Hong Kong's economic environment in 1984 has basically ended the depression of previous years.

In particular, the Sino-British joint statement was issued, which determined the date of Hong Kong's return to the motherland in 97, which was regarded as good news by the market, and once pushed the stock index above 1,200 points.

Over the past few years, the Hang Seng Index has been fluctuating below the bottom of 1,000, and the 1,000-point mark seems to have become a thorn in the side of many investors.

In the last quarter of the second half of '84, the stock market has strengthened, and the Hang Seng Index not only broke through 1000 points, but also closed at 1200.4 points at the end of the year, thus laying the foundation for a big bull market in the next 3 years.

Of course, the blue-chip stocks such as HSBC and Cheung Kong, which performed well in 84, have just started, but a large number of junk stocks have already been speculated into sky-high prices.

For example, Ameiko, a Hong Kong electric fan company listed in 83, has a total share capital of 70 million shares and a market value of 170 million Hong Kong dollars, which can be called the myth of a small company in the 80s.

Of course, in fact, after Aimeigao circled 30 million Hong Kong dollars in cash after listing, its net assets only reached more than 40 million Hong Kong dollars.

Among them, half of the assets are lying in the bank account to eat interest, and only more than 20 million have been invested in production and sales projects.

The market value of 170 million has overestimated the actual assets of Aimeigao by 4 times!

"My dear! You've become a billionaire! Liu Luanxiong's wife, Bao Yongqin, couldn't help but look at him with admiration.

Liu Luanxiong said proudly: "This is also thanks to the teachings of Brother Zhan Peizhong, otherwise, I can't believe that I can't believe that it is more profitable to package the company and go public than to operate honestly for decades!" ”

"Hmph, how did you know Brother Zhan, when I don't know!" Bao Yongqin thought of this, and she was angry in her bones.

"Hehe, man, you have to act on the spot, otherwise how can you make friends?" Liu Luanxiong hugged Bao Yongqin, "Actually, my favorite is always you!" ”

"Don't be shy, you old immortal!" Bao Yongqin couldn't help but be shy.

Zhan Peizhong and Liu Luanxiong both like to go out to nightclubs and other bad places, and they become friends with wine and meat. Zhan Peizhong, as a veteran of Hong Kong's financial street, naturally likes some means of making money in the financial market.

In 82, the myth of Jianing was shattered, and Zhan Peizhong was also in prison, and many small and medium-sized investors in Hong Kong naturally hated Zhan Peizhong.

However, Liu Luanxiong regarded Zhan Peizhong as a mentor and friend. If it weren't for Zhan Peizhong's enlightenment, he would not have realized that the financial market has a greater interest than the industry.

"By the way, although the company went public in '83 and received a lot of financing, the company's performance does not seem to have improved much. Orders from Europe have shrunk sharply this year. Last year, there were orders of 40 million Hong Kong dollars, but this year there are only more than 8 million left, and the profit is only more than 70,000, and the European business is basically not profitable! Bao Yongqin suddenly said with a sad face.

"The market in Southeast Asia is still good!" Liu Luanxiong said with a smile.

Southeast Asian countries, mainly located in the equatorial tropics. In these areas, the first is the perennial hot weather, and there is a huge demand for electrical appliances for cooling, and the second is that these areas have poor economies and cannot afford air conditioning. Therefore, manufacturers of electric fans in Asia basically regard Southeast Asia as the main market.

The Liu family's fortune mainly came from the electric fan business, which caused an energy gap due to the oil crisis in the 70s. So much so that electric fans, which save electricity than air conditioners, are actually sold all over the world. It is very rare for Liu to grasp the opportunity and expand the enterprise to tens of millions of scales.

Through the stock market circle money, the company's net assets have increased to more than 40 million. If Liu Luanxiong does business honestly, with three times more capital than before, he may not be able to become an excellent industrialist.

However, after witnessing the origin and collapse of Jianing Real Estate, Liu Luanxiong not only did not wary of the risks of the financial market, but believed that the windfall profits of the financial market were 100 times stronger than doing business.

"Actually, the company's operation is not the most important thing at the moment!" Liu Luanxiong smiled.

"Isn't the company's business important?" Bao Yongqin was surprised and almost thought that her husband was crazy.

"Of course, there are a bunch of companies in the market now, and the market value is even lower than the net assets, but the assets of Aimeco are overvalued by 4 times, which is simply the price at the end of the bull market! It's better to take advantage of the high price, sell most of the stocks, and then we go out on a trip. Wait until the company's stock price falls all the way to a reasonable price, and then buy back the chips cheaply! Liu Luanxiong smiled shrewdly, "Between this tossing and sucking, the number of shares we hold will not decrease, but there are hundreds of millions of additional funds in our hands." At that time, we could play more tricks in the stock market, and maybe we could make a 10 billion group! ”

"Tens of billions? You're not in a mess, are you? Bao Yongqin glanced at him, he just had a net worth of more than 100 million, and he fantasized about 10 billion. However, her husband is also ambitious, and she is also supportive.

