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Chapter 411: Changing Positions for Months


"Dong Xiao, what about our foreign exchange forward contracts?

Roll or close a position?

”Cui Mingda and Jiang Youwei discussed for a long time, and finally came to Xiao Bai to get an idea.Their opinion is that if they simply close the position, the risk of rolling over will increase.Rollover is the transfer of an expiring contract to the next contract period.The specific operation is to close the position before the expiration of the contract, and then re-open a new position, and the contract quantity and buying and selling direction remain unchanged."

Close the position first, as for opening a new position, I estimate that after the US dollar \\ yen breaks through the 1,290,000 mark, there may be a small pullback."

Xiao Bai advocates moving positions to change months, but you can wait a little longer to open a new position.This is a problem, if the judgment is wrong, it is likely to cause the rollover to fail.But his mentality is very stable, if he doesn't do it if he makes a mistake, what a big deal!

Next, Cui Mingda closed his position at the price 1299735 USD\JPY.The original bid price was 1141025 and the quantity was 20,000 standard lots.Profit = 1299735-114102512997352 lots of 100,000 units, and the final calculated value is 244219014 million US dollars.Excluding expenses, the final net profit was $2381280 million.Combined with the previous margin of US$500 million, the balance of Yingsheng Investment's foreign exchange fund account on the books is US$7381280 million.Now for Yingsheng Investment, the yen loan and the Hong Kong dollar loan have been paid off, and Jiang Youwei really has a feeling of being debt-free and light."

Xiao Dong, I think you should also relax.Why don't we take the time to see the yacht?

It's been a long time coming. ”Jiang Youwei's suggestion was immediately echoed by Cui Mingda.Many of the world's famous yacht companies have branches in Xiangjiang, but it is best to visit the factory on the spot.It's a pity that Xiao Bai is too lazy to go to Europe for a yacht, just look at the pictures or film and television materials first.So, Xiao Bai, Jiang Youwei, and Cui Mingda gave themselves a rare half-day vacation, and the three of them took a car to several yacht companies and Asian sales companies to go around."

Lao Cui, do you think that company's yacht is more in line with your aesthetics?"

After a long time, Xiao Bai, Jiang Youwei, and Cui Mingda found a café to sit down and rest.Xiao Bai looked at Cui Mingda with a smile and asked."

Xiao Dong, didn't you deliberately make fun of me?

I don't know much about yachts, but I think the Italian shipbuilding company's plan is good. ”Cui Mingda responded with a smile."

I think Mingda is right."

Jiang Youwei has some knowledge of yachts, after all, he has been to these companies many times before, and he has read a lot of various plans."

Okay, you go back and ask them to come up with a new design proposal, I think they still need to make some changes to their previous design."

Xiao Bai nodded, next time he won't come in person, just leave it to Jiang Youwei to deal with.And he also found an interesting phenomenon today, that is, these yacht companies are very enthusiastic, according to Jiang Youwei, much more enthusiastic than before.Xiao Bai actually knows very well that this is the consequences of the Asian financial turmoil that are beginning to appear.Hong Kong's sales companies are mainly aimed at the wealthy in Asia, and now that their wealth has shrunk, it is natural that they will no longer be as full of consumption as before.He thought that it would be good to order a yacht now, at least the price would not suffer.The matter of the yacht was thus decided, and the subsequent things were followed by Jiang Youwei, the 212-foot yacht, the design draft of Sanyi, and the final price was finalized at 16 million US dollars.Since it is a customized yacht, the delivery time will take about a year and a half at the earliest, and Xiao Bai has nothing to look forward to."

Small, help me book a ticket, I'm going to Penang."

Two days later, Xiao Bai took Qin and others to Penang, Malaysia by plane.The purpose of coming over this time is mainly to help Luo Yonglin solve some problems."

Dong Xiao, fortunately we have taken measures, otherwise the company's losses would have been great.But the problem now is that the company's orders have suddenly decreased, and the people in the company are panicking. ”Malaysia has not escaped the onslaught of international travel, and its currency has also depreciated to a considerable extent.The rapid spread of the Asian financial turmoil has also led companies including Intel and AMD to adopt defensive strategies, and it is reasonable for Penang companies to reduce orders.But Luo Yonglin didn't know the bottom of his heart, and called Xiao Bai several times to complain.Xiao Bai had no choice but to come in person, and this was also Huang Yaguang's request."

Now it's just boiling, there's no other way!

Mr.

Luo, what you need to do now is to extend the supply cycle, cancel all overtime, and let the company maintain smoothly. ”The development of a company cannot be smooth sailing forever, and when it encounters adversity, it needs to lie dormant for a period of time to wait for the opportunity.Xiao Bai did not criticize Luo Yonglin harshly, under the impact of this financial turmoil, the panic in his heart is understandable."

Okay, I'll do what you tell me to do.Xiao Dong, you got off the plane today and arrived at the company, why don't you go back to the hotel to rest first?

