AmInvestment Research said Yinson
PETALING JAYA: AmInvestment Research is maintaining its “buy” call on Yinson Holdings
with unchanged forecasts and sum-of-parts (SOP) fair value of RM4.50 a share, which implies a fiscal 2019 (FY19) forecast price-to-earnings (PE) ratio of 15 times.
It said Yinson’s 49%-owned floating production storage and offloading vessel (FPSO) PTSC Lam Son had received a fee of US$209mil (RM840mil) for the termination of the bareboat charter effective on June 30, 2017 following the liquidation of Lam Son Joint Operating Company (LSJV).
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