Johnchew5

JAKS Solar Nibong Tebal: multilateral financing facility

RM112.5 million (US$26.5 million)

March 2022


Summary of terms and conditions
Islamic facilities amount RM112.5 million (US$26.5 million)
– Term financing facility RM80 million (US$18.84 million)
– Bank guarantees RM27.5 million (US$6.48 million)
– Cash line facility worth RM5 million (US$1.18 million)
Type of facility Mixture of project finance and working capital facilities.
Use of proceeds 1. Working capital requirements
2. Project costs including engineering, procurement, construction and commissioning works, professional fees, land leases and related expenses
3. Prefunding debt service reserve account
4. Financing cost of the facilities during construction
5. Fees and expenses in relation to the facilities
Tenor Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period)
Cash line facility: On demand
Bank guarantees: Up to two years (inclusive of claim period)
Profit rate/yield Undisclosed
Payment frequency Term financing facility: Monthly
Cash line facility: Quarterly/on demand
Bank guarantees: Not applicable
Legal advisor Albar & Partners
Governing law Malaysian law

5 days ago

Johnchew5

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.

5 days ago

Sslee

Except for the borrowings of RM17,576 million (31 July 2023: RM9,109 million) denominated in US
Dollar, RM772 million (31 July 2023: RM767 million) denominated in Indian Rupee, RM4 million (31
July 2023: NIL) denominated in Singapore Dollar, all other borrowings are denominated in Ringgit
Malaysia.
Increase in outstanding total loans and borrowings was mainly due to additional loan facilities drawn
down for project and working capital purposes.

So you tell me what will be the FX unrealised gain on above USD borrowing?

5 days ago

Johnchew5

Hoho this is scary also ..more worried as FPSO Atlanta First Oil is Delayed from initial commission by February 2024 .. First Oil by May 2024 .. is Delayed to August 2024 .. further Delayed to end November 2024 .. still is No progress Update??? 😱🤔

But Assets :

Non current contract asset : RM 11,389 m

Current contract asset : RM 544 m

👉Total Contract asset = RM 11,933 m


👉Total Loans n Borrowings = RM 19,580 m

USD Loans n Borrowings interest is 12 % n 13.88 % ( AR FY24


👉Question:

Non current Finance lease receivable = RM 8,164 million

Current Finance lease receivable = RM 165 million

👉> Total Finance lease receivable = RM 8,329 million 🤔

5 days ago

Sslee

Anyhow the FX unrealised gain on above USD borrowing will be counter cancelled by FX unrealised loss on assets denominated in USD

5 days ago

Johnchew5

Yinson FY2024 Annual Report:

1.) Loss from net investment Hedge , ( RM 125 million)

2.) Reclassification of changes in fair value of cash flow hedges , ( RM 180 million) .

3.) Interest expenses on Loans n Borrowing = RM 1,118 million.

4.) Treasury shares ( SBB ) : 157,333,000 unit ( 4.94 % , RM 369 million)

5.) Loans n Borrowings :

A.) Sukuk Wakalah : Fixed rate at 5.55 % per annum : RM 1,005 million

B.) Term Loans :

1.) Fixed rate at 12.0 % per annum USD > RM 1,061 million

2.) Fixed rate at 13.88 % per annum USD > RM 1,237 million.

3.) Floating rate vary based on Cost of funds USD > RM 478 million

4.) Floating rate vary based on Secured Overnight Financing Rate USD > RM 10,808 million.

5.) Floating rate vary based on Cost of funds INR > RM 851 million

5.a) INR > RM 141 million

Rate is reset every 5 years .

6.) Revolving Credits

Floating rate vary based on Cost of funds USD > RM 115 million

C.) Unsecured:

7.) Term Loans : Floating rate vary based on Secured Overnight Financing Rate USD > RM 543 million.

8.) Revolving Credits: Floating rate vary based on KLIBOR RM 179 million

9.) Floating rate vary based on Cost of funds RM 101 million.

