Yoma Strategic

[greengiraffe]

Bad news here for Yoma?

Currency slide hits Myanmar's import businesses


SINGAPORE • Shopkeeper Kyaw Swar Tun grimaces as he tallies the day's sales in his small electrical appliance store stacked with imported goods in Myanmar's biggest city of Yangon.
"There's been no shopping anywhere, only window shopping," the 45-year-old exclaimed, throwing his hands in the air as he sat behind a wooden desk. "Business is no good for anybody because dollar prices are up."
The 19 per cent slide in Myanmar's kyat versus the United States dollar this year has increased the cost of the refrigerators, microwaves and air-conditioners that Mr Kyaw imports, forcing him to raise prices.

BAD FOR BUSINESS
There's been no shopping anywhere, only window shopping... Business is no good for anybody because dollar prices are up.
SHOPKEEPER KYAW SWAR TUN, who runs a small store selling electrical appliances in Yangon

Analysts see no end to the currency's retreat as an investment boom drives a surge in the South-east Asian nation's imports of raw materials and machinery.
"This weakening trend hasn't ended," said Mr Andrew Wood, the Singapore-based head of Asia country risk at BMI Research, part of the Fitch Group.
A current-account gap estimated at 7 per cent of gross domestic product this year and the next will weigh on the kyat, as will Myanmar's Budget deficit and quickening inflation, he said.
Foreign direct investment surged to US$8 billion (S$11 billion) in the fiscal year ended March, more than five times the total for the 2012 to 2013 period, and the International Monetary Fund estimates that the consequent jump in imports boosted the trade deficit to US$5.2 billion.
The central bank is seeking to halt the currency's drop by preventing hotels, restaurants and airlines from charging in dollars.
"There has been dollarisation leading to an increased need for dollars, weakening the kyat and causing exchange rate instability," the authority said in a statement on Oct 16. The kyat traded last Friday at 1,277.5 per US dollar in Yangon. 
The Asian Development Bank sees the economy expanding 8.3 per cent this year and close to that next year.
The businesses being hit hardest by the kyat's slide are those importing products from international manufacturers and selling locally, said Mr Melvyn Pun, chief executive of Myanmar property developer Yoma Strategic Holdings, which is listed in Singapore.
Said Mr Myo Htun Kyaw, manager of a family-owned computer sales shop: "People always complain about the price because last year they were buying laptops for 300,000 kyats (S$351) and now they are over 400,000 kyats because of the exchange rate. We are not selling much now because the prices are high, very high."
BLOOMBERG

[cyclone]

Myanmar theme has fizzled out. As with other fashions, it may pop up into popularity again in the future.

Yoma Strategic in JV to distribute Mitsubishi Automobiles in Myanmar

Yoma Strategic is pleased to announce that its wholly-owned subsidiary, Yoma Nominee Limited has established a new 50-50 joint venture company, MM Cars Myanmar Limited ("MMCM" with Issued and Paid-Up Share Capital : US$8,000,000 comprising 8,000,000 ordinary shares of US$1.00 each) with Mitsubishi Corporation.

MMCM will serve as the official distributor of automobiles manufactured by Mitsubishi Motors Corporation and is responsible for the distribution (wholesale), retail sales, after-sales services, and maintenance services of motor vehicles and spare parts manufactured by Mitsubishi Motors Corporation.

Until the establishment of MMCM, Yoma Strategic has been operating the two Mitsubishi Motors After-Sales Service Centres that were set up in Yangon in May 2013, and in Mandalay in December 2013. With its establishment, MMCM will operate the aforesaid After-Sales Service Centres and the first Mitsubishi Motors showroom in Yangon, which held its opening ceremony last evening. The showroom, which has a display area for five cars, also has a state-of-the art workshop fitted with the latest diagnostics technology which includes a dedicated tyre repair bay and a spare part store.
...
Yoma Strategic has several partnerships with Mitsubishi Corporation, including an elevator related business, a tyre business and the operation of the Mandalay International Airport.
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[Boon]

If there is going to be a smooth transition of power over the next few months - after the NLD had won the election – things might be looking up again in Myanmar.
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Shareholders' Trip to Yangon, Myanmar

As part of its shareholder relations programme, Yoma Strategic Holdings Ltd. invites its shareholders  to participate in its 3-day 2-night trip to Yangon, Myanmar, which will take place from 18 March to 20 March 2016. This is the third successive year that the Company will be hosting its shareholders following the overwhelming success of the previous two trips.

The itinerary for the Shareholder’s Trip will include visiting the Group’s key property development projects as well as its consumer and automotive businesses, including its flagship KFC restaurant and the newly opened Mitsubishi showroom in Yangon. The trip will also include interactive sessions with the Group’s key executives allowing shareholders to deepen their understanding of the Company and assess the political, economic and social developments currently undergoing in the country.

Once again, the Company is delighted to host its shareholders by sponsoring the ground transportation and meals for the trip, and shareholders will have to pay for their own flights and accommodation. Shareholders are encouraged to book their flights and accommodation via the Company’s appointed travel agency in Singapore which will be disclosed upon registration to ensure logistics efficiency.

The registration will be based on a first-come-first-served basis and is subject to availability. Interested shareholders are to indicate their interest with the Company’s designated contact persons by 22 January 2016, 5 p.m. via email to shareholder_trip@yomastrategic.com with their full names, Identification Card numbers, addresses and telephone contact details . In addition, a deposit will have to be paid within 5 working days upon registration to confirm their registration.

