Exit By Company Valuation

00:00:00–00:00:03

00:00:00 Chapter terakhir, Exit Strategy dan ini adalah Exit By Valuation.

00:00:03–00:00:06

00:00:00 Chapter terakhir, Exit Strategy dan ini adalah Exit By Valuation.

00:00:05 Kalau sebelum ni kita dah belajar yang ni, kita nak pergi yang ni pula.

00:00:06–00:00:09

00:00:05 Kalau sebelum ni kita dah belajar yang ni, kita nak pergi yang ni pula.

00:00:08 Exit By Valuation.

00:00:09–00:00:12

00:00:08 Exit By Valuation.

00:00:11 Guys, akhirnya saya nak share dengan awak empat cara nak buat company valuation.

00:00:12–00:00:15

00:00:11 Guys, akhirnya saya nak share dengan awak empat cara nak buat company valuation.

00:00:15–00:00:18

00:00:11 Guys, akhirnya saya nak share dengan awak empat cara nak buat company valuation.

00:00:17 Hulamak, lepas belajar benda ni, awak dah macam sembang korporat tu.

00:00:18–00:00:21

00:00:17 Hulamak, lepas belajar benda ni, awak dah macam sembang korporat tu.

00:00:21–00:00:24

00:00:17 Hulamak, lepas belajar benda ni, awak dah macam sembang korporat tu.

00:00:22 Korporat tu.

00:00:23 Okay, first kali dia panggil sebagai AV, Asset Valuation.

00:00:24–00:00:27

00:00:23 Okay, first kali dia panggil sebagai AV, Asset Valuation.

00:00:27–00:00:30

00:00:27 Okay, AV, Asset Valuation.

00:00:30–00:00:33

00:00:30 So, asset valuation ni adalah valuation berdasarkan nilai asset yang awak ada.

00:00:33–00:00:36

00:00:30 So, asset valuation ni adalah valuation berdasarkan nilai asset yang awak ada.

00:00:34 Contohnya, awak ada rumah, kereta, awak ada ofis, awak ada duit.

00:00:36–00:00:39

00:00:34 Contohnya, awak ada rumah, kereta, awak ada ofis, awak ada duit.

00:00:38 Asset ni, formula ni simple je.

00:00:39–00:00:42

00:00:38 Asset ni, formula ni simple je.

00:00:40 Asset minus liability.

00:00:41 Boleh tengok dekat situ.

00:00:42–00:00:45

00:00:41 Boleh tengok dekat situ.

00:00:42 Asset ni maksudnya apa?

00:00:44 Apa-apalah.

00:00:45–00:00:48

00:00:45 Kereta, rumah, contohnya awak ada cash dalam bank account awak,

00:00:48–00:00:51

00:00:48 awak ada perabot, awak ada mikrofon ke,

00:00:51–00:00:54

00:00:48 awak ada perabot, awak ada mikrofon ke,

00:00:51 apa-apa sahaja asset yang ada dalam business awak,

00:00:54–00:00:57

00:00:51 apa-apa sahaja asset yang ada dalam business awak,

00:00:54 itu adalah asset.

00:00:56 Apa-apa sahaja barang, berharga, yang ada nilai.

00:00:57–00:01:00

00:00:56 Apa-apa sahaja barang, berharga, yang ada nilai.

00:00:58 Tapi kalau katakanlah saya punya microphone ni

00:01:00–00:01:03

00:00:58 Tapi kalau katakanlah saya punya microphone ni

00:01:00 Saya kena bayar hutang dengan bank setiap bulan

00:01:02 Sebab itulah formula dia

00:01:03–00:01:06

00:01:02 Sebab itulah formula dia

00:01:03 Asset tolak liability

00:01:05 Liability ni apa?

00:01:06–00:01:09

00:01:05 Liability ni apa?

00:01:06 Adalah hutang ataupun tanggungan

00:01:08 So

00:01:09–00:01:12

00:01:08 So

00:01:09 Berapa nilai company awak

00:01:10 Semua sekali katalah RM100,000

00:01:12–00:01:15

00:01:10 Semua sekali katalah RM100,000

00:01:12 So katalah company awak ni RM100,000

00:01:15–00:01:18

00:01:12 So katalah company awak ni RM100,000

00:01:16 Tapi tolak dengan hutang-hutang ataupun liability tanggungan

00:01:18–00:01:21

00:01:16 Tapi tolak dengan hutang-hutang ataupun liability tanggungan

00:01:20 Oh tanggungan saya

00:01:21–00:01:24

00:01:20 Oh tanggungan saya

00:01:21 Saya kena bayar sana sini tuan

00:01:23 Ni bukan yang bayaran bulanan tau

00:01:24–00:01:27

00:01:23 Ni bukan yang bayaran bulanan tau

00:01:24 Yang ni yang asset punya liability

00:01:26 Maksudnya, saya punya microphone ni

00:01:27–00:01:30

00:01:26 Maksudnya, saya punya microphone ni

00:01:28 Harga RM10,000 tapi

00:01:30–00:01:33

00:01:28 Harga RM10,000 tapi

00:01:30 Loan dengan bank masih RM3,000

00:01:32 Jadi nilai dia RM10,000 ke berapa?

00:01:33–00:01:36

00:01:32 Jadi nilai dia RM10,000 ke berapa?

00:01:34 Tak, nilai dia adalah RM7,000

00:01:35 Sebab nilai dia adalah ibarat RM10,000

00:01:36–00:01:39

00:01:35 Sebab nilai dia adalah ibarat RM10,000

00:01:38 Harga ni tolak dengan RM7,000

00:01:39–00:01:42

00:01:38 Harga ni tolak dengan RM7,000

00:01:39 So nilai dia tolak dengan RM3,000

00:01:41 So nilai dia adalah RM7,000

00:01:42–00:01:45

00:01:41 So nilai dia adalah RM7,000

00:01:43 Macam tu, sama macam company kita

00:01:45–00:01:48

00:01:43 Macam tu, sama macam company kita

00:01:46 Ada tak company berhutang apa-apa?

