YINSON HOLDINGS BHD

KLSE (MYR): YINSON (7293)

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Last Price

2.39

Today's Change

-0.01 (0.42%)

Day's Change

2.39 - 2.40

Trading Volume

2,294,700


5 people like this.

4,207 comment(s). Last comment by Jonathan168138 17 hours ago

Riaz1954

1,260 posts

Posted by Riaz1954 > 1 month ago | Report Abuse

The problem is epf they effectively control the price so they milk it …that’s why they buy and sell and make a margin from variations in price without actually seeing the price grow….this is pretty much true of the bursa where epf have invested…..that’s is the conclusion I am drawing …we need good spread of investors in particular foreign investment

Riaz1954

1,260 posts

Posted by Riaz1954 > 1 month ago | Report Abuse

Couple of positives from PP of shares is that it is cheaper way to fund growth compared to borrowing which reduces profits, and the fact that the shares were not heavily discounted suggests those who prescribed would not have invested if they don’t believe the price will move up and 2.36 should be the floor and we know the profitability will grow rapidly over next 2 -3 years when FPSO come to production and debt is settled…at this point the company may deliver higher dividends in line with of reduction of debt.

8dragon

2,049 posts

Posted by 8dragon > 1 month ago | Report Abuse

Yinson shares will remain @ 2.40-2.60 range for the year as it's movement being controlled and restricted by major shareholders.

Posted by BursaVulture > 1 month ago | Report Abuse

If everything goes according to plan, all FPSO strike first oil and get paid, Yinson stock price will fly. Question is, will it fly before all fpso sail or after all fpso sail and get paid? Because when all fpso strike first oil and get paid, the debt will not be an issue.

A question of if and when. Do you buy and wait? Or wait and then buy? And what if no oil?

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

As Forecast by Sifu OTB..

Yinson Holdings (YINSON) FY2024 net profit surged by 63% to MYR964 million, with revenue jumping to MYR11.65 billion.

In 4Q24, net profit rose by 62.5% to MYR278 million, driven by charter day rate escalation, despite lower EPCIC contributions and higher finance costs.

Quarterly revenue increased to MYR2.70 billion. Earnings per share grew to 8.40 sen from 4.70 sen, with a declared dividend of one sen for the quarter and two sen for the full year.

YINSON cited growing global demand for clean energy, especially in the FPSO market. Despite market uncertainties, it remains committed to sustainability and expects satisfactory results for FY2025.

Well done Yinson got Dividend some more..

Meow Meow Meow

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

*We expect record high earnings in FY25-26E for Yinson*!

We expect Yinson’s upcoming 1QFY25 to be flattish QoQ as EPCIC contribution from FPSO MQ and FPSO Atlanta could be somewhat weak as their construction progress reaches their tail-end, but offset by:
i) ramping up of construction profits from FPSO Agogo; and
ii) ii) continued contribution from its Nokh project. However, we believe that earnings will reach new heights as both FPSO MQ and FPSO Atlanta achieve first-oil and Yinson starts recognising bare boat charter (BBC) in FY25-26E. We note that FPSO MQ and Atlanta are on track for delivery in 2024.
iii) The FPSO market is buoyant with an estimated 60 FPSO awards over the next 5 years (2024-2028) with a total addressable market value of USD96b, of which USD13b would be mid-sized (50-200k boepd). Yinson has guided that it would be looking for new jobs in the mid-sized segment (projects that are bankable with high upfront payment from end-client) and we highlight that the group is a preferred builder due to its strong track record and has proven its ability to deliver and to raise financing

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

Private placement exercise

On 20 March 2024, Yinson announced a primary private placement exercise, which entails the issuance of 120m new shares, representing approximately 4.1% of its total outstanding shares. The total gross proceeds of MYR283.2m are intended to be utilised

It is proposed that up to RM281.4 million of the proceeds of the Private Placement will be used to fund Project Matarani. On 30 January 2024, Yinson has completed the acquisition of GR Cortarrama, which owns the 97 MWp Matarani Solar Project in Peru (“Project Matarani”) from Grenergy Renewables, an international independent power producer, developer, and engineering, procurement, and construction (“EPC”) company from Latin America for USD25m.

