Posted by Philip ( buy what you understand) > 6 days ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/phillipinvesting/2024-10-29-story-h472821057 HOW_TO_INVEST_IN_BURSA_AND_FAILING_TO_MEET_EXPECTATIONS_PHILIP

Posted by xiaoeh > 6 days ago | Report Abuse

Dear Philip
can we create similar portfolio as u do in i3 platform?

Posted by Philip ( buy what you understand) > 6 days ago | Report Abuse

of course you can, just go to the portfolio tab at top and start transfering your investment details inside so you can track clearly also. if you are worried people can see you can make it non public so its only for your own eyes. many of the readers in my telegram group also start to do so that they can actually track if they are making money over time, but i think only i am maintaining it properly over the last 5 years, but getting lazy as I think I have proven my point to people like sslee

Posted by xiaoeh > 6 days ago | Report Abuse

noted and thanks Philip
had been using excel worksheet to track

Posted by xiaoeh > 6 days ago | Report Abuse

wah...
just today learnt that i3 got this powerful portfolio track list
Thanks Philip and i3

Posted by xiaoeh > 6 days ago | Report Abuse

i3 is the place to learn everything
loved i3

Posted by Johnchew5 > 6 days ago | Report Abuse

Hoho Thanks .. will need time to read thru and digest.

For me .. Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level .

DecisionS: is changed Upon new information, new facts n figures.

As I had posted earlier on Nestle Moat n yr Harta :

1.) Nestle : Moat on ROE

ROE (ROIC: 59.2) 85.93 %
Dividend Per Share (DPS) 233.0 sen
Dividend Yield (DY) 2.32 %

Only those bought 15 years ago shl benefited the most …and is not a Best Buy now ..

And with information that the CEO Mark Schneider is replaced on August 2024 due to weak sales growth and worries about slowing product development.


2.) As reply to those Kon on debated against u on Harta at RM 5.80 on early 2022 :

I am posted each person investing strategies is different with different capabilities.

Although at RM 5.80 … with the dividend payout n you capable to average down , Shl be average to current market price.

Your post is proven on these n even in Profit .

Posted by Johnchew5 > 6 days ago | Report Abuse

Hoho further to Glove rally during pandemic ( China started Feb 2020 , Malaysia started March 2020 ) …I did made profit on Kossan and Comfort.

I did a study on Demand vs Supply of 7 local nitrile gloves companies posted on August 2020 that supply shl be fulfilled demand by netx 12 months from August 2020 .

And posted TG TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 .


—

The firm said Covid-19 cases in the US had increased beyond expectations.



As a result, it estimated that glove demand had increased in the US, causing further depletion in global stock levels.



>> "Our estimates show that global stock levels could have declined by an additional two per cent to 10.8 billion pieces. This is enough for 15 days of demand (previously 15.2 days) and much lower than the prepandemic 60-day average," it added.



From July 8-12, the number of new cases rose to above 60,000 per day.



As of July 12, the total new cases increased by 367,000 or 24 per cent on a month-to-date basis to 3.27 million.



"As Covid-19 cases remain high in the US, demand for gloves should stay exceptionally strong, given its importance in protecting healthcare workers.



"As the US is the world's biggest glove consumer, its stubbornly high number of cases means that demand for gloves should continue to rise," RHB Research said.


>>>



global stock level 10.8 billion for 15 days demand during Pandemic.



Haha according to nanyang news in July2020 , China has donated 26.0 billion hand gloves n 620 million face mask to US.



-----



10.8 b x 2x12 months = 259.2 billion demand for netx 12 months starting August 2020 .



>> Note : 10.8 b x2 x 12 = 259.2 billion is to meet the Demand contract order for queing 1 year start from August 2020 . It is additional 129.6 billion pieces .



## Hartalega Holdings Bhd executive chairman Kuan Kam Hon said :
Demand of 120 billion more pieces of gloves in the Netx 3 years



> Haha what a coincidentally figure demand 120 billion more pieces in the Netx 3 years , can 259.2 billion pieces being produce in 1 year which included the additional demand qty 129.6 billion .


