YINSON HOLDINGS BHD
KLSE (MYR): YINSON (7293)
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Last Price
2.60
Today's Change
0.00 (0.00%)
Day's Change
2.59 - 2.61
Trading Volume
644,100
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Discussions
5 people like this. Showing 50 of 5,186 comments
Hoho :
Illustration study :
1.) FPSO Atlanta: Capacity 50,000 bpd. Expecting First Oil by end November 2024 .
2.) FPSO Maria : Capacity 70,000 bpd .
First Oil on October 2024 .
3.) FPSO Agogo : Capacity 120,000 bpd .
Scheduled to be First Oil by early 2026 .
Agogo funding:
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 ...
>>>
Illustration based on direct ratio of Capacity for the 3 units FPSO >>>
Debt Financing = USD 1.3 billion x 2 = USD 2.6 billion = RM 12.4 billion.
( Note : FPSO Anna Nery First Oil on May 2023 , Capacity 70,000 bpd .)
Non current contract asset : RM 11,389 m
Current contract asset : RM 544 m
👉Total Contract asset = RM 11,933 m
👉Total Loans n Borrowings = RM 19,580 m
👉The 3 units FPSO illustrated Debt Financing =. RM 12,400 million.
Non current Finance lease receivable = RM 8,164 million
Current Finance lease receivable = RM 165 million
👉> Total Finance lease receivable = RM 8,329 million 🤔 ( Assumption with Charter Contract 15 years + 5 years) .
Summary illustration:
👉Total Loans n Borrowings - Total Contract asset = RM 7,647 m
👉 Risks is getting Higher :
1.) Revenue n Profit in RM shl be reduced due to Currency Exchange rate .😱
2.) FPSO Atlanta First Oil status !😱
3.) FPSO Anna Nery ownership is reduced from 75 % to 63.2 % on October 2024 due to Refinancing.😱
4.) FPSO Agogo First Oil is scheduled on early 2026 … Let’s see Total Debt is reduced or not on 2025 as FPSO Maria is First Oil on October 2024 …..🤔
3 weeks ago
Yinson Group CEO appointed as a COSTI-BAC representative
Posted Date: 03 Dec, 2024
Yinson Group Chief Executive Officer, Lim Chern Yuan, has been appointed as one of the private sector representatives to the ASEAN Board of Advisers to the Committee on Science, Technology, and Innovation (“COSTI-BAC”) following his nomination by H.E. Satvinder Singh, Deputy Secretary-General for the ASEAN Economic Community.
Lim will serve alongside two other representatives from Cambodia and the Philippines – Start Technology Co. Ltd Vice President, Phally Phoeurn, and Philippine Chamber of Commerce and Industry President, Consul Enunina V. Mangio.
The ASEAN Committee on Science, Technology, and Innovation (“COSTI”) is committed to fostering regional cooperation in science, technology, and innovation (“STI”) to support the development of ASEAN member states. By enhancing public-private partnerships (PPPs), COSTI aims to drive innovation and capacity-building throughout the region, ensuring alignment with global trends and industry needs.
Lim commented, "The ASEAN region is uniquely positioned to lead the charge in driving innovation and technological advancement, and public-private partnerships will be critical in unlocking this potential. At Yinson, we believe that collaboration between sectors is key to fostering sustainable growth and unlocking value, and through this appointment, I look forward to helping ASEAN build a strong, dynamic ecosystem in STI that benefits both local communities and the region."
As one of the three private sector representatives, Lim – who is also a council member of the ASEAN Business Advisory Council (ASEAN-BAC) Malaysia – will provide strategic guidance to COSTI. His responsibilities will include reviewing key documents, engaging with both public and private sector stakeholders, and advocating for the private sector’s perspective in STI discussions. His insights will be pivotal in strengthening public-private collaboration and promoting innovation across ASEAN. His term will span three years, during which he will actively participate in bi-annual meetings and submit strategic recommendations to COSTI.
This appointment reinforces Yinson’s commitment to driving sustainable technology development and fostering regional collaboration in STI to advance economic growth and cooperation across ASEAN.
https://www.yinson.com/highlights/
3 weeks ago
Time charter rate of Yinson FPSO
1. Fpso Agogo usd 750,000 a day
2. Fpso Maria Quiteria usd 600,000 a day
3. Fpso Atlanta usd 305,000 a day
3 weeks ago
Hoho any progress update ???
