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Overview
Financial Highlight
HeadlinesBusiness Background Yinson Holdings is a transportation and logistics company domiciled in Malaysia. The company organises itself into two segments: marine and other operations. The marine segment, which generates the vast majority of revenue, leases, trades, and operates vessels; offers chartering for other floating marine assets; provides consulting services for ship management; and provides other marine-related services. The other operations segment makes investments, and offers business and management consultancy services.
  cruger12345 Someone is barking again . Last time nearly being cued by the CEO he was running away with tail between its leg … Tak Yakut ke … hi ki ki …. 03/03/2023 4:30 PM  VincentTang EPF and KUMPULAN WANG PERSARAAN start selling Yinson. Better avoid Yinson now. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3334423 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3334045 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3334046 05/03/2023 5:19 PM rl68 https://brazilenergyinsight.com/2023/03/07/rystad-offshore-oil-gas-is-back/#more-53518 08/03/2023 12:08 PM peepduck 云升控股与AVEVA签署MOU 共同开发可持续和自动驾驶FPSO船 https://www.orientaldaily.com.my/news/business/2023/03/08/551516 08/03/2023 4:43 PM rl68 https://brazilenergyinsight.com/2023/03/08/study-finds-that-oil-and-gas-industry-costs-could-rise-by-another-10-in-2023/#more-53569 09/03/2023 3:33 PM UncleFollower Managed to buy back warrants sold earlier, and continue to add to mother share position, good luck 09/03/2023 4:08 PM UncleFollower It looks like it wants to test support at 2.60 before breaking 2.700 multi-weeks resistance. Mother share still small movements, solid 09/03/2023 4:09 PM i3gambler calvintaneng， Depreciation is not a concern, as the profit is already net of depreciation. 1) Rental yield for a landed property may be is only 2%. 2) Rental yield for a condo may be higher at 4%. 3) Rental yield for a car may be higher than 20%. 10/03/2023 2:42 PM UncleFollower It does, emotionally. So far so good hope I’m not missing anything. To be fair relative to the broader market, it is what it is, Agogo included. Its appeal is the pristine track record 10/03/2023 11:51 PM rl68 https://brazilenergyinsight.com/2023/03/14/offshore-oil-gas-set-for-growth-with-214-bln-of-investments-in-the-pipeline-rystad/ 15/03/2023 1:37 PM  Robert Waters This was an excellent company 5 years ago, but now it became too expensive. No longer a story. Tough reality. But I went through the documents online and still a buy in my eyes. Revenue is the key to value here. 17/03/2023 12:33 AM UncleFollower Yinson is at a turning point as everyone can see. Question is whether everyone has the patience Jan'23 - Anna Nery time charter has commenced at 90% pending first oil, possibly happened already pending announcement with results release Jun'24 - Atlanta first oil Jun'25 - Maria Quiteria first oil Mar'26 - Agogo first oil Fuyoh cashflow generating machine 17/03/2023 2:50 PM UncleFollower For good karma I added some Armada yesterday...not sure what it means but since Karma so happening in Armada thread lol 17/03/2023 2:53 PM UncleFollower how will the US banks collapse affect Yinson? 2 days ago Barring a full blown crisis, net positive, fundamental wise 1. Not affected by short-term oil fluctuations. 100B order book sufficient to ride out any oil crisis in the event of prolonged downturn 2. Business model is built on debt. Bank crisis you are happier to owe money. Financial crisis Fed slash rates lower debt cost, while revenue stable/ strong counter-parties as proven over negative oil price period. That's on the business aspect. Share price wise, whole market down it won't be up. No need ask lol 20/03/2023 2:42 PM hhhiii123 @zhexiangxd Yinson is a company with super high debt ratio, almost 30% PBIT is paid to finance interest, any increased in interest rate and cost will wipe out all the profit. Better run now, oil industry looking so bad now... 20/03/2023 9:55 PM UncleFollower @zhejiangxd That’s really a dumb question bro lol You should ask instead why EPF holds almost 17% or >$1B in 1 Yinson among almost a thousand Bursa counters, and 1 which has no national security significance nor bumi agenda 21/03/2023 2:10 PM UncleFollower @zhejiangxd 2023-03-21 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,771,200 shares on 16-Mar-2023. 2023-03-21 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 2,938,900 shares on 16-Mar-2023. 21/03/2023 6:05 PM rl68 Yinson has been recognised as a ‘ESG Industry Top Rated Company’ by global ESG Risk Rating agency, Morningstar Sustainalytics. This prestigious recognition reflects Yinson’s strong performance in environmental, social and governance (ESG) aspects, as well as its commitment to sustainability. 