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Kurnia Veteran	10-Jul-2024 09:38        Kurnia About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.businesstimes.com.sg/companies-markets/yoma-strategic-clarifies-no-charges-have-been-filed-against-executive-chairman Funny stuff here. all ran. s100125      ( Date: 10-Jul-2024 09:27) Posted: Shortist in full force today, trades with care.
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TheMatrix Elite	10-Jul-2024 09:37        TheMatrix About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who still in contra buy in at 0.17 haven't sold and blindly still waiting for due date miracle? Good luck
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s100125 Elite	10-Jul-2024 09:27        s100125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shortist in full force today, trades with care.
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LoudShout Master	10-Jul-2024 09:25        LoudShout About Contact  Quote this Post!
x 0   x 0  Alert Admin	Breached.  Good Call SgYuan      ( Date: 10-Jul-2024 09:13) Posted: yoma h wc extended w3 dn hit 188.6 134 w4 up 142 hit 139 if cannot breakdn then jialiat w5 dn 119
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Ryuuenji Elite	10-Jul-2024 09:23        Ryuuenji About Contact  Quote this Post!
x 0   x 0  Alert Admin	Free Flow Champagne. Congrats to those who short. Timing on news release at T4 due.
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Chansenghoe1971 Elite	10-Jul-2024 09:22        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Joined the shorts Don go against tide Buy q likely all shortists q Paltry depth Poised for 9 series anytime My views
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Kurnia Veteran	10-Jul-2024 09:21        Kurnia About Contact  Quote this Post!
x 0   x 0  Alert Admin	ultimate high low push  bernardc      ( Date: 10-Jul-2024 09:18) Posted: Civil war....happening.. Big tree falling... All scatter..how low can it go
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bernardc Elite	10-Jul-2024 09:18        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Civil war....happening.. Big tree falling... All scatter..how low can it go
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SgYuan Supreme	10-Jul-2024 09:13        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	yoma h wc extended w3 dn hit 188.6 134 w4 up 142 hit 139 if cannot breakdn then jialiat w5 dn 119
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Grubber Elite	10-Jul-2024 09:05        Grubber About Contact  Quote this Post!
x 0   x 0  Alert Admin	cautious, early pnd
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Kurnia Veteran	10-Jul-2024 08:53        Kurnia About Contact  Quote this Post!
x 0   x 0  Alert Admin	yoma directors is they have been staying in myanmar since the british left. Is that even a condition or restriction. LoudShout      ( Date: 10-Jul-2024 08:40) Posted: Co clarification did not dispute this:    Directors of Yoma Bank are temporarily barred from leaving the country,
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Johnsnow Elite	10-Jul-2024 08:46        Johnsnow About Contact  Quote this Post!
x 0   x 0  Alert Admin	This yoma very jialat , better avoid if not come down pant also gone LoudShout      ( Date: 10-Jul-2024 08:40) Posted: Co clarification did not dispute this:    Directors of Yoma Bank are temporarily barred from leaving the country,
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LoudShout Master	10-Jul-2024 08:40        LoudShout About Contact  Quote this Post!
x 0   x 0  Alert Admin	Co clarification did not dispute this:    Directors of Yoma Bank are temporarily barred from leaving the country,
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Chansenghoe1971 Elite	10-Jul-2024 08:38        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well. Distribution then retribution Chansenghoe1971      ( Date: 05-Jul-2024 16:53) Posted: Seems distribution going on. From 0.04 to 0.17, what a ride
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Johnsnow Elite	10-Jul-2024 08:31        Johnsnow About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO Kenna detained, gone case hope it drop back below 5 cents Entropy72      ( Date: 10-Jul-2024 08:26) Posted: By Targeting Banks, Myanmar?s Junta Delivers a Blow to Construction Firms By The Irrawaddy July 3, 2024 Reading Time: 2 mins read Myanmar?s property market will slump now that banks in the country have stopped offering new home mortgages following the military regime?s announcement that it will punish seven domestic banks it accuses of violating a Central Bank of Myanmar cap on home mortgages. Access to home loans will be curtailed, so the property market will slump, the owner of one construction company said. ?Builders will suffer if apartments do not sell. They are already suffering from the high cost of construction materials. The outlook is not very good,? he added. ?People will have difficulty accessing home loans,? another developer said, explaining: ?We sold an apartment recently. The buyer had made a 50 percent down payment and planned to apply for a home loan for the remaining 50 percent. But he could not get a home loan from banks, so he said he would not buy [the apartment] and we had to return the money.? Property prices soared in Myanmar after the 201 coup, with many buyers financing their purchases with long-term mortgages. On Sunday night, however, the junta announced that it would punish seven private banks for exceeding the central bank?s limit on how much they can lend to home buyers. The