Posted by WitchDoctor7 > 3 days ago | Report Abuse
FPSO Atlanta first oil
2 weeks ago
i also dont know... haha... soon... but got to admit, am disappointed with yinson already
2 weeks ago
This fella also don’t know disappointed for what ? you ask him this fella also don’t know how to answer you 😂😂😂
2 weeks ago
disappointed with their debt, seems like they want to take on more debt to win more projects instead of slowing down and pay down some debt.
i much prefer they take a break and reduce their debt, i understand mr.lim said the market has never been this good, but this doesn't mean taking more debt and winning projects is the way to go.
2 weeks ago
Sslee
Repost:
Just a simple summary:
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
And if interest rate drop then FCF will be more.
1 week ago
2 weeks ago
Sslee
In case you can't understand the above mean:
EBITDA is expected to reach about USD 1 billion annually from 2026
USD 700-800 million will be used for repaying debt and interest based on today’s interest rates
Balance FCF USD 200 – USD 300 million annually will be used either as dividend to reward shareholders or for business expansion.
And if interest rate drop, interest payment will be less and thus FCF will be more
2 weeks ago
https://www.nst.com.my/business/corporate/2024/12/1147951/yinsons-3qfy25-net-profit-falls-rm200mil
"The strong focus on deliveries means we will pause significant new investments until current projects are completed, and cash flows begin," the company said.
1 week ago
So much good news about this company on the forum and from all the analysts ... yet figures contradict their statements. Recent numbers:
_______________________________________________________
EPS: RM0.062 (down from RM0.073 in 3Q 2024).
Revenue: RM1.85b (down 34% from 3Q 2024).
Net income: RM200.0m (down 6.1% from 3Q 2024).
1 week ago
I wandering this company is working hard and taking all the risk but at the end earning money for the bankers. Minor shareholders get nothing but frustration.
1 week ago
Philip ( buy what you understand)
That is probably because using eps as a guide is not very accurate. Their basic business model is they don't get paid until the fpso produces oil, although in same cases they are paid in advance for the construction of fpso. So the main idea is over the ships are sent to site and hits first oil is when it actually starts producing income. Similar to a power plant utility business, no real income until plant are operational. Currently now only maria quitera first oil which was in October 15th, so will only be reflected next quarter earnings. And Atlanta which is targeted for December first oil, which will also only be reflected in next next quarter earnings. Until then, what we are looking for is a reduction in epcc revenue as only left one more FPSO which is ahead of schedule and expected to hit first oil in 4th quarter 2025.
>>>>>
Robert Waters
So much good news about this company on the forum and from all the analysts ... yet figures contradict their statements. Recent numbers:
_______________________________________________________
EPS: RM0.062 (down from RM0.073 in 3Q 2024).
Revenue: RM1.85b (down 34% from 3Q 2024).
Net income: RM200.0m (down 6.1% from 3Q 2024).
1 week ago
Philip ( buy what you understand)
In the latest quarter you have 1c dividends and 100 million in share buyback. In my opinion as they are keeping almost 3 billion in cash to offset the long term loans, and since they are in a growth stage where next quarter they should be receiving almost 300+ million in earnings from fpso operations with another fpso coming online next year, I think the wait is frustrating and fully justified for investors.
For me since I like long term investments, this is something online with my investment philosophies so I'm more than happy holding
1 week ago
the question is will they continue to load up with debts or will they take a break? lim kept saying this has never been a good time for fpso co, and we all know what happened to the greedy dog crossing the river. just because it is a good time doesn't mean loading up more debt is a good idea. yinson needs to take a break.
1 week ago
Philip ( buy what you understand)
I very much agree on this, the gestation period is 4:1, which means their 20 year contracts yinson will only break even in 4 years, according to the contracts. The risk is almost cleared with fpso now deployed and working (maria quitera, atlanta and now waiting for the last on e agogo). But the true value of yinson will only emerge and debts cleared out only 5 years after the fpso hits first oil (as their contracts are day rate charter).
I do hope they will start to slow down and pare off debt, but also am worried as their incoming CFO and CEO are both young and very ambitious young men with big dreams. i think worth to jump in and gamble, but in the end still very agressive indeed. we will see next year after the warrants end, and they can increase debt retiring and payments
MiaoMiao7
the question is will they continue to load up with debts or will they take a break? lim kept saying this has never been a good time for fpso co, and we all know what happened to the greedy dog crossing the river. just because it is a good time doesn't mean loading up more debt is a good idea. yinson needs to take a break
1 week ago
https://www.nst.com.my/business/corporate/2024/12/1147951/yinsons-3qfy25-net-profit-falls-rm200mil
"The strong focus on deliveries means we will pause significant new investments until current projects are completed, and cash flows begin," the company said.
