CIMB Equities Research has downgraded Yinson Holdings Bhd from Add to Hold after the share price rallied 23% over the past three months.
Yinson Holdings Bhd
will have a lot on its plate as it will have to juggle two large potential floating production, storage and offloading (FPSO) contracts to be secured, along with the acquisition and restructuring of Ezion Holdings Ltd.
According to CGS-CIMB, Yinson will have to convince investors that it is able to manage the increasing execution risks of a sudden scale up in its workload.
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