RHB Research maintains Buy on Yinson, TP RM8.22

RHB Research is maintaining its Buy call on Yinson with a target price of RM8.22, which 33% above the last traded price of RM6.20.

KUALA LUMPUR: RHB Research is maintaining its Buy call on Yinson with a target price of RM8.22, which 33% above the last traded price of RM6.20, factoring in floating production storage and offloading (FPSO) Marlim 2 and an additional new project win by this year.

In its research note issued on Friday, it said that it was not overly concerned on the client permitted delay on FPSO Abigail-Joseph as Yinson is not subjected to any penalties.