Exit By Company Valuation
Source: https://coachadib.com/module/6ac03ba001e1173ecd02babb
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[00:00:00.000 – 00:00:05.600] Chapter terakhir, Exit Strategy dan ini adalah Exit By Valuation.

[00:00:05.820 – 00:00:08.700] Kalau sebelum ni kita dah belajar yang ni, kita nak pergi yang ni pula.

[00:00:08.920 – 00:00:11.020] Exit By Valuation.

[00:00:11.160 – 00:00:17.280] Guys, akhirnya saya nak share dengan awak empat cara nak buat company valuation.

[00:00:17.920 – 00:00:21.820] Hulamak, lepas belajar benda ni, awak dah macam sembang korporat tu.

[00:00:22.240 – 00:00:22.860] Korporat tu.

[00:00:23.580 – 00:00:26.780] Okay, first kali dia panggil sebagai AV, Asset Valuation.

[00:00:27.360 – 00:00:29.840] Okay, AV, Asset Valuation.

[00:00:30.000 – 00:00:34.500] So, asset valuation ni adalah valuation berdasarkan nilai asset yang awak ada.

[00:00:34.820 – 00:00:38.160] Contohnya, awak ada rumah, kereta, awak ada ofis, awak ada duit.

[00:00:38.440 – 00:00:39.820] Asset ni, formula ni simple je.

[00:00:40.160 – 00:00:41.560] Asset minus liability.

[00:00:41.880 – 00:00:42.540] Boleh tengok dekat situ.

[00:00:42.940 – 00:00:43.880] Asset ni maksudnya apa?

[00:00:44.120 – 00:00:44.700] Apa-apalah.

[00:00:45.060 – 00:00:47.940] Kereta, rumah, contohnya awak ada cash dalam bank account awak,

[00:00:48.200 – 00:00:51.120] awak ada perabot, awak ada mikrofon ke,

[00:00:51.400 – 00:00:54.060] apa-apa sahaja asset yang ada dalam business awak,

[00:00:54.980 – 00:00:56.020] itu adalah asset.

[00:00:56.200 – 00:00:58.500] Apa-apa sahaja barang, berharga, yang ada nilai.

[00:00:58.500 – 00:01:00.680] Tapi kalau katakanlah saya punya microphone ni

[00:01:00.680 – 00:01:02.600] Saya kena bayar hutang dengan bank setiap bulan

[00:01:02.600 – 00:01:03.940] Sebab itulah formula dia

[00:01:03.940 – 00:01:05.660] Asset tolak liability

[00:01:05.660 – 00:01:06.360] Liability ni apa?

[00:01:06.560 – 00:01:08.400] Adalah hutang ataupun tanggungan

[00:01:08.400 – 00:01:09.040] So

[00:01:09.040 – 00:01:10.720] Berapa nilai company awak

[00:01:10.720 – 00:01:12.520] Semua sekali katalah RM100,000

[00:01:12.520 – 00:01:16.920] So katalah company awak ni RM100,000

[00:01:16.920 – 00:01:20.680] Tapi tolak dengan hutang-hutang ataupun liability tanggungan

[00:01:20.680 – 00:01:21.700] Oh tanggungan saya

[00:01:21.700 – 00:01:23.400] Saya kena bayar sana sini tuan

[00:01:23.400 – 00:01:24.820] Ni bukan yang bayaran bulanan tau

[00:01:24.820 – 00:01:26.980] Yang ni yang asset punya liability

[00:01:26.980 – 00:01:28.900] Maksudnya, saya punya microphone ni

[00:01:28.900 – 00:01:30.480] Harga RM10,000 tapi

[00:01:30.980 – 00:01:32.620] Loan dengan bank masih RM3,000

[00:01:32.620 – 00:01:34.380] Jadi nilai dia RM10,000 ke berapa?

[00:01:34.520 – 00:01:35.800] Tak, nilai dia adalah RM7,000

[00:01:35.800 – 00:01:38.040] Sebab nilai dia adalah ibarat RM10,000

[00:01:38.040 – 00:01:39.880] Harga ni tolak dengan RM7,000

[00:01:39.880 – 00:01:41.940] So nilai dia tolak dengan RM3,000

[00:01:41.940 – 00:01:43.860] So nilai dia adalah RM7,000

[00:01:43.860 – 00:01:45.360] Macam tu, sama macam company kita

[00:01:46.140 – 00:01:47.900] Ada tak company berhutang apa-apa?

