Latest Forum Topics /
Yoma Strategic
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YOMA
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Immortal
Master |
25-Feb-2014 17:09
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Quite clear now....only way for Yoma to go up is when the land deal is concluded else it will just hobble along. Wonder when will that be? |
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buystc62
Member |
25-Feb-2014 17:09
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Any one know why pulled back to 0.705?  | |||||
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blurtrader
Master |
21-Feb-2014 11:36
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too late, at 72.5 alrdy... thats fast | |||||
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pcscorpio
Member |
21-Feb-2014 11:33
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CAn take a look at YOMA | |||||
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Atom99
Master |
21-Feb-2014 06:26
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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UPDATE ON THE LANDMARK DEVELOPMENT
Reference is made to the announcements by Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) on 19 November 2012, 18 December 2012, 8 February 2013, 15 March 2013, 18 April 2013, 16 June 2013, 1 October 2013 and 31 December 2013 (collectively, the ?Announcements?) and the Company?s circulars dated 8 February 2013 and 15 July 2013 (collectively, the ?Circular?) in relation to the Company?s proposed acquisition of eighty per cent. (80%) interests in respect of the Landmark Development and the Proposed Rights Issue. Unless otherwise defined, all terms used herein shall be as defined in the Announcements and the Circulars. The Board of Directors (the ?Board?) of Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) wishes to provide an update relating to the Landmark Development. 1.1 The Company had on 1 October 2013 announced that it has entered into an MOU in discussion with Mitsubishi Corporation and Mitsubishi Estate (together, the ?Mitsubishi Companies?) to invest in the Landmark Development (excluding The Peninsula Yangon) and that the Mitsubishi Companies will be involved in the planning, design and construction of the project. The Company had also on 28 January 2014 announced that it has entered into a conditional agreement with, inter alia, The Hongkong And Shanghai Hotels, Limited (?HSH?) in relation to the redevelopment of the former headquarters of the Burma Railway Company into ?The Peninsula Yangon? at the Landmark Development. 1.2 The Company is pleased to inform that the schematic design has been finalized and believes that the input from the Mitsubishi Companies and HSH with the international expertise and experience accumulated from their outstanding track records has been invaluable in the overall planning and design of the Landmark Development and will enhance the value of the Landmark Development. Based on the latest design, and a report from the quantity surveyor, RHLB (Myanmar) Ltd., the total development costs for the Landmark Development (excluding The Peninsula Yangon) is estimated to range from US$415 million to US$440 million. This estimated amount does not include the value of 100% of the land development rights for the Landmark Development which remains at US$101.6 million. 1.3 The Company had also announced on 28 January 2014 that its 24% investment in The Peninsula Yangon, is about US$30 million (equivalent to about S$38 million), taking into account the value of the leasehold interest pertaining to the proposed hotel development and current development cost estimates which are made on a number of assumptions. 1.4 To ensure the continuous development of the Landmark Development, the Company has been and will continue to be involved in discussions with the Mitsubishi Companies, HSH, the International Finance Corporation, and the Asian Development Bank. 1.5 The Company has been informed by Serge Pun & Associates (Myanmar) Limited, the vendor, that it remains confident that the master lease will be issued and that completion of the Proposed Acquisition will take place before the long-stop date of 30 June 2014. 1.6 The Company will continue to provide updates to shareholders on the Landmark Development as and when it considers appropriate. BY THE ORDER OF THE BOARD Andrew Rickards Chief Executive Officer 20 February 2014
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NobleRose
Senior |
13-Feb-2014 14:19
Yells: "Sick already must see doctor and remember to take medicine " |
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??? Admin remove my post?
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Immortal
Master |
13-Feb-2014 14:14
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If break 0.7, guess may indeed go for next low. | |||||
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Immortal
Master |
11-Feb-2014 16:13
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What happen to Yoma? Anyone believes can move up from here or not? |
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Atom99
Master |
28-Jan-2014 21:02
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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At last the Landmark Development is moving forward!
