Yoma Strategic Holdings

Yoma well placed to tap into Myanmar's potential economic growth, says DBS

SINGAPORE (June 4): DBS Group Research believes Yoma Strategic Holdings is well placed to tap into Myanmar’s potential economic turnaround, with its diversified portfolio in the property, consumer and automotive sectors.

DBS is keeping its “buy” recommendation on Yoma with an unchanged target price of 40 cents, based on a 60% discount to RNAV.

Yoma’s real estate business remains its core EBITDA contributor, accounting for 96% of core EBITDA in FY19, excluding fair value gains.

Yoma Strategic sinks into the red in 3Q with a loss of $4.9 mil on absence of one-off gains and higher expenses

SINGAPORE (Feb 13): Yoma Strategic announced that it has made a loss of $4.9 million in 3Q19, compared to earnings of $16.8 million in 3Q18.

This brings 9M19 earnings to $5.3 million, 76.9% lower than $23.2 million in 9M18.

Revenue for the quarter was 12.1% higher at $27.0 million from $24.1 million in the previous year, mainly due to higher contribution from the group’s real estate development, real estate services, financial services and consumer segments.

OUE Lippo Healthcare snaps up stakes in six Myanmar medical facilities for $26.5 mil

SINGAPORE (Jan 10): OUE Lippo Healthcare (OUELH) is acquiring stakes in three hospitals, one medical centre and two clinics to expand its foothold in Myanmar.

The three hospitals, with a total bed capacity of 370 beds, are located in the key cities of Yangon, Mandalay and Taunggyi. The core services offered by the hospitals include emergency, out-patient, in-patient, laboratory, imaging, physiotherapy, medical check-up, overseas clinical services, across practices including Cardiology, Orthopaedics, Obstetrics and Gynaecology.

Yoma to open Auntie Anne's Pretzel franchise in Myanmar

SINGAPORE (Nov 7): Yoma Strategic and Auntie Anne’s parent company Focus Brands jointly announced that signing of a franchise agreement to open the Auntie Anne’s franchise in Myanmar.

Myanmar’s first Auntie Anne’s outlet is scheduled to open in Yangon in the coming months, with expansion plans for the next five years.

The pretzel outlet targets Myanmar’s growing middle class and will sit alongside the group’s existing brands in Myanmar, KFC and Little Sheep Hotpot.

Originating from Pennsylvania, USA, the brand currently has more than 1,800 outlets in 30 countries.

Yoma Strategic's non-real estate business to contribute towards finger licking good outlook

SINGAPORE (June 29): Yoma Strategic Holdings saw revenue from its non-real estate business surge 33% y-o-y to $65.2 million in FY18, accounting for 60% of its total revenue, as compare to 47% of its total revenue in FY17.

The FY18 topline growth for non-real estate business was mainly driven by higher revenue from the group’s consumer, automotive and heavy equipment segments that helped partially offset the slowdown in its real estate sales, which was down 36% y-o-y to $42.6 million.

Analysts remain positive on Yoma Strategic's growing non-real estate business

SINGAPORE (May 31): Yoma Strategic on Wednesday announced that its 4Q18 earnings have fallen by 86% to $3.5 million from $24.1 million in 4Q17. This brings FY18 earnings to $26.6 million, 25.7% lower than the previous year.

Revenue for the quarter saw a 48.2% y-o-y drop to $25.1 million, impacted by reduced income generated from the sale of residences and land development rights (LDRs), which fell the most in the company's breakdown of revenue.

IFC joins Norfund, Yoma Strategic to raise US$28 mil to bring power to rural Myanmar

SINGAPORE (Apr 3): International Finance Corporation (IFC) is joining as a new investment partner in Yoma Micro Power, a joint venture between Yoma Strategic Holdings and Norwegian state-owned fund Norfund.

Together, the partners intend to raise up to US$28 million ($36.7 million) by way of equity and debt financing for its project to power off-grid Myanmar.

The investment will enable Yoma Micro Power to generate and distribute electricity using solar-based micro power plants and mini-grids to power telecom towers in rural Myanmar as well as off-grid communities.

Yoma Strategic subsidiary opens Myanmar's first Ducati showroom

SINGAPORE (Apr 2): Yoma Strategic Holdings says deemed subsidiary, SGG Motor Services, has opened Myanmar’s Ducati motorcycle showroom at 35th Street, Mandalay.

Featuring a full range of Ducati models including Monster and the Panigale V4 superbike, the facility also comes with a fully-equipped Ducati-approved service centre, which Yoma says is also the first of its kind in the country.  

Yoma Strategic partners Grab to upgrade taxis in Myanmar

SINGAPORE (Mar 12): Yoma Strategic Holdings along with ride hailing platform Grab have inked an agreement to focus on upgrading the fleet of taxis in Myanmar, together with the provision of vehicle financing for Grab’s driver-partners.

This partnership is an extension of Grab’s vision, as about 70,000 taxis in Yangon require upgrading, as well as better and regular maintenance. It will support Grab’s taxi business, allowing its driver-partners to use better quality vehicles in the near future.

Yoma to ride on mobile financial services wave in Myanmar

SINGAPORE (Mar 7): OCBC Investment Research says it is “broadly positive” on Yoma Strategic Holdings’ foray into mobile financial services in Myanmar.

To recap, Yoma announced Tuesday that it is acquiring a 34% stake in Digital Wave Money Myanmar Co. – the first licensed provider to offer simple and reliable mobile financial services to consumers in the country – for US$19.4 million ($25.6 million).

According to Yoma, Wave Money now serves 1.3 million customers, or 2.5% of Myanmar’s population. Over 80% of the population currently remains unbanked, the group said.

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