Started from Hong Kong Island

Chapter 59 [Buy in, Buy in]

Monday, December 72, 1
The Hong Kong Electric Company finally finalized its dividend plan of 3000 million, which caused a sensation in the whole of Hong Kong. The stock price rose sharply again, rising by 2% in just 3 hours, and the market value increased by to million Hong Kong dollars.

This situation made investors even more ecstatic, and they desperately bought shares of the Hong Kong Electric Company. The stock price rose very impressively.

He went to the Hong Kong Electric Light Company to register and receive his dividend. Although the amount of dividend was not much, Li Wendi was very happy. After all, more than ten thousand yuan was enough for his personal expenses for several months. Every little bit counts.

By Thursday, the stock price of the electric light company began to rise slowly. Li Wendi knew that it was time to sell the shares of the Hong Kong Electric Company. According to his memory of his previous life, the Hong Kong Electric Company would not perform very well in the future. It was definitely not in line with Li Wendi's plan to tie up the money here.

Small office in HSBC trading hall
"Mr. Li, are you planning to sell the shares of Hong Kong Electric Company?" trader Wu Xiong asked with a slight smile. He had gotten a glimpse of Li Wendi's style of doing things over this period of time.

Li Wendi nodded. "Yes, Mr. Wu, do you have any inside information to tell me?"

The second half of the sentence was of course a joke. Disclosing insider information is against the rules and in serious cases one would have to go to Stanley Prison. Wu Xiong is a newcomer in the financial market so he naturally wouldn't be so courageous.

"Mr. Li, you must be joking. I don't have any such news." Wu Xiong knew that Li Wendi was one of his biggest clients, so he needed to curry favor with her. This was what his senior taught him. "However, although the share price of Hong Kong Electric Light Company is still rising, it shouldn't be much. I still want to contact you and ask you to consider selling it."

"That's true. Mr. Wu is indeed a top student in finance." Li Wendi didn't know which school Wu Xiong graduated from, so he could only give him an ambiguous compliment.

"Thank you Mr. Li for the compliment!" Wu Xiong did not continue to flatter, but chose to help Li Wendi sell the stocks. It would take some time to sell so many stocks, and Wu Xiong understood that Li Wendi would definitely buy other stocks as soon as possible.

In fact, Li Wendi was very conflicted. The Hong Kong stock market was relatively calm in the first half of 72, and there were no major events that could cause a particular stock to rise or fall significantly, so he had not yet decided which stock to invest in.

An hour and a half later, Wu Xiong came back and sat down to report to Li Wendi, "Mr. Li, you hold a total of 26 shares of Hong Kong Electric Light Company. The purchase price is 2.3 yuan per share, and the selling price is 4 yuan. The funds recovered are 104 million yuan. After deducting various taxes and fees, it is 97.76 yuan, and the profit rate is 63%."

"Which stock does Mr. Li want to continue buying?" Wu Xiong asked.

Li Wendi smiled and said, "Mr. Wu, do you have anything to recommend?"

There was a gleam in Wu Xiong's eyes. This was the first time that Li Wendi asked for his opinion. It was always Li Wendi who designated which stocks to buy. Now was naturally his chance.

Today, most of the companies listed on the Hong Kong stock market are British or foreign-owned. As for Chinese-owned companies, there are almost none. Powerful companies such as Hang Seng Bank, Sun Hung Kai, and New World Development have not yet been listed. The main reason for this is that the British do not allow Chinese companies to go public and have set many restrictions. Therefore, there are not many choices for stock investment. Some British-owned companies have simply not enough assets and are forced to go public.

After thinking for a while, Wu Xiong analyzed and said, "There are not many types of stocks in the Hong Kong stock market, and there is not much room for choice. I think Mr. Li should still go back to Wheelock and Company, Jardine Matheson, Hong Kong Land, and listed companies under Hutchison Group. I personally am more optimistic about Hong Kong Land. Now Hong Kong Land has begun to expand on a small scale. However, if there is any sign of trouble, investors will buy it, and the stock price will rise sharply."

The current Jardine Matheson Group (Jardine Matheson is the real estate subsidiary of Jardine Matheson) has formulated a strategy of steady development and only changed to an aggressive style after suffering investment losses in the 80s.

The share price of Hong Kong Land Development was already close to 86 yuan, and there was absolutely no possibility of doubling. Li Wendi remembered that Hong Kong Land Development's acquisition of Dairy Farm International took place in November of that year, which was still nine months away, and 11 yuan of funds could not buy many shares of Hong Kong Land Development.

