Yoma Strategic Holdings (Yoma)

Yoma strategic is establishing strong partnerships across different business sectors to become one of Myanmar’s leading companies

Here are three stocks to watch for the week: UG Healthcare Corp, Wilmar International, and Yoma Strategic Holdings.

DBS analysts Rachel Tan and Derek Tan, and Phillip Capital analyst Tan Jie Hui have maintained their "buy" calls on the stock.

Yoma Strategic announced on Wednesday that it was establishing a new company, Yoma MFS Holdings (Wave Holdco), to increase its existing stake and take a controlling interest in Digital Money Myanmar Limited (Wave Money).

Phillip Capital has initiated coverage on mainboard-listed investment company Yoma Strategic Holdings with a “buy” call and a target price of 46 cents, representing a 87.8% upside for the stock.

SINGAPORE (Nov 16): Serge Pun, executive chairman of Yoma Strategic Holdings, bats aside suggestions that he is accepting investment from Ayala only because Western enthusiasm for Myanmar’s growth story has waned. “Asian investors are a lot smarter th

SINGAPORE (Nov 15): DBS Group Research is keeping a keen eye on Yoma Strategic Holdings, following news that Philippine conglomerate Ayala Corporation in injecting some US$155 million ($211 million) to acquire a 20% stake in the Myanmar-focused company.

SINGAPORE (Nov 14): Yoma Strategic Holdings sank into the red with a net loss of US$44.2 million ($60.2 million) for 2Q20 ended September, compared to earnings of US$18.8 million a year ago.

SINGAPORE (Nov 13): Ayala Corporation, one of the oldest and largest conglomerates in the Philippines, is set to invest US$238 million ($324 million) to buy a 20% each in Singapore-listed Yoma Strategic Holdings and Yangon-listed First Myanmar Investment

SINGAPORE (Oct 14): Yoma Strategic Holdings is forming a partnership with Philippines-based AC Energy, Inc. to explore renewable energy projects in Myanmar.