- 2 days ago
Sunway tampil menjawab isu terbesar melibatkan IJM. Presiden Sunway Bhd, Datuk Anuar Taib berkongsi tentang perbezaan penilaian, hala tuju syarikat, dan implikasi kepada landskap korporat Malaysia.
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00:07Dalam dunia korporat, setiap deal bukan sekadar angka, ia mencerminkan hala tuju kuasa pasaran dan naratif masa depan.
00:15Cadangan pengambil alihan IGM oleh Sunwey Berhad mencetuskan persoalan besar.
00:19Adakah ini langkah strategik untuk melahirkan juara nasional atau satu pertaruhan berisiko dalam langskap ekonomi yang semakin mencabar
00:27dengan tawaran RM3.15 saham yang dipersoalkan serta kebimbangan pemegang saham terhadap nilai dan masa depan.
00:34Perdebatan kini bukan lagi sekadar deal, tetapi deal yang tepat pada masa yang tepat.
00:38Untuk kita telusuri strategi rasional dan gambaran besar di sebalik langkah yang sedang menjadi tumpuan pasaran bersama saya di studio
00:47ketika ini adalah
00:48Dato' Anwar Taib, Presiden Sunwey Berhad. Saya nak ucapkan terima kasih Dato'. Apa khabar?
00:53Khabar baik. Assalamualaikum. Thank you for having me.
00:56Terima kasih Dato' kerana sudi meluangkan masa bersama kami. Kita ingin membincangkan topik yang agak besar ini.
01:00Deal or no deal antara IGM dan juga Sunwey. Kita melihat Sunwey melihat urus niaga ini sebagai langkah membentuk juara
01:08nasional.
01:09Tetapi beyond the scale, beyond the size, apa antara kelebihan dan kekuatan khusus yang IGM bawa kepada meja Sunwey yang
01:18dilihat ketika ini?
01:19Mungkin Dato' boleh kongsikan.
01:20So, for us, first of all, kita punya hasrat itu ialah untuk membina satu juara nasional.
01:28When kita kata juara nasional, kita ambil daripada inspirasi daripada 1992 Piala Thomas Badminton.
01:37Masa itu, kita ada Tan Sri Elias Umar, Dato' Pancikunalan, kita ada The Sidik Brothers, kita ada Chia Sun Kit
01:50dan all of those players.
01:52Berbagai kaum, berbagai kekuatan untuk menjadi juara Piala Thomas 1992.
02:02Jadi, bagi kami, bila kita tengok IGM, IGM is a Malaysian company, sama dengan kita.
02:09Di sana, kita ada Tan Sri Krishnan Tan, di sebelah kami ada Tan Sri Sir Jafri Chia, ada saya, The
02:20President, ada Dato' Li Chun Fai.
02:21So, bila kita tengok kekuatan both sides, both of us ada di real estate, di property, ada di construction, samalah.
02:35And when we look at both of us, especially on the construction side, they are mostly on the infrastructure.
02:43We are mostly in data center.
02:46And then afterward, we do integrated development, hospitals and whatnot.
02:51They also do residential and electronics.
02:55So, if you combine the two, imagine the kind of industry that we can work in.
03:03And not just in Malaysia, we have to also think about ASEAN has 650 million people.
03:10Yes.
03:10And at a various degree of, various level of development.
03:15So, they'll be needing more infrastructure.
03:17They'll be needing power plants.
03:19They'll be needing the building of dams.
03:21They'll be needing townships to be developed.
03:24So, these are the things that, pada pandangan kami, the combination would actually be very beneficial to the shareholders of
03:33the Enlarge Sunway IGM as well as to Malaysia.
03:39So, kita lihat penggabungan ini, sedang itu mungkin membawa sesuatu manfaat yang sangat besar.
03:45Tetapi, kita tahu gabungan yang kedua-dua yang sangat besar ini mungkin ada yang melihat berkemungkinan ada juga risiko datang
03:52bersama.
03:52Bila dua kumpulan besar digabungkan, sedang itu orang biasa akan mula tanya, adakah syarikat itu mampu kekal daripada segi mereka
04:00akan lebih tangkas atau tidak.
04:02Jadi, macam mana Sunway itu sendiri nak pastikan skala yang lebih besar ini tidak menjejaskan kecekapan, melambatkan keputusan ataupun pelaksanaan
04:10tersebut, Datuk?
