On Wednesday, Yinson announced it was awarded two letters of intent by Petroleo Brasileiro (Petrobras) to provide a FPSO facility to the Marlim field located off the coast of Brazil, as well as the corresponding operations and maintenance (O&M) services.
KUALA LUMPUR: RHB Research is retaining its Buy call and target price of RM8.22 for Yinson Holdings Bhd
after it secured contracts worth US$5.40bil or RM22.70bil in Brazil.
It said on Thursday it was positive on the FPSO Marlim 2 project win – marking its maiden venture into the Brazilian floating production storage and offloading (FPSO) market.
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