how in the world can the revenue drop by so much. even the O&M revenue and profit dropped by so much, something that is supposed to be solid.

good lord.

this one, if open for trade will straight away collapse. even EY came to same conclusion that the 6 vendors are suspecious, the 6 vendors karim said are by petronas. karim very brave, use petronas name to cheat.

@sparrow

oil has big impact on armada profit. i think 2nd highest impact in the list after pchem if i am not mistaken. least impact will be yinson, dialog, dayang and etc.

question is, oil went up so high, why their profit so low, and if oil price drop, then their profit drops and will have problem with their debt.

there got to be a reason it only went down since IPO

wtf... i hope this is real, yet to read the qr... hopefully something good. i invested rm1m in mfcb. i will hold this stock long term, good management.

@Mini2021

That is the signal we should be waiting for.

I like how everyone is throwing dirt of the other guy's previous posting/bet. like a food fight in primary school.

Children, listen up.

“Don't blame a clown for acting like a clown. Ask yourself why you keep going to the circus.”

@Peace99

Karim from Serba also subscribed to the PP ( 3 times? ) and then bought more after the KPMG thing (limit down twice). Hard to know their move unless we are close to them.

Datuk Goh Hwan Hwa, founder of the new airline... his i-serve was raided by BNM 2 months ago for illegal activities.

https://www.theedgemarkets.com/article/bnm-raids-iserve-online-mall-seizes-rm1187m-and-freezes-bank-accounts

as usual, retailers will come in and rescue all the big funds. now with pn17, big funds have no choice but to unload.

mayday mayday

@hahaso

Tony just did via Rights Issue, took all the money, now what? Also, AA's PN17 is the same as Serba's PN17, in the sense that both leads to the same ending - bankruptcy and delist.

Ask yourself, will international borders open by the end of this year? 2020 says 2021, 2021 says 2022....

Why in the world will BNM award a digital bank license to a struggling company? I think BNM is unlikely to do so.

AirAsia PN17, I heard serba investors like to buy distress company hoping for a rebound, here is another god given opportunity. If AA limit down tomorrow, take this opportunity to average down.

Before KPMG thing with Serba, there are 16K retail investors. After the KPMG thing, based on the latest AR from Serba, there are 60K retail investors. Almost 4X.

Same thing with ATAIMS.

If AA limit down 2 days, many retailers will come in and rescue all the big funds. Just like how many retailers average down Serba... allowing EPF to escape.

I dont follow much on AA, can someone explain to me what will happen next apart from the stock price limit down tomorrow. am curious.

https://klse.i3investor.com/blogs/iisb/2014-06-12-story54187-What_is_a_PN17_company_Do_you_sell_or_buy_its_shares.jsp

are they gonna sue the bondholder?

Look at KPower, insider are selling and selling. Do you know why? I think they know time is up.

why up?

so, they defaulted? any news?

ATA never even want to talk to hall or anyone to resolve the issue. how is it like ATA?

this labour issue will eventually be resolved, just like topglove. to average down or not is up to you, and if you choose to average down, do it in tiny steps. good luck.

anyone still in the serba telegram group? i was kicked out because i told people not to average down. never even attack karim, just dont average down. those people inside there must be crazy now.

This PeralWhite coming out with more fake articles than serba's fake numbers. learn from serba is it?

Quote:" So far, SD has given all co-operation and assistance needed to expedite the completion of the SIR. However, if the parties involved are un-willing to cross Malaysia’s borders, then RM1.438 billion will forever be seen but cannot be seen otherwise."

What do you meant by other parties no wanting to cross border? Hello, you think EY is shop lot auditor? KMPG and EY have branches all over the world, they dont have to fly to Middle East to verify, they can tell their people in middle east to verify for them. No need to take plane.

You are trying to brainwash yourself.

0 debt
positive cash flow
not mentioned by Andy Hall in the conference
good boss good management
Potential ATA business diverted to SKP
1 to 2 more factory expansion on the card
good dividend

what are the risk reward ratio?

a delayed QR is a bad QR.

For the past 3 days, someone or some fund has been buying huge lots of Yinson. Someone bought 5000 lots during closing, yesterday also, I think 2000 lots, then today when opening also the same, immediately 1000 lots. CIMB might be throwing because they have a warrant expiring soon, but someone is taking it up. A win (hopefully 2 or 3) is about time after almost 2 years of nothing. I rather 3 smaller wins over 1 large PDB Brazil win. Get ready boys, zoom zoom time.


