Hoho so is worst than Jaks that the share of profit from Finance investing !
—
This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.
IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.
Haha looks like better unloading Jtiasa as expected QR ended September with higher production output ( Peak Season ) n Dividend is ex on September 2024 !
Haha no worries, as u said earlier minimum wages RM 1700 ( floor rate not include new hires) shl not impact Jtiasa plantation!🤣🤔
3% le sap sap Sui … insider said production cost is Below RM 3000 , with additional max 3 % .. is only Below RM 3090 …
No worries la .. if there is Import/Export Duty Exemption referring to Tariff Code … who cares , just charge to customers lo . So simple in doing business le , who cares !🤣🤔
>>>
KUALA LUMPUR (Sept 13): A proposed minimum wage increase will raise the Malaysian plantation sector’s operating cost and push the companies to spend more on automation, Public Investment Bank said.
The Ministry of Human Resources is planning to propose raising the monthly minimum wage to RM1,700 from RM1,500, Nanyang Siang Pau reported, citing unidentified sources. If carried out, Public Investment Bank estimated that the operating cost of plantation companies will rise by up to 3%.
Haha During Indonesia CPO export Banned .. inflation rate is getting High n Cooking Oil price is hike , and need money for Biodiesel subsidise … thus export banned is cancelled.
This round on Thailand CPO export Banned ..
Thailand bans export of raw palm oil until December November 1, 2024 at 11:07:30 Thailand's Department of Internal Trade has temporarily banned the export of raw palm oil due to reduced production caused by drought and plant diseases.
Unit of Measure 1000 MT Rank Country Exports (1000 MT) 1 Indonesia 28,400 2 Malaysia 16,700 3 Guatemala 875 4 Papua New Guinea 800 5 Thailand 750 Year of Estimate: 2023
Haha as Jaks won the 6 years Legal trial against Star Media on Pacific Star Petaling Jaya , Selangor project on April 2024 … now proceed with the counter claimed suit total over RM 540 million.
B) Of the net impairment loss on trade receivables and other receivables totalling RM31.9 million in FY2023, how much was attributable to the Construction division? Please provide further details on the projects involved and the nature of the other receivables that have been impaired.
B) The impairment loss on trade receivables and other receivables recorded were mainly attributed to the Construction Division, primarily due to local construction projects, including the Pacific Star PJ project.
The impairment computation is based on expected credit loss model in accordance to accounting standards after taking into consideration the management's plan and action taken to recover the trade receivables, other receivables and contract assets at the date of the report. However, based on the accounting standard, accounting policy (refer to note 2(c) to the financial statements), computation and objective evidence, the above impairment is recognised to the current year P&L.
If subsequently the trade receivables, other receivables and contract assets being recovered, 👉👉👉the impairment amount will be reversed.
👉QR ended December 2023 is Loss ( RM 24.8 Million)
>> In the quarter under review, the Property Investment division recognised lower revenue contribution of RM3.1 million, from RM4.0 million achieved in the previous year's corresponding quarter.
👉 This division reported a profit before tax of RM15.4 million, compared to a loss before tax of RM5.4 million in the fourth quarter of 2022 mainly due to 👉the reversal of provision made in previous years.
Haha half past 6 Konartist sslleee why promoted Xingquin until is delisted even knew is in Account Fraud… a Big Big order cannot be verified by Auditor … container line up ( front to end ) from KL to Seremban ( per analyst article) ! Why so dumbbasx in investing!🤣🤣🤣👍🤔
Aiyoyo, Mike-tikus jayatiasa is so simple just monitor the FFB production and MPOB spot price and you should know what will be next quearter profit look like.
Jayatiasa plantation EBITDA for FYE 30/6/2024 is RM 414 million. FFB production: 1,155,478 MT Or CPO 228,631MT + PK 52,399MT
Plantation Revenue per MT FFB = 957,886,000/1,155,478 = RM 829.00 EBITDA per MT FFB= 414,132,000/1,155,478= RM 358.41 Direct cost = 829-358 = RM 470.59 per MT FFB
Segmental Information The financial information in respect of the Group’s business segments for the current financial year ended 30 June 2024 is as follows: Oil Palm Timber Others Elimination Total RM'000 RM'000 RM'000 RM'000 RM'000 REVENUE External 957,886 56,589 1,317 1,015,792 Inter segment 720,949 83,663 3,320 (807,932) - Total Revenue 1,678,835 140,252 4,637 (807,932) 1,015,792 EBITDA 414,132 (20,520) (1,598) - 392,014 Finance cost (9,998) (8,352) (111) - (18,461) Depreciation and amortisation (125,588) (10,067) (2,051) - (137,706) Segmental result 278,546 (38,939) (3,760) - 235,847 Group admin and overhead cost (27,064) Other expenses (2,190) Profit before tax 206,593
By the way Mike-tikus can't you stop cut and paste financial data from your unreliable pasar malam source but go and read the financial report.
You need realible source (financial report) to do 3 own and not just cut and paste from pasar malam source. Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level .
Posted by Mikecyc > Nov 3, 2024 4:39 PM | Report Abuse oredi said QR ended September 2024 shl be higher then previous QR .. is an Opportunity for unloading ke ???
Haha as for Jaks .. oredi said n repost in Jaks forum .. let’s see on the LSS5 2000 MW EPCC RM 7.2 billion tender award is starting to be announced on November 2024 ( normally announcement completed for whole capacity within 3 months ) .
