Yinson group remains steady as its O&G contracts are protected

AmInvest Research said Yinson

PETALING JAYA: While the plunging crude oil price has wreaked havoc on oil and gas (O&G) stocks, Yinson Holdings Bhd is fairly confident that its margins will be intact on the grounds that its contracts with suppliers are secured.

“The group remains steady in the midst of the current correction in oil prices, contributed from our long-term contracts. The rates are fixed over those firm-periods,” said group executive chairman Lim Han Weng (pic) to StarBiz in an email reply.