Valuation...... Tang Bao's interest suddenly increased, he basically did not personally manage the Phoenix Investment Group, although he had a point in his heart about the asset value of the Phoenix Investment Group, but it was only a rough estimate range, as for the detailed asset valuation, he could not know.

After all.

Phoenix Investment Group is a fast-growing company, and it is a very specialized and complex issue to accurately assess the value of assets.

"Uh, boss, the valuation report is in my office, I'll go get it right away!" When Horst saw Tang Bao's demeanor, he immediately understood that the boss was very interested in it.

"Hmm."

Tang Bao smiled and nodded.

Immediately, Horst rushed out of Tang Bao's office. Within minutes, Horst was returning with two folders.

"Whew."

Horst gasped slightly, handed one of the folders to Tang Bao, and said intermittently, "Boss, this ...... That's what it is...... Evaluate the valuation report developed by the company...... Tell! ”

See here.

Tang Bao took the folder with a smile and said, "Heh, Horst, it's only been a long way to go, and I'm so tired that I can't breathe...... It seems that there is a serious lack of exercise. ”

"Hmm."

Horst nodded with a wry smile, sitting in the office all day long studying and analyzing various investment reports, the power is enhanced, but at the same time, the pressure is also increasing, the nerves are tense all day long, and I dare not relax a little, how can I have leisure time to exercise. Horst hadn't realized this before, but after running for a few minutes today, he clearly felt that his body had really deteriorated.

"Boss, this is not unique in an investment company, many capable employees are immersed in their work, and there is basically no opportunity to rest."

"Huh?"

Tang Bao was suddenly stunned, staring at Horst, who was gradually returning to normal. He said very puzzledly: "Phoenix Investment Group has always been on weekends, rarely working overtime, and all kinds of holiday applications are also very lenient, it seems that there has been no cruel squeezing, right?" ”

"Well, no. On Wall Street, the various welfare systems of our Phoenix Investment Group are very good, and you are also the most generous boss, boss. Nowadays, many elites are squeezing their heads and want to drill into the Phoenix Investment Group! But it is precisely because of this that the pressure on the employees of Phoenix Investment Group is even greater. Once they slack off and stagnate, they may be ruthlessly eliminated...... As the level increases, this competitive pressure will also increase geometrically. Horst explained in detail.

"Oh."

Tang Bao nodded knowingly, but didn't say anything more. Competition in the workplace is inevitable in any company, and there is no progress without competition...... Reasonable competition will drive everyone to make progress together. For a large company like Phoenix Investment Group, an ordinary employee with a little bit of seniority. The annual year-end bonus, to say the least, can get 108,000 US dollars, and the middle and senior management will get more. However, this kind of high-paying position is limited after all, if you don't want to be overtaken by others and be eliminated. That can only tense your nerves and work hard, leaving your opponent far behind.

It's brutal.

But it is also very fair, everyone accepts the same law of the jungle, that is, survival of the fittest. Survival of the fittest!

Ay.

Behind every glory and glamour, there will be unknown sweat. In this regard, Tang Bao could only sigh with emotion. But there's nothing to change.

The staff of Phoenix Investment Group are all under the test of a set of laws of the jungle formulated by him, while Tang Bao and Phoenix Investment Group will be baptized in blood and fire in the larger jungle. No one can escape the competition unless one day you become the ruler of the rules of this world.

……

After sighing, Tang Bao did not continue to talk about this topic in depth, but calmed down and carefully opened the valuation report handed over by Horst.

Phoenix Investment Group's Asset Value Appraisal Report! Client: Phoenix Investment Group. Name of Appraisal Agency: Maigu Asset Appraisal Services Company. Date of report: 18 September 1988.

Tang Bao quickly glanced at the homepage, and quickly flipped to the text, he was also looking forward to how large the asset value of Phoenix Investment Group would grow.

The text of the appraisal is dozens of pages long, involving the purpose of the appraisal, the scope of assets to be appraised, the principles of appraisal, the methods of appraisal, and so on.

For these.

Tang Bao didn't bother to take a closer look, so he hurriedly skimmed over it and found the conclusion of the assessment.

McGough Asset Valuation Services' valuation methodology is a very interesting way to cleverly evaluate the assets of each division of Phoenix Investment Group separately and then add them together to obtain a total asset appraisal value. Although it seems simple and easy to understand, there is also an irrationality, because sometimes one plus one does not equal two, and the effect of adding up may be much greater than two.

Call.

Tang Bao did not approve of this method of asset valuation, but he was not in a hurry to deny it, he also wanted to see how valuable the various departments of Phoenix Investment Group were.

Then look down......