”Although Luo Yonglin's overall view is a little worse, his execution is still very strong, otherwise Xiao Bai would not have been able to put him in this important position.Today, Xiao Bai arrived at the Penang company as soon as he got off the plane, and Luo Yonglin saw that everything that should be said was finished, so he planned to send Xiao Bai back to the hotel."

Forget it, it's this hour, I'll just sit here and rest for a while."

In the evening, Huang Yaguang still had to invite Xiao Bai to dinner.In fact, it didn't take long to calculate the time, Xiao Bai took a nap in the company's reception room, and then went directly to the banquet."

Xiao Dong, you are still prescient!

I've reduced a lot of losses this time, thank you for reminding me beforehand. ”At the wine table, Huang Yaguang had to toast Xiao Bai first.Because Xiao Bai had reminded Huang Yaguang before, he suffered relatively little loss in this crisis.However, his lair is here after all, and it is impossible for him to lose no loss in terms of assets.Overall, it didn't hurt my bones."

Huang Dong, are you outside?

Besides, that's what I said at the time, it's a coincidence, and don't blame me if it's wrong, that's it. ”Xiao Bai is very modest, after all, Huang Guangya's age is there."

Xiao Dong, then I'm not welcome, in the future, you will have a place where you can find me Huang, just open your mouth, I am obliged."

Huang Yaguang nodded, but his heart had completely fallen to Xiao Bai.The two chatted while eating and drinking, and Huang Yaguang also asked Xiao Bai about the Penang company's plans.Xiao Bai repeated what he said to Luo Yonglin to Huang Yaguang again, telling him to calm down for a while, this round of crisis will always pass.It's just that it's hard to say who will be able to withstand the crisis after the crisis.But the Penang company must have no problem, Xiao Bai did not even distribute the profits of the previous year, just so that the company can sustain.Huang Yaguang had also made sufficient preparations before, so he shorted the real estate in Xiangjiang in advance, and more than half of his current assets are concentrated in China.The next two days.Xiao Bai was still the same as before, accompanied by Luo Yonglin, and went to visit some big customers.These customers were polite and apologized for the sudden cancellation of some orders.Xiao Bai also knew very well that this was force majeure, and his answer made the other party feel very intimate.In addition, Xiao Bai also went to several local companies to investigate.He originally wanted to acquire another packaging company, but when it came to the long-arm jurisdiction obstacles introduced by the United States, he had no choice but to give up such a good harvesting opportunity."

Mr.

Luo, the semiconductor market will recover soon, and if you hold on a little longer, you will get through."

Penang is not the only company that is having a hard time, and domestic AUO Microelectronics and AUO Technology are also facing the problem of declining profits.But the situation in China is much better, and the Penang company has to have a hard time.Xiao Bai stayed in Penang for three days, and before leaving, he specially invited Luo Yonglin to a meal and cheered the other party up again.Subsequently, Xiao Bai flew back to Xiangjiang."

Xiao Dong, the Hang Seng Index fell sharply again this month, but it has rebounded in the past two days, and this is a relatively strong rebound market."

Xiao Bai rested in Xiangjiang for two days, and happened to study with Tian Chunxiu for a weekend.On Monday, as soon as he returned to Shencheng, Cui Mingda's phone call came after him."

Don't worry, I also looked at the trend data of the Hang Seng Index a few days ago, and I think the ultimate target of this rebound is around 15,000 points."

Xiao Bai is confident and not confused by short-term fluctuations.He then asked Cui Mingda to continue to stare at the trend of the index and Huifeng Holdings, and hung up the phone."

Boss, what's the busy?"

Xiao Bai was in the office in the morning to deal with official business, and when it was almost noon, Wang Tiejun knocked on the door and walked in."

Tie Jun, you sit down first, and I'll be fine right away."

Xiao Bai raised his head and smiled at Wang Tiejun, and asked the other party to sit down on the sofa first, and it took him two minutes to finish the piece in his hand before he got up and sat down."

Boss, there are some eyebrows about the matter over there in Star City, I'll report it to you."

What Wang Tiejun said was actually related to Yue Tong.Xiao Bai asked him to investigate the gang of guys who beat Yue Tong, and Wang Tiejun transferred two people to BOD Battery Technology Star City Company.These two people are ostensibly security guards of Star City Company, but secretly the two of them are working shifts and have been investigating this matter."

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The gang now knows Yue Tong's whereabouts, and according to our people, they may retaliate.Of course, these few of them are not good birds, and there are a lot of bad things!

”As Wang Tiejun spoke, he handed a stack of materials to Xiao Bai.Xiao Bai took it and looked at it slowly, and couldn't help frowning.According to the information, the people arranged by Wang Tiejun found that those guys were often wandering around the BOD Battery Star City Company some time ago.However, Yue Tong rarely came out for activities, and they didn't meet it.In addition, there are many things mentioned in the information.For example, Yue Tong's relatives of the little leader, there is no less thing to do to steal and tease girls.There is one key point, these guys got a lot of materials from the unit, such as steel and other things, and sold them at a low price.