Singapore Stock Market News
Yoma Strategic - Focusing On Fundamentals
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Publish date: Fri, 12 Oct 2012, 01:41 PM
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Process of liberalization in-line with expectations
In our report last month, we had expressed the view that the process
of political and economic liberalization in Myanmar would likely be a
sustained and meaningful one. Since then, we have seen the US ease
restrictions on Myanmar imports after Aung San Suu Kyi's visit to the
country.''
In addition, plans were announced by the Myanmar central
bank for implementing an independent monetary policy and allowing
JVs with foreign banks in the banking sector next year. These
developments are much in line with our base-case expectations, which
continue to validate our positive outlook of the company's macroeconomic
drivers.
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