SINGAPORE (Nov 16): Myanmar developer Yoma Strategic Holdings should have a better second half after reporting a core net loss for the fiscal second quarter of $2.2 million, with the general election results being a key catalyst, CIMB says in a note.

The brokerage upgrades Yoma to “hold” from “reduce”, following the company's earnings.

In the second half, CIMB sees growth come from tourist hot air balloon rides over Bagan, sales at its tractor business and income from its new KFC stores.

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