Chapter 590 Exchange Rate Losses

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The clouds of the financial turmoil are raging at the low altitude of Southeast Asia, but the financial giants have no intention of stopping, and the scale of international travel funds flocking to the Asian financial market is also increasing. Pen × fun × Pavilion www. biquge。 info

When governments in Southeast Asia have given up their resistance, these countries can no longer satisfy the appetite of financial giants as a food source, and in mid-August, it is time to re-select prey; On the other hand, Asian governments have stepped up their vigilance and have taken steps to limit speculative transactions in their currencies and raise the cost of speculative transactions.

Zhang Ke's hedge fund is a little insignificant at this time, and it is precisely because they are submerged in the huge tide of international travel capital, they have a good meal on the Thai baht and the Indonesian rupiah, and then there is no chance to build a position first, only to follow the main force of international travel capital like a swarm of locusts in the sky of the Asian financial market, and swoop down for a meal when there is a chance.

In early August, Zhang Ke stayed in Haizhou, and encountered such a thing at the Peninsula Hotel, after all, it could not be considered pleasant, so he stayed in Haizhou to accompany Tang Jing, Chen Feirong also returned to Haizhou during the holiday, more time was spent together by three people, and the botanical garden under the south cliff of Xiangshan Mountain was also beginning to become large, and Haiyu International Private School will also officially run this semester, and the children of Zhitong, Xirong, Xiyu and Kumho's senior staff will be the first batch of students to enroll.

In early August, Zhang Ke, Tang Jing, and Chen Feirong were in the botanical garden and Haiyu International Private School, but they were followed by three small tails, and they couldn't shake them off, and Zhang Ke felt that he was deeply trapped in his daughter's country.

After Tang Jing successfully passed the interview of the University of Hong Kong's admissions staff in Haizhou, he returned to Hong Kong again.

When Zhang Ke came to Hong Kong again, the college entrance examination results and the admission line for key undergraduates had also come out, and the results of their class were considered stable in the key liberal arts classes in the past circles.

There are four people who are enough to go to the liberal arts line of the University of Tokyo, Li Ji, Xiao Chunming and Xu Ruohong were all admitted to the University of Tokyo unexpectedly, and there is a boy who is usually very silent and was admitted to the Department of Foreign Languages of the University of Tokyo - Zhang Ke still doesn't know what the boy's name is, and he doesn't seem to have heard anyone mention him; Du Fei was six points behind, but within the commission training line; This is a very satisfactory result for him, and for him, as long as he can take home the admission letter of the University of Tokyo, it will be the biggest explanation to his mother; In addition to Zhang Ke's "surprising" escort student, there are also two committee trainees in another liberal arts class, eight liberal arts students in Haizhou have received admission notices from Tokyo University, and one person in Zhang Ke's class has been admitted to the School of Economics and Management of Peking University.

The university resources in the province are abundant, and nearly half of the students in Zhang Ke's class went to Jianye University to study in Jianye, and this time was the season when the whole class went around to get drunk, but Du Fei gave Zhang Ke the most tyrannical moment in the Asian economic history in Hong Kong with Ye Jianbin and them in the past few decades, but the most passionate moment for them; His old man, Du Xiaoshan, had just been transferred to the position of head of the organization department of the municipal party committee, and he also ignored him.

Nearly 20 years old life is more lacking in the 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, and he had no face to insist on it.

Zhang Ke returned to Hong Kong on August 17, the most brutal moment of the first wave of financial turmoil has blown over Southeast Asia, but the aftermath of the storm is still blowing, the locust-like capital does not mean to give up the residue, the foreign exchange market, futures, securities and other financial markets oscillated violently, as if to devour the last greedy people to the flesh and bones, Southeast Asia once four tigers have been gnawed to the point that only the bones of the forest are left.

Coincidentally, Zhang Ke, Xie Jiannan, Xie Zhan, and Liu Minghui took the same plane 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 walking from the aisle to economy class with their briefcases quite haggard, Zhang Ke has a smile on the corner of his mouth, not to say hello, but to make Xie Jiannan and Xie Zhan's faces 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 head of the sales division of the marketing department of Aida Electronics, a quite capable sales woman, who was originally hired by Liu Minghui personally from Oriental Communications in Hangzhou to the marketing department of Aida Electronics, first as the deputy manager of Central China, and then as the manager of East China.

This situation is in this shape, how can Liu Minghui be embarrassed? I can only bow my head and walk past; It's only been more than nine months.

