KUALA LUMPUR: Shares in Yinson Holdings Bhd continued to attract investors' interest in early trade Wednesday.

       The energy infrastructure group rose 2.26%, or 13 sen to RM5.89 at 9.19am. In the past six months, the counter has risen over 18%.

       RHB Retail Research said Yinson Holdings is set to climb towards its 52-week high.

       The research house said Yinson moved past the sideways consolidation phase of RM5.70 yesterday, printing a “higher high” bullish pattern.

       “If it stays above that level, the positive momentum may push it towards the RM6.05 resistance, then RM6.35 or the 52-week high.

       “This expectation will be nullified if it falls below the RM5.51 support level,” RHB said.

       On Monday, Yinson announced that it secured a letter of intent (LOI) on a floating, production, storage and offloading (FPSO) project in Brazil worth US$505mil (RM2.13bil).

       Yinson's indirect wholly owned subsidiary, Yinson Acacia Ltd, received a LOI from Enauta Energia S.A. for the provision, operation and maintenance of a FPSO asset in the Atlanta field in Santos Basin, offshore Brazil (Atlanta FPSO).

       Yinson said the estimated aggregate value of the project — including a two-year operations and maintenance agreement — may further increase to US$1.98bil (inclusive of a five-year extension period), should Yinson exercise the call option.