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Yoma Strategic
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handon
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davidjabez
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05-Apr-2012 15:50
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just wondering if it is still a good time to enter. | ||||
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fonz84
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05-Apr-2012 10:54
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Hillary Clinton has declared the United States is ready to relax sanctions on Burma to recognise its fledgling democratic transition. Washington would ease a ban on US companies investing in or offering financial services to the country, the secretary of state said. Clinton stressed the Obama administration wanted to move cautiously and said Burma had a long way to go in shaking off decades of military rule. But she hailed as a "dramatic demonstration of popular will" the election of Aung San Suu Kyi to the lower house of parliament on Sunday in a byelection that delivered a landslide victory to her party. "We fully recognise and embrace the progress that has taken place and we will continue our policy of engagement," Clinton said in a brief appearance before reporters three days after Suu Kyi's party won 43 of 45 seats available in the byelection. The package Clinton unveiled on Wednesday reflected a modest first step toward lifting the complex web of US sanctions that have contributed to the country's isolation for decades. The United States will seek to name an ambassador to Burma after an absence of two decades, to set up an office of the US Agency for International Development and to support UN development programmes. Clinton said the United States was committed to "beginning the process of a targeted easing of our ban on the export of US financial services and investment as part of a broader effort to help accelerate economic modernisation and political reform". She provided no details. US officials speaking on condition of anonymity said some areas might include agriculture, tourism, telecommunications and banking but no decisions had been taken. Clinton said the US was ready to allow private US aid groups to pursue non-profit activities on projects such as democracy building, health and education, and to give select Burmese officials and politicians permission to visit the United States, relaxing longstanding visa bans. Washington wants Burma to free all political prisoners, lift restrictions on those who have already been released, seek national reconciliation, especially with ethnic groups that say they have long been oppressed by the central government, and to end any military ties to North Korea. "This reform process has a long way to go. The future is neither clear nor certain. But we will continue to monitor developments closely and meet, as I said when I was there [in Burma], action with action," Clinton said. President Thein Sein, a general in the former junta, has surprised the world with the most dramatic political reforms since the military took power in a 1962 coup. In several batches following an October 2011 amnesty, a civilian administration under Thein Sein has released more than 600 political prisoners. Activists say several hundred more may still be in custody but the exact number is not clear. Walter Lohman of the Heritage Foundation, a conservative thinktank, welcomed the cautious US approach, saying some steps should wait until after a 2015 election in which 75% of parliamentary seats in Burma will be contested. "We need to reserve some ammunition for the real goal: the 2015 general election. Let's not give it away too quickly," he said. Economic analysts say that it will take time for the US to unravel the full scope of its sanctions on Burma, first imposed in 1988 and subsequently expanded by five laws and four presidential directives. A US official described the sanctions as "byzantine" and said Washington would focus on easing them so as to benefit the most people while avoiding giving advantage to areas – possibly including timber and gems – dominated by "repressive" elements of the authorities. Some sanctions can be lifted readily but others are tied to specific progress on issues ranging from drug trafficking and money laundering to preventing the use of child soldiers – making them more difficult to remove. In the first instance Washington plans to use waivers, licences and other steps to ease rather than repeal legally binding sanctions. Aung Din, head of the US Campaign for Burma advocacy group that helped put in place sanctions on Burma, suggested the United States may have gone too far too fast. "What they have achieved from the United States for giving 7% of seats in the Parliament to Daw Aung San Suu Kyi is enormous," he said, saying she hoped the administration would take its time easing sanctions to ensure the political progress in Burma is "irreversible" and to consult rights groups. | ||||
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GuavaXF30
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31-Mar-2012 09:27
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Congrats to those who bought back when there was profit taking. The faithful benefits. This is one prospective counter. Myanmur is the next emerger. China now a bit stale. The other one that is already attracting attention is Indonesia. Go for infrastructure and property counters there. Banks too. I tend to want to stay away from Malaysia for now. The election may not bring good news for investors. There is a reason why AK is selling out. He's not stupid.
