Haha Kidd Konartist Sslleeee said Jaks sold Penang Free Hold Lands on 9/9/2024 , monetise the Lands with RM 77.74 million ( a net pro forma gain of RM50.38 million ) . Jaks LSS4 50 MW Solar plant / farm in Penang Shl be no more Land wow ..
The findings:
1.) Referred to Annual Report FYE2023 , Jaks had acquired 30 plots of Free Hold lands in Seberang Prai , Penang on 2019 .
LSS4 50 MW project is awarded on 2021 ,syndicated Loans RM 220 million is approved on March 2022 . I > Jaks sold 13 plots of Penang lands , Balance 17 plots as LSS4 50MW Solar farm .
👉👉👉>> A smart n visionary of CEO Ang business acumen.👍
As compared to LSS5 2000 MW Solar project, EPCC RM 7.2 Billion ( tender RFP dateline 25/7/2024 ) … Jaks tendered for 200 MW ( with intention up to 500 MW ) , estimated EPCC RM 800 million ,
Land : 1730 acres in Terengganu is going to lease from TDM . ( up to 500 MW .. Rental is RM 578 per acre per year ) .
Based on type of Solar Panels ( different efficiency 12 % or 18 % ) selection , the Land can be a 200 MW to 500 MW Solar farm .
—-
Posted by Sslee > 5 hours ago | Report Abuse
Kid, Yinson use short term loan to finance EPCIC project ( FPSO contruction) and after FPSO delivered and first oil Yinson refinances instead of getting equity much later, especially for non-recourse debt, Yinson brings back its returns earlier. When you bring cash flows earlier, financially your NPV goes up. It is not a financial tool, rather it is called “refinancing”. Refinancing allows Yinson to bring cash flows back to shareholders earlier, and to de-risk the project because it is non-recourse. It improves free cash flow, and that is how Yinson recycles its capital.
So if only JHDP know how to do project financing and later refinance with long term loan after operation then JHDP or Jaks will be bringing back it return earlier rather then after 2030
FPSO Maria Quitéria has a production capacity of 100,000 barrels of oil per day (bpd) ( First Oil is on October 2024 )
FPSO Atlanta production capacity = 50,000 bpd ( First Oil is Delayed)
FPSO Agogo production capacity = 120,000 bpd ( First Oil by early 2026 )
FPSO Anna Nery production capacity = 70,000 bpd ( First Oil is on May 2023 )
Yinson 2 New Operating + 2 New going to be Operating… Total 4 FPSO production capacity = 340,000 bpd ..
Compared to US 2023 Shale oil production capacity = 9,000,000 bpd ! ( represents only 70 % of US total oil production)
With the New US President Trump on November 2024 … more Shale Oil well shl be restarted production….
👉 5 days ago — Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises · OPEC cuts oil demand growth forecast for 2024, 2025 · US dollar rises ...
Haha so interesting le .. an article on Jaks LSS4 50 MW Solar project in Penang :
Case study: JAKS Solar Nibong Tebal’s multilateral financing facility
By Marlena Kareem January 31, 2023
JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).
AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).
The facilities will fund the development of a 50 MW fourth large-scale solar (LSS4) photovoltaic plant in Seberang Perai Selatan, in the state of Penang in Malaysia in addition to financing working capital requirements.
While JAKS Resources’s principal activity is the construction of power plants, JAKS Solar was incorporated specifically to undertake the development of the LSS4 photovoltaic plant in Penang.
The underlying asset for the multilateral facility is the solar plant which is inherently a sustainable power generation facility. The Islamic facilities in the multilateral financing comprise a Murabahah Tawaruq term financing facility worth RM80 million (US$18.84 million), two bank guarantees worth RM27.5 million (US$6.48 million) combined and a Murabahah Tawaruq cash line facility worth RM5 million (US$1.18 million).
The bank guarantees consist of a RM10 million (US$2.35 million) facility with a complementary term financing facility with a limit of up to RM10 million and a second bank guarantee of RM17.5 million (US$4.12 million) with a Murabahah Tawarruq complementary term financing facility with a limit of up to RM17.5 million.
👉👉 According to Ng Kit Ho, the senior vice-president of loan markets and debt markets 1 at AmInvestment Bank, the primary challenge faced by the bank in executing the financing facility was the time constraint.
“The time between execution of the power purchase agreement and financials was extremely tight (four months) and was over the festive period,” Ng told ISFI.
According to Albar & Partners, which acted as the legal counsel on behalf of the financiers in this multilateral financing facility, the guarantees required in the facility also posed a challenge.
“Tenaga Nasional, as the off-taker of the power project, would only accept one single performance guarantee for the performance of the borrower under this power project, therefore AmBank Islamic and UOB were required to enter into a fronting arrangement for AmBank Islamic to issue a bank guarantee to UOB as a fronting guarantor, who shall then issue its own conventional bank guarantee to TNB as the performance bond of the power project on behalf of the borrower,” the law firm shared.
