YINSON HOLDINGS BHD

KLSE (MYR): YINSON (7293)

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Last Price

2.37

Today's Change

+0.01 (0.42%)

Day's Change

2.33 - 2.37

Trading Volume

2,146,600


5 people like this.

6,155 comment(s). Last comment by notaw2 3 minutes ago

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho this shl tied up Yinson investment capital as the India Solar RE project is Not 100 % financing:

Yinson Renewables :

Site investigation : 3700 MW

Projects secured : 1032 MW ( 2 to 5 years to COO ( construction, own n operate) ) .

Construction: 540 MW

COO : 557 MW ( India , estimated Capex RM 2000 million) .

FY24 AR :
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 .



—-


Operational Assets in India n Peru

USD to INR Chart
+4.38%
(1Y)
US Dollar to Indian Rupee

1 USD = 86.4806 INR
Jan 16, 2025 at 06:26 UTC

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho including projected Revenue from FPSO Agogo , Atlanta , Maria and Anna Nery as posted earlier :

Hoho just to simplify the illustration:

👉 Yearly Revenue USD 883.56 million x 4.5 = RM 3976 million / year .


QR October 2024 : Revenue RM 1900 million, ie 50 % contribution from FPSO Anna Nery … >>> 1900/2 x 4 = RM 3800 million/ year .

Total Revenue/ year = RM 7776 million

👉 Gross Profit 40 % =. RM 3110.4 million


Administrative Expenses RM 185 m x 4 = RM 740 m / year …


QR October 2024 Total Loans n Borrowings RM 19.37 billion >> interest expenses x 0.09 = RM 1743.3 million/ year .


👉 Total Loans to be paid in 25 years = RM 774.8 million/ year


👉👉 Total expenses ( excluded Hedge , SBB ) / year = RM 3258.1 million


👉👉👉 Total Expenses / year - Total Gross Profit / year = RM 147.7 million , ie : SHORT of Expenses Fund RM 147.7 million.

Posted by Holdom2040 > 1 week ago | Report Abuse

Yeah, follow investment bank's target price to buy stock.

i wonder if these banks buy their own 'targeted stock'. So many "RECOMMENDED buy" with so many upsides for Yinson. Yet Yinson need to SBB. How ironic

mf

29,858 posts

Posted by mf > 1 week ago | Report Abuse

sell

Posted by WitchDoctor7 > 1 week ago | Report Abuse

at this rate, I dont think even with FPSO Agogo striking first oil will move Yinson. Management need to show they have plans to reduce debt and be cash flow positive.

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

EPS 27.58 sen
Trailing PE (Sector Median: 10.2) 9.6

Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.46 %
Revenue QoQ -13.49 %
Revenue YoY -34.13%
Profit QoQ -1.48 %
Profit YoY -19.35 %
Profit Margin (Sector Median: 5.9) 9.92 %

Bullrun18

435 posts

Posted by Bullrun18 > 1 week ago | Report Abuse

Malaysian Tycoon Lim Han Weng’s Yinson Raises $1 Billion From Abu Dhabi Fund, Others
Jonathan Burgos
Forbes Staff
Senior editor covering billionaires, entrepreneurs and deals in Asia

Yinson Holdings—controlled by Malaysian tycoon Lim Han Weng and his family—is raising $1 billion from investors that include a unit of Abu Dhabi Investment Authority (ADIA) to fund the growth in Yinson’s oil and gas business and bankroll renewable energy projects.

ADIA’s Platinum Lily, together with funds managed by British Columbia Investment Management and RRJ Capital will subscribe to redeemable convertible preferred shares and warrants issued by Yinson Production Offshore, which builds vessels used in the offshore oil and gas industry, at a post-money valuation of $3.7 billion, Yinson said in a statement on Tuesday.

The agreement, which is expected to be completed in the first quarter, includes an option to issue additional redeemable convertible preferred shares of up to $500 million within 24 months, the Kuala Lumpur-based company said.

