Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho this is very Risky if Debt is keep increasing :

The delivery strengthens Yinson's long-term partnership with Petrobras, Yinson Production chief executive officer Flemming Grønnegaard said.

“We have been steadily growing our operations in Brazil over the past few years, and with FPSO Maria Quitéria joining our fleet, we look forward to further contributing to the country’s energy needs and help drive Brazil’s economic and communities’ growth,” he added.  

The group, via Yinson Production, has nine floating assets including two en-route for delivery, with a total order book of over US$22 billion (RM94.69 billion) lasting until 2048.

Of the two vessels, FPSO Atlanta, which is serving client Enauta, is still awaiting go-ahead for first oil, according to news reports in September. That 50,000-bpd vessel arrived in the Atlanta field offshore Brazil in May, and was initially expected to be commissioned in February this year.

Another FPSO, the 120,000-bpd Agogo for client Azule Energy is expected to be completed by 2025 for commissioning by 2026, according to Yinson's investor presentation. 

Posted by BursaVulture > 2 months ago | Report Abuse

at this stage, the only way for yinson to fly is when they pay down their debt. till then, whatever they do, price not gonna fly. yinson knows this... question is, are they acting on it? or continue to pile in on more debt?

Posted by M3T0123 > 2 months ago | Report Abuse

Never a lazy balance sheet for Yinson

https://theedgemalaysia.com/node/717398

Have a read, Sir John.

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho just call me , John .

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho referring to YTLpower , its share price had been press down over 10 years .. until Net Profit is Surge Up starting Last year :

Current Ratio 2.15
Debt-Equity (DE) Ratio 2.2
FCF Yield 2.42 %
Revenue QoQ 22.9 %
Revenue YoY -10.53%
Profit QoQ 53.49 %
Profit YoY -5.12 %
Profit Margin (Sector Median: 7.6) 15.52 %
ROE (ROIC: 7.21) 18.11 %

Posted by xiaoeh > 2 months ago | Report Abuse

Posted by Johnchew5 > 5 minutes ago | Report Abuse
Hoho just call me , John .

Noted Mike

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho EPF n KWAP multiple fund managers keep rotating acquired n disposed on Yinson SBB .

Posted by M3T0123 > 2 months ago | Report Abuse

John,

Stocks you wish you had bought in September 1998

https://theedgemalaysia.com/node/729393

Another read again.
1. Matter of when you buy(excellent companies at fair price, Charlie Munger)
2. Buy what you understand and hold over period of time(from Peter Lynch)
3. Be patient (WB + Munger).

Sorry, throwing some books again over the chat...

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho must be Yummy on Yinson SBB ..

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho it’s ok , as I said I am learning along the Posts …

As ethical Sifu 3iii said Moat of a stock ..I had posted earlier here Jaks Moat compared to Nestle ( is changing with Time ) ..

Nestle : with High ROE .

Current Ratio 0.61
Debt-Equity (DE) Ratio 4.52
FCF Yield 0.23 %
Revenue QoQ -14.55 %
Revenue YoY -13.0%
Profit QoQ -52.13 %
Profit YoY -48.27 %
Profit Margin (Sector Median: 8.2) 8.44 %
ROE (ROIC: 59.2) 85.93 %
Dividend Per Share (DPS) 268.0 sen
Dividend Yield (DY) 2.57 %

>> only those bought 15 years ago will be benefited the most .

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho or u referred to PBB … just 1000 share 23 years ago Shl made u became a millionaire!

As said is not easy to catch the MOAT of a stock as is changing with Time … I am still learning!

Posted by Sslee > 2 months ago | Report Abuse

Aiyoyo Mike-tikus my pet cat rolling on the floor laughing non stop reading your post Jaks Moat compared to Nestle⁸🤣🤣🤣

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho I am referring to :


The Graham number (or Benjamin Graham's number) measures a stock's fundamental value by taking into account the company's earnings per share (EPS) and book value per share (BVPS). The Graham number is the upper bound of the price range that a defensive investor should pay for the stock.

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho KonLee KonPet ke ..! 🤣

Posted by Johnchew5 > 2 months ago | Report Abuse

There are five types of moats:

* Low-cost production; Vietnam JV Power Plant 1200 MW production cost is managed within PPA agreement n Coal Supply agreement for 25 years until 2046 , and >

JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.


* High switching costs; successfully diversified into Power / utility industry , Vietnam power plant 1200 MW , EPCC RM 8.7 billion.

To be continue :

* Network effects;
* Intangible assets;
* Efficient scale.

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho not like KonLee own claimed FA n TA Gutu here !🤣

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho referred to YTLpower during still meeting B.G number 2 condition is 3.81 at price ard RM 2.70 …

of coz need to be informative to study .

