Chapter 189 Hong Kong Entertainment Stock God
Chapter 189 Hong Kong Entertainment Stock God
Except for mail.
At that time, the stockbroker even called me about this.
But Fan Wumian was busy filming a movie, and when he learned that the credit line of 2 million Hong Kong dollars could only be used for margin trading and securities lending, and could not be borrowed at all, he responded with a few words and found an excuse to hang up the phone, treating it as a spam call.
I was too poor before and didn’t need to think about how to manage my finances, so I didn’t know much about the regulations on margin trading.
He checked online and found detailed examples on the official website of Tonghai International Securities.
There is a paragraph in it that says -
“Assuming that a customer has a principal of HK$15, the upper limit of the loan for this account is HK$100 million, and the collateral ratio of Cheung Kong Holdings is 85%.
The client only needs to invest HK$15 and borrow HK$81.7 from the broker. Based on today's stock price, the client can buy 96.7 shares of Cheung Kong Holdings. The amount does not exceed the client's account loan limit of HK$100 million, so the transaction can continue.
According to the securities lending regulations, the Cheung Kong shares purchased by customers will be marked as collateral by the system, and the customer's 15 yuan will be used as margin."
To put it simply, it means using leverage to borrow money to trade stocks.
If the Cheung Kong shares worth HK$96.7 fall to HK$81.7, the client will lose all of his HK$15 capital. If he is unable to pay the margin, his position will be forced to close.
With a capital of HK$15, you can hold stocks worth a maximum of HK$100 million, which is equivalent to more than six times the leverage.
The more Fan Wumian looked at it, the brighter his eyes became. This was exactly what he needed.
If he had known earlier that he could do this, he would have made more than 100 million Hong Kong dollars from his investment in penguin stocks in the past few months.
However, there is no limit on the daily rise and fall of Hong Kong stocks. If Fan Wumian were really asked to take out all his assets and give it a try, he probably wouldn't dare to do so.
After all, we only know the general upward trend, but the market actually goes up and down during the period. It is very likely that a wave of decline will wipe out Fan Wumian's margin, so the risk is obviously higher.
It shouldn't be a big problem to test the waters with this idle fund of 6000 million Hong Kong dollars.
For big clients like him, stock brokers provide 24-hour service. After finding the contact information marked as "Wan Jialei (Tonghai Securities)", Fan Wumian made a call and asked directly:
"Some time ago, your company provided me with a loan amount of 2 million Hong Kong dollars. Is it still valid now?"
"Of course it works. May I ask what business you want to do, Mr. Fan?"
"Short lending. Continue to buy more shares of Penguin Holdings. I have 6000 million Hong Kong dollars of idle funds here. Can you please increase the loan limit a little bit? What is the maximum you can raise it to?"
After listening to Fan Wumian’s words.
The stockbroker Wan Jialei was silent for a few seconds and told him:
"In fact, I have been paying attention to the stock of Penguin Holdings every weekday. It seems that its increase this year has reached 22%. Congratulations to Mr. Fan for accurately buying the bottom and making tens of millions."
"However, its increase this year is too high. I don't recommend buying it all. Moreover, with such a high leverage, you may encounter greater fluctuations."
"Of course, the key is what you think, Mr. Fan. Penguin Holdings does not have many shares in circulation on the market. The cost of borrowing from major shareholders should be relatively high. If you want to increase the limit, I can call my boss. Is 3 million Hong Kong dollars enough?"
Since he had already decided to increase his position and temporarily use the idle funds on hand, Fan Wumian felt that there was almost no difference between five times leverage and six times leverage.
By then, he will still have money in his hands to replenish the deposit.
Even if there is a sharp drop, you will be able to make back your capital with interest sooner or later, and the risk is almost negligible.
then.
Fan Wumian said on the phone:
"It would be better if it is raised to 4 million Hong Kong dollars. I still have tens of millions of Hong Kong dollars in my company's account for emergencies. Don't worry that I will run away."
Wan Jialei thought that Fan Wumian was like many people who, after tasting the sweetness of stock speculation, became more and more greedy.
For big clients like this, if you are lucky you can make a lot of money, but if you are unlucky you can suffer heavy losses.
Honestly.
Wan Jialei finds it difficult to understand this "gambler mentality".
Since you have hundreds of millions in your hands, you already have no worries about food and drink, which is enough for you to live a carefree life. Why would you take risks?
It seems that it can only be described as seeking excitement and being greedy.
How would she know?
While others were frantically increasing leverage and short selling as if they were risking their lives, Fan Wumian thought it was picking up money.
He admitted that he did not have the ability to become a powerful business tycoon and start his own business. So, at least in the short term, he had decided to hang himself on the "Penguin Holdings" stock.
Because Fan Wumian was too young and had become rich at a young age, Wan Jialei tried to persuade him with some words.
Seeing that he had made up his mind, he only replied:
"Okay Mr. Fan, I'll contact my boss now and call you back later."
The other Penguin shares held by Fan Wumian are also opened and managed at Tonghai International Securities, and the total book profit has exceeded HK$7100 million.
With this batch of stocks in hand, there is certainly no problem in increasing the borrowing limit.
After receiving a positive response that night.
The next morning, Fan Wumian went to Queen's Road in Central in person.
I went to the headquarters of Tonghai Securities in Gangcheng, went through some procedures in the VIP room, and asked the trader to help me rebuild my position.
