*We expect record high earnings in FY25-26E for Yinson*!

We expect Yinson’s upcoming 1QFY25 to be flattish QoQ as EPCIC contribution from FPSO MQ and FPSO Atlanta could be somewhat weak as their construction progress reaches their tail-end, but offset by:
i) ramping up of construction profits from FPSO Agogo; and
ii) ii) continued contribution from its Nokh project. However, we believe that earnings will reach new heights as both FPSO MQ and FPSO Atlanta achieve first-oil and Yinson starts recognising bare boat charter (BBC) in FY25-26E. We note that FPSO MQ and Atlanta are on track for delivery in 2024.
iii) The FPSO market is buoyant with an estimated 60 FPSO awards over the next 5 years (2024-2028) with a total addressable market value of USD96b, of which USD13b would be mid-sized (50-200k boepd). Yinson has guided that it would be looking for new jobs in the mid-sized segment (projects that are bankable with high upfront payment from end-client) and we highlight that the group is a preferred builder due to its strong track record and has proven its ability to deliver and to raise financing

https://www.thestar.com.my/business/business-news/2024/03/25/sapura-energy-narrows-net-loss-to-rm50866mil-in-fy24

Noted SinGor

#MrFox 3,88👍
25/03/2024 11:35 AM

Please cum down...

Right now Mabel is waiting for the right signal to re-enter YTL Power after locking good profit last week to acquire more Maybank Shares...

To Our Success !

Meow Meow Meow

Looking ahead, group CEO Datuk Mohd Anuar Taib said the group remains cautiously optimistic about its business prospects in FY25.

"The group is committed to its operational turnaround by focusing on efficiency improvements, enhancing client relationships, and fostering greater collaboration with clients, partners and vendors.

“Despite the challenges posed by the ongoing restructuring process, we are determined to progress our Reset milestones and further solidify Sapura Energy’s market position," he said.

He added that the group's order book stands at RM5bil while the order book held by the group's joint venture and associate entities stands at RM3bil.

Latest Quarterly Report (Q3 FY2024):

Revenue: RM1.14 billion

EBITDA: RM209 million

Profit After Tax and Minority Interests (PATAMI): RM43 million

The company has shown resilience with positive results in Q2 and continued into Q3 of FY2024.

As Forecast by Sifu OTB..

Yinson Holdings (YINSON) FY2024 net profit surged by 63% to MYR964 million, with revenue jumping to MYR11.65 billion.

In 4Q24, net profit rose by 62.5% to MYR278 million, driven by charter day rate escalation, despite lower EPCIC contributions and higher finance costs.

Quarterly revenue increased to MYR2.70 billion. Earnings per share grew to 8.40 sen from 4.70 sen, with a declared dividend of one sen for the quarter and two sen for the full year.

YINSON cited growing global demand for clean energy, especially in the FPSO market. Despite market uncertainties, it remains committed to sustainability and expects satisfactory results for FY2025.

Well done Yinson got Dividend some more..

Meow Meow Meow

#CaoCao Mabel got profit just lock it, don't be greedy. Protect your profit is most important.
24/03/2024 10:45 PM

#CaoCao Lock profit most important. Don't repeat mistake in HY, Supermax, VS, Dayang, Hiapteck, any many more. Gamble until don't want to leave the gaming table, this is gambler behavior.
24/03/2024 10:57 PM

#UlarSawa Sister Mabel buy low sell high sure know when to run road lah. Ingat she so innocent meh. She cakap b4 at here b4 lah. Latest batch she dapat 3.60 also leh. Haiyoh. Correct?

Posted by CaoCao > 2 minutes ago | Report Abuse

Lock profit most important. Don't repeat mistake in HY, Supermax, VS, Dayang, Hiapteck, any many more. Gamble until don't want to leave the gaming table, this is gambler behavior.
24/03/2024 11:02 PM

Haha both of you are correct CaoCao and UlarSawa...

Mabel has already lock profits at YTL power as last week was a good week. Malaysia stock market has been flat over the past 7 days with the Banks industry down 0.6% which is an excellent opportunity for Mabel to use the Profit from YTL Power to continue accumulating Maybank, Malaysia's Top Humanised Financial Services.

To Our Success !

