We are all reborn, who wants to be the richest man?

The era of picking up money.

This is the topic that Hong Kong media has been hyping up recently, and it is talking about the grand event of Far Eastern companies going public one after another in January and February.

Although the listed valuations of Honor Computer and Far East Chip reached 25 times the price-to-earnings ratio, and Far East Systems set the price at 30 times in accordance with Luo Nianzhong's requirements, they still could not stop the enthusiasm of investors.

The reason why Far East Systems is favored by investors with such a high market value is because Simone, President of Far East Systems, acquired YD Office.

Simeone was a talent poached by the Far East Group from a visual company. Although he agreed with Luo Niangzhong's initial approach of exchanging price for market, this also led to the Far East System's poor revenue capabilities.

Although Far East System has just released a graphical interface system, the current graphical interface system is not exclusive to Far East System.

To be honest, Far East Systems and Apple both borrowed systems from Visual Company, and they are the originators of graphical visual interfaces.

Simone was one of the people in charge of this project when he was at Visual Company, which is why Far East Group recruited him to serve as CEO of Far East Systems.

Since he took office, after knowing that Far East System was going to be launched, he purchased Office software and bundled it with Far East System.

He knew very well that based on Far East System's revenue alone, the final valuation would definitely not satisfy the group and Luo Nianzhong, so increasing revenue was the best way to increase the valuation.

Even though the Far East system only costs US$20 per set, Office is not cheap, costing US$100 per set.

But even so, based on the fact that the shipment volume of these two software is about two million units, it is far from enough to reach the valuation profit of Luo Nian Center.

At this time, Simone's cool move came. He divided word and excel into enterprise version and normal version.

The regular version is very simple and costs $100. It has all the small office software that follows suit on the market.

As for those key developed exclusive functions that are of great help to the enterprise, he put them in the enterprise version.

The enterprise version is not as cheap as the regular version. Basically, the price difference is several times.

However, for many companies, this amount of money is nothing at all. Time and efficiency are what they value most.

In this way, under Simeone's operation, Far East System forced him to achieve a full-year profit of US$82 million in 3.87.

This also allows all investors and investment institutions to see new possibilities.

Electronic office is the future trend, this is the consensus that everyone knows.

As more and more companies begin to work electronically and the popularity of computers becomes higher and higher, Far East Systems has unlimited possibilities.

Moreover, the current price of Far East System is obviously low. It is certain that the price will increase significantly when Far East System fully informs the market.

You must know that Simeone said during the road show that Far East System will increase its price by at least 50% this year.

It is this future that can be expected that has recognized the high valuation of Far East Systems.

From the beginning of the road show, the oversubscription multiple of several hundred times fueled the enthusiasm of investors. It is said that if you grab it, you will make money.

This price-to-earnings ratio valuation can be oversubscribed hundreds of times, which is also regarded as a recovery of the stock market in Europe and the United States.

Especially the U.S. stock market, affected by the great economic stagflation, the average price-to-earnings ratio of U.S. stocks fell below 10 times for the third time in history when it was at its worst. You must know that the first two times were due to world wars.

The listed companies of the Far East Group not only have high valuations, but also have such high price-to-earnings multiples that even when the U.S. stock market was booming, there were very few companies with such high price-to-earnings ratios. There are no listed companies that can reach this price-to-earnings ratio that are not in the top 20 in market capitalization.

Regarding this, Luo Nian said in the center that this is the technology industry. In the future, Nasdaq's P/E ratio of 30 to 50 times will be the norm. During the bubble, P/E ratios of 100 times were all over the sky. I am just giving you a good start so that you can adapt. one time.

Far East Group headquarters, Luo Nianzhong's office.

In the office at this moment, in addition to Luo Nianzhong himself, there was Welch and Far East Bank President Du Huilian. The three of them were discussing the preparations for the various changes of Far East Bank that would start three days later, that is, January 1st.

The settlement bank was okay, but as the Hong Kong government's financial treasury and foreign exchange reserve fund contained huge funds, Luo Nianzhong could not let them just sit there and ignore them.

Generally speaking, a country's foreign exchange reserves will be invested in low-risk, stable products such as U.S. bonds and gold.

But Far East Bank is different. Although it performs the duties of the Central Bank of Hong Kong Island, it is still subject to the supervision of the Hong Kong government.

There is no problem in using foreign exchange reserves. This is an unspoken rule, but it is not up to you to decide how much to use.

After all, if you have fun, the Hong Kong government will be the one to wipe your butt in the end, right?

Relying on the size of the Far East Group, Luo Nianzhong could afford to lose everything.

But the accounts cannot be settled this way, and the Hong Kong government is unlikely to agree.

In Luo Nianzhong's view, 30% is a critical point.

If we want to buy U.S. bonds and gold, the Hong Kong government will definitely be more liberal on this basis, because this is one of the most valuable and safest investments.

However, Luo Nianzhong does not plan to buy these things. Although the value is stable, the growth rate is a bit unworthy of mention in his opinion.

He plans to switch to an industry that is more stable and profitable, and that is infrastructure.

"I will spend all this money on infrastructure. Rabbit, South Korea and Temasek are the three top choices."

"Infrastructure?" Du Huilian was a little surprised.

Like U.S. bonds and gold, infrastructure is also an industry with a long return cycle.

However, this industry is not as stable as U.S. debt. Even though many tycoons made their fortunes in infrastructure, this industry is very policy-dependent.

For example, there are two cities. City A has a very developed export manufacturing industry, and City B is a port city.

Then the logistics and personnel exchanges between these two cities must be very frequent. At this time, it will definitely be profitable if you build a highway between the two places to collect tolls.

However, if the policy suddenly changes, City C, not far from City B, will also vigorously develop a port, and because of some preferential policies, the cost of exporting to City A will be lower.

How is it possible that the cost-recovery time of the highways in the two cities of AB at this time is as expected?

Build a port directly at the source? Isn’t that still the same truth?

"Isn't it a little too risky? This is a business without capital. Wouldn't it be better to be more prudent?"

There is nothing wrong with Du Huilian's dissuasion. As a decision-maker and leader of Far East Bank, as long as the boss is not a helpless man, choosing Du Huilian's suggestion is the safest and most reliable one.

But his boss is Luo Nianzhong. It's not that he can't support him but he doesn't need to support him.

You can't even use the word "no support". You have to hold on to it at all times, otherwise it will fly away if you are not careful.

"Just listen to me. Even if you lose everything, I can afford it."

This is not Luo Nianzhong's mother's pretense, but a fact.

The current foreign exchange reserves of Hong Kong Island are around US$370 billion. This is due to the economic drive of the Far East Group. Historically, it only reached this figure seven years later.