Chapter 587: Revealing His Evil

"The Thai baht in the spot market broke 26.94!" Ye Jianbin pushed the door in, his voice suppressed, but his excitement could not be suppressed, and he said quickly, "The forward contract declined even deeper, and the selling price surged within ten minutes, and it immediately pierced the previous low..."

The low point of the Thai baht exchange rate against the US dollar caused by the second wave of international hot money attacks on the Thai baht is 26.94. This point can be said to be the last psychological defense point for investors to fight the Thai baht. If the Bank of Thailand cannot withstand this point, the Thai baht selling will double.

Even if you hold on today, what can you do? Zhang Ke put the Hong Kong Economic Daily in his hand on the corner of the table.

This morning, the Hong Kong Economic Daily's financial column article pointed out incisively that the Thai Finance Minister resigned at this moment last night. The Bank of Thailand raised the proportion of bad debt reserves to stimulate everyone to jump off the building, predicting that the emergence of the Thai baht selling market will stimulate the gold line of the Asia-Pacific region to fall, and the Thai stock market will surge for the first time.

Zhang Ke held the coffee on the corner of the table and asked Ye Jianbin: "Do you want a cup of coffee to refresh yourself?"

Ye Jianbin's eyes were bloodshot. It seemed that he had not slept well last night or was staring at the New York foreign exchange market in Nick Lisen's room without sleeping.

Ye Jianbin burst into laughter. Zhang Ke's temper really slowed down other people's temperament.

"The Central Bank of Thailand will take action later. The exchange rate is beating up and down. Can your heart stand it?" Zhang Ke asked Ye Jianbin with a smile, "There are beating up and down for millions of dollars..."

Ye Jianbin patted the back of his head, thinking about it, and he thought about it. He shouldn't have been so excited about what he had expected. Staying in Nick Lisen's hands would hinder their operations. He smelled the aroma of coffee and walked to the bar to pour himself a cup of coffee. Zhang Ke's unpretentious attitude towards wealth is indeed not something that anyone can possess.

Ye Jianbin split half of the newspaper from Zhang Ke and flipped to the financial page, which contained news released by Aida Electronics through the Hong Kong Economic Daily.

After the additional issuance and merger, it was renamed Ida Electronics and listed on the United Stock Exchange of Hong Kong. The board of directors and the company's management have been reorganized to fully integrate the disc player business into the listed company; and the reduction of Ye Jia, Sun and Ge's stocks is temporarily completely separated from Ida Electronics. Even if they want to re-enter the operation of Ida Electronics, they have to wait for the Asian financial crisis to hit the most thrilling moment to hold shares in a rescue attitude.

Ye Jianbin usually doesn't take the initiative to ask about Ida Electronics now, and it's really a coincidence. Today, Ye Jianbin reads it carefully, but Ida Electronics expects that the Southeast Asian market will shrink due to the economic recession in the future. Ida Electronics will shrink its disc machine business in Southeast Asia, and to lower its profit expectations for the second half of the year.

"Ah, I'm so ugly!" Ye Jianbin pointed to the news in the newspaper and asked Zhang Ke, "Do you want to pull down the stock price of Aida Electronics, or do you want to take the opportunity to remind some people?"

"If we can put down the stock index before those financial giants enter Hong Kong and start to establish short positions, the destructive power will not be that great in the future," said Zhang Ke. "The tragic situation of taking the initiative to fall down is not the same as being defeated by international hot money. It can be foreseen that Hong Kong stocks will decline for a long time for a long time, and may have to go through a period of adjustment for more than one year. The high at this time is just a dream that is easy to wake up and fragile, but whoever wants to make this dream break will be afraid to hold a grudge against Hong Kong stock investors for the rest of their lives... So I didn't mention this bad idea to my second uncle yesterday."

Ye Jianbin smiled and said, "The Hong Kong government authorities directly interfere in the stock market, and they are afraid they will also be questioned, let alone the Liaison Office of the Central People's Government. It would be fine if you don't mention it. If you ask, the second uncle will be more difficult..."

"Today, the Hong Kong stock market should have a big downturn. My arrangement is to let investors with a little keenness know the reason for the big downturn. This is not just that the Thai baht is attacked, but that Asia is facing an extremely serious economic crisis... If it is time to be eliminated, it will be reluctant to leave, and maybe the corpse will not exist."

"What if all domestic companies listed in Hong Kong issued similar announcements, would this basin of cold water be poured too strongly?" Ye Jianbin asked.

"Will the traces of manipulation be too obvious?" Zhang Ke was a little hesitant.

