Reborn as a tycoon in Hong Kong
Chapter 485 Hutchison Whampoa’s stock price fluctuates greatly (two-in-one)
At eight o'clock in the morning, Chen Baocai walked out of the house.
He bought some newspapers when passing by the newsstand. There must be four newspapers with the largest sales in Hong Kong: "Star Daily", "Oriental Daily", "Ming Pao" and "Sing Tao Daily". In addition, he also bought "Hong Kong Commercial Daily" and " Economic-related newspapers such as Xiangjiang Economic Daily, South China Morning Post, and Asia Wall Street Journal.
As a professional stock investor, Chen Baocai reads economic-related newspapers every day.
After buying a newspaper, Chen Baocai went to the breakfast shop where he went every day to have breakfast and read the newspaper while eating breakfast.
"It's all useless news."
After reading several economic-related newspapers, Chen Baocai curled his lips as expected.
"Mingpao is still the same. Many reports are either about novels or writers."
After reading newspapers related to the economy, Chen Baocai read the four major newspapers.
"Um?"
After reading the newspaper "Ming Pao" and then reading "Sing Tao Daily" Chen Baocai, I suddenly found that the front page reported big news.
“[Hutchison Whampoa’s investment judgment]?”
The content of the report is about Hutchison Whampoa’s investment judgment of US$200 million. It is believed that Hutchison Whampoa’s investment was to invest in gold futures, and it was likely to use 5 times to 10 times leverage. Now the gold price has risen compared with when Hutchison Whampoa invested. 21.7%. If Hutchison Whampoa's investment is long, it will make a profit of US$200-400 million. If it is short, its investment of US$200 million will be a total loss.
The "Sing Tao Daily" report did not say which one is more likely to be long or short. It just said that the probability is half and half, and it is possible to make money and lose money. There is no tendency.
This was a decision made by Hu Xian. Although she did not know the purpose of the person who sent the letter to "Sing Tao Daily", since she decided not to participate, she could not let "Sing Tao Daily" be used. Therefore Reports are reports, but no biased judgments are made.
At the end of the report, "Sing Tao Daily" stated that it would continue to follow up and hope to find out more. In fact, it wanted people to continue buying newspapers in the next few days.
"Hutchison Whampoa made a profit of more than HK$2 billion from being long in gold futures last year. This year, it is really possible to invest the money in gold futures. Now the price of gold has increased by more than 20 points compared with that time, which is not a small increase. The problem now is , I don’t know whether Hutchison Whampoa’s investment is long or short.”
Chen Baocai thought to himself that before seeing this report, he had not thought much about it. Now that he thinks about the impact of Hutchison Whampoa's US$200 million investment on the company's stock price, it is not small. Regardless of whether it is a loss of 200 million US dollars or a profit of at least 200 million US dollars, it is more than 800 million in Hong Kong dollars. Even if it is placed on Hutchison Whampoa, which has a market value of 167 billion Hong Kong dollars, it is not a small amount.
More importantly, Hutchison Whampoa has the current market value, and Lin Baicheng's investment vision accounts for a large part. Whether the investment makes a profit or loses will definitely have a significant impact on the trend of Hutchison Whampoa's stock price. If it is a profit, the stock price will inevitably rise; otherwise, the stock price will inevitably fall sharply.
After that, Chen Baocai read "Star Daily" and "Oriental Daily" again. After finding that there were no reports worthy of attention, he hurriedly finished breakfast, paid the bill and left with the newspaper "Star Daily".
Chen Baocai went straight to the exchange, and it was less than nine o'clock when he got there.
"Brother Bao, you're here." "Brother Bao, have you read today's Sing Tao Daily newspaper?" "Brother Bao."
As soon as Chen Bao entered the hall, several of his friends surrounded him.
"Everyone, go over there and talk."
Chen Baocai greeted them to a place where no one was around.
"I've read the morning newspaper."
Chen Baocai shook the "Sing Tao Daily" in his hand, looked at several people and said: "I know what everyone means, and everyone wants to know my opinion, but I have no way of knowing whether Hutchison Whampoa's investment is making money or losing money. Judgment, we can only say that the probability is half and half."
After hearing what Chen Baocai said, everyone was not disappointed. After all, it was impossible for Chen Baocai to know the truth about Hutchison Whampoa's investment.
Someone asked: "Brother Bao, are you going to buy Hutchison Whampoa stock?"
"Not for now."
Chen Baocai did not hide anything: "The Hang Seng Index has risen very well this year. All the stocks I bought have risen, and it is the same now, so there is no need to sell the profitable stocks. However, I will pay attention to Hutchison Whampoa stock today. Let’s see if the bulls are strong or the bears are strong. Once the direction is confirmed, maybe I will suddenly jump in. Once this stock chooses a direction, whether it rises or falls, the fluctuations will definitely not be small.”
"Brother Bao, I'll do it with you." "Me too." "I'll do it with Brother Bao, too."
