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Yinson Legacy Sdn Bhd (YLSB), MISC Bhd and the Employees Provident Fund have been granted an extension until Nov 30 to announce their firm intention on the proposed privatisation of Yinson Holdings Bhd
RHB RESEARCH (SEPT 30): Yinson Holdings Bhd’s (KL:YINSON) first-half FY27 (ended January) core net profit of RM263 million (+43% y-o-y) accounts for 30% and 40% of our and consensus FY27 forecasts. We deem the results as in line — earnings are typically back-end loaded, supported by higher recurring charter contributions, annual charter escalations and potential project wins in the later part of the year.
The owner already engaged operator to press down its price as low as possible in order for them to privatise the company cheaply at the expense of minority shareholders. So why bother the unrealistic TP given by IB?
Yinson looks interesting with its strong FPSO order book and long-term recurring income. New project contributions could boost earnings further, EPF keep accumulating
Yinson Production, the offshore energy business of Yinson Holdings Bhd, has priced US$1.458bil in senior secured notes to refinance existing debt related to its Agogo floating production, storage and offloading (FPSO) vessel
Yinson getting more interesting. With MISC potentially coming into the privatisation deal, it shows there’s serious strategic interest in Yinson’s FPSO assets. Worth watching how this develops.
Why Does the Yinson Buyout Keep Almost Happening? 🚢📉
For over a year, the market has been hearing rumors that floating oil & gas infrastructure giant Yinson Holdings is going private. After initial talks with US investor Stonepeak fell through, a new consortium has stepped up.
Here is a quick breakdown of where the deal stands:
