Highlights
KLSE: YINSON (7293)       YINSON HOLDINGS BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
4.65   +0.04 (0.87%)  4.58 - 4.68  428,800
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Ann. Date Details of Changes View
From To Type No. of Shares Min Price Max Price Total Amount
14-Feb-2019 14-Feb-2019 14-Feb-2019 Buyback 15,600 4.070 4.080 64,067.47 View Detail
04-Feb-2019 04-Feb-2019 04-Feb-2019 Buyback 50,000 4.050 4.090 204,371.55 View Detail
29-Jan-2019 29-Jan-2019 29-Jan-2019 Buyback 20,000 4.090 4.100 82,497.97 View Detail
24-Jan-2019 24-Jan-2019 24-Jan-2019 Buyback 10,000 4.040 4.040 40,695.52 View Detail
23-Jan-2019 23-Jan-2019 23-Jan-2019 Buyback 16,800 4.030 4.040 68,247.57 View Detail
22-Jan-2019 22-Jan-2019 22-Jan-2019 Buyback 15,200 4.040 4.050 61,957.83 View Detail
18-Jan-2019 18-Jan-2019 18-Jan-2019 Buyback 60,600 4.040 4.090 247,339.76 View Detail
17-Jan-2019 17-Jan-2019 17-Jan-2019 Buyback 136,000 4.090 4.170 563,255.98 View Detail
16-Jan-2019 16-Jan-2019 16-Jan-2019 Buyback 22,000 4.170 4.180 92,520.66 View Detail
15-Jan-2019 15-Jan-2019 15-Jan-2019 Buyback 1,600 4.180 4.180 6,737.14 View Detail
14-Jan-2019 14-Jan-2019 14-Jan-2019 Buyback 2,400 4.180 4.180 10,106.20 View Detail
11-Jan-2019 11-Jan-2019 11-Jan-2019 Buyback 15,000 4.180 4.190 63,259.15 View Detail
10-Jan-2019 10-Jan-2019 10-Jan-2019 Buyback 68,900 4.150 4.190 288,274.49 View Detail
08-Jan-2019 08-Jan-2019 08-Jan-2019 Buyback 6,400 4.190 4.190 27,011.95 View Detail
07-Jan-2019 07-Jan-2019 07-Jan-2019 Buyback 20,000 4.200 4.200 84,613.20 View Detail
03-Jan-2019 03-Jan-2019 03-Jan-2019 Buyback 3,600 4.170 4.170 15,122.58 View Detail
02-Jan-2019 02-Jan-2019 02-Jan-2019 Buyback 25,100 4.160 4.180 105,215.61 View Detail
31-Dec-2018 31-Dec-2018 31-Dec-2018 Buyback 43,300 4.160 4.180 181,668.02 View Detail
28-Dec-2018 28-Dec-2018 28-Dec-2018 Buyback 14,000 4.180 4.190 59,047.71 View Detail
27-Dec-2018 27-Dec-2018 27-Dec-2018 Buyback 91,000 4.200 4.280 386,701.56 View Detail
26-Dec-2018 26-Dec-2018 26-Dec-2018 Buyback 4,000 4.220 4.220 17,003.35 View Detail
21-Dec-2018 21-Dec-2018 21-Dec-2018 Buyback 87,600 4.110 4.140 362,593.05 View Detail
19-Dec-2018 19-Dec-2018 19-Dec-2018 Buyback 21,500 4.130 4.150 89,747.31 View Detail
18-Dec-2018 18-Dec-2018 18-Dec-2018 Buyback 318,200 4.140 4.280 1,343,029.61 View Detail
17-Dec-2018 17-Dec-2018 17-Dec-2018 Buyback 45,500 4.290 4.300 196,231.44 View Detail
12-Dec-2018 12-Dec-2018 12-Dec-2018 Buyback 20,600 4.240 4.250 88,090.07 View Detail
11-Dec-2018 11-Dec-2018 11-Dec-2018 Buyback 160,000 4.220 4.270 681,223.99 View Detail
10-Dec-2018 10-Dec-2018 10-Dec-2018 Buyback 40,000 4.260 4.280 171,622.93 View Detail
07-Dec-2018 07-Dec-2018 07-Dec-2018 Buyback 33,300 4.270 4.290 143,103.92 View Detail
06-Dec-2018 06-Dec-2018 06-Dec-2018 Buyback 100 4.280 4.280 469.13 View Detail
05-Dec-2018 05-Dec-2018 05-Dec-2018 Buyback 33,900 4.270 4.290 145,727.02 View Detail
04-Dec-2018 04-Dec-2018 04-Dec-2018 Buyback 10,000 4.290 4.290 43,213.27 View Detail
03-Dec-2018 03-Dec-2018 03-Dec-2018 Buyback 38,300 4.290 4.300 165,214.04 View Detail
30-Nov-2018 30-Nov-2018 30-Nov-2018 Buyback 108,000 4.290 4.340 467,302.77 View Detail
29-Nov-2018 29-Nov-2018 29-Nov-2018 Buyback 25,000 4.320 4.340 108,766.39 View Detail
28-Nov-2018 28-Nov-2018 28-Nov-2018 Buyback 41,800 4.340 4.370 182,797.57 View Detail
27-Nov-2018 27-Nov-2018 27-Nov-2018 Buyback 33,200 4.340 4.360 145,008.28 View Detail
26-Nov-2018 26-Nov-2018 26-Nov-2018 Buyback 36,400 4.370 4.380 160,012.22 View Detail
23-Nov-2018 23-Nov-2018 23-Nov-2018 Buyback 41,200 4.380 4.390 181,381.32 View Detail
22-Nov-2018 22-Nov-2018 22-Nov-2018 Buyback 122,100 4.390 4.410 539,176.15 View Detail
21-Nov-2018 21-Nov-2018 21-Nov-2018 Buyback 91,900 4.400 4.430 407,139.14 View Detail
19-Nov-2018 19-Nov-2018 19-Nov-2018 Buyback 20,000 4.440 4.440 89,448.44 View Detail
15-Nov-2018 15-Nov-2018 15-Nov-2018 Buyback 76,000 4.410 4.450 338,074.92 View Detail
14-Nov-2018 14-Nov-2018 14-Nov-2018 Buyback 20,000 4.440 4.450 89,549.07 View Detail
09-Nov-2018 09-Nov-2018 09-Nov-2018 Buyback 200 4.460 4.460 933.27 View Detail
05-Nov-2018 05-Nov-2018 05-Nov-2018 Buyback 20,000 4.440 4.450 89,549.07 View Detail
02-Nov-2018 02-Nov-2018 02-Nov-2018 Buyback 95,000 4.430 4.450 423,830.39 View Detail
01-Nov-2018 01-Nov-2018 01-Nov-2018 Buyback 20,000 4.450 4.460 89,751.33 View Detail
31-Oct-2018 31-Oct-2018 31-Oct-2018 Buyback 5,000 4.450 4.450 22,413.18 View Detail
30-Oct-2018 30-Oct-2018 30-Oct-2018 Buyback 7,100 4.440 4.450 31,784.61 View Detail
29-Oct-2018 29-Oct-2018 29-Oct-2018 Buyback 25,500 4.460 4.490 114,624.54 View Detail
25-Oct-2018 25-Oct-2018 25-Oct-2018 Buyback 91,000 4.390 4.430 402,441.74 View Detail
24-Oct-2018 24-Oct-2018 24-Oct-2018 Buyback 390,000 4.430 4.550 1,757,509.05 View Detail
23-Oct-2018 23-Oct-2018 23-Oct-2018 Buyback 77,800 4.560 4.580 356,895.89 View Detail
