Reborn Xiangjiang as a Tycoon

Chapter 556: Cutting leeks, capital cannot be trusted (two-in-one)

"The company that created miracles has a market value of US$4 billion two years after its founding!" - The Wall Street Journal.

"Galaxy Games surged 27.19% on its first day of listing, with its market value exceeding US$4 billion!" - The Washington Post.

"The Far East capitalist you don't know - Lin Baicheng, with assets of nearly 10 billion US dollars!" - New York Times.

"The Far East Capitalist and the Companies in His Name!" - Los Angeles Times.

…………

On the second day after Galaxy Games went public, a large number of media in the United States reported on Galaxy Games and its chairman, Lin Baicheng.

Through media reports, a large number of American people got to know Lin Baicheng, a young man from Xiangjiang in the Far East, and people realized that such a young rich man had come out of the Far East, which most people looked down upon.

Hutchison Whampoa, a company with a market value of nearly 10 billion US dollars, is only slightly understood by people. After all, this company is based in Hong Kong and has no business in the United States.

But Galaxy Games, which has just been listed on Nasdaq, is different. Although this company is also headquartered in Xiangjiang, the arcade games developed by the company can be seen in many places in the United States, right around people.

After reading this, ordinary people will just sigh that this Galaxy Game Company is really making money and the games it develops are so fun.

But in the eyes of some special people, the information reported in these reports can make money.

For game companies, seeing that it only took about two years for Galaxy Game Company to go public from its establishment to its listing, but its market value is as high as 4 billion US dollars, it is impossible to say that it is not exciting.

Therefore, many game companies have begun planning to enter the arcade industry.

In addition, Galaxy Games has entered the eyes of more Wall Street capital, and high-profile stocks often mean more operability. Whether it is long or short, there is the possibility of making money with capital participation.

More importantly, Lin Baicheng has begun to come into the eyes of many people. After all, his net worth is approximately US$7 billion, not to mention that there are many assets that have not been calculated, and his assets will only be even more.

Some people may want to benefit from Lin Baicheng, some may want to cooperate with him, and there are various possibilities.

But no matter what, after Galaxy Games went public, Lin Baicheng's reputation in the United States suddenly became more famous, and he was no longer the unknown person he was before.

There are great benefits to being famous. The company under your name is more attractive to talents. People know that they are working for him, a rich man, and they don't worry that the company will go bankrupt easily.

Of course, there are also disadvantages to being famous. After all, Lin Baicheng is not an American, or even a white man, but comes from Xiangjiang in the Far East. There will definitely be people in the United States who want to benefit from him. This is inevitable. It mainly depends on how Lin Baicheng handles it.

Lin Baicheng had considered this. In addition to spending money to eliminate disasters, soldiers came to cover up the water and soil.

Lin Baicheng knows very well that he cannot achieve great success in the United States, and Wall Street capital and the White House cannot allow him to acquire wealth in the United States.

Therefore, Lin Baicheng’s idea is that technology will slowly be transferred to Hong Kong, and wealth will be transferred as much as possible after making money. It is not impossible to have companies in the United States, but the transfer must be more than the investment. In this way, even if the White House or Wall Street wants to

When dealing with him, his losses are limited and within the tolerance range.

Although the United States will be the world's largest market for a long time, it is not advisable to put all assets in the United States. There are still three holes in the cunning rabbit, let alone a reborn person like Lin Baicheng who knows what to do.

Because Galaxy Games only went public yesterday, Lin Baicheng continues to pay attention to changes in the company's stock price.

This morning, the stock price of Galaxy Games fluctuated and rose. Although it was not a rapid rise, it was also going very steadily, and there was a strong willingness to go long.

As of the morning's close, Galaxy Games' stock price stood at $21 and closed at $21.03, up 3.34% in early trading.

Lin Baicheng didn't think anything about the rise in Galaxy Games' stock price in early trading. After all, it was neither a big rise nor a big fall. It was a normal trend.

However, just at noon, Haruko Maori suddenly called him and told him that some Wall Street institutions, including Goldman Sachs, had released research reports on Galaxy Games.

""An underestimated giant with high performance growth-Galaxy Games!"

"Galaxy Game Company was founded in 1977. It began to develop its first arcade game in July of this year. Its revenue that year was US$280 million and its net profit was as high as US$150 million. In 1978, the company once again achieved great success, and the games it developed were among the best in the world.

