Chapter 492: Leader of the Five Real Estate Tigers in the Future
“There is also a Yifeng Supermarket nearby, right?” Yang Wendong suddenly said again.
Zheng Zhijie said: "Yes, and there is more than one. Within the Central area, the number of Yi Feng supermarkets is much higher than that of Carrefour, even in places like Causeway Bay and Admiralty."
Even though Cheung Hing Group is Hong Kong's new wealth, its real estate control in the core area of Hong Kong is inferior to that of Land and even some The decline of the old British capital is much worse;
However, after this year's bargain hunting, in terms of the quantity and quality of land reserves, except for Land, no one should be able to match Changxing. This economic crisis , allowing Chang Hing Real Estate to easily acquire a large number of high-quality real estate that may not have been available in ten years, especially buildings in Central.
"Then go take a look." Yang Wendong suggested.
This is the first time that he has defeated the Jardines Group head-on. Although it is only a small industry, it still makes him very happy. In a few years, Hong Kong will enter an era where the Chinese will overthrow the British capital. He You can also do your own thing as you like, especially after the reform in 1978, it was an era of feast for capital investment.
Zheng Zhijie quickly pointed in one direction and said: "Yang Sheng, please come this way."
Everyone followed Zheng Zhijie's guidance and walked to another building, where Yifeng's supermarket is On the third floor of the building.
Zheng Zhijie introduced: "Yang Sheng, in places like Central, supermarkets, hotels, restaurants, etc. are basically all in office buildings."
"I know, every inch of land is precious." Yang Wendong smiled and said: "In the future, our Carrefour may be the same, and the current single-family houses will most likely be demolished in the future."
Different from mainland supermarkets Yes, supermarkets in Hong Kong are basically not built on a single piece of land. The reason is naturally that the land price is too high. If you do this, you will lose money.
However, thanks to Carrefour's early investment in some areas that are still marginal, there are also some supermarkets similar to those in the mainland in later generations, with detached houses and even parking lots. The original purpose of doing this was to take advantage of this opportunity. Hoarding land means that even if a supermarket like this loses money every year, when housing prices go up, it can easily buy another hundred goods inside.
In his early years, he invested in movie theaters, supermarkets, and even factories, all with this purpose.
After hearing this, Zheng Zhijie also smiled and said: "Yes, I have also acquired a lot of low-story properties here this year."
"In the future, real estate companies will need to rely on these properties." Yang Wendong nodded.
After everyone arrived on the third floor, they saw workers taking down the sign and changing the door number of Yifeng Supermarket to Carrefour Supermarket. Yang Wendong said to the assistant: "Xiaoying, we will change this to the name of the store later. Take some more photos, they might be useful later."
"Yes, Yang Sheng," Xiaoying agreed.
Then everyone followed in, walked around the supermarket, and bought some things casually, treating it as shopping. At this time, Liu Huayu also rushed over: "Yang Sheng, I didn't know you were here. Over here, I’m late.”
“It’s okay,” Yang Wendong said, “I just came over to take a look.”
Originally, he was just looking at the building in Central, so he didn't ask Liu Huayu to come over. It was probably because he suddenly proposed to come here, and the assistant informed him urgently.
Liu Huayu said: "Now all Yi Feng supermarkets in Hong Kong are preparing to change their names. In the future, we will be the only comprehensive supermarket chain in Hong Kong."
Yang Wendong nodded and said, "What about Yifeng?" I remember there are other supermarkets in Hong Kong, right?”
Hong Kong capital is good at learning. When others make money in one area, others will follow. After Carrefour succeeds, in addition to Jardine, there are other People saw the opportunity to get involved.
Liu Huayu said: "There are still a few, but they also suffered heavy losses in the previous price war between us and Yifeng, and with the overall economy not doing well this year, they will definitely be worse off;
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I have also contacted several of them and want to acquire them. Two have agreed and are negotiating the price, but two or three have not agreed. "
"Forget it if you don't agree. There is no need to force it. From now on we will operate normally and beat all our opponents in terms of cost, unless they adopt differentiated operations. "Yang Wendong didn't care either.
In the retail industry, the larger the scale, the lower the cost. Once scale is formed in a region, other brands will have almost no chance. This is why Wal-Mart in the United States has been able to remain alone. The big reason is that when it expands, others cannot compete. When it becomes a monopoly, others will No chance.
Although Hong Kong is just a city, it follows the same rule.
Liu Huayu nodded and said, "Yes, plus the property that Zheng Sheng bought for me. , after all of them are opened, our Carrefour will have more than 100 stores in Hong Kong, covering almost more than 95% of the urban population. ”
"After that, we will follow the development direction of each town. When there is a new population gathering, we will build new stores and maintain the fastest speed. In this way, we will completely control the retail market of Hong Kong supermarkets." Yang Wendong continued.
Any supermarket that wants to develop well must have its own foundation. Hong Kong is currently the first. Although it is a bit small, as long as it is well run, profits of tens of millions of Hong Kong dollars a year are not a problem;< br>
"Okay, Yang Sheng." Liu Huayu said.
Yang Wendong added: "While Hong Kong is successful, it must also quickly use the same method to gain access to the markets of the Gulf and Singapore, and then Malaysia. We give priority to investing in places where Chinese people gather. These add up to thousands of There are more than 10,000 people, which is quite a big number. Market. ”
There is no era of reform in the mainland. As a Chinese, it is natural to give priority to exploring the Chinese market. And if the supermarket successfully enters, it will be easier for other industries to enter in the future, such as its own various types of food. , KFC, cinemas, even real estate, etc. Liu Huayu replied: "I have also been inspecting Malaysia. There are indeed many Chinese there, and the rich people are also Chinese, so it is suitable for our investment."
