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Why DBS is positive on Yoma despite dip in full-year earnings

Jude Chan
Jude Chan5/25/2017 11:41 AM GMT+08  • 2 min read
Why DBS is positive on Yoma despite dip in full-year earnings
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.
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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.

The segment contributed to 46.6% of Yoma’s total revenue for the year – closing in fast on the group’s target of at least half of its revenue coming from non-real estate businesses by 2020.

“We are seeing a strong rebound in operating performance as most of its underlying businesses are doing well,” says DBS lead analyst Rachel Tan in a flash note on Thursday.

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