---------------------------------------------------------

NOMURA REPORT

Project pipeline looks healthy with a strong likelihood of two wins Yinson has already submitted bids for three FPSO projects — Limbayong (operator Petronas), Pecan (operator Aker Energy), and Atlanta Phase 2 (operator Enauta), all three around USD500-600mn capex each. We expect Atlanta Phase 2 and Limbayong to be awarded by the end of this year (Atlanta may be announced first). Yinson is also working on pre-FEED for two more large projects for Total, which may be awarded next year, according to Yinson. Additionally, the company intends to participate in bidding for three more FPSO projects namely, Nam Du Minh in Vietnam (operator Jadestone), Block B in Vietnam (operator PetroVietnam), and Chissonga in Angola (operator Total). Some of the details of the three projects which Yinson has already bid are:

• Atlanta Phase 2: Operator Enauta already has a purchase option for a OSX-2 vessel which would be used for converting to the FPSO. Bidding for the USD500-700mn (excluding the OSX-2 vessel cost) FPSO is underway, and we expect the final result to be announced in the next few months. We also expect Yinson to be the frontrunner for the Atlanta Phase 2 FPSO. Management stated that the Atlanta project is more capital efficient than the usual projects, due to its smaller capex size as well as upfront part payment (along with the OSX-2 vessel) by the client Enauta.

• Limbayong: The Limbayong field in offshore Sabah is the first operated deepwater development project of Petronas in Malaysia. Petronas is looking at various FPSO solutions, including the upgrade of an existing floater or the conversion of an oil tanker. According to media reports by Offshore, four competitors including Yinson, MISC, Sabah International Petroleum, and Bumi Armada are vying for the Limbayong FPSO. We expect Limbayong FPSO to be awarded by the end of 2021.

• Pecan: According to media reports , the Ghana government is seeking parliamentary approval to raise USD1.65bn to buy partial stake in the Pecan project from the operator Aker Energy, to ensure that it can move ahead after being stalled for quite some time. The Ghana government is also expected (as per the above article) to provide USD350mn as upfront payment to cover capital expenditure for the Pecan project. Yinson is one of the three contractors currently in the fray for the Pecan FPSO project, which we expect to be awarded early next year.

CIMB has a warrant on QL for RM6, but have this positive thing to say with a low TP of RM4.9

Quote:"Going forward, we expect QL to post stronger qoq results from 2QFY22F onwards. This is
thanks to better consumer demand post-lifting of lockdown measures, leading to: i) better
overall poultry prices, ii) higher economies of scale, and iii) better contribution from its
Family Mart business. We also expect better results from MPM, thanks to higher fish
landing and sales of surimi-based products."

I dont even know what are they trying to say. Well, we know going forward the qr will be better as the economy opens up. duh!

Karim is the best CEO in the world.
Karim is innocent.
Karim is a hardworking person.
Serba is the best O&G co in the world.

Maybank has kinder words:

Even if the PDB tender falls through, Yinson still has 5 other firm tenders (USD4b capex) to choose from that offer better contract and ESG-related terms as well as better financing and cost structures. We think it may need to do a cash call if it secures 2 or more projects by 4Q21. Our estimates are unchanged for we had not included PDB in our TP. Winning any of these five projects could lift our earnings/ NPV.

If it is net positive, Yinson would have done everything to win this bid the second time, right? Maybe lower the bid even more. In the article, it says both parties cannot come to an agreement. This means either the bid/terms is too high for Petrobras or too low for Yinson.

If Yinson wants to win this project with even lower bid via raising Rights Issue, might as well wait it out since Yinson is the only bidder. Better save the capital and deploy it somewhere else.

Kenanga Research was right, this is like asking a girl out for the first time and she ditched you, then you go ask her out the second time, but this time you are the only boy, unlike the first time when there are many boys.... and yet, when you are the only boy she still ditches you. I think this is good news. This Petrobras deal sucks, already so low yet they still cancel.

https://www.nst.com.my/business/2020/10/633733/yinson-rebidding-petrobras-job-negative-kenanga-research

Some more Yinson needs RI to get this project going, without this, Yinson can move on with other projects and not 'sell' part of their other charter to fund this loss making project. Which will cost RM1.3B where the RM1B will come from RI and 300 via Capital Recycling.

