Hoho KonLee no more asking yr Kacukan Tippu gang 🐍Sawa n Stingray ( even Kon Telegram new members membership fees RM 100 🤣) ..whether to push up Insas to 52 w High … 1 sen only le 🤣🤣🤣

Hoho no worries as KonLee shouting in SCIB with TP RM 1.00 by early 2025 ..

And shouting in Jtiasa with TP RM 1.53 ( 52w H ) !🤣🤔

Hoho KonLee said will write to Insas to ask to put Commission wording in Other Operating Expenses , any reply ??? 🤣🤣🤣🤔

Remember Do 3 Own : Own Homework, Own Analysis n Own DecisionS as only you know your Risk level . 



DecisionS: is changed Upon new information, new facts n figures.

Insas : Other Operating Expenses


Hoho Points to Be Noted :


1.) Keep Selling Profitable Business


2.) Repeatedly issued RI to pay Bridging Loans .


3.) After RI is issued on 2021 , Staff Expenses is increased more than RM 20 million on 2021 compared to 2020 …


4.) A) High yearly employee salaries expenses :

👉 👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million

Total = RM 32.47 Million per year .🤩



B ) Other Operating Expenses = RM 25,842,000 / Quarter


Insas : Other Operating Expenses

FY 2019 : RM 61,457,000

FY 2020 : RM 101,270,000

FY2021 : RM 123,419,000

FY2022 : RM 137,009,000

FY2023 : RM 73,144,000


Total = RM 496,299,000


( Note : M&A RTO listing on 30/6/2023 )


👉As posted earlier , Insaf keep selling Inari Shares although market price is Low on 2019..at prices ranging from RM 1.68 to RM 1.81 , ( of coz Insaf buying price is low .. as low as ard RM 0.38 .. I did bought Insaf n Inari during Ah Sweet keep buying Inari .. with mentioned Dato' Dr Lee Chung Wah background…

Insaf holding Inari shares is greatly reduced from 2012 … 43 % to currently less than 14 % …

Hoho KonLee own claimed FA n TA Gutu in Yinson Forum .. saying see 5 waves wow .. didn’t know the waves name EW ..he posted in this week said Yinson waves 2 is coming … waves 2 is going Downtrend , that’s why now he is Pusing Pusing in Yinson forum!🤣🤣🤣🤔

Hoho KonLee even didn’t understand what is Labour expenses n Capex , Current Ratio , Corporate Structure. 



Even his 1st win n only win since investing from 2016 to 2023 is a Lies .🤣

Hoho let’s see USD currency exchange to VDD :

> USD to VND Chart
+19.58%
(10Y)
US Dollar to Vietnamese Dong

> USD to VND Chart
+9.53%
(5Y)

>USD to VND Chart
+2.54%
(2Y)


> USD to VND Chart
+2.54%
(2Y)

> USD to VND Chart
+2.84%
(1Y)


👉 Hoho Jaks afford to keep the money in overseas as with Low Gearing Ratio : 0.303x

Until June 2024 , Dividend is paid in 6 months from usual by Yearly !

Hoho Insas issued RI 2 times same as Jaks 2 times !

—-

Posted by Johnchew5 > 2 minutes ago | Report Abuse

Hoho really laugh live me le .. once upon a time is the Promoter in Insas , blowing so hard on TP RM 1.50 …shouting like in Pasar Malam on Insas RI with RPS ( interest 3.8 % , n WC ) .. Klon Netx RI with Warrants Wayang in Insas WC wayang … now KonLee cursing Insas Ah Sweet !🤣

Same as the Crack Spread Wayang at RM 7.00 in Hengyuan on 2022 … recently as Pretender cursing Hengyuan to be bankrupt! 🤣🤣🤣🤔

Hoho any impact on USD to RM currency exchange to Yinson ?

Hoho really laugh live me le .. once upon a time is the Promoter in Insas , blowing so hard on TP RM 1.50 …shouting like in Pasar Malam on Insas RI with RPS ( interest 3.8 % , n WC ) .. Klon Netx RI with Warrants Wayang in Insas WC wayang … now KonLee cursing Insas Ah Sweet !🤣

Same as the Crack Spread Wayang at RM 7.00 in Hengyuan on 2022 … recently as Pretender cursing Hengyuan to be bankrupt! 🤣🤣🤣🤔

Hoho referring to the USD to MYR Chart


—-


Posted by Philip ( buy what you understand) > 14 minutes ago | Report Abuse

so when will you be getting that portion of 597 million? Investors need to understand that the only way you get those money to shareholders is via Share buy back and Dividends. If you are not getting any of those things at all, something is very very very wrong. And if the money is in another country with no chance that the majority owner having full controls is not shareholder centric, then good luck to you.

