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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.
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:
The FPSO JAK contract amendment adds ~USD600m in value attributable to Yinson Group, while extending the firm contract period by another 4 years to 2036.
This should improve long-term earnings visibility and provide positive contribution to earnings, with higher gas export targeted from Q1 2028.