Meow

SinGor so regardless what Qr results appear next week, it has little impact on Price. A steep Hair-Cut from Bankers
will jump-start a 50% upswing in price like AAX
22/03/2024 9:51 PM

Heard QR will be out on the 25th March...

Let's hope for the Best!

Meow

Haha Auntie Huang you AGM minutes coming from the Grave ke?

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The valuation of banks is a complex matter that depends on various financial metrics and market conditions. When comparing Singapore’s top three banks—DBS, OCBC, and UOB—to Maybank, one would typically look at indicators such as price-to-book (P/B) ratio, return on equity, and net interest margins, among others.

As of the latest reports, DBS has been noted as the most expensive among the three Singapore banks in terms of P/B ratio, followed by UOB, with OCBC being the cheapest. However, this does not necessarily mean they are overvalued compared to Maybank, as the valuation also depends on the banks’ growth prospects, earnings stability, and market sentiment.

Meow

Zhuge_Liang When the partnership between Nvidia and YTLpower in data storage center kicks off, many clients will choose YTLpower data storage center because of Nvidia participation.

Nvidia is the world no 1 supercomputer and AI cloud will carry a lot of weight here, it is Nvidia's brand that help YTLpower to be the preferred choice as the data storage center.

The share price of YTLpower will move up to 6.00 to 9.00 in 2024/5.
24/03/2024 10:22 PM

Indeed Zhuge_Liang. The Slow and Steady usually wins the race...

Benchmarking:

On Tuesday, SingTel announced the launch of GPU-as-a-Service (GPUaaS) with Nvidia AI chips in ASEAN in 3Q2024. It will be among the world’s first to deploy Nvidia’s GB200 Grace Blackwell Superchips upon receiving them in early 2025. Share price had continued to trend upwards this week, albeit at a slower pace, opening at $2.48 to close the week at $2.53, registering a 2% weekly gain. Often touted as a pretty steady stocks, it seems the phrase “slow and steady win the race” applies to Singtel, at least for now.

Meow

During the previous AGM they mentioned they will announce about the White Knight about this time..

Looking forward to Hari Raya Angpow

Meow

MrFox Mabel@@
Ada beli krypto $$$?
21/03/2024 10:13 AM

Haha Not Krypto...

Uncle Phillip always said BUY what you understand....hihihi

Cheers Mr Fox!

Same here Mabel usually prefer Mother shares. Sometime Mabel also buy the Company Warrants i.e the WA Warrants..

Structured Warrants are double edge swords. During Covid time, initially the Structured Warrants was good, many make money...then they introduce PUT Warrant..after that many Gloves Hunter got burn..

Yes stay out from Structured Warrants..

Meow

...haha nice ...would be lovely to take a trip to Wall Street...

See today continue GREEN...

Meow Meow Meow

Good to know as these IB could be another stumbling block to reach Nirwana...

Meow

MrFox Call Warrants
YTLP-C25 Maturity Date : 23/03/2024
YTLP-C37 Maturity Date : 18/04/2024
YTLP-C35 Maturity Date : 30/04/2024
YTLP-C32 Maturity Date : 30/04/2024
YTLP-C29 Maturity Date : 31/05/2024
YTLP-C30 Maturity Date : 10/06/2024
YTLP-C36 Maturity Date : 12/08/2024
YTLP-C34 Maturity Date : 30/08/2024
21/03/2024 8:30 AM

Mr Fox,

What is the average exercise price for all these Call Warrants?

Many Burn out in Gloves Fantastic Four especially in TG and SuperMax at the height of Covid..

Meow

Yes lah..

Our Capital A so steady...

Every day cum it climbs just like AirBuss

Captain A, the Magician Airlines

Boeing CEO: We are losing billions and may have to shut down the company. We have to restructure and layoff employees in order to survive. Has this to do with Capital A not ordering a single plane from Boeing since...?

Meow Meow Meow

When it matters, Tony will cum with his magic..

MEOW

This counter no need to monitor so much..

trading P&L has been so steady..

The operator here very good...

Meow

ksongking @Mabel Wrongly tagged to Sime Property
18/03/2024 1:49 PM

Thank you Ksongking for your clarification.

Meow

Haha today YTLPOWER becums Hulk.. Hihihi..