"You don't understand, it's very unscientific to measure finance with the psychology of doing business! Look at Chen Songqing, I didn't have money before, but didn't I become a huge rich man with a net worth of 10 billion yuan? Liu Luanxiong was full of spirit, "I will absorb Chen Songqing's quick fortune, avoid the shortcomings of some losers, and give me another ten years, I can also have a net worth of 10 billion!" ”

In January '85, the Hong Kong stock market showed that the stocks of small companies that had risen too much in '84 began to dive again and fall continuously.

The really valuable blue chips are recovering steadily.

Among the many overvalued small business stocks that have plummeted, Amico is one of them. Even, Aimeco even led the decline for a time, hitting the first bear stock that fell 30% in a week.

When shareholders are puzzled, the company's major shareholders Liu Luanxiong and his wife issued an announcement that due to a lack of private money to spend recently, they reduced their holdings of the company's shares, not because they are not optimistic about the prospects of Aimeigao.

Although the Liu couple explained it this way, it caused panic among the minority shareholders - isn't this nonsense? The most important business of the Liu couple, that is, the Aimeigao company, has any personal affairs that are more important than Aimeigao, and it must be that Aimeigao has some negative performance, so the major shareholders will flee from Aimeigao.

A large number of small shareholders are scrambling to sell. This further caused the stock price of Aimeigao to plummet and fell into a continuous decline.

After the Liu couple sold off the shares of Ameco, Ameco has fallen to 1.2 yuan. While the Liu couple went to relax and spend their honeymoon, they kept chattering - fall! Fall! Fall!

As the founders of the company, the couple can be described as living treasures, and they can't wait for their company's stock to fall to worthless, so that they can buy back the stock cheaply with the attitude of returning as the king

———————————— soon, Ameco had fallen to one dollar per share.

Aimegao's performance last year was 5 million profits, so the company's net assets were 43 million, and the market value was only 70 million. If you look at the performance standards of blue chips, the performance of this company is rubbish.

However, considering that Aimeco has become a leading enterprise of Hong Kong electric fans, and its products are exported to more than 50 countries in the world, plus the electric fan market in Chinese mainland needs to be explored, with a dynamic performance growth perspective, this Hong Kong electric fan leading enterprise, in fact, the valuation is not very high.

After receiving the news of receiving the report, Chen Shaohe, the general manager of Shaojie Fund, was stunned and said: "The major shareholder of Aimeigao Company has sold off its stocks, why, what trouble has happened in the operation of this company?" ”

"Probably not, since the second half of last year, the world economy has begun to warm up again. Aimeco's electric fans, which sell well all over the world, have been listed to raise funds to build several new production lines, and the production capacity has been expanded to 3.5 million units per year. It is expected that the annual profit of Aimeco will exceed 8 million this year and 13 million next year! One dollar per share, it's already worth a lot! As for the operation of Aimeigao, the analyst who tracked the survey said.

Chen Shaohe analyzed for a moment and said: "There is no hidden danger in performance, so the biggest possibility is that Liu is playing the trick of throwing high and sucking low?" ”

"Hehe, I also think the truth is that the major shareholders are selling high and buying low." The analyst said.

Major shareholders sell high and buy low, which is very common in the Hong Kong stock market in this era.

Not only do shareholders of small companies like to play this hand, but even shareholders of some large companies also like to reduce their holdings when their assets are overvalued and buy back when the stock price falls.

"I'm more optimistic about this company. These days, try to buy a little. In the future, if Liu tries to buy back shares, the stock price will definitely rise to a certain extent. If Liu's does not buy back, it will be okay for the fund to be the largest shareholder of Meigao! With the demand for electric fans in Southeast Asia and Chinese mainland markets, a company like Aimeco has a good future in the future! Chen Shaohe smiled confidently.

Shaojie Fund's most profitable Hong Kong dollar foreign exchange speculation in recent years, as well as a low-cost investment in Hutchison Whampoa, were all carried out under Zhang Shaojie's planning.

However, in addition to Zhang Shaojie's planning, Chen Shaohe and others also showed the vision of first-class investors in their usual investment behavior.

There are only more than 10 employees in the entire Shaojie Fund, but on average, each person earns at least 200 million yuan a year for the fund. In the entire Hong Kong industry, the analysts, traders, and fund managers of Shaojie Fund are basically regarded as peerless masters.

Chen Shaohe said that he would buy a little Aimeigao, but in fact, he planned to buy 10 million shares. Shaojie Fund's traders bought more than one million yuan every day, and it only took a week and a half to complete the position.

Liu Luanxiong and his wife had all their wishful thinking, but unexpectedly, the smell of blood from Aimeigao attracted the attention of the big shark of Shaojie Fund

(To be continued)