00:01:48–00:01:51

00:01:48 Duit yang kena bayar pada vendor ke apa-apa

00:01:50 Sebab monthly overhead tu

00:01:51–00:01:54

00:01:50 Sebab monthly overhead tu

00:01:51 Madam

00:01:53 Monthly overhead tu, dia tidak dikira sebagai

00:01:54–00:01:57

00:01:53 Monthly overhead tu, dia tidak dikira sebagai

00:01:55 Tidak dikira sebagai

00:01:57–00:02:00

00:01:55 Tidak dikira sebagai

00:01:57 Liability

00:01:58 Itu cost overhead

00:01:59 So katalah

00:02:00–00:02:03

00:01:59 So katalah

00:02:00 Oh saya punya liability

00:02:01 Adalah 30k tuan

00:02:02 Jadi alhamdulillah

00:02:03–00:02:06

00:02:02 Jadi alhamdulillah

00:02:03 Company awak

00:02:04 Bernilai

00:02:05 70k

00:02:06–00:02:09

00:02:05 70k

00:02:06 Dah settle

00:02:07 Cerita je

00:02:07 Maksudnya berapa

00:02:09–00:02:12

00:02:07 Maksudnya berapa

00:02:09 Value company saya

00:02:10 70,000

00:02:12–00:02:15

00:02:12 Dan nombor dua pula

00:02:14 Adalah dipanggil sebagai

00:02:15–00:02:18

00:02:14 Adalah dipanggil sebagai

00:02:15 Profit valuation

00:02:16 Yang ni yang saya lebih

00:02:17 Prefer lah

00:02:18–00:02:21

00:02:17 Prefer lah

00:02:18 PV

00:02:18 Profit

00:02:20 Valuation

00:02:21–00:02:24

00:02:20 Valuation

00:02:21 Valuation profit ni

00:02:22 Mengikut nilai

00:02:23 Keuntungan tahunan kita

00:02:24–00:02:27

00:02:23 Keuntungan tahunan kita

00:02:25 Berapa awak untung setiap tahun

00:02:26 Bila katakanlah kita audit keuntungan bersih awak

00:02:27–00:02:30

00:02:26 Bila katakanlah kita audit keuntungan bersih awak

00:02:29 Lepas dah tolak

00:02:30–00:02:33

00:02:29 Lepas dah tolak

00:02:30 Apa-apa pun semua

00:02:32 Okey tuan

00:02:32 Keuntungan bersih saya adalah

00:02:33–00:02:36

00:02:32 Keuntungan bersih saya adalah

00:02:35 RM100,000

00:02:36–00:02:39

00:02:35 RM100,000

00:02:37 Oh

00:02:37 Ni pada tahun 2024

00:02:39–00:02:42

00:02:37 Ni pada tahun 2024

00:02:40 Tahun lepas

00:02:41 Katakanlah

00:02:42–00:02:45

00:02:41 Katakanlah

00:02:42 Jadi

00:02:43 Kalau untung awak RM100,000

00:02:44 Ada satu benda dipanggil sebagai

00:02:45–00:02:48

00:02:44 Ada satu benda dipanggil sebagai

00:02:46 PE multiple

00:02:47 PE multiple ni adalah

00:02:48–00:02:51

00:02:47 PE multiple ni adalah

00:02:49 Price to earning ratio

00:02:51–00:02:54

00:02:51 Price

00:02:51 Harga company

00:02:52 Berdasarkan earning

00:02:54–00:02:57

00:02:52 Berdasarkan earning

00:02:54 income pendapatan

00:02:56 so maksudnya

00:02:57–00:03:00

00:02:56 so maksudnya

00:02:57 berapa kali ganda

00:02:58 contohnya kalau awak

00:02:59 takkan awak nak jual

00:03:00–00:03:03

00:02:59 takkan awak nak jual

00:03:00 harga RM100,000

00:03:01 ini maksudnya

00:03:02 PE 1

00:03:03–00:03:06

00:03:02 PE 1

00:03:03 ini maksudnya

00:03:04 PE darab dengan

00:03:05 PE 1

00:03:06–00:03:09

00:03:05 PE 1

00:03:06 so RM100,000

00:03:07 darab dengan 1

00:03:08 dapatlah

00:03:09–00:03:12

00:03:08 dapatlah

00:03:09 RM100,000

00:03:10 ok nilai syarikat saya

00:03:11 RM100,000

00:03:12–00:03:15

00:03:11 RM100,000

00:03:12 tapi biasanya jarang macam ni

00:03:13 sebab banyak company

00:03:14 dia akan guna

00:03:15–00:03:18

00:03:14 dia akan guna

00:03:15 PE multiplier

00:03:16 maksudnya

00:03:16 nilai syarikat tu

00:03:18–00:03:21

00:03:16 nilai syarikat tu

00:03:18 sebenarnya adalah

00:03:18 5 kali ganda

00:03:19 daripada untung dia

00:03:20 sebab tu kalau tengok

00:03:21–00:03:24

00:03:20 sebab tu kalau tengok

00:03:21 dekat table ni

00:03:22 saya tunjuk

00:03:23 industri tech

00:03:24–00:03:27

00:03:23 industri tech

00:03:25 ni

00:03:25 industri tech

00:03:26 ataupun SAS

00:03:27–00:03:30

00:03:26 ataupun SAS

00:03:27 kebiasaannya

00:03:28 dia punya PE dia

00:03:30–00:03:33

00:03:31 keser

00:03:32 ok

00:03:33–00:03:36

00:03:33 company macam

00:03:34 contoh tech

00:03:35 atau SAS ni

00:03:36–00:03:39

00:03:35 atau SAS ni

00:03:36 PE dia dalam sekitar

00:03:37 15%

00:03:38 15 kali ganda

00:03:39–00:03:42

00:03:38 15 kali ganda

00:03:39 maksudnya katakanlah

00:03:40 profit dia 100 ribu

00:03:41 nilai dia adalah

00:03:42–00:03:45

00:03:41 nilai dia adalah

00:03:42 1.5 juta

00:03:43 15 ke 25 kali ganda

00:03:45–00:03:48

00:03:43 15 ke 25 kali ganda

00:03:45 dia adalah company-company

00:03:46 yang high grow

00:03:46 yang scalable

00:03:47 ini company-company

00:03:48–00:03:51

00:03:47 ini company-company

00:03:48 tech biasanya

00:03:49 that's why

00:03:50 banyak company pergi IPO

00:03:51–00:03:54

00:03:50 banyak company pergi IPO

00:03:51 busa saham

00:03:52 yang jadi unicorn

00:03:53 ataupun

00:03:54–00:03:57

00:03:53 ataupun

00:03:54 billion dollar company

00:03:55 adalah company teknologi

00:03:57–00:04:00

00:03:55 adalah company teknologi

00:03:57 sebab profit sikit je

00:03:58 tapi di value kan

00:03:59 20 kali ganda

00:04:00–00:04:03

00:03:59 20 kali ganda

00:04:01 healthcare

00:04:01 dia lebih stable lah

00:04:03–00:04:06

00:04:01 dia lebih stable lah

00:04:03 strong demand

00:04:04 dan dia punya

00:04:05 valuation dia

00:04:06–00:04:09

00:04:05 valuation dia

00:04:06 biasanya 12 kali ganda

00:04:07 daripada profit

00:04:09–00:04:12

00:04:07 daripada profit

00:04:09 katakanlah kita ambil

00:04:10 industri-industri lain

00:04:11 macam premium

00:04:12–00:04:15

00:04:11 macam premium

00:04:12 ni barang-barang premium

00:04:13 barang mahal eh

00:04:13 bukan barang murah

00:04:14 macam beg

00:04:15–00:04:18

00:04:14 macam beg

00:04:15 Gucci, Hermes

00:04:16 apa bagai semua tu

00:04:17 yang ni LV

00:04:18–00:04:21

00:04:17 yang ni LV

00:04:19 dalam 10-15 kali ganda

00:04:20 stable brand

00:04:21–00:04:24

00:04:20 stable brand

00:04:21 steady sale

00:04:22 industries

00:04:22 Industri-industri perkilangan

00:04:24–00:04:27

00:04:22 Industri-industri perkilangan

00:04:24 Apa semua ni

00:04:25 Dia dalam 8 ke 12 kali ganda

00:04:27–00:04:30

00:04:25 Dia dalam 8 ke 12 kali ganda

00:04:27 Moderate lah

00:04:28 Sebab orang akan repeat purchase

00:04:30–00:04:33

00:04:30 Retail

00:04:30 Barang-barang retail

00:04:32 Contohnya macam 7-11

00:04:33–00:04:36

00:04:32 Contohnya macam 7-11

00:04:33 Apa semua kat sini

00:04:34 6 ke 10 kali ganda

00:04:36–00:04:39

00:04:34 6 ke 10 kali ganda

00:04:36 Ini standard

00:04:36 Siapa yang beritahu benda ni

00:04:38 Ini average industry lah

00:04:39–00:04:42

00:04:38 Ini average industry lah

00:04:39 Ada je company

00:04:40 Yang berkali-kali ganda

00:04:42–00:04:45

00:04:42 Utilities

00:04:42 Telekom

00:04:43 5 ke 8 kali ganda

00:04:45–00:04:48

00:04:43 5 ke 8 kali ganda

00:04:45 Oil and gas

00:04:46 5 ke 8 kali ganda

00:04:48–00:04:51

00:04:46 5 ke 8 kali ganda

00:04:48 Nampak volatile

00:04:49 Financial service

00:04:50 Kita tengok jap saham Tesla

00:04:51–00:04:54

00:04:50 Kita tengok jap saham Tesla

00:04:53 Tesla

00:04:54–00:04:57

00:04:53 Tesla

00:04:54 PE ratio

00:04:56 awak boleh type dekat search

00:04:57–00:05:00

00:04:56 awak boleh type dekat search

00:04:57 type Tesla PE ratio

00:04:58 tengok

00:04:59 berapa PE ratio Tesla

00:05:00–00:05:03

00:04:59 berapa PE ratio Tesla

00:05:01 ok kita baca eh

00:05:02 Tesla

00:05:03–00:05:06

00:05:03 ratio is approximately

00:05:06–00:05:09

00:05:07 247 kali ganda

00:05:09–00:05:12

00:05:07 247 kali ganda

00:05:09 daripada profit dia

00:05:12–00:05:15

00:05:12 gila tak?

00:05:12 gila tak gila guys?

