Hong Kong 1980: The Savage Era

Chapter 486 [Haiyu International]

The policy needs to be digested by the market, and real estate developers also need to figure out a way that can be put on the table for use. It makes sense to take a year to get the ball rolling.

However, this ignores human greed. If several months are lost, a lot of money will be lost, so of course some people will take risks, and real estate developers cannot wait that long.

"I asked you to sell some properties before. Have you sold them all?" Luo Qihong ignored Guan Jiahui's question.

"I sold them off. I didn't make much, only 1 times the profit." Guan Jiahui pursed her lips. She was used to making quick money.

All the properties owned by Guan Jiahui were purchased during the big crash in 89, which is two years ago. Doubling the profit is indeed not much, considering that the fastest-growing assets in Hong Kong are stocks and properties.

Luo Qihong smiled and said, "Not a small amount. Compared to those speculators who lost money, you are lucky. It is also easy to make money. Next year, I will take you to Singapore to speculate in real estate. The market there is not much worse than Hong Kong."

Guan Jiahui naturally knew about Luo Qihong's brilliant achievements in Singapore, and Luo Qihong also said that all the industrial companies in Singapore belonged to her family, so she became extremely excited.

"How does the company you acquired compare to the Zhaoan Group?" Guan Jiahui felt like comparing again.

Luo Qihong knew that Guan Jiahui was simply making a comparison to understand the scale of the Yeo Hiap Seng Group and had no other thoughts.

"Almost, but the potential is huge. Yeo Hiap Seng Group's factory land in Hong Kong is worth tens of billions, and it also has a lot of properties in Singapore, with an estimated asset value of around HK$200 billion."

Guan Jiahui was stunned. She thought that the assets of Yeo Hiap Seng Group were worth at most HK$50 billion, but she didn't expect it to be several times higher.

"How much is the asset value of Zhaoan Group?" Guan Jiahui immediately hugged Luo Qihong's arm and rested her head on his shoulder.

Luo Qihong brushed his hair in front of his chest and said, "There's no comparison. The Zhaoan Group is involved in many industries, including ports, real estate, telecommunications, securities and finance. The Yeo Hiap Seng Group only has food and beverages, and will set up a real estate company in the future. However, the Yeo Hiap Seng Group's asset value in the future is positioned at 100 billion US dollars."

This is Luo Qihong’s real thought. The market value of Coca-Cola Company can reach two or three hundred billion US dollars, so Yeo Hiap Seng Group should not lose to Coca-Cola Company.

As for Zhaoan Group, it is a giant. It is rare for its assets to be worth over one trillion yuan. After all, its current asset value is over 1000 billion yuan.

Guan Jiahui became even more obedient and said coquettishly, "Didn't you say that Singapore belongs to our son? Can we build another one based on the model of the Zhaoan Group?"

Guan Jiahui has always loved money and liked to compete for favor, but her business ability is just so-so. The scale of 50 billion Hong Kong dollars is already the limit, and there is still some gap compared with Bai Jinyan.

Luo Qihong said tactfully, "It's not up to me to decide. We need to see the opportunity. Maybe Yeo Hiap Seng Group can surpass Siu On Group."

"You are so awesome, husband." Guan Jiahui kissed Luo Qihong and smiled sweetly.

According to Luo Qihong's plan, Yeo Hiap Seng Group will expand its sauce, beverage, and general food businesses, enter the mainland and the entire Asia within the next two years, and then use the group's funds to invest in the real estate and hotel industries.

He remembered that in his previous life, the market value of water-selling companies in the mainland was hundreds of billions of yuan. The Yeo Hiap Seng Group was involved in more industries, so it should not be a problem for the asset value to be several times higher.

"The current real estate market has dropped a bit. You can enter the market and purchase properties. Choose the best quality properties, with priority given to properties in Causeway Bay." Luo Qihong said, changing the subject.

"Well, what about the stock market? Is it time to enter?" asked Guan Jiahui.

"The stock market is okay, just buy in slowly." Luo Qihong replied.

