Did government leaders know why many big business from Malaysia are actually moving their business out of Malaysia.

Our Government actually treat foreign investment better than our own business owned by non-bumiputra when it come to business expansion.

Please allow me to be a FA guru for a moment:
A production and operation FPSO PAT margin is abt 34%.
The main cost for a production operation FPSO is finance cost and depreciation cost
Finance cost is tax deductable and depreciation cost is cash flow to pare down borrowings.

Repost:
FYE 2024 Yinson Production Operations results overview (YoY)
Revenue PAT

YTD Q4 FYE 2023(RM’ mil):YTD Q4FYE 2024(RM’ mil): Variance (RM’ mil)
Revenue 1,631: 2,279 : 648
Gross Profit 951: 1,480: 529
EBITDA 1,162: 1,643: 481
PAT 576 :776: 200
PATAMI 498: 628 :130
The PAT margin is 776/2279 about 34%


FYE2024 Yinson Production EPCIC results overview (YoY)
YTD Q4 FYE 2023 (RM’ mil):YTD Q4 FYE 2024(RM’ mil):Variance (RM’ mil)
Revenue 4,561 9,220 4,659
Gross Profit 813 1,440 627
EBITDA 792 1,441 649
PAT 340 682 342
PATAMI 401 648 247

During FPSO contruction EPCIC result. After FPSO delivered and acceptance then it is Production Operations results

Sometime I just wonder if you have make a grave mistake (netx or even Tsh to chase high) is it so difficult to owned up your mistake, say sorry and move on?

Aiyoyo Mike-tikus,
Musangking already asks so many times how much you hold jaks and what is your book loss?

Still too shy to answer or avoid answering with you usual cut and paste, turn and twist gibberish and slanderous.

MrFox Johnchew5@@
what is ur paper loss in jaks?
haha
16/08/2024 6:58 PM

Aiyoyo Mike/John-tikus I am a trader and will trade for 30%+ gain or for my free bintang beer and lobster.

Unlike you try to act as a FA and TA master with point 1,2,3 and 4 and said for sure Jaks 18 floor is the bottom and bought jaks from 18 to 24 and trapped youself in jaks for more than a year now.

By the way TA master mind telling what this waves name?

If you bought jaks at 12 then you are winner now but if you bought Insas at 120 you are the loser now.
So which one is good or bad investment?

So far i3lurker only recommended 2 stocks.
Gdex when Philip recommend Star to challenge him. I actually bought Star and win my usual free bintang beer and lobster.

The second time is SCIB I bought at 37 and most likely need to average down to 28 and sell at 30 to win my usual free bintang beer and lobster.

What is high quality/good assets?
And what is poor quality/bad assets?

Jaks' Evolve mall and JHDP which one is high quality which one is poor quality assets?

Insas' cash of billion and 515,008,575 inari shares good or bad assets?
Why

Why Private Placement investors pay RM 1,032,300,000 for 333,000,000 inari shares but ignored Insas?

August 14, 2024, by Melisa Čavčić
Brazilian state-owned energy giant Petrobras has expanded its floating production, storage, and offloading (FPSO) fleet off the coast of Brazil with the arrival of a new unit, according to Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings.

Following a three-month voyage, the FPSO Maria Quitéria arrived on August 10 at the Jubarte field, in the Campos Basin’s pre-salt layer, off Espírito Santo’s coast. This field, together with Baleia Anã, Cachalote, Caxaréu, Pirambú, and Mangangá fields, forms the Parque das Baleias integrated project.

The FPSO Maria Quitéria was initially expected to come online in 2025 before Petrobras advanced the start-up timeline to put the vessel into operation in the last quarter of 2024 at the Jubarte field, which lies at a water depth of approximately 1,300 meters in the northern Campos Basin, around 80 kilometers off the coast of Anchieta, Espírito Santo, Brazil

Aiyoyo I am very jealouse of Mike-tikus jaks already how many sens down and thus how many figures book loss?

