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Latest Forum Topics / Yoma Strategic    Last:0.078    -0.003  Post Reply
GCCP IN PLAY
rexaze
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22-May-2020 17:30     
 
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 Alert Admin 		started with property (not really affected by covid-19), consumer  (lowest involvement), automotive (revenue not recorded yet) &   financial services. I think they are currently more focused in Fintech (wave pay) as they recently joint venture with AliPay. Their investment in mobile payment started in 2016 and breakeven 2 years later. undervalue for sure.

Cadence88      ( Date: 20-May-2020 15:49) Posted:

They have the mobile payment business for a long time. Burmese company.

actan99      ( Date: 19-May-2020 14:15) Posted:

Hmm, actually whats yoma fundamentals just checking ?

They are actually into property,    so now they go into mobile payments ? 

Right ? So they are not local company ? 


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Cadence88
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20-May-2020 15:49     
 
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 Alert Admin 		They have the mobile payment business for a long time. Burmese company.

actan99      ( Date: 19-May-2020 14:15) Posted:

Hmm, actually whats yoma fundamentals just checking ?

They are actually into property,    so now they go into mobile payments ? 

Right ? So they are not local company ? 

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danger
Supreme
20-May-2020 15:42     
 
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 Alert Admin 		very high volume
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actan99
Master
19-May-2020 14:15     
 
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 Alert Admin 		Hmm, actually whats yoma fundamentals just checking ?

They are actually into property,    so now they go into mobile payments ? 

Right ? So they are not local company ? 
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Joelton
Supreme
19-May-2020 10:17     
 
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 Alert Admin

Ant Financial to invest US$73.5m in Yoma Strategic' s mobile payments joint venture in Myanmar



TUE, MAY 19, 2020 - 5:50 AM

Singapore

ALIBABA Group' s affiliate Ant Financial is tying up with mainboard-listed Yoma Strategic Holdings as its latest foray into the South-east Asia digital payments space takes it to Myanmar.

This follows its earlier expansion into the Philippines, Vietnam and Singapore....

https://www.businesstimes.com.sg/companies-markets/ant-financial-to-invest-us735m-in-yoma-strategics-mobile-payments-joint-venture-in
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chipchip66
Elite
18-May-2020 09:36     
 
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 Alert Admin 		from sgx announcment

PRESS RELEASE Wave Money and Ant Financial Services Group forms strategic partnership to promote financial inclusion for the unbanked in Myanmar Yangon, Hangzhou, 18 May, 2020 &ndash Digital Money Myanmar Limited (&ldquo Wave Money&rdquo ) and Ant Financial Services Group (&ldquo Ant Group&rdquo ), operator of Alipay, today announced a strategic partnership to promote financial inclusion for the unbanked and underbanked communities in Myanmar. Ant Group&rsquo s expertise in mobile payment and digital financial services will help boost Wave Money&rsquo s technological capabilities to provide greater convenience and security in mobile financial services across Myanmar. Wave Money is a joint venture between Telenor Group and the Yoma Group (for this purpose to comprise Yoma Strategic Holdings1 (&ldquo Yoma Strategic&rdquo ) and Yoma Bank). As part of this partnership, Ant Group plans to invest US$73.5 million in Wave Money to become a substantial minority stakeholder, alongside existing shareholders Yoma Group2 and Telenor. Ant Group stake in Wave Money will come by way of a new share issuance which is subject to certain conditions, including regulatory approval. Wave Money, a leading mobile financial services provider in Myanmar, runs a network of more than 57,000 agents or &ldquo Wave Shops&rdquo in urban and rural areas across 295 out of 330 townships nationwide, covering approximately 89% of the country. In 2019, Wave Money&rsquo s transfer volume more than tripled year-on-year reaching MMK6.4 trillion (US$4.3 billion). During the same period, revenue and transaction numbers also tripled. Wave Money became EBITDA positive in September 2018, just two years after its launch and continued to maintain its profitability. More than 21 million people have used Wave Money&rsquo s platform including Wave Pay for remittances, utility payments, airtime top-ups and digital payments. Since its launch in October 2018, Wave Pay&rsquo s monthly active user base has been increasing steadily at 14% per month-on-month. Ant Group is an innovative technology provider that aims to bring inclusive financial services to the world. It is the operator of Alipay, an online payment service launched in 2004 which has since evolved into a leading digital lifestyle platform connecting merchants and its users. As of 30 June 2019, Alipay, together with its strategic e-wallet partners serves 1.2 billion global users. As part of the strategic partnership, Wave Money will leverage Ant Group&rsquo s experience building mobile payment platforms to enhance its digital competence, capabilities, user experience and service offerings to better address the needs of users in Myanmar
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survivor
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18-May-2020 09:32     
 
