YINSON (7293): News and Blogs

Philip improves...congrates

10 hours ago

Even it takes few years

10 hours ago

Unlike you who never post his mistakes or learn from anything except to be a troll, I'm sure you also won the sports toto results and can dream of buying your dream car finally. Good for you.

Fyi I learn far more from ss lee in his mistakes than I do from your trolling. So wondering who is more beneficial to society? Fyi selling early on top glove and buying early on harta I still made huge earnings on both which is better than those who never invest at all but like to troll.

Guess what, sslee still made money on his area of competence in palm oil stocks which is key. Learn new things every day instead of trolling maybe you will finally get somewhere in life Charles.

10 hours ago

Sslee

The insider projection:
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

10 hours ago

Sslee I currently hold 5.5m shares of yinson so I am still very very bullish on them. My biggest mistake with yinson was selling some to diversify into o&g eih serba purchase. Very bad mistake. But now I still have some good management in yinson to look forward to as they are guiding to yinson production ipo with more fpso wins. The market is still huge with 84 fpso bids from 2025- 2028 so bidders are still low vs total tenders so prices will definitely be looking upwards of 650k charters per day

10 hours ago

jjohnchew

Hoho interesting:

Jaks 1.0 : ss leee ( 2021 ) / Mr K2y ( 2017/2018 )
Jaks 2.0 : mikecyc stuck and still treading water

10 hours ago

Posted by Philip ( buy what you understand) > 11 minutes ago | Report Abuse

Unlike you who never post his mistakes or learn from anything except to be a troll, I'm sure you also won the sports toto results and can dream of buying your dream car finally. Good for you

Still a very high ego oldman....lol

10 hours ago

With TAM of 90 billion usd in the next 4 years I think getting the 1.5 billion investment cash from Dubai and rrj means they can go and pick up another 2-3 fpso projects moving forward backed by the strong cashflow from maria agogo Atlanta john moving forward

10 hours ago

Posted by value_invest > 2 days ago | Report Abuse

@sslee--

The Bond at 9.625%, which is considered as high yield or almost junk bond, is considered at the HIGH side. It is obvious that the investors see this is high risk investment bond.
The 9.625% of financing cost is considered at the HIGH side after taking the financing cost into the investment-return equation. This has left the company very little room for any mistake in managing the risk, e.g. countries risk, execution risk, currency and counter-party risk, just to name fews. Any of the risk can severely impact the company bottom line. The company has taken HIGH leverage for the Investment, there is no right or wrong to this strategy. They can HIT jackpot if they can manage all the matrix and risk very very very well or make loses.. It is so called HIGH risk HIGH gain.
Generally ,the yield on investment grade bonds is about over 5% and the credit spread is between 110 and 130 basis points.
----------------------------------------------------------------
Nordic bond market at such a high coupon rate of 9.625%--

Bsides all the country risk, execution risk, currency risk etc, the major risk is the Boss's risk.

High risk high return. Simple.

Many of U only painted the beautiful future profit projections (as U are their shareholders, of course lah) without addressing the risks involved.

But I guess this is normal to most people.

10 hours ago

After U placed yr bets (or investment or whatever U like to make u feel better), pray to see yr future beautiful paper profit projections to turn into real cash profit/ Div/ higher share prices etc).

Hopefully non of the above risk happens...Amen

10 hours ago

Mar2083

Potentially may test 2.6 soon

10 hours ago

Posted by Philip ( buy what you understand) > 55 minutes ago | Report Abuse

Knowing those who are in my chat group, I freely admit my big mistakes on serba dinamik just as I freely admit my other mistakes in selling topglove 10 10 years early,buying harta early, buying palantir at 15 and averaging down to 8, buying Nvidia late at 180 in 2022, not selling pchem at 9 when my average is 4, buying yinson since 2012 instead of apple, buying stoneco, buying sds.

Philip ah Philip, if only U pay more serious attention to my "trolling" (well, i defined it as noble advice), u could have save tens of millions loss or make tens of millions extra profit last few years, io coming here to express yr regret few years later now....

