Must start planning now how to migrate to Sarawak.

A rising tide lifts all boats. Hopefully Insas will break RM 1.20 again soon.

I already build a portfolio worth a few millions meanwhile someone is licking his wounds in his how many digits book loss on JAKS.

Someone still forever live in the past while I already move on.

When will KYY learnt his lesson not to pump and dump?

MMC taken ptivate because URUSHARTA JAMAAH SDN BHD keep selling MMC at cheaper and cheaper price until major shareholder Syed Mokhtar get angry and offer SCR to take it ptivate

Ninja is taboo in China.

Insas already owned PRAC why invest in Ninja Van?

PRAC Transport Sdn. Bhd. Provision of transportation Malaysia services, delivery of goods and courier services

PRAC BlueBox Sdn. Bhd. – Provision of transportation Malaysia services, courier services and leasing of trucks

I am more interest on when and how BOD going to deploy the billion cash hoard and not on their remuneration.

Insas isn't performing that is why I already sold most of my Insas

My Tp for Insas, Jayatiasa and OSK is RM 1.50. So far OSK already RM1.60

Sold some of my OSK and top up more Jayatiasa. Still hold on my Insas, MSC, Teoseng, Petronm which I think should report good quarter result.

Pls fasten ur seatbelt.
Turbulence ahead.

Urea futures fell to around $290 per tonne, reaching an over 3-year low, as lower natural gas and ammonia prices continued to offer fertilizer producers cost-effective feedstock. Abundant global natural gas supply, spurred by a mild winter, enabled manufacturers to ramp up production, aiding farmers in replenishing their reserves. Additionally, subdued demand for ammonia lowered expenses for fertilizer producers. At the same time, India, one of the world's largest consumers, plans to stop importing urea by the end of 2025, citing concerns about soil fertility and human health. The country's imports already decreased by 21% in 2023.

https://tradingeconomics.com/commodity/urea

Q2 end 31/12/2023
RM'000
(Loss)/Gain on fair value changes of financial assetsat fair value through profit or loss (1,081)

Hopefully Q3 end 31/03/2024 will have some gain.

Yes.
The value is mark to market every quarter.

https://klse.i3investor.com/web/blog/detail/Sslee_blog/2024-05-09-story-h-181840138-Questions_for_upcoming_Capital_A_Berhad_AGM_on_13_Jun_2024

Send this morning

investments in listed equities
Singapore equilvalent RM 102,361,000
HK equilvalent RM 37,315,000
US equilvalent RM 23,175,000
Australia equilvalent RM 10,469,000

Insas foreign investment as at 31/06/2023

US Singapore Sterling Australian Hong Kong Other Dollar Dollar Euro Pound Dollar Dollar currencies Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Financial assets at fair value through profit or loss
23,175: 102,361: 151: 769: 10,469: 37,315: 7,520: 181,760

As of 30 June 2019, the Group’s investments in listed equities are primarily in the properties and REITS, consumer products and financial services sectors in both local and overseas stock exchanges, and the

key equity investments include, amongst others, IGB REIT, Ho Hup Construction Company Berhad, Omesti Berhad, SYF Resources Berhad and Oversea-Chinese Banking Corporation Limited.

TheContrarian,
Tomorrow should I buy some Sg Bagan and Kucai?

Repost:
When you tender and received contract to build FSPO for client long term lease you then borrow money (many billions) to build the FSPO. The borrowing is recorded as liabiliaties.
On the assets side during FSPO contruction period the asset is recorded as contract asset and when FPSO delivered to client and on production state it is recorded as finance lease receivables.


Building a new FPSO costs approximately US$ 2.5 Bn to US$ 3 Bn. However, the cost of conversion of an oil tanker is approximately between US$ 1.5 Bn and US$ 2 Bn

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

I can't understand rich man thinking. Can they bring their rich to grave.

They need to understand in giving we received.

If only insas pay out to shareholders what Insas received from inari dividend what will be that dividend amount?

Wasted my so many years of asking BOD at every AGM to pay a reasonable, fair and equitable dividend.

Now I only know the real reason is Insas can't pay dividend.

By the way many qualified borrowers of Insas Credit and leasing actually pledged Insas associate companies shares for multi-million loans.

Tech hardware companies in Malaysia with exposure to Data Center
Inari
Vitrox
Frontken
Sam
Nationgate
UWC
EG

If Inari doing well then Insas will also do well

Insas credit and leasing welcome anyone to borrow million or billion as long as you are qualified and even for a hostile takeover of Insas.
Nothing personal it is just business.

