Monday, October 17.

Standing in front of the window of his office on the top floor of Harcourt Building, Lam Cho-fai looks out at Victoria Harbour and feels a sense of pride as he stands in front of the rooftop office window of Harcourt Building.

This building was bought for about 1.2 billion, and he knows that this building will be worth as much as 15 billion in the future! It seems that the rate of return is not high, but rent is king, and it is estimated that the rent in 30 years can reach more than 15 billion.

After a moment of pride, Lin Zuhui returned to his desk, which is the new headquarters of Hengjin Investment.

Looking at the computer on the desk, Lin Zuhui is already full of longing for three or four years later; He seems to remember that around 1993, the real-time price of stocks could be displayed on the computer; In 1995, the United States has entered the commercial trading of stock computers.

He has already thought that there will be two computers in his office at that time, one computer will display the stocks of his listed company, and the other will be used for office.

And he is only 24 years old this year, and he can fully enjoy the advanced nature of the Internet era!

Get to work.

Looking at the USD/JPY chart on the table, he suddenly regretted that he had invested too little!

At the end of September, he took HK$300 million and 10 times leverage to short sell, with an average point of 135 points.

As a result, the yen began to appreciate sharply in October, and the USD/JPY pair fell by 4.5% on the 12th, and by the end of the week it had fallen to 127 points.

Up to now, his 300 million has made a net profit of 180 million!

If I had known earlier, it would have been good to invest 500 million!

At this time, Lin Zuhui did not have the consciousness of a traverser at all, and he was saddened by his loss of 100 million!

However, he quickly adjusted his mindset and began to analyze the future of USD/JPY!

This time the decline is so strong, it is estimated that there is hope to fall to 120~122 points, in the past year, there have been two times to fall to this price range, so Lin Zuhui is very confident that this time it will fall to this range.

And Lin Zuhui clearly remembers that before 1993, 120 points was a hurdle and would not fall below;

So, as soon as USD/JPY fell to 122 points, Lin Zuhui began to 'buy' backhand.

When it will be sold, he is also sure!

Based on the previous trend, a rebound to 150 points is absolutely no problem!

Anyway, his buy point is 122 points, which is already undefeated, and he doesn't need to be nervous when he reaches 150 points (before 1993).

Therefore, Lin Zuhui plans to add about 400 million Hong Kong dollars to make up a margin of 1 billion and buy it with 10 times leverage.

Calling Li Hao, Lin Zuhui advised: "Once the USD/JPY touches 122 points, report to me in time!" ”

Li Hao nodded, he now admires the boss's investment method of 'fast and accurate', and he will hit it with one blow!

"Okay, boss!"

Then the two discussed the problems of the Xiangjiang securities market and came to a conclusion that it may be difficult to rise to 2,700 points this year, after all, the market is still a little panicked.

Once the December futures contract is delivered, the Hong Kong stock market may usher in a big battle in the first quarter of 1989.

With futures contracts, stocks have to consider their possible impacts.

After such an analysis, Lin Zuhui suddenly felt a little headache, he invested 800 million yuan in stocks and futures indexes, it seems that he can't make a lot of money this year, and he can't count on cashing out from the stock market, after all, he won't sell until after 3200 points (before May).

At this time, his personal debt climbed to 2 billion yuan (mortgaged to part of the interests in Ligendage and Furama Hotel), and he still had more than 1.2 billion yuan in cash.

Why did he feel a headache, it was because he guessed that at the end of the year or the first half of next year, the Hong Kong government is estimated to take out two 'land king' level for auction, and it is estimated that it will take billions to take it down.

Therefore, he must make the financial situation of New Era Group and Chinese Estates better.

.......

In the afternoon, Lin Zuhui came to the New Era Group and held a high-level meeting.

General Manager Chen Bin said: "Next month, the Greater Cairn Tunnel will be tendered, and the company will be granted a 30-year franchise for the Greater Cairn Tunnel on a 'build, operate, and transfer' basis. ”

Lin Zuhui thought for a while and said: "The Da Laoshan Tunnel is a large-scale infrastructure project, and at present, our financial strength is still not able to bid independently. So, who do you think is the most powerful construction company in Hong Kong? ”

Chen Bin is a well-known real estate professional-level executive in Xiangjiang, and he is very proficient in the construction field, so he immediately said: "I heard that Gammon Construction, a subsidiary of Jardine Matheson, is interested in participating. ”

Lin Zuhui nodded, and said: "There are no infrastructure projects for New World Development, right?" ”

Chen Bin nodded and said, "No, like us, I want to enter but don't have a chance!" ”

Lin Zuhui knew in his heart, that is, he would unite with Zheng Yutong first, and then go to Jardine to discuss cooperation; At that time, Gammon Construction will definitely pull the two partners.

