0262 Plan Ahead (Ask for a Monthly Pass!) )

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Last year, Hong Kong, with the support of the Chinese government, and Soros hedge funds for the international capital attack, Hong Kong stocks in the continuous decline to stop and began to soar strongly, the support of the big 6 including Chinese and foreign funds into the market, 24 blue-chip, red-chip listed companies from the market to buy back shares, driving the market up.

The price of China Telecom's return to business has also had a certain stimulating effect on the stock market, making red chips and state-owned enterprises breathe and rebound! Coupled with the interest rate cut in Chinese mainland, which also became an external factor for the broader market, these factors caused the Hang Seng Index to rebound sharply. On the back of a strong rebound in the stock market, the Hong Kong dollar regained its stability.

By the second quarter of this year, Hong Kong's economy ended five consecutive quarters of negative growth and embarked on the road to recovery, while the Hong Kong property market was still sluggish, prices and volumes were falling, and transaction volume was still sluggish.

At the end of April, a week after the five founders of Lianbang Software presented in Hong Kong, although it was as popular as 8848 in the United States, it was also highly anticipated by investors, which had something to do with the big sales of 8848 on the NASDAQ.

At the beginning of May, the sales of 8848 were still rising with a steep line, and the website reached sales agreements with more than 20 domestic and international brands, including luggage brands...... The positive news led investment banks to give a high "outperform" rating, and the stock price of 8848 quickly broke through $25 and soared towards $3O. At this time, Amazon's stock price has already exceeded $13o!

Analysts believe: "Considering the stock price of 8848, we must take into account the overall premium of the 'Chenxing model', including Chenxing home delivery that can provide logistics support for 8848, Chenxing software that provides intellectual support for 8848, Alipay that provides third-party payment, and Baidu that provides search customization...... What kind of expectation can be achieved by the price-earnings ratio of 8848 can reflect the fancy concept of 'Chenxing model' touted by investors! ”

As a giant in China's software circulation industry, Lianbang Software's total sales reached 160 million yuan last year, and its monthly sales exceeded 20 million yuan in April! Encouraged by this, Lianbang Software was listed on the Hong Kong stock market in mid-May, and the transaction was mainly sold by five securities firms including Galaxy and Huaxing.

Lianbang Software hopes to obtain more financing channels through the listing of Guò, while Alibaba Group hopes to be able to make a proper cash out and maintain a controlling position as much as possible. This made Su Qiqiang and other founders breathe a sigh of relief, and they were most worried that Alibaba Group would increase its control over Lianbang Software after the change of power in the future, and if Alibaba Group reduced its original shares after the lock-up period expired, it would be beneficial to maintain trust between the two parties.

Before the listing, Lianbang Software had a total share capital of 10,000 shares, and because of the particularity of its industry, most of the company's properties were mainly leased, so the net assets were low, and the net assets per share were only more than one piece, with a market value of nearly 70 million! In this listing, Lianbang Software Bank has 1.54o new shares, accounting for 27.4 of the total share capital, and the market price has reached 3 yuan!

The reason why the price of the bank is so high is because Lianbang Software is backed by China Chenxing, and the market and underwriting syndicates are mainly bullish, which is why Su Qiqiang chose to list in Hong Kong under the background of 8848 good news, and why he frequently mentioned in the prospectus that Lianbang Software has stimulated the sales of 8848 software - in the context of the strong rise of Chenxing Home Express, Lianbang Software distribution outlets in cities of all sizes across the country are still playing a role.

However, it is undeniable that the founders of Lianbang Software are not sweaty about this price, but this time the underwriters' opinions are very optimistic and unified. After all, they are professionals, and if they can raise such a high amount of funds, Su Qiqiang and the other five founders will naturally be very happy!

In fact, the Hong Kong stock market really gave them a big surprise, although it did not meet the underwriters' optimistic expectations of 4.5 yuan, but it still reached 4.3 yuan on the day, an increase of 43.3, and the senior management of Lianbang Software was jubilant and high-fived.

And Cai Chongxin Zhai Yan, who was far away in Dongou at the time, also breathed a sigh of relief, and even 8848, which was listed on the NASDAQ, rose by one dollar on the same day, and all investors questioned: "Is it Chenxing Network?" Or Ctrip.com? ”

In particular, Ctrip.com, judging from the operation of this year, the revenue in the first quarter was 110 million, and the net loss was reduced to 1500000 compared with 4500000 in the third and fourth quarters of last year [9oo00000 cash acquisition of Huating HNA and the substantial expenditure of human compensation] and 27oo000000 to 15oo00000, which is obviously an encouraging sign!

"It's not difficult for Ctrip to be profitable this year, and maintaining its current promotion expenses and marketing team for the time being will save a lot of extra money!" Huang Yaoxuan, chief financial officer of Ctrip.com, said at a meeting of senior managers of China Chenxing Holdings and Ctrip.

