Maintain BUY and MYR6.65 TP
Yinson’s collaboration with Verano speeds up its energy transition program. Verano offers Yinson immediate access into Latin America’s RE space, with a strong development pipeline of greenfield RE projects (800MW) in hand. Crystallising these projects will help realise its 5GW RE capacity target by 2025 and meet its 2030 carbon neutral agenda. Our TP is SOP-based.