Yoma Strategic has reported a net loss of US$21.6 million ($28.8 million) for the 1HFY2021 ended March, 21.7% more than the net loss of US$17.8 million in the 1HFY2020. The lower figures were due to the impact of Covid-19 and the “uncertain operating environment” in Myanmar due to the coup that ...

Yoma Strategic Holdings says most of its businesses have resumed operations, following a coup in Myanmar on Feb 1. However, the company warns of a potential “change in business sentiment”. The company, based in Myanmar but listed on the Singapore Exchange, says that cities in Myanmar remained ca...

YOMA Strategic and the spin-off of its tourism business arm, Memories Group, have each issued business updates after calling for trading halts on Monday morning.

CATALIST-LISTED tourism operator Memories Group faces material uncertainty over whether it can continue as a going concern amid the Covid-19 pandemic.

PhillipCapital analyst Tan Jie Hui has maintained her “buy” call on Yoma Strategic Holdings and target price of 46 cents after the group’s 2HFY2020 and FY2020 topline met expectations at 98% and 100% of her forecasts respectively. Despite the impact of the Covid-19 pandemic, 2HFY2020 revenue s...

CATALIST-listed tourism player Memories Group has discovered a case of fraud at its wholly-owned Myanmar subsidiary, Asia Holidays Travels & Tours Company (AHTT), it said last Wednesday.

SINGAPORE (Apr 16): Catalist-listed tourism company Memories Group announced Wednesday it has uncovered the misappropriation of some US$500,000 ($707,000) from the accounts of wholly-owned Myanmar subsidiary, Asia Holidays Travels & Tours (AHTT). The Myanmar-based group alleges that the case of...

THE following companies saw new developments that may affect trading of their shares on Wednesday:

SINGAPORE (May 29): Memories Group posted US$6.1 million ($8.4 million) in 4Q19 earnings, up y-o-y from its earnings of US$1 million due to a one-off US$8 million gain from its acquisition of SM Assets Holdings. The gain was derived from a lower fair value of the purchase consideration paid for the...

ON the back of a one-off US$8.07 million gain from a bargain purchase, Catalist-listed Myanmar-based tourism firm Memories Group posted net profit attributable to shareholders of US$6.15 million for the fourth quarter ended March 31, 2019.