Recommended BUY
Price : RM1.72
52 Week high : RM1.74
52 Week Low : RM0.68
Mkt Cap : RM0.1b
P/E : 6.2X
ROE : 16.3%
Targt Price : RM2.14
Yinson Holdings Berhad is an investment holding company. Through its subsidiaries, it provides comprehensive transportation services, trades construction materials, leases properties and operates as a haulage contractor, Yinson Holdings Berhad has entered into a consortium agreement with Petrovietnam Technical Services Corporation (PTSC), in relation to the execution and performance of bareboat charter contract for the provision and charter of a floating storage and off-loading (FSO) facility.
The deal will allow Yinson and PTSC to develop and establish contractual arrangements, pending the formation of a joint venture company to be incorporated for signing of the Bareboat Contract with PTSC. PTSC is a subsidiary of Vietnam National Oil and Gas Group. (Business Times, June 10,2011).
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