Posted by Mabel > 2024-03-08 17:07 | Report Abuse

Yes lah..Oil price remains at USD 77 - 80 per barrel for quite some time. Q4 will definitely be better than Q3

Today has been another productive day. Managed to collect Yinson Mother and the Warrant Shares. Both Mother and Warrant Shares climbs today.

If the PAT is one billion for FY 2024, the foreign funds will buy this stock.
Likewise all local institutional funds will invest into this stock.

The Sukuk bond issued by Yinson was taken up within 2 hours. Another bigger Sukuk bond will issue again...

Mabel is expecting a fantastic results cum 21 March 2024, Q4 FYE 2024...

Posted by DickyMe > 2024-03-08 17:09 | Report Abuse

RM 1.50 coming soon!

Posted by 8dragon > 2024-03-08 19:18 | Report Abuse

I sold my last batch of Yinson shares @ 2.43...stay away from the counter until the next qtr..

Posted by Mabel > 2024-03-09 09:01 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/03/08/yinson-announces-issuance-of-rm640mil-sukuk

Yinson RM 640 million Sukuk was snapped within 2 hours..

Posted by Mabel > 2024-03-09 09:02 | Report Abuse

Most of the buyers are institutional investors..

Posted by Vdhawan > 2024-03-11 16:39 | Report Abuse

Fund injection via SUKUK 😁 It can be inferred that Yinson will announce another big project it has secured

Posted by 8dragon > 2024-03-12 08:14 | Report Abuse

O&G sector will slowly become a sunset industry as the world is heading towards renewable energy, so the demand for fossil fuel is getting less and depleting....

Posted by ValueInvestor888 > 2024-03-12 10:58 | Report Abuse

O&G is sunset industry. Service providers will be first to hit than big oil like Exxon where they still have gas, petrol station, chemical plant etc.

Posted by tt101 > 2024-03-12 10:59 | Report Abuse

ppl always say paperless nowadays, but......
https://www.statista.com/statistics/270319/consumption-of-paper-and-cardboard-since-2006/

Posted by UncleFollower > 2024-03-12 13:38 | Report Abuse

Yinson's bonds are all trading above par

YINHOL 7.500% Perpetual Corp (MYR)
Energy 7.500 Perpetual Bonds 102.974 7.253

YNSMK 5.550% 07Dec2026 Corp (MYR)
Energy 5.550 07 Dec 2026 101.518 4.946

YNSMK 7.500% Perpetual Corp (MYR)-Series 1
Energy 7.500 Perpetual Bonds 102.967 7.478

YNSMK 7.500% Perpetual Corp (MYR)- Series 2
7.500 Perpetual Bonds 102.989 7.663

YNSMK 7.850% Perpetual Corp (USD)
Yinson Juniper Ltd
Matured/ Called
Energy 7.850 Perpetual Bonds 104.041 7.574

Posted by Kitty Kitty > 2024-03-12 16:03 | Report Abuse

Yinson merely need to have EPS of more than 1.2 in order to exceed total earning from last year. Unless there's some sort of financial impairments, it wouldn't be hard to achieve.

Posted by OTB > 2024-03-12 16:13 | Report Abuse

The analyst from Maybank said PAT= 916 million in FY 2024 and PAT > 1 billion in FY 2025.
I believe PAT > 1.0 billion in FY 2024.
The FY 2024 result will be released in this month.
Good luck.

Posted by Vdhawan > 2024-03-12 16:55 | Report Abuse

One more week for Yinson to release its Q4. Time to count down 😆

Posted by Permutation > 2024-03-12 17:03 | Report Abuse

The TA of Yinson is very bad now, am I wrong?

Posted by UncleFollower > 2024-03-12 17:20 | Report Abuse

Well...a hammer doji has just formed today, that's a bullish reveral signal. This coincides with bouncing off the year's low and a very weak RSI which historically has bounced off

Posted by UncleFollower > 2024-03-12 17:21 | Report Abuse

But it is very bad if another sharp decline follows the hammer doji 😰

Posted by EngineeringProfit > 2024-03-12 20:34 | Report Abuse

Time to start collecting. No buy today, how to huat 2molo

Posted by Mabel > 2024-03-12 23:33 | Report Abuse

Indeed Bro. TA is currently oversold which is a great time to collect this gems. Mabel has been collecting Mother and WA...

