Singapore Stock Market News

Yoma Strategic Holdings - Building a conglomerate

StockFanatic
Publish date: Wed, 12 Mar 2014, 09:48 AM
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Yoma made a number of announcements including:
1) partnerships with two UK educational institutions to develop two international schools;

2) a plan to launch a real estate development at FMI City; and

3) proposed partnerships with IFC and other reputed players to expand its agriculture and logistics businesses.

While it is still early to assess the impact, these developments have presented a clearer roadmap for the development of a conglomerate in Myanmar. As the share price has slid to a reasonable level, we upgrade our recommendation to Hold from Reduce with an unchanged target price of S$0.75. Potential near-term catalyst remains the Landmark acquisition.
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