Thursday 25 Apr 2024
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KUALA LUMPUR (Dec 14): UOB Kay Hian analyst Kong Ho Meng upgraded the recommendation on Yinson Holdings Bhd to buy from hold.

UOB Kay Hian raised the target price to RM4.40 from RM3.75, implying a 17% increase from the last regular trade. The target is 1.6% below the consensus average of RM4.47.

Yinson had 7 buy recommendations, 1 hold and 0 sells previously.

Investors who followed UOB Kay Hian's recommendation would havereceived a 17% return in the past year previously, compared with the 32% return on the shares.

Analysts raised their consensus one-year target price for the stock by 8.5% in the past three months. Forecasts range from RM4.05 to RM4.88.

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