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Chapter 173: A series of traps

Chapter 173: A series of traps (please subscribe)
"What the hell are you talking about? Buying Rizhao Port?" Chen Jue opened his mouth with an incredible look on his face.

This is the largest deep-water port for grain import and export in the country!

It is equivalent to the economic throat of the city of Rizhao. The controlling shareholders behind it are local leading enterprises and urban investment companies, and it can be considered a state-owned enterprise.

It is pure dreaming for ordinary private capital to buy such a state-owned port.

However, following the big-nosed profiteer's subsequent analysis, Chen Jue felt that there was a lot of room for maneuver here.

"Boss! Rizhao Port is a listed company in the A-share market, with more than 30 billion shares in circulation, but the largest shareholder, Rizhao Port Group, only holds 43.58% of the shares."

"As long as we plan ahead and secretly absorb the funds, we can buy all the shares circulating in the secondary market. Then, if we directly merge and hold more than 50% of the shares, we can take over the position of the largest shareholder of Rizhao Port!"

“If we consider the state-owned enterprise background, we are afraid of being taken advantage of by those river crabs. We can just invest for a seat on the board of directors and not participate in the operation of Rizhao Port. Everything will go on as usual and we can just wait for dividends.” The old businessman took out a research report he had checked in advance and began to analyze.

According to the data report of the MC profiteer's advance investigation, Rizhao Port is a seriously undervalued listed company in the A-share market.

The current stock price is more than 2 yuan, and the market value is only more than 90 billion yuan, but the annual revenue has reached an astonishing 75 billion yuan, and the profit is as much as 17 billion yuan!
The reason why the stock price is so low is that the stocks in the port sector belong to very old traditional industries, which cannot compare with securities, banks, semiconductor technology, and real estate, which have their own popularity and themes and are hot stocks where speculators' hot money flocks.

The share prices of many listed ports have even fallen below their net value and there may not be anyone willing to buy them.

Because once you buy it, you are basically trapped, just like the "20-year-old PetroChina" that was once famous in the capital market. The peak was on the day of listing, and the rest of the time it was a downward trend for decades.

There are many cases like this where listed state-owned enterprises were acquired by individuals at extremely low prices in the past.

Even a real estate giant like Vanke was once attacked by the Baoneng Group due to its low stock price, and the crisis was finally resolved with the entry of Shenzhen Metro Capital.

Of course, the reason why the old businessman encouraged Chen Jue to invest in Rizhao Port.

In addition to the fact that all soybean spot goods are currently unloaded and sold at Rizhao Port, there are several other considerations.

First, by controlling Rizhao Port and becoming the largest shareholder of Rizhao Port, there will be an opportunity to contact and cooperate with large domestic grain and oil groups such as COFCO and China National Grain and Oils Corporation.

With the current influence of Red Star Trade, if it rashly contacts these domestic giants, first of all, they are not equal in status, and they may not pay attention to it because they are in a high position.

But once Rizhao Port is taken over, the old businessman will be able to transform himself into a board member of a domestic listed company, and can use Rizhao Port as a springboard to contact and cooperate with these domestic grain and oil giants in a very reasonable way.

After all, most of the imported grain of COFCO and COFCO Corporation is processed on shore at Rizhao Port.

Once this relationship exists, it will be difficult for both parties to avoid contact!
After all, shorting US soybean futures is a big picture, and Red Star Trading cannot do it alone. It must bring in domestic grain and oil giants to cooperate in order to maximize profits.

As for the second point, it is about talent training. Once Chen Jue has sufficient funds to invest in the construction and development of the deep-water port in Rui County, with the basic operation of Rizhao Port, the manpower problem in port operations can be solved in advance.

Recruited personnel went to Rizhao Port for internship training, and even in the early days of the port opening, some bonuses and travel expenses were given to Rizhao Port's port staff to be sent to Rui County for technical assistance.

As the owner of the MC system, the current first-tier shipbuilding manufacturer in the country, buying a large port in advance will only benefit Chen Jue and not cause him any loss.

The trickster's tricks were a series of traps, one after another. Chen Jue couldn't help but give him a thumbs up: "That's a good idea! I'll do as you say!"

The big-nosed old businessman smiled flatteringly: "Okay, boss! I promise to complete the task!"

……

After finalizing the plan to increase holdings in Rizhao Port with his old businessman, Chen Jue finally sorted out a lot of ideas about the next step of shorting U.S. soybeans.

The next morning, he temporarily transferred the remaining 3 million yuan of capital in the futures account back to the account of Red Star Trading.

Including the 3 million, plus the continued accumulation from soybean sales over the past ten days, Red Star Trading’s domestic bank savings have reached more than 10 million.

