Go back to 0.8x lagi bagus. I kasi double up my stack.

I already entered 1st batch now I stay neutral. Up or down I also happy.

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I never follow any sifu, I made money from stock market my own way and my own style.

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16 bill debt as of last quarter report. This quarter taken another 1.2 + 0.5 billion of debt. Don't forget that 1.7b perpetual bond sitting at Equity in the balance sheet which also a debts. Total debts up to date should be 19.4 billion.
I `m talking about real facts not fun facts.

Yinson’s RM16bil debt too big to ignore


https://www.klsescreener.com/v2/news/view/1323355

In the last five financial years, Yinson’s debt level has ballooned by more than four-fold.

IT is no secret that Yinson Holdings Bhd has been piling on borrowings to fund its projects, but with total debt crossing RM16bil or more than double its market capitalisation, the indebtedness issue has become too glaring for shareholders to ignore.

The fact that the group sits on negative operating cash flow and that nearly 90% of its debt is US dollar-denominated have also added further concern.

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Hahaha did I lie about the super high 16 billion debts (latest is 19.4 billion) ? Did I lie about the negative 2.8 billion cash flow ?

Ask yourself do you know the FPSO business? What is the risk of this business?

It that easy to get final acceptance? Do you know the KPI stated in the contract?


You don't understand but keep promoting this stock here.

Armada Sterling V found the 1st oil in Jan 2024. Today already May 2024 still no news on final acceptance yet.

Don't know what is going on in India.

Find the first oil doesn't mean everything OK can claim the full FPSO charter rate. The most important milestone is the final acceptance sign off from the client.

If the ship could not meet the agreed KPI the client would not sign the final acceptance. The loan repayment starting from 1st oil.

FPSO is a very high risk business, the return also high once everything is on track.

16 bill debt as of last quarter report. This quarter taken another 1.2 + 0.5 billion of debt. Don't forget that 1.7b perpetual bond sitting at Equity in the balance sheet which also a debts. Total debts up to date should be 19.4 billion.
I `m talking about real facts not fun facts.

Yinson’s RM16bil debt too big to ignore


https://www.klsescreener.com/v2/news/view/1323355

In the last five financial years, Yinson’s debt level has ballooned by more than four-fold.

IT is no secret that Yinson Holdings Bhd has been piling on borrowings to fund its projects, but with total debt crossing RM16bil or more than double its market capitalisation, the indebtedness issue has become too glaring for shareholders to ignore.

The fact that the group sits on negative operating cash flow and that nearly 90% of its debt is US dollar-denominated have also added further concern.

Haha haha Uncle, manufacting quality control standard is up to 6 sigma which is 1 defect out of 1 million products produced.

FPSO is complex engineering project. Different project teams managed the FPSO development. There are too many dependency factors. No one could guarantee the outcome of each FPSO are 100% same.

Another big challenge is the subsea geography conditions of the oil field.

Not so simple as you think.

Yakah? Theoretically no impact to Yinson`s performance. Practically the FPSO charter will find reason to terminate the contract or give FPSO operators a lot of headaches during oil price down time. You check correlation between Yinson share price with global oil price?

Posted by BursaVulture > 5 minutes ago | Report Abuse

Yinson charter rates are fixed. Oil up or down dont affect them. It is like signing a long term rental contract at fixed monthly price. I dont know why you guys kept saying oil up and yinson must go up. Kenanga got a report on which counter benefit or lose the most when oil price is up or down.


If oil up, pchem is one of the top winner in bursa. Oil up or down, dont affect yinson at all.

你可以下一年半载的单？我没这本事

油价崩盘是时间的问题。没有人可以准确预测几时但是当四架FPSO完成时就差不多了。

等到油价崩盘，轻舟已过万重山。四架新的船要等下一波油价爆涨了。

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Yinson must be very lucky got the termination compensation and able to redeployed the same FPSO in other field.

Not all clients so nice in this world. Some just terminate the contract and see you in the Court which protecting own local Businesses.

Armada sterling V waited few months still no news of final acceptance. The delay actually caused by field owner or oil field geography challenges. FPSO operator just have to accept all these unforseen challenges.

