Hoho not like KonLee own claimed FA n TA Gutu here !🤣

There are five types of moats:

* Low-cost production; Vietnam JV Power Plant 1200 MW production cost is managed within PPA agreement n Coal Supply agreement for 25 years until 2046 , and >

JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.


* High switching costs; successfully diversified into Power / utility industry , Vietnam power plant 1200 MW , EPCC RM 8.7 billion.

To be continue :

* Network effects;
* Intangible assets;
* Efficient scale.

Hoho KonLee KonPet ke ..! 🤣

Hoho I am referring to :


The Graham number (or Benjamin Graham's number) measures a stock's fundamental value by taking into account the company's earnings per share (EPS) and book value per share (BVPS). The Graham number is the upper bound of the price range that a defensive investor should pay for the stock.

Hoho or u referred to PBB … just 1000 share 23 years ago Shl made u became a millionaire!

As said is not easy to catch the MOAT of a stock as is changing with Time … I am still learning!

Hoho it’s ok , as I said I am learning along the Posts …

As ethical Sifu 3iii said Moat of a stock ..I had posted earlier here Jaks Moat compared to Nestle ( is changing with Time ) ..

Nestle : with High ROE .

Current Ratio 0.61
Debt-Equity (DE) Ratio 4.52
FCF Yield 0.23 %
Revenue QoQ -14.55 %
Revenue YoY -13.0%
Profit QoQ -52.13 %
Profit YoY -48.27 %
Profit Margin (Sector Median: 8.2) 8.44 %
ROE (ROIC: 59.2) 85.93 %
Dividend Per Share (DPS) 268.0 sen
Dividend Yield (DY) 2.57 %

>> only those bought 15 years ago will be benefited the most .

Hoho must be Yummy on Yinson SBB ..

Hoho EPF n KWAP multiple fund managers keep rotating acquired n disposed on Yinson SBB .

Hoho referring to YTLpower , its share price had been press down over 10 years .. until Net Profit is Surge Up starting Last year :

Current Ratio 2.15
Debt-Equity (DE) Ratio 2.2
FCF Yield 2.42 %
Revenue QoQ 22.9 %
Revenue YoY -10.53%
Profit QoQ 53.49 %
Profit YoY -5.12 %
Profit Margin (Sector Median: 7.6) 15.52 %
ROE (ROIC: 7.21) 18.11 %

Hoho just call me , John .

Hoho this is very Risky if Debt is keep increasing :

The delivery strengthens Yinson's long-term partnership with Petrobras, Yinson Production chief executive officer Flemming Grønnegaard said.

“We have been steadily growing our operations in Brazil over the past few years, and with FPSO Maria Quitéria joining our fleet, we look forward to further contributing to the country’s energy needs and help drive Brazil’s economic and communities’ growth,” he added.  

The group, via Yinson Production, has nine floating assets including two en-route for delivery, with a total order book of over US$22 billion (RM94.69 billion) lasting until 2048.

Of the two vessels, FPSO Atlanta, which is serving client Enauta, is still awaiting go-ahead for first oil, according to news reports in September. That 50,000-bpd vessel arrived in the Atlanta field offshore Brazil in May, and was initially expected to be commissioned in February this year.

Another FPSO, the 120,000-bpd Agogo for client Azule Energy is expected to be completed by 2025 for commissioning by 2026, according to Yinson's investor presentation. 

Hoho that’s why I had posted earlier let’s see the Debt can be reduced by end 2025 :

>QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.

>> QR ended July 2024 , Net Profit RM 203 million- RM 3,025 million ( increased of Loans n borrowings) = - RM 2,822 million.😱



-

Yinson Loans n Borrowings:


3.) QR ended July 2024

RM 19,580 million


👉Compared Q to Q : is increased by RM 3,025 million.



2.) QR ended April 2024

RM 16,555 million.


👉Compared Q to Q : is increased by RM 236 million.


1.) QR ended January 2024

RM 16,319 million.

