Yoma Strategic ( former Sea View Hotel )

[behappyalways]

Yoma Strategic group reports 3.2% y-o-y growth in group revenue to US$18.6 mil in 3M20 trading update
https://www.theedgesingapore.com/news/r ... 20-trading

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Yoma Land to develop first suburban office property and second City Loft project in Yangon
https://www.theedgesingapore.com/news/p ... ect-yangon


Yoma Strategic reports US$60.5 mil loss in FY2020 due to fair value losses
https://www.theedgesingapore.com/capita ... lue-losses

[winston]

not vested

Broker's take: Phillip Capital lowers Yoma TP to 34 S cents amid Myanmar unrest

by YONG HUI TING

PHILLIP Capital on Friday lowered its target price for Yoma Strategic Holdings to S$0.34 from the previous S$0.46, following Myanmar's recent political unrest.

The brokerage maintained a "buy" call on the stock, but revised its FY21/22 growth forecast from between 5 and 7 per cent to 0 and 2 per cent, taking into account the impact of Covid-19 on the country.

Noting that state telecommunication services were disabled and construction work was halted during the coup, analyst Tan Jie Hui expects Yoma Central's completion to be delayed.

Additionally, the food and beverage sector is likely to be lacklustre due to weak consumer sentiment, said the analyst, who foresees a 19 per cent dip in the investment company's FY22 topline.

Further, she predicts weaker investment sentiment and medium-term growth due to the political unrest.

"Although China may continue its investments given that Myanmar is a vital piece of Beijing's Belt and Road infrastructure initiative, foreign domestic investments as a whole may drop due to political instability," said Ms Tan.

Coupled with the impact of Covid-19 lockdowns implemented from October to December 2020, she has further cut her forecast on Yoma's FY21/22 earnings by 27 per cent and 35 per cent.

However, she is optimistic about Yoma's outlook on observations of strong investor support.

"While the coup came as a shock, international lenders and partners have not pulled out their funds. We believe Ayala will proceed with its second-tranche equity investment in the company by May 11, 2021," said Ms Tan, who advised investors to look out for sanctions from foreign nations, investments from Ayala and Ant Financial, and the kyat's currency movements.

Source: Business Times

https://www.businesstimes.com.sg/compan ... mar-unrest

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Yoma reports relatively stable group revenue for 1Q update, says it will continue to monitor situation in Myanmar
https://www.theedgesingapore.com/capita ... ue-monitor

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Yoma goes deeper into the red with net loss of US$21.6 mil for 1H21
https://www.theedgesingapore.com/capita ... 6-mil-1h21

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Yoma Strategic posts 3M21 revenue of US$19.6 mil, anticipates 'severe impact' from Covid-19 wave in Myanmar
https://www.theedgesingapore.com/capita ... id-19-wave

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The higher figure for both the 2HFY2021 and FY2021 was mainly attributed to fair value gains on investment properties of US$41.4 million in the 2HFY2021 compared to fair value losses of US$12.1 million in the 2HFY2020.
The valuation of the group’s properties are determined in USD, which had appreciated by over 40% against the Myanmar Kyat (MMK) as at Sept 30, making its fair value on investment properties higher in MMK terms.

Yoma reverses from loss to US$216,000 in 2HFY21 despite Covid-19 disruptions
https://www.theedgesingapore.com/capita ... isruptions

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Yoma Strategic to acquire controlling interest in fintech firm Wave Money for US$53 million
https://www.theedgesingapore.com/news/m ... 53-million

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Yoma reports a loss of US$13.5 million for second half ended Sept 30
https://www.theedgesingapore.com/capita ... ed-sept-30

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Yoma Strategic to acquire Telenor Group's stake in Wave Money at revised consideration of US$40 mil
https://www.theedgesingapore.com/news/m ... n-us40-mil