Highlights
KLSE: YINSON (7293)       YINSON HOLDINGS BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
4.58   -0.01 (0.22%)  4.57 - 4.70  719,300
Trade this stock with 3 x trading limit. Find out more.

Financials


Market Cap: 5,031 Million

Market Cap 5,031 Million
NOSH 1,098 Million

Latest Audited Result:  31-Jan-2020

Latest Audited Result: 31-Jan-2020
Announcement Date 01-Jun-2020
Next Audited Result: 31-Jan-2021
Est. Ann. Date: 01-Jun-2021
Est. Ann. Due Date: 30-Jul-2021

Latest Quarter:  31-Jul-2020 [#2]

Latest Quarter: 31-Jul-2020 [#2]
Announcement Date 28-Sep-2020
Next Quarter: 31-Oct-2020
Est. Ann. Date: 18-Dec-2020
Est. Ann. Due Date: 30-Dec-2020
QoQ | YoY   114.82%  |    143.93%

Annual (Unaudited) ( EPS: 19.11, P/E: 23.97 )

Revenue | NP to SH 2,519,340  |  209,909
RPS | P/RPS 229.37 Cent  |  2.00
EPS | P/E | EY 19.11 Cent  |  23.97  |  4.17%
DPS | DY | Payout % 6.03 Cent  |  1.32%  |  31.56%
NAPS | P/NAPS 1.50  |  3.06
YoY   -10.64%
NP Margin | ROE 10.37%  |  12.76%
F.Y. | Ann. Date 31-Jan-2020  |  25-Mar-2020

T4Q Result ( EPS: 24.22, P/E: 18.91 )

Revenue | NP to SH 3,436,231  |  265,985
RPS | P/RPS 312.84 Cent  |  1.46
EPS | P/E | EY 24.22 Cent  |  18.91  |  5.29%
DPS | DY | Payout % 5.99 Cent  |  1.31%  |  24.74%
NAPS | P/NAPS 1.67  |  2.74
QoQ | YoY   28.64%  |    36.34%
NP Margin | ROE 9.27%  |  14.48%
F.Y. | Ann. Date 31-Jul-2020  |  28-Sep-2020

Annualized Result ( EPS: 26.78, P/E: 17.10 )

Revenue | NP to SH 2,678,652  |  294,144
RPS | P/RPS 243.87 Cent  |  1.88
EPS | P/E | EY 26.78 Cent  |  17.10  |  5.85%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   57.41%  |    61.62%
NP Margin | ROE 12.98%  |  16.02%
F.Y. | Ann. Date 31-Jul-2020  |  28-Sep-2020