04:12Terima kasih. Itu soalan yang begitu baik.
04:14Bagi kami di Sunway, even today, kita sebenarnya, you know, manage Sunway through a very lean system.
04:26So, kita ada 13 division.
04:30Dalam mana? Dalam 13 division ini, business division, setiap CEO, setiap division will have their own autonomy.
04:38They have their own, what they call, delivery that they have to do.
04:42And whereas, for me, the president of the organization, together with people in what we call executive committee, and chat
04:52by Tansi Jeffrey, we look at integration.
04:56Integration.
04:57So, we build, so basically, each business have to look after its own delivery, and then, at times close by,
05:08and opportunities arise, there will be integration that we must insist.
05:12So, katagalah, property dengan construction, construction dengan building material.
05:18So, these are things that we do.
05:20So, as an example, kita buat healthcare.
05:23Healthcare, healthcare ada sanctuary, which is senior living, and nearby, there is a hotel.
05:29So, that kalau, you know, sanat sedaga, siapa yang sakit, they could melawat, can stay at the hotel.
05:34So, we build that ecosystem.
05:38So, that is the way we live.
05:40And when we look at the combination dengan IJM, IJM ada lebih kurang tiga atau empat division yang lebih kurang
05:48sama.
05:49Dia ada property, kita ada property.
05:51Dia ada, apa ni, construction, kita pun ada construction.
05:57Kemudian, yang ada sedikit berlainan, ialah dia ada port dan infrastructure.
06:03Walau kita pun ada infrastructure, actually, kita ada dua infrastructure, dua, apa ni, highway di India.
06:09And the subway construction.
06:10Bila kita tengok gabungan keduanya itu, sebenarnya, whilst there are areas that we are, the divisions that we have together,
06:21the level of togetherness itu tak ada bertindak.
06:26So, sebagai contohnya, kalau kita tengok bahagian property lah, kami,
06:33kawasan kami, kawasan kami, ialah di Bandar Sanwi,
06:36Iskandar Puteri di Johor, dan what they call Ipoh, niatambun, that area.
06:45Kemudian, kita ada hub yang lain-lain lah, RTS di Johor Baru,
06:49Seremban Central, Forest Heights di Negeri Sembilan,
06:54Velocity di, what they call, di Lembah Kelang,
06:58and then we have, di Seberang Perai, kita ada near Sanwi Carnival,
07:03and some, di, what they call, di Penang.
07:07And, kita, bila kita tengok, di mana, what they call IJM,
07:11operasi IJM, mostly Penang, the lights,
07:15and then Rim Bayu over in Selangor,
07:18and then they also have, near the Pasir Gudang area in Johor.
07:23and they also have Seremban Dua.
07:25So, if you look at it, there's a lot of,
07:29almost complementary location.
07:31So, kita tak rasa dia akan jadi lebih kompleks.
07:37This is the ability and the capacity and the readiness
07:40when both are combined together.
07:43Saya akan mencakap juga mengenai tawaran, Dato,
07:46iaitu RM3.15 sesaham di mana kita lihat juga penasihat bebas
07:50dan juga lembaga IJM sendiri melihat ia terlalu rendah.
07:53So, dan tu kita ingin maham bagaimanakah pandangan ini berbeza,
07:56adakah Sanwi merasakan pasaran masih belum melihat
07:59the true value of this team, bagaimana?
08:01So, saya kadang-kadang,
08:04yelah, kita memang masa,
08:08kita menanti masa dia punya independent advisor,
08:12punya results,
08:13walaupun kita nak tengok penambah lah.
08:16Masa tu, kita memang dah anticipate,
08:19dia akan kata unfair and unreasonable.
08:22It has to do dengan the nawai tu.
08:25bagi, bagi, how, who, what are the motivations
08:29of each party in doing so.
08:33When we look at the independent parties,
08:35independent advisor,
08:36and Roschal,
08:38those are hired by IJM.
08:40So, if you're on a defensive,
08:43your interest is to put the intrinsic value
08:45to be as high as you can
08:47against the offer.
08:49But, let's go and look at
08:51apa selain daripada,
08:53selain daripada the two parties,
08:55we also have 14 independent
08:59investment houses.
09:00Dia tak ada siapa bayar pun.
09:02Dia buat dia punya investment sendiri,
09:04dia punya opinion sendiri.