👉👉👉 While sustainability-linked financing is steadily increasing in popularity as a financing cost-saving mechanism, Ng shared that JAKS Solar had considered sustainability-linked financing but ultimately decided against it.
Listed on Bursa Malaysia’s Main Market, JAKS Resources’s activities also include construction, power, energy and property investment and it is involved in the development of residential and commercial properties. Its principal geographical areas for its operations are located in Malaysia and Vietnam.
JAKS Solar Nibong Tebal: multilateral financing facility
RM112.5 million (US$26.5 million)
March 2022
Summary of terms and conditions Islamic facilities amount RM112.5 million (US$26.5 million) – Term financing facility RM80 million (US$18.84 million) – Bank guarantees RM27.5 million (US$6.48 million) – Cash line facility worth RM5 million (US$1.18 million) Type of facility Mixture of project finance and working capital facilities. Use of proceeds 1. Working capital requirements 2. Project costs including engineering, procurement, construction and commissioning works, professional fees, land leases and related expenses 3. Prefunding debt service reserve account 4. Financing cost of the facilities during construction 5. Fees and expenses in relation to the facilities Tenor Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period) Cash line facility: On demand Bank guarantees: Up to two years (inclusive of claim period) Profit rate/yield Undisclosed Payment frequency Term financing facility: Monthly Cash line facility: Quarterly/on demand Bank guarantees: Not applicable Legal advisor Albar & Partners Governing law Malaysian law
Haha Kidd Konartist sslleee Yinson keep refinancing its FPSO at different stages either with Less ownership equity % like FPSO Anna Nery from Yinson 75 % : Sumitomo 25 % to recently Yinson 63.2 % : K Line 11.8 % on 22/10/2024 .
Or with Higher Interest Rate :
Yinson FY2024 Annual Report ( ended January 2024 ) :
1.) Loss from net investment Hedge , ( RM 125 million)
2.) Reclassification of changes in fair value of cash flow hedges , ( RM 180 million) .
3.) Interest expenses on Loans n Borrowing = RM 1,118 million.
A.) Sukuk Wakalah : Fixed rate at 5.55 % per annum : RM 1,005 million
B.) Term Loans :
👉1.) Fixed rate at 12.0 % per annum USD > RM 1,061 million
👉2.) Fixed rate at 13.88 % per annum USD > RM 1,237 million.
3.) Floating rate vary based on Cost of funds USD > RM 478 million
4.) Floating rate vary based on Secured Overnight Financing Rate USD > RM 10,808 million.
5.) Floating rate vary based on Cost of funds INR > RM 851 million
5.a) INR > RM 141 million
Rate is reset every 5 years .
6.) Revolving Credits
Floating rate vary based on Cost of funds USD > RM 115 million
C.) Unsecured:
7.) Term Loans : Floating rate vary based on Secured Overnight Financing Rate USD > RM 543 million.
8.) Revolving Credits: Floating rate vary based on KLIBOR RM 179 million
9.) Floating rate vary based on Cost of funds RM 101 million.
—-
Yinson Production Secures USD230 Million Financing in Relation to FPSO Maria Quitéria
7 Aug 2023 — Yinson Production has secured a USD230 million term loan facility in relation to FPSO Maria Quitéria.
Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO
2 May 2024 — The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over ...
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 ...
Yinson secures funding from private equity firm for floating facility in Angola
18 Aug 2023 — Yinson Holdings Bhd has secured US$300 million (RM1.39 billion) from a private equity firm, RRJ Capital, to partly finance its floating, ...
Yinson secures $720 million financing for Maria Quiteria FPSO
7 Oct 2022 — Malaysia's Yinson Holdings has entered into a $720 million syndicated loan facility for the Maria Quiteria floating production, storage and offloading vessel.
Haha on Yinson FPSO Anna Nery Financing n Refinancing:
1.) 21/8/2021 : Sumitomo own 25 % with USD 670 million .
2.) 22/10/2024 : K Line own 11.8 % with USD 49 million.
Wow why suddenly 11.8 % for USD 49 million refinancing so so Cheap le !!!😱🤔
>>>
Yinson Production completes sale of minority stake in FPSO Anna Nery to K Line
Posted Date: 22 Oct, 2024
Yinson Production has successfully completed the sale of an 11.8% stake in Yinson Boronia Consortium Pte. Ltd., which fully owns (indirectly) FPSO Anna Nery, to Kawasaki Kisen Kaisha, Ltd. ("K" Line) through a private sale transaction (the “Sale”). 👉The Sale, first announced in July 2020, was closed on 22 October 2024 for a total cash consideration of USD 49 million.