Project Matarani is located in the Mollendo desert in the Arequipa region and most of the project’s energy has been contracted through a power purchase agreement (“PPA”) with a bankable off-taker for the next 15 years. Once in operation, Project Matarani will inject about 260 GWh of renewable energy into the Peruvian grid annually.

Project Matarani is currently under construction and is expected to enter commercial operation by the end of 2024 with the percentage completion to-date of approximately 50%. The total project cost for Project Matarani (including the Acquisition) is approximately USD98m of which approximately 50% (USD49m) has been spent. The remaining 50% of the project cost is expected to be funded from the proceeds of the Private Placement. The remaining MYR49.2m of the proceeds could be utilised for any other unforeseen costs.

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

https://mkefactsettd.maybank-ke.com/PDFS/372312.pdf

Source: Mabel Tiger Bank

yewnamhung

249 posts

Posted by yewnamhung > 1 month ago | Report Abuse

Keep buy ~~~

Vdhawan

92 posts

Posted by Vdhawan > 1 month ago | Report Abuse

Good good, Mabel Tiger Bank gave RM4.78 for Yinson's TP

8dragon

2,049 posts

Posted by 8dragon > 1 month ago | Report Abuse

Hahaha.....🤣🤣

8dragon

2,049 posts

Posted by 8dragon > 1 month ago | Report Abuse

Another Serba Dinamik in the making.. with billions of billions of contracts, finally classified under PN17 because co incurring unsettled heavy debt.

nikicheong

2,373 posts

Posted by nikicheong > 1 month ago | Report Abuse

Can somebody share the CIMB Research report on Yinson please.

Thanks!

witan

774 posts

Posted by witan > 1 month ago | Report Abuse

CIMB target price on Yinson

https://theedgemalaysia.com/node/705739

nikicheong

2,373 posts

Posted by nikicheong > 1 month ago | Report Abuse

Full CIMB report if anyone has, that'd be much appreciated.

hng33

19,868 posts

Posted by hng33 > 1 month ago | Report Abuse

bought yinson at 2.35

Posted by TheProInvestor > 1 month ago | Report Abuse

interesting
CIMB : expects Yinson's FY2025-2026 core net profit to decline

meanwhile,
Maybank: we expect record high earnings in FY25-26E

btw, maybank research has more detailed information, including all the FPSO parts valuation, orderbook and outlook

hng33

19,868 posts

Posted by hng33 > 1 month ago | Report Abuse

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.

Posted by BursaVulture > 1 month ago | Report Abuse

CIMB warrant expires this september at rm2.45. They got to hold the line.

5354_

4,646 posts

Posted by 5354_ > 1 month ago | Report Abuse

Yinson major shareholder buy Icon nobody here aware incl Mabel? Mabel previously I saw you commented in Icon but not lately because already sold?

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

#5354_ Yinson major shareholder buy Icon nobody here aware incl Mabel? Mabel previously I saw you commented in Icon but not lately because already sold?
27/03/2024 9:21 AM

Yes Bro, already sold Icon. It was so Yummy..

Yesterday on the 26 March, YTL Power was shorted over 20 million shares while Yinson over 13 million shares was shorted by the Sharks and Syndicates.

No body touches Lady Sapura yesterday. That’s why our Lady can climb 25% yesterday despite poor performances...

Captain Mabel Meow

Posted by EngineeringProfit > 1 month ago | Report Abuse

RUNNNNNNNNNNNNNNNN...........................The emperor has no clothes!! The emperor has no clothes!!

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

Malaysian government-linked private equity firm Ekuiti Nasional (Ekuinas) said Tuesday it has sold a 50.2% stake in oil and gas services company Icon Offshore
to Liannex Maritime for 172.7 million ringgit ($36.61 million) in cash.