About $200 million of the proceeds from the transaction has been earmarked for investment in renewable energy projects as well as for distribution to Yinson Holdings shareholders via share buy backs or dividends, the company said.

Yinson, which owns and operates a fleet of floating production, storage and offloading (FPSO) vessels worldwide, has been stepping up investments in green energy technologies in recent years. It currently has 557 megawatts of operating renewable electricity generating assets, with another 1,500 megawatts in the pipeline.

https://www.forbes.com/sites/jonathanburgos/2025/01/14/malaysian-tycoon-lim-han-wengs-yinson-raises-1-billion-from-abu-dhabi-fund-others/

OTB

11,705 posts

Posted by OTB > 1 week ago | Report Abuse

I repost this message !!

Posted by PureBULL ... > 6 hours ago | Report Abuse

Sifu OTB was so daring to sailang more ytlp at 300.
my respect though for doing the right thing.

macc is the Black Swan to msian stocks.
After this unforeseen crash event,
DC + Utility theme.plays shd be on ON in the new year 2025...
-------------------------
Sifu PureBULL,
When I bought a lorry load of YTLP around 3.00 to 3.30, I just totally ignore TA and focus on FA.
I went through all projected earnings of dragon328 and also my projected earnings, I believe the net profit for FY2025 will be still higher than RM3,464 million.
There is still a growth in term of earning after including the earnings from DC.

I projected an EPS at least 0.50 for FY2026, hence I just sailang on YTLP.
The best scenario for me is to sell around 7.00 to make a 100% gain in profit.
The worst scenario is I lose back 50% of my profit if the share price dropped below 2.00 which I think is an impossible task to happen.

I just take my calculated risk.
I dare to take this bet because I have made a big sum of profit in the last 2 rounds from YTLP.

In 2023 and 2024, my biggest portfolio of investment are invested on YTLP and KGB-WB.
I bought YTLP at 1.10 and KGB-WB at 0.50.
These 2 stocks are really performed very well in the last 2 years.
I believe the god really bless me a lot.

I believe all my clients or followers are happy with these 2 stocks I recommended in 2023 and 2024.
I believe all of them win big on these 2 stocks.

Good luck.
Thank you.
------------------------

There is nothing for edwing9981 to badmouth me if he talked with facts and figures.
Of course edwing9981 is a shameless liar in this forum.
He twisted the facts to badmouth me with lies.

I recommended 2 stocks only (YTLP and KGB-WB) in 2023 and 2024, there is nothing for edwing9981 to badmouth me if he talked with facts and figures.
I recommended YTLP at 1.10 and KGB-WB at 0.50.
The share prices of both YTLP and KGB-WB increased 300% to 400% in the last 2 years.

Thank you.

OTB

11,705 posts

Posted by OTB > 1 week ago | Report Abuse


@JediMaster1,
Please take note the below message.
edwing9981 is a shameless liar and a coward in I3.
He used many accounts to cheat all readers in I3.

Posted by Zhuge_Liang > 4 hours ago | Report Abuse

The accounts of Vincenzo999, Vincent8864, Jeffrey, CaoCao, Genovese and LimPek1510 are suspended.

He uses Antifanaticracism and edwing9981 to post in this forum.
edwing9981 is the shameless liar here.
The admin will not suspend a good person's account.
edwing9981 attacked people in this forum with lies.
A coward and low class shameless liar here.

A good or innocent person will not use so many different ids to cheat all readers in this forum.
A thief, coward or a shameless liar is definitely a bad guy in this forum.
Nothing to argue, stick to the facts.
I think the god is watching him and want to punish him badly.
Shame on you !!

OTB

11,705 posts

Posted by OTB > 1 week ago | Report Abuse

Posted by jjohnchew > 1 minute ago | Report Abuse

Hoho although I am posted negative facts n figures on YTLpower as agreed with OTB … no abusive n personal attacks… solely on positive n negative facts n figures for forumers information…
-----------------
You are a gentleman loh !!
Unlike edwing9981 who is a shameless liar and a coward in I3.
He twisted the facts and badmouth me with lies.
Hence I call him a shameless liar and a coward in I3.
Thank you.