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

Price will go up naturally with good result...

Meow

Posted by EngineeringProfit > 2024-03-13 09:43 | Report Abuse

Lai....lai....lai

Big or small?

Posted by Mabel > 2024-03-13 11:01 | Report Abuse

See today up oledi..

Hope this counter is not another Yo Yo counter like YTLPOWER

Meow Meow Meow

Posted by EngineeringProfit > 2024-03-13 11:03 | Report Abuse

Sharp recovery is possible. Huat Huat then. Cheers for the smooth takeoff!

Posted by Riaz1954 > 2024-03-13 11:12 | Report Abuse

Yinson has so many buys yet the price is on hold! Manipulation…..big increase before results on the cards.

Posted by EngineeringProfit > 2024-03-13 11:13 | Report Abuse

Lai....lai....lai

Big long green candle or not?

Posted by Vdhawan > 2024-03-13 11:57 | Report Abuse

@Permutation

The TA of Yinson is very bad now, am I wrong?
``````````````````````````````````````````````````````````````````````````````````````````````````````
Ambank gave Yinson RM4 for its TP btw
https://klse.i3investor.com/web/pricetarget/research/70410

Posted by OTB > 2024-03-13 13:06 |

Post removed.Why?

Posted by OTB > 2024-03-13 13:24 | Report Abuse

Yinson is the best FPSO operator in the world.
Time delivery, no quality issue and never fail in its commitment to all her clients.
Yinson is doing Malaysia proud in the international scene on FPSO projects.
Petrobra does not want Yinson to have too many of her FPSO projects, tender and retenders and try to award FPSO projects to other vendors.
At the end, Yinson is still awarded the FPSO project because Yinson is the best bidder in this special field.
Yinson is the company excels in her performance, but the share price of Yinson is the worst among all its peers.
Very sad to hear this news.
Thank you.

Posted by EngineeringProfit > 2024-03-13 13:27 | Report Abuse

No worry, no fears. No buy now, no big huat later. After all, in the short run, the market is a voting machine but in the long run, it is a weighing machine.

Posted by Permutation > 2024-03-13 14:59 | Report Abuse

Mr OTB, would you recommend a buy on Yinson now ? Does it meet your investment criteria ?

Posted by OTB > 2024-03-13 15:06 | Report Abuse

Dear Permutation,
Fundamental of Yinson is very ... very good, no question about it.
TA is very weak.
Hence I did not talk about TA.

I recommend only good fundamental stocks, but this stock failed me because the share price just cannot perform.
I just hope that there is no manipulation on this stock, good fundamental will prevail finally.
Decide yourself.
Thank you.

Posted by Permutation > 2024-03-13 15:10 | Report Abuse

Mr OTB, Thank you. I agree good fundamental stock will shine eventually. Even YTLP was hovering at 70 sen for a while until the fund managers wake up.

Posted by MrFox > 2024-03-13 15:11 | Report Abuse

Was asked the same last year by a friend.
Told him fundamentally good but not moving, thus not buying
Even now still not moving!
Anyway hope will see light at the end of tunnel!!

Posted by EngineeringProfit > 2024-03-13 16:07 | Report Abuse

Go....go.....go.....

Posted by BursaVulture > 2024-03-13 22:19 | Report Abuse

yinson wont fly until they see all 3 fpso get paid... not first oil but cold hard cash paid by the oil co... till then.... need to wait until hair becomes white.

Posted by OTB > 2024-03-13 23:36 | Report Abuse

Posted by BursaVulture > 53 minutes ago | Report Abuse
yinson wont fly until they see all 3 fpso get paid... not first oil but cold hard cash paid by the oil co... till then.... need to wait until hair becomes white.
------------------------------
I believe the aforesaid information given by you is not correct.
Yinson does not need to wait to get paid on all 3 FPSO vessels.
The loan responsibility of Yinson will end when the FPSO stuck oil after delivery of vessel.

The loan that secured for the FPSO Maria Quiteria, Atlanta and Agogo respectively is "a limited recourse loan'.

What is a limited recourse loan ?
Ans : A limited recourse loan, i.e. the creditor seeks to wholly or primarily rely on the cash flows and assets of the project for repayment and security, rather than on Yinson.