00:05:13 bayangkan Tesla punya level ni

00:05:15–00:05:18

00:05:13 bayangkan Tesla punya level ni

00:05:15 lain macam sikit

00:05:16 sebab tu Elon Musk beritahu

00:05:17 Tesla ni overpriced

00:05:18–00:05:21

00:05:17 Tesla ni overpriced

00:05:18 memang betul pun

00:05:19 bayangkan Tesla

00:05:20 katalah profit dia

00:05:21–00:05:24

00:05:20 katalah profit dia

00:05:22 Adalah RM

00:05:23 Seratus

00:05:24–00:05:27

00:05:23 Seratus

00:05:25 Juta

00:05:26 Value dia

00:05:27–00:05:30

00:05:26 Value dia

00:05:27 Bukan ada seratus juta

00:05:28 Padahal ni profit

00:05:29 Value dia adalah

00:05:30–00:05:33

00:05:29 Value dia adalah

00:05:31 Darab dengan

00:05:33–00:05:36

00:05:34 247 kali ganda

00:05:35 Minimum lah kita ambil

00:05:36–00:05:39

00:05:35 Minimum lah kita ambil

00:05:37 Ni sebab dia naik turun ke Raffi

00:05:38 Berapa ni

00:05:39–00:05:42

00:05:38 Berapa ni

00:05:40 2 bilion

00:05:41 24

00:05:42–00:05:45

00:05:41 24

00:05:43 0.7

00:05:45–00:05:48

00:05:45 Bilion

00:05:46 Nilai dia

00:05:47 Sebab kalau 10 kali ganda

00:05:48–00:05:51

00:05:47 Sebab kalau 10 kali ganda

00:05:50 1B

00:05:51–00:05:54

00:05:52 Haa betul tak

00:05:52 Betul tak

00:05:54–00:05:57

00:05:52 Betul tak

00:05:54 Cukup daripada

00:05:54 Aduh banyak sangat nombor ni

00:05:55 Jam kat saya

00:05:57–00:06:00

00:05:57 B

00:05:59 Betul lah tu

00:06:00–00:06:03

00:05:59 Betul lah tu

00:06:00 Betul lah tu

00:06:01 Haa betul lah tu

00:06:02 24.7B

00:06:03–00:06:06

00:06:02 24.7B

00:06:04 Kita tengok Petronas pula

00:06:05 Haa sambil admin tolong kirakan ni

00:06:06–00:06:09

00:06:05 Haa sambil admin tolong kirakan ni

00:06:08 Petronas

00:06:09–00:06:12

00:06:08 Petronas

00:06:10 PE ratio

00:06:11 Kita tengok

00:06:12–00:06:15

00:06:11 Kita tengok

00:06:12 Ni public listed company

00:06:13 Biasa memang ada

00:06:15–00:06:18

00:06:15 Petronas

00:06:15 Trailing around

00:06:16 19.94

00:06:18–00:06:21

00:06:16 19.94

00:06:18 Nampak

00:06:19 Haa okey lah

00:06:19 Petronas tak adalah overpriced sangat

00:06:21–00:06:24

00:06:19 Petronas tak adalah overpriced sangat

00:06:22 Maksudnya tak adalah power sangat

00:06:23 Tesla memang power lain macam

00:06:24–00:06:27

00:06:23 Tesla memang power lain macam

00:06:25 Company-company yang seakan-tan dengannya

00:06:27–00:06:30

00:06:25 Company-company yang seakan-tan dengannya

00:06:27 Kita tengok Honda ada

00:06:28 Honda PE ratio

00:06:30–00:06:33

00:06:28 Honda PE ratio

00:06:31 Honda PE ratio

00:06:32 11 je

00:06:33–00:06:36

00:06:32 11 je

00:06:34 Honda punya multiplier dia daripada profit dia

00:06:36–00:06:39

00:06:34 Honda punya multiplier dia daripada profit dia

00:06:37 Macam mana Tesla boleh 200

00:06:39–00:06:42

00:06:37 Macam mana Tesla boleh 200

00:06:39 Saya pun tak faham lah

00:06:40 Itu kuasa branding Elon Musk

00:06:41 Elon Musk

00:06:42–00:06:45

00:06:41 Elon Musk

00:06:44 Toyota

00:06:44 Tengok Toyota pula

00:06:45–00:06:48

00:06:44 Tengok Toyota pula

00:06:46 Toyota 8

00:06:48–00:06:51

00:06:46 Toyota 8

00:06:48 Oh rendah betul eh

00:06:49 Dia kadang-kadang company besar ni dia banyak risiko

00:06:51–00:06:54

00:06:49 Dia kadang-kadang company besar ni dia banyak risiko

00:06:51 Jadi itulah valuation

00:06:53 Sebab ada seorang ni

00:06:54–00:06:57

00:06:53 Sebab ada seorang ni

00:06:54 Dia DM saya

00:06:55 Tuan, saya nak jual company saya tuan

00:06:57–00:07:00

00:06:55 Tuan, saya nak jual company saya tuan

00:06:58 Saya sale RM100,000 sebulan

00:07:00–00:07:03

00:06:58 Saya sale RM100,000 sebulan

00:07:01 Okay, RM100,000 sebulan

00:07:03–00:07:06

00:07:01 Okay, RM100,000 sebulan

00:07:03 Jadi saya nak jual company saya

00:07:05 Sale saya RM100,000 sebulan

00:07:06–00:07:09

00:07:05 Sale saya RM100,000 sebulan

00:07:08 Profit dalam RM10,000 macam tu

00:07:09–00:07:12

00:07:08 Profit dalam RM10,000 macam tu

00:07:10 Dia ambil case tadi ya

00:07:11 RM100,000 sale dia

00:07:12–00:07:15

00:07:11 RM100,000 sale dia

00:07:14 Lepas tu dia kata profit dia dalam sekitar

00:07:15–00:07:18

00:07:14 Lepas tu dia kata profit dia dalam sekitar

00:07:16 RM20,000 ke RM10,000 lah

00:07:18–00:07:21

00:07:16 RM20,000 ke RM10,000 lah

00:07:18 Saya ingat saya macam tu

00:07:20 20k ke 10k

00:07:21–00:07:24

00:07:20 20k ke 10k

00:07:21 Ni profit

00:07:23 Lepas tu dia nak jual

00:07:24–00:07:27

00:07:23 Lepas tu dia nak jual

00:07:24 Dia nak cara orang beli

00:07:25 Untuk beli

00:07:26 Berapa dia nak jual

00:07:27–00:07:30

00:07:26 Berapa dia nak jual

00:07:27 Dia kata dia nak jual 1 juta

00:07:30–00:07:33

00:07:31 Apa justifikasi dia

00:07:32 Dia kata

00:07:33–00:07:36

00:07:32 Dia kata

00:07:33 Saya 1,000 tu kan

00:07:35 Darat 12

00:07:36–00:07:39

00:07:36 Dah 1.2 juta

00:07:37 Saya nak jual company ni

00:07:38 Dengan harga 1 juta

00:07:39–00:07:42

00:07:38 Dengan harga 1 juta

00:07:39 Padahal

00:07:40 Kalau kita ambil profit

00:07:42–00:07:45

00:07:40 Kalau kita ambil profit

00:07:42 Sebab ini yang lebih buy better

00:07:43 Profit

00:07:44 Profit ni

00:07:45–00:07:48

00:07:44 Profit ni

00:07:46 Katakanlah profit dia 20k

00:07:48–00:07:51

00:07:48 20k darat dengan 12 bulan

00:07:49 Baru 240k

00:07:51–00:07:54

00:07:49 Baru 240k

00:07:51 Berapa PE multiplier dia?

00:07:54–00:07:57

00:07:51 Berapa PE multiplier dia?

00:07:54 Katalah 5

00:07:56 5x

00:07:57–00:08:00

00:07:56 5x

00:07:57 5x barulah dapat 1 juta

00:07:59 Berapa darap?

00:08:00–00:08:03

00:07:59 Berapa darap?

00:08:01 Dia katakanlah 240k

00:08:02 Darap dengan 2x sahaja

00:08:03–00:08:06

00:08:02 Darap dengan 2x sahaja

00:08:05 So, dapatlah baru 540k

00:08:06–00:08:09

00:08:05 So, dapatlah baru 540k

00:08:08 280k

00:08:08 So, point dia guys

00:08:09–00:08:12

00:08:08 So, point dia guys

00:08:12–00:08:15

00:08:08 So, point dia guys

00:08:13 PE multiplier

00:08:15–00:08:18

00:08:13 PE multiplier

00:08:15 Ratio ni, dia sangatlah

00:08:17 Berbeza-beza mengikut industri

00:08:18–00:08:21

00:08:17 Berbeza-beza mengikut industri

00:08:19 Dan benda ni

00:08:20 Bukan benda yang senang lah

00:08:21–00:08:24

00:08:20 Bukan benda yang senang lah

00:08:22 Kita nak kata

00:08:23 Oh

00:08:23 Saya value banyak ni tuan

00:08:24–00:08:27

00:08:23 Saya value banyak ni tuan

00:08:25 Banyak ni

00:08:25 Tapi kalau RM10,000 pula

00:08:27–00:08:30

00:08:25 Tapi kalau RM10,000 pula

00:08:27 Katalah kita audit nanti company dia

00:08:29 Kita tengok

00:08:30–00:08:33

00:08:30 Eh lah sebenarnya RM10,000 je

00:08:31 Net profit lepas tolak semua stuff

00:08:32 So kalau RM10,000 darat dengan RM12

00:08:33–00:08:36

00:08:32 So kalau RM10,000 darat dengan RM12

00:08:34 Baru RM120,000

00:08:36–00:08:39

00:08:34 Baru RM120,000

00:08:36 RM120,000 darat dengan PE5 berapa?

