No. 140 Occupy the pit and financial leverage
Hearing Li Huahu ask how much money Hang Seng Bank had, Li Hualong was stunned for a moment, and lightly said the number he knew last month.
"More than HK$1.46 billion."
Li Huahu muttered, "It's not a lot."
"How much money do you have?" Li Huawen quipped, "Now that the house price and stock price have fallen so badly, your third brother's assets are not 1.4 billion." ”
Li Huahu was stunned when he heard this, stared at Li Hualong a few times, and said with a smile: "Big brother, listen to what you mean, before, my third brother's assets exceeded 1.4 billion?" ”
"I think it's definitely exceeding." Li Huawen said with a smile, "The specific situation, your third brother himself knows best." ”
Li Hualong said honestly: "If my personal assets are evaluated in the same way as evaluating the company's net assets, they have never exceeded 1.4 billion before. ”
Li Huahu said with a smile: "I know that the market value of many companies is more than the net assets, and companies like Huayi Brothers Media Group will not have very high net assets, but if they are listed, the market value will definitely be several times the net assets, and the contracts signed with those stars are just a piece of paper, but they can bring huge profits to the company." ”
Li Hualong smiled noncommittally and took a sip of red wine.
Li Huawen asked: "In recent months, many wealthy people in Hong Kong have sold their family businesses and emigrated overseas, and the loss of deposits in Hang Seng Bank is quite strict, right?" ”
Li Hualong replied: "Compared with the end of last year, the amount of deposits in Hang Seng Bank has not decreased, but has increased, an increase of about 5 percent. ”
Li Huawen was surprised: "How can this happen. ”
"Among the Chinese-funded banks in Hong Kong, Hang Seng Bank is the absolute No.1, and now that the society is so chaotic, some depositors feel that it is safer to deposit their money in Zài Hang Seng Bank, and are willing to transfer the deposits that were originally deposited in Zài small banks to Hang Seng Bank. Another point is that my wholly-owned companies keep the money in the company's account in Zài Hang Seng Bank, and most of the employees of my company. and their families, who are loyal depositors of Hang Seng Bank. ”
Li Huawen nodded with a smile and sighed: "Seeing the current stock prices of listed companies such as Times Land and Intercontinental Hotel, I have to admire you, and it is really wise to choose to sell a large number of shares to cash out two years ago...... Aaron, do you have the ability to predict the future? ”
"I said I did, do you believe me?" Li Hualong asked with a smile.
"You said you had. I will believe it. Li Huawen smiled.
Li Huawen said this, but he didn't take Li Hualong's words seriously in his heart, although he agreed that Li Hualong had a peerless talent in business and investment, but he didn't think that Li Hualong really had the ability to predict the future.
"Then you should think that I have the ability to predict the future." Li Hualong smiled faintly.
"Tell me what you think the stock prices of those companies are going to go up against." Li Huawen said.
"I don't know if it's going up or not, but I can talk about the listed companies that I think are undervalued." Li Hualong paused and continued. "In addition to some of the companies I own, HSBC, Hongkong Land, Jardine Matheson. A number of companies, such as CLP Power and Hongkong Electric, are undervalued and can be bought in large quantities, and as long as the situation is stable, the share prices of these companies are sure to rebound sharply. It is possible to rise exponentially. ”
"I remember the names of these companies you mentioned, when they bought a lot of stocks. It's up to you to decide. Li Huawen said.
"We'd better get someone we can trust to help keep an eye on the stock purchase." Li Hualong built yì said.
"Aren't you the one we trust the most!" Li Huawen said with a smile.
"Yes, what the eldest brother said is right, if we don't trust you, there is really no one in this world who is worthy of our trust." Li Huahu smiled, "By the way, third brother, how is your acquisition of shares in Huangpu Dockyard, Dairy Company and other companies?" ”
Li Hualong replied: "I already hold more than 70% of the shares of Whampoa Dockyard, and the Dairy Farm Company holds more than 90% of the shares. ”
Li Huahu asked again: "Do you not want to buy the remaining shares, or do others not want to sell them?" ”
"There are shareholders who want to sell their shares, but they think my bid is too low, and the other party does not accept it." Li Hualong paused, "Otherwise, you can buy the remaining shares, buy at the current market price, and the future income will definitely be similar." ”
Li Huawen was puzzled and asked, "Since you can make money, why don't you buy it yourself?" ”
"How so?" Li Hualong groaned, took a sip of red wine, organized the language, and explained, "I am now the controlling shareholder of these two companies, I can grasp the direction of the company's operation, and I will use the land of these two companies to develop real estate, and when it will be developed, I have the final say." Even if other shareholders can make money with me, I don't particularly mind. I don't spend this money now, but use it elsewhere, for example, to invest in a company, so that in the future I can have a certain position in the company, and maybe even buy the company...... In a word, financial leverage, leverage more capital. ”
"I don't really understand." Li Huawen smiled and said, "Ah Hu, do you understand a little?" ”
"I understand, to put it bluntly, the third brother wants to occupy more territory, even if he takes the younger brother to occupy the territory, it will not affect his control of various territories." Li Huahu smiled and said, "Third brother, I understand it this way, right?" ”
"Pretty much the same thing." Li Hualong said with a smile, "To put it mildly, it is to occupy the pit." ”
"You don't occupy a pit and don't!" Li Huahu said with a smile.