See Haha posts in YTLpower.

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho on Jaks moat * efficient scale ..in RE Solar :

1.) LSS4 50 MW in Penang .

2.) CGPP 30 MW Solar .

Only Shl be started showing efficient scale if successfully tender LSS5 2000 MW , EPCC RM 7.2 billion of 200 MW to 500 MW by November 2024 ..

Posted by Huangbk72 > 2 months ago |

Post removed.Why?

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho sometimes is not necessary to be Big Cap … small cap like Scicom Shl generate profit n dividend.. I had been monitoring during insider keep buying at range RM 0.40 n business expansion to overseas :

Current Ratio 4.37
Debt-Equity (DE) Ratio 0.37
FCF Yield 10.46 %
Revenue QoQ -18.03 %
Revenue YoY -21.63%
Profit QoQ -39.34 %
Profit YoY -50.26 %
Profit Margin (Sector Median: 2.9) 11.24 %
ROE (ROIC: 24.05) 24.05 %
Dividend Per Share (DPS) 6.5 sen
Dividend Yield (DY) 8.28 %

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho as posted earlier : KonLee konPetHuang as usual twisting on FCF n FCF Growth:


A) why Jaks profit from Vietnam Power Plant did not generate much FCF ( Free Cash Flow ) :



1.) Allocated in FCF Growth as Investment in Joint Venture and served as some kind of security on Loans ( although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years. ( Built- Operate- Transfer).



2.) Non current asset of Investment in Joint Venture is increased from : 

> March 2016 = 128,297,000 

TO 

> June 2024 = 943 ,960,000




3.) 1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 : 

Each year repaid loan amount = 0.196 billion 

2021 to 2023 , 3 years = 0.588 billion 

> 1.96 billion- 0.588 billion = 1.37 billion ( loans balance as at January 2024 ) . 

>> Investment in Joint Venture as on June 2024 = 0.94 billion 

👉Looks like the security on Loans is getting sufficient as JHDP is paying Dividend from yearly to half yearly as on June 2024 .

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Jaks Vietnam Power Plant 1200 MW is fully ( 2 x 600 MW ) COD on January 2021 .

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Toyo is not as lucky as Jaks :


Vietnam ministry cancels coal-fired Song Hau 2 power plant, Malaysian investor explores ...
5 Jul 2024 — Vietnam's Ministry of Industry and Trade has terminated the $3 billion Song Hau 2 thermal power plant and sent a notice to Malaysia's Toyo Ink Group Berhad.

Posted by Huangbk72 > 2 months ago |

Post removed.Why?

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho no worries.. KonLee KonPetHuang 3 aka id being banned permanently..

Why ah the latest aka id Mr.Huangbk being banned permanently!!🤣🤣🤣😱

Posted by Huangbk72 > 2 months ago |

Post removed.Why?

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho as usual KonLee konPetHuang used abusive / similar id to post abusive n unethical content threads … that’s why 3 aka id being banned permanently!🤣

——

Yinson:
Posted by Antifanacticraicm > 8 minutes ago | Report Abuse

@ Johnchew5..I am your good friend FelixCoconut aka@Antifanaticracism
Thanks for allowing me to JEE LAT your mothers ce*ebai
AND sio kan with your daughter..
Why you dare not fight with bangla
If YOU are brave go and attack sifu and macai in YTLP lah

YTLpower:
Posted by Antifanacticraicm > 13 minutes ago | Report Abuse

@ks 55...your son is wanted by police for Money laundering in MONEY GAME and you as a CBT fellow where got credibilty lah..fight and attack the sifu lah
hahahaha..read your own news lah

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho yr idol Calvin said Phillip invested in Serba le , I recalled he had posted the screenshot list of Serba Subsidiaries…

Emm .. buy what u understand !

Posted by Philip ( buy what you understand) > 2 months ago | Report Abuse

That's not really the question to ask. The question to ask is if yinson has the capability to pay back the loan based on the fpso earnings, and more importantly if the lenders are willing to lend to yinson and believe in their ability to pay.


>>>>
Posted by CharlesT > 4 hours ago | Report Abuse

https://www.yinson.com/highlights/YP-USD-1.035-billion-senior-secured-notes-to-refinance-FPSO-Anna-Nery/

The notes are fully amortising with a maturity of 18.2 years and were priced at a fixed coupon of 8.947%, payable semi-annually starting on 31 July 2024.

Coupon rate 8.947%...

Why issued at such a high rate?

Either the management is very smart to predict RM will be strengthen in years to come so they could pay less when they redeem their Bond then.....or mkt rated the bond as junk bond class?

