Bursa Malaysia Stock Watch

Yinson Holdings: Maintain Buy - Balancing Growth

kltrader
Publish date: Mon, 09 Apr 2012, 09:19 AM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Preparing for new projects. Yinson is proposing a 6% placement of new shares. We believe this is to fund upcoming projects planned for the next 12 months though management remains mindful to limit dilution to shareholders. No change to 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.

Click here for full report

Source: Maybank Research - 9 April 2012
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment