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Chapter 590 Exchange Rate Loss

The clouds of the financial crisis are raging at the low altitudes in Southeast Asia, but the financial giants have no intention of stopping. The scale of international hot money that flocks to the Asian financial market is becoming increasingly large. It has not been a long time since there is such a feast opportunity, and they all want to come over and have a delicious meal.

When Southeast Asian governments gave up their resistance, these countries as food sources could no longer satisfy the appetite of financial giants. In mid-August, it was time to re-select prey; on the other hand, Asian governments have been more vigilant and have taken action to restrict speculative transactions of their own currencies and increase speculative transaction costs.

Zhang Ke and his hedge funds seemed a little insignificant at this time. It was precisely because they were drowned in the huge tide of international hot money that they had a delicious meal in the Thai baht and the Indonesian rupiah. After that, they had no chance to build positions first. They could only follow the main players of international hot money passing by the sky of the Asian financial market like locusts, and swoop down to a delicious meal if they had the opportunity.

In early August, Zhang Ke stayed in Haizhou and encountered such a thing at the Peninsula Hotel. After all, he stayed in Haizhou to accompany Tang Jing. Chen Feirong also returned to Haizhou during the holidays. More time was spent together. The botanical garden under the Nanjing of Xiangshan was also gradually growing. Haiyu International Private School will also officially run this semester. The children of Zhitong, Xirong, Xiyu and the senior staff of Jinhu will be the first students to enter the school.

In early August, Zhang Ke, Tang Jing and Chen Feirong were hanging out with Haiyu International Private School in the Botanical Garden, but after three little tails, they couldn't even get rid of them. Zhang Ke felt that he was deeply trapped in his daughter's country.

After Tang Jing successfully passed the interview with the staff members who were recruiting students from the University of Hong Kong to Haizhou, he returned to Hong Kong again. Du Fei was in a difficult life and was left in Hong Kong.

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

There were four people who were able to enter the liberal arts line of Dongda University. Li Ji, Xiao Chunming and Xu Ruohong were admitted to Dongda University without any surprise. There was also a boy who was very silent on weekdays and was admitted to Dongda University's Foreign Languages ​​Department. Zhang Ke didn't know what the boy's name was, and he seemed to have never heard anyone mention him. Du Fei was six points away, but within the commissioning line. This was a very satisfactory result for him. For him, as long as he could take the admission letter from Dongda University home, he would be the biggest explanation to his mother. In addition to Zhang Ke, the "surprising" admission student, there were two other commissioned students from another liberal arts class. Eight liberal arts students in Haizhou received the admission letter from Dongda University, and one person in Zhang Ke's class was admitted to Peking University School of Economics and Management.

The province has abundant resources, and nearly half of the students who went to Jianye to study in college. This period is the season when the whole class is drunk. However, Du Fei left Zhang Ke in Hong Kong with Ye Jianbin and others to experience the most violent moment in Asian economic history in the past few decades. His old man Du Xiaoshan had just been transferred to the position of the director of the Municipal Party Committee Organization Department and ignored him.

What is lacking in life at the age of nearly twenty is more about the broadening of horizons and in-depth and subtle thinking and observation of life, the world, and society. Although Du Fei once insisted on accepting psychological counseling, no one paid attention to him, he had no shame to insist on it anymore.

Zhang Ke returned to Hong Kong on August 17. The most violent moment of the first financial storm had already blown over Southeast Asia, but the aftermath of the storm was still blowing, and the swarm of hooligans like locusts did not mean to give up the residue. The foreign exchange market, futures, securities and other financial markets fluctuated violently, as if they wanted to swallow the last greedy people to the point of not leaving their bones. The four once-small tigers in Southeast Asia have already gnawed them to the point of being left with only white bones.

Coincidentally, Zhang Ke, Xie Jiannan, Xie Zhan and Liu Minghui took the same flight from Oriental Airlines to Hong Kong.

China Eastern Airlines flights do not have first class, only economy class and business class. Looking at Xie Jiannan, Xie Zhan was quite haggard and walked from the aisle to economy class with a briefcase. Zhang Ke had a smile on his lips, not saying hello, but it made Xie Jiannan and Xie Zhan's faces even more gloomy. Liu Minghui even lowered his head and did not dare to look at Zhang Ke. Sitting next to Zhang Ke was Lai Jichun, the director of the Sales Division of the Ida Electronics Marketing Department, a very capable saleswoman. At the beginning, Liu Minghui personally hired her to the Ida Electronics Marketing Department from Oriental Communications in Hangzhou. He first served as the deputy manager of central China and then as the manager of East China. When Liu Minghui jumped to Kewang, he also did her job, but she refused.