Show?  YoY % Horiz. %

Last 10 FY Result
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
Revenue 2,678,652 3,436,231 2,519,340 1,034,899 910,156 543,255 1,083,424 941,861 865,221 715,824 640,818 470,288 18.26%
  YoY % -22.05% 36.39% 143.44% 13.71% 67.54% -49.86% 15.03% 8.86% 20.87% 11.70% 36.26% -
  Horiz. % 569.58% 730.67% 535.70% 220.06% 193.53% 115.52% 230.37% 200.27% 183.98% 152.21% 136.26% 100.00%
PBT 478,292 419,040 331,118 343,861 361,770 213,179 279,380 152,072 44,439 32,769 25,043 10,223 41.57%
  YoY % 14.14% 26.55% -3.71% -4.95% 69.70% -23.70% 83.72% 242.20% 35.61% 30.85% 144.97% -
  Horiz. % 4,678.59% 4,098.99% 3,238.95% 3,363.60% 3,538.79% 2,085.29% 2,732.86% 1,487.55% 434.70% 320.54% 244.97% 100.00%
Tax -130,662 -100,557 -69,821 -79,482 -69,697 -16,424 -27,968 -8,958 -8,156 -6,539 -6,764 -2,831 37.76%
  YoY % -29.94% -44.02% 12.15% -14.04% -324.36% 41.28% -212.21% -9.83% -24.73% 3.33% -138.93% -
  Horiz. % 4,615.40% 3,552.00% 2,466.30% 2,807.56% 2,461.92% 580.15% 987.92% 316.43% 288.10% 230.98% 238.93% 100.00%
NP 347,630 318,483 261,297 264,379 292,073 196,755 251,412 143,114 36,283 26,230 18,279 7,392 42.81%
  YoY % 9.15% 21.89% -1.17% -9.48% 48.45% -21.74% 75.67% 294.44% 38.33% 43.50% 147.28% -
  Horiz. % 4,702.79% 4,308.48% 3,534.86% 3,576.56% 3,951.20% 2,661.73% 3,401.14% 1,936.07% 490.84% 354.84% 247.28% 100.00%
NP to SH 294,144 265,985 209,909 234,896 292,179 197,048 247,677 139,751 33,884 26,569 18,542 7,950 38.70%
  YoY % 10.59% 26.71% -10.64% -19.61% 48.28% -20.44% 77.23% 312.44% 27.53% 43.29% 133.23% -
  Horiz. % 3,699.92% 3,345.72% 2,640.36% 2,954.67% 3,675.21% 2,478.59% 3,115.43% 1,757.87% 426.21% 334.20% 233.23% 100.00%
Tax Rate 27.32 % 24.00 % 21.09 % 23.11 % 19.27 % 7.70 % 10.01 % 5.89 % 18.35 % 19.95 % 27.01 % 27.69 % -2.68%
  YoY % 13.83% 13.80% -8.74% 19.93% 150.26% -23.08% 69.95% -67.90% -8.02% -26.14% -2.46% -
  Horiz. % 98.66% 86.67% 76.16% 83.46% 69.59% 27.81% 36.15% 21.27% 66.27% 72.05% 97.54% 100.00%
Total Cost 2,331,022 3,117,748 2,258,043 770,520 618,083 346,500 832,012 798,747 828,938 689,594 622,539 462,896 17.16%
  YoY % -25.23% 38.07% 193.05% 24.66% 78.38% -58.35% 4.16% -3.64% 20.21% 10.77% 34.49% -
  Horiz. % 503.57% 673.53% 487.81% 166.46% 133.53% 74.85% 179.74% 172.55% 179.08% 148.97% 134.49% 100.00%
Net Worth 1,836,638 1,836,638 1,645,192 1,751,680 1,970,282 1,964,482 1,334,854 502,777 275,425 151,253 121,961 105,504 31.59%
  YoY % 0.00% 11.64% -6.08% -11.09% 0.30% 47.17% 165.50% 82.55% 82.10% 24.02% 15.60% -
  Horiz. % 1,740.81% 1,740.81% 1,559.35% 1,660.29% 1,867.48% 1,861.98% 1,265.21% 476.54% 261.06% 143.36% 115.60% 100.00%
Dividend
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
Div 87,458 65,812 66,249 65,688 129,163 181,018 14,257 - - - - - -
  YoY % 32.89% -0.66% 0.85% -49.14% -28.65% 1,169.66% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % 613.44% 461.61% 464.67% 460.74% 905.95% 1,269.66% 100.00% - - - - -
Div Payout % 29.73 % 24.74 % 31.56 % 27.96 % 44.21 % 91.86 % 5.76 % - % - % - % - % - % -
  YoY % 20.17% -21.61% 12.88% -36.76% -51.87% 1,494.79% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % 516.15% 429.51% 547.92% 485.42% 767.53% 1,594.79% 100.00% - - - - -
Equity
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
Net Worth 1,836,638 1,836,638 1,645,192 1,751,680 1,970,282 1,964,482 1,334,854 502,777 275,425 151,253 121,961 105,504 31.59%
  YoY % 0.00% 11.64% -6.08% -11.09% 0.30% 47.17% 165.50% 82.55% 82.10% 24.02% 15.60% -
  Horiz. % 1,740.81% 1,740.81% 1,559.35% 1,660.29% 1,867.48% 1,861.98% 1,265.21% 476.54% 261.06% 143.36% 115.60% 100.00%
NOSH 1,093,237 1,093,237 1,104,156 1,094,800 1,076,363 1,090,470 950,479 213,312 196,172 72,404 68,502 68,509 32.03%
  YoY % 0.00% -0.99% 0.85% 1.71% -1.29% 14.73% 345.58% 8.74% 170.94% 5.70% -0.01% -
  Horiz. % 1,595.74% 1,595.74% 1,611.68% 1,598.02% 1,571.11% 1,591.71% 1,387.37% 311.36% 286.34% 105.69% 99.99% 100.00%
Ratio Analysis
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
NP Margin 12.98 % 9.27 % 10.37 % 25.55 % 32.09 % 36.22 % 23.21 % 15.19 % 4.19 % 3.66 % 2.85 % 1.57 % 20.77%
  YoY % 40.02% -10.61% -59.41% -20.38% -11.40% 56.05% 52.80% 262.53% 14.48% 28.42% 81.53% -
  Horiz. % 826.75% 590.45% 660.51% 1,627.39% 2,043.95% 2,307.01% 1,478.34% 967.52% 266.88% 233.12% 181.53% 100.00%
ROE 16.02 % 14.48 % 12.76 % 13.41 % 14.83 % 10.03 % 18.55 % 27.80 % 12.30 % 17.57 % 15.20 % 7.54 % 5.40%
  YoY % 10.64% 13.48% -4.85% -9.58% 47.86% -45.93% -33.27% 126.02% -29.99% 15.59% 101.59% -
  Horiz. % 212.47% 192.04% 169.23% 177.85% 196.68% 133.02% 246.02% 368.70% 163.13% 233.02% 201.59% 100.00%
Per Share
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
RPS 245.02 314.32 228.17 94.53 84.56 49.82 113.99 441.54 441.05 988.64 935.47 686.46 -10.42%
  YoY % -22.05% 37.76% 141.37% 11.79% 69.73% -56.29% -74.18% 0.11% -55.39% 5.68% 36.27% -
  Horiz. % 35.69% 45.79% 33.24% 13.77% 12.32% 7.26% 16.61% 64.32% 64.25% 144.02% 136.27% 100.00%
EPS 26.90 24.33 18.90 21.43 26.85 18.07 26.06 20.31 17.27 36.69 27.07 11.61 4.99%
  YoY % 10.56% 28.73% -11.81% -20.19% 48.59% -30.66% 28.31% 17.60% -52.93% 35.54% 133.16% -