24/03/2023 11:31 AM rl68 FPSO : First oil Anna Nery: April 2023 Atlanta: Jun 2024 Maria Q.: Jun 2025 Agogo: March 2026 24/03/2023 3:31 PM UncleFollower @rl68 Maria Q.: Jun 2024 not 2025, similar timeline as Atlanta + quarter ended Jan'23 showed progress ahead of schedule Agogo: EPCIC to be recognised from FY2Q24 (Jun-Aug'23) Anna Nery: Secured additional US$50k/day rate Maria Q: has same contract clause as Anna Nery, potentially will secure +US$50k/ day rate 24/03/2023 5:17 PM UncleFollower When it's doing everything right, and share price moves this way, it's not in a good place. What else can Yinson do? We can only wait. 24/03/2023 5:18 PM novel23 price doesn't seem to reflect value nowadays i sold off my load @2.66 few weeks ago and re-enter yesterday, think need to observe a few months before rise 24/03/2023 5:44 PM hhhiii123 qr with tripple profit but declare 1 sen dividend only, O&G just a cheap industry for speculation only lol 24/03/2023 10:06 PM rl68 https://brazilenergyinsight.com/2023/03/25/fpso-sector-poised-for-up-to-50-contract-awards-this-decade/#more-54071 25/03/2023 9:13 PM UncleFollower For close to 2 months it was hovering at fresh 52W high Then all it took was 10 days to break down and today touched and bounced off 200MA 27/03/2023 3:59 PM UncleFollower Dialog is also hovering at 200MA. Hibiscus has convincingly broke below as oil broke. And Armada is still way above 27/03/2023 4:00 PM UncleFollower Over time however it can be seen that Yinson always retraces from highs and next round go higher. This can be easily justified because Yinson has been growing profits consistently, and now more than ever things are coming to fruition. The question is to what extent this has been priced in 27/03/2023 4:01 PM UncleFollower Yinson itself could be rather boring. But post-rights, the warrants offer an excellent risk/reward prospect, especially for small investors like us. 27/03/2023 4:01 PM UncleFollower Currently trading at higher premium than before. This has more to do with weak mother share price than high warrant price. 27/03/2023 4:02 PM UncleFollower If warrants do break below 50cents, it's a great offer for risk takers. I think anything below 0.710 is quite safe, implying mother share conversion of $3.00 by Jun'25. Good odds for Yinson to have already zoomed pass $3.00 should it successfully execute its plans. This has to be one of the most fundamentally sound warrant play on Bursa right now, please correct me if you think otherwise 27/03/2023 4:04 PM UncleFollower The low premium appears to a mismatch to me. We have about >4x gearing on a 20% premium warrant when mother share has retraced. Yinson itself is highly geared. And then you have a warrant that offers another 4x leverage. If you buy on margin, another 2x leverage. It's quite possible to structure a highly leveraged long position on Yinson by paying a bit more now in premium and interest cost, if one is bullish on FPSOs at large 27/03/2023 4:09 PM UncleFollower I believe I was one of the few who bought all I can below 30c, and then 40c. I also sold the first round, re-enter on the recent oil bull, and liquidated half my position averaging 75c back then. I erred on buying back too early finishing all my sold proceeds to buy back at 64, then proceeded to swap other counters to warrants at 50 cents again. I am temporarily paralysed, unsure whether to double up my warrants stake further (I can even quadruple it as I was able to exit other positions). With mother share's weakness I was expecting to get some warrants at 50 again or below but it hasn't happened. Today all I got was a 100 lots at 54, but it's trading fast which scares me away. Any BQ gets matched quickly. Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 27/03/2023 4:12 PM UncleFollower If we do not want to catch the falling knife...one way is to buy with conviction when the Lims buy. The last few rounds, Lim senior's multiple warrants buy preceded the quick surge. I do not think that he has a crystal ball nor was he trying to push it up. It appears to me more of a case where he knows the behind the scenes - where it is time they buy up. They could be responsible for recent sell down (where we can't see if they use nominee accounts), but when they buy they are more likely to let us see (public announcements). 27/03/2023 4:16 PM UncleFollower The one time where charts work so well You had the bounce off 200MA with a dragonfly doji The RSI below 30 turning up The SO below 20 turning up Can't get better than this 29/03/2023 3:33 PM rl68 Yinson GreenTech’s chargEV enters Singapore through joint venture with LHN, extending cross-border EV charging network 30/03/2023 3:55 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Security LastPr PE DY% Divcts ROE ttm-marg YINSON (Energy) 2.55 13.33 1.2 3 13.38 9.3 30/03/2023 4:43 PM rl68 The FPSO space is starting to see a supply squeeze – i.e., many global FPSO players are already pre-occupied with jobs developing at hand, and hence, more recent bids have started to see very few bidders, making it very much an operator market. Source: Kenanga Research 31/03/2023 11:33 AM  | |
