Following the 50.2% acquisition, Lim through Liannex also extended its offer to acquire the remaining shares it does not own, consisting of a cash offer of 63.5 sen for a 49.8% stake in Icon Offshore and 100% of its warrants or 130.90 million warrants for 0.1 sen.

The 63.5 sen offer price represents a discount of 13% to Icon Offshore’s closing price of 73 sen on Tuesday. Its 0.1 sen offer price for warrants showed a massive discount of over 99% from its warrants' closing price of 17.5 sen on the same day.

The new shareholder intends to maintain Icon Offshore’s listing status.

Yes Sir..

Singaporean trading and logistics firm Liannex Corporation (S) Pte Ltd is the ultimate offeror in the takeover offer. It also serves as a private vehicle for Lim Han Weng and his spouse Bah Kim Lian, who are the parties acting in concert, according to Icon Offshore's exchange filing on Tuesday.

Lim is the group executive chairman at Yinson, a floating production storage and offloading vessel (FPSO) and OSV provider, with a 23% indirect shareholding and a 1.5% direct stake in the company.

He acquired the 50.2% stake in Icon Offshore from Ekuiti Nasional Bhd, the state-owned private equity firm also known as Ekuinas.

This counter very tough to be long term investor aka Value Investor..

Price like Yo Yo everyday...force you to trade to capitalize on the volume and volatility..

Now Mabel Blonde Hair turn White oledi...hihihi

Meanwhile Market does not take it positive about Malaysian government-linked private equity firm Ekuiti Nasional (Ekuinas) news that it sold a 50.2% stake in oil and gas services company Icon Offshore to Liannex Maritime for 172.7 million ringgit ($36.61 million) in cash.

Liannex is owned by Lim Han Weng, chairman and major shareholder of Malaysian energy infrastructure company Yinson Holdings YINSON

Hihihi Target RM 2
Hohoho Achieved 18 sen
Hahaha 7 years hibernation.

Malaysian government-linked private equity firm Ekuiti Nasional (Ekuinas) said Tuesday it has sold a 50.2% stake in oil and gas services company Icon Offshore
to Liannex Maritime for 172.7 million ringgit ($36.61 million) in cash.

The sale reduced Ekuinas' stake in ICON to 5.8%, it said in a statement. It added that it had recorded cumulative gains of over 500 million ringgit over the more than 10 years it has been invested in ICON.

Liannex is owned by Lim Han Weng, chairman and major shareholder of Malaysian energy infrastructure company Yinson Holdings
YINSON, according to the statement.

hihihi...after 7 years hibernating...

PM Corp achieve only 18 sen..hihihi..

Poor Auntie..hahaha

Haha when Auntie Cums, Sap is back to 5 sen ...hihihi

BTW how much is your PmCorpes today?

Haha 18 sen...hihihi

Poor Auntie...no meet TP RM 2..hahaha

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

2 weeks ago | Report Abuse

Poor Auntie Huang ...PM Corpes from TP RM 2 to 19.5 sen hihihi

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Mar 5, 2024 2:34 PM | Report Abuse

#Felix888999 I have proven Huang Bok Kai a shameless kon and a liar.

This Auntie caught cheating again

On 21st Nov 2013 she posted:

"Been accumulating from .27 till .36 till .26 and today .28".

My rough calculation her cost should be around .30.

One month later on 10th Dec 2013 she posted:

"My average entry cost is .245. Cumulated from .19 till .35"

Hahahhahaa this is a shameless liar, her cost just keep changing. Based on her statement in Nov, impossible she get average cost 0.245! Auntie Huang use time machine went back Oct 2013 bought that .19 lot ke?

Shameless kon Women also bullshiting PMCorp TP 2.00 and come with steady dividends. Hahahahhahahaha 🤣😉🤣🤣 laugh live me!!

Asked her show us that TP 2.00 until today still pusing here pusing there!!!


Posted by Huangbk72 > 2013-11-21 11:51 | Report Abuse
To mikekong55 

I have been a follower of your stock recommendations. 

You have been fairly accurate in your assessment of PMCorp movement. I am also in PMCorp as I believe in buying and holding long term. Been accumulating from .27 till .36 till .26 and today .28. Being involved in FMCG business, I understand and see the value in PMCORP.

Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD

2013-12-10 19:53 | Report Abuse

Hi Chrollo

Welcome to this thread.

This counter is for long term investors. My timeline is 5 years and I expect rm2.0 by then with a steady dividend payout. Others may have other TP.

