Stock Name: YINSON
Company Name: YINSON HOLDINGS BHD
Maintain Buy with a RM2.20 TP. Results met expectations albeit on weaker QoQ performance. Yinson continues to offer strong earnings growth prospects (3-year net profit CAGR of 28%), exposure to the Vietnam O&G sector minus the currency risk, and undemanding valuations. Our SOP-based TP implies a FY14 PER of 9x.
Maybank Research - 2 April 2012
Click here for full report
Company Name: YINSON HOLDINGS BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 2.20 |
Maintain Buy with a RM2.20 TP. Results met expectations albeit on weaker QoQ performance. Yinson continues to offer strong earnings growth prospects (3-year net profit CAGR of 28%), exposure to the Vietnam O&G sector minus the currency risk, and undemanding valuations. Our SOP-based TP implies a FY14 PER of 9x.
Maybank Research - 2 April 2012
Click here for full report
No comments:
Post a Comment