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Chapter 1424: Chapter 1271: Soaring Endlessly (Please Subscribe!)
In an instant.
Dozens of stocks all turned red.
Same as in Huaxia.
Red denotes a rise.
Green denotes a fall.
Then.
Everyone in the hall saw the Myanmar Environmental Technology Company’s shares skyrocketing. In the blink of an eye, it surged from six point six Yuan to eight Yuan, and it was still climbing at the rate of several points per second.
Eight point five one.
Nine point seven two.
Ten point zero one.
...
In just one minute.
It rose close to twelve Yuan.
Don’t overlook this figure, twelve signifies that in this one minute, the buy orders for this company approached forty billion Asia Dollars, an undeniably substantial amount, especially considering many institutions hadn’t made their move yet.
Among the crowd.
Excitement was universal.
Some institutions who got in at the issuance price were thrilled, selling now would yield a huge profit, while those who missed out on the issuance price only had the option to trade on the secondary market, ruing their late arrival.
Missing out on the institutions’ entry window.
"Seems like heaven wants us to make money," Wangsa whispered to Tang Kai.
Tang Kai also nodded with a smile.
"I don’t know about heaven, but Ling definitely wants us to make money," watching Ling’s figure in the distance, he suddenly felt as though he was looking at the God of Wealth.
On the screen.
Prices continued to climb.
But the pace had slowed down.
Tang Kai wasn’t concerned.
It was only the call auction now, the market hadn’t opened yet. Checking his watch, it had been five minutes; at this point, orders placed during the call auction period could not be canceled, only placed, therefore the price would be closer to the opening price.
Nine ten.
The market officially opened.
In a flash.
What was originally zero trading volume instantly changed into a massive number, six hundred and seventy-five million shares, with a turnover rate close to twenty percent. Tang Kai knew that some people were getting anxious.
Those selling.
Mostly individual investors.
A considerable number of people don’t know how to trade, they might have simply instructed their brokers to sell once their shares doubled or increased by one and a half times, so during the call auction period.
The brokers did their duty.
Simply took the issuance price and multiplied by one and a half.
And hung it up for sale.
In this respect.
He believed it was the correct decision. Stockbrokers should faithfully fulfill their promises, earning the agreed profits for their clients, rather than using so-called experience to validate their own theories.
Always thinking they could earn a bit more.
This illusion.
Ignoring stop-loss orders.
Has harmed countless people.
In the future.
Myanmar’s stock market will stabilize.
And such large loopholes for exploitation will not be possible.
This time. 𝓃𝓸𝓋𝓹𝓾𝓫.𝒸ℴ𝓶
It was to attract foreign capital.
That’s why they set the stock price so low, the next time, if a company like Myanmar Pharmaceutical Group goes public, the valuation will definitely not be less than one trillion Asia Dollars, it might even double.
’Fourteen point three one’
This was the opening price for Myanmar Environmental Technology Company.
This.
Is just the beginning.
...
Half an hour after the opening.
Ling left.
To inspect work at the Special District Government.
The representatives from various major investment institutions also went back in succession to gear up for researching how to profit from these trends, to achieve results that would make their peers envious and satisfy their clients.
In this way.
Their bonuses would be substantial.
Now.
With the subprime crisis spreading, many have lost money, and they desperately need a victory to make their performance look better, after all, not everyone is qualified to have a share of the profit in such chaos.
Unable to indulge in the feast.
Then find a safe place to stay. Snacking might not be as delicious as a feast, but being able to eat one’s fill can also be a consolation. In fact, they quite liked Myanmar.
Because of ’isolation’.
This term.
To a certain extent, can be a positive word.
Because of isolation.
Ability to resist financial crisis is stronger. Myanmar’s foreign exchange control and exchange rate manipulation may be unsatisfactory to some capitalists, but for some capital that doesn’t want to take too much risk, it’s a harbor.
Let the storm rage on outside.
Within the harbor.
All is calm.
But becoming a harbor is no easy task; it must first have an ample supply of food so that no one starves. Myanmar currently fits all the criteria of a harbor.
---Solid, unafraid of nature’s forces.
---Abundant in food.
---Has a filtering mechanism to resist pirates.
---Welcomes refugees.
Because of this.
Many capitals.
Are considering staying a little longer, waiting for the financial crisis to pass before venturing out to fish. Later, if food within the harbor remains plentiful, they may consider staying for years to come.
As long as they see hope.
They can convince their clients to continue keeping their money here.
At this moment.
The exchange is bustling with noise.
Constant phone calls are endless, traders are almost never idle, constantly receiving calls, most of which are not to buy or sell but to ask how much a stock is currently worth.
This leaves the traders speechless.
These calls.
What’s the difference between them and nuisance calls?
"The manager, this won’t do. Many effective trading calls can’t get through," said the exchange’s business manager, drenched in cold sweat. Just in the short while ago, the number of complaint calls had already exceeded a thousand.
The director said indifferently.
"I know, today’s complaints won’t count towards performance evaluation, machine customer service will go online in five minutes."
"Yes."
The business manager was elated upon hearing this.
Machine customer service.
He knew.
Was mainly for non-trading information inquiries.
Quickly.
The machine customer service went online, instantly took over their phone filtering, immediately, the noise in the exchange quieted down significantly, and callers found that they were no longer speaking with traders.
"Hello, to improve access efficiency, we suggest not using manual access for inquiry-related requests. Non-manual access is toll-free; please follow the voice prompts, thank you for your understanding."
"For account inquiries, please press 1..."
"Eh?"
Free.
That’s quite attractive.
Moreover.
The voice was optimized, using a pleasant female voice with a light and melodious background sound. Once launched, people loved it, and the fact that it was free had many dialing for fun.
...
Myanmar’s stock market.
Learned from Huaxia’s stock market.
Also learned from the Western stock market.
Red ups green downs.
But the trading time is not separated into morning and afternoon.
Instead, it’s continuous. Huaxia’s stock market is open for four hours a day, U.S. Stocks for six and a half hours, and Myanmar’s is set at an approximate average value—five hours, including the time for consolidated bidding.
Therefore.
The market closes at two in the afternoon.
Looking at the first day’s results.
Within the exchange.
Su Yu breathed a sigh of relief.
The upcoming report will only bring joy. All stocks were up, none fell below the issue price, of course, tomorrow might be different, but for the first day, it was more than enough.
Especially Myanmar Environmental Technology Company.
The stock price directly soared to 18.7 Asia Dollars, nearly tripling.
Su Yu believes.
It’s still far from the end.
With a market value of just below 600 billion Asia Dollars, there’s still a gap from this company’s industry status. At the very least, it should rise by about double, breaking the trillion mark.
Only then would it match its standing.
After all.
Just the annual sales of the filtering solution.
Globally, it’s no less than 150 billion Asia Dollars, adding filters and the solution that is now widely accepted by countries to effectively contain the evaporation of harmful gases from chemical raw materials.
Plus services like offshore oil spill treatment.
This year alone.
Its revenue will not be less than 250 billion Asia Dollars.
A market value of one trillion.
Based on revenue valuation, it’s all severely underestimated, but considering that Myanmar’s stock market is not as active as the U.S. Stocks, and capital flows are not as liberal as in the United States, Su Yu feels that one trillion is still acceptable.
The only question is if Ling is satisfied.
"Get me all the data for the entire day as soon as possible, I need to analyze it." To keep up with the times, Su Yu naturally had to keep learning; otherwise, going to meetings and saying the wrong things cluelessly would embarrass Ling.
"Yes."
