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opening with a gap up...
Like other property companies, it is suffering because of finance costs (US$9.644M) but it didn' t have any fair value gain from writing up its investment properties (US$309.1M). It should take some lessons from others, though not sure how much because it is Myanmar after all. There are also other players with some exposure in Myanmar, e.g. Keppel Land - need to study a bit more.
runaway ( Date: 24-Jul-2019 21:22) Posted:
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Yoma was much talked about by the market more than a year ago.
Being the only SGX listed player in Myanmar, which is called the last untapped market, it was touted as a bright and rising star. Its share was very active and traded at $0.60+ between mid 17 to mid 18.
1Q19 $13.3 mil is not a small loss, it looks really bad when compared to the good FY18 results.
Its forte is propeerty, and everyone thinks it is doing extremely well in that space. Its Q119 results speak otherwise. What a disappointment!
Yoma Strategic reports higher 1Q loss of US$13.3 mil on lower property-linked sales
24/07/2019, 7:40am
SINGAPORE (July 24): Yoma Strategic Holdings reported attributable net loss for 1Q20 ended June widened to US$13.3 million ($18.2 million) from a restated US$5.6 million a year ago due to lower sales from its property-linked businesses and higher expenses.
The restatement of 1Q19 results was due to a change in international financial reporting standards.
Yoma&rsquo s group revenue dipped 11.5% to US$18.6 million from a year ago.
Revenue generated from the sale of residences and land development rights (LDRs) in 1Q20 decreased by more than half to US$3.27 million from a year ago from lower percentage of completion revenues at Pun Hlaing Estate and StarCity as both projects are nearing completion. There was also minimal remaining inventory for sale at Galaxy Towers.
Real estate services revenue also fell 15% to US$2.30 million from a year ago due to lower leasing revenues from Star Residences at StarCity which started its refurbishment plan and reduced the number of units available for lease.
Revenue from the group&rsquo s automotive & heavy equipment segment decreased about 25% to US$4.2 million due to a lower number of tractors with higher margins sold.
https://www.theedgesingapore.com/capital/results/yoma-strategic-reports-higher-1q-loss-us133-mil-economy-bottoms-out
1st quarter net LOSS widened to USD13.33m.
carurhead ( Date: 23-Jul-2019 23:45) Posted:
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After touching support line, it is time for Yoma to rise further starting tomorrow. Target 50 sen and above.
Carurhead
Success People see future
Carurhead
Success People see future
According to homily chart, money start to flow in today. Expect to rise further in next few days. Cheers.
stuck at 0.39?
Today is a rising day :)
Finally reach 0.39. Most likely break resistance tomorrow and go further up. Cheers.
Cadence88 ( Date: 15-Jul-2019 13:07) Posted:
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Not breaking resistance so far today though.
Going to rise further once break 0.39 and above. Better profit to be announced soon. Cheers.
targeting at 55c
Uptrend just begun... hope to see above 40c next week. Consolidating on previous week
Sifu, today is another rising day.. :)
shareprofessor ( Date: 01-Jul-2019 09:34) Posted:
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Once break resistance 0.38. Today will break 0.40 and above. Cheers.
legend ( Date: 01-Jul-2019 08:01) Posted:
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A rising day... :)
Homily chart still show more and more in flow money. Shall break 0.40 soon.
CEO bought at 35 sen.
CEO bought at 35 sen.
Today might break 0.38 and go higher..
0.38 already... more and more buyer.