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Good choice !
lyn_lyn ( Date: 31-Jul-2015 11:12) Posted:
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yoma steady!......0.435......form 0.42
lyn_lyn ( Date: 31-Jul-2015 09:21) Posted:
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time to visit you again......
Yoma Strategic: Fiscal 1Q Net Profit S$2.6 Million Vs S$1.4 Million a Year Earlier
27 Jul 2015 08:19
lyn_lyn ( Date: 27-Jul-2015 08:55) Posted:
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sasa.....congrats!
sarsar ( Date: 27-Jul-2015 08:57) Posted:
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Well done Yoma!!
Good mornng sis lyn lyn...enjoy your day!
yeah!....
Yoma Strategic Holdings (
Financial Dashboard) posted a 77.7% increase in earnings to $2.6 million in the first quarter ended June 30, 2015.
Yoma Strategic ended at 47.5 cents......
volume : 10,654.7 as of now.......
lyn_lyn ( Date: 24-Jul-2015 10:12) Posted:
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0.495.......♫ ✿ ♫ ✿ ♫
lyn_lyn ( Date: 24-Jul-2015 09:47) Posted:
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Yoma reporting it' s results soon.......
| 27 Jul 2015 | Yoma Strategic | 1st Quarter Results.......... |
last round results........
Yoma' s Q4 profit up 28% at S$8.16m
25 May 2015 09:00
BOOSTED by higher fair-value and bargain-purchase gains on investment properties and acquisitions, Yoma Strategic on Friday posted a 28 per cent year-on-year rise in net profit to S$8.16 million for the fourth quarter ended March 31, 2015. Yoma also announced senior management changes.
The profit attributable to equity-holders also came on the back of higher gross margin. While Q4 revenue was up just 0.1 per cent at S$27.56 million, gross profit was 2.2 per cent higher at S$13 million. Net profit, including S$3.71 million (FY2014: S$1.68 million) for non-controlling interests, was S$11.87 million, up 47.5 per cent.
The quarter saw net other gains doubling to S$11.38 million. Contributing to this was a rise in fair-value gain on investment properties from S$5.19 million to S$8.03 million. The latter stemmed from the revaluation of its investment properties Building A5 in Star City and Lakeview G in Pun Hlaing Golf Estate in Myanmar.
For the financial year ended March 31, 2015 (FY2015), Yoma' s profit attributable to equity-holders grew 71.1 per cent to S$28.05 million while revenue rose 10.4 per cent to S$110.93 million, mostly due to higher revenues generated by its automotive and tourism segments.
Earnings per share for the fourth quarter stood unchanged at 0.52 Singapore cent.
Yoma announced that Andrew Rickards will be stepping down as chief executive officer and executive director after the company' s annual general meeting on July 27. This is to " to implement succession plan" . Taking over is Melvyn Pun, son of Yoma' s executive chairman Serge Pun. Melvyn will step down as alternate director to the elder Mr Pun.
Mr Rickards will stay on as an adviser to the company until Dec 31, 2015.
Meanwhile, JR Ching, who is head of business development at Yoma, has been appointed as chief financial officer (CFO). He will continue to oversee the group' s business development
scage11 ( Date: 24-Jul-2015 09:49) Posted:
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newbie here... managed to catch the earlier wave and keeping this counter - hope for it to cross 0.50! :)
lyn_lyn ( Date: 24-Jul-2015 09:47) Posted:
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will it past 0.50?
lyn_lyn ( Date: 24-Jul-2015 09:47) Posted:
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0.49.....♫ ✿ ♫ ✿ ♫
lyn_lyn ( Date: 24-Jul-2015 09:14) Posted:
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sasa......huat ah!......happy weekend to you.....too.... ♫ ✿ ♫ ✿ ♫
sarsar ( Date: 24-Jul-2015 09:15) Posted:
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Good morning sis lyn lyn!
Glad to see it break 465 & active today...huat ah!
