Hong Kong's new giants

Chapter 761 [After the financial crisis]

Time flies, half a year has passed in a blink of an eye.

Monday, August 2008, 10.

Standing in front of the office window on the 88th floor of the 'International Finance Center', overlooking the crowds below, the mood of 'everything is under control' arises spontaneously.

Looking up towards West Kowloon, a taller building stands out from the crowd, and that is the 'International Commerce Center'.On the top floor of the 'International Commerce Plaza', there is also Lin Zuhui's exclusive presidential suite (Ritz-Carlton Hotel).

The two tallest buildings in Hong Kong - IFC and International Commerce Center, are like the gods of war defending Hong Kong, and also symbolize the supremacy of Lin Zuhui.

Comfortable!

Lin Zuhui shouted in his heart and returned to his seat.

Learn from the past.

Leaning back in his seat, he recalled the rhythm and events of the Hong Kong financial crisis in 2008.

Although it has always been about the financial crisis in 2008, the decline of the Hang Seng Index began in November 2007.

In 2007, the world's major economies were full of flowers, the economy was strong, and investment was booming.

In October 2007, the Hang Seng Index peaked at 10 points. However, since November 34500, the Hang Seng Index began to fall. At that time, the market had already paid attention to the subprime mortgage crisis in the United States. However, the basic economic data of the United States and Hong Kong were still very good at that time, and the market believed that the correction of the Dow and HSI was nothing more than a technical one.

但是到了2008年1月之后，开始风云突变。恒指在1月14到1月16号三天间跌掉了接近2500点，市值相当于消失1/10。

At the same time, the United States has also started the process of cutting interest rates for the Fed's federal funds target rate.In less than nine days in January, the federal funds target rate was reduced by 1 basis points.

After the Spring Festival in 2008, Hong Kong's Hang Seng Index continued to fall, and there was news of the bankruptcy of some time-honored small companies, such as Tailin Electric Appliances in Hong Kong at that time.In mid-March, the impact of the financial crisis on the main body of the financial industry began to appear, and the famous American investment bank Bear Stearns went bankrupt. On that day, inter-bank lending became difficult. In the words of an old fund trader, Liquidity has all but dried up, and no counterparty dares to trust each other.

At the end of March, some large companies began to publish their annual reports for the previous year. Benefiting from the good performance in 3, the Hang Seng Index rebounded by 2007 points in April, and the Hang Seng Index also returned from 4 points to 3400 points.

Among them, the best performers are of course Lin Zuhui's four large listed companies. Half of the rebound of 3400 points is due to them:
New Era Group's 2007 annual profit was 2600 billion (including non-recurring profits of 1280 billion, that is, non-recurring profits brought about by the sale of ships, aircraft, commercial real estate in Europe and the United States, etc.).

The media group's profit in 2007 was 255 billion Hong Kong dollars, and the game industry alone contributed 68 billion Hong Kong dollars in profits, and the rest of the business is also in full bloom.

Octopus Bank achieved an annual profit of 235 billion Hong Kong dollars, of which the non-recurring profit from the sale of assets exceeded 50 billion, but it still performed extremely well.

LEIT Group achieved an annual profit of 160 billion Hong Kong dollars, of which Fila Global contributed 40 billion Hong Kong dollars in profits, and JeansWest contributed 43 billion Hong Kong dollars in profits. Each brand has grown compared with the previous year.

When Lin Zuhui's four large listed companies announced their results, the whole world paid attention, and the industry really felt how vicious the eyes of the world's richest man are.

However, the rebound is short-lived after all. In May and June, the Hang Seng Index continued to fall. On the side of the road, many real estate agents directly marked a big X on the original listing price and wrote a new lower price. price, which was soon replaced by a lower price.

经过了7月恒生指数的短暂的一个小反弹之后，8月9月10月恒生指数开启了暴跌，恒生指数从23800点跌到了10月10日的16800点。

During the period, on September 9, the famous American investment bank Lehman Brothers also went bankrupt, leaving many Hong Kong ordinary investors who purchased wealth management products through Hong Kong commercial banks losing their money. , one out of every 15 citizens of Xiangjiang suffered a loss due to the bankruptcy of Lehman Brothers.

The review is over.

Lin Zuhui stretched himself and was in a good mood. New Times Group had 6000 billion Hong Kong dollars in its account, which should be the company with the highest cash flow in the world.

All this money has been saved in recent years. After all, apart from spending 900 billion to buy the British beer group, New Era Group has made relatively small investments.

Then, naturally, it was time to buy the bottom.

"Boss, it's time for the group meeting!"

"it is good"

Lin Zuhui got up and walked towards the meeting room.