16-Oct-2018 16-Oct-2018 16-Oct-2018 Buyback 22,400 4.550 4.550 102,358.34 View Detail
11-Oct-2018 11-Oct-2018 11-Oct-2018 Buyback 16,300 4.540 4.550 74,643.28 View Detail
10-Oct-2018 10-Oct-2018 10-Oct-2018 Buyback 1,800 4.560 4.560 8,268.72 View Detail
24-Sep-2018 24-Sep-2018 24-Sep-2018 Buyback 900 4.510 4.510 4,105.22 View Detail
21-Sep-2018 21-Sep-2018 21-Sep-2018 Buyback 97,600 4.480 4.500 439,870.14 View Detail
20-Sep-2018 20-Sep-2018 20-Sep-2018 Buyback 44,500 4.500 4.510 201,311.74 View Detail
18-Sep-2018 18-Sep-2018 18-Sep-2018 Buyback 2,100 4.500 4.500 9,519.54 View Detail
14-Sep-2018 14-Sep-2018 14-Sep-2018 Buyback 90,000 4.490 4.510 406,626.80 View Detail
13-Sep-2018 13-Sep-2018 13-Sep-2018 Buyback 28,000 4.500 4.510 126,722.60 View Detail
12-Sep-2018 12-Sep-2018 12-Sep-2018 Buyback 103,700 4.490 4.520 469,066.22 View Detail
07-Sep-2018 07-Sep-2018 07-Sep-2018 Buyback 30,200 4.500 4.510 136,636.97 View Detail
06-Sep-2018 06-Sep-2018 06-Sep-2018 Buyback 372,000 4.480 4.550 1,684,501.51 View Detail
05-Sep-2018 05-Sep-2018 05-Sep-2018 Buyback 134,600 4.530 4.540 613,057.51 View Detail
04-Sep-2018 04-Sep-2018 04-Sep-2018 Buyback 71,200 4.540 4.560 325,364.80 View Detail
03-Sep-2018 03-Sep-2018 03-Sep-2018 Buyback 45,900 4.560 4.590 210,968.38 View Detail
30-Aug-2018 30-Aug-2018 30-Aug-2018 Buyback 21,700 4.570 4.570 99,893.77 View Detail
29-Aug-2018 29-Aug-2018 29-Aug-2018 Buyback 123,300 4.570 4.570 565,540.49 View Detail
28-Aug-2018 28-Aug-2018 28-Aug-2018 Buyback 21,800 4.560 4.570 100,351.45 View Detail
27-Aug-2018 27-Aug-2018 27-Aug-2018 Buyback 24,000 4.540 4.550 109,634.24 View Detail
24-Aug-2018 24-Aug-2018 24-Aug-2018 Buyback 148,500 4.550 4.580 679,996.90 View Detail
23-Aug-2018 23-Aug-2018 23-Aug-2018 Buyback 38,600 4.550 4.580 177,091.42 View Detail
14-Aug-2018 14-Aug-2018 14-Aug-2018 Buyback 500 4.500 4.500 2,293.68 View Detail
19-Jul-2018 19-Jul-2018 19-Jul-2018 Buyback 4,300 4.500 4.500 19,491.91 View Detail
12-Jul-2018 12-Jul-2018 12-Jul-2018 Buyback 400 4.500 4.500 1,842.54 View Detail
11-Jul-2018 11-Jul-2018 11-Jul-2018 Buyback 1,200 4.500 4.500 5,447.62 View Detail
10-Jul-2018 10-Jul-2018 10-Jul-2018 Buyback 100 4.500 4.500 491.14 View Detail
09-Jul-2018 09-Jul-2018 09-Jul-2018 Buyback 76,400 4.490 4.500 344,666.97 View Detail
28-Jun-2018 28-Jun-2018 28-Jun-2018 Buyback 800 4.500 4.500 3,645.08 View Detail
04-Jun-2018 04-Jun-2018 04-Jun-2018 Buyback 900 4.300 4.300 3,915.17 View Detail
31-May-2018 31-May-2018 31-May-2018 Buyback 1,900 4.300 4.300 8,233.57 View Detail
30-May-2018 30-May-2018 30-May-2018 Buyback 383,200 4.260 4.350 1,653,646.96 View Detail
28-May-2018 28-May-2018 28-May-2018 Buyback 1,100 4.350 4.350 4,833.93 View Detail
25-May-2018 25-May-2018 25-May-2018 Buyback 1,000 4.300 4.300 4,348.77 View Detail
24-May-2018 24-May-2018 24-May-2018 Buyback 98,000 4.260 4.290 420,172.95 View Detail
23-May-2018 23-May-2018 23-May-2018 Buyback 192,400 4.280 4.310 829,313.45 View Detail
22-May-2018 22-May-2018 22-May-2018 Buyback 182,300 4.290 4.310 787,307.69 View Detail
21-May-2018 21-May-2018 21-May-2018 Buyback 97,000 4.300 4.310 419,430.67 View Detail
18-May-2018 18-May-2018 18-May-2018 Buyback 482,800 4.300 4.350 2,092,852.62 View Detail
15-May-2018 15-May-2018 15-May-2018 Buyback 26,700 4.240 4.240 113,718.01 View Detail
14-May-2018 14-May-2018 14-May-2018 Buyback 355,700 4.140 4.170 1,485,516.38 View Detail
29-Mar-2018 29-Mar-2018 29-Mar-2018 Buyback 245,000 3.720 3.740 917,000.81 View Detail
29-Mar-2018 28-Mar-2018 28-Mar-2018 Buyback 36,000 3.730 3.740 134,996.70 View Detail
26-Mar-2018 26-Mar-2018 26-Mar-2018 Buyback 959,600 3.690 3.740 3,567,402.58 View Detail
21-Dec-2016 21-Dec-2016 21-Dec-2016 Buyback 10,000 2.900 2.900 29,222.66 View Detail
16-Dec-2016 16-Dec-2016 16-Dec-2016 Buyback 62,000 2.840 2.850 176,991.14 View Detail
05-Dec-2016 05-Dec-2016 05-Dec-2016 Buyback 71,800 2.840 2.850 204,976.59 View Detail
02-Dec-2016 02-Dec-2016 02-Dec-2016 Buyback 15,000 2.850 2.850 43,078.49 View Detail
01-Dec-2016 01-Dec-2016 01-Dec-2016 Buyback 262,800 2.850 2.850 751,799.94 View Detail
30-Nov-2016 30-Nov-2016 30-Nov-2016 Buyback 158,400 2.830 2.850 451,518.34 View Detail
29-Nov-2016 29-Nov-2016 29-Nov-2016 Buyback 95,100 2.830 2.850 271,343.27 View Detail
28-Nov-2016 28-Nov-2016 28-Nov-2016 Buyback 233,000 2.830 2.850 664,094.41 View Detail
25-Nov-2016 25-Nov-2016 25-Nov-2016 Buyback 467,800 2.810 2.840 1,323,588.06 View Detail
30-Jun-2016 30-Jun-2016 30-Jun-2016 Buyback 200,200 2.690 2.700 542,570.55 View Detail
28-Jun-2016 28-Jun-2016 28-Jun-2016 Buyback 311,200 2.690 2.700 842,941.96 View Detail
27-Jun-2016 27-Jun-2016 27-Jun-2016 Buyback 11,700 2.680 2.690 31,698.69 View Detail
24-Jun-2016 24-Jun-2016 24-Jun-2016 Buyback 244,500 2.680 2.700 661,309.77 View Detail
20-Jun-2016 20-Jun-2016 20-Jun-2016 Buyback 18,500 2.700 2.700 50,333.57 View Detail
03-Jun-2016 03-Jun-2016 03-Jun-2016 Buyback 1,500 2.660 2.680 4,066.73 View Detail