Hoho I meant Production cost is increased due to Loans interest rate !😱


—-

Question : the Profit generated from this FPSO Anna Nery since 1st oil on 7/5/2023 shl be deteriorating?

Sslee
6,508 posts

Posted by Sslee > 1 hour ago | Report Abuse

Aiyoyo Mike-tikus Anna Nery Firm backlog (22.5 years): USD 5.7bn.
Yinson is still major shareholder of FPSO Anna Nery with equity stake of 63.2%.
Profit will still be in Yinson book only accounting
Profit attributable to:
Owners of the Company : 63.2%
Non-controlling interests 36.8 %

Hoho Thanks on yr update …Forumer will be more interested on FPSO Atlanta 1st oil including Top platform facilities.

Hoho how is FPSO Atlanta 1st oil by August 2024 progress , any progress update ? ( initially by February 2024 ! )

Let’s do an illustration if Delayed A Day :

"In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.


USD 1.981 billion x 4.30 = RM 8.52 billion/ 15 years x 365 days

1st oil if delayed of 1 Day Shl incurred Revenue Loss = RM 1.56 million/ day

Another risk : Currency exchange rate USD to RM is dropped to 4.30 from 4.71 .

Hoho oredi hinted to u , need to repeat :

1.) even Jaks is increased 30 % to 40 % on Vietnam Power Plant 1200 MW EPCC RM 8.7 billion…still is an associate company.. Revenue is not recorded in Jaks group !

Although Non Current Asset of Investment in Joint Venture is increased from :

> March 2016 = 128,297,000

TO

> June 2024 = 943 ,960,000


2.) Just a Business way of Give n Take although the Profit is Good .

3.) Now Jaks partner again with CPECC on LSS5 2000 MW , EPCC RM7.2 billion:

Jaks 51 % : CPECC 49 % , submitted tender 200 MW ( with intention up to limit 500 MW ) .. as an 51 % subsidiary company, Revenue Shl be recorded in Jaks group.

Let’s see tender award is scheduled to be announced on November 2024 …

—-

Posted by Sslee > 1 minute ago | Report Abuse

The question you should ask is why dispose 11.8% stake of FPSO Anna Nery for 59m USD to Japanese investors?

By the way had you ask ALP why jaks did not take up the option of addition 10% equity of JHDP?

Hoho not like Armada , after FPSO Kraken 1st oil is delayed ard 1 year with impairment ard RM 1.6 billion.. the Boss still can support its Operation in Vietnam with his own private company, although he is failed in India Telco investment over RM 20 billion.

Armada :
Current Ratio 0.66
Debt-Equity (DE) Ratio 0.93
FCF Yield 8.99 %
Revenue QoQ -8.92 %
Revenue YoY 31.16%
Profit QoQ 10.57 %
Profit YoY 123.93 %
Profit Margin (Sector Median: 7.0) 21.96 %
ROE (ROIC: 4.47) 6.18 %

Yinson :
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.24 %
Revenue QoQ -3.25 %
Revenue YoY -29.03%
Profit QoQ 0.0 %
Profit YoY -2.4 %
Profit Margin (Sector Median: 6.5) 8.99 %
ROE (ROIC: 4.16) 10.24 %

Yinson-Sumitomo secures USD670 million mini perm financing for FPSO Anna Nery

11 Aug 2021 — Sumitomo owns a 25% stake in the project. The deal has been positively received by the investment community with several banks expressing ...

Posted by Philip ( buy what you understand) > 1 hour ago | Report Abuse

And speaking of negative news, yinson selling 11% stake for 59m USD to Japanese investors.

https://themalaysianreserve.com/2024/10/22/yinson-production-completes-sale-of-minority-stake-in-fpso-anna-nery-to-k-line/


>>>
Question : the Profit generated from this FPSO Anna Nery since 1st oil on 7/5/2023 shl be deteriorating?

Hoho I read of his background in Insas during u r having fun on the TopGlove with Charles …

Hoho or maybe he will back to his close forum .. as he said earlier??🤣

Hoho then I will use Haha only post Facts n Figures as in YTLpower.. flagged will not be post removed.

