 Good evening. Good morning. Good afternoon everyone depending on where are you tuning in from if you can hear my voice? Clearly, can you type down? What did you have for dinner just now? I'm assuming that it's evening for you because I am actually having a I just had my dinner as well so let me know I can see some of you guys are streaming from YouTube markers good to see you All right, some of you are chai phone chai phone from a good evening. Good evening as well Let me know what did you have for dinner? Calvin hi good to see you again. All right. Good evening everyone. Okay. We move. Don't worry. You are already here We just went live. Okay, I can see that you guys are super super excited Wow, we have like hundred plus people tuning in and I think the numbers are going to increase very rapidly because you guys More of your friends are tuning in as well So feel free to also share out this show share it to your families your friends because tonight It's gonna be a super amazing stocks debate. And by the way, okay Do you know what is the name of today's show? Today's show is very very special Let me show you the banner first So based on the banner, right? You can see the speaker that we're going to invite up the investor debate Okay, who are the other two? Who are the other two people that we are going to invite out the two amazing investors are? Chloe on top of that we have Sean and Boone Okay guys, so when you see this out, what does this mean? Okay when you see three of us, right? This is a SCB show, okay Can everybody type SCB in the chat his SCB doesn't stand for standard charter bank It doesn't stand for standard charter bank, but it's Sean Chloe and Boone stop debate. Okay, it's a SCB show fantastic So without further ado, let's invite these two handsome very handsome and super handsome gentlemen to be Okay, you even have a sunglass for this show you really want it's on how come you also have a sunglass Maybe I should wear my sunglass also SCB show. Yes, exactly. You love it. Susie love. Okay, everybody like that I must wear so that I also look very knowledgeable, right? Well, tonight I cannot win. I don't know I cannot lose to you guys. I cannot lose to you guys because we're going to have a forfeit Okay, but before we start our debate, right? Why not? We go and let them decide what is going to be the forfeit Actually forfeit is two people only two people will lose right? So what are the two people going to do guys? Can you can you give out give your comment on what kind of forfeit do you think the The BDS the BS are going to do later Why not? Why not your suggestions? Why not your suggestions? Because I think the forfeit is for you guys. So your suggestions Where is Chloe's one? Chloe's here. Chloe don't have a sunglass right now Never choose 4th July. Stop. Market close good timing for sharing. I see Terminator. Wow Boone you are becoming Terminator already there. Okay. Oh my god It's Sean. We love it Sean. Hey Sean your glasses. Is it real or fake one? How come I can vibrate so fast one Anyway, oh, okay, some people suggest the losers need to sing a song Some people suggesting losers need to sing a song. That's too easy. That's like too easy Too easy for Boone Sing a song while doing handstand Do handstand Do handstand and sing a song Okay, just a parallel now. So so at the end of at the end of this they will they will vote right? Well, you're eating to farm out your Energy for the push-up later Okay So what are we going to be a bit about right? So today we have three Power stocks that are unheard of that means Most of you guys like we cannot guarantee everybody but most of you guys Most of you guys just have heard of them before and What's going to happen as then a Mound three of us you guys will decide who will be the winner and of course the winner Don't need to do the forfeit the rest of the two guys will need to do the forfeit So Jasper saying that Danza. Okay. I think it's quite nice to see Guys dance in front some rumors some rumors say that cyber pandemic What do you guys think about it? Oh, maybe one of the stock later? We will have this question covered But before that, okay, seeing some of you guys. Okay, so have you decided a forfeit already guys? Sing sing a song and do handstand and dance at the same time is it? But when you also Yeah, okay, let's do it. Let's do it So the forfeit is sing plus then dance and top of that must do handstand Ah, hey, I cannot do handstand. So that's why I will have to win anyway guys So let's start so since three of us right why not? Who go first? Okay guys, why not you guys choose that but I think if I go first I'm going to spoil the market. So I won't let you guys go first All ladies first usually ladies first one No, no, no this round. I will I'm very gentle one. So I decide to be very very Tian Rang, you know, I give way to the elderly first. So yeah, how about let me let me just go first Let me just go first because usually we start with the best stuff. So yeah, let's go Are you ready? I already Handsome Bowen is giving you the best. So let's go You want to share screen? Right. Yes. Let me just share my screen Some people are a lot of people say one Sean to go first So we get for when to go first All right, all right. Yes. So let me just get started first So the company that I'm going to share if all of you today is called darling ingredient But first of all, I just want to make sure that this will feel the criteria of you know A stock that you guys have never heard of la So if you have heard of this other than for those of you who just joined our view of us MBA I did mention a little bit about that But other than that, ah, if you have heard of it before type es if you have never heard of it type No, just to make sure that this is actually fair So first of all, what exactly is this company doing? So this is the largest. Okay repeat. This is the largest Public traded company that turn edible by product and food waste into sustainable product and a leading producer of renewable energy So I think over here right it is really very exciting because number one They are able to turn waste into go. All right. So that's something that you know, a lot of people The focus is over here and number two we talk about this thing called renewable energy That is like the hottest hottest topic over there later. I'm going to show you why this is actually All right, so just to let you guys know a little bit about this company and the skill of this company They have 260 plus facility over five continent So you can see that they are actually one of the largest in terms of North America Right. So this is definitely really really very huge and approximately if you just focus on the meter right 15% of the world meet Industry waste are is actually being processed by this