Flextronics International (FLEX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Flextronics International (FLEX)

FLEX 59.98

+0.8%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kolo55 who wrote (561)	2/24/1998 10:25:00 AM
From: 18acastra	Read Replies (1) of 1422

China's devaluation of Yuan would be huge positive for Flextronics. Article in yesterday's WSJ. MOody's lowered its outlook from stable to negative on China's credit rating. They believe their is a chance China may be forced to devalue the Yuan as China's exports to Asia have already suffered, falling 1.4% in January compared with a year earlier. Although it is unclear to me what China will do with the Yuan, if it is devalued would be tremendously positive for Flextronics as as large portion of their production capability is based in China (est. 25%-35%). Flextronics benefits in two ways: 1) lower direct operating costs 2) lower cost facility which is a competitive advantage and allows them to win more business. Maybe the article, in combination with the fact that stock is cheap anyway, is why stock popped three points yesterday. My opinion.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next