Potential mega deals to boost Yinson’s share price

Yinson registered a net profit of RM91mil for the first half of FY20, a decline of 32.1% compared with the corresponding period last year.

PETALING JAYA: Despite Yinson Holdings Bhd’s below-expectations results for the first half of the financial year 2020 (FY20), the potential signing of two mega projects in Brazil by year end will be an immediate strong catalyst to Yinson’s share price, said RHB Research.

Yinson registered a net profit of RM91mil for the first half of FY20, a decline of 32.1% compared with the corresponding period last year.