Hong Kong 1980: The Savage Era

Chapter 4 004 [First Business] (Please collect)
Wednesday, May 9

On the 16th, the Carrian Company announced that the Baishunning Group would acquire the Golden Gate Building for 16.8 billion yuan. Today's newspapers are all praising the Carrian Company crazily.

Ming Pao's headline is "The Midas Touch: Chen Songqing, the owner of the Carrian Company!"

Oriental Daily News put up a banner titled 'The real estate industry's superstar is rising!'

Luo Qihong looked at the flattery in the newspaper with a smile on his face. With this level of publicity, investors would surely think that Jianing's stock was a super potential stock and would buy in desperately. A skyrocketing stock price was foreseeable. He felt that a rise to 15.4 yuan was just a small matter.

On that day, the share price of Jianing Company rose from 9.1 yuan at the beginning to 10.3 yuan in an instant. The increase was so amazing that some people even predicted that it could rise to 12 yuan per share before the market closed.

Luo Qihong came to the stock trading hall of HSBC and looked at the chalk numbers on the blackboard that kept changing. He felt excited. This meant that money kept jumping into his pocket. If his wish came true, he would make nearly 8% profit.

Although the principal of 5900 yuan is not much, an 8% increase is only 4665 yuan. After deducting some stamp duties and so on, the funds that can be recovered are only more than 1 yuan.

This is a good start, but it will take time for the water from the Yangtze River to converge into a large lake.

"At this rate, it will rise to 15.4 yuan next week, and I can sell it now." Luo Qihong muttered to himself.

He only had 14 lots of stock, totaling 700 shares. Even if the price reached its peak, such a small amount could be sold out all at once, and there was no need to worry about whether the stock price could be maintained.

After standing in the trading hall for a while, Luo Qihong left and took the tram back to the agency in North Point.

He asked Lin Luoqi for leave.

Although there are only two of them in the agency, the rules must still be followed, and Luo Qihong must have the right position and mentality as a "worker".

Luo Qihong does not have the same background as Lin Luoqi, so he can only work harder and earn more money. Therefore, he turned his attention to people who rent houses and the leasing and selling of industrial buildings. As for renting a house, the commission is a little less, but it can make Luo Qihong's current life worry-free.

Lin Luoqi looked down on the rental commission, so he promised his commission to Luo Qihong, and the commission for the industrial building was still 20%.

The house rental agency business is surprisingly good, which may be due to the booming economy of Hong Kong. With a large influx of population, the demand for housing has naturally increased.

Luo Qihong earned 3 yuan in commission in just three days. If he lives frugally, he could basically cover his food needs for the month. If he could earn two more days, he could even earn enough to cover a month's ferry fees.

In-house agency
Lin Luoqi smiled and said, "It may seem easy to be a rental agent, but it's actually very hard work. You may not be able to do as much as I do in one house transaction in a month. You might as well take a good rest or look for customers with this little time."

What Lin Luoqi said makes some sense, but it depends on the person. Luo Qihong is a newcomer in the industry. If he wants to build a network of personal relationships and accumulate experience, he can only resort to this last resort.

The key point is that Luo Qihong is short of money. He needs more capital and uses his "prophecy" to make his first pot of gold from the stock market.

Of course, it is impossible to tell Lin Luoqi the truth. Everyone has his or her own secrets.

"Alas!" Luo Qihong sighed and said, "I am very short of money now. I have invested all my money in the stock market. Now I have less than 500 yuan on me."

Lin Luoqi was slightly stunned. He didn't expect Luo Qihong to be speculating in stocks. In his impression, Luo Qihong was an "honest man". However, thinking of Luo Qihong's recent performance, he suddenly felt relieved. People will change. Luo Qihong must have suffered a major change. When it comes to stocks, Lin Luoqi has a lot of insights, and he thinks he is better than Luo Qihong. He asked, "Which stocks have you bought now?"

Luo Qihong smiled bitterly and said, "I only have a few thousand dollars, and I only bought 14 lots of Jianing Company's stock."

Lin Luoqi touched his prickly chin, thought for a while, and responded, "Jianing Company does have great potential. You have made 6.8 million yuan by reselling the Golden Gate Building you own. Investors will definitely rush to buy Jianing Company's shares. You have made a fortune. Do you plan to hold it for a long time or sell it at a high price?"

“Sell it off after a while.”

"Which stocks do you plan to buy next? Do you want me to introduce you to a few?" Lin Luoqi laughed. He really liked being a senior. That sense of pride made him very happy.

"Okay! I just don't know which stock to buy." Luo Qihong would of course not refuse. Not to mention that Lin Luoqi was kind-hearted, his status as a boss did not allow him to refuse.

"I think that the two stocks of Eagle Properties and Hang Lung will be good. Eagle Properties is a rising star. It used to be engaged in industrial building development, but now it has switched to residential building development and has a bright future. Hang Lung suffered heavy losses in the stock market crash and the real estate slump in 73, but is now gradually recovering. In addition, it has a good relationship with the Hong Kong government and has won highly profitable projects such as the Kowloon Bay MTR station." Lin Luoqi analyzed to Luo Qihong, and the brilliance flashing in his eyes was more dazzling than that in real estate. It was obvious that Lin Luoqi was more interested in the stock market.

Lin Luoqi's analysis coincides with Luo Qihong's plan. These two stocks are indeed in his notebook, but he still needs to consider when to buy them.

"Okay, I'll learn about these two stocks later and buy them after the funds are recovered." Luo Qihong said with a smile.

Lin Luoqi continued to chatter about his experiences and analysis on the stock market, as if he had opened a chatterbox.

Luo Qihong could only reply with gritted teeth, but he also used his knowledge from his previous life to continue with some of the topics, which made Lin Luoqi's eyes light up.

Soon, a customer came into the store. He was a fat middle-aged man with ordinary clothes. He should be a lower-class citizen.

"Excuse me, sir, are you renting or buying a house?" Luo Qihong hurriedly came forward and asked with a smile.

The uncle looked at the decoration facilities and did not immediately answer Luo Qihong's question.

Luo Qihong immediately changed his tone, "Sir, how big a house do you need? Old houses are very cheap now. They will appreciate to 500 yuan per square foot in a while. If you want to buy one, you'd better do it as soon as possible. The price is different every day."

Judging from this behavior, it is unlikely that they are renting a house. Luo Qihong has come into contact with many Hong Kong customers and has some experience.

People who rent a house are generally not so arrogant. They will directly state their needs as soon as they enter the door instead of looking at the decoration.

Hearing this, the uncle nodded and agreed with Luo Qihong's question, "432 yuan, a bit expensive, can it be cheaper?"

Luo Qihong walked up to the uncle, handed him a cup of tea, and explained with a smile, "Sir, have a cup of tea first. The price of 432 yuan per square foot was not set by me, but by the owner. In fact, it is unlikely to drop the price. The current housing prices are only rising and not falling. I think the price here is not higher than that of other stores."

Nowadays, one house is sold by multiple agencies, so of course the price is the same. It is not easy to take advantage of the situation (raising the price without telling the owner to make money), after all, problems will arise once the contract is signed.

The uncle lowered his head and began to think. Luo Qihong did not interrupt him. In fact, he could use words to interfere with the uncle, but he did not want to do so. It was not because he was morally noble, but because if he did not buy it now, he would not be able to afford it in the future.

(End of this chapter)