"I'm not afraid of this. It might be more appropriate to make domestic listed companies with business in Southeast Asia issue relevant announcements, and don't concentrate on one day to announce it. Try to pour this basin of cold water within a week. It may be a bit criticized, but how can you be afraid of others pointing out something if you want to do something?" Ye Jianbin is more straightforward than Zhang Ke. After all, there is no gap between him and Ye Zhenmin. "I'll talk to my second uncle first and see what he thinks..."

Ye Jianbin took out his cell phone and called his second uncle Ye Zhenmin. After answering the phone, he covered the microphone and pointed to the newspaper on the table and said to Zhang Ke: "Uncle Second, he saw this newspaper and said you would raid him..."

Zhang Ke smiled bitterly. He had no intention of attacking Ye Zhenmin. The Liaison Office of the Central Committee of the Communist Party of China is relatively embarrassed in Hong Kong. He can still understand Ye Zhenmin's situation in Hong Kong - he can only be regarded as an advisor. Therefore, when he gives Ye Zhenmin any suggestions, he will take into account his situation as much as possible and will not give too fierce suggestions.

He just wanted to do as much as possible.

The surge in Hong Kong stock market since mid-March is actually because investment institutions are speculating on the return of Hong Kong. The red-chip stocks that are owned by domestic capital or controlled by domestic capital have increased by as much as 80%, and the stocks of other listed companies have increased by only half. The stock price of Ida Electronics (Crazyn Industrial) has soared more than three times in half a year because of the theme of restructuring and mergers. During the same period, the stock markets of other Southeast Asian countries were relatively bleak. Before international hot money entered the Hong Kong stock market and the futures index established a large number of short positions, pour cold water on the overheated red-chip stocks, so that the Hong Kong stock index could fall sharply, which could reduce the super destructive power contained in the Hong Kong stock index.

"Uncle Second will discuss it internally in the Liaison Office of the Central People's Government first, but in the end, hello to the Hong Kong government authorities before implementing it..." Ye Jianbin put his mobile phone on the corner of the table and said.

Chen Jing returned to the hotel, Zijia stared at the computer screen, as if she was leaving the hotel in the morning, she also had the same attitude and asked her: "Have you moved in one day?"

"Oh..." Xie Zijia responded, but his eyes did not move the computer screen.

Chen Jing walked in and moved the notebook to the corner of the desk. The Hong Kong stock index on the screen fluctuated violently. Compared with the bleak stock index performance of other Southeast Asian countries today, it was much better. He said, "All this point is here, what else can I look at? You are really a freak of the Xie family."

"The Thai baht fell sharply today!" Xie Zijia looked up at Chen Jing, "Did that guy come for the Thai baht? If he came for the Thai baht, it seemed that there would be no time to start; or would they have prepared long ago?"

"How can I know this? I can't catch him and take it out of his stomach." Chen Jing smiled slightly.

"You seem to be familiar with him!" Xie Zijia glanced at Chen Jing suspiciously.

"Where?" Chen Jing patted her forehead and took the opportunity to flash Zijia's suspicious eyes, "Oh, by the way, you care so much about this guy," she also specifically emphasized the word "guy". "The newspaper happened to publish news about this guy, take it and take a look..." Take it out today's Hong Kong Economic Daily from her laptop bag and handed it to Zijia. "Ida Electronics released a message through the Hong Kong Economic Daily that Southeast Asia will have an economic recession that lasts for at least one year. They will shrink their business in Southeast Asia and lower their operating profit expectations for the second half of the year..."

"It's very strange..." Xie Zijia bit his finger, looked up at Chen Jing with his head open, and his eyes were full of confusion.

Chen Jing smiled slightly, and Zhang Ke himself was a difficult person to figure out.

This is probably the first listed company to make its own judgment on the macro economy in advance, right? Hong Kong stocks fluctuated violently today, but the stock price of Ida Electronics fell sharply due to this news of a huge cold water splash.

The situation today seems to have suddenly become worse. Ye Zhenmin’s prediction a year ago seemed to be about to become a reality. How should Kewang adjust his business to deal with the impact? If he shrinks his Southeast Asian business immediately after Ida Electronics, Kewang will not achieve the profit target set before the New Year this year. If the Southeast Asian business is not adjusted in time, there may be an additional risk of inventory backlog; of course, overseas companies will bear greater risks, and the key is to look at Ge Yinjun's attitude.

Ge Yinjun couldn't say anything about his suffering.

It should be said that the economic situation in Southeast Asia was clear after the second wave of attacks on the Thai baht. It was already mid-to-late June, but the adjustment of overseas companies' shares was carried out in early April. In just two months, Ge Yin and his personal shares in overseas companies increased from 40% to 85%, and he also injected nearly 200 million Hong Kong dollars in additional funds. It is impossible to say that the Xie family deliberately set a trap for him, right?
Chapter completed!