>>>>
👉Grand Total = RM 597 million.👍

Hoho

USD to MYR Chart
+32.99%
(10Y)

USD to MYR Chart
+3.82%
(5Y)

USD to MYR Chart
-7.82%
(2Y)


USD to MYR Chart
-9.24%
(1Y)

Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍

Jaks 👉👉👉

2QR ended June 2023 :

> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )



>> Accumulated Profit on 3QR ended September 2023 : 350,327,000


👉 》〉Accumulated Profit on 4QR ended December 2023 : 348,126,000


👉 Accumulated Profit on 1QR ended March 2024 : 361,786,000


> Accumulated Profit :
March 2016 = 55,453,000 … > June 2024 = 369,116,000 .

Hoho remember Buy Low Sell High !

Hoho shl stop Jaks here if no one mentioned on Jaks here again .

Hoho as KonLee asked many times , why Jaks pay loans in 10 years , why not in 25 years , banks No confidence ke .. as said CPECC ( 70 % ) did the financing , and

1.) Why pay loans in 25 years if one can pay in 10 years , u know the accumulation of interest amount !😱

2.) Investment certificate
* JHDP shall be entitled to 10% tax rate for the full term of the project.
* 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.

Hoho KonLee instruct yr konpetHuang to read How Yinson GROUP CHIEF FINANCIAL OFFICER calculate Gearing Ratio !🤣

Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X




——

Jaks : repayment on Vietnam Power Plant Loans

Haha illustration on :

Vietnam JV Power Plant RM 8.7 billion: 25 % equity, 75% Loans .

Jaks 30 % , CPECC 70 %:

8.7 billion x 0.75 x 0.3 = 1.96 billion.

1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 :

Each year repaid loan amount = 0.196 billion

2021 to 2023 , 3 years = 0.588 billion

> 1.96 billion- 0.588 billion = 1.37 billion

>> Investment in Joint Venture as on June 2024 = 0.94 billion


👉Observation 1 : Non current asset of Investment in Joint Venture 0.94 billion as FCF Growth to be prepared for big projects and served as some kind of security ( on loans although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years.


👉👉Observation 2 : Vietnam associate company JHDP had been paying Dividend from yearly is changed to Half year ( other than Share of Profit by Quarterly) :

2022 : Dividend RM 70 million
2023 : Dividend RM 27.4 million
June 2024 : Dividend RM 14.2 million

Hoho Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction contract of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

Referring to the Grand Total since COD , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 years.


按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年you



——


Posted by Philip ( buy what you understand) > 17 hours ago | Report Abuse

unlike jaks here you are posted purely different story. The borrowings are to move forward the EPCC and FPSO construction which is a loan with 18.5 years debt period which provides cashflow ease to yinson. The "window" dressing you should be putting is this.

Hoho btw Huang bok kai is the Pretending Kon as Negative views commentator is Serba forum with Kon Bobaxerold ( MIA oredi ) after awaken by his master from over 7 years hibernation!🤣

Yinson Renewables :

Site investigation : 3700 MW

Projects secured : 1032 MW ( 2 to 5 years to COO ( construction, own n operate) ) .

Construction: 540 MW

COO : 557 MW

Operational Assets in India n Peru

Armada vs Yinson fleet


Armada :

The current operated assets as follow:
 

3 wholly owned FPSOs

4 jointly owned FPSOs

1 wholly owned LNG FSU

2 construction vessels


👉Note : after sold FPSO Claire which the Contract Option of renewal/ additional year is terminated n Lost in Legal Trial .


Malaysian player sells FPSO to mystery buyer for $20 million. Malaysian floater specialist Bumi Armada has confirmed it has sold via its subsidiary Armada Balnaves the Armada Claire floating production, storage and offloading vessel for $20 million.26 Apr 2023


—

Yinson :


FPSO Jak : 74 %

FPSO Helang : 100 %

FPSO Abigail : 100 %

FPSO Anna Nery : 75 % ( recently is reduced to 64 % , 1st oil on May 2023 ) .

FPSO Maria : 100 % ( 1st oil on October 2024 )

FPSO Agogo : 100 % ( still in Construction, 1st oil is scheduled by early 2026 )

FPSO Lam Son : 49 %

FSO Bien : 49 %

Hoho why yr latest aka id Mr.Huangbk is banned permanently!! Posted TinKosong n rubbish threads , used similar/ abusive id to post abusive n unethical content!