INTERESTED PERSON TRANSACTION ? PROPOSED HOTEL DEVELOPMENT IN RESPECT OF THE LANDMARK DEVELOPMENT Reference is made to the announcements made by Yoma Strategic Holdings Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) on 19 November 2012, 18 December 2012, 8 February 2013, 15 March 2013, 18 April 2013, 16 June 2013, 1 October 2013 and 20 December 2013 (collectively, the ?Announcements?) and the Company?s circulars dated 8 February 2013 and 15 July 2013 (collectively, the ?Circulars?) in relation to the Company?s proposed acquisition of eighty per cent. (80%) interests in respect of the Landmark Development and the Proposed Rights Issue. Unless otherwise defined, all terms used herein shall be as defined in the Announcements and the Circulars. PROPOSED JOINT VENTURE 1. Further to the announcement on 18 April 2013, the Board of Directors (the ?Board?) is pleased to announce that the Company has entered into a definitive shareholders? agreement (the ?Shareholders? Agreement?) on 28 January 2014 with, amongst others, The Hongkong and Shanghai Hotels, Limited (?HSH?), Peninsula International Investment Holdings Limited (?PIIHL?), a wholly-owned subsidiary of HSH, and First Myanmar Investment Co., Ltd. (?FMI?) in relation to the redevelopment of the former headquarters of the Burma Railway Company into ?The Peninsula Yangon? (the ?Proposed Hotel Development?). 2. The Shareholders? Agreement is subject to a number of conditions precedent (the ?Conditions?) including but not limited to, the issue of a master lease on the Landmark Development, the completion of the Company?s acquisition of 80% interest in Meeyahtha International Hotel Limited, the execution of an unencumbered sublease agreement for the Proposed Hotel Development site and the execution of other transaction documents and certain prescribed agreements such as a cost agreement and the suite of residences agreements in relation to the proposed Peninsula-branded residences in the Landmark Development. 3. Upon the satisfaction of certain specified Conditions, parties will subscribe for shares in Peninsula Yangon Pte. Limited (?PYL?) such that HSH through PIIHL will hold 70%, YSH through YSIL will hold 24% and FMI will hold 6% in PYL. All the Conditions must be fulfilled by 31 March 2015 or such other date the parties may agree otherwise before funding for the Proposed Hotel Development would proceed. 4. Subject to the terms of the Shareholders? Agreement and other transaction documents, costs for the Proposed Hotel Development will be funded by the shareholders of PYL in the proportion of their respective shareholdings. YSH?s overall investment is about US$30 million (equivalent to about S$38 million), taking into account the value of the leasehold interest pertaining to the Proposed Hotel Development and current development cost estimates which are made on a number of assumptions. SALIENT TERMS OF THE SHAREHOLDERS? AGREEMENT 5. It was agreed that for as long as FMI is a shareholder of PYL, it shall defer all shareholder and management decisions of FMI in the running of PYL and any of its subsidiaries to YSIL. The rights conferred upon YSIL and FMI shall be exercised on a joint basis and all obligations shall be assumed by both YSIL and FMI on a several basis. 6. Both YSIL and FMI have undertaken to manage the cost of executing and completing certain itemized works in relation to the Proposed Hotel Development. They have also guaranteed that the cost of executing and completing such works shall not exceed an agreed sum. The details of such an arrangement will be set out in a cost agreement to be agreed between the parties. 7. Both YSH and FMI have also undertaken that, prior to completion of the development of the Landmark Development, they shall not sell or transfer their interest in the Landmark Development excluding the Proposed Hotel Development and the Peninsula-branded residences (the ?Balance of the Landmark Development?) which would result in them not owning a majority interest in and/or losing voting and management control over the Balance of the Landmark Development. 8. It was agreed that no shareholder of PYL may sell, transfer, create options or encumbrance over or otherwise dispose of the legal or beneficial ownership of, or any interest in, any shares in PYL for a period of 5 years from the soft opening date of the Hotel, unless otherwise agreed in writing by all the other shareholders prior to any such disposition. 9. Both YSIL and FMI shall be deemed to have served a notice to sell their shares at the market value determined by an independent valuer where there is a change in control including but not limited to circumstances whereby the Pun family (comprising Serge Pun and/or any of his immediate family) ceases to hold at least 25% of YSH or FMI or the Pun family ceases to have the largest holding of beneficial interest in the issued share capital of YSH or FMI or the Pun family not having voting control on the board of YSH or FMI which would result in the Landmark Development, the Peninsula Yangon hotel project being adversely impacted. INFORMATION ON HSH INTERESTED PERSON TRANSACTION 11. Mr. Serge Pun is the Executive Chairman and a Controlling Shareholder of the Company, holding approximately 41.67% direct and deemed interests in the Company as at the date of this Announcement. 12. Mr. Serge Pun is also the Chairman of FMI and the controlling shareholder of FMI as at the date of this Announcement. FMI is considered an associate of Mr. Serge Pun and accordingly, an interested person of the Company for the purposes of Chapter 9 of the Listing Manual. The Shareholders? Agreement is therefore an interested person transaction under Chapter 9 of the Listing Manual. 