An Asian tiger in the making

[Protest_again]

@waz
@LeGenD


Bros, can we have a look at this thread as there seems to be some people who are trolling here and trying to ruin an interesting discussion?

Lol. You make Jokes, we laugh and then you call police? Not fair.

 

[UKBengali]

This is massive and just one of the "Hi-Tech" Parks that has been set up in the last decade to propel BD up the industrial ladder.

By November 2020, 5 companies employed 13,000 workers at the site. There would be many more by now.

With all the firm proposals, 50,000 hi-skilled employees will be employed at the site in 2025 by mainly BD companies.

Bangabandhu Hi-Tech City likely to get $1.3b investment by 2025

Oryx Bio-Tech Limited was struggling for quite some time to find a suitable plot near Dhaka for building a large manufacturing plant -- the first-ever plasma fractionation plant in Bangladesh.

www.thedailystar.net

"Bangabandhu Hi-Tech City likely to get $1.3b investment by 2025​

:In the next three years, Oryx Bio-tech will invest $300 million in BHTC and has proposed to employ 2,000 workers in the plant.

Oryx Bio-Tech Ltd is just one of the 70 tech companies that have invested millions of US dollars in BHTC to produce world-class tech-based products in Bangladesh.

So far, 44 companies have been allotted plots in the park and many of them have started to construct their factory buildings."

 

[Kyusuibu Honbu]

You are so interesting. As the anus of the earth,

Of course you do, dingleberrries always finds anus interesting, since they hang off it

Like all dingleberries, your kind needs some good old ishi unit cleansing

 

[GreatHanWarrior]

Of course yo do, dingleberrries always finds anus interesting, since they hang off it

Like all dingleberries, your kind needs some good old ishi unit cleansing

I like your style very much. Are you responsible for funny and entertainment in PDF?

 

[Bengal71]

Bloody low caste Hindus and their inherent inferiority complex is destroying our discussions.

Mods, pls help!!!

Low caste Nilgiri now has multiple accounts and uses them to spam!!!

What's this with low caste/high caste Hindu argument? Just criticize the person's posts and report.

 

[UKBengali]

Bloody low caste Hindus and their inherent inferiority complex is destroying our discussions.

Mods, pls help!!!

Low caste Nilgiri now has multiple accounts and uses them to spam!!!

This was the "economics expert" who was making fun of Walton for having less than 1 million US dollars in exports 3 years ago.

Now this fiscal(July 2021-June 2022) it will have exploded to more than 100 million US dollars and it keeps coming back under multiple accounts.

 

[Protest_again]

This was the "economics expert" who was making fun of Walton for having less than 1 million US dollars in exports 3 years ago.

Now this fiscal(July 2021-June 2022) it will have exploded to more than 100 million US dollars and it keeps coming back under multiple accounts.

Lol. Did you see their financial statements? Or are you already assuming that they would achieve it as they set it as goal? There will be huge egg on your face in the very near future.

 

[UKBengali]

Another troll who cannot think more than in a shallow sense as that is all his ilk are capable of.

They already passed this figure in the first 9 months(July-April) of the fiscal and so unless they have massive recalls and refunds they will have achieved their target for this fiscal of 100 million US dollars from exports.

Food for thought - they are selling 3 million US dollars worth of TVs each year just in the tiny 4 million population Croatian market now.

 

[Protest_again]

^^^ Another troll who cannot think more than in a shallow sense as that is all his all his ilk are capable of.

They already passed this figure in the first 9 months(July-April) of the fiscal and so unless they have massive recalls and refunds they will have achieved their target for this fiscal of 100 million US dollars from exports.

Food for thought - they are selling 3 million US dollars worth of TVs each year just in the tiny 4 million population Croatian market now.

lol. can you share a link that claims that they passed that number?

 

[SMX 3.0]

lol. can you share a link that claims that they passed that number?

More important question is whether we can even believe the figures quoted by the "Book fudging corporation".

Curiously, despite the higher profits and turnover in the 2018-19 financial year, the company's closing cash and cash equivalents dropped 9.78 per cent to Tk 102 crore, according to the prospectus.

At the same time, overall trade and receivables trebled to Tk 1,184 crore, which means the sales were made mostly on credit.

And, most of the sales were to Walton Plaza, a sister concern of Walton Hi-Tech Industries. Walton Plaza buys products off Walton Hi-Tech to sell to sub-dealers and end users.

