SINGAPORE (June 23): PhillipCapital 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.

The call comes as the Myanmar conglomerate has its feet firmly placed in the country’s most attractive and fast-growing consumer segments, namely mobile finance, property, food and beverage (F&B), and motor vehicles.

Analyst Tan Jie Hui identifies five investment merits for Yoma, which are: attractive valuations; possession of a huge land bank of 20 million sq ft equivalent to 10 to 15 years of sales; stellar growth in the financial services; its status as the largest F&B operator in Myanmar; and infrastructure improvements in the country, which could benefit Yoma’s heavy equipment and motor segment.

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