  Horiz. % 231.70% 209.56% 162.79% 184.58% 231.27% 155.64% 224.46% 174.94% 148.75% 316.02% 233.16% 100.00%
DPS 8.00 6.00 6.00 6.00 12.00 16.60 1.50 0.00 0.00 0.00 0.00 0.00 -
  YoY % 33.33% 0.00% 0.00% -50.00% -27.71% 1,006.67% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % 533.33% 400.00% 400.00% 400.00% 800.00% 1,106.67% 100.00% - - - - -
NAPS 1.6800 1.6800 1.4900 1.6000 1.8305 1.8015 1.4044 2.3570 1.4040 2.0890 1.7804 1.5400 -0.33%
  YoY % 0.00% 12.75% -6.88% -12.59% 1.61% 28.28% -40.42% 67.88% -32.79% 17.33% 15.61% -
  Horiz. % 109.09% 109.09% 96.75% 103.90% 118.86% 116.98% 91.19% 153.05% 91.17% 135.65% 115.61% 100.00%
Adjusted Per Share Value based on latest NOSH - 1,098,384
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
RPS 243.87 312.84 229.37 94.22 82.86 49.46 98.64 85.75 78.77 65.17 58.34 42.82 18.26%
  YoY % -22.05% 36.39% 143.44% 13.71% 67.53% -49.86% 15.03% 8.86% 20.87% 11.71% 36.24% -
  Horiz. % 569.52% 730.59% 535.66% 220.04% 193.51% 115.51% 230.36% 200.26% 183.96% 152.20% 136.24% 100.00%
EPS 26.78 24.22 19.11 21.39 26.60 17.94 22.55 12.72 3.08 2.42 1.69 0.72 38.78%
  YoY % 10.57% 26.74% -10.66% -19.59% 48.27% -20.44% 77.28% 312.99% 27.27% 43.20% 134.72% -
  Horiz. % 3,719.44% 3,363.89% 2,654.17% 2,970.83% 3,694.44% 2,491.67% 3,131.94% 1,766.67% 427.78% 336.11% 234.72% 100.00%
DPS 7.96 5.99 6.03 5.98 11.76 16.48 1.30 0.00 0.00 0.00 0.00 0.00 -
  YoY % 32.89% -0.66% 0.84% -49.15% -28.64% 1,167.69% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % 612.31% 460.77% 463.85% 460.00% 904.62% 1,267.69% 100.00% - - - - -
NAPS 1.6721 1.6721 1.4978 1.5948 1.7938 1.7885 1.2153 0.4577 0.2508 0.1377 0.1110 0.0961 31.59%
  YoY % 0.00% 11.64% -6.08% -11.09% 0.30% 47.17% 165.52% 82.50% 82.14% 24.05% 15.50% -
  Horiz. % 1,739.96% 1,739.96% 1,558.58% 1,659.52% 1,866.60% 1,861.08% 1,264.62% 476.27% 260.98% 143.29% 115.50% 100.00%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
Date AQR T4Q 31/01/20 31/01/19 30/01/18 31/01/17 30/01/15 30/01/14 31/01/13 31/01/12 31/01/11 29/01/10 -
Price 6.2700 6.2700 6.2000 4.1000 4.2200 3.1100 2.8400 7.4000 2.2000 1.9900 0.9800 0.6400 -
P/RPS 2.56 1.99 2.72 4.34 4.99 6.24 2.49 1.68 0.50 0.20 0.10 0.09 40.59%
  YoY % 28.64% -26.84% -37.33% -13.03% -20.03% 150.60% 48.21% 236.00% 150.00% 100.00% 11.11% -
  Horiz. % 2,844.44% 2,211.11% 3,022.22% 4,822.22% 5,544.44% 6,933.33% 2,766.67% 1,866.67% 555.56% 222.22% 111.11% 100.00%
P/EPS 23.30 25.77 32.61 19.11 15.55 17.21 10.90 11.30 12.74 5.42 3.62 5.52 19.43%
  YoY % -9.58% -20.98% 70.64% 22.89% -9.65% 57.89% -3.54% -11.30% 135.06% 49.72% -34.42% -
  Horiz. % 422.10% 466.85% 590.76% 346.20% 281.70% 311.78% 197.46% 204.71% 230.80% 98.19% 65.58% 100.00%
EY 4.29 3.88 3.07 5.23 6.43 5.81 9.18 8.85 7.85 18.44 27.62 18.13 -16.26%
  YoY % 10.57% 26.38% -41.30% -18.66% 10.67% -36.71% 3.73% 12.74% -57.43% -33.24% 52.34% -
  Horiz. % 23.66% 21.40% 16.93% 28.85% 35.47% 32.05% 50.63% 48.81% 43.30% 101.71% 152.34% 100.00%
DY 1.28 0.96 0.97 1.46 2.84 5.34 0.53 0.00 0.00 0.00 0.00 0.00 -
  YoY % 33.33% -1.03% -33.56% -48.59% -46.82% 907.55% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % 241.51% 181.13% 183.02% 275.47% 535.85% 1,007.55% 100.00% - - - - -
P/NAPS 3.73 3.73 4.16 2.56 2.31 1.73 2.02 3.14 1.57 0.95 0.55 0.42 25.76%
  YoY % 0.00% -10.34% 62.50% 10.82% 33.53% -14.36% -35.67% 100.00% 65.26% 72.73% 30.95% -
  Horiz. % 888.10% 888.10% 990.48% 609.52% 550.00% 411.90% 480.95% 747.62% 373.81% 226.19% 130.95% 100.00%
Price Multiplier on Announcement Date
AQR T4Q 31/01/20 31/01/19 31/01/18 31/01/17 31/01/15 31/01/14 31/01/13 31/01/12 31/01/11 31/01/10 CAGR
Date AQR T4Q 25/03/20 27/03/19 29/03/18 30/03/17 27/03/15 27/03/14 28/03/13 29/03/12 29/03/11 29/03/10 -
Price 5.6400 5.6400 5.0900 4.5900 3.7600 3.2100 2.8200 8.9000 2.5400 1.7300 1.0100 0.9500 -
P/RPS 2.30 1.79 2.23 4.86 4.45 6.44 2.47 2.02 0.58 0.17 0.11 0.14 31.87%
  YoY % 28.49% -19.73% -54.12% 9.21% -30.90% 160.73% 22.28% 248.28% 241.18% 54.55% -21.43% -
  Horiz. % 1,642.86% 1,278.57% 1,592.86% 3,471.43% 3,178.57% 4,600.00% 1,764.29% 1,442.86% 414.29% 121.43% 78.57% 100.00%
P/EPS 20.96 23.18 26.77 21.39 13.85 17.76 10.82 13.58 14.71 4.71 3.73 8.19 12.57%
  YoY % -9.58% -13.41% 25.15% 54.44% -22.02% 64.14% -20.32% -7.68% 212.31% 26.27% -54.46% -
  Horiz. % 255.92% 283.03% 326.86% 261.17% 169.11% 216.85% 132.11% 165.81% 179.61% 57.51% 45.54% 100.00%
EY 4.77 4.31 3.73 4.67 7.22 5.63 9.24 7.36 6.80 21.21 26.80 12.21 -11.18%
  YoY % 10.67% 15.55% -20.13% -35.32% 28.24% -39.07% 25.54% 8.24% -67.94% -20.86% 119.49% -
  Horiz. % 39.07% 35.30% 30.55% 38.25% 59.13% 46.11% 75.68% 60.28% 55.69% 173.71% 219.49% 100.00%
DY 1.42 1.06 1.18 1.31 3.19 5.17 0.53 0.00 0.00 0.00 0.00 0.00 -
  YoY % 33.96% -10.17% -9.92% -58.93% -38.30% 875.47% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % 267.92% 200.00% 222.64% 247.17% 601.89% 975.47% 100.00% - - - - -
P/NAPS 3.36 3.36 3.42 2.87 2.05 1.78 2.01 3.78 1.81 0.83 0.57 0.62 18.61%
  YoY % 0.00% -1.75% 19.16% 40.00% 15.17% -11.44% -46.83% 108.84% 118.07% 45.61% -8.06% -
  Horiz. % 541.94% 541.94% 551.61% 462.90% 330.65% 287.10% 324.19% 609.68% 291.94% 133.87% 91.94% 100.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  4 people like this.
 