02-Jun-2016 02-Jun-2016 02-Jun-2016 Buyback 59,700 2.660 2.670 159,576.41 View Detail
01-Jun-2016 01-Jun-2016 01-Jun-2016 Buyback 118,800 2.640 2.670 316,431.20 View Detail
31-May-2016 31-May-2016 31-May-2016 Buyback 322,800 2.650 2.680 863,730.34 View Detail
30-May-2016 30-May-2016 30-May-2016 Buyback 2,500 2.680 2.680 6,751.74 View Detail
27-May-2016 27-May-2016 27-May-2016 Buyback 83,500 2.670 2.690 225,030.92 View Detail
26-May-2016 26-May-2016 26-May-2016 Buyback 13,800 2.660 2.660 36,990.15 View Detail
24-May-2016 24-May-2016 24-May-2016 Buyback 128,600 2.670 2.680 344,969.56 View Detail
23-May-2016 23-May-2016 23-May-2016 Buyback 6,900 2.670 2.680 18,629.63 View Detail
20-May-2016 20-May-2016 20-May-2016 Buyback 483,800 2.660 2.690 1,299,717.33 View Detail
18-May-2016 18-May-2016 18-May-2016 Buyback 62,300 2.680 2.690 168,116.16 View Detail
17-May-2016 17-May-2016 17-May-2016 Buyback 75,400 2.690 2.700 204,439.15 View Detail
16-May-2016 16-May-2016 16-May-2016 Buyback 45,700 2.680 2.690 123,417.23 View Detail
13-May-2016 13-May-2016 13-May-2016 Buyback 82,400 2.690 2.700 223,433.43 View Detail
06-May-2016 06-May-2016 06-May-2016 Buyback 27,200 2.700 2.700 74,004.44 View Detail
05-May-2016 05-May-2016 05-May-2016 Buyback 33,300 2.700 2.700 90,600.43 View Detail
04-May-2016 04-May-2016 04-May-2016 Buyback 110,000 2.700 2.700 298,238.91 View Detail
22-Mar-2016 22-Mar-2016 22-Mar-2016 Buyback 13,400 2.700 2.700 36,458.61 View Detail
17-Feb-2016 17-Feb-2016 17-Feb-2016 Buyback 721,800 2.700 2.700 1,955,877.11 View Detail
03-Feb-2016 03-Feb-2016 03-Feb-2016 Buyback 51,800 2.630 2.640 136,915.12 View Detail
28-Feb-2019 14-Feb-2019 14-Feb-2019 Buyback 15,600 4.070 4.080 64,067.47 View Detail
18-Feb-2019 04-Feb-2019 04-Feb-2019 Buyback 50,000 4.050 4.090 204,371.55 View Detail
08-Feb-2019 22-Jan-2019 29-Jan-2019 Buyback 62,000 4.030 4.100 253,398.89 View Detail
24-Jan-2019 10-Jan-2019 18-Jan-2019 Buyback 306,500 4.040 4.190 1,271,493.38 View Detail
10-Jan-2019 27-Dec-2018 08-Jan-2019 Buyback 203,400 4.160 4.280 859,380.63 View Detail
27-Dec-2018 17-Dec-2018 26-Dec-2018 Buyback 476,800 4.110 4.300 2,008,604.76 View Detail
14-Dec-2018 30-Nov-2018 12-Dec-2018 Buyback 444,200 4.220 4.340 1,905,967.14 View Detail
03-Dec-2018 19-Nov-2018 29-Nov-2018 Buyback 411,600 4.320 4.440 1,813,729.51 View Detail
19-Nov-2018 05-Nov-2018 15-Nov-2018 Buyback 116,200 4.410 4.460 518,106.33 View Detail
05-Nov-2018 23-Oct-2018 02-Nov-2018 Buyback 711,400 4.390 4.580 3,199,250.73 View Detail
23-Oct-2018 10-Oct-2018 16-Oct-2018 Buyback 40,500 4.540 4.560 185,270.34 View Detail
04-Oct-2018 24-Sep-2018 24-Sep-2018 Buyback 900 4.510 4.510 4,105.22 View Detail
26-Sep-2018 12-Sep-2018 21-Sep-2018 Buyback 365,900 4.480 4.520 1,653,117.04 View Detail
13-Sep-2018 03-Sep-2018 07-Sep-2018 Buyback 653,900 4.480 4.590 2,970,529.17 View Detail
06-Sep-2018 23-Aug-2018 30-Aug-2018 Buyback 377,900 4.540 4.580 1,732,508.27 View Detail
27-Aug-2018 14-Aug-2018 14-Aug-2018 Buyback 500 4.500 4.500 2,293.68 View Detail
30-Jul-2018 19-Jul-2018 19-Jul-2018 Buyback 4,300 4.500 4.500 19,491.91 View Detail
19-Jul-2018 09-Jul-2018 12-Jul-2018 Buyback 78,100 4.490 4.500 352,448.27 View Detail
06-Jul-2018 28-Jun-2018 28-Jun-2018 Buyback 800 4.500 4.500 3,645.08 View Detail
12-Jun-2018 28-May-2018 04-Jun-2018 Buyback 387,100 4.260 4.350 1,670,629.63 View Detail
04-Jun-2018 18-May-2018 25-May-2018 Buyback 1,053,500 4.260 4.350 4,553,426.15 View Detail
22-May-2018 14-May-2018 15-May-2018 Buyback 382,400 4.140 4.240 1,599,234.39 View Detail
09-Apr-2018 28-Mar-2018 29-Mar-2018 Buyback 281,000 3.720 3.740 1,051,997.51 View Detail
29-Mar-2018 26-Mar-2018 26-Mar-2018 Buyback 959,600 3.690 3.740 3,567,402.58 View Detail
03-Jan-2017 21-Dec-2016 21-Dec-2016 Buyback 10,000 2.900 2.900 29,222.66 View Detail
28-Dec-2016 16-Dec-2016 16-Dec-2016 Buyback 62,000 2.840 2.850 176,991.14 View Detail
07-Dec-2016 28-Nov-2016 02-Dec-2016 Buyback 764,300 2.830 2.850 2,181,834.45 View Detail
30-Nov-2016 25-Nov-2016 25-Nov-2016 Buyback 467,800 2.810 2.840 1,323,588.06 View Detail
05-Jul-2016 27-Jun-2016 30-Jun-2016 Buyback 523,100 2.680 2.700 1,417,211.20 View Detail
04-Jul-2016 20-Jun-2016 24-Jun-2016 Buyback 263,000 2.680 2.700 711,643.34 View Detail
13-Jun-2016 31-May-2016 03-Jun-2016 Buyback 502,800 2.640 2.680 1,343,804.68 View Detail
02-Jun-2016 23-May-2016 30-May-2016 Buyback 232,800 2.660 2.690 625,620.26 View Detail
27-May-2016 13-May-2016 20-May-2016 Buyback 749,600 2.660 2.700 2,019,123.30 View Detail
12-May-2016 04-May-2016 06-May-2016 Buyback 170,500 2.700 2.700 462,843.78 View Detail
31-Mar-2016 22-Mar-2016 22-Mar-2016 Buyback 13,400 2.700 2.700 36,458.61 View Detail
23-Feb-2016 17-Feb-2016 17-Feb-2016 Buyback 721,800 2.700 2.700 1,955,877.11 View Detail
17-Feb-2016 03-Feb-2016 03-Feb-2016 Buyback 51,800 2.630 2.640 136,915.12 View Detail
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  2 people like this.
 
