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Yinson's Buy Prospects Unaffected By Lower ESG Scorecard

Business Today ·  Oct 30 00:22

Yinson Holdings Bhd continues to be favoured by the market for its strong track record and future prospects, despite a lower ESG score of 71/100 from its last score of 78/100, itereated Maybank Investment Bank Bhd (Maybank IB).

Maybank IB has maintained the BUY call on Yinson with an unchanged target price of RM4.78, rewarding a potential return of RM2.09, 77% of its current price level.

As at 11:52am on Oct 30, Yinson's stock traded at RM2.69, up one sen from its previous settlement of RM2.68 recorded on Tuesday. (Stock updates from Bursa Malaysia)

Yinson posted two consecutive years of increase in total greenhouse gas (GHG) emissions from financial years 2021/22-2023/241.

FY2023/24 air emissions data also saw an uptrend in gas emissions in the categories of nitric oxide (NOx) and sulphur oxide (SOx).

  1. Financial year 2021/22 ended June 30, 2022.
    Financial year 2023/24 ended June 30, 2024 ︎
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