1 week ago
Hoho any Update on FPSO Atlanta First Oil ? Initially to be commissioned on February 2024 .. First Oil by May 2024 .. then is delayed to August 2024 .. further delayed to End November 2024 …..
2 days ago
Hoho The group, via Yinson Production, has nine floating assets including two en-route for delivery, with a total order book of over US$22 billion (RM94.69 billion) 👉 lasting until 2048.
Of the two vessels, FPSO Atlanta, which is serving client Enauta, is still awaiting go-ahead for first oil, according to news reports in September. That 50,000-bpd vessel arrived in the Atlanta field offshore Brazil in May, and was initially expected to be commissioned in February this year.
2 days ago
👉 Total Loans n Borrowings: Compared Q to Q : is reduced by RM 207 million.
But Total Contract Assets : Compared Q to Q : is reduced by RM 6,545 million.
Total Contract Assets :
> QR October 2024 :
Non current contract asset : RM 4,754 m
Current contract asset : RM 634 m
👉Total Contract asset = RM 5,388 m
Total Loans n Borrowings = RM 19,373 m
> QR July 2024 :
Non current contract asset : RM 11,389 m
Current contract asset : RM 544 m
👉Total Contract asset = RM 11,933 m
Total Loans n Borrowings = RM 19,580 m
USD Loans n Borrowings interest is 12 % n 13.88 % ( AR FY24 )
2 days ago
Hoho as posted earlier:
>>> 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.
Updated:
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。
2 days ago
Hoho If you insist to invest in Yinson then come back in year 2048 ke …
KonLee I copied some wording from yr post le .. Tq .
2 days ago
John-no ball please work harder to press down the price so that I can collect at cheaper price.
My many thanks in advance.
1 day ago
Most of the Yinson investors are smart person they know what is the value of this stock in future no matter how Johnchew @ Miketikut bad mouth of this stock are useless 😆
1 day ago
Hoho Konlee why ah Total Contract Assets is Reduced by RM 6,545 million ??? 😱😱😱🤔
👉 Total Loans n Borrowings: Compared Q to Q : is reduced by RM 207 million.
But Total Contract Assets : Compared Q to Q : is reduced by RM 6,545 million.
Total Contract Assets :
> QR October 2024 :
Non current contract asset : RM 4,754 m
Current contract asset : RM 634 m
👉Total Contract asset = RM 5,388 m
Total Loans n Borrowings = RM 19,373 m
> QR July 2024 :
Non current contract asset : RM 11,389 m
Current contract asset : RM 544 m
👉Total Contract asset = RM 11,933 m
Total Loans n Borrowings = RM 19,580 m
USD Loans n Borrowings interest is 12 % n 13.88 % ( AR FY24 )
1 day ago
Hoho USD 49 million is ard RM 210 million.. QR ended October 2024 with Profit RM 200 million… no worries le .. FPSO Maria is First Oil on October 2024 .. now can start Refinancing also …. But why Total Contract Assets is Reduced by RM 6,545 million on QR ended October 2024 ?🤔
Refinancing on October 2024 sold 11.8 % equity of FPSO Anna Nery … ownership is reduced from 75 % to 63.2 % !😱
22/10/2024 : K Line own 11.8 % with USD 49 million.
1 day ago
>Referred to FY2024 Annual Report >
Treasury shares ( SBB ) : 157,333,000 unit ( 4.94 % , RM 369 million)
> QR ended July 2024 :
Treasury shares ( SBB ) : ? Unit ( ? % , RM 470 million )
> QR ended October 2024 :
Treasury shares ( SBB ) : ? Unit ( ? % , RM 607 million )
👉Question: Why Spent so much money on SBB to push up the Price ? Where as EPF n KWAP rotating Cari Untung , yummy yummy 🤤 either Price Up n Down…The worst is loans n borrowings is keep increasing ?? 😱
1 day ago
Aiyoyo
When FPSO under contruction you record the asset as contract assets.
When FPSO delivered and hit first oil you tranferred the contract assets to Finance lease receivables.
Understand!!!
1 day ago
Sslee no need explain to Johnchew @ miketikus coz this fella is just one of the straw bag on his eye is only have the trash stock Jaks even how bad junk stock Jaks he will trying very hard to twisted it ! but useless !
1 day ago
Hoho so it will be like Jaks lo Profit n FCF from Finance Investing.. not from Operating activities… Copied yr sentence … just changed company Name : Yinson Income in Operating activities is failed lo !🤣
—-
Posted by Sslee > 53 minutes ago | Report Abuse
Aiyoyo
When FPSO under contruction you record the asset as contract assets.