[00:01:48.140 – 00:01:50.400] Duit yang kena bayar pada vendor ke apa-apa

[00:01:50.400 – 00:01:51.980] Sebab monthly overhead tu

[00:01:51.980 – 00:01:52.700] Madam

[00:01:53.280 – 00:01:55.460] Monthly overhead tu, dia tidak dikira sebagai

[00:01:55.460 – 00:01:57.200] Tidak dikira sebagai

[00:01:57.200 – 00:01:58.400] Liability

[00:01:58.400 – 00:01:59.500] Itu cost overhead

[00:01:59.500 – 00:02:00.180] So katalah

[00:02:00.180 – 00:02:01.080] Oh saya punya liability

[00:02:01.080 – 00:02:02.180] Adalah 30k tuan

[00:02:02.180 – 00:02:03.760] Jadi alhamdulillah

[00:02:03.760 – 00:02:04.480] Company awak

[00:02:04.480 – 00:02:05.160] Bernilai

[00:02:05.160 – 00:02:06.400] 70k

[00:02:06.400 – 00:02:07.240] Dah settle

[00:02:07.240 – 00:02:07.700] Cerita je

[00:02:07.700 – 00:02:09.200] Maksudnya berapa

[00:02:09.200 – 00:02:10.260] Value company saya

[00:02:10.260 – 00:02:11.000] 70,000

[00:02:12.640 – 00:02:14.040] Dan nombor dua pula

[00:02:14.040 – 00:02:15.160] Adalah dipanggil sebagai

[00:02:15.160 – 00:02:16.580] Profit valuation

[00:02:16.580 – 00:02:17.800] Yang ni yang saya lebih

[00:02:17.800 – 00:02:18.580] Prefer lah

[00:02:18.580 – 00:02:18.900] PV

[00:02:18.900 – 00:02:20.420] Profit

[00:02:20.420 – 00:02:21.560] Valuation

[00:02:21.560 – 00:02:22.540] Valuation profit ni

[00:02:22.540 – 00:02:23.980] Mengikut nilai

[00:02:23.980 – 00:02:25.300] Keuntungan tahunan kita

[00:02:25.300 – 00:02:26.660] Berapa awak untung setiap tahun

[00:02:26.660 – 00:02:29.500] Bila katakanlah kita audit keuntungan bersih awak

[00:02:29.500 – 00:02:30.920] Lepas dah tolak

[00:02:30.920 – 00:02:32.140] Apa-apa pun semua

[00:02:32.140 – 00:02:32.800] Okey tuan

[00:02:32.800 – 00:02:34.140] Keuntungan bersih saya adalah

[00:02:35.920 – 00:02:37.060] RM100,000

[00:02:37.060 – 00:02:37.720] Oh

[00:02:37.720 – 00:02:40.080] Ni pada tahun 2024

[00:02:40.080 – 00:02:41.820] Tahun lepas

[00:02:41.820 – 00:02:42.380] Katakanlah

[00:02:42.380 – 00:02:43.220] Jadi

[00:02:43.220 – 00:02:44.700] Kalau untung awak RM100,000

[00:02:44.700 – 00:02:46.240] Ada satu benda dipanggil sebagai

[00:02:46.240 – 00:02:47.640] PE multiple

[00:02:47.640 – 00:02:49.240] PE multiple ni adalah

[00:02:49.240 – 00:02:50.360] Price to earning ratio

[00:02:51.200 – 00:02:51.920] Price

[00:02:51.920 – 00:02:52.920] Harga company

[00:02:52.920 – 00:02:54.360] Berdasarkan earning

[00:02:54.360 – 00:02:56.020] income pendapatan

[00:02:56.020 – 00:02:57.520] so maksudnya

[00:02:57.520 – 00:02:58.480] berapa kali ganda

[00:02:58.480 – 00:02:59.680] contohnya kalau awak

[00:02:59.680 – 00:03:00.460] takkan awak nak jual

[00:03:00.460 – 00:03:01.120] harga RM100,000

[00:03:01.120 – 00:03:02.760] ini maksudnya

[00:03:02.760 – 00:03:03.520] PE 1

[00:03:03.520 – 00:03:04.880] ini maksudnya

[00:03:04.880 – 00:03:05.880] PE darab dengan

[00:03:05.880 – 00:03:06.500] PE 1

[00:03:06.500 – 00:03:07.900] so RM100,000

[00:03:07.900 – 00:03:08.680] darab dengan 1

[00:03:08.680 – 00:03:09.300] dapatlah

[00:03:09.300 – 00:03:10.280] RM100,000

[00:03:10.280 – 00:03:11.400] ok nilai syarikat saya

[00:03:11.400 – 00:03:12.360] RM100,000

[00:03:12.360 – 00:03:13.580] tapi biasanya jarang macam ni

[00:03:13.580 – 00:03:14.520] sebab banyak company

[00:03:14.520 – 00:03:15.560] dia akan guna

[00:03:15.560 – 00:03:16.300] PE multiplier

[00:03:16.300 – 00:03:16.960] maksudnya

[00:03:16.960 – 00:03:18.080] nilai syarikat tu

[00:03:18.080 – 00:03:18.560] sebenarnya adalah

[00:03:18.560 – 00:03:19.700] 5 kali ganda

[00:03:19.700 – 00:03:20.860] daripada untung dia

[00:03:20.860 – 00:03:21.600] sebab tu kalau tengok

[00:03:21.600 – 00:03:22.240] dekat table ni

[00:03:22.240 – 00:03:23.620] saya tunjuk

[00:03:23.620 – 00:03:25.060] industri tech

[00:03:25.060 – 00:03:25.720] ni

[00:03:25.720 – 00:03:26.640] industri tech

[00:03:26.640 – 00:03:27.240] ataupun SAS

[00:03:27.240 – 00:03:28.400] kebiasaannya

[00:03:28.400 – 00:03:29.480] dia punya PE dia

[00:03:31.560 – 00:03:32.160] keser

[00:03:32.160 – 00:03:32.740] ok

[00:03:33.980 – 00:03:34.860] company macam

[00:03:34.860 – 00:03:35.440] contoh tech

[00:03:35.440 – 00:03:36.040] atau SAS ni

[00:03:36.040 – 00:03:37.360] PE dia dalam sekitar

[00:03:37.360 – 00:03:38.200] 15%

[00:03:38.200 – 00:03:39.040] 15 kali ganda

[00:03:39.040 – 00:03:40.320] maksudnya katakanlah

[00:03:40.320 – 00:03:41.640] profit dia 100 ribu

[00:03:41.640 – 00:03:42.500] nilai dia adalah

[00:03:42.500 – 00:03:43.500] 1.5 juta

[00:03:43.500 – 00:03:45.400] 15 ke 25 kali ganda

[00:03:45.400 – 00:03:46.300] dia adalah company-company

[00:03:46.300 – 00:03:46.920] yang high grow

[00:03:46.920 – 00:03:47.400] yang scalable

[00:03:47.400 – 00:03:48.720] ini company-company

[00:03:48.720 – 00:03:49.500] tech biasanya

[00:03:49.500 – 00:03:50.000] that's why

[00:03:50.000 – 00:03:51.420] banyak company pergi IPO

[00:03:51.420 – 00:03:52.160] busa saham

[00:03:52.160 – 00:03:53.440] yang jadi unicorn

[00:03:53.440 – 00:03:54.060] ataupun

[00:03:54.060 – 00:03:55.540] billion dollar company

[00:03:55.540 – 00:03:57.080] adalah company teknologi

[00:03:57.080 – 00:03:58.680] sebab profit sikit je

[00:03:58.680 – 00:03:59.780] tapi di value kan

[00:03:59.780 – 00:04:00.640] 20 kali ganda

[00:04:01.340 – 00:04:01.980] healthcare

[00:04:01.980 – 00:04:03.080] dia lebih stable lah

[00:04:03.080 – 00:04:03.680] strong demand

[00:04:04.380 – 00:04:05.700] dan dia punya

[00:04:05.700 – 00:04:06.540] valuation dia

[00:04:06.540 – 00:04:07.940] biasanya 12 kali ganda

[00:04:07.940 – 00:04:09.200] daripada profit

[00:04:09.200 – 00:04:10.660] katakanlah kita ambil

[00:04:10.660 – 00:04:11.620] industri-industri lain

[00:04:11.620 – 00:04:12.420] macam premium

[00:04:12.420 – 00:04:13.400] ni barang-barang premium

[00:04:13.400 – 00:04:13.980] barang mahal eh

[00:04:13.980 – 00:04:14.620] bukan barang murah

[00:04:14.620 – 00:04:15.780] macam beg

[00:04:15.780 – 00:04:16.880] Gucci, Hermes

[00:04:16.880 – 00:04:17.820] apa bagai semua tu

[00:04:17.820 – 00:04:19.180] yang ni LV

[00:04:19.180 – 00:04:20.520] dalam 10-15 kali ganda

[00:04:20.520 – 00:04:21.260] stable brand

[00:04:21.260 – 00:04:22.000] steady sale

[00:04:22.000 – 00:04:22.880] industries

[00:04:22.880 – 00:04:24.640] Industri-industri perkilangan

[00:04:24.640 – 00:04:25.320] Apa semua ni

[00:04:25.320 – 00:04:27.400] Dia dalam 8 ke 12 kali ganda

[00:04:27.400 – 00:04:28.040] Moderate lah

[00:04:28.040 – 00:04:29.500] Sebab orang akan repeat purchase

[00:04:30.280 – 00:04:30.840] Retail

[00:04:30.840 – 00:04:32.280] Barang-barang retail

[00:04:32.280 – 00:04:33.740] Contohnya macam 7-11

[00:04:33.740 – 00:04:34.500] Apa semua kat sini

[00:04:34.500 – 00:04:36.020] 6 ke 10 kali ganda

[00:04:36.020 – 00:04:36.540] Ini standard

[00:04:36.540 – 00:04:38.120] Siapa yang beritahu benda ni

[00:04:38.120 – 00:04:39.300] Ini average industry lah

[00:04:39.300 – 00:04:40.040] Ada je company

[00:04:40.040 – 00:04:41.520] Yang berkali-kali ganda

[00:04:42.220 – 00:04:42.780] Utilities

[00:04:42.780 – 00:04:43.520] Telekom

[00:04:43.520 – 00:04:45.120] 5 ke 8 kali ganda

[00:04:45.120 – 00:04:46.320] Oil and gas

[00:04:46.920 – 00:04:48.420] 5 ke 8 kali ganda

[00:04:48.420 – 00:04:49.360] Nampak volatile

[00:04:49.360 – 00:04:50.520] Financial service

[00:04:50.520 – 00:04:52.520] Kita tengok jap saham Tesla

[00:04:53.460 – 00:04:54.100] Tesla

[00:04:54.100 – 00:04:56.200] PE ratio

[00:04:56.200 – 00:04:57.520] awak boleh type dekat search

[00:04:57.520 – 00:04:58.840] type Tesla PE ratio

[00:04:58.840 – 00:04:59.120] tengok

[00:04:59.120 – 00:05:01.080] berapa PE ratio Tesla

[00:05:01.080 – 00:05:02.100] ok kita baca eh

[00:05:02.100 – 00:05:02.920] Tesla

[00:05:03.860 – 00:05:05.620] ratio is approximately

[00:05:07.960 – 00:05:09.440] 247 kali ganda

[00:05:09.440 – 00:05:10.860] daripada profit dia

[00:05:12.040 – 00:05:12.840] gila tak?

[00:05:12.940 – 00:05:13.780] gila tak gila guys?

[00:05:13.980 – 00:05:15.440] bayangkan Tesla punya level ni

[00:05:15.440 – 00:05:16.180] lain macam sikit

[00:05:16.180 – 00:05:17.360] sebab tu Elon Musk beritahu

[00:05:17.360 – 00:05:18.480] Tesla ni overpriced

[00:05:18.480 – 00:05:19.100] memang betul pun

[00:05:19.100 – 00:05:20.460] bayangkan Tesla

[00:05:20.460 – 00:05:22.200] katalah profit dia

[00:05:22.200 – 00:05:22.940] Adalah RM

[00:05:23.660 – 00:05:24.300] Seratus

[00:05:25.380 – 00:05:26.020] Juta

[00:05:26.020 – 00:05:27.500] Value dia

[00:05:27.500 – 00:05:28.400] Bukan ada seratus juta

[00:05:28.400 – 00:05:29.140] Padahal ni profit

[00:05:29.860 – 00:05:31.000] Value dia adalah

[00:05:31.000 – 00:05:32.220] Darab dengan

[00:05:34.060 – 00:05:35.340] 247 kali ganda

[00:05:35.340 – 00:05:37.120] Minimum lah kita ambil

[00:05:37.120 – 00:05:38.720] Ni sebab dia naik turun ke Raffi

[00:05:38.720 – 00:05:39.980] Berapa ni

[00:05:40.860 – 00:05:41.960] 2 bilion

[00:05:41.960 – 00:05:42.340] 24

[00:05:43.280 – 00:05:44.480] 0.7

[00:05:45.160 – 00:05:45.800] Bilion

[00:05:46.460 – 00:05:47.240] Nilai dia

[00:05:47.240 – 00:05:49.620] Sebab kalau 10 kali ganda

[00:05:50.280 – 00:05:50.920] 1B

[00:05:52.120 – 00:05:52.960] Haa betul tak

[00:05:52.960 – 00:05:54.240] Betul tak

[00:05:54.240 – 00:05:54.820] Cukup daripada

[00:05:54.820 – 00:05:55.960] Aduh banyak sangat nombor ni

[00:05:55.960 – 00:05:56.460] Jam kat saya

[00:05:57.580 – 00:05:58.100] B

[00:05:59.480 – 00:06:00.260] Betul lah tu

[00:06:00.260 – 00:06:01.160] Betul lah tu

[00:06:01.740 – 00:06:02.680] Haa betul lah tu

[00:06:02.680 – 00:06:04.420] 24.7B

[00:06:04.420 – 00:06:05.480] Kita tengok Petronas pula

[00:06:05.480 – 00:06:07.060] Haa sambil admin tolong kirakan ni

[00:06:08.580 – 00:06:09.100] Petronas

[00:06:10.060 – 00:06:11.100] PE ratio

[00:06:11.100 – 00:06:12.120] Kita tengok

[00:06:12.120 – 00:06:13.260] Ni public listed company

[00:06:13.260 – 00:06:13.920] Biasa memang ada

[00:06:15.220 – 00:06:15.740] Petronas

[00:06:15.740 – 00:06:16.860] Trailing around

[00:06:16.860 – 00:06:18.900] 19.94

[00:06:18.900 – 00:06:19.300] Nampak

[00:06:19.300 – 00:06:19.880] Haa okey lah

[00:06:19.880 – 00:06:22.220] Petronas tak adalah overpriced sangat

[00:06:22.220 – 00:06:23.340] Maksudnya tak adalah power sangat

[00:06:23.340 – 00:06:24.640] Tesla memang power lain macam

[00:06:25.340 – 00:06:27.220] Company-company yang seakan-tan dengannya

[00:06:27.220 – 00:06:28.740] Kita tengok Honda ada

[00:06:28.740 – 00:06:31.080] Honda PE ratio

[00:06:31.080 – 00:06:32.840] Honda PE ratio

[00:06:32.840 – 00:06:33.940] 11 je

[00:06:34.780 – 00:06:37.560] Honda punya multiplier dia daripada profit dia

[00:06:37.560 – 00:06:39.040] Macam mana Tesla boleh 200

[00:06:39.040 – 00:06:40.360] Saya pun tak faham lah

[00:06:40.360 – 00:06:41.740] Itu kuasa branding Elon Musk

[00:06:41.740 – 00:06:43.120] Elon Musk

[00:06:44.000 – 00:06:44.600] Toyota

[00:06:44.600 – 00:06:45.720] Tengok Toyota pula

[00:06:46.880 – 00:06:48.080] Toyota 8

[00:06:48.080 – 00:06:49.040] Oh rendah betul eh

[00:06:49.040 – 00:06:51.560] Dia kadang-kadang company besar ni dia banyak risiko