----



haha lets do a research study on following gloves companies 1 year production capacity on Nitrile gloves only :



a.)Top glove : 50 % nitrile , output 84.1 billion/ year towards end 2020 , and expect change to 60 % nitrile .



84.1 b x 0.6 = 50.46 billion



b.) Hartalega : 95 % nitrile, yearly output 24.5 billion .



24.5 b x 0.95 = 23.28 billion



c.) Supermax: 90 % nitrile, yearly output 27.4 billion.



27.4 b x 0.9 = 24.66 billion



d.) Kossan : 75 % nitrile , yearly output 32.0 billion.



32.0 b x 0.75 = 24.0 billion



>>> Big 4 total nitrile gloves output for 12 months = 50.46 +23.28 + 24.66 + 24 = 122.4 billion.



Others gloves company :



1.) Comfort : 60 % nitrile, yearly output 5.9 billion .



5.9 b x 0.6 = 3.54 billion



2.) YTY : captured 11 % nitrile market since 2011 , estimated 18 % in 2020 :


259.2 b x 0.18 = 46.66 billion



3. Smart Gloves : 95 % nitrile, yearly output 8.2 billion


8.2 b x 0.95 = 7.79 billion.



## Just these 7 glove companies 12 months output ( 1 year ) = 122.4 +3.54 + 46.66 + 7.79 = 180.39 billion .



### 180.39 b / 259.2 b =69.6 % of world nitrile gloves consumption for the netx 12 months from August 2020 .



note : YTY in under Indonesia mother company group.

Posted by Johnchew5 > 6 days ago | Report Abuse

Hoho oh recalled yr Harta is averaging down from 2022 to 2024 until in Profit , but during debate on Harta forum at RM 5.80 on early 2022 :

1.) you Promoted saying you knew the product cost , a forumer ask u what is the cost ? You just said had visited the Plant . But you did not know the ASP movement, I said ASP Shl be bottoming starting March 2022 !

2.) just like top 4 list screenshots be manipulated with individual stock list .

Harta is Averaging down on 3 years period with Profit is based on yr investing strategies and capital … and also might be swapping of capital from other stocks , that each stocks result Shl be impressive in Profit .

3.) Agreed on not all in at one time .. as my calculated risk stock : In ratio : 40: 30: 30 and Out ratio : 30 :30 : 40 .

Anyway thanks for sharing yr investing skill n strategy, forumers n I will learned during read thru !

Posted by Johnchew5 > 3 days ago | Report Abuse

Hoho still no news on FPSO Atlanta 1st Oil ??? Each day is Losing revenue RM 1.56 million/ day

Posted by Johnchew5 > 3 days ago | Report Abuse

Hoho see also ..

马国际船务FSPO在巴西产首油
2024年10月31日


吉隆坡31日讯）马国际船务（MISC，3816，主板交通和物流股）旗下Marechal Duque de Caxias号浮式生产储油轮（FSPO），成功在巴西MERO油田生产首批石油。

该公司周四发文告点出，有关FPSO于10月30日成功产油，而这不仅标记着重要里程碑，也表明公司对石油和天然气领域的安全、卓越营运和创新的持续承诺。


有关FPSO是世界上最大的深水配备之一，同时蕴含最先进的技术，旨在在巴西岸外盐下桑托斯盆地的深水环境中，高效运行。

Posted by Vdhawan > 3 days ago | Report Abuse

Maybank IB has maintained the BUY call on Yinson with an unchanged target price of RM4.78, rewarding a potential return of RM2.09, 77% of its current price level.

https://www.businesstoday.com.my/2024/10/30/yinsons-buy-prospects-unaffected-by-lower-esg-scorecard/

Posted by Johnchew5 > 3 days ago | Report Abuse

Hoho what happened to FPSO Atlanta 1st oil … what is the reason of continuing delayed ?

MISC FPSO Marechal Duque de Caxias oredi 1st oil on 30/10/2024 :

With the capacity to produce up to 180,000 barrels of oil daily and compress up to 12 million cubic meters of gas, the vessel is said to be the world’s first FPSO equipped to receive high-pressure separation (HISEP) technology.

