Kenanga upgrades Yinson to 'outperform'

KUALA LUMPUR: Kenanga Investment Bank Research has upgraded Yinson Holdings Bhd to "outperform" as it expects the group to secure at least one new contract during the year.

Yinson is in the midst of rebidding for three projects, namely Limbayong FPSO in offshore Sabah, Pecan FPSO in offshore Ghana and Parque das Baleias off Brazil.