The FPSO operators should think out of the box. The current build and lease business model is extremely high risk and requires huge capital commitment.

large upfront capital costs, long project timelines, complex engineering, and potential for operational challenges in remote and harsh environments. After the project completed then wait for the mercy of FPSO charter to sign the final acceptance. At the mercy of FPSO charter to give charter rate based high KPI. At the mercy of FPSO charter to give contract extension or terminate the contract during low oil price crash period.

Yesterday KWAP top up 11 million shares.

Today top up 3 million shares.

You sendiri kira up to date KWAP sudah top up berapa shares!


09 May 2024
3,000,000
Acquired Direct Interest

Haiyoh Mr. Lee you calculate probability of all 4 new FPSOs fail to get final acceptance. If all 4 failed Yinson confirm bankrupt already.

I calculate at least one failure out of 4 new FPSO ma.

P(X=1)=(1,4 ) [ (25%) + (75%)^3]

​

Posted by Sslee > 1 hour ago | Report Abuse

Random probability of tossing a coin 4 times and getting all head is 1 in 2x2x2x2.

Is that how you use to evaluate successful rate of executing multi billion FPSO projects?

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If the probability of one FPSO failing to obtain final acceptance is 25%.
Probability of exactly one FPSO failed to obtain final acceptance out of Yinson`s total 4 new FPSOs using the binomial probability formula is about 42%.

In summary Yinson is taking a very high risk on over expansion.

Thanks Mabel!

7.5% still at the high end.
This US 1.2b loan alone coupon payment almost USD 90 million or MYR 423 million a year.

The Kraken final acceptance issue almost sent Bumi Armada into PN17. Luckily AK saved Bumi Armada with his own pocket cash.

On 19th April Yinson just signed US$500 million from five-year senior secured bonds that carry a fixed coupon of whopping 9.625%.

Anyone knows the recent US 1.2 billion loan`s coupon rate?

FPSO business is very high risk business, if any new FPSO couldn't get the final acceptance approval from the charter client. Jialat already.

Look at Bumi Armada`s Kraken FPSO saga with Enquest from 2017 to 2018.

Tan Sri tengok pun mata merah. Sama sama Malaysia gloves Mekar but people already recorded so many quarters of profits. Tan Sri 加油!

https://www.theedgesingapore.com/capital/results/riverstone-reports-higher-1qfy2024-earnings-better-margin-mix

Walao ehh!!

08 May 2024
11,000,000
Acquired Direct Interest
Name of registered holder KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

KWAP top up another 3 million shares today. Why KWAP has to split into so many batches? They like telling the market, hello!! I'm back!!!

07 May 2024
3,000,000

Acquired Direct Interest
Name of registered holder KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Sharing a YouTube video about gloves stocks outlook.

If you are uncertain whether gloves stock worth to invest now, probably this video gives you an idea in term of latest status of Malaysia gloves industry.

https://youtu.be/3tyNGGe1t8Y?si=xV-Uem4hxPNul_Ks

168亿的债务不是鳼毛蒜皮，更可怕的是一年负28亿的operating cashflow。

当大多数的气油股都涨📈到五年新高，这只股和恒源一样还往下跌📉。这个格局老实说只有世外高人看得清。🤣🤣🤣

KWAP thank you very much for supporting TG again. Another 8 million shares added!


06 May 2024
5,000,000
Acquired Direct Interest

Total contract worth MYR 8.5 billion. Sapura Energy`s 50% share is about MYR 4.25B.

The god must be crazy, a company with market capital less than MYR 1 billion with 10 billion debts awarded a MYR 4.25 billion contract in international market.



Sapura Energy gets US$1.8bil worth of PLSV-related contracts | https://www.klsescreener.com/v2/news/view/1320741

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I would suggest you cut lost immediately on Monday morning to prevent any further lost. 留得青山在，不怕没柴烧! Google it if you don't know Chinese.

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How many people face green green today put your hands up. 🖐🖐

I kira Kira 250 million shares ma. Many you dapat 700?

I tak ada perasaan on his posts. All are my fake names. He post whatever he like. I continue share negative views here until he vomiting blood or he say sorry to me.

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Hari hari mari ESOS until your face green green. EPS going to dialute a lot. 200 million shares of ESOS queing to exercise. Cham boh?