You need to be clear, buying jaks at this point, you are not an investor but merely a speculator. You have not received a single dividend, no clarity on the realized energy production, consumption and production costs. No clarity on management profits, usage of the profits and the returns.

Investors act like this:

https://renewablesnow.com/news/malaysias-yinson-buys-into-140-mw-bundle-of-indian-solar-parks-693424/

https://www.thestar.com.my/business/business-news/2020/04/03/yinsons-acquisition-marks-entry-into-re-space

RSE was profitable since 2017 generating 140mw at 2.44 indr per kwh paid out in 2018, 2019, the deal was earnings accretive, and that Yinson was buying into an operational brownfield project with cashflow certainties given that it was concession-based.

If you are a real investor, you do not go for the long, imaginary calculations of profit. You invest in a business that is already running, long term contract in place and paid out. A history (2 years at least of accretive results) of payment.

You earn much less, but take far less risk doing so for the generation of profit. This allows you to grow further and more consistently.

The rule of investing is to never lose money. That is: how to minimize risk and maximize earnings.

I have no doubt that the power plant will be completed. But after that? What happens next? A ytl could easily turn into a protasco. Or a sendai could easily turn into a scientex. What will the real yearly profit be? Where will it go? I have a pretty good idea already. And I am staying put. Trading and speculative gains: yes, investing? Definitely not.
>>>>>>>>>>

Posted by gemfinder > Apr 3, 2020 8:17 PM | Report Abuse

Evolve mall confirm bankrap

In that case luckily the huge storage dump in pangerang and petrochemical ma(nufacturing to buy and hold during this crisis ( with cash in hand they can definitely ride it out), while many other o&g either sell off their assets or declare bankruptcy, it is almost inevitable that a shortage in the near future will occur ( due to pent up demand from covid-19 resolution in 2021). Those who were faithfully keeping investors and oil barrels storage? Very good future, if you can wait a few years and hold on.

https://pic.petronas.com/About-PIC/Pages/Liquid-Bulk-Terminal-.aspx

https://www.forbes.com/sites/gauravsharma/2020/03/12/supertanker-prices-spike-by-nearly-678-as-oil-price-tanks/#24a995e17e39

Companies like yinson and dialog will definitely see an uptick in business.

Oil and gas cycle? This is what happened in 2015

https://www.businessinsider.com/r-exclusive-oil-glut-spurs-top-traders-to-book-supertankers-for-storage-at-sea-2015-1?IR=T

And 2009.

https://www.ft.com/content/70e3ad8e-e19a-11dd-afa0-0000779fd2ac

If you think this is the end of the world, then no asset class is worth holding.

But if you have been through what I have gone through ( 5 exciting crisis in the last 25 years), this is where long term investors hunker down, ride it out and make the big bucks.

I have already decided to stop replying any of sslee comments and concepts. As I have used his valuation techniques and his 1 year performance comparison with my performance I have realized a simple fact. His results and comments have no difference to Calvin tan, stockraider and Jonathan Choi yi kit.

I will let him comment as he pleases, and ignore his "advice".

The fact is, the 1 year results of my original stocks 2018-2019 year topglove, QL, yinson have already far outperformed his favorite stock INSAS. In fact, I expect that by the end of the year QL would have handily won the so called stock competition between MNRB, INSAS and QL ( by virtue of being the only profitable stocks whose share price today is still higher than last year).

I pity those who talk the loudest, but have very little performance to show for it.

In fact, I look forward to 2021, when my long term investments in GKENT ( lowest price bought 0.46 23rd March), PCHEM ( lowest price bought 20th March 4.09), and serbadk ( lowest price bought 23rd March 1.12) gets a nice recovery and I can begin to cut down on my margin loan.

https://klse.i3investor.com/servlets/pfs/120720.jsp

Please follow here for my full record of my (retirement FUNd) with a list of exact by the sell volume and trade dates so you can compare your results and mine in a clear transparent manner.

As for sslee, good luck to his investing. So called "value" investors are everywhere. These days almost every new investor is either a TRADER or a VALUE investor. But very few INVESTORS out there who actually invest and follow in the future of a company. So easy to follow numbers. But so hard to understand the meaning behind the numbers.

Good luck.