Posted by BursaVulture > 1 week ago | Report Abuse

Here.... more people attacking each other and talk about other stocks than yinson.

Posted by BursaVulture > 1 week ago | Report Abuse

Anyway, I dont understand management, why can't they just take a break and pare down debt first.

Posted by Holdom2040 > 1 week ago | Report Abuse

@Bursavulture

Ya, everyone is discussing non Yinson related

Why company dont wait n pare down debt?
I think maybe they have issue paying short term debt?
Btw, the investor values yinson production at RM11b+ (can see at the announcement pg 6)

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho insolvency ???

Posted by BursaVulture > 1 week ago | Report Abuse

@Holdom2040

They can pay their debt, they have no problem paying their debt. It is just that they kept borrowing money for more projects. They should take a break and gradually reduce their gearing to a level where it is comfortable and then continue to take new projects.

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Repost:
FPSO operation:
YTD Q1 FYE 2024(RM’ mil)
YTD Q1FYE 2025 (RM’ mil)
Variance (RM’ mil)
Revenue 365 651 286
Gross Profit 213 433 220
EBITDA 250 468 218
Core PATAMI 104 177 73
 Increase in revenue was due to fresh contribution from FPSO Anna Nery’s
operation since first oil was achieved on 7 May 2023.

Gross profit 433/651 = 66.51%
EBITDA 468/651= 71.89%
PATAMI 177/651 = 27.19%

Addition revenue after year 2026
FPSO Agogo USD million 4600/15 = 306.67 (2026 onward)
FPSO Atlanta USD million 1700/15 = 113.33
FPSO Maria Quitéria USD million 5300/22.5= 235.56
Addition USD 655.56 million per year
Per quarter USD163.89 million
USD/MYR 4.5 equalvant RM 737.505 million

Total per quarter revenue RM 651+738= RM 1,389 million
EBITDA 71.89% = RM 998.55 million
Gross profit 66.51% = RM 923.83 million
PATAMI 27.19% = RM 377.67

Above only for FPSO operation.
BOD already replied at AGM
EBITDA is expected to reach about USD 1 billion annually from 2026.

Free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

In general share price will go up in tandem with increase earning.

You can work out with each FPSO hit first oil what will be the increase earning per quarter form FPSO operation alone.

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

For me I also don't like company wasting cash for SBB and then raise cash with borrowing/Bond/RPS with very high interest rate.

Yinson should stop all these wasteful utilisation of capital and raise cash in foreign market with high interest rate.

Yinson should raise cash in Malaysia either from shareholders or Malaysia capital market that will benefit Malaysia and shareholders.

I for one will q overnight and bought their bond issued with such a high interest rate.

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Food for thought why Yinson need to raise cash from foreign capital market when Yinson should has no problem raising cash from Malaysia Capital Market.

If good Malaysia companies go oversea to raise cash then what we have in Malaysia capital market will be longkang stock like Jaks up-coming MNH RM 250 million MTN.

Summarised statements of financial position as at 31 December 2023:
FP MNH Total
RM RM RM
Non-current assets 232,040,920 324,605,814 556,646,734
Current assets 910,656 5,764,090 6,674,746
Total assets 232,951,576 330,369,904 563,321,480
Current liabilities 221,684,498 204,961,046 426,645,544
Non-current liabilities 64,635,068 196,443,411 261,078,479
Total liabilities 286,319,566 401,404,457 687,724,023
Total equity (53,367,990) (71,034,553) (124,402,543)
Attributable to:
Non-controlling interest (26,150,315) (34,806,931) (60,957,246)
Other individually immaterial
non-controlling interest (556,599)
Total non-controlling interest (61,513,845)

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

The fact.
If jaks fail to raise cash from MNH RM 250 million MTN for repayment of bank borrowing then what will happen to Jaks?

Insolvency, bankruptcy, PN17, Assets under receivership, lelong, delisting and etc?

