Hoho looks like he is better than story teller !!👏👍🤣

Hoho initially I am ok with him as posted against Calvin on 2020 in Netx ( only on what he said made 7 figures from his 2019 investment.. Phillip compiled his 2019 43 stocks .. recalled only 3 stocks r Profit ) but had 2nd judgement after read how he got his initial investment capital !😱

Hoho alamak is proven again le .. he is twisted on Harta as per his post today ..saying bought Harta at cheap price wow .. when I said he promoted Harta at RM 5.80 on early 2022 ! A liar ???😱


—-

When I asked Philip not to buy Harta so early at Rm6 or Rm7 during 2021 (or 2022) he refused so and instead he asked me to show my shares portfolio here

Hoho copied partially : is this facts n figures???



Recently I bought a lot of serba dinamik bonds and stocks.

As to why? Everyone has all the relevant information, everyone has all the reports and PDFs. Importantly, serba has kept their KPMG auditors, and added EY as external reviewers for the issues brought up by KPMG, and 3 more independent directors to monitor all information on serba dinamik.



Why would frauds and liars do something like that? All I can do is present to you a story from a very good story teller.



The Dog and the Dragon.’



The Dragon was a brilliant pearlescent color, with silver running along the contours of its body. One day, the dog saw this dragon flying overhead. The dog marveled, as one might expect. He had never seen anything so majestic or grand. The dragon soared in the sky, shimmering with iridescent colors in the sunlight. When it curved around and passed above the dog, it called out a mighty challenge, demanding in the human tongue that all acknowledge its beauty.



The dog watched this from atop a hill. Now, he wasn’t particularly large, even for a dog. He was white, with brown spots and floppy ears. Not of any specific breed or lineage, and small enough that the other dogs often mocked him. He was a common variety of a common species of a common animal that most people would rightfully ignore. But when this dog stared at the dragon and heard the mighty boast, he came to a realization. Today, he had encountered something he’d always wished for but never known. Today he’d seen perfection, and had been presented with a goal. From today, nothing else mattered. He was going to become a dragon.

Hoho is just proven the case … talk only .. buy what u not understand!🤣

Professional Ethics of Auditors: The Case of Serba Dinamik
12 Aug 2021 — The recent dispute between a listed corporation, Serba Dinamik Holdings Berhad (“Serba Dinamik”) and KPMG has made waves in Malaysia as the impending legal ...

Hoho alamak even KonLee TinKosongPetHuang is pretending as the most active Negative views commentator in Serba forum !!!😱


—-


My telegram reshares
Why I bought even more SERBADK bonds and stocks

Philip ( buy what you understand)

Publish date: Tue, 15 Jun 2021, 05:56 AM

Recently I bought a lot of serba dinamik bonds and stocks.

Hoho as he talk only , no facts n figures on his promoting stock ???

Posted by CharlesT > 25 minutes ago | Report Abuse

Seriously, do u know why u are the only one to share your shares portfolio in I3 (assuming its real lah)???

Hoho be mature in Public forum …

Hoho beware lo later his team will Curi Curi did flag !!! 🤣

Hoho on Jaks facts n figures:



Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 years.


按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年

——-

Hoho he just talk only ke .. no facts n figures…

Hoho that’s why buy what u understand flag to post remove? No facts n figures???

Hoho as I am posted earlier… what Shl be the IRR projected for each FPSO ??

Or FPSO Anna Nery ROI since 1st oil on May 2023 ?? No facts n figures???

Hoho or buy what u do not understand ???

Hoho just post on Yinson facts n figures will do … buy what u understand ?

Hoho regarding the Serba subsidiaries screenshots.. I found some variation with his threads content…he did not reply but someone replied for him .

Hoho He promoted Harta at RM 5.80 on early 2022 saying knew the cost … when a forumer asked him … he said had visited the Plant !

Hoho Charles posted FPSO Anna Nery is financed with bond USD 1.035 billion with interest 8.947 % … USD to RM is depreciated 8.93 % ( 1 year ) ..

The Question is what Shl be the Net Profit from FPSO Anna Nery Operation? Further with additional loan as Phillip posted .

