Posted by holihom > 2024-05-12 14:52 | Report Abuse

Found another website, debt 16b, assets 23.b YINSON's
Short term assets (MYR4.9B) exceed its short term liabilities (MYR4.7B).
Short term assets (MYR4.9B) do not cover its long term liabilities (MYR16.1B).

Posted by OTB > 2024-05-12 15:07 | Report Abuse

Posted by holihom > 1 minute ago | Report Abuse

Found another website, debt 16b, assets 23.b YINSON's
Short term assets (MYR4.9B) exceed its short term liabilities (MYR4.7B).
Short term assets (MYR4.9B) do not cover its long term liabilities (MYR16.1B).
------------------
Yes.
You are very right.
According to all analysts, the debt is not high.
All FPSO operators in the world have high debts because it is the nature of FPSO business.
One FPSO vessel costs USD 1 to 2 billion to be built.
4 FPSOs cost about USD 6-8 billion, hence the assets are still higher than liabilities.
Yinson is the best FPSO builder in the world, high quality standard and always build FPSO ahead of schedule.
FPSOs MQ and Atlanta are 6 months ahead of schedule.

Thank you.

Posted by OTB > 2024-05-12 15:11 | Report Abuse

To be fair, those readers followed my recommendation since 2013 until today, they should make million from KLSE.
I am not joking here, I talked with true facts. I have all the records of the gain.
All my wealth I made it from KLSE from 2012 until today.
I lost money in 2018 and 2022 only.

A few outstanding stocks stated below.
1.) VSI - The share price went up from 2.40 to 18.00 in less than 2 years. I helped Mr Koon to make a few hundred millions from this stock.
2.) Dayang - The share price went up from 0.90 to 3.20 in less than 1 year.
3.) Supermx - I recommended it at 3.60, the share price went up to a high of 24.50 in less than 4 months. More than 100 readers in I3 become millionaires because of my promotion.
4.) YTLPower - I recommended it at 1.10, the share price is at 4.80 now. Many readers in YTLPower also become millionaires.

I agreed I made a big mistake to recommend Hengyuan in 2022.
It caused many readers here lost a lot of money.

Overall, my performance is still considered as good because there are more gains than losses.
Thank you.

Posted by OTB > 2024-05-12 15:21 |

Post removed.Why?

Posted by OTB > 2024-05-12 16:28 | Report Abuse

Posted by OTB > 3 weeks ago | Report Abuse

Dear Sslee, 3iii

I3 do you know what are the gross and net profit margin during construction and operation period?
Ans :
The gross profit during construction period = 7.6%.
The gross profit during Operation period = 39.6%.

The below information is extracted from Q4 2024 results.
ROIC = 14.13%.
ROE = 17.69%.
Earning yield = 12.31%.
EPS = 0.315
PER = 7.46.
EV/EBIT = 8.12
Net profit margin (Net profit/sales) = 8.28%
Cash flow from CFFO = -2,881,000
Free cash flow = -3,191.000.
Net debt = 13,362,000
Interest coverage = 2.760.

High debt and negative cash flow are the real reasons that Yinson cannot perform.
I have all figures to show.

Thank you.

Posted by OTB > 2024-05-12 16:32 | Report Abuse

Posted by Jeffrey > 40 minutes ago | Report Abuse

I'm talking about true facts you said I copied from OTB?

Did OTB highlight the risks on this counter? Show here!
--------------------------
Posted by OTB > 3 weeks ago | Report Abuse

Dear Sslee, 3iii

I3 do you know what are the gross and net profit margin during construction and operation period?
Ans :
The gross profit during construction period = 7.6%.
The gross profit during Operation period = 39.6%.

The below information is extracted from Q4 2024 results.
ROIC = 14.13%.
ROE = 17.69%.
Earning yield = 12.31%.
EPS = 0.315
PER = 7.46.
EV/EBIT = 8.12
Net profit margin (Net profit/sales) = 8.28%
Cash flow from CFFO = -2,881,000
Free cash flow = -3,191.000.
Net debt = 13,362,000
Interest coverage = 2.760.