—

Posted by Sslee > 3 minutes ago | Report Abuse

Except for the borrowings of RM17,576 million (31 July 2023: RM9,109 million) denominated in US
Dollar, RM772 million (31 July 2023: RM767 million) denominated in Indian Rupee, RM4 million (31
July 2023: NIL) denominated in Singapore Dollar, all other borrowings are denominated in Ringgit
Malaysia.
Increase in outstanding total loans and borrowings was mainly due to additional loan facilities drawn
down for project and working capital purposes.

So you tell me what will be the FX unrealised gain on above USD borrowing?

5 days ago

Sslee

Repost:
Just a simple summary:
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

And if interest rate drop then FCF will be more.

5 days ago

Johnchew5

Hoho as on the risk of FPSO Atlanta First Oil is Delayed … the coming one shl focus on FPSO Agogo .. is scheduled to be commissioned by end 2025 .. First Oil by early 2026 ..

Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO

2 May 2024 — The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over ...

5 days ago

Johnchew5

Hoho as on the risk of FPSO Atlanta First Oil is Delayed … the coming one shl focus on FPSO Agogo .. is scheduled to be commissioned by end 2025 .. First Oil by early 2026 ..

Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO

2 May 2024 — The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over ...

—-

Posted by Sslee > 3 minutes ago | Report Abuse

Repost:
Just a simple summary:
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

And if interest rate drop then FCF will be more.

5 days ago

Johnchew5

Hoho Repost :

But Assets :

Non current contract asset : RM 11,389 m

Current contract asset : RM 544 m

👉Total Contract asset = RM 11,933 m


👉Total Loans n Borrowings = RM 19,580 m

USD Loans n Borrowings interest is 12 % n 13.88 % ( AR FY24


👉Question:

Non current Finance lease receivable = RM 8,164 million

Current Finance lease receivable = RM 165 million

👉> Total Finance lease receivable = RM 8,329 million 🤔

5 days ago

Sslee

In case you can't understand the above mean:
EBITDA is expected to reach about USD 1 billion annually from 2026
USD 700-800 million will be used for repaying debt and interest based on today’s interest rates

Balance FCF USD 200 – USD 300 million annually will be used either as dividend to reward shareholders or for business expansion.

And if interest rate drop, interest payment will be less and thus FCF will be more

5 days ago

Johnchew5

Hoho Repost :

Jaks , PMcorp n Yinson financial ratios comparison: 👉 ( add in Konartist Sslleee promoted SCIB with TP RM 1.00 by early 2025 , without knowing the Major over 20 % is on Force Sell .😱🤔) :


1.) Jaks : Price RM 0.135

EPS 0.71 sen
Trailing PE (Sector Median: 21.1) 18.9
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %
Revenue QoQ 7.74 %
Revenue YoY 41.26%
Profit QoQ 167.57 %
Profit YoY 215.31 %
Profit Margin (Sector Median: 4.0) 35.93 %
ROE (ROIC: 0.73) 0.93 %
NTA 0.6000


2.) PMCorp : Price RM 0.135

EPS -12.97 sen
Trailing PE (Sector Median: 14.0) 0.0 ( - 1.04 )
Current Ratio 1.42
Debt-Equity (DE) Ratio 0.6
FCF Yield -5.37 %
Revenue QoQ -11.14 %
Revenue YoY -11.14%
Profit QoQ 88.2 %
Profit YoY -171.45 %
Profit Margin (Sector Median: 2.1) -46.2 %
ROE (ROIC: 11.05) 12.81 %
NTA 0.2326


3.) Yinson : Price RM 2.60

EPS 28.52 sen
Trailing PE (Sector Median: 9.5) 9.1
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.63 %
Revenue QoQ -3.25 %
Revenue YoY -29.03%
Profit QoQ 0.0 %
Profit YoY -2.4 %
Profit Margin (Sector Median: 5.8) 8.99 %
ROE (ROIC: 4.16) 10.24 %
NTA 1.8900


4.) SCIB : Price RM 0.25
EPS 0.33 sen
Trailing PE (Sector Median: 13.7) 74.8
Current Ratio 1.53
Debt-Equity (DE) Ratio 1.1
FCF Yield -13.07 %
Revenue QoQ 0.13 %
Revenue YoY 14.57%
Profit QoQ -166.01 %
Profit YoY -223.97 %
Profit Margin (Sector Median: 6.4) 1.27 %
ROE (ROIC: -10.78) -12.47 %
NTA 0.2300

5 days ago

Johnchew5

Hoho just on FCF yield :

1.) Jaks : Price RM 0.135
FCF Yield 0.78 %

2.) PMCorp : Price RM 0.135
FCF Yield -5.37 %

3.) Yinson : Price RM 2.60
FCF Yield -10.63 %

4.) SCIB : Price RM 0.25
FCF Yield -13.07 %

—

Posted by Sslee > 5 minutes ago | Report Abuse

In case you can't understand the above mean:
EBITDA is expected to reach about USD 1 billion annually from 2026
USD 700-800 million will be used for repaying debt and interest based on today’s interest rates

Balance FCF USD 200 – USD 300 million annually will be used either as dividend to reward shareholders or for business expansion.

And if interest rate drop, interest payment will be less and thus FCF will be more

5 days ago

Sslee

I had say what I needed to say about Yinson and Jaks

If only someone don’t open his mouth no one will know he is a noob. Unfortunately he work so hard to proof to everyone he is indeed a noob.😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

5 days ago

Johnchew5

Hoho as usual the TinKosong Group just twisting …

KISS : keep in Simple n Safe although I’m in Calculated Risk Stock …

5 days ago

Johnchew5

Post removed.Why?

5 days ago

JediMaster1

Yinson can start growing from market cap 20 millions to 8 billions market cap definitely have Outstanding features ! 😂


Yinson marketing cap is growing times four hundred from beginning ! 😂


Very clearly that Junk stock Jaks market cap is reducing from how many times on this fews years
! 😂


That why i said Jaks is junk stock coz market cap is reducing all the while ! 😂

5 days ago

Johnchew5

The current ratio, also known as the working capital ratio, measures the capability of a business to meet its short-term obligations that are due within a year. The ratio considers the weight of total current assets versus total current liabilities.

—

Posted by Johnchew5 > 12 minutes ago | Report Abuse

Hoho what a TinKosong Konartist Group le :

1.) Konartist sslleee : Promoted SCIB with TP RM 1.00 by early 2025 … but didn’t know the Major ( over 20 % ) is on Force Sell .🤣🤣🤣🤔

Even did not understand “ Current Ratio “ before touch on FCF .

Oh the worst is Not Understand Labour Expenses and CAPEX ..🤣😱

5 days ago

Johnchew5

1.) Jaks : Price RM 0.135
Current Ratio 1.04
FCF Yield 0.78 %

2.) Yinson : Price RM 2.60
Current Ratio 0.64
FCF Yield -10.63 %

5 days ago

Johnchew5

1.) Jaks : Price RM 0.135
Current Ratio 1.04
FCF Yield 0.78 %
Debt-Equity (DE) Ratio 0.64


2.) Yinson : Price RM 2.60
Current Ratio 0.64
FCF Yield -10.63 %
Debt-Equity (DE) Ratio 2.27

5 days ago

Johnchew5

TinKosong Group leader Konartist sslleee , yr TinKosong gang understand what is Trailing and TTM ? 🤣🤣🤣🤔


KISS : Keep in Simple and Safe , with latest Update information…

Jaks :


Trailing PE (Sector Median: 21.1) 18.9
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %

CAGR : 3Y 29.9% TTM. 41.2%

4 days ago

JediMaster1

Aiya Monkey cyc is trying to twist the FcF yield from - 16.71 to positive 0.78 ! 😂

The investors here is smart no one will believe what you trying to con ! 😂


At the end you will loss all of fund in Junk stock Jaks ! 😂


要早曰遠离你那只吸血股你才能有机会重生！🥱

That is a lot of good stocks in market ! 😂

Very good example Yinson is one !👍👍👍

That is a lot of bad stock in market ! 👎

Nevertheless Junk stock Jaks is the most trash i ever seen in our market ! 😂

4 days ago

Johnchew5

Hoho TinKosong Group Leader Konartist sslleee maybe can brief yr TinKosong kongang on this , and read thru Jaks QR ended September 2024 :


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.

4 days ago

Johnchew5

Hoho TinKosong Group Leader Konartist sslleee twisted in Jtiasa on …


👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔

Is due to D&A …..


Posted by Mikecyc > 22 hours ago | Report Abuse

Haha as usual the Best Wayang Director Konartist sslleee like twisting on Insas Other Operating Expenses is High yearly.. he said is Due to Commission, want to write to Insas to include Commission wording in Other Operating Expenses… after Big 👄 then Diam Diam Anjj jjing liaw …🤣🤣🤣👍 



So Konartist sslleee still No update on yr AGM questions… is a Bad sign le .. 😱😱😱🤔




👉Is impairment included in depreciation and amortization? 



Impairments are not the same as depreciation or amortization. In the case of depreciation or amortization, the loss of value of the asset is anticipated and planned for. With impairment, the loss in value is unexpected. 



Impairment is the permanent reduction in the value of a fixed asset or intangible asset to the point that its market value is less than the value recorded on the financial statements. Under GAAP, impairments are entered as a loss on the income statement. Impairments are not the same as depreciation or amortization.

4 days ago

Sslee

Posted by Mikecyc > Nov 30, 2024 3:27 PM | Report Abuse

Haha konartist sslleee Jtiasa just 1 year impairment RM 151.2 million is more than Jaks total 5 years Impairment… how about preceding FY … no wander Total Asset is keep reducing

Above is Mike-tikus post and below my response.
So who is twisting?

Posted by Sslee > Nov 30, 2024 3:51 PM | Report Abuse X
Jayatiasa
30/09/2024 30/06/2024
RM'000 RM'000
Net assets 1,553,555 1,514,946

Depreciation and amortisation 34,326 34,669

Dividend paid (34,129) (16,456)

Really LOL. Don't even know what the different between depreciation and impairment?
Better keep your money in FD if you really have money and not wasted on Jaks

4 days ago

Sslee

I'm laughing all the way to the bank with my jayatiasa and he is licking his wounds in Jaks for more than a year and half now.

4 days ago

Johnchew5

Hoho copied from Jtiasa:

Posted by Mikecyc > 1 day ago | Report Abuse

Haha konartist sslleee Jtiasa just 1 year impairment RM 151.2 million is more than Jaks total 5 years Impairment… how about preceding FY … no wander Total Asset is keep reducing:



👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔


>> Referred to QR ended September 2024 :

👉Total Assets : RM 1970 million vs June 2024 RM 1979 million , is reduced by RM 9 million.

👉👉Acquisition n Disposal of PPE :

> Acquisition = RM 9.1 million
> Disposal = ( RM 0.94 million)

Total Assets is reduced:

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )

👉👉Is reduced by RM 427 million from 2019 to 2024 , ie : over 5 years .

4 days ago

Johnchew5

Post removed.Why?

4 days ago

Sslee

Mike-tikus not just a noob but also a liar, a slanderer and a loser.