Myeye ~.~ +4.18 ~.~
02/01/2019 4:59 PM
Myeye ~.~
03/01/2019 12:09 PM
FEveR SwEat should go back to 4/3.75 soon
05/01/2019 10:56 AM
commonsense Being an FPSO specialist company, it is normal that Yinson has a high concentration risk given that both its revenue and profit comes from only a handful of sources (which is limited by the number of FPSO it has). As of Feb 19, the company has a total of 4 FPSO/ FSO that is currently generating revenue and profit to the group: FPSO Adoon, FPSO Lam Son, FPSO John Agyekum Kufuor (JAK) and FSO Bien Bong 01. However please take note that FPSO Adoon contract is set to expire in Apr 2019 and Lam Son’s by June 2019. The contract for another FPSO, Knock Allan, had just expired last month.

Given the 3 expected contract expiration in 2019, investors need to be prepared to see a sudden fall in profit for the FY20 (ending Jan 2020) to only around RM200mil which at the current share price values the company at a high PE of 22x.
That being said, the company should see a boost in earning for FY21 given the expected completion of FPSO Helang schedule by the end of 2019 to be deploy to JX Nippon Sarawak field (Yinson “bought” this contract from TH Heavy Engineering). Another potential is an FPSO to supply to First Exploration & Petroleum Development Company Ltd (FEP) for its fields in Nigeria but the contract details has yet to be reveal so it might not be too soon. Maybe for FY22 and beyond.

