- Chief Business Intelligence
- Chief Business Intelligence
Introduction: Mr. Li Ka-shing has two careers in his life: one is the business of constantly making money for himself, and the other is the business of constantly spending money for himself; but in the past two years, has Li Ka-shing lost his eyes? He has been stepping on the thunder in investment, and even lost 69% of the market value of his own Husky Energy Company, which is equivalent to about 140 billion yuan!
Husky Energy officially announced that it had lost 140 billion yuan
Li Ka-shing, as the richest man in Hong Kong in the old school, must have his own reasons for achieving such great success in his career; who would have thought that he would have lost his hand in the past few years?
Although he is still in the stage of making money, compared with the smooth weather in the past, and then to the faltering pace now, it shows that he is now facing great challenges in his career.
Therefore, the recent series of poor performance of Cheung Kong Asset Group has also made people wonder whether Li Ka-shing's decision-making ability has really declined, after all, the market that Li Ka-shing has invested in the UK in recent years can be regarded as a major earthquake that has brought a wave of damage to the group.
Is it the end of luck, or do you have to re-arrange
As we all know, Cheung Kong Group, led by Li Ka-shing, has been conscientiously creating value for the society in the past two years, but in fact, since the epidemic in 2020 spread wildly and swept the world, Li Ka-shing has also made many wrong investment choices;
We all know what the most popular commercial project in China is now, and it must be the hottest new energy car now.
However, how many people know that Cheung Kong Industrial Group was actually the first batch of new power car manufacturers at that time, but it did not gain a foothold in China like the current BYD, Weilai, and Li electric car brands.
Concept art of the Formula Leopard car
As early as 2020, that is, the year when BYD first met with everyone, Wang Chuanfu, as the president of BYD Group, relied on his own strength, I don't know how many companies that wanted to eat the cake of new energy vehicles, and even the Changjiang Automobile that Li Ka-shing wanted to produce at that time could not escape the fate of bankruptcy.
The Yangtze River EV has not been able to achieve large-scale production plans so far, why is this, and is it true that someone else is deliberately disrupting the situation behind it?
We all know that it is very difficult for a group to transform into a field of production in the automotive industry, just like today's hottest Xiaomi car, we don't know how many hardships and setbacks it has to go through.
Li Bin, general manager of Weilai Automobile Group, also made it clear that a company without more than 20 billion yuan of liquidity should not think about building cars.
Li Bin, chairman of NIO Group
Li Ka-shing blindly invested 5.1 billion yuan in car manufacturing without correctly analyzing the domestic economic development situation; is it a manifestation of deep pockets, or does it really show that Li Ka-shing's decision-making ability is indeed much worse than before; you must know that even if Xiaomi SU7 built a car in three years, it has invested more than 20 billion yuan in research and development before it dares to really carry out production and research.
Not only that, everyone says that Li Ka-shing has two careers: one is a career that keeps making money for himself, and the other is a career that keeps spending money for himself;
After all, Li Ka-shing's investment in the UK is in the entertainment industry, but no one expected that the sharp depreciation of the pound will also cause the group's assets to lose 80 billion yuan out of thin air.
The British BBC reported that the Li Ka-shing bar chain closed 25 stores
Burn 70% of the market capitalization
Li Jiacheng's 24.9 billion yuan disappeared
Not only that, but the current market of Li Ka-shing's main oil industry is not as good as everyone thinks?
As we all know, Husky Energy, which is controlled by Li Ka-shing, was under great financial pressure before it was acquired by a local Canadian oil sands producer.
First of all, the current international situation is very tense, and the so-called oil and gas assets can no longer be regarded as commercial projects that can lie down and make money as in the past for any group.
Li Ka-shing and the Russian-European oil game
According to Husky Energy's financial report, Husky Energy's revenue was C$2.38 billion in 2020 before its acquisition, down from C$5.4 billion in the second quarter of 2019.
Husky Energy's website
Since the end of the year, Husky's share price has plummeted from 10.57 Canadian dollars to the current 3.17 Canadian dollars, a 71% drop in the range, and the market value has decreased by 3.2 billion Canadian dollars from the original 10 billion Canadian dollars, which is equivalent to 7 billion Canadian dollars evaporated in a year, equivalent to about 35.5 billion yuan;
Husky Energy stock price website
Therefore, in the past six months, Li Ka-shing has invested nearly 400 billion assets in the UK, and now there is only 270 billion left according to the exchange rate.
Therefore, no matter from which point of view, almost all of the businesses in which Li Ka-shing is now investing are in a state of continuous loss, and neither the oil industry, which he used to be proud of, nor the real estate business is now a very profitable situation;
Li Ka-shing, who has been proficient in capital investment all his life, still chose to sell Husky Energy, which he has been operating for 33 years, maybe he is really like Musk now, has long predicted that the world will be in a long economic trough in the next two years?
Hong Kong's richest man replaced,
The UK investment failed or will abdicate!
We all know that Li Ka-shing became famous overnight by becoming the richest man in the world in Hong Kong, and this business giant has always been able to see the world from perspectives that we can't think of, especially the stock market and real estate.