High debt and negative cash flow are the real reasons that Yinson cannot perform.
I have all figures to show.

Thank you.
---------------------------
Felix,
Fxxk you.
Please get out from this forum.
Please do your homework before you can challenge me.
Please get lost from this forum.
Thank you.

Posted by OTB > 2024-05-12 16:54 | Report Abuse

I use my real name.
I talk with facts and figures.
I did not tell any lie in I3.
I do not attack anyone in I3.
I do not badmouth any stock in I3.
I have a thin skin, I do not allow anyone here to say that I tell lies in I3.
It is my code of ethic here.
Thank you.

Posted by Permutation > 2024-05-12 16:55 | Report Abuse

@OTB "I am just sharing my knowledge here, I am not promoting Yinson here.
I own zero share of Yinson."

Mr OTB, you sold all your Yinson? News to me. I thought you might keep until 2026 to reap hugh returns.

If all goes well, the negative free cash flow could turn positive free cash flow in 2026.
Yinson is like a company making hugh profit but has no money. sad.

Posted by Raymond Tiruchelvam > 2024-05-12 17:50 | Report Abuse

Dear everyone.... I believe the discontent among many is because of teh lack of understanding of FPSO business and also how revenue recognition is undertaken in Yinson books. This is what happens when lay person assume all companies to be the same in nature, when they are not. In all truth, from an accounting perspective yinson is just like a property developer but with very very high risk. Their revenue is generated from from actual cash received, but based on percentage of contract completion and billings. Has anyone read the revenue recognition policy of Yinson?? Here is an extract "....A five-step process is applied before revenue can be recognised:
Step 1: Identify contracts with customers;
Step 2: Identify the separate performance obligations;
Step 3: Determine the transaction price of the contract;
Step 4: Allocate the transaction price to each of the separate performance obligations; and
Step 5: Recognise the revenue as each performance obligation is satisfied."
There you go...... so please understand that profits reported by yinson is not yet fully translated to cash.... it will be translated but at future date..... when project completed and REAL billing starts. This also clearly evidenced by teh negative operating cashflow from operations, meaning there is outlay for capital expenditure but not compensated against equal inflow from project completion actual billing. Im not sure if Im making sense or just confusing you..... bottom line is that risk is still high at yinson for now, as it has not cleared some basic hurdles. Those who are confident that the hurdles will all be cleared can invest now .... and hope once all hurdles cleared then can reap the benefits. So its up to you .... but you will need a longer holding power with nothing to recognise in near term.... does this fulfill your appetite? Ask yourself this question..... p/s : me personally i play with yinson WA, little down i buy then 2-3c up i sell.... 3c is like 8% margin, and then repeat the process, within weeks can make some coffee money loh :-) peace.... i followed OTB advice on buying into WA... long time more to expire

Posted by Jeffrey > 2024-05-12 18:33 |

Post removed.Why?

Posted by Sslee > 2024-05-12 18:44 | Report Abuse

Repost:

FYE 2024 Yinson Production Operations results overview (YoY)
Revenue PAT

YTD Q4 FYE 2023
(RM’ mil)
YTD Q4FYE 2024
(RM’ mil)
Variance (RM’ mil)
Revenue 1,631: 2,279 : 648
Gross Profit 951: 1,480: 529
EBITDA 1,162: 1,643: 481
PAT 576 :776: 200
PATAMI 498: 628 :130

The PAT margin is 776/2279 about 34%


FYE2024 Yinson Production EPCIC results overview (YoY)
YTD Q4
FYE 2023
(RM’ mil)
YTD Q4
FYE 2024
(RM’ mil)
Variance
(RM’ mil)
Revenue 4,561 9,220 4,659
Gross Profit 813 1,440 627
EBITDA 792 1,441 649
PAT 340 682 342
PATAMI 401 648 247

During FPSO contruction EPCIC result. After FPSO delivered and acceptance then it is Production Operations results

Posted by Sslee > 2024-05-12 19:06 | Report Abuse

Repost:
When you tender and received contract to build FSPO for client long term lease you then borrow money (many billions) to build the FSPO. The borrowing is recorded as liabiliaties.
On the assets side during FSPO contruction period the asset is recorded as contract asset and when FPSO delivered to client and on production state it is recorded as finance lease receivables.


