As the Straits Times Index (STI) turned in a “respectable performance” in the 1Q2021, PhillipCapital’s head of research Paul Chew writes that he remains positive on equity markets, in an April 1 report. This comes on the back of a pick-up in global economic momentum, as well as signs of reflat...

PhillipCapital analyst Tan Jie Hui has downgraded her recommendation on Yoma Strategic to “neutral” from “buy”, with a lower target price of 15.6 cents from 34 cents. The brokerage’s downgrade also comes slightly over a month after it continued to rate Yoma at “buy” on Feb 5, since Mya...

PHILLIP Securities has downgraded its call on Yoma Strategic Holdings with a lower target price of 15.6 Singapore cents, down by more than half from the earlier 34 cent price target, after changing its valuation method.

Within the STI, United Overseas Bank, OCBC and Wilmar International have seen the highest net institutional inflows in the 2021 year to Feb 18, while outside the STI, the highest net institutional inflows remained drawn to technology trio Fu Yu Corporation, AEM Holdings and UMS Holdings. Among the b...

Boston-based investment management firm Eaton Vance has ceased to become a substantial shareholder at Yoma Strategic Holdings. The firm sold 13 million shares for $2.42 million, pricing each share at around 18.6 cents, via market transaction on Feb 17. The sale has reduced Eaton’s stake in Yoma to...

Fund manager Standard Life Aberdeen plc, already a substantial shareholder of Yoma Strategic Holdings, has added to its stake with purchases from the open market. The UK-based asset manager on Feb 15 paid 19.2 cents for 8,357,400 shares, bringing its total stake to around 142.3 million, or 6.362%. I...

Yoma Strategic Holdings has reported group revenue of US$24.8 million ($33.1 million) for the 1QFY2021 ended December, 0.9% higher than revenue of US$24.6 million from a year ago. Yoma, which has a diversified portfolio of businesses in Myanmar, saw mixed contributions. For the 1QFY2021, group reven...

THE following companies saw new developments that may affect trading of their securities on Monday:

MAINBOARD-LISTED Yoma Strategic Holdings said on Sunday that while political developments in Myanmar "have resulted in intermittent disruption" in some of its businesses, many of its services have resumed operations, including Wave Money, KFC and Kospa.

All eyes have been on real estate operator Yoma Strategic since Myanmar – where it is headquartered – was declared a state of emergency on Feb 1. The move which is slated to last for a year, comes as the military has alleged discrepancies in the votes secured by Aung San Suu Kyi’s National Lea...