Yue Yuen International
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/yue-yuen-internaitonal-Posted on Wednesday, June 4th, 2008 | In Asia, China, Current Market News, Stocks to Watch, Vietnam
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
I had a very interesting meeting with the largest athletic shoe company in the world, Yue Yuen Industrial (0551.HK). The soles of tennis shoes are made from ’synthetic’ rubber, a combination of petroleum-based chemicals as well as rubber. Since the cost of oil is soaring, so is the cost of synthetic rubber. That doesn’t mean Yue Yuen International is headed for trouble. It does mean that they’ll need to improve productivity and/or raise prices to compensate for the raw materials increase. I did have a fascinating discussion with the CEO about the success of their manufacturing plant in Vietnam.
Last 5 posts by Tony Sagami
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Tags for this Post:
Asia, Athletic Shoe, ceo, Chemicals, China, Current Market News, Hk, Manufacturing Plant, Petroleum, Productivity, Raw Materials, Shoe Company, Soles, Stocks to Watch, Synthetic Rubber, Tennis Shoes, Vietnam, Vietnam
Asia, Athletic Shoe, ceo, Chemicals, China, Current Market News, Hk, Manufacturing Plant, Petroleum, Productivity, Raw Materials, Shoe Company, Soles, Stocks to Watch, Synthetic Rubber, Tennis Shoes, Vietnam, Vietnam
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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