Yoma Strategic    Last:0.068    -0.003

YOMA

Yoma Strategic Holdings: JV successful in Mandalay airport tender

Summary: Yoma reported that it has a 5% stake in a consortium, with Mitsubishi Corp. and JALUX Inc., that has successfully tendered for the upgrade and operation of the Mandalay International Airport. The consortium is expected to be awarded the tender upon negotiation, finalization and agreement of the final contract with relevant authorities. While this is a positive development, we see the financial impact on Yoma to be likely capped given that it has only a 5% stake and that the initial equity contribution by all the parties are estimated at around US$3.38m. Yoma also noted that the investment is not expected to have any material financial impact on the consolidated net tangible assets and earnings per share for the current year ending Mar 2014. Maintain HOLD with an unchanged fair value estimate of S$0.87. (Eli Lee)

 

Mandalay Int'l Airport project

- Mitsubishi - Jalux consortium won the above tender.
SPA Project Management Ltd was part of this consortium under YOMA

 

recommend potential stks...u think hv gd funda..

ozone2002      ( Date: 30-Jul-2013 13:54) Posted: i never liked the hype surrounding Myanmar, deals can still fall through.. if u continue to believe & focus on  the hype and not see the fundamental figures behind the stock then gd luck to those who buy into this 67x PE stock.. Yoma's Q1 net profit tumbles 80.6% By Jacquelyn Cheok   YOMA Strategic Holdings Ltd posted a net profit of S$420,000 for the first quarter ended June 30, 2013, an 80.6 per cent plunge from a net profit of S$2.2 million a year ago. This was due to higher administrative and operating expenses as a result of an increase in headcount and staff costs. Revenue rose 11.6 per cent from a year ago to S$15.2 million. This was driven by sales of residences and Land Development Rights (LDR) which contributed S$14.4 million or 94.4 per cent of the total revenue during the quarter.

 

 

The 1Q2014 report  clarifies why the net profit is down. This drop is mainly due to expenses incurred to  increase  staff strength  for  expansion. This is a positive action for a fast growing company. (See attached link for details of report.)

http://infopub.sgx.com/FileOpen/1Q2014ResultsAnnouncement.ashx?App=Announcement& FileID=249735

ozone2002      ( Date: 30-Jul-2013 09:10) Posted: net profit down 41%.. this is what you get from a 67x PE company that DBS is promoting gd luck dyodd S/NCompany NameQ/HY/FYCurrency, UnitsRevenueNet Profit CurrentPreviousChange (%)CurrentPreviousChange (%) 1Yoma Strategic Holdings1QS$ mn 15.2 13.6 11.6 1.3 2.2 (41.3)

 

net profit down 41%.. this is what you get from a 67x PE company that DBS is promoting

gd luck dyodd

S/NCompany NameQ/HY/FYCurrency, UnitsRevenueNet Profit
CurrentPreviousChange (%)CurrentPreviousChange (%)
1Yoma Strategic Holdings1QS$ mn 15.2 13.6 11.6 1.3 2.2 (41.3)

 

YOMA's AGM &EGM tomorrow @ Fullerton Hotel at 3.00 pm.
Good to attend to get the latest update on its business plan.

 

DBS still advocating this 67x PE stock.. don't know what to say................................... invest at your own risk...

BUY S$0.905 STI : 3,253.76

Price Target : S$ 1.02 (Prev S$ 1.08)

Reason for Report : Post-NDR note, results preview

Potential Catalyst: Progress of Landmark project, non-property

growth

DBSV vs Consensus: Above

Analyst

TAN Ai Teng +65 6398 7967

AiTeng@dbsvickers.com

Price Relative

66

266

466

666

866

1066

1266

1466

0.0

0.2

0.4

0.6

0.8

1.0

Jul-09 Jul-10 Jul-11 Jul-12 Jul-13

S$ Relative Index

Yoma Strategic Holdings (LHS) Relative STI INDEX (RHS)