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bryancbq
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30-Mar-2012 15:44
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can intro your broker? haha. he always give tips and advice ah? zhun one anot?
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tankuku
Master |
30-Mar-2012 15:41
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My broker recommanded a buy with TP: $0.75 in the next few weeks. He say should buy before the myanmar selection cause it will then start to move toward the TP at a fast rate. Do monitor and good luck. |
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fonz84
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30-Mar-2012 15:07
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Yoma Strategic Holdings Ltd. (YOMA SP), a developer of properties in Myanmar, jumped 9.8 percent to 50.5 Singapore cents on speculation next week’s polls will boost the Southeast Asian nation’s appeal to investors. Myanmar will hold its most inclusive elections since the military rejected an opposition victory in 1990.- Bloomberg |
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fonz84
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30-Mar-2012 11:01
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yoma starting to move. possibly because Myanmar will begin a managed float of its currency in the fiscal year from April | ||||
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Bluestingray
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18-Mar-2012 19:20
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Do anyone think yoma will go higher tml?what's the highest target price will it hit anyone got any idea? | ||||
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New123
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15-Mar-2012 16:28
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Yoma is going to fly higher .. | ||||
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2egg4kosong
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07-Mar-2012 16:29
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Anyone knows when Yoma will trade on cum-rights basis? Will it be announced on SGX? | ||||
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fonz84
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07-Mar-2012 15:57
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By a Reuters staff reporter YANGON (Reuters) - Myanmar will begin a managed float of its currency in the fiscal year from April and develop an interbank money market, according to central bank documents obtained by Reuters, ending a fixed-rate currency system that has stifled investment and fuelled a black market. The plan for Myanmar's boldest economic reform yet was laid out by central bank deputy governor Maung Maung Win in documents seen by Reuters on Tuesday that said preparations to unify the dual exchange rate should be made by the end of this month. That would be followed over the next 12 months by a managed currency float of the kyat and the introduction of an interbank currency market, which would allow authorities to intervene and influence the rate. From 2013/14 onwards, Myanmar would aim to "entirely eliminate" the "informal" currency market, the documents said. Last March the former military junta made way for a nominally civilian government that embarked on a major reform drive, freeing hundreds of political prisoners, loosening media controls and engaging with Nobel Peace Prize laureate Aung San Suu Kyi, leader of Myanmar's pro-democracy movement. Officially, one U.S. dollar buys a little over six Myanmar kyat. Unofficially, it's more like 800 kyat. The kyat's unofficial rate, used in most transactions, has jumped from more than 1,000 per dollar in 2009 as foreign money has flowed into the timber, energy and gem sectors. That has hurt a swathe of Burmese, from farmers and manufacturers to traders and employees of foreign firms paid in dollars. The central bank documents did not indicate what the free market rate might be. The official rate is used for government revenue and for imports by some state-owned enterprises. As a result, state revenue is grossly underestimated and some critics say it is likely vast sums of that money have been kept off the books and quietly smuggled out of the country into offshore bank accounts held by cronies of the former junta. They may have repatriated some of the funds to snap up state assets that were sold off during an extremely opaque privatisation boom that took place just over a year before the army's transfer of power to the civilian government. Currency reform is a delicate task whose prospect unsettles many ordinary Burmese. In 1987, the sudden cancellation of certain banknote denominations by late dictator General Ne Win wiped out many people's savings and helped trigger a pro-democracy uprising the following year that the military crushed by killing and wounding thousands. Since 1977, the kyat has been pegged to the International Monetary Fund's (IMF) special drawing rights, with one dollar equalling 6.4 kyat. "KEY FACTORS FOR ECONOMIC DEVELOPMENT" U Myint, chief economic adviser to President Thein Sein, warned in a paper in June that the currency could destabilise Myanmar and urged the government to ask the IMF for help. A team of IMF advisers came in November to look