Chapter 1159: All eight companies are listed

Galaxy Pictures is still creating miracles.

In order to boost the stock price after its listing, Galaxy Pictures announced its financial report the day before yesterday, but the financial report announced only covered the period up to November 15th.

According to the normal annual financial report, it is from January 1st of the year to December 31st at the end of the year.

This means that Galaxy's annual financial report actually lacks revenue and profits from one and a half months.

Therefore, the total revenue of HK$2.148 billion and net profit of HK$1.515 billion announced in the financial report are not the limit.

The film 'E.T. the Extra-Terrestrial', a co-production by Galaxy Studios and Metro-Goldwyn-Mayer Studios, is still being shown worldwide, and Galaxy Studios' self-produced films will continue to be released.

Some institutions estimate that after the next one and a half months, Galaxy Studios' annual total revenue will exceed HK$2.4 billion, and its net profit will be between HK$1.68 billion and HK$1.75 billion.

Therefore, in reality, Galaxy Studios' price-to-earnings ratio should be calculated based on the estimated net profit.

Galaxy Studios is the absolute film overlord in Hong Kong, Macau, and Southeast Asia, and it is also the largest film company in Asia. There are no competitors that can pose a threat to it. Now it has even entered Hollywood and successfully established a foothold there.

In addition, Galaxy Studios is fully supported by Universal Studios, the world's cinema overlord, and assisted by the resources of the Jiuding Culture Media Group.

Most importantly, Galaxy Studios is arguably the first publicly listed company under the stock god to go public that has not been privatised through acquisition, and naturally wears the aura of the stock god as an added bonus.

All of this has led investors to have great expectations for Galaxy Studios, which has gradually boosted the stock price of Galaxy Studios to even greater heights.

At the morning break, the stock price of Galaxy Movie Company surged to HK$8.43 per share, pushing the market value of Galaxy Movie Company to a high of HK$25.35 billion!

And by the afternoon break, the stock price of Galaxy Movie Company was fixed at HK$9.52 per share, and the market value was fixed at over HK$28.56 billion.

If we follow the expectations of Jiuding Securities Company for the annual net profit of Galaxy Movie Company of HK$1.73 billion, the price-earnings ratio is 16.5 times!

At around 3:00 p.m., Galaxy Films' share price once soared to HK$10, pushing the company's market value to HK$30 billion.

However, to everyone's regret, it did not stabilize at the market value of HK$30 billion and fell again.

Nevertheless, with a market value of HK$28.56 billion, Galaxy Films has firmly taken the throne as the Hong Kong company with the highest market value.

After the stock market closed, the impact of Galaxy Films' listing continued to spread.

With a market value of over 28.56 billion Hong Kong dollars, it is ranked first and towers above the rest!

Galaxy Films has become a presence that no one can ignore!

In the office of Golden Harvest Films, Wrinkles Wai is

'horrified, just horrified!'

After learning about the market value of Galaxy Films, Ho Koon-cheong can't stop exclaiming, and his voice is even shaking a little.

With a complex expression, Wrinkle Wai added with a bitter face, 'Yes, the market value once reached 30 billion Hong Kong dollars, ranking first in Hong Kong, which is a glory that the Hong Kong film industry has never had before.'

'Unfortunately, the one who created this glory is our competitor, which is the most frustrating...'

Thinking about the situation of his own Golden Harvest, Wrinkle Wai's face became more and more bitter, and he felt very uncomfortable.

At this moment, he could see no hope of surpassing Galaxy Studios.

The ambitions he had mentioned just a few months ago had been dealt another heavy blow!

This year, Golden Harvest's total revenue was just over 120 million Hong Kong dollars, and its net profit margin was also far behind that of Galaxy Studios, which was currently just over 24 million Hong Kong dollars.

If Golden Harvest were to be listed now, it would be considered excellent if it could obtain an eight-fold price-to-earnings ratio, but the market value would still be less than 200 million Hong Kong dollars.

The gap with Galaxy Studios is more than 100 times!

