Yinson continues to draw interest
The dovish market has not stopped some investors from continuing to buy into Yinson Holdings Bhd , one of the top performers on Bursa Malaysia. Year-to-date, the stock is up by 71.4% at RM7.20 as of mid-Friday, giving it a market capitalisation of RM7.8bil.
This week alone, the stock is up 5.6%, increasing the company’s market capitalisation by RM410.51mil.
And just three days ago, Credit Suisse jumped on the bandwagon of the string of analysts, putting a “buy” on the stock.
While Credit Suisse’s target price of RM8.88 is still lower than the highest set by Maybank Kim Eng at RM9.45, the foreign research house pointed out some interesting views on why they too have fallen in love with the floating production, storage and offloading (FPSO) provider.
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