So Green...

beinvested IF tomorrow can reach RM3.96 then the 10% profit can be achieved within numerous days.

RM3.60 + 36 sen
18/03/2024 11:44 PM

Lovely...

Indeed..thank you stkaoy for sharing Maybank Foreign Shareholdings..

It's looking good SinGor...

Thanks for the updates...

#paktua73 paktua suka china..
dah berkurun-kurun lama..
china jarang buli negaara lain..
yg buli lazimnya barat nation..
tapi china yag dipersalahkan..

africa kini berkasa berdiri sendri support by china..
Afghanistan also dah mampu generated own income also help mostly by china..

why yer ramai negara fear dengan china?
tapi tak serik kena hisap darah oleh barat nation?
sapa pernah ke china pasti tahu hiw advance mereka

bukan taksub china tapi china now bukan china communis dulu..

tut tut
sorry out of topics
hehe
18/03/2024 12:31 PM

Haha nice to see you here too paktua73...

Mabel pun suka China compare to Uncle Sam...hihihi..

Hang Li Meow

MrFox ATTENTION ATTENTION

Show: The Wild West Show of YTL and YTLP
Venue: Bursa Malaysia
Day: 18 March 2024
Time: 9.00 am
Booking: First come First Serve!!! Don’t be late!!!!

ATTENDANCE: FULL HOUSE

Comments After the Show:
1. The Show is Par Excellence
2. There will be no other rival shows
3. YTL and YTLP are REAL
4. Positive energy surrounding you when you believe YTL and YTLP are REAL
5. Makes you wwss
6. Makes you richer and happier in life
18/03/2024 11:54 AM

Haha thank you so much Mr Fox. Mabel so apy today...

To Our Success!

Meow Meow Meow


Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD

Mar 14, 2024 6:12 PM | Report Abuse

gladiator 3.60 support almost broken...something not right!! Runnnnn......
14/03/2024 4:52 PM

Thankyou for selling..So Yummy...

Meow

https://oilprice.com/Energy/Energy-General/Bullish-Sentiment-Finally-Breaks-Out-in-Oil-Markets.html

Thank you so much OTB Dear!

Always love reading your sharing..

To Our Success!

Meow

• Foreign Exchange Losses: PetChem experienced higher foreign exchange losses on the revaluation of loans to a joint operation company and of a subsidiary. Currency fluctuations can have a significant impact on the profits of companies that operate internationally.

• Acquisition Costs: The acquisition of leading Swedish Chemical Group Perstorp and the associated costs also contributed to the decrease in profits. Acquisitions can lead to short-term financial strain due to the initial costs involved.
• https://theedgemalaysia.com/article/petronas-chemicals-subsidiary-buys-swedish-firm-rm7b

• Global Economic Conditions: The global economic recovery has been sluggish, which affects demand and prices for chemical products.

• Dividends: The decrease in dividends is likely a result of the lower profits. Companies often adjust their dividend payouts based on their profitability to maintain financial stability.

Hence to answer his question, while higher revenues indicate that PetChem was able to generate more sales, various factors like compressed margins, increased operating expenses, lower plant utilization, foreign exchange losses, and acquisition costs have negatively impacted their profit margins and dividends. It’s a complex interplay of operational performance and market conditions that affect the financial health of a healthy company like PetChem

Leesa688 Dont understand how PetChem works. Revenue increases but profit margin plunges! I can understand it if revenue plunges and this is from the stable of Petronas well run companies! Now even their dividend plunges!
Petronas Gas and Petronas Dagangan have always done well!
15/03/2024 7:43 PM

In the case of Petronas Chemicals Group (PetChem), several reasons have been identified for this financial outcome:

• Compressed Margins: Despite higher revenues, PetChem’s earnings before interest, taxes, depreciation, and amortization (EBITDA) were lower mainly due to compressed margins. This could be due to increased competition, higher production costs, or lower selling prices for their products.

• Higher Operating Expenses: An increase in operating expenses, such as maintenance and energy & utilities costs, can reduce profit margins even if revenues are up.

• Plant Utilization Rate: PetChem reported a lower plant utilization rate due to higher plant statutory turnaround and maintenance activities, which resulted in lower production and sales volumes. This means that even though they may have sold their products at higher prices, they sold less overall, impacting profits.