There are no major changes, and the value of the assets of the stock trading department is indisputably the vast majority. A total of 293 stocks were invested, with a total value of US$6.5 billion.

"Sixty-half a billion dollars?" Seeing this valuation, Tang Bao's brows couldn't help frowning slightly, he remembered that at the beginning of the year, the assets of the stock investment department reached 6.3 billion US dollars, and more than half a year has passed, how can it only increase in value by 200 million US dollars? It's not scientific at all!

Early.

The valuation of $6.3 billion is not as good as BP shares, and today, Phoenix Investment Group owns 13.59% of BP shares, which is worth at least $1.5 billion even at $40 per share.

"Horst, are you sure that Megu's asset appraisal company is reliable?" Tang Bao frowned and asked.

"Uh...... Boss, the scale of the Magu Asset Appraisal Company is not the largest, but it is not small and authoritative. I have read the report, and I can only say that the valuation is somewhat conservative, but there is not much difference. They just rely on their credit, and it is impossible to be sloppy in this regard! Horst explained.

"Oh? Horst, you mean, the equity investment department really only has assets of six and a half billion dollars? I remember that at the beginning of the year, there were $6.3 billion, and in June and July, I bought more than $1 billion of shares of BP oil company in the United Kingdom. Could it be that a certain stock held by him has plummeted......" Tang Bao did not rush to make up for the result, but asked suspiciously.

Hear the words.

Horst couldn't help but show a strange look, quickly regained his composure, and then explained in a low voice: "Boss, among the stocks we hold, there are indeed some stock prices that have plummeted recently, which is why the asset value of the stock investment department has not increased much. And the biggest drop was in the shares of BP oil company in the United Kingdom......"

"What, the stock of BP oil company in the United Kingdom, isn't it already stable, why did it suddenly plummet?" Tang Bao was surprised.

"This ...... Boss, I called you to report this to you a long time ago. You may not remember when you were busy with East West Bank. Horst said helplessly.

Reminders?

Tang Bao was stunned for a moment, thinking about it but never recalling, as Horst said, he focused all his energy on the expansion of East West Bank, except for things related to this, he had long ignored everything in the outside world.

"In early July, more than 100 people were killed in an explosion at the Alpha oil platform in the British North Sea oil field. At the same time, BP also expects that due to the explosion of the Alpha oil platform, the oil platforms around Alpha will be affected and production will be suspended, and the North Sea oil fields will reduce their holdings by 12%...... As a result, the share price of BP has long since fallen below forty dollars. Recently, the stock price has been stuck at around $234. This is much lower than the original cost of holding shares, and at present, investing in BP oil shares in the UK is a floating loss, with a loss of about $300 million. Horst explained in detail.

What the.

Such a big thing happened to BP Oil in the UK! Tang Bao was surprised, but as for the floating loss of investment, he didn't have any worries.

"In addition, some bank stocks and real estate stocks held by the equity investment department have also been hit." Horst continued.

"Real estate stocks, bank stocks, didn't I remind you a long time ago?" Tang Bao asked unhappily.

See here.

Horst couldn't help but smile bitterly, and had to explain carefully: "Boss, it is true that we do not directly hold bank and real estate stocks, but many companies operate across borders. Just like Enron and Yuntong, which are more or less involved in the banking and real estate industries, they have also been impacted, and their stock prices have fallen. And these two companies are heavy stocks held by Phoenix Investment Group, and our losses are not small. ”

"For a variety of reasons, the valuation of the stock investment department of McGu Asset Appraisal Company is very consistent with the current stock market value."

Well.

Tang Bao couldn't help but nodded, and didn't continue to ask. Then bury your head and look at the asset valuation report.

The assets of the Futures Investment Department are valued at $900 million. The assets of the Bond Investment Department are valued at $1.5 billion. The assets of the venture capital department are valued at $1.5 billion. The assets of the asset management department are valued at $200 million. Another $370 million in cash. Phoenix Investment Group's total value is $9.62 billion!

$9.62 billion.

This is the final appraisal price given by McCoo Asset Appraisal.

"Heh......"

When he saw that the asset valuation of the venture capital department was only $150 million, Tang Bao couldn't help but laugh and laughed angrily. The venture capital division owns 10 percent of East West Bank and 65 percent of Cisco...... Even if there were only these two companies, they would not be worth a mere $150 million.

Nima's, $150 million, are you kidding me.

"Hoo ......"

Holding back without getting angry, Tang Bao took a deep breath and said coldly: "Maigu Asset Appraisal Company...... I don't care if he is really an authority or pretending to be crazy or selling anything, and I am not allowed to cooperate with them in any future transactions related to Phoenix Investment Group. Let them die! (To be continued......)