company 15% That is really really very very little and that is There's still a lot of upside to where this company can actually go up So really really thanks for pointing out that 15% is actually still very very little. Yeah, so you can see that they actually Improve your eyes later. I introduce some supplement. Okay. Yeah. Okay. So first of all, they have one billion Okay revenue into the food Okay, so some of the food that you guys are eating right actually they actually come from the waste Yeah, so huge market and of course number two right actually This is one of the largest as you can see that this particular segment is about two billion They actually turn it into animal feed. Yeah, so again, they recycle You know back into the animal and the animal so actually the animal I think probably they are relative La okay, obviously they are friends, but it's okay. They didn't know because it's all highly processed So nobody knows about it. And last but not least darling, you know, it sounds so cool All right, last one. Okay. Something that I love a lot is actually the last portion So from here, you can see that it seems to be the smallest the smallest one that one block my face at Kevin I don't know Six hundred and thirty five million. Okay. So this is currently one of the smallest Contribution to the company revenue and profit later. I'm going to show you why this is one of the most exciting portion So if you look at the business from all segments, you can see from 2020 2021 2022 year on year It has been growing. All right. In fact, you can see that the most recent one for the feed ingredient It has gone up almost like 30 40 and the latest quarter they actually increased by 40 beating all the analysts expectation So this is again Something that doesn't seems to be very very catchy But you know the moment the result came out everybody was shocked. Like, you know, how much go is actually being created by audience All right next of course, we do not just want to look at the revenue Okay, so later on, you know for the other two presentations, make sure that they show you a net profit company So net profit, you can see this company. What it has been a huge growth Okay, not only year on year grow over the last couple of years They have actually ramped up because of the production and later. I'm going to share a view They actually have this thing called a vertical integration, which means everything they're able to do it You know in one company that's able to reduce costs and at the same time It helps them to preserve the economic mode. So it's very difficult for other people to actually come in and replace them Let's take a look at the margin So usually for a business like this, right the margin is tend to be less than 10 but you can see for this one Because they are actually one of the biggest Okay, and also one of the most efficient one They are able to generate a double digit net profit margin for consecutive two years So that is something that is really really amazing Right for this company next I'm going to talk about the cash cow business So when we talk about cash cow, basically we talk about you know, something that generate a lot of cash But of course for this company, right literally, right they turn cow into cash Because why they turn the cow that you eat right away into money? So this is literally they are in the cash cow business Let's take a look at the cash flow You can see that they are definitely very healthy in terms of the cash flow itself with the latest year of 400 over million in terms of free cash flow All right, next let's take a look at right now. What is the CEO Thinking, okay, so they say 2023 has been a solid start, you know, even with inflation going up Inflation is something that a lot of business do not like But for them, with high inflation, actually they do even better So this is actually one of the company that falls under consumer Defensive that means no matter market good or bad, you know inflation recession They don't really care because All these food waste are going to turn into go Literally, let's go I can see both is trying very hard Hey, besides you go you got any other your vocab limited Okay, we talk about diamond diamond Usually, you know when people start to disrupt your in your your presentation It means that they are feeling we are giving you we are giving you away. You should turn it into go We give you nonsense comment you turn to go It's easy to comment Afraid that they are it's okay. It's okay. Let them come out already. So you can see that. Okay Let's focus on the last Tree I can see over here diamond green diesel. What does that you talk about diamond, right? This diamond is actually one of the company that they actually Collaborate with a partnership with this energy company called berlero on a 50 50 partnership So this one is the most exciting one. You can see that it's expected to gain tremendous momentum What my uncle very very good tremendous momentum in the second Tremendous It's okay English English. No good. It's okay By this talk coming money more more important Let's take a look at the key to success I just thought I mentioned why this company is actually able to do Outstandingly well in terms of the net margin and the profits because of the vertically integrated supply chain Right. So there's also where it's very difficult for other competitors to actually come in and you know get a market share from them Now So let's take a look at the next portion. Well, that is the more exciting part. Okay, the diamond green diesel So why am I so excited about this? Right? First of all, we understand that renewable energy is actually a huge Okay growing market So I want to Let you guys just focus on this thing called SAF not the Singapore armed forces Okay, not the Singapore Air Force. This is called a sustainable aviation fewer Which also means that what happened is that they are getting all your you know use oil and everything They are able to convert it into aviation oil. That means fewer that is actually used by the aeroplane So I know a lot of you right now are thinking. What is it possible? We actually turn animal fats and everything into aviation fewer because we know that fewer is actually one of the key Thing that you know from an airline industry one of the biggest costing Right, but why is it that they want to move into this sustainable aviation fewer is because of the carbon footprint So we all know that right now everybody is trying to save the earth because you can invest the the money But without the earth to for us to be in then it's pointless So this is something that all the companies are aiming towards zero carbon footprint So let's take a look right now. This SAF account for less than one percent of global jet fuel What does this mean? It