Yoma Strategic Holdings

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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Yoma Strategic's 3Q earnings surge to $16.8 mil on disposal of tourism business
SINGAPORE (Feb 6): Yoma Strategic Holdings reported earnings of $16.8 million for the 3Q ended December on the back of the disposal of its tourism business in Myanmar, compared to earnings of $0.3 million a year ago. The group in Dec 2017 completed the sale of its tourism business and recognised a net gain of approximately $27.7 million. Revenue remained stable at $24.1 million in 3Q18, ...