09:06And on average,
09:08dia punya target price,
09:09target price dia punya average was 3,
09:10I think 3 ringgit and 3 ringgit
09:13and 24 sen ke, something like that.
09:15So, Walhal yang Roschal dengan M&A kata
09:20between 4,5 sampai 6.
09:22Then, kita tengok apakah yang actual.
09:26So, so far in the past 15 month,
09:31harga saham IJM tak pernah pun naik
09:34lebih daripada 3 ringgit.
09:37So, basically for us,
09:39and bila kita tengok the last 6 bulan,
09:436 bulan sebelum offer itu,
09:46it is more in the range of 240.
09:48Oh, yes.
09:49So, now you start to see,
09:50that's why for us,
09:51we look at it,
09:52we offer 3,15
09:53because it is already about 20%
09:55more than dia punya harga pasaran,
09:57average.
09:58So, that's why we think it is
10:00a value-accretive.
10:02and then, so that's why
10:04pada saya,
10:06kita kena tengok,
10:08you know,
10:09all of these orang kata
10:10opinion lah, kan?
10:12Opinion.
10:13So, kita tengok
10:13opinion dan motif.
10:16Bagi kami,
10:17kita bagi pada
10:193 ringgit, 15 sen itu,
10:21sebenarnya pada kami adalah
10:22satu
10:24aras yang
10:25fair,
10:26yang untuk fair
10:28to Sunway punya shareholders
10:30as well as
10:31to IGM shareholders.
10:32Bila dia
10:34bertukar kepada
10:37Sunway share,
10:38they would actually
10:40gain about 20% plus
10:41on the transaction
10:43and then afterward
10:44would actually enjoy
10:45Sunway punya
10:46future growth.
10:48And let me say
10:49a little bit about
10:50performance
10:51Sunway versus IGM as well.
10:53Kalau kita tengok
10:54tahun lepas,
10:57dari segi margin,
10:58profit before tax margin
11:00on all the division,
11:02I think there's only
11:03one division about the same,
11:0417-18%,
11:06but all the other division
11:08yang kita ada
11:09business bersama ni,
11:11di area yang sama,
11:13Sunway
11:14have easily
11:165-6%
11:18better margin
11:19than them.
11:20So, this
11:20over the past 5 years,
11:22kalau kita equalizekan lah,
11:23katakanlah
11:24IGM dapat
11:25similar margin
11:26as Sunway,
11:28itu akan ada
11:29unjukkan
11:29300 juta
11:31setahun
11:32lebih dari
11:34apa,
11:34dalam profit
11:35before tax.
11:36This is
11:36keuntungan sebelum cukai.
11:38And that
11:39could actually become
11:40afterward
11:41be brought up
11:43as dividend.
11:44itu untuk
11:46masa 5 tahun.
11:47Kalau kita tengok
11:47daripada
11:4810 tahun
11:49yang lalu,
11:52Sunway
11:54punya return,
11:55ini orang kata
11:57jumlah pulangan
11:58keseluruhan.
11:59So, this is
12:00shareholder value,
12:01total shareholder value,
12:03share price
12:03dan dividend.
12:04Sunway
12:05has actually
12:06return
12:09387%.
12:09whereas
12:11IGM
12:12dalam masa
12:1210 tahun
12:13yang sama
12:13have return
12:15minus 9%.
12:17So,
12:18kalau you
12:18ada
12:18RM1,000
12:19investment
12:20tahun
12:212016
12:21di Sunway,
12:23that value
12:24have gone up
12:25to about
12:26RM4,870.
12:29Whereas
12:30if you
12:31put your
12:32money in
12:32IGM,
12:33you have
12:34lost
12:34RM90.
12:35so your value
12:37become
12:37910.
12:38Kalau you
12:39letak
12:39duit dalam
12:41FD pun,
12:43you dah
12:43dapat
12:44about
12:44RM1,500 lah.
12:46So,
12:47we go
12:48back to
12:48the question
12:49tadi kan.
12:50I
12:50know
12:52the
12:52Nawaitu
12:52on
12:53the
12:53IA
12:54and
12:55the
12:55what
12:56they call
12:56and
12:56Roschal
12:57on
12:58defending
12:59their
12:59position.
13:00But
13:00if I
13:01were to
13:01be part
13:01of the
13:02management
13:02of
13:02IGM,
13:03it
13:04is also
13:04showing
13:05to the
13:06world
13:06how
13:08one
13:08thing
13:09or
13:11how
13:12one
13:12thing
13:12is our
13:13performance.