Thailand's economic crisis began to emerge in mid-June, and suddenly hit the entire Southeast Asian region in mid-July, and it was impossible to leave time for Kewang to adjust its overseas business. The sales volume of Kewang disc players in Southeast Asia in July fell by two percent compared with June, which is not planned for the inventory in the hands of local dealers in Southeast Asia.

Xie Jiannan was of course depressed, and he was depressed that he had to take economy class in order to reduce expenses on the same plane as Zhang Ke, in fact, although Aida Electronics only issued an economic crisis warning on July 11 to adjust the news of the business in Southeast Asia, but they had already begun to adjust the business structure in Southeast Asia in May, while reducing investment in market promotion, they strengthened the construction and inventory management of channel providers in Southeast Asia. However, AIDA Electronics stopped increasing shipments to Southeast Asia, and even abandoned the Indonesian market in mid-June.

This kind of foresight of the market situation, anyone who is a competitor of Aida Electronics will be extremely depressed, but it has to be admired, and it also makes the people of Kewang further lose confidence in fighting against Aida Electronics; Even if Aida Electronics really has something wrong, Kumho still has a huge amount of four billion lying quietly on its account.

Although Kumho didn't mean to step on them when he raised his feet, who would feel better if he could only look at the soles of other people's feet at this time?

Lai Jichun sat on the edge of the aisle and couldn't help but glance back until Xie Jiannan, Xie Zhan, and Liu Minghui walked out of the aisle of the business class and sighed softly.

It was the first time she accompanied the big boss on a business trip to Hong Kong. Although Kumho no longer nominally has a financial connection with AIDA Electronics - Xie Wanqing's Haiyu Company is the actual controller of AIDA Electronics, the people inside AIDA Electronics never think that they have broken away from Kumho system, as evidenced by the fact that they still accept the guidance of the operation department of AIDA Group in the disc machine business.

She can still remember Liu Minghui's enthusiastic rhetoric when she encouraged her to jump ship to Kewang, but I'm afraid that he didn't talk about it to others at the beginning, that enthusiastic rhetoric has become a joke, but no one is willing to mention it anymore, think Liu Minghui will also be regarded as the veteran of Aida Electronics' entrepreneurship, if he doesn't leave Kumho, senior managers like Liu Minghui's level, who will get less than two or three million shares in this additional issuance and merger?

"King Ke's situation is a little difficult now!" Zhang Ke saw Lai Jichun looking back and asked casually.

"Oh......" Lai Jichun responded, his nerves immediately tensed, and he wondered if he looked back and let the big boss see it. In fact, I took a plane to Hong Kong with the big boss, the pressure was very great, I didn't know what a problem would suddenly pop up, the response was slow, I felt sorry for the salary I received, and carefully chose the wording to deal with it, saying, "King Kewang invested so much in Southeast Asia in the first half of the year, and the pressure is very great!" Aside from the rest, the sharp depreciation of the currency in Southeast Asia has put the most direct pressure on disc manufacturers, that is, the sales of goods in the region have also depreciated sharply. The sales price of Thai baht and Indonesian rupiah cannot be increased, and the Thai baht depreciates by 30%, and the price of US dollars, RMB and Hong Kong dollars sold by a disc player in Thailand is actually equivalent to a 30% depreciation. At present, the average gross profit of the disc machine industry is less than 30%, and the exchange rate loss alone is enough to give them a headache; At this time, it will probably be able to fully reflect the manufacturing cost advantage. We can greatly reduce the delivery price to Southeast Asia, to ensure that the dollar settlement, Southeast Asian dealers still have a certain amount of meager profits to support the market of Aida disc players in Southeast Asia - they will follow up at a loss, 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 bent on inducing King Ke to work hard to develop the Southeast Asian market, at this time, he said some cynical words, he was a little too cautious, and said to Lai Jichun with a smile, "The market in Indonesia will not care about him, let it fall, we must do two things, on the one hand, continue to maintain the factories in the Philippines and Malaysia, increase the shipments of those two factories to the surrounding places to make up for the exchange rate loss, on the other hand, In such a difficult time, it is necessary to help those dealers in Southeast Asia to tide over the difficulties that may last for a year or even longer. Also, during this period of time, the doors of Southeast Asian countries are basically opened, taking advantage of this special period to get the sales license of digital mobile phones in these regions may be simpler, in this regard, you have to work with local dealers in Southeast Asia to do the work......"