Happy great weekend.
lyn_lyn ( Date: 24-Jul-2015 09:02) Posted:
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0.48...... ♫ ✿ ♫ ✿ ♫
lyn_lyn ( Date: 24-Jul-2015 09:02) Posted:
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0.475.......yeah!
lyn_lyn ( Date: 22-Jul-2015 10:09) Posted:
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this is to share with you......how other companies view investment in Myanmar.....
Soilbuild focuses on Myanmar
The listed construction group intends to entrench itself in the emerging market to take advantage of construction and infrastructural works as the frontier economy develops.
On July 8, Singapore-based privately held property developer Soilbuild Group Holdings (Soilbuild) and its Myanmar partners will be holding a gala dinner for 400 invited guests at the four-star Yangon Novotel Max. Entertainment that evening will include performances by Myanmar and Asian pop singers, but the main attraction will be a sneak preview of the upscale condominium development, Rosehill Residences, in Yangon by the joint-venture partners.
A gala dinner of such a scale for a VIP preview of a property launch is unusual in Singapore, but quite common in Myanmar. For Soilbuild and its listed construction arm, Soilbuild Construction Group, the launch marks the culmination of three years of hard work laying the ground in a new market.
The site is the first international joint venture between two private corporate entities in real estate development to receive Myanmar Investment Commission (MIC) approval. Rosehill Residences is also a coup for Soilbuild Construction, as it is the company&rsquo s maiden construction project, which was awarded by the joint-venture partners on June 8 and is worth US$50.4 million ($67 million).
Soilbuild, led by executive chairman Lim Chap Huat, has taken a 60% stake in the joint-venture company that is developing the project. It will also undertake the development cost of the project, which is estimated to range from US$60 to US$150 psf, excluding land costs. Meanwhile, its Myanmar partner, Rose Hill Co, comprising seven leading local businessmen, will contribute the 0.8 acre land parcel for the development. The site is located on Kabar Aye Pagoda Road and is a private grant land that has been given a perpetual renewable lease of 50+10+10 years.
The 176-unit Rosehill Residences will be 24 storeys high and, when completed in 3½ years&rsquo time, it is likely to be one of the tallest condo towers in Yangon. It is positioned as a high-end condo, and typical sizes range from 1,800 to 2,200 sq ft, with units being exclusively three- to five-bedroom. There are also sky villas and penthouses. A club floor on the 13th level will offer residents-only facilities. Prices are expected to range from US$300 to US$400 psf, which translates into absolute prices of US$540,000 to US$880,000.
Apartments will feature spacious balconies in the living and dining area, a wet and dry kitchen, maid&rsquo s accommodation, storage area and en suite bedrooms. They will be fitted with kitchen cabinetry, German brand kitchen appliances, bedroom wardrobes as well as German brand bathroom accessories and sanitaryware, which will be on a par with the specifications of high-end condos in Singapore.
Soilbuild Construction did not just plunge into the construction business in Myanmar. It spent the last three years in the trenches building up a network of contractors, subcontractors and suppliers, understanding how people work in Myanmar, deciphering the regulatory framework, and working out the government approval process and the construction methodology. It therefore undertook consultancy and project management contracts initially to learn the business. Over the last two years, it has undertaken the project management of nine developments, mainly residential ones and a few commercial showrooms.
&ldquo That&rsquo s part of our strategy,&rdquo says Ho Toon Bah, executive director of Soilbuild Construction. &ldquo Construction is not as easy as everyone thinks. Just because we know the construction business in Singapore, it doesn&rsquo t mean we can just go to Myanmar and replicate it.&rdquo For instance, the construction of Rosehill Residences is estimated to take 40 months to complete. A project of similar size in Singapore takes only 30 months to construct.