Posted by Philip ( buy what you understand) > 2 months ago | Report Abuse

Yes and instead of debating maybe you should be honestly asking, did you make or lose money in TG harta or Jaks instead of debating endlessly without a point, maybe showing how you made money trading on the information that you knew is far more important. Instead of posting "facts" and figures here and there, why not show your trading results, maintain a portfolio and show that you actually make money in stock market seems to be a far better use of your time instead of debating.. if you can't even maintain a respectable CAGR you are no different from Charles and sslee and is ALL talk no results kind.

FYI you can see my entire 5.9 year history of trades in my portfolio holdings and see if I make or lose money in stock market.


>>>>>>

11,339 posts

Posted by Johnchew5 > 6 hours ago | Report Abuse

Haha the difference on Top 4 list screenshot as you posted … not the individual stock list …

And on Harta , you promoted on early 2022 at RM 5.80 .. saying u knew the cost ! And I said ASP shl be bottoming after March 2022 …

And said I had posted Top Glove TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 ,after posted the Demand vs Supply study of 7 local nitrile glove manufacturers on August 2022

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho Charles posted FPSO Anna Nery is financed with bond USD 1.035 billion with interest 8.947 % … USD to RM is depreciated 8.93 % ( 1 year ) ..

The Question is what Shl be the Net Profit from FPSO Anna Nery Operation? Further with additional loan as Phillip posted .

Posted by CharlesT > 2 months ago | Report Abuse

Posted by Philip ( buy what you understand) > 5 minutes ago | Report Abuse

Yes and instead of debating maybe you should be honestly asking, did you make or lose money in TG harta or Jaks instead of debating endlessly without a point, maybe showing how you made money trading on the information that you knew is far more important. Instead of posting "facts" and figures here and there, why not show your trading results, maintain a portfolio and show that you actually make money in stock market seems to be a far better use of your time instead of debating.. if you can't even maintain a respectable CAGR you are no different from Charles and sslee and is ALL talk no results kind.

FYI you can see my entire 5.9 year history of trades in my portfolio holdings and see if I make or lose money in stock market.

Just because u shared your 5.9 years portfolio here mean u are very good lah?

Do u know that u are the only one doing so in I3?

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho He promoted Harta at RM 5.80 on early 2022 saying knew the cost … when a forumer asked him … he said had visited the Plant !

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho regarding the Serba subsidiaries screenshots.. I found some variation with his threads content…he did not reply but someone replied for him .

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho just post on Yinson facts n figures will do … buy what u understand ?

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho or buy what u do not understand ???

Posted by CharlesT > 2 months ago | Report Abuse

Seriously, do u know why u are the only one to share your shares portfolio in I3 (assuming its real lah)???

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho as I am posted earlier… what Shl be the IRR projected for each FPSO ??

Or FPSO Anna Nery ROI since 1st oil on May 2023 ?? No facts n figures???

Posted by CharlesT > 2 months ago | Report Abuse

Posted by Philip ( buy what you understand) > 33 minutes ago | Report Abuse

That's not really the question to ask. The question to ask is if yinson has the capability to pay back the loan based on the fpso earnings, and more importantly if the lenders are willing to lend to yinson and believe in their ability to pay.


The question is why they have to pay higher coupon rate to their bonds........Higher coupon rate means higher risk

Simple logic.....aiyo

Posted by CharlesT > 2 months ago | Report Abuse

Do u know what is the current bond yield in US now?

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho that’s why buy what u understand flag to post remove? No facts n figures???

Posted by CharlesT > 2 months ago | Report Abuse

If u borrow from Ah Long locally U have to pay 10%+ interest a month.....

Does it mean u are very solid u have the capability to pay high interest n Ah Long have full faith in U loh? Though they may still want to take yr nuke photo....maybe

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho he just talk only ke .. no facts n figures…

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho on Jaks facts n figures:



Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 years.


按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年

——-

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho beware lo later his team will Curi Curi did flag !!! 🤣

Posted by CharlesT > 2 months ago | Report Abuse

Junk bonds fall into the “speculative” category—those rated BB or lower. The lower the rating, the higher the default risk, and thus the higher the yield—to compensate for the extra risk. Because junk bonds are risky, their yields will typically trade at a 4% to 6% premium over investment-grade bonds.

Posted by Johnchew5 > 2 months ago | Report Abuse

Hoho be mature in Public forum …

Posted by CharlesT > 2 months ago | Report Abuse

Dont forget yr past bitter experience in buying Serbak Bond.......

Posted by CharlesT > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/Telegram/2021-06-15-story-h1566847714-Why_I_bought_even_more_SERBADK_bonds_and_stocks

Posted by CharlesT > 2 months ago | Report Abuse

Personally, I think it will be more constructive for Philip to share his bitter lessons here io his 5.9 years portfolio...

More I3 readers can be benefited