Jaks after getting MOAT on Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion … if Jaks is succeed in tender 200 MW to 500 MW in LSS5 … Jaks Shl be getting the MOAT of efficient Scale in Solar RE industry..
Although Solarvest is Taiko ( later might be Yinson ) in RE Malaysia but its RE asset is relatively Less ! And recently PP for CGPP project to raise Fund RM 56 million.. only able to get PP funding RM 28 million.
So far as to my study .. Jaks oredi submitted 200 MW tender ( dateline 25/7/2024 ) with intention up to limit 500 MW :
Jaks 51 % : CPECC 49 % ( China partner in Vietnam Power Plant 70 % )
Land : 1730 acres in Terengganu to be leased from TDM with rental RM 578 / acre/ year ..
Land can be 200 MW to 500 MW Solar farm depends on Solar efficiency 12 % or 18 % !
Aiyoyo Mike-tikus, Jayatiasa out of total plantation land 83,483 Ha 46,880 Ha is rented land you already make so much fuss and now you recommend Inno with all rented land?
Kimlooong is OK with limited plantation land but the price already too high.
Jayatiasa price should caught up with better dividend moving forward
Mike-tikus isn't it a fact jaks do not have money to take on any more project. How sure are you on jaks getting LSS5 and how jaks going to finance it? Unless jaks asking more money from investors or shareholders with PP or RI.
Haha recalled during debated against yr idol Conartist Calvin on Jtiasa .. he is blowing on how high of the CPO price .. but I said how abt the production output.. results is as I expected, then Calvin is shy away from Jtiasa !
Haha Inno plantations in Sabah … Jtiasa rented land is Suitable for Hybrid Rice cultivation as Sarawak Gov announced on Feb 2024 :
Jtiasa
Haha interesting le , 👉referring to Annual Report FYE2023 :
Top 10 List of Properties Owned :
1.) Pulau Bruit , Bruit Land District
👉Tenure : Rented land
Existing use : Oil Palm estate, CPO mill , Building & Quarter
👉Area : 52,880 hectares ( 76 % of planted are ) .
Approximate age of building: 15 years
2.) Pulau Bruit , Lot 5,6,14,15 Bruit Land District
Tenure : leasehold until 2064
Existing use : Oil Palm estate, Building & Quarter
👉Area : 10,043 hectares
Approximate age of building: 11 years
Posted by Sslee > 24 minutes ago | Report Abuse
Aiyoyo Mike-tikus, Jayatiasa out of total plantation land 83,483 Ha 46,880 Ha is rented land you already make so much fuss and now you recommend Inno with all rented land?
Kimlooong is OK with limited plantation land but the price already too high.
Jayatiasa price should caught up with better dividend moving forward
Pulau Bruit Lot 108, Block 14 Bruit Land District Leasehold land expiring on 18.05.2064 Oil Palm Estate, Building & Quarter 5,967.1 hectares 16 years 5,998 29/Aug/2023
Haha another hidden risks … one of the reasons why Jtiasa replanting schedule is not effective???
Plantation companies seeking to renew land leases may have to return 20pct to govt By Bernama September 1, 2024 @ 8:43pm
BAGAN DATUK: A proposal is being considered for plantation companies whose land leases with the government have expired to return 20 per cent of the land to the state government if they wish to renew the lease.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the proposal is currently being thoroughly reviewed by the Bumiputera Economic Council (MEB) in collaboration with state governments and the federal territories before it is implemented.
Aiyoyo Mike-tikus do you know many of plantation land in Malalaysia and all plantation land in Sabah and Sarawak are lease hold?
So Jayatiasa is doing the right thing to rent the lease hold land?
Mike-tikus can't even different what is a proposal by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi who not even know land law is under judiciary of STATE.
Haha no worries if investors still interested on PP fund raising …
As posted earlier:
Jaks 51 % : CPECC 49 % submitted tender 200 MW , EPCC is estimated RM 800 million ( although a newspaper had published it ) :
Jaks 51 % : RM 800 million x 0.51 = RM 408 million.
As referring to Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion:
Equity 25 % , Loans 75 % .
An illustration:
Equity 25 % : 800 x 0.25 x 0.51 = RM 102 million
> EPC contract on Solar Farm construction: 800 x 0.3 x 0.2 ( profit ) = RM 48 million.
102 million- 48 million = RM 54 million can be opt from :
1.) > Accumulated Profit : March 2016 = 55,453,000 … > June 2024 = 369,116,000 .
Or
2.) Jaks non current asset :
Investment in Joint Venture:
> June 2024 = 943 ,960,000
On 75 % Loans , all parties had learned from LSS4 Tender .. need time for syndicated Loans esp on Green Loans ( lower interest rate ) .
> Jaks Gearing Ratio :
2QR ended June 2024 :
Gearing Ratio = 0.303X
—-
Posted by Sslee > 59 minutes ago | Report Abuse
Mike-tikus isn't it a fact jaks do not have money to take on any more project. How sure are you on jaks getting LSS5 and how jaks going to finance it? Unless jaks asking more money from investors or shareholders with PP or RI.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
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Posted by Johnchew5 > 1 hour ago | Report Abuse
Hoho so is worst than Jaks that the share of profit from Finance investing !
—
This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.
IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.