13:14Talking about
13:15anticipating
13:16the
13:17expectation
13:17the
13:17opinion
13:18from
13:18this
13:18deal
13:18and
13:19you
13:19just
13:19share
13:19with
13:19comparison
13:20between
13:20the
13:20numbers
13:21and
13:21history
13:22numbers.
13:24But
13:24people
13:25also
13:25anticipating
13:26the
13:26risk
13:26of it.
13:27Mungkin
13:27ada
13:27yang
13:27berpandangan
13:28bahawa
13:28selepas
13:29ini
13:29IGM
13:30mungkin
13:30akan
13:30menanggung
13:30risiko
13:31masa
13:31depan
13:32Sunway
13:32itu
13:32sendiri.
13:33Tapi
13:33bagaimana
13:34Sunway
13:35menanggung
13:36ataupun
13:37menangani
13:37kebimbangan
13:37ini
13:38Dato'
13:38Kadang-kadang
13:40kita nak
13:41buat
13:41unjuran
13:41ke depan
13:42itu
13:42kita tengok
13:43prestasi
13:48sebelum
13:49menilai
13:49dia macam
13:50kita nak
13:52masuk
13:53study
13:54medical
13:54mak saya
13:56kata
13:56you
13:57pandai
13:58biology
13:58you
14:00kena
14:00selalu
14:01dapat
14:01A
14:02ambil
14:02medical
14:03tapi
14:04saya
14:04tahu
14:04saya
14:05malas
14:05study
14:05saya
14:07lebih
14:07suka
14:07practical
14:08so
14:087-8
14:08tahun
14:09study
14:09is not
14:09something
14:10that I
14:10like
14:10so
14:11bila
14:12interview
14:13dengan
14:14Mara
14:14ke
14:15apa
14:15so
14:16the
14:19offer
14:20yang
14:20bagi
14:20buat
14:20engineering
14:21sebab
14:22apa
14:22dia
14:22tengok
14:23memang
14:23saya
14:23punya
14:24curriculum
14:25semua itu
14:27bukanlah
14:28jenis
14:28orang yang
14:29boleh jadi
14:29doktor
14:32adakah
14:32keputusan
14:34saya untuk
14:34jadi engineer
14:35itu satu
14:35risiko
14:36ya
14:37it is
14:37but
14:38masa itu
14:40saya memang
14:40berazam
14:41nak jadi
14:42engineer
14:43so
14:43kita berusaha
14:45jadi sama
14:46juga
14:47RGM
14:47dengan
14:48Sunway
14:49bila
14:49kita kata
14:50RM3.15
14:51kita bagi
14:5210%
14:54in cash
14:5590%
14:57in
14:57Sunway
14:58shares
14:58kita punya
14:59niat itu
15:00supaya
15:01semua
15:02yang
15:03semua
15:04shareholder
15:05RGM
15:05akan
15:06berpindah
15:07berhijrah
15:07kepada Sunway
15:08kita tak nak
15:09dia keluar
15:09sebab
15:11kita
15:11berterima kasih
15:13bukan
15:13some of them
15:14macam EPF
15:14dia orang
15:15also shareholder
15:16to Sunway
15:17sekarang
15:17so they must
15:19have gained
15:19the 387%
15:22that we
15:23have delivered
15:23over the
15:24past 10 years
15:24and we
15:25want to
15:25continue
15:26with it
15:27people keep
15:28saying
15:28there's a
15:28risk
15:29and what
15:29not
15:29but
15:30would you
15:31take a
15:32risk
15:32with somebody
15:33who has
15:33been
15:34performing
15:34very
15:34well
15:35versus
15:36the one
15:37who has
15:37not been
15:37performing
15:38for you
15:40and when
15:41you look
15:41at
15:41all of
15:42this
15:42ni
15:42raya
15:42ni
15:43the
15:43nice part
15:43buat
15:44raya
15:44ni
15:44balik
15:44kita boleh
15:45tengok
15:45balik
15:46apa
15:46ni
15:47jumpa
15:48balik
15:48dengan
15:48sanak
15:49sedara
16:19nak
16:20nak
16:20pergi
16:20jadi
16:20you know
16:21discussion
16:22yang kita
16:22ada ni
16:23kebanyakannya
16:23harga
16:25apa ni
16:25harga
16:26baja
16:26naik
16:27ke tidak
16:27ada bonus
16:29ke tidak
16:30kan
16:31jadi
16:31dia orang
16:32bergantung
16:33simpanan
16:33dia orang tu
16:34bergantung
16:34kepada
16:35tamuhaji
16:35ASB
16:36apa ni
16:38pension
16:38dengan
16:38government
16:39kuap
16:39kan
16:39EPF
16:40kalau dia
16:41kerja dengan
16:41swasta
16:43jadi
16:43dia tak
16:44ada pun
16:45dalam
