|
| |
| KLSE: YINSON (7293) | YINSON HOLDINGS BHD | MAIN : Energy |
| Last Price | Today's Change | Day's Range | Trading Volume |
| 2.35 |  -0.09 (3.69%) | 2.35 - 2.42 | 3,562,900 |
Financials
Market Cap: 7,483 Million
| Latest Audited Result: 31-Jan-2023
| Latest Quarter: 31-Jan-2024 [#4]
| ||||||||||||||||||||||||||||||||||||||||||||||||||
Annual (Unaudited) ( EPS: 30.27, P/E: 7.76 )
| T4Q Result ( EPS: 30.27, P/E: 7.76 )
| Annualized Result ( EPS: 30.27, P/E: 7.76 )
|
Business Performance
Business Performance (By Quarter)
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Adjusted EPS Growth | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Total Dividend Years | 2 / 4 | 50.00% | 4 / 8 | 50.00% |
| Continuous Quarters Of Dividend | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 5.12% | 4.01% | ||
| Average Net Profit Margin | 9.94% | 9.93% | ||
Business Performance (By Year)
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Years Of Revenue Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Profit Growth | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Continuous Years Of Adjusted EPS Growth | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Dividend Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Years Of Adjusted Dps Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Average ROE | 15.90% | 14.90% | ||
| Average Net Profit Margin | 10.50% | 22.04% | ||
Key Result
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 11,646,000 | 11,646,000 | 11,646,000 | 3,294,147 | 5,789,068 |
| NP to SH | 964,000 | 964,000 | 964,000 | 367,237 | 495,181 |
| Dividend | 87,201 | 87,205 | 87,205 | 75,072 | 67,851 |
| Adjusted EPS | 30.27 | 30.27 | 30.27 | 11.98 | 16.16 |
| Adjusted DPS | 2.74 | 2.74 | 2.74 | 2.45 | 2.21 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
Growth (By Quarter)
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | -3.95% | 37.72% | 84.16% | -7.20% | 20.29% |
| NP to Owner | 12.10% | 65.48% | 64.51% | 15.35% | 43.48% |
| Dividend | 0.00% | 0.36% | 50.54% | 33.34% | 67.15% |
| Adj. EPS | 12.10% | 65.48% | 64.51% | 15.35% | 43.48% |
| Adj. DPS | 0.00% | 0.36% | 50.54% | 33.34% | 67.15% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
Growth (By Year)
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00% | 101.17% | 253.54% | 0.00% | 101.17% | 253.54% | 84.16% | 101.17% | 253.54% |
| NP to Owner | 0.00% | 94.68% | 162.50% | 0.00% | 94.68% | 162.50% | 64.51% | 94.68% | 162.50% |
| Dividend | -0.01% | 28.52% | 16.16% | - % | - % | - % | 50.54% | 28.52% | 16.16% |
| Adj. EPS | 0.00% | 94.68% | 162.50% | 0.00% | 94.68% | 162.50% | 64.51% | 94.68% | 162.50% |
| Adj. DPS | -0.01% | 28.52% | 16.16% | - % | - % | - % | 50.54% | 28.52% | 16.16% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
| Trade this stock for as low as 0.05% brokerage. Find out more. |
 UncleFollower Historically Yinson didn't hold too long at low levels. Every time I play Yinson I end up regretting selling too early lol 01/04/2024 6:08 PM UncleFollower @BursaV why say OTB left Yinson? Got notice of change in substantial shareholder? 01/04/2024 6:08 PM  Mabel OTB will come back when Yinson is ready to dance... Right now Yinson TA is not so good FA is good.. Sometime this Bursa very funny.. Some counter FA not so good but TA so good.. Axiata loss RM 2.457 billion RM 2.8 can why BIMB RM 553 mil profit can only reach RM 2.61? 03/04/2024 1:59 PM OTB I bought YTLPower in a very big way at 1.10 only, very huge profit now. I am a bit disappointed with Yinson and Yinson-WA. I spotted Yinson-WA and YTLPower around 0.70, I bought Yinson-WA instead of YTLPower because all 10 analysts were recommending Yinson. No analyst recommended YTLPower. Until now, Yinson-WA still cannot perform despite very good net profit reported in Yinson FY 2024 result. I feel sad because Yinson just cannot perform. I have studied all FA of Yinson in great details, just cannot understand why the share price of Yinson and Yinson-WA cannot perform. All effort wasted. Nothing to write here because the share price just cannot perform. Thank you. 03/04/2024 5:14 PM  Raymond Tiruchelvam have faith.... yinson is not a bad company but badly managed with regards to investor positioning, its a company with the biggest book order in all of bursa companies, but sadly this is accompanied with high gearing and risks, as it only talkes 1 FPSO to delay or screw up and all is up in smoke... high roisk high return... are you willing??? thats the question 03/04/2024 5:26 PM  BursaVulture Raymond is right. The problem is the super high debt. Once all 3 FPSO sails, Yinson should set a goal to reduce the debt and only take 1 FPSO per year. If they can gradually reduce the debt while increasing the profit, it will fly. All up to the management. WA due in about 15 months time. 03/04/2024 5:48 PM 8dragon You don't expect the bullish trend of Yinson from the past will return... Maybe you could wait for the next 2 years.... 