Once the FPSO vessel is delivered to the site and find oil, the oil company will pay the service rate according to the agreement.
"The creditor seeks to wholly or primarily rely on the cash flows and assets of the project for repayment and security, rather than on Yinson".

The loan is taken out from financial statement from Yinson, the loan is repaid by the oil company based on charter rate agreed in the agreement.

Hope it explains.
Thank you.

Posted by OTB > 2024-03-13 23:59 |

Post removed.Why?

Posted by Permutation > 2024-03-14 14:40 | Report Abuse

Mr OTB ,
The loans for the FPSO projects will still belong to Yinson even after they find oil. Am I right?
Even though the revenue received from charter service is utilised to service the loan; Ultimately Yinson is still responsible to pay the loan ?

Posted by OTB > 2024-03-14 14:48 | Report Abuse

According to the report from foreign broker, the answer is no if the loan is a limited recourse loan
The oil company will be responsible for the loan.
Please read my previous postings.
Thank you.

Posted by Sslee > 2024-03-14 15:30 | Report Abuse

Limited recourse debt is debt, such as a loan, that gives the creditor the legal right to certain, but not all, of the borrower's assets if the borrower defaults.

Full recourse debt allows creditors to claim any and all of the borrower's assets to fully cover the unpaid portion of a loan.

Non-recourse debt means the creditor can claim only the collateral put up for the loan and nothing else.

Posted by Mabel > 2024-03-14 18:29 | Report Abuse

Very Good Closing for both Mother and WA..

Well Done Yinson!

Posted by EngineeringProfit > 2024-03-14 18:49 | Report Abuse

Yup

Posted by Riaz1954 > 2024-03-15 10:00 | Report Abuse

Very educational info by OTB. Yinson is no doubt a complex business …with very few capable providers. They essentially provide working capital for their clients.

Posted by EngineeringProfit > 2024-03-15 10:01 | Report Abuse

Lai...lai.....lai

Huat ar

Posted by Riaz1954 > 2024-03-15 10:52 | Report Abuse

Big sale triggered after hitting 2.56

Posted by Mabel > 2024-03-15 11:11 | Report Abuse

..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

Posted by Mabel > 2024-03-15 11:23 | Report Abuse

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

Posted by witan > 2024-03-15 12:29 | Report Abuse

Dead cat rebound??? Haishhh

Posted by Vdhawan > 2024-03-15 16:45 | Report Abuse

I'm with Mabel. Its Q4 will be good

Posted by Mabel > 2024-03-15 22:15 | Report Abuse

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

Posted by OTB > 2024-03-15 22:38 | Report Abuse

The total order book of Yinson = USD 22.4 billion or RM 105 billion, it can last until 2048.
The production cost of a FPSO is about USD 10 per barrel.
Even the crude oil price is at USD 80 per barrel, the oil company is laughing all the way to the bank.
The oil company wants the FPSO vessel urgently.
The FPSOs Maria Quitera and Atlanta will be delivered in the mid of 2024.
Once they find oil, Yinson will charge the chartered rate, the editda of a FPSO is about 40% of the revenue.

1.) FPSO Maria Quitéria. Brazil. 100% stake.
https://www.theedgemarkets.com/article/yinson-lands-fpso-contracts-worth-us52-billion-brazil
Contract value = USD 5.2 billion. 22.5 years firm.
Start operation in mid-2024.
Annual (charter rate) revenue = USD 5200 million/22.5 = USD 231.11 million = RM 1.086 billion (1 USD = RM 4.70)
PBT (40% of revenue) = 434.40 million
PAT (37% tax) = 273.67 million

2.) FPSO Atlanta. Brazil. 100% stake.
https://www.oedigital.com/news/494478-malaysia-s-yinson-brazil-s-enauta-pen-firm-contracts-for-atlanta-field-fpso
Contract value = USD 1.9 billion. 15 years firm and with option to extend 5 years.
Start operation in mid-2024.
Annual (charter rate) revenue = USD 1900 million/15 = USD 126.67 million = RM 595.35 million (1 USD = RM 4.70)
PBT (40% of revenue) = 238.14 million
PAT (37% tax) = 150.03 million

The PAT of these 2 FPSOs is RM 424 million per year.
Hope that the share price of Yinson will perform well in 2024.
Good luck.
Thank you.

Posted by Mabel > 2024-03-15 22:59 | Report Abuse

Thank you so much OTB Dear!

Always love reading your sharing..

To Our Success!

Meow