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Yoma Strategic
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YOMA
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Entropy72
Master |
10-Apr-2021 10:36
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I believe there are forummers who bought Yoma after the coup, because they had read Philip Capital recommendations in early Feb which revalued Yoma at 34 cents.
See their latest view on Yoma below. ------- 6 Apr 21: PhillipCapital?s Phillip Absolute 10 Portfolio, which tracks the brokerage?s top 10 picks for absolute returns, underperformed the STI in the 1Q2021. The model portfolio declined 3.7% against the STI?s 11.3% gain, attributable to a 52% drop in Yoma?s share price. That said, Chew says he still believes the brokerage?s thesis on Yoma was ?sound? at the time.?Myanmar was growing fast. Yoma had a 10-year property-development land bank, profitable fintech business with a 2 times growth rate and a US$73 million ($98.1 million) cash infusion from Alipay, a nationwide KFC franchise and a conglomerate looking to inject US$155 million into the group at a 38% premium to share price,? he shares.?Unfortunately, it was a painful lesson of sacrificing political risk for growth in emerging markets.? During the 3Q2020, PhillipCapital added Yoma Strategic and Asian Pay Television Trust (APTT) to its model portfolio while removing StarHub, Sheng Siong and UOB.In 4Q2020, the brokerage added ComfortDelGro (CDG), Manulife US REIT (MUST) and SGX, while removing Ascott Residence Trust (ART), DBS and Venture Corporation. In 1Q2021, it added ART back into the portfolio along with Keppel Corporation and removed Netlink NBN Trust and SGX. In the coming 2Q2021, the brokerage has included Q&M Dental in its portfolio and removed Yoma Strategic.?We have removed Yoma from our portfolio. We do not envisage any positive outcome in the near term for the Myanmar economy. Protests and paralysis in the country continue, with no resolution in sight,? says Chew. |
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Entropy72
Master |
10-Apr-2021 06:49
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Elections pushed further from 1 year to 2 years.
------ 5:45 p.m. Elections will be held in within two years to return the country back to democracy, Junta spokesperson Zaw Min Tun says.
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PhillipTan
Supreme |
10-Apr-2021 02:50
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That is assuming that the situation will not improve and they cash out last, or the company collapse
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Entropy72
Master |
09-Apr-2021 22:35
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Yoma has many expat mgt talent - check out their annual report and website. They are of great value during peace time. But their high salaries are a big drag during crisis.
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Entropy72
Master |
09-Apr-2021 22:26
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Based on full year results (ending 30 Sep 20), Yoma's monthly admin and finance expenses are around USD 6m.
It's cash balance was USD35m then. Assuming minimal revenue at current situation, it can last around 6 months before it needs to raise cash (asset sales or rights issuance) to sustain company operations. There should be finance or accounting trained forummers here who can verify the above. |
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112233
Master |
09-Apr-2021 16:57
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today many counters in red. this counter is no exception. | ||||
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Entropy72
Master |
09-Apr-2021 16:31
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No, there is very little shorting. You can check the SGX data.
It is genuine selling by investors who are waking up to the grim realities of the Myanmar situation. The ones that wake up the last and still holding on to their lots will bear the highest cost.
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zandlery
Supreme |
09-Apr-2021 16:16
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What to do.... If you have insider news that the military will give up next week u can all in......
Else with this kind of situation there..... Not surprising everyday dropping.... Like the bird have diarrhoea.
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tankoksee
Supreme |
09-Apr-2021 16:12
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favourite shorting counter.. a lot of shorting going on....  |
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Observers
Elite |
09-Apr-2021 15:43
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how come SGX never query ah? i thought substantial developments must annouunce or no need?
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PhillipTan
Supreme |
09-Apr-2021 15:11
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Don' t think I would be surpised if this counter halts trading, if the situation there worsens and company have to cease operations till futher notice
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7ocean
Master |
09-Apr-2021 14:55
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Very Soon she will drops to 10
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PhillipTan
Supreme |
09-Apr-2021 14:42
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Maybe 15 cents at best | ||||
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tankoksee
Supreme |
09-Apr-2021 10:26
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then come Monday gap up to 20 cts.. | ||||
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tankoksee
Supreme |
09-Apr-2021 10:23
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shorties pressing it down with more n more bad news? hope weekend to have some positive news from the junta.. 
