章節 1028: Chapter 1028: Amazing profits! Assets have skyrocketed!
Normally, an increase in stock market trading volume indicates, on the one hand, an increase in buyer demand, active turnover, and bullish stock prices; on the other hand, it shows that more hot money has entered the market, naturally boosting trading activity and sending the market higher.
However, an increase in trading volume also makes the stock market more chaotic, and the already murky waters are stirred even more.
Because trading volume has inflated excessively, stock prices naturally follow suit and rise sharply. It is quite easy for market leaders, large investors and market makers to sell their stocks, while small and medium investors are unable to judge the real intentions of the leaders.
There is a high possibility that the market will continue to rise or that investors will be trapped passively. Everyone in the financial industry is smart, so Xia Yu of course does not become arrogant and underestimate his peers.
On his side, he holds stocks of Swire Group and its subsidiaries worth tens of billions of Hong Kong dollars. If he wants to maintain high stock prices and sell as soon as possible, he must pay attention to the technology to avoid a market crash.
To be on the safe side, Xia Yu personally sat in at Jiuding Securities every day, occasionally reminding Wang Qi to make adjustments.
Under these circumstances, the shares of companies such as Swire Pacific Holdings and Swire Pacific Shipping held by Jiuding Securities were quickly sold, and the trading volume of the relevant stocks skyrocketed. However, the corresponding stock prices were also manipulated to continue rising, creating an illusion in the market that the stock prices had not yet reached their peak and reducing the vigilance of other investors.
On the afternoon of August 24th,
Swire Finance.
Cedric Quincy is intently monitoring the figures in the operations room.
When the statistics show that 10.8% of the shares in Taikoo Warehouse have been purchased, he decisively orders his staff to stop buying the company's shares and rushes to report the good news to Norman Shiyawei.
'Chairman, the purchase of Taikoo Warehouse shares has passed the line!'
Norman Shiyawei, who was thinking about something, stood up with excitement when he heard the news.
'Cedric, are you sure?'
Cedric Quincy nodded emphatically and said with a broad smile, 'Chairman, I have been counting the numbers, there is absolutely no mistake. I have already told the staff to stop buying.'
After confirming that there was no mistake, Norman Sjöberg smiled broadly. After laughing a few times to vent some of his pent-up frustration, he asked, 'Cedric, what about Swire Pacific and Swire Shipping? How far off are they?'
Cedric Quincy immediately replied, 'Chairman, the difference is not far. Swire Pacific is 1.21% short, and Swire Shipping is 2.37% short. It is expected that the target will be reached in the next few days.'
'Good!'
Norman Shiyawei nodded with a smile.
At that moment, Cedric Quincy suppressed his smile and suddenly asked, 'Chairman, now that we have completed the de facto control of Swire Pacific, do we need to announce it to the public?'
Norman Shiyawai frowned for a long time, but slowly shook his head, not agreeing with Cedric Quincy's proposal.
'Don't announce it, let the stock price continue to rise! It's enough to have completed the control, announcing the news will only affect the stock price.'
After completing the absolute control of Taikoo Warehouse Company, Norman Shiyawai's mentality and position have changed again.
When he wanted to buy stocks, he definitely hoped that the lower the stock price, the better, so that the cost would be lower.
But now that the company will not be taken away from him, he definitely hopes that the stock price will be as high as possible. If the stock price collapses, he will be the first to suffer. After all, he took the stocks of Taikoo Warehouse Company to mortgage, and a low stock price will increase his risk and pressure.
Furthermore, he was not sure whether the company had bought so many shares from Jiuding Securities.
If it had, then after Jiuding Securities had cleared its position, it would likely short the stock. If he announced that he was trying to suppress the stock price, he would be helping Jiuding Securities.
Even if Jiuding Securities had not completely sold out, he did not believe that the enemy would still hold a large number of shares. If the stock price was high, they would make a profit, but it would not be much.
In case it wasn't, then Jiuding Securities must still be scrambling to buy, and the higher the stock price, the higher the buying cost for Jiuding Securities. Norman Shi Yuhuai was happy to see the enemy's funds being depleted.
After comprehensive analysis, not releasing the news is actually in his best interest.
What he doesn't know is that his decision has just helped Xia Yu!
Just as Norman Shiyahuai is focusing on purchasing shares of Swire Pacific and Swire Pacific Shipping, Xia Yu is urging Jiuding Securities to speed up the liquidation process once again.
Jiuding Securities.
'How much is left?'
In the operations room, Xia Yu scanned the room with his eyes and then asked Wang Qi.
Wang Qi immediately reported, 'Chairman, according to the data compiled at 11:30, there are still 3.25% of Swire Pacific shares, 3.06% of Swire Pacific Warehouse shares, and 4.15% of Swire Pacific Shipping shares that have not been sold.'
'The shares of these three companies that have been sold have brought in 11 billion Hong Kong dollars.'
