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

More importantly unlike Jaks, their funds and cash level are locked to FPSO debt repayments and cannot be used for anything other than that. That's why their Fitch bond rating is BA1. Jaks can't even borrow money internationally.

>>>>>>
Sslee

Yinson AS AT AS AT
31.10.2024 31.1.2024
Unaudited Audited
RM million RM million
Current assets: 5,262 4,782
Current liabilities:3,350 4,575
Know what that donkey talk about current ratio and Yinson working Capital is only Last for 7 months … ???

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho Serba Story 🐍n 🐉Teller to promote Serba even in Account Fraud..😱🤔

—

Posted by Philip ( buy what you understand) > 57 seconds ago | Report Abuse

The difference between level 1 investor and level 2 investor. One talk a lot and never make money, one just makes money and listens to others talk.

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

This type of comment is so silly I don't even want to start commenting to repair the misstatement. Tak malu make such comments without actually reading properly first?
>>>>>>
jjohnchew

Hoho Yinson working Capital is only Last for 7 months … need to Refinancing ke like sold FPSO Anna Nery 11.8 % equity :

Where as Jaks working Capital is always can Last for 12 months : Current Ratio 1.04

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho those listen to the Serba Story Teller are oredi Loss Naked liaw …

Posted by jjohnchew > 1 week ago | Report Abuse

Balance Sheet Item
Company A
Company B
Cash and Equivalents
$5,000
$30,000
Inventory
$80,000
$20,000
Accounts Receivable
$15,000
$50,000
Total Current Assets
$100,000
$100,000
Accounts Payable
$60,000
$10,000
Short-term Notes Payable
$50,000
$80,000
Wages Payable
$15,000
$35,000
Total Current Liabilities
$125,000
$125,000
Current Ratio
.80
.80

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho instead of Buy what u understand is Buy what U Not understand..Malu tak !🤣🤣🤣🤫


—

Posted by jjohnchew > 6 minutes ago | Report Abuse

Hoho those listen to the Serba Story Teller are oredi Loss Naked liaw …

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho Kon ss Lee is oredi proven did not understand DE earlier…🤣🤔

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho as usual Konartist ss lee use Kon maths extraction method extract raw data to twist …as in Jtiasa also ..

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho r they such donkey n old liaw .. can’t listen n learn liaw …🤣🤫🤔

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho Jaks Financial Reports is adhered to IFRS … where as Yinson is Not adhered to IFRS but said shl adhered to IFRS starting next FY .


>>> Yinson Total Assets :

Hoho interesting le … Q to Q is Reduced by RM 1,323 million !!! 😱😱😱

QR October 2024 : 30,075 million

QR July 2024. : 31,398 million

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho oh the Serba story teller Buy What u Not Understand is madd n childish in Jtiasa …

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho no worries la … Yinson keep SBB where as EPF n KWAP keep rotating yummy yummy either Up or Down …

Keep SBB until Order Book last until 2048 ke …

Kon ss lee come back after 2048 ke ….

Posted by jjohnchew > 1 week ago | Report Abuse

Yinson :

>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 )


> QR ended October 2024 :

Treasury shares ( SBB ) : ? Unit ( ? % , RM 607 million )

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

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho USD 49 million is ard RM 210 million.. QR ended October 2024 with Profit RM 200 million… no worries le .. FPSO Maria is First Oil on October 2024 .. now can start Refinancing also …. But why Total Contract Assets is Reduced by RM 6,545 million on QR ended October 2024 ?🤔

Refinancing on October 2024 sold 11.8 % equity of FPSO Anna Nery … ownership is reduced from 75 % to 63.2 % !😱

22/10/2024 : K Line own 11.8 % with USD 49 million.

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho before I knew he is one of Serba Promoter with 🐍n 🐉story …Buy what U Not Understand twisted with Kon ss lee on Serba subsidiaries… Malu tak ….

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho ss leee .. r there 3 Tikuss in yr Jtiasa Plantation Tikuss Trapp ?

Now see 三隻老鼠, 三隻老鼠, 跑得快 ， 跑…. 🤣

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho JeDie id :

1.) Lambo is delisted on October 2024 : use Alibaba/ YongKimFool / JeDi1985 as Promoter …

2.) Netx : used Scenery as Negative commentator…..