[00:06:51.560 – 00:06:53.160] Jadi itulah valuation

[00:06:53.160 – 00:06:54.740] Sebab ada seorang ni

[00:06:54.740 – 00:06:55.720] Dia DM saya

[00:06:55.720 – 00:06:58.620] Tuan, saya nak jual company saya tuan

[00:06:58.620 – 00:07:00.740] Saya sale RM100,000 sebulan

[00:07:01.580 – 00:07:03.300] Okay, RM100,000 sebulan

[00:07:03.300 – 00:07:05.880] Jadi saya nak jual company saya

[00:07:05.880 – 00:07:08.120] Sale saya RM100,000 sebulan

[00:07:08.120 – 00:07:10.520] Profit dalam RM10,000 macam tu

[00:07:10.520 – 00:07:11.860] Dia ambil case tadi ya

[00:07:11.860 – 00:07:13.960] RM100,000 sale dia

[00:07:14.760 – 00:07:16.840] Lepas tu dia kata profit dia dalam sekitar

[00:07:16.840 – 00:07:18.660] RM20,000 ke RM10,000 lah

[00:07:18.660 – 00:07:19.480] Saya ingat saya macam tu

[00:07:20.240 – 00:07:21.300] 20k ke 10k

[00:07:21.300 – 00:07:22.560] Ni profit

[00:07:23.080 – 00:07:24.420] Lepas tu dia nak jual

[00:07:24.420 – 00:07:25.360] Dia nak cara orang beli

[00:07:25.360 – 00:07:26.040] Untuk beli

[00:07:26.040 – 00:07:27.140] Berapa dia nak jual

[00:07:27.140 – 00:07:28.380] Dia kata dia nak jual 1 juta

[00:07:31.480 – 00:07:32.620] Apa justifikasi dia

[00:07:32.620 – 00:07:33.020] Dia kata

[00:07:33.920 – 00:07:35.080] Saya 1,000 tu kan

[00:07:35.080 – 00:07:35.980] Darat 12

[00:07:36.540 – 00:07:37.900] Dah 1.2 juta

[00:07:37.900 – 00:07:38.980] Saya nak jual company ni

[00:07:38.980 – 00:07:39.740] Dengan harga 1 juta

[00:07:39.740 – 00:07:40.680] Padahal

[00:07:40.680 – 00:07:42.120] Kalau kita ambil profit

[00:07:42.120 – 00:07:43.460] Sebab ini yang lebih buy better

[00:07:43.460 – 00:07:44.280] Profit

[00:07:44.860 – 00:07:45.500] Profit ni

[00:07:46.480 – 00:07:47.840] Katakanlah profit dia 20k

[00:07:48.360 – 00:07:49.800] 20k darat dengan 12 bulan

[00:07:49.800 – 00:07:51.460] Baru 240k

[00:07:51.460 – 00:07:54.100] Berapa PE multiplier dia?

[00:07:54.480 – 00:07:55.460] Katalah 5

[00:07:56.580 – 00:07:57.460] 5x

[00:07:57.460 – 00:07:59.660] 5x barulah dapat 1 juta

[00:07:59.660 – 00:08:00.380] Berapa darap?

[00:08:01.200 – 00:08:02.980] Dia katakanlah 240k

[00:08:02.980 – 00:08:05.880] Darap dengan 2x sahaja

[00:08:05.880 – 00:08:08.320] So, dapatlah baru 540k

[00:08:08.320 – 00:08:08.760] 280k

[00:08:08.760 – 00:08:13.180] So, point dia guys

[00:08:13.180 – 00:08:15.440] PE multiplier

[00:08:15.440 – 00:08:17.480] Ratio ni, dia sangatlah

[00:08:17.480 – 00:08:19.540] Berbeza-beza mengikut industri

[00:08:19.540 – 00:08:20.900] Dan benda ni

[00:08:20.900 – 00:08:22.700] Bukan benda yang senang lah

[00:08:22.700 – 00:08:23.360] Kita nak kata

[00:08:23.360 – 00:08:23.600] Oh

[00:08:23.600 – 00:08:25.400] Saya value banyak ni tuan

[00:08:25.400 – 00:08:25.940] Banyak ni

[00:08:25.940 – 00:08:27.380] Tapi kalau RM10,000 pula

[00:08:27.920 – 00:08:29.560] Katalah kita audit nanti company dia

[00:08:29.560 – 00:08:30.000] Kita tengok

[00:08:30.000 – 00:08:31.560] Eh lah sebenarnya RM10,000 je

[00:08:31.560 – 00:08:32.940] Net profit lepas tolak semua stuff

[00:08:32.940 – 00:08:34.840] So kalau RM10,000 darat dengan RM12

[00:08:34.840 – 00:08:36.520] Baru RM120,000

[00:08:36.520 – 00:08:38.340] RM120,000 darat dengan PE5 berapa?