The sale reduced Ekuinas' stake in ICON to 5.8%, it said in a statement. It added that it had recorded cumulative gains of over 500 million ringgit over the more than 10 years it has been invested in ICON.

Liannex is owned by Lim Han Weng, chairman and major shareholder of Malaysian energy infrastructure company Yinson Holdings
YINSON, according to the statement.

Posted by nelsonlimpy > 1 month ago | Report Abuse

2.31, cheaper than PP😅

Vdhawan

92 posts

Posted by Vdhawan > 1 month ago | Report Abuse

it will be pushed up higher than pp price later 😬

Posted by EngineeringProfit > 1 month ago | Report Abuse

RUNNNNNNNNNNNNNNNN...........................The emperor has no clothes!! The emperor has no clothes!!

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

Meanwhile Market does not take it positive about Malaysian government-linked private equity firm Ekuiti Nasional (Ekuinas) news that it sold a 50.2% stake in oil and gas services company Icon Offshore to Liannex Maritime for 172.7 million ringgit ($36.61 million) in cash.

Liannex is owned by Lim Han Weng, chairman and major shareholder of Malaysian energy infrastructure company Yinson Holdings YINSON

5354_

4,646 posts

Posted by 5354_ > 1 month ago | Report Abuse

Icon still cheaper than Yinson Mabel don't think so? Perhaps Yinson boss Lim Han Weng still want to be richer so buy Icon is 1 way for him to be richer?

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

Yes Sir..

Singaporean trading and logistics firm Liannex Corporation (S) Pte Ltd is the ultimate offeror in the takeover offer. It also serves as a private vehicle for Lim Han Weng and his spouse Bah Kim Lian, who are the parties acting in concert, according to Icon Offshore's exchange filing on Tuesday.

Lim is the group executive chairman at Yinson, a floating production storage and offloading vessel (FPSO) and OSV provider, with a 23% indirect shareholding and a 1.5% direct stake in the company.

He acquired the 50.2% stake in Icon Offshore from Ekuiti Nasional Bhd, the state-owned private equity firm also known as Ekuinas.

Posted by diuleiloumei > 1 month ago | Report Abuse

Fund raising, fcpo tp 2.94 only. Run!!

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

Following the 50.2% acquisition, Lim through Liannex also extended its offer to acquire the remaining shares it does not own, consisting of a cash offer of 63.5 sen for a 49.8% stake in Icon Offshore and 100% of its warrants or 130.90 million warrants for 0.1 sen.

The 63.5 sen offer price represents a discount of 13% to Icon Offshore’s closing price of 73 sen on Tuesday. Its 0.1 sen offer price for warrants showed a massive discount of over 99% from its warrants' closing price of 17.5 sen on the same day.

The new shareholder intends to maintain Icon Offshore’s listing status.

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

Notably, Ekuinas has held the majority stake in Icon Offshore for over a decade, since its investment in 2012. It is stated in Icon Offshore’s 2023 annual report that Ekuinas has a total of 56.03% stake in Icon Offshore via Hallmark Odyssey Sdn Bhd as at March 30, 2023.

Following the transaction, Ekuinas' shareholding in Icon Offshore is set to reduce to about 5.83%.

In a separate statement, Ekuinas chief executive officer Syed Yasir Arafat Syed Abd Kadir said that the private equity firm has made a cumulative realised gain of over RM500 million, derived throughout Ekuinas’ holding period of more than 10 years.

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

The transaction places Ekuinas as one of the few investors within the O&G sector to successfully realise its investment, Syed Yasir Arafat added.

“With the investor’s track record and financial stability in the O&G industry, we consider the transaction to be a win-win opportunity, mutually beneficial for both Ekuinas and Icon Offshore shareholders.

“This strategic divestiture is certainly a reflection of our commitment to maximise shareholder value and one that leaves Icon Offshore in capable hands to chart their next level of growth,” he added.

Icon Offshore has established itself as an OSV provider in Malaysia and Southeast Asia that primarily serves the Malaysian and Bruneian coasts with a total of 19 active OSVs.