“Well, after Southeast Asia and Singapore, our next key investment target is Malaysia.” Yang Wendong said with a smile.
Malaysia’s current population is almost 10 million, but most of the wealthy class are Chinese, and their spending power even exceeds that of Singapore;
There is no relevant data in this era, but a few decades later, Malaysia The Chinese who came here accounted for only 20%, but they contributed 60% of the tax revenue, which is enough to show how amazing the wealth the Chinese control in Southeast Asia is.
As the supermarket industry dominates the Hong Kong market, one of Yang Wendong's early goals has been completed. It is basically impossible for other consortiums to come in. Even if anyone can invest in this field, the scale can be achieved Low cost is the strongest moat.
Time soon came to November 28. On this day, Zheng Zhijie suddenly came to Changxing Building with an acquaintance he had not seen for a long time.
"Huang Sheng, long time no see." Yang Wendong said with a smile.
The visitor is Huang Yaonan, the chairman of the board of directors of CMB. Since Changxing Group cooperated with him to win the operating rights of CMB a few years ago, Yang Wendong has always abided by his verbal promise not to participate in the operation of CMB. Let the Huang family take responsibility.
"Hello, Yang Sheng." Huang Yaonan said politely.
A few years ago, although Yang Wendong was worth more than him, the gap between them was not that big, but now there is a huge difference.
"Sit down." After Yang Wendong greeted him, he asked: "Huang Sheng, what do you want from me?"
Huang Yaonan said: "Yang Sheng, according to our original agreement, if my side suffers losses for three consecutive years, I need to explain to you, and in the past three years, China-Brazil Company has suffered losses continuously, so..."
"Oh, this is normal, the economy has not been good in the past three years," Yang Wendong said: " Don't say you are here Bus companies that operate heavily on assets, including my media company, also suffered losses.”
From 1965 to 1967, the first half of 1966, the economy recovered slightly, and then fell rapidly, and housing prices fell. Knees were cut off, a large amount of capital was withdrawn, the rich immigrated, and local capital began to shrink. Ordinary people lost their jobs and reduced consumption. In this case, companies that rely on the local market will suffer serious losses.
"Thank you Yang Sheng for your understanding. Here are the operating data of China and Brazil for the first three quarters of this year. You can take a look at it when you have time." After Huang Yaonan took out a piece of information, he added: "Yang Sheng, I am here today. There’s one more thing.”
"Say." Yang Wendong also guessed that Huang Yaonan definitely didn't come just for an explanation.
Huang Yaonan said: "Although CMB has suffered some losses now, its vitality has not been damaged. There are many other transportation companies on the market that have suffered greater losses, so I want to take the opportunity to acquire some."
Yang Wen Dong nodded and asked: "This is indeed an opportunity, so which companies do you want to acquire?"
Under the economic crisis, the entire industry is declining. If you want to buy the bottom, you can do it in any industry, but Changxing Group's bottom-buying is all There is a plan and a choice The target is financial stocks, real estate, infrastructure or some industries with very large market potential.
As for other hundreds of thousands of small industries, they will not participate even if they increase dozens of times in the future. The benefits obtained are also limited. In addition, the management capabilities of a group are also limited. It is not that the own industry does not participate. Even if it is promising, it is enough to purchase some stocks or shares through finance. Participating by oneself will only increase management costs and even cause losses. Loss.
However, if the company he invests in decides to invest or acquire based on his own needs, he will support it.
Huang Yaonan said: "I have two directions. One is foreign-funded gas stations. In the early years, Hong Kong's gas stations were controlled by British and American investors. This can also be said to be an industry that makes money while lying down. Nowadays, Some foreign investors want to leave, I think this is a good Opportunity;
With my own gas station, it will be much more convenient for my bus to refuel, the cost can be controlled, and its own profitability is also very good.”
“This can be done. , I agree." Yang Wendong nodded.
For him, the gas station business is just like snacks. Hong Kong is just a city, and there are not many cars. The potential is limited, far behind the mainland, but for China and Pakistan , which is a good investment target.
Huang Yaonan continued: "My second target is a taxi company. Taxis in Hong Kong are licensed. In the early years, it was easy to obtain, but now it is difficult. Each license is more expensive than a car, and there is a taxi company. There are more than 300 taxis, and there are 120 red-plate cars that are being sold. I want to take them over.”
“Are you talking about Zhongyang Taxi Company?” Yang Wendong asked. .
There are very few cars in Hong Kong, and the same goes for taxis. There is only one company in Hong Kong that can have so many taxis, which is Zhongyang Taxi Company;
The founder is Hu Zhong, not very famous, Yang Wendong only knew about this person, but when it comes to his son, many people in later generations know that his name is Hu Yingxiang, the founder of Hehe Industrial, the leader of the five real estate tigers. .
Yang Wendong had also checked their family’s information a long time ago, but Hu Yingxiang had not yet taken control of the family’s wealth in the early years, so he did not intervene, and he began to enter the business world after his father dissolved the rental company this year. After retiring, he started to establish Hehe Industrial.
The future leader of the Five Real Estate Tigers will soon be on the stage of history.
PS: Please give me monthly tickets
(End of this chapter)