also means that there are a lot more potential that this SAF is able to potentially grow over the years So let me just share a few this company right they are actually starting to come into this particular area Okay to create this SAF And you can see over here right now their annual capacity is 1.2 billion I want to do y'all to remember this number 1.2 billion right and they actually move into the sustainable aviation fewer In 2023 january, which is this year this year. They just started to move into this SAF and by 2025 This diamond DGD will upgrade about 50 percent, which also means that out of that 1.2 billion 50 percent will be converted into this SAF All right, so later I'll show you some of the more exciting numbers are Let's take a look at the total SAF required for net zero 2050 So this is actually by the international airline. So in order for them to have zero carbon footprint They estimated how many percent of the SAF need to be accounted for so you can see by 2025 The number required is actually 8 billion and this is a growing number 8 billion to 23 to 90 at even 449 So this is actually a huge growing demand. Okay by the aviation industry and based on this particular company Assuming 2025 they are able to convert 50 percent, which is about 600 million That's only 7.5 percent of the 8 billion demand So the demand is very very huge So I can assure you that whatever That this company produce it will be highly sought after and which also means that they can also continue to Increase the capacity and continue to make even more money from this particular area So I think this is something that they have already been doing well in terms of turning waste into You know food into other uh feed Into fewer is something that is really really amazing. Again. I can see that you're stressed. Don't worry The more exciting part is the share repurchase program every great company If they have trust in their own company, they'll buy their own share So that's exactly what this company is also doing. They repurchase their share Okay for this particular quarter for over 100 over million Right. So next the question in everybody's mind is darling ingredient overpriced. Okay, so this is something that I'm I feel a little bit sad Okay, y'all can make a guess. Why why do you think hey, Sean and Chloe? Why do you think I'm a little bit sad? Of course, you know you're gonna lose No, no, no other than that. I mean in terms of this I Do you think this company is overpriced or underpriced? It should be should be super under value on our super under value. Wow Actually, I feel very vessel ah because I also thought that such a great company confirm overpriced one Who are but then when I went to look at the valuation only pe 14.29. Oh my god And if you compare to the five year, it is like 50% discount 50% discount Okay, July July 7 7 coming up really but this one right now are already giving you a 50% discount Not only that let's take a look at PEG. Yeah, because this is actually still a growing company If you look at the PEG, they are growing at average 34 Year on year. So 14 divided by 34 that is 0.4. Oh my god This is super super under value. I don't know why I nobody talk about this company before and this is so under But it's okay. Okay. This is exclusively for you guys. That's why I think today this company right It's really one of the best that you guys should consider Right. So if you guys love this company, you feel that what this is a great company They are here to save the world I can invest in this company and at the same time I can help the world become a better place Right and that is under value right now. Right. Can you type d a r in the chat d a r? All right. I think I'm done back to you Chloe I I after you go through your whole presentation, right? I only have a four letter word in my head It's your four F, you know food feel I just come up fun I feel motivated already motivated So much to him. A lot of people interested already. A lot of people interested already. I only got three. Three of them. It's But a lot of people got chum by you at Bowen. I think you are on the winning streak I need to stay humble. No, I don't I don't think uh, they are really that interested because I think there should be even more Comment coming in but it's okay. It's okay. I think that must be a comparison later. Y'all present first then we see how Yeah, later than we close fire later than close fire friendly first Okay, da da da da da fantastic. Wow. Okay. Well, Sean you must outperform him So that you have you have most DCC cut cut cut later. Okay So now we shall hand the stage to Sean. So if you guys are excited to hear what Sean has to share Can you type s s s in the chair Sean Sean Sean just now was da da da right now is Sean Sean Sean Just now it's da da da man. Okay. Anyway, I just share a few things So I put the poll in the telegram group already Then later they can pull them. We can see who got the highest uh vote. Okay later. We can give them a link Now first of all right guys, uh, I think bowen did a wonderful job in trying to confuse us And then trying to like make us think that it's a super good company But let me share with y'all something uh, there's a very important thing. Uh guys really you're musting true When you invest in something very important, you must invest in what you understand Frankly speaking from a scale of 1 to 10 Can you really understand turning shit into food or not? Can you understand? Have you eaten shit before now if you if you say that you can understand from a scale of 1 to 10 If you put 10 means that you always eat shit or not then So okay guys I for my segment. I want to share with y'all a particular Uh company that I think everybody can understand one. Okay, quite quite easy to understand And at the same time for my segment, I want to value it. I don't want to use power points like one They want for dinosaur dinosaur Old people uh, above don't know what age I need to wear glasses. Uh, I also wear glasses Need to wear the Things the uensi glasses are you need that? Okay guys, I show you what am I going to share with you? Very interestingly just nice You're all all every speaker on this screen is using it every speaker. You know, what is it? Okay, can you help me share can you help me share the screen? Okay, let me do it Uh, no presentation is it is a screen only? I know no slides. I said no slides We've got everybody also know okay, how many of you heard of I don't know if you all heard of this before right? Uh, if you all never heard of this before, help me type el el Okay, okay Now this company, uh, I'll show you plus my segment on the value at one Don't you just use power points like clicky clicky, uh, then confuse people I'm going to show you guys how to use but Dot google.com. This one is