Li Hualong rolled his eyes, did not answer, a wry smile appeared on his face, he felt that what Li Huahu said was too rude.
"If you say anything about occupying a pit, it is more elegant to occupy a pit." Li Huawen smiled, changed the topic and said, "If the property price in Hong Kong more than doubles and the stock price more than doubles within two years, then after two years, your assets can exceed 3 billion, right?" ”
"If all my companies go public, maybe in two years, my personal assets will exceed three billion. In terms of net worth, it will be difficult for my assets to exceed three billion in two years. ”
Li Hualong sighed lightly, took a sip of red wine, and continued: "For me, money is a number. In the future, I will do more things that interest me. ”
Li Huahu asked, "Third brother, what do you want to do the most?" ”
Li Hualong asked rhetorically, "What do you want to do the most?" ”
"Uh......" Li Huahu pondered for a moment, "I don't have anything in particular that I want to do." ”
"Oh, there are so many things I want to do. There is no such thing as 'most'. Li Hualong laughed.
"What do you want to do?" Li Huahu asked curiously, "Give me a few examples." ”
"Let all the employees in my company feel that I am a good boss."
"This ......," Li Huahu paused, "It's a bit difficult, isn't it?" ”
"It's difficult." Li Hualong nodded and sighed, "The human heart is the most wonderful thing. ”
"As long as you pay your employees more than your peers, you will definitely think that the vast majority of employees will think of you well." Li Huawen said seriously, "If someone is not satisfied and says strange things behind his back, as long as you know, you will not be merciful and be fired directly." ”
Li Hualong smiled noncommittally. He raised his glass and said, "Let's have a drink, you're a little slow to drink tonight." ”
"Isn't it slow, I drank a lot when I had dinner."
Li Huahu smiled and touched the cup twice with the two brothers, and drank it all.
A few days later, Li Hualong, Li Yisong, Li Huawen, and Li Huahu began to secretly buy a large number of shares of more than a dozen listed companies.
Li Hualong and others continued to buy stocks, although they stopped the downward trend of all stock purchases, let alone the entire stock market.
A lot of people are selling stocks like crazy. They are worried that in the near future, J's army will enter Hong Kong, and the stocks in their hands will become waste paper and worthless.
By the end of August. The Hang Seng stock index fell to an all-time low of 58.61 closing points.
If it is someone else, it must be difficult to say that the stock you bought continues to fall, but at this time. Li Hualong was particularly happy, which was more conducive to buying a large number of stocks he liked.
Since the IPO of InterContinental Hotels, Li Hualong has paid special attention to the Hong Kong stock market. He also specially asked some professionals to collect all kinds of information for him, planning to wait until the bear market came, the stock price fell to the bottom, and he bought a large number of stocks that he thought had the potential to appreciate.
In May this year, there was a riot in Hong Kong, and there was a bear market in the Hong Kong stock market, the stock price plummeted, and there were many people who sold stocks, but few people were willing to take over.
Jardine Matheson went public in 1961 at an issue price of $16 per share, and on the day of listing, the stock price nearly doubled, and after several years of development, the company's market value increased several times.
In this bear market, Jardine Matheson's share price fell below the issue price, and Li Hualong and his family bought a large number of shares of Jardine Matheson at an average price of HK$14 per share.
Although the property market is now sluggish, the world is not good, and the net assets of Jardine Matheson have depreciated, Li Hualong believes that the company's net assets per share are not less than HK$30, and he and his family buy Jardine Matheson shares with net assets of more than HK$30 per share at a price of HK$14 per share, which is a particularly cost-effective investment.
Hongkong Land owns a large number of properties in Central, the central district of Hong Kong, and even though Li Hualong is now known as the largest property owner in Hong Kong, he still envies the properties owned by Hongkong Land and thinks about buying this company, but he has no plans to buy Hongkong Land for the time being.
This time, Li Hualong bought Hongkong Land's shares just for investment, and when Hongkong Land's stock price rose to a price he was satisfied with, he would not hesitate to sell and cash out.