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse


👉JAKS :

Price : 0.130
NTA : 0.60
P/B : 0.22

Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.81 %
Revenue QoQ 7.74 %
Revenue YoY 41.26%
Profit QoQ 167.57 %
Profit YoY 215.31 %
Profit Margin (Sector Median: 3.8) 35.93 %



👉YINSON:

Price : 2.53
NTA : 1.77
P/B : 1.43

Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.92 %
Revenue QoQ -13.49 %
Revenue YoY -34.13%
Profit QoQ -1.48 %
Profit YoY -19.35 %
Profit Margin (Sector Median: 5.9) 9.92 %

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho current ratio 0.64 , ie working capital only can Last for 7 months… not able to pay Current Loans n Borrowings…

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Current ratio of
FP= 910,656/221,684,498=0.0041
MNH = 5,764,090/204,961,046= 0.0281

Anyone interest to take up jaks MNH RM 250 million MTN?

Summarised statements of financial position as at 31 December 2023:
FP MNH Total
RM RM RM
Non-current assets 232,040,920 324,605,814 556,646,734
Current assets 910,656 5,764,090 6,674,746
Total assets 232,951,576 330,369,904 563,321,480
Current liabilities 221,684,498 204,961,046 426,645,544
Non-current liabilities 64,635,068 196,443,411 261,078,479
Total liabilities 286,319,566 401,404,457 687,724,023
Total equity (53,367,990) (71,034,553) (124,402,543)
Attributable to:
Non-controlling interest (26,150,315) (34,806,931) (60,957,246)
Other individually immaterial
non-controlling interest (556,599)
Total non-controlling interest (61,513,845)

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho Yinson P/B is 1.43 with Price 2.53 … what Shl be the Price if P/B is 1.00 ???

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Summarised statements of profit or loss and other comprehensive income for the
financial year ended 31 December 2023:
FP MNH Total
RM RM RM
Revenue 4,167,025 6,096,978 10,264,003
Expenses including taxation (10,817,016) (6,740,356) (17,557,372)
Net loss for the financial year, representing total comprehensive loss for the financial year (6,649,991) (643,378) (7,293,369)
Attributable to:
Non-controlling interest (3,258,495) (315,255) (3,573,750)
Other individually immaterial
non-controlling interest (1,372,966)
Total non-controlling interest (4,946,716)

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

With EBITDA of about USD 1 billion annually from 2026.

And Free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates

What should be the intrinsic value of Yinson?

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

Senior SsLee still have full faith in Yinson n their beautiful future profit projections ah??

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

All the figures looks yummy.....

Deja Vu?

I think I have seen something similar in Jaks few years ago....

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

Hope all the paper profits turns into cash profit n div, io endless PP/ Rights issues/ Bond issuance etc

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

Sifu OTB also quietly drops Yinson or Yinson-Wa fm his stock pick 2025, after selected this Co in his 2023 n 2024 stock pick

Mayb OTB's fengsui study this year shows Yinson's fengsui no good??

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho including projected Revenue from FPSO Agogo , Atlanta , Maria and Anna Nery as posted earlier :

Hoho just to simplify the illustration:

👉 Yearly Revenue USD 883.56 million x 4.5 = RM 3976 million / year .


QR October 2024 : Revenue RM 1900 million, ie 50 % contribution from FPSO Anna Nery … >>> 1900/2 x 4 = RM 3800 million/ year .

Total Revenue/ year = RM 7776 million

👉 Gross Profit 40 % =. RM 3110.4 million


Administrative Expenses RM 185 m x 4 = RM 740 m / year …


QR October 2024 Total Loans n Borrowings RM 19.37 billion >> interest expenses x 0.09 = RM 1743.3 million/ year .


👉 Total Loans to be paid in 25 years = RM 774.8 million/ year


👉👉 Total expenses ( excluded Hedge , SBB ) / year = RM 3258.1 million


👉👉👉 Total Expenses / year - Total Gross Profit / year = RM 147.7 million , ie : SHORT of Expenses Fund RM 147.7 million.



