KLSE (MYR): YINSON (7293)
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Last Price
2.54
Today's Change
-0.03 (1.17%)
Day's Change
2.53 - 2.57
Trading Volume
2,384,300
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Jason Toshi Ho
4,882 posts
Posted by Jason Toshi Ho > 2019-10-01 11:40 | Report Abuse
The reason why it is trading at high PE is because the management is exemplary, hiring european team to lead and having very good financial strength in perpetual bonds (which armada doesn't even dare ask because they know no one will give) which allows them to operate efficiently and win projects with high profit .
also, not having its share price crash from RM1 to 65 cents to 15 cents does help in giving shareholders faith in the company, unlike bumi armada which not only change ceos, pays its directors absurdly but also chooses the roughest worse seas to send their fpso and pump for oil.
What do you mean on paper looks good? You mean the profit trails and FPSO charter wins and charter rates (just compare average rates with armada) are not good? Gosh!
There is nothing more transparent than a ferry business that transports oil.
Leave it up to the minority shareholder to make things more complicated than it really is.
>>>>>>>>
RJ87 As long on paper looks good, can get more perpetual bond. Can pay more dividend summore.
Isn't that why it's trading at PE32? Awesome!
26/09/2019 1:15 AM