Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Tue, 17 Oct 2017, 08:53 AM

 

Yoma Strategic Holdings: Myanmar Growth Prospects Intact

Author:   |    Publish date:


In the World Bank Group’s East Asia and Pacific Economic Update for October 2017, Myanmar was noted to have seen economic growth slowing to 5.9% in 2016/17 compared to 7% in 2015/16. However, economic growth is projected to recover to 6.4% in 2017/18 and average 6.9% over the medium-term.

The report also noted that an expected bounce in agriculture activity is likely to support stronger growth in rural incomes moving forward, though productivity bottlenecks remain.

In our view, these set of forecasts should continue to support Yoma’s distribution and after-sales services for New Holland tractors. The World Bank Group also notes that consumer purchasing power in the country has also been rising. This also bodes well for Yoma’s KFC business, as the group is looking to increase its store count from 13 as of 30 Jun 2017 to 22 by the end of FY18.

Maintain HOLD with an unchanged fair value estimate of SS$0.58.

Source: OCBC Research - 11 Oct 2017

Share this

Related Stocks

Chart Stock Name Last Change Volume 
Yoma Strategic 0.595 -0.005 (0.83%) 1,249,700 

  Be the first to like this.
 


 

168  197  232  430 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 CLTW 0.125-0.004 
 CLSW 0.089-0.001 
 CLDW 0.138-0.003 
 Alliance Mineral 0.385-0.015 
 CLEW 0.043-0.001 
 Rowsley 0.1380.00 
 China Med Intl 0.0010.00 
 CDWW 0.012-0.001 
 Ziwo^ 0.02+0.002 
 SingTel 3.74+0.02 
Partners & Brokers