>>> : As 60 % of Term Loans per QR January 2024 is maturity between 2 to 5 years..

👉Total Loans to be paid in 10 years = RM 1937 million/ year


Total expenses ( excluded Hedge , SBB ) / year = RM 4,420.3 million


👉👉 Total Expenses / year - Total Gross Profit / year = RM 1310 million , ie : SHORT of Expenses Fund RM 1310 million.

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

I am more interest on Yinson Bond or RPS with yield close to 10%.
Yinson should do all these Bond/RPS in Malaysia so that at least I can grab some of these sure win investment financial instruments.

xiaoeh

2,968 posts

Posted by xiaoeh > 1 week ago | Report Abuse

Yinson is safe with the below condition...
as long as there is no fund rupture before Yinson is able to repay its ballooning debts with generated FCF on and after 2026 onwards
all investment come with certain risk regardless of good or not so good decision made
if u pass= management is talented= everybody sing song happy
if u failed= management is suck= everybody throwing shoes and spit on it

just talk cock only😂

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

If boh Tai chi then the return will be higher than holding their shares

If got tai chi all will go Holland together.

Mayb Philip can share his experience in Serbak Bond n his insider story

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

My concern is why all those bond issuers treated their bond as junk bond grade with much higher coupon rate...

Philip's theory is that this is a very positive scenario as it shows Yinson is capable of paying high coupon rate to show their financial strength..

Do u buy his theory?

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

Liquidity could be another concern to bond.

In Serbak's scandal, the bond straight away dropped 40% to 50% after the negative news spread out...

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho Why JAKS announced on 30/12/2024 given out Dividend after 10 years is No Dividend!👍🤔


1.) One of Variables in DCF calculation is Growth Rate

👉 Simply is Yinson DCF is getting Bad or Good ???


Yinson CAGR :

3Y 83% TTM 29.9%
5Y 51.9% TTM 33.9%


Jaks CAGR :

3Y 29.9% TTM 41.2%
5Y 0.5% TTM - 25%


2.) JAKS Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion is started payout Dividend on June 2024 , ie from yearly to half yearly !


3.) 6 years Legal Battle against Star on RM 1.1 billion Pacific Star Towers project is settled out of court on November 2024 .

FY2023 Annual Report:

> Trade Receivables

Third Parties RM 147.6 million

Retention Sum RM 134.4 million

>> the Retention Sum is for the RM 1.1 billion Pacific Star Towers Project .


4.) November 2018 RI is issued in Warrant only , WB at RM 0.25 with EX price RM 0.64 n is changed to RM 0.34 on 2022 … is 👉Maturity on December 2023 , to prevent the Take Over . A very sad battle episode as all parties are in Losses.

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Will see what will be the coupon rate of jaks MNH RM 250 million MTN.

If longkang jaks can get investors to take up MNH RM 250 million MTN at lower coupon rate then next AGM I will question Yinson BOD why their appointed bond issuers treated Yinson bond as junk bond grade with much higher coupon rate...

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

The sneaky Jon managed to run fm his Serbak Bond at some minor losses I think.

I think Philip only cut later....

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

Mayb Yinson's management copycat this fm 1MDB?

Last time 1MDB also issued their bonds at much higher coupon rate....

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

https://theedgemalaysia.com/article/cover-story-1mdb%E2%80%99s-habit-overpaying-raise-money

Home
Cover Story: 1MDB’s habit of overpaying to raise money

Edge Weekly
Cover Story: 1MDB’s habit of overpaying to raise money
By Ho Kay Tat, Cindy Yeap, Chan Jian Ming and Ben Shane Lim / The Edge Malaysia
21 Nov 2014, 07:00 pm
main news image

IN September 2009, the then newly-minted 1 Malaysia Development Bhd (1MDB) caused a stir in banking circles when it agreed to pay 5.75% annual interest on a RM5.0 billion 30-year Islamic bond that was guaranteed by the federal government.