According to Li Wendi's plan, the shares of Dairy Farm International will be the main force, while the shares of Swire Properties will be secondary, and other investment funds will not be diverted to the stock market now.

So, Li Wendi shook his head and said, "The share price of the Hong Kong Land Company is too high. Even if it rises, we won't make much profit."

Wu Xiong retorted, "Mr. Li, if there is no major event, a company's stock will not change much. Your previous investment was a bit tricky. Generally speaking, a stock that can earn 40% is already very good."

Li Wendi thought about it for a while and felt that what Wu Xiong said made sense, but it was also short-sighted. After all, Wu Xiong didn't know about the acquisition case half a year later, so he moderated his suggestion, "Well, then I'll take out 50 to buy shares of the Hong Kong Land Company. Does Mr. Wu have any other suggestions?" Wu Xiong thought for a while and said, "The American-funded Wing Lok Hotel Company has been listed in Hong Kong. Although the response is not great, I think there will be changes in the near future. After all, listed companies rely on the stock market to make money."

Li Wendi thought for a moment and realized that the stocks of newly listed foreign companies would definitely rise. The Hong Kong stock market was so hot that no one would not want to make a fortune. So he asked, "What is the stock price of Wing Lok Hotel?"

"About 1.6 yuan!" Wu Xiong responded.

"Okay, use the remaining funds to buy all the shares of Wing Lok Hotel for me."

"Okay, there are a lot of scattered shares of Wing Ho Hotel in the market now, and you can buy them all up immediately. However, the shares of the Jardine Matheson Group are hot stocks, so it will take a day or two," Wu Xiong explained.

Li Wendi nodded to indicate that he understood.

Sure enough, before the market closed at noon, all 47 yuan was used to buy shares of Yongle Hotel Company, while only 3 to 4 yuan of shares of Jardine Matheson were bought. The popularity of the shares was astonishing.

Li Wendi was also secretly shocked. Fortunately, he learned about the situation of the Hong Kong Land Development at this time. Otherwise, he would have missed the chance to make profits from the surge in the Hong Kong Land Development's stock price in the acquisition war in the second half of the year.

Li Wendi also hoped that Yongle Hotel could take value-added measures in the near future to make its stock price rise sharply. Unfortunately, he had never heard of this company in his previous life and knew nothing about it, so he didn't know when the stock would rise or to what price it would rise.

At this time, all I can do is pray and wait, hoping that the god of fate will continue to favor me.

Soon, Zhang Yan brought good news: an owner was willing to sell it to Changheng Real Estate Company at a 25% premium, but required a one-time payment of the full amount.

Li Wendi thought it was acceptable. They originally wanted to pay in full and did not intend to take out a bank loan. After all, this business could quickly recover funds and did not need to make it too troublesome.

Chen Jinxi served as the company's financial manager as she did last time, and at the same time made some small decisions for Chen Xingzhou, but she said, "Isn't it a good price if the market price is 2% higher?"

As soon as this sentence came out, Li Wendi was immediately a little disgusted, because this sentence obviously suspected that Li Wendi embezzled part of it, but he still smiled and said, "Ms. Chen, you can go to Wan Chai to understand the market. If the premium is not higher, why would the owner sell it to us? Is it because our company is newly established? Or is it because of insufficient funds?"

There was a lot of sarcasm in his words, and Li Wendi let out a sigh of relief.

"." Chen Jinxi naturally heard it, but she hadn't figured out how to fight back. She was afraid of having a conflict with Li Wendi, and she was also afraid of exposing her own weaknesses.

Li Wendi continued, "If Miss Chen can't make a decision, you can ask Mr. Chen to come over. I have already discussed this with Mr. Chen before, and I believe that Mr. Chen can understand the price."

Chen Jinxi lowered her head and thought about it, and felt that it was true. Li Wendi would probably not be interested in a mere 5% share, but was he really not resentful about the fact that his company was taken away last time?
"Don't bother my brother. I can make the decision. I just have some doubts, not that I doubt Mr. Li. Let's take over the property as soon as possible."

"Ayan, get ready and sign the contract with the owner immediately. Don't let other companies get there first." Li Wendi ordered.

If Li Wendi did not need to fight back against Lin Jianmin and Chen Fenben, Li Wendi would not have cooperated with Chen Xingzhou and his sister. These two people were hesitant and did not have the courage to break through the siege, let alone put themselves in danger.

(End of this chapter)