Forum : Stock: [YINSON]: YINSON HOLDINGS BHD

Yinson Holdings Bhd through its wholly-owned subsidiary Yinson Green Technologies (M) Sdn Bhd has signed a term sheet with GreenTech Malaysia Alliances Sdn Bhd, a wholly-owned subsidiary under the Malaysian Green Technology and Climate Change Corporation, to accelerate the development of electric vehicle (EV) charging infrastructure in Malaysia. According to the term sheet, Yinson will hold a majority stake in the joint venture, which will provide EV charging stations in Malaysia.

Fabien _the efficient capital allocator

2,012 posts

Posted by Fabien _the efficient capital allocator > 2021-10-26 23:08 | Report Abuse

The Term Sheet sets the salient terms of the joint venture between both parties with majority stake owned by Yinson to provide EV charging stations in Malaysia, building upon the ChargEV network with over 400 charging stations nationwide established by MGTC, which will be injected into the joint venture.

The joint venture will strategically leverage on Yinson’s experience in logistics, sustainability governance, technology development and synergies from its diverse business divisions, as well as ChargEV’s existing infrastructure and position as the EV charging station infrastructure provider.

This follows Yinson’s recent investments into e-mobility, autonomous driverless solutions and electric harbour crafts, presenting the next step in Yinson’s roadmap of building an integrated green mobility solution.

rl68

180 posts

Posted by rl68 > 2021-10-27 09:14 | Report Abuse

https://www.investopedia.com/terms/t/termsheet.asp

Myeye

1,373 posts

Posted by Myeye > 2021-10-27 10:37 | Report Abuse

~.~

kl_guy

1,607 posts

Posted by kl_guy > 2021-10-28 11:23 | Report Abuse

cruger12345, if yinson move to rm7 is good enough.

Upupshare

78 posts

Posted by Upupshare > 2021-10-28 13:32 | Report Abuse

https://www.upstreamonline.com/exclusive/petrobras-u-turn-yinson-back-in-the-picture-for-parque-das-baleias-floater/2-1-1089896

Fabien _the efficient capital allocator

2,012 posts

Posted by Fabien _the efficient capital allocator > 2021-10-28 14:48 | Report Abuse

PDB FPSO back again

Upstream reported that Yinson Holdings, still owning the 300,000mt VLCC Hawk (formerly Apollonia), is now poised again to supply Petrobras with a mid-sized floating production, storage and offloading (FPSO) vessel for the Parque das Baleias (PDB) field in the Campos basin.

Recall that Petrobras had ruled out Yinson, the only bidder, for re-tendering outside budget parameters in August this year with indications that the second tender was going to be terminated without success.

However, Petrobras has reversed its decision. It is now negotiating with Yinson, and the two parties are understood to be close to signing a letter of intent for the charter.

Upstream indicated that Yinson has agreed to a 3% discount to a flat day rate of US$624,110 from an earlier proposed US$645,750 in May this year, which was deemed too high by the Petrobras bidding committee.

Petrobras intends to charter an FPSO over 22.5 years with a storage capacity of 1mil barrels of crude, processing capacity of 100,000 barrels per day of oil and 5mil cubic metres per day of natural gas for the development. The unit is expected to feature a total of 21 development wells, including 14 oil producers and seven water injectors.

While tentatively scheduled to begin operation in 2024, Upstream indicated that the commencement could be extended by another year to address delays in the awarding of the contract.

winwin88888888

330 posts

Posted by winwin88888888 > 2021-10-29 10:01 | Report Abuse

Steady la~ later RM6? haha

investortrader88

3,234 posts

Posted by investortrader88 > 2021-10-29 14:09 | Report Abuse

https://www.theedgemarkets.com/article/yinson-back-bidding-parque-das-baleias-fpso-contract

InsiderShark

454 posts

Posted by InsiderShark > 2021-11-01 08:08 | Report Abuse

Yinson partners with GreenTech to develop EV charging infra in Malaysia – ChargEV to be part of JV

https://paultan.org/2021/10/29/yinson-greentech-ev-charging-infra-in-malaysia-chargev-part-of-jv/

Myeye

1,373 posts

Posted by Myeye > 2021-11-01 09:31 | Report Abuse

~.~ Steady !! ~.~

jtlim318

4 posts

Posted by jtlim318 > 2021-11-01 10:54 | Report Abuse

Target raised to reflect brighter prospects ■ Upstream reported that Petrobras has agreed to a small 3% cut to Yinson’s charter rate offer for the FPSO PDB; this is a positive surprise. ■ Reiterate Add as Yinson may be closing-in on two near-term contract awards, i.e. the FPSO Atlanta and FPSO PDB, which are major re-rating catalysts.

■ Our SOP-based TP is raised to RM9.25 with the inclusion of two potential contract wins, i.e. for the FPSO Atlanta and FPSO PDB. FPSO Parque das Baleias: Will Yinson be third-time lucky?

winwin88888888

330 posts

Posted by winwin88888888 > 2021-11-02 14:44 | Report Abuse

Steady today break 6 !!!

Myeye

1,373 posts

Posted by Myeye > 2021-11-05 10:49 | Report Abuse

~.~

Soulnoob

39 posts

Posted by Soulnoob > 2021-11-05 21:00 | Report Abuse

-_- feel so boring

pinnaclegrade

367 posts

Posted by pinnaclegrade > 2021-11-08 18:49 | Report Abuse

just a matter of time before another breakout, poised to reach 6.50 at least

rl68

180 posts

Posted by rl68 > 2021-11-09 22:15 | Report Abuse

https://www.100sdgcorp.com/

Myeye

1,373 posts

Posted by Myeye > 2021-11-11 09:20 | Report Abuse

~.~

GHL000

14 posts

Posted by GHL000 > 2021-11-13 18:08 | Report Abuse

KUALA LUMPUR (Nov 13): Yinson Holdings Bhd has secured the floating production storage and offloading (FPSO) vessel contract for the Parque das Baleias field, offshore Brazil, from Petrobras.

In a statement on Friday (Nov 12), Petrobras said it had inked a letter of intent with Yinson’s unit Yinson Production Pte Ltd for the chartering and provision of FPSO services for the Parque das Baleias project, to be installed in the Jubarte Field, in the northern part of the Campos Basin.

The announcement came after it was reported that Petrobras in late October reversed its decision in August to rule out Yinson, the only bidder for the project, and the two parties were close to signing an agreement for the charter.

According to Petrobras, the FPSO is scheduled to start production in the last quarter of 2024, and will be the new unit of the definitive system to be installed in the Jubarte field. The unit will have the capacity to process 100,000 barrels of oil and five million cubic metres of gas per day.

The charter and service contract will have a duration of 22 years and six months, counted from the final acceptance of the unit, said Petrobras.