PetChem declared a dividend of five sen per share amounting to RM400 million payable on March 26.

Total dividends for FY2023 came in at 41 sen per share, totalling RM1 billion.

Thank you PCHEM

#Mohd ImranRafifi Nice catch, Mabel. You have made 3% paper gain now 🤑
15/03/2024 4:30 PM

Yes Sir!

To Our Success!

Captain Mabel Meow

Friday, March 15th 2024

Brent futures have broken through the $85 per barrel for the first time since November, indicating that the gradually improving sentiment, further buoyed by Ukrainian drone strikes on Russian refineries this week and declining US inventories, is here to stay.

Yes bullrun168!

Friday, March 15th 2024

Brent futures have broken through the $85 per barrel for the first time since November, indicating that the gradually improving sentiment, further buoyed by Ukrainian drone strikes on Russian refineries this week and declining US inventories, is here to stay.

Friday, March 15th 2024

Brent futures have broken through the $85 per barrel for the first time since November, indicating that the gradually improving sentiment, further buoyed by Ukrainian drone strikes on Russian refineries this week and declining US inventories, is here to stay.

To Our Success!

Meow

As mentioned by OTB, Mabel thinks it's going to be a good quarter...

Looking forward for PAT > 1 billion in FY 2024...

Price will go up naturally hitting all these IB TP with good result...

Target prices set by IB for Yinson are as follows :-
1. Maybank - 5.05.
2. AMI - 4.00.
3. UOB - 3.75.
4. Kenanga - 3.39.
5. CIMB - 3.18.
6. RHB - 3.06.

To Our Success !

Meow Meow Meow

..Let see how the TA goes..

Don't know about you guys, at the current run rate Mabel is so happy with this week and last week collection on Mother and WA.

Both are looking so nice and lovely on the P&L...

To Our Success!

Meow

https://www.theedgemarkets.com/node/704337

Now Miti has spoken....

KUALA LUMPUR (March 12): The Ministry of Investment, Trade and Industry (MITI) is aiming for Malaysia to have 100 local technology companies with annual revenue of RM1 billion by 2030, according to Deputy Minister Liew Chin Tong...

EngineeringProfit And put all in one basket? And all in at one go- not in batches?

But no worries, klse is heading 1660 by end of the year. Unless something bad like red QR etc etc, you wouldn't have to lose your $ in a money making company that pays dividend
15/03/2024 6:47 AM

Do you know that the earnings per share (EPS) of FBM KLCI component stocks on an aggregate basis were largely unchanged from where they were a decade ago?.

EPS points to how much money a company makes for each share of its stock. A higher EPS indicates greater value because investors will pay more for a company’s shares if they think the company has higher profits relative to its share price.

This, perhaps, explains FBM KLCI’s sluggish performance and its struggle to convincingly cross the psychological level of 1,600 points, which is well-below the record-high of 1,895.18 points seen in April 2018.

Bloomberg data for 10 benchmark indices found that most indices have shown an increase in forward EPS between March 2014 to March 2024, although this was not the case for the FBM KLCI. The Dow Jones Industrial Average’s forward EPS increased by 88.4% and India’s Sensex Index is up 163.5% in the 10-year period.

Meanwhile, the forward EPS of Singapore’s Straits Times Index and Indonesia Stock Exchange Index were up by 35.6% and 48% respectively, in the same period. In contrast, the FBM KLCI’s forward EPS slipped by 0.3%.

Experts say that the Malaysian stock universe’s more moderate earnings prospects are the result of the “Old Economy” syndrome. In simpler terms, this means the biggest players in the market are primarily involved in traditional businesses and their operations have largely matured in terms of growth and market penetration.

Take the FBM KLCI for an example, about two-thirds of its total market capitalisation is controlled by mega-caps from just three sectors, namely, banking (42.12%), utilities (14.75%) and telecommunications (10.8%).

It is worth noting that the technology sector, often referred to as a high-growth sector, has zero representation in the FBM KLCI as no company has met the minimum market capitalisation criteria. The only technology company on the index, Inari Amertron Bhd, which is involved in chip assembly and testing, was booted out of the FBM KLCI last June.

