Reborn as a tycoon in Hong Kong

There was no surprise. During the call auction in the morning, a large number of Hutchison Whampoa's shares were sold, and only a few were bought. The stock price opened at HK$4.21.

Hutchison Whampoa's closing price yesterday was HK$4.73. It opened at HK$4.21 today, which was about 11% lower.

This is because in this era, stocks are registered and bought and sold manually. If we switch to the Internet era and use computers and mobile phones to operate, under such negative news and panic, the opening of the market will definitely be more than just 11% lower.

Due to time constraints, there are still a large number of investors queuing up to sell their stocks, so the stock price will plummet after the official opening.

After the official opening in the morning, Hutchison Whampoa's stock price fell rapidly, falling below HK$4 per share in just three minutes. At this time, the trading volume was actually not much, so there were not many people taking orders, and it could be said to be an infinite decline.

Hutchison Whampoa's stock price continued to fall, but after falling below the price of HK$4, transactions began to become more frequent, with both selling and buying, and larger funds began to enter the market to buy.

Among these funds are Lin Baicheng's, HSBC's, Lin Baicheng's and Iwasaki Mineryu's cooperation, and even more daring funds who want to buy the bottom.

However, although there was a lot of money to buy, the selling was even bigger, so the stock price was still falling, but not as fast as it was at the beginning.

In the options market, long orders are no longer visible. There are a large number of short orders in the market. These short orders are issued by other institutions and retail investors and have nothing to do with Li Jiacheng and others.

Faced with these short orders, Iwasaki Mineryu naturally asked traders to buy in. He also planned to wait until there were not many short orders, then take the initiative to open long orders with higher rights prices, and let others take over as his opponent's orders.

At around 10:30 in the morning, Hutchison Whampoa's stock price fell to a minimum of HK$3, a drop of 36.58%. Hutchison Whampoa's stock price was cut in half in two days.

However, after it fell to the price of HK$3, it could no longer fall. On the one hand, funds from several parties such as Lin Baicheng continued to buy. On the other hand, the price dropped too much and many people did not want to sell. Even the Qi Dezun family and Bob wanted to wait for a rebound. Sell ​​after a wave.

Under the wishes of many parties, the stock price rebounded.

However, this was a rebound after a sharp decline, and there were huge negatives, so the rate of rise was not fast. After seeing a lot of rebound, many investors chose to sell their stocks, and the selling pressure was huge.

Fortunately, Lin Baicheng and others are not trying to increase the stock price, so they slowly accumulate funds along the way, which is a good thing for them.

After the stock price rebounded to HK$3.5, the rebound increased by more than 15%, and sell orders began to increase again. However, Lin Baicheng and others were determined to buy, so they received a large number of sell orders, slowly pushing up the stock price.

At eleven o'clock, Hutchison Whampoa held a press conference. Lin Baicheng and Wei Li attended the press conference together.

At the press conference, Hutchison Whampoa first stated that everything in the company was normal and that all external reports about the company were false. The company was very confident in its future development and therefore decided to use HK$100 million in funds to repurchase shares.

At the same time, Chairman Lin Baicheng also announced that he currently holds 49.9% of the company's shares. He is confident in the future development of Hutchison Whampoa, so he will not reduce his holdings of the company's shares. He hopes that the majority of shareholders can believe in him and Hutchison Whampoa. .

Afterwards, it is time for reporters to ask questions.

When a reporter asked Lin Baicheng whether Hutchison Whampoa's investment was really losing money, he said that this is a company secret and he has no comment for the time being, but for the sake of all shareholders, the company will calculate the performance report for the first quarter of this year in advance. , will announce specific performance status next week.

Expressing confidence in the company's development while not denying investment losses seems to the outside world to be a guilty conscience and to hide it.

Lin Baicheng will definitely not tell the truth now, but he can't lie and say that the investment really lost money, so he can only say that he has no comment. At the same time, he said that the performance report will be released in a few days, but it will take a few days.

After that, when faced with other questions raised by reporters, Lin Baicheng answered them all if he could. Those who couldn't answered just ignored them, or simply said he had no comment.

Before the press conference ended, the news reached the exchange.

Lin Baicheng's answer, in the eyes of most people, is a disguised admission, so there is a disadvantage. However, Hutchison Whampoa is willing to spend HK$100 million to repurchase shares, which is a good thing, and Lin Baicheng's promise not to reduce its stock holdings is also a good thing.

Although there were big negatives, there were two more positives, plus the factors of buying funds from Lin Baicheng and others, so the stock price immediately accelerated its rebound, exceeding the price of HK$4, and is still going up.

Li Jiacheng and others spent real money on short selling, so of course they cannot let the stock price rise.

When the stock price rebounded to around the opening price of HK$4.2, Bob immediately sold a large amount of the stocks he held. However, with the multi-party funds from Lin Baicheng and others, all were eaten up, and the stock price was not suppressed at all.

When the stock price reached HK$4.5, the Qi Dezun family also began to sell a large amount of stocks. Although the Qi Dezun family did not participate in short selling, they certainly wanted to sell the stock while the stock price was still high when there was a big negative news.

The Qi Dezun family held a large number of stocks, and after the stock price rebounded to HK$4.5, some profit-seekers began to choose to sell their stocks and leave. After all, if there is a big negative, the stock price will definitely fall, so when the room for upside is limited, there are only a few investors who still hold the stock.

This time, although Lin Baicheng and other funds still bought in large quantities, the selling orders were even greater, so the stock price still fell. It's just that there is no cliff-like decline, and the trend is relatively stable.

At the end of the morning session, Hutchison Whampoa's share price closed at HK$4.08, which is not bad. It was only HK$0.13 lower than the opening price. The decline in the morning was only 13.74%.

At noon, news related to Hutchison Whampoa's press conference appeared in major newspapers. At the same time, the recent decline in Hutchison Whampoa's stock price appeared. Many newspapers reported that Lin Baicheng suffered heavy losses this time. He holds half of Hutchison Whampoa's shares. His net worth has shrunk by hundreds of millions of Hong Kong dollars.

After reading the relevant news, people talked about it, and many people speculated whether Lin Baicheng, who made a fortune last year, would lose all his assets this year and become an ordinary person again.

Legends are born and legends fall, this is what people like to see.

What's more, Lin Baicheng became a billionaire at a young age. Although there are many people who admire him, it is impossible to say that there are no people who are jealous of him. In the past, when he was going smoothly, no one said anything. Now if something goes wrong, of course someone will show it.

But these have nothing to do with Lin Baicheng. No matter what Xiangjiang citizens think of him, they cannot reach him.