YINSON HOLDINGS BHD
KLSE (MYR): YINSON (7293)
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Last Price
2.39
Today's Change
-0.04 (1.65%)
Day's Change
2.35 - 2.46
Trading Volume
17,477,000
Company warrants are issued by the company and give the holders the right, but not an obligation, to subscribe for new ordinary shares at a specified price during a specified period of time.
Structured warrants are proprietary instruments issued by a third-party issuer, namely an eligible broker or financial institution that give holders the right, but not the obligation, to buy (call warrants) or sell (put warrant) the underlying instrument in the future for a fixed price.
A call warrant is in-the-money when the exercise price is lower than the price of the underlying share.
A put warrant is in-the-money when the underlying share price is lower than the exercise price.
Company Warrants
In the money
Call Warrants
In the money
Discussions
5 people like this. Showing 50 of 5,832 comments
In short, all the beautiful future profit projections didn't materialise right?
Whether it's Boss's problem, mkt problem or any other problem
14 hours ago
Sometime in investment "A bird in the hand is worth two in the bush"
As on Yinson, I will not chase high but collect slowly on the dip.
14 hours ago
Philip ( buy what you understand)
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.
But I wonder why my results after learning every day is still very green despite the start to the year.
Meanwhile johnchew despite reposting and repeating cannot say how much jaks he is buying in hopes of first dividend of his life and why funds bought 1 billion usd of yinson production in hopes of cashing out in 3 years post IPO for yinson production in nasdaq as they become a energy specialist.
Big question john refuses to answer but stoops to kiddy insults, why they don't buy "profitable jaks" and instead invest in yinson?
Has Abu dabhi funds replied you yet johnchew? Or is the reason you post so much is because you are too free with your time in between jobs?
14 hours ago
Philip ( buy what you understand)
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.
14 hours ago
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
13 hours ago
Philip ( buy what you understand)
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
13 hours ago
Philip ( buy what you understand)
jjohnchew
Hoho interesting:
Jaks 1.0 : ss leee ( 2021 ) / Mr K2y ( 2017/2018 )
Jaks 2.0 : mikecyc stuck and still treading water
13 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
13 hours ago
Philip ( buy what you understand)
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
13 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.
13 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
13 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....
13 hours ago
Hoho recalled u said advise Phillippe not to buy HARTA during price is Higher than RM 5.80 ..
—
Posted by CharlesT > 4 minutes ago | Report Abuse
My "trolling" is very expensive....lol
12 hours ago
All my very valuable expensive "trollings" are well documented in Philip's thread.
12 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.
12 hours ago
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.
12 hours ago
jjohnchewing jaks 0.32 n0w 0.13! lost his bearing ...come here to talk kok!
11 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 ???
10 hours ago
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
9 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 )
—-
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.
9 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…
9 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..
8 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 ????
7 hours ago
Philip ( buy what you understand)
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 ????
7 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 …
7 hours ago
hoho jjohnchew has lost his sense of direction because of the big loss in jaks! u better use a compass!!
whispering words of wisdom!!!
7 hours ago
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.
5 hours ago
Philip ( buy what you understand)
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.
3 hours ago
Philip ( buy what you understand)
So in essence they are getting a loan of 1.5 billion with warrants at valuation of 15 billion conversion and 7.25% coupon. Flexibility indeed.
3 hours ago
Sorry Philip, can further explain what means by 15billion conversion? I dont understand.
3 hours ago
Hoho many uncertainties variables:
1.) IPO is expected within 3 to 5 years ..
2.) Warrants qty n ex price n maturity date ?
3.) FPSO Agogo is scheduled First Oil end 2025 / Early 2026 .
4.) FPSO Agogo debt financing is USD 1.3 billion… the Highest among Anna Nery n Maria but Charter Rate comparatively is Lower ..
—-
Posted by Philip ( buy what you understand) > 53 minutes ago | Report Abuse
So in essence they are getting a loan of 1.5 billion with warrants at valuation of 15 billion conversion and 7.25% coupon. Flexibility indeed.
2 hours ago
YINSON was a super GWS,
is failing like crazzzy even with news flow that arabkia is willing
to spend billions in $ into this stock:
https://www.tradingview.com/x/KeIMXlgd/
NB: pls buy more n MORE = pls tell us thereafter,,,
dtrum is planning fast to
pump BABY pump to flood the entire world with ONG.
his-logic, why left to waste as USA has the most ONG.
2 hours ago
i speak n text, like most msians who r hungry for success!
in my good years with high risk = i paid HIGH taxes to gov =
i.e. noble to do so.
then when i was down = can GOV help me with increasing expense
of children's edu n more?
1 hour ago
You're right. The correct cash rate used should be 12.95% for first five years. But, does it change the picture significantly? Option B provides lower cash rate but the balance is in PIK of 5.7%. PIK is accrued and added to the principal but eventually it has to be paid either in cash or converted to share which will dilute existing shareholders' holdings. The cash flow profile will be much better in the first 5 years but at the end of 5th year, the principal of $1,0000 per RCPS will increase to $1319 and cash payment of $95.65 (vs $72.50 in 1st year). Not unlike credit card bill, the problem is the high overall Cash + PIK rate. It shouldn't be a problem if the ROI of RCPS investment is much higher. The simple calculation above indicates otherwise. President Trump just declares energy emergency with a declared goal to increase energy production substantially. With likely lower oil price in coming years, will the charter rate increase substantially? A conservative investor will obviously prefer the "do nothing" option and reaps the benefit of additional RM300m and increasingly in interest saving from 2026 onwards.
1 hour ago
And there is an additional risk of IPO failure by the first target date, after which overall rate increases 1% yearly for 2 years until it reaches 14.95%.
1 hour ago
WTI CRUDE
76.13 -2.25%
Stock: [YINSON]: YINSON HOLDINGS BHD
7 hours ago | Report Abuse
WTI CRUDE 58 mins
77.36 -0.67%
1 hour ago
Hoho soon To be hit 10 % SBB :
Minimum price paid for each share purchased 2.350
Maximum price paid for each share purchased 2.460
Total consideration paid 7,784,111.17
Number of shares purchased retained in treasury (units) 3,254,600
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 297,859,700
Adjusted issued capital after cancellation
(no. of shares) (units) 3,207,543,731
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the 👉listed issuer (%) 9.28622
59 minutes 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....
Sslee
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
14 hours ago