It is rather unfortunate that after decades of developing the national semiconductor scene, which has become the world’s sixth largest semiconductor exporter, Malaysia has no technology representative on the list of top 30 listed companies by market value. Most semiconductor companies on Bursa Malaysia are valued at RM1bil or below...

Thanks God that YTLPower is one of the 3 Main Sectors. Looing forward that it will hit back to 1800 one day..

Meow

Thanks for sharing Calvin

Meow

Very Good Closing for both Mother and WA..

Well Done Yinson!

Cheers PureBULL...

Always love reading your post...

To Our Success !

Meow

gladiator 3.60 support almost broken...something not right!! Runnnnn......
14/03/2024 4:52 PM

Thankyou for selling..So Yummy...

Meow

PureBULL ... sis mabel must tell v more abt serbad 1st.,.

when sis mabel is in ytlpowr = the indicator all must fear of.
i hope NOT.,.
14/03/2024 6:02 PM

Haha PureBull, mummy always said, never listen to stranger...

Mabel is just an innocent, beautiful gal next door...hihihi..

To Our Success!

Meow

Yes indeed. Looking forward to see a replacement for DK..

Serba need an honest CEO...

That's the only way Serba can be revived..

PureBULL ... sis mabel must tell v more abt serbad 1st.,.
14/03/2024 6:00 PM

Haha there re currently 3 types of Investors in Serba:

1. Bonus Issues Investors
2. Pre July21 Suspension Investors
3. Post July21 Suspension Investors

The one that benefits the most is Category 1 who was awarded Bonus Issues, Dividends and took price action during Dec 2020 rally. 2nd is Category 3 who took massive price action during July 2021 rally, Nov and Dec 2022 Pull Back. The Biggest loser are in Category 2 who freeze like Old Monks when they are supposed to take massive Price Action when it matters...

Meow

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD

Dec 29, 2022 10:51 AM | Report Abuse

whizzkid
Mabel is the best! I knew it..
15/07/2022 12:40 PM

Haha of course Mabel is the best..

Now you know why Blondi and Huang always loves to follow Mabel across i3 and walk 3 steps behind Mabel..

Keep pumping..

Meow Meow Meow

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Feb 22, 2024 10:31 AM | Report Abuse

#TalkNumberOne Mabel why siao lang sniffing you from behind all the time? Hahaha😂😂😂😂😂
22/02/2024 8:51 AM

Hahaha...what do you expect from an Auntie who has been hibernating for 7 years?

Sure finish one after wake up...hihihi...

#UlarSawa WoW. Sister Mabel pun mari sini judi poh nasib buy low sell high. Haiyoh. Correct?

13/03/2024 1:35 PM

Correct Ular Brother Dear..

Haha Nice to see you here too..let's do another repeat like Top Gloves..hihihi

Pull back is what Mabel has been waiting for. Today Mabel Re-enter YTLPower at RM 3.60. Some Nice Uncles and Auntie so nice to sell their YTLPower to Mabel..So apey...

During the pandemic there were the Big Fantastic Four

Here there is only one and the only one...

Even mother company YTL also depends on YTLPOWER..

Just follow the wave and TA, you can't go wrong with this counter Ular. Operator are very nice....BIG, STRONG and FRIENDLY..

Beside, the YEO brothers are highly educated, rich and well connected. Hey, they know all their IPP are black energy on diminishing Market values and they have to innovate to stay in power with Renewal Energy in Solar and Data Centre to store data in duplicate and on multiple locations is a must as big data processing is Big Money. That’s why Mabel’s SingTel is also moving in the same direction.

To Our Success !

Meow

Date Open Price Target Price Upside/Downside Price Call Source News
27/02/2024 2.62 0.93 -1.69 (64.50%) BUY CIMB Price Target News
26/02/2024 2.65 0.91 -1.74 (65.66%) BUY TA Price Target News
26/02/2024 2.65 0.89 -1.76 (66.42%) BUY BIMB Price Target News
26/02/2024 2.65 0.95 -1.70 (64.15%) BUY AmInvest

Can someone explain why the TP is so low?

Let see if they still wang to sell to Mabel at RM 6.75 and RM 6.74...

Thank you so much...

Meow