YINSON HOLDINGS BHD

KLSE (MYR): YINSON (7293)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

2.38

Today's Change

+0.01 (0.42%)

Day's Change

2.34 - 2.38

Trading Volume

2,360,300


5 people like this.

3,942 comment(s). Last comment by mf 10 hours ago

DickyMe

14,318 posts

Posted by DickyMe > 1 month ago | Report Abuse

RM 1.50 coming soon!

8dragon

2,024 posts

Posted by 8dragon > 1 month ago | Report Abuse

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

Mabel

23,156 posts

Posted by Mabel > 1 month ago | 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..

Mabel

23,156 posts

Posted by Mabel > 1 month ago | Report Abuse

Most of the buyers are institutional investors..

Vdhawan

71 posts

Posted by Vdhawan > 1 month ago | Report Abuse

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

8dragon

2,024 posts

Posted by 8dragon > 1 month ago | 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 > 1 month ago | 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.

tt101

1,298 posts

Posted by tt101 > 1 month ago | Report Abuse

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

UncleFollower

1,111 posts

Posted by UncleFollower > 1 month ago | 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 > 1 month ago | 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.

OTB

11,002 posts

Posted by OTB > 1 month ago | 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.

Vdhawan

71 posts

Posted by Vdhawan > 1 month ago | Report Abuse

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

Posted by Permutation > 1 month ago | Report Abuse

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

UncleFollower

1,111 posts

Posted by UncleFollower > 1 month ago | 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

UncleFollower

1,111 posts

Posted by UncleFollower > 1 month ago | Report Abuse

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

Posted by EngineeringProfit > 1 month ago | Report Abuse

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

Mabel

23,156 posts

Posted by Mabel > 1 month ago | 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 > 1 month ago | Report Abuse

Lai....lai....lai

Big or small?

Mabel

23,156 posts

Posted by Mabel > 1 month ago | Report Abuse

See today up oledi..

Hope this counter is not another Yo Yo counter like YTLPOWER

Meow Meow Meow

Posted by EngineeringProfit > 1 month ago | Report Abuse

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

Riaz1954

1,218 posts

Posted by Riaz1954 > 1 month ago | Report Abuse

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

Posted by EngineeringProfit > 1 month ago | Report Abuse

Lai....lai....lai

Big long green candle or not?

Vdhawan

71 posts

Posted by Vdhawan > 1 month ago | 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

OTB

11,002 posts

Posted by OTB > 1 month ago |

Post removed.Why?

OTB

11,002 posts

Posted by OTB > 1 month ago | 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 > 1 month ago | 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 > 1 month ago | Report Abuse

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

OTB

11,002 posts

Posted by OTB > 1 month ago | 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 > 1 month ago | 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.

MrFox

992 posts

Posted by MrFox > 1 month ago | 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 > 1 month ago | Report Abuse

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

Posted by BursaVulture > 1 month 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.

OTB

11,002 posts

Posted by OTB > 1 month ago | 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.

OTB

11,002 posts

Posted by OTB > 1 month ago |

Post removed.Why?

Posted by Permutation > 1 month ago | 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 ?

OTB

11,002 posts

Posted by OTB > 1 month ago | 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.

Sslee

4,562 posts

Posted by Sslee > 1 month ago | 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.

Mabel

23,156 posts

Posted by Mabel > 1 month ago | Report Abuse

Very Good Closing for both Mother and WA..

Well Done Yinson!

Posted by EngineeringProfit > 1 month ago | Report Abuse

Yup

Riaz1954

1,218 posts

Posted by Riaz1954 > 1 month ago | 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 > 1 month ago | Report Abuse

Lai...lai.....lai

Huat ar

Riaz1954

1,218 posts

Posted by Riaz1954 > 1 month ago | Report Abuse

Big sale triggered after hitting 2.56

Mabel

23,156 posts

Posted by Mabel > 1 month ago | 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

Mabel

23,156 posts

Posted by Mabel > 1 month ago | 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

witan

770 posts

Posted by witan > 1 month ago | Report Abuse

Dead cat rebound??? Haishhh

Vdhawan

71 posts

Posted by Vdhawan > 1 month ago | Report Abuse

I'm with Mabel. Its Q4 will be good

Mabel

23,156 posts

Posted by Mabel > 1 month ago | 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

OTB

11,002 posts

Posted by OTB > 1 month ago | 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.

Mabel

23,156 posts

Posted by Mabel > 1 month ago | Report Abuse

Thank you so much OTB Dear!

Always love reading your sharing..

To Our Success!

Meow

Vdhawan

71 posts

Posted by Vdhawan > 4 weeks ago | Report Abuse

Thanks for sharing, OTB

Post a Comment