When Soilbuild Construction considered a regional expansion two years ago, it had explored opportunities in Medini in Iskandar Malaysia. &ldquo It was a bit too close for comfort,&rdquo says Ho. &ldquo Sometimes it&rsquo s not easy to overcome historical baggage.&rdquo
Soilbuild Construction had also looked at China, but felt that the Chinese construction groups were many times bigger and could undertake much larger scale developments in which the company could not possibly compete. &ldquo In fact, they are coming to Singapore to compete with us,&rdquo says Ho. &ldquo We decided that, rather than spend so much time in markets where we will make little headway, we might as well just focus on Myanmar.&rdquo
First-mover advantage
Soilbuild Construction believes it has a head start in Myanmar, as it has been there since 2012. It has built a team of 16 Myanmar staff &mdash &ldquo I&rsquo m a believer in localisation&rdquo , says Ho, who plans to start a training school in the country for its construction workers.
Besides construction, Ho sees opportunities in infrastructural works in Myanmar, specifically in civil engineering projects such as building and repairing roads and bridges. He has even set up a team to focus on civil works. &ldquo We want to get ourselves ready for when Myanmar opens up,&rdquo he says.
By focusing on Myanmar, Ho reckons that winning &ldquo a few hundred million dollars&rsquo &rdquo worth of construction projects a year is &ldquo not impossible&rdquo . Construction projects in Myanmar could therefore contribute up to 30% to 50% of Soilbuild Construction&rsquo s top line within the next three to five years, he says.
Meanwhile, its parent company Soilbuild has ambitious plans to actively seek potential sites for integrated developments. Soilbuild Construction will thus benefit from taking on the construction of these projects.
Foreigners and condo laws
Foreign direct investments may have soared to US$8.1 billion this year, but foreigners still cannot buy condos in Myanmar. Property consultants in Myanmar reckon that new condo laws could be passed that will allow foreigners to buy up to 40% of units in a condo project.
Steps are also being taken to open up the banking sector, with four foreign banks &mdash Oversea-Chinese Banking Corp, United Overseas Bank, Bank of Tokyo-Mitsubishi and Sumitomo Mitsui Banking Corp &mdash given licences to open branches there over the last three months.
&ldquo Structural changes are afoot, with the real estate market moving from being a largely unleveraged market to one in which developers and investors might begin to secure a loan for real estate investments,&rdquo Tan Kok Keong, CEO of REMS Advisors, a real estate consultancy and co-founder of Fundplaces, says in a column in The Edge Property on June 1.
For now, the mortgage market in Myanmar is still non-existent, with most homebuyers paying in cash. In 2013 and 2014, most developers were able to pre-sell 40% to 50% of the units in their projects even before construction started, says Richard Emerson, country manager for Savills Myanmar.
Sentiment has become more cautious on the ground. &ldquo A key reason for the less buoyant sentiment, especially in the real estate market, was the increasing uncertainty over the political stability of the country heading up to the 2015 elections,&rdquo says REMS Advisors&rsquo Tan.
Other Singapore property groups that have also entered the Myanmar market include Keppel Land, which announced last month that it would add a 29-storey, 420-room wing to its Sedona Hotel Yangon. Last December, Keppel Land also announced that it was investing US$47.4 million in a joint venture to develop a 23-storey office tower in Yangon&rsquo s CBD. Last October, Oxley Holdings entered into a building construction, management and consultancy services agreement to build a 20-storey, mixed-use development in Yangon called Min Residence. Last August, UOL Group formed a joint venture to develop, construct and manage a hotel property. In March last year, Ascott, the serviced apartment arm of Singapore&rsquo s CapitaLand, secured its first serviced residence property, the 153- unit Somerset Kabar Aye Yangon, which will be part of a mixed-use development that comprises a luxury condo. Two years ago, Amara Holdings announced a joint venture to develop and operate a hotel in Yangon, with investments of US$50 million.
&ldquo There are a lot of Singapore groups talking to us, and there&rsquo s a lot of capital coming from around the world,&rdquo says Chris Marriott, CEO of Savills South East Asia. &ldquo There&rsquo s probably more capital than there are investment opportunities.&rdquo
breaking 0.465 convincingly.......looking for 0.50.........
yeah!.....good profits....huat ah!.....
Yoma.....supporters......congrats!
lyn_lyn ( Date: 20-Jul-2015 14:24) Posted:
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