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Myanmar
ETC’s corporate turnaround strategy bearing fruit in Yangon
SINGAPORE (March 30): OCBC expects additional acquisitions from Emerging Towns & Cities (ETC) within the next year as the group continues to prospect for quality assets in countries including other parts of Asean.
March 30, 2017
Broker's Calls
Despite mixed bag of 3Q results, this stock offers the best proxy to invest in Myanmar
SINGAPORE (March 28): RHB Research is maintaining its positive view on Yoma Strategic as “the best proxy to invest in Myanmar” and continues to rate the counter at “buy” with a target price of 78 cents, despite the group posting a 98.7% decline
March 28, 2017
Global Economy
The strange case of Korea and Taiwan's diverging export fortunes
SYDNEY (March 28): South Korean workers' wages are rising faster than those of regional rivals, and the power of the nation's sprawling conglomerates, or chaebols, remains unchecked, highlighting a lack of serious economic reform. Yet manufacturi
March 28, 2017
Myanmar luxury property reels from foreign-buyer confusion
SINGAPORE (March 23): Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market.
March 23, 2017
M&A
Yoma Strategic to establish food distribution platform in Myanmar through Metro JV
SINGAPORE (Feb 24): Yoma Strategic Holdings has entered into a strategic partnership with Metro Group Wholesale & Food Specialist Company to establish a one-stop food distribution platform in Myanmar through the formation of joint venture (JV) company, Me
February 24, 2017
Results
Yoma Strategic 3Q earnings fall 98.7% for 3Q17 on lower fair value gain of telco tower business
SINGAPORE (Feb 10): Yoma Strategic reported earnings of $0.3 million for 3QFY17, a 98.7% drop from the earnings of $25.2 million in 3Q16 on lower fair value gain after disposing a partial stake in its telco towers business.
February 10, 2017
Broker's Calls
Can Myanmar’s growth lift this company out of the red?
SINGAPORE (Feb 7): CIMB says Singapore Myanmar Investco (SMI) could reverse out of the red in FY18 on the back of growing tourism and foreign investments in Myanmar.
February 07, 2017
United Global signs joint operation agreement with Myanmar company
SINGAPORE (Jan 16): United Global says on Monday that its wholly owned subsidiary United Oil Company has signed a joint operation agreement with Lighthouse Enterprise, a lubricant distributor in Myanmar and the unit’s major customer.
January 16, 2017
Asia's smallest economies forecast to be among fastest growing
MAKATI (Jan 13): Asia's smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close t
January 13, 2017
RHB strategy for 2017
A diversified business model is the strength of this stock
SINGAPORE (Jan 9): RHB says Yoma Strategic offers investors the best proxy to invest in Myanmar with its strong and diversified business model.
January 09, 2017