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Yoma Strategic
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YOMA
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Entropy72
Master |
14-Apr-2021 13:17
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Ok, good that you are vested with eyes wide open and well informed of the risks.
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112233
Master |
14-Apr-2021 13:15
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of course results will not be good. no need to wait till then to know. :)
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Entropy72
Master |
14-Apr-2021 13:13
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If "new" is what you want, wait for Yoma results in a few weeks.
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axlaxlaxl
Member |
14-Apr-2021 13:07
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Burma is turning into another syria .... of cos those who are vested and hoping for a miracle will say this is BS from mainstream media and blah blah... Myanmar coup latest: World mustn' t repeat ' deadly mistakes' of Syria, UN official says - Nikkei Asia |
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112233
Master |
14-Apr-2021 13:05
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same " old" story as in mainstream media. anything new ? :) | ||||
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Entropy72
Master |
14-Apr-2021 12:46
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The hopeless situation in Myanmar is clear as daylight now - there is no quick turnaround after the escalation over past month. If anyone still thinks it is a good contrarian idea to invest in Myanmmar and Yoma at this point, it is down to recklessness and not conducting due diligence. For those who genuine investors who were stuck, get out before it gets worst (half yearly results coming and there is no place to hide thereafter).
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mav1ryan
Veteran |
14-Apr-2021 08:19
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Please know that Myanmar is not going to get out of this situation even within this year for sure... please don' t think too much into it.
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Entropy72
Master |
14-Apr-2021 07:56
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While some here shout "Cheong to 20 cents" and "Dare you to short", the institutions are relieved to unload their holdings during the short term rebounds.
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Entropy72
Master |
14-Apr-2021 07:51
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First time I saw Yoma in the top 10 net institutional sell. This was for trades last week.
https://api2.sgx.com/sites/default/files/2021-04/SGX%20Fund%20Flow%20Weekly%20Tracker%20%28Week%20of%205%20Apr%202021%29.xlsx |
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Entropy72
Master |
13-Apr-2021 23:56
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Raw material costs go up while customer spending power goes down. ----- Myanmar's brewing currency crisis causes consumer prices to soar Nikkei staff writers April 12, 2021 16:28 JST BANGKOK ? Myanmar?s currency has been depreciating since the Feb. 1 coup, considerably increasing the prices of imported goods. The value of the kyat against the U.S. dollar dropped 14% in the two months following the coup. While the price of gasoline jumped more than 20%, imported foodstuffs are also becoming expensive, leading to more strains on consumers. Myanmar chronically suffers trade deficits because of its fragile industrial sector. Less foreign capital inflow through investment and economic assistance since the coup could snowball into further depreciation of the currency and continuing price hikes. A money exchange in Yangon posted a rate of 1,600 kyat to the dollar for buyers of the U.S. currency on Friday. Under Myanmar?s managed floating rate system, which keeps the kyat?s rate within a set range, the reference rate set by the country?s central bank was 1,330 kyat to the dollar on Feb. 1. Before the coup, there was little difference between exchange rates on the street and the official reference rate. But while the reference rate dropped 11% since the coup, the market rate fell 14%. Myanmar relies on imports for many items, including processed food, daily use products and gasoline. Hence, notable depreciations in the kyat lead to consumer price rises. For example, gasoline went for 930 kyat per liter last Saturday, up 20% from 775 kyat on Feb. 2. Propane gas used by restaurants is currently priced at 21,000 kyat per 15 kg, up 23% from 17,000 kyat in January, according to a restaurant operator in Yangon. The higher costs of account settlements, product distribution and other transactions as a result of anti-coup movements by citizens such as walkouts in key industries may be contributing to price rises, said a local running a propane gas business. Prices at supermarkets have yet to show major changes. But an official in the distribution industry said that while products currently available were stocked under contracts concluded at previous foreign exchange rates, products under new contracts will likely be priced 10% higher to reflect the new exchange rates. In any event, retail prices will surely move higher, the official said. Certain food products and seasonings are already seeing significant price effects. According to Linklusion, a delivery service for small shops in the Yangon area, prices for edible oils climbed as much as 31% in early April from late January while cigarettes soared 27% and soybean milk 15%. The recent higher prices reflect more expensive imports and materials caused by the kyat?s deprecation and supply shortages due to businesses slowing or halting operations, according to Linklusion President Hidenori Kuroyanagi. Steven Anderson, representative of the Myanmar office of the World Food Program, the food assistance branch of the United Nations, warned in mid-March that poor households in the country would be unable to have enough food if prices continued to rise. A 35-year-old day laborer living in the Dala district near central Yangon said he has been out of a job since the coup and has had to borrow money from relatives. Another resident, a 40-year-old woman, said she has lived on nothing but donated rice cooked with oil and salt. Still, prices for staples have remained largely unchanged. According to a rice store in Yangon, 1.6 kg of rice is going for 2,200 kyat ($1.48), as many confirm that rice prices are pretty much the same since the coup. This could be because that although Myanmar is a rice exporter, supplies are increasing as the political turmoil dampens exports. Myanmar?s trade deficit continues as its industrial sector has never really nurtured exporters. Although the country has made up for this with foreign investment and development assistance, it cannot expect as much access to foreign funds now. Plunging exports and shrinking foreign investment will further increase downward pressure on the kyat, the World Bank said. At a meeting of Myanmar?s State Governing Council at the end of March, junta head Senior General Min Aung Hlaing said Myanmar will be able to reduce dependency on foreign currency if it can produce its own food and consumer goods, indicating a sense of urgency about the shortage of foreign currency. But in a further hit to the economy, Giesecke+Devrient Currency Technology decided in March to halt supplies of materials, consumables and printing systems to Myanmar?s state-run company that prints kyat banknotes. Myanmar began to print its currency in 1972 under the German company?s technical assistance, according to an article by the Myanmar Times, which itself halted operations in February. The supply of banknotes may dwindle unless the country receives support from Russia or China. Myanmar has resorted to demonetization three times, such as in 1964 when it was a socialist nation. A further drop in public trust in the kyat may cause a more serious economic mess. ?There are chances of the Myanmar economy becoming dollarized or yuanized,? said Toru Nishihama, chief economist at Dai-ichi Life Research Institute. |
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SinglePore
Member |
13-Apr-2021 19:54
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ST says the GDP of Myanmar could drop 20%. Like that, any good company will also collapse. If Yoma could not even be profitable during a good time, how could it perform during the catastrophic time? Will it be survived if the junta will hang into power for several decades like they did before?
