Latest Forum Topics /
Yoma Strategic
Last:0.081
-0.001
|
 Post Reply
|
|
YOMA
|
|||||
|
Johnsnow
Elite |
10-Jul-2024 19:23
|
||||
|
x 0
x 0 Alert Admin |
Tomorrow drop 40.points will go back 7 series or 6 series
|
||||
| Useful To Me Not Useful To Me | |||||
|
uiop1223
Supreme |
10-Jul-2024 19:18
|
||||
|
x 0
x 0 Alert Admin |
Seized all YOMA assets 👍 👍 👍 | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Entropy72
Master |
10-Jul-2024 19:09
|
||||
|
x 0
x 0 Alert Admin |
Myanmar Junta Detains S?pore-Listed Yoma Strategic Holdings? Chairman Serge Pun
By Hein Htoo Zan July 10, 2024 Reading Time: 3 mins read The Myanmar military regime has detained Serge Pun, one of its most prominent crony tycoons, since last month along with some senior executives of his Yoma Bank and Yoma Strategic Holdings Ltd., according to multiple sources close to his businesses and family. Sources said he remains under house arrest in Naypyitaw and that he and the other company officials continue to be interrogated. They are accused of violating financial regulations by providing mortgages through his bank to Myanmar nationals buying condos in Thailand, and by offering total housing loans worth more than is allowed by the Central Bank of Myanmar (CBM). It is the second time the 71-year-old has been questioned by the regime. In early June he was interrogated for providing mortgages to buy condos in Thailand. He was released after a few days but ?he was in bad shape,? according to a source close to the family. Serge Pun, also known as U Theim Wai, chairs the conglomerate Yoma Group, which has interests in a wide range of sectors?financial, hotels and tourism, real estate, trade, and food and beverage?through its two main units: Singapore-listed Yoma Strategic Holdings Co. Ltd. and Yangon-listed First Myanmar Investment Co. Ltd. (FMI). Yoma Strategic Holdings is also the franchise holder for KFC in Myanmar. He faced a public backlash in July 2023 after a video clip was leaked in which he says he felt reassured that Myanmar?s ongoing anti-regime armed resistance groups were not fighting in Naypyitaw, and that he believed they have no plan to do so. His comments were widely seen as reflecting the views of owners of conglomerates who cooperate with the junta they have faced widespread contempt because it is believed they want to see the regime keep control of urban areas and Naypyitaw, the capital, where their business interests are focused. It was not the first time he had faced public ire. Serge Pun drew scorn in November 2022 when the junta bestowed upon him the title Thiri Pyanchi for ?outstanding contributions to the Union of Myanmar?. On Wednesday, Yoma Strategic Holdings said Serge Pun was cooperating with authorities in Naypyitaw on bank business matters. ?There are no charges filed against him,? said Melvyn Pun, Yoma CEO and one of Serge Pun?s sons. A foreign businessman close to Serge Pun?s family told The Irrawaddy that the Yoma executive chairman was in custody and still being interrogated. ?We heard the he also suffered [a problem due to] his heart disease and had to be treated at a hospital in Naypyitaw,? he said last week. ?Now I?m told Serge is still held but it was Melvyn Pun who left the country for Singapore on Friday,? he said Tuesday. A source close to some directors at First Myanmar Investment (FMI), a Yangon Stock Exchange-listed public company limited chaired by Serge Pun, also confirmed on Tuesday that the tycoon and some of his executives remain in detention in Naypyitaw and are still being interrogated. Serge Pun?s detention was further confirmed by a local businessman who is an executive member of an affiliated association under the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). ?We heard that the regime has targeted him for providing housing loans to buy condos in Thailand through his Yoma Bank. And the interrogation is mainly about that,? he said. Yoma Strategic Holdings released a press statement in early June denying involvement in providing mortgages to Myanmar nationals to buy condos in Thailand. In addition to that allegation, Yoma Bank is among seven private banks that faced administrative action early this month for exceeding the CBM?s limit on the total value of housing loans they can provide. Shares in Yoma Strategic Holdings fell nearly 17 percent in Singapore on Wednesday after the company issued a statement saying its executive chairman was ?cooperating with the junta in Naypyitaw?, Reuters reported. |
||||
| Useful To Me Not Useful To Me | |||||
|
petson
Master |
10-Jul-2024 19:09
|
||||
|
x 0
x 0 Alert Admin |
wow ..tomorrow dare not see
|
||||
| Useful To Me Not Useful To Me | |||||
|
desmondxyz
Veteran |
10-Jul-2024 18:52
|
||||
|
x 0
x 0 Alert Admin |
Yoma chairman was detained by myanmar junta.....GG liao | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Stocky901
Supreme |
10-Jul-2024 18:26
|
||||
|
x 0
x 1 Alert Admin |
Dropped 41 pips, closed just 1 pip off the day's low.. very bearish.. 😢
|
||||
| Useful To Me Not Useful To Me | |||||
|
Johnsnow
Elite |
10-Jul-2024 17:57
|
||||
|
x 0
x 0 Alert Admin |
Tomorrow another round of slaughtering
|
||||
| Useful To Me Not Useful To Me | |||||
|
Eagle88
Supreme |
10-Jul-2024 17:40
|
||||
|
x 0
x 0 Alert Admin |
SGX should just ban short selling. Never learn from Korea and China etc. to stop short selling or NYSE using circuit breaker. History will repeat itself. It is easier to short to make money than buying up. It is just common sense. It takes ages for SP to move up, but just need less than an hour or even less than that to bring SP down to the lowest point !!! | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
huattuatua
Elite |
10-Jul-2024 17:31
|
||||
|
x 0
x 0 Alert Admin |
u vested meh? sorry din follow the previous postings all the best to u bro easywin
|
||||
| Useful To Me Not Useful To Me | |||||
|
Chansenghoe1971
Elite |
10-Jul-2024 17:30
|
||||
|
x 0
x 0 Alert Admin |
Tmr needs to be 8/9.
