SI
SI
discoversearch

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 : Deswell Industries (DSWL)
DSWL 3.510+0.3%2:52 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Bower who wrote (837)7/22/1998 4:54:00 PM
From: Ron Bower  Read Replies (1) of 1418
 
And more-

biz.yahoo.com

I am reading from many articles that exporters in Japan, South Korea, and the ASEAN countries are unable to take advantage of the competitive edge the currency devaluations have provided because they cannot obtain working capital.

In May, the US monthly trade deficit (98/97) with China increased over 9% (both exports and imports) but the trade deficit with Japan declined over 9% (both exports and imports). Chinese exporters are finding that the currency devaluations are not hurting them as badly as they anticipated. As in a prior post, much of it is due to raw material costs that are price dominated in $US.

Major purchases by China from the US have been fixed asset items (machinery) and exports were primarily consumer goods. China is not as yet involved in 'high tech' like many Asian countries and is still finding a market in the US and Europe for clothing, toys, appliances, and other consumer items (telephones?).

Because China has not devalued and continues to import, exporters have been able to ship products while the other Asian countries have a shortage of containers.

As Asian banks continue to tighten loan policies, the exporting companies will continue to have problems. Many of these companies are Deswell's competitors. THis is not an indicator that Deswell is increasing business, but that they should not be hurt as badly as one might think. I am looking for them to continue growth.

FWIW,
Ron
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News