the latest, uh AI la sometimes you like to use chat gpt that one a little bit old really, uh dinosaur people use chat gpt Let me show this up. I show you how to analyze it together. Okay, so let's talk about, uh, act as a business analyst and share with me the business market share Uh, what else do we want to know? Uh, market share Revenue breakdown brands of lezotica. Yeah, okay later. We step like that very good and valuation and valuation Yes and valuation just now bowen say what 50 right? I show you this one, uh, by the way your glasses on uh You all must understand what is the lezotica first So lezotica, right? You must understand that they have a market share of over 40 percent Okay in the lens market and 25 percent in global sunglasses By the way in case you all didn't know so they are the top the worst leading manufacturer worst leading manufacturer later I help you search whether what bowen say is true or not Is darling ready the world market later? Later we ask, uh, this, uh, AI uh, but but google, uh, okay So you can say, okay, this is a majority shareholders also important But these are the well-known brands. Have you all heard before ray ban? Okay, wait, let me change Have you all heard before ray ban? This is the ray banner, right? Okay, so if you're heard before ray ban, you heard before oakley Please, uh, type me now. That's why I want to say I want to share with your Businesses that everybody can understand one. So lezotica or not now Now it's isilore lezotica. They they conquer both the lens and the frame market So very likely if you are wearing a lens, I mean or some specs, right eyewear Very likely they are making money. Okay our money exchange product or this one before, right? So all the eyewear typically belongs to them. Okay, so now this is not from that money It's not not from that money. It's only $15. Just buy this $15. So cheap Oh, okay now now now we understand when you buy stocks like darling Then you only can afford afford glasses. That's $15. Mine is a $300 one Not not that we extravagant, but you know, I buy stocks like this make a lot of money Then spend a bit on luxury item. No problem. Okay, so Okay, now guys, I want to share with you all a few things. I want to use like the b.o.s Checklist. We have these checklists. Let's break it down. Let's understand. They are financials. Okay, and I want to show it using A but okay Give us the 10 years Eps of Let's optical. Okay, so sometimes you're talking about a where can we find all this information, right? Actually, all these a I can help you find really Okay, taking a bit sometimes not but doesn't matter. So you're you must understand. Okay. So okay first year everything go Okay, you can see over the years except for during kovid. Okay. It went down by bouncing back out So for me, I like to actually look at this kind of company one got up got down and during bad times They overcome and then they will continue to go go on. Okay So if I were to share a few guys, right when we started the I would say I wear market Okay, it is actually quite a strong market. Okay. It's actually continuously going a lot of people thought that in now people use lazy use Let's say contact lens, but I wear market has always a place. Do you all know why anybody knows why? Like you see Chloe like you see bowen. You already are you see putting on the specs make them look a lot more decent, right? You all agree Wait, uh, you're right I'm just looking on right. You see you all look nicer now with eyewear. We all we all can see that So we can we can also where you always put on eyewear so that you can look decent Sean don't know my eyes is too like I would say distracting Too charismatic. So I purposely cover my eyes. Okay. Give us the free cash flow And just free cash flow Of Okay, so you see you can see yeah guys not only am I presenting to you? I also picture how to invest the other two did just trying to convince you that they are strong is good only But can you see free cash three cash flow? Can you see that it's very very stable? Free free free cash flow free Free free cash go free cash go. Yeah, I should say go uh trying to convince people, right? Okay But okay, maybe I should have your mom economic mode Okay, because inside our I would say uh, uh, uh, one of criteria what is The economic mode of That's optical. We see whether have or not. Huh? So I just want to share with you all something very simple And later we look at the I would say valuation. Okay, later we look at valuation Okay, so we can say what he has a number of economic mode that help to maintain its competitive advantage In the global eyewear market. Okay. So these are the mode brand power distribution network innovation economics of scale cost Of barrier to entry. Okay. Later. Just now. Hey, what's your what's your company? Owen, I think a lot of people forget already. Ah the diamond go diamond go company. Okay. Okay. Actually, I put a poll here Darling ingredients. Hey, let's see whether okay the market share market share I don't know you're also going to check. Okay, but you can see the zotica is the biggest in the world It is growing. Okay. It has strong economic mode. And now let's take a look at the Whether is it under value? Okay, we talk about under value. Ah, just now bowen you say that yours is what 50 percent ah Is it 50 percent? Yep. Yeah 50 percent. Okay. Let me show you this ah the e the p ratio Can you see the five years ah five years average is 96 Now is 35 Wow, good job at bowen for looking for 50 percent one, but but my heart somehow Whoa Don't know how to don't know how to say but mine might take 14 years to break even at y'all's take 35 years to break even So it's not about breaking even it's about looking at relative Relative valuation and just now if you dare to look at your book price to book value I very sharp on that because I like to look at price to book value price to book value yours is actually equal Okay, I just like a check ah mine. You can see price to book value is below five years average Actually, I prefer looking at price to book value and the reason is It's very simple because you can see that for Lezotica for a lot of the companies some years they are Earnings can go up and down but for the book value typically goes up Okay, typically we'll build up if they are very strong company and can make money Okay, so this is this my very short Your research can not be trusted and you look at the 96, right? I look at the past five years Is all 30 40 How come you have a 96 five-year average one? I think your morning start a bit No data Then they anyhow put a 96 over there. So I think maybe yours is overvalued by 20 percent 30 percent Not bad. Not bad. Not bad. Not bad. It means that your eyesight is it the spectacles. How right so, okay Now let me