Minimal Impact Seen from Termination of Yinson's FPSO Lam Son Contract

Wan Mohd Zahidi, Senior Analyst, RHB Research

06-Apr-17 09:20

Minimal Impact Seen from Termination of Yinson's FPSO Lam Son Contract

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Recent termination of its FPSO Lam Son contract in Vietnam may be a non-event for the group, as Petrovietnam intends to continue production at the field. More earnings upside is also seen from its fifth FPSO Genesis, recent contract win at Ca Rong Do, and adoption of a dividend policy by the group.

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Tags: Malaysia equities, FPSO, oil & gas sector, Yinson, Petronas, Petrovietnam

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