Hong Kong's new giants

Chapter 269 [Infrastructure Investment]

Monday, May 10.

Harcourt Building is located in the coastal area of ​​Wanchai. Lin Zuhui stood in front of the top office window of Harcourt Building, looking at the Victoria Harbor outside, feeling a sense of pride in his heart.

This building was bought for about 12 billion, and he knew that the value of this building would be as high as 150 billion in the future!It seems that the rate of return is not high, but the rent is king. It is estimated that the rent in 30 years can reach more than 150 billion.

After being proud for a while, Lin Zuhui returned to his desk, which is the new headquarters of Hengjin Investment.

Looking at the computer on the desk, Lin Zuhui is full of longing for three or four years later; he seems to remember that around 1993, the real-time price of stocks could be displayed on the computer; and in 1995, the United States had entered the commercial trading of stock computers.

He has already figured it out. At that time, there will be two computers in his office. One computer will display the stocks of his listed company, and the other will be used for office work.

And he is only 24 years old this year, so he can fully enjoy the advancement of the Internet age!
start working.

Looking at the USD/JPY trend chart on the table, he immediately regretted that he had invested too little!

At the end of September, he carried out short selling with 3 million Hong Kong dollars and 135 times the leverage. The average point of short selling was [-] points.

As a result, the yen began to appreciate sharply in October, and the USD/JPY fell 12% on the 4.5th, and even fell to 127 points at the close of last week.

As of now, his 3 million has netted 1.8 million!
If I had known earlier, I would have invested 5 million yuan!

At this time, Lin Zuhui didn't have the consciousness of a traverser at all, and felt sad for his loss of 1 million!

However, he quickly adjusted his mentality and began to analyze the outlook for USD/JPY!
The drop is so sharp this time, it is estimated that it is expected to fall to 120~122 points. In the past year, it has fallen to this price range twice, so Lin Zuhui is very confident that he will fall to this range again this time.

And Lin Zuhui clearly remembered that before 1993, 120 points was a hurdle, and it would not fall below;
Therefore, once the USD/JPY fell to 122 points, Lin Zuhui began to backhand 'buy'.

He is also sure when to sell it!
According to the previous trend, there is absolutely no problem in rebounding to 150 points!
Anyway, his buying point is at 122 points, and he is already in an unbeaten position. No matter when he reaches 150 points (before 1993), he does not need to feel nervous.

Therefore, Lin Zuhui plans to add about 4 million Hong Kong dollars in funds at that time to make up a 10 billion margin deposit and buy with 10 times leverage.

Calling Li Hao, Lin Zuhui urged: "Once the USD/JPY hits 122 points, report to me in time!"

Li Hao nodded. Now he admires the boss's investment method of "quick, hard and accurate", and he will hit it with one hit!
"Okay, boss!"

Then the two discussed the problems in the Xiangjiang securities market and came to a conclusion that it may be difficult to rise to 2700 points this year, after all, the market is still a little panicked.

And once the delivery of the December futures contract is completed, then in the first quarter of 12, the Hong Kong stock market may usher in a war.

With the futures contract, the stock has to consider its possible impact.

After such an analysis, Lin Zuhui suddenly felt a little headache. He has invested 8 million in stocks and index futures. It seems that he will not be able to make much money this year, nor can he expect to cash out from the stock market. After all, he will reach 3200 points After (before May), it will be sold.

At this time, his personal debt has climbed to 20 billion yuan (mortgaging part of the interest in Ligende Pavilion and Furama Hotel), and he still has more than 12 billion in cash.

Why did he feel a headache? It was because he guessed that by the end of the year or the first half of next year, the Hong Kong government would auction off two "Land King"-level lands, and it would cost billions to win them.

Therefore, he must make the financial situation of New Times Group and Huaren Real Estate better.

In the afternoon, Lin Zuhui came to New Era Group and held a high-level meeting.

General Manager Chen Bin said: "The Tate's Cairn Tunnel will be called for bidding next month, and the winning company will be awarded a 30-year franchise of the Tate's Cairn Tunnel through the method of "build, operate, and hand over". "

Lin Zuhui thought for a while and said, "The Tate's Cairn Tunnel is a large-scale infrastructure project. At present, our financial strength still cannot bid independently. So, who do you think is the most capable construction company in Xiangjiang?"

Chen Bin is a well-known real estate professional executive in Xiangjiang, and he is very proficient in the construction field, so he immediately said: "I heard that Jinmen Construction, a subsidiary of Jardine, intends to participate."