Building a new FPSO costs approximately US$ 2.5 Bn to US$ 3 Bn. However, the cost of conversion of an oil tanker is approximately between US$ 1.5 Bn and US$ 2 Bn

Posted by OTB > 2024-05-12 20:04 | Report Abuse

I never see any person like Felix is so thick skin.
Let people curse and scold, still has thick skin to tell lies here.
Do not know, do your homework.
Talk with facts and figures.
No one here is to con readers here.
I use my name all the time, I account for every sentence I said.

Posted by Jeffrey > 2024-05-12 20:05 | Report Abuse

16 bill debt as of last quarter report. This quarter taken another 1.2 + 0.5 billion of debt. Don't forget that 1.7b perpetual bond sitting at Equity in the balance sheet which also a debts. Total debts up to date should be 19.4 billion.
I `m talking about real facts not fun facts.

Yinson’s RM16bil debt too big to ignore


https://www.klsescreener.com/v2/news/view/1323355

In the last five financial years, Yinson’s debt level has ballooned by more than four-fold.

IT is no secret that Yinson Holdings Bhd has been piling on borrowings to fund its projects, but with total debt crossing RM16bil or more than double its market capitalisation, the indebtedness issue has become too glaring for shareholders to ignore.

The fact that the group sits on negative operating cash flow and that nearly 90% of its debt is US dollar-denominated have also added further concern.

Posted by OTB > 2024-05-12 20:14 | Report Abuse

Felix,
A good person will not behave that low class.
Simply tell lies about me.
Let many people here to fxxk you all the time, still has thick skin to tell lies after lies.
You deserve to be knocked down by car.
I will continue to curse you non-stop.

Posted by OTB > 2024-05-12 20:16 |

Post removed.Why?

Posted by OTB > 2024-05-12 20:23 |

Post removed.Why?

Posted by OTB > 2024-05-12 20:32 | Report Abuse

Posted by Sslee > 1 hour ago | Report Abuse

Repost:
When you tender and received contract to build FSPO for client long term lease you then borrow money (many billions) to build the FSPO. The borrowing is recorded as liabilities.
On the assets side during FSPO construction period the asset is recorded as contract asset and when FPSO delivered to client and on production state it is recorded as finance lease receivables.
---------------------------
At least you know the facts.

Posted by OTB > 2024-05-12 20:32 | Report Abuse

This mad lady does not know head or tail, simply bullshit and find fault on me.
I have cleared all my postings before to avoid confrontation.
Still continue to attack me and badmouth me, think that I am scared of her.
She deserved many people in I3 to Fxxk her and curse her.
What type of manner a person has ?
So low class for a lady.
Use many id to cheat.

Posted by sultan > 2024-05-13 11:20 | Report Abuse

What had happened?

Posted by BursaVulture > 2024-05-13 12:47 | Report Abuse

FelixPonndann... are you the UlarSawa guy from TopGlove? because you sure sound like him. just wondering.

Posted by BursaVulture > 2024-05-13 12:47 | Report Abuse

Chill bro, everybody can say what they want. dont need to get angry.

Posted by Raymond Tiruchelvam > 2024-05-13 13:04 | Report Abuse

why did lim chern wooi resign from yinson? isnt he the 2nd son of the main shareholder?

Posted by BursaVulture > 2024-05-13 13:29 | Report Abuse

@Raymond Tiruchelvam

probably move to ICON, their family just became majority shareholder. And it fits his profile, he was in charge of OSV or something similiar at Yinson. ICON is more or less the same with his portfolio in Yinson.

Posted by 5354_ > 2024-05-13 14:10 | Report Abuse

Icon 76.5 sen vs Yinson RM 2.39 which is cheaper hence better buy?