Xia Yu pondered for a moment and said softly, 'In other words, the company now has more than 24 billion Hong Kong dollars in capital?'
Wang Qi nodded and said in detail: 'Last night's statistics showed a total of 24.68 billion Hong Kong dollars. Now that some more shares have been sold this morning, the cash in the account should exceed 25 billion Hong Kong dollars.'
With 25 billion Hong Kong dollars in cash, they would be able to wreak havoc in the next stage.
After thinking for a while, Xia Yu solemnly ordered Wang Qi, 'Increase the intensity of the sell-off and be sure to sell all the shares of the Swire group of companies before the market closes tomorrow afternoon, even if it causes the stock price to fall!'
'After the market closes tomorrow, calculate all the data on liquid capital and profits earned from the operation and give it to me.'
Hearing Xia Yu's order, Wang Qi realised that August 26th should be a critical turning point.
He nodded without hesitation and replied in a deep voice, 'I guarantee that I will complete the task!'
Having received Xia Yu's order, Wang Qi finally let go completely. After the morning market closed, he gathered all the team leaders to convey the spirit of Chairman Xia Yu's instructions and formulated an action plan for that afternoon and the next day.
Sure enough, after the stock market opened in the afternoon, investors suddenly noticed that there were suddenly a lot more sell orders for Taikoo Group, Taikoo Warehouse and other companies, which naturally attracted the attention of some institutions.
However, just because Wang Qi had increased his selling efforts, it didn't mean that he hadn't done even the most basic cover-up work.
The price control team at Jiuding Securities was still actively driving up the stock price.
Precisely because the stock price was still rising, even though there were suddenly a lot of sell orders in the market, there were still institutions willing to take a chance and buy.
However, on the other hand, major institutions have launched a campaign to find out which big player is selling and leaving the market.
If the selling party is the benchmark of Jiuding Securities, then they will have to think of a way out quickly.
Unfortunately, Wang Qi had already disposed of the stocks a long time ago, and he had also strictly ordered his employees to keep their mouths shut, so it would be strange if other institutions could find out.
Half an hour before the market closed in the afternoon of August 25th, the last batch of Swire Shipping shares was sold, and the transaction was quickly completed.
'President, our three teams have also completed their tasks,'
the head of the third team reported to Wang Qi in the centre of the operations room after confirming the accounts.
Wang Qi swept his gaze over the faces of the team leaders and ordered, 'Each team will report all the data to me. I will be waiting for you in my office.'
After saying this, Wang Qi left the operations room with peace of mind.
Twenty minutes later, all the data from each team was submitted to him. He did not ask his secretary for help, but instead compiled the data himself.
After calculating for nearly half an hour, he confirmed each figure three times before taking the data and getting up to go to the office of the chairman, Xia Yu.
'Knock, knock, knock!'
'Come in!'
'Chairman, here is the data you requested. I compiled it myself and checked it three times, so there shouldn't be any problems.'
Wang Qi finished and handed the statistics to Xia Yu.
Xia Yu gave a smile, took the data sheet, and browsed it carefully.
Swire Pacific Holdings invested HK$2.549 billion in the stock acquisition, and sold it for a high price of HK$7.544 billion, with a profit of HK$4.995 billion, which is about to break through HK$5 billion.
Swire Pacific Limited invested HK$547 million in the stock acquisition, and sold it for a total of HK$2.6 billion, with a profit of HK$2.053 billion.
Swire Pacific Shipping Limited invested HK$729 million in the stock acquisition, and sold it for a total of HK$3.239 billion, with a profit of HK$2.51 billion.
The cumulative figures are that a total of HK$3.825 billion was invested, but the profit reached HK$9.558 billion, which is 2.5 times the cost!
This profit exceeded Xia Yu's original estimate. He had originally estimated that if the operation went smoothly, he would be able to make a profit of about 7 billion, but now it had exceeded 2 billion Hong Kong dollars.
But on the other hand, the stock price of Swire Pacific, which had the lowest increase, was only about four times its pre-operation price, so the increase was only about three times. This was limited by the company's large size, so the increase was relatively small.
For example, the original Swire Warehouse, which had the lowest market value, now has a market value six times its pre-operation price, an increase of five times!
Xia Yu's overall profit was only 2.5 times, which was not too high compared to the increases of these companies, but considering the huge amount of his own volume, which made the operation more difficult, it was normal.
Then Xia Yu looked at the total amount of liquid capital, which, including the profits from this operation, was as high as 26.783 billion Hong Kong dollars.
...
After looking at all the data, Xia Yu gave a satisfied smile.
He instructed Wang Qi, 'Wang Qi, you can relax for the next few days. From now on, the investment department is only allowed to sell stocks and is not allowed to buy any stocks. Everything is subject to my orders.'
'By the way, later on, you can let it be known that we are giving up on the acquisition of Swire Pacific and other companies.'
'Tomorrow, we'll just watch the show!'
Upon hearing this, Wang Qi let out a relieved smile, looking forward to tomorrow...
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