Lin Zuhui nodded, and said, "There is no infrastructure project for New World Development, right?"

Chen Bin nodded and said, "No, just like us, I want to enter but have no chance!"

Lin Zuhui knew it well, that is to cooperate with Zheng Yutong first, and then go to Yihe to discuss cooperation; at that time, Jinmen Construction will definitely recruit two partners.

The reason is simple, Golden Gate Architecture does not have the strength to swallow it alone, and now that the new era and the new world are united, it is better to have one more ally than one more opponent.

"Okay, I'll be in charge of this project!"

Everyone nodded. This may be the first infrastructure project of the New Era Group. Although it is only a shareholding, it is beginning to develop anyway.

And Lin Zuhui's idea is that once the reform starts, he will establish a new era of infrastructure (Huaxia), which will be responsible for investing in infrastructure in the mainland.With stable profits, it can also increase influence, killing two birds with one stone.

Next, Lin Zuhui said: "I recently discovered a situation that residential units of 700 to 800 square feet are becoming more and more popular. You should think about whether the group's main unit size can be bigger (previously 500~ 600 square feet is the main type of apartment, there is no common room); and, are we in this type of apartment, how can we design to satisfy the citizens? Here, let me give you an opinion first, small and medium-sized families in Hong Kong are rarely in I greet relatives and friends at home, and there are not many visits to each other at the same time. If there are any festive banquets, they always patronize restaurants and tearooms, so the guest restaurant does not need to be large. The extra tens of feet are designed to be a bathroom in the master room, right? more popular?"

The average family comes home from work all day, and they don’t want the couple to lie on the bed while resting and chatting, while watching TV; the master room also has a bathroom (toilet), which is self-contained and convenient.

Chen Bin and others nodded and said, "Okay, I will organize people to conduct investigations and research, and I will come up with a plan for you in time!"

Lin Zuhui nodded. He usually makes suggestions, not to implement them immediately. He needs a more professional team to prove his ideas before making a decision.

Next, Lin Zuhui said: "The stock trend of New Times Group is very good, so I plan to issue convertible bonds in November to raise 11 million yuan! Next, we will prepare for a rights issue to raise 5% of new shares. Subscribed (10%). Therefore, during this period of time, you should show investors more about our development and attract everyone to invest in us!"

Liang Zhenxun quickly said: "Okay, we have been working hard in this area, and I believe investors are very optimistic about us! After all, our company is led by you, the boss, and has achieved great results in predicting real estate trends and avoiding risks!"

Everyone agrees, what Liang Zhenxun said is true. Before the stock market crash last year, New Times Group began to vigorously sell residential units three months in advance, and reduced its debt holdings one month in advance. Investors are not fools, and they have seen this company The company is very strong in risk control.

What's more, New Times Group's building area sales this year have soared from sixth last year to third and fourth, which is obviously a kind of control over the market.

It can be said that the construction efficiency of New Times Group is the highest in Hong Kong.

Li Zhaoji of Henderson Land has publicly admitted this point.

Lin Zuhui asked Chen Xiaofen, "How is the sales of Discovery Bay's third phase?"

Heung Kong's strength is not strong, and the third phase of the sales plan for Discovery Bay was completed by two companies, New Times and New World.

Lin Zuhui is mainly concerned about the issue of repayment!

Chen Xiaofen reported: "[-]% better than expected!"

Lin Zuhui nodded, very satisfied with the effect. When planning the sale at the beginning, Lin Zuhui raised his opinion, that is, let the media spread that the new airport plan may be released next year.

Anyway, it is just a 'rumor', and there is no responsibility, but many investors are different, they will consider the possibility of this investment!In the end, it was found that the new airport is really likely to be introduced, and once the new airport is built on Lantau Island, there must be a cross-sea bridge and an undersea tunnel.

Let me ask, is Discovery Bay still an isolated island after having traffic?

The house in the third phase of Discovery Bay is 580 yuan per square foot, isn’t it worth it?

You know, now the New Territories are already 1200 yuan, and the urban area is already more than 1500 yuan, and Kowloon is also 1400 yuan.

The Discovery Bay project does not need to pay any fees to the government (except taxes), only construction fees are required, so the future profits are still very considerable.

The next day.

Lin Zuhui walked out of New World Development Company, suddenly thought of a small fortune project, and immediately walked towards Hengjin Investment.

