I Want To Be a Rich Man on Hong Kong Island

Cheung Kong’s stock has been subscribed more than 50 times, which shows that shareholders are optimistic about the Changjiang Central Commercial Complex;

Over the years, the citizens of Hong Kong Island have a deep understanding of chartering and chartering, and they can earn a lot of money every month with their fingers;

The most important thing is that housing prices and land prices have risen, and the rent will increase;

House prices and land prices have plummeted, but rents will not.

Because, the charterer and the charterer are full of confidence;

Who doesn't want to rent, you can go;

Anyway, there are many people who need to rent a house outside!

If the house cannot be sold, it means oversupply and the inability to buy a house;

Then, if you can't afford a house, you can only rent a house.

Therefore, the business of renting a house is always better than the business of selling a house!

This is also the reason why many Hong Kong Island families and bigwigs in later generations like to rent their properties and not sell them!

Of course, everyone highly respects Wu Guangyao's keen business sense.

Leaving other industries aside, Wu Guangyao's achievements in real estate over the years are quite impressive!

Good at buying bottoms, good at grasping opportunities, and good at marketing!

In this day and age, apart from Hong Kong residents who have always been optimistic about listed companies of foreigners, Wu Guangyao is probably the only one who has this kind of treatment.

 …

On the day of listing, Wu Guangyao specially brought bodyguards to the Kowloon Exchange to watch the scene;

Good guy, there are a lot of people, thanks to the Nine Dragons Exchange hiring Leidun security guards to maintain order.

Wu Guangyao thought for a while, then shook his head, how many people can make money in stocks, retail investors basically can only be reduced to leeks;

The main reason is that retail investors can't hold the shares of Cheung Kong Industrial!

If a retail investor can hold shares in Cheung Kong, Wu Guangyao believes that if the annual dividends are not counted, after 50 years, it will not be a problem to double it by a few thousand times;

If dividends are added,

It may be ten thousand times higher!

Several sharp-eyed reporters saw Wu Guangyao shaking his head, and immediately came to Wu Guangyao's side, wanting to conduct an interview with Wu Guangyao.

It's a pity that he was blocked by several bodyguards and couldn't move at all!

Wu Guangyao was in a good mood, and happened to have something to say, so he waved his hand to signal the bodyguard to let him go.

"Mr. Wu, what did you mean by shaking your head just now? Did you feel that the stock price of your company was not high enough?"

When Wu Guangyao heard this tone, he would first check which newspaper the reporter belonged to.

It turned out to be the "Sing Tao Daily", and one of its subordinates was defeated. No wonder they dug a hole for themselves?

However, Wu Guangyao said in a gentlemanly way: "I shook my head because I felt that the stockholders seemed a little irrational. Cheung Kong's stock price has risen from 7 Hong Kong dollars at the opening to 9.5 Hong Kong dollars, and only 2 hours have passed. The value of a company, It takes a long time to be reflected; also on stocks, my suggestion is to invest in companies with long-term value. Stocks should be investment, not speculation..."

"What is investment? What is speculation?" asked another reporter.

"The time is different: the period of investment is longer, usually long-term stocks, etc.; the period of speculation is relatively short, usually fast buying and selling behavior."

"The emphasis on interests is different: investment focuses more on long-term interests, and short-term losses do not affect the overall income; speculation focuses on short-term interests, and short-term price rises and falls have a great impact on speculation."

After Wu Guangyao finished speaking, he shrugged off his business and bid farewell to many reporters, leaving only one legend of stock god!

When the securities closed that day, Cheung Kong’s stock rose to HK$12.30 per share, a daily increase of 75%, and Cheung Kong’s market value was as high as HK$590 million.

Cheung Kong can be described as riding a bull to go public!

.........

Cheung Kong's conference room

"Cheung Kong's 1.1 million square feet of residential land are all located in Yau Tsim Mong, Kowloon, with an average price of HK$52 per square foot, and a total value of HK$57.2 million; Cheung Kong's 200,000 square feet of commercial land are all located in the Central District of the island. , the average price is 250 Hong Kong dollars per square foot, and the total value is 50 million Hong Kong dollars. Cheung Kong Real Estate has five six-storey commercial buildings in the downtown area of ​​Central, with a value of 50 million Hong Kong dollars."

"To sum up, if Cheung Kong needs to acquire all of them, it will need 157.2 million Hong Kong dollars."

"Currently, Cheung Kong has a total of 105 million Hong Kong dollars in its account, which is not enough to pry open such a large project, and it is far from it."

Xiu Yanbing made a simple financial report to shareholders and management.