Galaxy Studios' annual net profit is more than 70 times that of Golden Harvest Studios.

Competition my foot!

Seeing Wrinkles Huai's dispirited state, He Guanchang understood his pressure and patted Wrinkles Huai's shoulder to comfort him, saying, 'Wrinkles, don't be so stressed. We agreed a long time ago not to compete with Galaxy Studios, as long as we surpass ourselves every year is enough!'

'What's more, now Galaxy Studios has become the biggest company in Hong Kong, with an annual net profit of 1.5 to 1.6 billion Hong Kong dollars. I'm sure there are many tycoons who are tempted to enter the industry.'

'Galaxy Studios is under a lot of pressure. It will face competition several times greater than it does now, and it's hard to say whether it can continue to thrive.'

Ho Koon-cheong's words of comfort only made Wrinkled Wai feel even worse.

He said sadly, 'Ho, you're wrong. If other tycoons enter the industry, the ones who will feel the most pressure are us!'

'Galaxy Studios has the support of Universal Circuit and Jiuding Newspaper Company, and they are sitting comfortably, not at all afraid of competition. Our lives and the lives of the smaller companies behind us will be difficult...'

He Guanchang reacted, his face fell, and he was speechless for a long time.

...

That night, Wu Siyuan took the opportunity to extend an invitation to Xia Yu. Considering certain circumstances, Xia Yu agreed, of course bringing Li Qian with him.

The night was star-studded. Before Xia Yu arrived, Wu Siyuan and Yuan Heping were the two centres of attention, but when Xia Yu arrived, he instantly became the focus of attention. Almost everyone was very reserved, wanting to come over to say hello but afraid to do so, which Xia Yu found interesting.

In particular, the actresses all looked at Xia Yu with burning eyes, eager to recommend themselves to him, but when they saw Li Qian, who was always holding onto Xia Yu, they felt ashamed.

That night, Xia Yu did not stay long. Before leaving, he deliberately gave Wu Siyuan a lecture, warning him that the company's listing was just the beginning. If the business is not managed well, no matter how high it climbs now, it will fall even harder later. The lecture shattered Wu Siyuan's bad mentality. Seeing that the words had an effect, Xia Yu left.

The next morning, news about Galaxy Studios flooded the media, and the public were bombarded with it.

However, Galaxy Studios did not dominate the headlines for long.

Over the next two weeks, the remaining seven companies were all listed in quick succession.

Towngas had a market value of HK$4.67 billion.

Hongkong Electric had a market value of HK$5.74 billion.

Jiuding Hotel Management Group has a market value of HK$4.35 billion.

The Dairy Farm Company has a market value of HK$1.47 billion.

Jiuding Transport Group has a market value of HK$1.69 billion.

Hutchison Whampoa Group has a market value of HK$6.24 billion.

Cathay Pacific Airways has a market value of HK$5.37 billion.

None of the companies has a price-earnings ratio lower than 10 times, which shows how the market is chasing Xia Yu's eight companies that have been listed.

The combined market value of the eight companies reached 58 billion Hong Kong dollars, directly increasing the total market value of the Hong Kong stock market by 12%!

The listing of the eight companies also achieved Xia Yu's goal.

The listing of each company has made a group of investors make a lot of money, which has greatly stimulated the enthusiasm of investors and helped the daily trading volume of the Hong Kong stock market once again reach the scale of 3 billion Hong Kong dollars.

Even if it will fall back later, it will definitely not fall below the line of 2.5 billion Hong Kong dollars.

With eight companies listed, Xia Yu allocated most of the shares that should have been placed to his other financial companies, but in order to stimulate the market, he still released some of the shares to keep trading active.

As a result, he had an additional HK$5.2 billion in liquid funds in his hands, which he temporarily handed over to Jiuding Securities Co. to manage.

As for his apparent personal wealth, it also remained unchanged, simply because he did not hold even a tiny bit of equity in the eight listed companies.

Whether the public believed it or not was none of his business, and with the Jiuding Culture Media Group leading public opinion, he didn't need to worry...