Hoho still on going … Untung nya yummy ke :


Announced Date Change Type Shares Name

22 Oct 2024 17 Oct 2024 Disposed 1,001,000 EMPLOYEES PROVIDENT FUND BOARD

21 Oct 2024 16 Oct 2024 Disposed 425,200 EMPLOYEES PROVIDENT FUND BOARD

18 Oct 2024 15 Oct 2024 Disposed 50,000 EMPLOYEES PROVIDENT FUND BOARD

17 Oct 2024 14 Oct 2024 Disposed 192,100 EMPLOYEES PROVIDENT FUND BOARD

15 Oct 2024 10 Oct 2024 Disposed 100,000 EMPLOYEES PROVIDENT FUND BOARD

11 Oct 2024 08 Oct 2024 Disposed 455,503 EMPLOYEES PROVIDENT FUND BOARD

11 Oct 2024 08 Oct 2024 Disposed 472,000 EMPLOYEES PROVIDENT FUND BOARD

10 Oct 2024 07 Oct 2024 Acquired 310,700 EMPLOYEES PROVIDENT FUND BOARD

Hoho 1st Volume play Case Study in HLT during which is LU 3 times in a week … 



2nd V.P Case Study in PA on 2021 with 2 objectives : 



👉 a) To share n learn Investment knowledge n skills as Newbie n ikanbilis. 



👉 b ) To Exposé kon man n actor… 


Hoho only when I debated with u recently, i realised my posts in Harta on early 2022 was flagged to post removed. So worried, be mature in public forum .

>Referred to FY2024 Annual Report >

Treasury shares ( SBB ) : 157,333,000 unit ( 4.94 % , RM 369 million)


> QR ended July 2024 :

Treasury shares ( SBB ) : ? Unit ( ? % , RM 470 million )


👉Question: Why Spent so much money on SBB to push up the Price ? Where as EPF n KWAP rotating Cari Untung . The worst is loans n borrowings is keep increasing ?? 😱

Hoho with more Loans n Borrowings .. Yinson cost Shl be increased..

And the return in USD conversion to RM is :

USD to MYR Chart
-9.23%
(1Y)
US Dollar to Malaysian Ringgit

Yinson FY2024 Annual Report:

1.) Loss from net investment Hedge , ( RM 125 million)

2.) Reclassification of changes in fair value of cash flow hedges , ( RM 180 million) .

3.) Interest expenses on Loans n Borrowing = RM 1,118 million.

4.) Treasury shares ( SBB ) : 157,333,000 unit ( 4.94 % , RM 369 million)

5.) Loans n Borrowings :

A.) Sukuk Wakalah : Fixed rate at 5.55 % per annum : RM 1,005 million

B.) Term Loans :

1.) Fixed rate at 12.0 % per annum USD > RM 1,061 million

2.) Fixed rate at 13.88 % per annum USD > RM 1,237 million.

3.) Floating rate vary based on Cost of funds USD > RM 478 million

4.) Floating rate vary based on Secured Overnight Financing Rate USD > RM 10,808 million.

5.) Floating rate vary based on Cost of funds INR > RM 851 million

5.a) INR > RM 141 million

Rate is reset every 5 years .

6.) Revolving Credits

Floating rate vary based on Cost of funds USD > RM 115 million

C.) Unsecured:

7.) Term Loans : Floating rate vary based on Secured Overnight Financing Rate USD > RM 543 million.

8.) Revolving Credits: Floating rate vary based on KLIBOR RM 179 million

9.) Floating rate vary based on Cost of funds RM 101 million.

Hoho Yinson window dressing on QR ended April 2024 n July 2024 :

>QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.

>> QR ended July 2024 , Net Profit RM 203 million- RM 3,025 million ( increased of Loans n borrowings) = - RM 2,822 million.😱



-

Yinson Loans n Borrowings:


3.) QR ended July 2024

RM 19,580 million


👉Compared Q to Q : is increased by RM 3,025 million.