Repost:
I had say what I needed to say about Yinson and Jaks

If only someone don’t open his mouth no one will know he is a noob. Unfortunately he work so hard to proof to everyone he is indeed a noob.😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

4 days ago

Johnchew5

Hoho chamlor .. Jtiasa Total Assets is Less RM 437 million … is D&A less 17.75 % over 5 years !!! 😱😱😱🤫

4 days ago

Sslee

By the way Mike-tikus unashamedly using misinformation, fake facts and figures to promote jaks non-stop 24/7/365 for more than a year and half now and luckily no-one falls for his misinformation, fake facts and figures.

4 days ago

Johnchew5

Hoho Repost :

Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( 👉 after Sslleee posted sold Jaks on April 2023 since 2017 ) ... Up to RM 0.225 in 2 months .. then invested at RM 0.19 on July 2023 .. Gap Up on 1/9/2023 to RM 0.245 …


As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .

>> Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with BOT 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

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.


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


4.) FYE 2023 : 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.

>> 👉3QR : RM 14.1 million with Net Profit RM 22.5 million.



B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).

1.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


2.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


3.) QR ended September 2024 :

👉 Revenue : 4.7 million, Profit RM 0.3 million.. 6.38 %


👉👉 Average Profit % for 9 months of 2024 is 10.94 %


👉👉 Average Profit % for Half year 2024 is 13.22 % … compared to Yinson Half year ( February to July 2024 ) FY2025 is 13.85 % ( RE in India )



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

Update : CRESS is effective from September 2024 after 1 month discussion with industry generators/ players ) .

800 MW CGPP winners can even sell RE electricity cross border.( To Singapore ) .



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ( with intention up to limit 500 MW ) ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) Jaks :
CAGR : 3Y + 29.9 % TTM + 41.2 %

Yinson :
CAGR : 3Y + 83 % TTM + 31.9 %

4 days ago

LimPek1510

Yong Tau Fool 脑袋进水。

Limpek就是林北. 是你阿丫老豆。

4 days ago

Zhuge_Liang

LimPek1510 account is suspended by the admin of I3.
Good news !!

4 days ago

Zhuge_Liang

LimPek1510 account is suspended by the admin of I3.
This shameless liar uses new id as Genovese.

Genovese @ LimPek1510 is the shameless liar and a barbarian here ... I repeat ...

4 days ago

Genovese

一个马来西亚股市成名人物竟然满口粗话，用下三滥手段! 真的颠覆我的三观。

卖娼的还想要贞节牌坊!

你赚的钱都不够还你造的孽!

什么样的师父教出什么样的徒弟!

下流无耻之徒! 什么脏话，诅咒，讣告都是他的徒子徒孙PO的。


Look at this shameless lair, in HengYuan forum crack here and crack there. Price reached RM 20 still he crack crack crack, crack until a lot people pocket broken. Still he tak malu asked his student send email to HengYuan management sue thus negative commemntors.

This kind of people got good karma?

OMG!! Why so low class one.
一代宗师是这样的咩？


Posted by OTBLauBoo > 7 hours ago | Report Abuse

Dear valued clients,

I need a favour from you, please help me to report all naysayers in I3investor.com.
Below is the sample of the report I sent.

Email address : HRCPD-Corporate-Affairs@hrc.com.my
Quote !!
Dear Chairman and Board of Directors,

I am an investor of Hengyuan, I have xxx shares in my trading account.

Please help to get your accountant and lawyer to take legal action on those naysayers spreading lies and malicious allegations on Hengyuan in I3investor.com.

They are MoneyMakers, Stockraider and others.
Please read all the lies and malicious allegations they repeated in I3investor.com almost everyday to frighten all investors in I3investor.com.

I am very disappointed with them.

Thank you.

Yours Sincerely,
Your name.

Unquote !!

4 days ago

Holdom2040

@sslee

Where do u get the info yinson EBITDA will reach 1 billion by 2026? Thx

4 days ago

Sslee

https://www.yinson.com/general-meetings/

From Yinson 31th AGM minutes link above.

4 days ago

Genovese

FPSO Agogo located offshore Angola. Angola last civil started from 1975 and ended in 2002. Political uncertainty area in Arifica.