The issue with FPSO business is not just getting the contracts. Given the duration of the contracts which normally runs at above 10 years period, investors need also to study the financial viability of the oil fields where the FPSOs are being deployed as well as the counterparty risk. We have heard of a lot of FPSO contracts being terminated early which is a big risk to the FPSO owners as most of the FPSO are design for a specific oil field. The asset cannot be easily deployed elsewhere without having spent substantial amount of capex.

If you are looking to diversify your portfolio outside of Yinson (due to its relatively high valuation and concentration risks), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
04/02/2019 9:08 AM
Shinnzaii What is the latest status of Petróleo Brasileiro SA’s project bid by yinson?
14/02/2019 4:00 PM
(70B-SAPNRG-3Yrs) Philip 2.3 billion in o&m awarded by Nippon jx for fpso layang. Announced yesterday! Nice!
What tabung haji can't do, YINSON can with it's multinational group of Nordic sailers and engineers!

How many Malaysian companies can you find where their competence people are white ghosts?

YINSON boleh!
15/02/2019 9:20 AM
(70B-SAPNRG-3Yrs) Philip Common sense is definitely not so common.

What is the comparison between mbmr and YINSON?

One sell cars in a very tight and competitive market which is growth limited. Do you think perodua cars can succeed outside of Malaysia? Can the sales explode to Indonesia and Philippines and China? Obviously no. So I'm 5-10 years time where do you see mbmr? Try to understand the meaning of the word terminal growth.

YINSON on the other hand is an international fpso company that only recently started a foothold into Malaysian market. With this win and more confidence more fpso jobs will be awarded to them. And they are bidding in Brazil, Africa, Canada, Vietnam and many international countries. It is a company that is not limited by location and more importantly in a growing market that is very hard for new competition to go into due to reputation, competency, licensing and capex requirements.

Most importantly 10-20 years from now the only oil you will find it's in the open sea, as cheap oil in easy to dig areas get lesser and lesser.