2.) QR ended April 2024

RM 16,555 million.


👉Compared Q to Q : is increased by RM 236 million.


1.) QR ended January 2024

RM 16,319 million.

Yinson Production Secures USD230 Million Financing in Relation to FPSO Maria Quitéria

7 Aug 2023 — Yinson Production has secured a USD230 million term loan facility in relation to FPSO Maria Quitéria.


Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO

2 May 2024 — The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over ...



Yinson-Sumitomo secures USD670 million mini perm financing for FPSO Anna Nery

11 Aug 2021 — Sumitomo owns a 25% stake in the project. The deal has been positively received by the investment community with several banks expressing ...



Yinson secures funding from private equity firm for floating facility in Angola

18 Aug 2023 — Yinson Holdings Bhd has secured US$300 million (RM1.39 billion) from a private equity firm, RRJ Capital, to partly finance its floating, ...



Yinson secures $720 million financing for Maria Quiteria FPSO

7 Oct 2022 — Malaysia's Yinson Holdings has entered into a $720 million syndicated loan facility for the Maria Quiteria floating production, storage and offloading vessel.

Haha the difference on Top 4 list screenshot as you posted … not the individual stock list …

And on Harta , you promoted on early 2022 at RM 5.80 .. saying u knew the cost ! And I said ASP shl be bottoming after March 2022 …

And said I had posted Top Glove TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 ,after posted the Demand vs Supply study of 7 local nitrile glove manufacturers on August 2022 .

Hoho KonLee no more posting in TSH support yr idol Calvin ?.. he used to said u r oil palm plantation expert le !

Before 2017 he is a Negative view commentator.

KonLe became a Kon on 2020 after Xingquin is delisted on 2019 ke 😱

Hoho TA Gutu what Shl be the Waves 2 downtrend price ? Lower low is coming ke ?🤣😱

Hoho why hurry as u shouting going Downtrend !


—-
Posted by Johnchew5 > 17 hours ago | Report Abuse

Hoho not like U claimed FA n TA Gutu here …see 5 waves even didn’t know the waves name EW … still blur blur Shouting waves 2 which is Downtrend !


—-

Posted by Sslee > 13 hours ago | Report Abuse

Aiyoyo Mike-tikus Yinson second wave coming!

Haha Top 4 list screenshot ard March 2021

21/4/2024

QL 6.15 4.79 ROE : 14.88 DY : 1.36%

Top Glove 5.32 1.05
ROE : - 11.23 DY : 0

Yinson 5.35 2.77
ROE : 10.24 DY : 1.81 %


Pchem 8.17 5.69
ROE : 4.36 DY : 2.64 %

Hoho emm interesting.. Top 4 list on ard March 2021 :

Top Glove 5.32

And KonLee posted list on :

All Time Performance (01-Jan-2019 - 15-May-2020) [Completed] | Total Return +6,783,560.21 [60.51%] over total capital of 11,210,831.48 | IRR: 42.53%

Hoho see KonLee with tikuss eye twisting as usual :


See on the date :

23-March 2020 at RM 6.20 all the way up to 10.20 by 15 May 2020?

Top 4 list screenshot ard March 2021?

—


Sslee

Aiyoyo,
Did Mike-tikus know Philip sold his Top Glove too early from 23-March 2020 at RM 6.20 all the way up to 10.20 by 15 May 2020?

Me and CharlesT have a field day making fun of Philip for selling Top Glove just a little bit too early.

So what is Mike-tikus talking about Top 4 list screenshot ard March 2021?

Hoho Trapped in Insas WC with averaging down at RM 0.25 ke ???

Hoho don’t be jealous Lee le .. until thanks me on Highlighted MMC in Insas that he gain RM 180,000 is a Lie also .

I had Cutwin on Zelan n MMC ( Zelan mother ) on 2021 during MMC privatisation.

