This stock offers prime exposure to fast-emerging Myanmar

SINGAPORE (Jan 4): OCBC is initiating coverage on Singapore Myanmar Investco (SMI) at “buy” with a fair value of 97 cents, on the basis that it offers prime exposure to the tourism and consumer sectors of high-growth Myanmar.

The Singapore-listed group’s core business portfolio in Myanmar comprises duty-free travel and branded retail stores; restaurants and F&B distribution; car rental services; construction services; and logistics and warehousing services.

This is in addition to holding franchise rights in Myanmar to food and beverage (F&B) brands such as Coffee Bean, Crystal Jade and Ippudo Ramen.

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