>>>>>>>>>

Rwkl Philip,
You are peaching to the converted and appreciate the refresher.
I was just highlighting predicaments confronting investors . The
In this sharp market downturn, I am sure many would have predicted so called value stocks to hold better than growrh but it seems to prove otherwise
03/04/2020 10:09 AM

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Finally coolBull is back.

https://klse.i3investor.com/servlets/pfs/133552.jsp

Appreciate your review on NETX as per your 31st March 2020 mini competition.

Well done, NETX is best performing stock so far, 50% performance.
As usual, DLADY is horrible, worst performing stock, only 4.88%

>>>>>>>>>

Posted by CoolBull > Apr 2, 2020 11:26 PM | Report Abuse

Both Shitup & Mikeshit are sufferers of attention seeking syndrome (ASS)

But with kind of somewhat different temperaments

Shitup is like the non stop nagging & hustling type. You can only stop his nagging & hustling with some good rotan whipping on his old ponddan tua arse very probably.

Mikeshit is of the somewhat more laid back type. Thats why he is into 6 hour b2b ponddan massage & stuff like that. He still does his non stop hustling also though. But uses a lot of recycled same old shit kind of thing every day.

Finally coolBull is back.

https://klse.i3investor.com/servlets/pfs/133552.jsp

Appreciate your review on NETX as per your 31st March 2020 mini competition.

Well done, NETX is best performing stock so far, 50% performance.
As usual, DLADY is horrible, worst performing stock, only 4.88%

>>>>>>>>>

Posted by CoolBull > Apr 2, 2020 11:26 PM | Report Abuse

Both Shitup & Mikeshit are sufferers of attention seeking syndrome (ASS)

But with kind of somewhat different temperaments

Shitup is like the non stop nagging & hustling type. You can only stop his nagging & hustling with some good rotan whipping on his old ponddan tua arse very probably.

Mikeshit is of the somewhat more laid back type. Thats why he is into 6 hour b2b ponddan massage & stuff like that. He still does his non stop hustling also though. But uses a lot of recycled same old shit kind of thing every day.

Finally coolBull is back.

https://klse.i3investor.com/servlets/pfs/133552.jsp

Appreciate your review on NETX as per your 31st March 2020 mini competition.

Well done, NETX is best performing stock so far, 50% performance.
As usual, DLADY is horrible, worst performing stock, only 4.88%

>>>>>>>>>

Posted by CoolBull > Apr 2, 2020 11:26 PM | Report Abuse

Both Shitup & Mikeshit are sufferers of attention seeking syndrome (ASS)

But with kind of somewhat different temperaments

Shitup is like the non stop nagging & hustling type. You can only stop his nagging & hustling with some good rotan whipping on his old ponddan tua arse very probably.

Mikeshit is of the somewhat more laid back type. Thats why he is into 6 hour b2b ponddan massage & stuff like that. He still does his non stop hustling also though. But uses a lot of recycled same old shit kind of thing every day.

Hi coolBull, appreciate your honesty opinion.

Finally coolBull is back.

https://klse.i3investor.com/servlets/pfs/133552.jsp

Appreciate your review on NETX as per your 31st March 2020 mini competition.

Well done, NETX is best performing stock so far, 50% performance.

>>>>>>>>>

Posted by CoolBull > Apr 2, 2020 11:26 PM | Report Abuse

Both Shitup & Mikeshit are sufferers of attention seeking syndrome (ASS)

But with kind of somewhat different temperaments

Shitup is like the non stop nagging & hustling type. You can only stop his nagging & hustling with some good rotan whipping on his old ponddan tua arse very probably.

Mikeshit is of the somewhat more laid back type. Thats why he is into 6 hour b2b ponddan massage & stuff like that. He still does his non stop hustling also though. But uses a lot of recycled same old shit kind of thing every day.

His vstech Target price is 1.86, promoted April 2

RWKL, You and I have a very different concepts of valuation.

You assume that low PE and high yields to be an approximation of the quality of a company. I believe in no such thing, as pe does not look at debt, performance or forward growth of a company.

PE is just that: the confidence level that investors have in a stock. And at what price versus risk investors are willing to take to hold a stock.

PE has nothing whatsoever to do with margin of safety.

More often than not, I find myself differing with other investors in trying to relieve them if this concept.

Majority of new investors look at PE first, then decide if they want to buy a company.