It is more troublesome to short sell Hong Kong stocks, but it is relatively simple to go long by margin lending. The cost of increasing the borrowing limit is that the annualized borrowing interest rate will increase to 7.5%.
That morning, he bought 2.12 million Hong Kong dollars worth of Penguin shares through securities brokers. He was one of the major shareholders of Penguin Holdings.
As soon as the announcement of Fan Wumian’s short selling came out, the share price of Penguin Stocks soared, up 6.1%!
This made the traders who were helping him to trade both happy and troubled, and they had to postpone the subsequent operations.
I hope to wait until the storm is over and the stock price has adjusted before continuing to buy short.
It is no longer a secret in the market that Fan Wumian prefers penguin stocks.
This time, his "return to the arena" helped him get into a lot of hot news, including both entertainment and financial pages, and he was jokingly called the "Hong Kong Entertainment Stock God".
There is no way to be sarcastic.
After all, Fan Wumian did earn tens of millions of Hong Kong dollars by investing in Penguin stocks. Andy Lau worked hard last year to invest in filming movies, holding concerts, and taking endorsements. The money he earned in a year was not as much as he made from stock trading.
The disadvantages of being a celebrity and investing in stocks are obvious.
After waiting for three or four days, Penguin's stock price not only did not fall after it went up, but continued to rise by about 4%.
This made Fan Wumian happy that he had made money, but he also felt pained that he could have made more.
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"Wow, you stinky boy, you still remember to come back? Did your dad die at home, and you won't know until he stinks?"
"Have you watched the TBV TV series "Scholar Meets Soldier"? I played a landlord in it, and I was only paid 9000 yuan per episode."
"Come, have a pineapple bun to calm your nerves. Who told you to come here without calling me? I met Ajie in the dance hall. Her dead husband took the girl he met in the dance hall out for a ride a few years ago. The car overturned and was sent to the hospital. Both of them died. They left her two prosperous shops near Temple Street. If I marry Ajie, you will have a sister."
"."
The one who spoke was Silly Old Fan.
When Fan Wumian just returned home, he saw a short-haired woman in her thirties opening the door and thought he had come to the wrong house.
Later I realized that this was the spring for my old man.
Fan Wumian certainly would not interfere in such matters, and said calmly:
"Dragon Boat Festival, I wanted to give you a shopping card. If you are really a rich woman on the list, then forget it. But what does a rich woman like you who owns two popular shops want to be with you? Be careful, love is a light that makes you feel green."
".Wow, you live in a mansion in Repulse Bay, drive a multimillion-dollar luxury car, and can earn tens of millions for releasing an album. I'm giving you face by not asking you for money, and you actually come back to curse me?"
Silly Old Fan was just mean, but he wasn't really angry. He sat on the sofa with his legs crossed and added smugly:
"I am a celebrity after all. It will be very prestigious for her to take me out. Next time I want to invite Ajie to your mansion, you won't even give me this little bit of face, right?"
Understood in seconds.
This is to show off muscles in front of women.
Feeling that this cheap dad hasn't given him much trouble recently, Fan Wumian said:
"Then consider it your Dragon Boat Festival gift. You can take her to visit. It will take two hours. I will tell the security guards to let you know. Be careful or I will chase you away when the time is up."
"Wow, you are so cold-blooded. I wonder who you learned this from."
"Is there any need to ask? You."
Fan Wumian ate a pineapple bun and muttered:
"If you had sold this house last year, and we had started to invest in stocks and make movies together, your net worth would have been at least 70 to 80 million Hong Kong dollars. Unfortunately, you didn't seize the opportunity to turn your life around."
Silly old Fan felt so painful that his eyes twitched. He looked at his "retirement home" and asked tentatively:
"House prices seem to have started to rise recently, and several houses in the building have been sold. If I invest in your movie now, can you guarantee that I won't lose money?"
She felt that if her old man didn't get rich, he would sooner or later become concerned about her.
Fan Wumian nodded and said:
"You can sell it. I can cover the cost for you and guarantee that you will not lose money. But where will you live after you sell the house?"
".Go out and rent a house, or move in with Ajie for a while. She lives in the building next door, a thousand-square-foot mansion with four rooms."
"Wow, that's really a lot. It's hard to find such a kind woman. You should stop being so frivolous."
Fan Wumian sat on the sofa, crossed his legs, and reminded:
"As long as the price is right, I will sell the house and cash in three or four million yuan, and use all the money to buy Moutai shares in the mainland. Don't worry about the rest, just wait for the dividends to live, and sell it when I notify you."
Since this was about money, Silly Old Fan looked particularly serious and asked:
"The mainland stock market has fallen sharply recently, and it has fallen below 1000 points. Even I have heard about it in Hong Kong. Are you sure you can buy it?"
Fan Wumian was too lazy to explain. He put his finger to his mouth and whispered:
"Don't ask, if you ask, I know someone."
Even if you talk to Silly Old Fan about a bunch of professional terms, it won't be as useful as the phrase "knowing people".
With a gleam of knowledge in his eyes, Silly Old Fan slapped his thigh and said in surprise:
"Why didn't you tell me about this earlier? I had a poker friend who made millions thanks to his wife's gossip. I heard he bought a small yacht and went fishing all day."
(End of this chapter)