Connections completed for FPSO Atlanta's 1st oil
Rio de Janeiro, July 30, 2024
Enauta Participações S.A. informs that all subsea system and lines connections with the FPSO Atlanta for first oil have been completed. Ongoing activities currently include mandatory adaptations byregulatory
agencies, final testing, and commissioning, which will conclude the operational activities scheduled to start production on the new platform, pending the issuance of environmental operating license and
authorization from Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

The implementation of Atlanta’s Definitive System has remained in line with established timeline when the project investment was sanctioned in February 2022. The illustration below presents the project’s main
delivery and execution milestones throughout 2023 and 2024. In the coming weeks, the installation campaign for the second multiphase pumping module and the connection of additional wells will commence, which will enhance FPSO Atlanta's production as planned

Aiyoyo attention seeker Mike/John-tikus come to Yinson forum to learn waves counting or just to seek attention?

AAX had proposed to acquire the aviation business for RM6.8 billion. It planned to issue new shares worth RM3 billion — 2.31 billion shares at RM1.30 each — to acquire AAAGL. As for AAB, AAX proposed to acquire it for RM3.8 billion, to be satisfied by assuming RM3.8 billion of some RM3.83 billion worth of debt that Capital A owed AAB.

So with AAAGL debts/liabilities to AAX and CapA RM 3.8 billion debts/liabilities to AAX. Then capA will be debts free and out of PN17.
The only problem is AAX will fall into PN17 by all the debts/liabilities tranfered from capA to AAX.

Hence will Bursa SC approve such deal?

Individual quarter ended 30 June 2024: Cumulative quarter ended 30 June 2024
RM Mil
Revenue A9.1 7,728 15,227
Cost of revenue (6,255) (12,383)
Gross profit 1,473 2,844
Selling and distribution expenses (523) (1,030)
Administration expenses (400) (766)
Other expenses (63) (51)
Other income 549 886
Operating profit B4 1,036 1,883
Financing costs (30) (73)
Share of (loss)/profit after tax of equity￾accounted associates and joint ventures (66) (65)
Profit before taxation 940 1,745
Tax expense B5 (131) (233)
PROFIT FOR THE PERIOD 809 1,512
Profit attributable to:
Shareholders of the Company 777 1,445
Non-controlling interests 32 67
PROFIT FOR THE PERIOD 809 1,512
Basic earnings per share attributable to
shareholders of the Company:
Based on ordinary shares issued (sen) B13 10 18

Is above a good result?
If without the other income of 549 million what will be the PAT?

It normal for the cat to shout boh chow see AAAAAAA.
Mean time to buy Insas

If the cat shout Insas canteeeeeeeeeeeek
Mean time to sell Insas

Am watching wave formation in Yinson.

Repost:
Aug 11, 2024 8:26 AM | Report Abuse

Aiyoyo Mike-tikus trapped inside jaks for more than a year and now only managed arrange down to RM 0.16 meanwhile I already take profit on Insas-WC how many rounds.

Remember to sell jaks before Q4 result out because Q4 is the quarter Jaks will report many many million of impairment losses on trade and other receivables.

As on Yinson Q4 2024, Q1 2025, and Q1 2026, you will know what is the earning of FPSO Maria Quitéria, FPSO Atlanta and FPSO Agogo. So TA Sifus watch out for the waves

Me in Petronm forum to give informations
Is cheap people Mike-tikus come to Petronm forum to seek attention?

Bought back total 800K insas-WC last few days (0.225 - 0.215). Hope to get 30% gain

Aiyoyo cheap people Mike-tikus only can afford to buy 200 share.
Mind also telling trapped inside jaks how many shares and at which floor?

Aiyoyo cheap people Mike-tikus only can afford to buy 200 share.
Mind also telling trapped inside jaks how many shares and at which floor?

Aiyoyo Mike-tikus punya TA told him HRC floor 44 is the bottom floor hence trapped himself inside HRC 44 floor untill now. Kasien!

The prime minister’s spokesperson said there was “no justification” for comments made by Elon Musk, the billionaire owner of X, who said “civil war is inevitable” after the rioting.

US civil war is inevitable if Trump lose the 2024 President election because he will start the civil war.

Mike/John-tikus copy and paste without knowing what he paste hence still trapped inside HRC penthouse 44 floor.

Know how much debts and negative equity in lose making AA Philippine?

Know what is the cashflow of the whole aviation business?
Did AAV listed in Thai and PT AirAsia TBK listed in Indonesia give any dividend to AAAGL?