This report does not include the Global Building (built by Diwang in the Central District) and the original Global Building (the old building on Queen’s Road), because these two buildings were developed by Cheung Kong Real Estate. After the development, they were used as private property of the Wu family for rent.

Even if Cheung Kong borrowed another 100 million yuan, it would not be able to use the land and old buildings owned by Cheung Kong Real Estate.

After hearing this, He Xian and Zhong Ziguang were shocked;

The two thought that Wu Guangyao used 30 million Hong Kong dollars to buy the bottom, and then made about 50 million Hong Kong dollars;

Unexpectedly, Wu Guangyao spent at least 50 million Hong Kong dollars, and even made a direct profit of 100 million.

However, the shares of Cheung Kong Industrial in the hands of the two have skyrocketed since their listing, and the value of each person's shares is as high as 18 million, so the mentality of the two is also a little better.

He Xian is okay, very satisfied, Cheung Kong shares plus dividends are already his most important assets; you know, he only invested 500,000 Hong Kong dollars at the beginning.

Zhong Ziguang almost felt a little regretful, why did he propose dividends at the beginning, and now in the eyes of everyone, would he be a representative of lack of vision?

"The real estate industry has stabilized. We need to rush into the market. If you hesitate for a day, you will lose tens of thousands. So next, Cheung Kong needs to purchase residential land and then develop residential units on a large scale. The opposite has continued and a large number of inflows since last year. Population to Hong Kong Island, the increase in population means housing shortage; coupled with the booming industry and rising wages on Hong Kong Island, the real estate industry is bound to usher in a small boom again." Wu Guangyao said.

Wu Guangyao went on to say: "Since the commercial land can't be eaten, don't hold on. How about this, the five commercial buildings and the commercial land will continue to be placed in the hands of my Cheung Kong Real Estate; Cheung Kong will first acquire the 1.1 million square feet of residential land , ready to develop housing."

Everyone had no doubts about Wu Guangyao's words;

Of course, everyone has their own analysis of the external situation, and they feel that Wu Guangyao's remarks are not wrong.

If there is an objection, these people will still raise it;

For example, the original dividend plan.

 …

After the meeting ended, the Three Musketeers came to Wu Guangyao's office.

Some time ago, when Cheung Kong was listed, Wu Guangyao personally rewarded each of the Three Musketeers with 500,000 Hong Kong dollars to buy shares in Cheung Kong.

The reason why Wu Guangyao is so generous is because the Three Musketeers have made great contributions to the development of Changshi Real Estate in the past few years, and they have no complaints.

Theoretically speaking, Changshi Real Estate belongs to Wu Guangyao's private property, and if three people are to be hired to work, it will cost more;

Moreover, Wu Guangyao made a lot of money, so he had to feed his subordinates some soup.

Besides, the Three Musketeers have always been loyal to themselves, so naturally they want to give some sweetness.

"There will be a lot of work ahead. You will not only take care of the construction of the two buildings of Changshi Real Estate, but also develop three new residential buildings; therefore, you must be prepared!" Wu Guangyao said.

The two buildings have been under construction for a year; but because they are super buildings, the construction period is three years, so the completion is still early.

"Boss, don't worry, Cheung Kong has the most complete and largest talent pool on Hong Kong Island, and the affiliated companies of the Changjiang department are also powerful companies; so, let alone five real estates, even seven or eight real estates are under construction at the same time, so we won't be in a hurry " Shi Jun said confidently.

Cheung Kong used to have five projects under construction at the same time, so everyone felt that it was not a big deal.

It can be said that the construction capacity of the Yangtze River System is already number one on Hong Kong Island.

Hong Kong Island First Construction is also a real giant company, which is equivalent to Wu Guangyao's trump card!

The original shareholding situation of Hong Kong Island First Construction was that Wu Guangyao held 90% and Xue Cheng held 10%.

After years of development, the value of Hong Kong Island First Construction has far exceeded 2,000 Hong Kong dollars, that is, 50 million Hong Kong dollars, and many people buy it.

You know, although there are many construction companies on Hong Kong Island, there are no more than three companies that can have the strength of Hong Kong Island First Construction.

It is very important to have a strong construction company;

In later generations, Swire \u0026 Co. and Wheelock \u0026 Co. wanted to enter the real estate industry in the 1970s, but they had no land and no experience in real estate, so they had to take out large tracts of land and jointly develop them, and give the profits to others;

At the same time, the two foreign firms have acquired real estate companies everywhere in order to increase their strength in the real estate field.

It can be seen how important a complete real estate industry chain is!

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