okay. Good. Good. That's why we must cross reference. I cannot always look at one on each Okay, but by good point. Good point. Good point. So actually that's why I told you already I don't like to look at p ratio P ratio can be very Confusing and based on how they measure the p ratio, but where else price to book will be a lot safer Okay, so thanks for stepping yourself in the face because your price to book is not not not undervalued, right? But mine is definitely confirmed clearly under value. Okay, so anyway, you can go and check using guru focus and Yours is darling right later. We check. Okay, the guru focus you can see the value rank Okay is seven upon ten not not perfect. Not perfect. Okay. We're not looking for perfect company Just like not perfect eyesight and got opportunity mark, right? But seven upon ten and the one that I like to look at is the price to book. Okay, price to book value Why is it In green color, right? Because it is a way below value based on the past 10 years Okay, this is the price to book value again. Yours is darling. I haven't checked yet. Darling ingredients Because we check our check just just just see I really don't know. I haven't checked before if yours is eight upon 10 Up on then then okay, then Then super for me. I'm super for me. Okay. I really don't know. I really don't know. What our shit Yours is eight upon 10. Okay, not bad. Not bad. Bowen Bowen actually gave the undervalued stock that nobody can understand But very important investing is not just undervalued I can practice shit, but never mind never mind. Okay. So so guys, uh, cc a very honest one Uh, I just I just show you uh, uh, whatever that is there. Okay, so They're asking the picture symbol. Is it eslof or esloy? Okay, the eslof One is the one that is listed in us eslo y should be listed in a somewhere else. Okay Okay, so so is eslof and and because it is at the over the counter otc That's why it is a a lot undervalued. But by the way guys How many of you hearing this stop for the first time if you are hearing this stop for the first time Go to the telegram group and then click on Sean's both for Sean Okay And you know like some people are so nice at like even before you presented they already vote for you. They're so nice What is so actually for Sean we need to factor like 50% you know, like reduction I'm the only one voting myself Okay, okay. Hey, so Okay, okay crow eastern crow eastern save the best for the second right. So now let's give them the last one Thank you. All right. I also want to thank all the all the people who are already voted for I have not presented you guys out. What is this? Aligato, aligato $2 what Ray Ben selling app. Oh, yeah. Yeah, that's right. 8,000 markup. That's why the margin should be very very thick Not very not very ethical, but that's how branded good work, right? So, okay, never mind the next one. I'm going to present to you guys, right? It's also a brand that you guys are very familiar with it's something that you can definitely understand All right, but before I share with you. All right, share with you the brands are the the company I'm going to present, right? I also want you guys to take part in these uh Small competition together. All right. So there's a big competition that we are entering right now But then there's also a mini competition a mini competition. Okay. It's right here Okay, I'm going to share my slides right now If can I share my whole position? How do I share my whole screen? You must click on the thing. So you must click on the screen that they appear Um, they give you a choice. Oh, yes Then you click on the thing that you see now. You must click on the frame again Oh, okay I cannot share the whole screen now my I will share my Cannot the doesn't allow me All right. Okay. Okay. Okay. So I'm going to present to you two stocks and you guys can choose which one do you think is a better spot Okay, okay. So yeah, you see game changer. That's why I must present to you the last Okay, so now, okay g and k based on the uh, this is revenue So in terms of the revenue uh stream, has it been consistent? Has it been stable? So which one will you vote for g or k guys? Can you tap it down in the chat for me? Which one will vote for bowen and shan wu cheng will you go for if it's g and k None of them. This kind of trick to confuse people right No, it's mental exercise. It's mental exercise. Ah, you see people participating already. You guys are not Why you all get tricked by her? Okay. Hey, you fred fredrick. How come got b one? What is b? Hey So susie will go for g. All right, some of you are going for k. Okay, but I can see most of you guys are going for g Now, okay, let's go with the next slide. Yeah. So this is the first slide Now the same two companies that are going to continue to compete with each other Right now. Okay. This is earnings per share growth. Which one will you go for g or k g or k Which one will you go for right now? I think this is pretty obvious, right So for those who are wondering why is earnings per share basically for the company for them to make profit, all right So using any per share, you can see how profitable is the company has the profit been growing or not This is what we teach in our today bill as a mba class So you can see that if you know, what is g e p s you will actually want to go for g right exactly k k One me as well exactly fantastic. Now next slide. Next slide. We haven't finished the competition yet. Next slide Now this is free cash flow So inside one of our bill as criteria, we want it to be Consistent right in fact even better Growing all right. So in this case definitely which one would be a better choice for you If you still you want to go for k type k if you want to go for g type g Now you can see one of the year k actually goes almost zero Almost zero almost zero. Okay. And then by the same time for g has been consistently positive. Right. So that's why Kelvin chose g Okay, Yuan Han also choose g Rachel also choose g fantastic. Now. Okay. Let's continue one more Next is net profit margin now The higher the net profit margin definitely there's certain Economic mode behind the company, right? So can you see g and k which one give you more confidence to invest Just by looking at the net margin itself. All right. So will you choose g in this time or will you still choose k? What do you think? Now I can see most of you guys are choosing g because you can see that g It has a net margin of more than 10 percent, which is also one of the investing criteria All right that we teach in our side our BOS But on the other hand you can see that for k even though they are in the same industry k it's almost like half half of the net market in fact less than half of What g is enjoying right? So what exactly is this company now? Let's take