"boss"

"BOSS"

More than a dozen core executives greeted each other with smiles. Many of them rushed back from overseas or the mainland, such as the president of Langham Hotel Group, the president of Futura Group, the president of New Times Group (Huaxia), etc., and even some core executives often On a business trip overseas.

Everyone's mood is the same as that of Lin Zuhui - like a spring breeze, a winner.

"It seems that everyone is not pessimistic because of the 'global financial crisis'. I believe that in addition to the reasons we avoided in advance, everyone is optimistic about the recovery and growth of the global economy."

"Yes, the impact of the 911/8 incident on the global economy lasted eight months, and the impact of this 'global economic crisis' has already affected ten months, because it is a diminishing debilitating effect, so there is still a year at most, or even half a year In time, the global economy will recover."

"That is to say, now that we have reached the bottom, it is time to climb up, and we have the best equipment and resources in the world."

Everyone applauded, and the boss sent a strong signal that he wanted to buy the bottom.

Lin Zuhui went on to say: "Times Shipping Group needs to prepare for the cold winter of shipping. Everyone knows that the cycle of shipping is extremely long. This wave of trough may last for ten years, and this is not the lowest trough. It may take seven or eight years. Gradually going down the trough. So, Morris, what do you think?"

Morris said calmly:

"In the third quarter of last year, Times Shipping has almost completely cleared the 'ship leasing' business. For the container business and oil and gas transportation business, it has also reduced the ship position by [-]% of the ships (there is an order for short-term leasing). Therefore, in terms of shipping, We have no assets to sell, so we can only continue to provide good services, expand business, and wait for the next round of shipping outbreak.”

"In terms of aircraft leasing business, we have almost sold [-]% of the aircraft together with the lease. I personally think that we can gradually buy the bottom and continue to do aircraft leasing."

"Of course, the most important thing is to continue to develop logistics/transportation. He doesn't have a big cycle, and stable growth is a good advantage."

"For the port/tugboat business, if there is a suitable target and the local government expresses its willingness to attract investment, Times Shipping can continue to invest."

Sea/air freight, port/tugboat, logistics/transportation, aircraft and ship leasing, these are the four major business segments of Times Shipping Group.

What Morris said is in line with Lin Zuhui's wishes. Of course, all of this is based on Lin Zuhui's analysis of the industry trend to him.

Lin Zuhui nodded and said: "Well, generally speaking, Times Shipping Group needs to start a steady pace of development, gradually invest in aircraft leasing, logistics/transportation, ports/tugboats, and integrate shipping business resources and management. The group needs more information. Groupization and groupization. These, after a week, you will come up with a specific plan and submit it to me."

Only one week is given because the top executives of the Times Shipping Group must have prepared in advance.

Morris said calmly: "OK, BOSS."

Next, Lin Zuhui asked: "President Doer, what plan does your Futura Group have?"

From 2007 to 2008, Futura Group sold a total of 400 billion US dollars in assets, leaving less than 600 billion in assets. Of course, this price is the valuation in 2007.

In 2008, European and American properties began to decline month by month, and they have fallen by 25% so far, and there should be a decline of less than 5%.

In other words, the current value of all the assets of Futura Group's 'Amazon Shopping Center', Canary Wharf Group, and Futura Properties should only be 400 to 450 billion US dollars. If they are sold, it may be even lower, because the more this Time, the more buyers will bargain.

Durr said:

"There is an opportunity, and we are ready to launch a continued investment plan."

"First of all, Amazon Shopping Center seeks the purchase and renovation of large and medium-sized shopping malls, as well as the construction of large shopping malls, and abandons investment in small shopping malls."

"Secondly, Canary Wharf Group and Futura Real Estate began to buy cheap office buildings in Europe and America, especially Futura Real Estate bought cheap office buildings in New York, Los Angeles, San Francisco, and Chicago."

Lin Zuhui said: "Okay, the environment in ZZ in Europe and America is stable, and the property is worth long-term investment. In the last year, the group allocated 150 billion US dollars to you. You should make a plan for bargain hunting."

European and American office buildings are still worthy of permanent investment. For example, from 2020 to 2020, other people’s commercial real estate will not fall there. After all, other countries’ economies are more resistant to pressure than developing countries.

And Fuli Group has no loans, so even if the rent collection is bad, it will not lose money, as long as it is a small profit.

Lin Zuhui always believes that land is the right.

The core business of New Times Group will always be rent collection.

Duer was shocked and said happily: "Okay, we will definitely do our best!"

Lin Zuhui nodded in satisfaction. These foreign executives all succumbed to his charisma and performed their duties conscientiously without being petty.

"The real estate in Hong Kong and the mainland continues to strengthen its development"

"The development of new hotel business of Langham Hospitality Group shifts its focus to Asia."

