Reborn in Hong Kong as a Tycoon

Chapter 556 Cutting leeks, the capital is not trustworthy (two in one)

"A company that creates miracles, its market value is as high as 40 billion U.S. dollars within two years of its establishment!" -- Wall Street Journal.

"Galaxy Game Company rose 27.19% on the first day of listing, and its market value exceeded US$40 billion! "---Washington post.

"The Far East Capitalist You Don't Know - Lin Baicheng, with assets of nearly [-] billion U.S. dollars! "---New York Times.

"The Far East Capitalist and His Enterprises!" --Los Angeles Times.

…………

On the second day after Galaxy Games went public, a large number of media in the United States reported on Galaxy Games and Lin Baicheng, the chairman.

Through media reports, a large number of Americans knew about Lin Baicheng, a young man from Hong Kong in the Far East, and people knew that there was such a young rich man in the Far East, which most people looked down upon.

Hutchison Whampoa, a company with a market value of nearly [-] billion US dollars, people only know a little bit about it. After all, this company has no business in Hong Kong and the United States.

But Xinghe Game Company, which has just been listed on NASDAQ, is different. Although the headquarters of this company is also in Hong Kong, the arcade games developed by the company can be seen in many places in the United States, right next to people.

Ordinary people will only feel that this Xinghe game company really makes money after watching it, and the games it develops are so fun.

But in the eyes of some special people, these reported information can make money.

For game companies, seeing that it took about two years from the establishment of Galaxy Games to its listing, but its market value is as high as 40 billion US dollars, it is impossible to say that it is not tempting.

Therefore, many game companies have already begun planning to enter the arcade industry.

In addition, Galaxy Games has entered the eyes of more Wall Street capital, and high-profile stocks often mean more operability. Whether it is long or short, there is a possibility of making money with capital participation.

More importantly, Lin Baicheng has begun to come into the eyes of many people. After all, his net worth is about 70 billion US dollars on the surface, not to mention that there are still many assets that have not been calculated, and his assets will only increase.

Some people may want to benefit from Lin Baicheng, some people may want to cooperate with him, there are all kinds of possibilities.

But no matter what, after Xinghe Game Company went public, Lin Baicheng's reputation in the United States suddenly increased, and he was no longer a nobody before.

A great reputation has great benefits. The company under the name has increased the attraction of talents. People know that they are doing things for him, a rich man, and they don't worry that the company will go bankrupt easily.

Naturally, there are disadvantages of a great reputation. After all, Lin Baicheng is not an American, or even a white man, but from Hong Kong, the Far East. There will definitely be people in the United States who want to benefit from him. This is an unavoidable thing, and it mainly depends on how Lin Baicheng responds.

Lin Baicheng had thought about this, in addition to spending money to eliminate the disaster, the soldiers came to cover up the water and soil.

Lin Baicheng knows very well that it is impossible for him to make great achievements in the United States, and Wall Street capital and the White House cannot allow him to absorb wealth in the United States.

Therefore, Lin Baicheng's idea is to slowly transfer technology to Xiangjiang, and transfer wealth as much as possible after earning money. It is not impossible to have companies in the United States, but the transfer must be more than the investment, so that even if the White House or Wall Street wants to When dealing with him, his losses are also limited, within the acceptable range.

Although the United States will be the world's number one market for a long time, it is not advisable to put all assets in the United States. There are still three caves in the rabbit, let alone a reborn person like Lin Baicheng who knows well.

Because Xinghe Game Company was listed yesterday, Lin Baicheng continued to pay attention to the changes in the company's stock price.

This morning, the stock price of Xinghe Games Co., Ltd. fluctuated and rose. Although it was not a rapid rise, it was also very stable, and the willingness to do more with funds was strong.

As of the morning's close, Galaxy Games' stock price stood at $21 and closed at $21.03, up 3.34% in early trading.

Lin Baicheng didn't feel anything about the rise in the stock price of Xinghe Game Company in early trading. After all, there was neither a big rise nor a big drop, and it was a normal trend.

However, at noon, Haruko Mori called him suddenly and told him that some Wall Street institutions, including Goldman Sachs, released a research report on Galaxy Games.

""Underestimated giant under high performance growth—Galaxy Games!""

"Galaxy Game Company was founded in 1977. It started to develop the first arcade game in July this year. The revenue of that year was 2.8 million U.S. dollars and the net profit was as high as 1.5 million U.S. dollars. In 1978, the company made another brilliant achievement, and the game it developed was world-renowned. It sold well all over the country, with a revenue of 6.2 million US dollars and a net profit of 3 million US dollars. In 1979, as of the end of the third quarter, the company's revenue reached 6.4 million US dollars and a profit of 3.1 million US dollars. The fourth quarter was the best-selling quarter in the game industry. Profit not less than $4 million."