[00:08:42.070 – 00:08:43.010] RM2,000,000

[00:08:45.000 – 00:08:46.280] Darat dengan RM5,000

[00:08:46.280 – 00:08:47.180] Yang ni baru RM600,000

[00:08:47.180 – 00:08:48.980] Point dia bila dia letak

[00:08:48.980 – 00:08:50.520] Dia letak harga

[00:08:50.520 – 00:08:52.120] Eh RM2,000,000 ke RM1,000,000 ke

[00:08:52.120 – 00:08:52.780] Ingat ada

[00:08:52.780 – 00:08:54.980] ada seorang tu nak jual company dia

[00:08:54.980 – 00:08:56.420] tapi lebih kurang lah

[00:08:56.420 – 00:08:57.220] dia kira

[00:08:57.220 – 00:08:58.940] dia kena ada numbers yang tepat

[00:08:58.940 – 00:09:00.600] jadi bila kita main bagi-bagi je

[00:09:00.600 – 00:09:01.280] saya nak jual 1 juta

[00:09:01.280 – 00:09:02.180] saya nak jual 2 juta

[00:09:02.180 – 00:09:02.700] kan

[00:09:02.700 – 00:09:03.720] macam main ni

[00:09:03.720 – 00:09:05.560] so bila guna PE multiplier

[00:09:05.560 – 00:09:07.080] awak boleh cari industry awak sendiri

[00:09:07.080 – 00:09:07.680] contohnya

[00:09:07.680 – 00:09:09.040] awak buka kedai dobi

[00:09:09.040 – 00:09:10.320] ok kita pun

[00:09:10.320 – 00:09:11.400] type lah dekat sini

[00:09:12.340 – 00:09:12.900] laundry

[00:09:15.260 – 00:09:15.820] laundry

[00:09:16.880 – 00:09:17.440] service

[00:09:17.440 – 00:09:18.740] laundry shop PE ratio

[00:09:18.740 – 00:09:19.380] tengok je

[00:09:19.380 – 00:09:20.360] average industry

[00:09:20.360 – 00:09:21.860] so dia kata

[00:09:23.740 – 00:09:24.820] industri sektor

[00:09:25.740 – 00:09:26.320] 24

[00:09:26.320 – 00:09:27.980] ni kena study betul-betul

[00:09:27.980 – 00:09:30.340] ok bro, kita kena cari company-company

[00:09:30.340 – 00:09:31.460] yang seakatan dengannya

[00:09:31.460 – 00:09:34.220] contoh macam ni dia kata, mungkin

[00:09:34.220 – 00:09:36.620] 20, mungkin, ni kena study

[00:09:36.620 – 00:09:38.540] betul-betul, jadi sebab apa

[00:09:38.540 – 00:09:40.520] laundry ni dia bagus, dia repeatable

[00:09:40.520 – 00:09:42.020] contohnya, restaurant, awak nak jom

[00:09:42.020 – 00:09:44.220] restaurant, restaurant

[00:09:44.220 – 00:09:48.150] PE ratio, berapa

[00:09:48.150 – 00:09:49.030] industri restaurant

[00:09:50.310 – 00:09:50.910] Restoran

[00:09:52.950 – 00:09:53.730] Restoran brand

[00:09:53.730 – 00:09:54.050] 18

[00:09:54.050 – 00:09:55.130] Tinggi

[00:09:55.130 – 00:09:56.550] Maksudnya orang suka

[00:09:56.550 – 00:09:57.490] Restoran ni

[00:09:57.490 – 00:09:58.830] Orang repeat purchase

[00:09:58.830 – 00:10:00.670] Ada pula industri yang tak ok

[00:10:01.290 – 00:10:02.650] Contohnya kita ambil tourism

[00:10:05.660 – 00:10:07.380] Tourism maksudnya tak ok

[00:10:07.380 – 00:10:08.960] Eh tinggi sangat

[00:10:08.960 – 00:10:10.160] 20 eh

[00:10:10.160 – 00:10:10.460] 30

[00:10:11.320 – 00:10:12.660] Tapi begin lah guys

[00:10:12.660 – 00:10:14.120] Benda ni dia ambil genting

[00:10:14.120 – 00:10:15.720] Dia ambil genting ni tourism

[00:10:15.720 – 00:10:17.320] Padahal genting ni dah jadi property dah

[00:10:18.380 – 00:10:19.140] Genting ni

[00:10:19.140 – 00:10:21.160] Dia dah jadi company-company dah besar dah ni

[00:10:21.160 – 00:10:21.780] Ini dah bukan

[00:10:22.680 – 00:10:23.200] Tourism

[00:10:23.200 – 00:10:24.540] Macam kita buat company travel agency

[00:10:24.540 – 00:10:25.840] Ini dah sampai level

[00:10:26.520 – 00:10:27.040] Leisure

[00:10:27.040 – 00:10:28.160] Property development

[00:10:28.160 – 00:10:28.900] Dia macam-macam

[00:10:28.900 – 00:10:29.320] That's why

[00:10:29.320 – 00:10:30.880] Susah juga untuk kita tengok

[00:10:30.880 – 00:10:31.980] Stagadar kat sini sahaja

[00:10:31.980 – 00:10:33.080] Kita kena tengok

[00:10:33.080 – 00:10:34.040] Company yang lebih kurang

[00:10:34.040 – 00:10:34.740] Sambung macam kita

[00:10:34.740 – 00:10:35.320] Berapa

[00:10:35.320 – 00:10:36.160] Dia

[00:10:37.020 – 00:10:37.540] Valuation

[00:10:37.540 – 00:10:38.200] Okay

[00:10:38.200 – 00:10:39.140] So jom kita sambung

[00:10:39.140 – 00:10:39.780] Again guys

[00:10:39.780 – 00:10:41.120] Saya bukanlah orang finance sangat

[00:10:41.120 – 00:10:41.700] Ni saya ajar

[00:10:41.700 – 00:10:43.400] Ilmu kampung yang saya tahu je lah

[00:10:43.400 – 00:10:44.220] Okay next

[00:10:44.220 – 00:10:45.000] Kita ada pula

[00:10:45.000 – 00:10:46.240] Dipanggil sebagai

[00:10:47.320 – 00:10:48.360] Revenue valuation

[00:10:48.360 – 00:10:49.660] Ini baru daripada sale

[00:10:50.420 – 00:10:50.940] Revenue

[00:10:50.940 – 00:10:51.980] PV, RV

[00:10:53.660 – 00:10:54.860] Revenue, Valuation

[00:10:54.860 – 00:10:56.140] Benda-benda Valuation

[00:10:56.140 – 00:10:58.840] Jadi, kita darab pula daripada

[00:10:58.840 – 00:11:00.060] Sale, ni beza

[00:11:00.060 – 00:11:02.200] Yang tadi kita darab daripada

[00:11:03.540 – 00:11:04.880] Profit, yang ni darab

[00:11:04.880 – 00:11:06.720] Daripada Revenue, katalah

[00:11:06.720 – 00:11:09.040] Untung kita tengok kat situ, Standard Revenue

[00:11:09.040 – 00:11:10.560] Tak luar-bawah ni, boleh tengok

[00:11:10.560 – 00:11:13.080] Taxas, 5 kali ganda

[00:11:13.080 – 00:11:14.860] Revenue, dia darab lagi

[00:11:14.860 – 00:11:16.920] Sikit, contohnya

[00:11:16.920 – 00:11:18.620] Macam tax tadi tu, kalau profit darab

[00:11:18.620 – 00:11:20.800] 15, 20, Revenue darab

[00:11:20.800 – 00:11:22.660] 5 je. Maksudnya apa? Katakanlah

[00:11:22.660 – 00:11:24.800] sale dia RM

[00:11:24.800 – 00:11:27.060] 100k. Berapa kita nak value

[00:11:27.060 – 00:11:27.600] darat 5?

[00:11:28.660 – 00:11:30.520] Dapatkan 500k. Itu example.

[00:11:30.960 – 00:11:32.780] Tetapi, badan ni subjek juga. Kalau

[00:11:32.780 – 00:11:34.620] katalah dia dah audit, tengoklah

[00:11:34.620 – 00:11:36.100] profit tak ada. Pun tak ok juga.

[00:11:36.880 – 00:11:38.760] Consumer goods, nampak? Ni lagi drop lah.

[00:11:38.980 – 00:11:40.720] Compare dengan yang ni. Yang ni consumer

[00:11:40.720 – 00:11:42.660] goods ni 10 kali ganda,

[00:11:42.900 – 00:11:44.800] 15 kali ganda. Yang ni premium consumer

[00:11:44.800 – 00:11:46.760] goods 2 ke 4 kali ganda, industri. Dia lagi drop

[00:11:46.760 – 00:11:48.540] sebab jarang lah orang nak guna ni.

[00:11:49.700 – 00:11:51.020] Revenue punya base ni

[00:11:51.020 – 00:11:52.720] Dan last kali DCF

[00:11:52.720 – 00:11:54.140] Okay by the way guys

[00:11:54.140 – 00:11:55.040] Ini basic je tau

[00:11:55.040 – 00:11:56.020] Dia ada banyak lagi cara

[00:11:56.020 – 00:11:58.040] Dan even DCF ni pun

[00:11:58.040 – 00:11:59.560] Still lagi basic

[00:11:59.560 – 00:12:00.620] Dia ada banyak-banyak lagi cara

[00:12:00.620 – 00:12:01.200] That's why

[00:12:01.200 – 00:12:02.680] Saya tak boleh nak ajar semua

[00:12:02.680 – 00:12:03.320] Saya just share

[00:12:03.320 – 00:12:04.120] At least awak ada

[00:12:05.000 – 00:12:06.020] Sedikit ilmu lah

[00:12:06.020 – 00:12:07.460] Untuk bila kita nak borak-borak

[00:12:07.460 – 00:12:08.340] Nak pasal nak jual company

[00:12:08.340 – 00:12:09.020] DCF

[00:12:09.020 – 00:12:09.680] DCF ni adalah

[00:12:09.680 – 00:12:10.600] Discounted Cashflow

[00:12:10.600 – 00:12:11.380] Maksudnya

[00:12:11.380 – 00:12:12.940] Berapa duit yang akan ada ke depan

[00:12:12.940 – 00:12:13.800] Dia discountkan balik

[00:12:14.500 – 00:12:15.500] Ni formula dia

[00:12:15.500 – 00:12:16.880] Sebab tu saya tunjuk je formula ni

[00:12:16.880 – 00:12:17.960] Maksudnya nak kata pening

[00:12:18.900 – 00:12:20.660] free cash flow pada bulan depan

[00:12:20.660 – 00:12:22.240] tambah dengan R

[00:12:22.240 – 00:12:24.680] darab dengan terminal value tambah R

[00:12:24.680 – 00:12:25.360] ni berapa

[00:12:26.940 – 00:12:29.000] free cash flow yang ada ke depan

[00:12:29.000 – 00:12:30.760] darab dengan berapa tahun ke depan

[00:12:30.760 – 00:12:31.700] kita kira 10 tahun

[00:12:31.700 – 00:12:34.060] so dia akan didiskaunkan balik

[00:12:34.060 – 00:12:34.860] katalah dia kira ok

[00:12:34.860 – 00:12:36.780] duit yang akan ada free flow ke depan

[00:12:36.780 – 00:12:37.620] dalam sekitar 10 juta

[00:12:37.620 – 00:12:38.720] lepas tu dia cuba diskaunkan lagi

[00:12:38.720 – 00:12:40.400] ok kita ambil diskaunt 30%

[00:12:40.400 – 00:12:42.500] dapatlah 7 juta valuation contohnya

[00:12:42.500 – 00:12:44.180] so benda ni memang ada

[00:12:44.180 – 00:12:45.000] valuer

[00:12:45.000 – 00:12:46.120] orang yang memang buat

[00:12:46.120 – 00:12:47.020] company audit

[00:12:47.020 – 00:12:47.820] Ataupun

[00:12:49.100 – 00:12:50.180] Company valuation

[00:12:50.180 – 00:12:51.580] Dia memang kerja dia buat bendalah ni

[00:12:51.580 – 00:12:53.140] So kita akan hire dia

[00:12:53.140 – 00:12:54.220] Untuk buat proper valuation

[00:12:54.220 – 00:12:56.140] Dan harga company ni guys

[00:12:56.140 – 00:12:56.960] Dia adalah

[00:12:56.960 – 00:12:58.360] Win-win situation dia

[00:12:58.360 – 00:12:59.780] Dia win-win

[00:12:59.780 – 00:13:00.800] Setuju sama setuju

[00:13:00.800 – 00:13:01.460] Awak kena faham

[00:13:02.440 – 00:13:03.820] Katakanlah saya jual pen ni

[00:13:03.820 – 00:13:04.420] Dengan harga RM10

[00:13:04.420 – 00:13:05.320] Awak setuju

[00:13:05.320 – 00:13:06.160] RM10 lah harga dia

[00:13:06.160 – 00:13:07.080] Saya jual harga RM1000

[00:13:07.080 – 00:13:08.160] Saya kata pen ni

[00:13:08.160 – 00:13:09.880] Design oleh Tunku Abdul Rahman

[00:13:09.880 – 00:13:11.400] Sewaktu kemerdekaan Malaysia

[00:13:11.400 – 00:13:12.220] Iconic pen ni

[00:13:12.220 – 00:13:13.420] Nampak ada sign lagi

[00:13:13.420 – 00:13:14.160] Ada date lagi

[00:13:15.020 – 00:13:15.560] RM1957

[00:13:16.380 – 00:13:18.500] Harga dia RM37,000

[00:13:18.500 – 00:13:18.940] Saya nak jual

[00:13:18.940 – 00:13:20.940] Harga dia RM150,000

[00:13:20.940 – 00:13:21.720] Eh awak beli

[00:13:21.720 – 00:13:24.440] So nilai dia RM150,000 lah contoh ni

[00:13:24.440 – 00:13:25.500] Sebab sama macam apa ni

[00:13:25.500 – 00:13:27.260] Yang penting dua-dua pihak setuju

[00:13:27.860 – 00:13:29.720] Seller dengan buyer kena setuju

[00:13:29.720 – 00:13:30.640] Itu je akad dia

[00:13:31.840 – 00:13:33.480] Kalau buyer kata setuju

[00:13:33.480 – 00:13:35.640] Dia belilah dengan harga RM10,000,000 yang kita jual dari tu