Any comments before I send out the above email next week?

https://www.vesselfinder.com/?imo=8618217

FPSO Atlanta location

Thong by law still need to prove to Bursa he had the financial support to make a MGO for Insas shares that he and his PAC not owned.

Dato' Sri Thong is a great poker player. He keeep his cards close to his chest but sooner or later he need to increase his and his PAC holding and trigger 33% MGO.

Most likely that will happen when he and his PAC convert their Insas-WC.

Insas will be profitable for many years to come but what investors looking for is growth catalyst that will give sustain earning growth and that can only be acheived if Insas deploy its cash hoard to generate more incomes.

Do you believe someone relax and shopping with Family will response so fast with his cut and paste gibberish.

He look like, sound like and most likely a lonely loser with no family or friend.

Sslee
I spent yesterday traveling from Medan to Jakarta and then Jakarta to KL, now quarantined in Dorsett Subang.

I took the Citilink Flight from Medan to Jakarta, with no social distance and the flight1.5 hour late. Flight Jakarta to KL is MH 720 no delay A330-200, 8 emergency doors, manned with 2 male cabin staff and 4 air stewardess for economy class and 1 male cabin staff and 1 air stewardess for Business class. Diner served with plenty spared and air stewardess keeps asking if you need more food and drinks. I counted only about 50 passengers.

Now you know why i3lurker and PSAi3alert only fly with MAS.

Another new day and another new challenge. Life is like a book: Some chapters are sad, some are happy and some are exciting, but if you never turn the page, you will never know what the next chapter has in store for YOU. When it finally comes to the last chapter there are so many things and people you are grateful and thankful for that make this life worth living.

I thank all for the well wishes and prayers that my mum will make a speedy recovery.
2021-12-15 08:14

alenac
Wow Sslee, you got great fans over in I3i? That love and hate relationship with them.

Posted by Sslee > Feb 9, 2022 7:12 PM | Report Abuse
Many people have their own way to express their anger, anxiety and helplessness and I choose to pray and ask others to pray to relief my anxiety and helplessness.
2022-02-09 19:18


Sslee
Dear alenac
I do not have any hatred in my heart, I just get annoyed with Mike keep telling lies about me and had crossed the line of decency with his lies about me not visiting my mum.
2022-02-09 19:44

Dumbass go read M&A quarterly report and learn how M&A report Remisier Commission.

https://klse.i3investor.com/blogs/Sslee_blog/2024-05-09-story-h-181840138-Questions_for_upcoming_Capital_A_Berhad_AGM_on_13_Jun_2024.jsp

Draft questions for upcoming capital A AGM

I want to disclose I only hold 1,000 capA share so that I can send my AGM questions to capA' BOD.

Some see the glass as half empty other half full. So do you see opportunity in Yinson since its share price not yet moving but with two addition FSPO in operation in 2025 and one addition FSPO in operation come year 2026.

Cash is not king in Insas case. Insas need to deploy its cash hoard to generate more earning for it share price to move north.

If only Insas has people like Brahmal Vasudevan talent to invest its cash then Insas price will fly.

Insas' associate, subsidiary and wholly owned companies can be found in Annual report.

Financial assets at fair value only total value (mark to market) is reported in every quarterly report.

In annual report only general information on what Insas invested in are reported as below:

As of 30 June 2023, the Group’s investments in listed equities are primarily in REITS, technology and e-commerce, logistics, consumer products and financial services sectors in both local and overseas stock exchanges

Is YTLpower bad or good with high debts?

Watch out Yinson in year 2025 (addition 2 FPSO in operation) and 2026 (addition 1 more FPSO) in operation

No idea how is HDD demand and supply situation.

CPO price drop from RM 4,500 to now RM 3,800 dragging down Jayatiasa price.

OCBC, Microlink not an associate company of Insas. Insas hold some OCBC shares as fair value financial assets.

Ho Hup is one of the associate company of Insas. Even Hop Hup close shop it did not matter much to Insas. Afterall Insas is so deeply undervalued.

Current liabilities as at 31/12/2023
Trade payables: RM 238,421,953
Other payables: RM 231,693,290

So enough cashflow for above?
If not enough, no worries more PP or RI coming.

Know what is Jaks yearly Administrative expenses?

You can look into Page 215 insas 2023 Annual report on Foreign Currency Financial Assets held by Insas.

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?

The Real Trick To Making Money Is — Buy Low, Sell High.
Doesn't matter whether PN17 Serbadk, Sapnrg, CapA or blue chip Maybank, SIA.