Tongues wagged as to why the interest rate was so high when government bonds typically had to pay less than 4.0% and national oil company Petronas was paying around 3.6% at the time.

Bankers speculated that “middlemen” had profited from the spread of around 1.75% as institutional investors would have been happy to have been offered the government-guaranteed bonds, specifically called Medium Term Notes (MTNS), at 4.0%.

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Aiyoyo Serba and 1 MDB only got imaginary assets meanwhile everyone can see for themselve Yinson's FPSO and financial account: Revenue, EBITDA, PBT, PAT and etc.

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

5.75% coupon rate also making noise like hell....They never see big snake pee.......Yinson's USD500M bond issued in 2022 is 9.625%+

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

Posted by Sslee > 1 minute ago | Report Abuse

Aiyoyo Serba and 1 MDB only got imaginary assets meanwhile everyone can see for themselve Yinson's FPSO and financial account: Revenue, EBITDA, PBT, PAT and etc.

Ya ya, and yet the Inv Bankers issued their bond at a much higher coupon rate than the 1MDB's imaginary asset.......lol

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

Hoho Yinson financial reports is Operating Lease ( with Elimination ) , is Not Finance Lease ( is Not follow IFRS ) ..

Insider reply shl follow IFRS by Next FY .. ie February 2025 to January 2026 !😱🤫

jjohnchew

4,334 posts

Posted by jjohnchew > 1 week ago | Report Abuse

马交所要求上市公司 采用IFRS永续披露标准
2024年12月23日



吉隆坡23日讯)配合国家永续发展报告框架(NSRF)的推行,大马交易所修订了上市公司的永续报告框架要求,需采用IFRS永续披露标准。

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Ya ya, and yet the Inv Bankers issued their bond at a much higher coupon rate than the 1MDB's imaginary asset.......lol

On second thought can it be someone and the appointed Bond issuers were splitting their share of profit from the higher coupon rate?

CharlesT

15,153 posts

Posted by CharlesT > 1 week ago | Report Abuse

Posted by CharlesT > 8 minutes ago | Report Abuse

1MDB's imaginary assets : 5.75% coupon rate

Yinson's FPSO and financial account and beautify profit projections: 9.625% coupon rate

If u can find an explanation on the above n u r convinced so, then face the outcome lah. Either make or loss only.

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

CHENG IK KWEE By looking at the coupon rate 9.625% from the bond issue on the Nordic market, May I know if this coupon rate is considered higher than the average coupon rate for this sector? If it is higher, may I know what factors contribute to this increase, and if the bond is callable?

Reply: The coupon rate of 9.625% for Yinson’s recent bond issue on the Nordic market should be understood in the context of varying market conditions and bond types. When comparing this rate to averages within the sector, it is important to consider the differences between U.S. dollar and ringgit bond rates. For example, the base rate for U.S. dollar bonds is approximately 4%, whereas Yinson’s corporate non-project debt at the subsidiary level, which is not guaranteed by Yinson, aligns closely with this rate. Therefore, Yinson’s 9.625% coupon rate is in line with, and competitive relative to, comparable issues from its peers.

This bond is callable in three years, which provides Yinson with the flexibility to refinance if interest rates decline. If market conditions improve, Yinson can call the bond and issue a new one at a potentially lower rate.

Yinson’s historical performance with ringgit-denominated bonds in Malaysia has demonstrated its ability to achieve tighter pricing as its reputation and market presence grow. This recent $500 million corporate bond represents Yinson’s first issue in the global market. Although initial bonds may be priced slightly higher, this issue was significantly oversubscribed, indicating strong investor confidence. As Yinson continues to build its global presence and manage its debt effectively, it anticipates being able to secure more favourable pricing on future bond issues

Sslee

7,390 posts

Posted by Sslee > 1 week ago | Report Abuse

Me also buy low and trying to sell high for my free bintang beer and lobster.

Will monitor the next few quarters result to see whether the EBITDA is per the projection before putting more money into Yinson.

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