So proven Mike-tikus only good in cut and paste his usual gibberish and slanderous accusations in trying hard to avoid answering a direct questions.

musangfoxking waiting for the mouse to answer ur enquiries!!!!
15/08/2024 10:33 AM
15/08/2024 5:14 PM

AAX had proposed to acquire the aviation business for RM6.8 billion. It planned to issue new shares worth RM3 billion — 2.31 billion shares at RM1.30 each — to acquire AAAGL

2.31 billion newcAAX shares what will be the dilution effect?
What are inside AAAGL?
Is AAAGL profit or lose making?

Petron corp q2 end 31/06/24 result out:
Peso million
Net income: 2,090
Attributable to:
Equity holders of parent company: 2,045
Non controlling interest: 45

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 45/0.266 =169.17 million
AT 30/6/24 1 RM =12.4 Peso
Q2 net profit= RM169.17/12.4= RM 13.64 million

Petron Phillipine already announce Q2 end 31/6/2024 result.

For your reference:
Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/
https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data
Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX-ASD2!/
Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/
SINGAPORE MOGAS 95 UNLEADED (PLATTS) FUTURES
https://www.tradingview.com/symbols/NYMEX-AV02%21/
Brent crude oil
https://tradingeconomics.com/commodity/brent-crude-oil

Repost:

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 Jan 2021)
2022 : RM 156.2 million , Dividend RM 70.0 million
2023 : RM 131 million , Dividend RM 27.385 million

Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.385 Million

Did anyone question BOD why 2023 dividend from JHDP reduce to RM 27.385 million compare to 2022 of RM 70 million?

Why Jaks did not take up the addition 10% JHDP option?

What will be expected 2024 dividend from JHDP?

Q1 2024 Finance cost RM (8,054,000) will dividend from JHDP enough to cover the finance/interest cost for FY2024?

Will there be another PP or RI in year 2025?

Assets rich but negative cash flow. Can you liquidate the assets and get the money. Or jaks will keep asking money from you thro' RI

Anyone want to buy Evolve mall from jaks?

I have no problem with people who trade for profit what I cannot fathom is people like dumbass Mike-tikus trying to act smart giving his fake FA and TA to lure newbie to chase high so that he can sell his ticket to newbie.

Expecting a poor result as refining crack spread is poor.

If insiders done all the below:
1. Need yearly PP or RI for working capital and bank loan repayment
2. Yearly multimillion impairment of trade and other receivables
3. Did not fulfilled the promise given to shareholders at AGM of no problem in getting finance from Singapore financial institute to subscribe for addition 10% JHDP option
4. Keep signing MOU but nothing materialized
5. Keep rewarding insiders with LTIP free shares grant
6. PP at lower and lowest price
7. Mike-Tikus day and night using his copy and paste misinformation or faked FA and TA to promote jaks
8. Never give any dividend to shareholders
9. Lower and lower revenue as no new jobs won.
10. Negative cashflow

With these 10 characteristics BOH CHOW CCCCCCCCCC AAAAAAAAAAAAAAAAAAA !!

My calculation quarter end 31/6/2024 the disposal of 11 milliom inari shares brought in RM 41.4 million cash with disposal gain of RM 29.6 million.

Welcome back leno.
Blog emoji will not show up.
Only comment can use emoji

leno is back???????

14 Aug 2024 - BOH CHOW CCCCCCCCCC AAAAAAAAAAAAAAAAAAA !!
Author: leno | Publish date: Wed, 14 Aug 2024, 11:54 AM

Testing 1 2 3 ....

Boh Chow cccccc Testing 4 5 6 ....

Chow Ka Chik aaaaa 7 8 9 ....

where the Fak is the Emoji ?

2Q2024 was at the tail end of Thailand’s tourism season but AAV was able to maintain a satisfactory performance, achieving a revenue of Baht 11,485 million, up 14 percent YoY. EBITDA in the quarter was Baht 1,909 million, up 5 percent from the corresponding period last year. Due to exchange rate fluctuations in 2Q2024, the Company experienced a FX loss of Baht (226) million but was nonetheless able to report a net profit of Baht 84 million that was mainly supported by improving operational performance.

AAV Q2 result.

MAINTAINED GENERATING CORE PROFIT OF 310 MTHB
Weakened Baht still resulted in FX loss of (226) MTHB, mostly unrealised

Aiyoyo,
I am a trader just trade for 30% gain or for fun of getting free bintang beer and lobster.