16:46dalam
16:47pemikiran
16:48dia orang tu
16:48oh
16:49IGM
16:51minus
16:519%
16:53387%
16:55improvement
16:56in
16:56in
16:57sanway
16:57pada dia
16:57dia tak
16:58faham
16:58pada dia
16:59dia orang
16:59akan letakkan
17:00dia orang punya
17:02simpanan
17:02dan
17:03duit tu
17:04dia niatkan
17:04kepada
17:06tabunghaji
17:07PNB
17:08EPF
17:09dan kuap
17:10supaya
17:11memberikan
17:12pulangan terbesar
17:13pada dia
17:13untuk masa depan dia
17:15dia orang nak pergi
17:16haji
17:17dia orang nak pergi
17:18untuk
17:19anak dia pergi
17:20universiti
17:20jadi pada saya
17:23kita kena
17:24dalam
17:24dalam offer ini
17:26kita
17:26kita sebenarnya
17:27telah memberi
17:28offer kepada
17:30shareholders
17:30of
17:31IGM
17:32supaya
17:33memilih
17:37company
17:37yang
17:38telah memberi
17:40what they call
17:41keuntungan yang
17:42lebih besar
17:42dalam masa yang
17:44lebih
17:44dalam
17:44proven
17:45to have done it
17:46over the long
17:47period
17:48so that
17:49they will actually
17:50get better returns
17:51for them
17:52to actually
17:53give it back
17:53to
17:54dia orang punya
17:55unit holder
17:56dia orang punya
17:56pensioner
17:57itu saja
17:58I like what you
17:59mention also
18:00it's like
18:01are you ready
18:02to take a risk
18:03on the company
18:03that has been
18:04performing
18:05dan sekiranya
18:07kita mendapat
18:07deal ni
18:08insyaAllah
18:09Dato'
18:10melihat kepada
18:1124 bulan
18:13yang pertama
18:13apa antara
18:14synergy yang paling
18:15awal yang
18:16saling jangka
18:16kita akan
18:17nampak dahulu
18:18so
18:18there are few
18:20things that we can
18:20look at
18:21one is that
18:22we can
18:23relook at
18:24first we can
18:25actually look at
18:27where we are
18:28working together
18:29dalam construction
18:31we can do
18:32joint procurement
18:33to reduce cost
18:35we can look at
18:36methodology
18:37saya
18:38I mean if you
18:39look at it
18:39the profit
18:41before tax margin
18:42of our construction
18:43group is 12%
18:44the IGM
18:46profit before tax
18:47margin in 2025
18:48for their construction
18:50group is 4%
18:52so imagine
18:53if we can
18:54actually move it up
18:54by 3-4%
18:56on that side
18:57how much that
18:57would actually be
18:58gaining
18:58for the shareholders
19:00kemudian kita
19:01tengok juga
19:02dekat
19:02let's say
19:04property
19:05kita
19:07di Sunway
19:08kita ada
19:09Seremban Central
19:10TOD
19:12dekat
19:12Seremban punya
19:14train station
19:16Forest Heights
19:17daripada
19:17acquisition
19:18of the MCL
19:19hari itu
19:19dan dia ada
19:22Seremban
19:22Seremban 2
19:24we can actually
19:25look at
19:25this integrated
19:26development
19:27what would we
19:28bring into
19:29that area
19:29sama juga
19:30kalau kita
19:31tengok
19:31di Penang
19:33Island
19:33dia ada
19:34light
19:34kita ada
19:35payah terhubung
19:38we have
19:39plan to put
19:39a hospital
19:40in Penang
19:40Island
19:42so we can
19:43actually review
19:44all of those
19:44so all those
19:45little things
19:46we can actually
19:46do within
19:47the 12
19:4718
19:49and 24
19:49months
19:49so that's
19:50business side
19:51but what is
19:52more important
19:53we want to make
19:54sure that
19:54all of us
19:56after the merger
19:58will be coming
19:59through what I
20:00call a similar
20:01culture
20:01because the
20:02culture
20:03drive process
20:04drive vision
20:06drive
20:07strategy
20:08and drive
20:09behavior
20:09so we will
20:11actually have