Posted by OTB > 2024-05-13 14:31 | Report Abuse

FelixPonndann

Calling Jeffrey @ Jeffrey the IDs Felix888999 is currently using.
Jeffrey is really a CHARBORHENG or PON DAN in hokkienn language
Yesterday was so BRAVE to challenge SIFU OOI with LIES and RUBBISH about Yinson..
Jeffrey is BOH L AN HOOT in hokkien or in malay tak ber bola or in ENGLISH a coward.
Barking up the wrong tree against a sifu who has no relation with us bangkala cafe workers.
Remember we were invited by ULAR SAW to TANAM felix hidup hidup as he was a referee in YTLP..Unless ULAR SAWA says otherwise..Felix days will be happy.
The lastest news is Jeffrey wife is in hospital KNOCKED DOWN BY A CAR
P/S Felix888999 is a MAN..we have hacked his computer and have all his personal info
-------------------------
This Felix or Jeffrey attacked me all the time because he/she think that I am related to FelixPonndann.
This Felix is barking on the wrong tree.
I have explained many times I have no relationship with FelixPonndann.
I do not know FelixPonndann.
Likewise, TanDavid also has no relation with FelixPonndann.

I never attack anyone in I3. Show proof if you can find any.
I am not interested to quarrel with anyone in I3.
Please do not quote me as a conman, I will fight you hard to the expense of losing everything.
I never cheat a single cent from any reader in I3.

Hope it is the last article to clear the doubt.
A naysayer will never do well in his/her investment.
Please behave yourself.
Thank you.

Posted by Jeffrey > 2024-05-13 19:55 |

Post removed.Why?

Posted by Bullrun18 > 2024-05-13 19:59 | Report Abuse

Yinson announces management change in Regulus Offshore

Posted Date: 10 May, 2024

Liaw Thong Jung appointed as the Chief Executive Officer at Regulus Offshore, effective 10 May 2024.
He succeeds Lim Chern Wooi, who resigned as Chief Executive Officer, effective on the same date.
Yinson wishes to announce the appointment of Liaw Thong Jung as Chief Executive Officer (CEO) of Regulus Offshore, the Group’s offshore marine business.

As CEO, Liaw will lead Regulus Offshore’s overall strategic planning and operations, ensuring the business continues to meet its objectives and deliver stakeholder value. He also holds the position of Chief of Staff at Yinson, which will facilitate additional synergies to propel Regulus Offshore further as a key player in the Malaysian offshore marine market. Liaw has more than two decades of experience in the financial services market focusing on the offshore oil & gas and energy sectors, where he was a highly ranked, award-winning equity analyst.

Liaw succeeds Lim Chern Wooi, who has resigned as Chief Executive Officer of Regulus Offshore effective 10 May 2024. Chern Wooi also relinquishes his position as member of the Senior Management at Yinson, a position he has held since 3 January 2014.

Yinson Group Chief Executive Officer Lim Chern Yuan commented on the appointment, “My heartiest congratulations to Liaw, whose extensive experience in the offshore segment will be invaluable to the continued growth trajectory of Regulus Offshore. Sincere appreciation as well to Chern Wooi, whose leadership has been instrumental in enhancing Regulus Offshore’s operational, environmental, and safety performance track record to become a key player in the offshore marine segment in Malaysia. The Senior Management and everyone at Yinson wish him all the best in his future endeavours.”

Posted by Jeffrey > 2024-05-13 20:04 |

Post removed.Why?

Posted by Vdhawan > 2024-05-13 20:30 | Report Abuse

Be your own sifu. Your money, your power to buy stocks

Posted by Jeffrey > 2024-05-13 20:38 | Report Abuse

I never follow any sifu, I made money from stock market my own way and my own style.

Posted by Raymond Tiruchelvam > 2024-05-13 21:03 | Report Abuse

@BursaVulture .... thanks for the feedback on reshuffling of lims at yinson and icon.... waaaah wish i had a dad like this .... can switch as CEO from one to another :-) peace

Posted by OTB > 2024-05-13 22:05 | Report Abuse

Posted by Jeffrey > 2 hours ago | Report Abuse

OTB you said "I NEVER attack anyone in I3". Do you understand what is NEVER? Mana you sekolah?
-----------------------
I will never attack anyone in I3.
I will counter attack if you attack me first.
I will never attack anyone in I3 ... I repeat ... Very clear.