Mbmr? Got Mazda bmazauto, got tanchong, got Toyota, got proton, got that 3rd car company mahathir wants to kick off...

How many cars can Malaysian afford to buy? We are already spoiled for choice. 10 years from now what is the future of mbmr?
15/02/2019 9:35 AM
qqq3 Not necessary to buy MBM.....but failure rates in FPSO surely higher than MBM........

In the case of yinson...u have extension risks, high gearing ( manageable as long as no surprises), ....The price has built in no extension risk.....but 2 of the FPSO are due for expiry.

and for many FPSO, default risks, country risks, high concentration risks....Brazil, Venezuela, Nigeria , Ghana.....all these countries have high risks attached .......Yinson in which country?


This Yinson has avoided the problems of Armada and sapura.....they say they are so smart.....maybe lucky?


Mahathir son left Sapura and invested in Yinson.....This Mahathir son as smart as his father, so far..................
15/02/2019 10:25 AM
qqq3 high PE and high failures rates not a good combination.......
15/02/2019 10:26 AM
qqq3 who is this commonsense?.........he sounds like a full time analyst...............
15/02/2019 10:53 AM
(70B-SAPNRG-3Yrs) Philip YINSON is very smart. They don't hedge on oil prices like Armada and sapura. They only sell on calculated charter rates, meaning when contract is signed the contract pays for the fpso conversation costs and charter rates for 8 years+ optional extension. Guaranteed, calculated straightforward profit.

More importantly in their contract firmly states any cancellation the charterer must pay cancellation fee which is exactly the loan+interest taken for conversion and management of fpso.

So they won't lose money even if charter cancelled.

How did Armada and sapura lose? They got greedy. Their charter and lease are signed differently. They signed based on barrels profit sharing sales agreement. 30% sapura 70% petronas.

So when the price per barrel dropped, sure lose money la. They estimated previous contract at 75-90 USD per barrel to earn money.

When the price per barrel dropped tp 40-60 per barrel, you think sapura and Armada can make money?

Need to read between the lines. Fpso utilization rates, total manpower, planning, backup cash to get more projects.

Why do you think thhe couldn't handle fpso conversion? No money. Why do you think Armada and sapura losing jobs to yinson? No money. If you were a bank, who would you lend money to? International company like YINSON? Or redlining company like Armada and sapura?
15/02/2019 11:02 AM
qqq3 Armada got into trouble because their customers not financially strong...sue them also no use......

Yinson says they are very careful what customers they choose.....they say their credit department, their legal department very strong, water tight agreements, strong customers, all their contracts ring fenced and have good oil fields to work on, Yinson says they don't incur expenditure until got customers one, Yinson says they don't built , then look for customers...............that is what people always says......
15/02/2019 11:41 AM
qqq3 Mahathir left UMNO join PH
Son left Sapura join Yinson....

both also smart.
15/02/2019 11:52 AM
qqq3 Yinson Holdings Bhd’s wholly-owned subsidiary Yinson Energy Sdn Bhd has been awarded a contract worth US$578 million or RM2.357 billion from JX Nippon Oil & Gas Exploration (Malaysia) Ltd to provide operations and maintenance (O&M) services for the latter’s floating production storage and offloading (FPSO) facilities.

today....................this is very good news...new revenue stream, new area......



now, help to maintain and operate other people FPSO......
15/02/2019 12:29 PM
(70B-SAPNRG-3Yrs) Philip Not really new, it's mainly for the fpso helang that is already on the way. The contract is basically 8 years as well to operations and maintenance for that fpso. They converted four rainbow, now currently in China ahead of schedule.

It's very impressive. Looking at things they will start this year 4Q to the Malaysian site, ahead of schedule as they expected 2020Y2Q.
15/02/2019 12:33 PM
qqq3 by (S = Qr) Philip > Feb 15, 2019 12:33 PM | Report Abuse

Not really new
========

ok...
15/02/2019 12:43 PM
Yu_and_Mee Why got so big contract share price also not go up? Unbelievable.
15/02/2019 1:26 PM
Upupshare Bcos price already factor in.
16/02/2019 9:55 AM
Yu_and_Mee No wonder. Lucikly not jump in
16/02/2019 1:01 PM
dlau8899 Uptrend
17/02/2019 10:58 PM
Goh Kim Hock at the end of the day, shareholders just want to see how much profit can be made, not the volume of business.
17/02/2019 11:02 PM
(70B-SAPNRG-3Yrs) Philip Mr market really likes YINSON today... I wonder why
27/02/2019 11:15 AM
Heavenly PUNTER Mr Philip, QR release today, all the workers buying
27/02/2019 11:15 AM
Heavenly PUNTER Record profit and revenue
27/02/2019 11:18 AM
Heavenly PUNTER Is this called insider trading? I wonder, but it's too common in Bursa so fxxk it lah
27/02/2019 11:18 AM
(70B-SAPNRG-3Yrs) Philip QR already released in December lo...
27/02/2019 11:27 AM
calvinteo Noticed Epf n kwap disposed frequently but price n volume keep going up...

Good sign of entry? good qr by mid March or more jobs coming?