Hengan Investment Company Office.

Luo Qihong has already withdrawn 1 million US dollars from the Australian and Southeast Asian markets and is preparing to invest in other markets.

Because the expansion in these two markets was too rapid, it is not advisable to continue blindly expanding at present, and the current situation should be stabilized. If we expand blindly, the Jianing Group and Chen Songqing in the early 80s are examples. Although they will not go bankrupt, the losses will not be small.

After reading many research reports, he still set his sights on East Asia, Japan and South Korea.

The mainland has already invested a lot, and even if it invests more, there won’t be much improvement. On the contrary, South Korea and Japan have invested too little.

Last year, Japan's economic bubble burst, and the economy has been in a downturn for a year, almost reaching the bottom, but it is difficult to see any signs of recovery. This is known as the 'lost 30 years'.

However, the appreciation of the Japanese yen has not yet ended. Luo Qihong missed several opportunities for yen appreciation investment in the past few years, and he does not intend to miss it this time.

This is also because there are not many good investment projects at present, so we can only look back and pick up some slightly better projects.

"The current exchange rate of the US dollar to the Japanese yen is 170. In the past few years, the exchange rate fell to 120. There should still be a possibility of appreciation." Luo Qihong threw the document on the table and said seriously.

Yuan Tianfan lowered his head and thought for a while, then responded, "In fact, I am more optimistic about the Korean market. Maybe they will completely open up their financial markets in the near future, just like Singapore did before."

Luo Qihong knows some of South Korea's history. It will take several years for the financial market to be fully opened. Now even American capital cannot open up the entire South Korean financial market, let alone others.

"I don't know how long we have to wait. Instead of waiting, we might as well take the risk to expand the markets in Singapore and Australia. But then again, can we start to enter the Korean market?" said Luo Qihong.

Luo Qihong is the boss who has seized the opportunity, but Yuan Tianfan's ability in the securities and financial markets is not weak either, otherwise he would not have been favored by HSBC's boss Pu Weishi, so Luo Qihong wants to hear Yuan Tianfan's opinion.

"It should be possible, but Koreans are very xenophobic, so it's a bit difficult to open up the market," Yuan Tianfan answered truthfully.

In recent years, South Korean chaebols have over-expanded and are already showing a tendency to monopolize the South Korean economy. The influx of foreign capital at this time will naturally arouse their vigilance.

After all, no one wants to share the cake with others.

"Let's do it little by little. The company doesn't have much money to invest in Korea for the time being." Luo Qihong thought seriously and said, "How about this? Let Hengan Investment from the United States invest 500 million US dollars to open a new company in Korea."

"Boss, it's a smart move to use the Americans' reputation to scare the Koreans." Yuan Tianfan said in a rare flattery.

Luo Qihong smiled and said, "You are not usually like this. Is there something wrong?"

Showing courtesy for nothing is either cheating or stealing!

"It's true. My friend has a company that wants to sell its shares. I'm the general manager and director, so I want to give it a try." Yuan Tianfan finally told his plan.

In his previous life, Luo Qihong happened to hear about the battle for Haiyu International, in which Yuan Tianfan and Cai Shiliang were competing for Haiyu International.

The predecessor of Haiyu International Company was Jinyou Real Estate, which was registered and listed in Hong Kong in February 73. In the early days, it was mainly engaged in securities investment and property development. In 2, it was acquired by Shiwang Company, an affiliated organization of Haiyu Group, and held a 83% stake.

The Haiyu Group is a Southeast Asian consortium company specializing in warehousing, trading, electronic manufacturing, textile bleaching and dyeing, shipping and car rental, and its strength should not be underestimated.

Luo Qihong happened to see the information of this group when he was sorting out information in Singapore.

In November 83, the board of directors of Jinyou Real Estate Company was reorganized, with Cai Shiliang as chairman. The company was renamed Haiyu Baoye Co., Ltd. and maintained its listing status as the investment flagship of Shiwang Company.

(End of this chapter)