After listening to Chen Baocai's words, several people immediately said it one after another.
"I still say the same thing, you can buy with me. If you make a profit, you will give me 3%. If you lose, I won't care. If you don't want to share the profit, you can leave."
Chen Baocai nodded without any surprise. The reason why he dared to say such words was because his capital now reached more than 200,000 Hong Kong dollars. He had made a lot of money in the stock market in the past two years, so he also had gained some fame.
Since the second half of last year, many people have followed Chen Baocai to buy stocks. It was also his good luck that made him and the people who followed him buy stocks transfer a lot.
It is precisely because of this that at the beginning of this year, Chen Baocai began to charge people who followed him to buy stocks. The fee each time was 3% of the profit. For an individual, it is not much, but for several people, it is a huge amount for Chen Baocai. It's not a small amount anymore.
The stock market is doing well this year, so everyone who followed Chen Baocai to buy stocks made money, and Chen Baocai also earned a lot of commissions.
The people who followed Chen Baocai were used to this, so no one left.
Chen Baocai and his group were not the only people who saw the report in "Sing Tao Daily" this morning. With the sales volume of "Sing Tao Daily", at least tens of thousands of people have seen the relevant report, and many of them are stock investors.
Therefore, there are definitely a lot of investors paying attention to the stock of Hutchison Whampoa today. Some people may even directly choose to go long or short and take a gamble. After all, if the bet is right, they can definitely make a fortune.
Similarly, Lin Baicheng, who was having breakfast in the villa in the morning, also saw the report of "Sing Tao Daily", but the report made him a little disappointed.
"It seems that it is really not easy to get "Sing Tao Daily" to report a positive report. If it were a tabloid, it would dare to exaggerate the report. No matter how true it is, it is just for sales. Unfortunately, the sales volume of tabloids is too small and the audience is too small."
Lin Baicheng couldn't help but shake his head after reading this. This report did not meet his expectations. It is unlikely that Hutchison Whampoa's stock price will rise sharply because of such a report.
"It seems we have to use other means."
Lin Baicheng decided to use other means without exposing himself.
When Lin Baicheng arrived at Hutchison Whampoa Company, the secretary who had already arrived told him that Shen Chou had called before. Shen Chou asked Lin Baicheng to call him back when he arrived at the company. He was at HSBC Bank.
Lin Baicheng knew the purpose of Shen Zhou's call, so he still called back.
After talking on the phone, Shen Zhou immediately said: "Lin Sheng, you should have read this morning's "Sing Tao Daily", right?"
Lin Baicheng responded: "Well, I read it before coming to the company."
Shen Zong said: "Lin Sheng, although the report said that Hutchison Whampoa has a 50-50 chance of making money and losing money, I am worried that more investors believe that Hutchison Whampoa's investment has made money, which will cause Hutchison Whampoa's stock price to rise, so I We decided to discuss it with Mr. Mineryu Iwasaki and work together to suppress the stock price.”
Lin Baicheng heard this and said: "Tabapan Shen, you shouldn't come to me for this kind of thing. Whether or not you agree to suppress the stock price is Iwasaki-kun's business. I can't even help you broker such a thing."
"Lin Sheng, you misunderstood. Of course, I will discuss this matter with Mr. Iwasaki myself. I am also confident of convincing Mr. Iwasaki."
Hearing this, Shen Zong first explained, and then said: "What I want to say is that in order to make more investors believe that Hutchison Whampoa's investment has suffered losses, we will suppress Hutchison Whampoa's stock price to a lower price. , this requires your approval and the cooperation of Hutchison Whampoa."
"Taban Shen, our agreement is that Hutchison Whampoa's stock price fluctuates at the price of 40 Hong Kong dollars. It is okay to occasionally fall below 39 Hong Kong dollars, but it cannot fall to a lower price."
Lin Baicheng said immediately that he was still thinking about how to increase Hutchison Whampoa's stock price, and how could he agree to Hutchison Whampoa's stock price being suppressed to a lower price.
"Lin Sheng, our agreement is correct, but opportunities are rare, and this is just a short-term fluctuation. It won't take long for Hutchison Whampoa's stock price to rise, and there will be no loss for you." Shen Zong tried to persuade Lin Baicheng.
"Continuing to suppress the stock price is not a loss for me as I am not ready to sell the stock for the time being, but I also have my own difficulties."
Lin Baicheng said in embarrassment: "Hutchison Whampoa is not just a major shareholder like me, there are other shareholders, and some shareholders have pledged Hutchison Whampoa's stocks to bank loans. It's not like you don't know the bank's loan, Shen Daban, once the stock price drops. If the price is too low, it will force other shareholders to repay, and the shareholders will definitely ask me to find ways to increase Hutchison Whampoa’s share price.”
"I am the majority shareholder of Hutchison Whampoa and have control over the company, so I can refuse them, but it is impossible for me to do so, otherwise I will not give them face. If they continue to cause trouble for me in the future, what can I do? Management company?”