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laksaman57
Supreme |
09-Apr-2021 10:12
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https://asia.nikkei.com/Spotlight/Myanmar-Coup/US-broadens-Myanmar-sanctions-beyond-military-with-trade-move
"YANGON/BANGKOK -- The U.S. has moved to broaden sanctions on Myanmar beyond those targeted specifically at military leaders and will consider excluding the country from a program of tariff-free access to the American market for certain exports." |
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wavesurfer
Member |
09-Apr-2021 09:09
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Seems gap down again. hope selling presure stops. | ||||
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Entropy72
Master |
09-Apr-2021 08:16
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A coup and its consequences
Nadine Since the military coup in Myanmar on 1 February, at least 550 civilians have been killed amid the unrest. Dozens more have been taken into custody. Most press coverage?rightfully?highlights the violence, the protests and the political situation. But to learn more about how the private sector is coping post-coup, we spoke to Shah Suraj Bharat (currently based in Indonesia) and Zaw Htet Oo (in Yangon). They are analysts at FMR Research & Advisory, a research services company that has operated in Myanmar since 2014. The Ken: What are the main worries at the moment for companies and foreign investors in Myanmar? Shah Suraj Bharat: The most immediate impact has been the effective shutdown in banking and financial services, as most bank staff are taking part in the civil disobedience movement. Companies have been unable to process transactions, including making and receiving payments and paying staff wages. The central bank has opted to take a coercive approach and fine banks whose branches remain shut. Some branches have reopened and there has been a slight pick-up in banking activity in recent weeks. However, this remains far below normal activity. Banks have good reason to remain shut. As soon as they reopen, there will be mass withdrawals even military-owned banks have kept branches closed for this reason. Some international companies have been resourceful, such as by processing payments at their overseas locations or using cash where possible. However, others have been forced to take drastic measures to safeguard their cash flow, such as by delaying payments or scaling back on staff hours. We are yet to see mass layoffs, but the threat of this is real. The civil disobedience movement has also meant significant disruptions to logistics. The risk of violence makes tasks such as going to work, buying food, etc. a hazard. Companies will have ethical considerations in how they eventually engage (and thus legitimise) the military administration if they have to. Currently, most companies do not have a strategy in place and are still in wait-and-see mode. Two months after the coup, how things will shape up is still highly uncertain. The crackdown on the media is a significant consideration for businesses and investors. Business-focussed publications were already scarce in Myanmar, but the media crackdown has worsened this situation. A lack of access to frequent, reliable and sufficiently in-depth information and analysis on business and economic developments in Myanmar will pose longer-term harms to the business environment. TK: With intermittent internet outages and throttling, what's been the impact on business? On mobile payments/financial services? Zaw Htet Oo: Many businesses already had staff working from home, either partially or wholly, since the spread of Covid-19. However, now that the Tatmadaw (Myanmar armed forces) have shut off all mobile data and Wi-Fi, and many homes not having the right components for fixed-line connections and supplies running short, some businesses are just not able to function. Companies in the online delivery service, such as Foodpanda and Shop.com.mm, have been hit the hardest by internet outages, as they cannot receive or process orders. The same goes for ride-hailing companies like Grab and Oway. On the digital money front, only select agents who have functioning fibre internet in their store can process mobile payments and transactions. These are few and far between. TK: What sectors are most at risk at the moment? Do you expect more major business closures/retreats from Myanmar? SSB: The large foreign companies operating in Myanmar already had a long-term view, and while a coup was certainly not anticipated, the risks of operating in Myanmar were already high. We expect operations to be scaled back, and large capital projects that have yet to get underway will likely be paused. We do not expect a mass exodus of large companies operating in Myanmar. But for the next 12-24 months at least, foreign investment in new projects is expected to be put on pause. At a minimum, there needs to be an end to violence, a restoration of stable internet, and resumption of banking service. It?s impossible to tell when this will happen. Large infrastructure projects anticipated to get underway will likely face significant delays. We do not expect significant work on any major China-Myanmar Economic Corridor projects to begin in the next year. The reasoning behind these projects was based on a stable business and investment environment, and Myanmar maintaining 7% growth rates for the years to come. Both of these have been upended. The same goes for other sectors such as e-commerce, digital payments, retail, electronics, IT services, etc. There will still, of course, be great opportunities in Myanmar, but companies and investors will be saying it?s not the right time. For foreign investors, the expectations are that their money will go to other growing