However, in recent years, the ranking of Hong Kong's rich list has not been too flat, although Li Ka-shing still occupies the top spot in 2024, but on the whole, his wealth has been shrinking;
Due to the low IPO value in Hong Kong now, the economic situation of the top 50 richest Hong Kong tycoons is roughly estimated to have shrunk by nearly 9% from last year, totaling $296 billion.
The official website of the 2024 Hong Kong Rich List
However, it is worth noting that although the wealth of the bigwigs on the list of Hong Kong's richest people is on a decreasing trend, there are still 12 billionaires who have overcome difficulties and achieved relatively obvious economic growth.
Among them, there are three new faces that no one knows: one is Li Ka-shing's Zhou Kaixuan Harbour Investment Company, which is mainly known for its early investments in Facebook and Zoom, and at present, its own wealth is not small, roughly estimated to have reached 2.3 billion US dollars;
Harbour Investment website
The other two new faces are the familiar Zhou Shengfu and the Keswick family, which dominated Hong Kong in the early days, and the latter has assets of more than $1.9 billion so far, which makes it a strong squeeze into the 2024 Hong Kong rich list.
Friends who often pay attention to real estate businessmen know that Li Ka-shing is a very shrewd businessman, but if a shrewd businessman has been selling off his main real estate industry one after another, what is the reason?
Maybe it's really caused by the poor operation of the industries invested in the UK in the past few years, or the economic depression brought about by the epidemic.
The author believes that if Li Ka-shing's Cheung Kong Industrial Group is still in a state of continuous economic loss in the future, it will not only affect Li Ka-shing's own personal wealth, but more seriously, it will also affect the economic operation of a series of industrial chains behind it;
Therefore, judging from the income from 2022 to 2023, Li Ka-shing has run around from the United Kingdom, Vietnam, China, the United States, and the United States in this year, but in fact, he has not caught anything, and he has also staged a good show of lifting a stone to shoot himself in the foot in order to make money.
Li Ka-shing cashed out in Europe
As a business tycoon who has been in business for 60 years, when did Li Ka-shing suffer such grievances? If Li Ka-shing, as a business tycoon, could not get rid of the negative impact of the economic depression brought about by the epidemic, then it is very likely that Li Ka-shing will fall out of the ranking of the Hong Kong rich list after a while, after all, the ranking of the Hong Kong rich list is not so easy to enter.
Coin Story,
Rapids retreat bravely and never earn the last copper plate
We all know that a person's success is inseparable from the efforts behind it, and Li Ka-shing is the same; for a businessman, whether he can find his own way of doing business in his life is the most important thing;
Every celebrity has its own story behind it, and I wonder if you have ever heard of the coin story that only belongs to Li Ka-shing?
In fact, once on the way to attend a meeting, when a secretary bent down to open the door for him, he accidentally fell out of his jacket pocket and then rolled down and fell under his wheels, and then Li Ka-shing said to the secretary next to him: "If you don't pick up this one-dollar coin at this time, then this dollar is likely to be wasted forever." ”
Therefore, when it comes to this, we can understand a truth: the reason why Li Ka-shing has been in business for such a long time, and he can still stand tall in the circle, is not only because he has a vision for business, a big man is a big man, and so many details of Li Ka-shing's life are enough for many people to learn for a lifetime.
Not only that, we all know that Li Ka-shing also has his own principle when doing business, that is, he will not earn his last copper plate until the last resort.
Maybe many people don't know what is the last copper plate in the mouth of businessmen? In fact, it is very simple to understand, it is the real estate industry that we all often talk about.
Why is it said that many really powerful businessmen do not end up in the real estate industry to extract profits, let's just think about the development of the real estate industry in neighboring Japan.
As early as the last era, Japan advocated the development of the real estate industry regardless of the domestic economic situation, because at that time, there was a very popular concept in the world, that is, "land will never depreciate;", so under the influence of it, many businessmen around the world entered the Japanese real estate industry like crazy;
At that time, to what extent did Japan's economy swell? At that time, it was enough to buy all of the land in the United States at that time just for the total price of land in the 32 wards of Tokyo.
But looking back, what has become of Japan's economic development now?
Although Japan is still among the world's developed countries, with the emergence of the economic crisis in the last century, many Japanese companies have collapsed, especially the so-called real estate industry has suffered the most serious blows, and there has even been a global economic regression, from 1991 to 2023 The economy is almost still in the same stage, and there has not even been any growth.
Japan discharges nuclear wastewater
Therefore, judging from the basic operating conditions of all Li Ka-shing's companies, the profitability is almost always showing a downward trend, and what should we do if Cheung Kong Asset Group wants to regain a foothold in the domestic market?
Have you paid attention to and understood the basic operation of Li Ka-shing's Cheung Kong Asset Group in recent times? What are your thoughts and comments on Li Ka-shing's lifelong way of doing business? If Cheung Kong Asset Group wants to better develop its own industrial chain, what should it do? Welcome to leave a message in the comment area to discuss and express your opinions or opinions, thank you.
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