Yoshida from Japan's Nomura Securities was drinking afternoon tea on the balcony of the sea-view room. He silently stared at the water of Victoria Harbor, but his mind was distracted and thinking about many events.
The Rabbit family has been engaged in the "Western Development" for many years, but the results have always been unsatisfactory. In recent years, they have also engaged in the "One Belt, One Road" initiative, which seems unstoppable but also carries huge shackles, like a giant dancing with chains.
Japan is extremely vigilant and opposed to Rabbit's "One Belt, One Road" initiative. The reason is very simple. Japan is an ocean-type island country, and what it has to do is to use the ocean as much as possible. But in fact, if you look at the world map, the world's
Where is the center?
It’s Eurasia!
Americans have been called country bumpkins for a long time. Why? Because America is located in a corner, far away from the center of civilization. If World War I and World War II had not destroyed Eurasia to a pulp, the United States would not have been able to develop at all.
Mostly a large Saudi.
With America's powerful navy now, it is very difficult for rabbits to compete with it for the ocean. But rabbits have a huge advantage. Their ancestors have left a unique geographical condition to future generations - the best territory in Northeast Asia.
They have all been occupied by the Han people.
If Eurasia can be connected by land, the United States will have no trouble in future history. Why Americans are messing around in Central Asia and the Middle East is that they don't want to see anyone able to integrate the entire Eurasia.
And where is the center of Eurasia? Keep looking at the map, in Rabbit’s home city of Xinjiang. Why does Urumqi in Xinjiang not have a very developed economy but a large airport? It’s because it is the closest to any point in Eurasia.
The "Belt and Road" plan is very grand, but precisely because of its grandeur, it also brings huge difficulties. Some difficulties are man-made, and some difficulties are caused by the geographical environment. For example, the China-Europe train runs from Yiwu to London, and the whole journey costs 10,000 yuan.
More than 2,000 kilometers, it takes eighteen days!
If you can use an airplane, it only takes a dozen hours, but intercontinental flights require large airplanes, and the cost of large airplane transportation is too expensive!
The reason why the "Western Development" back then was extremely slow was because it required the construction of a large number of railways. The investment was large, the construction period was long, and the supporting facilities were complicated. This could not be accomplished overnight.
In fact, Western countries are not interested in the "Belt and Road Initiative" at first, and Japan and the United States have been fighting against it. They all think, 'Oh shit, if such a difficult thing is done by a rabbit, will I still be able to survive?
'
But now the emergence of Singapore Airlines has put great pressure on the Japanese. Judging from the current popularity of the northwest to southeast route for flower growers, those rabbits are really fearless and dare to think and do. The most important thing is that they really seem to want to
Done!
When Ichiro Sakamoto, who was wandering in the northwest, sent back the idea of shorting Singapore Airlines stock, the Japanese cabinet attached great importance to it and asked the domestic financial community to investigate the feasibility. If it can be sabotaged, it must be sabotaged.
After reading Ichiro Sakamoto's report, the senior management of Nomura Securities also felt that there seemed to be a lot of profit here. It would be useless not to get up early, and everyone only pounced on it when they saw the benefits.
Several Japanese financial institutions want to form a group to eliminate monsters, and Yoshida from Nomura Securities is here to explore the way. To be honest, after briefly reading the listing information of Singapore Airlines, he also felt that this was a big fat sheep.
Singapore Airlines was split from China Southern Airlines not long ago, and China Southern Airlines was originally listed on the Hong Kong stock market. After the split, Singapore Airlines retained the ability to raise funds on the Hong Kong stock market, which is still very beneficial for Singapore Airlines, which is extremely eager for big development.
Yoshida made an appointment with executives from Cathay Securities in Hong Kong today to discuss the specific operational issues of shorting stocks. However, when the two parties talked on the phone, the other party was not very optimistic about the prospect of shorting Singapore Airlines.
"Yoshida-san, your idea is good, but mainland companies sometimes do not operate according to common sense. We can lend our Singapore Airlines stock, but I don't think you can really short it."
The communication on the phone surprised Yoshida. He once again looked for all the information he had collected, but after much deliberation he still couldn't figure out what was wrong. He also looked for several other financial institutions, and even spent money to buy some investigation companies.
