Reborn as a tycoon in Hong Kong

Wednesday morning, Stock Exchange.

Affected by Hutchison Whampoa's positive announcement yesterday, Hutchison Whampoa's share price rose sharply to HK$65.4 during the opening period today. Although it has only increased by about 10%, Hutchison Whampoa's current market value is more than 20 billion Hong Kong dollars, and a 10% increase is more than 20 billion Hong Kong dollars, which is already quite high.

After the opening, although Hutchison Whampoa's stock price did not rise in a straight line of 90 degrees, it continued to rise, breaking through the price of HK$70 half an hour later. At this time, Hutchison Whampoa’s market value is getting closer and closer to HK$30 billion.

After the stock price exceeded 70 Hong Kong dollars, Hutchison Whampoa's stock price accelerated its rise. In less than ten minutes, it was close to 75 Hong Kong dollars.

Hutchison Whampoa has a total of 400 million shares. If the stock price reaches HK$75, Hutchison Whampoa's market value will reach HK$30 billion. With such a high market value, it is definitely a giant in today's Hong Kong, even HSBC is a head shorter.

"Broken! Broken!" "The market value has exceeded 30 billion Hong Kong dollars!" "Rising! Keep rising!" "80 Hong Kong dollars, the next target price is 80 Hong Kong dollars!" "Haha, I knew it could rise so much!" .

Hutchison Whampoa's share price soon exceeded HK$75. Many investors holding Hutchison Whampoa shares on the exchange cheered because each and every one of them made a lot of money.

"Impossible!" "How could this happen?" "This is just a phased adjustment, and it will rise even higher in the future!" "It will definitely rise again!" "Don't fall, don't fall!" "You can rebound. ah!".

Heaven and hell are often just a thought away.

After Hutchison Whampoa's stock price exceeded 75 Hong Kong dollars, it suddenly jumped from the price of 75.8 Hong Kong dollars to the price of 73.1, a direct drop of about 3.5%, and then dived all the way downward, falling below the price of 70 Hong Kong dollars in the blink of an eye. Dare to believe.

Many people were comforting themselves that this was just an adjustment, but in less than five minutes, the stock price fell below HK$60 again, and the decline was faster than the previous increase.

When the stock price fell below yesterday's closing price, many people couldn't believe it. Hutchison Whampoa had released such great news and the stock price actually fell instead of rising. It was really incredible.

The reason is actually very simple. There is a saying that taking advantage of the good news to ship goods and cash in the good news.

The last time Hutchison Whampoa announced positive news, the stock price was still 22.5 Hong Kong dollars, and then it skyrocketed to nearly 60 Hong Kong dollars. In the morning, it rushed to as much as 75.8 Hong Kong dollars, which is equivalent to a nearly 3.4-fold increase in the stock price and an increase of about 2.37 times.

Let's take the HK$1 million stock held by Deng Lijun as an example. Her cost price is a little over HK$21, so let's assume her cost price is HK$22.5. The stock that was originally worth only HK$1 million became more than HK$3.3 million after the stock price reached HK$75, and less than ten days had passed.

With such a huge increase in such a short period of time, Hutchison Whampoa's stock price has already contained a lot of speculation elements. Hype stocks are often based on an expectation. When the expectation is realized, there is no more room for imagination, and the stock price will naturally collapse.

You know, Hutchison Whampoa was only about HK$7 before Lin Baicheng's acquisition, and it has increased by up to ten times. The difference brought about by Lin Baicheng's taking over Hutchison Whampoa is that now we can only see a profit of HK$1.8 billion.

Although making 1.8 billion Hong Kong dollars is a lot, it will not allow a company with a market value of nearly 3 billion Hong Kong dollars to skyrocket to a market value of 30 billion Hong Kong dollars. After all, this is a non-operating investment profit and not a company's operating income. It can make so much money every year.

Therefore, Hutchison Whampoa's stock price has long been somewhat artificially high. The previous fluctuation between HK$20 and HK$25 is the best proof.

The adjustment this time was very strong and very fast. It was obvious that large funds were shipping, which was why the stock price was driven down so quickly.

When Hutchison Whampoa's stock price approached the price of HK$50, the decline slowed down. Finally, it quickly rebounded after falling below the price of HK$50, and then fell back after reaching the price of HK$55.

After that, Hutchison Whampoa's stock price fluctuated between HK$50 and HK$55, and temporarily stopped falling in the short term.

Until the closing of the morning, Hutchison Whampoa's stock price trend did not change much. It has been fluctuating between HK$50 and HK$55. It closed at HK$52.18 in early trading, a drop of 12%.

After the announcement of major good news, the stock price not only did not rise, but fell by more than ten points, which made many investors who still hold shares want to vomit blood.

However, if they are investors who decide to hold it for a long time, the short-term rise or fall of the stock price has nothing to do with them.

In the afternoon, Hutchison Whampoa's stock price continued to fluctuate, unable to rise or fall.

Lin Baicheng went to the Peninsula Hotel in the afternoon, and he and Bao Yugang made an appointment to come here for afternoon tea.

Bao Yugang apologized to Lin Baicheng. He had originally asked Lin Baicheng to help acquire Wharf stocks and now had to give up. As a result, Lin Baicheng would not be able to make a fortune and mobilized funds to help him. Bao Yugang naturally wanted to apologize. .

It was helpless to say that after Lin Baicheng announced the acquisition of Wharf's shares, Jardine immediately followed suit. Originally, as long as he waited for a while, the stock price would naturally fall to Lin Baicheng's purchase price.

However, as the price of gold suddenly rose, Hutchison Whampoa announced positive news, and the company's stock price soared. Shareholders had greater expectations for Lin Baicheng's acquisition of Wharf. They expected Lin Baicheng to successfully acquire Wharf, and then the market value of Wharf also increased. exceeded 10 billion Hong Kong dollars.

The result is that Wharf's stock price continues to rise and stands firmly above 40 Hong Kong dollars. Lin Baicheng cannot buy the stock at 30 Hong Kong dollars.

Bao Yugang has raised funds these days and is preparing to buy Wharf's shares personally, so he does not need Lin Baicheng's help.

"Sheng Bao, there's no need to apologize. You're too polite."

Lin Baicheng waved his hand and said jokingly: "As long as Mr. Bao doesn't mind me holding on to the few shares I acquired at the beginning, when Mr. Bao starts acquiring, I can make a little profit when the stock price is high."

"Those are the stocks you bought yourself, Lin Sheng. How can I say that I don't mind."

Bao Yugang said immediately that he had made Lin Baicheng's work in vain, and he certainly could not let Lin Baicheng sell the few stocks he had to him at a low price. He was not short of that little money.

Lin Baicheng held up the tea cup and said, "Then I would like to wish Bao Sheng that your acquisition is successful!"

"Thanks!"

Bao Yugang smiled confidently. This time he had borrowed a lot of money and planned to acquire a sufficient number of stocks at a high price at one time, without giving Yihe a chance to resist.

Although the cost of doing so is not small, he will acquire Wharf at a very high price, but this is an important retreat for him to abandon ship and land when he is not optimistic about the future development of the shipping industry, as long as the price does not exceed what he has in mind Bottom line it's worth it.