Trade and or invest at your own risk....
27/02/2019 2:32 PM
Myeye ~.~
28/02/2019 2:50 PM
calvinteo EXECUTION OF CONTRACTS WITH FIRST EXPLORATION & PETROLEUM DEVELOPMENT COMPANY LIMITED (FIRST E&P):

Estimated aggregate contract value approx. USD 901.793M = RM 3.671b.

well done.
01/03/2019 12:48 AM
(70B-SAPNRG-3Yrs) Philip I am more impressed with this. Companies should never do buyback for fun. The should buy back shares when it is trading below intrinsic value. This is how you build long term wealth for your shareholders.

Stock [YINSON]: YINSON HOLDINGS BHD
Announcement Date 28-Feb-2019
Date 14-Feb-2019 to 14-Feb-2019
Number of Shares 15,600
Currency Malaysian Ringgit (MYR)
Price (per shares) 4.070 - 4.080
Total Amount 64,067.47
Total Treasury Shares 11,991,300
Lodged Date 28-Feb-2019
Lodged By Tricor Corporate Services Sdn. Bhd.
Exchange Bursa Malaysia Securities Berhad
01/03/2019 9:50 AM
Heavenly PUNTER if this company propose takeover for Bumi Armada, what will you do ah Mr Philip?
01/03/2019 4:33 PM
Heavenly PUNTER https://klse.i3investor.com/blogs/heavenlypunter/195989.jsp
YINSON it's time to save your fellow Malaysian brother and become the top 3 players in the FPSO world!
01/03/2019 5:22 PM
Heavenly PUNTER https://www.theedgemarkets.com/article/yinson-sumitomo-jointly-supply-fpso-brazil-oil-field legendary management
01/03/2019 5:32 PM
Upupshare Punter = puntek
02/03/2019 11:06 PM
pamaladu Philip, why Yinson invested in 6 units condo which is unrelated to their business (Annual Report 2018, pg 197)?
03/03/2019 2:30 PM
calvinteo Target price cited by Kenanga and Ambank at RM 5 and RM 6.10 respectively IMO can be achieved couple with good QR release and dividend declare.

Note: Invest and or trade at your own risk.
03/03/2019 9:26 PM
(70B-SAPNRG-3Yrs) Philip Because they want to raise cows?

Seriously how should I know? Is that even a pertinent question?
I would instead prefer to concentrate on pertinent questions like giving big esos yearly that benefits employees at the expense of shareholders directly ( not recorded a an expense in mfrs), or frivolous giving out of warrants that will have a direct impact on shareholders dilution of the business.

I would say that is more pertinent though.
>>>>
Philip, why Yinson invested in 6 units condo which is unrelated to their business (Annual Report 2018, pg 197)?
05/03/2019 9:06 PM
(70B-SAPNRG-3Yrs) Philip All I know is they bought it. It's under investment, it costs less than 5% of their quarterly revenue and it belongs to me ( the shareholder of YINSON).

I don't see any warrants or rights issues recently.
I don't see any huge director salaries.
I don't see any big borrowings that is not guaranteed by ironclad contracts.
I don't see any esos frivolously given.

Management is worth every single cents.
05/03/2019 9:20 PM
stockraider Why need to be beware of yinson ??

Yinson business is same as Armada...heavy capex and high debts....doing business in difficult in country like Nigeria and getting deeper into the hole deeper & deeper as yinson undertake more & more project like what happen in armada in the earlier days mah...!!

The business model...cannot sustain....bcos of the nature of spending billion & billion on capex depending on the mercy of oilfield owners feeding them whenever they are happy loh...!!
The fruits enjoy by owner & the brunt is suffer by co like armada & yinson loh...!!

Why is it Armada failed and Yinson appear successful leh ??

1. Armada bad performance has been thrown out in the open whereas yinson is still hidden loh...!!

2. Eventually yinson high debts and bad contract management will appear mah....so do not be so confident loh...!!

3. I remember when armada operations 1st appear...that time the share price is around rm 2.50...the analyst cites armada is safe bcos the contract is right fence...but see what happen to armada today leh ??

So better becareful loh...yinson is not as healthy as Philip says mah.....!!
05/03/2019 9:39 PM
(70B-SAPNRG-3Yrs) Philip EXECUTION OF CONTRACTS WITH FIRST EXPLORATION & PETROLEUM DEVELOPMENT COMPANY LIMITED (FIRST E&P):

Estimated aggregate contract value approx. USD 901.793M = RM 3.671b.

well done Stockraider.

Again you talk without thinking, same like nestle you say EPF selling when actually their shareholding increasing. I really lazy talk to you who don't know how to invest. But I repeat for the benefit for all.

Read the contract properly. Firstly they are redeploying FPSO Allan, which is already fully paid for in the ironclad contract that the charterer has signed to pay penalties equal to the ship loan refurbishment of they cancel early. So no added costs and loans required. Fyi Allan was in Gabon t line 10 years earning excellent charter rates.

Secondly look at the cost of refitting their FPSO for projects, it is the lowest in the market and always completed ahead of schedule. Thhe can't even complete simple projects on time and armada takes stupid deals in dangerous seas with poorly written contracts that cause them to be caught in very long term lawsuits that don't hold well in court.

YINSON only borrows money and refits ships only when they win a contract, not before. YINSON didn't do stupid things like sapura which uses oil barrel sales as their profit margin.

YINSON only does fixed charter rates. And o&m works on their own FPSO only on top of bareboat charter.

Best in class performance.
05/03/2019 11:14 PM
stockraider U go back & read armada history...i remember & quite similiar this is what armada say b4 like yinson say today loh......!!