Qiinvestor @yishhh999 May I know how you get the news or the source it comes from?
19/10/2020 9:38 AM
理财记事本 does anyone know what happen beside this huge drop?
19/10/2020 9:41 AM
Qiinvestor https://www.thestar.com.my/business/business-news/2020/10/19/quick-take-yinson-slides-after-petrobras-postpones-project
19/10/2020 9:49 AM
Louise4 Shit. Run.
19/10/2020 9:56 AM
gogreen Govt want $ pay prihatin.. so no choice EPF sell stake get $ ? Haha..
19/10/2020 10:09 AM
night_shadow bad news for Yinson.. but it’s still a good company, below 5.0 would be a good support buy, it’ll rebound soon above 5.0
19/10/2020 10:41 AM
Killsthebear EPF bought alot recently. Collecting
19/10/2020 11:34 AM
investmentking buy now!
19/10/2020 12:22 PM
fregend I'm collecting, good price now will rebound soon
19/10/2020 12:23 PM
L A ya is time buy
19/10/2020 12:33 PM
DannyArcher I am buying Yinson for their renewable energy (solar) prospect. I like companies that are able to transform and continue to grow. Yinson knows O&G cannot last forever, and based on my research, they are one of the best renewable energy company so far. Long term, Yinson will be ok, not like UZMA where OTB and KYY is holding to goreng.
19/10/2020 1:23 PM
RainT But their renewable energy segment has yet to contribute any meaningful profit
19/10/2020 1:34 PM
RainT In short term will still depend on oil n gas sector
19/10/2020 1:34 PM
DannyArcher @RainT

