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Text Chapter 110 Hitchhiking

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    Sure enough, on Saturday afternoon, Hong Kong newspapers and news began to report on Fanxing Electronics' acquisition of Fairy Factory.

    In this era, Hong Kong¡¯s satellite TV station had not yet been opened in Yuanyin City. Xiao Qi could only watch Hong Kong¡¯s satellite TV Chinese Channel, Jade Channel and several limited channels in the luxurious room of the government hotel.

    Without exception, these channels have begun detailed reports on the Fairy Factory in the financial column.

    It has only been more than three months since the Fairy Factory started production. It covers third- and fourth-tier small cities in China. It is also very low-key, so it is not well-known at all.

    But the reporters in Hong Kong were very professional. Not only did they introduce that Fairy Factory exclusively owns MediaTek¡¯s 30 million mobile phone chip solutions, they also went to Baodao and Nanwan to interview various parts manufacturers, where there was a bustling production scene.

    Then they focused on Yuanyin City, using cameras to capture the busier appearance of the Fairy Factory. They also filmed the scene of hundreds of dealers blocking the door to get goods. The dealers grabbed mobile phones directly from the warehouse door.  The scene of carrying the box back to the car and leaving quickly made Hong Kong people even more surprised: How can such a cheap and simple mobile phone sell so well?

    Then, the reporters naturally went to interview many counties and rural areas.

    Needless to say, in the county town, there are dozens of shops that appear continuously on the screen. As soon as the mobile phone arrives in the store, it will be robbed by someone with banknotes.

    On the TV screen with subtitles, people listened to the reasons why farmers like this kind of mobile phone, and then actually experienced the effect. Even several famous reporters in Hong Kong repeatedly said that it is good, and it is most suitable for the elderly and people with few other needs.  use.

    That¡¯s basically what the report said, but people in Hong Kong have already felt how popular and best-selling the Fairy mobile phone is, which covers most of China¡¯s counties and rural areas.

    They also began to realize how much profit Fanxing Electronics would get after buying such a mobile phone factory.

    After things fermented on Saturday and Sunday, Hong Kong people who originally like to make money in the stock market, the market opened at 9:30 on Monday, February 19th. In the pre-market period of the first half hour, people started to  They immediately rushed into the stock market and snapped up shares of Fanxing Electronics as soon as possible.

    Hong Kong has no upper limit and lower limit restrictions, and their stocks are green when they rise and red when they fall, which is opposite to the mainland.

    Therefore, people can see in a blink of an eye that at ten o'clock at the beginning of the continuous trading period, Fanxing Electronics' stock immediately turned green, and then the numbers continued to rise, breaking through the 20% increase in ten minutes.  , and the momentum remains unabated and continues to rise.

    It¡¯s not just people in mainland China who have the mentality of buying up and not down, Hong Kong people are the same.

    Obviously knowing that Fanxing Electronics will have a monopoly on the market for at least half a year after buying the mobile phone assembly factory, and because the prices of parts are cheap, even small profits can make a big difference, so everyone's expectations for Fanxing Electronics are already high.  People are following it, and more and more people are buying it.

    During the lunch break, financial TV stations and newspapers began to interview and add fuel to the flames, focusing on the popularity of Fanxing Electronics, which once again aroused great attention.

    Until 16pm on Monday, when the stock market officially closed, Fanxing Electronics had soared from 3.47 yuan at the opening to 5.04 yuan, an increase of 45.2%, making it the king of the Hong Kong stock market that day!

    The next day, Fanxing Electronics Chairman Feng Peide held a press conference at the Peninsula Hotel in Hong Kong, officially announcing that Fanxing Electronics had acquired the Fairy Factory in Yuanyin City and renamed it Fanxing Factory, and would increase the price of the new Fanxing mobile phone by RMB 100. He was optimistic.  It is estimated that within half a year, the mobile phone business will bring the company 10 billion yuan in revenue!

    Ten billion yuan, that¡¯s ten billion Hong Kong dollars!

    Hong Kong stock investors, who were already extremely stimulated, immediately crowded the securities exchange market as if they were given a shot of chicken blood. They rushed to buy Fanxing Electronics stocks on the market. Finally, at the closing time, Fanxing Electronics stock prices dropped.  It was 8.41 yuan, an increase of 66.88%, once again creating a miracle.

    On the third day, more financial people began to pay attention to Fanxing Electronics, and various comments were heard. Among them, the report broadcast by Jade Channel to interview Baodao MediaTek was the most eye-catching.

    Mr. Cai, chairman of Baodao MediaTek, admitted that because of the good relationship with Fanxing Factory, even when new chips are mass-produced, Fanxing Electronics will still give priority to supplying Fanxing Factory. Even among the 70 million chips produced in the second half of the year, Fanxing Electronics  Another 20 million units have been ordered, and the number of orders per year for the next three years has exceeded 50 million units.

    ¡°Even with the introduction of cheaper mobile phone chips,?, the low-end mobile phone price war is coming, so relying on the strong brand advantage and market opportunity, Fanxing Electronics will definitely be able to maintain the profit of 100 yuan per mobile phone. Calculating the profits of their mobile phones every year in the next three years,  It will exceed HKD 5 billion, far exceeding their current total profit of HKD 2 billion per year!  "

    "We at Ono Securities Company evaluate Fanxing Electronics' stock as a strong recommendation to buy."

    "Standard & Poor's has revised its credit rating for Fanxing Electronics from A to AA!"

    ""

    After a day of continuous good news, even though Hong Kong people had already digested the good news that Fanxing Electronics had bought a golden hen, they were still buying Fanxing Electronics stocks that were flowing out of the market in such a fanatical atmosphere. Finally,  The closing price on this day was 12.06 yuan, an increase of 43.46%

    It was on this day that Xiao Qi ordered the manager of Citibank Hong Kong Branch to sell all the stocks in batches at an average selling price of 11.82 yuan. After excluding all stock market transaction costs, the net profit was about 8 billion 3.6 million yuan.  , the amount returned with interest is RMB 10.9736 billion.

    ????????????????????????????????????????????????????????????????? together with 7% of the profit to Citibank, which is 483.6 million. In the end, Xiao Qi left a full 10.45 billion in the Citibank account!

    Except for the 2.25 billion that was to be transferred to Fairy, Mei Ji, and Master He back to Chengdu Citibank, Xiao Qi did not transfer the remaining 8.2 billion yuan back to the country.

    To this end, Tony made a special call to complain: "Xiao, I have been scolded by Mr. Jabil from the Asia Head Office, saying that the dividend ratio I set is too low. You have to compensate me anyway, right?"

    "Okay." Xiao Qi laughed, "I will leave this money with you for the time being, and if I use it to purchase things or invest in the future, I will entrust you with Citibank to handle it. Is that okay?"

    "Haha! Thisyou are such a friend!" Tony suddenly smiled on the other end of the phone, "I got another bottle of good Scotch whiskey here. Next time you come to Chengdu, let's drink together!"

    He thought he had taken advantage, but he didn¡¯t know that Xiao Qi would often do business with American companies in the future, so doing so would be more beneficial to Xiao Qi.
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