RHB Research downgrades Yinson to Neutral despite huge FPSO win

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.