Company Overview and News

KLCI edges up as sentiment perks up on Wall St rally

2018-07-26 theedgemarkets
KUALA LUMPUR (July 26): The FBM KLCI rose in early trade, tracking gains the regional markets following the overnight rally at Wall Street.
HLFBF 4006 7293 3867 5819 1082 MYPRY ORHLF 5014

KLCI dips 0.42% as Tenaga and Genting weigh

2018-07-20 theedgemarkets
KUALA LUMPUR (July 20): The FBM KLCI fell 0.42% at mid-morning today, weighed by losses at select index-linked blue chips, including Tenaga Nasional Bhd and Genting Bhd.
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Near-term uncertainties remain in oil and gas sector

ob rollouts: Tourists take photos of Petronas Twin Towers. Petronas has implemented systemic changes in contract rollouts by focusing on economies of scale and cost efficiency. — AFP
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FPSO tenders at highest in three years — Yinson CEO

2018-07-13 theedgemarkets
KUALA LUMPUR: Tenders for floating production storage and offloading (FPSO) jobs are now at the highest in three years, Yinson Holdings Bhd group chief executive officer (CEO) Lim Chern Yuan said, adding that this bodes well for the offshore production and support services provider.
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FPSO tenders highest in 3 years, says Yinson CEO

2018-07-12 theedgemarkets
KUALA LUMPUR (July 12): Tenders for floating production, storage and offloading (FPSO) jobs are now at the highest in three years, Yinson Holdings Bhd group chief executive officer Lim Chern Yuan said, adding that this bodes well for the offshore production and support services provider.
7293 7206 FXPL

The Week Ahead: US-China spat, Trump dates, Bank Negara guidance

2018-07-09 theedgemarkets
With the US-China tariff war kicking in last Friday, all eyes are now on US President Donald Trump, who has threatened to extend levies on all US$500 billion of goods imported from China, from US$34 billion currently. He also has several high-profile meetings in Europe this week.
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More projects likely for Yinson in Africa, Brazil, Gulf of Mexico

2018-07-02 theedgemarkets
Yinson Holdings Bhd (June 29, RM4.58) Maintain buy with a fair value (FV) of RM5.53: We maintain a buy on Yinson Holdings (Yinson) with a slightly higher sum-of-parts-based (SOP) fair value of RM5.53/share (from an earlier RM5.51/share), which implies 14 times price-earnings for the financial year ending Jan 31 2021 forecast (FY21F).
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Lower FPSO contributions seen for Yinson

2018-06-29 theedgemarkets
Yinson Holdings Bhd (June 28, RM4.50) Maintain buy with a lower target price (TP) of RM5.20: Yinson’s first quarter financial year 2019 (1QFY19) core earnings came below our and consensus expectations at 18.9% and 18.8% respectively. This was on an underestimation of the negative earnings impact from floating production storage and offloading (FPSO) Lamson’s premature contract termination in 3QFY18, due to a cessation of the joint venture (JV) that had been chartering the FPSO.

Trading volume on Bursa hits lowest this year

KUALA LUMPUR: Trading volume on Bursa Malaysia, battered by the longest selling by foreign funds since the 14th General Election, saw it falling to 1.56 billion shares, the lowest since the start of 2018 as the US-China trade tensions rattled investor confidence. At 5pm, the FBM KLCI was a shade lower by 0.4 of a point to 0.02% to 1,665.68. Turnover was 1.56 billion shares valued at RM1.65bil. There were 365 gainers, 419 losers and 395 counters unchanged.
7293 PBLOF GMALF 4065 4197 5681 1295 6033 GMALY PNADF 4715 SMEBF BSMAF PNAGF GEBHF 1818

CIMB IB Research downgrades Yinson, lowers target price to RM4.65

2018-06-28 theedgemarkets
KUALA LUMPUR (June 28): CIMB IB Research has downgraded Yinson Holdings Bhd to “Hold” at RM4.65 with a lower target price of RM4.70 (from RM5.32) and said Yinson’s 1QFY1/19 core earnings of RM49 million were below expectations (only 16% of previous FY19F forecast), as the research house underestimated interest expense, and due to the weak US$.

CIMB Research downgrades Yinson on lower core earnings

CIMB Equities Research has downgraded Yinson Holdings Bhd from Add to Hold after the share price rallied 23% over the past three months.

KLCI seen extending losses as global markets fizzle

2018-06-27 theedgemarkets
KUALA LUMPUR (June 28): The FBM KLCI is seen extending its losses today, in line with the overnight fizzle at most global markets, which sputtered after a slight rally.
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Country Heights, TA Global, Berjaya Land, MGB, EA Technique, Gamuda, Yinson Holdings Bhd, Borneo Oil and Comfort Gloves

2018-06-27 theedgemarkets
KUALA LUMPUR (June 27): Based on corporate announcements and news flow today, stocks in focus for Thursday (June 28) may include the following: Country Heights Holdings Bhd, TA Global Bhd, Berjaya Land Bhd, MGB Bhd, EA Technique (M) Bhd, Gamuda Bhd, Yinson Holdings Bhd, Borneo Oil Bhd and Comfort Gloves Bhd.
5789 7293 5738 4219 2127 7036 5158

Yinson 1Q profit flattish despite higher revenue

2018-06-27 theedgemarkets
KUALA LUMPUR (June 27): After record earnings in FY18, offshore support services company Yinson Holdings Bhd got off to a tepid start in the first quarter ended April, posting a profit of RM60.43 million against RM60.29 million a year ago, higher revenues notwithstanding.

Yinson makes a net profit of RM60.4mil in Q1

KUALA LUMPUR: Yinson Holdings Bhd , which owns a fleet of offshore oil and gas processing facilities, made a net profit of RM60.4mil in the first quarter ended April 30.
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