Hoho yr idol Calvin said Phillip invested in Serba le , I recalled he had posted the screenshot list of Serba Subsidiaries…

Emm .. buy what u understand !

Hoho as usual KonLee konPetHuang used abusive / similar id to post abusive n unethical content threads … that’s why 3 aka id being banned permanently!🤣

——

Yinson:
Posted by Antifanacticraicm > 8 minutes ago | Report Abuse

@ Johnchew5..I am your good friend FelixCoconut aka@Antifanaticracism
Thanks for allowing me to JEE LAT your mothers ce*ebai
AND sio kan with your daughter..
Why you dare not fight with bangla
If YOU are brave go and attack sifu and macai in YTLP lah

YTLpower:
Posted by Antifanacticraicm > 13 minutes ago | Report Abuse

@ks 55...your son is wanted by police for Money laundering in MONEY GAME and you as a CBT fellow where got credibilty lah..fight and attack the sifu lah
hahahaha..read your own news lah

Hoho no worries.. KonLee KonPetHuang 3 aka id being banned permanently..

Why ah the latest aka id Mr.Huangbk being banned permanently!!🤣🤣🤣😱

Hoho Toyo is not as lucky as Jaks :


Vietnam ministry cancels coal-fired Song Hau 2 power plant, Malaysian investor explores ...
5 Jul 2024 — Vietnam's Ministry of Industry and Trade has terminated the $3 billion Song Hau 2 thermal power plant and sent a notice to Malaysia's Toyo Ink Group Berhad.

Hoho Jaks Vietnam Power Plant 1200 MW is fully ( 2 x 600 MW ) COD on January 2021 .

Hoho as posted earlier : KonLee konPetHuang as usual twisting on FCF n FCF Growth:


A) why Jaks profit from Vietnam Power Plant did not generate much FCF ( Free Cash Flow ) :



1.) Allocated in FCF Growth as Investment in Joint Venture and served as some kind of security on Loans ( although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years. ( Built- Operate- Transfer).



2.) Non current asset of Investment in Joint Venture is increased from : 

> March 2016 = 128,297,000 

TO 

> June 2024 = 943 ,960,000




3.) 1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 : 

Each year repaid loan amount = 0.196 billion 

2021 to 2023 , 3 years = 0.588 billion 

> 1.96 billion- 0.588 billion = 1.37 billion ( loans balance as at January 2024 ) . 

>> Investment in Joint Venture as on June 2024 = 0.94 billion 

👉Looks like the security on Loans is getting sufficient as JHDP is paying Dividend from yearly to half yearly as on June 2024 .

Hoho sometimes is not necessary to be Big Cap … small cap like Scicom Shl generate profit n dividend.. I had been monitoring during insider keep buying at range RM 0.40 n business expansion to overseas :

Current Ratio 4.37
Debt-Equity (DE) Ratio 0.37
FCF Yield 10.46 %
Revenue QoQ -18.03 %
Revenue YoY -21.63%
Profit QoQ -39.34 %
Profit YoY -50.26 %
Profit Margin (Sector Median: 2.9) 11.24 %
ROE (ROIC: 24.05) 24.05 %
Dividend Per Share (DPS) 6.5 sen
Dividend Yield (DY) 8.28 %

Hoho on Jaks moat * efficient scale ..in RE Solar :

1.) LSS4 50 MW in Penang .

2.) CGPP 30 MW Solar .

Only Shl be started showing efficient scale if successfully tender LSS5 2000 MW , EPCC RM 7.2 billion of 200 MW to 500 MW by November 2024 ..

Hoho referred to YTLpower during still meeting B.G number 2 condition is 3.81 at price ard RM 2.70 …

of coz need to be informative to study .

See Haha posts in YTLpower.

Hoho not like KonLee own claimed FA n TA Gutu here !🤣

There are five types of moats:

* Low-cost production; Vietnam JV Power Plant 1200 MW production cost is managed within PPA agreement n Coal Supply agreement for 25 years until 2046 , and >

JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.


* High switching costs; successfully diversified into Power / utility industry , Vietnam power plant 1200 MW , EPCC RM 8.7 billion.

