Chapter 483: The Shipping Market Exploded
“In this case, the bigger Qi Dezun becomes now, the more he will make wedding clothes for us in the future.” Zheng Zhijie said with a smile.
Yang Wendong nodded: "Yes, that's why I funded him and let him gather a large number of other British-owned companies as a British-owned company, so that it will be easier for us to annex these assets in the future;
If Qi Dezun really has this ability, he will become If I can successfully run these companies, that’s fine, just treat it as a normal investment.”
History has changed too much. If Qi Dezun is lucky enough to avoid the crisis in this life, his investment income will also be there. Dozens of times the return;
But the possibility is unlikely. Qi Dezun is too arrogant. He only wants to become famous and goes into debt like crazy in order to expand the scale. Just like the Wheelock family, they sold most of the company's shares to the Zhang Yuliang family in order to expand the scale.
Human nature cannot be changed, nor can capital’s greed for profit and power.
"Qi Dezun is indeed very capable among the British ghosts. He is the only British investor who dares to buy the bottom right now." Zheng Zhijie added: "By the way, Yang Sheng, Li Jiacheng, Lee Shau Kee also approached me one after another and wanted our group to invest in them, but he refused to give up his voting rights."
"I guess he has discovered opportunities in the real estate market, but his funds are limited, so he can only approach me. ” said Yang Wendong.
People like Li Jiacheng and Li Shauji also went crazy for bargain hunting this year, but they did not rise until the late 1970s and early 1980s. This is also because their existing asset scale is not enough;
After seeing golden opportunities everywhere, they naturally want to obtain more funds. However, in this era, bank lending for real estate and so on has dropped to a freezing point. If they cannot raise funds, their ability to acquire will naturally decline.
“Yes, almost.” Zheng Zhijie replied.
Yang Wendong said: "If they are willing to give us more shares, then yes, if they just borrow money, then definitely not, let them decide for themselves."
Compared with the four major families in the future His earning power is incomparable to the future appreciation of today's real estate trough, so he is still happy to buy stocks again, but if it is borrowing money, that will definitely not work.
Funds provided to investees are generally needed for strategic purposes. For example, the additional low-interest loan given to Formosa Plastics was to allow Wang Yongqing to develop rapidly and be able to provide himself with the plastic raw materials needed by Changxing Industrial. In this way, your own Changxing Industrial can earn higher profits and market;
But investing in real estate, although it is a huge profit, is just a huge profit. Just invest it yourself. It is impossible to lend money to others to invest in real estate and you will only earn interest.
"Okay, I will inform them." Zheng Zhijie said: "But I guess it is unlikely that they will agree. We already have 20% of their shares."
" That doesn't matter," Yang Wendong said nonchalantly.
Today, he no longer cares whether he holds a lot of shares in the four major families in the future. He can acquire them again when they go public.
12th:
"Yang Sheng, Ms. Zheng is here." The phone on the desk rang.
Yang Wendong pressed the button and said: "Let her in."
After a while, Zheng Yuhua from Changxing Shipping walked in with a face full of joy.
Yang Wendong asked with a smile: "So happy? Has the shipping fee gone up like crazy in the past month?"
"Yes." Zheng Yuhua replied: "Last month the Middle East crisis broke out, Suez The canal was blocked due to ZZ, and more than half of the world's ships had to be diverted, especially oil tankers, which accounted for more than 70%;
Today, freight rates have almost doubled compared to two months ago. Our various oil tankers have gradually expired and will not be renewed, and are now ready to operate on their own. "
"Okay. Yang Wendong nodded and said: "Now is the time to pick up gold with a dustpan, don't waste any time." ”
In this era, Asia’s economy has just taken off, and its global share is not high. The main economies are still Europe and the United States. To go from Asia to these two places, except for the western United States, all other places require Taking the Suez Canal;
Not to mention oil, oil starting from the Middle East is We have to go through the Suez Canal
In the past few years, global trade has grown much faster than shipbuilding. Now that the Suez Canal is out of service, ships need to go around the Cape of Good Hope, and the efficiency of a single ship is greatly reduced. , further exacerbating the shortage of ships, the freight rate will naturally increase significantly;
Among them, oil tankers have seen the largest increase. Because many daily necessities and industrial products, the United States and the West originally relied on Asia for production. If prices rise sharply, they will use less of them. Or they can produce some locally if they still have manufacturing capabilities. But if you don’t have oil, you don’t have it.
< br>Zheng Yu Hua Dao: "I understand. Now, including our previous second-hand old ships, they are all favored by companies in Europe and the United States, and the prices offered are also very high. I calculated that in one year, we can make as much money as we did when we bought the ship." It’s twice the price.”
Yang Wendong said. : "Is there no problem in terms of safety?"