"Let me tell you the truth, Guo Sheng asked me to help stabilize the stock price when Hutchison Whampoa's stock price was over 50 Hong Kong dollars. The price fell to 40 Hong Kong dollars, which is Guo Sheng's bottom line. I can't let Hutchison Whampoa's stock price fall anymore." If the stock price drops sharply, once this happens, I will immediately arrange for Hutchison Whampoa to carry out a buyback, or release some good news to increase the stock price."
"Lin Sheng, what do you think of this?"
After Shen Zong was silent for a moment, he suggested: "We will suppress Hutchison Whampoa's stock price during the trading session, and then bring it back at the end of the session, so there will be no impact. However, this requires Lin Sheng's help to control Hutchison Whampoa. The company will not release any news before the close of business today."
"This is it"
Lin Baicheng was a little hesitant. Shen Porridge's words were more sincere. If he refused again, it would be unreasonable. The main reason is that he is worried about arousing Shen Porridge's suspicion, which will make it difficult for him to use tricks later.
Shen Zhou said: "Lin Sheng, there will be no impact in doing this. Please help me."
"Okay, I agreed, but you can only suppress Hutchison Whampoa's stock price to about 30 Hong Kong dollars, and I will let Yum Securities buy the stock at a low price and make a fortune." Lin Baicheng thought for a while and agreed. .
"As long as Lin Sheng agrees, then we've settled on it."
Shen Porridge agreed without thinking. It was his intention to let Yum Securities make a fortune. He did not expect Lin Baicheng's help to be in vain.
Lin Baicheng said: "Well, you can contact Mr. Iwasaki yourself."
"I'll contact Mr. Iwasaki right away. Lin Sheng, let's stop here first."
"Um."
Lin Baicheng and Shen Porridge ended the call.
After finishing the call with Shen Chow, Lin Baicheng called Yum Securities and explained what Anyuan should do to make as much money as possible.
Afterwards, Lin Baicheng called Wei Li, Cheng Yufeng, Xia Boyin and other senior executives to the office and told them not to express their opinions on the "Sing Tao Daily" report and to deal with it coldly.
When the stock market began bidding, Hutchison Whampoa stock received the most attention.
During the collective bidding stage, Hutchison Whampoa's stock price immediately fell by 7.3% at the beginning, and then immediately fell by 8.5%, and then fell by 6.2%, fell by 4.9%, and fell by 5.5%.
Hutchison Whampoa's opening price is constantly changing, sometimes falling and sometimes rising, but the opening price always just falls by a few points.
Although the call auction does not mean anything, because the volume of transactions during the call auction stage is very small, even if it is a promising stock, if large funds want to acquire more stocks at a low level, they can also make the stock price open much lower during the call auction stage. This scared some investors into selling their stocks.
However, many investors will be afraid of a bigger drop later because of this method, so they choose to sell stocks, which indirectly helps the funds to suppress the stock price.
When the call auction phase passed, Hutchison Whampoa's opening price was HK$38.25, which was 7.52% lower than yesterday's closing price of HK$41.36, a considerable drop.
At half past nine, the stock market enters the official trading period.
Under the attention of many investors, Hutchison Whampoa, which opened sharply lower, rebounded by more than three points in just ten seconds. Obviously, there are funds that choose to enter the market to buy the bottom, or these funds believe in Hutchison Whampoa. Investment makes money.
However, before more long funds entered the market, traders arranged by HSBC and Iwasaki Horyū sold a large number of Hutchison Whampoa's shares, driving Hutchison Whampoa's stock price down continuously, and large orders continued to appear. The momentum is surging.
Without much capital, Hutchison Whampoa's stock price continued to fall, and it was useless to occasionally have funds to buy stocks.
Less than five minutes after the opening, Hutchison Whampoa's stock price was suppressed to a low of about HK$33, but it quickly rebounded to a high of HK$36.3, and then fell back to around HK$35 for a shock.
At this price, traders arranged by HSBC, Yum Securities and Iwasaki Horyū began to slowly buy stocks, and suppressed them if there was a rebound trend. Anyway, they just wanted to prevent the stock price from rising.
Among the three parties' funds, Yum Securities' funds were the most comfortable, because Lin Baicheng told Anyuan not to sell stocks to suppress the stock price, but just buy them, as much as he could buy.
When Hutchison Whampoa's stock price was fluctuating around HK$35, Chen Baocai and his group liquidated 30% of their positions in the stock, but they held on to their funds for the time being.
Chen Baocai is still waiting, waiting for Hutchison Whampoa's stock price to continue to fall. Once the drop reaches 20% that day, he will start to enter the market to hunt for the bottom. In his opinion, even if Hutchison Whampoa's investment really loses money, a 20% drop is enough to take a gamble and bet that Hutchison Whampoa's investment is actually profitable.
The downside space is limited, but the upside potential is huge. This is an important reason why Chen Baocai dared to take a chance.
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