Yup, very dependable on O&G. Oil price already so low, can it go lower? Unlikely, but probable. Upside better than downside. In 1 or 2 years time, oil price will fly. Some say USD60-70, while others say USD100+ because so many company went bankrupt or scale down their capex, thus when demand returns, which it will as more people fly and drive, prices will fly as demand will outstrip supply due to the cut in capex this year. Buy now for the future, some say buy low... but nobody knows when it the low, as long as the upside is bigger than the downside, it is worth the risk.
19/10/2020 2:39 PM
investmentking bargain buy now
19/10/2020 2:48 PM
Pyh96 Rsi shows oversold 9 9

Currently Rsi is much lower compared to the Similar price before MCO
19/10/2020 3:15 PM
Iamnotasifu buy this and wait for rebound, good FA, why scare?
19/10/2020 3:55 PM
Louise4 cut loss
19/10/2020 3:57 PM
Louise4 oversold. buy.
19/10/2020 4:11 PM
kinliang Falling knife.
19/10/2020 5:37 PM
19/10/2020 7:11 PM
Terrenceyeo Sell sell .. tmr dropping rm 4. Oil and gas is dying
19/10/2020 9:56 PM
mf Proton confirms 49 employees in Shah Alam test positive for Covid-19
NATION
Monday, 19 Oct 20208:34 PM MYT
20/10/2020 12:35 AM
mf Globally, as of 2:01pm CEST, 19 October 2020, there have been 39,944,882 confirmed cases of COVID-19, including 1,111,998 deaths, reported to WHO.
20/10/2020 5:19 AM
Jobless Promoters EPF/KWAP employee? Any more job vacancy?
20/10/2020 7:42 AM
Louise4 Dont buy all. Leave some for me to buy.
20/10/2020 9:26 AM
awieze emmmmm
20/10/2020 11:28 AM
awieze ku sangkakan panas sampai ke petang, rupanya hujan ditengah hari
20/10/2020 11:32 AM
Alfonso Adui, hujan lebat coming soon ni
20/10/2020 11:34 AM
WitNess Good timing to grab some.
20/10/2020 11:37 AM
awieze pecah 5.00, ingat terus pecut
20/10/2020 11:41 AM
jjgoh0608 Maybank IB Research upgrades Yinson to 'buy' on improving prospects

