Yoma kept at ‘hold’ by OCBC while DBS maintains ‘buy’

SINGAPORE (May 20): OCBC is keeping its ‘hold’ call on Yoma Strategic Holdings but raising its fair value estimate from 48 cents to 49 cents.

The research house observes that the group’s telco towers investment, as well as smaller losses from the agricultural segment, have led to the group’s $36.3 million fair value gain, boosting its y-o-y FY16 PATMI by 32.6% to $37.2 million.

The group also reported gradual improvement in its real-estate business, after a smooth transition to Myanmar’s new government after the Nov 15 elections.

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