Yinson’s share price poised to recover

PETALING JAYA: Yinson Holdings Bhd should see its share price recover by the middle of this year, after the completion of its corporate exercise.

CGS-CIMB Research noted that the energy infrastructure and technology provider’s share price had been weak since it first announced on Dec 20, 2021 of its intention to execute a rights issue as it believed that investors have had to reduce their holdings in the company in order participate in the upcoming rights issue.