Yoma Strategic - Phillip Securities 2024-01-05: Adapting Well To The New Environment

• Following the pandemic and coup in 2021, Yoma Strategic (SGX:Z59) has undergone a major de-leveraging and rightsizing exercise. Net debt has shrunk from US$326mil in September 2021 to US$134mil in September 2023. The company disposed of investment properties, restructured Yoma Central debt, resized F&B operations, lowered manpower costs and generated operating cash flow.
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• The macro environment in Myanmar has been extremely challenging. Myanmar's GDP (in US$ nominal terms) contracted 17.5% y-o-y in 2021 and 8.9% in 2022. Inflation is running at 20% p.a. and the kyat currency is officially down 60% since 2021. Yoma Strategic is responding to these challenges by de-gearing its balance sheet, disposing of non-core assets, localising costs and rebalancing its headcount.
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Company Background

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-12-18 Yoma Strategic - Property Sales Lead The Way.

Previous report by Phillip:
2025-05-28 Yoma Strategic - Sold US$400mn+ Residential Properties In Myanmar.

Price targets by other brokers at Yoma Strategic Target Prices.

Listing of research reports at Yoma Strategic Analyst Reports.

Relevant links:
Yoma Strategic Share Price History,
Yoma Strategic Announcements,
Yoma Strategic Dividend Payout Dates & Corporate Actions,
Yoma Strategic News