Reborn as a tycoon in Hong Kong

Chapter 329 Everyone uses their own methods (Part 2)

On Thursday morning, the judgment of ATV Financial Channel experts on Hutchison Whampoa last night was cited by many newspapers and reported by both major and small newspapers. This is unprecedented treatment. No one would believe it if there was no pusher behind this.

At the same time, many newspapers also reported an incident that happened at around 8pm last night, London time. A ship carrying goods from Hutchison Whampoa was seized by the General Administration of Customs in London on the grounds that there was The goods may involve prohibited items, and the General Administration of Customs is only conducting a routine investigation.

Before Lin Baicheng acquired Hutchison Whampoa, foreign trade business could be said to be the largest source of revenue for Hutchison Whampoa, which could bring profits of at least HK$100 million to Hutchison Whampoa every year. Taking last year's 1977 as an example, Hutchison Whampoa's total profit was just over HK$100 million, but its foreign trade business profit was slightly more than HK$150 million, which was higher than the total profit. It was the company's other businesses that dragged down the foreign trade business.

This shows how much impact the foreign trade business has on Hutchison Whampoa. It is not a big deal for a ship involved in foreign trade transport goods to be seized by the General Administration of Customs. The question is whether Hutchison Whampoa really involves the sale of prohibited items. It will affect the entire foreign trade business.

Lin Baicheng created a negative situation last night, and the British-owned family short side was not slow to act. Through the power of the Schweizer family, he bribed an important official of the General Administration of Customs and asked the customs to impound Hutchison Whampoa's ship.

It would be difficult to get the General Administration of Customs to forge and frame Hutchison Whampoa, but it would be no problem at all to just detain a ship for inspection and release specious information. Even if there is a backlash later, it can be said that the General Administration of Customs is just a routine inspection. It knows nothing about external media reports and can brush off the problems.

As a result, the news about Hutchison Whampoa early in the morning was both positive and negative, making it difficult to judge.

However, just when the news about Hutchison Whampoa was widely circulated, the media, led by ATV, sent people to interview Bao Yugang, Huo Yingdong and Zheng Yudong respectively.

Bao Yugang, Huo Yingdong and Zheng Yudong all expressed their optimism to the media about Hutchison Whampoa's stock price. They said that Hutchison Whampoa is a good company and the company's stock is worth holding for a long time. They will each spend at least 100 million Hong Kong dollars to buy it. Enter Hutchison Whampoa shares.

Bao Yugang, Huo Yingdong and Zheng Yudong are quite famous Chinese businessmen among the Chinese. Especially Bao Yugang and Huo Yingdong are extremely famous and can almost be said to be the leading figures among the Chinese businessmen. Therefore, their opinions have great influence on the market. The influence is great, and many people will trust their judgment because they are famous and successful people.

The reason why the three of them released the same similar announcement to the outside world was of course because Lin Baicheng contacted them yesterday and asked them to help.

The relationship between Lin Baicheng and them can only be said to be okay, not very good. When it involves an investment of 100 million Hong Kong dollars, of course they cannot easily agree, but in order to create benefits, Lin Baicheng fully guaranteed their investment.

Lin Baicheng asked the three of them to announce to the public this morning that they would buy Hutchison Whampoa shares, and said that as long as they bought the stock below 30 Hong Kong dollars, as long as the market value did not exceed 100 million Hong Kong dollars, then within half a year, if the shares of Hutchison Whampoa were purchased The stock price cannot exceed 30 Hong Kong dollars, causing them to lose money on their investment. Lin Baicheng will compensate them for whatever they lose, which is equivalent to protecting their investment.

With such a good thing, Bao Yugang, Huo Yingdong and Zheng Yudong certainly had no reason to refuse and immediately agreed. Although the two parties have not signed a contract, they are not afraid that Lin Baicheng will go back on his word later. After all, in their opinion, the maximum loss of an investment of 100 million Hong Kong dollars will not exceed 50%, and a loss of tens of millions of Hong Kong dollars, as long as Lin Baicheng wants to do it in the future. If you are in the business world, it is impossible to lose your reputation. Lin Baicheng will definitely compensate them for whatever they lose.

Bao Yugang, Huo Yingdong and Zheng Yudong made profits but no losses, and Lin Baicheng also had no losses. He did not think that Hutchison Whampoa's stock price would not be able to break through the price of HK$30 in half a year.

The most important thing now is to blow up the short side, so Lin Baicheng found Bao Yugang and others to use their reputation to influence more funds to go long.

Because it was a deliberate arrangement, whether it was news that was good for Hutchison Whampoa or news that was bad for Hutchison Whampoa, they all appeared before nine o'clock in the morning. The relevant reports quickly spread to the four major exchanges, and basically focused on Hutchison Whampoa. Investors in Huangpu stock are aware of the relevant reports this morning.

"Do you think I can still buy Hutchison Whampoa now?" "Originally, after watching the closing count on ATV Financial Channel last night, I was thinking about buying some stocks, but this morning there was news about the ship being seized. I think It’s necessary to take another look.” “I think ATV’s point of view yesterday is quite reasonable. The short side should have no bargaining chips. No matter how bad the news is, the short side still doesn’t have any stocks to sell.”

"I agree, and the shipping kings and others are also optimistic about Hutchison Whampoa this morning. I believe in their vision." "I'm afraid that the short side will not give up. Don't forget that the IRS went to Hutchison Whampoa to audit the accounts a few days ago. No one I don’t know if there will be bad news in the future.” “That’s true, if something happens to Hutchison Whampoa, it will be over.”

"Wealth can be found in danger, just do it!" "It is better to be more stable. A big drop is likely to be 10 or 20 points, who can bear this." "."

In the exchange, stock investors were talking a lot. Affected by the good and bad news in the morning, they were all hard to make a decision and didn't know what to do better.

The pre-market bidding started amid discussion and consideration among shareholders. Yesterday's closing price of Hutchison Whampoa was HK$26.4, but the bidding price changed drastically from time to time. Sometimes it opens five or six points higher, and sometimes it opens five or six points lower or even more. Obviously, the differences between long and short are huge.

After the call auction ended, Hutchison Whampoa opened at HK$26.1, a 1.14% lower opening. The lower opening was not large.

Although it opened lower, it opened lower by more than a point. The range of the lower opening is too small, so it is impossible to say that the short side has the advantage. It can only be said that there are both bulls and bears.

After the stock market officially started trading at 9:30, Hutchison Whampoa's stock price fell into a large fluctuation. Sometimes it falls below 25 Hong Kong dollars, sometimes it breaks through 27 Hong Kong dollars, and the amplitude between the low and the high reaches as much as 10%.

Hong Kong stocks are T+0 trading, which means you can buy and sell unlimited times on the same day. If you are brave enough and accurate, you will make huge profits by buying low and selling high and doing swings.

However, there are very few people who can accurately get the band right.

After the time entered ten o'clock, because of an announcement from HSBC, more investors chose to sell their stocks, and the stock price officially fell below the price of HK$25, and continued to fall.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like