banks are accused of exceeding the limit, set at 5 percent of total lending, by as much as 16.34 percentage points. On the regime?s hit list are United Amara Bank owned by the sons of former minister Aung Thaung, AYA Bank owned by crony Zaw Zaw, Yoma Bank owned by tycoon Serge Pun, Construction, Housing and Infrastructure Development Bank, Myanmar Citizens Bank, SME Development Bank and Myanmar Metro Bank. The central bank caps the total amount that domestic banks can lend for housing loans of more than three years in duration at 5 percent of the bank?s total lending portfolio. The cap was introduced by the central bank in 2019 when it allowed domestic banks to offer home mortgages of more than three years in length. The announcement from the junta said the seven banks would be fined under Section 154 of the Financial Institutions Law. Directors of Yoma Bank are temporarily barred from leaving the country, The Irrawaddy has learned. The bank is accused of exceeding the lending cap by 11 percentage points. Under Section 154 of the Financial Institutions Law, violators can be punished by warnings, fines, and restrictions on or suspensions of their operations. The notice that banks will be punished for exceeding the lending cap will only affect new applications for home loans, not existing borrowers, business owners said. Most banks stopped offering home mortgages in June when the regime took action against some property developers for allegedly destabilizing the financial market by selling Thai condominiums in Myanmar. One developer said that Yoma and other banks suspended home loans at the time but only recently officially announced the move. Yoma Bank CEO Serge Pun, also known as Theim Wai, was investigated for allegedly financing the sale of Thai condominiums in Myanmar with long-term home loans. One economist said: ?Only those who have ties to banks and authorities received loans [to buy homes] and were able to construct buildings despite inflation and high prices [and] they will be the ones most affected. The effect on ordinary people will be limited.?
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Entropy72 Master	10-Jul-2024 08:26        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By Targeting Banks, Myanmar?s Junta Delivers a Blow to Construction Firms By The Irrawaddy July 3, 2024 Reading Time: 2 mins read Myanmar?s property market will slump now that banks in the country have stopped offering new home mortgages following the military regime?s announcement that it will punish seven domestic banks it accuses of violating a Central Bank of Myanmar cap on home mortgages. Access to home loans will be curtailed, so the property market will slump, the owner of one construction company said. ?Builders will suffer if apartments do not sell. They are already suffering from the high cost of construction materials. The outlook is not very good,? he added. ?People will have difficulty accessing home loans,? another developer said, explaining: ?We sold an apartment recently. The buyer had made a 50 percent down payment and planned to apply for a home loan for the remaining 50 percent. But he could not get a home loan from banks, so he said he would not buy [the apartment] and we had to return the money.? Property prices soared in Myanmar after the 201 coup, with many buyers financing their purchases with long-term mortgages. On Sunday night, however, the junta announced that it would punish seven private banks for exceeding the central bank?s limit on how much they can lend to home buyers. The banks are accused of exceeding the limit, set at 5 percent of total lending, by as much as 16.34 percentage points. On the regime?s hit list are United Amara Bank owned by the sons of former minister Aung Thaung, AYA Bank owned by crony Zaw Zaw, Yoma Bank owned by tycoon Serge Pun, Construction, Housing and Infrastructure Development Bank, Myanmar Citizens Bank, SME Development Bank and Myanmar Metro Bank. The central bank caps the total amount that domestic banks can lend for housing loans of more than three years in duration at 5 percent of the bank?s total lending portfolio. The cap was introduced by the central bank in 2019 when it allowed domestic banks to offer home mortgages of more than three years in length. The announcement from the junta said the seven banks would be fined under Section 154 of the Financial Institutions Law. Directors of Yoma Bank are temporarily barred from leaving the country, The Irrawaddy has learned. The bank is accused of exceeding the lending cap by 11 percentage points. Under Section 154 of the Financial Institutions Law, violators can be punished by warnings, fines, and restrictions on or suspensions of their operations. The notice that banks will be punished for exceeding the lending cap will only affect new applications for home loans, not existing borrowers, business owners said. Most banks stopped offering home mortgages in June when the regime took action against some property developers for allegedly destabilizing the financial market by selling Thai condominiums in Myanmar. One developer said that Yoma and other banks suspended home loans at the time but only recently officially announced the move. Yoma Bank CEO Serge Pun, also known as Theim Wai, was investigated for allegedly financing the sale of Thai condominiums in Myanmar with long-term home loans. One economist said: ?Only those who have ties to banks and authorities received loans [to buy homes] and were able to construct buildings despite inflation and high prices [and] they will be the ones most affected. The effect on ordinary people will be limited.?