The reason is very simple, Golden Gate Construction does not have the strength to swallow it alone, and now that the new era and the new world are united, it is better to have one more ally than one more opponent.

"Okay, I'll take care of this project!"

Everyone nodded, this may be the first infrastructure project of the New Era Group, although it is only a shareholding, but it is beginning to develop.

Lin Zuhui's idea is that once the reform begins, he will set up New Era Infrastructure (Huaxia) to be responsible for investing in infrastructure in the mainland. Having a stable profit can also increase the influence, killing two birds with one stone.

Next, Lin Zuhui said: "I recently found a situation, 700 square feet ~ 800 square feet of residential units are becoming more and more popular, you should think about it, the group's next main unit can be a little bigger (before 500 ~ 600 square feet for the main unit type, there is no public share); Moreover, are we in this house type, how to design will make the public satisfied? Here, I will give you an opinion first, Hong Kong's small and medium-sized families rarely greet relatives and friends at home, and at the same time visit each other is not much, what are the festive banquets, are patronizing the restaurant tea room, so the living room is not necessarily large, extra dozens of feet, design a bathroom in the master room, is it more popular? ”

The middle-aged family came home from a hard day's work, and didn't want the couple to lie in bed and rest and talk while watching TV; The master room has a bathroom (toilet), which is a country of its own and even more convenient.

Chen Bin and the others nodded one after another, and said, "Okay, I'll organize people to investigate and study, and I'll give you the Fang Eucalyptus when it's time to do it!" ”

Lin Zuhui nodded, he generally makes suggestions, not immediately implemented, he needs a more professional team to prove his ideas, and then make a decision.

"The Legend of the Fairy Tree"

Next, Lin Zuhui said: "The stock trend of New Era Group is very good, so I plan to issue convertible bonds in November to raise 500 million!" Next, we will prepare a rights issue to raise 10% of the new shares, which I will subscribe for all (49.5%). Therefore, during this time, you should show investors more about our development and attract everyone to invest in us! ”

Liang Zhenxun hurriedly said: "Okay, we have been working hard in this regard, and I believe that investors are very optimistic about us!" After all, our company has the leadership of the boss, and has great achievements in predicting real estate trends, avoiding risks, etc.! ”

Before the stock market crash last year, New Era Group began to vigorously sell residential units three months in advance, and reduced its debt one month in advance, investors are not fools, and they can also see that this company is very effective in risk control.

What's more, this year's New Era Group's building area sales have risen from sixth last year, Meng, to third and fourth, which is obviously also a kind of control of the market.

It can be said that the construction efficiency of New Era Group is the highest in Hong Kong.

Henderson Land's Lee Shau Kee has publicly admitted this.

Lin Zuhui turned to Chen Xiaofen and asked, "How is the sales of Discovery Bay Phase 3?" ”

The strength of Heung Kong Development is not strong, and the third phase of Discovery Bay's sales planning was completed by two companies, New Era and New World.

Lin Zuhui is mainly concerned about the issue of repayment!

Chen Xiaofen reported: "It's 50% better than expected! ”

Lin Zuhui nodded, very satisfied with this effect, at the beginning of planning the sale, Lin Zuhui put forward his opinion, that is, let the media spread that the new airport may be released next year.

Anyway, it's just a 'rumor' and there is no responsibility, and many investors are different, they will consider the possibility of this investment! In the end, it turned out that a new airport was really likely to be introduced, and once a new airport was built there on Lantau Island, there would be a sea-crossing bridge and an undersea tunnel.

After transportation, is Discovery Bay still an isolated island?

Isn't it cost-effective to house in Discovery Bay Phase 3 at $580 per square foot?

You know, now the New Territories is already 1,200 yuan, and the urban area is more than 1,500 yuan, and Kowloon is also 1,400 yuan.

The Discovery Bay project does not need to pay any fees to the government (except taxes and fees), only construction costs, so the future profits are still very considerable.

......

Following.

Lin Zuhui walked out of the New World Development Company, suddenly thought of a small fortune project, and immediately walked towards Hengjin Investment.

Just now, Lin Zuhui and Zheng's father and son talked about the cooperation proposal of the Da Lao Shan Tunnel, and the two sides quickly passed the cooperation agreement; After all, neither company has the conditions to develop the T'Cao Shan Tunnel independently, and it is also a very good idea to join forces and cooperate with Gammon Construction.