[00:13:35.640 – 00:13:37.340] Tapi kalau buyer pula dia audit kata

[00:13:37.340 – 00:13:38.260] Eh aku tak nak beli lah

[00:13:38.260 – 00:13:39.520] Malah aku beli

[00:13:39.520 – 00:13:41.240] Siapa yang pegang kuasa sebenarnya

[00:13:42.040 – 00:13:43.360] Yang pegang kuasa buyer

[00:13:45.380 – 00:13:47.200] So, cara dia untuk awak buat

[00:13:47.200 – 00:13:48.260] Awak pegang kuasa

[00:13:48.260 – 00:13:48.920] Pastikan

[00:13:48.920 – 00:13:50.160] Awak dapat

[00:13:50.160 – 00:13:51.220] 5 offer

[00:13:53.330 – 00:13:54.410] Paling sikit 3 lah

[00:13:55.270 – 00:13:56.950] So, awak pegang kuasa pula

[00:13:56.950 – 00:13:58.230] Tapi kalau tak nak beli

[00:13:58.230 – 00:13:59.710] Saya ada lagi 2-3 ke tempat nak beli

[00:13:59.710 – 00:14:00.390] Nak jual ni

[00:14:01.070 – 00:14:02.830] So, dia ada 4 more dekat buyer ni

[00:14:02.830 – 00:14:04.090] So, disebabkan buyer ni 4 more

[00:14:04.090 – 00:14:04.990] Dia beli contoh ni

[00:14:04.990 – 00:14:06.470] Fear of missing out

[00:14:06.470 – 00:14:07.150] 4 more

[00:14:07.910 – 00:14:09.310] So, itu adalah DCF eh

[00:14:09.310 – 00:14:10.370] Malayak telah lah formula dia

[00:14:10.370 – 00:14:11.070] Ok

[00:14:11.070 – 00:14:11.770] Dan

[00:14:11.770 – 00:14:13.410] 5 cara nak exit ni guys

[00:14:13.410 – 00:14:13.870] Sebenarnya

[00:14:13.870 – 00:14:15.110] kita ada banyak cara

[00:14:15.110 – 00:14:16.550] lima-lima cara ni

[00:14:16.550 – 00:14:16.810] ok

[00:14:16.810 – 00:14:18.050] kita go through kat sini lah

[00:14:18.790 – 00:14:19.990] cara pertama adalah

[00:14:19.990 – 00:14:20.570] trade sale

[00:14:20.570 – 00:14:21.830] trade sale ni maksudnya

[00:14:21.830 – 00:14:23.370] company buat full acquisition

[00:14:23.370 – 00:14:24.850] kita jual company

[00:14:24.850 – 00:14:25.950] 100% kepada

[00:14:25.950 – 00:14:26.710] pembeli lain

[00:14:26.710 – 00:14:27.490] contohnya

[00:14:27.490 – 00:14:28.590] ada company

[00:14:28.590 – 00:14:29.770] dia company

[00:14:29.770 – 00:14:31.110] car wash

[00:14:31.110 – 00:14:32.130] dia nak beli

[00:14:32.130 – 00:14:32.970] satu company ni

[00:14:32.970 – 00:14:34.050] dia buat sabun

[00:14:34.050 – 00:14:35.310] so dia acquire

[00:14:35.310 – 00:14:36.590] company buat sabun tu

[00:14:36.590 – 00:14:36.910] sebab

[00:14:36.910 – 00:14:38.390] dia tak nak buat sabun sendiri

[00:14:38.390 – 00:14:39.430] so dia nak guna

[00:14:39.430 – 00:14:40.610] sabun daripada company

[00:14:40.610 – 00:14:41.510] yang dia baru beli tu

[00:14:41.510 – 00:14:42.430] contoh macam

[00:14:42.430 – 00:14:43.350] Facebook beli

[00:14:43.350 – 00:14:43.670] WhatsApp

[00:14:44.490 – 00:14:46.470] Facebook beli Snapchat contohnya

[00:14:46.470 – 00:14:48.150] Elon Musk dia beli Tesla

[00:14:48.150 – 00:14:49.330] Dia full acquisition juga

[00:14:49.330 – 00:14:50.830] Tapi tak ada kaitan lah kan

[00:14:50.830 – 00:14:52.910] Tesla dengan Twitter

[00:14:52.910 – 00:14:53.630] Apa kaitan lah

[00:14:53.630 – 00:14:54.750] Mungkin oh kaitan dia adalah

[00:14:54.750 – 00:14:56.650] Elon Musk senang nak post kat Twitter lepas ni

[00:14:56.650 – 00:14:58.310] Tak kena ban sebab dia punya platform sendiri

[00:14:58.310 – 00:14:59.370] Mungkin ada value X tu

[00:14:59.370 – 00:15:01.730] So trade sale ataupun full acquisition ni

[00:15:01.730 – 00:15:02.710] Kita jual 100%

[00:15:02.710 – 00:15:03.890] Ataupun partial exit

[00:15:04.730 – 00:15:05.570] Jual separuh

[00:15:05.570 – 00:15:06.910] Jual sikit lah

[00:15:06.910 – 00:15:09.510] Tapi kita masih kekal sebagai pemilik minority

[00:15:14.170 – 00:15:15.590] Minority ya bukan majority dah

[00:15:15.590 – 00:15:16.490] So kita dah exit

[00:15:16.490 – 00:15:18.630] kita bagi kepada penjual baru

[00:15:18.630 – 00:15:20.390] tapi penjual yang baru tu dia buat syarat

[00:15:20.390 – 00:15:21.090] dia nak kita ada

[00:15:21.090 – 00:15:22.610] at least kita boleh tolong monitor

[00:15:23.670 – 00:15:24.570] tolong guide dia

[00:15:24.570 – 00:15:25.390] ataupun tolong

[00:15:25.990 – 00:15:27.210] tolong grow sama-sama lah

[00:15:27.210 – 00:15:28.510] dalam kadang kita terima dividend

[00:15:28.510 – 00:15:30.130] and then management buyout

[00:15:30.130 – 00:15:31.650] ini jual kepada staff sediada

[00:15:31.650 – 00:15:33.430] jual kepada partner sediada

[00:15:33.430 – 00:15:33.890] MBO

[00:15:33.890 – 00:15:35.690] maksudnya tim pengurusan sediada

[00:15:35.690 – 00:15:36.410] yang beli saham

[00:15:36.410 – 00:15:37.870] daripada kita jual pada orang luar

[00:15:37.870 – 00:15:38.450] partial exit

[00:15:38.450 – 00:15:39.450] tak tahu apa cerita

[00:15:39.450 – 00:15:40.570] sekarang dia pergi merosak company

[00:15:40.570 – 00:15:41.890] jual pada orang dalam

[00:15:42.470 – 00:15:43.370] ataupun IPO

[00:15:43.370 – 00:15:44.770] yang ni maksud bursa saham

[00:15:44.770 – 00:15:45.970] bursa saham ni pula

[00:15:45.970 – 00:15:46.550] ada dua papan

[00:15:47.570 – 00:15:48.670] papan main bot

[00:15:48.670 – 00:15:49.550] dengan ace bot

[00:15:50.070 – 00:15:51.130] saya pun baru belajar

[00:15:51.130 – 00:15:51.690] dengan sini kat

[00:15:51.690 – 00:15:52.890] saya tengah belajar

[00:15:52.890 – 00:15:53.530] dengan partner saya

[00:15:53.530 – 00:15:54.450] dia memang ada pengalaman

[00:15:54.450 – 00:15:54.790] kat sini

[00:15:54.790 – 00:15:55.950] jadi saya tengah

[00:15:55.950 – 00:15:56.890] belajar dengan dia lah

[00:15:56.890 – 00:15:57.470] main bot

[00:15:58.110 – 00:15:59.090] bot yang utama

[00:15:59.090 – 00:15:59.950] dengan ace bot

[00:15:59.950 – 00:16:00.410] ok

[00:16:00.410 – 00:16:01.230] apa beza dia

[00:16:01.230 – 00:16:02.170] main bot ni

[00:16:02.170 – 00:16:03.290] company-company yang top lah

[00:16:03.290 – 00:16:04.650] yang bila dia IPO tu

[00:16:04.650 – 00:16:04.950] memang

[00:16:04.950 – 00:16:06.290] valuation dia tinggi

[00:16:06.290 – 00:16:06.950] yang ni yang

[00:16:06.950 – 00:16:08.450] yang kira macam SME

[00:16:08.450 – 00:16:09.330] company-company kecil-kecil

[00:16:09.330 – 00:16:10.830] yang bila dia public listed

[00:16:10.830 – 00:16:11.690] dia pergi dekat ace bot

[00:16:12.290 – 00:16:13.130] papan utama

[00:16:13.130 – 00:16:14.330] dengan papan nombor 2 lah

[00:16:15.090 – 00:16:15.950] dan macam mana

[00:16:15.950 – 00:16:17.930] nak IPO ni guys, saya share simple formula

[00:16:17.930 – 00:16:19.990] syarat nak IPO ni sebenarnya

[00:16:19.990 – 00:16:21.870] 3 tahun

[00:16:21.870 – 00:16:23.690] equal

[00:16:23.690 – 00:16:26.010] 20 juta profit

[00:16:26.010 – 00:16:27.350] net profit

[00:16:29.080 – 00:16:30.300] PAT

[00:16:30.300 – 00:16:32.520] P

[00:16:32.520 – 00:16:35.020] bukan PBT, PAT

[00:16:35.020 – 00:16:36.720] PAT

[00:16:36.720 – 00:16:39.580] equal profit

[00:16:39.580 – 00:16:41.200] after

[00:16:41.200 – 00:16:42.580] masuk N

[00:16:42.580 – 00:16:47.060] 20 juta

[00:16:47.060 – 00:16:49.720] T kata lain, katalah awak ada satu graf

[00:16:49.720 – 00:16:50.880] Graf awak mungkin

[00:16:50.880 – 00:16:53.220] Dia nak 3 tahun berturut-turut

[00:16:53.220 – 00:16:55.540] Katalah ni tahun 2025

[00:16:55.540 – 00:16:57.720] Tahun ni, 2026