—-


Posted by Huangbk72 > 9 hours ago | Report Abuse

Hahhaa Mr Fake Facts Miketikus

Cannot answer questions about your own post, delete all my posts?

Coward le 🤣

By the way, you been warned about your latest post about Yinson window dressing. U got it wrong again

Hoho what I seen u lost naked in Star Wars ke .. ran Road to which planet ?🤣

JediMaster1
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—-


Posted by JediMaster1 > 11 minutes ago | Report Abuse

what i seen Jak is just one of the trash stock in our market !!!

Oh just saw ..Jaks Vietnam Power Plant oredi COD on January 2021 !

—-

So Mike-tikus is jaks 25 years JHDP power plant more risk and uncertainty compare with Yinson?

Posted by Johnchew5 > Oct 24, 2024 5:54 PM | Report Abuse
Hoho order book value until 2048 …too much variance n uncertainty, focus back to my earlier posted queries…

Ok stop here ..

Post removed.Why?

Haha someone brief me on Jaks CEO background during posting in Bahvest.

Hoho referred to Financial Reports:


Posted by Sslee > 13 seconds ago | Report Abuse

By the way Yinson green energy (solar plant) should start contribute to Yinson top and bottom line.

During Mr. K2Y intention to Take Over Jaks with 150 million shares ( 30 % ) on end 2017 … but is Failed by Jaks CEO ( 9.9 % ) .. RI in Warrant B is issued on 2018 with maturity on end 2023 ..

As understood Mr K2Y invested ard RM 165 million, during the Price is keep pressing down , he lost his investment capital ard 89 % due to Margin call .

As understood PP can be offered to maximum 30 investors!

—-


Posted by Sslee > 3 minutes ago | Report Abuse

Aiyoyo Mike-tikus the answer or question could it be because Jaks issue PP at lower and lower price with discount to market price?

By the way it look like after PP shares listed sharks will push jaks up a bit for PP subscribers to sell their shares.

Have you wonder total 6 PP but yet no one become a substantial shareholder (5% shareholding)?
And each PP ALP will get his LTIP free share grant.

Posted by Johnchew5 > Oct 24, 2024 5:09 PM | Report Abuse
Hoho just see yr post .. Why investors keep interested in Jaks PP … as Hexcap n Binacom no investors interested on both PP !

Yinson :

Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.28 %
Revenue QoQ -3.25 %
Revenue YoY -29.03%
Profit QoQ 0.0 %
Profit YoY -2.4 %

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 Insas such a Cash Rich company also issued 2 times RI ( RPS with free warrant ) , total ard Rm 320 million to pay bridging loans .

Jaks PP n RI

Listing date :

1.) 9/9/2023 : 80,014,700 RM0.18

2.) 29/5/2023 : 129,017,000 RM 0.185

1.) + 2 .) under 1 PP ..


3.) 1/7/2021 : 272,667,000. RM 0.475

4.) 28/5/2019 : 58,465,313. RM 0.70

5.) 30/3/2018 : 49,631,200. RM 1.38

6.) 24/3/2017 : 43,836,100. RM 1.36

Update > 7.) 24/6/2004 : 56,285,000 RM 0.145

8.) 15/5/2024 : 180,700,000 RM 0.12


7.) +8.) under 1 PP

Total : 6 PP


> Jaks RI

1.) 27/10/2020 : 1,292,073,304 RM 0.22 (Warrant C : EX price RM 0.49 , maturity on 18/11/2025 ) .


2.) 21/11/2018 : RI in Warrant
278,164,186. RM 0.25



Haha no wander Mr . Ky2. want to take over during 2017/2018 case of holding 150 million shares …

CHOIVO capital posted is 30 %…

As during 2017 / 2018 , the shares base ( Nosh ) is relatively small , ard 483 million share .

Hoho > QR ended July 2024 : SBB is more than 5 % …

Illustration by direct ratio on RM : 6.29 %

Hoho , let’s see :

1.) Loans n Borrowings is reduced by end 2025 ?

2.) FPSO Atlanta 1st oil will be delayed until when ??

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 .

3.) 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 order book value until 2048 …too much variance n uncertainty, focus back to my earlier posted queries…


—-


Posted by Philip ( buy what you understand) > 3 hours ago | Report Abuse

unlike jaks here you are posted purely different story. The borrowings are to move forward the EPCC and FPSO construction which is a loan with 18.5 years debt period which provides cashflow ease to yinson. The "window" dressing you should be putting is this.