And Gammon Construction belongs to Jardine Matheson, and it is bound to dare not invest too much, so the possibility of this tripartite cooperation is very high!

Returning to Hengjin Investment, Lin Zuhui began to find out a piece of information about 'Yongan Group' in the office. Because he seems to remember that after Cheng Kar-chun came to power, he launched a hostile takeover of Yongan Group. According to this memory, Lin Zuhui feels that if he buys some loose shares of Yongan Group now, he will definitely be able to make tens of millions.

Although there is not much money, Lin Zuhui estimates that he can make more than eighty percent of the profit (Yongan Group's shares are much lower than the net value), why not!

In Hengjin Investment Company, after reading the information, he asked the staff about the stock situation of Yongan Group, and Lin Zuhui almost didn't settle down.

Originally:

Yongan Group is the industry of the Guo family, a veteran family in Xiangjiang, and the Guo family has developed to the third generation, with dozens of third-generation members.

The character of these members is uneven, and there have been many scandals, such as: some members illegally borrowed more than 100 million debts from Yongan Bank, but as a result, people died, and it became a bad debt. There are also many members who have borrowed money from Yongan Bank in violation of regulations, in short, they treat the depositors' money as the family's money.

As a result, Wing On Bank was on the verge of collapse, and Hang Seng Bank bought a 51% stake in it and began to kick out the Guo family.

Of course, this is not the reason why Lin Zuhui is undecided.

Instead, Yongan Group (a listed company) controls Yongan Company (a listed company), and the property value of the two companies is as high as more than 5 billion yuan; This piece of fat is so big that Lin Zuhui, who likes 'hostile takeovers', almost wants to go out of the mountain again.

The properties owned by the two companies are: Wing On Centre (Central), Wing On Building (Central), Wing On Life Building, Wing On Plaza and the shopping mall of Nanyang Centre (Tsim Sha Tsui East).

The market value of Wing On Centre is worth HK$2.7 billion (600,000 sq ft, estimated at $4,500 per square foot), plus two medium-sized buildings in Central and two shopping malls in Tsim Sha Tsui East, worth about HK$5.5 billion.

The total share capital of Yongan Group is 181.5 million shares, the stock price is only 7 yuan, and the total market value is less than 1.3 billion yuan (5.5 billion property is not owned by a listed company in Yongji, including its subsidiary Yongan Company).

Lin Zuhui was thinking, as long as he controls Yongan Group, even if it is double the price, it is very cost-effective, after all, he will also give away a subsidiary-Yongan Company!

Yongan Group can earn hundreds of millions of dollars a year when collecting rent, why the market value is so low, the reason is in Yongan Department Store; Under the attack of supermarkets and Japanese department stores, Yongan Department Store bled and suffered serious losses; Not only that, Yongan Group also has Yongan Life Insurance, securities, and bank investment, all of which are big losers.

Some media use 'not doing better' to describe Yongan Group, because it is better to do less and lose less, and if you don't do it, you rely on rent, and it is better to deposit funds in the bank to earn interest, buy HSBC and Hongkong Land stocks, than to try to do everything and hit walls everywhere.

After analysis, Lin Zuhui felt that even if he went out of the mountain, it would be difficult to acquire Yongan Group.

Because the Guo family's business management group controls 41% of the shares, the board of directors Guo Jiakong has 2% of the shares, and the third generation of the Guo family, who has not entered the board of directors, should still control some shares.

Singapore Huayin Holdings' 25% stake, which is completely acceptable;

If the peripheral members of the Guo family sell the shares to themselves at a high price, it is not impossible, after all, the Guo family has some internal strife.

If he had 2 billion in cash, he could try it!

If it is successful, all the banks, insurance, securities, and department stores of the Yongan Group will be packaged and sold to the Guo family, so that they can inherit the ancestral business.

And he originally took a fancy to those high-quality properties, which were 900,000 square feet of rent-collecting properties in Central, and two shopping mall properties, which made people drool.

In the end, Lin Zuhui still held back!

This is difficult to succeed, second, I have no money, and third, I don't want to cause notoriety.

Calling Li Hao, Lin Zuhui said: "Close some blue chip stocks, buy Yongan Group stocks, don't buy too much, about three or four points, don't startle the snake, buy in batches!" ”

"Okay, I'll do it little by little by buying through stock swaps!"

"Well, sell it here, buy it here!"