SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 22 Mar 2018, 10:14 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 0.43 0.00 (0.00%) 1,131,000 

  Be the first to like this.


95  139  212  607 

Top 10 Active Counters
 STI ETF 3.43-0.06 
 LION-PHILLIP .. 1.003-0.009 
 CRAW 0.158+0.05 
 NikkoAM-STC A.. 1.088-0.015 
 HSI28800MBePW.. 0.097+0.034 
 XT MS SING US$ 1.498-0.042 
 Lyxor Asia US$ 6.35-0.21 
 XT MSPHILS US$ 1.884-0.037 
 CQZW 0.04-0.036 
 PHIL AP DIV R.. 1.279-0.016 
Partners & Brokers