KUALA LUMPUR (April 9): Maybank Investment Bank Bhd Research has maintained its Buy recommendation on YINSON HOLDINGS BHD [] at RM1.77 with a target price of RM2.20 and said Yinson’s proposal of a 6% placement new shares was to fund upcoming projects planned for the next 12 months,
However, the research house said on April 9 that Yinson’s management remains mindful of limiting dilution to shareholders.
“No change to our target price pending completion of the exercise but we are positive as it will lower Yinson’s gearing (1.8x to 1.6x), putting it on a better footing to secure new jobs,” it said.
However, the research house said on April 9 that Yinson’s management remains mindful of limiting dilution to shareholders.
“No change to our target price pending completion of the exercise but we are positive as it will lower Yinson’s gearing (1.8x to 1.6x), putting it on a better footing to secure new jobs,” it said.