Yinson is taking a huge risk for this FPSO. Anything could happen in that area the oil operator just terminate the contract and runaway. Left Yinson with huge financial burden.

4 days ago

MiaoMiao7

Yinson Production and PTSC joint venture wins FSO contract with a subsidiary of Murphy Oil Corporation for the Lac Da Vang project in Vietnam

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=153271&name=EA_GA_ATTACHMENTS

3 days ago

Bullrun18

Yinson Production and PTSC joint venture wins FSO contract with a subsidiary of Murphy Oil Corporation for the Lac Da Vang project in Vietnam

Posted Date: 02 Dec, 2024

PTSC Asia Pacific (“PTSC AP”), a joint venture between Yinson Production (49%) and PetroVietnam Technical Services Corporation (“PTSC”; 51%), has executed a contract for the provision, charter, operation and maintenance of the floating storage and offloading (“FSO”) vessel for the Lac Da Vang project with Murphy Cuu Long Bac Oil Co. Ltd., a wholly owned subsidiary of Murphy Oil Corporation. The contract has a firm period of 10 years with the option to extend up to 5 years, and a total value of up to approximately USD 416 million.

The FSO will be a newbuild double-hull vessel with storage capacity around 500,000 barrels and advanced dual-fuel systems for optimised efficiency. The design of the FSO emphasises safety, operational excellence, and low-carbon emissions, aligning with Yinson Production’s sustainability goals. Following a construction period of approximately two years, the FSO is expected to start operations in the Lac Da Vang field located in Block 15-1/05 offshore Vietnam in the fourth quarter of 2026.

The project further strengthens Yinson Production’s position as a leading independent owner and operator of offshore asset and marks another milestone in Yinson Production’s long-standing relationship with PTSC. Through PTSC AP and another joint venture, Yinson Production and PTSC have successfully been operating offshore assets in Vietnam for over a decade with the FSO PTSC Bien Dong 01 operating since 2013 and the FPSO PTSC Lam Son operating since 2014.

Commenting on the contract, Flemming Grønnegaard, Chief Executive Officer of Yinson Production, said, “This new project underscores Yinson Production’s commitment to delivering energy solutions that meet the evolving needs of our clients and the industry. The Lac Da Vang FSO project is a testimony to the strength of our partnership with PTSC and our shared vision for operational excellence. We are proud to play a pivotal role in supporting Vietnam’s energy security.”

https://www.yinson.com/highlights/

3 days ago

BursaVulture

good news, can fly or not? seems cannot...

3 days ago

Vdhawan

Yinson JV bags RM1.85bil floating, storage and offloading vessel job in Vietnam
https://www.nst.com.my/business/corporate/2024/12/1142645/yinson-jv-bags-rm185bil-floating-storage-and-offloading-vessel

3 days ago

Genovese

Anakin Skywalker I got 13 IDs waiting got you to flag red. 😆

3 days ago

Genovese

Anakin Skywalker you better pray no civil war in Angola during FPSO agogo 15 + 5 years contract period. Pray very very hard YA 🙏


JediMaster1

117 posts

Posted by

3 days ago

JediMaster1

Limpek1510, Mikecyc, jhonchew5, your 3 ID link to you are suspended so you have 13 user ID 🤣


Stock: [YINSON]: YINSON HOLDINGS BHD

10 hours ago | Report Abuse Post by user ID Genovese

Anakin Skywalker I got 13 IDs waiting got you to flag red. 😆

3 days ago

jjohnchew

Hoho :

Illustration study :

1.) FPSO Atlanta: Capacity 50,000 bpd. Expecting First Oil by end November 2024 .

2.) FPSO Maria : Capacity 70,000 bpd .
First Oil on October 2024 .

3.) FPSO Agogo : Capacity 120,000 bpd .
Scheduled to be First Oil by early 2026 .