13. Based on the latest audited consolidated financial statements of the Group as at 31 March 2013, the net tangible assets less non-controlling interest (the ?NTA?) of the Group is S$357.5 million. The Company?s proposed overall investment in the Proposed Hotel Development (based on current development estimates which are made on certain assumptions) represents 10.5% of the NTA of the Group and as such, pursuant to Rule 905 of the Listing Manual, the Company is required to make an immediate announcement on the Shareholders? Agreement. STATEMENT BY THE AUDIT AND RISK MANAGEMENT COMMITTEE 14. The Audit and Risk Management Committee of the Company is of the view that the Shareholders? Agreement is on normal commercial terms and is not prejudicial to the interests of the Company and its minority shareholders. VALUE OF INTERESTED PERSON TRANSACTIONS 15. The aggregate value of all interested person transactions for the 6-month period ended 31 December 2013 with Mr. Serge Pun and his associates is S$22.99 million and the aggregate value of all the interested person transactions for the financial year ended 31 March 2013 is S$113.8 million. YOMA Strategic Holdings Ltd Company Registration No. 196200185E 78 Shenton Way #32-00 Singapore 079120 Tel: (65) 6223 2262 Fax: (65) 6220 1990 Website: www.yomastrategic.com 10. HSH is listed on The Stock Exchange of Hong Kong. It is the holding company of a group which is engaged in the ownership, development and management of prestigious hotel, commercial and residential properties in key locations in Asia, the United States and Europe. The Board believes that the Proposed Hotel Development will further enhance the value of the Landmark Development. The Board wishes to inform shareholders that the Company is in the process of determining the development cost for the Balance of the Landmark Development and it will make an announcement as and when it is appropriate. ON BEHALF OF THE BOARD Andrew Rickards Chief Executive Officer 28 January 2014 |
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Atom99
Master |
28-Jan-2014 14:57
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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UPDATE ON AUTOMOTIVE BUSINESS AND ESTABLISHMENT OF NEW SUBSIDIARIES
The Board of Directors of Yoma Strategic Holdings Ltd. (the ?Company?, together with its subsidiaries, the ?Group?) wishes to update shareholders that it has, through its 70% owned subsidiary, Myanmar Motors Pte. Ltd. (?Myanmar Motors?), entered into the vehicle operating lease and rental business in Myanmar (the ?Operating Lease Business?). The remaining 30% of Myanmar Motors is held by First Myanmar Investment Co., Ltd. For the purpose of this Operating Lease Business, Myanmar Motors has established a subsidiary in which it holds 100% rights and interests. Details are as follows:- Name of company: Yoma Fleet Limited Place of incorporation: Myanmar Issued and paid-up share capital: 50,000,000 Kyats comprising 50,000 ordinary shares Principal activities: Operating vehicle leasing and rental business The Operating Lease Business will serve corporations in providing commercial vehicles for their business use. Given that there are currently limited providers of vehicle operating lease and rental services in the Myanmar market, the Group can be one of the first entrants into this market with a view to building up a market leadership position. Further, the Operating Lease Business also provides synergies with the Group?s automotive business. The Group?s 70% pro rata investment in the Operating Lease Business will be funded using internal sources. This investment is not expected to have any material financial impact on the consolidated net tangible assets and the earnings per share of the Company for the current financial year ending 31 March 2014. ON BEHALF OF THE BOARD Andrew Rickards Chief Executive Officer 28 January 2014 |
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Atom99
Master |
27-Jan-2014 08:30
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Yoma Strategic Marks Entry into Myanmar's FMCG Sector by Acquiring a Stake in the ABC Group.
Another investment in food and beverage sector. Hold for long term. For more info. Go to SGX. |
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hello123
Senior |
23-Jan-2014 08:57
Yells: " google ' sgx swinger ' - for how stock operators work " |
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watch yoma , now 77.5 , may move...  for more details ,   google " sgx swinger" |
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bishan22
Supreme |
21-Jan-2014 12:05
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lol, cannot even pass 0.80. 
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gaoshou
Member |
21-Jan-2014 11:43
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Lol, $0.97.....
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guoyanyunyan
Supreme |
21-Jan-2014 08:35
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A transitional year ahead ? Upgrade to BUY We turn positive on Yoma and upgrade the stock to BUY with a higher fair value estimate of S$0.97 (versus S$0.84 previously). Our investment thesis rests on two key parts. First, our base case is for the Landmark acquisition to complete in 1H14. The accretion from this project makes up 41% of Yoma?s fair value estimate and we anticipate a successful acquisition to be a key price catalyst. Second, note that Yoma?s share price in 2013 has stagnated mostly between S$0.70 and S$0.90 despite management penning potential deals across diverse businesses. We believe the market is generally discounting these deals? eventual earnings impact given their ubiquity across various companies on the SGX and a dearth of fruitful outcomes to date. In 2014, however, we expect Yoma to transition from a mostly deal-making phase into one where management would deliver, from its incubated plans, large-scale operational traction and fuller earnings visibility. We see this likely leading to a meaningful re-rating for the share price. ...last: $0.755... http://www.ocbcresearch.com/Article.aspx?type=research& id=20140120111016_31925    |
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Octavia
Supreme |
20-Jan-2014 09:33
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OCBC upgrades to Buy with $0.97 TP | |||||
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Atom99
Master |
16-Jan-2014 19:18
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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YOMA 3Q14 result
Yoma Strategic Continues Growth Momentum - 3Q2014 Net Profit hits S$5.2M Net profit attributable to equity holders reaches S$5.2 million underpinned by a 132.5% year- on-year increase in revenue Real estate continues to be its strongest revenue growth driver recording a 124% year-on-year jump in revenue The Group's first investment in the luxury travel and tourism business, ?Balloons Over Bagan?, made its maiden contribution in 3Q2014 |
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Atom99
Master |
14-Jan-2014 10:11
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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YOMA is conducting a Shareholder Trip to Yangon, Myanmar. 3D2N.
Register by 7 Feb. Date for the trip 21Mar - 23 Mar. For more info go to SGX website. |
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guoyanyunyan
Supreme |
06-Jan-2014 15:17
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novicealexccw
Member |
03-Jan-2014 15:41
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Kena block again at 0.78... Great Wall at 0.79   |
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