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

Mikecyc you wanted first oil?

https://www.yinson.com/highlights/YP-FPSO-Atlanta-achieves-first-oil/

So, anything more to say...

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

Oh now for you do share buyback with own cash also become wrong thing.... Like that everything you want to be wrong can be wrong. In your eyes everything can twist twist.

I wonder if your bank account and stock portfolio can be twist twist also? In the end your back account number won't change... If don't know how to buy stocks buy what also no use

Posted by kcwong98 > 1 week ago | Report Abuse

https://www.linkedin.com/posts/yinson-production_yinsonproduction-yinson-passionatelydeliveringpowerfulsolutions-ugcPost-7280018261365202944-3X5j?utm_source=share&utm_medium=member_android
FPSO Atlanta first oil on 31/12/2024

Posted by john888 > 1 week ago | Report Abuse

Time charter rate of Yinson FPSO

1. Fpso Agogo usd 750,000 a day ( fisrt oil last quarter 2025 )

2. ⁠Fpso Maria Quiteria usd 600,000 a day ( first oil 21 oct 2024 )

3. ⁠Fpso Atlanta usd 305,000 a day ( first oil 31 dec 2024 )

** The cash cow in making **

Posted by Bullrun18 > 1 week ago | Report Abuse

Brazilian FPSO ticks first oil milestone off its list before ringing in new year

https://www.offshore-energy.biz/brazilian-fpso-ticks-first-oil-milestone-off-its-list-before-ringing-in-new-year/

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho repost with Updated FPSO Atlanta First Oil on 31/12/2024 :

Illustration study :

1.) FPSO Atlanta: Capacity 50,000 bpd. Expecting First Oil by end November 2024 .

2.) FPSO Maria : Capacity 70,000 bpd .
First Oil on October 2024 .

3.) FPSO Agogo : Capacity 120,000 bpd .
Scheduled to be First Oil by early 2026 .

Agogo funding:

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 ...

>>>
Illustration based on direct ratio of Capacity for the 3 units FPSO >>>

Debt Financing = USD 1.3 billion x 2 = USD 2.6 billion = RM 12.4 billion.

( Note : FPSO Anna Nery First Oil on May 2023 , Capacity 70,000 bpd .)


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


👉The 3 units FPSO illustrated Debt Financing =. RM 12,400 million.


Non current Finance lease receivable = RM 8,164 million

Current Finance lease receivable = RM 165 million

👉> Total Finance lease receivable = RM 8,329 million 🤔 ( Assumption with Charter Contract 15 years + 5 years) .


Summary illustration:

👉Total Loans n Borrowings - Total Contract asset = RM 7,647 m


👉 Risks is getting Higher :

1.) Revenue n Profit in RM shl be reduced due to Currency Exchange rate .😱

2.) FPSO Atlanta First Oil status !😱 Update : First Oil on 31/12/2024 .

3.) FPSO Anna Nery ownership is reduced from 75 % to 63.2 % on October 2024 due to Refinancing.😱

4.) FPSO Agogo First Oil is scheduled on early 2026 … Let’s see Total Debt is reduced or not on 2025 as FPSO Maria is First Oil on October 2024 …..🤔

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho another risk is on Financial Reports is Not followed IFRS , said shl follow IFRS by next FY , ie FY26 … from Operating Lease to Finance Lease … make sure backtrack the Elimination amount is Correct le ….

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho as posted earlier:

>>> This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.

IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.



Updated:

马交所要求上市公司 采用IFRS永续披露标准
2024年12月23日



吉隆坡23日讯）配合国家永续发展报告框架（NSRF）的推行，大马交易所修订了上市公司的永续报告框架要求，需采用IFRS永续披露标准。

Posted by jjohnchew > 1 week ago | Report Abuse

Kuala Lumpur, 23 December 2024 – Bursa Malaysia Securities Berhad (“Bursa Malaysia”
or “the Exchange”) today announced enhancements to the sustainability reporting
requirements in the MAIN Market and ACE Market Listing Requirements (collectively,
“Listing Requirements”) to align with the National Sustainability Reporting Framework
(“NSRF”)0F
1
.
The enhancements to the Listing Requirements seek to foster the use of the IFRS S1
General Requirements for Disclosure of Sustainability-related Financial Information and IFRS
S2 Climate-related Disclosures (collectively, the “IFRS Sustainability Disclosure Standards”)
as the baseline standards for sustainability reporting in Malaysia. These enhancements are
designed to improve the transparency and accountability of how listed issuers manage
their sustainability-related risks and opportunities (“SROs”) using a globally recognised
standard, ultimately strengthening business resilience and easing the reference and
comparability by investors.