a look before that Okay, just do one more time one more one more because as a One more one more one more No, but this is a bonus tip for those who want to have passive income, right? How many of you will love that passive income if you love it? Can you type p in the chat p sense of passive income now dividend It's always a very good form of passive income because you don't need to do anything yet You are collecting dividends passive income by just being a shareholder now by looking at these two companies g and k Which one is good? Actually, both are good right because both of them give you passive income But there's one criteria that we teach in our BOS looking at how consistent and how Sustainable is the dividend gonna be guys anybody remember for those who graduated from our BOS, right? anybody remember what is that Important ratio that we need to look at for dividend in order to make sure that it's sustainable All right, I understand there are some graduates that just came out from our two-day BOS class last Two weeks ago last weekend. Oh two weeks ago Your brain your brain a bit like sing a sing already, uh Because I spend a whole afternoon I spend a whole afternoon doing these slides, you know That's why I my brain a little bit fried You took whole afternoon Dinosaur dinosaur Use the chat gbt or butt cam Hey, what a p.m. Some people say v. What is p.m. Okay It's payout ratio, right guys anybody remember payout ratio if you remember type pr in the chat Okay, maybe uh phone time means pr a pr payout ratio, right and for payout ratio of g Is a lot lower a lot lower than k So k is almost close to 90 already. It's almost reaching its maximum But for g it's still at the 50 percent mark. So it still has potential to grow even more for dividend Sean, you're doing exercise. Ah, you want to boring, uh, I don't feel asleep already You are going to do four feet, right? That's why we are rehearsing for your four feet later No, I worry I worry that I don't get to do push-out. So I exercise myself Now I believe you guys Anybody here are serial lovers and that's why I have been eating cereals the whole night because I love cereals and According to research on this is Back by statistics one. Okay. Sean later. You can go in google Gis this company is called gis it boasts 34 market share for the us serial market And just in serial sale alone. It was 3.1 billion dollar All right How many of you have heard of this company called general meals before if you have can you type gis in the chat Now for those who have been to us, right you was when you go to supermarket They are like ours and ours of cereals, right? But always this company always have the best positions in terms of when you go in It's always in the center. It's very easy to grab them because people really love these brands. All right And on top of that I personally try serious before this is the best to me. I think lucky charm is the best Do we have it in Singapore? Lucky charm is the best. I seldom eat cereal when I eat lucky charm. I fell in love with cereal and Sure or not Personal endorsement But you see we don't see any of the speakers eating cereal here, but we all see them wearing spectacles Do your kids eat cereal Sean? Do your kids eat cereal? No, it's kind of like junk stuff I rather eat a shit that bone Hey, I want to see how many of you or your children or your family eat Still eat cereals now or day Nobody eat Can I see nothing to eat then maybe grab some cereal Cereal is like our home staple breakfast Now if even if this Never eat cereal doesn't mean that the rest of the group people here are the good people here Don't eat cereal is this Susie also eat cereal. Hey, don't stop guys Everybody eat cereal Can we go to the valuation or not? And apart from cereals right, they have so many other brands like snacks like yogurt I think I'm pretty sure that some of you have encountered these kind of brands in in Singapore before and you probably Purchase it before right and you and your family love it, right? So next time be be instead of being just a consumer you can become a shareholder G is and on top of that how many of you love Hagen Daz If you love Hagen Daz, right type i in the chat i stands for Hagen Daz ice cream And I was actually very surprised to realize that Hagen Daz is actually part of gis I was so shocked. I was like, huh. I didn't know Hagen Daz is belongs to gis I always love Hagen Daz Sean don't tell me you don't love Hagen Daz You definitely love ice cream, but you just control yourself not to eat it. That's it. Huh. Are you sure you know who I am or not? Could we you think I you haven't seen me eating ice cream before? Have you ever? Hey, these are all junk. I think your kids still love ice cream. No, no You need to take all this cereal all this ice cream give to Bowen's company then they will this all all these are junk I need to turn all this into Hey guys if you are too many people love you all need to change your glasses They all love ice cream. They all love cereal. It's the world is becoming more health-conscious Basic joy in our life. All right. We just need to work out so that we can continue to live a healthy life Now, okay, let me share with you. What is the market share right? Valuation, valuation, valuation Later we're going to renovate The good thing comes up patients guys patients are as investors we must cultivate patients Okay, so we can see that we have uh international sales We have north american food services sales and we have pet food sales as well So you can see this company. It's very diversified not just in terms of region-wise It has very diversified product range as well, right and on top of that if you compare just now What is the care key is actually kellox? All right. So maybe some of you also enjoy uh kellox products But if you compare these two companies, uh general meals definitely Stand a much better financials. All right as compared to kellox as well, right? And I think it's also better than The darling food, the darling food, which I totally don't understand when I was just looking at the presentation just now Also confused. I don't even know what it's Bowen talking about now valuation. Okay, so To agree This is definitely not End of game end of game I think Racial of 17.89. I think it's considered okay. Like it's considered fair Like let it go. Okay. Even that this is a household brand and just like Just now, right Whether is it economic has prices Have recession or not people will still eat staple food. How many of you agree? All right. How many of you still will buy staple foods like this? I I go buy rice company Jeremy now buying cereal now buying staple food. I see your vote All right, so you can see that even though the valuation It's fair, right? Let me tell you one more thing. Based on