Reborn as a tycoon in Hong Kong

December 4th is another Monday.

Before 9 o'clock in the morning, Bao Yugang, Zheng Yudong and Huo Yingdong successively told the media that they were optimistic about Hutchison Whampoa's stock price, and would continue to buy Hutchison Whampoa's shares after buying shares worth HK$100 million. Bao Yugang and Zheng Yudong even said that after buying enough shares, they would not rule out the possibility of applying to Hutchison Whampoa to join the board of directors and become a member of the board of directors.

Guo Henian, who has become a director of Hutchison Whampoa, only expressed his optimism for Hutchison Whampoa and believed that Hutchison Whampoa's stock price was undervalued. In addition, he did not indicate that he would increase his holdings of Hutchison Whampoa shares because he indeed has no funds.

At the same time, Hutchison Whampoa announced that the company has reached a loan agreement with Galaxy Games, borrowing HK$500 million from Galaxy Games at low interest rates to repurchase the company's shares.

In addition, Hutchison Whampoa also stated that the current international gold price has rebounded, approaching the price of 200 US dollars per ounce. The company did suffer huge losses from its previous investments, but now the losses are not large, and the losses in the short term are only At about US$50 million, when gold prices continue to rebound and rise, the company's investment will not only avoid losses, but will bring huge profits.

Hutchison Whampoa also said that Mr. Lin Baicheng has excellent investment vision, and short-term losses are completely within the tolerance of Hutchison Whampoa. We must believe in Mr. Lin Baicheng's vision and believe that he will continue to bring huge profits to the company and shareholders. Create more benefits.

Whether it is Bao Yugang and others, or Hutchison Whampoa's announcement, it is good for Hutchison Whampoa, especially Hutchison Whampoa's announcement.

On November 26, there were a large number of reports in the media about Hutchison Whampoa's investment losses. It was reported that Hutchison Whampoa's losses were as high as US$150 million, or HK$600 million. This caused the stock price to plummet on Monday the next day.

But now, Hutchison Whampoa says that the company's investment losses are only about US$50 million, only one-third of US$150 million, which means that US$100 million has been earned back in these days. This is a shot in the arm for the market. A heart booster, a real and huge benefit.

In addition to these good news this morning, not a single newspaper reported the bad news about Hutchison Whampoa. It seems as if the sky has done nothing in the past two days.

Lin Baicheng was very skeptical about this. He didn't think the short side would just admit defeat, but instead suspected that the short side was holding back a big move. It's a pity that Hutchison Whampoa can only respond passively. Before the bad news occurs, there is no way to deal with it, let alone prevent it.

After the call auction in the morning, Hutchison Whampoa's stock price opened directly at a high price of HK$26.03. Last Friday, Hutchison Whampoa's closing price was HK$22.68, which was 14.77% higher than the opening price during the call auction in early trading.

Henry Caesar and others came to the exchange before the stock market opened. It was not that they came here every day when they had nothing to do, but because the funds involved in short selling were huge, the company's daily affairs could be temporarily left to the management of senior executives. Hutchison Whampoa's stock price But they have to keep an eye on the changes.

"Damn it, it actually rose above HK$25!" "The gold price rebounded. I originally hoped that Hutchison Whampoa would not notice it for the time being, but now it seems that we have thought too much." "Judging from the current gold price, Hutchison Whampoa We didn’t lose much on our investment, which is too bad for us.”

The good news announced by Hutchison Whampoa caused the stock price to rise sharply, making Henry Kaiser and others very angry and worried.

John Ma was a little calmer, and he said: "The stock market will officially open soon. Do we want to drop the stock price after it opens?"

"Can't smash it!"

George Schweizer shook his head and said seriously: "We have to prepare for the worst. The gold price is still close to 200 US dollars per ounce. If the gold price rebounds to 205 US dollars or even higher, it will be equivalent to Hutchison Whampoa's investment. There has been no loss. Even if we are creating negative news, unless it has a major impact on Hutchison Whampoa, it will not make much sense, and the stock price will definitely rebound to the price before the short selling."

"We have short sold more than 50 million shares but have not bought them back. Now if we sell them out and sell them, if the stock price does not fall, then we will only buy more and more shares, and the losses will be huge. It’s going to get bigger and bigger.”

"I'm afraid it's more than that!"

Michael Kadoorie also said: "We went short to make the stock price fall, and Lin Baicheng found someone to do it, which means there are fewer circulating shares on the market. If we also buy at that time, the stock price will easily exceed 40 It is entirely possible for the Hong Kong dollar price to even exceed 50 Hong Kong dollars."

Henry Kaiser asked aloud: "So, you also think that you should keep the stocks now and not sell them anymore?"

"Yes, we have to prepare for the worst."

Michael Kadoorie nodded slightly.

John Madan sighed and said: "Now we can only hope that the negative news we have prepared for Hutchison Whampoa will work and curb the rise in stock prices."

Henry Kaesik said: "The results should appear around ten or ten-thirty. The newspapers we have arranged to temporarily publish additional reports will tell whether Hutchison Whampoa's stock price can fall."

"We'll have to wait and see what happens then."

George Schweizer thought for a while and said: "If bad news occurs and the stock price drops sharply, and the drop is not small, then we can follow the trend and sell some stocks to suppress the stock price."

Michael Kadoorie agreed: "George is right, let's do it."

"Then do we still want to buy stocks now?"

"I think it's better not to buy it now. Doesn't buying it now mean that it is helping to raise the stock price?"

"If the stock price can fall below HK$25, you can decide whether to buy it based on the situation."

Time passed quickly during the discussions between Henry Kaiser and others. At half past nine, the stock market officially opened for trading.

As soon as the market opened, Hutchison Whampoa's stock price immediately fell sharply below HK$25, but the next moment it immediately rose above HK$26, and quickly rose above HK$27. The reason why there is such a trend is because the high opening makes many people choose to sell the stock, but more funds enter the market, so the stock price immediately rises again and breaks through to a higher price.

Although Hutchison Whampoa borrowed HK$500 million from Galaxy Games, Lin Baicheng asked the company's traders to only buy slowly when Hutchison Whampoa's stock price fell below HK$25, so the traders did not buy in advance. A buy order is set at a certain price, so none of the current shares are bought.

Hutchison Whampoa borrowed HK$500 million from Galaxy Games. Lin Baicheng used it as a pallet of funds and bought it again when the stock price fell, giving investors confidence. As for when the stock price rises, of course you won't buy it, and these funds will never chase the rise.