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Yoma Strategic intends to spin off tourism businesses into the first Myanmar tourism platform to be listed on SGX

Highlights :
* Yoma Strategic entered into an agreement to spin off its tourism businesses through an RTO
* Tourism businesses comprising Balloons over Bagan, Pun Hlaing Lodge and Bagan Land would be injected into a new tourism platform
* The platform intends to be the first SGX-listed Myanmar-focused tourism company following the proposed RTO of SHC Capital Asia Limited
* Yoma Strategic is expected to hold 53.48% of the proposed SGX-listed Myanmar-focused tourism company before any compliance placement

Balloons over Bagan ("BoB") is a hot-air balloon business operating in the Bagan and Inle area, Myanmar. BoB business comprises the assets and operation of a full commercial hot air balloon business in Bagan (12 balloons) and Inle Lake area (2 balloons). 

Pun Hlaing Lodge ("PHL") is a 46-key resort on 2.192 acres of land on Pun Hlaing Estate. It is currently under construction and SHC, upon the completion of the proposed RTO, shall finance the remaining construction costs up to US$12 million.

Bagan Land is a 4.3-acre parcel of land in the city of Nyaung U, Myanmar that will be developed into a proposed commercial and tourism-related hospitality development. 

More details in http://infopub.sgx.com/FileOpen/PressRel...eID=425875

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Do post your photos and share your stories here if you join the trip. Thanks.

Shareholders' Trip to Yangon, Myanmar

As part of its shareholder relations programme, Yoma Strategic Holdings Ltd. is pleased to invite shareholders to participate in a 3-day 2-night trip to Yangon, Myanmar, from 23 March 2017 to 25 March 2017. This is the fourth successive year that the Company will be hosting its shareholders in Yangon, following the overwhelming success of previous trips.

The itinerary for the Shareholders’ Trip will include visits to the Group’s key property development projects as well as its consumer and automotive businesses. There will be interactive sessions with the Group’s key executives allowing shareholders to gain a better understanding of the Company and to assess the current political, economic and social developments in Myanmar. There will also be visits to key tourist attractions in Yangon.

The Company will host its shareholders by organising the ground transportation and sponsoring the meals. Shareholders will have to pay for all other cost including their own flight and accommodation. Shareholders are encouraged to book their flights and accommodation via the Company’s appointed travel agency in Singapore, which will be disclosed upon registration to ensure logistics efficiency.

The registration will be based on a first-come-first-served basis and is subject to availability. Interested shareholders are to indicate their interest with the Company’s designated contact persons by 10 February 2017, 5 p.m. Singapore time via email to shareholder_trip@yomastrategic.com with their full names, Identification Card numbers, addresses and telephone contact details. In addition, a deposit will have to be paid within 5 working days upon registration to confirm the registration.

[holymage]

Looks like the shareholders' trip is over. Any VBs would like to share anything?

Sent from my SM-G930F using Tapatalk

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Financial Results for the full year and fourth quarter ended 31 March 2017 (“FY2017” and “4Q2017”)

Highlights :
1. FY2017 revenue grew 11.0% to S$124.2 million versus FY2016
2. FY2017 Net Profit attributable to Equity Holders declined 3.5% to S$35.9 million versus FY2016
3. Net assets attributable to equity holders of the Company decreased slightly to S$664.2 million as at 31 March 2017 as compared to S$669.4 million as at 31 March 2016
4. The Group’s net asset value per share as at 31 March 2017 declined to 38.2 cents as compared to 38.6 cents as at 31 March 2016
5. Borrowings for the Group increased slightly to S$165.9 million as at 31 March 2017 as compared to S$156.9 million as at 31 December 2016
6. The Group’s net gearing ratio currently stands at 27.3% as at 31 March 2017
7. Consumer and Automotive & Heavy Equipment businesses recorded a strong revenue growth of 42%
8. Non-real estate businesses contributed 46.6% of total revenue, ahead of the Group’s 2020 target to have at least half of its revenue coming from its non-real estate businesses
9. Proposed first and final cash dividend of 0.25 cents per ordinary share.

More details in :
1. http://infopub.sgx.com/Apps?A=COW_CorpAn...tFinal.pdf
2. http://infopub.sgx.com/Apps?A=COW_CorpAn...eFinal.pdf
3. http://infopub.sgx.com/Apps?A=COW_CorpAn...sFinal.pdf

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This Ex-Goldman Banker Quit to Take Over an Empire in Myanmar

By Livia Yap  and Sterling Wong
January 17, 2018, 12:00 AM GMT+8 Updated on January 17, 2018, 9:18 AM GMT+8

When Melvyn Pun agreed to take his former boss to Myanmar in 2012, little did he know that the trip would cause him to quit his high-profile job at Goldman Sachs Group Inc.

Melvyn had wanted to stay as head of corporate sales for Asia excluding Japan at Goldman, rather than join his father Serge’s empire -- a sprawling conglomerate that runs businesses from real estate to the KFC chicken franchise in Southeast Asia’s poorest nation. But after three days of looking at the investment opportunities in Myanmar, the excitement of his ex-boss convinced him that he’d be mad not to go into the family business.

“I was a happy investment banker at Goldman Sachs for 12 years,” Melvyn, now the chief executive officer of Yoma Strategic Holdings Ltd., said in an interview in Singapore. “But the last five years have proved me wrong and I probably should’ve done it a bit earlier.”

More details in https://www.bloomberg.com/news/articles/...in-myanmar

[MLinvestor]

Now that Yoma has successfully RTOed SHC Capital into Memories Group, what is the impact on Yoma upcoming results?