"No need!" Tsai Chongxin shook his head, "Today's China is now a promising incremental market, when competitors are still racking their brains to recruit a large number of promotion teams, how can we abandon our martial arts for the sake of Shun Lì listing?" Therefore, Ctrip's marketing expenses this year should not only not be reduced, but also increased by 2o-3o! ”

Jiang Zheng, who rarely said anything outside of his duties at the meeting, said with a faint expression: "Speaking of good news, I learned from some sources that the government may formulate regulations on the national unified holiday, in addition to Saturday and Sunday, add additional traditional holiday holidays!" ”

After all, after a while, Song Chen knew what to expect, so he kept a quiet expression on his face; Others' eyes lit up and they immediately thought of the stimulus effect of this regulation on the tourism industry.

"Is the message confirmed?" Zhai Yue asked with concern,

Jiang Zheng smiled: "It should be right, but from the proposal to the discussion to the issuance of regulations, the process is relatively long, and it may take several months, but it should come out this year!" ”

Song Chen, who was sitting on the main seat, nodded with a smile: "This should be unprecedented good news, but Ctrip is still striving to be listed this month or next month, taking advantage of the NASDAQ's pursuit of our shares, and the intensive listing will help promote and support the stock prices of various subsidiaries while maintaining market heat!" Escort for a worry-free listing! ”

Tsai Chongxin muttered: "Chairman, the successive listing of subsidiaries may drive the stock price of relevant listed companies, but it may also disperse investors' funds, so intensive listing is more likely to cause the stock price of subsidiaries to fluctuate dramatically, why not plan to list separately within two years?" ”

"Within this year, Ctrip, Future, and Chenxing Network must be listed!" Song Chen waved his hand and said categorically, "If the listing of subsidiaries is too frequent and investors wait and see, Baidu and googLe can slow down first!" But the first three must be listed as much as possible, and they must be completed by this year! ”

Although Cai Chongxin can be regarded as Song Chen's henchman, he is obviously not as close to Song Chen's henchman as Zhai Yue and Zhai Yan. Although they are a little dismissive of the remarks that "the NASDAQ may collapse next year", considering that Song Chen's vision has not yet had problems, the two sisters are still somewhat vigilant - at this time, the concept stocks of the NASDAQ are the most enthusiastic time for speculation. Because it was so hot, they already felt a little hot.

If there is a real stock market crash, Chenxing subsidiary, as a pure Internet company, is hard to say how much market value will fall by then! But because of this, for those who are prepared, this is the capital feast that belongs to Chenxing Holdings!

Zhai Yue said: "No matter what, we will arrange for the company to be listed as much as possible!" ”

The meeting lasted for two hours, and Song Chen asked Zhai Yan, Zhai Yue, Cai Chongxin and Jiang Zheng to stay. After everyone else went out, Song Chen folded his legs and leaned over slightly towards Jiang Zheng, and said, "Ah Zheng, after the relevant subsidiaries are listed, I need the bank to increase our loan credit line!" ”

Jiang Zheng was stunned: "Loan?" There is no shortage of funds at the headquarters, right? ”

Cai Chongxin was also stunned, he said: "NASDAQ only has a three-month lock-up period, and in July and August this year, we can sell the equity of 8848 to get a large amount of money, why not wait?" ”

Song Chen and Zhai Yan Zhai Yue glanced at each other, and said with a slight smile: "Next year, China and the United States will have a big move, 8848, Ctrip, Future, and Chenxing Network's cash-out funds will be used, but these may not be enough, so I also need the bank's funds!" Can it be done? ”

"If we follow the current upward trend ......of the Nasdaq," Jiang Zheng mused, "there is no problem with the market value of China Holdings exceeding $20 billion, but the banks may not be willing to calculate the market value of the Nasdaq before approving the loan." Except for a few subsidiaries of China Holdings, the revenue level is quite considerable, if it is according to their loan standards, unless the relationship is used, it is difficult for Chenxing Network and Baidu to get loans! ”

After silently estimating in his heart, Jiang Zheng shook his head: "In my opinion, 3o billion yuan is the bottom limit that banks can take out, and if you are optimistic, it is about 4o billion, and it is all the loans of several banks combined!" ”

Cai Chongxin nodded: "It's about the same as my estimate!" In the final analysis, Chenxing Network and Baidu have not seen the prospect of profitability so far, and these loans are based on the revenue of other subsidiaries! ”

"4o billion! Approximately $500 million...... Almost! Song Chen nodded, looked at Jiang Zheng and smiled slightly, "Is there a way to talk to the bank?" ”

Jiang Zheng hesitated: "Do you have to ask the bank for financing?" You know, even if you use 3o billion, the annual interest generated is very amazing! What's more, it is necessary to mortgage part of the equity of China Chenxing Holdings...... Won't the chairman tell us what it is? ”

Song Chen smiled faintly: "When the time comes, I will sue you, and this day is not long!" ”

Song Chen was tight-lipped, Jiang Zheng couldn't help it, he was silent for a moment, then nodded and said, "I know, I'll communicate with the bank first!" ”

"Well, good work!" (To be continued.) If you like this work, you are welcome to subscribe (Biquge), reward, your support is my biggest motivation. )

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