If you said I am a conman, I will fxxk you.
I never cheat any single cent from any reader in I3.

I do not wish to quarrel with anyone in I3.

I am not in anyway related to FelixPonndann.
I repeat ... I do not know who is FelixPonndann.

Thank you.

Posted by OTB > 2024-05-13 22:22 |

Post removed.Why?

Posted by Jeffrey > 2024-05-13 22:30 |

Post removed.Why?

Posted by Jeffrey > 2024-05-13 22:31 |

Post removed.Why?

Posted by Jeffrey > 2024-05-13 22:36 |

Post removed.Why?

Posted by Zhuge_Liang > 2024-05-14 10:02 | Report Abuse

Posted by dragon328 > 21 minutes ago | Report Abuse

Patience rewards.

Macquarie research initiates coverage on YTL Power today with a BUY call and target price of RM7.30.

This is the highest among all analysts' tp

Posted by Zhuge_Liang > 2024-05-15 00:32 | Report Abuse

OTB and dragon328 have done a good deed in I3, they are bless with good karma.

Posted by edwing9981 > 2024-05-15 08:27 |

Post removed.Why?

Posted by OTB > 2024-05-15 09:16 |

Post removed.Why?

Posted by OTB > 2024-05-15 09:25 | Report Abuse

No candle loses its light while lighting another candle.
Never stop sharing, caring and helping others, because it makes our life more meaningful.
Thank you.

Posted by 8dragon > 2024-05-16 15:06 | Report Abuse

Since this is a dull place to stay any longer, why not go to places that can give good return for your investment.

Posted by Bullrun18 > 2024-05-16 17:42 | Report Abuse

这里是一个投资交流平台而不是讓人吵架的地方，要吵請到别的地方吵到天亮没人打理你们！

Posted by Vdhawan > 2024-05-16 20:26 | Report Abuse

I agree with Bullrun18. We share information here, not spat

Posted by Jonathan168138 > 2024-05-17 21:59 |

Post removed.Why?

Posted by Sslee > 2024-05-18 21:05 | Report Abuse

May 16, 2024, by Melisa Čavčić
A floating production, storage, and offloading (FPSO) vessel has come to Brazil, where anchoring operations are in progress to enable the unit to work at an oil field in the Santos Basin.

FPSO Atlanta; Source: Yinson Production
According to Brazil’s Enauta, the FPSO Atlanta arrived at the Atlanta field in the Santos Basin on May 11, 2024, as planned. Following inspection and clearance by authorities, the vessel started its anchoring operation, with activities progressing in line with the first oil target.

With the capacity to process 50,000 barrels of oil per day, and 140,000 barrels of water per day, the FPSO Atlanta can store 1.6 million barrels of oil and is chartered and operated by Malaysia’s Yinson Production.

Following the FPSO’s naming ceremony at the Dubai Drydocks World in December 2023, the vessel left the shipyard in March 2024, crossing oceans while making its way to Brazil. The first oil is slated for August 2024, with six wells online, reaching ten wells in 2029.

Posted by Raymond Tiruchelvam > 2024-05-18 21:47 | Report Abuse

Net operating cashflow for YE Jan 2024 was -RM1.3b and Jan 2024 was -RM2.9b .... this is taken off the financial statements, when the operating cashflow turns positive...... its the time to enter yinson....need confirmation from management when this will happen .... peace

Posted by Bullrun18 > 2024-05-19 08:25 | Report Abuse

Yinson Production’s third Brazil-bound FPSO is on its way to South America (Gallery)

https://www.offshore-energy.biz/yinson-productions-third-brazil-bound-fpso-is-on-its-way-to-south-america-gallery/

Posted by Bullrun18 > 2024-05-19 08:33 | Report Abuse

The FPSO Maria Quitéria, which is expected to be ready for operation at the third quarter of 2024, will have a production capacity of 100,000 barrels of oil and five million Sm3 of gas per day. This is Yinson’s second project award with Petrobras and its third project award in Brazil, in line with the group’s plans to expand its presence in this country.