Forget about Petrobras, focus on others. Am so glad no Rights Issue is on the table now.

U can buy cars online? How do they even process it when all of the sales people are at home?

najib pm?

MFCB bought Emery Oleochemicals from Sime Darby
https://www.malaymail.com/news/money/2021/08/19/sime-darby-plantation-pttgc-international-sell-asia-pacific-business-of-eme/1998901

Anyone with insight on this? Good deal or bad deal?

I dont even know how GKent is related to UMNO. Sure, Tan Sri was close to Najib but that was the past. Like how Scomi was Khairy's, but now it is not. Opcom also, Mukhriz sold everything but people still kept on saying it is his. walao....

So, is the result good or bad? I know PE is not everything, but at PE27 with no growth in sight, is it expensive?

results within expectation.

Their next venture will be to O&G or whatever is hot. Maybe hotels, themeparks... get ready to be conned again, but first... a consolidation.

A delayed QR is a bad sign. But it is not their fault, lockdown. what to do.

Not that Najib is clean, but at least he knows it is the economy that matters, and he doesnt go around fighting and arguing with every country. PH/Mahathir went kuku with Singappore, China, USA and more. LGE is 100% useless, go abolish GST and then not enough money, what happened? our debt went up and up and up...

am I still waiting for the penang tunnel report, last heard it is 99.9% completed. 1 simple report also took so long, and 1 simple report cost hundred of millions.

Lim Guan Eng is a useless finance minister, open mouth and stock market drop. cancel so many projects and all construction stock drop, then threaten to do wind fall tax for banks, then bank stock drop. rubbish lah.

If really LRT3 got corruption and LGE was able to solve it, this means the train size, route and everything remains the same but project price tag drop, right? but the coach size downsize, some parking removed, some stations removed, no more undertunnel and etc, then he claim he was able to reduce the cost due to corruption, what rubbish?

then go say bank dont want to lend to the poor to buy house, hello! not ban dont want to lend leh, it is they dont meet the criteria set by BNM, means they might default on the loan.... the problem is why are housing prices so high? land cost? taxes? nothing to do with the bank, if banks can loan to everyone and let them be tied to a loan forever, they would, but they can't due to BNM regulation.

And not to mention how PH abolish the GST, the best tax system in the world. WTF lah. GST is a fair tax. Remember how they say once GST is abolished, price of everything will drop 6%? where? so much bullshit.

Say out debt is Rm1 trillion, but BNM website after 2 years under PH rule reported debt is RM686B only, and this is reported to the world community too. So, what BS is the Rm1 Triilion debt? BNM make fake report to the world?

LGE is pure BS useless politician, only good at picking fights with everyone.

Say if PH win will give back Sarawak their rights? Got or not? Give them a watered down version and when they reject, say ungrateful. They want the original version.

MRT3 go cancel, what lah. That one is cricle line, what does he know about trains? go everywhere got people fetch.

Then go cancel that HSR, walao, that HSR is good, just accept China deal and China will build from Bangkok to Penang to KL to Singapore. China already build from southern china to laos to bangkok already.

Then go let Mahathir start this new 3rd national car project. no money but got money to do car? rubbish

LGE is a useless finance minister.

Dialog has 4 more months to get their act going. If they continue to slide down like this and Inari or WPRTS slowly goes up for the next 4 months, dialog will be kicked out of KLCI30. But before that, funds would have already sold their position in anticipation of this and move to either both.

https://www.theedgemarkets.com/article/consortium-including-yinson-wins-electric-cargo-vessel-development-grant-singapore

Not the first time, KWAP has been trading on this counter. buying and selling.

https://www.theedgemarkets.com/article/fintec-global-proposes-private-placement-fund-construction-glove-factory

https://www.thestar.com.my/news/nation/2021/08/09/pm-vaccination-rate-on-track-all-adults-expected-to-be-fully-vaccinated-by-october

Not a single MP in Bersatu, PAS and UMNO wants to see power fall to DAP/PKR/Anwar, especially DAP.

Whatever happens, no matter how bad they fight, they will still unite due to their hate for DAP.

if it continue to slide until end of the year.... it is gonna get kicked out of klci30.

I dont see how we can replace oil in everything. Not in flying and rockets as the density of oil far exceed the alternatives.

Hopefully they went back to the GKent-Gamuda-MMC tender.