For myself, I look at the company first and its long term growth prospects. Once I have decided to buy, then I use PE to decide at what price I am willing to take the risk to hold a stock.

PE is very important, it's just that it doesn't tell you anything relevant about a company's future.

And investing is about putting money today to get back more in the future.



>>>>>>>>

Posted by Rwkl > Apr 2, 2020 8:34 PM | Report Abuse

Since I have your attention please allow me to point an anomaly and it’s not intended to belittle you.
Phillip currently holds six Bursa counters ie Gkent, Pchem, Topglove, QL, Yinson and Serba. By your own admission , you have a position in the 1st two mentioned. A basic inspection by me would bear the same outcome as lowest PE and higher yields tip the scales. The other 4 will be ignored based on a combo of extremely high PE low yields high gearing etc
Strangely enough or maybe not, it’s the 2 reasonably valued stocks that tanked and the rest holding out well in relative terms. Perhaps we should unlearn what we already know. Just food for thought...... no?

This will be the most interesting crisis I have gone through yet. Serba dinamik performance is such an interesting climb I don't expect my 30% gains to last for long.

Can flow 40 million? With revenues of 33 THOUSAND? How is this possible? Nak tipu pun Jangan gitu obvious, malukah bosku?



>>>>>>>

cash flow 40mil

They are not starting a new business you pigmy. They are buying into an existing business at a low price and good rates with a AWARDED CONTRACT (something which NETX DOESN'T HAVE), and doing it by giving liquidity to rising sun energy. They have liquidity, they only give up 37.5% of the company, everyone is happy, more projects to come.

Something which NETX with its 33k a quarter revenue desperately needs. Maybe netx should buy the 700 imaginary buses that YINSON has to pump up their imaginary revenue.


>>>>>>>>
Posted by calvintaneng > Apr 2, 2020 12:59 AM | Report Abuse

Going into solar plant business when Crude OIl is so cheap at USD21 is another suicidal move

However, it is not as profitable as you might think. The tariff solar sales cost is INR 2.44 per kWh or 0.14 MYR per kWh unit( absurdly low, but this is India). Using 146k MWh per year, the safe estimate is only around 20 million per year. Yinson will get around , 7.48 million per year, aiming expenses and other costs they will probably name around 6.7 million a year. Which looks to around 10 year break even costs.

But since the project started in 2017, and the contract runs until 2042, I would say it is a very safe bet.

But that is how I prefer it. Remember that yinson has a perpetual guarantee bond which is around 999 years and needs to pay back 7.85% per year( no need to pay back principal, only coupon payments). This makes perfect sense as it is similar to its FPSO contracts ( high startup costs, but very stable earnings in the long term).

I would rather yinson do things like this rather than take riskier positions in property development or oil exploration, safe and sound investments.

My favourite kind.

It's actually not like 32 million for the 37.5% stake, and 35 million in funding to pay for the liabilities.

I also have a ppa agreement 25 year for FIT solar 24kw for my house in Sabah. So far the contract is paid using the 1% contribution fee for electricity and guaranteed by the government. Is been more than 7 years now, and so far things are going good ( the payback period on the solar system was paid off in 5 years, and future payments are pure profit, except for maintenance costs and replacement costs.

Rising Sun Energy has signed 25-year power purchase agreements, expiring in 2042, with India’s largest power utility, NTPC Limited, which is majority owned by the India.

In my opinion this is a good deal, because
A. The contracts are already up and running and awarded. So payment is GUARANTEED, as long as the proper maintenance is done ( like cleaning of solar panels and inverters), as the payment is based on generated energy.
B. for me site I generated usually around 3.5-4 hours of solar generation per day. Assuming 3 hours in India ( which I doubt due to the refraction rates), they can generate around 400mwh of generation per day, or 146k MWh per year

>>>>>>>>>>>

Posted by ferrarimaker > Apr 2, 2020 12:53 AM | Report Abuse

Hi Philip, it seems Yinson has acquired a stake in an India solar power farm (140MW). From the surface level, looks like a good deal as they paid RM 67M for 37.5% stake which equivalent to about RM179 Mil at 100% stake, comparing to RM170 Mil to build 70MW farm by one of the incumbent power player.

His personal reasons is me sadly. But he didn't go to topglove to talk bad about the stock, or talk about QL, which is still holding steady.

