KUALA LUMPUR: RHB Research is downgrading Yinson Holdings Bhd
to Neutral from Buy despite news that the company had secured a huge 15-year FPSO (floating production storage and offloading) contract in Ghana, saying there's limited upside and that it would spark profit-taking.
The target price has also been lowered to RM3.05 from RM3.19 for the stock, which was trading at RM2.88 at 10.58am on Thursday.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