Your entry price now is lower than most of us here. My average entry cost is .245. Cumulated from .19 till .35

Cheers .
04/03/2024 9:19 PM

Haha Thanks for sharing this information Felix888999..

Mabel just check on Pm Corpes latest price...19.5 sen!!!

From TP RM 2 to 19.5 sen...

Now Mabel understand why Auntie Huang Hibernated for 7 years....hihihi

Meow

Now Mabel rolling all over the floor...

This Auntie so funny..hihihi

hihihi

Haha..what's the use when you cannot trade..

Will cum back if they replace that Con artist..

Why are you still hibernating there? 7 Years in Pm Corpse not enough ke?

Hahaha

7 + 2 years...

Unbelievable..

Only Auntie Huang..hihihi

#Huangbk72 And ConMabel still not posting in Serba

U top reverse promoter in Serba.. Why not post there anymore?

U wasted 24/7/2 years? 😂😂😂
27/03/2024 10:35 AM

...and becum a dead corpse like Auntie?

Hahaha

Haha Auntie Huang just wake up ke?

7 Years hibernating in Pmcorpes and 2 years in Serba..hihihi

Wow...

Yesterday on the 26 March, YTL Power was shorted over 20 million shares while Yinson over 13 million shares was shorted by the Sharks and Syndicates.

No body touches Lady Sapura yesterday. That’s why our Lady can climb 25% yesterday despite poor performances...

Captain Mabel Meow

#5354_ Yinson major shareholder buy Icon nobody here aware incl Mabel? Mabel previously I saw you commented in Icon but not lately because already sold?
27/03/2024 9:21 AM

Yes Bro, already sold Icon. It was so Yummy..

Yesterday on the 26 March, YTL Power was shorted over 20 million shares while Yinson over 13 million shares was shorted by the Sharks and Syndicates.

No body touches Lady Sapura yesterday. That’s why our Lady can climb 25% yesterday despite poor performances...

Captain Mabel Meow

Wow...

Yesterday on the 26 March, YTL Power was shorted over 20 million shares while Yinson over 13 million shares was shorted by the Sharks and Syndicates.

No body touches Lady Sapura yesterday. That’s why our Lady can climb 25% yesterday despite poor performances...

Captain Mabel Meow

https://theedgemalaysia.com/node/704933

It seems there are 4 handsome Suitors nak masuk meminang Lady Sapura..

Other than Handsome Arabian Prince Mubadala and French TotalEnergies, some of the other companies that are understood to have expressed interest in Sapura Energy’s 50% stake in SapuraOMV are Japanese oil and gas explorer Samurai Inpex Corp and Indonesia’s Majapahit Prince PT Medco Energi Internasional Tbk.

For Sapura Energy, the sale of the 50% stake in SapuraOMV could be a game changer. At current exchange rates, the US$1.2 billion price tag works out to RM5.65 billion and could go a long way in assisting Sapura Energy with its enormous debt woes.

To put things in perspective, Sapura Energy has been a Practice Note 17 (PN17) categorised company — a classification for cash-strapped companies — since end-May 2022. In mid-December last year, Sapura Energy obtained an approval-in-principle from its financiers, enabling it to proceed with its regularisation plan and to exit PN17.

The sale of its 50% stake in SapuraOMV is key to the restructuring.

Sapura Energy, which is 40%-controlled by state-controlled unit trust fund Permodalan Nasional Bhd, has been grappling with high debts, but this could be the proverbial light at the end of the tunnel...

Since Mabel's cost is much much lower than PNB, Mabel decide to continue holding this National Treasure. She ain't heavy to hold...She's my sister.. Beside with more than 5 Billion Order Booked on the table, this revenue can go back to PNB and the Shareholders like Mabel...

To Our Success

Captain Mabel Meow

Cheers SinGor!

In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher...

Brent is now USD 86.85

Haha Sapnrg so steady...

dragon328 Mr. OTB, I am not sure when I mentioned an EBITDA margin of 50% for AI data centre, it was not in my last article on YTL Power, it could be weeks ago in this forum when there was not much info available.

Now we have more info - NVidia's AI data centre business had an EBITDA margin of 75% in 2023, and CIMB analyst assumed an EBITDA margin of 65% for YTLP's upcoming AI data centre. I now think that an EBITDA margin of 70% is possible.

On another note, in your calculation of potential net profit from AI data centre, we need to deduct depreciation charge and also interest expenses from EBITDA before we can arrive at pretax profit.