For a large listed company, such a sum of money is almost pitifully small compared to the market capitalizations of A-share blue chips such as ICBC, Moutai, and CATL, which can easily reach tens of billions.

However, for a small stock like Rizhao Port, whose market value is less than 90 billion and whose daily trading volume in September was less than 9 million, this is a huge amount.

Of course, Chen Jue would not be stupid enough to use the 8 million yuan to directly buy shares in the secondary market, as that would quickly push up the stock price and benefit the institutions and hot money that are manipulating the market.

Instead, he used Lao Shang's large capital account at Bank of China Securities in China and leveraged the 3x leverage of margin trading that had been agreed upon in advance to leverage the 8 million yuan to a scale of 24 billion yuan.

This is a securities company based on Red Star Trading
By the time we got on the commercial vehicle and headed for the Sowa lumberyard, the domestic market opened at 9:15 a.m., and the A-share market was still green as usual. The index fell dozens of points at the opening, reaching 2700 points. The A-share investors who were watching the market in real time on the Tonghuashun app were blasting in the barrage: "What a damn battle to defend 3000 points! It fell directly below 2700 points! (Throwing the phone)"

“Experts said yesterday was the diamond bottom, so why bother buying? I think it has to fall to the embryonic bottom of 1800 points! (Cutting meat with a blunt knife)”

"Yesterday the price was raised to lure more investors in, but today it's completely gone (lie down)"

"Return the money! I don't want to play anymore!"

"Is this Big A? I think it's almost like a cancer (turn off the lights and eat noodles)"

Since the US dollar interest rate hike in 2015 and the A-share market crashed and entered a bear market, domestic A-share investors have been repeatedly reaped the benefits of years of decline.

Anyone who has invested in the stock market during the past 10 years has basically been stuck at the top of the mountain for several years.

Those who like to cut losses and adjust their positions are even worse off. They basically lose all their money and are confused by the A-share market.

Because several veteran experts who founded the A-share market have made videos and spoken out, domestic retail investors are contributing to the market.

If retail investors make money, how do institutions and market makers make money?
As a result, from the overall market to individual stocks, the market was green almost every day, and a bunch of securities companies flocked to the media all day long, shouting to defend the A-share market.

Small-cap stocks like Rizhao Port turned green during the bidding phase this morning, and dropped by more than 5 points.

The small retail investors who were holding onto their stocks were all worried: "It's all over, I bought in at 2.60 yesterday, and it will definitely hit the limit down today (crying loudly)"

"There are only a few thousand shares of bidding, the dealer is too lazy to even put on an act, this junk stock is completely gone (vomiting blood)"

“I’ve set a limit down price, and I hope the market maker will let me sell at a loss (lie flat)”

The stock review community was filled with grief, and the comments on the forums were all bearish.

Because that's how buying stocks works. Once there's a lack of topic popularity and capital inflows, the trapped stocks will be like a roller coaster, going down every day, with no bottom in sight!

等到9点30分正式开盘,日照港600017这只个股,果真像实时弹幕预测的那样,直接被100多万手绿色卖盘给按在了跌停的2.56元/股的价格上(大A市场规则:1手=100股)。

The buyers who turned red in the intraday range basically only had dozens or hundreds of lots, and it was rare to see lots exceeding a thousand. It was obvious that some retail investors who were unwilling to cut losses were charging money to cover their positions and buy at the bottom, intending to do T with the stock price fluctuations to reduce their holding cost price.

Of course, there are more than 100 stocks in the entire A-share market that hit the daily limit at the opening like today. More than 4000 stocks fell, and only more than 50 stocks turned positive and rose, and the daily limit was even rarer.

After all, retail investors are accustomed to the A-share market. They open the software at work and take a look, and when they see it is green, they no longer care.

However, what these small retail investors, including the institutions that are manipulating the market, never expected was that just ten minutes after the market opened.

Everyone thought that Rizhao Port was destined to hit the limit down today, and even a god couldn't save it.

A sudden super big hand, through the method of over-the-counter large-scale transactions, took up all 100 million lots of the limit-down in one go.

The huge bullish candle that shot up into the sky directly stunned the retail investors in Rizhao Port who were preparing to edit jokes in front of their mobile phone screens!

Even the intraday trading range stopped scrolling data at this moment.

Because there are no stocks available for trading on the market at this moment.

"F-F--! What just happened? (Black question mark)"

"More than a million hands are gone in a snap? (Looks confused)"

"Where did Wanshou come from? He is so powerful! (Whose general is this?)"

“Don’t sell! This junk stock is going to go up! (Ignite the charge)”

Today is the second update~ I calculated the total number of updates I owe in the evening. This month I’ve been quite busy at work and the situation is a bit special. I’ll make up for the total number of updates next month.



(End of this chapter)

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