00:08:39–00:08:42

00:08:42–00:08:45

00:08:42 RM2,000,000

00:08:45–00:08:48

00:08:45 Darat dengan RM5,000

00:08:46 Yang ni baru RM600,000

00:08:47 Point dia bila dia letak

00:08:48–00:08:51

00:08:47 Point dia bila dia letak

00:08:48 Dia letak harga

00:08:50 Eh RM2,000,000 ke RM1,000,000 ke

00:08:51–00:08:54

00:08:50 Eh RM2,000,000 ke RM1,000,000 ke

00:08:52 Ingat ada

00:08:52 ada seorang tu nak jual company dia

00:08:54–00:08:57

00:08:52 ada seorang tu nak jual company dia

00:08:54 tapi lebih kurang lah

00:08:56 dia kira

00:08:57–00:09:00

00:08:56 dia kira

00:08:57 dia kena ada numbers yang tepat

00:08:58 jadi bila kita main bagi-bagi je

00:09:00–00:09:03

00:08:58 jadi bila kita main bagi-bagi je

00:09:00 saya nak jual 1 juta

00:09:01 saya nak jual 2 juta

00:09:02 kan

00:09:02 macam main ni

00:09:03–00:09:06

00:09:02 macam main ni

00:09:03 so bila guna PE multiplier

00:09:05 awak boleh cari industry awak sendiri

00:09:06–00:09:09

00:09:05 awak boleh cari industry awak sendiri

00:09:07 contohnya

00:09:07 awak buka kedai dobi

00:09:09–00:09:12

00:09:07 awak buka kedai dobi

00:09:09 ok kita pun

00:09:10 type lah dekat sini

00:09:12–00:09:15

00:09:12 laundry

00:09:15–00:09:18

00:09:15 laundry

00:09:16 service

00:09:17 laundry shop PE ratio

00:09:18–00:09:21

00:09:17 laundry shop PE ratio

00:09:18 tengok je

00:09:19 average industry

00:09:20 so dia kata

00:09:21–00:09:24

00:09:20 so dia kata

00:09:23 industri sektor

00:09:24–00:09:27

00:09:23 industri sektor

00:09:25 24

00:09:26 ni kena study betul-betul

00:09:27–00:09:30

00:09:26 ni kena study betul-betul

00:09:27 ok bro, kita kena cari company-company

00:09:30–00:09:33

00:09:27 ok bro, kita kena cari company-company

00:09:30 yang seakatan dengannya

00:09:31 contoh macam ni dia kata, mungkin

00:09:33–00:09:36

00:09:31 contoh macam ni dia kata, mungkin

00:09:34 20, mungkin, ni kena study

00:09:36–00:09:39

00:09:34 20, mungkin, ni kena study

00:09:36 betul-betul, jadi sebab apa

00:09:38 laundry ni dia bagus, dia repeatable

00:09:39–00:09:42

00:09:38 laundry ni dia bagus, dia repeatable

00:09:40 contohnya, restaurant, awak nak jom

00:09:42–00:09:45

00:09:40 contohnya, restaurant, awak nak jom

00:09:42 restaurant, restaurant

00:09:44 PE ratio, berapa

00:09:45–00:09:48

00:09:44 PE ratio, berapa

00:09:48–00:09:51

00:09:44 PE ratio, berapa

00:09:48 industri restaurant

00:09:50 Restoran

00:09:51–00:09:54

00:09:52 Restoran brand

00:09:53 18

00:09:54–00:09:57

00:09:53 18

00:09:54 Tinggi

00:09:55 Maksudnya orang suka

00:09:56 Restoran ni

00:09:57–00:10:00

00:09:56 Restoran ni

00:09:57 Orang repeat purchase

00:09:58 Ada pula industri yang tak ok

00:10:00–00:10:03

00:09:58 Ada pula industri yang tak ok

00:10:01 Contohnya kita ambil tourism

00:10:03–00:10:06

00:10:05 Tourism maksudnya tak ok

00:10:06–00:10:09

00:10:05 Tourism maksudnya tak ok

00:10:07 Eh tinggi sangat

00:10:08 20 eh

00:10:09–00:10:12

00:10:08 20 eh

00:10:10 30

00:10:11 Tapi begin lah guys

00:10:12–00:10:15

00:10:11 Tapi begin lah guys

00:10:12 Benda ni dia ambil genting

00:10:14 Dia ambil genting ni tourism

00:10:15–00:10:18

00:10:14 Dia ambil genting ni tourism

00:10:15 Padahal genting ni dah jadi property dah

00:10:18–00:10:21

00:10:18 Genting ni

00:10:19 Dia dah jadi company-company dah besar dah ni

00:10:21–00:10:24

00:10:19 Dia dah jadi company-company dah besar dah ni

00:10:21 Ini dah bukan

00:10:22 Tourism

00:10:23 Macam kita buat company travel agency

00:10:24–00:10:27

00:10:23 Macam kita buat company travel agency

00:10:24 Ini dah sampai level

00:10:26 Leisure

00:10:27–00:10:30

00:10:26 Leisure

00:10:27 Property development

00:10:28 Dia macam-macam

00:10:28 That's why

00:10:29 Susah juga untuk kita tengok

00:10:30–00:10:33

00:10:29 Susah juga untuk kita tengok

00:10:30 Stagadar kat sini sahaja

00:10:31 Kita kena tengok

00:10:33–00:10:36

00:10:31 Kita kena tengok

00:10:33 Company yang lebih kurang

00:10:34 Sambung macam kita

00:10:34 Berapa

00:10:35 Dia

00:10:36–00:10:39

00:10:35 Dia

00:10:37 Valuation

00:10:37 Okay

00:10:38 So jom kita sambung

00:10:39–00:10:42

00:10:38 So jom kita sambung

00:10:39 Again guys

00:10:39 Saya bukanlah orang finance sangat

00:10:41 Ni saya ajar

00:10:41 Ilmu kampung yang saya tahu je lah

00:10:42–00:10:45

00:10:41 Ilmu kampung yang saya tahu je lah

00:10:43 Okay next

00:10:44 Kita ada pula

00:10:45–00:10:48

00:10:45 Dipanggil sebagai

00:10:47 Revenue valuation

00:10:48–00:10:51

00:10:47 Revenue valuation

00:10:48 Ini baru daripada sale

00:10:50 Revenue

00:10:50 PV, RV

00:10:51–00:10:54

00:10:50 PV, RV

00:10:53 Revenue, Valuation

00:10:54–00:10:57

00:10:53 Revenue, Valuation

00:10:54 Benda-benda Valuation

00:10:56 Jadi, kita darab pula daripada

00:10:57–00:11:00

00:10:56 Jadi, kita darab pula daripada

00:10:58 Sale, ni beza

00:11:00–00:11:03

00:10:58 Sale, ni beza

00:11:00 Yang tadi kita darab daripada

00:11:03–00:11:06

00:11:03 Profit, yang ni darab

00:11:04 Daripada Revenue, katalah

00:11:06–00:11:09

00:11:04 Daripada Revenue, katalah

00:11:06 Untung kita tengok kat situ, Standard Revenue

00:11:09–00:11:12

00:11:06 Untung kita tengok kat situ, Standard Revenue

00:11:09 Tak luar-bawah ni, boleh tengok

00:11:10 Taxas, 5 kali ganda

00:11:12–00:11:15

00:11:10 Taxas, 5 kali ganda

00:11:13 Revenue, dia darab lagi

00:11:14 Sikit, contohnya

00:11:15–00:11:18

00:11:14 Sikit, contohnya

00:11:16 Macam tax tadi tu, kalau profit darab

00:11:18–00:11:21

00:11:16 Macam tax tadi tu, kalau profit darab

00:11:18 15, 20, Revenue darab

00:11:20 5 je. Maksudnya apa? Katakanlah

00:11:21–00:11:24

00:11:20 5 je. Maksudnya apa? Katakanlah

00:11:22 sale dia RM

00:11:24–00:11:27

00:11:22 sale dia RM

00:11:24 100k. Berapa kita nak value

00:11:27–00:11:30

00:11:24 100k. Berapa kita nak value

00:11:27 darat 5?

00:11:28 Dapatkan 500k. Itu example.

00:11:30–00:11:33

00:11:28 Dapatkan 500k. Itu example.

00:11:30 Tetapi, badan ni subjek juga. Kalau

00:11:32 katalah dia dah audit, tengoklah

00:11:33–00:11:36

00:11:32 katalah dia dah audit, tengoklah

00:11:34 profit tak ada. Pun tak ok juga.

00:11:36–00:11:39

00:11:34 profit tak ada. Pun tak ok juga.

00:11:36 Consumer goods, nampak? Ni lagi drop lah.

00:11:38 Compare dengan yang ni. Yang ni consumer

00:11:39–00:11:42

00:11:38 Compare dengan yang ni. Yang ni consumer

00:11:40 goods ni 10 kali ganda,

00:11:42–00:11:45

00:11:40 goods ni 10 kali ganda,

00:11:42 15 kali ganda. Yang ni premium consumer

00:11:44 goods 2 ke 4 kali ganda, industri. Dia lagi drop

00:11:45–00:11:48

00:11:44 goods 2 ke 4 kali ganda, industri. Dia lagi drop

00:11:46 sebab jarang lah orang nak guna ni.

00:11:48–00:11:51

00:11:46 sebab jarang lah orang nak guna ni.