20:12once we are in
20:13we will run
20:14IJM
20:15maybe in
20:16what they call
20:17as a single
20:18entity
20:18for a while
20:199 to 12
20:19month
20:20kita pun
20:20tak nak
20:20kacau
20:21dia punya
20:22operasi
20:22maybe a little bit
20:23changes
20:23here and there
20:24run it
20:25do the
20:26back end
20:26we will
20:28simplify the
20:29back end
20:29process
20:30the way
20:31we pay
20:31vendors
20:31and whatnot
20:32so we do
20:32that
20:33that's
20:349 to 12
20:35month
20:35we also
20:36will set up
20:36an integrated
20:37integration team
20:39integration committee
20:40headed by me
20:41we look at
20:42how could we
20:43look at
20:43the various
20:45division
20:45how do you
20:46simplify
20:47then
20:47afterwards
20:48longer term
20:49we do
20:49the
20:49transformasi
20:50side
20:51okay
20:52Dato'
20:53mungkin kita
20:53lihat
20:54this deal
20:55is not only
20:55creating
20:56is not only
20:58having a value
20:59for both of the
20:59companies
21:00but it is also
21:01creating a future
21:02value
21:02dalam mana-mana
21:03pegabungan besar
21:04sudah tentu
21:04kebiasaannya
21:05akan pertimbangan
21:06persoalan
21:07adakah akan
21:08berlakunya
21:08rasionalisasi
21:09aset
21:10ataupun
21:10pelupusan unit
21:11tapi bagaimana
21:12dengan pertimbangan
21:13ataupun fokus
21:14Sunway ketika ini
21:16Sunway
21:17I mean
21:17for us
21:18whatever asset
21:19that they have
21:20we will also
21:21bring in
21:22we will
21:23review first
21:24kita kena tengok
21:26the quality of asset
21:27because
21:27dari pandangan
21:28jauh lah
21:29because kita tak ada
21:31kita buat
21:32BTO ni
21:33dia tak
21:33dia bukan je
21:34satu merger
21:35yang kita boleh tengok
21:36what's in their book
21:37kan
21:37kita punya info
21:39it's always
21:40from what everybody
21:41knows
21:42public
21:43source
21:45we will take
21:46whatever that
21:47there is
21:47we will review it
21:48we look at the
21:49integration
21:50that we can bring
21:51and then
21:52what
21:53how we decide
21:54in the next couple
21:54of years
21:56that will be
21:57something that we
21:58decide when
21:59the time comes
21:59okay
22:00Dato
22:00maybe
22:02my last question
22:03and
22:04we take
22:05look dalam
22:05pesaran hari ini
22:06ramai sebenarnya
22:07pelabur melihat kepada
22:08iaitu syarikat
22:10yang mempunyai fokus
22:10ataupun mudah
22:11difahami
22:12tetapi
22:12melihat kepada
22:13keputusan Sunway
22:14hari ini
22:15mengapa ia kekal
22:16sebagai
22:16conglomerate
22:17sedangkan pelabur
22:18sebenarnya
22:18cenderung kepada
22:19iaitu fokus-fokus
22:20ataupun syarikat
22:21yang fokus tunggal ini
22:22so
22:22because
22:23for us
22:24our conglomerate
22:26storyline
22:26has actually
22:28been working
22:28we no longer
22:30have our
22:30conglomerate
22:31discount
22:31and the reason
22:33being is that
22:33we have this thing
22:34we have a vision
22:35we have a culture
22:37and that culture
22:38is culture of excellence
22:39that is an
22:40operational
22:41excellence
22:42punya culture
22:43we maintain
22:44our
22:46vertical
22:46layer
22:47to very
22:48very
22:48very flat
22:49so
22:50memang lah
22:51kalau saya
22:52sebelum ini
22:52saya di Sapura
22:53sebelum itu
22:54saya di Petronas
22:55sebelum itu
22:55saya di Shell
22:57kadang-kadang
22:58kita terlampau
22:59tak sub
22:59dengar
23:00management
23:01consultant
23:02kata
23:02your direct report
23:04tak boleh
23:04lebih daripada
23:0512
23:07so lepas itu
23:08you kena buat layer
