Age of Dreams

Vol 2 Chapter 1267: Star electronics

Putting down the mobile phone, Xiao Qi handled official duties in a hurry, and from time to time he called Chengdu and the United States to communicate about the laboratory.

When I saw a message on the e-mail, I smiled and turned on the hotel’s satellite TV.

In China, it is illegal to install pot lids privately, and only these high-end hotels can blatantly set up huge pot lids on their top floors to receive TV programs from all over the world-of course, they are also filtered. .

I was transferred to the Phoenix News Channel, and the beautiful female anchor was broadcasting the news loudly in a form similar to orgasm, with shining eyes and bright red eyes.

Affected by the severe fall in European and American stock markets, the Hong Kong stock market that was affected was actually even more unstoppable than them. In the past few days, the Hang Seng Index, which had already broken through 25,000 points, plummeted by more than 3,700 points and closed at 2,130 points. The total decline was more than 18%.

Since the Asian financial crisis in 1997, Hong Kong has rarely experienced such a continuous plunge. People are full of panic. Many celebrities and experts have come out to advocate for the Hong Kong stock market and sing that Hong Kong will be better tomorrow, but with little effect. ——Hong Kong people are very clever, they have long passed the time when they are easy to be fooled, and they will be spurned by them.

If you want to save the Hong Kong stock market, then you have to come up with some hard goods.

The great news released by Li Xiaochao on Sunday, after half a day of brewing and fermentation, after the opening half an hour on Monday night, the total number of shares expanded to 5 billion shares, and the price of 8 yuan per share of Star Electronics was immediately sought after.

Last night, the Cheung Kong executives secretly confirmed that Li Xiaochao only spent about 32 billion Hong Kong dollars on the purchase of Friendship United Holdings. So not counting the two super orders, the net assets of the star electronics company reached more than 32 billion. .

Count it like this. Diluted with a total market value of 40 billion yuan is definitely a real price of conscience.

When I was having dinner with the Li family at noon yesterday, Xiao Qi heard Li Chaoren say why he chose this price and the reason for the urgent listing.

It stands to reason that this is clearly a time of financial turmoil, if you wait for a few months. When the situation stabilizes before announcing the injection of assets and dilution of shares, then Li Xiaochao will definitely gain more wealth!

However, Li Chaoren persuaded his son to go public as soon as possible. The reason is that in the PCCW acquisition case in the past few years, too many people were cheated by Li Xiaochao. All stockholders who bought PCCW had their assets shrunk by at least 50%. , Making Hong Kong stockholders hate Li Xiaochao.

In the future, Li Xiaochao certainly cannot continue to be kidnapped, so he wants to establish a positive image of himself. It is necessary to stand up in times of crisis and inject a booster into Hong Kong's stock market, so that they can feel Li Xiaochao's determination and courage to raise the market.

With the current popularity of Fairy’s concept stocks, Star Electronics, which has several large orders, has a valuation of 40 billion Hong Kong dollars, which is definitely not high, or even very low, with a price-earnings ratio of about 10 times. Far lower than 20 times of Hong Kong's large-cap stocks, and even lower than 50 times of GEM!

The price is lower. Let everyone know that Li Xiaochao is not a greedy person.

But in fact, after being put on the stock market, are you still afraid that good stocks will be buried?

It will definitely return to its due value!

So do I need to be the bad guy in advance?

It's not necessary at all!

Older gingers are more spicy.

Sure enough, as soon as the market opened today, it confirmed Li Chaoren's statement.

The stock price of 8 yuan stayed for 1 second, 8.5……9……10……12……15……The stock price has soared to 22.61 Hong Kong dollars. The market value directly exceeded 100 billion Hong Kong dollars before it slowly began to fall.

But by the end of the afternoon, the stock price of Mingxing Electronics still proudly stayed at 18.58 Hong Kong dollars, an increase of more than 232%, with a total market value of 92.9 billion Hong Kong dollars. It's blinding everyone's eyes.

You know, according to the report of the Hong Kong Stock Exchange, Li Xiaochao will release 10 million shares every 10 minutes, and a total of 240 million shares will be released in 4 hours. The total turnover is 5% of the total number of shares, and the total turnover has reached 50. It is really commendable to maintain such an increase of 100 million Hong Kong dollars.

Even the PCCW stock, which has fallen to the bottom, rose 8% today, the largest increase in six months.

Many investment institutions came out to speak, claiming that Li Xiaochao had released too few shares, and he could be more bold and let go.

Merrill Lynch directly raised its target price for Star Electronics to 25 Hong Kong dollars.

JPMorgan Chase Securities Department also revised the evaluation from "recommended purchase" to "strongly recommended purchase" level.

Affected by the excitement of Star Electronics, and the Cheung Kong Group, New Henderson Group, New Century Real Estate Corporation and other giants also released some good news, the Hong Kong stock market miraculously stopped falling, and the stock index rose by more than 1% in one day. Soared 220 points.

However, Li Xiaochao is now a lot smarter. As soon as the stock market closed, he announced that he had promised Mr. Xiao Qi that he would hold the stocks of Star Electronics for a long time. In the next two weeks, he would release a maximum of 15 % Of stocks, no longer consider letting the stocks in hand appear on the tradable stocks.

This is where the Li family is smart.

They do not like 100% holdings like Xiao Qi, basically more than 50% is enough.

However, Mingxing Electronics is now a new type of asset injection. The confidence of the outside world comes from Xiao Qi's orders, and its own foundation is not strong.

If Li Xiaochao keeps releasing his shares these days, after a large number of stocks hit the market, the stock price of Mingxing Electronics will continue to fall on the contrary.

As it is now, announcing that only a limited number of stocks will be released will result in a situation where supply is less than demand ~www.readwn.com~, which will greatly help stabilize the stock price and stabilize everyone's confidence.

As for throwing out some stocks again in exchange for cash to repay debts, Li Xiaochao will only reduce his holdings once Xiao Qi's dreamstars goes on sale.

Of course, if there are too few stocks in circulation, it will also have a negative effect on the maintenance of stock prices.

Therefore, Li Xiaochao released a total of about 20% of the stock, which is a very suitable ratio. At first glance, it is known that the old and cunning Li Chaoren helped him make suggestions.

There is an old family, like a treasure!

Not only within the Li family, but also in the entire large Cheung Kong Group, Li Chaoren is an irreplaceable pillar. Once he has any health problems, the Cheung Kong Group will be panicked.

Everyone is so dependent on this old man, which is probably one of the important reasons why he will not retire in his 80s! (To be continued...)

ps: Ask for a monthly pass! These days, if you don’t ask your brothers, don’t give it. It’s too bullying, isn’t it? Guiqiu! ^_^

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