00:11:49 Revenue punya base ni

00:11:51–00:11:54

00:11:49 Revenue punya base ni

00:11:51 Dan last kali DCF

00:11:52 Okay by the way guys

00:11:54–00:11:57

00:11:52 Okay by the way guys

00:11:54 Ini basic je tau

00:11:55 Dia ada banyak lagi cara

00:11:56 Dan even DCF ni pun

00:11:57–00:12:00

00:11:56 Dan even DCF ni pun

00:11:58 Still lagi basic

00:11:59 Dia ada banyak-banyak lagi cara

00:12:00–00:12:03

00:11:59 Dia ada banyak-banyak lagi cara

00:12:00 That's why

00:12:01 Saya tak boleh nak ajar semua

00:12:02 Saya just share

00:12:03–00:12:06

00:12:02 Saya just share

00:12:03 At least awak ada

00:12:05 Sedikit ilmu lah

00:12:06–00:12:09

00:12:05 Sedikit ilmu lah

00:12:06 Untuk bila kita nak borak-borak

00:12:07 Nak pasal nak jual company

00:12:08 DCF

00:12:09–00:12:12

00:12:08 DCF

00:12:09 DCF ni adalah

00:12:09 Discounted Cashflow

00:12:10 Maksudnya

00:12:11 Berapa duit yang akan ada ke depan

00:12:12–00:12:15

00:12:11 Berapa duit yang akan ada ke depan

00:12:12 Dia discountkan balik

00:12:14 Ni formula dia

00:12:15–00:12:18

00:12:14 Ni formula dia

00:12:15 Sebab tu saya tunjuk je formula ni

00:12:16 Maksudnya nak kata pening

00:12:18–00:12:21

00:12:18 free cash flow pada bulan depan

00:12:20 tambah dengan R

00:12:21–00:12:24

00:12:20 tambah dengan R

00:12:22 darab dengan terminal value tambah R

00:12:24–00:12:27

00:12:22 darab dengan terminal value tambah R

00:12:24 ni berapa

00:12:26 free cash flow yang ada ke depan

00:12:27–00:12:30

00:12:26 free cash flow yang ada ke depan

00:12:29 darab dengan berapa tahun ke depan

00:12:30–00:12:33

00:12:29 darab dengan berapa tahun ke depan

00:12:30 kita kira 10 tahun

00:12:31 so dia akan didiskaunkan balik

00:12:33–00:12:36

00:12:31 so dia akan didiskaunkan balik

00:12:34 katalah dia kira ok

00:12:34 duit yang akan ada free flow ke depan

00:12:36–00:12:39

00:12:34 duit yang akan ada free flow ke depan

00:12:36 dalam sekitar 10 juta

00:12:37 lepas tu dia cuba diskaunkan lagi

00:12:38 ok kita ambil diskaunt 30%

00:12:39–00:12:42

00:12:38 ok kita ambil diskaunt 30%

00:12:40 dapatlah 7 juta valuation contohnya

00:12:42–00:12:45

00:12:40 dapatlah 7 juta valuation contohnya

00:12:42 so benda ni memang ada

00:12:44 valuer

00:12:45–00:12:48

00:12:45 orang yang memang buat

00:12:46 company audit

00:12:47 Ataupun

00:12:48–00:12:51

00:12:49 Company valuation

00:12:50 Dia memang kerja dia buat bendalah ni

00:12:51–00:12:54

00:12:50 Dia memang kerja dia buat bendalah ni

00:12:51 So kita akan hire dia

00:12:53 Untuk buat proper valuation

00:12:54–00:12:57

00:12:53 Untuk buat proper valuation

00:12:54 Dan harga company ni guys

00:12:56 Dia adalah

00:12:56 Win-win situation dia

00:12:57–00:13:00

00:12:56 Win-win situation dia

00:12:58 Dia win-win

00:12:59 Setuju sama setuju

00:13:00–00:13:03

00:12:59 Setuju sama setuju

00:13:00 Awak kena faham

00:13:02 Katakanlah saya jual pen ni

00:13:03–00:13:06

00:13:02 Katakanlah saya jual pen ni

00:13:03 Dengan harga RM10

00:13:04 Awak setuju

00:13:05 RM10 lah harga dia

00:13:06–00:13:09

00:13:05 RM10 lah harga dia

00:13:06 Saya jual harga RM1000

00:13:07 Saya kata pen ni

00:13:08 Design oleh Tunku Abdul Rahman

00:13:09–00:13:12

00:13:08 Design oleh Tunku Abdul Rahman

00:13:09 Sewaktu kemerdekaan Malaysia

00:13:11 Iconic pen ni

00:13:12–00:13:15

00:13:11 Iconic pen ni

00:13:12 Nampak ada sign lagi

00:13:13 Ada date lagi

00:13:15–00:13:18

00:13:15 RM1957

00:13:16 Harga dia RM37,000

00:13:18–00:13:21

00:13:16 Harga dia RM37,000

00:13:18 Saya nak jual

00:13:18 Harga dia RM150,000

00:13:20 Eh awak beli

00:13:21–00:13:24

00:13:20 Eh awak beli

00:13:21 So nilai dia RM150,000 lah contoh ni

00:13:24–00:13:27

00:13:21 So nilai dia RM150,000 lah contoh ni

00:13:24 Sebab sama macam apa ni

00:13:25 Yang penting dua-dua pihak setuju

00:13:27–00:13:30

00:13:25 Yang penting dua-dua pihak setuju

00:13:27 Seller dengan buyer kena setuju

00:13:29 Itu je akad dia

00:13:30–00:13:33

00:13:29 Itu je akad dia

00:13:31 Kalau buyer kata setuju

00:13:33–00:13:36

00:13:31 Kalau buyer kata setuju

00:13:33 Dia belilah dengan harga RM10,000,000 yang kita jual dari tu

00:13:35 Tapi kalau buyer pula dia audit kata

00:13:36–00:13:39

00:13:35 Tapi kalau buyer pula dia audit kata

00:13:37 Eh aku tak nak beli lah

00:13:38 Malah aku beli

00:13:39–00:13:42

00:13:38 Malah aku beli

00:13:39 Siapa yang pegang kuasa sebenarnya

00:13:42–00:13:45

00:13:42 Yang pegang kuasa buyer

00:13:45–00:13:48

00:13:45 So, cara dia untuk awak buat

00:13:47 Awak pegang kuasa

00:13:48–00:13:51

00:13:47 Awak pegang kuasa

00:13:48 Pastikan

00:13:48 Awak dapat

00:13:50 5 offer

00:13:51–00:13:54

00:13:50 5 offer

00:13:53 Paling sikit 3 lah

00:13:54–00:13:57

00:13:53 Paling sikit 3 lah

00:13:55 So, awak pegang kuasa pula

00:13:56 Tapi kalau tak nak beli

00:13:57–00:14:00

00:13:56 Tapi kalau tak nak beli

00:13:58 Saya ada lagi 2-3 ke tempat nak beli

00:13:59 Nak jual ni

00:14:00–00:14:03

00:13:59 Nak jual ni

00:14:01 So, dia ada 4 more dekat buyer ni

00:14:02 So, disebabkan buyer ni 4 more

00:14:03–00:14:06

00:14:02 So, disebabkan buyer ni 4 more

00:14:04 Dia beli contoh ni

00:14:04 Fear of missing out

00:14:06–00:14:09

00:14:04 Fear of missing out

00:14:06 4 more

00:14:07 So, itu adalah DCF eh

00:14:09–00:14:12

00:14:07 So, itu adalah DCF eh

00:14:09 Malayak telah lah formula dia

00:14:10 Ok

00:14:11 Dan

00:14:11 5 cara nak exit ni guys

00:14:12–00:14:15

00:14:11 5 cara nak exit ni guys

00:14:13 Sebenarnya

00:14:13 kita ada banyak cara

00:14:15–00:14:18

00:14:13 kita ada banyak cara

00:14:15 lima-lima cara ni

00:14:16 ok

00:14:16 kita go through kat sini lah

00:14:18–00:14:21

00:14:16 kita go through kat sini lah

00:14:18 cara pertama adalah

00:14:19 trade sale

00:14:20 trade sale ni maksudnya

00:14:21–00:14:24

00:14:20 trade sale ni maksudnya

00:14:21 company buat full acquisition

00:14:23 kita jual company

00:14:24–00:14:27

00:14:23 kita jual company

00:14:24 100% kepada

00:14:25 pembeli lain

00:14:26 contohnya

00:14:27–00:14:30

00:14:26 contohnya

00:14:27 ada company

00:14:28 dia company

00:14:29 car wash

00:14:30–00:14:33

00:14:29 car wash

00:14:31 dia nak beli

00:14:32 satu company ni

00:14:32 dia buat sabun

00:14:33–00:14:36

00:14:32 dia buat sabun

00:14:34 so dia acquire

00:14:35 company buat sabun tu

00:14:36–00:14:39

00:14:35 company buat sabun tu

00:14:36 sebab

00:14:36 dia tak nak buat sabun sendiri

00:14:38 so dia nak guna

00:14:39–00:14:42

00:14:38 so dia nak guna

00:14:39 sabun daripada company

00:14:40 yang dia baru beli tu

00:14:41 contoh macam

00:14:42–00:14:45

00:14:41 contoh macam

00:14:42 Facebook beli

00:14:43 WhatsApp

00:14:44 Facebook beli Snapchat contohnya

00:14:45–00:14:48

00:14:44 Facebook beli Snapchat contohnya

00:14:46 Elon Musk dia beli Tesla

00:14:48–00:14:51

00:14:46 Elon Musk dia beli Tesla

00:14:48 Dia full acquisition juga

00:14:49 Tapi tak ada kaitan lah kan

00:14:50 Tesla dengan Twitter

00:14:51–00:14:54

00:14:50 Tesla dengan Twitter

00:14:52 Apa kaitan lah

00:14:53 Mungkin oh kaitan dia adalah

00:14:54–00:14:57

00:14:53 Mungkin oh kaitan dia adalah

00:14:54 Elon Musk senang nak post kat Twitter lepas ni

00:14:56 Tak kena ban sebab dia punya platform sendiri

00:14:57–00:15:00

00:14:56 Tak kena ban sebab dia punya platform sendiri

00:14:58 Mungkin ada value X tu

00:14:59 So trade sale ataupun full acquisition ni

00:15:00–00:15:03

00:14:59 So trade sale ataupun full acquisition ni

00:15:01 Kita jual 100%

00:15:02 Ataupun partial exit

00:15:03–00:15:06

00:15:02 Ataupun partial exit

00:15:04 Jual separuh

00:15:05 Jual sikit lah

00:15:06–00:15:09

00:15:05 Jual sikit lah

00:15:06 Tapi kita masih kekal sebagai pemilik minority

00:15:09–00:15:12

00:15:06 Tapi kita masih kekal sebagai pemilik minority

00:15:12–00:15:15

00:15:14 Minority ya bukan majority dah

00:15:15–00:15:18

00:15:14 Minority ya bukan majority dah

00:15:15 So kita dah exit

00:15:16 kita bagi kepada penjual baru

00:15:18–00:15:21

00:15:16 kita bagi kepada penjual baru

00:15:18 tapi penjual yang baru tu dia buat syarat

00:15:20 dia nak kita ada

00:15:21–00:15:24

00:15:20 dia nak kita ada

00:15:21 at least kita boleh tolong monitor

00:15:23 tolong guide dia

