The Yinson Hermes. “Our SOP-based target price is raised to RM9.18 as we roll forward to endCY20F, lower the risk-free rate by 0.5% pt, and lower effective interest cost, ” CGS-CIMB Research said.
KUALA LUMPUR: Yinson Holdings
’ 9MFY1/20 core net profit of RM44mil was at 66% of CGS-CIMB Equities Research’s previous full-year (38% of consensus), below expectations due to higher-than-expected taxes.
“Maintain Add as the commissioning of Helang and Abigail-Joseph FPSOs will lift FY21F core EPS almost seven-fold yoy; Yinson may also win new contracts.
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