Yinson orderbook 22b usd. Debt to complete , per FPSO is around 650-800M (since yinson build theirs in China and Singapore), their total debt load is about 5B+ USD.

Hoho just see yr post .. Why investors keep interested in Jaks PP … as Hexcap n Binacom no investors interested on both PP !


—-

Posted by Philip ( buy what you understand) > 3 hours ago | Report Abuse

the magic question to ask is, why are people keep borrowing money to them if they cannot show they can generate the cash flow to pay back debt.

Hoho KonLee u forgot yr konpetHuang ke … oredi SotSotDe le since see the value RM 2.00 of PMCorp since 2013 … now is worst le …sold Asset bought A&W from 49 % to 100 % .. then the latest QR is incurred Huge Loss … no wander yr konpetHuang became SotSotDe … 🤣🤣🤣

Haha …GETS tariff (Green Electricity Tariff) sold by Tenaga was recently raised to 21.8sen/kwh effective August 2023, (3) System Marginal Price under the NEDA wholesale market is averaging at ~22.7sen/kwh (as at September 2023), a decently large premium to the previous LSS4 winning bids of 18-20sen/kwh (for 30-50MW packages). On initial ballpark estimates, we reckon it is possible for project IRRs to hit high-single digit or low-teen levels.

Hoho KonLee why ah u dumb dumb hold Xingquin even knew is Account Fraud until delisted on September 2019 !👍🤣🤔

Hoho have u read the full context???still with Tikuss eyees ke … if the bid Tariff is higher >>> 10-29.9 MW Tariff is higher than 30-50MW …. All winners Shl with Great Smile ! 😃


—-


Posted by Huangbk72 > 11 hours ago | Report Abuse

Aiyoyo.. Miketikus steps into landmine again today.. Post wrong facts. Why always need to fact check your post? Gibberish always

10-29.9 MW Tariff is higher than 30-50MW

Hoho as said USD to RM :

USD to MYR Chart
-8.81%
(1Y)
US Dollar to Malaysian Ringgit
1 USD = 4.34823 MYR

Oct 24, 2024 at 01:05 UTC

This article first appeared in The Edge Malaysia Weekly on June 24, 2024 - June 30, 2024

It is always a concern when a company’s financial accounts are unclear, causing those perusing the document — which would include bankers, creditors, shareholders and investors — to question the numbers. The primary objective of a company’s financial statements is to present a true and fair view of its performance and position.

The statements should minimise ambiguity and be easily digested by users who presumably have a basic understanding of accounting and finance.


It was only earlier this month that oil and gas player Serba Dinamik Holdings Bhd was delisted from Bursa Malaysia, after grappling with accounting issues since May 2021. It had an impressive earnings track record until reporting irregularities eventually surfaced.

As a result of this and other misadventures by a few oil and gas companies, banks are shying away from funding the sector.
However, it came as a surprise that Yinson Holdings Bhd’s (KL:YINSON) latest financial results had caused anxiety and uncertainty among the analysts who cover the company’s stock. After all, with a market capitalisation of close to RM7.5 billion, Yinson is one of the more respected players and among the success stories in the local oil and gas sector.

One research house’s report on Yinson’s financials mentions “Using financial tools to boost equity returns” while a bank-backed research outfit says, “We have stripped off RM151 million EPCIC (engineering, procurement, construction, installation and commissioning) earnings in arriving at our core profit. We believe Street estimates may not be a good comparison as other analysts regard Yinson’s EPCIC earnings as core profit.”

Another research house notes that Yinson’s “IFRS accounting distortion is growing alongside its leverage”, which could lead to confusion among investors.

Although analysts who cover the company’s stock mostly have a positive view of Yinson, the group’s accounting policy or treatment for certain aspects of its operations can be disquieting.

Surely, Yinson can do better with its financial reporting.

QR July 2024 :

Total equity = RM 8,569

Assets :

Non current contract asset : RM 11,389 m

Current contract asset : RM 544 m

Total Contract asset = RM 11,933 m


Total Loans n Borrowings = RM 19,580 m

USD Loans n Borrowings interest is 12 % n 13.88 % ( AR FY24 )

Hoho since buy what you not understand story teller no facts n figures on Yinson … n konlee always touch on Jaks !

Hoho oh on my earlier posts on Phillip Serba subsidiaries screenshot with variations of his thread content… he did not reply but someone replied for him … the someone is KonLee .🤣🤣🤣🤔