Posted by JediMaster1 > 3 days ago | Report Abuse

Why you so care about Yinson is nothing do with you coz you not even holding any singer share of Yinson you better go and take care about your *Jaks* going to bankruptcy and deleted anytime !!!

Posted by JediMaster1 > 3 days ago | Report Abuse

Very sure you and Jaks will bankruptcy at the same time !!!

Posted by M3T0123 > 3 days ago | Report Abuse

John,

FPSO Atlanta will be first oil very soon…

https://brazilenergyinsight.com/2024/11/01/onesubsea-completes-pump-installation-at-brazils-offshore-field-in-anticipation-of-fpsos-first-oil/

Posted by BursaVulture > 2 days ago | Report Abuse

Finally, FPSO Atlanta first oil soon.
I've been asking this for 5 years.... when Yinson gonna fly? This time can fly?

Posted by Bullrun18 > 2 days ago | Report Abuse

Be patiently, Sure can fly .....

Posted by BursaVulture > 2 days ago | Report Abuse

finger cross... the only thing that flew was the debt, understandably they use the debt to build the FPSO... hopefully not another 5 years.

Posted by Johnchew5 > 2 days ago | Report Abuse

Hoho the hidden risk :

This article first appeared in The Edge Malaysia Weekly on June 24, 2024 - June 30, 2024

It is always a concern when a company’s financial accounts are unclear, causing those perusing the document — which would include bankers, creditors, shareholders and investors — to question the numbers. The primary objective of a company’s financial statements is to present a true and fair view of its performance and position.

The statements should minimise ambiguity and be easily digested by users who presumably have a basic understanding of accounting and finance.


It was only earlier this month that oil and gas player Serba Dinamik Holdings Bhd was delisted from Bursa Malaysia, after grappling with accounting issues since May 2021. It had an impressive earnings track record until reporting irregularities eventually surfaced.

As a result of this and other misadventures by a few oil and gas companies, banks are shying away from funding the sector.
However, it came as a surprise that Yinson Holdings Bhd’s (KL:YINSON) latest financial results had caused anxiety and uncertainty among the analysts who cover the company’s stock. After all, with a market capitalisation of close to RM7.5 billion, Yinson is one of the more respected players and among the success stories in the local oil and gas sector.

One research house’s report on Yinson’s financials mentions “Using financial tools to boost equity returns” while a bank-backed research outfit says, “We have stripped off RM151 million EPCIC (engineering, procurement, construction, installation and commissioning) earnings in arriving at our core profit. We believe Street estimates may not be a good comparison as other analysts regard Yinson’s EPCIC earnings as core profit.”

Another research house notes that Yinson’s “IFRS accounting distortion is growing alongside its leverage”, which could lead to confusion among investors.

Although analysts who cover the company’s stock mostly have a positive view of Yinson, the group’s accounting policy or treatment for certain aspects of its operations can be disquieting.

Surely, Yinson can do better with its financial reporting.

Posted by M3T0123 > 1 day ago | Report Abuse

John,

Have a read on the agm minutes…some doubts have been answered regarding the debt/accounting standard
https://www.insage.com.my/Upload/Docs/YINSON/Yinson%20-%2031st%20AGM%20Minutes.pdf#view=Full

Also, investment risks are there or eve4ywhere for sure. The questions to ask is whether those Yinson built FPSO are real in nature or did the power plant up for running?

If you got so many doubts over here, suggested yourself to stay away from Yinson and move on…

Posted by JediMaster1 > 1 day ago | Report Abuse

少来担心云升只要银行能贷款给他做更大的生意就没问题，不像Jaks這只烂股想和银行借钱都借不到那是多么的可悲 ! 也只能靠发私募发行股票来维持养命迟早這只股票会在股市消失到無影無踪 ！

Posted by Sslee > 1 day ago | Report Abuse

Referring to Yinson Bhd's FY2025 Q1 results, could management explain in detail the financial treatments
that have led some analysts to comment:
I. "Using financial tools to boost equity returns…"
II. "Stripping off RM 151 million EPCIC earnings to arrive at core profits…"
III. "IFRS accounting distortion is growing alongside its leverage…"
Reply:
Yinson has clarified the interpretation of the analysts. First of all, financial tools do boost equity returns. Every time Yinson refinances instead of getting equity much later, especially for non-recourse debt, Yinson brings back its returns earlier. When you bring cash flows earlier, financially your NPV goes up. It is not a financial tool, rather it is called “refinancing”. Refinancing allows Yinson to bring cash flows back to shareholders earlier, and to de-risk the project because it is non-recourse. It improves free cash flow, and that is how Yinson recycles its capital.