03/04/2024 7:27 PM OTB Posted by Vdhawan > 4 minutes ago | Report Abuse Yinson moves slowly but it does perform ---------------- Yes, hope you are right. For the share price of Yinson or Yinson-WA to perform, TA reading must be bullish first. Presently, no sign. Still waiting patiently. Thank you. 04/04/2024 11:24 AM JSJH02 Yinson is probably a of the most misunderstood company. Part of the reason is due to the accounting standard requirements for its EPCIC for FPSO MQ, Atlanta and Agogo to follow accounting lease instead of financial lease. The main difference is recognizing of the under construction as revenue thus resulting in recognizing of construction profit and need to pay taxes as well. All the financing interests for under construction FPSOs also charge as operating expenses, thus resulting of massive -ve cash flow. To sum it up all under construction costs and financing expenses, are operational cash outflow. Put it in a simple term, it is like building a shopping mall with a fixed rent and tenure but all construction cost and its bank interest are treated as cash flow. If Yinson is really operational -ve cash flow, none of the financial institutions will keep lend it money. Yinson business model is building then owning of assets with contractual rent and tenure. It is like IPP those day. Yinson also re-invest its capital aggressively for the future at the expense of the current profit. Market valued its renewables and GreenTech at zero, yes is zero. Instead they have invest a lot of capital and these assets definitely not worthless. 04/04/2024 12:25 PM Mabel Meanwhile, aided by a whirlwind of bullish news, Brent prices surpassed the $90 per barrel threshold and surged past the $91 per barrel mark on Friday morning. The anticipation of Iran’s retaliatory strike on Israel, a developing Mexico export shortage, and the continuation of OPEC+ cuts have boosted sentiment in the oil market recently. On the other hand, the potential of the Fed not cutting interest rates this year could pour some cold water on the oil price rally. 05/04/2024 10:47 PM  Philip ( buy what you understand) https://www.yinson.com/highlights/YP-Naming-Ceremony-FPSO-MQ/ 06/04/2024 6:46 AM Philip ( buy what you understand) OTB, Watch and your will just miss it. Maria completion is 5 months ahead of schedule, just finished naming rights and now on route to Brazil meaning this year you will have contribution from 2 FPSO with contacts of 500k+ usd per day charter. That means by end of the year, yinson will have 2 "powerplants" up and running, and another one next year. For those who know what to look for, how often does TNB give you a powerplant contract and also advance you the power plant money to construct? Yinson gets this type of advantage. All I can say is, I fully expect yinson to be a 40 billion ringgit company in the next few years. Then people will complain again why yinson don't bid for more fpso projects... 3 billion cashflow a year mana cari? The key thing is not if they get paid ( especially when oil prices are so high), the key thing is if yinson can complete it's projects on time and on the money. I believe they can, and under budget as well. >>>>>>>> OTB I bought YTLPower in a very big way at 1.10 only, very huge profit now. I am a bit disappointed with Yinson and Yinson-WA. I spotted Yinson-WA and YTLPower around 0.70, I bought Yinson-WA instead of YTLPower because all 10 analysts were recommending Yinson. No analyst recommended YTLPower. Until now, Yinson-WA still cannot perform despite very good net profit reported in Yinson FY 2024 result. I feel sad because Yinson just cannot perform. I have studied all FA of Yinson in great details, just cannot understand why the share price of Yinson and Yinson-WA cannot perform. All effort wasted. Nothing to write here because the share price in just cannot perform. Thank you. 06/04/2024 6:53 AM OTB Thank you Philip for your good information. For the share price of Yinson or Yinson-WA to perform, TA reading must be bullish first. Presently, no sign. Still waiting patiently. Thank you. 06/04/2024 8:13 AM Mabel https://www.upstreamonline.com/rigs-and-vessels/yinson-delivers-5-2-billion-brazil-fpso-five-months-ahead-of-first-oil/2-1-1621878 Malaysian floater specialist Yinson has christened a floating production, storage and offloading vessel destined for Petrobras’ Parque das Baleias development in the northern portion of Brazil’s Campos basin 5 months ahead... More news... Meow Meow Meow 06/04/2024 9:20 AM OTB FPSO Agogo is ready to be delivered and found oil at the end of 2025. FY 2027 (January 2027) result will include all FPSOs chartered services. PAT in FY 2027 will be > 1 billion per year. Debt will be reduced to the minimum. I believe Yinson will be included in FBMKLCI component stock in 2027. Good luck. Thank you. 06/04/2024 11:02 AM OTB 1.) FPSO Maria Quitéria. Brazil. 