stock price. And answer some questions from the reporters.

But from the market's point of view, this was a signal that Lin Baicheng wanted to announce a good signal, so the stock price naturally rose a little.The reason why the rise is not much is because the positive news is just a guess, and the market will choose the direction according to the content of the press conference after the press conference at two o'clock.

Before 30 o'clock in the afternoon, Hutchison Whampoa's stock price fluctuated above HK$[-]. Although the trading volume was not small, the stock price neither rose nor fell sharply.

Henry Kessack and others were also very worried. They didn't know what Lin Baicheng was going to announce at the press conference, but they couldn't stop this kind of thing, so they could only wait for the press conference to be held.When the truth is unknown, it is of course impossible for them to choose to sell stocks to suppress the stock price, but buying now is tantamount to admitting defeat in disguise, so they did not buy, purely as spectators.

Two o'clock in the afternoon arrived in the anticipation of many people. At Hutchison Whampoa's press conference, TV stations and newspapers sent reporters over.

First, the master of ceremonies will point out the theme of this press conference and ask the reporters to abide by the order of the venue. When it is the reporter's turn to ask questions, the reporters will raise their hands to ask questions in an orderly manner, and then speak after roll call and so on.

"Good afternoon, friends from the press."

"Regarding the huge fluctuations in the company's stock price recently, I, as the chairman of Hutchison Whampoa, need to explain this so that the majority of shareholders can understand the company's current situation, so that unnecessary losses will not be caused by copying what others say."

"When I acquired Hutchison Whampoa, the stock price of Hutchison Whampoa was about 7 Hong Kong dollars. Since then, because I am too young, I have not been recognized by the market. Shareholders are worried that I will not be able to manage Hutchison Whampoa, a big company. , so the stock price of Hutchison Whampoa fell to around 6 Hong Kong dollars."

"After that, the short side suddenly shorted Hutchison Whampoa, causing the stock price of Hutchison Whampoa to plummet. However, the short side obviously didn't do their homework. They didn't even find out whether the investment in Hutchison Whampoa was a loss or a profit. Afterwards, the company’s investment profits were exposed, which led to a sharp rise in the stock price.”

"After that, the investment department that I presided over brought huge profits to Hutchison Whampoa. It brought a total of over 18 billion Hong Kong dollars in huge profits, and the stock price of Hutchison Whampoa once rose to the price of 70 Hong Kong dollars."

"During this period, Hutchison Whampoa's own business has also developed well. Subsidiaries and departments that cannot bring profits to the company have either been abolished or sold. The company has slimmed down this year and has become stronger. It can be seen in the report and the third quarterly report.”

"From the company's semi-annual report and third quarter report, it can be seen that the company's operation itself has no problem, and even as of the third quarter report, it has brought more than 2 million Hong Kong dollars in profits to the company. It can be predicted that this year's profit growth will be a year of last year. more than double."

"In the absence of any problems in the company's operations, the reason why the company's stock price has plummeted recently is not only because the previous rise was too high and the Hang Seng Index fell as a whole, but also because the company was once again shorted by funds. .”

"Before being short-sold, the company's stock price has been fluctuating between HK$35 and HK$40. Obviously, the market recognizes this price range as the company's normal market value."

"The reason why the company was short-sold before was that there was a huge loss in investment. Here I want to make a statement. It was true at the beginning, but now the rebound in gold prices has made the company's investment losses not large, and I am convinced that gold prices will continue to rise. The company brings high profit returns."

"Since I was able to bring huge profits to the company through investment before, I can still bring huge profits to the company this time. I only started to make a fortune last year. Many people think that I am lucky. I don't deny this. I even believe that my luck will reach Hutchison Whampoa and bring huge profits to Hutchison Whampoa."

"So, I think the current price of less than 30 Hong Kong dollars per share is not the real price of Hutchison Whampoa. It should be at least 40 Hong Kong dollars or higher to meet the market value of Hutchison Whampoa."

"I know that since Hutchison Whampoa was short-sold, bad news about the company has appeared in the market from time to time, but those bad news can't beat the company at all. Take the company's branch in London as an example. , but the fact is that the IRS has not found anything so far, because the company has not evaded taxes and is not afraid of investigations, so similar bad news cannot hit the company at all, and the market should not overreact to similar bad news.”

After finishing speaking, Lin Baicheng nodded to the master of ceremonies.

The master of ceremonies immediately said to enter the reporter's questioning session, and Lin Baicheng called the reporter of Asia TV to ask questions first.

"Mr. Lin, you said that the stock price of Hutchison Whampoa should be at least above 40 Hong Kong dollars. What is the basis for this?"

The question asked by the reporter was arranged by Lin Baicheng in advance.

Therefore, Lin Baicheng said in a deep voice: "Short sellers sell at least 25 million shares below 7000 Hong Kong dollars. Even if the short sellers sell some stocks at high prices, the average cost price of the two will not be lower than 25 Hong Kong dollars." Hong Kong dollars. Nearly 20 billion Hong Kong dollars are short, I don’t think the short side will not use leverage, once the short side uses more than three times the leverage, then the short side is very close to liquidation.”

"Once the short side explodes, HSBC, which lent stocks to the short side, will definitely buy a large amount of Hutchison Whampoa's stock immediately. At that time, the stock price of Hutchison Whampoa will inevitably rise sharply, and it will easily break through 40 Hong Kong dollars or even 50 Hong Kong dollars. price."

"In order not to liquidate the position, the short side can only buy Hutchison Whampoa's stock before the liquidation, which is tantamount to raising the stock price. Therefore, the possibility of Hutchison Whampoa's stock price rising far exceeds the possibility of falling."

"However, the benefits brought by blowing up the short side are huge. If the stock price can be pulled back above HK$50 or even HK$60, all shareholders who buy and hold Hutchison Whampoa shares will get huge profits."

Although Lin Baicheng is explaining the facts, he is also beguiling investors to buy Hutchison Whampoa stocks.Fortunately, this is Xiangjiang in 78, and the supervision is not so strict, so his speech will not be invited to drink tea.

　(Just one chapter today, if I owe one chapter, try to make up tomorrow)
　　
　
(End of this chapter)