Posted by (S = Qr) Philip > Mar 5, 2019 11:14 PM | Report Abuse

EXECUTION OF CONTRACTS WITH FIRST EXPLORATION & PETROLEUM DEVELOPMENT COMPANY LIMITED (FIRST E&P):

Estimated aggregate contract value approx. USD 901.793M = RM 3.671b.

well done Stockraider.

Again you talk without thinking, same like nestle you say EPF selling when actually their shareholding increasing. I really lazy talk to you who don't know how to invest. But I repeat for the benefit for all.

Read the contract properly. Firstly they are redeploying FPSO Allan, which is already fully paid for in the ironclad contract that the charterer has signed to pay penalties equal to the ship loan refurbishment of they cancel early. So no added costs and loans required. Fyi Allan was in Gabon t line 10 years earning excellent charter rates.

Secondly look at the cost of refitting their FPSO for projects, it is the lowest in the market and always completed ahead of schedule. Thhe can't even complete simple projects on time and armada takes stupid deals in dangerous seas with poorly written contracts that cause them to be caught in very long term lawsuits that don't hold well in court.

YINSON only borrows money and refits ships only when they win a contract, not before. YINSON didn't do stupid things like sapura which uses oil barrel sales as their profit margin.

YINSON only does fixed charter rates. And o&m works on their own FPSO only on top of bareboat charter.

Best in class performance.
06/03/2019 12:09 AM
stockraider Remember armada was a proud Rm 40 billion mkt capitalization co b4 many yrs back mah....!!

This FPSO industry business model no good loh.....!!


Posted by stockraider > Mar 6, 2019 12:09 AM | Report Abuse X

U go back & read armada history...i remember & quite similiar this is what armada say b4 like yinson say today loh......!!

Posted by (S = Qr) Philip > Mar 5, 2019 11:14 PM | Report Abuse

EXECUTION OF CONTRACTS WITH FIRST EXPLORATION & PETROLEUM DEVELOPMENT COMPANY LIMITED (FIRST E&P):

Estimated aggregate contract value approx. USD 901.793M = RM 3.671b.

well done Stockraider.

Again you talk without thinking, same like nestle you say EPF selling when actually their shareholding increasing. I really lazy talk to you who don't know how to invest. But I repeat for the benefit for all.

Read the contract properly. Firstly they are redeploying FPSO Allan, which is already fully paid for in the ironclad contract that the charterer has signed to pay penalties equal to the ship loan refurbishment of they cancel early. So no added costs and loans required. Fyi Allan was in Gabon t line 10 years earning excellent charter rates.

Secondly look at the cost of refitting their FPSO for projects, it is the lowest in the market and always completed ahead of schedule. Thhe can't even complete simple projects on time and armada takes stupid deals in dangerous seas with poorly written contracts that cause them to be caught in very long term lawsuits that don't hold well in court.

YINSON only borrows money and refits ships only when they win a contract, not before. YINSON didn't do stupid things like sapura which uses oil barrel sales as their profit margin.

YINSON only does fixed charter rates. And o&m works on their own FPSO only on top of bareboat charter.

Best in class performance.
06/03/2019 12:11 AM
(70B-SAPNRG-3Yrs) Philip Using this logic are you saying modec is a bad company? Murphy oil is a bad company? Schlumberger is a bad company? Just because sapura and bumi armada is lapsap?

Ok loh. Moving on. Ignoring attention whores.


>>>>>>>>
This FPSO industry business model no good loh.....!!
06/03/2019 12:20 AM
stockraider Even POSH spore FPSO listed co own by robert kuok also lose monies mah, what is chance of yinson can sustain & survive longterm leh ??

Posted by (S = Qr) Philip > Mar 6, 2019 12:20 AM | Report Abuse

Using this logic are you saying modec is a bad company? Murphy oil is a bad company? Schlumberger is a bad company? Just because sapura and bumi armada is lapsap?

Ok loh. Moving on. Ignoring attention whores.


>>>>>>>>
This FPSO industry business model no good loh.....!!
06/03/2019 6:02 PM
(70B-SAPNRG-3Yrs) Philip Ok lo. We assume oil price forever below usd40 and will never go up ever again.

With this example FPSO forever bad business
06/03/2019 10:54 PM
qqq3 raider.....your sifu that OTB says Dayang is grossly grossly undervalued because Dialog got X PE and Serba also XYZ PE.



you and your sifu...with that kind of standard, don't come and talk about Yinson............



u question him, he says its facts and figures.....PE ratio of Serba and Dialog are facts and figures....but he will not admit Dayang is in a different class compared to fund manager favorites Dialog and Serba.............



head also pening if have to deal with raider and that OTB......
06/03/2019 11:21 PM
qps999 Oooo...its too bad ..its turn into black..i was thinking to invest in YINSON..but the tgt at 4.454.. sell and save money..@rafik..wait la..
06/03/2019 11:28 PM
(70B-SAPNRG-3Yrs) Philip My quarterly report for yinson.

https://klse.i3investor.com/m/blog/phillipinvesting/197011.jsp
10/03/2019 9:20 AM
calvinteo Coming... ? Next week qr.
20/03/2019 2:16 PM
Myeye ~.~
21/03/2019 3:45 PM


 

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