From the follow-up article, it mentioned how Yinson recycles capital. If you were to look at core profits and EPCIC returns, you would need to strip off the revenues and the profits from EPCIC and add back the interest incurred for the EPC. Yinson’s business model is EPCIC, Lease and Operate, where the finance lease accounting treatment based on IFRS has led to some distortion. Yinson will present operating lease accounting numbers alongside IFRS accounting numbers from next year onwards. This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective. IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.

Posted by Sslee > 1 day ago | Report Abuse

1. LAU CHUAN HOOI
May I know, what is the company's future outlook? Will the board consider giving door gifts as a token of appreciation?
Reply:
Yinson is optimistic about its direction. The FPSO market is thriving, with 12 new FPSO awards annually. To make a project successful, the company needs to know the outlook of projects available and have a suitable project team. Despite the capital-intensive nature of the business, Yinson successfully funds all its projects. Yinson also manages to tap into the private capital and bonds markets. With the FPSO Agogo project set for delivery by end-2025, EBITDA is expected to reach about USD 1 billion annually from 2026. Yinson is very optimistic about the outlook of the business growth and also the ability to pay shareholders dividends on a quarterly basis which Yinson started last quarter.

2. CHUA SONG YUN
Given the aggressive expansion, the nature of front-loaded costs for FPSOs, complex finance lease
accounting, and substantial negative operating cash flow due to new FPSO constructions, the market and shareholders may find it difficult to understand Yinson's value. With FPSO Atlanta, FPSO Maria Quitéria, and FPSO Agogo set to commence their charter periods in the next year or two, assuming no new FPSOs are added, could management present the projected free cash flow expected from the FPSO segment over the next 10 years? This would help shareholders better appreciate the company's value.

Reply:
Yinson does expect free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates.

Posted by Sslee > 1 day ago | Report Abuse

Mike-tikus,
EBITDA is expected to reach about USD 1 billion annually from 2026.

Free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates

Mike-tikus you better sell your jaks and buy Yinson.
Yinson FCF USD 200 – USD 300 million 2026 onward while you need to wait till 2030 for jaks FCF to turn positive

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho why Lambo is delisted on October 2024 since u used so many aka id to promote on 2020 !🤣🤔

—-

Posted by JediMaster1 > 31 minutes ago | Report Abuse

少来担心云升只要银行能贷款给他做更大的生意就没问题，不像Jaks這只烂股想和银行借钱都借不到那是多么的可悲 ! 也只能靠发私募发行股票来维持养命迟早這只股票会在股市消失到無影無踪 ！

Posted by JediMaster1 > 1 day ago | Report Abuse

有智慧的人都会看到云升的前景是多么的光明 ！只有傻头儍猪的人才会去說Jaks 的好 ！快快放手吧 Jaks 這只烂股 ! 弃暗投明吧 ！

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho Konartist sslleee is Jaks below Ratios better than Yinson :


Yinson

Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.24 %



Jaks

Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.81 %

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho Konartist sslleee why u shouting so happily that Yinson waves 2 is coming ?🤣🤔

Waves 2 is Downtrend le ! Shl be dropped until what Price ? Or lower high ? Or Lower Low ?🤣🤔

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho why both of u shy away from Jtiasa forum !🤣

Posted by JediMaster1 > 1 day ago | Report Abuse

乘上云升号会把你带上富贵之路 ！搭上Jaks 会把你帶上不归路 !

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho Konartist sslleee said Jaks invested in RE Solar is no good .. the Returns is slow , cannot paid the Debt !🤣👉

—

Long Term investment in Renewables :

Yinson aims to allocate 30 % of its equity towards renewable n green assets by 2030 !

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho I mean Konartist sslleee n Philip !