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 Alert Admin 		Super gd news
BRIEF-Yoma Strategic Says Digital Money Myanmar & Ant Financial Sign A Strategic Partnership


polarinda      ( Date: 18-May-2020 09:27) Posted:

Why is this going up?

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polarinda
Master
18-May-2020 09:27     
 
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 Alert Admin 		Why is this going up?
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sengsk
Elite
18-May-2020 09:09     
 
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 Alert Admin 		Look sweet, Tested a bit.
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rexaze
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15-May-2020 17:25     
 
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 Alert Admin 		wow this looks bad

Joelton      ( Date: 15-May-2020 10:34) Posted:

Yoma Strategic sinks into the red with US$15.9m H2 2020 net loss

UPDATED THU, MAY 14, 2020 - 10:48 AM

MYANMAR-FOCUSED Yoma Strategic Holdings has sunk into the red with a net loss of US$15.9 million for the six months ended March 31, 2020, compared with a net profit of US$20.6 million a year ago.

This comes amid an increase in interest expenses and administrative expenses, partially offset by a lower share of losses of joint ventures and the recognition of a share of profit of associated companies, according to results released by the mainboard-listed group on Thursday.

Yoma Strategic has businesses in real estate,  food and beverage, automotive, financial services, as well as investments. 

Loss per share stood at 0.73 US cent for the same period, compared with earnings per share of 1.09 cents a year ago.

 

Revenue for the second half rose 4 per cent to US$52.2 million, from US$50.2 million a year ago. This was mainly due to a lack of fair-value adjustments as a result of the group' s change of its financial year-end from March 31 to Sept 30.

Due to the change, the group' s second-half revenue and other income are not comparable with the same period a year ago. The group' s annual valuation exercise will only be performed on Sept 30, 2020, for audit and reporting purposes.

Moreover, the group' s revenue was affected as its operator fee income revenue also does not reflect the annual valuation exercise in Hlaing River Golf and Country Club Co' s income statement for the six months ending March 31, 2020.

No dividend was declared for the period, unchanged from a year ago.

For the full year ended March 31, 2020, net loss was US$73.4 million, while revenue was 7.6 per cent lower at US$93 million.

Melvyn Pun, Yoma Strategic' s chief executive, said the Covid-19 pandemic' s unprecedented disruptions in every sector of the economy had affected the group' s businesses.

Despite a slower business environment, the effects on consumer behaviour have created opportunities for the group to better serve its customers and streamline its operations. One example is the faster digital adoption in the Wave Money - the group' s mobile payments provider in Myanmar  -  and food and beverage operations.

" While the path to recovery remains uncertain in its timing and trajectory, we believe our employees' resilience and our ability to adapt and transform will allow us to weather the current business environment and emerge as a stronger organisation," Mr Pun added.

Yoma Strategic shares were trading down 1.2 Singapore cents or 5.7 per cent at 19.8 cents as at 10.15am on Thursday.

https://www.businesstimes.com.sg/companies-markets/yoma-strategic-sinks-into-the-red-with-us159m-h2-2020-net-loss
 


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Joelton
Supreme
15-May-2020 10:34     
 
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 Alert Admin

Yoma Strategic sinks into the red with US$15.9m H2 2020 net loss

UPDATED THU, MAY 14, 2020 - 10:48 AM

MYANMAR-FOCUSED Yoma Strategic Holdings has sunk into the red with a net loss of US$15.9 million for the six months ended March 31, 2020, compared with a net profit of US$20.6 million a year ago.

This comes amid an increase in interest expenses and administrative expenses, partially offset by a lower share of losses of joint ventures and the recognition of a share of profit of associated companies, according to results released by the mainboard-listed group on Thursday.