The secret business information obtained. The result...
"Singapore Airlines was restructured, suspended and resumed, and its asset information has been changed many times. But it can still make a profit?" Yoshida was puzzled by this. "It's not bad if it doesn't lose money, so how can it still make a profit?"
Singapore Airlines seizes the freight market at ultra-low prices. It is not only profitable, but also extremely profitable. Yoshida has bank data from commercial espionage. From a cash flow perspective, the daily gross profit of Singapore Airlines' more than 100 large passenger planes is around 1
More than 100 million.
There is such an operation? It is simply outrageous!
Impossible, this is absolutely impossible!
As a listed company, if you disclose false data, you will be fined.
If the opponent is profitable, then short selling is a joke. An angry Yoshida carefully studied the information and determined one thing first - Singapore Airlines does not have to pay taxes and does not spend money on fuel. These are super preferential policies granted by the state.
"What a generous support!" Yoshida sighed. He knew that fuel accounts for about one-quarter to one-third of the operating costs of large passenger aircraft. The country will suffer huge losses if it bears this cost. "Yes.
I always envy the Chinese government for its courage and ambition!"
But even if there is a subsidy on fuel, you will still lose money!
Yoshida continued to look for what he wanted in various statements, but he soon discovered another strange thing - there was no airframe depreciation expense in the operating statements disclosed by Singapore Airlines.
Hey..., this isn't quite right!
All companies around the world will have equipment depreciation expenses, how can Singapore Airlines not have it? This is not common sense!
What is this operation?
Yoshida was once again in doubt. He had to call people everywhere, but no one in the financial world could explain this problem. Who would be so stupid to use a huge fleet of aircraft without spending any money?
thing?
Yoshida finally found a senior Cathay Pacific executive who was willing to provide him with information. The answer he received was, 'The affairs of the Flower Planting Government are so strange. Now the financial world is speculating, and there is no answer yet.'
There are more than one hundred large passenger aircraft worth tens of billions of dollars. The annual depreciation during the entire operation period is more than ten or two billion dollars. You must know that many large companies cannot earn more than ten or two billion dollars a year! This amount of money
Whose money is it?
The world's arms giant, the famous Lockheed Martin, sells weapons all over the world. Without Lockheed Martin, the US military would not have to fight. But its annual arms sales turnover is only more than 40 billion US dollars, and its profit is only a few
Just a billion dollars.
One year of depreciation by Singapore Airlines can kill Lockheed Martin!
Regarding this question, Singapore Airlines did not provide any explanation or disclosure. And just when all the puzzling vampires around the world were baffled, the Rabbit Government stated that it would calculate Singapore Airlines’ depreciation expenses to nearly one trillion per year.
Soft sister currency’s public safety expenditures.
What?!
At the press conference of the State Council, the spokesperson publicly stated: "In the past, due to high logistics costs and low economic development, it was a loss to engage in agricultural and sideline industries in the northwest. It is also because of this that a large number of people from the northwest have emigrated, which has led to local divisions.
The power is relatively rampant.
But now Singapore Airlines' low-price policy has opened up a new situation for the prosperity and stability of the entire northwest region. Because agricultural and sideline industries have once again become profitable, even huge profits, a large number of investments and agricultural people from the mainland have poured in.
The farmers in our country are the most hard-working in the world. In order to make a fortune, our farmers go to Russia to farm, to Africa to farm, and to South America to farm. As long as we can make money, we are willing to go anywhere. There is no reason for us to do so.
You cannot go inside the country.
As long as the population flows in and society is stable, the country's public security expenditures will overall decrease. Bearing the operating expenses of Singapore Airlines is very cost-effective in the long run."
As soon as this statement was released, others were still lamenting that the Rabbit government was really rich, but Ichiro Sakamoto, who had stayed in the Rabbit family for ten years, was shocked - the farmers in the Rabbit family looked honest and honest, but they would do anything to make money.
come out!
Where did the ethnic minorities come from in the Rabbit family? It’s just that they couldn’t defeat these seemingly weak farmers, so they became ethnic minorities!
Western countries have spent a lot of manpower and financial resources to disrupt the flower-growing Northwest, and have paid a huge price, but now it has been cracked by an airline.