Yoma Strategic Holdings

SINGAPORE (May 31): Yoma Strategic on Wednesday announced that its 4Q18 earnings have fallen by 86% to $3.5 million from $24.1 million in 4Q17. This brings FY18 earnings to $26.6 million, 25.7% lower than the previous year.

SINGAPORE (Apr 3): International Finance Corporation (IFC) is joining as a new investment partner in Yoma Micro Power, a joint venture between Yoma Strategic Holdings and Norwegian state-owned fund Norfund.

SINGAPORE (Apr 2): Yoma Strategic Holdings says deemed subsidiary, SGG Motor Services, has opened Myanmar’s Ducati motorcycle showroom at 35th Street, Mandalay.

SINGAPORE (Mar 12): Yoma Strategic Holdings along with ride hailing platform Grab have inked an agreement to focus on upgrading the fleet of taxis in Myanmar, together with the provision of vehicle financing for Grab’s driver-partners.

SINGAPORE (Mar 7): OCBC Investment Research says it is “broadly positive” on Yoma Strategic Holdings’ foray into mobile financial services in Myanmar.

SINGAPORE (Feb 6): Yoma Strategic Holdings reported earnings of $16.8 million for the 3Q ended December on the back of the disposal of its tourism business in Myanmar, compared to earnings of $0.3 million a year ago.

SINGAPORE (Nov 29): Yoma Strategic Holdings has engaged two construction companies to build Yoma Central and The Peninsula Yangon, both of which sit on a 10-acre site in Yangon with a combined contract value of over US$400 million ($538 million).

SINGAPORE (Oct 27): Yoma Strategic Holdings reported a 56.8% decline in earnings to $3.7 million for the 2Q ended September, from $8.5 million a year ago.

SINGAPORE (July 26): Yoma Strategic Holdings, the corporation with a diversified portfolio of businesses in in Myanmar, reported a 54% rise in 1Q18 earnings ended June of $2.8 million from $1.8 million a year ago.

SINGAPORE (May 25): Yoma Strategic Holdings’ non-real estate businesses could drive the group forward amid continued softness in the property segment, according to DBS Group Research.