at reforming the currency and unifying the rates. Myanmar is one of only 17 countries that still have dual exchange rates and even the IMF has only three experts on how to unify them. "Successful implementation of reforming the exchange rate system is one of the key factors for economic development," said the documents, part of a presentation made by the central bank on March 1. It said the multiple exchange rates had led to "appreciation pressure and volatility." There was therefore an "obligation to unify the exchange rates," with the aim of "adopting a managed-float exchange rate system with the goal of domestic price stability." "The value of the kyat will be determined by the demand and supply of the market," it added. All government institutions would have to use the prevailing market rate, which would bring transparency to the state budget and fiscal policies, it said, acknowledging this would be a shock. Measures would be prepared to address "speculative activities and panic effects in the foreign exchange market." Market information and surveillance systems would be introduced and other Asian central banks would help the authorities develop the capacity to run the new market, the central bank said. The reforms are likely to heighten debate over Myanmar's economic potential. As big as France and Britain combined, the resource-rich country sits strategically between India, China and Southeast Asia with ports on the Indian Ocean and Andaman Sea, all of which have made it a coveted energy-security asset for Beijing's western provinces. Bordering five countries, Myanmar offers multiple avenues of Asian engagement as U.S. President Barack Obama shifts focus from the wars in Iraq and Afghanistan towards economic growth and security in the Asia-Pacific region. But half a century of isolation has taken its toll on the former British colony, also known as Burma. The barriers to progress are formidable: U.S. and European sanctions, woeful infrastructure, weak investment laws, a crippled banking system and a shortage of skilled Burmese. Some expect sanctions to begin to be lifted if by-elections on April 1, in which Suu Kyi will run for parliament, are free and fair. A November 2010 general election was widely criticised as a sham. The central bank also called for harmonisation between fiscal and monetary policies and better monitoring of the economy, along with improvements to the banking sector. A "possible increase of FDI inflows and remittances will contribute to the national economic development," it said. (Writing by Alan Raybould Editing by Jason Szep & Kim Coghill) | ||||
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Bluestingray
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05-Mar-2012 22:41
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But this stock seems like it has been going downwards on a consistent basics. abit risky, will it go down further? so everything have to wait till 1 april so that it will have a clear direction immortal do you mean this? any advice on how this stock will goes? this counter can be keep? any master come zhi dian mi jing. | ||||
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Immortal
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05-Mar-2012 20:19
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very tempted to buy into Yoma.....I think it will give the best returns for this year if US sanctions are lifted by the 1 April election. | ||||
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fonz84
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05-Mar-2012 19:41
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Bloomberg News Myanmar Said to Be Nearing Currency Float in Biggest Shift Since Opening By Daniel Ten Kate on March 05, 2012 Myanmar is nearing a decision to dismantle its fixed exchange rate, which risked holding back trade and investment as the country seeks economic ties with western nations after five decades of military rule. Authorities will soon announce a shift to a managed float of the kyat, and seek to keep it from rising beyond the informal rate of about 800 per dollar, a person familiar with the discussions said. Officials will then activate an interbank exchange market, in which the central bank will intervene to influence the kyat’s value, according to the person, who spoke on condition of anonymity because the talks are private. The step would mark President Thein Sein’s biggest economic shift since he began removing the remnants of military rule after taking office last year. With the U.S. and European nations pledging to review sanctions after April 1 by-elections involving dissident leader Aung San Suu Kyi, the change would lay the groundwork for reconnecting Myanmar to global commerce. “It would be a considerable victory for the reformers,” said Sean Turnell, a professor at Macquarie University in Sydney who conducts research on Myanmar’s economy. “The people who would lose out the most would be the inner core of the highest echelons of the military, which used the old rate to accumulate reserves that were used to do what the military wanted to do.” Current System The managed float would end a 35-year official peg to the International Monetary Fund’s special drawing rights, under which a dollar fetches 6.4 kyat, about 125 times stronger than the informal market rate. Restrictions on capital flows have