Posted by Chin Fei Hiew > 2015-05-11 12:35 | Report Abuse

http://research.maybank-ib.com/pdf/document/MY_OG_SU_MKE3_7457.pdf

The potential sale of Yinson’s none-core O&G operations may result in a capital distribution in the form of a special dividend payout to shareholders.

Posted by i3i2i1 > 2015-05-18 09:10 | Report Abuse

AmWatch: Yinson Holdings : With greater conviction Buy

We upgrade Yinson Holdings to BUY with a higher fair value of RM3.60/share (from RM2.85/share previously), based on our sum-of-parts (SOP) valuation. Our fair value implies an FY16F’s (ending Jan) PE of 25x, a premium above the O&G industry average of 17x. We deem this justifiable due to the strong counterparties for their FPSOs and the potential for earnings to double upon the commencement of the OCTP FPSO in Ghana.

Following a recent meeting with management, we raised our valuation of OCTP as we have imputed a higher IRR of 12.5% as guided by management, vs. our previous assumption of 10%. The OCTP project currently accounts for 48% of our total SOP valuation. Upon the commencement of operations in Sept 2017, the FPSO is expected to contribute to the bottom line significantly, with approximately RM150mil full-year accretion to bottomline. We have accounted for four months contribution from the project for FY18F. FY19F earnings should double that of FY15F.

We are taking a more constructive stance on the OCTP contract. We understand that the execution and counterparty risks appear somewhat low given that its customer, Eni SpA, is one of the largest integrated energy companies in the world. Furthermore, Yinson is well protected by the contract terms between the two parties where the early termination fees would preserve its net present value currently derived from the project.

With a 75:25 debt:equity funding for the project, the group’s net gearing is expected to increase from 0.32x currently to >2x over the next 2-3 years. This would be progressively offset by the strong earnings and cash flows generated from the FPSOs. Yinson’s plan to divest its non-O&G operations by this year would further help pare down gearing levels. Yinson is actively bidding for more FPSO contracts. One such contract is the Ca Rong Do project in Vietnam by Talisman (now Repsol), according to Upstream. The stock currently trades at an FY16F PE of 21x.

Posted by Vaylens Chong > 2015-05-20 20:46 | Report Abuse

Good Counter!!!

Posted by investor2013 > 2015-06-24 11:57 | Report Abuse

2.9

Posted by granto > 2015-06-29 22:51 | Report Abuse

Liannex bids for Yinson’s non-oil and gas subsidiaries: http://splash247.com/liannex-bids-for-yinsons-non-oil-and-gas-subsidiaries/

Posted by hockhuat > 2015-07-16 18:15 | Report Abuse

JMM to Tun M, Mokhzani: "Respond or we'll expose more facts"

KUALA LUMPUR: More 'worrying' facts on how Tun Dr Mahathir Mohamad and his son Tan Sri Mokhzani had accumulated enormous wealth will be revealed if the duo fail to respond to allegations raised by non-governmental organisation Jaringan Melayu Malaysia (JMM). JMM president Azwanddin Hamzah said he was still waiting for the two to react following a press conference which alleged that Mokhzani had become rich when Mahathir was the prime minister for two decades. “We are still waiting for their response at the moment. JMM will continue to work on getting more facts on how they had amassed such wealth. “If they don't respond, we will bare more facts and how they made it,” Azwanddin said. It was reported that Azwanddin, in a press conference several days ago, had called on Dr Mahathir or Mokhzani to come clean on the source of wealth which has been amassed over a short time. Azwanddin said this after JMM allegedly received information on a fleet of 18 luxury vehicles that supposedly owned by Mokhzani, said to be worth RM36.2 million. Azwanddin had said that Dr Mahathir must explain if Mokhzani's accumulation of wealth began while his father was the premier back then. Mokhzani, said Azwanddin, must also clarify on the collection of cars, and added that he would raise the matter with the Malaysian Anti-Corruption Commission if there was inaction from the two. A report with the MACC would pave way for the matter to be investigated if there are any elements of misappropriation of funds or abuse of power when Dr Mahathir was prime minister. Azwanddin said he was confident with what he had raised as he has clear evidence. Mokhzani and Tun Mahathir are welcomed to initiate legal action if it was untrue, he added. Mokhzani, in an immediate response to the report, was quoted in an online portal as saying that 'he had given enough interviews on companies he had shares in or work in'. “Various magazines have published what these companies are worth, which then extends to what the shareholders are worth. Nothing more to add. All info in public domain," Mokhzani was quoted as saying.