Haha look likes the Yinson FPSO Atlanta is initially to be commissioned on February 2024 … First Oil on May 2024 .. is Delayed to August 2024 due to Brazilian strikes… but now is November 2024 … still Not First Oil yet ? Seems is a Killing factor ???? 😱😱😱🤔
Haha kidds Konartist why ah yr Kon gang aka id ValueInvestor deleted his own posts … same as in Netx le .. claimed Estate manager wow but lari so fast le …🤣🤣🤣
Haha no la the Dumbbasx like a p Kidd Konartist is not from East Malaysia… pity le working alone in Indonesia at 64++++ always said Chinese culture but did not fly back to hometown during CNY even mumm is out from icu ….
Mr Lee, Thanks in advance for the sharing. ( Posted by Sslee > 1 hour ago | Report Abuse By the way once jayatiasa reply my AGM questions, I will post it.)
The final solution dealing with toxicity is to not respond to the source of provocation and just walk away. It is difficult to do so when you are unjustly maligned but ultimately, there is no other solution.
Walk away, please go Before you throw your life away A life that I could share for just a day We should have met some years ago For your sake I say Walk away, just go Walk away, and live A life that's full With no regret Don't look back at me Just try to forget Why build a dream that cannot come true So be strong, reach the stars now Walk away, walk on
Haha another aka id as Negative commentator in TSH to promote Jtiasa.. beware …
—- Posted by Berlin > 1 hour ago | Report Abuse
The final solution dealing with toxicity is to not respond to the source of provocation and just walk away. It is difficult to do so when you are unjustly maligned but ultimately, there is no other solution.
Haha Lingui & Glenealy are under Samling group… —- Posted by dompeilee > 1 day ago | Report Abuse
Gd luck to all Jtiasa diehard believers[ of which KFC contra gambler Ytl2023 is NOT an example!] I put my bullish CPO bets on rival WTK instead, with < 1/2 the no. of outstanding tickets & with former contemporaries Lingui & Glenealy both long since privatised. Smart money is trickling into WTK & eventually, less smart $ follows as day follows night!
2.) Indonesia is the world's largest exporter of palm oil. In 2023, its total palm oil exports amounted to 27.5 million metric tons, indicating a slight increase from the previous year.
3.) In 2013, India (29% of exports) and the EU (17% of exports) were the biggest importers of Indonesian palm oil. By 2022, exports to India (12%) and the EU (10%) had declined, and China had become the largest importer of Indonesian palm oil, increasing its market share from 11% of exports in 2013 to 14% in 2022.
> In 2023, Indonesia exported around 4.82 million metric tons of palm oil to China, indicating an increase from the previous year. Indonesia exported a total of approximately 27.5 million metric tons of palm oil in that year.
Haha Kidd Konartist sslleee jangan menangis lagi le …blame here blame there .. spook here spook there …remember to take the right medicine le … doesn’t toxic the Land le …
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
46,887 posts
Posted by Mikecyc > 1 week ago | Report Abuse
Haha Kidd Konartist Sslleeee said Jaks sold Penang Free Hold Lands on 9/9/2024 , monetise the Lands with RM 77.74 million ( a net pro forma gain of RM50.38 million ) . Jaks LSS4 50 MW Solar plant / farm in Penang Shl be no more Land wow ..
The findings:
1.) Referred to Annual Report FYE2023 , Jaks had acquired 30 plots of Free Hold lands in Seberang Prai , Penang on 2019 .
LSS4 50 MW project is awarded on 2021 ,syndicated Loans RM 220 million is approved on March 2022 .
I
> Jaks sold 13 plots of Penang lands , Balance 17 plots as LSS4 50MW Solar farm .
👉👉👉>> A smart n visionary of CEO Ang business acumen.👍
As compared to LSS5 2000 MW Solar project, EPCC RM 7.2 Billion ( tender RFP dateline 25/7/2024 ) … Jaks tendered for 200 MW ( with intention up to 500 MW ) , estimated EPCC RM 800 million ,
Land : 1730 acres in Terengganu is going to lease from TDM . ( up to 500 MW .. Rental is RM 578 per acre per year ) .
Based on type of Solar Panels ( different efficiency 12 % or 18 % ) selection , the Land can be a 200 MW to 500 MW Solar farm .
—-
Posted by Sslee > 5 hours ago | Report Abuse
Kid,
Yinson use short term loan to finance EPCIC project ( FPSO contruction) and after FPSO delivered and first oil Yinson refinances instead of getting equity much later, especially for non-recourse debt, Yinson brings back its returns earlier. When you bring cash flows earlier, financially your NPV goes up. It is not a financial tool, rather it is called “refinancing”. Refinancing allows Yinson to bring cash flows back to shareholders earlier, and to de-risk the project because it is non-recourse. It improves free cash flow, and that is how Yinson recycles its capital.
So if only JHDP know how to do project financing and later refinance with long term loan after operation then JHDP or Jaks will be bringing back it return earlier rather then after 2030