23:10when you do
23:11things like that
23:12you create
23:12you do create
23:14what they call
23:15you do create
23:15layering
23:16and you do create
23:18what I call
23:19organizational
23:19lethargy
23:21but for us
23:22I have 13
23:23direct reports
23:24each one of them
23:25runs a different
23:26business
23:28and we
23:29review it
23:30on a weekly
23:32basis
23:32in different
23:34division
23:34and regularly
23:36once a month
23:37I have all
23:38of those
23:38discussion
23:38and we
23:39discuss
23:39operational
23:40excellence
23:42and
23:43kalau kita
23:44we are not
23:47doing
23:47what we say
23:49we only focus
23:49on strategy
23:50and then
23:51after it
23:51very poor
23:52execution
23:52we actually
23:53work on
23:54operational excellence
23:55I would
23:56actually go
23:56and
23:57discuss
23:58berapa
23:59banyak
23:59bitumen
24:00at what
24:01temperature
24:02need to be
24:03mixed
24:04with the
24:04batu
24:05untuk buat
24:06aspalt
24:06hantar ke
24:07certain area
24:09and what
24:10would be
24:10the average
24:12what they call
24:15the average
24:17cost
24:17when I was
24:19in Petronas
24:20I didn't have
24:20to go through
24:21this kind of
24:21detail
24:22but this is
24:23the culture
24:23of the company
24:24which I'm
24:24absolutely
24:26enjoying it
24:27and I'm
24:28also absolutely
24:29believe
24:29this is
24:30actually the
24:30story
24:31the method
24:33that will
24:33actually bring
24:34companies like
24:34Sunway forward
24:35even if we
24:37are growing
24:37at the rate
24:38that we're
24:38growing
24:38I mean
24:40as an example
24:41baru ni
24:41I think
24:43Jensen Huang
24:44Jensen Huang
24:45punya
24:45data report
24:46is 60
24:47ke 30
24:47lebih
24:49so
24:50dia
24:51at least
24:52I pun
24:53baca
24:56macam tu
24:56je kan
24:57so tak
24:57teringat
24:57berapa
24:58nombor
24:58thank you
24:59for sharing
24:59us with
24:59this
25:00Dato
25:00because we
25:00know
25:00that
25:00this is
25:01not only
25:01the risk
25:03to sustain
25:04but it's
25:04also to
25:04grow
25:04dan dalam
25:05dunia
25:05pendagaan
25:06bukan mudah
25:07skala sahaja
25:07saiz tidak
25:08mencukupi
25:08kita perlu
25:09disiplin
25:10dalam pelaksanaan
25:11iaitu
25:12perancangan
25:12yang lebih
25:13jelas
25:13strategi
25:14dan bagaimana
25:14untuk kita
25:15mempunyai
25:15capability
25:15ataupun
25:16kupaya
25:16untuk mencipta
25:17nilai
25:18jangka panjang
25:18jelas
25:19kita lihat
25:20urus niaga ni
25:20mungkin menjadi
25:21titik perubahan
25:22bukan sahaja
25:22untuk
25:22IGM
25:23atau
25:23Sunway
25:24tetapi
25:24ia menjadi
25:25satu
25:25benchmark
25:26baru
25:26ataupun
25:26penanda
25:27aras
25:27untuk
25:27syarikat-syarikat
25:28tempatan ni
25:29berani
25:29membentuk
25:30iaitu
25:30juara
25:31nasional
25:32dalam
25:32persaingan global
25:33dan akhir sekali
25:34kita tahu
25:35deal or
25:35no deal
25:36pasaran akan
25:37menjadi
25:37hakim
25:37terakhir
25:38sekali lagi
25:38saya nak
25:38cakap
25:38terima kasih
25:39atas
25:39perkongsian
25:40yang sangat
25:40berdilai
25:40kepada
25:41Dato' Anwar Taib
25:42dan
25:42all the best
25:43for your deal
25:43thank you so much
25:45dan untuk anda
25:46perkongsian ni
25:47sudah tentu
25:47kita akan
25:48merangkumnya
25:49dalam
25:49astroowni.com
25:50dan semua
25:50platform digital
25:51astroowni
25:52jangan kembang mana
25:52dan Gawani
25:53akan berlihat
25:54seketika dan kembali
25:55selepas ini
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