00:15:24–00:15:27

00:15:23 tolong guide dia

00:15:24 ataupun tolong

00:15:25 tolong grow sama-sama lah

00:15:27–00:15:30

00:15:25 tolong grow sama-sama lah

00:15:27 dalam kadang kita terima dividend

00:15:28 and then management buyout

00:15:30–00:15:33

00:15:28 and then management buyout

00:15:30 ini jual kepada staff sediada

00:15:31 jual kepada partner sediada

00:15:33–00:15:36

00:15:31 jual kepada partner sediada

00:15:33 MBO

00:15:33 maksudnya tim pengurusan sediada

00:15:35 yang beli saham

00:15:36–00:15:39

00:15:35 yang beli saham

00:15:36 daripada kita jual pada orang luar

00:15:37 partial exit

00:15:38 tak tahu apa cerita

00:15:39–00:15:42

00:15:38 tak tahu apa cerita

00:15:39 sekarang dia pergi merosak company

00:15:40 jual pada orang dalam

00:15:42–00:15:45

00:15:42 ataupun IPO

00:15:43 yang ni maksud bursa saham

00:15:44 bursa saham ni pula

00:15:45–00:15:48

00:15:44 bursa saham ni pula

00:15:45 ada dua papan

00:15:47 papan main bot

00:15:48–00:15:51

00:15:47 papan main bot

00:15:48 dengan ace bot

00:15:50 saya pun baru belajar

00:15:51–00:15:54

00:15:50 saya pun baru belajar

00:15:51 dengan sini kat

00:15:51 saya tengah belajar

00:15:52 dengan partner saya

00:15:53 dia memang ada pengalaman

00:15:54–00:15:57

00:15:53 dia memang ada pengalaman

00:15:54 kat sini

00:15:54 jadi saya tengah

00:15:55 belajar dengan dia lah

00:15:56 main bot

00:15:57–00:16:00

00:15:56 main bot

00:15:58 bot yang utama

00:15:59 dengan ace bot

00:15:59 ok

00:16:00–00:16:03

00:15:59 ok

00:16:00 apa beza dia

00:16:01 main bot ni

00:16:02 company-company yang top lah

00:16:03–00:16:06

00:16:02 company-company yang top lah

00:16:03 yang bila dia IPO tu

00:16:04 memang

00:16:04 valuation dia tinggi

00:16:06–00:16:09

00:16:04 valuation dia tinggi

00:16:06 yang ni yang

00:16:06 yang kira macam SME

00:16:08 company-company kecil-kecil

00:16:09–00:16:12

00:16:08 company-company kecil-kecil

00:16:09 yang bila dia public listed

00:16:10 dia pergi dekat ace bot

00:16:12–00:16:15

00:16:12 papan utama

00:16:13 dengan papan nombor 2 lah

00:16:15–00:16:18

00:16:15 dan macam mana

00:16:15 nak IPO ni guys, saya share simple formula

00:16:17 syarat nak IPO ni sebenarnya

00:16:18–00:16:21

00:16:17 syarat nak IPO ni sebenarnya

00:16:19 3 tahun

00:16:21–00:16:24

00:16:19 3 tahun

00:16:21 equal

00:16:23 20 juta profit

00:16:24–00:16:27

00:16:23 20 juta profit

00:16:26 net profit

00:16:27–00:16:30

00:16:26 net profit

00:16:29 PAT

00:16:30–00:16:33

00:16:29 PAT

00:16:30 P

00:16:32 bukan PBT, PAT

00:16:33–00:16:36

00:16:32 bukan PBT, PAT

00:16:35 PAT

00:16:36–00:16:39

00:16:35 PAT

00:16:36 equal profit

00:16:39–00:16:42

00:16:36 equal profit

00:16:39 after

00:16:41 masuk N

00:16:42–00:16:45

00:16:41 masuk N

00:16:42 20 juta

00:16:45–00:16:48

00:16:42 20 juta

00:16:47 T kata lain, katalah awak ada satu graf

00:16:48–00:16:51

00:16:47 T kata lain, katalah awak ada satu graf

00:16:49 Graf awak mungkin

00:16:50 Dia nak 3 tahun berturut-turut

00:16:51–00:16:54

00:16:50 Dia nak 3 tahun berturut-turut

00:16:53 Katalah ni tahun 2025

00:16:54–00:16:57

00:16:53 Katalah ni tahun 2025

00:16:55 Tahun ni, 2026

00:16:57–00:17:00

00:16:55 Tahun ni, 2026

00:16:58 2027

00:17:00–00:17:03

00:17:00 Katalah sini 3 juta

00:17:01 5 juta, 7 juta

00:17:03–00:17:06

00:17:01 5 juta, 7 juta

00:17:05 Boom

00:17:05 Awak dapat sini

00:17:06–00:17:09

00:17:05 Awak dapat sini

00:17:07 3 juta

00:17:09–00:17:12

00:17:12–00:17:15

00:17:12 Tahun seterusnya, 2026

00:17:15–00:17:18

00:17:15 Boom, kat sini

00:17:17 So, investor dah boleh

00:17:18–00:17:21

00:17:17 So, investor dah boleh

00:17:19 buat satu prediction

00:17:20 kalau ikut daripada target ni

00:17:21–00:17:24

00:17:20 kalau ikut daripada target ni

00:17:23 katalah tahun sebelumnya

00:17:24–00:17:27

00:17:23 katalah tahun sebelumnya

00:17:24 kat sini lah

00:17:26 kan

00:17:27–00:17:30

00:17:26 kan

00:17:27 kalau dia ikut kat sini

00:17:29 dia pergi ke sini

00:17:30–00:17:33

00:17:29 dia pergi ke sini

00:17:31 dan investor boleh buat

00:17:32 satu projection

00:17:33–00:17:36

00:17:32 satu projection

00:17:33 mungkin tuan depan

00:17:34 dia akan pergi ke

00:17:35 sini

00:17:36–00:17:39

00:17:37 so

00:17:37 paling cepat awak nak IPO

00:17:39–00:17:42

00:17:37 paling cepat awak nak IPO

00:17:39 kalau awak ada boleh buat

00:17:40 dalam masa 2 tahun

00:17:41 at least ada 2 graph

00:17:42–00:17:45

00:17:41 at least ada 2 graph

00:17:43 yang boleh justify

00:17:45–00:17:48

00:17:43 yang boleh justify

00:17:45 macam

00:17:45 uish

00:17:45 macam trend naik lah ni

00:17:47 buyer dah boleh nak beli lah ni

00:17:48–00:17:51

00:17:47 buyer dah boleh nak beli lah ni

00:17:48 So sebab apa

00:17:49 3 juta

00:17:51–00:17:54

00:17:49 3 juta

00:17:51 Campur

00:17:52 5 juta

00:17:53 Campur 7 juta

00:17:54–00:17:57

00:17:53 Campur 7 juta

00:17:54 Berapa dapat

00:17:57–00:18:00

00:17:58 5

00:17:59 7

00:17:59 15 juta

00:18:00–00:18:03

00:17:59 15 juta

00:18:02 So nampak

00:18:03–00:18:06

00:18:02 So nampak

00:18:03 Lebih kurang 20 juta

00:18:04 20 juta ni sweet spot dia

00:18:05 Tapi ada je company yang

00:18:06–00:18:09

00:18:05 Tapi ada je company yang

00:18:07 Serendah macam ni pun

00:18:07 Dia dah boleh IPO dah

00:18:08 Katalah company berbeza pulak

00:18:09–00:18:12

00:18:08 Katalah company berbeza pulak

00:18:10 Tiba-tiba

00:18:10 Dia

00:18:12–00:18:15

00:18:12 Kita buat graph lain lah

00:18:13 Dia stable

00:18:15–00:18:18

00:18:13 Dia stable

00:18:16 Stable orang tak nak invest

00:18:17 Boom naik

00:18:18–00:18:21

00:18:17 Boom naik

00:18:18 Boom naik

00:18:19 So orang nak invest

00:18:21–00:18:24

00:18:19 So orang nak invest

00:18:21 Pada kenaikan

00:18:21 Dan pada

00:18:23 Momen dia kenaikan tu

00:18:24–00:18:27

00:18:23 Momen dia kenaikan tu

00:18:24 Dekat part ni

00:18:26 Selama 3 tahun

00:18:27–00:18:30

00:18:26 Selama 3 tahun

00:18:27 Macam tu

00:18:27 Dia nak tengok trend tu

00:18:28 Dia dah macam boleh

00:18:29 Ke arah 20

00:18:30–00:18:33

00:18:29 Ke arah 20

00:18:30 20 juta

00:18:31 20 juta

00:18:32 So itu je sebenarnya

00:18:33–00:18:36

00:18:32 So itu je sebenarnya

00:18:33 Dan awak kena ada reason lah

00:18:35 Kenapa awak nak IPO

00:18:36–00:18:39

00:18:35 Kenapa awak nak IPO

00:18:36 Oh rupanya

00:18:37 Saya berjaya IPO ni

00:18:38 Ataupun sorry

00:18:39–00:18:42

00:18:38 Ataupun sorry

00:18:39 Kenapa awak boleh naikkan sale

00:18:40 Sebab ok rupanya awak dah

00:18:42–00:18:45

00:18:40 Sebab ok rupanya awak dah

00:18:42 Ada merge satu company

00:18:43 Awak gunakan AI

00:18:44 Rupanya

00:18:45–00:18:48

00:18:44 Rupanya

00:18:45 Dia kena ada satu story lah

00:18:46 Yang investor buy

00:18:47 Oh betul lah

00:18:48–00:18:51

00:18:47 Oh betul lah

00:18:48 So orang buy based on apa

00:18:50 Investor

00:18:51–00:18:54

00:18:50 Investor

00:18:52 Dia beli

00:18:54–00:18:57

00:18:54 Investor

00:18:55 Dia beli apa

00:18:57–00:19:00

00:18:57 Beli

00:18:59 Future

00:19:00–00:19:03

00:19:01 Growth

00:19:03–00:19:06

00:19:03 So, kena faham

00:19:05 Banyak orang yang nak jual company

00:19:06–00:19:09

00:19:05 Banyak orang yang nak jual company

00:19:06 Company yang nak mampus

00:19:08 Buat apa saya beli

00:19:08 Kenapa nak beli company

00:19:09–00:19:12

00:19:08 Kenapa nak beli company

00:19:09 Nak mati

00:19:10 Kita beli company

00:19:12–00:19:15

00:19:10 Kita beli company

00:19:12 Yang ada potential

00:19:13 Untuk future growth

00:19:15–00:19:18

00:19:13 Untuk future growth

00:19:15 Dan nak tengok trend growth

00:19:16 Itu biasa 2 tahun

00:19:17 Paling cepat

00:19:17 Sebab tu nak IPO pun

00:19:18–00:19:21

00:19:17 Sebab tu nak IPO pun

00:19:18 Even IPO lah

00:19:19 Ni IPO

00:19:20 Makan masa

00:19:21–00:19:24

00:19:20 Makan masa

00:19:21 Biasanya orang daripada kosong

00:19:23 Nak IPO ni

00:19:23 Dia kena design financial roadmap dia

00:19:24–00:19:27

00:19:23 Dia kena design financial roadmap dia

00:19:25 Dalam sekitar

00:19:26 6 tahun lah biasanya

00:19:27–00:19:30

00:19:26 6 tahun lah biasanya

00:19:28 Untuk IPO

00:19:30–00:19:33

00:19:30 Ni anggap lah daripada kosong

00:19:33–00:19:36

00:19:33 Daripada

00:19:34 Seed round

00:19:35 Co-founders round