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Entropy72 Master	10-Jul-2024 08:08        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yoma Bank is under FMI and not Yoma Strategic. Nevertheless, Serge Pun is still the Chairman (and key leader) for both FMI and Yoma Strategic. Yoma Land is under Yoma Strategic. Article mentions Yoma Land executives are also summoned for investigations. Serge and Melvyn Pun are both solid leaders. But tough for them to operate in Junta controlled economy ? spursfan      ( Date: 10-Jul-2024 08:03) Posted: CLARIFICATION ON ARTICLE PUBLISHED ON MYANMAR-NOW Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) refers to the article released by Myanmar-Now on 9 July 2024 titled "Serge Pun, one of Myanmar's top tycoons, detained in Naypyitaw". The Company wishes to clarify that while Mr. Serge Pun, the Executive Chairman of the Company, is in Nay Pyi Taw and has been meeting and cooperating with the relevant authorities, including the Central Bank of Myanmar, on matters relating to banking business, there are no charges filed against him as suggested in the article. As a responsible business organisation in Myanmar, the Group engages with the relevant government ministries and regulators from time to time to conduct its activities. Furthermore, the Company wishes to clarify that its businesses and operations are not affected by Kasikornbank?s alleged ?tentative? actions to terminate banking services as these actions reference the Myanmar banking sector in which the Group is not involved. The Company will provide further updates and clarifications as necessary. BY ORDER OF THE BOARD Melvyn Pun Chief Executive Officer 10 July 2024 https://links.sgx.com/1.0.0/corporate-announcements/2M0OPD54QOSU764S/809233_YomaClarificationOnNewsArticle.pdf
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spursfan Supreme	10-Jul-2024 08:03        spursfan About Contact  Quote this Post!
x 0   x 0  Alert Admin	CLARIFICATION ON ARTICLE PUBLISHED ON MYANMAR-NOW Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) refers to the article released by Myanmar-Now on 9 July 2024 titled "Serge Pun, one of Myanmar's top tycoons, detained in Naypyitaw". The Company wishes to clarify that while Mr. Serge Pun, the Executive Chairman of the Company, is in Nay Pyi Taw and has been meeting and cooperating with the relevant authorities, including the Central Bank of Myanmar, on matters relating to banking business, there are no charges filed against him as suggested in the article. As a responsible business organisation in Myanmar, the Group engages with the relevant government ministries and regulators from time to time to conduct its activities. Furthermore, the Company wishes to clarify that its businesses and operations are not affected by Kasikornbank?s alleged ?tentative? actions to terminate banking services as these actions reference the Myanmar banking sector in which the Group is not involved. The Company will provide further updates and clarifications as necessary. BY ORDER OF THE BOARD Melvyn Pun Chief Executive Officer 10 July 2024 https://links.sgx.com/1.0.0/corporate-announcements/2M0OPD54QOSU764S/809233_YomaClarificationOnNewsArticle.pdf
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Entropy72 Master	10-Jul-2024 05:53        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is material news. Surprised the company kept mum. Source: Myanmar Now Serge Pun, one of Myanmar?s top tycoons, detained in Naypyitaw The businessman has been held for more than a month as his Yoma Bank is accused of exceeding lending limits Myanmar NowJuly 9, 2024 One of Myanmar?s leading businessmen, Serge Pun, has been held in junta custody for more than a month over alleged violations of banking regulations, according to official sources. Pun, who is also known as Theim Wai, was summoned to Naypyitaw in early June and has since been detained there along with eight senior employees of his Yoma Bank and Yoma Land property development company, the sources told Myanmar Now. A source who spoke on condition of anonymity confirmed that the 71-year-old tycoon is being held under ?house arrest? as he faces unspecified charges. On July 1, the junta-controlled Central Bank of Myanmar announced that it was taking action against seven banks, including Yoma Bank, under Section 154 of the Financial Institutions Law for exceeding a cap on how much they could offer in housing loans. That limit, set at 5 percent of their total lending portfolios. . . ysh2006      ( Date: 10-Jul-2024 05:31) Posted: Heard their CEO kena the army boss detained for something related to taxes ?
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ysh2006 Supreme	10-Jul-2024 05:31        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heard their CEO kena the army boss detained for something related to taxes ?
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