[00:16:58.520 – 00:16:59.120] 2027

[00:17:00.220 – 00:17:01.780] Katalah sini 3 juta

[00:17:01.780 – 00:17:04.080] 5 juta, 7 juta

[00:17:05.200 – 00:17:05.800] Boom

[00:17:05.800 – 00:17:06.820] Awak dapat sini

[00:17:07.460 – 00:17:08.400] 3 juta

[00:17:12.310 – 00:17:14.350] Tahun seterusnya, 2026

[00:17:15.190 – 00:17:16.350] Boom, kat sini

[00:17:17.470 – 00:17:19.370] So, investor dah boleh

[00:17:19.370 – 00:17:20.410] buat satu prediction

[00:17:20.410 – 00:17:22.590] kalau ikut daripada target ni

[00:17:23.130 – 00:17:24.550] katalah tahun sebelumnya

[00:17:24.550 – 00:17:25.630] kat sini lah

[00:17:26.510 – 00:17:27.030] kan

[00:17:27.890 – 00:17:29.030] kalau dia ikut kat sini

[00:17:29.590 – 00:17:30.710] dia pergi ke sini

[00:17:31.610 – 00:17:32.890] dan investor boleh buat

[00:17:32.890 – 00:17:33.770] satu projection

[00:17:33.770 – 00:17:34.890] mungkin tuan depan

[00:17:34.890 – 00:17:35.490] dia akan pergi ke

[00:17:35.490 – 00:17:35.910] sini

[00:17:37.210 – 00:17:37.730] so

[00:17:37.730 – 00:17:39.590] paling cepat awak nak IPO

[00:17:39.590 – 00:17:40.730] kalau awak ada boleh buat

[00:17:40.730 – 00:17:41.750] dalam masa 2 tahun

[00:17:41.750 – 00:17:42.830] at least ada 2 graph

[00:17:43.770 – 00:17:45.030] yang boleh justify

[00:17:45.030 – 00:17:45.310] macam

[00:17:45.310 – 00:17:45.590] uish

[00:17:45.590 – 00:17:46.730] macam trend naik lah ni

[00:17:47.390 – 00:17:48.730] buyer dah boleh nak beli lah ni

[00:17:48.730 – 00:17:49.870] So sebab apa

[00:17:49.870 – 00:17:51.330] 3 juta

[00:17:51.330 – 00:17:52.190] Campur

[00:17:52.190 – 00:17:53.190] 5 juta

[00:17:53.190 – 00:17:54.610] Campur 7 juta

[00:17:54.610 – 00:17:55.310] Berapa dapat

[00:17:58.090 – 00:17:59.230] 5

[00:17:59.230 – 00:17:59.670] 7

[00:17:59.670 – 00:18:00.870] 15 juta

[00:18:02.170 – 00:18:03.090] So nampak

[00:18:03.090 – 00:18:04.390] Lebih kurang 20 juta

[00:18:04.390 – 00:18:05.570] 20 juta ni sweet spot dia

[00:18:05.570 – 00:18:07.170] Tapi ada je company yang

[00:18:07.170 – 00:18:07.950] Serendah macam ni pun

[00:18:07.950 – 00:18:08.690] Dia dah boleh IPO dah

[00:18:08.690 – 00:18:10.510] Katalah company berbeza pulak

[00:18:10.510 – 00:18:10.930] Tiba-tiba

[00:18:10.930 – 00:18:11.710] Dia

[00:18:12.530 – 00:18:13.830] Kita buat graph lain lah

[00:18:13.830 – 00:18:15.430] Dia stable

[00:18:16.390 – 00:18:17.630] Stable orang tak nak invest

[00:18:17.630 – 00:18:18.450] Boom naik

[00:18:18.450 – 00:18:19.270] Boom naik

[00:18:19.270 – 00:18:21.110] So orang nak invest

[00:18:21.110 – 00:18:21.970] Pada kenaikan

[00:18:21.970 – 00:18:23.250] Dan pada

[00:18:23.250 – 00:18:24.730] Momen dia kenaikan tu

[00:18:24.730 – 00:18:25.330] Dekat part ni

[00:18:26.170 – 00:18:27.270] Selama 3 tahun

[00:18:27.270 – 00:18:27.570] Macam tu

[00:18:27.570 – 00:18:28.370] Dia nak tengok trend tu

[00:18:28.370 – 00:18:29.510] Dia dah macam boleh

[00:18:29.510 – 00:18:30.170] Ke arah 20

[00:18:30.170 – 00:18:31.070] 20 juta

[00:18:31.070 – 00:18:31.530] 20 juta

[00:18:32.210 – 00:18:33.730] So itu je sebenarnya

[00:18:33.730 – 00:18:35.590] Dan awak kena ada reason lah

[00:18:35.590 – 00:18:36.530] Kenapa awak nak IPO

[00:18:36.530 – 00:18:37.370] Oh rupanya

[00:18:37.370 – 00:18:38.850] Saya berjaya IPO ni

[00:18:38.850 – 00:18:39.450] Ataupun sorry

[00:18:39.450 – 00:18:40.770] Kenapa awak boleh naikkan sale

[00:18:40.770 – 00:18:42.110] Sebab ok rupanya awak dah

[00:18:42.110 – 00:18:43.430] Ada merge satu company

[00:18:43.430 – 00:18:44.650] Awak gunakan AI

[00:18:44.650 – 00:18:45.250] Rupanya

[00:18:45.250 – 00:18:46.790] Dia kena ada satu story lah

[00:18:46.790 – 00:18:47.790] Yang investor buy

[00:18:47.790 – 00:18:48.730] Oh betul lah

[00:18:48.730 – 00:18:50.550] So orang buy based on apa

[00:18:50.550 – 00:18:51.370] Investor

[00:18:52.030 – 00:18:52.850] Dia beli

[00:18:54.890 – 00:18:55.390] Investor

[00:18:55.390 – 00:18:55.950] Dia beli apa

[00:18:57.830 – 00:18:58.330] Beli

[00:18:59.470 – 00:18:59.970] Future

[00:19:01.550 – 00:19:02.050] Growth

[00:19:03.290 – 00:19:04.210] So, kena faham

[00:19:05.510 – 00:19:06.950] Banyak orang yang nak jual company

[00:19:06.950 – 00:19:08.110] Company yang nak mampus

[00:19:08.110 – 00:19:08.790] Buat apa saya beli

[00:19:08.790 – 00:19:09.930] Kenapa nak beli company

[00:19:09.930 – 00:19:10.750] Nak mati

[00:19:10.750 – 00:19:12.290] Kita beli company

[00:19:12.290 – 00:19:13.970] Yang ada potential

[00:19:13.970 – 00:19:15.130] Untuk future growth

[00:19:15.130 – 00:19:16.570] Dan nak tengok trend growth

[00:19:16.570 – 00:19:17.310] Itu biasa 2 tahun

[00:19:17.310 – 00:19:17.830] Paling cepat

[00:19:17.830 – 00:19:18.830] Sebab tu nak IPO pun

[00:19:18.830 – 00:19:19.610] Even IPO lah

[00:19:19.610 – 00:19:20.170] Ni IPO

[00:19:20.170 – 00:19:21.410] Makan masa

[00:19:21.410 – 00:19:23.090] Biasanya orang daripada kosong

[00:19:23.090 – 00:19:23.650] Nak IPO ni

[00:19:23.650 – 00:19:25.450] Dia kena design financial roadmap dia

[00:19:25.450 – 00:19:26.130] Dalam sekitar

[00:19:26.970 – 00:19:28.490] 6 tahun lah biasanya

[00:19:28.490 – 00:19:29.550] Untuk IPO

[00:19:30.410 – 00:19:32.230] Ni anggap lah daripada kosong

[00:19:33.390 – 00:19:34.110] Daripada

[00:19:34.110 – 00:19:35.290] Seed round

[00:19:35.290 – 00:19:36.990] Co-founders round

[00:19:36.990 – 00:19:38.350] Lepas tu founders round

[00:19:38.350 – 00:19:39.490] Sorry founders round

[00:19:39.490 – 00:19:40.390] Co-founders round

[00:19:40.390 – 00:19:41.570] Dia ada beberapa round lah

[00:19:41.570 – 00:19:42.230] Untuk IPO ni

[00:19:43.070 – 00:19:43.790] Contohnya

[00:19:43.790 – 00:19:45.130] Mula-mula dia ada

[00:19:45.130 – 00:19:46.830] Founders round

[00:19:46.830 – 00:19:48.730] Terletak duit kita sendiri

[00:19:48.730 – 00:19:49.610] Modal 10,000

[00:19:50.650 – 00:19:52.070] lepas tu kita ada co-founder

[00:19:52.070 – 00:19:53.430] co-founder ni pula

[00:19:53.430 – 00:19:56.290] kita buka kepada 10 orang sahaja

[00:19:57.210 – 00:19:59.190] mungkin time tu kita dah inject 100k

[00:19:59.190 – 00:20:00.770] yang ni mungkin ada 2 orang je masuk

[00:20:00.770 – 00:20:02.650] yang ni dah ada 10 orang pula masuk

[00:20:02.650 – 00:20:04.510] ni sahabat-sahabat kawan-kawan kita

[00:20:04.510 – 00:20:05.550] yang kita nak ajak dia sekali

[00:20:05.550 – 00:20:06.510] kita jual share kita

[00:20:06.510 – 00:20:08.250] yang ni kita own 100%

[00:20:08.790 – 00:20:10.050] kat sini kita jual pula

[00:20:10.050 – 00:20:12.130] another 10%

[00:20:12.130 – 00:20:12.510] tu hanya

[00:20:12.510 – 00:20:13.350] release

[00:20:13.350 – 00:20:14.730] dengan 100k

[00:20:14.730 – 00:20:16.010] so value company kat sini

[00:20:16.010 – 00:20:17.810] kalau dia beli dengan 100k

[00:20:17.810 – 00:20:19.490] 10% adalah 1M lah

[00:20:20.470 – 00:20:22.090] padahal kalau ikut daripada sini ke sini

[00:20:23.030 – 00:20:24.310] ni, sini ke sini ni

[00:20:24.310 – 00:20:25.590] baru 9 bulan

[00:20:26.870 – 00:20:27.670] lebih kurang lah

[00:20:27.670 – 00:20:29.850] lepas tu dia akan pergi pulak kepada

[00:20:30.970 – 00:20:32.030] mungkin seat round