100% stake. https://www.theedgemarkets.com/article/yinson-lands-fpso-contracts-worth-us52-billion-brazil Contract value = USD 5.2 billion. 22.5 years firm. Start operation in mid-2024. Annual (charter rate) revenue = USD 5200 million/22.5 = USD 231.11 million = RM 1.086 billion (1 USD = RM 4.70) PBT (40% of revenue) = 434.40 million PAT (37% tax) = 273.67 million 2.) FPSO Atlanta. Brazil. 100% stake. https://www.oedigital.com/news/494478-malaysia-s-yinson-brazil-s-enauta-pen-firm-contracts-for-atlanta-field-fpso Contract value = USD 1.9 billion. 15 years firm and with option to extend 5 years. Start operation in mid-2024. Annual (charter rate) revenue = USD 1900 million/15 = USD 126.67 million = RM 595.35 million (1 USD = RM 4.70) PBT (40% of revenue) = 238.14 million PAT (37% tax) = 150.03 million I believe 50% of PAT (212 million) will be included in FY 2025 income statement. Thank you. 06/04/2024 11:11 AM BursaVulture It is just like MFCB… waiting game. MFCB flew 6 months after their hydro goes online. Yinson will do the same if everything goes accordingly. It is a waiting game. 06/04/2024 12:30 PM 167697 Major bottom of YINSON was 2.31. It will go up and down up and down like other stocks. At least for now it is uptrend until a point it will drop again. It is unlikely to be a straight like up 45 degree YTL power. It is nature of the game. At least the turning point was 2.31 and then at some point it will go down again. The BIG BOYS decide the price. We are small time retailers. Sometimes reports dictate the price, sometimes they do not. Also do not trust at face value the target price set by institutions. The charts tell the whole story and is current. The stock wants to go where it wants to go. 06/04/2024 2:11 PM Ytl2023 Deliver but need to wait almost 2025? U main share sure going to miss opportunity cost 06/04/2024 9:48 PM Mabel $YINSON Q4 Briefing – Expansions well underway, with big targets in the coming years. 1. Contribution from FPSO Anna Nery increased Revenue, GP, EBITDA, PATAMI (since 7 May 2023) YoY, offset by disposal of FPSO Adoon in Q4. 2. EPCIC contributions decline... YoY, recognized RM 5.2b from FPSO Atlanta and Agogo... 3. FPSO Atlanta and Maria Quiteria expected to achieve first oil in 2024, with Agogo in 2025. 4. Renewables Segment still loss making but solar farms are positive on EBITDA basis... 5. ChargeEV... 6. Orderbook currently at USD 23.4 bil... 7. Contract backlog of USD 22.3 bil until 2048... 8. Yinson focuses on the mid-sized FPSO market, as well as conversion / redeployment... 9. Yinson can comfortably handle 5 ongoing FPSO jobs. Very selective in tenders... 10. So far, Yinson has always maintained best in class financial and operational records...” Meow 07/04/2024 6:15 PM BursaVulture Investment Talk with Yinson Holdings https://www.youtube.com/watch?v=R1COT8KkLj8 09/04/2024 12:47 AM Bullstocks888 I agree with you OTB. HODL! Yinson is the next YTLPower. Posted by OTB > 3 days ago | Report Abuse FPSO Agogo is ready to be delivered and found oil at the end of 2025. FY 2027 (January 2027) result will include all FPSOs chartered services. PAT in FY 2027 will be > 1 billion per year. Debt will be reduced to the minimum. I believe Yinson will be included in FBMKLCI component stock in 2027. Good luck. Thank you. 09/04/2024 4:51 PM Permutation How to go up when only EPF is doing trading? TA also bad. Opportunities lost with capital park here. Perhaps better to cut now and come back when the TA improve ?? 09/04/2024 6:38 PM Mabel Tuesday, April 09, 2024 Brent crude futures have established a firm footing over the $90 per barrel mark and not even a brief opening for a potential ceasefire in Gaza managed to pull it lower. Mexico cutting oil exports will ensure bullish sentiment continues to build in the coming weeks, with further directionality set by the US and Chinese inflation numbers this week, potentially even paving the way for a climb closer to $95 per barrel. 