Good summery. I am a believer of Teoh too. He has the vision to move first to consolidate and the determination to increase efficiency. It generates free cash flow a lot more significantly than other competitors in the past 8 years.
But like you said, the market matures a lot more now. So based on the current status and conservative estimate, what do you think is TPM worth at the moment?
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Should be good results, page-6
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