[00:20:33.550 – 00:20:34.010] seat

[00:20:35.230 – 00:20:36.410] mungkin dia akan pergi pulak

[00:20:36.410 – 00:20:38.190] kepada, saya dah lupa dah dulu

[00:20:38.190 – 00:20:40.070] seat round ni, angel

[00:20:40.070 – 00:20:41.630] angel akan masuk, angel investor

[00:20:42.350 – 00:20:43.930] lepas tu VC akan masuk

[00:20:43.930 – 00:20:46.310] lepas VC masuk, PE akan masuk

[00:20:46.770 – 00:20:48.510] lepas PE masuk, IB akan masuk

[00:20:49.590 – 00:20:50.890] lepas tu kat sini IPO

[00:20:52.960 – 00:20:54.900] sit round ni still lagi duit-duit

[00:20:54.900 – 00:20:56.700] duit-duit kecil lah, mungkin kita tambah lagi

[00:20:56.700 – 00:20:58.560] nak ada 100k lagi ke kat sini

[00:20:58.560 – 00:21:00.960] let go 5%, angel

[00:21:00.960 – 00:21:02.960] angel investor ni adalah orang yang

[00:21:02.960 – 00:21:04.700] invest tapi dia orang individu

[00:21:05.560 – 00:21:06.920] orang tu sorang-sorang, dia macam

[00:21:06.920 – 00:21:09.100] saya ada duit 100 juta, saya invest

[00:21:09.100 – 00:21:10.920] duit saya sikit lah, 500k ke

[00:21:10.920 – 00:21:12.800] 1 juta, so dia masuk angel kat sini

[00:21:13.700 – 00:21:14.840] mungkin dia ambil high risk

[00:21:14.840 – 00:21:17.040] dia nak own 10%, so

[00:21:17.040 – 00:21:18.880] kita dah let go 25% lah contohnya

[00:21:19.900 – 00:21:21.160] Tapi valuation naik lah

[00:21:21.160 – 00:21:21.980] Sebab dia beli sikit

[00:21:21.980 – 00:21:22.680] Dengan harga yang mahal

[00:21:22.680 – 00:21:23.680] Valuation company dah

[00:21:23.680 – 00:21:24.500] 5M dah kat sini

[00:21:25.280 – 00:21:26.400] VC pula

[00:21:26.400 – 00:21:27.300] Venture capitalist

[00:21:28.100 – 00:21:29.040] Venture capitalist

[00:21:29.040 – 00:21:29.360] VC

[00:21:29.360 – 00:21:30.280] VC ni adalah company

[00:21:30.280 – 00:21:30.860] Yang growth

[00:21:30.860 – 00:21:32.560] Yang invest pada early stage

[00:21:32.560 – 00:21:33.860] Angel lagi early lah

[00:21:33.860 – 00:21:34.560] Angel lagi

[00:21:34.560 – 00:21:35.580] Got feeling je

[00:21:35.580 – 00:21:36.140] Dia tengok

[00:21:36.140 – 00:21:36.800] Bagus budak ni

[00:21:36.800 – 00:21:37.360] Boom invest

[00:21:37.360 – 00:21:38.220] Macam tu lah level

[00:21:38.220 – 00:21:39.760] VC mungkin invest

[00:21:39.760 – 00:21:40.240] Banyak sikit

[00:21:40.240 – 00:21:40.960] Mungkin 2M dah

[00:21:40.960 – 00:21:43.400] Untuk nilai 5%

[00:21:43.400 – 00:21:44.740] Je dia ambil contohnya

[00:21:44.740 – 00:21:45.920] So valuation company

[00:21:45.920 – 00:21:46.780] Kat sini dah berapa dah

[00:21:47.900 – 00:21:48.700] Dah jadi

[00:21:48.700 – 00:21:49.840] 40 juta

[00:21:49.840 – 00:21:51.480] tiba-tiba jadi 40 juta

[00:21:51.480 – 00:21:52.340] satu VC masuk

[00:21:53.620 – 00:21:55.740] katalah VC masuk 10%

[00:21:56.480 – 00:21:57.620] value company kat sini

[00:21:57.620 – 00:21:58.620] dah jadi 20 juta

[00:21:59.500 – 00:22:00.680] PE pula masuk

[00:22:00.680 – 00:22:01.560] private equity

[00:22:01.560 – 00:22:02.440] private equity ni adalah

[00:22:02.440 – 00:22:04.160] private equity ni adalah

[00:22:04.160 – 00:22:05.420] company-company yang invest

[00:22:05.420 – 00:22:06.260] yang ada data

[00:22:06.260 – 00:22:08.240] VC dia invest pada

[00:22:08.240 – 00:22:08.980] potential juga

[00:22:08.980 – 00:22:10.940] PE ni private equity

[00:22:10.940 – 00:22:12.140] dia adalah company

[00:22:12.140 – 00:22:13.080] yang beli pada stage

[00:22:13.080 – 00:22:13.660] yang lebih matang

[00:22:14.780 – 00:22:16.180] so PE beli

[00:22:16.180 – 00:22:17.080] private equity ni

[00:22:17.080 – 00:22:17.720] lagi besar lah

[00:22:17.720 – 00:22:18.940] dia injak 10 juta

[00:22:20.320 – 00:22:21.260] Dengan valuation

[00:22:21.980 – 00:22:22.780] 5%

[00:22:22.780 – 00:22:23.840] Dia beli 10 juta

[00:22:23.840 – 00:22:25.520] So valuation company kat sini

[00:22:25.520 – 00:22:27.080] Dah jadi 200 juta

[00:22:28.700 – 00:22:29.360] Ambil kau

[00:22:30.520 – 00:22:31.320] Lepas tu IB

[00:22:31.320 – 00:22:32.160] Investment banking

[00:22:32.160 – 00:22:33.420] Medbank start masuk

[00:22:34.180 – 00:22:35.260] Kazanah start masuk

[00:22:35.260 – 00:22:35.980] Semua kat sini lah

[00:22:35.980 – 00:22:37.200] So Medbank

[00:22:37.200 – 00:22:37.860] Inject lagi yang ada

[00:22:37.860 – 00:22:38.500] 30 juta

[00:22:39.460 – 00:22:40.360] Dengan valuation

[00:22:40.360 – 00:22:41.160] 5% je dia beli

[00:22:41.160 – 00:22:41.960] Sikit-sikit je lebih

[00:22:41.960 – 00:22:43.480] Ada yang exit dah kat sini

[00:22:44.040 – 00:22:45.540] So kat sini katakanlah

[00:22:45.540 – 00:22:46.880] Valuation company

[00:22:46.880 – 00:22:47.300] Dah pergi

[00:22:47.300 – 00:22:48.000] 600 juta

[00:22:49.200 – 00:22:50.700] Bila dia pergi je IPO

[00:22:50.700 – 00:22:51.080] Boom

[00:22:51.080 – 00:22:52.140] IPO 1B

[00:22:52.140 – 00:22:52.800] Contohnya

[00:22:52.800 – 00:22:53.700] 1.5B

[00:22:53.700 – 00:22:54.880] Ini projek besar lah

[00:22:54.880 – 00:22:56.160] Sampai masuk 600 juta ni

[00:22:56.160 – 00:22:56.780] Kaw-kawan

[00:22:56.780 – 00:22:58.060] Okay

[00:22:58.060 – 00:22:58.600] Point dia

[00:22:58.600 – 00:22:59.980] Setiap satu jarak

[00:22:59.980 – 00:23:01.180] Antara bulan-bulan ni

[00:23:01.180 – 00:23:01.920] Sebenarnya dalam

[00:23:01.920 – 00:23:04.600] 9 ke 12 bulan sahaja

[00:23:04.600 – 00:23:04.980] Sebenarnya

[00:23:04.980 – 00:23:06.360] Sebab tu saya kata

[00:23:06.360 – 00:23:07.400] 6 tahun jadi tu

[00:23:08.380 – 00:23:09.500] 1 tahun

[00:23:09.500 – 00:23:10.520] 2 tahun

[00:23:10.520 – 00:23:11.400] 3 tahun

[00:23:11.400 – 00:23:13.340] 4 tahun

[00:23:13.340 – 00:23:14.420] 5 tahun

[00:23:14.420 – 00:23:15.680] 6 tahun

[00:23:15.680 – 00:23:16.400] Mungkin 7

[00:23:16.400 – 00:23:17.140] Dia macam tu lah

[00:23:17.140 – 00:23:18.700] Ataupun kalau 9 bulan

[00:23:18.700 – 00:23:19.040] Lagi cepat

[00:23:19.040 – 00:23:19.300] Lagi cepat

[00:23:19.300 – 00:23:19.560] Lagi cepat

[00:23:19.560 – 00:23:20.320] Sebab

[00:23:20.320 – 00:23:21.480] Setiap orang ni

[00:23:21.480 – 00:23:22.000] Dia nak exit

[00:23:22.000 – 00:23:22.940] Sebab tu dia masuk duit

[00:23:22.940 – 00:23:24.700] Dia masuk 10%

[00:23:24.700 – 00:23:26.060] 10% dia ni dah grow

[00:23:26.060 – 00:23:26.660] Jadi berapa dah

[00:23:26.660 – 00:23:28.080] Oh Alhamdulillah

[00:23:28.080 – 00:23:29.140] Double duit aku

[00:23:30.060 – 00:23:31.100] Kalau dia hold lagi

[00:23:31.100 – 00:23:31.700] Co-founders ni

[00:23:31.700 – 00:23:32.160] Dia invest

[00:23:32.640 – 00:23:33.080] Wish

[00:23:33.820 – 00:23:34.260] Alhamdulillah

[00:23:34.260 – 00:23:35.960] Duit aku dah 5x

[00:23:35.960 – 00:23:36.340] Sekali kanda

[00:23:36.340 – 00:23:37.900] Orang yang ni pun happy juga

[00:23:37.900 – 00:23:38.960] Sit around ni

[00:23:39.540 – 00:23:40.420] Dia invest

[00:23:40.420 – 00:23:41.740] Tapi dekat sini

[00:23:41.740 – 00:23:42.920] Eh sama pula

[00:23:42.920 – 00:23:44.940] Kat sini

[00:23:44.940 – 00:23:46.160] Dia exit kat sini

[00:23:46.160 – 00:23:48.640] Duit dia invest 5%

[00:23:48.640 – 00:23:50.120] Tiba-tiba valuation company

[00:23:50.120 – 00:23:50.540] Oh

