Hong Kong's new giants

Chapter 395 [Attack again]

Tuesday, July 3.

New Times Group officially released a revaluation report, with a net asset value of 828 billion, which shocked Hong Kong and Kowloon for a while.

Who would have thought that this company was only taken over by Lin Zuhui for six years, and in 1985 it was only a small company with a net worth of 0.5 million yuan, but now it has increased by a thousand times.Opening the development history of New Era Group is a history of financial development of acquisitions, mergers and acquisitions, and financing.

Taking the Changshi family as an example, the asset value from 1986 to 1991 has only more than doubled, and the current net asset value is only more than 1100 billion.

On the same day, the shares of New Era Group soared again, and its market value exceeded 680 billion.

Huazhi Center.

Lin Zuhui was thinking about problems in the office. The rise in New Era Group's stock price was due to his deliberate promotion.

Its purpose is to carry out a series of financing activities.

He plans to raise RMB 30 billion through rights issue in May, issue convertible bonds and overseas bonds to raise another RMB 20 billion, for a total of RMB 50 billion.

This year, New Era Group's original profit scale may also be around 60 billion. Coupled with the original billions of cash on the account, New Era Group's cash flow is very sufficient, second only to the existence of HSBC Group (Hang Seng Bank is also HSBC Group) Subsidiary company).

As for that little debt, the debt ratio is not even 8% now; and the best interest rate is only [-]%, so there is no reason to repay it in advance.

This year's major investment projects are Tsuen Wan Plaza, land reserve, etc. Although the Tsuen Wan Plaza project has a large investment, it will be invested in batches, and there will be subsequent withdrawal of funds from adjacent residential projects.

Money seems to be a little abundant!

This is exactly what Lin Zuhui would like to see.

As long as you have money, once you have a good investment, you can start immediately without being subject to the bank.

In the afternoon, Lin Zuhui came to Hengjin Investment and received George, the president of Hengjin Investment, and Bruce, the head of home office investment, in the office.

"How's the shorting of USD/JPY going?"

Yes, Lin Zuhui sold his highly leveraged foreign exchange again because he was short of money.The development bank required a lot of investment in the initial stage, and he had to dig out his memory to invest and obtain high returns.

Investing in the S&P 500 has a steady profit of more than 30 billion. Even so, the cash flow of Hengjin Investment is only more than 80 billion.

This made him not feel safe enough to invest in the bank!
His investment bank is not starting small, but intends to become one of the top five large banks in Hong Kong in one fell swoop, so the capital needed may be huge.

Therefore, the stock gods shot again!

Since March, he has paid attention to the price of USD/JPY, and found that when it rose from the lowest point of 2 in February to 127 points, he decisively let Hengjin Investment start short selling 135 billion USD/JPY in batches at 137 points. Yen (200 billion deposit).

This time, he adopted a leverage of 20 times and a principal of 10 billion; in addition, he also prepared a fund of 30 billion to replenish the margin at any time to avoid being liquidated.

In fact, this kind of gameplay is similar to the 100 times leverage of later generations.Assuming only a minimum leverage of 2 times, Lin Zuhui's investment method is to take out [-] million for short selling, and then increase the margin at any time.

But now is not the era of Internet trading. If you really need 100 times leverage, no one dares to invest. Before the phone call is over, it is estimated that the position may be liquidated.

As for why Lin Zuhui chose to short sell USD/JPY, it is not entirely based on analysis, but memory occupies a large part; because he knows that USD/JPY will drop to around 1992 points in 120 almost from now , Around 1993 points in 100, and around 1995 points in 80.

Anyway, the general trend is all the way down, so he has no reason to 'buy', but chooses to 'short'.

In addition, short selling above 137 points is relatively safe. If it rises to 143 points, he will immediately call for margin, and so on, his 40 billion funds can almost support 166 points.

This is not over yet, if it can really rise to 166 points, Lin Zuhui will mobilize a large amount of funds and continue to sell short, and he will earn more.

Obviously, it is impossible to rise to 166 points, which is not in line with the general trend!
George nodded and said, "Well, New York, London, and Xiangjiang are all short selling in batches. According to the current situation, almost every day is a short selling point, and it is expected to be completed this month."

Lin Zuhui emphasized: "We can only short sell above 137, even if it is 136.9 points, we will not short sell! Even if there is no opportunity to sell short, we must adhere to the pre-investment strategy and cannot make any changes. Because investing such risks Project, mentality is the most important.”

Compared with investment professional, Lin Zuhui is definitely not as good as George and Bruce, but compared to mood, Lin Zuhui has already been as stable as Mount Tai, and almost no one can be more stable than him!
The first is that he knows some general trends, and the second is that his wealth is huge, less than 100 billion, and he will not blink when he loses.

"Okay, we've been sticking to your style!"

Then, Lin Zuhui communicated with Bruce again, and the 200 billion of the family office has basically been invested.But the investment department of the family office is not only responsible for the affairs of the family office, they have to be responsible for all the affairs of Lin Zuhui.

"Pay attention to the stock situation of Oracle and Citibank for me, and communicate with me at any time." At the end, Lin Zuhui told Bruce.

Bruce asked: "The boss wants to buy the bottom? These two companies have been in trouble for the past two years, especially Oracle's market value has plummeted by 80%."

Lin Zuhui nodded and said, "Remember, the 90s was dominated by the Internet and information technology, and almost any investment related to it would make a lot of money. The four emerging retailers Home Depot, Best Buy, and electronic technology companies Dell Computer and Intel The company is the stock that our family invests in this time, and it is actually related to the Internet and information technology. Therefore, you can also pay attention to stocks similar to software, and you can invest in them."

