The Rebirth of Shazhu: Starting from Staying Away from Beasts
Chapter 406: Deciding to Go Long on Thai Baht
At this moment, every employee in the conference room had an expression of joy that was difficult to conceal on their face.
This joy is not groundless, but stems from the thrilling financial war not long ago - the successful short-selling operation of the Thai baht.
This action not only demonstrated the company's outstanding market insight and decisive decision-making ability, but also brought extremely rich profit returns.
Everyone knew clearly that according to the company's usual reward mechanism, such a brilliant record meant that their respective commissions and bonuses would surely be considerable.
Thinking of this, many people have begun to fantasize involuntarily in their minds:
If I can strike while the iron is hot and short the Thai baht, will I have enough funds to buy a bigger and better house?
Or how about just buying the luxury car you've always dreamed of?
Such a beautiful vision seems to be within reach, making people's heart beat faster and their blood boil.
Standing on the podium, He Yuzhu first expressed his high recognition and sincere gratitude to the employees for their hard work over the past period of time.
He elaborated in detail on the contributions made by each team member, and his sincere words inspired everyone present.
Immediately afterwards, amid warm applause, He Yuzhu officially began to deploy the next work plan.
“At present, after some intense operations and efforts, we have finally succeeded in redeeming enough Thai baht.
However, tomorrow is the due date for our mortgage loan in the Thai Baht we have currently converted back.
After careful calculation, when all transactions are settled tomorrow.
The amount of US dollars we hold has exceeded an astonishing 21 billion US dollars!"
This number undoubtedly made everyone present feel excited.
At this moment, an employee could not suppress his curiosity.
He asked, "Mr. He, since we have achieved such great results, what should we do next?
Can we use the existing collateralized US dollars to continue to suppress the Thai currency in the market and gain more benefits? "
Hearing the employee's question, He Yuzhu first waved his hand to signal everyone to be quiet.
However, he answered seriously:
"No! On the contrary, what we have to do next is not to continue to lower the Thai Baht exchange rate, but to go long on the Thai Baht!!!"
As soon as these words were spoken, it was like a stone that caused a thousand ripples, and the entire conference room suddenly exploded.
Someone shouted in surprise: "What? Going long on Thai Baht at this juncture? This is crazy!"
Someone else echoed, “Yes, Mr. He, the Thai Baht market is on the verge of collapse.
Choosing to go long on Thai Baht at this moment is extremely risky! ”
For a time, various doubts and objections arose one after another, and some people even stood up directly to refute He Yuzhu's decision.
Many people began to whisper to each other, discussing this seemingly risky plan.
Faced with everyone's doubts and concerns, He Yuzhu remained unusually calm.
He and Xu Damao beside him sat there quietly, listening to every employee express their true doubts and thoughts.
On the other hand, He Xiaoqi's siblings and Xu Nianchu had already known the entire plan of He Yuzhu and Xu Damao last night.
So at this moment, they were not in a hurry to express their opinions or participate in this heated discussion.
Xu Damao slowly raised his hand and pressed it down hard. The originally noisy meeting room instantly became quiet.
He cleared his throat and then said slowly: "Everyone, please be quiet for a moment~"
Everyone's eyes were focused on Xu Damao. He had a smile on his face, but his eyes revealed an unquestionable confidence.
"Guys, I know what you are thinking.
However, not long ago, I personally had an in-depth meeting with Mr. He and the Terra Ambassador to China.
A certain consensus was reached.”
Xu Damao paused for a moment and looked around at everyone present, as if he wanted to observe everyone's reaction.
Then, he continued: “Everyone should be clear about the current situation.
The depreciation of the Thai baht is really too large if we continue to choose to short.
The benefits that can be obtained are probably quite limited.
And according to the results of our meeting with the Ambassador, the Thai government will take a series of important measures, including maintaining the exchange rate.
So after careful consideration, I think we should do the opposite and support the Thai government instead.
We cooperate with Thailand, using the huge amount of US dollars we have and the measures customized by Thailand.
The Thai Baht will certainly surge in value in a short period of time, and may not be able to recover to the price in the early days when the Thai Baht was decoupled from the US dollar.
But the appreciation of the Thai currency is a foregone conclusion.”
At this point, Xu Damao deliberately raised his voice, and his tone became more firm and powerful:
"As long as we invest more than 20 billion US dollars, coupled with the full cooperation and promotion of the Thai government.
Then going long on Thai Baht at this time will undoubtedly be the best choice for our current investment strategy!"
As Xu Damao finished his impassioned speech, the entire conference room fell into a brief silence.
Although he spoke clearly and confidently, many employees still had doubts.
After all, Thailand is now in dire straits and is trying its best to deal with the crazy encirclement and sniping of international hot money that is surging like a tide!
The impact and pressure brought about by this financial crisis have made the Thai government face an unprecedented severe situation, and if it is not careful, it may fall into an irretrievable situation.
This situation has long been known to everyone and a hot topic of discussion on the streets.
Even in Hong Kong, many people sold their stocks and went to brokerage firms to trade foreign exchange.
If the situation had not been so critical, how could the Thai government have been in a passive position?
Can they only watch their national currency, the Thai baht, plummet and even be on the verge of collapse, but have yet to take effective rescue measures?
From the perspective of any normal investor, this approach is simply inconceivable and extremely unwise!
You could have just laid back and earned huge profits, but you chose to take such a huge risk.
Even if they are lucky enough to get considerable profits in the end, it will inevitably completely anger the entire Western capital market.
This is undoubtedly a behavior that is not worth the cost and is definitely not a wise choice!
However, what was unexpected was that He Yuzhu and Xu Damao seemed to be determined.
Even though the big boss had clearly given them instructions, telling them not to act rashly, they were helpless in the face of such a strong order!
Not to mention that these funds originally belonged to the boss and had already been decided to be used for investment.
Even at this moment, if they suddenly announced to the public that they would donate all the money, they would not be able to stop it.
Because things have come to this point, everything is a foregone conclusion.
But then again, fortunately, they have already obtained a lot of returns in the previous wave. Even if the investment fails next time, they at least have that stable basic salary as a guaranteed income.
In addition, over the years, they have always followed this boss closely in various investment activities and have accumulated some wealth to a certain extent.
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