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho Konartist sslleee know what is Current Ratio ? Oredi posted le .. still did not understand:

( to gauge working capital ratio within a year ）.

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho as said Let’s see Yinson can reduced the Debt by end 2025 ?

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho FPSO Atlanta is initially to be commissioned by February 2024 … now 1st oil is delayed many times… still not yet 1st oil ? Why , technically issues ??😱

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho so is worst than Jaks that the share of profit from Finance investing !


—

This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.

IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.

Posted by Sslee > 1 day ago | Report Abuse

Aiyoyo Mike-tikus untill now still do not know jaks operating cashflow is negative and need to depend on free money from investors or shareholders with yearly PP or RI for working capital and loans repayment.

Still no bola to answer a simple question from Philip?
How many million shares of Jaks are you currently holding?

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho hope is not like TDM .. New auditor on 2019 .. verified the mis-location issues .. 2019 in Huge Loss n verified 2018 from Profit to Loss !

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho konartist sslleee why Phillippe still Promoted Serba even is announced in Account Fraud ? Same as u on Xingquin until is delisted ??

Forumers can learn from both of u buy what is not understand ?

Will Yinson be the another one per the news article ?

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho no facts n figures ke ?

Posted by Sslee > 1 day ago | Report Abuse

Jaks
Period End Year End
30-Jun-2024 31-Dec-2023
RM'000 RM'000
Current Assets
Inventories 483 483
Contract assets 92,236 102,030
Trade and Other Receivables 421,135 417,625
Amount due from Joint Venture 10,291 10,291
Deposits placed with licensed banks 12,074 22,222
Cash and bank balances 31,955 41,803
568,174 594,454

Current Liabilities
Trade and Other Payables 457,827 476,105
Bank borrowings 59,894 68,200
Bank overdraft 5,877 5,911 -
523,598 550,216

With negative cashflow from operating activitives and year end impairment lose of receivables and contract assets.
Can jaks repay the current bank borrowing of RM 59,894,000?
More PP or RI coming?

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho Konartist sslleee why u promoted Yinson as Growth stock ?

Yinson :

CAGR : 3Y 83% TTM. 31.9 %



Jaks :

CAGR : 3Y 29.9% TTM 28.4 %

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho as Philip said why banks willing to Lend money to Yinson ? But USD loans with interest 12 % n 13.88 % .. is very high interest le !

Why so many Investors interested in Jaks PP … oredi issued 5 times PP le !

Why Hexcap n Binacom PP , no investors are interested le !

Why Yinson not partially raise funding by PP ???🤣🤔

Posted by JediMaster1 > 1 day ago | Report Abuse

Jaks 就一只等死的烂股😆

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho Repost … Konartist sslleee still half past 6 ke … own claimed FA n TA Guru here ?🤣🤣🤣🤔

Posted by Johnchew5 > 20 minutes ago | Report Abuse

Hoho so is worst than Jaks that the share of profit from Finance investing !


—

This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.

IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.

Posted by Johnchew5 > 1 day ago | Report Abuse

Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 = 943 ,960,000

Posted by JediMaster1 > 1 day ago | Report Abuse

只有比猪还笨的人才会看上Jaks☠️☠️☠️

Posted by Johnchew5 > 1 day ago | Report Abuse

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million. ( Vietnam Joint Venture Power Plant 1200 MW with EPCC RM 8.7 billion is COD on January 2021 )


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…4QR is Loss ( 24.8 million )

👉👉 Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.

( Note : Vietnam Power Plant Joint venture company is 30 % .. an associate company) .

Posted by Johnchew5 > 1 day ago | Report Abuse

Hoho worried hidden risks on Yinson QR ended April 2024 n July 2024 :

>QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.

>> QR ended July 2024 , Net Profit RM 203 million- RM 3,025 million ( increased of Loans n borrowings) = - RM 2,822 million.😱



-

Yinson Loans n Borrowings:


3.) QR ended July 2024

RM 19,580 million


👉Compared Q to Q : is increased by RM 3,025 million.



2.) QR ended April 2024

RM 16,555 million.


👉Compared Q to Q : is increased by RM 236 million.


1.) QR ended January 2024

RM 16,319 million.