As expected of a stock god, Buffett is not so convincing, Bruce and George thought so.

"Okay, we will pay attention to the investment in this area!" said in unison.

Although there is a new direction of investment, the Family Office and Hengjin Investment currently have no funds.

However, after the delivery of the S&P 4 index futures in April, some of the approximately 500 billion funds withdrawn can be used to allow Hengjin Investment to invest in US stocks with software, information technology, and Internet themes.

As for the bargain-hunting of European and American office buildings, Lin Zuhui has decided to ask New Era Group to spend 20 billion Hong Kong dollars in funds to complete it in the form of loans (5 times leverage).

This round of European and American real estate declines actually started to rise again in 1993.So Lin Zuhui planned to invest in European and American commercial real estate in 1992.

On Thursday, the downstairs of Huazhi Center began to line up again. These people came to buy houses, and the sales period of "Sceneway Garden" was Friday.In order to ensure that there are no accidents, JC can only be asked to maintain order 24 hours a day.

On the next day, 750 of the 735 residential units in Sceneway Gardens were sold that day, and they were basically sold out on the first day.

For this situation, Lin Zuhui had expected it a long time ago, and he also knew that the growth rate of Xiangjiang Properties this year should be more than 5%.In other words, taking the island as an example, the average selling price this year will be around 2800 to 3000 yuan, excluding large housing estates and luxury properties.

crazy!

So much so that when the Lin family was having dinner, the girls were chattering about real estate, and nothing could stop them.

On Saturday morning, Lin Zuhui called ATV executives and senior staff from the program production department for a meeting.

"How is the performance of "The Voice of China"?"

Hearing Lin Zuhui's question, Selina Chow immediately reported: ""The Voice of China" received a total of 6000 million advertising fees, and the net profit is expected to reach 2000 million; Sixty percent of the share has completely suppressed TVB; the current audience of Asia Satellite TV has reached 1500 million, which is nearly double that of when it started broadcasting.”

Great job!

Low profits are normal because costs are simply too high.

The most critical thing is that sea drives the increase in the number of viewers of Satellite TV, which is the biggest investment in the long-term advertising revenue of Satellite TV.

Lin Zuhui remembers that in his previous life Li Cucumber's six satellite TV channels had 4500 million viewers after two years of broadcasting.According to the current situation, Asia Satellite TV may also reach more than 4000 million viewers.

Because compared with Li Cucumber's satellite TV station, Asia Satellite TV has more advantages in programming.

Lin Zuhui nodded and said, "The Voice of Chinese is the originator of the talent show, but it is obviously not enough for us to dominate the world in variety shows. Next, you will prepare another show called "Pop Idol."

"The idea of ​​the show is: this show is designed for kids who want to be pop stars, and it's about selecting a superstar and pop icon among 20-year-old Chinese kids all over Asia. It kills three birds with one stone, is It is a shortcut for these young people to make their dreams come true, it is a way for record companies and managers to discover new singers, and it is also a "reality TV" for several months to attract viewers."

"The method of the program is: 4 judges in each group will go to Asian Chinese gathering places to select talents! First register and sign up, and then select 100 people from tens of thousands of people. Then, select from these 100 people 50, and finally reduced to 10 candidates, at this time, the judges already have a bottom line in their hearts, although there can only be one winner in the end, standing in front of them is not just a future star."

After Lin Zuhui finished speaking, not everyone had a good eye. Some high-level executives questioned: "Boss, will there be some overlap between this program and "The Voice of China"?"

Lin Zuhui was not disgusted, but explained: "There must be repetitions in the talent show, but there must be many differences, that is, the model and the target audience. The target of "Pop Idol" is from 16 to 24 years old, and the singing voice is very important. , but looks also have a certain importance. Pop idols, also known as super idols, are our ambitions to create a new super idol!"

Selina Chow immediately echoed: "This program is very creative, and the important thing is that it is very suitable for the copyright requirements of European and American TV stations. If we manage it well, one copyright can be sold for tens of millions of dollars."

Lin Zuhui nodded in satisfaction, and said, "That's right, at least 2000 million US dollars a copyright, we sold it too cheap last time. Let's see how much money ABC in the United States is making with "Millionaire"!"

Everyone nodded!
Then, Lin Zuhui discussed the details of the design for everyone. For example, in the audition, each contestant only has 1 minute, which is more efficient.Because as long as you sing well, even if you don't perform well, you can still pass the audition.

Secondly, special events in cities such as San Francisco, Vancouver, and London can be added, and advertisements can be made in local Chinese newspapers.

The cost may be much higher, and a program that could have earned 5000 million yuan may end up being a tie.But Lin Zuhui was originally interested in the copyright income and the increase in the number of viewers of satellite TV, so the program itself was losing money, so he had to do it.

After the meeting, Lin Zuhui showed a smile. There are too many programs that can be copied from the previous life.In addition to talent show accidents, it is also possible to plagiarize the 'Wilderness Survival' program.

Lin Zuhui remembered that there was a similar program around 2000 in his previous life.So, in the last few years it will be done.

Today, the success of Asia Satellite TV has immediately made the audience of Asia TV not limited to Hong Kong, but to the whole of Asia.Therefore, many advertisers are no longer from Xiangjiang, but from the whole of Asia.

The market is huge, so there is no pressure to produce these programs.

(End of this chapter)