Chapter 590 - Gold Potential Stocks (Seeking Complete)
As soon as this question came out, Bao Yugang and Huo Yingdong both stopped eating and drinking, and looked at Xia Yu intently.
"Xia Yu, are you planning to buy HK Electric?"
Bao Yugang asked.
Xia Yu calmly admitted: "Yes, I have this idea. ”
Bao Yugang suppressed the surprise in his heart, nodded and replied: "My Lufeng International Company holds 7.6% of the equity of HK Electric Company, transfer it to you, and I will let people sort out the situation when I go back." ”
"Thank you, thank you!"
Xia Yu smiled and said gratefully.
"Why do we have to say thank you, this is the outside!"
"By the way, Xia Yu, after MacLehose came back from going north, now some British investors are no longer at ease and are ready to withdraw from the UK, and several directors of HK Electric seem to have this tendency, do you want me to come forward to help you buy it?"
Bao Yugang waved his hand and smiled, suddenly thought about it and said to Xia Yu.
As one of the directors of HK Electric, although he is a relatively ordinary one and does not care about the company's operation, but for so many years, because he is indifferent, he has a good relationship with all the directors of the company, whether they are British or Chinese.
Now that Xia Yu plans to buy HK Electric, he is naturally willing to take the initiative to help if he can help.
After all, after such a long time, Xia Yu has been helping him, and he owes a lot of favors, although Xia Yu doesn't care, but he has to keep it in his heart, and he has not paid it back, he is not happy.
Seeing that Bao Yu had just helped Xia Yu, of course Huo Yingdong could not be indifferent, it happened that he could also help in this matter, Hong Kong Electric has three Chinese shareholders, two of which have a good relationship with him, one of them is still a fellow countryman, but Hong Kong Electric is just a company they invest in.
Huo Yingdong believes that with his face, it should not be a problem to win the equity of the two people's HK Electric.
Therefore, Huo Yingdong immediately said: "Xia Yu, I should be able to help with this matter, and I will come forward to buy some for you." ”
Xia Yu looked happy and said, "That's good, Lao Huo, thank you!"
"No, no, no, you have helped me so much, I have never had a chance to help you, I am so panicked!"
Huo Yingdong said with a smile.
"Lao Huo is right, we have been supported by you, we can't get over it on our conscience!"
Bao Yugang said in a joking tone, and Xia Yu couldn't help laughing.
"Haha......"
"Then I won't say it, I wish our friendship forever!"
Xia Yu said, raised the beer, the three of them touched each other, and drank it in a big gulp.
After drinking, the three of them chatted about HK Electric again.
"Xia Yu, before HK Electric was one of the top ten British-funded companies, but now it seems that the stock price has fallen a lot, are you ready to buy electricity or supplement the strength of real estate?"
"Yes, HK Electric has a lot of land and a lot of value, and now the price of oil has soared, which has led to a sharp increase in the cost of its power generation, and the stock price has fallen against the market, which is just right for acquisition. ”
Xia Yu explained that he did not hide it.
Since Bao Yugang and Huo Yingdong both planned to help him with the acquisition, they would definitely not have the idea of grabbing the Hong Kong Island company, so it would not hurt to tell them.
Besides, after Xia Yu's annexation of Wharf, many Chinese investors in Xiangjiang know that many British-funded enterprises are of great value, but the key is that many Chinese investors are not strong enough to do what Xia Yu did.
However, with the strength of Bao Yugang and Huo Yingdong, there is still a risk of directly colliding with the original four major consortia, but it is no problem to acquire a second-level or even a second-level British-funded company, and it is not a mistake to offend Xia Yu and grab the Hong Kong Electric Company with Xia Yu.
The two nodded understandingly, Huo Yingdong thought for a while and reminded: "HK Electric is now building a large-scale oil-fired power plant on Lamma Island, with a lot of investment, I heard that it is expected to be completed in 1981, Xia Yu, if you fancy the power industry, why not buy China Power Company? The entire power market in Xiangjiang, China Power occupies more than 70%, I heard that the power plant is also under construction now, and it is very difficult for HK Electric to catch up with China Power!"