Yoma Strategic has businesses in real estate,  food and beverage, automotive, financial services, as well as investments. 

Loss per share stood at 0.73 US cent for the same period, compared with earnings per share of 1.09 cents a year ago.

 

Revenue for the second half rose 4 per cent to US$52.2 million, from US$50.2 million a year ago. This was mainly due to a lack of fair-value adjustments as a result of the group' s change of its financial year-end from March 31 to Sept 30.

Due to the change, the group' s second-half revenue and other income are not comparable with the same period a year ago. The group' s annual valuation exercise will only be performed on Sept 30, 2020, for audit and reporting purposes.

Moreover, the group' s revenue was affected as its operator fee income revenue also does not reflect the annual valuation exercise in Hlaing River Golf and Country Club Co' s income statement for the six months ending March 31, 2020.

No dividend was declared for the period, unchanged from a year ago.

For the full year ended March 31, 2020, net loss was US$73.4 million, while revenue was 7.6 per cent lower at US$93 million.

Melvyn Pun, Yoma Strategic' s chief executive, said the Covid-19 pandemic' s unprecedented disruptions in every sector of the economy had affected the group' s businesses.

Despite a slower business environment, the effects on consumer behaviour have created opportunities for the group to better serve its customers and streamline its operations. One example is the faster digital adoption in the Wave Money - the group' s mobile payments provider in Myanmar  -  and food and beverage operations.

" While the path to recovery remains uncertain in its timing and trajectory, we believe our employees' resilience and our ability to adapt and transform will allow us to weather the current business environment and emerge as a stronger organisation," Mr Pun added.

Yoma Strategic shares were trading down 1.2 Singapore cents or 5.7 per cent at 19.8 cents as at 10.15am on Thursday.

https://www.businesstimes.com.sg/companies-markets/yoma-strategic-sinks-into-the-red-with-us159m-h2-2020-net-loss
 

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klwo9999
Member
11-May-2020 14:05     
 
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 Alert Admin 		Anyone knows yoma?s earnings for q12020? Report releasing on 14th may
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Stockerman
Member
21-Apr-2020 14:23     
 
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 Alert Admin 		What happened ?
Kanna SPG treatment..
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SmallSmall
Supreme
15-Apr-2020 02:53     
 
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 Alert Admin 		There appears to have a huge sell order in the late afternoon. Looks like some form of force liquidation. For investors I guess it' s an opportunity to buy but if you are just trading, it would be prudent to watch the price action the next few days. 

SgTrader17      ( Date: 15-Apr-2020 01:17) Posted:

Pump up so much and then got dump back down ... That's bad. Any chance of another cycle? Lol

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SgTrader17
Elite
15-Apr-2020 01:17     
 
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 Alert Admin 		Pump up so much and then got dump back down ... That's bad. Any chance of another cycle? Lol
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SmallSmall
Supreme
14-Apr-2020 09:31     
 
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 Alert Admin 		Chiong ah !..... :)

SmallSmall      ( Date: 13-Apr-2020 15:32) Posted:

Last chance to buy at distressed price :)
Was still trading at above $0.30 last month...No crisis no opportunity

SmallSmall      ( Date: 13-Apr-2020 15:20) Posted:

Time to buy this buy. Ayala got in at $0.45...Already bombed out and the technicals looks good ...:)
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SmallSmall
Supreme
13-Apr-2020 15:32     
 
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 Alert Admin 		Last chance to buy at distressed price :)
Was still trading at above $0.30 last month...No crisis no opportunity

SmallSmall      ( Date: 13-Apr-2020 15:20) Posted:

Time to buy this buy. Ayala got in at $0.45...Already bombed out and the technicals looks good ...:)
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SmallSmall
Supreme
13-Apr-2020 15:20     
 
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 Alert Admin 		Time to buy this buy. Ayala got in at $0.45...Already bombed out and the technicals looks good ...:)
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johnng
Supreme
12-Mar-2020 21:14     
 
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 Alert Admin 		YOMA going under 20cents soon?
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Sgvale
Supreme
12-Mar-2020 09:24     
 
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 Alert Admin 		Tourism dollars plunge. So does Yoma
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