Four hundred and thirteenth chapter ice and fire double heaven
Entering the new week, the Hong Kong stock market is in a state of both ice and fire. The East Asia Index continues to rise, the Hang Seng Index fluctuates repeatedly, while the Kowloon Index turns downward.
The main reason for this situation is that the constituent stocks of the Far East Exchange are mainly industries under the Tung Wah Association. These companies pursue an outbound strategy. Although the real estate industry in Xiangjiang is in recession and many fixed assets have depreciated, they have gained gains in the external market.
A very good profit was achieved, and with the support of securities institutions such as Xinjian Investment, the stock price soared.
These days, the stock prices of most companies have increased by more than 50%, and Lane Crawford has increased by nearly 100%. Its current market value has reached HK$57.3 billion.
Huihong Group firmly occupies the first position with 184.6 billion Hong Kong dollars. Even though HSBC has been relatively impressive in recent days, it is still nearly 70 billion Hong Kong dollars away from Huihong Group.
The market values of real estate groups such as Tung Wah Club's Hutchison Real Estate, Kowloon Construction, Chinese Real Estate, and Guanghua Construction have also increased significantly. In particular, Hutchison Real Estate has made huge profits from its high-end villa projects in Taipei a few years ago.
It was so rich that the stock price seemed to have an engine installed, breaking through the 40 billion Hong Kong dollar mark in a short period of time, an increase of more than 60%.
Jiayi Group is also striving for success, especially since the two major sports leagues in Asia started operations last year. The influence of Jiayi Sports Channel has continued to soar, and advertising fees have also increased.
Coupled with Jiayi's film profits last year, Jiayi Group also made a turnaround. Its market value exceeded 8 billion Hong Kong dollars, making it the second-largest group after Lane Crawford this time. At the same time, it was temporarily outclassed by Taota Group.
The embarrassing situation of market capitalization catching up.
As for the repeated fluctuations of the Hang Seng Index, the main reason is that the constituent stocks there are mainly banks and real estate. The leading banks include HSBC, Standard Chartered, Hang Seng, etc., and their profits were not greatly affected last year.
Although the stock price has not risen as much as that of banks such as Xin Jian, East Asia, Dao Heng, and Wing On, the stock price has also been rising rapidly in the past few days.
The real estate side is completely different. Whether it is Jardine Land or Swire Properties, or even Shun Tak, Hexin, Cheung Kong, Hang Lung, etc., last year they were mainly in the Xiangjiang market. As a result, these annual financial statement data were quite unsatisfactory, and the stock prices naturally also declined.
The fate of diving cannot be avoided.
The worst thing this time is the Kowloon Exchange, whose constituent stocks are mainly real estate and shipping. The real estate companies are similar to those on the United Exchange. They basically stick to the Hong Kong market, and their profits are far lower than market expectations.
Shipping is no better than real estate. The global shipping winter has arrived. On one side are rising transportation costs and on the other side are declining orders. These shipping groups are now facing a choice between life and death.
Especially those shipping companies that are blindly expanding, high debts, cold markets, and declining market value, because of the huge mountains weighing on the hearts of the leaders of these companies.
This cold winter has also affected Huangpu Shipping Group. Even though the group has reduced its fleet on a large scale and has the support of Donghua Association, which is enough to meet the current fleet business needs, it is still affected by this cold market.
Especially at present, the major subsidiaries of Huangpu Shipping Group, whether it is shipyard construction, port construction, or even terminal warehousing construction, only have inputs but no output.
Facing such a market situation now, Huangpu Shipping has become the only company among the listed companies of the Xinjian Group and even the Tung Wah Club to see a decline in market value in the past few days.
Regardless of whether the directors of major listed companies are happy or sad these days, as the market closed on Friday afternoon, the trading hours of the Hong Kong stock market in 1981 of the lunar calendar officially ended.
Tomorrow is the 29th day of the twelfth lunar month, and the day after tomorrow is New Year’s Eve. Because New Year’s Eve falls on a Sunday, the holiday in Hong Kong will be four days, and the opening of the Hong Kong Exchange will be next Thursday.
The Hong Kong Tung Wah Association's corporate holidays will still be from the 30th day of the twelfth lunar month to the seventh day of the first lunar month, and they will not go to work until the eighth day of the lunar month. However, employees of major securities departments obviously cannot enjoy such a long holiday, especially during this special period.
To this end, on Friday afternoon, Li Jianhui and Guan Jiahui went to the Xinjian Investment Department to send New Year red envelopes to these employees in advance.
Tomorrow, these people will have an early holiday, allowing them to spend one more day with their families to spend the Spring Festival with their families than employees of other companies in Hong Kong.
Listening to everyone thanking each other, Li Jianhui said with a smile: "I should thank you. If it weren't for your hard work, I wouldn't be where I am today.
Because your work is no different than other jobs, and the stock market is not closed, you cannot all take a break.
Especially when there are important actions, you are not allowed to take leave except for special circumstances, so you have much less time to spend with your family during the Spring Festival than the staff of your brother companies.
But please rest assured that your vacation will not be lost because of this, and it will be replaced after this operation is over."
The people present were very happy to hear this. If we follow the Xiangjiang holidays, in addition to one day off per week, the Spring Festival holiday will only be three days from the first to the third day of the lunar month.
That is to say, Li Jianhui set a precedent. The Spring Festival goes directly from New Year's Eve to the seventh day of the first lunar month, with a total of eight days off. Because special positions need to be on duty, the salary from New Year's Eve to the third day of the Lunar New Year is tripled, and the fourth to the seventh day of the Lunar New Year is double salary. Later, the entire Hong Kong
Tung Wah Hui Enterprises also implements such a holiday, which makes employees of Tung Wah Hui Enterprises the envy of countless corporate employees during the Spring Festival.
After coming to Pang Yi's office, Li Jianhui listened to some of Pang Yi's post-holiday arrangements. At present, Pang Yi and others have no plans to stop promotion.
They plan to increase the stock price of Tung Wah Hui's listed companies by at least 50%, and then slowly leave the market, with the stock price falling at least no lower than today's closing price.
Thinking about the complexity of this year's situation, Li Jianhui said: "I agree with the current estimate, but you must be clear about the current situation. A black swan may occur at any time. Once this happens, you do not need to rush.
Protect the plate.
Our Tung Wah Association's industries are not like some companies in Hong Kong. Their liabilities are not very high. There is no need to worry that the market value is too low, which may lead to insolvency.
At the same time, taking advantage of this round of good news, Phoenix Group, Jinhong Jewelry, Jiayi Culture Media Group, Jingyi Electrical Appliance Group, Yiguo Electrical Appliance Chain Company, Xiangjiang Airlines, Xinyang Clothing, Hongyu Clothing, and Xinhui Hotel will
Listed on the Far East Exchange one after another.
You can join forces with Xinjian Bank, Xinhui Investment Company, Bank of East Asia, Daoheng Bank, and Wing On Bank to make a reasonable valuation."
Pang Yi did not expect that Li Jianhui would let so many companies go public this time. Except for Xinyang Clothing and Xinhui Hotel, which had little to do with Li Jianhui, they were all Li Jianhui's sole proprietorships or holding companies.
It seems that the rumor that his boss is short of money is not groundless, otherwise he would not have allocated funds from major companies this time, let alone listed so many companies at once.
I just don’t know what big moves his big boss will make in the new year. Pang Yi doesn’t believe that Li Jianhui allowed a large amount of money to depreciate in his account.