Hahaha, if true, hong Kong fund indeed may emerge as myeg substantial shareholder later as through myeg, Hong Kong fund can capitalise on myeg huge 250m zetrix ownership value :D)

Take note, up till today, not a single research had ever highlight what is True value for myeg 250m ownership in zetrix coin value.......

The upcoming myeg profit is dependent on how many zetrix coin and at how much zetrix pricr myeg monetize from its exiting ownership.

It is not too late to highlight now again

Zetrix is not old news, it is 1 million coin at USD 5 on Oct 2023 vs. Latest 142 million coin at USD 18.5 on April 2024. Zetrix is ongoing happening each day at least before all initial 1 billion coin completed issurnance or maximum 2.1 billion issuance later. Therefore, each day, zetrix market capital is fluctuating and affecting myeg profit earning from its ownership 250m coin allocation and degree of myeg staggering monetization on zetrix stake at what price and at what unit zetrix coin each day.

MYEG last Q result only manage to record 1 million zetrix coin from IEO at USD 5, therefore,upcoming Q result will be interesting to see how many myeg monetize zetrix coin and at how much market price which impact greatly on myeg profit. These impact is long long lasting as myeg own 250m zetrix coin in total and also get reward additional zetrix coin through validator nodes

Take note, myeg will not sell all it's 250m coin allocations to reap one off profit even after 3.5 year vesting period. Myeg likely will retain significant stake in zetrix ownership. These is because aside selling outright it's stake, myeg do rewarded on daily basis as validator nodes for zetrix maintenance and network activity.

Zetrix coin price will be influenced by maiden upcoming cross border trade to begin next month in conjunction to China - Malaysia anniversary celebrations. Zetrix coin real world functionality is greatly enhance if more and more countries adpot zetrix blockchain platform for cross border trading activities

However, if PBA do aggressively pipe replacement, higher cost will incur to offset partly upcoming windfall profit.

Aside myeg as founder and developer get allocation 250m coin entitlement, on daily basis, myeg also get reward zetrix coin from daily validator nodes maintenance and reward zetrix coin base on network activities across zetrix blockchain platform such as upcoming cross border trading activities etc

However, not all 250m if sell at USD 18.5 translate into net profit. Myeg do incur cost to develop zetrix blockchain infrastructure

Yes, based on zetrix white paper, myeg allocation is 250m coin with 3.5 year vesting period.

According to feedback, the water charges of many families have increased as much as 100% and some even claim to be more than 150 %

Based on last Q result, PBA water revenue is RM 94.8m, therefore, estimate PBA future water revenue will surge at least 1 fold higher and most of revenue hike translate direct to bottomline after deduct tax

Under the new rates, the first 20 cubic meters is at 62 sen (up 182 per cent from 22 sen), from 20 cubic metres to 35 cubic metres the rate is at RM1.17 (up 154 per cent from 46 sen) and for the third band of more than 35 cubic metres, the rate is RM2.07 (up 204 per cent from 68 sen).

Penang water bill show PBA will reap minimum additional RM 10 hike for those minimum water usage and much more higher for those use more water.

Penang consumer’s water bill, which he said used to be RM7.70 at every bill cycle has now gone up to RM17.36 under the new rates with the same water usage

For a household that used to pay around RM47 every bi-monthly, the bill went up to RM126 under the new rates for around the same water usage

Based on myeg last Q result, myeg have initial record RM300m worth of zetrix coin (under digital assets)

Based on zetrix ownership structure

10% zetrix coin is available for public to purchase
25% zetrix is allocate to myeg
20% zetrix is allocate to zetrix team
15% zetrix is allocate as zetrix community incentive
30% zetrix is allocate to zetrix ecosystem fund to support blockchain

Also take note, myeg initial allocation 250m zetrix coin have 3.5year vesting period

Myeg as zetrix founder entitle 250m coin allocation. But, myeg allocation will increase if zetrix coin enlarge coin issuance from 1 bil to maximim 2.1 billion coin later. The initial allocation 250m coin is to allow myeg for fundraising purpose ad setup of validator nodes

However, not all zetrix coin are issue by myeg. Zetrix coin also issue to public purchaser, reward blocks based on network activity, zetrix team management, community incentives such as marketing compaign and allocation dedicated to ecosystem fund to both support the block chain infrastructure.