Hoho luckily KonLee had a 2nd chance to sell Insas at RM 1.20 … as earlier he is targeting RM 1.50!…

Hoho I saw yr post on Jaks , will stop now …

Hoho btw my attention on Jaks after Lee posted sold on April 2023 ( since from 2017 ) ..

And Cap A during debated against his Kon maths , I said if not dropped below RM 0.56 is OK .. lowest is RM 0.56 ..

Hoho on Jaks is one of my Calculated Risk Stock category ( 50 % ), after Cap A ( cost RM 0.58 ) ..

Jaks getting the MOAT after successfully diversified into Power industry on January 2021 : Vietnam Power Plant 1200 MW ,EPCC RM 8.7 billion.. Jaks 30 % n CPECC 70 % with BOT 25 years .

And in RE Solar : LSS4 50 MW n CGPP 30 MW .

Recently tender LSS5 2000 MW , EPCC Rm 7.2 billion:

Jaks 51 % : CPECC 49 % > tendered 200 MW ( with intention up to limit 500 MW ) .

Land : 1730 acres in Terengganu signed MOU with TDM with rental RM 578 per acre per year . Land Area can be up to 500 MW Solar farm depends on Solar Panel efficiency: 12 % or 18 % .


Let’s see tender award is scheduled to be announced by November 2024 .

Top 4 list screenshot ard March 2021

21/4/2024

QL 6.15 4.79 ROE : 14.88 DY : 1.36%

Top Glove 5.32 1.05
ROE : - 11.23 DY : 0

Yinson 5.35 2.77
ROE : 10.24 DY : 1.81 %


Pchem 8.17 5.69
ROE : 4.36 DY : 2.64 %


Understood is not easy to catch the MOATS of a stock as changing with Time …such as Nestle : ROE 85.93 , DY 2.62 % , but only those bought on 15 years ago will be benefited the most .


Compared to small cap Scicom : ROE 24.05 DY : 8.28 %

Hoho why I use Hoho n Haha as Johnchew123 is not me …

Hoho my apologies to forumers here as posted not relevant to Yinson …

Hoho Pokkai TinKosongHuangbk blowing PMCORP with TP RM 2.00 , see its Value since 2013 wow.. ( Calvin blowing RM 5.00 to RM 10 ) …must be loss naked liaw .. want to share ❤️in PMCorp wow .... hibernated more than 7 years in a cave since 2014 until 2021… must be created a lot aka id … beware .




>> Pokkai TinKosongHuang joined the Kacukan 🐍Tippu Tippu gang ( even Tippu newbies membership fees RM 100 ) in TopGlove on 2024 to promote HK/China and US stock ____. Beware ..

Aka ID Marry n MrHuangbk n jc963852 are Banned permanently.

👉 Hoho The most despicable one is Kacukan Tipuu Tut2 / Stingray / Ularsawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu :

Hoho as replied to Sslleee n Kacukan Tipuu Pokkai Kon Ularsawa in HRC :


Oh , need to repeat ke … I bought HRC at RM 4.40 , 200 share only …. Did not sell even Petronm latest QR is bad before HRC QR at 4.55 to 4.60 , as for case study : 



1) See Sslleee Crack here Crack there Crack his Head at both Petronm n HRC 



2) referred to sslleee idol Conartist Callvin in TSH .. what is the result of did not cutwin at range 1.80 but following his call keep averaging down every 10 sen down ..


P/s : I had predicted Petronm n HRC Point 3 n Point 4 correctly when sslleee asked me ..


Oh when ssleee promoted Petronm at RM 7.00 in Insas … I am posted is in Point 1 peak Range … ethical Sifu 3iii posted Market is on Sale …


Note : Point 1 - Peak Range … Point 2 - Slide down … Point 3 - rebound with Swing Swing Swing … Point 4 - Down trend …

Hoho another group of abusive id is suspected from Ularsawa as he can communicate with them !

Hoho KonLee no more shouting to yr paid Macai “ Ularsawa come to X forum to rescue u “ !🤣