KUALA LUMPUR (Sept 25): CIMB IB Research has maintained “Hold” on Yinson Holdings Bhd at RM4.55 with a higher target price of RM4.72 (from RM4.70) and said Yinson’s 1HFY1/19 core net profit, at 43% of house previous forecast, was in line given that a stronger US$ will help boost its future ringgit earnings.

In a note today, the research house said its SOP-based target price is raised on housekeeping matters to RM4.72, which already includes an unchanged assumption of two new contract wins.

“We maintain Hold as Yinson’s bright prospects appear to be priced in,” it said.