Myeg will continue monetize zetrix coin based on market price as long as market price is above IEO price

Myeg Zetrix first IEO only issue 1 million coin at USD 5. Current zetrix coin issue already accumulated to142m coin at latest price USD 18.5, give rise to total market capital USD 2.64 billion (RM 11.9billion) about 1.7x higher than current Myege entire market capital now at merely RM 6.91billion

bought back myeg at 86.5sen

second casino is coming + HSR + Transit oriented development + revival bandar Malayasia + unlock DUKE listing

second casino is coming + HSR +special economic zone

second casino is coming

bought ekovest at 45sen

added more a t 1.02-1.03

cut at 1.02, swap to UEMS

Cost reduce from RM 110 bil to RM 70bil will boots up commercial viability of these mega project.

https://www.nst.com.my/business/corporate/2024/04/1039838/rm70bil-high-speed-bullet-train-project-bttv

be patient, HSR is coming soon

The Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) project might tally up to about RM70 billion, a notable decrease of around 30 to 35 percent from the previously reported RM110 billion, according to market insiders

https://www.nst.com.my/business/corporate/2024/04/1039838/rm70bil-high-speed-bullet-train-project-bttv

The Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) project might tally up to about RM70 billion, a notable decrease of around 30 to 35 percent from the previously reported RM110 billion, according to market insiders

https://www.nst.com.my/business/corporate/2024/04/1039838/rm70bil-high-speed-bullet-train-project-bttv

Added more at 99sen

Added more at 72sen

bought iwcity at 74sen

bought UEMS at 1.04

bought 1.32-1.33

bought LBS at 67sen. Expect at least dividend 2.8sen to be announced soon

With water traffic hike, concession water have become lucrative business model.

cut balance at 79sen

cut at 78.5sen

added more ranhill at 1.04-1.05

bought PBA at 1.81

bought ranhill at 1.08-1.09

Resume share buyback. Myeg strong cash flow and ownership RM300m zetrix token (digital asset) at super high paper gain should be able to mop up 10% stake in myeg

https://yinson.irplc.com/investor-relations/pdf/Q4-FYE24-results-briefing.pdf

https://www.yinson.com/highlights/YP-FPSO-Atlanta-sets-sail-Brazil/

Yinson Production’s FPSO Atlanta sets sail to Brazil

Posted Date: 21 Mar, 2024

Yinson Production’s FPSO Atlanta set sail to Brazil today, marking the successful completion of the project execution phase, and is expected to arrive in the Atlanta field in the Santos Basin offshore Brazil during the second quarter 2024. The sail away follows the grand naming ceremony that was held for the FPSO in December 2023.

FPSO Atlanta is a redevelopment project awarded to Yinson Production by Enauta Energia S.A. (“Enauta”) on 21 February 2022 as an EPCI (“Engineering, Procurement, Construction, Installation”) Project. In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a 5-year option contract for the supply and operations & maintenance with a total contract value of up to USD 1,981 million. FPSO Atlanta has a production capacity of 50,000 barrels of oil per day and a maximum storage capacity of 1,200,000 barrels. The FPSO features an efficient carbon management process plant, which utilises fuel gas for cargo tank inertisation that will significantly reduce flare gas emissions through a closed flare system. The plant is part of Enauta and Yinson Production’s continuous efforts in reducing carbon emissions and being the frontrunner in decarbonising the FPSO industry towards the goal of net zero.The project, carried out at Drydocks World Dubai, was completed safely with over 9 million man-hours without lost time incident. The safety performance is an excellent achievement for the project, demonstrating the highest level of safety standards by the project team.

Scott Bendiksen, FPSO Atlanta Project Manager said, “With over 9 million-man hours worked without a lost time incident, safety has remained our top priority throughout every phase of the project. We look forward to seeing FPSO Atlanta contribute to Enauta’s operations in the Santos Basin, further solidifying our position as a trusted partner in the offshore energy sector.”

Vinicíus Passos, Enauta’s Executive Deployment Manager said, “This is one more milestone achieved, which marks the successful conclusion of FPSO Atlanta's adaptation phase, with the aim of delivering the project on time and within budget. More than 2 years without any incident demonstrates the highest level of safety standards by the team that worked on adapting the vessel.”

FPSO Atlanta is the second of three FPSOs Yinson Production is delivering to clients in Brazil. The first vessel, FPSO Anna Nery, is already operational after achieving first oil in May 2023, while the third FPSO is currently under being built in China and progressing well towards completion this year.

bought yinson at 2.35

Sslee

Additional Cash inflow from share disposal RM 60-66m on top of recurring Q profit will further boots up INSAS cash hoard to above RM 1.2 billion in next Q. These is almost cash RM 1.80/share......