To be continue :

* Network effects;
* Intangible assets;
* Efficient scale.

Hoho KonLee KonPet ke ..! 🤣

Hoho I am referring to :


The Graham number (or Benjamin Graham's number) measures a stock's fundamental value by taking into account the company's earnings per share (EPS) and book value per share (BVPS). The Graham number is the upper bound of the price range that a defensive investor should pay for the stock.

Hoho or u referred to PBB … just 1000 share 23 years ago Shl made u became a millionaire!

As said is not easy to catch the MOAT of a stock as is changing with Time … I am still learning!

Hoho it’s ok , as I said I am learning along the Posts …

As ethical Sifu 3iii said Moat of a stock ..I had posted earlier here Jaks Moat compared to Nestle ( is changing with Time ) ..

Nestle : with High ROE .

Current Ratio 0.61
Debt-Equity (DE) Ratio 4.52
FCF Yield 0.23 %
Revenue QoQ -14.55 %
Revenue YoY -13.0%
Profit QoQ -52.13 %
Profit YoY -48.27 %
Profit Margin (Sector Median: 8.2) 8.44 %
ROE (ROIC: 59.2) 85.93 %
Dividend Per Share (DPS) 268.0 sen
Dividend Yield (DY) 2.57 %

>> only those bought 15 years ago will be benefited the most .

Hoho must be Yummy on Yinson SBB ..

Hoho EPF n KWAP multiple fund managers keep rotating acquired n disposed on Yinson SBB .

Hoho referring to YTLpower , its share price had been press down over 10 years .. until Net Profit is Surge Up starting Last year :

Current Ratio 2.15
Debt-Equity (DE) Ratio 2.2
FCF Yield 2.42 %
Revenue QoQ 22.9 %
Revenue YoY -10.53%
Profit QoQ 53.49 %
Profit YoY -5.12 %
Profit Margin (Sector Median: 7.6) 15.52 %
ROE (ROIC: 7.21) 18.11 %

Hoho just call me , John .

Hoho this is very Risky if Debt is keep increasing :

The delivery strengthens Yinson's long-term partnership with Petrobras, Yinson Production chief executive officer Flemming Grønnegaard said.

“We have been steadily growing our operations in Brazil over the past few years, and with FPSO Maria Quitéria joining our fleet, we look forward to further contributing to the country’s energy needs and help drive Brazil’s economic and communities’ growth,” he added.  

The group, via Yinson Production, has nine floating assets including two en-route for delivery, with a total order book of over US$22 billion (RM94.69 billion) lasting until 2048.

Of the two vessels, FPSO Atlanta, which is serving client Enauta, is still awaiting go-ahead for first oil, according to news reports in September. That 50,000-bpd vessel arrived in the Atlanta field offshore Brazil in May, and was initially expected to be commissioned in February this year.

Another FPSO, the 120,000-bpd Agogo for client Azule Energy is expected to be completed by 2025 for commissioning by 2026, according to Yinson's investor presentation. 

Hoho that’s why I had posted earlier let’s see the Debt can be reduced by end 2025 :

>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.

Hoho I meant Production cost is increased due to Loans interest rate !😱


—-

Question : the Profit generated from this FPSO Anna Nery since 1st oil on 7/5/2023 shl be deteriorating?

Sslee
6,508 posts

Posted by Sslee > 1 hour ago | Report Abuse

Aiyoyo Mike-tikus Anna Nery Firm backlog (22.5 years): USD 5.7bn.
Yinson is still major shareholder of FPSO Anna Nery with equity stake of 63.2%.
Profit will still be in Yinson book only accounting
Profit attributable to:
Owners of the Company : 63.2%
Non-controlling interests 36.8 %

Hoho Thanks on yr update …Forumer will be more interested on FPSO Atlanta 1st oil including Top platform facilities.

Hoho how is FPSO Atlanta 1st oil by August 2024 progress , any progress update ? ( initially by February 2024 ! )

Let’s do an illustration if Delayed A Day :

"In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.


USD 1.981 billion x 4.30 = RM 8.52 billion/ 15 years x 365 days

1st oil if delayed of 1 Day Shl incurred Revenue Loss = RM 1.56 million/ day

Another risk : Currency exchange rate USD to RM is dropped to 4.30 from 4.71 .

