Reborn as a Hong Kong Tycoon

Chapter 257
Wednesday morning, the stock exchange.

Affected by Hutchison Whampoa's positive announcement yesterday, Hutchison Whampoa's share price rose to HK$65.4 at the opening of the market today.Although it has only increased by about 10%, the current market value of Hutchison Whampoa is more than 200 billion Hong Kong dollars, and a 10% increase is more than two billion Hong Kong dollars, which is already quite high.

After the market opened, although the stock price of Hutchison Whampoa did not rise in a 70-degree straight line, it continued to rise and broke through the price of 300 Hong Kong dollars half an hour later.At this time, the market value of Hutchison Whampoa is getting closer and closer to billion Hong Kong dollars.

After the stock price broke through 70 Hong Kong dollars, the stock price of Hutchison Whampoa accelerated its rise. In less than 10 minutes, it was close to 75 Hong Kong dollars.

Hutchison Whampoa has a total of 4 million shares. If the stock price reaches HK$75, the market value of Hutchison Whampoa will reach HK$300 billion.With such a high market value, Xiangjiang is definitely a giant in today's Xiangjiang, and even HSBC is a head shorter.

"It's broken! It's broken!" "The market value has broken through 300 billion Hong Kong dollars!" "Rise! Continue to rise!" "80 Hong Kong dollars, the next target price is 80 Hong Kong dollars!" "Haha, I knew it would go up so much!" .
The stock price of Hutchison Whampoa soon broke through 75 Hong Kong dollars, and many shareholders who held Hutchison Whampoa shares on the exchange cheered, because everyone made a lot of money.

"Impossible!" "How could this be?" "This is just a phased adjustment, and it will rise to a higher level in the future!" "It will definitely rise!" "Don't fall, don't fall!" "You rebounded ah!".
Heaven and hell are often between one thought.

After the stock price of Hutchison Whampoa broke through 75 Hong Kong dollars, it suddenly jumped from the price of 75.8 Hong Kong dollars to the price of 73.1, which directly fell by about 3.5%. dare to believe.

Many people comforted themselves that this was just an adjustment, but in less than 5 minutes, the stock price fell below 60 Hong Kong dollars again, and the falling speed was faster than the previous rising speed.

When the stock price fell below yesterday's closing price, many people couldn't believe it. It is really incredible that Hutchison Whampoa's stock price did not rise but fell after releasing such great benefits.

The reason is actually very simple. There is a saying that it is called to take advantage of the good to ship, and to cash in the good.

When Hutchison Whampoa announced a good news last time, the stock price was still 22.5 Hong Kong dollars, and then it skyrocketed to nearly 60 Hong Kong dollars. In the morning, it rushed to as much as 75.8 Hong Kong dollars, which is equivalent to a nearly 3.4 times increase in the stock price, and an increase of about 2.37 times.

Take the 100 million HKD stock held by Deng Lijun as an example. Her cost price is a little more than 21 HKD, so let’s consider her cost price as 22.5 HKD.The stock, which was originally worth only 100 million Hong Kong dollars, became more than 75 million Hong Kong dollars after the stock price reached 330 Hong Kong dollars, and less than ten days have passed.

With such a large increase in such a short period of time, Hutchison Whampoa's stock price already has a lot of hype in it.The stocks that are speculated are often based on an expectation. When the expectation is fulfilled, there is no more room for imagination, and the stock price will naturally collapse.

You know, Hutchison Whampoa was only about 7 Hong Kong dollars before the acquisition by Lin Baicheng, and the highest has increased tenfold. However, the difference brought about by Lin Baicheng's ownership of Hutchison Whampoa is now only 18 billion Hong Kong dollars in profits.

Although earning 18 billion Hong Kong dollars is a lot, it is not enough for a company with a market value of nearly 30 billion Hong Kong dollars to skyrocket to 300 billion Hong Kong dollars.After all, this is non-operating investment profit, not the company's operating income, so it can make so much money every year.

Therefore, the stock price of Hutchison Whampoa has long been somewhat inflated, and the previous fluctuation between HK$20 and HK$25 is the best proof.

This time the adjustment is very strong and the speed is quite fast. It is obvious that there are large funds in the shipment, so the stock price can be killed so quickly.

When the stock price of Hutchison Whampoa approached the price of 50 Hong Kong dollars, the rate of decline slowed down, and finally rebounded quickly after falling below the price of 50 Hong Kong dollars, and then fell back after rushing to the price of 55 Hong Kong dollars.

After that, the stock price of Hutchison Whampoa fluctuated between HK$50 and HK$55, and stopped falling temporarily in the short term.

Until the close of trading in the morning, Hutchison Whampoa's stock price did not change much, and it has been fluctuating between HK$50 and HK$55. It closed at HK$52.18 in early trading, a drop of as much as 12%.

After major positive announcements, the stock price not only did not rise, but dropped by more than a dozen points, which made many investors who still hold shares want to vomit blood.

However, if it is a stockholder who decides to hold it for a long time, the short-term rise and fall of the stock price has nothing to do with them.

In the afternoon, the stock price of Hutchison Whampoa continued to fluctuate, unable to rise or fall.

Lin Baicheng went to the Peninsula Hotel in the afternoon. He and Bao Yu had just made an appointment to come here for afternoon tea.

Bao Yugang expressed his apology to Lin Baicheng, and now he can only give up the matter of asking Lin Baicheng to help buy Wharf stock, so that Lin Baicheng will not be able to make a fortune, and even mobilize funds to help him, Bao Yugang will naturally apologize .

It was helpless to say that after Lin Baicheng announced the acquisition of Wharf's stock, Jardine immediately followed up. Originally, as long as it waited for a while, the stock price would naturally fall to Lin Baicheng's buying price.

However, as the price of gold suddenly soared, Hutchison Whampoa released positive news, and the company's stock price soared. Shareholders had greater expectations for Lin Baicheng's acquisition of Wharf. They expected Lin Baicheng to successfully acquire Wharf, and then the market value of Wharf also increased. Breaking through tens of billions of Hong Kong dollars.

The result of this is that Wharf's stock price keeps rising, standing firmly above 40 Hong Kong dollars, and Lin Baicheng can't buy stocks at 30 Hong Kong dollars at all.

Bao Yugang has already raised funds these days, and he is going to buy the shares of Wharf in person, so Lin Baicheng's help is not needed.

"Bao Sheng doesn't need to apologize, it's too polite."

Lin Baicheng waved his hand and said jokingly: "As long as Baosheng doesn't mind holding the stock I bought at the beginning, after Baosheng starts buying, he can make a little profit at the high stock price."

"That's the stock you bought, Lin Sheng. How can I say I don't mind?"

Bao Yugang immediately said that he kept Lin Baicheng busy for nothing, and he definitely couldn't let Lin Baicheng sell the few stocks in his hand to him at a low price, and he was still short of that little money.

Lin Baicheng held up his teacup and signaled: "Then I'm here to wish you a successful acquisition, Baosheng!"

"Thank you!"

Bao Yugang smiled confidently, this time he borrowed a lot of funds, and planned to buy a sufficient number of stocks at a high price at one time, so as not to give Jardine a chance to resist.

Although the price of doing so is not small, he will acquire Wharf at a very high price, but this is an important retreat for him to abandon the ship and land when he is not optimistic about the future development of the shipping industry, as long as the price does not exceed his heart Bottom line it's worth it.

(End of this chapter)