"Beverage and food demand overseas expansion, acquisition of local brands"

"Beer business."

Lin Zuhui gave instructions for each business.

The whole group is like a tiger out of the cage, and now is the best chance to find food.

The New Era Group has a cash flow of 6000 billion Hong Kong dollars. Naturally, this round of expansion will not cost that much, or even half of it.

And then, a large amount of dividends will be distributed every year, in the first half of the year, in the second half of the year, and throughout the year.

After the meeting.

Liang Zhenxun came to Lin Zuhui's office and said, "Boss, do you want to invest in some bonds in Europe and America?"

According to the analysis of the boss, the European and American economies will recover soon, so there must be a lot to do in the bond market at this time.

Lin Zuhui thought about it, his personal company could buy the bottom of the bond market, but he didn't want to do that, after all, the goal was too big.As for New Era Group's bottom-buying bonds, it is a corporate behavior and has relatively little impact.

"Okay, you organize the securities investment department to do this!"

"Ok."

Investing in bonds can be leveraged, and of course the risk is greater, but at this time, buying the bottom of the European and American bond markets will make 100% of the money, because it is the bottom of the copy.

Earning tens of billions of Hong Kong dollars is no problem!
In the next week, Lin Zuhui successively arranged five private investment companies, 'Lin Zuhui Family Office', 'Hengjin Real Estate Investment', 'Bahrain Bank', 'Hengjin Investment', and 'Jingwei Capital' to start a global bottom-hunting mode.

He purposely assigns:

'Lin Zuhui Family Office' repurchases value stocks of European and American traditional industries (Procter & Gamble, Johnson & Johnson, AstraZeneca, etc.), Heung Kong blue chips (HSBC, Hang Seng, Sun Hung Kai, Cheung Kong, Hutchison, etc.).After the repurchase, more than 1500 billion Hong Kong dollars in cash flow will be generated, which is the profit generated by selling high and buying low; and the assets of the entire family office are already more than 6000 billion (after the sharp drop), three times higher than eight years ago many.

'Hengjin Real Estate Investment' repurchases stocks of public utilities such as MTR and the Hong Kong Stock Exchange, and invests a small amount in Hong Kong's luxury residential properties, shops, and office buildings.And give up investing in H-shares and blue-chip stocks (no future and no dividends); after the investment, there will be more than 500 billion Hong Kong dollars in cash flow, and the total assets will be more than 2000 billion.

'Bahrain Bank' repurchased South Korean high-quality stocks such as Samsung Electronics, Hynix, and Hyundai Motor, and continued to buy global fixed assets and high-quality securities in European countries.In the past year, he has made a lot of money in the foreign exchange market, and the assets of Barings Bank will soon reach 2000 billion.

Hengjin Investment focuses on investing in US Internet and technology stocks, such as Microsoft, Oracle, Google, Amazon, Netflix, Priceline and other companies with 2% equity; the remaining cash flow has been withdrawn by Lin Zuhui and deposited into his personal account.The current asset value is about 600 billion Hong Kong dollars, which has shrunk greatly.

经纬资本，此次从苹果公司套现60亿美金，将用于投资欧美科技公司。并继续持有苹果公司5%、谷歌4.8%、亚马逊5%、金士顿80%、动视暴雪100%、阿里30%、腾讯36.8%等公司的股权或者股票。资产值在2500亿左右。

Five private investment companies with total assets of more than 1.3 trillion yuan.As for the future, I am afraid that there will be 5 trillion Hong Kong dollars.

These assets are growth assets.

Lin Zuhui still has more than 2600 billion cash flow in his hands, which are stored in Octopus Bank (1600 billion) and three Swiss banks (1000 billion).

Finally, Lin Zuhui still has 1200 tons of gold that can grow, currently worth more than 3000 billion Hong Kong dollars.

Therefore, Lin Zuhui's assets no longer on the books are about 1.9 trillion yuan.

As for the assets on the books, they are the stocks of the four major listed companies:

The market value of New Era Group has dropped from 1.6 trillion at the peak to the current 11000 trillion, which is considered to be very resistant to falling. For example, Cheung Kong, Sun Hung Kai, and Hutchison Whampoa directly cut [-]%.

The market value of the media group also fell to 2800 billion, the market value of the LEIT Group fell to 800 billion, and the Octopus Bank fell to 900 billion.

The decline did not exceed [-]%. The reason is actually very simple, because there is a lot of cash lying in the accounts of these four major companies, and investors are unlikely to sell a large amount of money. Even investors who invest in other stocks will regard Lin Zuhui's company as a haven.And it's not just cash in hand, Hong Kong now understands that there is only one stock god in this world-Lin Zuhui, who once again retreated bravely at the peak of the market.

(End of this chapter)