00:19:36–00:19:39

00:19:35 Co-founders round

00:19:36 Lepas tu founders round

00:19:38 Sorry founders round

00:19:39–00:19:42

00:19:38 Sorry founders round

00:19:39 Co-founders round

00:19:40 Dia ada beberapa round lah

00:19:41 Untuk IPO ni

00:19:42–00:19:45

00:19:41 Untuk IPO ni

00:19:43 Contohnya

00:19:43 Mula-mula dia ada

00:19:45–00:19:48

00:19:43 Mula-mula dia ada

00:19:45 Founders round

00:19:46 Terletak duit kita sendiri

00:19:48–00:19:51

00:19:46 Terletak duit kita sendiri

00:19:48 Modal 10,000

00:19:50 lepas tu kita ada co-founder

00:19:51–00:19:54

00:19:50 lepas tu kita ada co-founder

00:19:52 co-founder ni pula

00:19:53 kita buka kepada 10 orang sahaja

00:19:54–00:19:57

00:19:53 kita buka kepada 10 orang sahaja

00:19:57–00:20:00

00:19:57 mungkin time tu kita dah inject 100k

00:19:59 yang ni mungkin ada 2 orang je masuk

00:20:00–00:20:03

00:19:59 yang ni mungkin ada 2 orang je masuk

00:20:00 yang ni dah ada 10 orang pula masuk

00:20:02 ni sahabat-sahabat kawan-kawan kita

00:20:03–00:20:06

00:20:02 ni sahabat-sahabat kawan-kawan kita

00:20:04 yang kita nak ajak dia sekali

00:20:05 kita jual share kita

00:20:06–00:20:09

00:20:05 kita jual share kita

00:20:06 yang ni kita own 100%

00:20:08 kat sini kita jual pula

00:20:09–00:20:12

00:20:08 kat sini kita jual pula

00:20:10 another 10%

00:20:12–00:20:15

00:20:10 another 10%

00:20:12 tu hanya

00:20:12 release

00:20:13 dengan 100k

00:20:14 so value company kat sini

00:20:15–00:20:18

00:20:14 so value company kat sini

00:20:16 kalau dia beli dengan 100k

00:20:17 10% adalah 1M lah

00:20:18–00:20:21

00:20:17 10% adalah 1M lah

00:20:20 padahal kalau ikut daripada sini ke sini

00:20:21–00:20:24

00:20:20 padahal kalau ikut daripada sini ke sini

00:20:23 ni, sini ke sini ni

00:20:24–00:20:27

00:20:23 ni, sini ke sini ni

00:20:24 baru 9 bulan

00:20:26 lebih kurang lah

00:20:27–00:20:30

00:20:26 lebih kurang lah

00:20:27 lepas tu dia akan pergi pulak kepada

00:20:30–00:20:33

00:20:30 mungkin seat round

00:20:33–00:20:36

00:20:33 seat

00:20:35 mungkin dia akan pergi pulak

00:20:36–00:20:39

00:20:35 mungkin dia akan pergi pulak

00:20:36 kepada, saya dah lupa dah dulu

00:20:38 seat round ni, angel

00:20:39–00:20:42

00:20:38 seat round ni, angel

00:20:40 angel akan masuk, angel investor

00:20:42–00:20:45

00:20:42 lepas tu VC akan masuk

00:20:43 lepas VC masuk, PE akan masuk

00:20:45–00:20:48

00:20:43 lepas VC masuk, PE akan masuk

00:20:46 lepas PE masuk, IB akan masuk

00:20:48–00:20:51

00:20:46 lepas PE masuk, IB akan masuk

00:20:49 lepas tu kat sini IPO

00:20:51–00:20:54

00:20:52 sit round ni still lagi duit-duit

00:20:54–00:20:57

00:20:52 sit round ni still lagi duit-duit

00:20:54 duit-duit kecil lah, mungkin kita tambah lagi

00:20:56 nak ada 100k lagi ke kat sini

00:20:57–00:21:00

00:20:56 nak ada 100k lagi ke kat sini

00:20:58 let go 5%, angel

00:21:00–00:21:03

00:20:58 let go 5%, angel

00:21:00 angel investor ni adalah orang yang

00:21:02 invest tapi dia orang individu

00:21:03–00:21:06

00:21:02 invest tapi dia orang individu

00:21:05 orang tu sorang-sorang, dia macam

00:21:06–00:21:09

00:21:05 orang tu sorang-sorang, dia macam

00:21:06 saya ada duit 100 juta, saya invest

00:21:09–00:21:12

00:21:06 saya ada duit 100 juta, saya invest

00:21:09 duit saya sikit lah, 500k ke

00:21:10 1 juta, so dia masuk angel kat sini

00:21:12–00:21:15

00:21:10 1 juta, so dia masuk angel kat sini

00:21:13 mungkin dia ambil high risk

00:21:14 dia nak own 10%, so

00:21:15–00:21:18

00:21:14 dia nak own 10%, so

00:21:17 kita dah let go 25% lah contohnya

00:21:18–00:21:21

00:21:17 kita dah let go 25% lah contohnya

00:21:19 Tapi valuation naik lah

00:21:21–00:21:24

00:21:19 Tapi valuation naik lah

00:21:21 Sebab dia beli sikit

00:21:21 Dengan harga yang mahal

00:21:22 Valuation company dah

00:21:23 5M dah kat sini

00:21:24–00:21:27

00:21:23 5M dah kat sini

00:21:25 VC pula

00:21:26 Venture capitalist

00:21:27–00:21:30

00:21:26 Venture capitalist

00:21:28 Venture capitalist

00:21:29 VC

00:21:29 VC ni adalah company

00:21:30–00:21:33

00:21:29 VC ni adalah company

00:21:30 Yang growth

00:21:30 Yang invest pada early stage

00:21:32 Angel lagi early lah

00:21:33–00:21:36

00:21:32 Angel lagi early lah

00:21:33 Angel lagi

00:21:34 Got feeling je

00:21:35 Dia tengok

00:21:36–00:21:39

00:21:35 Dia tengok

00:21:36 Bagus budak ni

00:21:36 Boom invest

00:21:37 Macam tu lah level

00:21:38 VC mungkin invest

00:21:39–00:21:42

00:21:38 VC mungkin invest

00:21:39 Banyak sikit

00:21:40 Mungkin 2M dah

00:21:40 Untuk nilai 5%

00:21:42–00:21:45

00:21:40 Untuk nilai 5%

00:21:43 Je dia ambil contohnya

00:21:44 So valuation company

00:21:45–00:21:48

00:21:44 So valuation company

00:21:45 Kat sini dah berapa dah

00:21:47 Dah jadi

00:21:48–00:21:51

00:21:47 Dah jadi

00:21:48 40 juta

00:21:49 tiba-tiba jadi 40 juta

00:21:51–00:21:54

00:21:49 tiba-tiba jadi 40 juta

00:21:51 satu VC masuk

00:21:53 katalah VC masuk 10%

00:21:54–00:21:57

00:21:53 katalah VC masuk 10%

00:21:56 value company kat sini

00:21:57–00:22:00

00:21:56 value company kat sini

00:21:57 dah jadi 20 juta

00:21:59 PE pula masuk

00:22:00–00:22:03

00:21:59 PE pula masuk

00:22:00 private equity

00:22:01 private equity ni adalah

00:22:02 private equity ni adalah

00:22:03–00:22:06

00:22:02 private equity ni adalah

00:22:04 company-company yang invest

00:22:05 yang ada data

00:22:06–00:22:09

00:22:05 yang ada data

00:22:06 VC dia invest pada

00:22:08 potential juga

00:22:08 PE ni private equity

00:22:09–00:22:12

00:22:08 PE ni private equity

00:22:10 dia adalah company

00:22:12–00:22:15

00:22:10 dia adalah company

00:22:12 yang beli pada stage

00:22:13 yang lebih matang

00:22:14 so PE beli

00:22:15–00:22:18

00:22:14 so PE beli

00:22:16 private equity ni

00:22:17 lagi besar lah

00:22:17 dia injak 10 juta

00:22:18–00:22:21

00:22:17 dia injak 10 juta

00:22:20 Dengan valuation

00:22:21–00:22:24

00:22:20 Dengan valuation

00:22:21 5%

00:22:22 Dia beli 10 juta

00:22:23 So valuation company kat sini

00:22:24–00:22:27

00:22:23 So valuation company kat sini

00:22:25 Dah jadi 200 juta

00:22:27–00:22:30

00:22:25 Dah jadi 200 juta

00:22:28 Ambil kau

00:22:30–00:22:33

00:22:30 Lepas tu IB

00:22:31 Investment banking

00:22:32 Medbank start masuk

00:22:33–00:22:36

00:22:32 Medbank start masuk

00:22:34 Kazanah start masuk

00:22:35 Semua kat sini lah

00:22:35 So Medbank

00:22:36–00:22:39

00:22:35 So Medbank

00:22:37 Inject lagi yang ada

00:22:37 30 juta

00:22:39–00:22:42

00:22:39 Dengan valuation

00:22:40 5% je dia beli

00:22:41 Sikit-sikit je lebih

00:22:41 Ada yang exit dah kat sini

00:22:42–00:22:45

00:22:41 Ada yang exit dah kat sini

00:22:44 So kat sini katakanlah

00:22:45–00:22:48

00:22:44 So kat sini katakanlah

00:22:45 Valuation company

00:22:46 Dah pergi

00:22:47 600 juta

00:22:48–00:22:51

00:22:49 Bila dia pergi je IPO

00:22:50 Boom

00:22:51–00:22:54

00:22:50 Boom

00:22:51 IPO 1B

00:22:52 Contohnya

00:22:52 1.5B

00:22:53 Ini projek besar lah

00:22:54–00:22:57

00:22:53 Ini projek besar lah

00:22:54 Sampai masuk 600 juta ni

00:22:56 Kaw-kawan

00:22:56 Okay

00:22:57–00:23:00

00:22:56 Okay

00:22:58 Point dia

00:22:58 Setiap satu jarak

00:22:59 Antara bulan-bulan ni

00:23:00–00:23:03

00:22:59 Antara bulan-bulan ni

00:23:01 Sebenarnya dalam

00:23:01 9 ke 12 bulan sahaja

00:23:03–00:23:06

00:23:01 9 ke 12 bulan sahaja

00:23:04 Sebenarnya

00:23:04 Sebab tu saya kata

00:23:06–00:23:09

00:23:04 Sebab tu saya kata

00:23:06 6 tahun jadi tu

00:23:08 1 tahun

00:23:09–00:23:12

00:23:08 1 tahun

00:23:09 2 tahun

00:23:10 3 tahun

00:23:11 4 tahun

00:23:12–00:23:15

00:23:11 4 tahun

00:23:13 5 tahun

00:23:14 6 tahun

00:23:15–00:23:18

00:23:14 6 tahun

00:23:15 Mungkin 7

00:23:16 Dia macam tu lah

00:23:17 Ataupun kalau 9 bulan

00:23:18–00:23:21

00:23:17 Ataupun kalau 9 bulan

00:23:18 Lagi cepat

00:23:19 Lagi cepat

00:23:19 Lagi cepat

00:23:19 Sebab

00:23:20 Setiap orang ni

00:23:21–00:23:24

00:23:20 Setiap orang ni

00:23:21 Dia nak exit

00:23:22 Sebab tu dia masuk duit

00:23:22 Dia masuk 10%

00:23:24–00:23:27

00:23:22 Dia masuk 10%

00:23:24 10% dia ni dah grow

00:23:26 Jadi berapa dah

00:23:26 Oh Alhamdulillah

00:23:27–00:23:30