Xia Yu smiled faintly and said: "It's not in the way, the market is low, it's low, it's not so quick to make a profit, the acquisition price is lower, but HK Electric has the power franchise on Hong Kong Island, and it's a big deal to increase investment in expanding the power plant later." ”
"CLP Power is not as dispersed as HK Electric in the hands of the Kadoorie family, and it is too difficult to acquire it. ”
There are only two giants in the electricity market of Hong Kong, namely the Heung Kong Electric Company and the China Power Company Limited, of which the Heung Kong Electric Company was established earlier, in 1889, when the entire economy and population of Hong Kong were almost concentrated on Hong Kong Island, the New Territories and Kowloon were very barren, and the Hong Kong Electric Company had the power franchise on Hong Kong Island.
Later, due to the development of Hong Kong Island and the fact that HK Electric was confined to Hong Kong Island, HK Electric began to diversify into the real estate industry and the engineering and construction industry, and the power business was no longer the only pillar.
However, most of HK Electric's power plants are oil-fired power plants, which are more polluting to the air, and the development of Hong Kong Island is getting better and better, and the greater the impact of the power plant located in the northern part of Hong Kong Island on the health of urban residents, many citizens have already raised their opinions, which is why in September last year, with the intervention of the Hong Kong government, HK Electric had to be forced to relocate the power station near the urban area, and then invest in the construction of a large power plant on Lamma Island.
Even if the real estate industry is rising, it can't withstand the sudden large investment in power plants, but the Hong Kong government is under pressure and public opinion, and an existing power plant is indeed unable to keep up with the power supply, so HK Electric has to invest in the construction of power plants.
Who knew that the revolution broke out in Iran caused the world oil prices to skyrocket, and almost all of HK Electric's existing power plants burned oil, which greatly exacerbated the cost, but the electricity price was fixed by signing an agreement with the Hong Kong government, so HK Electric's revenue was about the same, but the profits plummeted.
Even the power plant under construction on Lamma Island has cast a shadow.
The capital market is the most sensitive, which is why HK Electric's share price will fall against the market.
As for the other giant in the Heung Kong power industry, it is China Power Power Co., Ltd., which was established by Paul Chater and gradually taken over by the Kadoorie family, a Jewish family in Hong Kong, and has achieved a controlling stake over the years, becoming one of the three major industries of the Kadoorie family.
CLP Power Hong Kong was founded in 1922 and has power franchises in the New Territories and Kowloon, and with the development, Hong Kong Island can not accommodate so many people, the New Territories and Kowloon have been developed on a large scale, and the industrial zones have also been relocated to the New Territories and Kowloon, so the demand for electricity in the two places has skyrocketed, and CLP Power has occupied more than 70% of the electricity market.
CLP Power is also building a new power plant in Castle Peak, New Territories, in partnership with Rockefeller Consortium's Exxon Oil Corp. Oriental Energy Co. Ltd., which is a coal-fired power plant that is more environmentally friendly than an oil-fired power plant.
Although it is more difficult to transport coal mines, coal-fired power generation is more stable than oil-fired power generation, after all, oil prices fluctuate much more than coal prices.
To be honest, Xia Yu also coveted CLP Power China, but as he said, it was quite difficult, and after thinking about it, he still chose to eat HK Electric in his mouth first.
According to the historical trajectory, in the 80s, HK Electric will suddenly make rapid progress, because of the real estate industry, the market value will exceed 10 billion, becoming one of the top ten British-funded companies.
Such a golden potential stock, of course, must be seized.
Besides, the power industry is a public service industry after all, involving people's livelihood, as long as HK Electric is won, Xia Yu's influence on Hong Kong Island will skyrocket, and thousands of households will be affected by him.
PS: By the way, ask for a recommended ticket monthly pass or something, thank you!