Brazil rebid shakes Yinson, but it could emerge stronger


Following the announcement last week that the PDB charter is likely to open for new bids next month with the award likely by mid-2021, Yinson’s share price took a hit yesterday, closing 11.23% or 61 sen lower at RM4.82.

PETALING JAYA: The rebidding of the FPSO Parque das Baleias (PDB) charter in Brazil has thrown a spanner in the works for Yinson Holdings Bhd, which had expected to secure this tender, being the only remaining bidder.

Following the announcement last week that the PDB charter is likely to open for new bids next month with the award likely by mid-2021, Yinson’s share price took a hit yesterday, closing 11.23% or 61 sen lower at RM4.82.

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Yinson , Petrobras , PPSO , Covid-19 ,

   

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