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

In FY2023, it recorded an active utilisation rate of 75%, with an estimated orderbook of over RM300 million.

For the full-year of FY2023 (FY2023), Icon Offshore’s net profit plunged 97.13% to RM4.86 million, from RM168.92 million in FY2022, while revenue dropped 29.52% to RM199.79 million, from RM283.48 million during the same period.

The weaker earnings were mainly due to a decline in gain on disposal of property, plant and equipment of 99.68% in FY2023 at RM649,861, compared to RM206.33 million in FY2022.

In 2022, Icon Offshore disposed of its sole jack-up rig to Saudi Arabia-based ADES Arabia Holding for RM381.65 million, which resulted in a gain of disposal of RM196.3 million, significantly boosting the group’s financial performance in FY2022.

On Tuesday, Icon Offshore’ share price closed up 3.5 sen or 5% to 73 sen, bringing the group a market capitalisation of RM395 million. Year to date, the stock has gained 28%

Yinson’s share price settled eight sen or 3.3% lower at RM2.35 for a market capitalisation of RM7.2 billion.

Source: The Edge

5354_

4,646 posts

Posted by 5354_ > 1 month ago | Report Abuse

Lim Han Weng(Yinson boss) buy Icon he need cash. Is the cash raised by selling Yinson?

Posted by diuleiloumei > 3 hours ago | Report Abuse

Fund raising, fcpo tp 2.94 only. Run!!

5354_

4,646 posts

Posted by 5354_ > 1 month ago | Report Abuse

Yinson dividend only 2 sen compare to Icon 5 sen. No wonder Lim Han Weng bought Icon.

Posted by diuleiloumei > 1 month ago | Report Abuse

Knn good qr but drop like waterfall

5354_

4,646 posts

Posted by 5354_ > 1 month ago | Report Abuse

Rebound today. EPF like to buy Yinson any1 here know why?

Mabel

23,298 posts

Posted by Mabel > 1 month ago | Report Abuse

Yinson good company..

Posted by BursaVulture > 1 month ago | Report Abuse

yinson green invested in some EV offshore vessel, maybe they buy icon so that yinson green can deploy their EV vessel via Icon, and from there, hopefully to the world.

Posted by BursaVulture > 1 month ago | Report Abuse

looks like OTB left yinson...

Posted by Raymond Tiruchelvam > 1 month ago | Report Abuse

looks like the market settled yinson price for the day and week at 2.36 exactly at the price of the private placement.... just goes to show market can do exactly what the shareholders do .... peace and heere is to a smooth ride ahead

Posted by Raymond Tiruchelvam > 1 month ago | Report Abuse

BursaVenture.... OTB is still very much in yinson.... not mother but WA.... peace to that too

Posted by BursaVulture > 1 month ago | Report Abuse

I see... WA gives higher return if Yinson fly. Makes sense. Oh well, until all 3 FPSO sails and yinson slowly pair down their debt, then maybe can fly.....

Posted by Raymond Tiruchelvam > 1 month ago | Report Abuse

WA will give higher return yes .... but loses out on div which is at 9.05%.... tit for tat... but yinson is a good counter nevertheless, as it has the highest secured book order than any company in bursa or elsewhere :-) peace

Posted by Raymond Tiruchelvam > 1 month ago | Report Abuse

sorry correction div yield at 1.2% and PE at 7.8

Posted by diuleiloumei > 1 month ago | Report Abuse

Good also he left, he also sangkut at ytlpower. This stock will fly without him

Posted by BursaVulture > 1 month ago | Report Abuse

he stuck at ytlp? i thought he bought last year, he must be in the green for ytlp.

sultan

18 posts

Posted by sultan > 1 month ago | Report Abuse

The boss of Yinson is Lim Han Weng. His wife is Bah Kim Lian. He has three sons (Lim Chern Yuan, Lim Chern Chuen, Lim Chern Wooi) and one daughter (Lim Chern Fang).

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