Sold everywhere

, that year’s revenue was US$620 million and net profit was US$300 million. In 1979, by the end of the third quarter, the company’s revenue was US$640 million and its profit was US$310 million. The fourth quarter was the best-selling quarter in the game industry, and the profit for the whole year is expected to be high.

At $400 million.”

"It can be seen from the performance of Galaxy Games Company in the past two years that the company's performance has maintained stable growth and its net profit is relatively high. It is a giant in the gaming industry."

"With the company going public and more than 600 million US dollars of funds raised being invested in the company's operations and development, the company will definitely be able to maintain its leading position and expand and grow."

"We can see that the company's arcade games are sold to countries all over the world. It is a global enterprise. The company's performance will not be greatly affected by changes in a certain market, and it has strong stability."

"company……"

"..."

"Investment advice: We predict that Galaxy Games will maintain stable revenue and profit growth in the next few years. The net profit from 1980 to 1982 will be 500 million/650 million/800 million US dollars, compared with the current price-earnings ratio of 8 times/

6.2x/5x, the company is seriously undervalued, with a 'strongly recommended AAA' rating and a target price of $50."

"Risk warning: The games developed by the company are lower than market expectations, arcade production costs increase, competition intensifies, etc."

After Lin Baicheng learned about this from Haruko Maori, he asked Catherine to collect relevant research reports and show them to him. He specifically read the research reports from Goldman Sachs.

After roughly reading the research reports of all the institutions, Lin Baicheng found that many of the words he said when raising funds were copied by these institutions. At the same time, those research reports also exaggerated his words, and each of them was even more exaggerated than he was.

It's totally deceiving people.

The recommended ratings for Galaxy Games by various institutions are either AAA or AA, and the ratings are extremely high. Needless to say, the target price is around US$50, and the highest target price in one research report is US$60.

Based on Galaxy Games’ total share capital of 200 million shares, the highest target price of US$60 is equivalent to the company’s total market value of US$12 billion.

Although Lin Baicheng also believes that Galaxy Games' current market value of US$4 billion is underestimated, he does not believe that the company's current market value can reach as high as US$12 billion, or even US$10 billion.

"This is really eating people without spitting out their bones."

Looking at the research reports from multiple institutions, Lin Baicheng couldn't tell that Goldman Sachs and those institutions had joined forces to drive up the stock price of Galaxy Games, so that after the six-month sales restriction period passed, Goldman Sachs and other institutions could sell at a high price.

Sell ​​your stocks and make a fortune.

As for the losses of those investors who were deceived, and whether the stock price of Galaxy Games will eventually become a piece of cake, that is not considered by Goldman Sachs and other institutions.

Of course, Goldman Sachs and other institutions are not afraid of damaging their reputation if they dare to do this, because they have already marked the risk warning. If the stock price of Galaxy Games does not meet expectations, Goldman Sachs and other institutions can completely use the risk as an excuse and push it forward.

Of course, it is no harm to Lin Baicheng that Goldman Sachs and other institutions are raising the stock price. If the price-to-earning ratio of the stock price is very high after the six-month lock-up period, Lin Baicheng can also reduce his holdings of the stock and sell the stock at a high price.

Galaxy Games is listed on the Nasdaq. Even if it is cutting off the shareholders, it is also cutting off the Americans. Lin Baicheng will not care about it. Instead, he will just follow it and make a fortune.

However, there are benefits, but it does not mean that Lin Baicheng has to act stupid.

After reading the research reports of various institutions, Lin Baicheng contacted Wade Thomas of Goldman Sachs and inquired about the research reports of various institutions on Galaxy Games.

"Alan, we, Goldman Sachs, sponsored the listing of Galaxy Games. Goldman Sachs is obligated to maintain the stock price of Galaxy Games. So, Alan, if you have another company to be listed in the United States in the future, you are right to contact us at Goldman Sachs."

Wade Thomas said this to Lin Baicheng, avoiding the important and focusing on the light, emphasizing the advantages of Goldman Sachs.

Lin Baicheng didn't believe what Wade Thomas said at all. He immediately said: "Thomas, I won't beat you around the bush anymore. Did your Goldman Sachs team up with some institutions to do the multi-Galaxy game? Looking at the research reports you published, every one of them

Galaxy Games is almost praised to the sky, and the target price is even above $50, which is three times the issue price."

"Alan, the company's stock price has risen, which is not a bad thing for you, is it?"

Seeing that Lin Baicheng made it so clear, Wade Thomas had no choice but to be clear about what he said.

"That's right."

