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Record High Profit but low cash flow , the total liability increased by 2B in the balance sheet from previous quarter … and fund raising again .. need to watch out
I have a quick and dirty way to assess whether a company has strong fundamentals by comparing its ROE trend with one where I have done a detailed fundamental analysis. https://i.postimg.cc/x8zjymZN/Yinson.png
An example is comparing the ROE trend of Yinson with my reference oil and gas company – Deleum. I consider Deleum as one with good fundamentals. You can see that Yinson falls into the good fundamentals category. https://www.i4value.asia/2024/01/is-deleum-value-trap.html#more
But when you look at the market price, it is trading at PE 11 and PBV of 1.4. Compared to its price trend, the current price is not peak. It is not expensive but not exactly cheap either.
If you follow Buffett “wonderful company at fair price” investment philosophy, then Yinson could be in this category.
But if you are a cigar butt investor or looking for deep under valued stocks, I am not sure Yinson fits the bill.