[00:23:50.540 – 00:23:51.480] Gila

[00:23:51.480 – 00:23:52.220] Buat hati aku ni

[00:23:52.220 – 00:23:54.160] Tiba-tiba valuation company 2 juta je

[00:23:54.160 – 00:23:55.360] Kat sini

[00:23:55.360 – 00:23:56.620] Value 2M je

[00:23:56.620 – 00:23:58.600] Sekali value next 10 kali ganda

[00:23:58.600 – 00:24:00.240] Duit dia jadi 10X

[00:24:00.240 – 00:24:01.360] Dia jual tak kat sini

[00:24:02.140 – 00:24:04.680] So 100 ribu return balik 1 juta

[00:24:04.680 – 00:24:05.700] 5 rat

[00:24:05.700 – 00:24:06.420] Haa

[00:24:06.420 – 00:24:06.620] Entah

[00:24:06.620 – 00:24:07.400] Faham tak

[00:24:07.400 – 00:24:08.120] Jadi that's why

[00:24:08.820 – 00:24:10.780] Orang yang paling kaya adalah investor

[00:24:11.500 – 00:24:12.460] Untuk buat

[00:24:12.460 – 00:24:13.580] 1 juta

[00:24:13.580 – 00:24:14.480] 3 juta

[00:24:14.480 – 00:24:16.060] Ambil masa tak sampai setahun

[00:24:16.060 – 00:24:17.940] Kalau awak duduk dalam

[00:24:17.940 – 00:24:19.020] Kenderaannya betul

[00:24:19.560 – 00:24:20.860] Sebab tu IPO ni guys

[00:24:20.860 – 00:24:22.780] Adalah tempat paling seksi

[00:24:22.780 – 00:24:23.500] Untuk exit

[00:24:23.500 – 00:24:24.820] Tapi paling kejam

[00:24:25.540 – 00:24:26.720] Sebab banyak orang

[00:24:26.720 – 00:24:27.840] Even hari tu saya jumpa

[00:24:27.840 – 00:24:28.560] Dengan

[00:24:29.260 – 00:24:30.440] Salah seorang ni lah

[00:24:30.440 – 00:24:31.100] Dia dah IPO

[00:24:31.100 – 00:24:32.780] Pada tahun 1990-an

[00:24:32.780 – 00:24:33.180] Dia kata

[00:24:33.180 – 00:24:35.100] Buat apa budak-budak muda ni

[00:24:35.100 – 00:24:35.920] Nak IPO ni

[00:24:35.920 – 00:24:36.960] Tak ada apa eh

[00:24:36.960 – 00:24:37.580] IPO ni

[00:24:37.580 – 00:24:38.800] Buat pening kepala

[00:24:38.800 – 00:24:40.380] Dia kata

[00:24:40.380 – 00:24:41.820] Dia pucuk oh ye ke datuk

[00:24:41.820 – 00:24:44.000] Yelah kita belajar dengan dia kan

[00:24:44.700 – 00:24:45.380] Jadi

[00:24:46.520 – 00:24:47.580] next pula adalah

[00:24:47.580 – 00:24:48.260] liquidation

[00:24:48.260 – 00:24:49.440] liquidation ni adalah

[00:24:49.440 – 00:24:50.160] awak tutup company

[00:24:50.160 – 00:24:51.660] pergi lah semua profit

[00:24:51.660 – 00:24:53.120] memang ada beberapa

[00:24:53.120 – 00:24:53.680] company baru ni

[00:24:53.680 – 00:24:54.600] saya liquidatkan dia

[00:24:54.600 – 00:24:55.740] saya jual je

[00:24:55.740 – 00:24:56.440] tutup semua

[00:24:56.440 – 00:24:57.420] kita cut loss

[00:24:57.420 – 00:24:58.580] tapi tu dalam bentuk loss

[00:24:58.580 – 00:24:59.820] kalau profit mana

[00:24:59.820 – 00:25:00.320] dia orang tutup

[00:25:00.320 – 00:25:01.400] profit biarlah berjalan

[00:25:01.400 – 00:25:02.280] so ini adalah

[00:25:02.280 – 00:25:03.480] 5 cara untuk exit

[00:25:03.480 – 00:25:04.820] dan saya cadangkan

[00:25:04.820 – 00:25:05.840] awak exit

[00:25:05.840 – 00:25:06.920] partial exit

[00:25:06.920 – 00:25:08.840] ataupun management buyout ke

[00:25:08.840 – 00:25:10.360] awak jual sikit

[00:25:10.360 – 00:25:11.180] dekat partner awak

[00:25:11.180 – 00:25:13.000] jual sikit pada kawan awak

[00:25:13.600 – 00:25:14.820] so partial exit

[00:25:14.820 – 00:25:15.820] Dengan management exit ni

[00:25:15.820 – 00:25:16.580] Yang biasa kita buat

[00:25:16.580 – 00:25:17.340] Trade sale ni

[00:25:17.340 – 00:25:18.540] Ini betul-betul nak cash out

[00:25:18.540 – 00:25:19.940] Awak buat satu company

[00:25:20.620 – 00:25:21.820] Lepas tu value kan dia

[00:25:21.820 – 00:25:22.400] 5 juta

[00:25:22.940 – 00:25:23.420] Boom

[00:25:23.420 – 00:25:24.400] Jual dekat siapa?

[00:25:24.620 – 00:25:26.080] Jual dekat competitor

[00:25:26.900 – 00:25:27.740] Itu syarat dia

[00:25:28.400 – 00:25:29.380] Jual pada competitor

[00:25:29.380 – 00:25:31.420] Dan adakah competitor plan

[00:25:31.420 – 00:25:32.320] Untuk pergi IPO?

[00:25:32.480 – 00:25:32.960] Tak ada pun

[00:25:32.960 – 00:25:33.920] Dia beli benda tu

[00:25:33.920 – 00:25:35.500] Untuk naikkan lagi value dia

[00:25:35.500 – 00:25:36.880] Dia beli company awak

[00:25:36.880 – 00:25:37.480] Trade sale

[00:25:37.480 – 00:25:38.600] Valuation dia pun naik juga

[00:25:39.260 – 00:25:40.960] Dan dia dapat extra revenue

[00:25:41.940 – 00:25:43.080] So banyak strategi

[00:25:43.080 – 00:25:44.240] Saya pun tak perlu belajar lagi

[00:25:44.240 – 00:25:44.600] Jadi

[00:25:44.600 – 00:25:46.960] ini adalah yang terakhir sekali exit

[00:25:46.960 – 00:25:48.820] strategi. Jadi bincang dengan partner, bro

[00:25:48.820 – 00:25:50.820] kita nak buat apa ni? Kita ada plan tak nak

[00:25:50.820 – 00:25:52.780] exit? Kita jual lah sikit share kita

[00:25:52.780 – 00:25:54.860] nanti. Sebab company yang boleh

[00:25:54.860 – 00:25:56.740] dijual adalah company yang

[00:25:56.740 – 00:25:59.020] ada value. Kalau company

[00:25:59.020 – 00:26:00.760] awak tak berjaya dijual, dia tak ada

[00:26:00.760 – 00:26:03.000] value. Dan untuk menjual company, insyaAllah

[00:26:03.000 – 00:26:04.780] ada lagi nanti video-video bonus yang

[00:26:04.780 – 00:26:07.000] saya akan cuba wujudkan dan masukkan. Kalau sempat

[00:26:07.000 – 00:26:08.940] dekat bawah ni kalau ada. Kalau tak ada

[00:26:08.940 – 00:26:10.800] belum ada lagi lah. Sebab saya ada plan untuk

[00:26:10.800 – 00:26:12.660] tambah lagi beberapa video-video

[00:26:12.660 – 00:26:14.600] tambahan at least saya pun tengah

[00:26:14.600 – 00:26:16.480] on the way nak jual beberapa company saya dan

[00:26:16.480 – 00:26:18.460] awak pun dapat belajar sesuatu. Mudah-mudahan

[00:26:18.460 – 00:26:20.420] kita menjadi usahawan yang celik capital

[00:26:20.420 – 00:26:21.800] bukan sahaja bermain

[00:26:21.800 – 00:26:24.200] market mechanism tapi bermain

[00:26:24.200 – 00:26:26.460] capital mechanism. Maksudnya market mechanism

[00:26:26.460 – 00:26:28.600] ni jual pada customer. Capital mechanism

[00:26:28.600 – 00:26:30.780] jual pada investor. Market

[00:26:30.780 – 00:26:32.660] customer, capital investor. Ada

[00:26:32.660 – 00:26:34.760] dua customer sebenarnya. Jual pada customer

[00:26:34.760 – 00:26:36.680] pun ok juga tapi lagi profit jual pada

[00:26:36.680 – 00:26:38.560] investor sebab investor

[00:26:38.560 – 00:26:40.600] membeli kenderaan syarikat yang

[00:26:40.600 – 00:26:41.640] Akan buat duit untuk dia

[00:26:41.640 – 00:26:42.720] Dan kadang-kadang

[00:26:42.720 – 00:26:43.380] Dia tak nak duit pun

[00:26:43.380 – 00:26:44.460] Dia just nak hype tu je

[00:26:44.460 – 00:26:45.500] Sebab dia nak exit

[00:26:45.500 – 00:26:46.560] Pada round yang seterusnya

[00:26:46.560 – 00:26:47.640] So ini adalah

[00:26:47.640 – 00:26:48.820] First round

[00:26:48.820 – 00:26:49.880] First round biasanya

[00:26:49.880 – 00:26:50.580] Dia start dekat seat

[00:26:51.640 – 00:26:52.780] Ini first round

[00:26:52.780 – 00:26:53.860] Ini second round

[00:26:53.860 – 00:26:54.760] Series A

[00:26:54.760 – 00:26:55.240] Series B

[00:26:55.240 – 00:26:55.720] Series C

[00:26:55.720 – 00:26:56.780] Terus benda-benda macam tu lah

[00:26:56.780 – 00:26:58.000] Okay jumpa dalam video

[00:26:58.000 – 00:26:58.800] Yang seterusnya

[00:26:59.300 – 00:26:59.740] Zas