Lin Baicheng nodded slightly, and then said: "But I have not forgotten the contract we signed for the financing before the company went public. After the six-month sales restriction period has passed, you, Goldman Sachs and other institutions have the right to sell the stocks before me. I have to spend a month

It’s time for you to sell your stocks first.”

"Now you are driving up the company's stock price, and you will start selling after the lock-up period is over. At that time, the company's stock price was hit by you at a high level. How can I reduce my holdings of the stocks then?"

"You cash out at a high position and let me stand guard. This is not what partners should do."

"Alan, you work so well with us at Goldman Sachs, how could we cheat you?"

Wade Thomas immediately retorted, and then said: "Don't worry, even after the sales restriction period has passed, we will not drop the stock price all at once. That would be of no benefit to anyone, so you don't have to worry about the stock price then.

There was too much retracement of the decline.”

Lin Baicheng shook his head: "Thomas, I think we need to modify the contract. When the sales restriction period is up, I will be able to sell the stocks at any time without giving you a month to sell the stocks first."

Wade Thomas immediately said: "Allen, we signed a contract, you can't go back on it."

"I have no intention of violating the contract, but you should know that as the chairman of the company, when the company's stock price fluctuates greatly, I have an obligation to remind shareholders of the risks."

Lin Baicheng's words almost made it clear that as the chairman of Galaxy Games, it might be a little troublesome for him to increase the company's stock price, but it is not easy to suppress the stock price.

Not to mention anything else, many of the company's best-selling games are developed by Lin Baicheng. As long as he says to the outside world that he has something to do and has no time to develop games, it will inevitably have a major impact on the company's stock price. The stock price will not fall.

ghost.

"Alan, I will report this matter to the president and give you an answer as soon as possible."

Wade Thomas thought for a while and said, in fact, he knew very well that this matter could not be circumvented by Lin Baicheng. If Lin Baicheng didn't find out, forget it. Now that he discovered that Goldman Sachs and other institutions were doing long, he must give Lin Baicheng benefits. Now

Just agreeing to sell the stocks with Lin Baicheng when the time comes is already pretty good.

"Then I will wait for your good news."

Lin Baicheng nodded and then did not talk to Wade Thomas any more.

Goldman Sachs' action of leaving Lin Baicheng aside this time made Lin Baicheng more certain that even Goldman Sachs, a partner, may turn against him at any time as long as the interests are large enough, let alone other capitals on Wall Street.

Therefore, Lin Baicheng must be more cautious and more cautious.

Goldman Sachs and other institutions still have a great influence in the U.S. financial industry. Many institutions are bullish on Galaxy Games and believe that Galaxy Games' stock price is seriously undervalued. Therefore, they have attracted a lot of funds to be long on Galaxy Games.

In the afternoon, Galaxy Games' stock price surged again by 7.52%, closing at US$22.56. It rose by 10.86% throughout the day, and the company's total market value was approximately US$4.5 billion.

In the morning, the company's stock price only rose 3.34%. In the afternoon, after the release of research reports from Goldman Sachs and other institutions, the stock price rose again by 7.52%, which shows the influence of Goldman Sachs and other institutions.

The next day was the last trading day in October. Galaxy Games' stock price continued its rise in the previous two days, rising 3.5% today to a closing price of $23.35.

For three consecutive trading days, Galaxy Games' stock price has been rising. Based on the issue price of US$16 on the day of listing, the company's stock price has risen by about 45.94% in three days, which is almost half of the increase.

Lin Baicheng must be happy when the company's stock price rises. After all, his net worth rises as the company's stock price rises.

After paying attention to the stock price of Galaxy Games for a few days, Lin Baicheng decided not to pay attention to it all the time. He told Bill Harveys to just keep an eye on it and let him know if there was a huge fluctuation in the stock price. He would wait until the sales restriction period passed for the rest.

With Goldman Sachs and other institutions doing long positions, Lin Baicheng believes that even if the company's stock price will adjust before the half-year sales restriction period, it will be a short-term band adjustment. The overall trend will be fluctuating and rising. He does not have to worry about the company's stock price falling sharply.

.

Lin Baicheng, who decided not to pay attention to the stock price of Galaxy Games, did not leave the United States immediately, or even left New York for Los Angeles. He did not have nothing to do in New York.

There has been a lot of money being operated at the Golden Fleece Company recently. Since he has time, Lin Baicheng must keep an eye on it personally. Even if Maori Haruko is here, he has to ask questions from time to time to let the people below know that he is paying attention to this matter.

In this way, people below will not dare to mess around.

(End of chapter)