Yinson’s prospects remain positive

PETALING JAYA: Brokerage firms are positive on the prospects of Yinson Holdings Bhd as some of its projects may cross the completion rate threshold by the second quarter ended July 31,2023 (Q2’23) although its core net profits have been on the downtrend over the past five quarters.

The energy infrastructure and technology provider’s net profit for Q4’22 fell 2.9% to RM65mil from RM67mil a year ago due to scheduled lower progress in the engineering, procurement, construction, installation and commission (EPCIC) business activities.