09/04/2024 10:40 PM Mabel #Vdhawan Thanks, Mabel for the notes. What do you mean by ChargeEV? 🙂 09/04/2024 11:20 AM Vdhawan Dear, ChargeEV, a business of Yinson GreenTech, is a leading provider of cross-border charging infrastructure network between Malaysia and Singapore. Its primary purpose is to support the transition to electric vehicles (EVs) by developing a fast and widespread charging network. This network aims to make the switch to EVs easier and more accessible for all EV drivers. With strategic partnerships across both Malaysia and Singapore, ChargeEV ensures that EV drivers are never too far from a charging point. They focus on helping businesses electrify their sites and seamlessly onboard them onto their EV charging network, acting as a trusted partner in the transition to electric vehicles. Yinson GreenTech (YGT), the parent company of ChargeEV, is a global energy infrastructure and technology company headquartered in Malaysia. YGT operates in offshore production, renewables, green technologies, and offshore marine, with a presence in 18 countries. Established in 2020, YGT focuses on delivering clean, integrated, and technology-enhanced ecosystems across marine, mobility, and infrastructure segments. Their strategic investments include advanced hydrofoil systems for electric vessels, e-bikes, swappable batteries, autonomous technology for electric vehicles and vessels, marine energy storage solutions, and electric vehicle charging solutions. Ultimately, YGT aims to create a proprietary digital marketplace that provides affordable and accessible tech-based low-carbon products and services, helping businesses and communities achieve net-zero ambitions. In summary, ChargeEV and Yinson GreenTech collaborate to accelerate the development of EV charging infrastructure, making it easier for people to adopt electric vehicles and contribute to a greener future. To Our Success Meow 09/04/2024 10:43 PM stockraider Why Yinson down leh ?? Bcos it keep raising fund & asking for money loh! Btw Its gearing already high loh! 14/04/2024 10:39 AM Mabel Mar2083 Hope not down further next week 😓 13/04/2024 4:57 PM It should be good this week...even Mabel's PCHEM are climbing today... Geopolitics will hold the focus of markets to start the week after Iran's attack on Israel. An Israeli military spokesman said the country is prepared to do "whatever is necessary" in its defense. Tehran said it would attack with greater force if there was retaliation. Late Friday saw a flight to safety with money moving from equities to bonds and gold. Oil also gained on possibilities of production disruption in the Middle East. 15/04/2024 9:57 AM Mabel If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel Published: April 12, 2024 at 1:22 p.m. ET By Myra P. Saefong Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow. “Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.” 15/04/2024 9:57 AM Vdhawan Israel is going to retaliate back ... It's really a mutual exchange of ammunition 😆 https://edition.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-15-24/index.html 16/04/2024 10:39 AM mf China Q1 GDP grows 5.3%, more than expectedEconomic Indicators China Q1 GDP grows 5.3%, more than expected 16/04/2024 10:44 AM diuleiloumei What happened today suddenly passing 2.41, I haven't collect enough 18/04/2024 10:51 PM Rose001 anytime this stock go up, i see KWSP will dispose their shares, what is wrong with KWSP? 19/04/2024 2:09 PM  Sslee Anyone can comment why Yinson need to pay so much interest of 9.625% per annum for the USD 500 million senior secured bond issue with a 5-year tenor? SINGAPORE, April 19, 2024 /PRNewswire/ -- Yinson Production Offshore Pte. Ltd. ("Yinson Production") is pleased to announce the successful placement of a USD 500 million senior secured bond issue with a 5-year tenor and a fixed coupon of 9.625% per annum in the Nordic bond market. 19/04/2024 7:25 PM Sslee Yinson is paying more than double the US 5 Year Treasury Rate of 4.68%. Why? 5 Year Treasury Rate is at 4.68%, compared to 4.62% the previous market day and 3.71% last year. This is higher than the long term average of 3.75%. The 5 Year Treasury Rate is the yield received for investing in a US government issued treasury security that has a maturity of 5 years 19/04/2024 7:35 PM Sslee Is Yinson cannot get a normal USD loan from bank with lower interest rate than 9.625% to refinance the matured borrowing? 19/04/2024 7:38 PM Sslee If Yinson reward shareholders with RI of 5 year RPS with interest of 9.625% per annum many shareholders would have fully taken up the RI. 19/04/2024 7:49 PM  |
|