9 hours ago

My "trolling" is very expensive....lol

9 hours ago

Hoho recalled u said advise Phillippe not to buy HARTA during price is Higher than RM 5.80 ..

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Posted by CharlesT > 4 minutes ago | Report Abuse

My "trolling" is very expensive....lol

9 hours ago

All my very valuable expensive "trollings" are well documented in Philip's thread.

9 hours ago

This is what Philip gave me in retun to my valuable "trollings"

Fyi I learn far more from ss lee in his mistakes than I do from your trolling. So wondering who is more beneficial to society? Fyi selling early on top glove and buying early on harta I still made huge earnings on both which is better than those who never invest at all but like to troll.

Guess what, sslee still made money on his area of competence in palm oil stocks which is key. Learn new things every day instead of trolling maybe you will finally get somewhere in life Charles.

9 hours ago

Sslee

Posted by CharlesT > Jan 21, 2025 8:58 AM | Report Abuse
My "trolling" is very expensive....lol

Agreed with CharlesT “Honesty is a very expensive gift, Don't expect it from cheap people.” ...

Good advice does not come cheap.

9 hours ago

It's FOC.

But it could be very expensive too....lol

9 hours ago

Philip knows it well

9 hours ago

musangfoxking

jjohnchewing jaks 0.32 n0w 0.13! lost his bearing ...come here to talk kok!

8 hours ago

Hoho KonLee gang from Insas ke ..

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Posted by musangfoxking > 6 seconds ago | Report Abuse

jjohnchewing jaks 0.32 n0w 0.13! lost his bearing ...come here to talk kok!

7 hours ago

1st Lies :

Hoho wow Kon ss leee is an “ Attention Seeker “ .., approached my Question 1st in Netx on 2020 telling Lies replied my post which directed to Konstockraider to bail out Stockraider on Insas-WB whom play wayang in Insas-WB forum with Callvin whom invested RM 5000 …

Then Kon Sslleee said StockRaider Win 1 Myvi in Netx RI .. StockRaider said Win 2 Myvi… both blowing bla bla bla Klon the Wayang Script on Insas and WC …

After KonLee posted in Netx , his Kon gang in Tunepro, Hengyuan, Petronm started to promote Netx … will post n delete own posts …..beware .

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Posted by Sslee > 5 minutes ago | Report Abuse

Posted by CharlesT > Jan 21, 2025 8:58 AM | Report Abuse
My "trolling" is very expensive....lol

Agreed with CharlesT “Honesty is a very expensive gift, Don't expect it from cheap people.” ...

Good advice does not come cheap.

7 hours ago

Hoho today ( 3/5/2023 ) just discovered Kon ss leee : The Lies on HRC ( Hengyuan) and Petronm :

KonLee n Probability had been Promoted Petronm n HRC at RM 7.00 with Crack Spread, Crack here Crack there Crack other ppl Pockets …

>>> Very Surprising is found out today Probability is VictorYong aka id … as they Kacukan Tipu in Tunepro …also in Netx after KonartistLee surfaced in Netx told lies to bail out Stockraider…

Probability n aka id will own delete posts …

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Posted by Sslee > 2 hours ago | Report Abuse

As on Hengyuan 1.0 the majority (Sifu/ Seafood/ Master/Waterfish etc) were also proven right that the widen crack spread do bring in record profit for HRC but that widen crack spread did not last long

On Hengyuan 2.0 all get it wrong because HRC selling long/bet on crack spread going down and when the crack spread going up all the refineries in the world make record profit except HRC suffered big lost from hedging bet

7 hours ago

Hoho Kon sss Lee twisting n twisting as usual ..

Hoho including projected Revenue from FPSO Agogo , Atlanta , Maria and Anna Nery as posted earlier : is from ssleee earlier post … then he twisted with another post … then posted a Correction thread wow …🤣🤣😅👍

Posted by Sslee > minutes ago | Report Abuse
Yearly revenue from  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  FPSO Anna Nery USD 5700/25 = 228.00  Total USD 883.56 million

7 hours ago

Hoho as said after deducted Total Loans n borrowings from the latest 4 FPSO Loans .. Anna Nery , Maria , Atlanta, Agogo .. there is Balance Loans b/f RM 3.75 billion… minus India Renewables Loans RM 1.0 billion… balance Loans b/f RM 2.75 billion is for What / segment ??? Seems not profitable le ???