He still thinks YINSON has 700 bus under its umbrella.

He is a gambler and speculator plain and simple.

And when his SPECULATION in NETX was put to light, this old man because embittered and tries to sow more SPECULATION, not realising I do not buy penny stocks like he does.

So the more he talks the more idiotic he sounds.

And sadly, I seem to have caused his penny stock to drop from 2 cents ( his SPECULATION cost) by 50% losses to 1 cent. Just buy reposting information from his NETX latest annual report.

Pathetic.


>>>>>>>>>

Posted by sagaraken > Apr 1, 2020 4:20 PM | Report Abuse

Hi Calvin, based on your supreme analysis if Norway funds starts selling, not only yinson finished, all stocks bought by them also finished. Why only post this at yinson? how about the other stocks? i'm not sure what's your targeted grudge against this stock, but i hope your moral compass is still intact and your judgement is not clouded by personal reasons.

Maybe he goes home using one of yinson 700 invisible buses...

But you did see the latest quarter reports right? FPSO helang has just started deployment in Malaysia. So, you do realize what that means right?

Wow, looks like they have to sell all their 700 buses then to survive. Oh no.

Eh not going to admit your wrong assumption on 700 buses?

Eh Calvin, you forgot to mention yinson 700 bus stranded in tebrau....

If the quality of your research forgot something that was sold a long time ago, how are we supposed to believe your research today?

That shoddy piece of research came from the same research that still thought this was true... As recently as 2020.

calvintaneng SUPER BODOH HIDING IN TAWAU DOES NOT KNOW YINSON 700 FLEET OF BUSES NOW IDLE IN TEBRAU?

NO.1

RM3 BILLIONS DEBT STILL WITH INTEREST ALTHOUGH BUS ENGINES NOT RUNNING FOR ONE LONG MONTH

NO. 2

THESE RICKETY BUSES IF NOT SERVICED WILL NOW JAM UP AS MACHINES CANNOT BE OFF FOR TOO LONG

NO. 3

IF LOCK DOWN EXTENDS MEAN EVEN MORE PROBLEM FOR YINSON

SO YINSON FACES THESE

1) FIRST HIT ON THE LEFT BY LOW OIL PRICES FOR BRAZIL

BRAZIL MIGHT GO BELLY UP AND YINSON ALSO GOT BELLY UP


2) RM3 BILLIONS DEBT BOMB BACKED BY HIGH RECEIVABLES (ALL IOUS)

VERY PRECARIOUS LIKE SENDAI. SECOND HIT ON THE RIGHT

3) 700 BUSES LEFT IDLE DUE TO COMPLETE SHUT DOWN

LOANS INTEREST UP WHILE BUSES ROTTING AWAY

DIRECT HIT ON THE FACE

HEMMED IN BY ALL THESE YINSON WILL IMPLODE!!

ESCAPE FOR THY LIFE!!!

OUT NOW!!!
31/03/2020 1:39 PM

So funny, again with the oversimplification? Or is this another 700 buses that belong to yinson that you did not read about?

There never was a contract with Ghana. It was at LOI stage, meaning no contract or letter of award.

And more importantly is was not CANCELLED, but on SUSPENSION as they are still studying how best to go about it due to covid19 worries on deployment and application.

But Petrobras already signed CONTRACT, so still in progress.


tlchiat Pecan Project by Aker Energy has been cancelled. Not viable becuase the breakeven price is 49USD.
https://e24.no/energi/i/pLj0ro/roekke-og-aker-legger-ghana-prosjektet-...

But even without Ghana, they are still have a 27 billion ringgit contract in Brazil.

You understand?

Or you still think YINSON business still has buses?

>>>>>>>>>

Posted by calvintaneng > Apr 1, 2020 12:09 PM | Report Abuse

Ghana just cancelled yinson contract

With crude oil at USD20 no one in USA can survive

Come talk back more theory when you have a working portfolio going. Otherwise all you are is another fantasy writer with no results to back it up.

Why indeed? What is so bad about the annual report in NETX that the moment I repost annual report into the forum it gets deleted.


>>>>>>>>

Posted by stncws > Mar 31, 2020 8:43 PM | Report Abuse

Philip ( Dr. Fauci my Hero) Post removed. Why?
31/03/2020 8:37 PM

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