technical analysis, for those who have been to our class before, you will see that, okay, why do we want to be greedy when other people are fearful right now? Because this is exactly what Warren Buffett said. During the recent time, wow, I accidentally blocked Bowen's face for too long, which I purposely do. So recently, with all the tech stocks that keep on going up like crazy, right, you shouldn't be chasing the tech stock hype. That's why we should be looking at stocks that are being punished, right? Punished already still overvalued. Oh my God, this company like how to buy? The stock has been dropped 7% since this year. Now, let's take a look at, if you look at technical analysis. For those who understand support and resistance, which we teach in our class as well, you can see that right now actually dropped to a very good support. And that is why if you combine fundamental analysis, very stable company, fair valuation on top of that is at a good technical analysis support. This is where your chance of making money is a lot higher and your risk is tremendously reduced. Can everybody type R in the chat, R sense of reducing risk. That is the most important thing when it comes to investing. We need to reduce our risk. And if you look at it for the past five years, just by buying and holding onto this big brand, right? A consumer stable company, boring, but it gives you a 70% return just in the past five years. Other people make the money already. And on top of that, it gives you a dividend. Guys, can you see the dividend yield? What is the dividend yield if you hold onto it? It's 3%. So factoring dividend yield and on top of that, every single year, you have close to 15% compounded. And you pay tax for 30%. So that's 20%. Just by buying for half a year, 20% yield on year. So that's why we need to look into the future. So that's why if you have not joined our bossy BOS telegram, we share a lot of insights over there. Make sure you join us as well. This one confirm undervalued. Suddenly all of us agree. I joined already or not? Very undervalued. So Sean and Bowen, what do you think? What do you think about my presentation? Guys, remember to go and vote for me. So that later you can see Sean and Bowen do handstand plus dancing and singing at the same time. You can go to the telegram right now and vote. You got the link for them or not? You got the link for them right? Because only you can post. Okay, let me post. I must give the people here the link. Because those people that are in the next level academy, all your fans. You haven't started already? Even me. Have you got any concluding statement or not? We give concluding statement first. Concluding statement? Hold on. I also need to send this voting thing to the BOS telegram. So that everybody can vote. I see my percentage going up already. Finally the people here are joining. Bowen, you for sure lose one. You are so far away. They are joining in. Come guys, we can turn around. Wow, it's like you can see life up there. So excited. For those who are voting, you can still retract the vote. You just press, then you can retract. You can change the vote. Let me vote for myself one more time. I vote for Bowen. You voted for Bowen? I was just testing out for Bowen. You are so far away. I'm too far away. Guys, I show something first. Chloe, can you help me share my screen? I show you something very interesting. This one, I ask them, if you are Warren Buffett, which top would you rate higher? Darling, ingredient, Lezotica, or General Mears? Guess what? If I'm Warren Buffett, I would rate Lezotica higher. This one, not Lezotica. Why? Because they talk about valuation. Lezotica has a stronger track record of financial performance. This one, please. Everybody use these coming money. Then you don't need energy for you. It needs more intelligence. They are still involving. Next year, they will definitely give you a different answer. This is very, I would say, objective. You all go at the time. It's not I manipulate anything. It's very objective based on data, based on the best brains in the world right now, which is about a Google right. They are suggesting that we should vote for them. Concluding statement, everybody concluding statement. We can go first. Chloe can go first. We have 460 people. We only have 200 votes right now. I think the rest of you guys, if you want to see Sean and Bowen to be punished, make sure you vote for me right now. They see me do push-up already. I post a lot of push-up videos on YouTube already. Let's look at Chloe and Bowen doing it. More interesting. Okay, so guys, you see, don't be shy. In front of the camera, it must look nice right? So right now I removed my glass already. Guys, remember to vote for me. Concluding statement. Okay, my turn. Your vote just dropped because of that. Okay, now my turn to fight back. Okay, so guys, you see Chloe so pretty. You see Sean so handsome. So today right, if they go and do the dance, and they sing for you right, I can tell you that is the most important highlight for this webinar. If I do both of it right, then it's like normal. It's like Jackson Wang doing it. It's like you just go YouTube search Jackson Wang sing and dance. You see it every single day already. So make sure you let me win. Then you can see the two of them sing and dance. Like that one. Your concluding statement is not about the stock. You are using what emotional kind of... You see Bowen not as handsome and sweet as Sean. So he needs to do the push up. And then when you dance with the audience and you pick them up. After this persuasive talk right, Bowen's vote is catching up like crazy. Can you see? Because now he was half bar. Right now he's almost like going to take over me. But we need more. We need more. We need more definitely. Hey closing earlier. You all want to wait until what? Okay. Then I can continue to pull vote. Yes, don't eat cereal. Don't eat the shit turned into food. Just wear sex. Wow, concluding already. Okay, so before we finally conclude the vote. Before that, let me just... What? What? What? Hey, I think Chloe is going to take over Sean very soon. We just need to give it another one hour later. I will take over Sean. You go and do push up now. Let's clap for Chloe and Bowen. Doug CCC for them to... Are you supposed to... I'm doing push up. Yeah, same as Bowen. Hey, must really do one. No, just now they were saying handstand. I really cannot do handstand. Just try. Your bait behind. The most drop on the bait only. Bowen, where are you going to do handstand? I'm already doing handstand. You must turn your computer around. Hey, Chloe. Chloe, you do first. I do first. Sing for us. Sing for us. You can do handstand at the same time. Just sing for us. You see, Eddie said you have a far-fetched claim. You see? Not the