Yoma Strategic Holdings

Yoma has been de-gearing its balance sheet, disposing its non-core assets, localising costs as well as rebalancing its headcount.

The bonds have been rated AAA by TRIS Rating and are fully guaranteed by the Credit Guarantee and Investment Facility.

Yoma notes that the business environment has generally been more stable over the last six months

The group expects the third wave of Covid-19 cases in Myanmar to severely disrupt economic activities in the country.

Before the Feb 1 coup, Yoma was trading at 28 cents. It closed at 19 cents on Feb 17.

SINGAPORE (June 4): DBS Group Research believes Yoma Strategic Holdings is well placed to tap into Myanmar’s potential economic turnaround, with its diversified portfolio in the property, consumer and automotive sectors.

SINGAPORE (Feb 13): Yoma Strategic announced that it has made a loss of $4.9 million in 3Q19, compared to earnings of $16.8 million in 3Q18.

SINGAPORE (Jan 10): OUE Lippo Healthcare (OUELH) is acquiring stakes in three hospitals, one medical centre and two clinics to expand its foothold in Myanmar.

SINGAPORE (Nov 7): Yoma Strategic and Auntie Anne’s parent company Focus Brands jointly announced that signing of a franchise agreement to open the Auntie Anne’s franchise in Myanmar.

SINGAPORE (June 29): Yoma Strategic Holdings saw revenue from its non-real estate business surge 33% y-o-y to $65.2 million in FY18, accounting for 60% of its total revenue, as compare to 47% of its total revenue in FY17.