Myanmar

Yoma Strategic unit appointed exclusive distributor for JCB in Myanmar

SINGAPORE (Sept 8): Yoma Strategic Holdings on Thursday announced that wholly-owned subsidiary Convenience Prosperity Company Limited (CPCL) has been appointed as the exclusive distributor for J C Bamford Excavators Limited (JCB) in Myanmar.

Keppel Land in JV to develop Phase 2 of Junction City in Yangon

SINGAPORE (Sept 7): Keppel Land, the property arm of Keppel Corporation, has entered into a conditional joint venture agreement with Shwe Taung Group to develop premium serviced residences and offices in the second phase of Junction City in Yangon, Myanma

Results

HG Metal returns to profitability in 2Q

SINGAPORE (Aug 10): HG Metal Manufacturing has swung back into the black with earnings of $1.4 million for 2Q16, compared with net losses of $1.3 million in 2Q15.

Broker's Calls

Super Group not so super in the near term

SINGAPORE (July 14): Daiwa is sticking to its “sell” call for Super Group, with a target price of 64 cents on the back of intense competition in its core market of Myanmar  and potential margin pressure arising from higher input costs and marketing e

IPO

Golden Glory plans Singapore IPO for Myanmar property push

SINGAPORE (June 1): Golden Glory Group, a developer of Myanmar real estate, is planning an initial public offering in Singapore this year as the opening of the frontier market spurs property demand in Southeast Asia’s fastest-growing economy.

Yoma Strategic posts 33% rise in FY16 earnings to $37 mil

SINGAPORE (May 19): Yoma Strategic, the Myanmar-focused business conglomerate, posted a 32.6% rise in FY16 earnings to $37.2 million, or 2.15 cents per share, from $28.1 million, or 2 cents per share, a year ago.
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