Zheng Yuhua replied: "As long as you do maintenance, safety preparations and pay attention to the weather, there is no big problem. I didn't go before because I couldn't go, but because I was going to Europe and the United States. All kinds of maintenance need to be performed in Europe and the United States , the cost is very expensive, and the cost after stopping the ship is even higher, which is not economically worthwhile. In addition, some European and American ports also have legal restrictions on old ships.
Now that profits are high, this is no longer a problem, and European and American ports have also begun to reduce restrictions. ”
"That's good." Yang Wendong said with a smile.
I desperately bought the ship just for today. This kind of global shipping crisis can earn even more profits than the Hong Kong real estate crisis, and I can earn a lot of cash in the next few years. , and also facilitates your investment in Hong Kong and even Southeast Asia. Zheng Yuhua added: "Yang Sheng, one more thing. Many European and American shipping companies want to ask us to buy ships at high prices, especially oil tankers. For a 120,000-ton oil tanker, they paid US$30 million?"
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"What are you dreaming about? Ignore them. New ships cost 50 million US dollars now, right?" Yang Wendong shook his head and said, "Let's settle down." Just keep your mind on the operation. If you are really short of money, and the price of ships is so high now, you can still borrow money with a mortgage."
High-quality assets are always worth more than cash, because in modern financial society, they can be mortgaged. Especially for assets that are gradually appreciating, such as real estate, if the house price rises high enough in a few years, even if you get a loan at a discount, it will still be higher than the full payment a few years ago.
Ships are indeed not as good as real estate, but the world will be short of ships in the next eight years. Even Jardine Matheson in the 1970s wanted to exchange the Central Building for oil tankers, but it was too profitable. Even if he wanted to sell, he would not be able to sell it now.
"Understood, I am not short of cash at the moment." Zheng Yuhua added: "If the Middle East does not stop, then I estimate that I will be able to pay off all the previous loans in one year."
"Okay, repay the loan from Japan first. Your debts here have indeed been too heavy in recent years." Yang Wendong added: "But you also know the situation in Hong Kong during this period. If I do this If you don’t have enough funds, you may need to mortgage some of your ships.”
Nowadays, the shipping market is booming, and the Hong Kong real estate market is in a slump. One can desperately make cash, while the other needs cash to buy property or property. The stocks of other British-owned companies are a perfect match, but the timelines overlap too much. The shipping market has not yet received enough cash, but it can still be used as a mortgage loan.
"No problem." Zheng Yuhua replied.
Kwai Chung:
Yang Wendong, Zheng Zhijie and a dozen employees of Changxing Group came to the seaside. At this moment, a large number of construction machinery was working.
Zheng Zhijie introduced: "Yang Sheng, this is the location of Pier 1 of our future port. At present, workers are still building the foundation."
Yang Wendong asked: "This kind of terminal in Hong Kong Will the construction company build it? ”
Zheng Zhijie Said: "I have no experience in this area, but according to the construction of Singapore and Brunei terminals, as well as overseas data, the difference between container terminals and traditional terminals lies in the large number of mechanical lifting equipment, plus the berths will be different. In other places They are all the same;
I also invited a professional dock production company from the United States to come here to guide the work, and other parts were handed over to the Harbor Engineering Company. ”
“Seaport project? Is it the one Qi Dezun mentioned last time? "Yang Wendong asked.
Zheng Zhijie said: "Yes, this company specializes in the construction of docks and bridge infrastructure. In addition, although our Hung Hom Undersea Tunnel will be contracted to a British company, a large number of staff will still be contracted by The construction company here in Hong Kong is responsible. "
"Okay, this aspect can only be left to professionals. Yang Wendong nodded and said: "But during their construction process, we must also learn more, at least to ensure maintenance capabilities." "
"Don't worry, Yang Sheng, we know what's going on. "Zheng Zhijie smiled.
Yang Wendong asked again: "When will this terminal be completed?"
Zheng Zhijie said: "It is expected to take two years."
"Then it will be operational in the second half of 1969. ?" Yang Wendong said: "Then give me a plan for the subsequent progress, and I will arrange for someone to make it. Come and inspect it regularly.”
He doesn’t understand this kind of highly professional construction, so he only needs to watch the progress. As for internal quality and other issues, he leaves it to third-party professionals outside the company. That's fine. This is how Changxing Group has always operated. Many things are not just internal inspections.
"Okay, I'll give it to you in these two days." Zheng Zhijie said.
Yang Wendong asked: "When will the undersea tunnel be opened to traffic?"
Zheng Zhijie said: "The tunnel will take a little longer. It cannot increase manpower and can only do it step by step. It is expected to take three years. It won't be completed until mid-1970."
"Okay. , then I will wait for this day to come as soon as possible. "Yang Wendong added: "Hong Kong's manufacturing industry and economy are looking forward to these two large-scale infrastructure projects."
Infrastructure is a city's economic operation. At its core, the mainland developed so fast in the previous life because of the ability of the "infrastructure maniac".
Hong Kong is a city that does not have a lot of core infrastructure, but tunnels and piers are definitely the top priority.
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(End of this chapter)