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Yoma Strategic
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YOMA
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Sgvale
Supreme |
13-May-2021 14:27
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Still at 141? So high. | ||||
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SinglePore
Member |
13-May-2021 14:22
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Telenor writes off Myanmar operation. They just move on with this hopeless country. So how about you? https://thediplomat.com/2021/05/norways-telenor-writes-off-its-myanmar-operation-amid-crisis/ |
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Entropy72
Master |
12-May-2021 21:23
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Business plunges, commodity costs escalating, NUG urges uniformed forces mutiny ...
---- Wednesday, May 12 2:00 p.m. Kirin Holdings says its subsidiary Myanmar Brewery saw revenue plunge 46.7% on the year in the first quarter of 2021, as the Japanese company looks to exit the joint venture with a military-linked conglomerate. Revenue dropped to 5.7 billion yen ($52 million), from 10.7 billion yen in the same period a year earlier. The subsidiary is a partnership with Myanmar Economic Holdings, known as MEHL. In the days after the Feb. 1 coup, Kirin announced that it had ?no option but to terminate our current joint-venture partnership.? In its latest earnings announcement, Kirin mentions that it continues discussions toward dissolving the joint venture. ?The company continues to place the highest priority on ensuring the safety and health of its employees,? it adds. Activist group Justice for Myanmar says in a statement that the results are ?clear evidence that the mass boycott of military products by the people of Myanmar is working.? Kirin, though, notes that Myanmar Brewery?s revenue declined by ?almost the same amount as the market.? Kirin estimates the Myanmar beer market shrank by 40% on the year due to weaker consumer demand, lower supply capacity and restrictions on sales activities. 9:00 a.m. Prices of rice and rice crops have ?modestly? increased in the domestic market, state-owned paper Global New Light of Myanmar reports. Data in the report shows rice crops fetched between 506,000 to 524,000 kyat ($313 to $324) per 100 baskets. The paper says those prices are up 20,000 to 33,000 kyat, or around 4% to 7%, though it does not clarify the period of the change. 1:30 a.m. Myanmar?s National Unity Government, which stands in opposition to the junta, accuses the military-run government of crimes against humanity in a new statement on the 100th day since the coup and vows to bring violators to account. ?Our invitation is extended to the Army, Navy, Air Force personnel including those from Myanmar Police Force, that it is still a good time to side with justice and the people ? if you do not want to be recorded in history as criminals,? according to the statement, which is issued with the government?s self-declared Ministry of Human Rights. |
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Entropy72
Master |
11-May-2021 12:43
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3 more days to results release. | ||||
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SgYuan
Supreme |
10-May-2021 09:14
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if 141 support new ew start or base on prev w5 
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SgYuan
Supreme |
10-May-2021 09:08
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w4 155 breakdown - should cut here dn 61.8 149 breakdown main dn 61.8 147 breakdown lower trendline 141 this is last gate must hold then new ew start  |
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Entropy72
Master |
08-May-2021 10:06
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Friday, May 7 3:00 p.m. Myanmar' s junta tells reporters it will " cooperate" with an Association of Southeast Asian Nations plan to dispatch a special envoy to the country -- but only after restoring a certain level of " stability." The idea of sending an envoy is part of the ASEAN five-point consensus reached at a special bloc summit in Jakarta last month, which included the junta' s leader, Senior Gen. Min Aung Hlaing. But Maj. Kaung Htet San, a spokesperson for the military' s State Administration Council, tells an online news conference: " Whether we will follow the suggestions of ASEAN or not will depend on the situation of the country." He does add that the authorities intend to form " technical teams" to implement ASEAN' s suggestions. Regarding the fate of the ousted National League for Democracy, he says that " the existence of political parties in our country is defined by the political parties registration law and the constitution," citing an article that allows for banning parties on grounds of " unlawful association." He says, " The future of the party will proceed in accordance with the laws." 11:30 a.m. Local media reports say plainclothes gunmen arrested three people at the headquarters of ousted leader Aung San Suu Kyi' s National League for Democracy in Yangon on Thursday. Two of the detainees are party central committee members, while the third is a youth committee member they have been working regularly at the party office since the Feb. 1 military coup. Their whereabouts are unknown.  An anti-coup protester demonstrates outside the National League for Democracy headquarters building in Yangon in February. © Getty Images
9:00 a.m. Hundreds of people have been lining up to take out cash at ATMs in Yangon. At one location, however, a bank officer comes out and makes an announcement: " Cash cannot be withdrawn from these ATMs." The lines have been getting longer for the last two weeks.  People line up in front of a bank in Yangon to withdraw cash on May 7. |
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SlothSG
Veteran |
08-May-2021 07:38
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agreed ..... wait and see
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zandlery
Supreme |
07-May-2021 22:58
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This bugger just opportunist trader which could lose more than win. Gambler at most or just a popup ads who just shout up or down without vested interest.
