Chapter 33 Unsatisfactory Gains
Lin Haoran's second sister, along with her lively little son, spent a warm and fulfilling weekend at the Lin family home, finally bidding farewell reluctantly at dawn on Monday to return to her own home. Meanwhile, Lin Haoran also got up early, fully determined to devote himself to the day's challenges, completely unaware of his elder brother's thoughts and the big gift he had received. Even if he had known, he wouldn't have cared; his sights were set far beyond such petty skirmishes.
Economically, Lin Haoran was currently in a very comfortable position.
Thus, he chose to keep the three-million-dollar check his second sister had given him without cashing it for now.
Thanks to the successful acquisition of a thirty-million-dollar loan from Hang Seng Bank and his stock-linked account's remaining savings of more than ten million, Lin Haoran was sitting on a strong financial foundation, feeling no pressure about funds.
This solid base provided powerful support for his upcoming stock acquisitions.
"Good morning, President Lin!" came Su Zhixue's greeting as Lin Haoran stepped into the office. He had evidently arrived quite early, displaying admirable dedication.
"Good morning, Zhixue. Judging by your spirit today, I guess you had a rather pleasant and relaxing weekend," Lin Haoran replied with a smile.
"My son's recovery has been amazing. His energy and health are back to what they were before he got sick. So I arranged a short trip to Lamma Island with my wife and son this weekend. It was wonderful," Su Zhixue said, his words brimming with happiness and gratitude.
He knew it was all thanks to Lin Haoran's timely help.
Without it, he would still be struggling daily to scrape together the massive cost of surgery for his son.
It was this kindness that had brought the sunshine back into his life after dark times, making his respect and gratitude toward Lin Haoran even deeper.
"Alright then, let's get to work. We need to step up our efforts with Wharf Holdings. Apart from us, quite a few financial tycoons have entered the market," Lin Haoran said after checking the time on his wristwatch.
With the likes of Jardine Matheson's Hongkong Land Holdings Group and Bao Yugang also joining the fray, the stock price of Wharf Holdings had begun to rise rapidly.
At present, Lin Haoran's average acquisition price for Wharf shares was just 23.05 HKD per share—a result of his sharp insight and heavy buying when the stock was at its lowest.
However, by last Friday's close, Wharf Holdings had climbed to 25.03 HKD, showing strong upward momentum.
With major financial groups accelerating their moves, Lin Haoran realized that Wharf Holdings' price would only keep rising, meaning his future acquisition costs would inevitably increase.
He had been mentally prepared for this for a long time.
"Understood, President Lin. I'll be in my best form for today's challenge!" Su Zhixue responded confidently, his eyes gleaming with determination.
As the bell from the neighboring stock exchange chimed, signaling the start of trading, Su Zhixue immediately threw himself into his intense but orderly work, leaving no room for distractions.
Lin Haoran was just as focused, spending his time learning and steadily accumulating knowledge and skills about stock trading.
At critical moments, he could provide powerful support to Su Zhixue's operations with his own expertise.
The two worked seamlessly, navigating the tides of the stock market with steady progress.
Regarding Green Island Cement, everything continued smoothly as usual, with steady, trouble-free stock absorption.
However, things had subtly changed regarding Wharf Holdings.
Both Lin Haoran and Su Zhixue keenly noticed that with more competitors joining the fray, their pace of absorbing Wharf shares had significantly slowed, and the challenges grew tougher by the day.
Every operation now required greater caution to maintain a foothold amidst the fierce competition.
Finally, when the stock exchange's closing bell rang, signaling the end of the trading day,
Su Zhixue, as always, began tallying the day's results, while Lin Haoran quietly waited, frowning slightly.
Clearly, he was not pleased with today's progress.
Even before seeing the final numbers, Lin Haoran already knew that today's absorption rate for Wharf Holdings had been much slower than usual.
He understood that from now on, Wharf's stock price would only climb higher.
This meant that the cost of acquiring additional shares would keep rising.
And higher costs would directly reduce his future profits from the Wharf investment.
That was unacceptable.
Soon, Su Zhixue completed the day's tally.
"Boss, here's today's summary. For Green Island Cement, we absorbed 488,000 shares at an average price of about 5.12 HKD per share, spending around 2.5 million HKD in total.
As for Wharf Holdings, competition for low-priced orders was extremely fierce today.
We tried multiple times to absorb shares but were often beaten to the punch.
In the end, we only managed to acquire 59,100 shares at an average price of 25.27 HKD per share, spending about 1.49 million HKD.
In total, we spent roughly 4 million HKD today," Su Zhixue reported.
Lin Haoran nodded, having been mentally prepared for such results.
He had considered directly sweeping all market orders priced below 30 HKD per share, but past data showed that the number of such orders on any given day was quite limited—at most 200,000 to 300,000 shares, sometimes as few as 100,000 shares.
If he adopted such an aggressive tactic, the consequences would be serious:
the stock price would immediately spike sharply.
And his goal was to accumulate at least over one million Wharf Holdings shares—something not achievable by drawing too much attention.
Thus, under the current limited supply, he could only stick to a slow, steady accumulation strategy.
Still, the increasing intensity of competition was becoming a real problem.
Fortunately, it seemed that the other major players also wanted to avoid driving the price up too quickly, so they too were absorbing shares slowly.
This gave Lin Haoran a valuable window to continue building his position.
The only viable approach now was to wait until he had gathered about one million Wharf shares before considering a bold sweep of any available stocks in a given price range.
At present, even after today's additions, Lin Haoran only held about 447,000 shares of Wharf Holdings.
He still had a long way to go before reaching his one-million-share target.
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