00:23:26 Oh Alhamdulillah

00:23:28 Double duit aku

00:23:30–00:23:33

00:23:30 Kalau dia hold lagi

00:23:31 Co-founders ni

00:23:31 Dia invest

00:23:32 Wish

00:23:33–00:23:36

00:23:32 Wish

00:23:33 Alhamdulillah

00:23:34 Duit aku dah 5x

00:23:35 Sekali kanda

00:23:36–00:23:39

00:23:35 Sekali kanda

00:23:36 Orang yang ni pun happy juga

00:23:37 Sit around ni

00:23:39–00:23:42

00:23:39 Dia invest

00:23:40 Tapi dekat sini

00:23:41 Eh sama pula

00:23:42–00:23:45

00:23:41 Eh sama pula

00:23:42 Kat sini

00:23:44 Dia exit kat sini

00:23:45–00:23:48

00:23:44 Dia exit kat sini

00:23:46 Duit dia invest 5%

00:23:48–00:23:51

00:23:46 Duit dia invest 5%

00:23:48 Tiba-tiba valuation company

00:23:50 Oh

00:23:50 Gila

00:23:51–00:23:54

00:23:50 Gila

00:23:51 Buat hati aku ni

00:23:52 Tiba-tiba valuation company 2 juta je

00:23:54–00:23:57

00:23:52 Tiba-tiba valuation company 2 juta je

00:23:54 Kat sini

00:23:55 Value 2M je

00:23:56 Sekali value next 10 kali ganda

00:23:57–00:24:00

00:23:56 Sekali value next 10 kali ganda

00:23:58 Duit dia jadi 10X

00:24:00–00:24:03

00:23:58 Duit dia jadi 10X

00:24:00 Dia jual tak kat sini

00:24:02 So 100 ribu return balik 1 juta

00:24:03–00:24:06

00:24:02 So 100 ribu return balik 1 juta

00:24:04 5 rat

00:24:05 Haa

00:24:06–00:24:09

00:24:05 Haa

00:24:06 Entah

00:24:06 Faham tak

00:24:07 Jadi that's why

00:24:08 Orang yang paling kaya adalah investor

00:24:09–00:24:12

00:24:08 Orang yang paling kaya adalah investor

00:24:11 Untuk buat

00:24:12–00:24:15

00:24:11 Untuk buat

00:24:12 1 juta

00:24:13 3 juta

00:24:14 Ambil masa tak sampai setahun

00:24:15–00:24:18

00:24:14 Ambil masa tak sampai setahun

00:24:16 Kalau awak duduk dalam

00:24:17 Kenderaannya betul

00:24:18–00:24:21

00:24:17 Kenderaannya betul

00:24:19 Sebab tu IPO ni guys

00:24:20 Adalah tempat paling seksi

00:24:21–00:24:24

00:24:20 Adalah tempat paling seksi

00:24:22 Untuk exit

00:24:23 Tapi paling kejam

00:24:24–00:24:27

00:24:23 Tapi paling kejam

00:24:25 Sebab banyak orang

00:24:26 Even hari tu saya jumpa

00:24:27–00:24:30

00:24:26 Even hari tu saya jumpa

00:24:27 Dengan

00:24:29 Salah seorang ni lah

00:24:30–00:24:33

00:24:29 Salah seorang ni lah

00:24:30 Dia dah IPO

00:24:31 Pada tahun 1990-an

00:24:32 Dia kata

00:24:33–00:24:36

00:24:32 Dia kata

00:24:33 Buat apa budak-budak muda ni

00:24:35 Nak IPO ni

00:24:35 Tak ada apa eh

00:24:36–00:24:39

00:24:35 Tak ada apa eh

00:24:36 IPO ni

00:24:37 Buat pening kepala

00:24:38 Dia kata

00:24:39–00:24:42

00:24:38 Dia kata

00:24:40 Dia pucuk oh ye ke datuk

00:24:41 Yelah kita belajar dengan dia kan

00:24:42–00:24:45

00:24:41 Yelah kita belajar dengan dia kan

00:24:44 Jadi

00:24:45–00:24:48

00:24:44 Jadi

00:24:46 next pula adalah

00:24:47 liquidation

00:24:48–00:24:51

00:24:47 liquidation

00:24:48 liquidation ni adalah

00:24:49 awak tutup company

00:24:50 pergi lah semua profit

00:24:51–00:24:54

00:24:50 pergi lah semua profit

00:24:51 memang ada beberapa

00:24:53 company baru ni

00:24:53 saya liquidatkan dia

00:24:54–00:24:57

00:24:53 saya liquidatkan dia

00:24:54 saya jual je

00:24:55 tutup semua

00:24:56 kita cut loss

00:24:57–00:25:00

00:24:56 kita cut loss

00:24:57 tapi tu dalam bentuk loss

00:24:58 kalau profit mana

00:24:59 dia orang tutup

00:25:00–00:25:03

00:24:59 dia orang tutup

00:25:00 profit biarlah berjalan

00:25:01 so ini adalah

00:25:02 5 cara untuk exit

00:25:03–00:25:06

00:25:02 5 cara untuk exit

00:25:03 dan saya cadangkan

00:25:04 awak exit

00:25:05 partial exit

00:25:06–00:25:09

00:25:05 partial exit

00:25:06 ataupun management buyout ke

00:25:08 awak jual sikit

00:25:09–00:25:12

00:25:08 awak jual sikit

00:25:10 dekat partner awak

00:25:11 jual sikit pada kawan awak

00:25:12–00:25:15

00:25:11 jual sikit pada kawan awak

00:25:13 so partial exit

00:25:14 Dengan management exit ni

00:25:15–00:25:18

00:25:14 Dengan management exit ni

00:25:15 Yang biasa kita buat

00:25:16 Trade sale ni

00:25:17 Ini betul-betul nak cash out

00:25:18–00:25:21

00:25:17 Ini betul-betul nak cash out

00:25:18 Awak buat satu company

00:25:20 Lepas tu value kan dia

00:25:21–00:25:24

00:25:20 Lepas tu value kan dia

00:25:21 5 juta

00:25:22 Boom

00:25:23 Jual dekat siapa?

00:25:24–00:25:27

00:25:23 Jual dekat siapa?

00:25:24 Jual dekat competitor

00:25:26 Itu syarat dia

00:25:27–00:25:30

00:25:26 Itu syarat dia

00:25:28 Jual pada competitor

00:25:29 Dan adakah competitor plan

00:25:30–00:25:33

00:25:29 Dan adakah competitor plan

00:25:31 Untuk pergi IPO?

00:25:32 Tak ada pun

00:25:32 Dia beli benda tu

00:25:33–00:25:36

00:25:32 Dia beli benda tu

00:25:33 Untuk naikkan lagi value dia

00:25:35 Dia beli company awak

00:25:36–00:25:39

00:25:35 Dia beli company awak

00:25:36 Trade sale

00:25:37 Valuation dia pun naik juga

00:25:39–00:25:42

00:25:39 Dan dia dapat extra revenue

00:25:41 So banyak strategi

00:25:42–00:25:45

00:25:41 So banyak strategi

00:25:43 Saya pun tak perlu belajar lagi

00:25:44 Jadi

00:25:44 ini adalah yang terakhir sekali exit

00:25:45–00:25:48

00:25:44 ini adalah yang terakhir sekali exit

00:25:46 strategi. Jadi bincang dengan partner, bro

00:25:48–00:25:51

00:25:46 strategi. Jadi bincang dengan partner, bro

00:25:48 kita nak buat apa ni? Kita ada plan tak nak

00:25:50 exit? Kita jual lah sikit share kita

00:25:51–00:25:54

00:25:50 exit? Kita jual lah sikit share kita

00:25:52 nanti. Sebab company yang boleh

00:25:54–00:25:57

00:25:52 nanti. Sebab company yang boleh

00:25:54 dijual adalah company yang

00:25:56 ada value. Kalau company

00:25:57–00:26:00

00:25:56 ada value. Kalau company

00:25:59 awak tak berjaya dijual, dia tak ada

00:26:00–00:26:03

00:25:59 awak tak berjaya dijual, dia tak ada

00:26:00 value. Dan untuk menjual company, insyaAllah

00:26:03–00:26:06

00:26:03 ada lagi nanti video-video bonus yang

00:26:04 saya akan cuba wujudkan dan masukkan. Kalau sempat

00:26:06–00:26:09

00:26:04 saya akan cuba wujudkan dan masukkan. Kalau sempat

00:26:07 dekat bawah ni kalau ada. Kalau tak ada

00:26:08 belum ada lagi lah. Sebab saya ada plan untuk

00:26:09–00:26:12

00:26:08 belum ada lagi lah. Sebab saya ada plan untuk

00:26:10 tambah lagi beberapa video-video

00:26:12–00:26:15

00:26:10 tambah lagi beberapa video-video

00:26:12 tambahan at least saya pun tengah

00:26:14 on the way nak jual beberapa company saya dan

00:26:15–00:26:18

00:26:14 on the way nak jual beberapa company saya dan

00:26:16 awak pun dapat belajar sesuatu. Mudah-mudahan

00:26:18–00:26:21

00:26:16 awak pun dapat belajar sesuatu. Mudah-mudahan

00:26:18 kita menjadi usahawan yang celik capital

00:26:20 bukan sahaja bermain

00:26:21–00:26:24

00:26:20 bukan sahaja bermain

00:26:21 market mechanism tapi bermain

00:26:24–00:26:27

00:26:21 market mechanism tapi bermain

00:26:24 capital mechanism. Maksudnya market mechanism

00:26:26 ni jual pada customer. Capital mechanism

00:26:27–00:26:30

00:26:26 ni jual pada customer. Capital mechanism

00:26:28 jual pada investor. Market

00:26:30–00:26:33

00:26:28 jual pada investor. Market

00:26:30 customer, capital investor. Ada

00:26:32 dua customer sebenarnya. Jual pada customer

00:26:33–00:26:36

00:26:32 dua customer sebenarnya. Jual pada customer

00:26:34 pun ok juga tapi lagi profit jual pada

00:26:36–00:26:39

00:26:34 pun ok juga tapi lagi profit jual pada

00:26:36 investor sebab investor

00:26:38 membeli kenderaan syarikat yang

00:26:39–00:26:42

00:26:38 membeli kenderaan syarikat yang

00:26:40 Akan buat duit untuk dia

00:26:41 Dan kadang-kadang

00:26:42–00:26:45

00:26:41 Dan kadang-kadang

00:26:42 Dia tak nak duit pun

00:26:43 Dia just nak hype tu je

00:26:44 Sebab dia nak exit

00:26:45–00:26:48

00:26:44 Sebab dia nak exit

00:26:45 Pada round yang seterusnya

00:26:46 So ini adalah

00:26:47 First round

00:26:48–00:26:51

00:26:47 First round

00:26:48 First round biasanya

00:26:49 Dia start dekat seat

00:26:51–00:26:54

00:26:51 Ini first round

00:26:52 Ini second round

00:26:53 Series A

00:26:54–00:26:57

00:26:53 Series A

00:26:54 Series B

00:26:55 Series C

00:26:55 Terus benda-benda macam tu lah

00:26:56 Okay jumpa dalam video

00:26:57–00:26:59

00:26:56 Okay jumpa dalam video

00:26:58 Yang seterusnya

00:26:59 Zas