In the last financial year, Walton Hi-Tech's sales to Walton Plaza rose 138.6 per cent to Tk 1,602 crore.

After the sales, Walton Hi-Tech's receivables from Walton Plaza stood at Tk 1,048 crore, which was Tk 440 crore a year earlier.

"Walton's sudden sales on credit, especially in the listing year, are doubtful sales," said Mohammad Mohiuddin Ahmed, executive director of the Financial Reports Monitoring Division at the Financial Reporting Council.

Walton has great prospects. But questions hang over its IPO prospectus.

Local electronics giant Walton is, arguably, going through a purple patch.

www.thedailystar.net

BTW they have stopped reporting R&D expenditure. The last reported figure was a whopping 350K USD.

 

[UKBengali]

Do you ever see Bangladeshis commenting on Indian affairs?

Why do these Hindu trolls bother us so much?

Are they scared that we will dominate them again like the MUGHAL era?

Because of nukes that’s not going to happen.

Hindus need to relax!

We will not enslave them thanks to the nuke given to them by Muslim guy.

I do not want to directly address your points as this would just be derailing the thread.


50% of the GDP of Mughal India was actually from Bengal(Bengal, Bihar, Orissa and BD) and so when people refer to the wealth of Mughal India what they are in fact referring to is the wealth in this part of the empire. Most of the rest of India was no better off than W Europe at the time.


We are seeing a new "Bengal" now being formed composed of BD, W Bengal, NE States, Nepal and Bhutan and I think the economies should be fully linked by FTA/infrastructure in goods,services and energy by 2030.

The region is perfectly balanced in terms of population and natural resources that includes 10s of GWs of hydroelectric electricity potential in Nepal and Bhutan. BD companies would then have a large enough "home" market to allow them the economies of scale to gain enough revenue and develop the technologies to keep competitive.

This should in decades to come be the richest part of the sub-continent as it will be centred around the BD economy that will drive growth in the whole region.

 

[SMX 3.0]

This should in decades to come be the richest part of the sub-continent as it will be centred around the BD economy that will drive growth in the whole region.

We can fantasize about low-ECI-score BD emerging as the richest part of the subcontinent later, where is the source for Walton realizing $100 million export revenue?

 

[mmr]

More important question is whether we can even believe the figures quoted by the "Book fudging corporation".

Curiously, despite the higher profits and turnover in the 2018-19 financial year, the company's closing cash and cash equivalents dropped 9.78 per cent to Tk 102 crore, according to the prospectus.

At the same time, overall trade and receivables trebled to Tk 1,184 crore, which means the sales were made mostly on credit.

And, most of the sales were to Walton Plaza, a sister concern of Walton Hi-Tech Industries. Walton Plaza buys products off Walton Hi-Tech to sell to sub-dealers and end users.

In the last financial year, Walton Hi-Tech's sales to Walton Plaza rose 138.6 per cent to Tk 1,602 crore.

After the sales, Walton Hi-Tech's receivables from Walton Plaza stood at Tk 1,048 crore, which was Tk 440 crore a year earlier.

"Walton's sudden sales on credit, especially in the listing year, are doubtful sales," said Mohammad Mohiuddin Ahmed, executive director of the Financial Reports Monitoring Division at the Financial Reporting Council.

Walton has great prospects. But questions hang over its IPO prospectus.

Local electronics giant Walton is, arguably, going through a purple patch.

www.thedailystar.net

BTW they have stopped reporting R&D expenditure. The last reported figure was a whopping 350K USD.

Is it really the truth? 350k on r and d? That cant be right lol.

Also i mentioned before bd companies dont follow sox standard. That is red flag it self. Seems they are counting interco sales as part of external revenue.

 

[Protest_again]

Is it really the truth? 350k on r and d? That cant be right lol.

Also i mentioned before bd companies dont follow sox standard. That is red flag it self. Seems they are counting interco sales as part of external revenue.

I mean they cut a huge 10ft cake for every 100 televisions or refrigerators they export to European badlands and pay the lifafa journalists to write some glory articles about how the company is conquering the world. All of it is to make the gullible Bangos into thinking they are buying into a brand.

 

[SMX 3.0]

Is it really the truth? 350k on r and d? That cant be right lol.

Last time they reported their R&D expenditure was in FY 2019-20. I don't know why it is plaunder selling & distribution expenses head though.