Chapter four hundred and ninety second less than expected
There was a lot of bickering at the summit, and the Hong Kong stock market was also shaken by the mid-year financial reports of major listed companies.
In particular, the performance of the East Asia Index and Hang Seng Index exceeded the expectations of many investors.
I thought that the East Asia Index would surely rise sharply with the release of mid-year financial reports of blue chip stocks, but the Hang Seng Index would still be volatile due to the impact of the market conditions in the past two years.
The result was exactly the opposite. The Hang Seng Index rose by 2.3% on the 15th and closed up by 3.6% on the morning of the 16th due to the good news. However, the East Asia Index fluctuated endlessly, with neither an expected sharp rise nor a sharp drop.
The main reason for this situation is that the mid-year financial reports of leading stocks Huihong Group, Lane Crawford, Watsons, IKEA convenience stores, and Tesco Electrical Appliances Chain fell short of market expectations, causing the company's stock price to plummet.
The performance of real estate sectors such as Wheelock Land, Hutchison Real Estate, and Chinese Real Estate, as well as banking sectors such as Xinjian Bank and Bank of East Asia, has maintained its previous trend. Even the performance of some companies has far exceeded expectations, and the stock price has also gained considerable momentum.
Lift.
In Conference Room 203 of Wheelock Building, Li Jianhui specially held a high-level meeting of the listed company headquartered in Xiangjiang.
When talking about the situation in the stock market, Li Jianhui said: "Our Xinjian Department and Donghua Society have absolute controlling rights in your companies, and your companies do not have high debts, and some companies even have zero debt, so they are also
There is no need to worry about falling stock prices.
The most important thing for you now is to lead your own companies to seize the market on a global scale, especially our retail companies. Don't care about the profit, as long as you seize the market, you will naturally earn back in the future."
With Li Jianhui's words, the heads of several major retail companies have also put aside some of their inner anxieties, and they have the confidence to continue competing for markets in multiple regions with major retail giants.
They are not the only listed companies. Carrefour, Wal-Mart, Ito-Yokado, Lotte Supermarket, Seibu Supermarket, Sears, Kmart, etc. are also listed companies. I wonder if the management of the other party is still in such a relaxed mood as they are.
Sitting here, the senior executives of Huihong Group felt the most unjust. Huihong Group's performance did not meet market expectations. This was not their management's responsibility at all. They had mentioned to Li Jianhui many times that if Huihong Group did not enter the new market,
Industry, it is difficult for performance to achieve greater growth in the short term.
It's a pity that Li Jianhui did not agree with the expansion of Huihong Group at all. Even if they wanted to use directly-operated stores to enter the real estate industry, Li Jianhui vetoed it.
This resulted in the gap between the Xinjian Department's mid-year financial report and the expectations of investors, especially the second quarter financial report. Compared with last year, not only did it not increase, but it actually declined.
Although the half-year profit of Huihong Group is still the highest among listed companies in Hong Kong, whether it is HSBC, Lane Crawford, Wheelock Land and other leading companies, the profits are far behind Huihong, but the decline in profits is a fact.
The performance reflects that Huihong Group is no longer a safe haven for Hong Kong stockholders.
Taking advantage of this sharp drop in stock prices, Huihong Group President Toru Iwatani said: "Li Sheng, our existing business development at Huihong Group has basically reached its peak. If we do not develop new profit points, I am afraid that our stock price will continue to decline."
.
After discussions with the senior management of our group, we withheld part of the funds and did not use them as dividends. Instead, we set up Huihong Investment Fund to establish a Xiangjiang science and technology innovation base in Shatin, and support the development of the resident R&D teams and enterprises through equity financing."
Huihong Group is no different than many companies. This company has no debts, and its profits are high. It has a lot of money and is quite confident.
If Li Jianhui hadn't kept suppressing it, Huihong Group would have long ago become a comprehensive industrial group, and its strength could even suppress the three major consortiums of Xianghua, Xinhong and Xinya.
It's just that Li Jianhui's industrial layout is relatively complete and there are many investment companies. There is no need for Huihong Group to establish another such enterprise.
Moreover, Li Jianhui himself does not pursue the market value of his companies. He is more interested in the money that falls into his hands.
"I know the situation of Huihong Group. I don't blame the management in terms of performance, but you must still focus on game development, and at the same time, you must do a good job in comforting the group's employees so that they do not lose their enterprising spirit.
At the same time, the group will increase the development of the three major markets of Central and Eastern Europe, Latin America and South Asia to add new profit points to the group. I will also ask the internal coordination office to assist you.
The level of market value is not the basis for determining your status in the Xinjian Department, and you should not create any baggage in your heart.
And I have a clear plan for the development of Huihong Group in my heart. If you have been working hard in the past few years, when the time comes, Huihong Group will definitely be able to soar into the sky."
Even though Toru Iwatani and other senior executives were quite disappointed, they still responded that they would do a good job in the hearts of employees and at the same time develop games that are more popular among game fans.
As for the market value issue, they don't think about it for the time being. Li Jianhui has already made plans. It will be good if they can maintain Huihong Group's current market value in the past few years.
"Li Sheng, because of the trading model of our Huangpu Trading Group, investors and investment institutions are not very popular with our Huangpu Holding Group, and because the scope of Huangpu Trading Group is too wide.
I suggest that Huangpu Trading Group be renamed, and that it be directly held by Li Sheng's funds and not be under the jurisdiction of Huangpu Holdings.
Subsequent transactions between the trading group and the Xinjian Department and even the Donghua Association's major enterprises will also be carried out as normal, and the accounts will be settled as they are, so as to avoid problems in the future that will implicate major listed companies."
Regarding Nubigian's proposal, Li Jianhui thought about it for a while and then agreed. At first, he just hoped that Liu Xiaoyan, as the president of Huangpu Holdings Group, would put Huangpu Trading Group under Huangpu Holdings to facilitate Liu Xiaoyan's management. Huang Guangxing did not make any changes in the past. Now he wants to
I think, something is indeed not quite right.
"I will communicate with Huang Guangxing about this matter after the meeting, and you should also contact him to properly handle the equity transfer issue of Huangpu Trading Group.
As for the new name of the trading group, it will be named after the Odong Trading Group, and its headquarters will still be in Vienna, the capital of Austria.
Yossel Lawrence resigned from the position of director and vice president of the board of directors of Huangpu Holdings and became president of Aodong Trading Group, continuing to assist Huang Guangxing in handling Xinjian Department's affairs in Central and Eastern Europe."
Nubigian felt that he was stealing the chicken but losing the rice. He originally thought that after the trading group was separated, Huang Guangxing would become the president of the group, so the chance of Huang Guangxing coming back to take charge of Huangpu Holdings in the future was almost zero.
Unexpectedly, Li Jianhui would make such an arrangement. Nubigian also knew a little about Yossel Lawrence. Before he was transferred to Vienna and became the vice president of Huangpu Holdings, he had been serving as the president of Blue Maple Film and Television Media Group, a subsidiary of Blue Maple Holdings Group.
Originally, Lawrence could only serve as an assistant to Huang Guangxing in Vienna in a short period of time, but he did not expect that he would be able to help him, allowing him to control a group again, and the status of this group in the Xinjian Department was far greater than that of the group he had once helmed.
Be high.
You must know that the president of this group is exactly the person in charge of the Xinjian Department's affairs in Central and Eastern Europe. He may directly join the Xinjian Department's executive team at some time.