Wait for sg yuan to show chart as guide Likely 6 as base Sg yuan wru? |
||||
| Useful To Me Not Useful To Me | |||||
|
easywin
Supreme |
10-Jul-2024 17:25
|
||||
|
x 0
x 0 Alert Admin |
I can only help to pray tomorrow BBs push all the way up again. haha
|
||||
| Useful To Me Not Useful To Me | |||||
|
Kurnia
Veteran |
10-Jul-2024 17:21
|
||||
|
x 0
x 0 Alert Admin |
u nvr help...so it is not possible
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
hschsc
Master |
10-Jul-2024 17:21
Yells: "Invest in financially healthy companies" |
||||
|
x 0
x 0 Alert Admin |
If a company for more than 3 years not given any dividends. Should avoid to invest it. This their business facing problems. | ||||
| Useful To Me Not Useful To Me | |||||
|
TheMatrix
Elite |
10-Jul-2024 17:20
|
||||
|
x 0
x 0 Alert Admin |
No need enquiry. We all know the bad news and war going on on Myanmar.
|
||||
| Useful To Me Not Useful To Me | |||||
|
huattuatua
Elite |
10-Jul-2024 17:19
|
||||
|
x 0
x 0 Alert Admin |
if duruing trading hours, i m pretty sure our sgx will issue query, but yoma has already clarified that serge pun is not being detained, hence, sgx also nothing to do and let it rot lor, but shouldnt circuit breaker be triggered at least to mitigate some losses, thats y boss chan says, wanna invest, invest in blue chips penny stocks is really anyones guess
|
||||
| Useful To Me Not Useful To Me | |||||
|
Chansenghoe1971
Elite |
10-Jul-2024 17:14
|
||||
|
x 1
x 0 Alert Admin |
If we zoom out and look at Sgx, it has failed as an integral part for Singapore as a global financial centre. Their vision of overtaking HK is illusiive and elusive. Local retailers may not have the HK mindsets. The market may also be overly regulated and big funds are not keen. It will only attract sub par boutique and piranhas type hunters and punters. A minister recently mentioned Government will not intervene to (support) the market, if so, should they not also give it a total free play? Well, sort of double standard.
Honestly, if want to invest, buy the blue chips. The rest, just wait to short. Example Yoma presents best chance to short today. Such news don short wait till when?
|
||||
| Useful To Me Not Useful To Me | |||||
|
k2kingkong
Senior |
10-Jul-2024 17:13
|
||||
|
x 0
x 0 Alert Admin |
The positive view is can buy low if share price drops tomorrow. Long time ago, at its peak Yoma was 90 cents a share. The trick is to stay invested if you think this counter is good. |
||||
| Useful To Me Not Useful To Me | |||||
|
LoudShout
Master |
10-Jul-2024 17:09
|
||||
|
x 0
x 0 Alert Admin |
Can show face at office in BKK or SG...to dispel the rumour of being detained..
|
||||
| Useful To Me Not Useful To Me | |||||
|
easywin
Supreme |
10-Jul-2024 17:09
|
||||
|
x 0
x 0 Alert Admin |
Dropped so much in a day really feel sad to those lost heavily did not cut lost in time.sgx also no query
|
||||
| Useful To Me Not Useful To Me | |||||
|
tuntun
Veteran |
10-Jul-2024 17:08
|
||||
|
x 0
x 0 Alert Admin |
Back to 50 tomorrow | ||||
| Useful To Me Not Useful To Me | |||||