Under the enhanced requirements, a listed issuer must prepare its sustainability
statement in the annual report (“Sustainability Statement”) in accordance with the IFRS
Sustainability Disclosure Standards. Additionally, the listed issuer must continue to include
the following information in its Sustainability Statement:
(a) metrics and targets that demonstrate the listed issuer’s performance and progress
of its SROs for the last 3 financial years on a rolling basis, together with a summary
of such data in a prescribed format; and
(b) a statement whether the listed issuer has subjected the Sustainability Statement
to internal review by its internal auditor or independent assurance performed in
accordance with recognised assurance standards.

Posted by Huangbk72 > 1 week ago | Report Abuse

Again.. Miketikus chooses to continue gibberish.

Really talking to a wall 😁😁

If Yinson accounts is not IFRS compliant, you think the auditors can sign off?

Go read up IFRS 16 instead of continue your rubbish

OR

Become a Yinson shareholder, go sue Yinson for not following IFRS. Sure 100% win lawsuit

Posted by jjohnchew > 2 minutes ago | Report Abuse

Hoho another risk is on Financial Reports is Not followed IFRS , said shl follow IFRS by next FY , ie FY26 … from Operating Lease to Finance Lease … make sure backtrack the Elimination amount is Correct le ….

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho DonkeyyTinkosongKonLee .. yr TinKosongKonPetHuangbk ke …🤣

Posted by Huangbk72 > 1 week ago | Report Abuse

LOL Miketikus

Things you dont know about IFRS or DRP

Just keep quiet.. No one will know your ignorances 🤣🤣🤣🤣

Keep talking, everyone will see how ideoot you are 😉

Posted by jjohnchew > 1 week ago | Report Abuse

QR October 2024 :

Non current contract asset : RM 4,754 m

Current contract asset : RM 634 m


👉Total Contract asset = RM 5,388 m

Total Loans n Borrowings = RM 19,373 m


👉The 3 units FPSO illustrated Debt Financing =. RM 12,400 million.


Non current Finance lease receivable = RM 14,520 million

Current Finance lease receivable = RM 240 million

👉> Total Finance lease receivable = RM 14,760 million 🤔 ( Assumption with Charter Contract 15 years + 5 years) .


Summary illustration:

👉Total Loans n Borrowings - Total Contract asset = RM 13,985 m

👉👉 Total Loans n Borrowings - Total Contract asset - Total Finance lease receivables = - 775 million ( ie : Profit RM 775 million over Charter Contract 15 years + 5 years , with assumption that at the End of the Charter Contract, Total Contract asset = RM 5,388 m , the reality is it shl be reducing over years ) .

Posted by jjohnchew > 1 week ago | Report Abuse

👉 Total Loans n Borrowings: Compared Q to Q : is reduced by RM 207 million.

But Total Contract Assets : Compared Q to Q : is reduced by RM 6,545 million.



Total Contract Assets :

> QR October 2024 :

Non current contract asset : RM 4,754 m

Current contract asset : RM 634 m


👉Total Contract asset = RM 5,388 m


Total Loans n Borrowings = RM 19,373 m



> QR July 2024 :

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 )

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho starting followed IFRS ke …

Posted by jjohnchew > 1 week ago | Report Abuse

>>> Yinson Total Assets :

Hoho interesting le … Q to Q is Reduced by RM 1,323 million !!! 😱😱😱

QR October 2024 : 30,075 million

QR July 2024. : 31,398 million

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho donkeyyTinkosongLeader KonLee is Total Assets is Depreciation n Amortisation by 4.21 % within these 2 QR ….😱🤔

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

You keep shifting goal post from first oil la to IFRS la to this and that la. What is real is dividend, earnings, share buyback, and project handover. Talk so much, first thing is to learn how to see cash and earnings and gestation period. You want to bet that next quarter in February will yinson earnings go up or down?