Although Hang Seng Bank has become the leading Chinese bank in Hong Kong, the leader of the entire banking industry in Hong Kong is still HSBC.
Since the riots, HSBC's share price has plummeted, and the low price-to-earnings ratio is tempting, at least for Lee, at this time, HSBC's share price is tempting and worth buying.
Although Li Hualong feels that Hang Seng Bank has his support and has greater development potential than HSBC in the future, he also knows in his heart that as the riots subside, HSBC's profits will increase year by year, and as long as HSBC's price-earnings ratio returns to normal levels, then he can get rich returns by buying HSBC shares at a low price now.
Since the opening of the port, Hong Kong's electricity market has been a territorial monopoly by two companies, of which the electricity supply of Hong Kong Island, Ap Lei Chau and Lamma Island is all provided by HK Electric. The supply of electricity to Kowloon and the New Territories (except Lamma Island) is entirely the responsibility of CLP.
Li Hualong thinks that with the continuous increase of Hong Kong's population and economic strength, the electricity consumption of residents and industries will definitely increase significantly, and now is the trough of the stock market, the stock prices of these two power companies are undervalued, and in a few years, the stock market will pick up, and then cash out, and it will definitely be able to make money.
If Li Hualong did not know the general trend of the ups and downs of the Hong Kong stock market in the next few decades, he would definitely hold the shares of CLP Power and Hong Kong Electric for a long time.
At present, there is only one stock exchange in Hong Kong, which is controlled by the British, and the market participants are mostly foreigners and so-called high-class Chinese.
As early as three years ago, Li Hualong began to make all kinds of preparations, he and his family opened stock accounts, found different brokers to buy some stocks, figured out the way to invest in stocks, and recruited some stockbrokers who could keep a large number of stocks secret for them.
Li Hualong thought so, he invested a lot of money to buy stocks, so that those who could not sell the shares could cash out.
In the future, the stock price will rise, and the people who sell the stocks now will be regarded as a loss, in a certain sense, Li Hualong has taken advantage of these people, but he has no sense of guilt at all, and now the vast majority of the people who have stocks in Hong Kong are "superior people", and he is proud of the fact that he has made money from these people.
Acquisition of shares of non-listed companies, acquisition of shares of listed companies, acquisition of various properties, Li Hualong spent a lot of money, used up the funds he had prepared before, he was not addicted, and also contacted large sums of money from Hang Seng Bank and other banks for various investments.
In addition, Li Hualong's family also borrowed money to invest under his strong advice.
On the evening at the end of August, Li Hualong read a lot of literature in his study.
At around half past eight in the evening, Yang Meng entered the bedroom with a bowl of chilled white fungus soup.
Seeing Yang Meng, Li Hualong smiled and asked, "What are you drinking tonight?" Li Hualong asked with a smile.
"Chilled white fungus soup."
"My favorite!" Li Hualong smiled, picked up the bowl that Yang Menggang had just put on the desk, picked up the soup spoon, and ate it in small bites.
"What are you looking at?" Yang Meng pointed to Wen Jiàn on the desk and asked.
"You can take a look."
Yang Meng picked up a copy of the text, flipped through it, and said with a smile: "In order to buy stocks, I did a lot of homework!" ”
Li Hualong said lightly: "It's not about investing hundreds of thousands of dollars to buy stocks, you can't do your homework." ”
Yang Meng asked, "You have bought a lot of stocks recently, but the stock price is still falling. If you invest so much money, will the risk be too great? ”
Li Hualong smiled and explained: "There must be risks, I feel that the Hang Seng stock index has bottomed out and is about to rebound." ”
Yang Meng asked again: "How many points is the Hang Seng Stock Index?" ”
Li Hualong replied: "58.61 points." It's the lowest point in the history of zào. ”
"All-time low?" Yang Meng was stunned, "Before, the Hang Seng Index was higher than this point? ”
"Since the launch of the Hang Seng stock index, it has not fallen below 60 points before."
"If the Hang Seng Index rises, does it mean that the stock market is rising?"
"It can be said that the rise of the Hang Seng Index does not mean that the stock prices of all listed companies have risen, and vice versa."
Li Hualong finished drinking a bowl of white fungus soup, stood up, and said, "It's not early, I'll go upstairs to sleep." ”
"It's only half past eight." Yang Meng smiled.
"Tonight, let's have fun." Li Hualong sneered.
"You haven't gotten tired of it, have you?" Yang Meng said angrily.
"Gone."
Li Hualong held the bowl in one hand and Yang Meng's waist in the other, and walked out of the study. (To be continued......)