Chapter 653 - Don't Be Surprised by Everywhere (Third Update, Ask for Subscription)
"Philips and Kotzley made the right choice. Lin Qi stood up, his mood indifferent, "In the future, the Japanese stock market will always hit new lows, even lower! This is just the beginning, the long bear market will be long, long." ”
"And there are new lows? Then we can sell them first and then buy them back at a lower price from time to time?"
"Are you stupid? Our controlling shareholder, sell a fart!" Lin Qi said, "Besides, Xinfei's fundamentals are fine, with an annual dividend of 1 billion US dollars, and the dividend belonging to the group is not less than 400 million US dollars. It can be a tender offer to all stock holders at a low price, privatization and delisting!"
"Mr. Lin, you ...... Nima's really good at playing! My IQ is even played by the market maker, who knows, you are so awesome, if the market maker suppresses the stock. If you don't give them the opportunity to pull up and wait for the bull market to come, the direct delisting of Nima, won't those who are trapped at a high level never expect the stock price to recover and earn back?"
"The wisdom of mortals! The stock price fluctuates a little bit, and it means a fart to me. With this spare time to speculate in stocks, it is better to get a few new companies to be packaged and listed. The bull market issued additional shares at a high level, the bear market stock price was lower than the net assets and the holdings were increased at a low price, or the listed company repurchased and cancelled shares with funds to cancel the net assets per share. The superior realm looks at the general economic trend, the middle realm looks at the industrial layout, and the lower realm looks at the financial operation, and Buffett is roughly between the lower realm and the middle realm. As for the financial speculators, in my opinion, they are inferior. I, not for sale, and will make beautiful gestures!"
After receiving a letter from the Tokyo Stock Exchange, Xinchuang Electronics Group, as the controlling shareholder, naturally released a series of good news, saying that Xinfei Electronics Co., Ltd., there is no unannounced news, all major business matters, are publicly disclosed in accordance with the compliance process, and the operating fundamentals are also good, and the revenue has grown by more than 50% for 7 consecutive years, even if it is 90 years, because of the impact of technology patents on the authorization of other companies, it is expected that this year's revenue scale can also maintain more than 35%. However, at the same time, the patent licensing income is included in the profit, and the total profit will not decrease.
As the parent company, Xinchuang Electronics Group is optimistic about the prospects of its listed subsidiary, Xinfei Electronic Technology Co., Ltd., and promises that in the next three years, it will not reduce its holdings of Xinai Electronic Technology Co., Ltd., on the contrary, it will increase its holdings of no more than 1% of listed company shares in the short term. Subsequently, the new venture electronics group, as expected, spent 300 million US dollars, increased its holdings by 1%, and increased its stake to 43%.
Because of the increase in holdings of major shareholders, the market value of Xinfei Electronic Technology once rebounded to $36 billion.
However, the impact of these positive news was only short-term, and after being quickly digested by the market, it began to re-enter the downward momentum.
On September 20, Ke Cilei, CEO of Xinfei Electronic Technology Co., Ltd., submitted his resignation and left Xinfei Electronics on the grounds of lack of personal ability.
The stock price plummeted 15% after the news was released, and it can be said that the positive news that the holding company announced that it was bullish on the listed company was completely covered by the negative news of the CEO selling shares and resigning.
Of course, everyone knows that this is because Ke Cilei has earned enough. The cashing out of $1 billion in shares shows that he is ready to resign and leave. Otherwise, for the sake of image, even if the stock price falls again, he will not take the lead in selling. Selling stocks may not hurt in a bull market, but in a declining market, it is very serious to be questioned by investors and the media. In the face of constant doubts from investors, the management is going to take the blame and resign.
Now, Ke Cilei has resigned on his own initiative, and there is no need for small and medium-sized investors to unite to force the palace. Therefore, in the future, the company's stock price will not be deducted from him, and investors will only scold the controlling shareholder if they lose money.
On the evening of September 21, Ueshima arrived in Hong Kong overnight to meet Lin Qi.
"How is Japan's economy and financial market doing now?" Lin Qi led Uejima to dinner with him, and by the way, he learned about the situation in Japan.
Shangdao shook his head and said: "Mr. Lin, I really expected it, the stock market has collapsed in advance, and the real estate companies have encountered difficulties, and the collapse is almost a matter of time, even if the property market has not fallen now, but ...... The government has stopped banks from financing the property sector with huge bubbles. It is also difficult for buyers to obtain loans, and a large number of new and second-hand houses have fallen to the freezing point, and even if they are quietly sold at a price two percent below the market price, they will not find much money to take over! To put it simply, since the beginning of this year, Japan's economy has been very severe, and there was almost no shortage of liquidity in Japan, but now, all walks of life are feeling suffocated and unable to borrow money! Although the government and banks concealed the truth, everyone knew that the reason for the sudden tightening of the monetary policy was that a large amount of money that had been lent out before could not be recovered, and in order to stop the loss, the government let the banks brake sharply. As far as our company's performance is concerned, I feel that the sales of Pangu computers this year will not only not grow, but will decline! Because the economy is really not working! I feel that the Great Depression is coming...... At least, the Great Depression in Japan!"
"The Great Depression, no!" Lin Qi shook his head, "The Great Depression of 29 years has been taken as a warning by the whole world. So, when similar signs occur, governments will enact guarantees that there will be no Great Depression. Japan's economic policy, although there are problems, for example, there were problems with the policy in the past, but now the brakes are squeezing the bubble, overestimating the bearing capacity of the Japanese economy, financial system and industry. Therefore, it is estimated that when the bank goes bankrupt, the government will intervene to maintain the existence of the enterprise and preserve employment. However, the price comes ...... A large number of enterprises that do not produce benefits and continue to lose money continue to devour social resources. Japan's economy may fall into a long-term stagnation! That is to say, there will be no major chaos, and a low-speed recession or stagnation will be maintained! In the future, Japan's concept of consumption will also change from actively investing, buying houses, buying cars, and selling luxury goods to careful budgeting. Most cities and towns outside of Tokyo will decline, and it will be difficult for population and housing prices to return to their peaks. In the future, Tokyo will gradually return to prosperity over time, but not now, and there should be a long-term decline in inertia. ”
The 29-year global recession, coupled with tariff barriers and anti-trade wars, eventually led to a long-term global economic downturn and high unemployment. After that, countries were unable to resolve the ensuing problems, and eventually, economic problems led to World War II.
It is for this reason that economists around the world have come up with a series of economic policies aimed at avoiding the Great Depression of '29.
No matter how bad the current government's economic regulation is, it is likely to be much more clever than the economic policies of '29.
Japan's economy has been stagnant for 30 years, slowly releasing the negative effects of the economic collapse. From the traditional concept of economics, it is very inefficient, which prolongs economic stagnation. But...... If nothing is interfered at all, the end result may be a Great Depression, which will be even more destructive. After the total destruction, the economy bottomed out faster, but ...... The cost is actually much greater than 30 years of stagnation.
Therefore, many people stand in the afterthought and think that the Japanese government's economic policies and failures have failed. In fact, this is only not the highest result, and if you look at the South American countries, Japan has been stagnant for decades, and its per capita GDP has regressed, but it has managed to maintain the dignity of the developed countries.
Unlike many countries in South America, the century-old economic development has ...... There has been a steady retreat from developed to developing countries.
……
What, advertise the new book "Wanjie Jiayuan System", it may ...... That book will have more entertainment scenes than this book with entertainment in its name. There are still a lot of outlines behind "Great Power Entertainment", which should be written at least until the end of the year.