Forecasts and Valuation

FY Mar (S$ m) 2012A 2013A 2014F 2015F

Revenue 39 60 99 139

EBITDA 8 13 30 45

Pre-tax Profit 6 16 29 44

Net Profit 6 14 15 24

Net Pft (Pre Ex.) 6 11 15 24

EPS (S cts) 1.1 1.3 1.3 2.1

EPS Pre Ex. (S cts) 1.1 0.9 1.3 2.1

EPS Gth (%) 117 10 6 54

EPS Gth Pre Ex (%) 142 (17) 42 54

Diluted EPS (S cts) 1.1 1.3 1.3 2.1

Net DPS (S cts) 0.5 0.5 0.5 0.5

BV Per Share (S cts) 25.7 31.3 32.1 33.7

PE (X) 79.1 71.6 67.3 43.8

PE Pre Ex. (X) 79.1 95.5 67.3 43.8

P/Cash Flow (X) 24.9 nm 11.5 19.8

EV/EBITDA (X) 59.5 75.0 35.3 20.2

Net Div Yield (%) 0.6 0.6 0.6 0.6

P/Book Value (X) 3.5 2.9 2.8 2.7

Net Debt/Equity (X) CASH CASH CASH CASH

ROAE (%) 4.5 5.9 4.2 6.3

Earnings Rev (%): (16.3) (5.5)

Consensus EPS (S cts): 1.2 1.6

Other Broker Recs: B: 1 S: 1 H: 1

ICB Industry : Industrials

ICB Sector: Construction & Materials

Principal Business: Yoma Strategic Holdings Ltd. develops real

estate sells private residential properties and designs, constructs

and project manages real estate developments in Myanmar and the

People's Republic of China

Source of all data: Company, DBS Vickers, Bloomberg Finance L.P

At A Glance

Issued Capital (m shrs) 1,157

Mkt. Cap (S$m/US$m) 1,047 / 831

Major Shareholders

Pun Serge (%) 41.7

Capital Research (%) 7.1

Aberdeen (%) 5.4

Free Float (%) 45.8

Avg. Daily Vol.(‘000) 17,673

DBS Group Research . Equity 24 Jul 2013

Singapore Company Focus

Yoma Strategic Holdings

Bloomberg: YOMA SP EQUITY | Reuters: YOMA.SI Refer to important disclosures at the end of this report

Long term commitment

•

positioned to benefit from Myanmar’s opening

but look long termInvestors unanimously agree Yoma is best

•

FY14F/15F earnings by 16%/6% as higher costs

would squeeze margins and growthProperty sales remain healthy but we cut

•

maintain BUY with lower TP of S$1.02No change to LT positive view on Yoma

Key concerns.

Hong Kong, meeting 13 fund managers. Investors who are

keen on Myanmar opening up mostly agreed that Yoma is

a direct and liquid access to this frontier market.

Discussions centered on Yoma’s property business, with

key concerns being sustainability of demand and pricing,

Yoma’s funding needs and its ability to execute an

aggressive and diversified expansion plan. Also, the share

price has more than doubled within the year and investors

are apprehensive of entering at current levels, and asked

about possible re-rating catalysts.We hosted Yoma on a two-day NDR in

Property sales still positive but higher expenses

would squeeze growth.

Yoma’s earnings growth will be reined in by slow

construction in 1H14 and higher staff costs due to several

managerial appointments. We raised SGA costs by 30-

40% for FY14F/15F and cut net earnings by 16%/6%. For

1QFY14, we expect S$2.8m net profit and S$24m sales.

Yoma is due to report results at end July.Despite healthy property sales,

Maintain BUY progress of Landmark, nonproperty

developments are imminent catalysts.

stock has quietened down after its failed telco bid but

Yoma’s position is intact. It will continue to benefit from

the larger SPA Group which has a non-sanction status and

substantial exposure to quality properties which are sought

after by incoming foreigners and Yangon’s growing

populationThe

 

Yoma is soooooo quiet this day. One week liao.

Good or bad talk something lehh.

 

Myanmar is fast developing to catch up with its neighbours. This  will benefit many counters, like Yoma who are well established in this country. The announcement of Myanmar to open its stock exchange in early 2014 will also boost share price of counters link to Myanmar.

Atom99      ( Date: 09-Jul-2013 16:25) Posted: The property price in MYANMAR is sky rocketing because of shortage of land,residential, hotels and offices.it is going to benefits YOMA. Hold for long term.it may be once in a life time to have such opportunity for big return in your investment.

 

The property price in MYANMAR is sky rocketing because of shortage of land,residential, hotels and offices.it is going to benefits YOMA. Hold for long term.it may be once in a life time to have such opportunity for big return in your investment.

 

The power of Yoma (Myanmar)

 

Still got Myanmar tycoon stories....Myanmese tycoon Serge Pun...Tua Huat...arhh.