>>>>>
jjohnchew

Hoho as posted earlier:

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

Are you serious??? This is what you call risk? It's only risky to those who don't know how to read reports

>>>>>
jjohnchew

Hoho another risk is on Financial Reports is Not followed IFRS , said shl follow IFRS by next FY , ie FY26 … from Operating Lease to Finance Lease … make sure backtrack the Elimination amount is Correct le ….

3 hours ago

Posted by JediMaster1 > 1 week ago | Report Abuse

Mr Philip Miketikus is the person with mental problems he can be so confused that he doesn't even know what he is saying. 😂

Posted by jjohnchew > 1 week ago | Report Abuse

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.

Posted by Huangbk72 > 1 week ago | Report Abuse

LOL Miketikus.. English comprehension so bad

Article talked about DISTORTION

U talk about not following IFRS. Not following means non-compliance

Another case of " The kid that cries WOLF"?

Go read up IFRS 16 la... Dont be a dumdum. 🤣🤣🤣🤣

https://www.ifrs.org/issued-standards/list-of-standards/ifrs-16-leases/

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

Posted by jjohnchew > 1 week ago | Report Abuse

Under the enhanced requirements, a listed issuer must prepare its sustainability
statement in the annual report (“Sustainability Statement”) in accordance with the IFRS
Sustainability Disclosure Standards. Additionally, the listed issuer must continue to include
the following information in its Sustainability Statement:
(a) metrics and targets that demonstrate the listed issuer’s performance and progress
of its SROs for the last 3 financial years on a rolling basis, together with a summary
of such data in a prescribed format; and
(b) a statement whether the listed issuer has subjected the Sustainability Statement
to internal review by its internal auditor or independent assurance performed in
accordance with recognised assurance standards.

Posted by Huangbk72 > 1 week ago | Report Abuse

Oh My GOODNESS... Miketikus really dont know IFRS

U jump from IFRS 16 to IFRS S1 and S2.

They are DIFFERENT 🤣🤣🤣🤣🤣🤣🤣🤣🤣

U dont know IFRS, Dont Post...

So embarassing.. shows your incompetence 🤣🤣🤣

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho ssleee i am name dropping again lo … nowadays only use this name :

👉 Hoho I am posted Top Glove TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 .. 
 




And posted the study on Nitrile Gloves Demand vs Supply of 7 Local Gloves company on August 2020 that Supply Shl fulfil Demand in 12 months …

Posted by Huangbk72 > 1 week ago | Report Abuse

LOL Miketikus.. No more IFRS? 🤣🤣🤣

U talk so big.. Why not share why you promoted JAKS till 24/25c in 2023??

Now 13c .. 24.5c to 13c is 47% loss in value

Any "name dropping" now? 🤣🤣🤣🤣

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho another risk on Forex : USD to RM from 4.71 to 4.48 … affect the Profit / Loss …

Posted by jjohnchew > 1 week ago | Report Abuse

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.

Posted by Huangbk72 > 1 week ago | Report Abuse

Another dumdum statement from Miketikus

Do you know % of Yinson earnings NOT in USD?

Its different from your JAKS..

Jaks earn in VN dong
Loans in USD

See the difference? 🤣🤣🤣

Posted by jjohnchew > 6 minutes ago | Report Abuse

Hoho another risk on Forex : USD to RM from 4.71 to 4.48 … affect the Profit / Loss …

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

Do you think yinson production payment is in USD or MYR?
>>>>>>
jjohnchew

Hoho another risk on Forex : USD to RM from 4.71 to 4.48 … affect the Profit / Loss …

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

name dropping is useless when you are big into jaks while someone else buying hartalega and making money with dividends now

>>>>>
jjohnchew

Hoho ssleee i am name dropping again lo … nowadays only use this name :

👉 Hoho I am posted Top Glove TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 .. 
 




And posted the study on Nitrile Gloves Demand vs Supply of 7 Local Gloves company on August 2020 that Supply Shl fulfilled Demand in 12 months…

Posted by Bullrun18 > 1 week ago | Report Abuse

First Oil Starts Flowing from FPSO Atlanta Off Brazil


https://www.oedigital.com/news/520721-first-oil-starts-flowing-from-fpso-atlanta-off-brazil

Posted by Sslee > 1 week ago | Report Abuse

From Yinson Dec 24 corporate presentation
FSPO contract backlog of USD 21.9 billion until 2048
Solar power plant forecasted revenue of USD 1 billion until 2054(1) underpinned by long-term PPAs