left a legacy of about seven unique exchange rates in Myanmar. Scrapping the complex multiple-rate system would reduce constraints to growth in a country with the potential to become “the next economic frontier in Asia,” the Washington-based IMF, which has provided guidance to Myanmar, said on Jan. 25. Myanmar banks are seeking training from regional lenders as sanctions in place for more than two decades have deprived the banking sector of technical expertise, complicating efforts to modernize the financial system. Standard Chartered Plc and General Electric Co. are among European and U.S. companies seeking to invest in Myanmar if sanctions are eased. Investor Jim Rogers, the chairman of Rogers Holdings who predicted a global commodities rally in 1999, said Feb. 22 he’d put all his money in Myanmar if he could. Resource Riches The country of 64 million people bordering India and China, with resources including rubber and natural gas, largely disconnected from the global economy after democracy ended in the early 1960s. The government is preparing to activate licenses granted to 11 local banks last year to act as authorized dealers in U.S. dollars, euros and Singapore dollars in a wholesale interbank exchange market. The banks are seeking relationships with foreign lenders in major trading partners such as Thailand, Singapore and China, the person familiar with the talks said. Myanmar’s central bank will also auction foreign exchange under the new system, according to the person. Reducing controls on flows of currency, which include a requirement that all imports be paid for with export earnings, will take time in order to prevent a flood of cheap imports, particularly from China, the person said. Overvaluation Risk A managed float would help private exporters, whose goods have become less competitive as the informal market rate for the kyat appreciated to about 800 this year from 1,300 in 2006, the fastest gains in Southeast Asia, according to a paper written in January by Koji Kubo, a research fellow at policy group affiliated with the Japan External Trade Organization. “The risks of an overvalued exchange rate are even greater” with a more open economy, Joseph Stiglitz, a Columbia University professor, Nobel laureate in economics and former World Bank chief economist, said in an interview with the Wall Street Journal after a visit to Myanmar last month. “They made it very clear that they are headed for foreign-exchange-rate unification,” he also said, according to the newspaper. Natural gas sales to neighboring Thailand over the past decade have helped boost Myanmar’s foreign-exchange reserves, which rose to $5.5 billion in 2010 from $201 million in 2000, Asian Development Bank data show. The central bank aims to preserve the value of the kyat, according to its website. “The parallel exchange market has been left uncontrolled by the government,” Kubo wrote. “By unifying the segmented foreign exchange market, the government and the central bank can influence the exchange rate of the private sector and bring more stability.” | ||||
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teeth53
Supreme |
04-Mar-2012 21:54
Yells: "don't learn through life, learn to grow with life " |
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Speculative and sentiment play, all due to Myanmar opening up, however it oso take time to show it real profit. Got profit - take some and leave some for others...Happi Trading. Oni for short term. |
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Immortal
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04-Mar-2012 21:31
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Yoma seems to have 2 big triangle at play, a BIG symmetrical triangle and a falling wedge. Can Yoma still go up? |
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GuavaXF30
Master |
01-Mar-2012 08:23
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You may well be right. Market probably will stick around this region after recent run. May need another few weeks before resuming climb. As for Yoma, lots of people made the last two rounds. So natural to see profit taking through sell-off. But the real question is also, where will the money move to next?
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Bluestingray
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29-Feb-2012 22:22
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Yaya.. Seems like Yoma wouldn't be moving till some time..after charging forward for some period of time, guess it's time for a rest. But anyone has this counter on hand? any valuable comments? | ||||
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fonz84
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29-Feb-2012 17:52
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wonder when this would move... like no strength. | ||||
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GuavaXF30
Master |
28-Feb-2012 09:57
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I took profit already but I still like Yoma. Future projects is exciting and all you really need is to come up with confirmation of this and it will run up again. In fact, I am bullish about overall market. Look at DOW last night. From at one point down by almost 100 pts. to close at just 1.44 pts down. Game not over yet I feel....
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