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The Securities Commission should investigate possible insider trading and price manipulation involving the Lim family. News of a potential privatisation was widely circulated, even reported by The Edge, yet the share price has continued to be suppressed. This raises concerns that the market may be intentionally pressured down to enable a lower offer price.
CIMB Research retains its unchanged sum-of-parts-based target price of RM2.93 a share. Yinson Holdings Bhd’s near-term earnings is supported by long-term contracted cash flows from its existing floating production, storage, and offloading (FPSO) fleet, says CIMB Research.