When FPSO delivered and hit first oil you tranferred the contract assets to Finance lease receivables.
Understand!!!
23 hours ago
Hoho or is due to IFRS as posted earlier:
>>> 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.
23 hours ago
Yinson Total Assets :
Hoho interesting le … Q to Q is Reduced by RM 1,323 million !!! 😱😱😱
QR October 2024 : 30,075 million
QR July 2024. : 31,398 million
23 hours ago
So KonLee what Yinson Financial Report shl be different starting next financial year ???
Hoho will it be like TDM case ? During MFRS standard on 2019 … TDM with new auditor on 2019 , rectified the Mis-location issues, FY2019 is in Huge Loss , rectified FY2018 from Profit to Loss …. FY2020 to FY2022 is incurred Losses..
23 hours ago
Hoho see posted earlier..Elimination here n there … due to Mati mati mau Operating Lease instead of Finance Lease …macam ini kepala pusing dan pening le … easily made mistakes le ….
Yinson :
QR ended July 2024 :
Segment information : RM million
> For the 6 months period ended July 2024 :
1.) Renewable : Gross Revenue 66 million- Elimination 1 million = 65 million
Results : + 9 million.
2.) Green Technology: Gross Revenue 26 million- Elimination 19 million = 7 million
Results: - 22 million
3.) Other Operations : Gross Revenue 459 million- Elimination 458 million = 1 million
Results: - 47 million
👉4.) FPSO Operations: Gross Revenue 2904 million- Elimination 1521 million = 1303 million
Results: + 810 million
23 hours ago
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。
一、展示公司过去三个财年的SROs绩效和进展的指标和目标，并以规定格式提供数据摘要；
https://www.enanyang.my/node/641911
23 hours ago
Hoho KonLee as mentioned in Netx on 2020 …. Bad intentions shl bring Bad karma le …. Good intentions shl bring Good karma le … oredi is proven in Netx .
What a coincidence le .. IFRS …
22 hours ago
But not the Pretender KonLe n
JeDie : Alibaba n others id as Promoter in Lambo since 2020 , is delisted on October 2024 … Scenery as Negative commentator in Netx on 2nd Half 2020 .
22 hours ago
Hoho how is FPSO Atlanta First oil by August 2024 progress , any progress update ? ( initially commissioned by February 2024 … First Oil by May , then August, then end November 2024 ??? 🤔
Let’s do an illustration if Delayed A Day :
"In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.
USD 1.981 billion x 4.30 = RM 8.52 billion/ 15 years x 365 days
1st oil if delayed of 1 Day Shl incurred Revenue Loss = RM 1.56 million/ day
Another risk : Currency exchange rate USD to RM is dropped to 4.46 from 4.71 .
20 hours ago
> QR October 2023 :
Total Contract Assets: 8,231 million
Total Assets : 26,801 million
Total Finance Lease Receivables: 8,245 million
>> QR July 2023 :
Total Contract Assets: 6,165 million
Total Assets : 22,335 million
Total Finance Lease Receivables: 7,928 million
——
Yinson FPSO Atlanta
US$1.981 billion
"In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.
19 hours ago
The person claimed have 13 id in i3 and 4 is suspended !
Genovese ( suspended )
Mikecyc ( Suspended )
Johnchew5 ( Suspended )
Limpek1510 ( Suspended )
jjohnchew ( still active posting trash comment )
Genovese
Anakin Skywalker I got 13 IDs waiting got you to flag red. 😆
17 hours ago
Hoho copied from Jaks :
Posted by jjohnchew > 35 minutes ago | Report Abuse
Hoho mine is Hoho n Haha id … even Johnchew123 is Not my id ….
17 hours ago
Hoho copied from Jaks :
Posted by jjohnchew > 29 minutes ago | Report Abuse
Hoho JeDie id :
1.) Lambo is delisted on October 2024 : use Alibaba/ YongKimFool / JeDi1985 as Promoter …
2.) Netx : used Scenery as Negative commentator…..
17 hours ago
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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....
JediMaster1
Limpek1510, Mikecyc, jhonchew5, your 3 ID link to you are suspended so you have 13 user ID 🤣
Stock: [YINSON]: YINSON HOLDINGS BHD
10 hours ago | Report Abuse Post by user ID Genovese
Anakin Skywalker I got 13 IDs waiting got you to flag red. 😆
3 weeks ago