Hoho oredi hinted to u , need to repeat :

1.) even Jaks is increased 30 % to 40 % on Vietnam Power Plant 1200 MW EPCC RM 8.7 billion…still is an associate company.. Revenue is not recorded in Jaks group !

Although Non Current Asset of Investment in Joint Venture is increased from :

> March 2016 = 128,297,000

TO

> June 2024 = 943 ,960,000


2.) Just a Business way of Give n Take although the Profit is Good .

3.) Now Jaks partner again with CPECC on LSS5 2000 MW , EPCC RM7.2 billion:

Jaks 51 % : CPECC 49 % , submitted tender 200 MW ( with intention up to limit 500 MW ) .. as an 51 % subsidiary company, Revenue Shl be recorded in Jaks group.

Let’s see tender award is scheduled to be announced on November 2024 …

—-

Posted by Sslee > 1 minute ago | Report Abuse

The question you should ask is why dispose 11.8% stake of FPSO Anna Nery for 59m USD to Japanese investors?

By the way had you ask ALP why jaks did not take up the option of addition 10% equity of JHDP?

Hoho not like Armada , after FPSO Kraken 1st oil is delayed ard 1 year with impairment ard RM 1.6 billion.. the Boss still can support its Operation in Vietnam with his own private company, although he is failed in India Telco investment over RM 20 billion.

Armada :
Current Ratio 0.66
Debt-Equity (DE) Ratio 0.93
FCF Yield 8.99 %
Revenue QoQ -8.92 %
Revenue YoY 31.16%
Profit QoQ 10.57 %
Profit YoY 123.93 %
Profit Margin (Sector Median: 7.0) 21.96 %
ROE (ROIC: 4.47) 6.18 %

Yinson :
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.24 %
Revenue QoQ -3.25 %
Revenue YoY -29.03%
Profit QoQ 0.0 %
Profit YoY -2.4 %
Profit Margin (Sector Median: 6.5) 8.99 %
ROE (ROIC: 4.16) 10.24 %

Yinson-Sumitomo secures USD670 million mini perm financing for FPSO Anna Nery

11 Aug 2021 — Sumitomo owns a 25% stake in the project. The deal has been positively received by the investment community with several banks expressing ...

Posted by Philip ( buy what you understand) > 1 hour ago | Report Abuse

And speaking of negative news, yinson selling 11% stake for 59m USD to Japanese investors.

https://themalaysianreserve.com/2024/10/22/yinson-production-completes-sale-of-minority-stake-in-fpso-anna-nery-to-k-line/


>>>
Question : the Profit generated from this FPSO Anna Nery since 1st oil on 7/5/2023 shl be deteriorating?

Hoho I read of his background in Insas during u r having fun on the TopGlove with Charles …

Hoho or maybe he will back to his close forum .. as he said earlier??🤣

Hoho then I will use Haha only post Facts n Figures as in YTLpower.. flagged will not be post removed.

Hoho still on going … Untung nya yummy ke :


Announced Date Change Type Shares Name

22 Oct 2024 17 Oct 2024 Disposed 1,001,000 EMPLOYEES PROVIDENT FUND BOARD

21 Oct 2024 16 Oct 2024 Disposed 425,200 EMPLOYEES PROVIDENT FUND BOARD

18 Oct 2024 15 Oct 2024 Disposed 50,000 EMPLOYEES PROVIDENT FUND BOARD

17 Oct 2024 14 Oct 2024 Disposed 192,100 EMPLOYEES PROVIDENT FUND BOARD

15 Oct 2024 10 Oct 2024 Disposed 100,000 EMPLOYEES PROVIDENT FUND BOARD

11 Oct 2024 08 Oct 2024 Disposed 455,503 EMPLOYEES PROVIDENT FUND BOARD

11 Oct 2024 08 Oct 2024 Disposed 472,000 EMPLOYEES PROVIDENT FUND BOARD

10 Oct 2024 07 Oct 2024 Acquired 310,700 EMPLOYEES PROVIDENT FUND BOARD