With the recently annoucement from Tienwah, which has been awarded the tender to acquire BAT Indonesia printing business with amounting RM96.9 million and with a contract of 6 years to supply printing service to BAT Indonesia.
What does it tell you anything from this info?
General Info
BAT Indonesia market value around RM750 million ~ RM800 milliom
TienWah Malaysia market value around RM200 million
BAT Indonesia has been loss making for past 3 years, amounting RM500 million each year
BAT Indonesia has issued private placement to raise up RM4.515 billion, at which RM3.87 billion (around 86% of the private placement) was used to pay outstanding default loan. The loan was called default and been settled up fully on Jun year 2016.
The followings are my assumption:-
1. BAT Indonesia is loss making, so it requires money to support its business cash flow. Hence propose to sell its subsidiary printing business.
2. Tienwah beg for renewal of contract of printing. Hence it is willing or force to help BAT Indonesia in order to secure the contract. By the way, it is win-win situation. Both get what they want. BAT Indonesia get the cash flow. Tienwah get the opportunity to tap into Indonesia's market.
3. Tienwah definately will secure the renewal of 3 years contract. As it should be a part of agreement for Tienwah to buy BAT Indonesia printing business.
Tienwah's market value is only RM200 million, but it invest RM96.9 million into new market. So do you see the number?
Next I will write out on Tienwah's intrinsic value. Stay tune.
2 comments:
waiting.....waiting.... so can buy or not.
☑️☑️COMPOSITE CYBER SECURITY SPECIALISTS ☑️☑️
•• Are you Seeking for the Best Legit Professional Hackers online?
Congratulations Your search ends right here with us. •• ⚡️⚡️
☑️☑️For Years Now We have Been helping companies secure there Infrastructures against malicious Attacks, however private individuals have been making use of our services to provide Optimum solutions to their cyber and Hacking related Issues, such as providing them unlimited Access to their desired informations from their Target. 📲, Credit Card Mishaps, Funds Recoveries And Every Other Cyber Related Issues That has to Do With HACKING.
☑️☑️COMPOSITE CYBER SECURITY SPECIALISTS is a vibrant squad of dedicated online hackers maintaining the highest standards and unparalleled professionalism in every aspect.
We Are One Of The Leading Hack Teams In The United States With So Much Accolades From The Deep Web And IT Companies. ••
••We Offer Varieties Of LEGIT Hacking Services With the Help Of Our Root HackTools, Special HackTools and Our Technical Hacking Strategies Which Surpasses All Other Hackers.
☑️ Below Is A Full List Of Our Services:
▪️ FUNDS RECOVERY ON SCAM INVESTMENTS, BINARY OPTIONS TRADING and ALL TYPES OF SCAMS.
▪️ WEBSITE AND DATABASE HACKING 💻
▪️ CREDIT REPAIR. 💳
▪️ PHONE HACKING & CLONING (giving you 📱 Unnoticeable access to everything Happening on the Target’s Phone)
▪️ CLEARING OF CRIMINAL RECORDS ❌
▪️ SOCIAL MEDIA ACCOUNTS HACKING 📱
▪️RECOVERY OF DELETED FILES 📤
▪️LOCATION TRACKING 📌
▪️BITCOIN MINING ⛏ And lot More.
☑️We have a team of seasoned PROFESSIONALS under various skillsets when it comes to online hacking services. Our company in fact houses a separate group of specialists who are productively focussed and established authorities in different platforms. They hail from a proven track record and have cracked even the toughest of barriers to intrude and capture all relevant data needed by our Clients. Some Of These Specialist Includes ⭐️ DAWID CZAGAN⭐️ JACK CABLE ⭐️ SEAN MELIA ⭐️ ARNE SWINNEN ⭐️And More. All you Need To do is To Write us a Mail Then We’ll Assign any of These Hackers To You Instantly.
☑️COMPOSITE CYBER SECURITY SPECIALISTS is available for customer care 24/7. Feel Free to Place your Requests.
☑️☑️CONTACT:
••• Email:
composite.cybersecurity@protonmail.com
🔘2020 © composite cybersecurity specialists
🔘Want faster service? Contact us!
🔘All Rights Reserved ®️
Post a Comment