6 hours ago

Vdhawan

Yinson's FPSO unit to allocate up to US$6 bil in capex . Which companies will get Yinson's projects? 🙂

https://theedgemalaysia.com/node/741764

6 hours ago

Hoho the FSO is :

Yinson JV to build new FSO vessel for charter by Murphy Oil unit in Vietnam
By Adam Aziz / theedgemalaysia.com
02 Dec 2024, 01:40 pm

Yinson Holdings Bhd’49%-owned joint venture with PetroVietnam Technical Service Corp (PTSC) has executed a provision, charter, operation and maintenance contract with a unit of Murphy Oil Corp, for a floating, storage and offloading (FSO) vessel in Vietnam.

The 500,000 barrels of oil equivalent capacity FSO, to be built for operations from 4Q2026, will be chartered for a firm period of 10 years, Yinson said.

The contract comes with options to extend for up to five years, it said. In total, the contract has a value of up to US$416 million, it added.

FSO PTSC Bien2 Sov Vietnam 0.1
( First Oil 2013 )

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Yinson Production has a fleet of 10 vessels, eight of which are operating. One FPSO — floating production, storage and offloading — will come on stream later this year, while an FSO — floating, storage and offloading — will join towards the end of 2026, Wenker said. The fleet could grow to 13 vessels in the next three years, he said.

6 hours ago

Hoho Trump will take office at the presidential inauguration on Monday, 20 January 2025 … more Shale oil well shl be reopen…

And

Oil shale in China is an important source of unconventional oil. A total Chinese oil shale resource amounts of 720 billion tonnes, located in 80 deposits of 47 oil shale basins. This is equal to 48 billion tonnes of shale oil.[1]At the same time there are speculations that the actual resource may even exceed the oil shale resource of the United States.

5 hours ago

WTI CRUDE 58 mins
77.36 -0.67%

5 hours ago

Hoho JAKS is diversified into Power Generator industry ( COD on January 2021 ) … n Renewable Solar electricity ( LSS4 50 MW in Penang is COD on August 2023 and is 100 % financing, CGPP 30 MW is scheduled COD by end 2025 … )

Like LSS5 2000 MW EPCC RM 7.2 billion the return of investment is Slow with Single low digit IRR …JAKS opt for EPC construction contracts from the Winners…

5 hours ago

Hoho as posted earlier.. more n more Solar RE electricity Projects are coming … due to Demand from Singapore, and Data Center either Clouds n AI ….gameplay is different liaw … opt for EPCC projects with Better IRR or do EPC construction projects .

UEM Lestra投资25亿昔加末建太阳能发电厂
2025年01月18日

吉隆坡18日讯）UEM集团（UEM Group）旗下绿色能源臂膀UEM Lestra将投资近25亿令吉，在柔佛州昔加末建造一座大型混合太阳能发电厂，预计每年将生产逾1000吉瓦时（GWh）的绿色能源。

UEM Lestra发文告指出，这座混合太阳能发电厂项目，是在国家能源转型路线图（NETR）的企业再生能源供应计划的一部分。

该公司说，首阶段涉及在昔加末688公顷的土地上建设一座混合太阳能发电厂，投资额近25亿令吉。该阶段将提供500兆瓦的连接点，太阳能容量预计达750兆瓦，并由电池储能系统（BESS）提供支持。
2027年投入运作

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👉 TNB among LSS5 2000 MW winners, bags 500MW solar farm project in Kedah  By theedge  26 Dec 2024, 06:27 pm    Aside from the highly sought after LSS awards, the government last year also announced efforts to support the development of solar parks in the country under the National Energy Transition Roadmap (NETR).  
 This is led by TNB, via five 100MW solar parks in different locations in the country, and another 1GW under Khazanah Nasional Bhd through UEM Group.