How much depreciation charge will depend on the accounting policy on the appropriate depreciation period to be used on tech assets like Nvidia GPU, physical data centre infrastructure and solar power panels etc. That's the reason why I am not able to do a meaningful estimate of the potential profit contribution from AI data centre without the knowledge of the accounting policy as well as the funding mix / interest rates.
26/03/2024 12:46 PM

Wah 50% EBITDA Margin assumptions oledi good enough for Mabel..now we have 75% EBITDA margin ...

So happy with Mabel's collection today..

Hope some nice Aunties and Uncles can sell more to Mabel at RM 3.80...

Meow Meow Meow

Haha so nice...

Target Secured. Thank you Uncles and Aunties..

Today, Mabel collected back YTLPower at RM 3.81 after selling at good profit last week. Now waiting to collect more at RM 3.80..

Last week, was a smart decision for Mabel to continue accumulating Maybank capitalizing on Bursa weakness. While some Investors decided to migrate across the causeway to secure position in Singapore/South East Asia Top 3 Biggest Bank, Mabel keeps adding Maybank. Now Tiger has rebound and Roaring across the Malayan Jungle…

Looking forward for another rebound from this Power House, YTL Power..

To Our Success !

Meow Meow Meow

Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD

17 hours ago | Report Abuse

#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

Perstorp complements PETRONAS Chemicals Group Berhad (PCG)'s future direction and business in several key ways:

Strategic Diversification: The acquisition of Perstorp is a strategic move for PCG to diversify into the specialty chemicals industry, which aligns with its vision of becoming a preferred chemical company providing innovative customer solutions.

Revenue Growth: Perstorp is expected to contribute significantly to PCG’s revenue, with an immediate increase of about 28% based on 2021 results. This supports PCG’s medium-term goal of generating 30% of its revenue from non-traditional businesses by 2030.

Sustainability and Innovation: Perstorp’s focus on sustainable solutions, particularly its Project Air which aims to produce sustainable methanol, strengthens PCG’s decarbonization efforts and commitment to sustainability.

To Our Success!

Meow

#Mohd ImranRafifi Perstop? Is that the company provides waste handling solution?
22/03/2024 10:59 AM

No. Perstorp is leading Swedish Chemical Group and a global leader in the specialty chemicals market, known for its innovative approach and sustainable solutions. The company focuses on using small molecular building blocks to create products that enhance everyday life in terms of safety, convenience, and environmental sustainability. Perstorp’s product range serves a variety of industries, including animal nutrition, advanced materials, resins, coatings, and synthetic lubricants.

Recently, Perstorp was acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysia’s leading integrated chemicals provider. This acquisition is part of PCG’s strategy to expand its presence in the specialty chemicals industry and to grow Perstorp’s value, focusing on sustainability and innovation. The acquisition aims to strengthen Perstorp’s position in the Asia Pacific markets and leverage PCG’s industrial know-how and customer base.

Perstorp is also committed to driving sustainable transformation within the chemical industry. One of their key initiatives is Project Air, which aims to reduce carbon emissions through the production of sustainable methanol. The project has been recognized by the European Union Innovation Fund as one of the large-scale green tech projects to be granted significant funding.

To Our Success!

Meow

https://mkefactsettd.maybank-ke.com/PDFS/372312.pdf

Source: Mabel Tiger Bank

Private placement exercise

On 20 March 2024, Yinson announced a primary private placement exercise, which entails the issuance of 120m new shares, representing approximately 4.1% of its total outstanding shares. The total gross proceeds of MYR283.2m are intended to be utilised

It is proposed that up to RM281.4 million of the proceeds of the Private Placement will be used to fund Project Matarani. On 30 January 2024, Yinson has completed the acquisition of GR Cortarrama, which owns the 97 MWp Matarani Solar Project in Peru (“Project Matarani”) from Grenergy Renewables, an international independent power producer, developer, and engineering, procurement, and construction (“EPC”) company from Latin America for USD25m.

Project Matarani is located in the Mollendo desert in the Arequipa region and most of the project’s energy has been contracted through a power purchase agreement (“PPA”) with a bankable off-taker for the next 15 years. Once in operation, Project Matarani will inject about 260 GWh of renewable energy into the Peruvian grid annually.

Project Matarani is currently under construction and is expected to enter commercial operation by the end of 2024 with the percentage completion to-date of approximately 50%. The total project cost for Project Matarani (including the Acquisition) is approximately USD98m of which approximately 50% (USD49m) has been spent. The remaining 50% of the project cost is expected to be funded from the proceeds of the Private Placement. The remaining MYR49.2m of the proceeds could be utilised for any other unforeseen costs.

*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?

Not Found
The requested URL was not found on this server.

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...