Starting out as a drug dealer in 1988
Chapter 480 Some doubts
Kuang Youzhi was obviously stunned. He originally thought that Zhao Wenhao would be very satisfied after seeing the data and would even praise him.
I didn't expect him to say directly: Too conservative.
This made him a little unhappy.
"Chairman, I don't understand what you mean?" Kuang Youzhi asked.
"Why is the debt ratio of our New Century Investment Company only 67%? Isn't this too low? Given our current situation, the debt ratio should be increased to around 80% to be reasonable," Zhao Wenhao explained.
When Kuang Youzhi heard this, his eyes widened.
He never intended to increase his debt ratio to such a high level.
In his opinion, a debt ratio of 67% is already very high, and if it increases further, the risk will increase significantly.
Moreover, he believes that the company's current development speed is already very fast and there is no need to accelerate development by increasing the debt ratio.
"Chairman, I think a debt ratio of 67% is sufficient. If it were to increase further, the risk would be too great. We can't just consider immediate benefits while ignoring future risks. Once the situation turns, it will be difficult for us to cope!"
Kuang Youzhi's voice became noticeably higher-pitched.
Zhao Wenhao shook his head slightly, then looked at Kuang Youzhi and asked softly, "So has the so-called turning point you just mentioned really appeared?"
After hearing this question, Kuang Youzhi's originally relaxed brows suddenly furrowed, a trace of obvious displeasure appeared on his face, and he replied in a heavy tone: "Mr. Zhao, please understand my position and responsibility.
As a professional manager, my first priority is to ensure that all risks are effectively controlled within a reasonable and acceptable range.
However, judging from the current situation, the risks we face are already quite enormous.
If there is any slight disturbance, such as falling housing prices, banks tightening credit, or large-scale fluctuations in the stock market, our New Century Investment Company will be completely unable to withstand these risks."
After a moment of silence, Zhao Wenhao slowly said, "Please continue."
He did not directly refute Kuang Youzhi's point of view, because he knew very well that everything Kuang Youzhi said was correct.
If he didn't know the future direction of historical development, he would never choose such a high-risk investment strategy.
Although he knew in his heart that what Kuang Youzhi said was reasonable, he still insisted on acting according to his own plan.
However, in order to appease this dedicated and capable person in front of him, Zhao Wenhao decided to listen to his opinions first.
After all, he needs to give the other party a chance to express his or her views and also to calm the other party's emotions.
"Mr. Zhao, last year you told me you were going to take out a loan to speculate in real estate, and you were certain the property market would boom this year. Your prediction was spot on, and I have to admire you."
Kuang Youzhi first praised him, then continued, "But since June, Hong Kong's property and stock markets have clearly shown signs of slowing down.
Although the transaction price is also rising slowly, the increase is not large.
Take the stock market for example. The Hang Seng Index has been hovering around 10000 points and has never been able to go any higher.
Obviously, most investors do not have enough confidence.
Under such circumstances, if we still adopt such an aggressive operating mode, I am really worried that something unexpected will happen."
Zhao Wenhao nodded to show his understanding.
He understood Kuang Youzhi's concerns, but he also had his own opinions and judgments.
After hearing what Zhao Wenhao said, Kuang Youzhi felt a little disapproving.
He felt that Zhao Wenhao was too confident and adventurous, and did not fully consider the uncertainties and risks of the market.
He reminded Zhao Wenhao, "Mr. Zhao, I know you have your own connections and information channels, but the market is complex and volatile, and no one can accurately predict future trends.
We cannot only see the immediate benefits and ignore the potential risks.
If we blindly follow the hype, we could suffer huge losses if the market fluctuates or reverses.”
Zhao Wenhao smiled and said, "Mr. Kuang, I know you're a cautious person, but sometimes being too cautious can lead to missed opportunities. I'm not blindly following the hype; I make my decisions after careful consideration."
I believe in my vision and judgment, and I also believe in the economic prospects of Hong Kong Island.
As long as we seize the opportunity, we will be able to reap rich rewards.
Of course, I will also pay attention to controlling risks and not put myself in a desperate situation.
Besides, I should know who I have been with recently. Some news cannot be spread, but I know it clearly.
Zhao Wenhao did not lie about this.
He has been dealing with investors from all sides every day these days, so how could he not know what they are thinking?
In addition, he clearly remembered that when the Hong Kong stock market reached its peak in 96, the Hang Seng Index exceeded 16000 points, but now it is hovering around 10000 points.
What does this mean? It means that Hong Kong stocks still have a lot of room for improvement.
The same is true for the real estate market.
Of course, in this case, Zhao Wenhao couldn't explain to Kuang Youzhi, as this was his biggest trump card.
"Mr. Zhao, do you have inside information?" Kuang Youzhi was a little surprised, but when he thought about the people Zhao Wenhao had contacted during this period, he was not too surprised.
Zhao Wenhao pretended to be unfathomable, smiled strangely, and nodded. "Don't be afraid, I'll take care of everything. Just do as I say, and I believe you'll have a very good reward."
Kuang Youzhi looked solemn. According to his professional experience, the situation should have slowed down during this period.
But the boss hinted that there was reliable inside information, which forced him to re-examine his trading methods.
"I understand, Mr. Zhao." After a few minutes, Kuang Youzhi nodded cautiously, "I will adjust it immediately. Also, please maintain close contact with those people, Mr. Zhao. I believe it will have a positive impact on our operations."
In the end, Kuang Youzhi chose to believe Zhao Wenhao's so-called insider information.
In fact, if Kuang Youzhi did not seriously implement Zhao Wenhao's policies, he would even consider replacing him.
Therefore, Kuang Youzhi had no choice but to agree.
A few days later, Zhao Wenhao temporarily dealt with the affairs in Hong Kong Island and then set off back to Xuanzhou.
"I'm back!"
That afternoon, Zhao Wenhao didn't even go to the company and rushed back home directly.
After being separated for nearly 20 days, Zhao Wenhao missed Yang Yue and the baby in her belly very much.
At this time, Yang Yue was leaning back on the sofa, while Zhao Aiguo and Wei Chunlan were sitting on the other side.
Seeing Zhao Wenhao coming back, Yang Yue forced a smile and wanted to get up.
"Don't move, sit down quickly." Zhao Wenhao was not willing to let her get up to greet him, and quickly helped her sit down again. "Mom and Dad, is something wrong? I don't see you looking too happy."
Zhao Wenhao glanced at the two old men and asked with some confusion.
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