"From the performance of Xinghe Game Company in the past two years, it can be seen that the company's performance has maintained a steady growth, and its net profit is relatively high. It is a giant in the game industry."

"As the company goes public, the raised funds of more than 6 million US dollars are invested in the company's operation and development, and the company will surely maintain its leading position and expand and grow stronger."

"We can see that the company's arcade games are sold to all countries in the world. It is a global enterprise. The company's performance will not be greatly affected by changes in a certain market, and it is very stable."

"company……"

"..."

"Investment advice: We predict that Galaxy Games will maintain a steady growth in revenue and profit in the next few years. The net profit from 1980 to 1982 will be 5 million/6.5 million/8 million U.S. dollars, compared with the current price-earnings ratio of 8 times/ 6.2 times/5 times, the company is seriously undervalued, 'strongly recommended AAA' rating, target price of $50."

"Risk warning: The games developed by the company are lower than market expectations, the production cost of arcade machines has increased, and competition has intensified, etc."

After Lin Baicheng learned about this from Haruko Mori, he asked Catherine to collect the relevant research reports for him to read. He specifically read the Goldman Sachs research reports.

After roughly reading the research reports of all institutions, Lin Baicheng found that many of the words he said when raising funds were copied by these institutions. At the same time, those research reports also exaggerated his words, and each of them exaggerated than him. It's completely fooling people.

The recommended ratings for Xinghe games by various institutions are either AAA or AA, and the ratings are in a mess, not to mention the target price, which is around US$50, and the highest target price in a research report is US$60.

Based on the total share capital of 2 million shares of Galaxy Games, the highest target price of US$60 is equivalent to the company's total market value of US$120 billion.

Although Lin Baicheng also believes that the current market value of Galaxy Games Company of 40 billion US dollars is underestimated, he does not think that the company's current market value can reach as high as 120 billion US dollars, or even 100 billion US dollars is not worth it.

"This is really cannibalism."

Looking at the research reports of many institutions, Lin Baicheng couldn't tell that this was Goldman Sachs and those institutions joining hands to raise the stock price of Galaxy Games, so that after the six-month sales restriction period passed, Goldman Sachs and other institutions could sell at a high price. Sell ​​your stocks and make a lot of money.

As for the losses of those investors who were deceived, and whether the stock price of Xinghe Game Company will be wiped out in the end, it is not in the consideration of institutions such as Goldman Sachs.

Goldman Sachs and other institutions are not afraid of reputation damage if they dare to do this, because they have already marked the risk warning. If the stock price of Xinghe Game Company does not meet expectations by then, Goldman Sachs and other institutions can completely use the risk as an argument and push it away.

Of course, there is no harm for Lin Baicheng to raise the stock price by Goldman Sachs and other institutions. If the price-earnings ratio of the stock price is very high after the six-month restricted period, Lin Baicheng can also reduce the stock holdings and sell the stock at a high price.

Galaxy Games Company is listed on NASDAQ. Even if it is cutting the leeks of the shareholders, it is also cutting the leeks of the Americans. Lin Baicheng will not care about it, but will follow the silence to make a fortune.

However, being good is good, but it doesn't mean that Lin Baicheng has to pretend to be stupid.

After reading the research reports of various institutions, Lin Baicheng contacted Wade Thomas of Goldman Sachs to inquire about the research reports of various institutions on Xinghe Game Company.

"Alan, Goldman Sachs sponsored the listing of Xinghe Games. Goldman Sachs is obliged to maintain the stock price of Xinghe Games. Therefore, Alan, if you still have a company that wants to list in the United States in the future, you will definitely go to Goldman Sachs."

Wade Thomas said to Lin Baicheng in this way, avoiding the important ones and emphasizing the goodness of Goldman Sachs.

Lin Baicheng didn't believe what Wade Thomas said at all, and he immediately said: "Thomas, I won't go around with you anymore. Is your Goldman Sachs teaming up with some institutions to make multi-galaxy games? Looking at the research reports you published, each of them It’s almost boasting Galaxy Games to the sky, and the target price is even above $50, which is three times the issue price.”

"Alan, the company's stock price has risen, which is not a bad thing for you, is it?"

Seeing that Lin Baicheng had said it so clearly, Wade Thomas had no choice but to keep his words open.