Read More : http://www.nst.com.my/node/92330

Posted by freakinghunt > 2015-08-22 19:31 | Report Abuse

can feel a strong support for share price

Posted by supermix2 > 2015-11-16 13:11 | Report Abuse

today good show indeed.

Posted by VIWizard > 2015-12-21 16:37 | Report Abuse

so fake

Posted by stainlyho37 > 2016-01-27 15:07 | Report Abuse

buy in oil & gas stock,,u will see this coming few days.......Yinson my 1st. choice...!!!

Posted by stainlyho37 > 2016-01-29 10:59 | Report Abuse

buy & keep for your 3.50 in short term....!!

Posted by stainlyho37 > 2016-01-29 11:33 | Report Abuse

who going to eat up 2.69......?? then will go 2.80 !!

Posted by beastkot123 > 2016-02-04 23:55 | Report Abuse

Buy?

Posted by yapyml > 2016-02-18 23:06 | Report Abuse

KINDLY ADV NEWBIE WHEN TO BUY?????????

Posted by cruise > 2016-03-16 15:53 | Report Abuse

all calm bfore the storm...

Posted by stainlyho37 > 2016-03-18 10:02 | Report Abuse

oil stay above USD40.....foresee some shown on all oil&gas counter next week.....accumulate Yinson..SKPetro......

Posted by duenchan > 2016-04-12 14:18 | Report Abuse

epf buying

Posted by Forwardmind > 2016-04-13 17:19 | Report Abuse

Today buy some too.. oil price at around US 40.. some projects may start operate.

Posted by hairi > 2016-04-17 16:22 | Report Abuse

http://cnb.cx/1Va5gzy

Posted by duenchan > 2016-05-02 12:18 | Report Abuse

oil price near usd47, this stock still not moving :p

Posted by Forwardmind > 2016-05-05 18:54 | Report Abuse

Oil price is up, but most oil & gas business still hold... waiting management approval may need some time.. estimate end of June may have projects

Posted by duenchan > 2016-05-06 23:22 | Report Abuse

But dayang follow oil price very closely.

Posted by _OptimusPrime_ > 2016-05-06 23:48 | Report Abuse

Posted by duenchan > May 6, 2016 11:22 PM | Report Abuse

But dayang follow oil price very closely.



really scratch my head....why not go trade oil price directly??? can long, can short.

Posted by 891088 > 2016-06-18 05:51 | Report Abuse

Buy now..massive push up next week

Posted by Upupshare > 2016-06-18 19:23 | Report Abuse

891088@ why say so ?

Posted by azel_inc > 2016-07-11 13:36 | Report Abuse

891088 is correct!

Posted by zexon > 2016-07-19 21:58 | Report Abuse

Ca Rong Do FPSO is likely secured by Yinson,price start to move up

Posted by boldrun88 > 2016-07-28 12:07 | Report Abuse

Looking good

Posted by CMLeong > 2016-08-24 10:16 | Report Abuse

i sell on Monday for 3.03... now increased to 3.10... how come suddenly increase so much? will it hit RM4.xx?

Posted by eddi > 2016-08-24 11:36 | Report Abuse

get now before late

got good news inside

Posted by CMLeong > 2016-09-02 11:45 | Report Abuse

eddi, wat kinda good news? mind to share here?