markets in Asia. Only investors with high-risk profiles or particular strategies will likely remain engaged in Myanmar in the next couple of years. TK: What's an under-reported aspect of the Myanmar coup and ongoing struggle, in your view? SSB: There has been little in-depth analysis on the military?s economic ideology or the potential reshaping of Myanmar?s political economy amid military rule and significant opposition. But this should be a key consideration for businesses with a long-term view in the country, with significant sunk costs. It?s too early to deliver a wholesome analysis on this, but Myanmar needs to be viewed in context. The Tatmadaw does not have the ?developmentalist? mindset or ideology found among other militaries (or past military regimes) in the region, such as Indonesia and Thailand. The lobbying power of domestic business has vastly different dynamics when compared to other markets. This generally remains underexplored. We also observed that, in the aftermath of the coup, there were a slew of articles essentially sounding the death knell to the protest movement, talking up the strength and cohesiveness of the Tatmadaw. More recent articles have focussed on the more visible Generation Z protest movements. But the reality is that the civil disobedience movement and wider protests should be taken as the most important impact on the business environment, not just from street protests but the everyday micro actions of defiance taken by Myanmar people. It needs to be appreciated how deeply unpopular this coup is, and how broad-based the opposition is. Some commentators seem to be taking the view that after a period of instability, people will eventually become compliant and accept military rule, with business returning to a new form of normality. This view is naïve and underestimates the unity and opposition to the coup. Forecasting the future is just an exercise in conjecture at the moment. |
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Entropy72
Master |
08-Apr-2021 22:58
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Chinese Embassy Makes Contact With Myanmar?s Shadow Government
The Chinese Embassy in Myanmar has for the first time spoken with members of a committee representing elected lawmakers from the ousted National League for Democracy (NLD) government, amid Beijing?s repeated calls for all parties in its southern neighbor to seek a political resolution to the current crisis through dialog. Multiple sources confirmed to The Irrawaddy that a counselor from the embassy in Yangon spoke by phone with members of the Committee Representing Pyidaungsu Hluttaw (CRPH) last week. (The Pyidaungsu Hluttaw is Myanmar?s Union Parliament.) Founded by NLD lawmakers following the February coup as a challenge to the legitimacy of the military regime, the CRPH enjoys popular support both domestically and overseas. The phone call is the first contact between Chinese officials and lawmakers from the ousted NLD government since the Feb. 1 military takeover. The CRPH previously demanded to meet with officials from Beijing. During the phone call, the two sides discussed the turmoil that has engulfed Myanmar since the military takeover. The Irrawaddy has learned that the CRPH demanded China back the efforts of the committee and the Myanmar people to bring down the coup leaders and restore civilian rule to the country. During the call, the counselor reiterated the Chinese ambassador?s earlier comments that the current situation is not what China wants to see, and expressed concern for the safety of Chinese citizens and investments in Myanmar amid the escalating violence. The Chinese official reminded the CRPH members that those investments were approved under the NLD government. In March, Chinese government mouthpiece Global Times claimed Myanmar protesters were responsible for attacks that damaged 32 China-backed factories in Yangon?s Hlaingtharyar Industrial Zone. Protesters denied the allegation, saying the attacks were a plot by the military to justify harsher crackdowns. The Chinese counselor did not state clearly whether Beijing sought a mediation role in any dialog between the parties involved. However, the official said Beijing wanted to open a communication channel with the CRPH. Chinese Foreign Minister Wang Yi said in March that China would not change its course of promoting bilateral friendship and cooperation, no matter how the situation evolves in Myanmar. He said Beijing would however try to bring about reconciliation by engaging with all relevant parties in the country. Following the coup, the CRPH sent at least three letters to Beijing demanding the Chinese government stand with the Myanmar people and not back the military regime. Last week, the US called on China to use its influence to hold to account those responsible for the coup, saying Beijing could certainly do more, given its considerable leverage in Myanmar. China has failed to take a strong stand against the coup in Myanmar. Amid demands from pro-democracy groups in the country that the international community apply ?serious pressure? on the junta, Beijing has repeatedly blocked the UN Security Council (UNSC)?s attempts to take action against the coup leaders and prevent further bloodshed. Anti-Chinese sentiment has risen rapidly in Myanmar over Beijing?s stand at the UNSC. Pro-democracy activists in the country have called for opposition to all Chinese projects in Myanmar. Some have even called for China?s twin oil and gas pipelines in the country to be blown up in response to Beijing?s stance at the UN. |
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112233
Master |
08-Apr-2021 13:57
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opportunity is here ... dont waste it. :) | ||||
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