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PhillipTan
Supreme |
07-May-2021 22:00
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Good luck to you to continue loading up with such negative developments in the country Be greedy when others are afraid, be afraid when others are greedy Maybe that' s your motto For me, I will continue to stay put and will not invest first I don' t foresee the situation getting better anytime soon
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SamWong
Senior |
07-May-2021 16:45
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Alibaba Ant totally pulled out of the wave deal.
Yoma bank had agricultural loans , auto loans ? The current myanmar people movement : "not paying bills" "not paying loans" may affect yoma bank . Yoma has been asking funds $ injections m the process diluting the founder shareholdings. Why ? |
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jesmarnew
Senior |
07-May-2021 14:34
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Play up to 17 cts starting.....load up!! | ||||
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Entropy72
Master |
07-May-2021 13:32
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There are many stuckists who are unwilling to cut loss. And there are some opportunists who look at price action only, without bothering about fundamental realities.
The awakening will be here soon.
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SamWong
Senior |
07-May-2021 13:07
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Retailers avoid this stock.
How can buy when myanmar in total chaos and full scale civil war soon ? If civil war, can last for years or decades. Yoma makes $ in Kyat myanmar currency. Kyat is down more than 10% vs USD S$. DYODD |
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Entropy72
Master |
07-May-2021 12:40
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BANGKOK ? Nearly 13% of companies in Myanmar have ceased all activities there since the Feb. 1 military coup, according to a survey out Thursday, highlighting the heavy toll of political turmoil on the economy.
The answers provided in the survey show that political instability ?had a stronger negative impact? on companies in just two months than a whole year of the pandemic, the report said. Around a third of respondents reported a 75%-plus reduction in the joint survey by 10 foreign chambers of commerce. And 21% said they have reduced activities by 50% to 75%. Just 5% of respondents reported no impact. Of the 372 companies responding by April 9, nearly half were Japanese, at 182, followed by 115 Western companies. Fifty-four of the respondents were Myanmar companies. Asked for the main causes of the impact, with multiple responses allowed, respondents most frequently said that banks, transfers and payments were not working, at 77%. Disruption of the internet came next, at 70%, followed by staff being unable to travel or work on-site or in the field, at 65%. Asked what they planned to do by year-end, 39% of respondents said it would depend on how the situation evolves. This was followed by 33% saying they would maintain operations without further investment, then 15% saying they would progressively reduce operations in Myanmar. In the absence of any improvement by the end of September, the number of companies that terminate all operations, terminate employment contracts, or reduce operations and salaries could double by the end of the year, the report said. The appetite for investing in Myanmar has collapsed, the survey shows. Before February, 53% of respondents had planned to increase investment there. But just 5% now plan to do so by the end of the year. In January, ?a majority of companies were planning to maintain or even to increase their operations and investments in Myanmar,? according to the report. ?These plans came to a halt after the political events of February 2021.? Among the prominent foreign players hit by the coup is Norwegian telecommunications group Telenor. The company said Tuesday that it had fully written off its Myanmar operations, for the equivalent of about $780 million, over worsening conditions since the coup. |
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Entropy72
Master |
06-May-2021 17:41
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Results release 14 May. | ||||
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Observers
Elite |
06-May-2021 07:00
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Five people killed in an explosion in Myanmar this week, including an ousted lawmaker, had been building a bomb, media controlled by the military junta said on Wednesday (May 5).
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PhillipTan
Supreme |
05-May-2021 10:33
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they were trying to evade arrest by the military when they got killed by the parcel bomb so... the military killed them using parcel bomb i suppose?
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Observers
Elite |
05-May-2021 10:29
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military army will use C4 bomb, fighter jets, rockets? insurgent ethnic militia will use pipe/parcel bomb?
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PhillipTan
Supreme |
05-May-2021 09:18
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Military turned terrorist?
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