Reborn as a tycoon in Hong Kong
Chapter 246 Hutchison Whampoa’s market value exceeds 20 billion!
"Mr. Lin, the Maori assistant from Japan just called and asked you to contact her when you have time. She is at Bailong Commercial Club."
Qin Lan reported to Lin Baicheng.
"Okay, I'll contact her right away."
Lin Baicheng nodded. Since Maori Haruko said so, it should be a more important matter.
On Lin Baicheng's desk, there was a landline specially used for international contacts. He picked up the phone and dialed Bailong Commercial Club.
"Chairman!"
After a while, the phone was picked up, and Maori Haruko's voice rang on the other end of the phone.
Lin Baicheng asked aloud: "Qingzi, you asked me to contact you, what's the matter?"
Maori Haruko said: "Chairman, Iwasaki-san just contacted me and asked me to ask, Chairman, when will you have time to come to Tokyo?"
"Did he say what it was?"
Lin Baicheng didn't believe that Iwasaki Mineryu wanted to meet him for a drink and chat. He must have serious business.
Haruko Mouri said her guess: "Although Iwasaki-san didn't say anything, through chatting, I think it has something to do with gold futures investment. He hopes that you can come to Tokyo in the near future, saying that he wants to treat you well."
"I think I know what he wants from me."
Lin Baicheng thought for a moment and realized that it should be related to gold futures investment. Bailong Commercial Company used leverage to operate long gold futures with US$200 million. Iwasaki Mineryu owned almost half of the company's shares. It can be said that Iwasaki Mineryu didn't care about the company's situation. , Lin Baicheng didn’t believe anything he said.
Iwasaki Mineryu knew that the price of gold had soared and Bailong Commercial Club had made huge profits from gold futures. Lin Baicheng did not believe that Iwasaki Mineryu would not be tempted, so the other party definitely wanted to find out his thoughts from him.
Although Lin Baicheng has expressed his views on gold futures investment before, if Iwasaki Mineryu decides to invest, it will definitely not be a small amount. The other party obviously wants to listen to Lin Baicheng's judgment again and be more cautious.
After looking at the calendar on his desk, Lin Baicheng said: "I will find time to go there soon. The specific time is not yet certain. I will contact you before I go." Today is Tuesday the 8th, and the preliminary competition of Miss Asia is here. It was held on Friday of the same week, but it was just a preliminary round. If he had time, Lin Baicheng would go and have a look. If he didn't, forget it.
However, next Friday, the 18th, will be the Miss Asia finals. If there are no major emergencies, Lin Baicheng will attend the finals as one of the guests.
Haruko Mouri responded: "Okay, Chairman, I will reply to Iwasaki-san right away."
Lin Baicheng and Maori Haruko chatted on the phone for a while before ending the call.
"It's already past twelve o'clock."
After looking at his watch, Lin Baicheng couldn't help but raise his eyebrows.
After tidying up a little, Lin Baicheng left the office.
Outside Lin Baicheng's office, there is a small room, which was originally the office of secretary Qin Lan. Now there is Chen Huixiang, and the two of them are still here at this moment. As the boss, Lin Baicheng has not left work yet. As secretaries, it is of course impossible for them to leave first. That would be too incompetent.
"It's time to get off work, you all go have lunch."
Lin Baicheng said something to the two women. Just when he was about to go out, he suddenly remembered and turned to Qin Lan: "What was the closing price of the company's stock price this morning?"
"48.56 Hong Kong dollars, the highest price reached 50.37 Hong Kong dollars."
Qin Lan immediately replied that as a secretary, of course, she must prepare in advance for these questions that may be asked. It's one thing if the leader doesn't ask, but it's another thing entirely if he asks the secretary but doesn't know.
"With a market value of about HK$20 billion, it seems that speculation is very intense!"
Don't look at the fact that Hutchison Whampoa made more than 1 billion Hong Kong dollars from this investment, but you must know that when Hutchison Whampoa was acquired by Lin Baicheng, its market value was less than 3 billion Hong Kong dollars, and it increased more than six times in less than a year.
When looking at a company's market value, it mainly depends on the company's revenue and profits. After all, investment income is unstable, and it is not possible to earn so much every year, and there is even the possibility of investment losses.
Although Hutchison Whampoa's own business has improved, it has not been earth-shaking. About HK$5 billion is Hutchison Whampoa's normal market value.
The current high market value is due to the huge investment income, and there is a high level of speculation. Once there is bad news about Hutchison Whampoa, it will inevitably cause the stock price to plummet and return to value.
However, based on Hutchison Whampoa's fundamentals, it is absolutely no problem to support the market value of HK$30 now, and there is even room for continued speculation.
The reason why I say this is because Lin Baicheng will not reduce its holdings in Hutchison Whampoa. If HSBC, which holds 15% of the shares, does not reduce its holdings, there will not be many shares circulating on the market.
The huge advantage is that there are not many stocks circulating in the market, which will lead to a situation where there are fewer votes and more money. If there are relatively large funds to speculate a little, the stock price can of course be speculated to a higher level.
However, Lin Baicheng doesn't care how the stock price in the secondary market is speculated. At most, he can issue a "risk warning" announcement when the stock price reaches a very high level. What investors choose is their own business.
The market is still very optimistic about Hutchison Whampoa's stock price. Hutchison Whampoa's stock price did not adjust or fall that afternoon, but continued to rise. It stayed above the price of HK$50 throughout the afternoon. The closing price of the day was HK$53.28, the company's total market value. 21.3 billion Hong Kong dollars.
On this day alone, Hutchison Whampoa's stock price rose by more than 100%, reaching as much as 137.2%.
In fact, even though Hutchison Whampoa's stock price has risen a lot today, the trading volume is not that huge, because there are not many transactions before the stock price reaches 40 Hong Kong dollars, and heavy trading begins after the stock price exceeds 40 Hong Kong dollars.
In the stock market, sky-high volumes and sky-high prices are actually a very dangerous signal, because it shows that big funds are running away, so there are huge trading volumes.
A small-volume surge like Hutchison Whampoa is either driven by a small amount of funds, or investors are reluctant to sell their stocks. Hutchison Whampoa is obviously the latter, which means that the current stock price will definitely not be recent highs.
Today's surge in Hutchison Whampoa's stock price has also had a great impact on Lin Baicheng, because his net worth has reached tens of billions of Hong Kong dollars in the eyes of the outside world. He holds 49.9% of Hutchison Whampoa's shares, which means he has a net worth of over 10 billion Hong Kong dollars.
Although this is paper wealth, Hutchison Whampoa is a listed company, and its shares can be converted into cash from the secondary market, so it has a fairly high value.
Unlike those companies that have not yet been listed, no matter how high the valuation is, there is no way to cash out the shares into cash before being listed. That is the real wealth on paper, which cannot be counted.
Lin Baicheng's net worth exceeds 10 billion Hong Kong dollars. How could the news media let him go? Therefore, as soon as the stock market closed, various newspapers immediately published relevant news. Either it has to do with the skyrocketing share price of Hutchison Whampoa, or it has to do with Lin Baicheng's net worth exceeding 10 billion Hong Kong dollars.
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