👉👉👉 Hoho just TNB n UEM total Solar RE projects is 500 + 5 x 100 + 1000 =2,000  MW .. equivalent to LSS5 2000 MW , EPCC RM 7.2 billion.. EPC construction is ard RM 5.0 billion ..

5 hours ago

Hoho btw CGPP Solar RE winners with Better IRR as they can choose their Offtaker/ customer.. not only TNB .. or cross border but use TNB Power Grid as TPA …

TNB has firm budget of RM 90 billion over 6 years until 2030 to upgrade power grid system n structure..

5 hours ago

Hoho , Good News …now is （LSS@PETRA+） 2000 MW , EPCC RM 8.0 billion Tender is starting from 20/1/2025 :

On LSS5 2000 MW , EPCC RM 7.2 billion Tender … JAKS submitted tender for 200 MW with bid rate RM 800 million ( as reported in a news article).... but is Not selected in Shortlisted list together with Solarvest, Sunview and Gading Kencana… these 4 companies are LSS4 and CGPP Solar RE electricity projects Winners .

太阳能发电项目招标能源部料吸资80亿
2025年01月19日

布城18日讯）能源及水务转型部于本月20日起，开始额外大型太阳能发电项目（LSS@PETRA+）招标，以供开发总配额达2000兆瓦交流电（MWac）的大型发电厂。

该部预计，批准的额外发电容量，将带来约80亿令吉的投资，为我国再生能源领域提供1万2000个就业机会。

5 hours ago

Scomi is delisted on March 2023 .. where as Scomies is delisted on July 2023 ..had debated against Callvin during he is blowing with high TP …

Ss leee how is yr SCIB that u r main Wayang with i3lurker.. blowing TP at least RM 1.00 by Early 2025 .. even the Major ( above 20 % ) is on Force Sell .. today price RM 0.225 .. getting worst le …

4 hours ago

Hoho recalled someone posted Yinson Major is also ard 20 % …

Is all in Pledge Accounts le … if No SBB soon .. will kena Margin Call ????

4 hours ago

This is beneath even you. make up stories until like this for what reason?

>>>>>
jjohnchew

Hoho recalled someone posted Yinson Major is also ard 20 % …

Is all in Pledge Accounts le … if No SBB soon .. will kena Margin Call ????

4 hours ago

Hoho this is hidden risks …why worries le .. u can always Averaging Down le as per yr story on HARTA , PCHEM.. now Yinson lo …👍

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Posted by Philip ( buy what you understand) > 6 minutes ago | Report Abuse

This is beneath even you. make up stories until like this for what reason?

>>>>>
jjohnchew

Hoho recalled someone posted Yinson Major is also ard 20 % …

Is all in Pledge Accounts le … if No SBB soon .. will kena Margin Call ????

4 hours ago

Hoho Ss leee had been saying JAKS CEO will be kena Margin Call le .. tested the Lowest is RM 0.12 .. today Price RM 0.13 ..

He even said shl be bankrupt le with such Low Net Gearing Ratio : 0.30X ..

3 hours ago

MrFox

jjohnchew@@
better sell jaks, then u wwill be less bodoh!

3 hours ago

Hoho Kon Musangfoxking loss naked in Fintec
>>> Netx — Fintec( mother ) — Adamas HK stock / Nasdaq ( Grandma , Loss in HK Well known restaurant bond n a China mines company bond ).

“ Words of Wisdom “ 🤥🤣🤣🤣

Fintec >>>

2017 : share consolidation 3 into 1

2017 : RI

Nov 2020 : RI at RM 0.08

Apr 2024 : share consolidation 30 into 1

>> Where as Netx share consolidation 25 into 1 on September 2020 …

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Posted by MrFox > 1 minute ago | Report Abuse

jjohnchew@@
better sell jaks, then u wwill be less bodoh!

3 hours ago

Hoho so fast le .. SBB hit 9.185 % as at 20/1/2025 .. if hit 10 % .. what Shl be happening.. another hidden risks …

3 hours ago

MrFox

hoho jjohnchew has lost his sense of direction because of the big loss in jaks! u better use a compass!!
whispering words of wisdom!!!