"That's right."

Lin Baicheng nodded slightly, and then said: "However, I have not forgotten the contract we signed for the financing before the company's listing. After the half-year sales restriction period has passed, you Goldman Sachs and other institutions have the right to sell stocks before me. I must take out a month It’s time for you to sell your stocks first.”

"Now you push up the company's stock price, and start selling after the restricted period expires. At that time, the company's stock price was smashed by you at a high price. Then how can I reduce my holdings?"

"You cash out at a high position and let me stand guard. This is not what partners should do."

"Alan, you have cooperated so well with Goldman Sachs, how could we cheat you."

Wade Thomas immediately refuted a sentence, and then said: "Don't worry, even after the sales restriction period passes, we will not drop the stock price all at once. There have been too many pullbacks."

Lin Baicheng shook his head: "Thomas, I think we need to modify the contract. After the restricted period expires, I will be able to sell the stocks in my hand at any time, instead of giving you a month to sell the stocks first."

Wade Thomas said immediately: "Alan, we signed the contract, you can't go back on it."

"I have no intention of violating the contract, but you should be clear that as the chairman of the company, I am obliged to remind shareholders of the risks when the company's stock price fluctuates greatly."

Lin Baicheng's words almost made it clear that, as the chairman of Xinghe Game Company, he may have trouble raising the company's stock price, but it is not easy to suppress the stock price.

Not to mention anything else, many of the company's best-selling games are developed by Lin Baicheng. As long as he speaks out and says that he has something to do and has no time to develop games, it will definitely have a major impact on the company's stock price. ghost.

"Alan, I will report this to the president and give you an answer as soon as possible."

Wade Thomas thought for a while, but he knew very well that Lin Baicheng couldn't get around this matter. If Lin Baicheng didn't find out, then forget it. Since he found out that Goldman Sachs and other institutions are doing more, it must be to benefit Lin Baicheng.Now it's pretty good to just agree with Lin Baicheng to sell the stocks together at that time.

"Then I will wait for your good news."

Lin Baicheng nodded, and then stopped talking to Wade Thomas.

Goldman Sachs' action to leave Lin Baicheng aside this time made Lin Baicheng more certain that even Goldman Sachs, a partner, may turn around to deal with him at any time as long as the interests are large enough, let alone other Wall Street capital.

Therefore, Lin Baicheng must be more careful, more cautious.

Institutions such as Goldman Sachs still have great influence in the US financial industry. Many institutions are bullish on Galaxy Games, believing that the stock price of Galaxy Games is seriously undervalued, so they have attracted a lot of funds to buy Galaxy Games.

In the afternoon, the stock price of Xinghe Games rose again by 7.52%, closing at US$22.56, and rose by 10.86% throughout the day. The company's total market value is about US$45 billion.

In the morning, the company's share price only rose by 3.34%. After the release of the research reports of Goldman Sachs and other institutions in the afternoon, the stock price rose again by 7.52%, which shows the influence of Goldman Sachs and other institutions.

The next day was the last trading day in October, and the stock price of Galaxy Games continued to rise in the previous two days. Today, it rose 3.5% and closed at $23.35.

For three consecutive trading days, the stock price of Xinghe Game Company has risen. Based on the issue price of $16 on the day of listing, the company's stock price has risen by about 45.94% in three days, almost half of the increase.

Lin Baicheng must be happy that the company's stock price has risen, after all, his net worth has risen with the company's stock price rise.

After paying attention to the stock price of Xinghe Game Company for a few days, Lin Baicheng decided not to pay attention to it all the time, and told Bill Harveys to keep an eye on it. If there is a huge fluctuation in the stock price, he will be notified, and the rest will be discussed after the sales restriction period has passed.

With institutions such as Goldman Sachs doing long positions, Lin Baicheng believes that even if the company’s stock price will adjust before the half-year sales restriction period comes, it will be a short-term swing adjustment, and the overall trend will be mainly fluctuating. He does not have to worry about the company’s stock price falling sharply .

Lin Baicheng, who decided not to pay attention to the stock price of Xinghe Game Company from time to time, did not leave the United States immediately, or even left New York for Los Angeles. It is not that he has nothing to do in New York.

The Golden Fleece Company has recently been operating a large amount of funds. Since he has time, Lin Baicheng will definitely keep an eye on it himself.Even if Haruko Mori was around, he still had to ask from time to time to let the people below know that he was paying attention to this matter, so that the people below would not dare to mess around.

(End of this chapter)