Chapter 590 Exchange Rate Loss
The cloud of the financial turmoil is raging in the low altitude of Southeast Asia, but the financial giants have no intention of stopping at all. The scale of international hot money flocking to the Asian financial market is also increasing. It has been a long time since there is such a feast opportunity, and they all want to come over for a delicious meal .
When the governments of Southeast Asian countries gave up their resistance one after another, these countries could no longer satisfy the appetite of financial giants as food sources. In mid-August, it was time to re-select their prey; Currency speculative transactions, increasing the cost of speculative transactions. Novel chapters are updated the fastest
Zhang Ke's hedge fund seems a little insignificant at this time, and because they are submerged in the huge tide of international hot money, they have a good meal on Thai baht and Indonesian rupiah, and then they have no chance to build a position first. The main force of international hot money is like a swarm of locusts skimming the sky of the Asian financial market, swooping down to have a delicious meal when they have the opportunity.
In the first ten days of August, Zhang Ke stayed in Haizhou. What he encountered at the Peninsula Hotel was not pleasant after all, so he stayed in Haizhou to accompany Tang Jing, and Chen Feirong also returned to Haizhou during the holiday. Individual consumption together, the botanical garden under the south cliff of Xiangshan Mountain has also begun to take shape, and Haiyu International Private School will officially open this semester. The children of Zhitong, Xirong, Xiyu, and senior staff members of Kumho will be the first batch of students to enroll . "Fiction" novel chapters are updated the fastest
In early August, Zhang Ke, Tang Jing, and Chen Feirong were hanging out in the botanical garden and Haiyu International Private School, but there were three little tails behind them, and they couldn't shake them off. Zhang Ke felt that he was deeply trapped in his daughter's country .
Tang Jing returned to Hong Kong only after Tang Jing successfully passed the interview with the recruiting staff of the University of Hong Kong in Haizhou. Du Fei had a hard life and was left in Hong Kong.
When Zhang Ke came to Hong Kong again, the results of the college entrance examination and the admission line of key undergraduate courses had also been released.
There are four people who can go to the liberal arts line of Dongda University. Li Ji, Xiao Chunming, and Xu Ruohong were admitted to Dongda University without any surprises, and a boy who was usually very silent was admitted to the Department of Foreign Languages of Dongda University——Zhang Ke still doesn’t know the boy’s name, and he doesn’t seem to listen to it. Someone mentioned him; Du Fei was six points short, but within the Weipei line; this is a very satisfactory result for him. As long as you can take home the admission notice from Dongda University, it will be the greatest confession to his mother; in addition to Zhang Ke, the "surprising" recommendation student, there are two Wei Peisheng from another liberal arts class. Eight liberal arts students from Haizhou No. 1 got the admission letter from Dongdadi, and one person from Zhang Ke's class was admitted to the School of Economics and Management of Peking University.
The colleges and universities in the province are rich in resources. Zhang Ke and his class have nearly half of the students who went to Jianye to study in college. It was the most tyrannical, but also the most violent moment for them in Asian economic history in the past ten years; his old man Du Xiaoshan had just been transferred to the position of head of the Municipal Party Committee Organization. He is also indifferent to him.
What the nearly twenty-year-old lacks more in life is broadening of horizons and in-depth and subtle thinking and observation of life, the world, and society.
Although Du Fei once insisted on receiving psychological counseling, but no one paid attention to him, so he had no face to insist on it.
Zhang Ke returned to Hong Kong on August 17. The most violent moment of the first wave of financial turmoil has blown over Southeast Asia. However, the aftermath of the storm is still blowing, and the swarms of hot money have no intention of giving up the residue. Financial markets such as foreign exchange, futures, and securities fluctuate violently, and it seems that the last greed will be swallowed up. Southeast Asia The former Four Filial Piety has been devoured to the point where only bones remain.
Coincidentally, Zhang Ke, Xie Jiannan, Xie Zhan, and Liu Minghui took the same flight of China Eastern Airlines to Hong Kong.
There is no first class on this flight of China Eastern Airlines, only economy class and business class. Looking at Xie Jiannan and Xie Zhan, they were quite haggard and carried their briefcases and walked from the aisle to the economy class. There was a smile on the corner of Zhang Ke's mouth, which didn't mean to say hello. It just made the faces of Xie Jiannan and Xie Zhan even more gloomy; Liu Minghui even lowered his head and didn't dare to look at Zhang Ke—sitting next to Zhang Ke was Lai Jichun, who replaced Liu Minghui as the director of the sales department of Aida Electronics Marketing Department, a very capable At the beginning, Liu Minghui personally hired her from Eastcom in Hangzhou to the marketing department of Aida Electronics. She first served as the deputy manager of Central China, and then the manager of East China. Liu Minghui also worked for her when he went to Kewang. rejected by her.