3 hours ago

Hoho ss leee I am worries on Capital A le that debated with u since more than 2 years ago ( Lee as a Negative commentator dancing together with i3lurker.. that will deleted his posts ) … my free balance Tickets at cost RM 0.58 ( Capital A lowest Price is RM 0.56 .. remember u used yr Kon maths raw data add up Capital A n AAX figures, twisting n twisting.. I said if not dropped below RM 0.56 is OK ) … only recently u said is OK … can strike Jackpot ke ( out from PN 17 ) .. worries le ....🙏.

2 hours ago

apple4ver

One of the investment thesis in Yinson is that it is one of the beneficiary of global interest rate decline. With the major capex behind and consistent cash flow moving forward, it should be able to refinance its outstanding loans at a much lower rate. However, Yinson has basically locked-in the rate with RCPS paying 12.95%-14.95%. It would be imprudent for Yinson to justify the rate by comparing it with FPSO mezzanie financing in 2023 during which the rate peaked. Also, Yinson is now re-exposed to risks related to securing new FPSO projects and construction executions. An investor should fervently hope Yinson would not take-on too risky projects in search of higher IRR.

Some back of the paper calculation

Total amount allocated for new FPSO = $784.5m
At 30%/70% equity/debt ratio, new project value = $2,600m ($1.3b per project)
(Number of FPSO limited to 2 due to redemption clause)

Total undiscounted cash flow pa* (assume $180m per $1b cost) = $468m
Operating cash flow, assuming operating margin of 50% = $234m
(Ignore any additional income from $80m new energy projects)

Dividend paid on US$1b RCPS = $139.5m
Additional interest on project loans ($1.8b @9%) = $162m
Total dividend + interest expenses = $301.5m

Net operating cash flow less dividend+interest expenses = -$67.5m

There are plenty of assumption used, so expect a high range of possible outcome. But even then it is clear the project margin is very very tight. All above exclude potential depreciation expenses of $173m (15 years, straight line method). And it is super expensive to spend 14.95% RCPS on new energy project ($80m) or buyback/dividend ($30)or even working capital ($70m).

At RM21.4b in total loans (inclusive perpetual securities), it is RM214m additional income per 1% reduction in interest rate. Paying down another RM1-2b in debt (7% average interest rate) per year will give additional RM100m in profit. That's the benefit of simply doing nothing.

2 hours ago

Apple4ever have you read the salient details of the 1.5b rcps offer?

Funds are accepting cash and also in kind,in preparation for IPO.
The Option A Cash Distribution Rate shall mean:

(i) prior to Target Exit Date, at a rate equal to 12.95% per annum;

(ii) on or after the Target Exit Date up to the date immediately prior to the
seventh anniversary of the First Tranche Closing date, a rate equal to
13.95% per annum;
(iii) on or after the date falling on the seventh anniversary of the First Tranche
Closing date, at a rate equal to 14.95% per annum;
in each case subject to this provision herein provided and provided that for such
time as YPOHL is subject to any applicable default event pursuant to the terms of
any written agreement between YPOHL and its shareholders, and the RCPS
holders which remains unremedied, the Option A Cash Distribution Rate shall
increase by 2.0% per annum with effect from the date on which such event
occurred until such time as the default event is remedied to the reasonable
satisfaction of the RCPS holders.
The Option B Cash Distribution Rate shall mean:
(i) prior to Target Exit Date, at a rate equal to 7.25% per annum;
(ii) on or after the Target Exit Date up to the date immediately prior to the
seventh anniversary of the First Tranche Closing date, at a rate equal to
8.25% per annum;
(iii) on or after the seventh anniversary of the First Tranche Closing date, at a
rate equal to 9.25% per annum;
in each case this provision herein provided and provided that for such time as
YPOHL is subject to any applicable default event pursuant to the terms of any
written agreement between YPOHL and its shareholders which remains
unremedied, the Option B Cash Distribution Rate shall increase by 2.0% per
annum with effect from the date on which such event occurred until such time as
the default event is remedied to the reasonable satisfaction of the RCPS holders.

34 minutes ago