Just now, Lin Zuhui and Zheng's father and son talked about the cooperation proposal of the Tate's Cairn Tunnel, and the two parties quickly passed the cooperation agreement; after all, the two companies did not have the conditions to independently develop the Tate's Cairn Tunnel. The cooperation with Golden Gate Architecture is also a very good solution.

And Jinmen Building belongs to Jardine, so it must not dare to invest too much, so the possibility of this tripartite cooperation is very high!

Returning to Hengjin Investment, Lin Zuhui began to find a piece of information about 'Yong'an Group' in the office.Because he seems to remember that Zheng Jiachun launched a hostile takeover of Wing On Group after he came to power.Based on this kind of memory, Lin Zuhui felt that if he bought some odd shares of Wing On Group now, he would definitely earn tens of millions.

Although the money is not much, Lin Zuhui estimates that he can make more than [-]% of the profit (the shares of Wing On Group are much lower than the net value), so why not do it!

In Hengjin Investment Company, after reading the materials and asking the staff about the stock situation of Yongan Group, Lin Zuhui almost became uneasy.

original:

Wing On Group is owned by the Guo family, an old family in Hong Kong. The Guo family has grown to the third generation, and there are dozens of third-generation members.

The conduct of these members is uneven, causing many scandals. For example, some members borrowed more than [-] million yuan from Wing On Bank in violation of regulations. As a result, they died and became a bad debt.There are also many members who borrowed money from Wing On Bank in violation of the regulations. In short, the money of the depositors is regarded as the money of the family.

As a result, Wing On Bank was on the verge of bankruptcy, and Hang Seng Bank purchased 51% of its shares and began to kick out the Guo family.

Of course, this is not the reason why Lin Zuhui is not calm.

It is Wing On Group (listed company) that controls Wing On Company (listed company), and the property value of the two companies is as high as more than 50 billion yuan; this piece of fat is so big that Lin Zuhui, who likes "hostile takeovers", almost I want to go out again.

The properties owned by the two companies are: Wing On Center (Central District), Wing On Building (Central District), Wing On Life Building, Wing On Plaza and the shopping mall in Nanyang Center (Tsim Sha Tsui East).

The market value of Wing On Center is 27 billion Hong Kong dollars (60 square feet, the floor price per square foot is estimated at 4500 yuan), plus two medium-sized buildings in Central and two shopping malls in East Tsim Sha Tsui, the value is about 55 billion.

However, Yongan Group has a total share capital of 1.815 million shares, a stock price of only 7 yuan, and a total market value of less than 13 billion (the 55 billion property is not owned by a listed company in Yongji, including its subsidiary Yongan Company).

Lin Zuhui was thinking, as long as he controls the Wing On Group, even if the price is doubled, it will be very cost-effective, after all, he will also give away a subsidiary company - Wing On Company!

Wing On Group can earn hundreds of millions of dollars a year from rent collection. The reason why the market value is so low lies in Wing On Department Store. There are Yongan Life Insurance, securities, and bank investments, all of which are big losers.

Some media describe Wing On Group as "it's better not to do it", because doing less and losing less; not doing it, relying on rent, depositing funds in the bank to generate interest, buying HSBC, Hongkong shares, is better than trying to do everything, everywhere. Hitting a wall is better.

After Lin Zuhui's analysis, he felt that even if he came out, it would be very difficult to acquire Wing On Group.

Because the Guo family’s business management group holds 41% of the shares, the Guo family of the board of directors holds 2% of the shares, and the third generation of the Guo family who has not joined the board of directors should still control some stocks.

The 25% stake in Huayin Holdings in Singapore is completely acceptable;
If the peripheral members of the Guo family sell their stocks at a high price to themselves, it is not impossible. After all, the Guo family has some internal turmoil.

If he has 20 billion in cash, he can give it a try!
If it succeeds, they will package and sell all the banking, insurance, securities, and department stores of the Wing On Group to the Guo family, allowing them to inherit their ancestral business.

And he was originally interested in those high-quality properties, which are a full 90 square feet of rental property in Central, and two shopping mall properties, which make people drool.

In the end, Lin Zuhui held back!

Firstly, it is difficult to succeed, secondly, I have no money, and thirdly, I don't want to cause notoriety.

Calling Li Hao, Lin Zuhui said: "Close some blue-chip stocks and buy Yongan Group stocks. Don't buy too much, about three or four points. Don't startle the snake, buy in batches!"

"Okay, I'll do it little by little through the way of swapping shares!"

"Well, sell here, buy here!"

(End of this chapter)