Retail players bo pien huat...arhh.


 

Dividend_Warrior      ( Date: 01-Jul-2013 23:33) Posted: No more telco story........

 

Has Myanmar play Yoma outrun its fundamentals?
By Kenneth Lim

Yoma Strategic Holdings has excited investors as a solid incumbent with growing ambitions in one of the region's most promising markets.

It be coming a  poster boy for the Myanmar play ever since the country began to open up its economy in late 2011. Run by Myanmese tycoon Serge Pun, it is the only listed company, with revenues derived almost purely from the South-east Asian country.  This the new optimism over Myanmar has taken Yoma shares on a surging run.

But now, with the property developer's share price more than 150 times, its trailing 12-mth earnings and almost three times its book value. Will it price deliver potential for those lofty valuations  to be  supported?.

Price to book has shot up from about 0.3x to almost 3.0x.  Prices flow is up from about  5x to about 60x, according to data from Bloomberg.

Brief notice on Yoma share, just  for sharing purpose.....

In Nov 2011. Yoma was trading  at less then 10c  and a price-earnings ratio of about 6x. 6 mths later, stock had  move to 40cts.

Yoma shares hit one dollar three time and fail to cross $1.08cts, Hope  she is  4th/5th time lucky n trade many more  150 times it  earnings.

teeth53 thot - short term trading only...see much stronger support @0.785c. Players may oso take first exist opportunties  offer on profiting after 0.90c ++.

http://sg.finance.yahoo.com/q/ta?s=Z59.SI& t=1y& l=on& z=l& q=l& p=b%2Ce20%2Ce50& a=m26-12-9%2Cv& c=

 

teeth53      ( Date: 06-Jul-2013 23:48) Posted: Yoma is soooooo quiet this day. One week liao. Yoma       Last Friday closed - $0.87cts  Vol:7706k (unchanged)

 

I see price hitting 1.08 dbs tp soon.accumulation going on alresdy.

 

BBs collection cheap cheap at ONLY 38 cents. on average it still very profitable - right. RIGHT.

Might as well remind retail players again. Last Friday,  it closed at...give it a thot. 

teeth53      ( Date: 06-Jul-2013 23:48) Posted: Yoma is soooooo quiet this day. One week liao. Yoma       Last Friday closed - $0.87cts  Vol:7706k (unchanged)

 

For BBs to maintain their interest in Yoma,  as always  retailers/players will and may again hop tio.

" It ok, the rich is very rich n can pump to collect back their money. The retails one - I'm not sure can or not."  

JarolLo      ( Date: 19-Jun-2013 08:06) Posted: The right issue price is so much lower than the current market price. I'm afraid it will negatively impact the price to much lower level. While it may benefit the company, the existing shareholders may suffer in the s/t. FearValueGreed      ( Date: 18-Jun-2013 08:46) Posted: Yoma Strategic Holdings gained 1.6 percent to 96.5 Singapore cents. The Myanmar-focused investment firm plans to undertake a renounceable non-underwritten rights issue of up to 289 million new shares at 38 Singapore cents per share to fund the proposed acquisition of 80 percent interest in a property project in Myanmar.

 

Me giving hint...might as well remind again, still not the right time to pick up...(think so)

teeth53      ( Date: 13-Jun-2013 13:19) Posted: Roof leaking Liao. Roof hole too big.??..more $ falling to flooring for collection. Just don b the last to hold this babe. aputako      ( Date: 05-Jun-2013 10:48) Posted: One finger touched $1 earlier this morning. Rice bucket! Huat arrrr!!!!!

 

Ya..Push did happen, din touch $1.08c, just hope BBs don leave the scene when drama is over...wish players huat...arhh.

teeth53      ( Date: 15-May-2013 23:48) Posted: Was refering..." This stock is high risk and high gain, can go either way." This stk though is not trenching up, it still maintaining some interest by trading sideway, refering to the narrow bollinger band traded, and MACD signal. (was it awaiting for Myanmar news on Soros Tel Co license?) Happi trading and investing. teeth53      ( Date: 03-May-2013 23:05) Posted: Was wondering all seems good??. It 's good to leave under a good name rather then face with certainty and or un-certainty...? Which is which?.

 

Yoma is soooooo quiet this day. One week liao.

Yoma       Last Friday closed - $0.87cts  Vol:7706k (unchanged)