Yinson Holdings' core net profit for the first quarter of 2017 (Q1, FY17) is estimated to be RM40mil to RM45mil boosted by its floating storage and offloading vessel (FSO) and floating production, storage and offloading vessel (FPSO) businesses.
Maybank Investment Bank Research said on Thursday the Q1 17 results due late in the day would unlikely spring any surprises as its four FSOs would remain the group’s earnings driver, with high operational uptime.
The conversion of its FPSO Genesis is on track to meet the 2017 delivery target, it said, adding that a potential 15 sen special dividend per share post sale of non-oil and gas (O&G) business by Q2 financial year 2018 (earliest) is a short-term catalyst.
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Maybank Investment Bank Research said on Thursday the Q1 17 results due late in the day would unlikely spring any surprises as its four FSOs would remain the group’s earnings driver, with high operational uptime.
The conversion of its FPSO Genesis is on track to meet the 2017 delivery target, it said, adding that a potential 15 sen special dividend per share post sale of non-oil and gas (O&G) business by Q2 financial year 2018 (earliest) is a short-term catalyst.
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