Posted by zexon > 2016-09-06 13:44 | Report Abuse

Securing two projects

Posted by CMLeong > 2016-09-07 10:56 | Report Abuse

zexon, do u mind to share here? im a newbie and I cant find the news about yinson online..

Posted by sohofelix > 2016-09-07 11:05 | Report Abuse

left one four rainbow vacant, another project is ?

Posted by Piggybank > 2016-09-07 11:37 | Report Abuse

Commercial offers to Repsol likely from Bumi Armada, Petrofac and Yinson Holdings for $1.1 billion field development project. Outcome should be soon.

Price moving might be results in the bag!

Posted by CMLeong > 2016-09-07 14:02 | Report Abuse

price increased so fast today!!

Posted by Piggybank > 2016-09-07 15:05 | Report Abuse

Recently,YINSON board of directors have been reshuffled including three resignations (1
executive director and 2 independent non-executive directors), re-designation of
Mr Lim Han Joeh as non-executive director from executive director and
appointment of four new directors, namely Dato' Nasir (EPF), Datuk Raja
Zaharaton (ex-EPU), Dato' Wee (finance) & Datuk Syed Zaid (legal expert).
YINSON is looking to appoint one more director with oil and gas experience to
join the board. We are positive on the new appointment as it provides diversified
skills and experience to the company.

Posted by win_win > 2016-09-09 14:02 | Report Abuse

2 projects!!!!

Posted by Upupshare > 2016-09-09 14:55 | Report Abuse

How sure 2 projects ? Current market is not easy to get banks funding for billion dollar project.

Posted by zexon > 2016-10-11 16:07 | Report Abuse

Waiting for LOI

Posted by mamipoko > 2016-10-25 18:00 | Report Abuse

The price of dividend has been factored in long ago. I somehow have a different opinion to many of the rest after much research on this counter and it is important to note that analyst reports for this stock do not properly comment on the high gearing level (>1x) of the company and borrowings which are ballooning - Yes this is for the OCTP contract but not much research done on this. That said, the company has undergone private placements (at cheap pricing) frequently to repay its Bank borrowings but this comes at a price with heavy dilution of shares for existing shareholders. The company would be in a worse off position post EX day and I foresee a fall in this stock if not supported by funds. I would go for a sell on this counter as it may not seem as rosy as pictured by most of these junior analysts, with TP of RM2.90. Happy investing.

Posted by Euphoria87 > 2016-11-03 10:25 | Report Abuse

anyone know it is we can sell it today to entitle the dividend? The price already reflect the dividend that we going to get, but i thought the ex date is today? 3.Nov ? 3.18-0.146 = 3.03

Posted by Jayjay888 > 2016-12-09 19:41 | Report Abuse

Share buy back, EPF buying too. Any good news anticipating coming for Yinson?

Posted by agcnazriadam > 2017-01-02 16:59 | Report Abuse

Looking at this counter

Posted by ravih > 2017-01-13 06:39 | Report Abuse

Triggered Buy today 13 January

Posted by zexon > 2017-01-23 10:21 | Report Abuse

still managed to secure new fpso despite depress market sentiment..Bravo Yinson

Posted by teoct > 2017-01-23 10:23 | Report Abuse

Letter of intent obtained for Ca rong - vietnam fpso. Should be firm contract by April / May 2017.

Posted by Kikster > 2017-03-01 09:38 | Report Abuse

Hi guys, any idea why it jumped so much yesterday?

Posted by nikicheong > 2017-03-01 21:13 | Report Abuse

Kikster, seems like a foreign fund dumped money into the stock. Usually when you see a large spike it's a foreign fund, local funds will not spike it up as much. Foreign funds care less about short term pullbacks. So it must mean they're seeing something good here long-term.

Posted by Kikster > 2017-03-02 10:29 | Report Abuse

Oh ok, good stuff,
thanks for sharing nikicheong! :)