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laksaman57
Supreme |
13-Apr-2021 19:18
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https://www.channelnewsasia.com/news/asia/myanmar-protests-us-fears-syria-style-full-blown-conflict-14613834
"GENEVA: The UN rights chief warned Tuesday (Apr 13) of possible crimes against humanity in Myanmar and said it seemed to be heading towards a massive conflict like the one ravaging Syria." |
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Entropy72
Master |
12-Apr-2021 23:43
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"Stock still not performing"? Seems you treat this mainly as a punt in a casino, without regards to the company investment case and macro realities. Then the outcome will be like a punt in a casino.
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Entropy72
Master |
12-Apr-2021 23:31
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Monday, April 12
2:30 p.m. One lawyer of the defense team for ousted democratic leader Aung San Suu Kyi is allowed to participate today in her trial, conducted virtually. The court in Naypyitaw accepts six lawyers as representing Suu Kyi for the charges alleged by the junta against her. Suu Kyi and Myanmar?s deposed president, Win Myint, ask authorities to arrange a meeting with the lawyers in person so they can consult on legal strategy. 2:00 p.m. The value of the country?s currency the kyat against the U.S. dollar has dropped 14% in the two months since the coup. As a result, the local price of gasoline has jumped more than 20% and imported foods have also becoming expensive, as consumers face inflationary pressure. |
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wavesurfer
Member |
12-Apr-2021 23:13
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I thought things would cool down soon but this stock still not performing. | ||||
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SgYuan
Supreme |
12-Apr-2021 22:31
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day ichimoku conversion 146
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SgYuan
Supreme |
12-Apr-2021 21:35
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px hit low 135
push up 156 hit low 137 if 137 hold can consider but best is wait forn px to go above conversion 146 |
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Entropy72
Master |
12-Apr-2021 18:26
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The Irrawaddy: Resistance Forces Kill At Least 18 Myanmar Soldiers in Sagaing Border Town
11 Apr ---- At least 18 members of Myanmar?s security forces were killed by activists on Saturday afternoon after a civilian was shot in Tamu, Sagaing Region, on the Indian border. A young man, who was not protesting, was shot dead when he and two friends were riding a motorbike, according to a Tamu resident. Another man was shot dead during the crackdown on Saturday afternoon. Residents said firing lasted from Saturday noon until Sunday morning. ?One was shot in the head and the other was hit in the back,? the resident said. ?Police and soldiers used grenade launchers, machine guns and explosives against us. We also heard 19 soldiers were killed when grenades were thrown into a military truck,? according to a Tamu protester. Another resident said they heard the soldiers were killed by the town?s civil defense forces. The Kuki National Organization (KNO) armed group issued a statement on Saturday night, saying 18 soldiers were killed in action by residents, protesters and KNO troops. On April 4 at least four soldiers were killed by Tamu residents while troops were firing on protesters? barricades. Anti-regime protesters are continuing to take to the streets, despite fatal crackdowns and the regime?s forces using explosives to destroy protesters? roadblocks. Residents are fleeing Tamu to avoid the mounting violence with some families crossing the Indian border, although the numbers are limited by the border fencing and tightened Indian security. The residents said another two people were rumored to have been shot on Sunday. Protesters are stepping up measures to challenge the security forces. On Friday, police and soldiers opened fire on protesters behind roadblocks and sandbag barricades in Bago, killing at least 82 civilians, according to the Assistance Association for Political Prisoners. The exact death toll is unknown. By Saturday, the association said at least 701 civilians had been killed by the junta?s forces since the Feb. 1 coup. |
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Atom99
Master |
12-Apr-2021 15:04
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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When YOMA was operating in Myanmar under previous millitary goverment it stock price was in pennies for a long time. Yoma stock price started to pick up only after the millitary government announced that they are going to hand over the power to an elected civilian government.( Aung San Suu Kyi NLD wins the by-election in 2012).Yoma quickly developed its business in my area during the civilian government and YOMA future looks very bright. Unfortunately,with this sudden turn of event in Feb 2021, the military coup is going to seriously impact YOMA business and other SGX listed companies operating in Myanmar.imo | ||||
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ozone2002
Supreme |
12-Apr-2021 14:40
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危 机 crisis is opportunity just how u look at it amd whether u are willing to stand the risk gd luck dyodd |
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