Yoma Strategic

SINGAPORE (Apr 11): RHB Group Research says Yoma Strategic ready to transition into its next growth phase, despite weakness in its real estate business.

SINGAPORE (Jan 11): Yoma Strategic Holdings is acquiring a 65% stake in Yankin Kyay Oh Group of Companies (YKKO), subject to the satisfaction of certain conditions, for a consideration of MMK 19.4 billion ($17.0 million).

SINGAPORE (Dec 27): RHB Research is maintaining its “buy” call on Yoma Strategic while lowering its target price to 57 cents from 66 cents, after the stock’s recent share price recovery from all-time low levels in Oct.

SINGAPORE (July 24): Yoma Strategic Holdings reported a loss of $15.9 million for 1Q19 compared to earnings of $2.8 million a year ago on higher finance expenses, lower other income, as well as greater share of losses of joint ventures and associated comp

SINGAPORE (May 25): Yoma Strategic plans to form a joint venture (JV) company with French spirits giant Pernod Ricard to focus on the production and distribution of whisky in Myanmar.

(Jan 17): When Melvyn Pun agreed to take his former boss to Myanmar in 2012, little did he know that the trip would cause him to quit his high-profile job at Goldman Sachs Group Inc.

SINGAPORE (Nov 7): Yoma Strategic has raised gross proceeds of $82.2 million following the closure of a placement exercise involving the issuance of 155 million new shares at 53 cents each.

SINGAPORE (Nov 5): Yoma Strategic has successfully closed a placement exercise raising gross proceeds of $82.2 million.

SINGAPORE (July 27): OCBC likes the good set of 1Q numbers presented by Yoma Strategic but is tempering its optimism with some caution.

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