Unlike Mike-tikus try to act like FA and TA master (jaks' 18 floor is the bottom) and trapped himself in jaks since April 2023 and then promote jaks with misinformation day and night 24/7/365 non stop to no avail.

Did this dumbass know share of profit is a non cash flow item which does not involve cash received.

Posted by Johnchew5 > Aug 14, 2024 8:52 AM | Report Abuse
Depreciation charge is a non cash flow item which does not involve cash payment

Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million
Total = RM 529.089 Million

Only dumbass will add this together.
Know how much insas share of profit from Inari per year and dividend reveived from Inari per year?

HDPP term loan 10 years, plant depreciation 25 years. So don't expect HDPP to pay good dividend till 2030.
So only come back to revisit jaks year 2030.

Depreciation over how many years? And term loan how many years?

Know why HDPP only good in reporting good profit but can't pay good dividend?

Loss( RM 1.4 Million) + Loss( 0.4 Million ) + Profit RM 0.96 Million = Loss or Profit before tax?????

How much did LSS4 50MW cost Jaks and did LSS4 make loss/profit?
Know how much rental for 1700 acres will be and this time round any financial institution dare to lend any money to jaks?

Note: a 10 year term loan of RM 250 million taken for Envolve mall now still outstanding RM 211.42 million. Chamloh know how old already Envolve mall and how to pay the balance?

Facility Bank: Purpose of borrowing
Interest rate(% perannum):Principal amount(RM’000):Tenure:Total amount: outstanding as at LPD(RM’000):Proposed repayment(RM’000)

Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall:
6.0 250,000 10 years 211,418 13,000

Term loan Maybank Term loan provided to part financethe acquisition of a 4-storey commercial property known as Pacific Towers:
7.4 100,000 10 years 73,635 10,000

Letter of credit /Trade financingAl-Rajhi Banking
& InvestmentCorporate (Malaysia) Berhad
To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business
6.5 40,000 N/A 22,500 10,000

https://www.petronas.com/pcg/investor-relations/annual-general-meeting
2024 AGM Q&A

PREFCHEM capacity:
3.4 million tonnes per annum of Ethylene, Propylene, Butadiene, Benzene and MTBE

Question
63. News reported that China's petrochemical capacity is poised to see considerable growth, due to refinery switching to produce more petrochemical products than fuels. The local demand cannot absorb this capacity and will lead to export. Will this cause big threats to our company?
What are PCG's competitive advantages if compared to Chinese players? Do PCG have cheaper feedstock costs?

Answer:
China's self-sufficiency policy is indeed causing overcapacity in the market. We expect China to continue its capacity build-up in 2024 until later this decade. While we may expect increased competition, there are selected chemicals and related products that China, as well as other countries in the region, will continue to demand.
PCG’s competitive advantage includes our fully integrated facilities with secure feedstock supply. We have a large and diversified portfolio with close proximity to growth markets that will enable us to continue to serve the Southeast Asian markets.


68. The commissioning of our petrochemical plants at the Pengerang Integrated Complex (PIC) is still ongoing (page 18)
i. What is the total amount invested in Pengerang PetroChemical Plants?
ii. Normally how long does it take for these plants to break even?
iii. What are the expected additional depreciation charges when these plants commence operation?

Answer:
i. The PIC project is financed from external project financing facilities as well as investment by the shareholders via equity and loans.
ii. PIC is expected to provide material contribution to PCG’s future earnings, upon Commercial Operation Date (COD) subject to market conditions and gradual ramp up of plant operating rates.
iii. Upon COD, PIC will be depreciated

69. Any solution from PIC (Pengerang Integrated Complex) to handle the poor margin spread of naphtha feedstock-ethylene derivative?

Answer:
Utilising liquid feedstock is a strategic decision to reduce our dependency on gas while allowing us to grow and provide us the opportunity to produce other products that are otherwise not available
with gas-based plants.

This includes feedstock such as butadiene for our new joint venture project to produce Nitrile Butadiene Latex (NBL) and raffinate for our Isononanol plant in Pengerang, Johor.
Molecules made available from the naphtha cracker will allow us to produce high value derivatives and expand further downstream, whilst pursuing our specialty chemicals agenda. The fluctuation of margin between gas-based and naphtha-based products also provides us with earnings stability.