number one supplier. I never said they are the number one. I said they are just a very small player. But they already make some money. You didn't say that. I said that for the SAF. They are just a small player. Oh, SAF. Eddie, Eddie. Later we will watch. Okay, okay. While we do the 4-feet, we must make sure that our students, our audience here, they can also learn together with us. So what's going to happen is during this 4-feet time, we are going to share with you what are some additional learning resources. So what's going to happen is, oh, by the way, I haven't shared with you guys during our 2-day BOS Japan. We just had our BOS Japan last weekend. And one of the stock is a very boring stock that we all look at it together. It's actually Coca-Cola. Why are you continuing to share? I think Bowen can do handstand first. Yeah, Bowen can do handstand. You remove your green screen so that we can check that you are doing handstand. Okay, Bowen. Okay. Bowen, maybe you can do handstand. Are you going to do handstand? So why we look at this, right? Because the economic mode of Coca-Cola is so strong. How many of you agree that Coca-Cola has a very strong branding? If you agree, can type K-O in the chat. Once you drink K-O, you are K-O one. Because it's so strong, so powerful, the network effect, the brands and everything. And that's why when we look at this company, we have 10 upon 10 kind of score. But at the same time, recently the stock price also dropped. It's a consumer's staple once again. And right now it's giving you 3% dividend yield. So this is what we shared during our build as Japan. And for those, I think most importantly, for those who also want to learn how to invest with proper analyzing system rather than just buy stock based on your friend's recommendation. Don't do that. Make sure you really do the proper check. Like what Sean went through. Like what BoBong went through as well. Then do join us in our upcoming 2-day BOS. Because in our 2-day BOS, we will really share with you exactly how can you analyze stocks and what are the valuation method as well. So today was just a very quick glimpse of what you are going to learn. And we are super excited to have you here. Our upcoming workshop will be happening end of this month, during July end of this month. And together with me, we will have Isabella as well. So Sean's face is just for show one now. Because if not, 2 pretty ladies I think all of you guys will fuck over here. And that's why we just want to make sure we put Sean's face as well. So you put my face so that lesser people join. To amplify the beauty. You need a reference. Suddenly you see Chloe and Isabella is suddenly so pretty. Yeah, exactly. What are you talking about? You are already very pretty Bowen. What are you saying? If you have joined before, feel free to join us again. Because it's 2 days, completely free. We are going to go through a lot of stocks together. Analyse based on the current market situation. Every batch is different. Do join us via the link over here. Just scan the QR code. In the meantime, are you ready to do 4 feet already? Yeah, ready to do 4 feet. Let's do it together. Together? It's handstand. Chloe do handstand, Bowen sing. Okay, okay, can. Let's do it. Handstand. Oh my god. Do it on the bed. Huh? Do it on the bed. In case you fall, you have... What song do you want? Let me try. Let me try. Alright, alright. I'm going to do a rap right now. Let's say Chloe doing handstand. And while you are doing it, remember to vote for Bowen. Continue to vote for Bowen. For darling ingredient. Turn your go into diamond. Turn your diamond into diamond. I was trying very hard. Okay, then you sing something. I think my shoulder is not strong enough. Can you teach me how to do handstand? I really want to learn. Look at my face. Maybe Sean should do handstand for me. Since I cannot do. Since I cannot do. You must do some 4 feet. Otherwise, you must all know the worst one. Bowen, you want to sing? Yo, yo, yo. What song is that? Just sing one parallel. Come, let's do it. What song? Happy birthday. Happy birthday to me. Sean's Birthday is coming up. So happy birthday to Sean. Happy birthday to Sean. Happy 50 birthday Sean. Happy birthday to Sean. Happy birthday, Alamah. Good for you, Sean. Everybody type happy birthday, happy 50th birthday for Sean. Yes, type 50, type 50. And then in next week, we are going to share some very, like next week are Sean, 50 years old already, right? That's why you are going for what, six weeks vacation, isn't it? Six weeks vacation. You all say things are not accurate on that. Anyway, next time, we must put the profit. So that's doable and we think about it. Try handstand already. Sean, where are you going next week? No, I'm going for reservis. So I'll be in camp. You guys have fun. So continue to value add. She's doing the handstand now. So while Chloe is doing the handstand. She looks like what? I think our follower just dropped. The number of people suddenly dropped by 20. At least I tried. I think I sing a lot. Okay, let's announce. So next week, it's going to be very, very exciting because Sean is not going to be around. So there's only left with Chloe and myself. So next week, we no longer have the SCB. We only have the CV left. The stock that we're going to talk about is we are going to talk about the CV stock. So which also means that we're going to talk about the circuit breaker stock. We are company that have done extremely well. Their sales has exploded during the CB period. So if you guys are excited about what we are going to share next week, type CB in the chat. Later the whole channel get banned. Super happy already. I'm not a circuit breaker. Even Singapore government users, don't worry. It's a CB show. HP 50. Handsome Bowen 50. This means happy birthday 50 Sean. Sure, sure, sure. No, actually Sean is not 50. Sean is not 50 years old. They are just 55. Older than Singapore. Thanks for joining us. In the next one, you all must go and do the handstand. The next competition or debate, you all do handstand and debate. They will be exciting. You see, I look pale after I do the handstand. You see, I tried so hard. I tried to do forfeit. But the next time, you should double your forfeit. You do already your handpale. I haven't do my taste really. We do a quick summary. This is what we talked about today. I can't remember Chloe. General meals, unhealthy food, eating a lot of ice cream, a lot of sugary. Happy food. Bowen one is darling. Eating gold. The black gold that we deliver. All these three talks, go and do your own new diligence. We did some homework. These are things that are possibly worth looking at. Let's continue to have fun. We will see you guys soon next week. See you guys. See you guys next week. Bye. Enjoy your vacation. Bye.