How could Liu Minghui bear this situation? He could only walk over with his head down and sadly. It only took more than nine months.

Thailand's economic crisis began to emerge since mid-June, and it suddenly hit the entire Southeast Asia region in mid-July. It is impossible to leave Kewang's time to adjust its overseas business. At this time, the hasty reduction will only cause heavy losses. Of course, they successfully moved the biggest loss to Ge Mingxin and Ge Yinjun and his son, but Kewang has already felt the pressure of inventory backlog. Kewang's sales in Southeast Asia in July dropped by 20% compared with June, and this is not a plan to have inventory in the hands of local distributors in Southeast Asia.

Of course, Xie Jiannan was depressed. He was depressed that he had to go to economy class in order to reduce expenses when he took the same flight as Zhang Ke. In fact, although Ida Electronics issued an early warning for the economic crisis to adjust its business in Southeast Asia on July 11, they had already begun to adjust the business structure of Southeast Asia in May, while reducing market publicity investment, they strengthened the construction and inventory management of channel dealers in Southeast Asia. While channel dealers in Southeast Asia increased their orders in early June, Ida Electronics stopped increasing shipments to Southeast Asia and even gave up the Indonesian market in mid-June.

This kind of foresightedness of the market situation is extremely depressed, no matter who is a competitor of Ida Electronics, it is so embarrassing that it makes Kewang and others further lose their confidence in fighting Ida Electronics. Even if Ida Electronics is really bad, there is still a huge amount of 4 billion yuan lying quietly in the Kumho account.

Although Kumho raised his feet and did not mean to step on them, at this time he could only look at the soles of other people's feet. Who would feel better?

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

This was the first time she accompanied her boss on a business trip to Hong Kong with a big boss. Although Kumho no longer had financial connections with Aida Electronics in name - Xie Wanqing's Haiyu company is the actual controller of Aida Electronics, the people inside Aida Electronics never think that they have left the Kumho system, and it is proof that they still accept guidance from the Operations Department of Aida Group in the disc machine business.

She can still remember Liu Minghui's enthusiastic remarks when he encouraged her to change jobs to become a tech king. I'm afraid he didn't say much to others at the beginning. Those enthusiastic remarks have become jokes, but no one wants to mention them anymore. I think Liu Minghui is also a veteran of Aida Electronics' entrepreneurship. If he doesn't leave Jinhu, who is a senior manager like Liu Minghui, who has obtained less than two or three million in this additional issuance and merger?

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

"Oh..." Lai Jichun responded, his nerves immediately tense up, thinking that he had turned back and saw the big boss. In fact, following the big boss to fly to Hong Kong, it was very stressful. I didn't know what a problem would suddenly appear. I was slow to react and felt sorry for the salary I received. I carefully chose the wording and responded, saying, "Kewang invested so much in Southeast Asia in the first half of the year, and the pressure was very great! Let's not talk about the others. The currency in Southeast Asia depreciated sharply, which put the most direct pressure on the disc machine manufacturers, that is, the sales price of goods in the region also depreciated sharply. For Thai baht, the sales price of Indonesian rupiah cannot be increased.

High, the Thai baht depreciates by 30%, the US dollar price, RMB price, and Hong Kong dollar price of a disc in Thailand are actually equivalent to depreciating by 30%. Now the average gross profit of the disc machine industry is not 30%, and the exchange rate loss alone is enough to give them a headache; at this time, the manufacturing cost advantage can be thoroughly reflected. We can significantly lower the shipping price to Southeast Asia to ensure the settlement of US dollars, Southeast Asian dealers still have a certain meager profit to support the market of Aida disc machine in Southeast Asia. If they follow up, they will have to operate at a loss, and may also choose to completely give up the Southeast Asian market. It is still difficult to speculate at this time..."

"Haha," Zhang Ke smiled unscrupulously. At the beginning, he was determined to induce King Ke to work hard to develop the Southeast Asian market. At this time, he said some sarcastic words, and was a little too cautious. He smiled and said to Lai Jichun, "The market in Indonesia will ignore it and let it fall. We must do two things well. On the one hand, continue to maintain the factories in the Philippines and Malaysia, increase the shipment volume of those two factories to surrounding areas to make up for the exchange rate losses. On the other hand, in such a difficult time, we should help the distributors in Southeast Asia to overcome the difficulties that may last for a year or even longer. Also, during this period, the doors of countries in Southeast Asia are basically open. It may be easier to obtain the sales license of digital mobile phones in these regions during this special period. In this regard, you must work with local distributors in Southeast Asia..."
Chapter completed!
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