How could Liu Minghui bear this situation? Only bowed his head and walked over sadly; only more than nine months have passed.
The economic crisis in Thailand started in mid-June, and suddenly hit the entire Southeast Asia region in mid-July. It is impossible to leave time for Ke Wang to adjust overseas business. At this time, the hasty reduction will only cause heavy losses. Of course, they succeeded Move the biggest loss to the heads of Ge Mingxin, Ge Yinjun and his son, but Ke Wang has already felt the pressure of the backlog of inventory. The sales of Kewang disc players in Southeast Asia in July dropped by 20% compared with June, and this does not include the inventory in the hands of local distributors in Southeast Asia.
Of course, Xie Jiannan was depressed. He was depressed because he was on the same flight as Zhang Ke, but he had to take the economy class in order to reduce expenses. In fact, although Aida Electronics only announced the economic crisis warning and adjusted its business in Southeast Asia on July 11, but As early as May, they began to adjust the business structure in Southeast Asia. While reducing marketing investment, they also strengthened the construction and inventory management of distributors in Southeast Asia. At the beginning of June, distributors in Southeast Asia increased their orders. However, Electronics stopped increasing its shipments to Southeast Asia, and even categorically abandoned the Indonesian market in mid-June.
This kind of foresight and foresight of the market situation will make any competitor of Aida Electronics extremely depressed, but it has to be admired, and it also makes Kewang people further lose confidence in fighting against Aida Electronics; even if Aida Electronics really has something Unfortunately, there is still a huge sum of 4 billion lying quietly in Kumho's account.
Although Kumho raised his foot and didn't mean to step on them, but at this moment, he can only look at the soles of other people's feet. Who would feel better?
Lai Jichun sat on the side of the aisle, and couldn't help but turn his head to take a look, until Xie Jiannan, Xie Zhan, and Liu Minghui walked out of the business class aisle, and sighed softly.
It was the first time that she accompanied the big boss on a business trip by plane. Although Kumho no longer has financial ties with Aida Electronics in name—Xie Wanqing’s Haiyu Company is the actual controller of Aida Electronics, but the people inside Aida Electronics never think that they have left Kumho’s system is evidenced by the fact that it still accepts the guidance of the Aida Group’s Operations Department in the disc player business.
She can still think of Liu Minghui's passionate speech when he encouraged her to jump to Kewang. I'm afraid he didn't mention it to other people at the time. Liu Minghui is also counted as the veteran of Aida Electronics' entrepreneurship. If he did not leave Kumho, who would have obtained less than two to three million shares in this merger and acquisition for a senior executive at Liu Minghui's level?
"The King Ke is in a difficult situation right now!" Zhang Tuo Lai Jichun looked back and asked casually.
"Oh..." Lai Jichun responded, his nerves immediately tensed up, wondering whether the big boss saw it when he looked back. In fact, flying to Hong Kong with the big boss is very stressful. I don’t know what question will suddenly come up. If I’m slow, I feel sorry for the salary I get. I choose my words carefully and say, “Ke Wang In the first half of the year, the investment in Southeast Asia was so large, the pressure was great! Leaving aside other things, the sharp depreciation of currencies in Southeast Asia constituted the most direct pressure on disk player manufacturers, that is, the products sold in this region also depreciated significantly. The sales price of the Indonesian rupiah cannot be increased, and the Thai baht has depreciated by 30%. The US dollar price, RMB price, and Hong Kong dollar price of a disc player sold in Thailand are actually equivalent to a 30% depreciation. The average gross profit of the disc player industry is now less than 30% %, it is enough to give them a headache; at this time, the advantages of manufacturing costs can be fully reflected. We can greatly reduce the price of goods to Southeast Asia, and ensure that the US dollar settlement is still a certain meager for Southeast Asian dealers. Profits can support the market of Aida Disc Players in Southeast Asia—they will operate at a loss if they follow up, and they may also choose to completely abandon the Southeast Asian market. At this time, it is difficult to speculate..."
"Hehe," Zhang Ke smiled unscrupulously. At the beginning, he was trying to lure King Ke to work hard to open the Southeast Asian market. At this time, he said some sarcasm, which was a bit too narrow-minded. He smiled and said to Lai Jichun, "Indonesia Don’t care about the market over there and let it decline. We must do two things. On the one hand, we will continue to maintain the factories in the Philippines and Malaysia, and increase the volume of goods from those two factories to surrounding areas to make up for exchange rate losses. , in such a difficult time, we should try our best to help those dealers in Southeast Asia to overcome the difficulties that may last for a year or even longer. Also, during this period, the doors of Southeast Asian countries have basically been opened. During this special period, it may be easier to obtain sales licenses for digital mobile phones in these regions. In this regard, you need to work together with local distributors in Southeast Asia..."