Agogo funding:

Yinson Production completes USD 1.3 billion debt financing
for the Agogo FPSO

2 May 2024 — The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over ...

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Illustration based on direct ratio of Capacity for the 3 units FPSO >>>

Debt Financing = USD 1.3 billion x 2 = USD 2.6 billion = RM 12.4 billion.

( Note : FPSO Anna Nery First Oil on May 2023 , Capacity 70,000 bpd .)


Non current contract asset : RM 11,389 m

Current contract asset : RM 544 m


👉Total Contract asset = RM 11,933 m


👉Total Loans n Borrowings = RM 19,580 m


👉The 3 units FPSO illustrated Debt Financing =. RM 12,400 million.


Non current Finance lease receivable = RM 8,164 million

Current Finance lease receivable = RM 165 million

👉> Total Finance lease receivable = RM 8,329 million 🤔 ( Assumption with Charter Contract 15 years + 5 years) .


Summary illustration:

👉Total Loans n Borrowings - Total Contract asset = RM 7,647 m


👉 Risks is getting Higher :

1.) Revenue n Profit in RM shl be reduced due to Currency Exchange rate .😱

2.) FPSO Atlanta First Oil status !😱

3.) FPSO Anna Nery ownership is reduced from 75 % to 63.2 % on October 2024 due to Refinancing.😱

4.) FPSO Agogo First Oil is scheduled on early 2026 … Let’s see Total Debt is reduced or not on 2025 as FPSO Maria is First Oil on October 2024 …..🤔

3 days ago

Bullrun18

Yinson Group CEO appointed as a COSTI-BAC representative

Posted Date: 03 Dec, 2024

Yinson Group Chief Executive Officer, Lim Chern Yuan, has been appointed as one of the private sector representatives to the ASEAN Board of Advisers to the Committee on Science, Technology, and Innovation (“COSTI-BAC”) following his nomination by H.E. Satvinder Singh, Deputy Secretary-General for the ASEAN Economic Community.

Lim will serve alongside two other representatives from Cambodia and the Philippines – Start Technology Co. Ltd Vice President, Phally Phoeurn, and Philippine Chamber of Commerce and Industry President, Consul Enunina V. Mangio.

The ASEAN Committee on Science, Technology, and Innovation (“COSTI”) is committed to fostering regional cooperation in science, technology, and innovation (“STI”) to support the development of ASEAN member states. By enhancing public-private partnerships (PPPs), COSTI aims to drive innovation and capacity-building throughout the region, ensuring alignment with global trends and industry needs.

Lim commented, "The ASEAN region is uniquely positioned to lead the charge in driving innovation and technological advancement, and public-private partnerships will be critical in unlocking this potential. At Yinson, we believe that collaboration between sectors is key to fostering sustainable growth and unlocking value, and through this appointment, I look forward to helping ASEAN build a strong, dynamic ecosystem in STI that benefits both local communities and the region."

As one of the three private sector representatives, Lim – who is also a council member of the ASEAN Business Advisory Council (ASEAN-BAC) Malaysia – will provide strategic guidance to COSTI. His responsibilities will include reviewing key documents, engaging with both public and private sector stakeholders, and advocating for the private sector’s perspective in STI discussions. His insights will be pivotal in strengthening public-private collaboration and promoting innovation across ASEAN. His term will span three years, during which he will actively participate in bi-annual meetings and submit strategic recommendations to COSTI.

This appointment reinforces Yinson’s commitment to driving sustainable technology development and fostering regional collaboration in STI to advance economic growth and cooperation across ASEAN.

https://www.yinson.com/highlights/

2 days ago

john888

Time charter rate of Yinson FPSO

1. Fpso Agogo usd 750,000 a day

2. ⁠Fpso Maria Quiteria usd 600,000 a day

3. ⁠Fpso Atlanta usd 305,000 a day

2 days ago

WitchDoctor7

FPSO Atlanta first oil

1 hour ago