By Tan Siew Mung | theedgemarkets.com | 2020-10-20 11:17:23
KUALA LUMPUR (Oct 20): Maybank IB Research has upgraded Yinson Holdings Bhd to "buy" from "hold", with an unchanged target price (TP) of RM5.45, as it sees the oil and gas (O&G) stock's value emerge on improved prospects.

Maybank IB Research analyst Liaw Thong Jung said in a note today Yinson’s 14% fall yesterday had priced in the Parque das Baleias (PDB) floating production storage and offloading (FPSO) loss scenario and turned Yinson attractive now.

Liaw also believes Yinson has the advantage over peers for a PDB rebid in terms of knowledge of the project (with a short deadline) and the capacity to take on new jobs.

“Assuming it fails to land PDB, tender visibility remains decent for 2021 for Yinson will participate in Enauta’s Atlanta and Petronas’ (Petroliam Nasional Bhd) Limbayong projects,” said Liaw.

According to Liaw, apart from PDB, Yinson has also indicated interest to participate in two tenders (Petronas’ Limbayong and Enauta’s Atlanta), which will be rolled out in 2021.

Capacity-wise, Liaw said, Yinson can only take on the PDB or Atlanta job (relatively similar in size) and the smaller Limbayong project without running into systemic risk.

“For that, Yinson will likely dispose of one of the two very large crude carriers (VLCCs) [currently on spot and six-month charter], provided that the price is right. Recall that these VLCCs were acquired for the Pecan and PDB jobs,” said Liaw.

Liaw also noted that Yinson had dropped the RM500 million to RM700 million rights issue plan for now until it gets clarity over the PDB, Limbayong and Atlanta tenders.

“Should it fail to land any of the above, Yinson will likely declare higher dividends, while at the same time aim to remain syariah-compliant and refocus its resources to accelerate growth in the renewable energy space, which carries much long-term potential in an energy transition period,” said Liaw.

Yinson's share price rose six sen or 1.24% to RM4.88 in early trade today, valuing the company at RM5.13 billion.
20/10/2020 11:42 AM
awieze omg
20/10/2020 12:20 PM
davors will fall to 4.50 first
20/10/2020 4:10 PM
investmalysia Bought some test test water
20/10/2020 4:47 PM
Fabien "The Efficient Capital Allocater" Bought Yinson 4.76

Believe in the management that they will come back up from this setback.
20/10/2020 8:06 PM
RainT Buy or wait drop more ?
21/10/2020 3:56 PM
Sohai Trader buy and hold, patience....
21/10/2020 10:26 PM
gemfinder 3.50 i buy
21/10/2020 10:48 PM
Lioncity Collecting at 4.70
22/10/2020 10:32 AM
RoyalExpert Just bought below 4.70, still collecting. Glad to buy lower than the company collection price. Ini kalilah!
22/10/2020 3:34 PM
Keyman188 Still too early....

Not hurry to move in energy sector...
22/10/2020 3:36 PM
Keyman188 Still too early....

Not hurry to move in energy sector...
22/10/2020 3:36 PM
Henry8833 I bought some today and hold for recovering. Still dropping bit by bit every day. Will buy when RM 4.5 for my next batch if can get.
22/10/2020 4:14 PM
Henry8833 Yes. For energy sector, maybe have to wait.
22/10/2020 4:18 PM
Killsthebear https://www.thestar.com.my/business/business-news/2020/10/24/oil-falls-about-2-on-libyan-output-covid-19-demand-concerns

https://www.reuters.com/article/global-oil-int/oil-falls-as-demand-concerns-overshadow-possible-opec-cut-extension-idUSKBN278045
24/10/2020 3:27 PM
Myeye ~.~
27/10/2020 9:46 AM
Promaster https://www.theedgemarkets.com/article/yinsons-fpso-abigailjoseph-achieves-first-oil
30/10/2020 1:31 PM
andr good news
https://themalaysianreserve.com/2020/10/30/yinsons-fpso-abigail-joseph-achieves-first-oil/
30/10/2020 2:03 PM
Lioncity Price stabilising at 4.5x, good time to collect.
30/10/2020 7:10 PM